Lead research and practice in the area of financial services analytics.

Big data is reshaping the way we live and the way businesses operate. Its impact is especially profound in the financial services industry, where abundant data comes from many sources. Financial services analytics is the science of quantitative models and technologies designed for the financial services industry. It offers improvements in risk management, customer service, customized product offerings and business operation efficiency.

The financial services analytics (FSAN) program at the University of Delaware is the first of its kind, developing fundamental FSAN theories, creating new data-driven decision-making tools and training researchers and professionals. This interdisciplinary program brings data analytics methods and non-traditional data sources to bear on issues important to the financial services industry, which differentiates it from programs in finance or financial engineering.

Program Highlights

As a Lerner FSAN student, you’ll:

  • Collaborate with thought-leading faculty from multiple disciplines including business, engineering and computer science.
  • Work with your advisor to choose your research and dissertation topics.
  • Attend conferences and research seminars that provide access to provocative thinkers from industry and academia.


Corporate-sponsored internships offer you the opportunity to apply analytics tools to real-world challenges on teams in wealth management, machine learning, data architecture, investment banking, global finance and business management.


Our state-of-the-art facilities are designed to foster collaboration among students, faculty and industry; these include the JPMorgan Chase Innovation Center, the Geltzeiler Trading Center and the Harker Interdisciplinary Science and Engineering Laboratory.

Program Requirements

To be granted a doctorate in FSAN, you must successfully complete all FSAN coursework with a 3.0 cumulative GPA. You have up to five years (if you have a previous master’s degree) or seven years (if you have a bachelor’s degree) to complete all degree requirements.

Courses (45-54 credits)
The courses marked with an asterisk (*) below are listed by two departments.

BUAD 840 – Ethical Issues in Domestic and Global Business Environments
FSAN 815/ELEG 815 – Analytics I: Statistical Learning*
FSAN 820 – Foundation of Optimization
FSAN 830 – Business Process Management Innovation
CISC 683 – Introduction to Data Mining
FINC 841/FSAN 841 – Financial Services Firms and Markets*
FINC 842/FSAN 842 – Financial Services Risk Analytics*
FSAN 850 – Financial Services Analytics Seminar (6 credits)
FSAN 860 – Current Research Topics (0-9 credits)
FSAN 969 – Doctoral Dissertation (9 credits)

Examinations and Dissertation

A qualifying exam and research paper are required at the end of the first year. A dissertation proposal and oral defense must be completed by the end of the second year. Upon successful completion of which and at the recommendation of the dissertation committee, you may be admitted to Ph.D. candidacy. The dissertation requirement includes the approval of both your written dissertation and oral defense. Full exam and dissertation details can be found on myLerner.

A Look Into the Program

Career Opportunities

FSAN graduates are researchers and professionals who play key roles in teams that bridge the financial services industry and data and operational sciences. FSAN graduates find employment in positions such as data analyst, data scientist and financial analyst.

“UD was able to merge finance, data mining, statistics and other areas to create the FSAN program. This is also reflected in the diversity of the students. We come from different fields, and it is wonderful how we are able to complement each other in so many different ways.”

– FSAN student Leonardo De La Rosa Angarita


  • The Odd Couple: STEM and Business - STEM-designated master’s degrees from the Lerner College equip today’s business graduates to drive change, creativity and advancements in any field and industry.
  • Where Are They Now? - Checking in on the exciting burgeoning careers of all five members of the first cohort of doctoral graduates in financial services analytics (FSAN) from UD’s Lerner College.
  • Lerner Class of 2018 includes first-ever FSAN Ph.D.s - The first-ever class of Lerner doctoral graduates in financial services analytics (FSAN).
  • A look into the Ph.D. in FSAN program at UD - In this video, learn about the opportunities available to FSAN students at Lerner.
  • Lerner information sessions - For those with an interest in enhancing their skills in business, management, big data or hospitality, UD’s Alfred Lerner College of Business and Economics will host several information sessions this month.

Learn More

Contact Dr. Bintong Chen

Explore the doctorate in FSAN by viewing a recent FSAN information session.

Admissions Information

The application deadline for the next cohort (beginning fall semester 2020) is February 1, 2020. We accept students every other year. Highly-qualified students may receive research scholarships as well as a generous stipend to cover all educational expenses.

Learn more about the financial services analytics Ph.D. admissions requirements, deadlines, tuition and financial aid available to you.

Admissions & Financial Aid