This is the largest city in Czech Republic, and it's one of the most important research and education centres. The many education institutions located here ensures students both local and international have a wide choice of programmes to engage in during their stay. Education is impacting this city very positively in terms of social-economic growth.

Certain mathematical subjects, such as statistics and linear algebra, are effective in the analysis of the behavior of markets. Economists, bankers and business consultants would all benefit from applying themselves to a detailed study of these concepts in a financial mathematics program.

Czech Republic has a well-established and research based university education. This has made learning ini Prague one of the respected curriculum's in Europe since it cultivates the spirit of creativity and innovation among students.

Requirements for the PhD program often involve the student having already obtained a Master’s degree. Additionally, a thesis or dissertation primarily consisting of original academic research must be submitted. In some countries, this work may even need to be defended in front of a panel.