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

Drexel LeBow’s STEM-designated Master’s in Quantitative Finance degree program will prepare you to become a leader in the financial realm.

Designed to combine quantitative and computer skills with financial theory and applications, our students become well-versed in several areas including risk management, financial engineering and portfolio analysis. Student gain skills that include data analysis, data mining and forecasting and have access to many resources including Bloomberg Terminals, FactSet, Compustat and much more.

This program provides great preparation for Chartered Financial Analyst (CFA) designation. Many students seek level 1 certification while enrolled in this program. Students may also choose to seek Bloomberg and FactSet certifications.

With the opportunity for real-world application through our internship and consulting opportunities, your career in finance begins well before graduation.

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.

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

Required Core Courses
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 four (4) of which no more than 2 from FIN12.0
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
Inter-Active Decision Support Systems
Applied Portfolio Management
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
Total Credits45.0

Sample Plan of Study

First Year
Term 1Credits
FIN 601Corporate Financial Management3.0
STAT 610Statistics for Business Analytics3.0
Elective Course3.0
 Term Credits9.0
Term 2
ECON 540Intro to Econometrics and Data Analysis3.0
FIN 602Advanced Financial Management3.0
Elective Course3.0
 Term Credits9.0
Term 3
ECON 550Econometrics3.0
FIN 626Investment Management3.0
Elective Course3.0
 Term Credits9.0
Second Year
Term 4
FIN 622Financial Institutions & Markets3.0
FIN 624Risk Management3.0
FIN 642Business Conditions and Forecasting3.0
 Term Credits9.0
Term 5
FIN 650Derivative Securities3.0
FIN 790
or 794
Seminar in Finance
Seminar in Investments
3.0
Elective Course3.0
 Term Credits9.0
Total Credit: 45.0

Finance Faculty

David A. Becher, PhD (Pennsylvania State University) Department of Finance. Associate Professor. Mergers and acquisitions, corporate governance, financial institutions.
Erik Benrud, PhD, FRM, CAIA, CFA (University of Virginia) Department of Finance. Clinical Professor. Economics/managerial economics: game theory; finance: alternative investments, derivatives.
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.
Casey Dougal, PhD (University of North Carolina, Chapel Hill). Assistant Professor. Empirical asset pricing, financial media, behavioral finance, and urban economics.
Eliezer M. Fich, PhD (New York University) Department of Finance. Associate Professor. Empirical topics in corporate finance.
Michael Joseph 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.
Jennifer Juergens, PhD (Pennsylvania State University). Assistant Professor. Corporate Control and Mergers and Acquisitions; Corporate Governance; Executive Compensation; Investments; Securities Analysts
Amy Kratchman, MBA (Drexel University). Associate Clinical Professor. Investments; Portfolio Management
Michelle Lowry, PhD (University of Rochester) TD Bank Endowed Professor. Empirical corporate finance, including initial public offerings, mergers, and corporate governance
Edward Nelling, PhD, CFA (University of Pennsylvania-Wharton) Department of Finance. 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. Associate Clinical Professor. Investments, money and banking, international finance.
John Robinson, PhD (Arizona State University). Assistant Clinical Professor. Board of Directors; Capital Structure; Executive Compensation
Diana Sandberg, MS (Drexel University) Department of Finance. Associate Clinical Professor. Portfolio management, derivatives, investment management.
Samuel H. Szewczyk, PhD (Pennsylvania State University) Department of Finance. 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.
Ralph Walkling, PhD (University of Maryland) Stratakis Professor of Corporate Governance, Department of Finance. Professor. Corporate governance, mergers and acquisitions.
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