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Bachelor of Science in Economics and Data Science (STEM)

Illinois Institute of Technology - Mies Campus

USA,Illinois

0 Shortlist

48 Months

Duration

CAD 50,636/year

Tuition Fee

CAD 0 FREE

Application Fee

Aug 2025

Apply Date

USA, Illinois

Type: University

Location Type: Urban

Founded: 1890

Total Students: 8,565 +

Campus Detail

Main Campus Address

10 W 35th St, Chicago, IL 60616, United States

Overview
Key Facts
Fees & Funding
Admission Requirements
Additional Info
Scholarships
Student Visa
Work Permit

Bachelor of Science in Economics and Data Science (STEM)

Program Overview

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.

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 Data Science degree focuses on applying data science concepts in the economics domain. With a grounding in these two complementary disciplines, graduates are ready to use high-level computational techniques to gain valuable insights from data, predict trends, solve business problems, and help businesses and organizations become more efficient.

Detailed Program Facts

Program Level

4-Year Bachelor's Degree

Application Processing Days

28 Days

Program Intensity

Full-Time

Duration of Program

48 Months

Program Intakes

Intake Month/Year		Intake Status
jan 2025		Closed
aug 2024		Closed
aug 2025		Open

Application Fee

Application Fee: CAD 0 FREE

Tuition Fee

CAD 50,636 per year

*Note: The fee is approximate and is subject to change

Living Cost in Illinois Institute of Technology - Mies Campus

CAD 12,000 per year

*Note: The fee is approximate and is subject to change

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Check program website for more information about funding options.

English Test Requirements

IELTS
- Minimum Overall Score - 6.5
TOEFL
- Minimum Overall Score - 80
SAT
- Minimum Overall Score - 1,200.0
DUOLINGO
- Minimum Overall Score - 115.0

Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School Diploma.

Minimum CGPA Required: 70.00 %

Additional Information

Career Opportunities

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.

Overall, the employment outlook is very good for the roles 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.

Data scientist or business intelligence analyst—median wages of $103,500; job growth of 35 percent (much faster than the average growth for all job categories)
Operations research analyst—median wages of $85,720; job growth of 23 percent (much faster than the average growth for all job categories)
For students who take appropriate elective courses in finance:
- Financial analyst—median wages of $96,220 or
- Financial risk specialist—median wages of $102,120; both with faster than average job growth projected
Economist—median wages of $113,940; job growth of six percent (faster than average)
- Positions typically require a master’s degree. Interested students could consider the Accelerated Master’s Program co-terminal option, pairing this bachelor’s degree with the M.S. in Economics and Data Analytics or M.S. in Financial Economics degrees.

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

Scholarships

Illinois Tech has several of its own competitive scholarship programs that are open to both undergraduate and graduate students. All domestic undergraduate first-year and transfer students are automatically considered for scholarships that cover a generous portion of expenses such as tuition. Graduate students in select degree programs also may be considered for additional special scholarships, beyond any fellowships that they may receive.

Work Permit

PGWP

Optional Practical Training or OPT is a period during which students, who have completed their degrees in the USA, are permitted to work for one year on a student visa by the United States Citizenship and Immigration Services (USCIS). OPT allows students to work for up to 3 years and develop real-world skills to survive in the competitive jobs market.

It is temporary employment for a period of 12-months that is directly related to the major area of study of an F-1 student. Eligible students have the option to apply for OPT employment authorization before completing their academic studies and/or after completing their academic studies.

A student can participate in three types of Optional Practical Training (OPT):

Pre-Completion OPT: This is temporary employment provided to F-1 students before completion of their course of study.
Post-Completion OPT: This is temporary employment available to F-1 students after completing their course of study.
24 Month STEM Extension: Students enrolled in STEM (Science, Technology, Engineering, and Mathematics) courses can a 24-month extension after their initial Post-Completion OPT authorization.