The London Graduate School in Mathematical Finance is a consortium of the mathematical finance groups at Birkbeck, Brunel University, Imperial College, King's College, LSE and UCL. Its primary purpose is to provide a programme of advanced courses in mathematical finance, primarily for first-year MPhil/PhD students in the various groups. The programme started in October 2006. A further activity of the School is organization of PhD Seminar Days, in which students have the opportunity to present their work.
Full-time students undertaking the programme are first-year (or in exceptional cases second-year) research students, already in possession of a suitable Master's degree. The UK MPhil/PhD involves significantly less coursework than a US PhD and therefore students must have MSc degrees or their equivalent on entering. Normally we do not consider applications from those students whose average grade is less than 60% across all modules of an MSc degree. Birkbeck offers MSc programmes in Economics, Financial Economics, Finance, Financial Risk Management and Financial Engineering.
According to University of London regulations, students are initially registered for the MPhil degree. Subject to satisfactory progress (completion of at least one thesis chapter which is not a survey of the literature) and presentation of their research in the doctoral seminar of the Department, they then transfer registration to PhD, normally during their second year. The rest of the PhD involves writing a dissertation under the supervision of a faculty adviser.
The programme is administered by the Department and taught by the Department and the London Graduate School in Mathematical Finance for some options, and is supported by the College Research School.
A useful guide for research students is available here.
Beginning full-time MPhil/PhD students are required to attend a series of lectures and research workshops, covering topics that are at the cutting edge of recent developments in economic theory and methodology. Students also select option classes from the MSc Economics, the MSc Financial Economics, the MSc Finance, the MSc Financial Risk Management, or the MSc Financial Engineering at Birkbeck or at the London Graduate School of Mathematical Finance. Students are normally expected to achieve a grade of at least 60% in all required courses in order to be admitted into the second year of the programme. Coursework is not normally compulsory for part-time MPhil/PhD students; however, if deficiencies in previous training are identified, students may be required to undertake suitable coursework. After the successful completion of coursework, students proceed to write a PhD dissertation.
Courses from the following programmes will be offered this year.