(including share of joint ventures) of £722.5 million (2022/23 – £678.8 million) and total expenditure of £531.3 million (2022/23 – £603.3 million). Key sources of income included £396.8 million from tuition fees and education contracts (2022/23 – £382.9 million), £147.2 million from research grants and contracts (2022/23 – £138.2 million), £86.9 million from funding body grants (2022/23 – £87.2 million) and £23.7 million from endowment and investment income (2022/23 – £16.7 million).
At year end Queen Mary had endowments of £48.0 million (2022/23 – £43.7 million) and total net assets of £856.5 million (2022/23 – £662.7 million).
Queen Mary offers several packages of bursaries and scholarships, many of which are aimed at supporting undergraduate students from low income households. In 2017/18, 5,215 students were awarded a Queen Mary Bursary worth £7,724,401, 53 students received Science and Engineering Excellence Scholarships worth £157,500 and 21 students received Economics and Finance Excellence Scholarships worth £63,000.
== Academic profile ==
Around 32,000 students study at the 21 academic schools and institutes, with more than 40 per cent coming from overseas, representing more than 170 different nationalities. Queen Mary awarded more than £2 million in studentships to prospective postgraduate students for the 2011/12 academic year.
=== Research ===
QMUL was ranked joint ninth in the UK among multi-faculty institutions for the quality (GPA) of its research. In the 2014 Research Excellence Framework it was 20th for its Research Power, fifth in the UK for the quality of research outputs and the Linguistics department was ranked first in the UK.
In the UK Research Assessment Exercise results published in December 2008, Queen Mary was placed 11th according to an analysis by The Guardian newspaper and 13th according to The Times Higher Education Supplement, out of the 132 institutions submitted for the exercise. The Times Higher commented "the biggest star among the research-intensive institutions was Queen …
