MRes Stochastic Analysis and Mathematical Finance
ECTS: 90 credits
Start date: October 2017
Duration: 1 year full-time
Location: South Kensington
This course is now open to applications for 2017 entry.
This course provides a high-level training in research in Stochastic Analysis and Mathematical Finance, equipping you with skills to begin tackling contemporary research problems in these areas.
About the course
This 12-month course provides training in mathematical research. It aims to give students important preparation for higher-level research, including PhD studies.
It is focused on two areas of mathematics which are of very high importance, both academically and to society:
- Stochastic Analysis
- Mathematical Finance
These are areas in which Imperial has established strengths. The programme you follow has been carefully tailored to equip you with skills to begin tackling contemporary research problems in these areas.
Modules shown are for the current academic year, and are subject to change depending on your year of entry.
Taught component (25%)
You choose five modules from below - three are assessed and taken for credit, while the other two modules are not assessed and not taken for credit.
- Advanced Methods in Derivative Pricing
- Advanced Topics in Stochastic Analysis: Regularity Structures
- Convex Analysis and Optimization
- Dynamic Portfolio Theory
- Elective options from London Graduate School in Mathematics and Finance*
- Functional Analysis*
- Introduction to Partial Differential Equations*
- Levy Processes: Theory and Applications
- Markov Processes
- Simulation Methods for Finance
- Stochastic differential equations
- Stochastic Integrals: An Introduction to Ito Calculus
- Stochastic Processes
* Modules marked with an asterisk (*) cannot be taken for credit
Research project (75%)
You will spend much of the year working on a research project in your chosen area. This project will account for more than half of your work in the year. Although this project must be separate from a subsequent PhD, your PhD would normally lead on naturally from this work.
To support you in your project work, you will also receive training in research skills. This includes:
- a lecture on 'Reading Scientific Literature'
- subject-based reading groups
- seminar programmes
- exercises in scientific writing and scientific presentation
- short courses offered by the Graduate School
Teaching and assessment
- Major Research Project
- Problems classes
- Subject-specific reading groups
- Scientific writing
- Scientific presentation
- Literature review
- Oral presentation
- Project plan
- Written examination
Minimum academic requirement
2:1 Honours degree in mathematics or a related subject, such as engineering or physics.
The academic requirement above is for applicants who hold or who are working towards a UK qualification.
We also accept a wide variety of international qualifications. For guidance see our Country Index though please note that the standards listed here are the minimum for entry to the College.
If you have any questions about admissions and the standard required for the qualification you hold or are currently studying for then please contact the relevant admissions team.
English language requirements
All candidates must demonstrate a minimum level of English language proficiency for admission to the College.
For admission to this course, you must achieve the standard College requirement in the appropriate English language qualification. For details of the minimum grades required to achieve this requirement, please see the English language requirements for postgraduate applicants.
Fees and funding
Home and EU students
Islands and overseas students
The level of tuition fees you pay is based on your fee status, which we assess based on UK government legislation.
If you are a Home or EU student who meets certain criteria, you can apply for a Postgraduate Master’s Loan of up to £10,000 from the UK government for programmes beginning in October 2016. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.
Funding from Imperial
We offer a range of scholarships for postgraduate students to support you through your studies. Try our scholarships search tool to see what you might be eligible for.
For more information on the Postgraduate Master's Loan scheme and other funding opportunities that are available, please visit our Fees and Funding website.
How to apply
All applicants must apply online.
For full details on the online application process, or to start your application, please visit the How to Apply section of our website.
You can usually apply for up to two courses, although your second choice will only be considered if your first-choice application is unsuccessful.
Most of our postgraduate courses don't have a formal closing date, but popular courses close when they are full. We therefore recommend applying early to avoid disappointment, especially students who will also be applying for funding or applying for a visa.
You will need to upload documents with your applications, which may include transcripts and degree certificates.
Offer holders will need to pay a deposit to secure your place. This will be deducted from the balance of your tuition fees.
An ATAS certificate is required for overseas students applying for this course. Your Tier 4 visa application, or extension of stay, will automatically be refused if you need an ATAS certificate and cannot provide one.
For further guidance on obtaining an ATAS certificate please see the information on our International Student Support team website.