Infrastructure Investment and Finance

Description: The MSc in Infrastructure Investment and Finance at University College London is a rigorous and comprehensive programme designed to equip students with the essential knowledge and skills required to excel in the dynamic field of infrastructure finance and investment. This interdisciplinary course combines theoretical foundations with practical applications, ensuring graduates are well-prepared to address the complex challenges faced in financing infrastructure projects across various sectors such as transport, energy, water, and social infrastructure. Throughout the programme, students will explore key topics including project valuation, financial modelling, risk assessment, public-private partnerships, and sustainable investment strategies. The curriculum emphasizes the integration of innovative financial instruments and approaches to meet the demands of rapidly evolving markets and policy environments. Delivered by experts from academia and industry, the programme offers a blend of lectures, case studies, workshops, and project work, fostering critical thinking and practical problem-solving skills. Students will also have opportunities to engage with leading practitioners through guest seminars and networking events, gaining valuable insights into current industry trends and best practices. The programme is particularly suitable for graduates seeking careers in infrastructure development, investment banking, asset management, consultancy, or public policy related to infrastructure projects. The MSc in Infrastructure Investment and Finance at UCL is committed to developing professionals who can contribute to sustainable development and economic growth by delivering innovative financial solutions for infrastructure projects worldwide. With a strong focus on international perspectives and financial sustainability, this programme prepares students for impactful roles in a rapidly changing global environment, making it an ideal choice for aspiring infrastructure finance specialists.

With a strong commercial focus, this course provides candidates with a well-balanced mix of economic and financial theory as well as industry practice, including modules exploring:

• The history and future of infrastructure investment at global, national and sector levels, and the key determinants of total and sector investment levels
• The impact of government policy, funding and private capital markets on investment in infrastructure
• The role of regulation in incentivising private investment
• The cost of capital for infrastructure investment and the allocation of risk in contracted delivery
• The commercial perspective of infrastructure project sponsors, lenders, investors and contractors throughout the procurement, design, construction and operation of infrastructure assets

MSc students undertake modules to the value of 180 credits.

The programme consists of eight core modules (120 credits) and a research dissertation (60 credits).

A Postgraduate Diploma, eight core modules (120 credits) is offered.

Core modules

• Financing Infrastructure: Fundamentals and Innovations in Funding and Financing
• Infrastructure using a Special Purpose Vehicle
• Infrastructure: Economic Principles and Policy
• Infrastructure as an Asset Class
• Agency and Transaction Costs in Infrastructure Projects
• Risk Modelling and Asset Management in Infrastructure Projects
• Demand Forecasts, Business Cases and Appraisal Methods for Infrastructure Projects
• The Management of Infrastructure Projects and Programmes

Optional modules

There are no optional modules for this programme.

Dissertation/report

All students undertake a substantial research-based dissertation on a research question of their own choosing.

Teaching and learning

The MSc programme is delivered through a combination of lectures, seminars, group tutorials/workshops, project briefings, and individual supervision for the research-based dissertation element. Assessment is through examinations, 3,000-word written term papers and the 10,000-word dissertation.

A minimum of an upper second-class Bachelor’s degree from a UK university in a relevant subject (including engineering, mathematical-based science, built environment, economics and finance), or an overseas qualification of an equivalent standard. In exceptional cases, a lesser academic qualification combined with substantial professional experience and demonstrable academic ability will allow acceptance onto the programme.

Scholarships relevant to this department are displayed below.

Bartlett Masters Scholarship

Value:

£10,000 (1 year)

Eligibility:

UK, EU, Overseas students

Criteria:

Based on financial need

The Infrastructure Investment and Finance MSc at University College London is a specialized postgraduate program designed to equip students with the comprehensive skills and knowledge necessary to excel in the dynamic and complex field of infrastructure development and finance. This program integrates fundamental concepts of economic analysis, project finance, and sustainable development, providing a multidisciplinary approach tailored to the needs of the modern infrastructure sector. Students will explore a broad spectrum of topics, including the principles of infrastructure project appraisal, risk management strategies, financial modeling, public-private partnerships, and innovative financing mechanisms across various infrastructure sectors such as transportation, energy, and water resources.

The MSc program emphasizes practical applications, preparing graduates to assess the financial viability of infrastructure projects, understand regulatory and policy frameworks, and develop strategic solutions for sustainable infrastructure investments worldwide. Coursework combines lectures, case studies, and seminars led by experienced academics and industry practitioners, ensuring that students gain both theoretical insights and real-world perspectives. The program also offers opportunities for networking and professional development through guest lectures, industry visits, and collaborative projects.

Students enrolled in the Infrastructure Investment and Finance MSc benefit from UCL’s strong links with industry stakeholders, including financial institutions, government agencies, and consultancy firms, fostering valuable connections that can support career advancement. The program is suitable for recent graduates aiming to enter the infrastructure sector, early-career professionals seeking to enhance their specialized knowledge, or individuals wishing to transition into infrastructure finance and investment roles. Graduates of this course are well-positioned to pursue careers in project finance advisory, infrastructure investment banking, policy analysis, or management roles within public and private infrastructure organizations.

The university’s location in London provides an excellent environment for engaging with leading global infrastructure projects and financial markets. The program typically requires a minimum of one year of full-time study, with flexible options available for part-time students. Entry requirements usually include a relevant undergraduate degree, strong quantitative skills, and interest in infrastructure finance. Overall, the MSc in Infrastructure Investment and Finance at UCL offers a rigorous and comprehensive educational experience, designed to develop the next generation of infrastructure finance professionals.