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Martingale Postgraduate Foundation Scholarships

The Mathematical Institute at Oxford is delighted to be a partner in the Martingale Postgraduate Foundation's programme of scholarships for students wishing to pursue postgraduate studies in STEM (Science, Technology, Engineering, and Mathematics) subjects.

Martingale is a relatively new postgraduate foundation that offers full funding and multi-year support for outstanding UK students to complete STEM PhDs and MSc courses at leading UK research universities. Early cohorts will be concentrated on mathematics.

In today’s modern job market, particularly in STEM, postgraduate degrees are now increasingly required for academic and career advancement. According to the UK Commission for Employment and Skills Report, there is an annual shortfall of 40,000 STEM skilled workers and demand is expected to increase in the future. For many students, financial costs are a significant barrier to postgraduate education. Student loans alone are inadequate in covering tuition fees, especially when taking into account the rising cost of living.    

To address this, Martingale Scholars will receive funding for the full cost of a PhD or MSc course. The scholarship will also include a full cost of living allowance, as well as an additional budget for research activities. The foundation will prioritise students for whom family income has been or would be a barrier to postgraduate education.

For its first two cohorts, Martingale is partnering with five leading research universities in the UK to provide scholarships in select Master’s and PhD programmes in mathematics: the University of Oxford, the University of Cambridge, Imperial College London, King’s College London, and University College London. The foundation plans to expand its scholarships to other STEM subjects and universities over the next few years.

In addition to having their tuition fees fully funded by Martingale, Scholars will also receive access to outstanding career development opportunities. This includes attending leadership events and residentials, internships and industry placements, as well as opportunities to contribute to public engagement projects. Scholars will join a community of researchers and a network of leading universities and businesses across the UK.


Partnership with St John's College

The Martingale Foundation, Mathematical Institute and St John’s College have partnered to ensure that students admitted via the Martingale Scholars Programme will typically have the option to be admitted as members of St John’s College and become part of a Martingale Scholars Cohort.


How to Apply

Undergraduates in mathematics who are in their final year, as well as recent graduates and those currently completing Master's courses, are encouraged to apply for the Martingale Scholarship programme. Applicants must qualify for Home fee status.

Applications are welcome from candidates from all backgrounds, especially those for whom family income has been, or would be, a barrier to postgraduate education. Candidates must also be able to demonstrate both academic excellence and a passion for their area of research. More information about eligibility and criteria can be found on the Martingale Foundation website


Course Eligibility

Successful Martingale Scholars will be able to apply for admission to the DPhil in Mathematics course as well as the following MSc courses:

  • MSc in Mathematical Sciences
  • MSc in Mathematical and Theoretical Physics
  • MSc in Mathematics and the Foundations of Computer Science
  • MSc in Mathematical Modelling and Scientific Computing

 The admissions process will be the same for all applicants - see the Preparing To Apply section on the main Postgraduate Study page.



All queries relating to applications to this scholarship scheme should be directed to the Martingale Postgraduate Foundation.

The Martingale Foundation is a part of Ark Ventures, one of the country’s leading education charities. It is proudly supported by world-leading algorithmic trading company XTX Markets, whose generosity has helped make these scholarships possible.

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Please contact us with feedback and comments about this page. Last updated on 18 Sep 2023 10:02.