Probability and Stochastic Analysis PhD

The University of Edinburgh

Course modalities offered

On campus - h Central area campus
Sep 1, 2024 Part-time - 6 years

On campus - h Central area campus
Sep 1, 2024 Full-time - 3 years

Key Course Facts

Student Satisfaction	83%
Salary after 15 months	£23000
Number of students	48 graduates / year
Unemployment Rate	5% unemployed Proportion of students of this particular course unemployed and not studying 15 months after their course ended. Source: Longitudinal Education Outcomes (LEO) by UK Department for Education Dec 20, 2022
Student Dropout Rate	0% Proportion of students of Probability and Stochastic Analysis PhD who are not continuing into their following year of study or have not been awarded a qualification in either of the two comparison years. Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023
Duration	6 years - Part-time
Campus	On campus - Central area campus
Degree	Doctor of Philosophy, PhD

Student Satisfaction	83%
Salary after 15 months	£23000
Number of students	48 graduates / year
Unemployment Rate	5% unemployed Proportion of students of this particular course unemployed and not studying 15 months after their course ended. Source: Longitudinal Education Outcomes (LEO) by UK Department for Education Dec 20, 2022
Student Dropout Rate	0% Proportion of students of Probability and Stochastic Analysis PhD who are not continuing into their following year of study or have not been awarded a qualification in either of the two comparison years. Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023
Duration	3 years - Full-time
Campus	On campus - Central area campus
Degree	Doctor of Philosophy, PhD

Admission advice for international students

Student Reviews

Overall student satisfaction

83 /100

30 total respondents

	The University of Edinburgh, Probability and Stochastic Analysis PhD
Explanations	82
Interesting courses	75
Intellectually stimulating	82
Challenged to do my best	82
Depth of concepts	82
Builds on previous learnings	75
Joined ideas from different topics	75
Balance directed/independent study	50
Applicability of course content	75
Clear criteria in markings	75
Fair assessment	82
Tests reflected your learning	71
Timely feedback	68
Helpful feedback	57
Approachability of teachers	71
Support from teachers	75
Organisation of courses	71
Communication of changes	82
IT facilities	93
Library	93
Course specific resources	89
Student feedback opportunities	71
Student feedback valued	75
Student's feedback acted upon	57
Work of student union	63
Mental wellbeing services	81
Overall satisfaction	83

Source: National Student Survey NSS 2023. The Overall student satisfaction data point is from 2022 (latest available year). The Office for Students made the unfortunate decision to discontinue collecting overall student satisfaction data points per course.
This particular course

The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Accounting

Important: Salary data below is not course specific, but contains data of all students of Finance, Banking, Corporate Finance, Fintech at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

	15 months after graduation	3 years after graduation	5 years after graduation
Median salary	£23000	£29500	£39500
25-75 percentile range	£21000 - £30000	£23500 - £34000	£29500 - £48000

Source: HESA - Graduate Outcomes Survey Oct 10, 2023
All Accounting courses of The University of Edinburgh

Salary of all UK Graduates of Accounting

	15 months after graduation	3 years after graduation	5 years after graduation
Median salary	£24406	£24662	£30689
25-75 percentile range	£21389 - £28940	£19296 - £31978	£22604 - £41672

Source: Longitudinal Education Outcomes (LEO) by UK Department for Education Dec 20, 2022
All Accounting courses in the UK

Course Description

Our research group operates in what is perhaps the most widely applied area of mathematics. The financial sector, in particular, is a major focus of our research, and graduates with the right research experience can make their way into highly rewarding roles in industry.

As part of our small, specialised group, you'll enjoy a research environment that features a balance between theory and practice, access to one of the most powerful computing facilities in the UK and strong links with relevant industries.

The School of Mathematics is a vibrant community of more than 60 academic and related staff supervising 60 students.

Our research focuses on the following themes:

stochastic differential equations and stochastic partial differential equations (PDEs) and their applications in nonlinear filtering and stochastic control
applications of stochastic analysis of PDEs, stochastic PDEs and stochastic differential equations (accelerated numerical methods in particular)

We’re also involved in the applications of probability theory, mainly to mathematical finance, particularly stochastic volatility models, equivalent martingale measures and incomplete markets. Other applications include engineering, signal procession and biological sciences.

Accredited by the Association of Chartered Certified Accountants (ACCA) for the purpose of exemptions from some professional examinations.

Accredited by the Association of International Accountants (AIA) for the purpose of exemption from some professional examinations.

Accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Accredited by the Chartered Institute of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route.

Accredited by the Chartered Institute of Public Finance and Accountancy (CIPFA) for the purpose of exemption from some professional examinations.

Accredited by the EFMD Quality Improvement System.

Accredited by the Institute of Chartered Accountants in England and Wales (ICAEW) for the purpose of exemption from some professional examinations.

Accredited by the Institute of Chartered Accountants Scotland (ICAS) for the purpose of exemption from some professional examinations.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

What graduates are doing after 15 months

	Graduates of this course
Total respondents	15
Unemployed	5%
Studying	0%
Working	55%
Both studying and working	30%
No information	5%

Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Current jobs

Job in line with future plans

Utilise skills from studies

Work is meaningful

	Agree or strongly agree	Disagree
Job in line with future plans	80%	20%
Utilise skills from studies	65%	35%
Work is meaningful	95%	5%

Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Required skill level of job after 15 months

% Skilled jobs

	% Skilled jobs
Highly-skilled jobs	75%
Non highly-skilled jobs	25%
Skill level unknown or unclassified	0%

Source: HESA - Graduate Outcomes Survey Oct 10, 2023
This particular course

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Probability and Stochastic Analysis PhD at The University of Edinburgh

75%	Media Professionals
25%	Teaching Professionals

Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023

Grading & Study Time

Assessment Methods

Study Time Distribution

Assessment Methods
	Coursework	Percentage of assessment by practical exams	Written exams

Study Time Distribution
	Scheduled learning and teaching	Guided independent study	Placements
year 1	23%	77%	0%
year 2	22%	78%	0%
year 3	15%	85%	0%
year 4	10%	90%	0%

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

Average UCAS Tariff Score 195

Tariff score	% Students accepted for this course
<48	5
48-63	0
64-79	0
80-95	0
96-111	0
112-127	5
128-143	5
144-159	10
160-175	5
176-191	5
192-207	15
208-223	15
224-239	5
>240	30

Source: Unistats by Higher Education Statistics Agency (HESA) Oct 10, 2023
This particular course

Get advice on which foundation courses are best for you to still study Probability and Stochastic Analysis, PhD, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

Entry requirements for individual programmes vary, so please check the details for the specific programme you wish to apply for on our website. You will also need to meet the University’s language requirements.

Costs

Average student cost of living in the UK

Rent	£518
Water, gas electricity, internet (at home)	£50
Supermarket shopping	£81
Clothing	£35
Eating out	£33
Alcohol	£27
Takeaways / food deliveries	£30
Going out / entertainment (excl.alcohol, food)	£24
Holidays and weekend trips	£78
Transport within city	£17
Self-care / sports	£20
Stationary / books	£13
Mobile phone / internet	£13
Cable TV / streaming	£7
Insurance	£51
Other	£95

Average student cost of living	£1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

Source: Own research based on surveys and university data

University Rankings

Positions of The University of Edinburgh in top UK and global rankings.

Rankings of The University of Edinburgh in related subject specific rankings.

Mathematics

- #2
- #4
Mathematics

The Guardian University League Tables by Subject
[Published 09 September, 2023]
- #2
- #9
Mathematics

CUG The Complete University Guide - By Subject
[Published 08 June, 2023]
- #1
- #145
Mathematics

NTU Rankings by Subject
[Published 11 July, 2023]

See all 40 university rankings of The University of Edinburgh

About The University of Edinburgh

The University of Edinburgh is located in the Scottish city of the same name, and is one of the oldest universities in the entire United Kingdom, having opened in the year 1583. The university enjoys a strong reputation for its contributions to international research efforts, which is reflected in their inclusion in the Russell Group, Universitas 21, and Una Europa. Edinburgh offers its residents a historic yet modern city, with a lively nightlife scene, reliable public transport, and friendly locals.

List of 686 Bachelor and Master Courses from The University of Edinburgh - Course Catalogue

Similar courses

	Program	University	Student satisfaction	Unemployed	Dropout	Tuition (UK)	Tuition (International)	UCAS Tariff	City
	Probability and Stochastic Analysis PhD	The University of Edinburgh	-	-	-	-	-	-	Edinburgh	On campus Part-time

Probability and Stochastic Analysis PhD

The University of Edinburgh

Key Course Facts

Student Reviews