MBA Master of Business Administration
Lehigh University's MBA program offers a comprehensive business education that equi...
M.S. in Financial Engineering
Bethlehem, Pennsylvania
INTAKE: Jan & Aug
Program Overview
Lehigh University's Master of Science (M.S.) in Financial Engineering is a specialized graduate program designed to equip students with advanced skills in quantitative finance, risk management, and financial modeling. This program combines principles from finance, mathematics, and computer science to prepare graduates for careers in the dynamic field of financial engineering. The curriculum emphasizes the application of mathematical and statistical techniques to solve complex financial problems, making it an ideal choice for those interested in innovative financial solutions and analytical approaches.
STEM-Designated: The M.S. in Financial Engineering at Lehigh University is designated as a STEM (Science, Technology, Engineering, and Mathematics) program. This designation reflects the program’s strong focus on quantitative methods, data analysis, and computational techniques. The STEM designation not only underscores the program’s emphasis on technical skills but also offers international students the benefit of an extended Optional Practical Training (OPT) period, allowing them to gain additional work experience in the United States.
Curriculum: The curriculum for the M.S. in Financial Engineering is designed to provide a comprehensive understanding of financial concepts and advanced analytical techniques. Core courses cover topics such as Financial Derivatives, Risk Management, Quantitative Methods, Financial Econometrics, and Computational Finance. Students also have the opportunity to select electives in areas such as Machine Learning in Finance, Portfolio Management, and Fixed Income Securities. The program includes a capstone project or thesis that allows students to apply their knowledge to real-world financial problems.
Research Focus: The research focus of the M.S. in Financial Engineering centers on innovative financial models, risk assessment, and computational techniques. Students engage in research that explores areas such as algorithmic trading, financial data analysis, and the development of quantitative strategies. Faculty members are involved in cutting-edge research, providing students with opportunities to contribute to projects that advance the field of financial engineering and address emerging challenges in finance.
Industry Engagement: Lehigh University's M.S. in Financial Engineering emphasizes strong industry engagement through partnerships with financial institutions, investment firms, and industry experts. Students benefit from internships, networking events, and industry seminars that provide practical experience and insights into current trends and challenges in financial engineering. The program’s connections with industry professionals enhance students’ career prospects and prepare them for impactful roles in the finance sector.
Global Perspective: The program incorporates a global perspective by addressing international financial markets, cross-border risk management, and global investment strategies. Students are exposed to global financial practices and are encouraged to explore how financial engineering principles apply in different international contexts. The global focus prepares graduates to work in diverse financial environments and to understand the complexities of the global financial system.
Location
Bethlehem, Pennsylvania
Score
IELTS 7
Tuition Fee
USD 28602
Postgraduate Entry Requirements
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 80% or above in their bachelor's degree.
English Language Proficiency:
- IELTS: Overall band score of 7.0 with a minimum of 7.0 in each component.
- TOEFL: Overall score of 94 or higher.
- DET (Duolingo English Test): Overall score of 125.
Lehigh University provides various scholarship opportunities to support international students in their academic journey. These scholarships are designed to alleviate financial burdens and recognize exceptional academic achievements.
Merit-Based Scholarships: Lehigh offers merit-based scholarships that are awarded based on academic performance, leadership qualities, and other achievements. These scholarships are highly competitive and are automatically considered during the admissions process.
Need-Based Financial Aid: Although primarily need-based financial aid is available, Lehigh University assesses each student’s financial situation to determine eligibility for aid. International students must submit financial documentation to be considered for need-based assistance.
External Scholarships: International students are also encouraged to apply for external scholarships from organizations and foundations outside the university. Lehigh’s Office of International Students and Scholars (OISS) provides guidance and resources to help students find and apply for these opportunities.
Specialized Programs: Certain programs and departments at Lehigh offer their own scholarships for international students. These can be based on academic performance in specific fields or contributions to the university community.
Graduates of Lehigh University's Master of Science (M.S.) in Financial Engineering are equipped with the technical and analytical skills required to excel in various high-demand roles within the financial sector. The program's focus on quantitative analysis, risk management, and financial modeling prepares students for a diverse range of career paths.
Quantitative Analyst: Often referred to as "Quants," these professionals use mathematical models and statistical techniques to analyze financial markets and securities. They work in investment banks, hedge funds, and financial institutions to develop trading strategies, assess risk, and optimize investment portfolios.
Risk Manager: Risk managers identify, analyze, and mitigate financial risks within organizations. They develop risk management frameworks, conduct stress testing, and ensure compliance with regulatory requirements. Their role is crucial in safeguarding organizations from potential financial losses.
Financial Engineer: Financial engineers apply mathematical and computational methods to develop innovative financial products and solutions. They design and implement models for pricing derivatives, managing portfolios, and assessing financial risks, often working in trading firms or financial technology companies.
Data Scientist: Leveraging their expertise in data analysis and computational finance, graduates can pursue careers as data scientists. They analyze large datasets to extract valuable insights, develop predictive models, and contribute to data-driven decision-making in finance.
Investment Analyst: Investment analysts evaluate investment opportunities and provide recommendations to clients or investment managers. They analyze financial statements, market trends, and economic conditions to support investment decisions and portfolio management.
Portfolio Manager: Portfolio managers oversee investment portfolios and make strategic decisions to achieve financial goals. They use quantitative methods to analyze asset allocation, manage risk, and optimize portfolio performance for individual or institutional clients.
Financial Risk Consultant: Financial risk consultants provide expert advice to organizations on managing financial risks. They assess risk exposure, develop risk management strategies, and help implement solutions to mitigate potential financial threats.
Algorithmic Trader: Algorithmic traders use quantitative models and algorithms to automate trading decisions. They develop and implement trading strategies that capitalize on market inefficiencies and optimize trading performance.
Financial Software Developer: With a background in financial engineering, graduates can work as financial software developers, creating and maintaining software tools used for financial modeling, trading, and risk management.
Financial Consultant: Financial consultants provide strategic advice to clients on a range of financial matters, including investment strategies, risk management, and financial planning. They leverage their expertise in financial engineering to offer tailored solutions and drive client success.
