The Financial Mathematics Research Group of the Department of Mathematics at the London School of Economics and Political Science (LSE) is inviting applications for PhD studies and LSE PhD studentships. We are seeking exceptionally talented and motivated students with a strong mathematical background and interest in financial mathematics, stochastic optimal control, stochastic analysis and related areas.

The research group consists of Christoph Czichowsky, Albina Danilova, Pavel Gapeev, Arne Lokka, Johannes Ruf, Luitgard Veraart and Michalis Zervos covering all areas of financial mathematics including optimal investment, pricing and hedging of financial derivatives, financial markets with frictions, optimal execution, systemic risk, stochastic optimal control, and applications of machine learning in financial mathematics.

PhD students are enrolled at LSE and take part in the London Graduate School in Mathematical Finance – a consortium of the financial mathematics groups of Birkbeck College, Bayes Business School, Imperial College, King’s College, LSE, Queen Mary and UCL – and are expected to complete their studies within four years. Applicants will be considered for LSE PhD studentships covering fees and paying GBP 20,622/year (approximately EUR 23,950 or USD 26,000) for up to 4 years. The studentships are usually tax free. The award of these scholarships is competitive, based on academic performance (typically in an MSc or equivalent). The application deadline for LSE PhD studentships is 15 January 2024.

For further details how to apply, please visit and

For academic questions, applicants can contact Christoph Czichowsky

For administrative and regulatory question, please contact Emily Jackson