We offer research supervision for our PhD Computational Finance in the following fields: agent-based modelling of financial markets; computational risk management; high-frequency finance; and the use of computational-intelligence methods for investment decision making. We provide a vibrant research environment so our PhD students publish papers in prestigious international conferences and often attract the attention of industry and government; one of our PhD students was recently invited to present their research on term structure models to the Bank of England and many others get the opportunity to directly apply their research through internships at investment banks and hedge funds.
Our graduates have gone on to become quantitative analysts, portfolio managers and software engineers at various institutions, including major investment banks like HSBC and Mitsubishi UFJ Securities.
Please note, part-time research study is also available.
Your research degree gives you the chance to investigate your chosen topic in real depth and reach a profound understanding. In communicating that understanding, through a thesis or other means, you have a rare opportunity to generate knowledge. You develop new high-level skills, enhance your professional development and build new networks. A PhD can open doors to many careers.
Within CCFEA, our PhD students are normally jointly supervised by academic staff in two of our constituent departments, in order to give you an interdisciplinary perspective to your topic of research. How you will study
The aim of undertaking your PhD within CCFEA is to become trained as am independent researcher who can critically assess other research work, and have a comprehensive knowledge of their subject area.
Our PhD programme is usually three to four years duration and all our students are initially registered as Mphil/PhD students, then transferred to the PhD in the first half of their second year of study if they have made satisfactory progress. In your second and third years, you work towards your PhD. Finalising your PhD
Within CCFEA, your PhD thesis is generally completed within three to four years and has a length of around 80,000 words.
Your PhD is awarded after your successful defence of your thesis in an oral examination, in which you are interviewed about your research by two examiners, at least one of whom is from outside Essex. Seminars and conferences
Within CCFEA, we host advanced workshops and seminars by experts in the area of computational finance and economics, so you have the opportunity to attend lectures given by practitioners, including senior staff from HSBC, Olsen Ltd, Royal Bank of Scotland and the Financial Services Authority.
Universities in the United Kingdom use a centralized system of undergraduate application: University and College Admissions Service (UCAS). It is used by both domestic and international students. Students have to register on the UCAS website before applying to the university. They will find all the necessary information about the application process on this website. Some graduate courses also require registration on this website, but in most cases students have to apply directly to the university. Some universities also accept undergraduate application through Common App (the information about it could be found on universities' websites).
Both undergraduate and graduate students may receive three types of responses from the university. The first one, “unconditional offer” means that you already reached all requirements and may be admitted to the university. The second one, “conditional offer” makes your admission possible if you fulfill some criteria – for example, have good grades on final exams. The third one, “unsuccessful application” means that you, unfortunately, could not be admitted to the university of you choice.
All universities require personal statement, which should include the reasons to study in the UK and the information about personal and professional goals of the student and a transcript, which includes grades received in high school or in the previous university.
For research study within CCFEA, we normally require a good Masters degree, or equivalent, in a relevant discipline. A well developed research proposal is also essential.
If English is not your first language, then we will require you to have IELTS 6.0 or equivalent.
IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa.
The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.
For up-to-date information on funding opportunities at Essex, please visit: