Key information

Duration: 1 year full-time
Start date: October 2017
CampusSouth Kensington
ECTS: 90 credits

Course Director
Dr Tom Cass

Open to applications
View entry requirementsApply now


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.

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 modules

You choose five modules from below.

  • Advanced Methods in Derivative Pricing
  • Convex Analysis and Optimization
  • Data Analysis and Machine Learning
  • Elective options from London Graduate School in Mathematics and Finance*
  • Functional Analysis*
  • Introduction to Partial Differential Equations*
  • Path-dependent Partial Differential Equations
  • Simulation Methods for Finance
  • Stochastic Calculus
  • Stochastic Differential Equations
  • Stochastic Processes

* Modules marked with an asterisk (*) cannot be taken for credit

Research project

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


  • Lectures
  • Major Research Project
  • Problems classes
  • Seminars
  • Subject-specific reading groups
  • Scientific writing
  • Scientific presentation
  • Tutorials


  • Assignments
  • Coursework
  • Dissertation
  • Literature review
  • Oral presentation
  • Project plan
  • Reports
  • Written examination

Tuition fees and funding

The level of tuition fees you pay is based on your fee status, which we assess based on UK government legislation.

For more information on the funding opportunities that are available, please visit our Fees and Funding website.

Tuition fees

Tuition fees (Home and EU students)

2017 entry

Tuition fees (Islands and Overseas students)

2017 entry

Postgraduate Master's loan

If you are a Home or EU student who meets certain criteria, you may be able to apply for a Postgraduate Master’s Loan of up to £10,000 from the UK government. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.


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.

There are a number of external organisations also offer awards for Imperial students, find out more about non-Imperial scholarships.

Accommodation and living costs

Living costs, including accommodation, are not included in your tuition fees.

You can compare costs across our different accommodation options on our Accommodation website.

A rough guide to what you might expect to spend to live in reasonable comfort in London is available on our Fees and Funding website.


We welcome students from all over the world and consider all applicants on an individual basis.

For advice on the requirements for the qualifications listed here please contact the Department (details at the bottom of this page).

We also accept a wide range of international qualifications. If the requirements for your qualifications are not listed here, please see our academic requirements by country page for guidance on which qualifications we accept.


Minimum academic requirement

2:1 Honours degree in mathematics or a related subject, such as engineering or physics.

International qualifications

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 then please contact the relevant admissions team.

English language requirement (all applicants)

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.

How to apply

All applicants must apply online.

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 courses don't have a formal closing date, but popular courses close when they are full, so you should apply early to avoid disappointment. There may also be funding deadlines that apply to you.

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.

For full details on the online application process, or to start your application, please visit the How to Apply section of our website.

ATAS certificate

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.

Further information

Equation on blackboard

Contact us


Imperial students

Applying for your visa

Visit the International Student Support website for information on applying for a visa.

Imperial students


Use our search tool to find scholarships from Imperial, plus non-Imperial scholarships.