UCL School of Management

MSc Entrepreneurship

Overview

Start date: September 2018
Duration: 12 months full-time, or 24 months part-time
Fees: UK/EU £12,380 (f/t) or £6,190 (p/t) and Overseas - £26,670 (f/t) or £13,350 (p/t)
Application deadline: 31 May 2018 (or earlier if the programme is full, therefore an early application is advised). Applications open on the 16th October 2017.
Entry: Minimum of 2:1 honours or equivalent in a relevant discipline. International students, please note that UCL’s English language requirement for this programme is a ‘Good’ - further details regarding this can be found at the UCL English Language Requirements page.

Programme

MSc Technology Entrepreneurship students at IDEALondon

The MSc Entrepreneurship is designed for students who intend to start and run high impact, innovative businesses.

Right from the start of the programme, you will learn the skills and gain the tools to start an innovative, high impact, new business.

From the first few weeks, you will be interviewing prospective customers, learning how to do ‘rapid prototyping’, using the tools of ‘lean’ entrepreneurship, and pitching new ideas. Using UCL’s networks and reputation as a starting point to access London’s thriving entrepreneurship scene, you will find or develop a founding team and learn how to raise investor finance, or ‘bootstrap’ your business.  

This course was the first of its kind in Europe, for its single-minded focus on giving you the knowledge, skills, and network to start up a business successfully. We pride ourselves on our rate of successful start-up creation, and every year work to launch more successful start-ups.

On this course, you will find yourself among like-minded students who will be your allies during your studies – and in some cases, the co-founders with whom you will establish your future business.

The latest rankings from the Complete University Guide place UCL School of Management 3rd in the UK for Business and Management Studies.

In summary, this course is suitable for anyone who:

  • Wishes to start a business now. We can help you with the development of your idea and introduce you to the London business community.
  • Wishes to start a business at a later date, possibly in your home country if a foreign student. We can teach you the skills of researching and developing business ideas.

If you are not looking to start you own business, you may be better considering our MSc Management programme.

Notes

  • It is possible to take the programme over two years. For 2017/18, around a third of students are part-time, which has allowed them to continue working whilst studying.
  • This MSc is heavily over–subscribed each year and has limited spaces available. You are advised to apply early.  
  • The MSc Entrepreneurship was formerly called MSc Technology Entrepreneurship. The name change has reflected the fact that technology is now a feature of almost every start-up business. The programme content remains the same.

Teaching approach

The course is taught with a ‘learn by doing’ approach. While, like any UCL Masters degree, a rigorous base of research underlies the programme, the emphasis is on supporting students to develop the skills needed to succeed as CEO and/or co-founder of a high impact, innovative business.

Modules are academically testing, require essays and reading key texts, and two of the eight modules include an end-of-year examination.  

However, all coursework is intended to give students an opportunity to develop a start-up, and most of the teaching is collaborative, experiential and driven by ‘build measure learn’ cycles where students take action, analyse, and reflect on the effects caused by that action, and decide on the next action to take.  

The MSc Entrepreneurship teaching team is made up entirely of faculty with experience both of academia and of the world of industry and entrepreneurship, including several active venture capitalists and investors. Several of the teaching team have created and successfully exited from start-ups. As a team, we take enormous pride in our programme and the world-class standard of teaching we offer to aspiring entrepreneurs.  

Beyond the lectures

Students are encouraged to work in a collaborative manner in a positive, friendly and dynamic environment. Additional training workshops, such as in presentation skills, are provided – the aim is to build up the skills and personal confidence of each student over the course of the year. See our YouTube channel for videos of our student pitching events.

During 2016/17, at least 5 students won pitching and hackathon events, held both at UCL Innovation & Enterprise (see below) and across London.

Throughout the programme, we build in opportunities to connect with experienced, highly engaged mentors who, like our teaching team, are seeking to share their experience and wisdom with the next generation of entrepreneurs.

Students also have the ability to organise treks to visit other start-up ecosystems, which typically travel at the beginning of Term 3. Past treks have visited Tel Aviv and Silicon Valley. Please see our YouTube channel for videos of the trips. Note a place on these Treks is not guaranteed and they are student self-funded.

Student diversity

We are proud that our programme is particularly diverse in terms of student backgrounds, and the typical make up of a student cohort each year will be as follows:

  • Size of 70-75 students.
  • Approximately one-third of students from the UK (with a significant proportion part-time).
  • Approximately two-thirds of students from the EU and the rest of the world.
  • Ages range from 22 to 40+, with an average age of around 27.
  • At present, around 40% of our students are female. We are proud of this support for female entrepreneurship and our aspiration remains for a 50:50 male/female balance.

This mix of age, experience, and cultures has proved to be extremely powerful in creating a positive working atmosphere and innovative teams.

Pathways

All students select one of four specialist pathways, aimed at giving domain-specific knowledge, networks, and skills.

Fintech – for students with a background in the financial services industry who intend to develop a fintech start-up, in the world’s financial and fintech capital.

Health Care – for students who intend to develop a health care based start-up in a University which boasts one of the world’s leading medical schools and Faculties of Life Sciences, Brain Sciences and Population Health Sciences, in the heart of London, where NHS innovation units and start-up accelerators are multiplying.

Retail and Consumer – for students who intend to develop consumer services and products in Europe’s leading capital of the fashion, design, video gaming, food, retail, advertising, media, education, publishing, music, and creative, industries. 

Technology – for students who intend to develop high impact services and products which take advantage of emerging technologies or emerging business models enabled by technology (such as platforms).  

Students select their chosen Pathway during Term 1, and it is taught in Term 2.

Programme structure

The programme structure comprises:

Term 1: late September-December 2018

Term 2: January-March 2019

Required:

MSING007: Entrepreneurial Finance

MSING010: Building High Impact Ventures

MSING037: Customer Development and Lean Start-up

MSING038: Prototyping

Required:

MSING016: Strategic Management of Entrepreneurial Ventures

MSING009: Managing the Growing Firm

MSING058: Entrepreneurial Marketing and Analytics

Pathway Electives (choose one):

MSING043:  Fintech Entrepreneurship

MSING044:  Health Care Entrepreneurship

MSING045:  Retail and Consumer Entrepreneurship

MSING057:  Technology Entrepreneurship

Term 3: April-September 2019          MSINGT99: Dissertation

In Term 3, and up to early September 2019, students will develop a dissertation project with a supervisor from the MSc Entrepreneurship teaching team. The project allows those who are starting up immediately to work full time on developing their start-up, and those who are not starting up immediately to conduct field, research-based, investigations of the desirability, feasibility, and viability, of a business opportunity. The dissertation project is documented in a 10,000 – 12,500 word report.

Part-time students should note:

  • Students take two modules per term (instead of four for full-time students). These modules are taught during the daytime on separate days of the week.
  • The modules are taught in a specific order, with the pathway chosen in the second year.
  • Students will need to have a level of work flexibility (if employed) in order to cope with the School’s timetable.
  • The dissertation project is undertaken in Term 3 of the second year, hence there will be limited activity during Term 3 of the first year. 

Further details about part-time study are available on request.

Location

The UCL School of Management is located at Level 38, One Canada Square, Canary Wharf, London’s global business district. The above photo is one of the many exciting views from this prestigious location. The quality of our lecture theatres at Canary Wharf are outstanding and have been described by guests as some of the best in the UK. In addition, all facilities at our Bloomsbury campus will be available to students.

Many networking and collaboration events, and some teaching will also take place in Bloomsbury, or at UCL Innovation & Enterprise facilities BASE KX, and IDEALondon in Shoreditch.  

London was recently identified as the third best city in the world in which to study by QS Top Universities on criteria such as student mix, quality of living, opportunities, and affordability.

Find out more

Each year we hold open evenings where prospective students can come and see our Canary Wharf campus, and meet some of the teaching team and current students. The next events are on:

21 February 2018 at 18:00

7 March at 2018 at 18:00

Registration for these events is now open.

We also hold a web-based version of this event. Date to be advised.

Applications

Application Requirements

This programme is designed for entrepreneurs who wish to start their own business.

We require a minimum of an upper second-class Bachelor’s degree from a UK university, or an overseas qualification of an equivalent standard (see international students qualification equivalents).

Together with the academic requirements, applicants normally must have:

  • Demonstrated interest in pursuing an entrepreneurial venture or career and must have undertaken entrepreneurial activities, not simply aspire to entrepreneurship.
  • In excess of two years’ work experience.

Under certain circumstances, candidates with an exceptional entrepreneurial background, but not meeting the above criteria, may be considered.

For more information or clarification on the above, email mgmt-te@ucl.ac.uk

How to Apply

Applications for the 2018/19 academic year are now open.

If you would like to apply for a place starting in September 2018, please apply online.

If English is not your first language, you will usually be required to take an IELTS test and reach the ‘good’ level. To find out whether you need to take the test or not, please review UCL’s English Language requirements. (http://www.ucl.ac.uk/prospective-students/graduate/life/international/english-requirements)

UCL Admissions assess whether overseas degree qualifications fulfil the course requirements and they require a full application to be submitted with all relevant supporting documentation - such as degree transcripts and references - before they can make this assessment.

All enquiries about submitted applications should be directed to the UCL Admissions Department, and not to UCL School of Management.

UCL Admissions’ preferred method of communicating with applicants is by telephone using +44 (0)20 7679 7742 or 7381 rather than by email. However, they can be emailed too: admissions@ucl.ac.uk.

Interviews

If you are successfully shortlisted for a place on the course you will be interviewed by the Programme Director using the online video system WePow - via the internet

Fees

2018/19 fees are as follows:

UK/EU

£12,380 (FT) or £6,190 (PT)

Overseas

£26,670 (FT) or £13,350 (PT)

For funding information, please take a look at the UCL fees and funding pages.

UCL also has guidance on how and when to pay fees.

Course Dates

One Year Full-Time:

24 September 2018 - 24 September 2019

There is only one intake per year, which is in September at the beginning of the UCL academic year. In the first week, new students take part in a dynamic range of induction events. Unlike some UCL Masters degrees, we do not operate a January intake.

Two Years Part-Time:

Part-time students attend formal sessions at UCL just two half-days per week. Part-time students are able to learn and engage with the vibrant UCL entrepreneurship community whilst building a new venture or working.   

Scholarships and Bursaries

  • The Fulbright Commission Award for a US graduate student to study MSc Entrepreneurship. For further information, please see Fulbright US to UK.

For UCL additional funding opportunities, please see scholarships and funding.

Innovation and Enterprise

UCL Innovation & Enterprise is UCL’s centre for entrepreneurship. Through UCL Innovation & Enterprise, students will be able to:

  • Attend inspiring weekly guest lectures delivered by leading business people and successful entrepreneurs. 
  • Compete in the London Entrepreneurs Challenge, the China UK Challenge, and the Bright Ideas Award.
  • Network across the UCL’s world-leading Faculties of Engineering, Arts & Humanities, Brain Sciences, Life Sciences, Medical Sciences and the Bartlett, UCL’s Faculty of the Built Environment, to find fellow entrepreneurs and potential collaborators and co-founders.
  • In Summer 2018, take part in the UCL Innovation & Enterprise Idea Accelerator.
  • On graduation, many student start-ups continue their journey in the Hatchery. Others, at a stage where they have raised initial funding, continue at BASE KX, or IDEALondon, within UCL Innovation & Enterprise, or at Seedcamp, Techstars, Barclays Techstars, or Wayra outside it.

Learn more

Follow them on Twitter: @UCLEnterprise

Like them on Facebook: UCLEnterprise

Join them on LinkedIn: UCL Innovation and Enterprise

Entrepreneurship in London  

Image courtesy of TechCityUK.com

London is one of the world’s leading centres of entrepreneurship, with a unique access to talent, expertise, and capital. There are numerous accelerator programmes within this entrepreneurial ecosystem which provide opportunities for early capital and mentoring for suitable start-up ideas.

Our teaching team and mentors have strong connections across this ecosystem and are able to make introductions and provide extensive guidance to our students help them on the start-up journey.

The MSc Entrepreneurship global community

The MSc Entrepreneurship is a lifelong community.  Our alumni continue to participate in the UCL ecosystem, and increasingly are hiring our graduates.  

Approaching half of the graduating students will continue to develop their start-up rather than seek employment.  However, others will want to secure additional work experience before starting their ventures.

MSc Entrepreneurship Start-Ups

Many of our alumni have gone on to build fantastic companies. You can keep up-to-date with activity by keeping an eye on our news pages.

Here are some examples of MSc Entrepreneurship alumni activity:

  • Jan Senderek sold his start-up, Loom, to Dropbox; his personal share of the proceeds was over €1m.  
  • Marcin Piatkowski raised £160,000 from crowdfunding site Crowdcube to launch his innovative chainless aluminium electric folding Jivr Bike - as reported in media such as The Daily TelegraphTech City News and Bike Biz, and his subsequent Kickstarter was oversubscribed by 80%.  
  • Alex Siljanovski, Manuel Zapata and Laura Davies launched BaseStone, an integrated platform and mobile app that enables engineers and architects to securely issue, review and manage their drawings. BaseStone is rapidly receiving a huge amount of interest and a number of awards within the construction industry, is working with the world’s leading construction businesses and has secured $700k in investment so far.
  • Rodrigo Martinez founded WePow and has grown the business hugely, raising over $5m in investment.
  • Joyce and Raissa Haas founded Double Dutch Drinks, which is growing rapidly, and recently won Richard Branson’s foodpreneur awards.
  • Karoline Gross founded the adtech company Smartzer and raised a $400k seed round to grow the business just after graduation. 
  • Paul Varga and Tolulope Ogunsina founded Playbrush and conducted a successful Kickstarter campaign for Christmas 2015.
  • Michael Langguth and Oyvind Henriksen founded Poq Studio and recently raised $500k in crowdfunded equity to fuel its growth.

In total there are now more than 500 alumni from the MSc Entrepreneurship programme.

Other Entrepreneurial Careers

We are also very proud of those graduates who have gone on to exciting careers, using the innovation skills they have gained to make a difference for the organisations where they work.  

In particular, we have begun to see alumni take on vital positions within the London tech entrepreneurship ecosystem, supporting other start-ups:  Magdalena Kron at the Barclays Techstars accelerator, Nick Slater at Capital List, Markus Gnirck and Cilia Li at Start-upbootcamp Fintech.  Other alumni work at tech firms such as Rocket Internet, Skimlinks, Justpark, Give Truly, Movinga, Apppli, Tradedoubler, Pager, Snip and Share, Dropbox, Webgains, and Amazon. 

Other MSc Entrepreneurship graduates are employed at:  Accenture Consulting and Technology, AIG, Astbury Marsden Consultants, Barclays Capital, BHP Billiton, Bloomberg Business & Financial News, BNY Mellon Banking, Boston Consulting Group, CHP Consulting, CITIC Group, Creative Consulting, Deloitte Consulting & Corporate Finance, E-Synergy, EDF Trading, Elexon, Ernst & Young, Evian, Fonterra, France Telecom (Orange), GreySpark Partners, IBM, KPMG, Lighthouse Analyst Relations, Novartis Pharmaceuticals, NTT Communications, Omnicom, Pegatron, Pepsico, Poten & Partners, PwC, Saatchi & Saatchi, Schneider Trading, SKIM Healthcare, TNS Global Market Research, UBS, Volkswagen Group, Wonder Auto Technology, ZenithOptimedia Investment Marketing.

As an MSc Entrepreneurship student, you will have access to a bespoke Careers and Employer Engagement programme and a dedicated careers team who will help you present yourself to graduate employers with confidence, should you wish.

Our portfolio of careers support includes:

  • Individual career coaching sessions with a Careers Consultant dedicated to the School of Management
  • Exclusive industry insight sessions and employer-led events accessible only by School of Management students to inform your career choices
  • Access to UCL School of Management alumni keen to support you with your career

For further information on the Careers provision for UCL School of Management, please see our Careers page.

In addition to the bespoke activities within the School of Management, you also have access to the central UCL Careers provision.

Frequently Asked Questions

What are the term dates for 2018-2019?
Please see UCL term dates.
I am an international student, how can I find out what the degree equivalency is for my home institution?
I am currently studying and do not have my final results yet, should I wait to receive my transcript before applying?
If your predicted final results meet our minimum entry requirements, you can apply before receiving your final degree results. You should include details of your predicted results on your application form, and an official transcript of your results so far. If we are able to make you an offer of study, it will be conditional and you will need to prove that you meet the condition before the beginning of the course.
How can I apply?
Applications for September 2018 open on the 16th October 2017. Applications will close on the 31st May 2018 (we may close earlier than this if we are full, so an early application is advised). Applications are made via this link.
How can I get help with the online application form?
UCL Admissions process applications before they are sent to the School for a decision. If you need help with your online application you can call the admissions team on +44 (0)207 679 7381 / 7742, or email them: admissions@ucl.ac.uk
How long should my Personal Statement be?
There is no set length but you should outline your suitability for the course, entrepreneurial experience and ambitions in a clear and succinct manner. Most applicants tend to write 1.5 to 2 pages of A4. Further details can be found here.
Do I need technical skills, such as coding, to undertake this course?
No. For full details of the admissions requirements, see Student Profile, above.  Students with a business background are considered on the basis of their demonstrated entrepreneurial capabilities.
I come from a family with a successful business and I want to take over running the business in future. Is this course suitable for me?
The course, its modules and the dissertation project, are specially focused on developing a new startup venture, using lean tools such as a minimum viable product, prototyping and startup marketing. Therefore, although the skills we teach are valuable in any 21st century career, normally we do not advise students whose ambitions are to take up a management role in an existing family business to apply.
How many referees do I have to provide and can they be employers as well as academic referees.
Two referees, and yes they can be employers. Further details can be found here.
My referees are unable to provide references electronically; can I provide hard copy reference letters?
Yes, you can post hard copies to the UCL Admissions Office. These will then be attached to your application form. Please make sure the course and your application number are clearly stated.
How long is the course and what are the term dates?
The course lasts for a full calendar year from September to September. Teaching finishes at the end of Term Two, allowing students to prepare for exams and the dissertation project.
Can you send me an application form for the programme?
UCL does not accept paper applications.
Can I enrol in the programme part-time?
Yes, you can study over two years part-time rather than one year full-time. Part-time study is an increasingly popular option.
Where can I find out about UCL accommodation?
Please see student accommodation for details of accommodation available at UCL.
Can I obtain a scholarship, assistantship or some other form of funding?
What are the language requirements for the programme?
We strictly adhere to UCL’s English Language Proficiency Requirements for postgraduate programmes, which are evaluated by UCL Registry and Academic Services (see above).
My application has been unsuccessful. Can I find out why and request to be reconsidered?
Unfortunately we are unable to give details as to why individual applications have been unsuccessful. We cannot reconsider decisions due to the high volume of applications.

Last updated Wednesday, 29 November 2017