Economics and Data Science (B.S.)
Economists explore how markets work—producing, distributing, and consuming goods and services—and they analyze how individuals, organizations, and nations manage and use resources, respond to incentives, and make choices about spending, investment, and policies. Data scientists manage, analyze, and visualize massive amounts of data to find patterns and derive knowledge and insights.
The Bachelor of Science in Economics and Data Science degree teaches students how to apply the concepts of economics and the powerful techniques of data science in order to understand economic events and trends, develop business and organizational strategies, predict potential outcomes, and make informed decisions.
In this interdisciplinary program you will learn from world-class faculty at Illinois Institute of Technology’s Stuart School of Business and College of Computing, and take courses in economics, business, data science, computer science, and applied math.
Graduates are prepared with STEM-oriented expertise and skill sets that enable them to solve complex challenges, increase efficiency, and lead data-driven decision-making in the business, government, and nonprofit sectors.
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 connect your learning with real-world practice. You also receive mentoring to guide your academic studies and build your career readiness.
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 provide you with access to internships, networking, and job opportunities in a variety of industries.
Intakes
- Jan
- May
- Aug
Application Processing Time in Days: 30
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
The B.S. in Economics and Data Science degree provides excellent preparation for a variety of job roles in the private sector, particularly at technology-focused or financial businesses, as well as in the nonprofit, government, and consulting sectors.
Other examples of potential job roles for graduates of this program include:
Quantitative research analyst
Financial data scientist
Health care economist
Policy analyst or researcher
Economic research analyst
Business continuity planner or consultant
PSW Opportunity
Post-Study Work visa or permit, allowing international students on F-1 visas to work in the US after completing their studies, typically through Optional Practical Training (OPT).
Eligibility:
To be eligible for OPT, students must have been enrolled full-time in a US educational institution for at least one academic year and be seeking work related to their major.
Duration:
Students can apply for up to 12 months of OPT, either before they finish their studies (pre-completion) or after graduation (post-completion).
STEM OPT:
Students in STEM (Science, Technology, Engineering, and Mathematics) fields can apply for an extended OPT period of up to 24 months.
Contact our PSA counselor for more information
Admission Requirement / Eligibility Criteria
First-year applicants are currently enrolled in secondary school, or have completed secondary school and have not attended an institute of higher education outside of their secondary school experience.
This includes students who have taken A-levels or studied in an Advanced Placement (AP) or International Baccalaureate (IB) curriculum, as long as they have not completed university coursework. Sometimes these students are also referred to as freshmen, regardless of their class standing upon entering the university.
Official SAT I and ACT Test Scores (Optional): In response to the challenges created by COVID-19, Illinois Tech will not require standardized tests for undergraduate applicants in spring 2021 and fall 2021. This policy applies to all first-year, transfer, and international applicants and all merit scholarship considerations. Students who do not submit standardized scores will not be disadvantaged in the application process.
Students may be asked to take a math placement exam to determine course readiness if they are applying to a more rigorous academic program.
For students who have already taken the SAT I or ACT and want to submit standardized test scores, your test scores will be considered supplemental information in your application. Illinois Tech's SAT code is 1318; the ACT code is 1040. Illinois Tech will super score any official scores that are submitted.
Provide Illinois Tech an official copy of the English proficiency Duolingo English Test, TOEFL or IELTS score report. The TOEFL code to send your scores to Illinois Tech is 1318. Duolingo English Test can be submitted directly by indicating Illinois Institute of Technology.
TOEFL iBT: 80
IELTS: 6.5
Duolingo: 115
International applicants who are interested in attending Illinois Tech, and who meet academic and financial requirements but do not meet the minimum English proficiency requirements, may be offered conditional admission.
Admission with additional English language courses: Applicants are offered admission on the condition that they enroll concurrently in English language courses alongside their other university courses, as determined by our English Language Services department.
Admission after completion of the Intensive English program: Applicants are offered admission on the condition that they first complete the Intensive English program. Students who are offered this admission path are automatically admitted to Illinois Tech's Intensive English Program.
- Course Type: Full Time
- Course Level: Bachelors/UG Degree
- Duration: 04 Year
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Total Tuition Fee:
206592 USD
Average Cost of Living: 14000 USD /year
Application Fee: N/A
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