Study in:South Africa
Deadline: 15 November 2017
AIFMRM Fully Funded PhD Student Fellowships to Study Abroad, 2018: The African Institute of Financial Markets and Risk Management (AIFMRM) is now accepting applications for fully funded PhD Student Fellowships for those who want to broaden their academic horizon to spend a semester abroad during their Ph.D.
The aim of the fellowship is to provide full finance to the students.
The African Institute of Financial Markets and Risk Management (AIFMRM) in the Faculty of Commerce at the University of Cape Town is a postgraduate institute committed to increasing the extent and depth of expertise in the African financial service industry. The institute conducts rigorous scholarly research and takes a critical and quantitative approach to the study of financial markets, risk management, and financial innovation.
Course Level: Fellowships are available to pursue PhD programme.
Study Subject: The key research areas are:
- Financial Technology
Our research in financial technology focuses on two broad areas: artificial intelligence in finance and distributed ledger technologies. In artificial intelligence, we are particularly interested in applications of deep learning, including AI and algorithmic trading; robo-advisors; and process automation. However, we are also interested in foundational research in artificial intelligence, specifically around strategic interactions between AI and humans. For our second focus area around distributed ledger technologies, we are particularly interested in applications of blockchain to remittances, payment systems, but also in the broader question of how distributed ledgers will affect the financial system. A Ph.D. student in financial technology could work closely with computer scientists, mathematicians, and statisticians, and we explicitly encourage applications from good Master’s students from these fields.
- Mathematical and Quantitative Finance
Our research in mathematical finance focuses mainly on the theoretical and quantitative modeling of financial markets and instruments, as well as the techniques from numerical analysis, optimization, simulation, stochastic analysis and statistics on which these models are founded. Current research topics include, among others, volatility modelling, multi-factor and multi-curve interest rate modelling, efficient computation of solutions of stochastic differential equations, model risk and uncertainty, calibration methods, optimal hedging strategies for exotic instruments, valuation adjustments and counterparty credit risk, applications of filtering techniques to finance, and the pricing of insurance-linked securities.
- Macroeconomics & Finance
Our research broadly involves empirical and theoretical analysis of linkages between financial markets and the macroeconomy; and agency relationships and their impact on firm financial and investment decisions. Current research topics include financial intermediation, micro- and macro-prudential supervision, systemic risk, economic policy, international capital flows, and firm financing choices.
Scholarship Award: Benefits
- AIFMRM offer a three-year, fully funded fellowship of R190 000 per annum.
- Research support is available, e.g. for conference travel and publication costs.
- AIFMRM encourage and actively support PhD Students to undertake internships either in the financial industry or with regulatory authorities and central banks during their PhD.
- AIFMRM has an extensive set of collaborations with leading universities in Europe and the USA and we encourage students who want to broaden their academic horizon to spend a semester abroad during their PhD
Number of Scholarships: Not Known
Scholarship can be taken in Abroad
Eligibility: The following criteria must be met in order for applicants to be eligible for the scholarship:
The institute is looking for enthusiastic PhD students with a Master’s degree in economics, finance, computer science, statistics, financial mathematics, or closely related fields. We offer a three-year, fully funded fellowship of R190 000 per annum. Research support is available, e.g. for conference travel and publication costs. We encourage and actively support PhD Students to undertake internships either in the financial industry or with regulatory authorities and central banks during their PhD AIFMRM has an extensive set of collaborations with leading universities in Europe and the USA and we encourage students who want to broaden their academic horizon to spend a semester abroad during their PhD.
Nationality: International students are eligible to apply for this scholarship programme.
College Admission Requirement
Entrance Requirements: Applicants must have their Master degree in economics, finance, computer science, statistics, financial mathematics, or closely related fields.
English Language Requirements: Applicants whose first language is not English are usually required to provide evidence of proficiency in English at the higher level required by the University.
How to Apply: Applications must be sent to Co-Pierre Georg via e-mail, African Institute of Financial Markets and Risk Management, University of Cape Town, Rondebosch 7700, South Africa).To apply, please send the following:
- A letter of motivation
- A complete CV including the names and contact details of two references
- Academic transcripts
Application Deadline: The application deadline is November 15, 2017.