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Probability and Stochastic Analysis, Ph.D.

  • Anytime
    Application Deadline
  • 36 months
    Duration
University rank #20 (QS) ,
The Probability and Stochastic Analysis research group from The University of Edinburgh operates in what is perhaps the most widely applied area of mathematics. The financial sector, in particular, is a major focus of our research, and graduates with the right research experience can make their way into highly rewarding roles in industry.

About

As part of our small, specialised group, you'll enjoy a research environment that features a balance between theory and practice, access to one of the most powerful computing facilities in the UK and strong links with relevant industries.

The School of Mathematics is a vibrant community of more than 60 academic and related staff supervising 60 students.

Our research focuses on the following themes:

  • stochastic differential equations and stochastic partial differential equations (PDEs) and their applications in nonlinear filtering and stochastic control
  • applications of stochastic analysis of PDEs, stochastic PDEs and stochastic differential equations (accelerated numerical methods in particular)

We’re also involved in the applications of probability theory, mainly to mathematical finance, particularly stochastic volatility models, equivalent martingale measures and incomplete markets. Other applications include engineering, signal procession and biological sciences.

Career opportunities

Many of the Probability and Stochastic Analysis graduates from The University of Edinburgh take up lucrative positions with high-profile financial companies. A large number also pursue careers in academia, while others apply their skills in engineering or biological sciences.

Detailed Programme Facts

  • More details: We encourage you to apply at least one month prior to entry so that we have enough time to process your application.
  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 36 months
    Part-time
    • Average part-time duration 72 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

With the financial sector being the major commercial employer of our graduates, our involvement with the Scottish Financial Risk Academy, established in conjunction with Heriot-Watt University, offers valuable industry links and training.

You can benefit from short project internships with leading financial institutions, visits from leading risk scholars, and a series of knowledge exchange courses and events.

As part of the Probability & Stochastic Analysis group you will have access to the training activities provided by Mathematical Analysis & its Applications (MIGSAA).

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score:

    92

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

A UK first class honours degree, or its international equivalent, in an appropriate subject; or a UK 2:1 honours degree plus a UK masters degree, or their international equivalents; or relevant qualifications and experience.

Tuition Fee

  • International

    19000 GBP/year
    Tuition Fee
    Based on the original amount of 19000 GBP per year and a duration of 36 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Home/EU fees have still to be agreed

PhD part-time fees

  • Overseas: £9,500

Living costs for Edinburgh

  • 725 - 1170 GBP/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

  • School of Mathematics Studentships
  • Principal's Career Development PhD Scholarships
  • Research Scholarships for international students

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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