• Financial Mathematics

Financial Mathematics Scholarships for International Students

Great News! Financial Mathematics Scholarships for Bachelors, Masters, and PhD programs are regularly offered by universities abroad. If you are a student of Financial Mathematics and are looking for a scholarship that can help you complete a higher education degree in Financial Mathematics, you may apply for any of the scholarships listed here. Remember, these scholarships in Financial Mathematics disciplines may require you to fulfils the admission criteria of the university. Financial Mathematics is an excellent discipline to pursue for a bright career as it has incredible scope and the job industry for Financial Mathematics is demanding more and more professionals. If you are seeking Financial Mathematics undergraduate or postgraduate degree programs without IELTS requirement, it is recommended to apply to Chinese universities or European universities.

University of Melbourne Rhodes Scholarships.

University of Melbourne Rhodes Scholarship 2024 Australia (Fully Funded)

  • Fully Funded
  • University of Melbourne, University of Oxford
  • All Subjects
  • Domestic Students
  • Australia, UK

This is a Graduate scholarships for Domestic Students at University of Melbourne, University of Oxford, Australia, UK. Students interested in All Subjects are advised to apply for University of Melbourne Rhodes Scholarship 2024 Australia (Fully Funded).

Central Washington University (CWU) International Student Scholarships.

Central Washington University (CWU) International Student Scholarships 2024/2025 in USA

  • Partial Funding
  • Central Washington University
  • Bachelor, Masters, PhD
  • International Students

This is a Bachelor, Masters, PhD scholarships for International Students at Central Washington University, USA. Students interested in All Subjects are advised to apply for Central Washington University (CWU) International Student Scholarships 2024/2025 in USA.

Fulbright Australia Scholarships.

Fulbright Australia Scholarships 2024/2025 (Fully Funded)

  • USA Universities
  • Graduate, Research
  • USA, Australia

This is a Graduate, Research scholarships for Domestic Students at USA Universities, USA, Australia. Students interested in All Subjects are advised to apply for Fulbright Australia Scholarships 2024/2025 (Fully Funded).

Massey University PhD Scholarships.

Massey University PhD Scholarships 2024 in New Zealand

  • Partial Funding, Tuition fee
  • Massey University
  • New Zealand

This is a PhD scholarships for International Students at Massey University, New Zealand. Students interested in All Subjects are advised to apply for Massey University PhD Scholarships 2024 in New Zealand.

University of Hamburg Merit Scholarships.

University of Hamburg Merit Scholarships 2025 for International Students in Germany

  • University of Hamburg

This is a Bachelor, Masters, PhD scholarships for International Students at University of Hamburg, Germany. Students interested in All Subjects are advised to apply for University of Hamburg Merit Scholarships 2025 for International Students in Germany.

Karsh International Scholarships.

Karsh International Scholarships 2025 at Duke University in USA (Fully Funded)

  • Duke University

This is a Bachelor scholarships for International Students at Duke University, USA. Students interested in All Subjects are advised to apply for Karsh International Scholarships 2025 at Duke University in USA (Fully Funded).

University of Winnipeg Linda Brown and Vana Kirby Graduate Scholarships.

University of Winnipeg Linda Brown and Vana Kirby Graduate Scholarship 2024 in Canada

  • University of Winnipeg

This is a Graduate scholarships for International Students at University of Winnipeg, Canada. Students interested in All Subjects are advised to apply for University of Winnipeg Linda Brown and Vana Kirby Graduate Scholarship 2024 in Canada.

Knight-Hennesy Scholarships.

Knight-Hennesy Scholarships (KHS) 2025 at Stanford University in USA - Fully Funded

  • Partial Funding, Full tuition fee
  • Stanford University

This is a Graduate scholarships for International Students at Stanford University, USA. Students interested in All Subjects are advised to apply for Knight-Hennesy Scholarships (KHS) 2025 at Stanford University in USA - Fully Funded.

A*Star International Fellowships (AIF) 2025 in Singapore - Fully Funded

A*Star International Fellowships (AIF) 2025 in Singapore - Fully Funded

  • Singapore Universities
  • Fellowship, Post Doctorate

This is a Fellowship, Post Doctorate scholarships for Domestic Students at Singapore Universities, Singapore. Students interested in All Subjects are advised to apply for A*Star International Fellowships (AIF) 2025 in Singapore - Fully Funded.

Gilman-McCain Scholarships.

Gilman-McCain Scholarship 2024/2025 in USA

  • Undergraduate

This is a Undergraduate scholarships for International Students at USA Universities, USA. Students interested in All Subjects are advised to apply for Gilman-McCain Scholarship 2024/2025 in USA.

Malaysian Government MTCP Scholarships.

Malaysian Government MTCP Scholarship 2024/2025 (Fully Funded)

  • Malaysia Universities

This is a Masters scholarships for International Students at Malaysia Universities, Malaysia. Students interested in All Subjects are advised to apply for Malaysian Government MTCP Scholarship 2024/2025 (Fully Funded).

Capital University International Scholarships.

Capital University International Scholarships 2024 in Ohio USA

  • Capital University

This is a Undergraduate scholarships for International Students at Capital University, USA. Students interested in All Subjects are advised to apply for Capital University International Scholarships 2024 in Ohio USA.

Queensland University of Technology (QUT) Equity Scholarships.

Queensland University of Technology (QUT) Equity Scholarships 2024 in Australia

  • Queensland University of Technology
  • International Students, Domestic Students

This is a Bachelor, Masters, PhD scholarships for International Students, Domestic Students at Queensland University of Technology, Australia. Students interested in All Subjects are advised to apply for Queensland University of Technology (QUT) Equity Scholarships 2024 in Australia.

Slovak Government NSP Scholarships.

Slovak Government NSP Scholarships 2025/2026 (Fully Funded)

  • Slovekia Universities
  • Masters, PhD

This is a Masters, PhD scholarships for International Students at Slovekia Universities, Slovakia. Students interested in All Subjects are advised to apply for Slovak Government NSP Scholarships 2025/2026 (Fully Funded).

Malaysian Government Scholarships.

Malaysian Government Scholarships (MIS) 2024/2025 for International Students

  • Full tuition fee
  • PhD, Masters

This is a PhD, Masters scholarships for International Students at Malaysia Universities, Malaysia. Students interested in All Subjects are advised to apply for Malaysian Government Scholarships (MIS) 2024/2025 for International Students.

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Financial Mathematics Research and Study Opportunities

Thousands of study and academic opportunities in Financial Mathematics are available internationally. Conferences and summer schools in Financial Mathematics are organized regularly in the best academic centers of the world. The majority of universities and many foundations also offer BA, MA and PhD programs in Financial Mathematics as wells as postdoctoral research grants, awards and fellowships. Below you will find the updated list of international opportunities available in Financial Mathematics.

Department of Mathematics

Financial mathematics.

A pioneer in its field, the Financial Mathematics Program offers 15 months of accelerated, integrated coursework that explores the deep-rooted relationship that exists between theoretical and applied mathematics and the ever-evolving world of finance. Their mission is to equip students with a solid foundation in mathematics, and in doing so provide them with practical knowledge that they can successfully apply to complicated financial models. Financial Mathematics students become leaders in their field; program alumni have gone forth to find success at companies like JP Morgan, UBS, and Goldman Sachs. Read more

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Financial Mathematics Graduate Programs in America

1-25 of 68 results

MIT Sloan School of Management

  • Cambridge, MA ·
  • Massachusetts Institute of Technology ·
  • Graduate School
  • · Rating 4.9 out of 5   10 reviews

Massachusetts Institute of Technology ,

Graduate School ,

CAMBRIDGE, MA ,

10 Niche users give it an average review of 4.9 stars.

Featured Review: Master's Student says I am an incoming MBA student to MIT Sloan. The application and enrollment process has been incredibly informative. I’ve been able to network with numerous current students and have worked on mapping... .

Read 10 reviews.

Princeton University

  • Princeton, NJ ·
  • · Rating 4.33 out of 5   3 reviews

PRINCETON, NJ ,

3 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says The best part of the Princeton University mechanical engineering graduate degree is the excellent faculty that teach the courses. They are incredibly knowledgeable and also very willing to help... .

Read 3 reviews.

Owen Graduate School of Management

  • Nashville, TN ·
  • Vanderbilt University ·
  • · Rating 4.4 out of 5   5 reviews

Vanderbilt University ,

NASHVILLE, TN ,

5 Niche users give it an average review of 4.4 stars.

Featured Review: Master's Student says I attend my first semester in the fall of 2024. My experience so far has been amazing. I cannot wait until I start my experience. .

Read 5 reviews.

Tulane University

  • Graduate School ·
  • NEW ORLEANS, LA
  • · Rating 4.24 out of 5   38

Bentley University McCallum Graduate School of Business

  • WALTHAM, MA
  • · Rating 4.71 out of 5   21

Lehigh University

  • BETHLEHEM, PA
  • · Rating 4.45 out of 5   20

Olin Business School

  • St. Louis, MO ·
  • Washington University in St. Louis ·
  • · Rating 4 out of 5   7 reviews

Washington University in St. Louis ,

ST. LOUIS, MO ,

7 Niche users give it an average review of 4 stars.

Featured Review: Master's Student says The enrolment process was an absolute pleasure. Being able to sit in on classes and interact with faculty and students was a fantastic opportunity. It gave me a real feel for the academic dynamic and... .

Read 7 reviews.

Chicago Booth School of Business

  • Chicago, IL ·
  • University of Chicago ·
  • · Rating 4.86 out of 5   14 reviews

University of Chicago ,

CHICAGO, IL ,

14 Niche users give it an average review of 4.9 stars.

Featured Review: Master's Student says My academic experience at the Chicago Booth Executive MBA program has been exceptionally enriching. The program's rigorous curriculum, combined with interactive class discussions and real-world case... .

Read 14 reviews.

Marshall School of Business

  • Los Angeles, CA ·
  • University of Southern California ·
  • · Rating 4.71 out of 5   17 reviews

University of Southern California ,

LOS ANGELES, CA ,

17 Niche users give it an average review of 4.7 stars.

Featured Review: Current Master's student says Marshall is a fantastic business program. So far, my academic experience has been nothing short of fantastic. I have never enjoyed school before, but almost every class I have learned new,... Marshall has clubs for almost every industry, so depending on your industry of interest, Marshall has clubs to prepare you for interviews and get you great exposure, and they're a great way to... Marshall is still relatively underrepresented in minority categories like women and people of color, but from my understanding, they are working to improve those numbers. .

Read 17 reviews.

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Whiting School of Engineering

  • Baltimore, MD ·
  • Johns Hopkins University ·
  • · Rating 4.83 out of 5   12 reviews

Johns Hopkins University ,

BALTIMORE, MD ,

12 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says Just starting now but the onboarding process is great! The student orientation was very helpful and the school has an amazing network. .

Read 12 reviews.

The Graduate School of Arts & Sciences - University of Virginia

  • Charlottesville, VA ·
  • University of Virginia ·
  • · Rating 4 out of 5   1 review

University of Virginia ,

CHARLOTTESVILLE, VA ,

1 Niche users give it an average review of 4 stars.

Featured Review: Alum says Very good in some areas, excellent in other areas, many academic choices available in all areas of study .

Read 1 reviews.

College of Sciences - Georgia Institute of Technology

  • Atlanta, GA ·
  • Georgia Institute of Technology ·
  • · Rating 5 out of 5   1 review

Georgia Institute of Technology ,

ATLANTA, GA ,

1 Niche users give it an average review of 5 stars.

Featured Review: Other says Georgia Tech is among the top colleges you can attend. My journey there had its highs and lows, but looking back, every experience contributed significantly to my growth. A piece of advice I'd offer... .

Haas School of Business

  • Berkeley, CA ·
  • University of California - Berkeley ·
  • · Rating 5 out of 5   3 reviews

Blue checkmark.

University of California - Berkeley ,

BERKELEY, CA ,

3 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am a new EWMBA admit at Haas and so far the experience has been fantastic! It's a close-knit community of intellectual, humble, and talented working professionals. The entire team of program directors, admissions officers, etc. are SO willing to help! .

Tandon School of Engineering

  • Brooklyn, NY ·
  • New York University ·
  • · Rating 4.73 out of 5   15 reviews

New York University ,

BROOKLYN, NY ,

15 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says As a bioinformatics master's student at the NYU Tandon School of Engineering, I've had the opportunity to explore the fascinating intersection of biology and computer science. The program has... The faculty at Tandon are experienced and supportive, and I've had the chance to collaborate with fellow students on exciting research projects. The interdisciplinary nature of bioinformatics has... Overall, my experience at NYU Tandon has been enriching, and I look forward to applying the knowledge and skills acquired during my master's program to contribute meaningfully to the field of... .

Read 15 reviews.

Leonard N. Stern School of Business

  • New York, NY ·
  • · Rating 4.82 out of 5   28 reviews

NEW YORK, NY ,

28 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says As a part-time MBA candidate at NYU Stern, I'm deeply impressed by the program's blend of academic rigor and practical application. The faculty, industry leaders in their own right, provide... .

Read 28 reviews.

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Carroll School of Management

  • Chestnut Hill, MA ·
  • Boston College ·
  • · Rating 5 out of 5   2 reviews

Boston College ,

CHESTNUT HILL, MA ,

2 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am currently enrolled in the part time, professional evening MBA program. So far it has brought me to communicate with like minded individuals and the professors truly want to see you succeed so... .

Read 2 reviews.

College of Natural Sciences

  • Austin, TX ·
  • University of Texas - Austin ·

University of Texas - Austin ,

AUSTIN, TX ,

Questrom School of Business

  • Boston, MA ·
  • Boston University ·
  • · Rating 4.29 out of 5   7 reviews

Boston University ,

BOSTON, MA ,

7 Niche users give it an average review of 4.3 stars.

Featured Review: Master's Student says Boston University's MBA program transformed me. Faculty, experts in their fields, nurtured my learning. A diverse student body broadened my perspective. Experiential learning honed skills and... .

College of Liberal Arts & Sciences - University of Illinois

  • Urbana, IL ·
  • University of Illinois Urbana-Champaign ·

University of Illinois Urbana-Champaign ,

URBANA, IL ,

Lally School of Management

  • Rensselaer Polytechnic Institute ·

Rensselaer Polytechnic Institute ,

College of Arts and Sciences - University of Miami

  • Coral Gables, FL ·
  • University of Miami ·
  • · Rating 4.67 out of 5   6 reviews

University of Miami ,

CORAL GABLES, FL ,

6 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says I am in graduate school and needed something online but also wanted something that was going to challenge me and provide me with a step further than my undergrad school provided. I compared many MPA... .

Read 6 reviews.

Dedman College of Humanities and Sciences

  • Dallas, TX ·
  • Southern Methodist University ·

Southern Methodist University ,

DALLAS, TX ,

Tulane University School of Science and Engineering

  • New Orleans, LA ·
  • Tulane University ·

Tulane University ,

NEW ORLEANS, LA ,

Featured Review: Master's Student says I am currently in the materials science and engineering 4+1 program which will allow me to earn my MS in one year instead of two. There are some really amazing professors here despite the department... .

Babson College

  • Babson Park, MA ·
  • · Rating 4.54 out of 5   13 reviews

BABSON PARK, MA ,

13 Niche users give it an average review of 4.5 stars.

Featured Review: Master's Student says So far my academic experience has been good at Babson college. The instructors are available and willing to go out of their way to answer any questions you have and make sure that you are comfortable... .

Read 13 reviews.

College of Science and Engineering - University of Minnesota Twin Cities

  • Minneapolis, MN ·
  • University of Minnesota Twin Cities ·
  • · Rating 4 out of 5   2 reviews

University of Minnesota Twin Cities ,

MINNEAPOLIS, MN ,

2 Niche users give it an average review of 4 stars.

Featured Review: Doctoral Student says I started graduate school at UMN during the height of the COVID pandemic. Despite not being able to go to classes in person or get into the lab, the UMN community has been very inclusive and I have... .

The Ohio State University College of Arts and Sciences

  • Columbus, OH ·
  • The Ohio State University ·

The Ohio State University ,

COLUMBUS, OH ,

Featured Review: Graduate Student says Not a bad place, good reputation but the College is cutting funds every year. Cutting funds within sociales sciences and humanities has been a problem that the college face every year. .

NC State College of Sciences

  • Raleigh, NC ·
  • North Carolina State University ·

North Carolina State University ,

RALEIGH, NC ,

Charles V. Schaefer, Jr. School of Engineering & Science

  • Hoboken, NJ ·
  • Stevens Institute of Technology ·

Stevens Institute of Technology ,

HOBOKEN, NJ ,

Illinois Institute of Technology

  • CHICAGO, IL
  • · Rating 4.38 out of 5   39

College of Business - Lehigh University

  • Lehigh University ·

University of Dallas

  • · Rating 4.11 out of 5   9

Showing results 1 through 25 of 68

phd scholarships in financial mathematics

Mathematics (PHD) – Financial Mathematics Track

Program at a glance.

  • In State Tuition
  • Out of State Tuition

Learn more about the cost to attend UCF.

U.S. News & World Report Best Colleges - Most Innovative 2024

The Financial Mathematics track in the Mathematics PhD program is designed to prepare students for research and leadership positions in industry, government, non-governmental organizations, and academia requiring employment of financial mathematics.

The Mathematics PhD program consists of at least 75 credit hours of course work beyond the bachelor's degree, of which a minimum of 48 hours of formal course work, exclusive of independent study, are required. The program requires 36 credit hours of core courses and 15 credit hours of dissertation research (7980).

Total Credit Hours Required: 75 Credit Hours Minimum beyond the Bachelor's Degree

Application Deadlines

  • International

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phd scholarships in financial mathematics

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Enter your information below to receive more information about the Mathematics (PHD) – Financial Mathematics Track program offered at UCF.

Track Prerequisites

Bachelor's degree in related field.

Students entering the graduate program with regular status are assumed to have a working knowledge of undergraduate calculus, differential equations, linear algebra (or matrix theory), boundary value problems, statistics, computer programming, and maturity in the language of advanced calculus (at the level of MAA 4226).

Degree Requirements

Required courses.

  • All students are required to complete the following courses with grade of "B" or better.
  • MAA5237 - Mathematical Analysis (3)
  • MAS5145 - Advanced Linear Algebra and Matrix Theory (3)
  • MAP5641 - Financial Mathematics I (3)
  • MAP6642 - Financial Mathematics II (3)
  • MAP5612 - Computational Methods for Financial Mathematics I (3)
  • MAP6616 - Computational Methods for Financial Mathematics II (3)
  • MAP6646 - Risk Management for Financial Mathematics (3)
  • MAP5606 - Differential Equations for Financial Mathematics (3)
  • MAP6195 - Mathematical Foundations for Massive Data Modeling and Analysis (3)
  • MAP6207 - Optimization Theory (3)
  • STA6857 - Applied Time Series Analysis (3)
  • MAP5931 - Proseminar for Financial Mathematics (1)
  • MAP5933 - Seminar in Financial Mathematics (2)
  • The remaining credit hours consist of additional dissertation research (7980 or 7919), at least 15 credit hours of regular classroom elective courses, and at most 12 credit hours of independent study or independent directed research. Students who pass the qualifying examination may substitute some of the core courses with the approval of the adviser and the graduate program director.

Elective Courses

  • Earn at least 24 credits from the following types of courses: Elective courses require the approval of the adviser and the graduate program director; up to 12 credit hours of elective courses may be taken outside the department. At least one-half of the program courses must be taken at the 6000 level. At least 12 hours of elective course work must be formal course work, exclusive of independent study. Electives are chosen in consultation with the student's advisory committee and may be chosen from the suggested options: Discrete Mathematics, General Applied Mathematics, Mathematical Computer Tomography, Image Processing and Computer Graphics, Mathematical Finance, Mathematical Physics, Pure Mathematics, Data Science, and Mathematical Statistics. A list of elective course options can be obtained from the graduate program director. Courses that are taken outside the Mathematics department must be approved by both the adviser and graduate program director. These courses are selected in consultation with the student's advisory committee.

Dissertation

  • Earn at least 15 credits from the following types of courses: MAP 7980 - Dissertation Research 15 Credit Hours (minimum) After passing the candidacy examination and meeting the other requirements that are required for admission to candidacy, the student can register for Doctoral Dissertation (MAP 7980). A minimum of 15 Doctoral Dissertation credit hours are required for the degree.

Examinations

Qualifying examination.

  • The qualifying/comprehensive examination is based on the core course work. To continue in the PhD program, students must pass the examination at the PhD level. Two attempts are permitted. The examination will be administered twice a year: one in the Fall semester and the other in the Spring semester. To take the examination, students must have earned a "B" or better in each core course, must have a minimum grade point average of 3.0 (out of 4.0) in the program, or must obtain permission from the graduate program director. Students will normally take the examination after the first year and are expected to have passed it by the end of the second year of study, unless a written request for a postponement has been approved by the Graduate Committee at least two months before the examination date. The student must pass the Qualifying Examination in at most two attempts. It is strongly recommended that the student select a dissertation adviser by the completion of 18 credit hours of course work, and it is strongly recommended that the student works with the dissertation adviser to form a dissertation committee within two semesters of passing the Qualifying Examination.

Candidacy Examination

  • The Candidacy Examination consists of a written examination based on the materials from two selected two-semester sequence courses taken by the students. A committee formed or selected by the Graduate Committee or the graduate program director is responsible for preparing and grading the written examinations. Each sequence that is selected for the candidacy examination must be approved by the dissertation adviser, the dissertation committee, and the graduate program director. Students in the Financial Mathematics Track will ordinarily select one of the sequences for their candidacy examination to be MAP 5641/MAP6642 Financial Mathematics I and II, and MAP5612/MAP6616 Computational Methods for Financial Mathematics I and II. The Candidacy Examination can be attempted after passing the qualifying examination. The Candidacy Examination must be completed within three years after passing the qualifying examination. A student must successfully pass the Candidacy Examination within at most two attempts.

Admission to Candidacy

  • The following are required to be admitted to candidacy and enroll in dissertation hours: Completion of all course work, except for dissertation hours. Successful completion of the candidacy examination. The dissertation advisory committee is formed, consisting of approved graduate faculty and graduate faculty scholars. Submittal of an approved program of study.

Dissertation Proposal Examination

  • After passing the candidacy examination, the student will prepare a dissertation proposal and orally present it to the dissertation advisory committee for approval. The proposal will include a description of the research performed to date and an agenda for the research planned to be completed for the dissertation. In addition to standards of correctness, indicating a suitable level of mastery of the material of the area of the dissertation, and suitability of the proposed dissertation topic, the presentation must meet current standards for professional presentations within the discipline of mathematics. For the successful completion of the Dissertation Proposal Examination, the presentation must be judged as passing the requirements for the examination by the majority of the dissertation committee. This exam must be passed within 18 months of passing the candidacy examination and not later than the end of the sixth year of graduate study. A candidate must pass this examination within at most two attempts.

Dissertation Defense

  • Upon completion of a student's research, the student's committee schedules an oral defense of the dissertation. Most students complete the program within five years after obtaining their bachelor's degree. Students are expected to complete the dissertation in no more than seven years from the date of admission to the program.

Independent Learning

  • The required 15 credit hours of dissertation will provide ample opportunities for students to gain the independent learning experience through studying published research papers and deriving, on their own, new and meaningful research results.

Grand Total Credits: 75

Application requirements, financial information.

Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.

Fellowship Information

Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student's graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.

The department offers over 20 Graduate Teaching Assistantships every year on a competitive basis. A few Graduate Research Assistantships are also available for qualified students.

To apply for admissions and financial aid, or for additional information on admissions requirements for the Ph.D. program in pure mathematics, please go to the appropriate Harvard Kenneth C. Griffin Graduate School of Arts and Sciences website listed below. All other inquiries may be directed to the Graduate Program Administrator of the Mathematics Department.

  • Harvard Kenneth C. Griffin Graduate School of Arts and Sciences (Harvard Griffin GSAS)
  • Mathematics Graduate Studies
  • Financial Support

Graduate Program Administrator

The Department of Mathematics does not discriminate against applicants or students on the basis of race, color, national origin, ancestry or any other protected classification.

Preparing the Application The statement of purpose for graduate applications is carefully weighted by the admissions committee. The applicant’s statement should convince the committee that they are able to communicate effectively and with a deep understanding of mathematics. It is not intended to be a biographical sketch or a reflection on one’s decision to enter the field.

Three letters of recommendation are required. Letter writers should be faculty or others qualified to evaluate the applicant’s potential for graduate study in mathematics. The letters must be submitted online and by the application deadline.

Applicants should include any research papers, publications, and other original works they would like to have evaluated by the admissions committee.

The department requests that applicants submit GRE Mathematics Subject Test scores if practical. Applicants should check on the ETS website for test dates in their area to ensure the scores will be submitted before the application deadline. An official score report should be sent to Harvard Kenneth C. Griffin Graduate School of Arts and Sciences using code 3451.

While the admissions committee reviews all applications submitted before the deadline, missing math subject test scores provide one less data point available to evaluate the application. Depending on the strength of the application, the missing subject test scores may put the application at a disadvantage.

Applicants who are non-native English speakers and who do not hold an undergraduate degree from an institution at which English is the primary language of instruction must submit scores from the Internet Based Test (IBT) of the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) Academic test.

Harvard Griffin GSAS requires applicants to upload an electronic copy of undergraduate transcripts. Hard copies of official transcripts are not required at the time of application.

Ph.D. Program in Pure Mathematics The department does not grant a terminal Master’s degree, but the Master’s can be obtained “on the way” to the Ph.D. by fulfilling certain course and language exam requirements.

In general, there is no transfer status application to the Harvard Kenneth C. Griffin Graduate School of Arts and Sciences or to the Department of Mathematics. No formal credit is given for an MSc or MA earned elsewhere. All applicants are considered to be applying as first-year graduate students. The only difference Master’s study may make is to better prepare students for the Qualifying Exam.

All graduate students are admitted to begin their studies in the fall term. The department plans on an entering class of about twelve students. Since the admissions committee receives a few hundred applications, the competition is keen.

Funding Graduate Study Applicants are urged to apply for all funding available to them. If no outside funding is available to the applicant, financial aid in the form of scholarships, research assistantships, and teaching fellowships is available. In general, students who do not have outside support will get scholarship support in their first year, but students are required to act as a teaching fellow for one-half course (i.e. for a one-term course) in their second through fifth years.

The department strongly recommends applicants to seek out and apply for all sources of financing available to them for graduate study. Recommended sources for funding US graduate students are NSF Graduate Fellowships and NDSEG Fellowships . Applicants from the UK are urged to also apply for the Kennedy fellowships and applicants from UK, New Zealand, Canada and Australia for Knox fellowships . International students may apply for the Fullbright IIE or any home country fellowships available for study abroad.

Harvard John A. Paulson School of Engineering and Applied Sciences The Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) offers programs for both the Master’s degree and the Ph.D. degree in Applied Mathematics. Please visit the SEAS website for more information on degrees in applied mathematics at www.seas.harvard.edu

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DPhil (PhD) studies in Mathematical Finance @ Oxford

The Mathematical and Computational Finance Group (MCFG) at Oxford is one of the largest and most dynamic research environments in mathematical finance in the world.

We combine core mathematical expertise with interdisciplinary approach. We foster lively interactions between researchers coming from different backgrounds and a truly impressive seminar programme, all this within one of the world's top universities, singular through its tradition and unique environment.

If you are passionate about mathematics and research and want to pursue a DPhil in Financial Mathematics, Oxford simply offers one of the best and most exciting places to do it!

 Research Topic and Supervisor Allocation

We welcome students with their own particular ideas of research topic as well as students with a broad interest in the field of Mathematical Finance. You have an opportunity to tell us about your research passions, and indicate potential supervisors, in your application form. This will be followed up during the interview.

In light of this, if you are offered a place, an appropriate supervisor will be proposed prior to your arrival in Oxford. However, there can be some flexibility over this once you arrive.  Keeping with the Oxford tradition, we offer our students independence and respect as early researchers, and always aim to match students with the most appropriate supervisors.

Outstanding students with a strong background in analysis, probability and data science are welcome to apply for our DPhil program. Each year we receive a large number of excellent applications. The selection process is extremely competitive and we can only admit a handful of candidates each year.

In order to apply for DPhil studies in Mathematical & Computational Finance, please indicate your interest in Mathematical and Computational Finance on your application form. Selected applicants will be invited for an interview -- either in person or by video call.

For general information on DPhil please consult our  Doctor of Philosophy (DPhil) admissions pages .

For the CDT Mathematics of Random Systems please consult our  the CDT website .

Or please contact  @email .

Funding for DPhil students is available from a variety of sources. Please note that some funding opportunities have deadlines: it is advised to apply before the deadline in order to maximise your chances of receiving funding.

Funding is also available through the  Centre for Doctoral Training in Mathematics of Random Systems . To apply for this program please How to Apply .

Email:  @email Phone:  +44 (0)1865 615234

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DPhil Graduates

DPhil Alumni: Martin Gould

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Top 129 Math Scholarships in June 2024

phd scholarships in financial mathematics

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If you’re looking for math scholarships, you’re in the right place! There are a wide variety of math scholarships out there, whether you are in an undergraduate or graduate program. Some math scholarships fall under the general umbrella of STEM (Science, Technology, Engineering, and Math) while others are designated specifically for math majors.

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The Scholarships360 Research Team reviews all scholarships individually and strives to exclude any scholarship where any of the below applies:

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  • Student are required to sign up for a site or service to apply*
  • The scholarship seems primarily used for lead generation** or idea harvesting purposes***
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If you believe a scholarship has been published in error, please reach out to [email protected] and we’ll take a look!

* There are certain exceptions to this, for example if the sponsoring organization is a major corporation or nonprofit with its own scholarship application system. ** Lead generation scholarships will require students to sign up for an app or website and require minimal (if any) application requirements. ***Idea harvesting scholarships will require students to submit blog posts or other materials that companies may use for marketing purposes.

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$10,000 “No Essay” Scholarship This scholarship has been verified by the scholarship providing organization.

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Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for…

Sallie Mae will award $2,000 each month to eligible entrants. No essay or account sign-ups, just a simple scholarship for those seeking help paying for school.

“Tuition Solution” Scholarship for STEM Students

“Tuition Solution” Scholarship for STEM Students This scholarship has been verified by the scholarship providing organization.

Do you like figuring out solutions to difficult problems? Well, if you’re a current or aspiring STEM major, we have one for you! Our $500… Show More

Do you like figuring out solutions to difficult problems? Well, if you’re a current or aspiring STEM major, we have one for you! Our $500 “Tuition Solution” Scholarship is meant for high school juniors and seniors (graduating class of 2024 or 2025), as well as undergraduate and graduate students enrolled during the 2023-24 academic year who are looking for ways to fund their postsecondary education in STEM. In order to apply, you must write an essay about how your passion for STEM started and how the scholarship will help you fulfill your dreams. No matter which STEM field ignites your interest, we look forward to reading your essays. Please note that applicants will be reviewed based on both the quality of their essay and quantity of scholarships applied for on the Scholarships360 platform. Scholarships360 users who are more active on the platform will be given higher consideration. Apply today - it’s time to cell-e-brate you! Show Less

$40,000 Build a College List Scholarship

$40,000 Build a College List Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by The College Board

Create a college list with six schools you're considering - no minimum GPA or essay required!

Minority Women in STEM Financial Need Scholarship

Minority Women in STEM Financial Need Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Bold.org

The Minority Women in STEM Financial Need Scholarship honors the legacy of Dr. Marie M. Daly, a trailblazing African American woman who earned a PhD… Show More

The Minority Women in STEM Financial Need Scholarship honors the legacy of Dr. Marie M. Daly, a trailblazing African American woman who earned a PhD in chemistry. Her words, "you learn courage by couraging," inspire us to support the next generation of minority women in STEM. This scholarship is for undergraduate BIPOC women at the University of Texas at Dallas pursuing STEM careers. Share your post-college goals and how you plan to achieve them to apply. Let's empower and uplift the voices of minority women in STEM. Show Less

$10,000 CollegeXpress Scholarship

$10,000 CollegeXpress Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by CollegeXpress

Annual $10k scholarship from CollegeXpress open to all high school freshmen, sophomores, and juniors.

Breakthrough Junior Challenge

Breakthrough Junior Challenge

Offered by Breakthrough

Are you a middle or high school student with a passion for STEM? If so, consider applying for the Breakthrough Junior Challenge! Each year, the… Show More

Are you a middle or high school student with a passion for STEM? If so, consider applying for the Breakthrough Junior Challenge! Each year, the challenge awards $250,000 to a 13-18-year-old student who creatively and clearly explains a scientific or mathematical theory, concept, or principle in video form. The videos must be no longer than a minute and 30 seconds long and should be a dynamic visual medium, using diagrams, simulations, physical demonstrations, and more. The scholarship is funded by technology investors and science philanthropists Julia and Yuri Milner.  If you have a love for STEM, video making, and want to go to college debt-free, we encourage you to apply! Show Less

GeneTex Scholarship

GeneTex Scholarship

Offered by GeneTex

Are you a STEM major in college or university looking for help to pay off your degree? If so, consider applying for the GeneTex Scholarship!… Show More

Are you a STEM major in college or university looking for help to pay off your degree? If so, consider applying for the GeneTex Scholarship! The scholarship is open to all STEM majors enrolled at an accredited postsecondary institution in good academic standing, including international students. Offered by GeneTex, the scholarship supports young scientists pursuing a postsecondary education to increase scientific advancement and future discoveries. GeneTex is a Texas-based life science, biotechnology company that develops and sells research reagents in the biomedical field. The GeneTex scholarship awards one student $2,000 biannually for use toward their education or other expenses. Typically, the deadlines for each year will fall in July and December or January of each year. If you are a STEM major looking for some help with tuition and fees, we encourage you to apply! Show Less

Niche $10,000 “No Essay” Scholarship

Niche $10,000 “No Essay” Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Niche

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Regeneron Science Talent Search

Regeneron Science Talent Search

Offered by Society for Science and the Public

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The Regeneron Science Talent Search (Regeneron STS) is a prestigious science and mathematics competition for high school seniors, providing an important forum for original research that is recognized and reviewed by a national jury of professional scientists. To be eligible, applicants must complete individual research projects to enter Regeneron STS in one of many eligible STEM fields (see below for a list). If you're a high school senior passionate about conducting research in your chosen STEM field, we encourage you to apply! Keep on reading, and check out the Regeneron Science Talent Search rulebook, to learn more. Show Less

William Griggs Memorial Scholarship for Science and Math

William Griggs Memorial Scholarship for Science and Math

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Introducing the William Griggs Memorial Scholarship for Science and Math, a tribute to a remarkable man who believed that the vast expanse of space held the key to humanity's ultimate exploration. Hailing from rural New York and working as an aeronautical engineer, William Griggs held an unwavering passion for science, innovation, and pushing the boundaries of what was deemed possible. William's dedication to science extended beyond his own pursuits; he instilled in his daughters a profound love for scientific inquiry and mathematical exploration. In honor of William Griggs' memory, this scholarship aims to support and uplift women who are embarking on their own journeys in the fields of science and math. Open to all female high school seniors and undergraduate students pursuing a two or four-year degree program in these disciplines. To apply, share your story and illuminate how you envision contributing to the captivating realms of math or science. Show Less

$1,000 Appily Easy College Money Scholarship

$1,000 Appily Easy College Money Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Appily

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This easy scholarship from Appily is open to U.S. high school students (Class of 2025, 2026, 2027) and college transfer students. One scholarship will be awarded each month. Show Less

Deloitte Foundation Scholarship

Deloitte Foundation Scholarship

Offered by Hispanic Association of Colleges and Universities (HACU)

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Are you a full- or part-time undergraduate student pursuing a degree related to accounting, business, or technology at a HACU member institution? If so, the Deloitte Foundation Scholarship could be a great fit for you! Each year, the Deloitte Foundation Scholarship awards $2,500 to multiple lucky students majoring in accounting, business, or related technology majors. Eligible majors include, but are not limited to, accounting, business, business administration, computer science, computer systems, cybersecurity, data analytics/business analytics, economics, mechanical engineering, computer engineering, finance, information systems, management information systems, marketing, mathematics, operations, supply chain and logistics, statistics, and technology. The scholarship may be renewed for up to four semesters, allowing recipients to earn a total of $10,000 over four semesters. If you fit the criteria, we encourage you to apply! Keep on reading to learn more. Show Less

AMANA Mutual Funds Scholarship

AMANA Mutual Funds Scholarship

Offered by Islamic Society of North America

The AMANA Mutual Funds Scholarship is funded by the Islamic Society of North America, an organization that works to unite and develop the Muslim community… Show More

The AMANA Mutual Funds Scholarship is funded by the Islamic Society of North America, an organization that works to unite and develop the Muslim community across North America. Each year, their AMANA Mutual Funds Scholarship awards $2,500 to one (1) Muslim-American student majoring in finance, economics, or math at a U.S.-accredited institution. If this scholarship sounds like a fit for you, keep on reading for more application details. Show Less

$5,000 Christian Connector Scholarship

$5,000 Christian Connector Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by Christian Connector

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian…

Students applying to the $5,000 Christian Connector Scholarship must be current high school students (Class of 2025, 2026, or 2027) interested in attending a Christian university or college.

CMA Scholarship

CMA Scholarship

Offered by Institute of Management Accountants

Are you an aspiring accountant planning to take the CMA certification exam? If so, consider applying for the CMA Scholarship! The CMA Scholarship is open… Show More

Are you an aspiring accountant planning to take the CMA certification exam? If so, consider applying for the CMA Scholarship! The CMA Scholarship is open to high-achieving accounting and finance postsecondary students who are planning to take the CMA certification exam. The scholarship is funded by the Institute of Management Accountants, a worldwide association of accountants and financial professionals devoted to advancing the management accounting profession. Each year, the scholarship selects many lucky students to help them fund and pass their CMA certification exam. Specifically, recipients are granted entrance and registration fees covering both parts of the exam, an exam support package with practice questions, and a three-year IMA membership while pursuing the certification. If you’re passionate about taking the next step in your accounting career and want some help funding your CMA certification exam, we encourage you to apply! Show Less

MPOWER Women in STEM Scholarship

MPOWER Women in STEM Scholarship

Offered by MPOWER Financing

Are you an international or DACA female student looking to earn a STEM degree abroad? If so, you may be eligible for the MPOWER Women… Show More

Are you an international or DACA female student looking to earn a STEM degree abroad? If so, you may be eligible for the MPOWER Women in STEM Scholarship! The scholarship is open to international women who want to earn a STEM degree in the U.S. or Canada and are allowed to legally study in the U.S. or Canada. Thus, international women looking to study in the U.S. must have a Green Card, DACA status, or a valid visa. As for Canada, eligible applicants must be permanent residents or have a valid Canadian study permit. Each year, the scholarship recipients receive up to $6,000 to help pay for their degrees. If you are a woman in STEM and are looking for a scholarship opportunity, we encourage you to apply! Show Less

$2,000 No Essay CollegeVine Scholarship

$2,000 No Essay CollegeVine Scholarship This scholarship has been verified by the scholarship providing organization.

Offered by CollegeVine

Easy scholarship open to current high school students and college applicants. A free CollegeVine account with a completed chancing profile required to enter.

HoshizakiIceMaker.com Supporting STEM Scholarship

HoshizakiIceMaker.com Supporting STEM Scholarship

Offered by HoshizakiIceMaker.com

Are you an incoming or current college student majoring in a STEM field? If so, consider applying for the HoshizakiIceMaker.com Supporting STEM Scholarship! The scholarship… Show More

Are you an incoming or current college student majoring in a STEM field? If so, consider applying for the HoshizakiIceMaker.com Supporting STEM Scholarship! The scholarship is open to current and incoming undergraduate students pursuing degrees in STEM fields in the U.S. The scholarship is funded by HoshizakiIceMaker.com, a dealer of Hoshizaki ice machines, ice bins, parts, and accessories. They believe in supporting young students and providing the best Hoshizaki ice machine products to their customers.  They offer this opportunity to help students pursue fields that enhance the economy and complement the business industry. Every year, they award $1,000 to help one recipient cover tuition expenses. If you are passionately pursuing a STEM career and are looking for a scholarship opportunity, we encourage you to apply! Show Less

ABC Humane Wildlife Women in STEM Academic Scholarship

ABC Humane Wildlife Women in STEM Academic Scholarship

Offered by ABC Humane Wildlife Control & Prevention

Are you a female student pursuing a degree in a STEM field? If so, consider applying for the ABC Humane Wildlife Women in STEM Academic… Show More

Are you a female student pursuing a degree in a STEM field? If so, consider applying for the ABC Humane Wildlife Women in STEM Academic Scholarship! The ABC Humane Wildlife Women in STEM Academic Scholarship is open to current female undergraduate and graduate students who are majoring in STEM (Science, Technology, Engineering, & Mathematics) fields. The scholarship was created by Urban Wildlife Manager, Rebecca Fyffe. Rebecca is an entrepreneur who credits her good business sense and cutting-edge research-based methods to her background in STEM. Thus, she created this scholarship to encourage more women to pursue STEM programs and science-based education. Each year, the scholarship awards $1,000 to one (1) lucky student to help pay for the costs of their education. If you’re a woman passionate about STEM and are looking for some help to pay off your degree, we encourage you to apply! Show Less

Jump ahead to…

  • College-specific math scholarships

How to win mathematics scholarships

  • Resources for math students
  • Frequently asked questions

Explore these additional scholarship categories

College-specific scholarships .

Many colleges and universities offer math scholarships to students who attend their school. These scholarships are commonly awarded on the basis of test scores, GPA, special projects, and other forms of academic achievement. After viewing our list, check with your own school to see if they offer scholarships for math students. 

Baylor University

  • Students majoring in mathematics, applied mathematics, or mathematics education are eligible for tuition assistance scholarships 

Boston University

  • The Noyce Scholarship provides 100% tuition support for talented STEM majors to become mathematics teachers

College of our Lady of the Elms

  • This school provides scholarship funds to full-time students majoring in a STEM field

College of Saint Mary

  • Students majoring in mathematics, chemistry, or biology are eligible to receive a $20,000 annual scholarship 

Elon University

  • Current students majoring in mathematics are eligible for a variety of scholarships 

Furman University

  • Incoming freshmen who demonstrate outstanding mathematical ability are eligible to receive a $15,000 annual scholarship 

Jacksonville State University 

  • This school offers a variety of scholarships for students majoring in mathematics

Morehead State University 

  • This school offers several scholarships specifically geared towards mathematics students

Ripon College

  • Full-tuition scholarships are awarded to students who show the potential to contribute greatly to the science and mathematics departments 

Skidmore College

  • Students who demonstrate exceptional potential in math and science may receive up to $60,000 in scholarship money 

University of California, Los Angeles

  • Incoming first-year students who demonstrate exceptional promise in mathematics are eligible for a scholarship covering full-tuition, room, and board

Wake Forest University

Washington state university.

  • Incoming freshmen, undergraduate students, and graduate students are eligible for a variety of mathematics scholarships 

Now that you’ve got some great opportunities at your fingertips, it’s time to start sending out applications. Remember, most scholarships receive a large number of applicants, so you’ll want to put some substantial work into your applications in order to win.

Before you begin your applications, it’s a good idea to sit down and do some self-reflection. Think about why mathematics is important to you and how you hope to make change in the world through math. You can reflect back on your past experiences to see how they informed your interest in math, and think of anything you’ve accomplished that speaks to your potential in the field. Try asking some friends, family members, and/or trusted adults for insights into this. Oftentimes, an outside perspective can shed entirely new light on your achievements!

Resources for scholarship applications

Once you’ve finished your reflection, it’s time to start writing. Mathematics majors may not take extensive writing-based coursework, but a well-written essay can help you stand out from the other applicants. To succeed in this field, check out our article on how to start a scholarship essay . We can also help you write about yourself and write a winning scholarship essay .

Here are a few more resources that will help you along the way!

  • Guide to writing a “Why do you deserve this scholarship?” essay
  • How to write a 250 word essay
  • How to write a 500 word essay

Resources for mathematics students

As a mathematics student, you are eligible to join a large variety of different nationwide organizations that can help you apply your studies to the real world, meet other professionals, and even find more scholarships and/or job opportunities. Here are a few organizations of note for math majors around the country.

Math Alliance

This is a program at Purdue University that allows students to sign up as either mentors or students of mathematics. Students from underrepresented backgrounds are eligible for free mathematics tutoring from highly qualified tutors, such as students in doctoral and masters programs. Tutors receive the benefit of gaining teaching experience, meeting other mathematics professionals, and helping make mathematics a more inclusive field.

While this specific program is only available at Purdue, there are many similar organizations at larger learning institutions, so check if yours has one today!

Mathematical Association of America

Membership to the MAA comes with the benefit of access to an extensive library of mathematics journals, materials, and databases. It also provides access to conferences, networking, and other peer-led programming to help plug students into the larger field of mathematics.

Association for Women in Mathematics

In a field that has historically been dominated by men, organizations such as the AWM offer an important resource for women who are looking to start a mathematics career. Membership provides access to an exclusive Job Board, journals, networking events, and more.

Frequently asked questions about math scholarships

Can mathematics majors apply for stem scholarships.

Yes! Mathematics is included in the STEM acronym as the last letter, so mathematics students are totally eligible for STEM scholarships. You’ll probably find that there are far more general “STEM” scholarships out there than there are math-specific ones. This is great for you as it means more opportunities for scholarship money.

You should also keep in mind that the more specific a scholarship is, the less people apply. So, if you do find math-specific scholarships, you’ll probably have less competition than you will in STEM scholarships.

Do I have to major in mathematics to apply for math scholarships?

Many mathematics scholarships do require a math major, but not all of them! If you have not decided on your major yet or are minoring in mathematics, check our list for any opportunities that would suit someone who is not fully committed to the field.

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The University of Manchester

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Discover more about postgraduate research

PhD Financial Mathematics

Year of entry: 2024

  • View full page

The standard academic entry requirement for this PhD is an upper second-class (2:1) honours degree in a discipline directly relevant to the PhD (or international equivalent) OR any upper-second class (2:1) honours degree and a Master’s degree at merit in a discipline directly relevant to the PhD (or international equivalent).

Other combinations of qualifications and research or work experience may also be considered. Please contact the admissions team to check.

Full entry requirements

Apply online

In your application you’ll need to include:

  • The name of this programme
  • Your research project title (i.e. the advertised project name or proposed project name) or area of research
  • Your proposed supervisor’s name
  • If you already have funding or you wish to be considered for any of the available funding
  • A supporting statement (see 'Advice to Applicants for what to include)
  • Details of your previous university level study
  • Names and contact details of your two referees.

Programme options

Programme description.

Opportunities for PhD research are available in a range of Financial Mathematics research topics or Mathemathics research areas . For more information, please see advice on choosing a project or find out more about specific projects . Please contact the relevant individual members of staff for information about a specific project, or get in touch with the  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.

For entry in the academic year beginning September 2024, the tuition fees are as follows:

  • PhD (full-time) UK students (per annum): Band A £4,786; Band B £7,000; Band C £10,000; Band D £14,500; Band E £24,500 International, including EU, students (per annum): Band A £28,000; Band B £30,000; Band C £35,500; Band D £43,000; Band E £57,000
  • PhD (part-time) UK students (per annum): Band A £2393; Band B £3,500; Band C £5,000; Band D £7,250; Band E 12,250 International, including EU, students (per annum): Band A £14,000; Band B £15,000; Band C £17,750; Band D £21,500; Band E £28,500

Further information for EU students can be found on our dedicated EU page.

The programme fee will vary depending on the cost of running the project. Fees quoted are fully inclusive and, therefore, you will not be required to pay any additional bench fees or administration costs.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of the course for Home students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit the postgraduate fees page .

Always contact the Admissions team if you are unsure which fees apply to your project.

Scholarships/sponsorships

There are a range of scholarships, studentships and awards at university, faculty and department level to support both UK and overseas postgraduate researchers.

To be considered for many of our scholarships, you’ll need to be nominated by your proposed supervisor. Therefore, we’d highly recommend you discuss potential sources of funding with your supervisor first, so they can advise on your suitability and make sure you meet nomination deadlines.

For more information about our scholarships, visit our funding page or use our funding database to search for scholarships, studentships and awards you may be eligible for.

Contact details

Our internationally-renowned expertise across the School of Natural Sciences informs research led teaching with strong collaboration across disciplines, unlocking new and exciting fields and translating science into reality.  Our multidisciplinary learning and research activities advance the boundaries of science for the wider benefit of society, inspiring students to promote positive change through educating future leaders in the true fundamentals of science. Find out more about Science and Engineering at Manchester .

Programmes in related subject areas

Use the links below to view lists of programmes in related subject areas.

  • Mathematics

Entry requirements

Academic entry qualification overview, english language.

All applicants will need to demonstrate competency in English language.  Applicants who do not already possess an acceptable English Language qualification will need to take a recognised test and attain a minimum IELTS 6.5 overall with a minimum of 6 in writing and listening, and 5.5. in all other sub-tests. TOEFL iBT:  At least 90 overall with no subtest below 20. We do not accept 'MyBestScore'.

Pearson Test of English (PTE): At least 70 overall with no subtest below 59. Further information on language requirements can be found on our website . 

Pre-sessional English: We also accept successful completion of a pre-sessional English course run by the University Language Centre to meet our English language requirements.  

English language test validity

Other international entry requirements, application and selection, how to apply, advice to applicants.

  • Identified the specific research project, CDT or dual-award you'd like to apply for or, if you already have funding, determined your own research project and title and discussed this with a supervisor.
  • Contacted the project supervisor and spoken to them about your suitability for the project.  
  • Browsed funding you are eligible for and discussed this with your supervisor, if you don't already have your own funding.  
  • Supporting statement: A one or two page statement outlining your motivation to pursue postgraduate research, the area(s) of research you’re interested in, why you want to undertake postgraduate research at Manchester, any relevant research or work experience, the key findings of your previous research experience, and techniques and skills you’ve developed.
  • Certificates and transcripts: Certificates and final transcripts of any completed university-level qualifications and interim transcripts for qualifications in progress. If your transcripts are in a language other than English, you must provide an official English translation. If your current weighted average mark or GPA is not included on these documents, please also include an official document from your university verifying this information.
  • CV : Summarising your academic record and highlighting experience that demonstrates your potential to conduct research.  
  • English language proof: A certificate or evidence demonstrating your English language ability and proficiency. Applications can be considered without this evidence but any offer would be conditional on meeting minimum requirements.  
  • Referees: Names and contact details of two academic referees who we can get in contact with and will support your application.

Interview requirements

It is normally possible to defer entry to another entry point within the academic year, with the approval of your supervisory team and funder (if applicable).

You can request a deferral by contacting the Doctoral Academy Admissions Team by emailing [email protected] .  If you request deferral for entry in a subsequent academic year you may be required to re-apply.

Programme details

Additional programme information.

Equality, diversity and inclusion is fundamental to the success of The University of Manchester, and is at the heart of all of our activities.

We know that diversity strengthens our research community, leading to enhanced research creativity, productivity and quality, and societal and economic impact.

We actively encourage applicants from diverse career paths and backgrounds and from all sections of the community, regardless of age, disability, ethnicity, gender, gender expression, sexual orientation and transgender status.

We also support applications from those returning from a career break or other roles.

We consider offering flexible study arrangements (including part-time: 50%, 60% or 80%, depending on the project/funder), carer support funds for conferences, and peer support networks for parents and carers.

All appointments are made on merit.  The University of Manchester and our external partners are fully committed to equality, diversity and inclusion.

Related research

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 .

Scholarships and bursaries

In the Department of Mathematics we offer a range of scholarships, studentships and awards to support UK and overseas postgraduate researchers.

Funding is also available at university and faculty level and can be viewed on our funding page . Alternatively, you can use our funding database to find scholarships, studentships and awards you may be eligible for.

We'd recommend you discuss potential sources of funding with your supervisor before applying. They can advise what funding may be available to you, and ensure you meet nomination and application deadlines.

Disability support

phd scholarships in financial mathematics

Funding & Scholarship: Graduate Programs

Financial support for ph.d. students, all students admitted into our ph.d. program receive full financial support., this support includes tuition, fees, $1,000 in transportation and dental subsidies (as of ay24-25), and a cost-of-living stipend ($3655 per month in ay23-24 and $4083 per month before taxes in ay24-25)..

Support is independent of need provided a student remains in good academic standing and is making satisfactory progress towards his/her Ph.D. degree. Students are expected to complete their Ph.D. requirements in four to six years. Financial support takes several forms: fellowships, teaching fellowships, and research assistantships. Ordinarily, first-year Ph.D. students are supported with full fellowships so that they can devote their time to coursework.

For the class entering in Fall 2024 : SEAS PhD students are expected to complete two sections of teaching in SEAS in their second year or spread across their second and third years. Both sections may be completed concurrently in a single course. Their research assistantship will be adjusted accordingly during the semester(s) in which they are teaching fellow (TF). The academic requirement for the PhD degree is one section of teaching in SEAS. The student and their research advisor may arrange to replace the second section of teaching with a research assistantship. Beyond the first year, when students are in a better position to teach and assist in research, support is ordinarily provided through research assistantships, or a combination of a teaching fellowship and a research assistantship. For more detailed information, please visit the following pages: GSAS Tuition and Fees  G SAS Financial Support for PhD Students

External financial support for Ph.D. students

Applicants and current students are encouraged and expected to apply for all non-Harvard scholarships for which they are eligible, especially those offered by the  National Science Foundation (NSF) Graduate Research Fellowship Program  and  National Defense Science and Engineering Graduate Fellowship (NDSEG) . 

Each year, many SEAS students secure fellowships from external agencies.  Should an incoming student be awarded and accept any fellowship external to Harvard, it is the expectation that the student will utilize these funds in the first year of study in place of Harvard funding.   In advanced (G2+) years in the graduate program, students with external fellowships are advised to have a discussion with their financial aid officers from Harvard Griffin GSAS and SEAS about how to best utilize the remaining years of funding based on their activities and academic requirements.

To ensure equitable treatment of all students, the coordination of external award benefits with a student’s existing funding package is determined by the Harvard Griffin GSAS financial aid officer in consultation with SEAS.

PhD students with external support are eligible for a SEAS-sponsored academic incentive.  PhD students who bring in open, competitive external fellowships that are equal to 50% or more of total their support (tuition/fees + stipend) will receive a supplemental award of $3,000 in the first year of the external fellowship.  PhD students who bring in open external competitive external fellowships that are not 50% or more of their total support and are at least $10,000 (tuition/fees + stipend or salary) will receive a supplemental award of $1,000.  The full $3,000 bonus may also be awarded in certain cases of multi-year fellowships depending on the total amount of support provided.

Financial support for terminal masters students (M.E. & S.M.)

While financial aid is not available for master’s students in our M.E. and S.M. programs, there are a variety of funding opportunities available. Prospective students are encouraged to apply for independent grants and fellowships to fund their studies.  Information about tuition and fees can be found here . Students in our Computational Science & Engineering or Data Science programs-should visit this page and also may contact the  GSAS Financial Aid Office  to learn more.

Students in the  MS/MBA:Engineering Sciences program  are eligible to apply for need-based  HBS Fellowships  and student loans in both years of the program.

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On March 21 st , the AMS website will be down for regularly scheduled maintenance from 5:00am–8:00am

Mathematical Opportunities

The list below includes opportunities to apply for internships, fellowships and grants, REUs, math camps and math circles. You can also announce calls for nominations of prizes and awards and proposals for meetings and workshops. Submit your complimentary listing by clicking "Add new listings" below.

For questions about specific opportunities, contact the host organization. For questions about submitting an opportunity, contact us .

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NSF Division of Mathematical Sciences Active Funding Opportunities

  2024 MasterScholar North Carolina Math Camp

Calls for Applications , Math Camps / Pre-college students and teachers The MasterScholar North Carolina Math Camp, co-hosted by KSE -MasterScholar and Saint Mary's School, is a high-level academic program designed specifically for high school students. As an authoritative mathematical exploration initiative, it is committed to providing students with precious opportunities to research and delve into the mysteries of mathematics alongside world-renowned scholars. KSE Global Inc. Date Posted: Apr 30, 2024 Deadline: Jun 10, 2024

  ARTIFICIAL INTELLIGENCE RESEARCH INTERNSHIP

Internships / Graduate students We have an exciting internship opportunity in our newly formed AI Team. The role of the intern will be to conduct research using statistical AI models, deep learning and transformer based algorithms, and developing application use cases ranging from grounded-response chatbot, application engineering, to complicated physics based rocket launches. The intern will work with a team of internal and external experts in the field of Turbomachinery, Software Development, AI and the interaction of … [Read More] SoftInWay, Inc. Date Posted: Jan 08, 2024 Deadline: Jun 14, 2024

  Competitive Programming Bootcamp

Math Camps / Pre-college students and teachers Many entry-level computer scientist positions offer a six-figure salary. In order to land such coveted jobs, it is necessary to pass several difficult coding interviews. In this virtual live two-week summer course (3 hrs/weekday), MehtA+ instructors will teach Grades 7-12 students the basics of data structures and algorithms in Python. This camp is designed to help students prepare for a variety of topics at the USACO Bronze, Silver and Gold level as well as coding interviews for internships … [Read More] MehtA+ Date Posted: Mar 12, 2024 Deadline: Jun 19, 2024

  Ivo and Renata Babu�ka Thesis Prize

Prizes or Awards / Institutions and Programs The Ivo and Renata Babu�ka Thesis Prize is awarded annually to the author of an outstanding PhD thesis in mathematics, interdisciplinary in nature, possibly with applications to other fields. The current prize amount is US$3,000. One nomination per institution. American Mathematical Society Date Posted: Feb 01, 2024 Deadline: Jun 30, 2024

  E. H. Moore Research Article Prize

Prizes or Awards / Mathematical scientists/faculty The Moore Prize is awarded for an outstanding research article that has appeared in one of the AMS primary research journals (namely, the Journal of the AMS, Proceedings of the AMS, Transactions of the AMS, Memoirs of the AMS, Mathematics of Computation, Electronic Journal of Conformal Geometry and Dynamics, and Electronic Journal of Representation Theory) during the six calendar years ending a full year before the meeting at which the prize is awarded. The prize was established in 2002 … [Read More] American Mathematical Society Date Posted: Feb 01, 2024 Deadline: Jun 30, 2024

  Industrial Decarbonization Fellowship

Fellowships , Internships / Undergraduate students , Graduate students , Postdocs/early career , Institutions and Programs Note that you must apply through the link in this posting for your application to be considered. Applications will not be accepted through any other platform. STIPEND RANGE: \$58,000 - $94,000 (and up - *Stipend rates are determined by DOE officials and are based on the candidate�s academic and professional background.) BENEFITS: � Competitive stipend � Health insurance allowance � Up to \$5,000 relocation reimbursement � Up to \$10,000 research … [Read More] U.S Department of Energy Date Posted: Feb 20, 2024 Deadline: Jul 01, 2024

  PROMYS

Math Camps / Pre-college students and teachers PROMYS is a six-week summer program at Boston University designed to encourage strongly motivated high school students to explore in depth the creative world of mathematics in a supportive community of peers, counselors, research mathematicians, and visiting scientists. Visit our website for more information about the program, financial aid, and the application process. PROMYS Date Posted: Jan 01, 2021 Deadline: Jul 02, 2024

  The Math Collaboration Group's Math Circle

Math Circles / Pre-college students and teachers The Math Collaboration group is a free virtual group where students meet on a Sunday of each month to attend a virtual lecture from various Mathematicians and Professors. The group discusses in depth topics that differ from the standard schooling. This group is open to all students from grades 6-12! The Math Collaboration Group Date Posted: Sep 02, 2022 Deadline: Jul 05, 2024

  $6,000 Scholarship for Black Women in STEM

Scholarships / Undergraduate students , Graduate students Black women remain underrepresented in STEM fields, despite the growing demand for talent in these industries. BestColleges is committed to breaking down barriers for students in underrepresented communities, who desire careers in the most competitive fields. This year, we'll be giving away five $6,000 scholarships to Black women who are currently pursuing careers in STEM. The scholarships are open to Black women who are currently enrolled or intend to enroll in a degree program in … [Read More] BestColleges Date Posted: Mar 15, 2024 Deadline: Jul 15, 2024

  MathAndCobb Fund for Math Grad Student Travel

Grants / Graduate students The MathAndCobb Fund for Math Grad Student Travel (or MaC Fund for short) is a micro-grant awarded every two months to graduate students in Mathematics who are already working towards a thesis problem, or at least in the third year of grad school. The first award will be announced on June 1. The second deadline will be July 15, and the award will be announced on August 1. See blog post for instructions on how to apply. �lvaro Lozano-Robledo's Blog Date Posted: May 15, 2024 Deadline: Jul 15, 2024

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NSF Scholarships in Science, Technology, Engineering, and Mathematics Program (S-STEM)

View guidelines, important information for proposers.

All proposals must be submitted in accordance with the requirements specified in this funding opportunity and in the NSF Proposal & Award Policies & Procedures Guide (PAPPG) that is in effect for the relevant due date to which the proposal is being submitted. It is the responsibility of the proposer to ensure that the proposal meets these requirements. Submitting a proposal prior to a specified deadline does not negate this requirement.

Supports institutions of higher education to fund scholarships for academically talented low-income students and to study and implement a program of activities that support their recruitment, retention and graduation in STEM.

In 1998 Congress enacted the American Competitiveness in the Twenty-First Century Act which provided funds to the National Science Foundation (NSF) to create a mechanism whereby the hiring of foreign workers in technology-intensive sectors on H-1B visas would help address the long-term workforce needs of the United States. Initially, scholarships were only provided for students in mathematics, engineering, and computer science. Later legislation authorized NSF to expand the eligible disciplines at the discretion of the NSF director. Undergraduate and graduate degrees in most disciplinary fields in which NSF provides research funding (with some exclusions described elsewhere in this document) are eligible as long as there is a national or regional demand for professionals with those degrees to address the long-term workforce needs of the United States.

The main goal of the S-STEM program is to enable low-income students with academic ability, talent or potential to pursue successful careers in promising STEM fields. Ultimately, the S-STEM program seeks to increase the number of academically promising low-income students who graduate with a S-STEM eligible degree and contribute to the American innovation economy with their STEM knowledge. Recognizing that financial aid alone cannot increase retention and graduation in STEM, the program provides awards to institutions of higher education (IHEs) not only to fund scholarships, but also to adapt, implement, and study evidence-based curricular and co-curricular [1] activities that have been shown to be effective supporting recruitment, retention, transfer (if appropriate), student success, academic/career pathways, and graduation in STEM.

Social mobility for low-income students with academic potential is even more crucial than for students that enjoy other economic support structures. Hence, social mobility cannot be guaranteed unless the scholarship funds the pursuit of degrees in areas where rewarding jobs are available after graduation with an undergraduate or graduate degree.

The S-STEM program encourages collaborations, including but not limited to partnerships among different types of institutions; collaborations of S-STEM eligible faculty, researchers, and academic administrators focused on investigating the factors that affect low-income student success (e.g., institutional, educational, behavioral and social science researchers); and partnerships among institutions of higher education and business, industry, local community organizations, national labs, or other federal or state government organizations, as appropriate.

To be eligible, scholars must be domestic low-income students, with academic ability, talent or potential and with demonstrated unmet financial need who are enrolled in an associate, baccalaureate, or graduate degree program in an S-STEM eligible discipline. Proposers must provide an analysis that articulates the characteristics and academic needs of the population of students they are trying to serve. NSF is particularly interested in supporting the attainment of degrees in fields identified as critical needs for the Nation. Many of these fields have high demand for training professionals that can operate at the convergence of disciplines and include but are not limited to quantum computing and quantum science, robotics, artificial intelligence and machine learning, computer science and computer engineering, data science and computational science applied to other frontier STEM areas, and other STEM or technology fields in urgent need of domestic professionals. It is up to the proposer to make a compelling case that a field is a critical need field in the United States.

S-STEM Eligible Degree Programs

Associate of Arts, Associate of Science, Associate of Engineering, and Associate of Applied Science

Bachelor of Arts, Bachelor of Science, Bachelor of Engineering and Bachelor of Applied Science

Master of Arts, Master of Science and Master of Engineering

Doctoral (Ph.D. or other comparable doctoral degree)

S-STEM Eligible Disciplines

Disciplinary fields in which research is funded by NSF, including technology fields associated with the S-STEM-eligible disciplines (e.g., biotechnology, chemical technology, engineering technology, information technology, etc.).

The following degrees and disciplines are excluded :

  • Clinical degree programs, including medical degrees, nursing, veterinary medicine, pharmacy, physical therapy, and others not funded by NSF, are ineligible degrees.
  • Business school programs that lead to Bachelor of Arts or Science in Business Administration degrees (BABA/BSBA/BBA) are not eligible for S-STEM funding.
  • Masters and Doctoral degrees in Business Administration are also excluded.

Proposers are strongly encouraged to contact Program Officers before submitting a proposal if they have questions concerning degree or disciplinary eligibility.

The S-STEM program particularly encourages proposals from 2-year institutions, Minority Serving Institutions (MSIs), predominately undergraduate institutions, and urban, suburban and rural public institutions.

[1] an activity at a school or college pursued in addition to the normal course of study.

Updates and announcements

S-stem: office hours, s-stem: reviewer survey 2024, program contacts, program events.

  • February 29, 2024 - S-STEM: Office Hours
  • February 23, 2024 - S-STEM: Office Hours
  • February 13, 2024 - S-STEM: Office Hours
  • February 8, 2024 - S-STEM: Office Hours
  • February 1, 2023 - S-STEM: Proposal Preparation Webinar Sessions
  • January 31, 2023 - S-STEM: Proposal Preparation Webinar Sessions
  • January 30, 2023 - S-STEM: Proposal Preparation Webinar Sessions
  • January 26, 2023 - S-STEM: Proposal Preparation Webinar Sessions

Awards made through this program

Organization(s).

  • Directorate for STEM Education (EDU)
  • Division of Undergraduate Education (EDU/DUE)

School of Mathematical and Physical Sciences

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Leading the way with our groundbreaking research and innovative teaching spanning chemistry, physics and astronomy, and mathematics and statistics. Our students go on to make an impact across a huge range of rewarding careers.

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Polymer chemist named recipient of prestigious award

University of Sheffield polymer chemist Professor Steve Armes will receive the 2024 Journal of Colloid and Interface Science (JCIS) Darsh Wasan Award for his outstanding contributions to research at the interface between polymer chemistry and colloid

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UK and Europe join forces for construction of largest ever European Solar Telescope

Construction of the largest ever solar telescope built in Europe, designed to provide unparalleled insight into the phenomena of space weather, will be supported by the University of Sheffield, it has been announced today (25 July 2023).

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Science staff scoop honours in this year’s Education Awards

The Faculty of Science has been recognised at this year’s Education Awards 2023 - which celebrates excellent practice in learning and teaching at the University.

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Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.

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Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.

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The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

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This Economist Spotlight Series is created for middle school and high school students to spark curiosity and interest in economics as an area of study and a future career.

Liberty Street Economics

« Taking Stock: Dollar Assets, Gold, and Official Foreign Exchange Reserves | Main | Can Discount Window Stigma Be Cured?  »

Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond

Kasey Chatterji-Len and Anna Kovner

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Becoming a PhD economist can provide a fulfilling and financially secure career path. However, getting started in the field can be daunting if you don’t know much about the preparation you’ll need and the available job opportunities. If you’re wondering what it means to be an economics researcher or how to become one, please read on. We’ll review how to prepare for a career in economics research, what an economics PhD program entails, and what types of opportunities it might bring. Economic education is a core component of the Federal Reserve Bank of New York’s mission to serve the community. To empower would-be economists, this post provides information for students who seek a career in economics research. We hope this information will be helpful to students interested in economics, regardless of their background and economic situation.  This information is most applicable to students applying to programs in the United States.  

The Breadth of Economics Research  

Academic disciplines conduct research in different ways, so it’s important to have a basic understanding of the types of questions economists ask and how they approach answering them. There are many definitions of economics, but a broadly useful one is the study of how people, organizations, and governments make decisions under different constraints, and how those decisions may affect their outcomes. 

When answering these questions, economists seek to ground their analyses in models and to be quantitatively precise about the effects they assign to any given cause. The range of topics economists can study is wide, but the accepted approaches to answering questions are stricter. Some examples of what economists might ask: 

  • How do different public housing programs affect the children who live there? 
  • Does a certain type of law encourage businesses to innovate? 
  • How will a change in the interest rate affect inflation and unemployment rates? 
  • How much does affordable health insurance improve people’s health? 
  • How can poor countries eradicate poverty? 

There are many different subfields within economics, including, but not limited to behavioral, econometrics, energy/environmental, development, financial, international, monetary, public, and urban economics. You can familiarize yourself with the latest work in economics by subscribing to working paper series, such as NBER’s New This Week or the New York Fed’s Staff Reports . To get an idea of the breadth of questions economists can answer, you could listen to Stephen Dubner’s “ Freakonomics Radio ” podcast. You may also want to explore the Journal of Economic Perspectives , the New York Fed’s Liberty Street Economics blog, VoxDev , or VoxEU .  

What Is a PhD Program Like?    

Economics PhD programs typically last five to seven years. Unlike masters programs, they are often fully funded with a stipend, though most require students to complete teaching assistant and/or research assistant (RA) work as part of their funding package. In the first two years, students take classes, many of which are mathematically demanding. The rest of the program can include additional classes but is primarily devoted to original research with the aim of producing publishable papers that will constitute the dissertation.  

Faculty advisors are a central part of PhD programs, as students look to them for guidance during the research process. Economics PhD programs are offered within university economics departments, but there are similar programs in public policy and business schools. You can look at their websites to understand any differences in coursework and subsequent job placements. 

What Can You Do with an Economics PhD?  

Upon graduation, students can obtain jobs in a variety of industries. Many PhD students hope to become university professors. Governments and public policy-related institutions such as the Federal Reserve System, the U.S. federal government, the World Bank, and the International Monetary Fund (IMF) also hire economists to work on policy, lead programs, and conduct research. Finally, economics PhD graduates can also find employment at a variety of private sector companies, including banks, economic consulting firms, and big tech companies. The pay for these different positions can vary. According to the American Economics Association (AEA), the average starting salary for economics assistant professors in 2022-23 was approximately $140,000 at PhD granting institutions and $98,000 at BA granting institutions. 

Programs often publish the placements of their PhD graduates, so you can look online to see specific employment outcomes. See, for example, the University of Maryland’s placements . Ultimately, economists are highly regarded as authorities on a variety of topics. Governments, nonprofits, philanthropic foundations, financial institutions, and non-financial businesses all look to economists to answer important questions about how to best achieve their goals. Thus, earning an economics Ph.D. can potentially help you to influence issues that are important to you. 

Preparing for an Economics PhD Program  

There are several components to an economics PhD program application: college transcripts, GRE scores, letters of recommendation, and personal statements. Please download the Appendix linked below to learn more about transcripts and letters of recommendation. The Appendix details ways in which you can select coursework, obtain research experience, and develop relationships to position yourself for success as a PhD applicant.  

If you feel that you are too far along in your academic career to take enough of the classes described in the Appendix, this does not necessarily preclude you from pursuing an economics PhD. For example, it’s possible to take some of these classes through a master’s program, or through a pre-doctoral RA job. Some pre-doctoral RA jobs, such as the one here at the New York Fed , may enable you to take classes in preparation for graduate school. If you are concerned about your transcript, reach out to an economist at your university for advice; program standards for coursework and grades vary, and it’s a good idea to get more personalized advice. 

Research Experience   

If you’re interested in becoming an economics researcher and applying to PhD programs, it’s best to get research experience as soon as possible. Working as an RA is a great way to learn how to conduct research and get a better idea of whether it’s the right career path for you. Additionally, it can help you obtain a letter of recommendation for graduate school applications and improve your qualifications.  

All types of academic research can be enriching, but it’s beneficial to gain experience working directly with an economist. To find a position, you can reach out to professors whose work you find interesting or find an RA program at your school. Typical RA tasks may involve data collection and cleaning, as well as running analyses and creating charts to represent results. This is where coding skills become crucial; having taken math, statistics, and econometrics courses will also enable you to take on more responsibilities. 

You may also have the opportunity to conduct your own research, possibly under the supervision of a professor at your university. This research could be self-initiated or part of a course such as a thesis workshop. Self-directed research is a great opportunity to learn about all stages of the research process. It’s also an excellent opportunity to create a writing sample for graduate school applications. Ultimately, though, your motivation for conducting your own research project should be that you want to answer a question.  One thing economists have in common is a love of answering questions using data and theory. 

Research experience is also often obtained after completing an undergraduate or master’s degree. Taking on a full-time RA position before applying to PhD programs is very common and can make you a more competitive applicant. You may either get an RA job working for a professor or participate in a pre-doctoral RA program.  

Research assistant programs are more structured than positions with individual professors or projects, which could be helpful. Universities, parts of the government, think tanks, research organizations, and the Federal Reserve System are all good places to look for research assistant programs. To help you decide which opportunities are most desirable, you may want to ask potential employers : Where do people in this program tend to go afterward? Will I be working directly with an economist? How much of my time will be spent on academic research work? Will I be able to take classes as part of this program? Considering whether an economist will be able to evaluate your performance is an important factor for recommendation letters. The ability to take classes, either through tuition reimbursement or waivers, can also be an important benefit. 

The Research Analyst program here at the Federal Reserve Bank of New York is one example of these programs and you should check it out here . The Federal Reserve Board of Governors also has a large program, and many other regional Federal Reserve Banks have similar programs. In addition, the PREDOC website and the  NBER post listings of RA opportunities. J-PAL and IPA also tend to recruit RAs for economic development projects. Another source of RA opportunities is the @econ_ra account on X. 

Who Should Get a PhD in Economics?  

A PhD may not be for everyone, but it is for anyone—people of all genders, religions, ethnicities, races, and national origins have PhDs in economics. Many economists majored in economics, but others majored in math, physics, or chemistry. Because economics is such an integral part of policymaking, it is important that economists come from a wide range of backgrounds so policy can be stronger and more effective. The inclusion of differing perspectives helps ensure that the contribution of economists to work in public policy, academia, and beyond effectively serves the broadest range of society. 

  • Coursework Appendix

phd scholarships in financial mathematics

Kasey Chatterji-Len is a research analyst in the Federal Reserve Bank of New York’s Research and Statistics Group.

phd scholarships in financial mathematics

Anna Kovner  is the director of Financial Stability Policy Research in the Bank’s Research and Statistics Group.

How to cite this post: Kasey Chatterji-Len and Anna Kovner, “Thinking of Pursuing a PhD in Economics? Info on Graduate School and Beyond,” Federal Reserve Bank of New York Liberty Street Economics , May 31, 2024, https://libertystreeteconomics.newyorkfed.org/2024/05/thinking-of-pursuing-a-phd-in-economics-info-on-graduate-school-and-beyond/.

You may also be interested in: AEA: Resources for Students

PREDOC: Guidance for Undergraduates

RA Positions-Not at the NBER

Disclaimer The views expressed in this post are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).

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