Certificate in Analytical Finance

This certificate will provide Lehigh MSAF students with a unique skillset, 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, data­driven 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)
  • STAT 412 Statistical Computing and Applications (3 Credits)
One of the two courses below:
  • ISE 467 Mining of Large­scale Datasets (3 Credits)
  • ISE 444 Optimization Methods in Machine Learning (3 Credits)
One of the two data ­intensive Finance courses below:
  • GBUS 422 Derivatives and Risk Management (3 Credits)
  • GBUS 424 Adv Topics in Financial Management – Risk Management (3 Credits)
This certificate will train Lehigh MSAF students in the quantitative methodologies and regulatory practices that are essential for risk management functions within a financial institution, and prepares students for and reinforces material from the FRM examination. The Financial Risk Manager (FRM) designation is the premiere certification for professionals in financial risk management. The two-part exam contains the following topics, many of which overlap the curriculum of the MSAF program: Financial Markets and Products, Valuation and Risk Models, Quantitative Analysis, Foundations of Risk Management, Market Risk, Credit Risk, Operational Risk, Risk Management and Investment Management, and Current Regulatory Issues. Furthermore, Lehigh’s MSAF program is an Academic Partner of the Global Association of Risk Professionals (GARP) who administers the FRM certification.
To complete this certificate, students must complete the following coursework:
  • GBUS 422 Derivatives and Risk Management (3 Credits)
  • GBUS 424 Adv Topics in Financial Management – Risk Management (3 Credits)
  • GBUS 426 Financial Markets and Institutions (3 Credits)
One of the following MATH/STAT courses:
STAT 434 / MATH 334 Mathematical Statistics (3,4 Credits)
MATH 461 (STAT 461) Topics In Mathematical Statistics (3 Credits)
STAT 438/MATH 338 Linear Models in Statistics w/ Applications (3,4 Credits)
This certificate will provide the student with an understanding of the fundamental techniques underlying Operations Research Techniques 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:
  • ISE 426. Optimization Models and Applications (3 Credits)
  • ISE 447. Financial Optimization (3 Credits)
Two (2) electives from the following courses:
  • ISE 458. (ECO 463) 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 Large­scale Datasets (3 Credits)

Certificate in Healthcare Systems Engineering

The purpose of the Certificate in Healthcare Systems Engineering is to provide students and working healthcare professionals with an introduction to fundamental skills in industrial and systems engineering and a background in healthcare delivery systems and processes. Individuals completing the certificate program will be better positioned to apply systems engineering knowledge and skills to improve overall quality, streamline processes and improve efficiency in healthcare systems. Upon completion of the certificate program, students have the option of applying to the Healthcare Systems Engineering Master of Engineering degree program and applying the 12 certificate credits towards the 30-credit Master’s degree.
Admissions Requirements:
University admissions criteria for non-degree graduate students are:
1. A bachelor’s degree from an accredited institution with an overall grade point average of at least 3.0. Applicants with an undergraduate GPA below 3.0 may be admitted with the approval of the department in which they wish to take courses.
2. Evidence that the applicant is presently a student in good standing in an appropriate graduate program at an accredited institution.
3. Evidence that the applicant has received an appropriate graduate or other advanced degree from an accredited institution.
International students are required to demonstrate English language skills equal to those required of degree-seeking students in the College.  All international applicants whose native language is not English must take the TOEFL (Please see section 4 below).
Students should be quantitatively oriented and have completed a calculus-based probability and statistics course at the level of ISE 121 or MATH 231 (that is also covered by ISE 328). Students should also have completed engineering mathematics courses, which incorporates elements of linear algebra and numerical methods at the level of MATH 205, and fundamental elements of operations research at the level of ISE 240 (that are also covered by ISE 357).
Students who have been working for several years, or may not have the expected background, may be required to take refresher mathematics and/or statistic course(s) (e.g. ISE 328 and/or ISE 357) before starting the program to ensure they have the required mathematics and statistics skills.
No graduate entrance exams are required.
The language requirements for foreign students are consistent with the RCEAS standards, which currently are:
TOEFL (Test of English as a Foreign Language) minimum composite score of 79 (iBT)
TOEFL subtest scores: Writing – 20, Speaking – 15, Reading – 20, Listening – 20.
Any student with one or more individual skill section scores below these targets will be required to take an English as a Second Language (ESL) course or lab work during the initial academic year, concurrent with their regular department coursework. Any student with two or more skill section scores below these targets, and a composite score below 79, will be required to attend the StepUp Intensive English Program at Lehigh.
Specific Required and Elective Courses:
The Healthcare Systems Engineering certificate program is comprised of 12 credit hours of coursework. The credits/courses by area are as follows:
6 credit hours of Healthcare Systems Courses (select 2 of the following): 
• Introduction to Healthcare Systems (ISE 470)
• Quality and Process Improvement in Healthcare (ISE 471)
• Financial Management in Healthcare (ISE 472)
• Information Technology in Healthcare (ISE 473)
6 credit hours of Industrial and Systems Engineering Courses (select 2 of the following):
• Stochastic Models and Applications (ISE 339)
• Game Theory (ISE 358)
• Simulation (ISE 404)
• Design of Experiments (ISE 410)
• Optimization Models and Applications (ISE 426)
All courses listed are offered through Distance Learning. 

Certificate in Management Science and Engineering

The Certificate in Management Science and Engineering is offered by the Department of Industrial and Systems Engineering (ISE). A list of the faculty and descriptions of the courses are included in the catalog description of the ISE department. The program is designed to accommodate students who are employed full time. It is possible to complete the certificate with courses that are available through Distance Learning.
University requirements 
*Consists of 12 credits.
*Must be taken post-baccalaureate at Lehigh University (no transfer of non-Lehigh courses accepted) and must be for credit (audits do not count).
*Not more than one grade below B- is permitted.
*Must be completed within 3 years.
Admissions Criteria
*The minimum criteria for admission to any ISE graduate program apply.
*A minimum of a bachelor’s degree or equivalent and a minimum GPA of 2.75 are required.
*GRE or other test scores are not required for admission to the certificate program (but are required for continuing towards a master’s or higher degree).
*International students must demonstrate English language proficiency consistent with university policies for graduate programs.
*Submission of a complete application and an official undergraduate transcript are required.
*An application fee is required.
Student Status
*Applicants will be admitted as non-degree certificate students.
*Certificate students must apply and be admitted with regular status before continuing towards a master’s degree.
*Students may be distance education students or on-campus students.
*Students will not be eligible for Lehigh University financial support. (Please note: presidential scholarships cannot be used for certificates.)
*A current master’s degree student may also receive a Management Science & Engineering certificate, if all the requirements for the certificate are met.
*Credits earned towards a certificate may be accepted as part of a master’s program.
*Normal time limits for completion of a degree program apply (i.e. a total of 6 years for the master’s, or 10 years for the doctorate) beginning with date of enrollment into the certificate program.
Certificate Course Requirements
Each student is required to complete 12 credit hours of courses selected from the set of Management Science & Engineering Certificate Courses to receive the certificate. At least 9 credits must be ISE courses.