PhD Financial Mathematics / Programme details

Year of entry: 2022

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Programme description

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

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

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 .


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

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