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Course content

The MSc in Construction Economics and Management equips graduates with the skills to become senior managers, policy advisers and decision-makers in any branch of the construction industry. It can also provide teachers and researchers in these subject areas with professional academic development.

About this degree

This RICS accredited programme aims to develop students' knowledge and skills under two mutually supporting themes, for which the School of Construction & Project Management has an international reputation:

  • the economics and finance of construction at project, firm and industry levels
  • the management of construction projects and enterprises.

Construction is taken in its widest sense to include design, infrastructure and the supply chain.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional/elective modules (60 credits) and a dissertation (60 credits).

A Postgraduate Diploma, four core modules, four optional modules (120 credits, full-time nine months) is offered.

Core modules

  • The Economics of Construction: Economics, Sectors and Industries
  • The Economic Institutions of the Construction Industry
  • The Management of Construction Projects
  • The Management of Construction Enterprises

Optional modules

Optional module choices will include:

  • Construction Booms and Slumps**
  • Construction Clients and the Market for Contracts**
  • Economics of Appraisal of Construction Projects: Leading Issues**
  • Economics of Speculative Construction Development**
  • Construction Industry Development**
  • Managing Professional Practice*
  • Relationships between Firms*
  • Capturing and Delivering Value*
  • The Construction Firm: Contractors and Subcontractors*
  • Marketing and Project Business Development*
  • Managing Change in Organisations*
  • Environmental Sustainability in the Construction Sector
  • Integrating Project Information Systems with Building Information Modelling
  • Managing Construction
  • Managing the Enterprise-Project Relationship
  • Organisations and People in Projects
  • Social Networks in Project and Enterprise Organisations

*Students choose at least one

**Students choose at least two

The fourth optional module is selected from the remaining choices displayed above.

Dissertation/report

All MSc students submit a 10,000-word dissertation related to the main themes of the programme, under the guidance of an individual supervisor.

Teaching and learning

The programme is delivered through a combination of lectures, seminars and group work on case studies, exercises and problems. Lectures include industry guest speakers. Assessment is through written examination, term papers and the dissertation.

Fieldwork

Fieldwork contributes to primary research for the dissertation

Further information on modules and degree structure is available on the department website: Construction Economics and Management MSc

Careers

The career options for graduates are varied, and many students go on to work for construction, engineering and design enterprises, professional consultants and commercial research organisations, and client enterprises with significant project portfolios such as retailers or banks. Graduates are keenly recruited by many of the UK's very best construction-sector firms. The MSc can be used as a foundation for MPhil/PhD research.

Recent career destinations for this degree

  • Graduate Construction Manager, Balfour Beatty
  • Project Planner, Laing O'Rourke
  • Business Analyst, Lloyds Banking Group
  • Project Engineer, CMT Design & Construction
  • Structural Design Engineer, Urban Construction Architectural Design and Research Group

Employability

The programme offers an understanding of financial and other kinds of management within the context of the project, the project-based firm and the construction industry in its widest sense. There are some elements which can be put to use straight away while other elements of a strategic nature will prove useful as graduates move into more senior management roles. It is an attractive graduate qualification either for those trained in a technical discipline without previous economic training or those trained in economics or finance without previous exposure to construction.

Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.

Why study this degree at UCL?

Our school is part of The Bartlett, which is the UK's largest multidisciplinary faculty of the built environment. It brings together scientific and professional specialisms required to research, understand, finance, design, procure, construct/refurbish and operate the buildings, infrastructure and urban environments of the future.

Outside the faculty we have links within UCL with those involved in engineering, computing and other areas of management.

Located in central London, UCL is at the heart of a large cluster of architectural, engineering, surveying, real estate and management consultancies, major construction/infrastructure clients, contractors and financial institutions. The UK's centre of government and all the resources of a world city are also to hand.

Accreditation

RICS Project Management pathway

Research Excellence Framework (REF)

The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.

The following REF score was awarded to the department: Bartlett School of Construction & Project Management

81% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)

Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.


Visit the Construction Economics and Management (MSc/PGDip) page on the University College London website for more details!

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