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Financial Mathematics PhD

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Degree awarded: Doctor of Philosophy

Duration: 36 Months [Full-Time]

Entry requirements: Applicants would usually be expected to have a 1st or upper 2nd class honours degree at undergraduate Masters level or an MSc Merit or Distinction (or an equivalent overseas qualification) in a mathematical subject. In some research areas a background in physics, engineering or computer science is also acceptable.

Course fees: For entry in the academic year beginning September 2013, the tuition fees are as follows:

PhD (full-time)
UK/EU students (per annum): £3,900
International students (per annum): £16,500
PhD (part-time)
UK/EU students (per annum): £1,950
International students (per annum): £8,250

Please note for the majority of projects where experimentation requires further resource: higher fee bands (where quoted) will be charged rather than the base rate for supervision, administration and computational costs. The fees quoted above will be fully inclusive and, therefore, you will not be required to pay any additional bench fees or administration costs.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of the course for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees. Always contact the department if you are unsure which fee applies to your project.

Scholarships/sponsorships:

Together with EPSRC and other national funding sources, the School currently provides financial support to some 60 postgraduate students every year. EPSRC DTA research studentships are available in all areas for UK and EU students. Students who are normally resident in the EU but not in the UK are eligible for EPSRC PhD studentships, but the awards in such cases currently cover only the course fees, not maintenance stipends.

I addition, about eight School scholarships are also available each year to PhD students. PhD students may also have the opportunity to help in teaching undergraduate examples classes, for which they are paid.

For details of all available awards, please visit the School's website.

Academic department: School of Mathematics

Contact email: pg-maths@manchester.ac.uk

Contact telephone: +44 (0)161 275 5802

How to apply: Apply online

Course options

	Full-time	Part-time	Full-time distance learning	Part-time distance learning
PhD	Y	Y	N	N

Course description

Opportunities for PhD research are available in a wide range of topics in Probability and Statistics. For some of the available areas of possible PhD or M.Phil research see the current Probability and Statistics research areas. For more details about the specific projects, please contact the relevant individual members of staff or get in touch with the Probability and Statistics Postgraduate Admissions Tutor .

Students may enter our graduate programme in Statistics by initially taking our taught M.Sc. course over 1 year. This, subject to satisfactory progress, can lead to admission to the PhD programme.

Open days

We will be holding a Postgraduate Open Day in the School of Mathematics, Alan Turing Building. For more information and registration details, please visit School website.

Full entry requirements

Academic entry qualification overview: Applicants would usually be expected to have a 1st or upper 2nd class honours degree at undergraduate Masters level or an MSc Merit or Distinction (or an equivalent overseas qualification) in a mathematical subject. In some research areas a background in physics, engineering or computer science is also acceptable.

English language:

Students whose first language is not English require a minimum score of IELTS 6.5 with 6.0 in writing and no module less than 5.5 (or a recognised equivalent qualification).

Students should normally have a minimum of IELTS 5.0 or equivalent prior to application.

Other international entry requirements: We accept a range of qualifications from different countries. For these and general requirements including English language see entry requirements from your country.

Deferrals

Admissions staff will decide whether to offer places to applicants for deferred entry on their courses and you should not assume that they will grant all such requests. If you request deferral for more than one year, you would normally be required to re-apply, as your chosen course, and your suitability for it, would change over time. English Language test results can only be considered to be current for two years from the test date.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.If you are applying for a place for the same year of entry through UCAS Extra, you should provide additional evidence of your suitability for the course. If you are applying through clearing you are required to meet the clearing requirements. In both UCAS Extra and clearing the places will be subject to availability.

Facilities

The School of Mathematics is the largest in the UK with an outstanding research reputation and facilities.

Disability support

Practical support and advice for current students and applicants is available from the Disability Support Office. Email: disability@manchester.ac.uk

Academic department

School of Mathematics

Academic department overview

See: School of Mathematics

Related research

The Probability and Statistics group comprises 16 members of staff and has an international reputation for its research with 20% of its activity rated `world leading' in the RAE 2008 (the group's research activity in Probability was flagged as 5* in the RAE 2001).

Mathematical Finance is a very active branch of Probability Theory and Mathematics in general. It is probably one of the few areas in academic research which interact constantly with their field of application and with a huge impact on the daily functioning of the world's financial institutions.

There is a long tradition of Probability and Statistics at Manchester - the chair in Mathematical Statistics is one of the oldest established chairs in the UK. Previous members of staff include such well known names as Bartlett, Cane, Gani, Laycock, Papangelou, Parthasarathy, Priestley, Subba Rao and Whittle.

PhD and MPhil supervision is provided in all areas of research of the group. This includes three main areas of specialisation (listed alphabetically): (i) Financial Mathematics; (ii) Probability; (iii) Statistics. A partial list of current research topics can be found here.

Contact details

Telephone: +44 (0)161 275 5802

Facsimile: +44 (0)161 306 3669

Email: pg-maths@manchester.ac.uk

Website: www.maths.manchester.ac.uk/postgraduate/pgadmission/