Quantitative Finance

Major: Quantitative Finance
Degree Awarded: Master of Science in Quantitative Finance (MSQF)
Calendar Type: Quarter
Total Credit Hours: 45.0
Classification of Instructional Programs (CIP) code: 52.1399
Standard Occupational Classification (SOC) code: 11-3031

About the Program

The STEM-designated master's in Quantitative Finance will empower you to make important strategic financial decisions using data-driven insights. The program is designed to prepare you for a wide range of careers including business valuation, risk management, credit analysis, and investment management. Course content is also aligned with sections of the Chartered Financial Analyst (CFA®) and Financial Risk Manager (FRM®) exams.

Admission Requirements

The following items are required for admissions consideration:

  • GMAT or GRE score (GMAT preferred)
  • Official transcripts from all colleges/universities attended
  • Two letters of recommendation
  • Personal statement
  • Resume
  • TOEFL or IELTS score (for international students)

GMAT or GRE is acceptable for consideration to graduate programs. GMAT is preferred. Our admissions committee prefers a minimum GMAT test score of 570 or above or a combined GRE score of 310 or above; however, admissions decisions are based on the entire application package.

International Applicants:

TOEFL or IELTS is required for applicants who did not earn an undergraduate or graduate degree in the United States. For admission consideration, we look for an overall minimum TOEFL score of 90 (with a 22 or higher in Speaking and Listening).; alternatively, an overall minimum IELTS score of 6.5 (with a minimum score of 6.5 in Speaking and Listening).

The admission committee will evaluate your candidacy based on test scores and undergraduate GPA with some consideration given for work experience. Work experience is preferred and will enhance the composite admission score but is not mandatory. There is no specific minimum score requirement for GMAT and/or TOEFL as admission is based on a composite score.

Additional Information

Please contact Drexel LeBow's Graduate Admissions Office directly with any questions concerning required entrance exams (such as the GMAT), evaluation of undergraduate or graduate records (grades, scores, total years and subjects studied, etc.), and any other issues regarding application to the College.

Degree Requirements

ECON 540Intro to Econometrics and Data Analysis3.0
ECON 550Econometrics3.0
STAT 610Statistics for Business Analytics3.0
Required Finance Courses
FIN 601Corporate Financial Management3.0
FIN 602Advanced Financial Management3.0
FIN 622Financial Institutions & Markets3.0
FIN 624Risk Management3.0
FIN 626Investment Management3.0
FIN 642Business Conditions and Forecasting3.0
FIN 650Derivative Securities3.0
FIN 790Seminar in Finance3.0
or FIN 794 Seminar in Investments
Elective Graduate Courses *
Select three (3) of which no more than 1 from FIN9.0
Microeconomics
Macroeconomics
International Economics
International Macroeconomics
Applied Industrial Analysis
Trade Policy: Theory and Evidence
Business & Economic Strategy: Game Theory & Applications
Corporate Governance
Entrepreneurial Finance
Mergers and Acquisitions
International Financial Management
Comparative Financial Analysis
Advanced Portfolio Management
Applied Portfolio Management
Inter-Active Decision Support Systems
Database Analysis and Design for Business
Predictive Business Analytics with Relational Database Data
Managing with Enterprise Application Software using SAP - Logistics
Managing with Enterprise Application Software using SAP-Accounting & Analytics
Managerial Decision Models and Simulation
Operations Research I
Operations Management
Applied Regression Analysis
Multivariate Analysis
Datamining for Managers
Data Mining for Business Analytics
Experiential Learning Requirement3.0
Graduate Internship
International Business Seminar and Residency
Business Agility and IT
Managing and Leading the Total Enterprise
Leading for Innovation
Business Consulting
Negotiations for Leaders
Tax Experiential Learning
Total Credits45.0

Sample Plan of Study

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
FIN 6013.0ECON 5403.0ECON 5503.0Experiential Learning Requirement 3.0
STAT 6103.0FIN 6023.0FIN 6263.0 
Elective 3.0Elective3.0Elective3.0 
 9 9 9 3
Second Year
FallCreditsWinterCredits  
FIN 6223.0FIN 6503.0  
FIN 6243.0FIN 794 or 7903.0  
FIN 6423.0   
 9 6  
Total Credits 45

Finance Faculty

David A. Becher, PhD (Pennsylvania State University) Department of Finance. Professor. Mergers and acquisitions, corporate governance, financial institutions.
Jie Cai, PhD (University of Iowa) Department of Finance. Associate Professor. Investment banking, mergers and acquisitions, corporate finance and corporate governance.
Thomas Chi-Nan Chiang, PhD (The Pennsylvania State University) Marshall M. Austin Professor of Finance. Professor. International finance; time series analysis of financial data; econometric modeling & forecasting; financial markets; international risk management; monetary theory; macroeconomics; emerging markets; and global country funds.
Naveen Daniel, PhD (Arizona State University). Associate Professor. Corporate governance, mutual funds, hedge funds.
Daniel Dorn, PhD (Columbia University) Department of Finance. Associate Professor. Capital markets and investments; behavioral finance.
Eliezer M. Fich, PhD (New York University) Department of Finance. Professor. Empirical topics in corporate finance.
Michael Gombola, PhD (University of South Carolina) Department Chair, Finance. Professor. Stock offerings and repurchases, mergers, acquisitions, and restructuring; working capital management, time series analysis; options and derivatives, financial statement analysis.
Joseph Kalmenovitz, PhD (New York University). Assistant Professor. Financial regulation; corporate finance; law and economics; labor.
Amy Kratchman, MBA (Drexel University). Associate Clinical Professor. Investments; Portfolio Management
Michelle Lowry, PhD (University of Rochester) TD Bank Endowed Professor. Professor. Empirical corporate finance, including initial public offerings, mergers, and corporate governance
Edward Nelling, PhD, CFA (University of Pennsylvania-Wharton) Department Head. Professor. Investments; corporate finance; real estate finance.
Gregory Nini, PhD (The Wharton School, University of Pennsylvania). Assistant Professor. Creditor control rights, corporate governance, and firm value; insurance economics.
Patricia Robak, PhD (Lehigh University) Department of Finance. Clinical Professor. Investments, money and banking, international finance.
Diana Sandberg, MS (Drexel University). Associate Clinical Professor. Portfolio management, derivatives, investment management.
Bradford Sodowick, MBA, MD (University of Pennsylvania). Assistant Clinical Professor. Corporate finance, healthcare finance.
Samuel H. Szewczyk, PhD (Pennsylvania State University). Associate Professor. Corporate governance, mergers and acquisitions, financial engineering, investment banking, financial institutions.
George Tsetsekos, PhD (The University of Tennessee) Dean Emeritus, LeBow College of Business; Francis Professor of Finance. Professor. Valuation and corporate restructuring, treasury and risk/hedging operations, investment banking, securitization, emerging capital markets, multinational finance, bank asset-liability management.

Emeritus Faculty

Ralph Walkling, PhD (University of Maryland) Stratakis Professor of Corporate Governance, Department of Finance. Professor Emeritus. Corporate governance, mergers and acquisitions.
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