This program provides students with a strong education in advanced finance and quantitative financial analysis tools to develop graduates who can create innovative solutions for real financial problems, using state of the art analytical techniques and computing technology. Students with undergraduate degrees in computer science, economics, engineering, finance, mathematics and the hard sciences should have the quantitative background needed for success in this field.
This program equips students with the necessary skill set to prepare for the Financial Risk Manager® examination offered by The Global Association of Risk Professionals (GARP).
Applicants must show basic competency in the following areas: finance, corporate finance, investments, financial accounting, economics, money and banking, statistics, linear algebra, and calculus. These courses will not count toward the master degree.
(Examples given from Lehigh courses)
Must show basic competency in the following areas: (Does not count towards the 30 credit minimum degree requirement)
|FIN 328||Corporate Financial Policy (OR)||3|
|GBUS 419||Financial Management||3|
|FIN 323||Investments (OR)||3|
|ACCT 151||Introduction to Financial Accounting (OR)||3|
|ACCT 108||Fundamentals of Accounting (OR)||3|
|GBUS 401||Financial Reporting for Managers and Investors||3|
|Equivalent accounting course|
|Statistics and Probability|
|MATH 231||Probability and Statistics (OR)||3|
|ISE 328||Engineering Statistics||3|
|Equivalent introductory calculus based statistics and probability course|
|MATH 021||Calculus I (AND)||4|
|MATH 022||Calculus II (AND)||4|
|MATH 023||Calculus III||4|
|Equivalent calculus series|
|MATH 205||Linear Methods (OR)||3|
|MATH 242||Linear Algebra||3-4|
Note: Entrance prerequisites at Lehigh typically have several prerequisites that must be fulfilled.
Note: Prerequisites do not have to be taken at Lehigh University.
Note: ECO 045 or an equivalent introductory course including regression analysis is not rigorous enough preparation for MATH 467 and therefore is not adequate for the Statistics and Probability prerequisite.
The 30 credit hour program is a joint venture of the College of Business and Economics, the P.C. Rossin College of Engineering and Applied Science and the College of Arts & Sciences. Required courses are as follows:
|MATH 467||Financial Calculus I (fall)||3|
|MATH 468||Financial Calculus II (spring)||3|
|Select one of the following Statistics courses:||3|
|Random Processes and Applications (fall)|
|Statistical Computing and Applications|
|Select one of the following computation modeling courses:||3|
|Econometrics I (fall)|
|Linear Models In Statistics with Applications (spring)|
|Select one of the following Industrial Engineering courses:||3|
|Optimization Models and Applications|
|Stochastic Models and Applications|
|GBUS 421||Advanced Investments (Fixed Income - spring)||3|
|GBUS 422||Derivatives and Risk Management (fall)||3|
|GBUS 424||Advanced Topics in Financial Management (Risk Management - spring)||3|
|ISE 447||Financial Optimization||3|
|ISE 441||Financial Engineering Projects||3|
Note: Students with equivalent courses from an undergraduate degree program will be given credit for fulfilling the field requirement and will be permitted to replace the credits from the list of approved electives. The program director(s) must approve courses for each student’s choice of electives. Typically, a finance elective will be used to substitute for a finance course waiver; a computational elective to substitute for a statistics/econometric course, and programming elective for a computing course.
Applications may be made through the Graduate Programs Office in the College of Business & Economics or through the Graduate Office of the P. C. Rossin College of Engineering and Applied Science. Applicants must take either the GRE or GMAT. International students must have 16 years of schooling with four years at the University level to be considered for admission. Applicants whose native language is not English are required to take the Test of English as a Foreign Language (TOEFL). Deadline for international students to apply is February 15. U.S. Citizens may apply until July 15.
Further information about the M.S. in Analytical Finance Program may be obtained by visiting http://cbe.lehigh.edu/msaf, contacting the Graduate Programs Office of the College of Business and Economics or one of the following Co-Directors:
Dr. Richard Kish, Perella Department of Finance, College of Business and Economics, Lehigh University, 621 Taylor Street, Bethlehem, PA 18015, phone (610) 758-4205, email: firstname.lastname@example.org
Dr. Daniel Conus, Department of Mathematics, Lehigh University, 14 E. Packer Avenue, Bethlehem, PA 18015, phone (610) 758-3749, email: email@example.com
Dr. Luis Zuluaga, Department of Industrial and Systems Engineering, Lehigh University, 200 W. Packer Avenue, Bethlehem, PA 18015, phone (610) 758-5182, email: firstname.lastname@example.org