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About Stochastic Processes
Masters degrees in Stochastic Processes focus on systems and processes involving random variables.
Related subjects include Financial Mathematics, Scientific Computation and Applied Stochastics. Entry requirements typically include an appropriate undergraduate degree in a relevant mathematical discipline.
Stochastics can be used to efficiently describe the randomness in all systems present in the natural and social world. As such, stochastic processes can help explain data collected about these systems, an ability that is useful across several industries.
For example, you might specialise in statistical mechanics, applying probability theory to study the behaviour of a mechanical system when its functional state is uncertain. This expertise can be applied to industries such as aerospace engineering and automotive design, as well as manufacturing.
Alternatively, you may work within financial markets such as insurance, investments and banking, analysing the stock exchange, predicting potential losses and optimising profits. Similarly, you may be involved in operational research for a variety of organisations, modelling budgets and other activities.
If a career in academia is of interest to you, your Masters would provide ideal groundwork for further study at PhD Level.
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The MRes in Stochastic Processes. Theory and Application is delivered through optional modules for the taught element followed by a large research project that contributes to the field in an explicit way, rather than merely applying existing knowledge.
The programme draws on LSE's strengths in finance and related areas to provide high-level instruction in the mathematical theory underlying finance, and training in appropriate computational methods.
Do you have an aptitude and passion for mathematics and statistics, a keen interest in finance and insurance and want to work for a major financial organisation in finance, insurance or the money market? This course will provide you with a deep understanding of the world of finance,and give you the ability to speak its 'language'.
The focus of this course is using mathematics to solve biological and biomedical problems. Graduates from this course are well placed to make significant contributions to the rapidly expanding healthcare sector and major societal challenges including global sustainability.
Our MPhil/PhD degree in Mathematics and Statistics aims to train you to conduct research of a high academic standard and to make original contributions to the subject.
The financial sector is increasingly using sophisticated mathematical models to predict the development of markets and risks related to the services and products it provides. Banks, building societies, accountancy, insurance, investment and pension companies demand graduates with strong quantitative skills.
This is one of the few dedicated Applied Mathematics MSc programmes in the UK. For over 40 years Heriot-Watt has been exceptionally strong in Applied Mathematics and we have world-leading researchers in many related areas and very good links with industry.
Next to high-quality research programmes, Radboud University offers personal teaching and the opportunity to customise your curriculum with elective courses.
The School of Mathematical and Physical Sciences at the University of Sussex comprises two highly ranked departments and a lively academic community that is welcoming, stimulating and supportive. Sussex has a prestigious international reputation and is ranked amongst the top 20 universities in the UK, with both departments ranked amongst the top 15 (Guardian University Guide 2018).
Our postgraduate programmes are specifically designed to enhance your career prospects and research expertise. Students will benefit from our broad range of industrial partners and internationally leading research expertise, and will get the opportunity to work within our research groups.