Master of Science in Stochastic Systems and Optimization Program By Stevens Institute of Technology |Top Universities

Master of Science in Stochastic Systems and Optimization

Main Subject Area

MathematicsMain Subject Area

Program overview

Main Subject

Mathematics

Study Level

Masters

Stochastics is the study of complex, randomized systems that tend to resist prediction. A broad spectrum of industries require skilled professionals that can bring clarity to the accumulating information overload, enabling everyone from doctors to financiers to make better predictions about an unknown future. Finance is often a focal point of stochastics, and there's no better place to study it than at Stevens — a stone's throw from the financial capital of the world. Stochastic Systems and Optimization Master's students are provided with the theoretical foundation and computational laboratory resources to tackle pure and applied problems in mathematics, in preparation for professional career opportunities as well as further study towards a Ph.D. in Mathematics. Students explore how phenomena, probability, and chance affect complex systems in a variety of disciplines. This program includes courses in statistics, stochastic processes, stochastic optimization, and stochastic optimal control theory. Master's students explore applications to financial systems, network design and routing, telecommunication systems, medicine, actuarial mathematics, and a number of other areas. Students are encouraged to apply the techniques they learn to problems derived from their professional work and interests.

Program overview

Main Subject

Mathematics

Study Level

Masters

Stochastics is the study of complex, randomized systems that tend to resist prediction. A broad spectrum of industries require skilled professionals that can bring clarity to the accumulating information overload, enabling everyone from doctors to financiers to make better predictions about an unknown future. Finance is often a focal point of stochastics, and there's no better place to study it than at Stevens — a stone's throw from the financial capital of the world. Stochastic Systems and Optimization Master's students are provided with the theoretical foundation and computational laboratory resources to tackle pure and applied problems in mathematics, in preparation for professional career opportunities as well as further study towards a Ph.D. in Mathematics. Students explore how phenomena, probability, and chance affect complex systems in a variety of disciplines. This program includes courses in statistics, stochastic processes, stochastic optimization, and stochastic optimal control theory. Master's students explore applications to financial systems, network design and routing, telecommunication systems, medicine, actuarial mathematics, and a number of other areas. Students are encouraged to apply the techniques they learn to problems derived from their professional work and interests.

Admission requirements

Undergraduate

7+

Tuition fee and scholarships

One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.

In this guide you will find:
opportunities

Where to look for scholarship opportunities

how_to

How to apply to scholarships relevant to you

list

A list of available scholarships around the world

checklist

A scholarship application checklist

banner
download_icon Download Scholarship Guide

More programs from the university

With a foundation of 140 years of innovation, Stevens offers premier, high-impact, applied graduate education to prepare you to master today’s technology-centric enterprise, push you up the career ladder and involve you in problem-solving the most complex and urgent societal challenges. More than 40 master’s, 20 Ph.D. and 120 graduate certificate programs in cutting-edge disciplines go beyond theory to provide the broad knowledge across science, technology, engineering and business that is essential for success in today’s most high-demand fields. Just 15 minutes from Manhattan, the economic center of the world, Stevens boasts strong partnerships with Fortune 500 companies and leading government agencies as well as an extensive alumni network of highly successful science, technology and business leaders. WebCampus, Stevens' award-winning distance education offering, enables flexible online study, part-time or full-time, with the same industry leading faculty members who teach on-campus Stevens graduate courses

With a foundation of 140 years of innovation, Stevens offers premier, high-impact, applied graduate education to prepare you to master today’s technology-centric enterprise, push you up the career ladder and involve you in problem-solving the most complex and urgent societal challenges. More than 40 master’s, 20 Ph.D. and 120 graduate certificate programs in cutting-edge disciplines go beyond theory to provide the broad knowledge across science, technology, engineering and business that is essential for success in today’s most high-demand fields. Just 15 minutes from Manhattan, the economic center of the world, Stevens boasts strong partnerships with Fortune 500 companies and leading government agencies as well as an extensive alumni network of highly successful science, technology and business leaders. WebCampus, Stevens' award-winning distance education offering, enables flexible online study, part-time or full-time, with the same industry leading faculty members who teach on-campus Stevens graduate courses

Postgrad programs