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Illinois Institute of Technology

Chicago, Illinois, United States

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 mentoring 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.

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

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.

Business intelligence analyst
Health economics analyst
Market surveillance analyst
Pricing analyst

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.