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Certificate Programs in the MS in Financial Engineering Program
The MS in Financial Engineering Program offers three certificate programs to candidates in the program. Certificates are available in Data Science & Financial Analytics, Quantitative Risk Management or Financial Operations Research and may be earned by completing an additional 6-9 credit hours beyond the 31 credit hours required for the degree. Candidates for the MS in Financial Engineering degree do not need to apply initially for certificate programs. Students meet with any Program Director to select their certificate choice (if any) once they are enrolled in the program.
Certificate programs enhance skills and development by allowing additional exploration in three main functional areas.
The three MS in Financial Engineering Certificate Programs are:
1. Data Science & Financial Analytics Certificate (12 credits)
This certificate provides students with a unique skill set preparing them for careers in the interdisciplinary field of Data Science and Financial Analytics, with particular application to the financial services industry. Skills developed include working with massive data sets, data-driven analytical methodologies, SAS and R programming, Data Mining, and Machine Learning.
To complete this certificate, students must complete the following coursework:
- ISE 465 Applied Data Mining (3 credits)
- MATH 312 Statistical Computing and Applications (3-4 credits)
Choose one of the following courses:
- ISE 467 Mining of Large-scale Datasets (3 credits)
- ISE 444 Optimization Methods in Machine Learning (3 credits)
Choose one of the following courses:
- GBUS 422 Derivatives and Risk Management (3 credits)
- GBUS 424 Advanced Topics in Financial Management – Risk Management (3 credits)
2. Quantitative Risk Management Certificate (12 credits)
This certificate trains students in the quantitative methodologies and regulatory practices that are essential for risk management functions within a financial institution. Prepares students for and reinforces material from the FRM examination. The Financial Risk Manager (FRM) designation is the premier certification for professionals in financial risk management.
To complete this certificate, students must complete the following coursework:
- GBUS 422 Derivatives and Risk Management (3 credits)
- GBUS 424 Advanced Topics in Financial Management – Risk Management (3 credits)
- GBUS 426 Financial Markets and Institutions (3 credits)
Choose one of the following courses:
- MATH 334 (STAT 434) Mathematical Statistics (3-4 credits)
- MATH 461 (STAT 461) Topics In Mathematical Statistics (3 credits)
- MATH 338 (STAT 438) Linear Models in Statistics w/ Applications (3-4 credits)
3. Financial Operations Research Certificate (12 credits)
The certificate will provide students with an understanding of the fundamental techniques underlying Operations Research that are of ubiquitous use in all areas of business today like Linear Programming, Game Theory, Dynamic Programming, Integer Programming, Nonlinear Programming, and Machine Learning.
To complete this certificate, students must complete the following coursework:
Choose two of the following courses:
- ISE 458 (ECO 463) Topics in Game Theory (3 credits)
- ISE 455 Optimization Algorithms and Software (3 credits)
- ISE 407 Computational Methods in Optimization (3 credits)
- ISE 416 Dynamic Programming (3 credits)
- ISE 444 Optimization Methods in Machine Learning (3 credits)
- ISE 467 Mining of Large-scale Datasets (3 credits)