B.S. in Economics and Business Analytics

Economics and Business Analytics (B.S.)

Across a wide range of industries in business and the nonprofit and public sectors, there is high demand for professionals who can apply the latest analytical techniques to solve economic, business, policy, and operational problems.

The Bachelor of Science in Economics and Business Analytics program prepares graduates for exciting careers by teaching them the skills and expertise to analyze and interpret complex economic and business data, make informed decisions, and communicate insights effectively.

The program’s STEM-oriented curriculum is taught by world-class faculty from Illinois Institute of Technology’s Stuart School of Business, so you will learn both the theory and application of economics, analytics, and business from subject matter experts who bring their industry experience to the classroom.

Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences—such as internships and group projects—where you will connect your learning with real-world practice. You will also receive a personalized plan and mentorship to guide your academic studies and to prepare you to land a great job when you graduate.

Chicago is an international center for business and finance, with a diverse metro economy that is home to a growing array of tech companies. Illinois Tech’s connections open doors for internships, networking, and job opportunities in a variety of industries.

STEM-Designated Program

This is a STEM-designated program, and international graduates of the program are eligible to apply for an extension for Optional Practical Training, which allows selected students to stay and work in the United States for up to three years after graduation.

Program Overview

The Bachelor of Science in Economics and Business Analytics program teaches students key skills and knowledge in the disciplines of economics, analytics, and business that prepare them for successful careers in technology, banking and finance, consulting, government agencies, non-profit organizations, health care, and many other areas, as well as for graduate studies.

Career Opportunities

Graduates of the B.S. in Economics and Business Analytics program are ready for careers in corporate, nonprofit, and governmental settings, in roles such as those listed below. Estimated median annual wages in 2022 and projected employment growth from 2022–32, as reported by the United States Bureau of Labor Statistics, are also shown below.

  • Budget analyst—median wages of $82,260; job growth of three percent (as fast as the average growth for all job categories)
  • Financial analyst—median wages of $96,220; job growth of eight percent (faster than average)
  • Management analyst—median wages of $95,290; job growth of ten percent (much faster than average)
  • Logistician—median wages of $77,520; job growth of 18 percent (much faster than average)
  • Market research analyst—median wages of $68,230; job growth of 13 percent (much faster than average)
  • Operations research analyst—median wages of $85,720; job growth of 23 percent (much faster than average)

Other examples of potential job roles for graduates of this program include:

  • Business intelligence analyst
  • Health economics analyst
  • Market surveillance analyst
  • Pricing analyst
     

The B.S. in Economics and Business Analytics degree requires a total of 126 credit hours, including 33 credit hours of economics requirements, 27 credit hours of business analytics requirements, and 12 credit hours of business electives, as shown below. 
View descriptions for Business (BUS) and Economics (ECON) courses.

Economics Requirements (33 credit hours)
These courses are required:
BUS 100—Introduction to Business and Economics
BUS 211—Financial Accounting
BUS 212—Managerial Accounting
BUS 221—Business Statistics
ECON 151—Microeconomics
ECON 152—Macroeconomics
ECON 311—Intermediate Microeconomics
ECON 312—Intermediate Macroeconomics
ECON 382—Business Economics
ECON 383—Sports Economics
ECON 423—Economics of Capital Investments

Business Analytics Requirements (27 credit hours)
These courses are required:
BUS 102—Introduction to Business Analytics
ECON 251—Introduction to Econometrics
BUS 321—Analytics for Optimization
BUS 305—Operation and Supply Chain Analytics
BUS 371—Marketing Fundamentals
BUS 473—Marketing Analytics
BUS 475—Sales Management and Analytics
BUS 484—Data Analytics and Visualization
BUS 480—Strategic Management and Design Thinking

Business Electives (12 credit hours)
Choose four from the following courses:
BUS 301—Organizational Behavior
BUS 311—Strategic Cost Management
BUS 341—Business Law
BUS 361—Entrepreneurship
BUS 452—International Finance
BUS 454—Investments
BUS 455—Corporate Finance
BUS 457—Financial Modeling
BUS 458—Financial Derivatives
BUS 472—New Product Development
BUS 476—Consumer Behavior

In addition to the business and economics courses shown above, the requirements for this degree include: four credit hours of mathematics requirements (MATH 148—Preparation for Calculus or MATH 151—Calculus I or MATH 191—Business Calculus), 39 credit hours of Illinois Tech core curriculum requirements, and 11 credit hours of free electives.

Admission to Illinois Tech is required to enroll in the B.S. in Economics and Business Analytics program. Current Illinois Tech students should consult their academic adviser to transfer into the program.

Excellent Education, Top Outcomes

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Featured Faculty

Meet your professors! Here are some of the faculty from Stuart School of Business who teach courses in this program.

Liad Wagman
John and Mae Calamos Dean Endowed Chair Professor of Economics Affiliate Professor, Lewis College of Science and Letters
Priyanka Sharma
Associate Professor of Economics
Sang Baum Kang
Assistant Director, Undergraduate Programs in Business Associate Professor of Finance
Alan Secor
Industry Assistant Professor of Public Administration
John Twombly
Associate Dean for Undergraduate Affairs Director of Undergraduate Programs in Business Clinical Professor of Accounting and Finance Adjunct Faculty, Industrial Technology and Management
Tao Wu
Associate Professor of Finance
Xiaoyun "Aarn" Cao
Clinical Assistant Professor of Management

For More Information

Brian Albertsen

Do you have questions about Stuart School of Business degree programs or the application and enrollment process? Connect with our Director of Recruitment and Enrollment Strategy Brian Albertsen.

Stuart School of Business

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