Patna University PhD in Financial Mathematics Admission 2024-25, Event, Faculties, Direct Admission

PhD Financial Mathematics About

A Ph.D. in Financial Mathematics is a research-oriented program that combines mathematical theory and methods with financial applications. This program is designed to provide students with advanced knowledge and skills in financial mathematics, economics, and statistics, as well as a deep understanding of financial markets and instruments.

During the course of the Ph.D. program, students will typically undertake coursework in topics such as stochastic calculus, partial differential equations, numerical methods, statistical analysis, optimization, and financial economics. They will also undertake original research under the guidance of a faculty advisor, culminating in a dissertation that contributes to the field of financial mathematics.

Graduates of a Ph.D. in Financial Mathematics are well-equipped to pursue careers in academia, research institutions, government agencies, and the financial industry. They may work as professors, quantitative analysts, risk managers, financial engineers, or consultants, among other roles.

Some universities that offer Ph.D. programs in Financial Mathematics include New York University, the University of Chicago, Columbia University, and Carnegie Mellon University. Admissions requirements typically include a bachelor's or master's degree in a related field, strong quantitative skills, and letters of recommendation.

PhD Financial Mathematics Highlights

PhD Financial Mathematics Entrance Exam

The entrance exam requirements for a Ph.D. in Financial Mathematics may vary depending on the institution. Some universities may require applicants to take the GRE (Graduate Record Examination) and/or TOEFL (Test of English as a Foreign Language) if English is not their first language. Applicants should check with the specific institution they are interested in attending to determine the entrance exam requirements.

Eligibility Criteria for PhD Financial Mathematics

To be eligible for a Ph.D. program in Financial Mathematics, applicants typically need to have a bachelor's or master's degree in a related field, such as mathematics, statistics, economics, or finance. In addition, applicants should have a strong academic record and excellent quantitative skills. Most programs require applicants to submit transcripts, letters of recommendation, a statement of purpose, and GRE scores. International students may also need to submit TOEFL scores.

Phd Financial Mathematics Duration

• The duration of a Ph.D. program in Financial Mathematics varies depending on the institution and the student's progress, but typically takes four to six years to complete.
• During this time, students will complete coursework, undertake original research, and write a dissertation.

Phd Financial Mathematics Selection Criteria

Admissions committees typically evaluate applicants based on their academic record, quantitative skills, letters of recommendation, statement of purpose, and entrance exam scores.

Some programs may also consider additional factors, such as research experience or relevant work experience.

How to Apply for PhD Financial Mathematics

Applicants typically apply directly to the institution offering the Ph.D. program in Financial Mathematics. Application materials, including transcripts, letters of recommendation, a statement of purpose, and entrance exam scores, should be submitted online or by mail according to the specific instructions provided by the institution. Some programs may require an application fee. Applicants should check with the institution they are interested in attending for specific application requirements and deadlines.

PhD Financial Mathematics Application Process

The application form and process for a Ph.D. program in Financial Mathematics will vary depending on the institution. Applicants should visit the institution's website to download the application form and instructions. Typically, the application process will include submitting transcripts, letters of recommendation, a statement of purpose, entrance exam scores (such as GRE), and other supporting documents. Some institutions may require an application fee. Applicants should carefully review the application requirements and deadlines, and submit their materials well before the deadline.

PhD Financial Mathematics Fee Structure

• The application fee for a Ph.D. program in Financial Mathematics will vary depending on the institution.
• Some institutions may waive the fee for applicants who meet certain criteria, such as those who are applying for financial aid.
• Applicants should check with the institution they are interested in attending for specific information on application fees.

Syllabus of PhD Financial Mathematics

• Advanced Probability
• Stochastic Calculus
• Mathematical Finance I
• Mathematical Finance II
• Time Series Analysis
• Optimization Methods
• Numerical Methods
• Risk Management
• Empirical Finance
• Dissertation Research

Job Scope After PhD Financial Mathematics

Graduates of a Ph.D. program in Financial Mathematics can pursue a variety of careers in academia, research institutions, and the financial industry. Some examples of job titles include professors, quantitative analysts, risk managers, financial engineers, and consultants. According to Payscale.com, the average salary for a Quantitative Analyst with a Ph.D. in Financial Mathematics is $117,000 per year. However, salaries can vary widely depending on factors such as industry, location, and experience.

PhD Financial Mathematics Career Opportunities

Some career opportunities for graduates of a Ph.D. program in Financial Mathematics include:

PhD Financial Mathematics Top Colleges

Some of the top colleges for a Ph.D. program in Financial Mathematics include:

• New York University, USA
  
• University of Chicago, USA
• Columbia University, USA
• Carnegie Mellon University, USA
• University of Oxford, UK
• University of Cambridge, UK
• ETH Zurich, Switzerland
• Paris Dauphine University, France
• National University of Singapore, Singapore
• Australian National University, Australia.

Admission Process for PhD Financial Mathematics

• Application for the entrance exam 
• Result declaration
• Entrance pass scholar calling for the interview and document verification
• Provisional registration for pre Ph.D. course work classes
• Coursework classes shall be attended as scheduled by University
• Course work examination
• Result declaration of coursework
• Submission of synopsis ( 2 spiral bound copies with soft copy of synopsis)
• Departmental research committee meeting scheduled by University
• A registration letter shall be issued
• Research work started by scholar
• 6 progress reports shall be submitted
• Soft copy thesis submit
• plagiarism report check by the university
• Final after the plagiarism report soft copy thesis shall be sent to experts for evaluation
• After the consent of experts pre-submission, one set spiral binding shall be submitted
• After the successful presentation of the pre-submission thesis 3 copies of hard bound thesis shall be  submitted
• Viva shall be conducted as scheduled by University, Degree Awarded.

Document Required for PhD Financial Mathematics

1. Documents (10th onwards)
2. Aadhar Card/Pan Card, Caste Certificate
3. Migration Certificate (Original)
4. NOC (From Organization/ Institute/ University)
5. Affidavit (undertaking)
6. Guide Willing
7. Assignments
8. Synopsis (3 copies), Progress Report
9. Library No Dues
10. Lab Letter
11. Thesis Hard copy (Spiral binding)
12. No Dues, Thesis (6 hard copies)
13. Affidavit -Submission (on Rs 100 Stamp and Notary Attested)
14. C.D Soft copies (Thesis & Synopsis)
15. Conference Certificate - 2
16. Research Papers -2 (with ISSN No.)
17. summary (page limit 20-30) -3 Copies 
18. Plagiarism Report Below 10%

FAQs About PhD Financial Mathematics

Q.1 - What is the procedure for Ph.D. Admission to the University?

ANSWER: - The Ph.D. and M.Phil. programs of prestigious Universities are conducted and guided strictly as per the provisions and regulations dictated by the UGC (Minimum Standards and Procedure for Award of Ph.D./M.Phil. Degrees) (1st Amendment) Regulations, 2018 and subsequent amendments. The entire procedure for admission to the research programs encompasses a Research Entrance Exam (RET) and then an Interview/Viva Voce. The performance of a candidate in the RET is given 70% weightage, and the remaining 30% weightage is given to his/her performance at the Interview.

Q.2 - What are the modes of pursuing M.Phil. & Ph.D. programs at the University?

ANSWER: -Both the full-time and part-time modes are available at University for pursuing its Ph.D. programs and only the full-time mode is available for M.Phil. program in the desired subjects/fields. These highly-qualitative and prolific research programs are available in a rather broad range of fields/subjects. At University, the minimum time duration of the M.Phil. and Ph.D. programs is 1.5 Years and 3 Years, respectively, in general.

Q.3 - Are the Ph.D. and M.Phil. Degrees granted by any University valid abroad?

ANSWER: -Yes, of course. If the University is properly recognized under section 2(f) of the UGC Act of 1956 and is a prestigious member of the AIU (the Association of Indian Universities). It is an M.Phil. and Ph.D. degrees granted in various fields/subjects are duly valid across India and the world.

Q.4 - What are the main eligibility criteria for participating in the University Research Entrance Exam (RET)?

ANSWER: -The following are the main eligibility conditions for participating in the RET: - A rigorous Master’s Degree in the proposed subject/field obtained from any recognized university/institution located in India or abroad, with a minimum of 55% marks in aggregate or an equivalent grade. Candidates belonging to SC/ST/OBC/Differently-abled categories are given a 5% relaxation in respect of this eligibility criterion. Candidates with an M.Phil. degree in the proposed field/subject, or have qualified for the UGC (JRF) Examinations/ NET/ SET/ SELT, etc., will be allowed to appear directly for the interview, without appearing in the RET. Impressive academic records, and any prior experience in research work, will be given additional advantages.

Q.5 - What relaxations are granted to the reserved categories for PhD Admission to the University?

ANSWER: - Candidates belonging to the categories of SC/ST/OBC (Non-Creamy layer)/Differently-Abled, and so on, are given all relaxations prescribed by the Govt. of India and the UGC. These relaxations are provided in the form of 5% reduced marks for them at post-graduation, and also in the minimum qualifying marks at RET. Thus, candidates belonging to these categories only need to score a minimum of 45% marks at RET, to qualify for the final interview.

Q.6 - What will be the pattern of RET?

ANSWER: - The syllabus or pattern of RET consists of subject-specific matters, research methodology, and aptitude (covering logical reasoning, numerical ability, analytical reasoning, statistics, etc.).Thus, RET will contain a total of 70 multiple-choice questions (MCQs).

Q.7 - Are M.Phil. Holders/UGC- NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE exempted from appearing at RET?

ANSWER: - Yes. The holders of M.Phil. degrees in their respective fields/subjects are made exempt from appearing in RET. The same is the situation in cases of aspiring candidates who have qualified exams like UGC-NET (including JRF)/ UGC-CSIR NET (including JRF)/ SLET/ GATE, etc.

Q.8 - How is the application fee paid?

ANSWER: - The Application Fee (i.e. the fee for getting participated in RET) can be paid online or offline, like the Application Form. Payment Modes: DD (in Favor of the University) / NEFT/ Cash Deposit.

Q.9 - Do working candidates require to obtain NOC from employers for pursuing research at any University?

ANSWER: - Yes, necessarily. Working Professionals who are interested in research at any University are required to obtain the NOC (No Objection Certificate) from their respective employers, in order to avert any intrusion ever during the entire doctoral course.

Q.10 - Does an M.Phil. holder require to undergo Ph.D. coursework?

ANSWER: - Yes. M.Phil. holders are again required to undergo the coursework in Ph.D. at some Universities. However, their prior knowledge in the field/subject will be very supportive to them for learning and performing efficiently during the Ph.D. program.

Q.11 - Can I pay the yearly program/course fee in installments?

ANSWER: - Yes, you can pay the yearly course fee as many as in two installments, but well within the yearly session.

Q.12 - Does Any University provide any scholarship or stipend to pursuing scholars?

ANSWER: - Yes, of course. Many Universities offer scholarships as well as stipends to meritorious and talented candidates who undertake research studies at the University. Scholarships are granted to those candidates who come under the top 21 by scoring higher marks in RET and interviews. And, stipends are provided to those scholars who also give lectures to UG or PG students at the University, in addition to doing their Ph.D. coursework. The amount of the monthly stipend will be commensurate with the candidate’s qualifications and capabilities and may go up to Rs. 20,000.

Q.13 - What other many facilities are provided to research scholars at the University Campus?

ANSWER: - All necessary and constructive resources, amenities, and facilities are offered by well-established and prestigious universities to research scholars in various streams/subjects. These facilities include the following - spacious and peaceful study rooms, erudite and well-experienced academicians and research experts, Wi-Fi and diverse IT devices, state-of-the-art laboratories, well-stocked libraries, lavish R&D amenities, separate amenities for lodging and foods for male and female candidates, peaceful and constructive environment within the university campus, and many other comforting and convenient facilities and services.