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Master of Science in Economics and Data Analytics (STEM)

Illinois Institute of Technology - Mies Campus

USA,Illinois

0 Shortlist

24 Months

Duration

CAD 33,318/year

Tuition Fee

CAD 100

Application Fee

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

Master of Science in Economics and Data Analytics (STEM)

Program Overview

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.

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.

Detailed Program Facts

Program Level

Master's Degree

Application Processing Days

28 Days

Program Intensity

Full-Time

Duration of Program

24 Months

Backlogs Allowed

Program Intakes

Intake Month/Year		Intake Status
aug 2025		Closed

Application Fee

Application Fee: CAD 100

Tuition Fee

CAD 33,318 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
DUOLINGO
- Minimum Overall Score - 115.0

Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor's Degree.

Minimum CGPA Required: 70.00 %

Additional Information

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.

Scholarships

Type of Scholarship	Scholarship Information	Amount/ Range
International Undergraduate Student Scholarships	International Undergraduate Student Scholarships Criteria: Open to international first-year and transfer students. No separate application required; considered automatically upon admission. Based on academic success, community involvement, and other achievements. Note: International students must submit a Financial Affidavit of Support to demonstrate their ability to finance their education. LINK: https://www.iit.edu/admissions-aid/tuition-and-aid/scholarships	International Undergraduate Student Scholarships Amount: $40,000–$100,000 over four years.

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.