The Lehigh M.S. in Analytical Finance (MSAF) program is a cutting-edge, 30 credit-hour program designed to provide students with a strong education in advanced finance and quantitative financial analysis tools using key concepts from financial theory, applied mathematics, and engineering. With these building blocks, program graduates will become instrumental in the creation of innovative solutions for real financial problems, using state of the art analytical techniques and computing technology. The curriculum is intended for career opportunities in areas such as portfolio management, securities trading, investment banking, risk management, and financial information systems. Upon completing the MSAF program, a graduate will be able to add immediate value to their firm’s pricing, hedging, trading, and portfolio management decisions by being able to:
- Conceptualize real world problems with mathematical tools, models, and theories of investment instruments and financial portfolio management;
- Demonstrate proficiency in locating, creating, managing, and analyzing large scale data sets with advanced computing tools;
- Integrate tools in probability, optimization, simulation, and information technology;
- Integrate tools to design financial instruments, transactional systems, and technology-enabled solutions;
- Bridge the knowledge and skill gaps between financial professionals (e.g., asset managers) and computing/execution professionals (e.g., IT specialists).
The MSAF program begins in sequence in the summer with a course on derivatives, followed by a core of analytical courses, a core of financial courses, and a core of computing courses. Students who have completed these or similar courses may, with the program director's approval, use approved elective courses as a supplement. An interactive, hands-on project rounds out the rigorous and rewarding academic experience. Each fall, invited field professionals in financial services come to campus to present project topics to students. Topic selection is integrated into coursework and is woven through the fall and spring terms. Results of the project are presented in mid-spring, at a recruiting/placement event designed specifically for graduates of this degree.
STEM Designated Degree
The M.S. in Analytical Finance program contains an interdisciplinary curriculum that includes STEM fields, which qualifies the program as a STEM designated degree.
Global Association of Risk Professionals
Lehigh is an academic partner institution with the Global Association of Risk Professionals (GARP). Students benefit by the programs’ preparation for the Financial Risk Manager (FRM) examination. The FRM designation is the global standard for professional certification in risk management.
“GARP is very pleased to have Lehigh University as a member of the GARP Partnership for Risk Education. The MS in Analytical Finance offered by the College of Business and Economics is a dynamic program provided by innovative faculty and overseen by a Board of Advisors with many years of real world experience. Upon completing this program, its students will be well-positioned to pursue the FRM designation and for the global risk management profession in general."
Dr. Chris Donohue, Managing Director – Head of Research & Educational Programs, GARP
International Association of Quantitative Finance
Lehigh is an academic affiliate of the International Association of Quantitative Finance (IAQF). This grants free IAQF membership to all full-time MSAF students, invitations to exclusive networking and informational events related to quantitative finance and financial engineering, access to the National Financial Mathematics Career Fair, and a variety of other benefits.
Partnership with DataCamp
The Lehigh MSAF program recently partnered with DataCamp to administer a Coding Bootcamp for our students to learn R and Python, two of the most in-demand open source programming languages. Learn more here.