The MFA in Fine Art is a studio-based, research-centred programme with a critical studies component, supported by studio-led seminars arising from the creative and critical interests of students and staff. Students are admitted into one of three subject areas: Painting, Sculpture or Fine Art Media, which includes electronic media, photography, print, film and video. The MFA programme provides an intellectual and creative environment in which talented fine art graduates may develop their individual potential as professional artists and researchers in their chosen studio area; whilst developing a critical awareness of the broadening intellectual and cultural contexts of fine art.

The programme aims to develop students' individual potential in the field of fine art. It also provides an excellent foundation for further doctoral research. The Graduate Degree Shows are attended by artists, gallerists, curators, critics and collectors, and provide a high-profile entrance to the professional art world. Recent graduates have established international careers as professional artists, receiving important commissions, gaining gallery representation, winning major prizes and residencies, as well as developing new artist-led initiatives. Others have roles in related careers, for instance, curation, museum and gallery management and education, worldwide.

The Slade provides graduate students with opportunities to enhance existing skills and to learn new techniques, in the context of developing their individual creativity, in preparation for careers as practising artists and within related fields. Outside of UCL the Slade has an established partnership with Camden Arts Centre, which offers an international summer studio programme, working with professionals in the field of art. In addition, there are several studio residency awards to help launch graduate students, including the annual Red Mansion Art Prize of a residency in China and an annual competition for residencies at the Academy of Visual Arts, Hong Kong Baptist University, China.