A Master of Science program typically takes one to two years to finish and helps students acquire the proficiencies necessary for higher level careers. Graduate studies that often follow a Bachelor of Science tend to focus on scientific areas and usually culminate in a thesis.
What is an MSc in Stochastics? This degree program typically focuses on the theory and application behind randomly determined phenomena such as molecular interactions or financial market variabilities. Subdivisions may include operations research or statistics and probability theory, and a range of specializations and elective courses may also be available. Courses teach theoretic probability, mathematical and industrial statistics, financial stochastics and stochastic processes. Programs generally last for one to two years and usually conclude with a research project and associated thesis. Studies may be research-based, course-based or a combination.
Those who earn a Master of Science in Stochastics tend to have strong problem-solving, quantitative and evaluative skills. These competencies can open doors for high-level career opportunities while enhancing the ability to effectively approach, assess and deal with the unknown and the unexpected both professionally and personally.
Prospective students should thoroughly research and compare schools when deciding where to attend. Costs can vary depending on the institution, location, degree requirements and program length.
Studies prepare graduates for public service and business positions in the telecommunications, banking, insurance and railroad industries in addition to planning and statistical agencies, actuarial consultancies and forensic institutions. Careers usually surround social sciences, mathematics, linguistics, artificial intelligence, music, natural or computer sciences, medicine, biology, physics, media, manufacturing and finance. Popular positions include data scientists, actuaries, economic and management consultants, benefits and compensation managers and quantitative, credit, research, policy and financial analysts. Graduates with high marks may also pursue doctoral degrees.
Numerous worldwide locations offer this degree, and convenient online options may also be available. Search for your program below and contact directly the admission office of the school of your choice by filling in the lead form.
The M.Sc. in Stochastics and Data Science is a two-year graduate course that aims at preparing students with a modern education in probabilistic, statistical and computational methods. [+]
The M.Sc. in Stochastics and Data Science is a two-year graduate course that aims at preparing students with a modern education in probabilistic, statistical and computational methods.
Inspired by the best programs in Data Science recently started in the USA and Europe, this course brings together the expertise of three Departments of the University of Torino and their research groups in Probability, Statistics and Computer Science, and is currently the only offer of this type in Italy to award a degree in Mathematics.
The Program is entirely taught in English and will provide students with a solid knowledge of key topics in Applied Mathematics, Probability, Statistics and Machine Learning. These are nowadays essential tools for performing mathematical modeling under uncertainty and for analyzing complex, high dimensional datasets with a deep mathematical understanding of the underneath structures.... [-]
Stochastics examines phenomena in which chance plays a central role, such as election results, fluctuations in stock prices or molecular interactions in a living cell. It can be subdivided into statistics, probability theory and stochastic operations research. [+]
Stochastics examines phenomena in which chance plays a central role, such as election results, fluctuations in stock prices or molecular interactions in a living cell. It can be subdivided into statistics, probability theory and stochastic operations research. Financial mathematics is an important field in the application of stochastics which offers fascinating research possibilities.
The Master's programme Stochastics and Financial Mathematics train you in the full depth and breadth of these fields, in both theory and application.
There is a wide range of specialisations available, based on the many areas in which stochastics is applied, their scope and the challenging problems they pose. Both theoretically inclined and more practically oriented students can select specific courses to suit their personal interests.... [-]