Actuarial and Financial Mathematics PhD

  • Delivery: Full Time, Part Time
  • Programme type: Research
  • Study location: Edinburgh


Actuarial and Financial Mathematics is one of the main research areas within our Mathematical Sciences grouping.  PhD opportunities are alighted with the research interests of our academic staff and are broadly as follows:

  • Risk management
  • Actuarial mathematics
  • Finance & insurance interface
  • Pension metrics
  • Stochastic asset models
  • Pricing & hedging of derivative securities

The school also hosts the Actuarial Research Centre with funding from the Faculty of Actuaries Endowment Fund, which acts as the focus for postgraduate research and training in actuarial science and quantitative risk management in Scotland.

Programme duration

A PhD programme normally lasts for 3 years as a full time student.  Part-time options are available. 


Additional information

We are part of the Maxwell Institute for Mathematical Sciences, a joint research institute  bringing together within a single body the research activities of :

The institute obtained excellent results in the most recent Research Assessment Exercise, RAE 2008.

We are part of the Edinburgh Research Partnership in Engineering & Mathematics, alongside Edinburgh University, which consists of five joint research institutes and a joint graduate school.

We work closely with the financial services industry via the Scottish Financial Risk Academy.

Your career

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Entry requirements

Contact Professor Andrew Cairns to discuss further:

Or for more general information, please send an email enquiry to:

English language requirements

If your first language is not English, or your first degree was not taught in English, we’ll need to see evidence of your English language ability. The minimum requirement for English language is IELTS 6.5 or equivalent. We offer a range of English language courses to help you meet the English language requirement prior to starting your masters programme:

  • 14 weeks English (for IELTS of 5.5 with no more than one skill at 4.5);
  • 10 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills);
  • 6 weeks English (for IELTS 5.5 with minimum of 5.5 in reading & writing and minimum of 5.0 in speaking & listening)

Tuition fees

Tuition fees for 2016 entry (by residency status)
Home/EUResearch council fee TBC

* If you are unsure which category you fall in to, you should complete a fee status enquiry form, which allows us to assess your fees.

Scholarships & bursaries

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.

View our full range of postgraduate taught scholarships and postgraduate research scholarships.