Economics and Data Analytics (M.S.)

As datasets explode in size and availability, and machine learning and artificial intelligence become key tools for empirical work, the career opportunities for students who are proficient in both economics and data analytics are greater than ever.

The Master of Science in Economics and Data Analytics program at Stuart School of Business teaches you cutting-edge skills and expertise that are in high demand—analyzing and interpreting complex data, designing and developing models, making informed decisions, and communicating insights from data effectively.

You’ll take courses that are drawn from two Stuart programs that are nationally ranked by TFE Times (2023)—M.S. in Management Science and Analytics (ranked #17) and M.S. in Marketing Analytics (ranked #23)—and taught by expert faculty with extensive backgrounds in industry.

Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences, such as internships and real-world projects. You’ll also receive personalized mentorship to guide your academic studies and career planning.

Stuart’s downtown Chicago location places you at the heart of a global business and financial center with one of the most diverse regional economies in the nation. Our strong industry connections open up opportunities for employment and for networking with Stuart alumni and other accomplished professionals.

Graduates of our program are prepared to step into well-paying jobs in a range of industries, such as technology, banking and finance, consulting, government agencies, nonprofit organizations, and health care.

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

In the M.S. in Economics and Data Analytics program you will have access to faculty experts and courses from both disciplines, so you can learn how to apply advanced analytical and modeling techniques, solve complex empirical problems, and communicate your insights effectively.

Career Opportunities

The M.S. in Economics and Data Analytics program provides excellent preparation for the industry, government, and nonprofit sector job markets in positions such as economists, data scientists, policy or data analysts, economic forecasters, and management consultants. The demand for professionals in these fields is growing, especially for data scientists.

For example, the United States Bureau of Labor Statistics reports a median annual wage for economists of $113,940 in 2022, with those working in management, scientific, and technical consulting services earning a median annual wage of $130,160. Projected employment growth in this profession is six percent from 2022 to 2032.

For data scientists, employment is projected to increase by 35 percent from 2022 to 2032, and the reported median annual wage in 2022 is $103,500.
 

Scholarships

Domestic students pursuing the M.S. in Economics and Data Analytics degree are eligible to apply for the Chicago Talent Pipeline Scholarship, which supports motivated individuals to advance their career paths as project management professionals. This scholarship awards up to $14,000 per degree.

International students pursuing the M.S. in Economics and Data Analytics degree are eligible to apply for the Stuart School of Business Dean’s Scholarship, which awards up to $14,000 for the full two-year program.

Read more about Stuart scholarship opportunities and tuition and fees:

STUART SCHOLARSHIPS   TUITION AND FEES