MRes Stochastic Processes: Theory and Application

  1. Course Variations
    Nomenclature Duration Mode Of Attendance
    MRes 1Yr FT
    MRes 3Yr PT
  2. Typical offer:
    UK 2:1

Course Overview

Shape

The MRes in Stochastic Processes is delivered through optional modules for the taught element followed by a large research project that contributes to the field in an explicit way, rather than merely applying existing knowledge.

Key Features

The Department of Mathematics hosts one of the strongest research groups in probability theory, especially in stochastic processes, in the UK. The senior members of this group are world leaders in their fields.




Description

Course Content:

As a student on the MRes Stochastic Processes programme you will study a range of topics for the taught element including:
Stochastic Calculus based on Brownian Motion

  • Levy processes and more general jump processes
  • The advanced Black-Scholes theory
  • Theory and numerics of parabolic differential equations
  • Java programming

The course consists of a taught part (60 credits) and a research project (120 credits). Students will have a personal supervisor for their research project from the start of their studies.

Research projects could be of a theoretical mathematical nature, or they could be more applied, for example in financial mathematics or actuarial studies. Some of the research projects will be of an interdisciplinary character in collaboration with some of Swansea's world class engineers. For such projects it is likely that EPSRC funding would be available.


Entry Requirements

A 2:1 Honours degree or equivalent in Mathematics, Computer Science or Engineering.

IELTS 6.0 (with a minimum of 5.5 in each component) or equivalent English test.

International students:  please visit our International pages for information on entry requirements for your country:  Africa, South Asia, East Asia, Europe and Russia, Middle East, North America, South America, South East Asia.  If your country is not listed within these regions, please contact international-science@swansea.ac.uk

How To Apply

For all EU/International enquiries please contact:

international-science@swansea.ac.uk

+44 (0)1792 295142

For UK applicants

For International applicants

Or contact: Prof. Eugene Lytvynov

Department of Mathematics
Swansea University
Singleton Park
Swansea
SA2 8PP
Wales
UK

Tuition Fees

Annual tuition fees for entry in the academic year 2017/18 are as follows:

UK/EU International
MRes Full-time £4,200 £15,300
MRes Part-time £2,100 £7,600

Tuition fees for years of study after your first year are subject to an increase of 3%.

You can find further information on fees and how to pay on our tuition fees page.

Note: The UK/EU fee is indicative pending confirmation from RCUK.

You may be eligible for funding to help support your study. To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

International students and part-time study: If you require a Tier 4 student visa you must be studying full-time. If you are in the UK under a different visa category, it may be possible for you to study part-time. Please see our part-time study and visas page for more information.

Current students: You can find further information of your fee costs on our tuition fees page.

Additional Costs

The tuition fees do not cover the costs of purchasing books or stationery, printing, thesis binding or photocopying costs.

There are no mandatory additional costs specified for this course.

International Entry Requirements

International students:  please visit our International pages for information on entry requirements for your country:  Africa, South Asia, East Asia, Europe and Russia, Middle East, North America, South America, South East Asia.  If your country is not listed within these regions, please contact international-science@swansea.ac.uk

Teaching and assessment

On the course you will be assessed by a combination of written examinations, coursework and a Dissertation.

Student profiles

"Further to my studies at Swansea University as a Master of Science graduate in Financial Mathematics, I am currently working at Deutsche Bank in London as part of the Structured Financial Services team providing client services for corporate lending and debt portfolios. The complex nature of the course has helped me become a logical decision maker and a highly skilled problem solver. These transferable skills are very useful in the world of Finance since the role is highly challenging working towards deadlines and structured transaction targets. My studies at Swansea University have also enriched me with leadership, motivational skills and have enhanced my communication skills. I work in a close team of 10 people within a large department which encourages a culture that strives towards learning and effective teamwork. I thoroughly enjoyed my time at Swansea University and cherish the many fond memories. I am so pleased to be expanding my horizon within a major financial centre."

Rhian Ivey, BSc Mathematics 2006, MSc Mathematics and Computing for Finance 2008

Read our student profiles

Facilities

The Aubrey Truman Reading Room, located in the centre of the Department of Mathematics, houses the departmental library and computers for student use. It is a popular venue for students to work independently on the regular example sheets set by their lecturers, and to discuss Mathematics together. 

Our main university library, Information Services and Systems (ISS), contains a notably extensive collection of Mathematics books.

 

Careers

The ability to think rationally and to process data clearly and accurately are highly valued by employers. Mathematics graduates earn on average 50% more than most other graduates. The most popular areas are the actuarial profession, the financial sector, IT, computer programming and systems administration, and opportunities within business and industry where employers need mathematicians for research and development, statistically analysis, marketing and sales. 

Some of our students have been employed by AXA, BA, Deutsche Bank, Shell Research, Health Authorities and Local Government. Teaching is another area where maths graduates will find plenty of career opportunities.

Find out more about employability.

 

Research

The results of the Research Excellence Framework (REF) 2014 show that our research environment (how the Department supports research staff and students) and the impact of our research (its value to society) were both judged to be 100% world leading or internationally excellent.

All academic staff in Mathematics are active researchers and the department has a thriving research culture. Find out more.

Fees and Funding

The College of Science is offering scholarships for overseas students from China, India and Nigeria. To find out more visit - http://www.swansea.ac.uk/science/postgraduatescholarships/collegeinternationalscholarships/

or

http://www.swansea.ac.uk/postgraduate/fees-and-funding/