Management Science and Analytics (M.S.)
In our nationally-ranked program, you can develop the high-impact analytical and quantitative skills that drive business success.
The Master of Science in Management Science and Analytics is a rigorous program that prepares students to successfully analyze and solve complex business problems.
The program’s emphasis on quantitative methods, analytical tools, and computer models, with a choice of specializations in either quantitative finance or analytics, helps students master a data-intensive approach to management science attuned to the demands of the industry.
Through Illinois Tech’s one-of-a-kind Elevate program, you are guaranteed access to hands-on experiences throughout your graduate years, such as virtual and in-person internships, research projects, and more. You’ll also receive personalized mentorship to guide your academic studies and career planning.
Chicago is a global financial center and home to a diverse range of industries, including a growing tech business sector. Stuart School of Business leverages its downtown location to offer students access to opportunities for internships, networking, and career-focused events with employers.
The result is career readiness that employers are seeking. Our management science and analytics graduates are ready to step into positions in business, finance, and management where they can use their knowledge and skills to create strategic, impactful solutions to pressing business challenges.
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 M.S. in Management Science and Analytics program, ranked #16 in the United States by TFE Times, teaches students to effectively use quantitative methods, analytical tools, and computer models to devise innovative solutions to complex problems in business, finance, and management.
Career Opportunities
In the Master of Science in Management Science and Analytics program, students develop the skills and knowledge they need to be successful in mid-level careers as business analysts, consultants, and analytics and data managers and directors. Recent graduates have been hired by companies such as:
- Bank of America
- BMO Harris Bank
- Clorox Company
- Discover Financial Services
- Envestnet Asset Management
- Goldman Sachs
- Kellogg Company
- POSCO America Corporation
- Teladoc Health
The M.S. in Management Science and Analytics program’s curriculum includes core courses focused on mathematical economics, statistics, and modeling in management science, as well as courses in the student’s area of specialization (analytics or quantitative finance) and elective courses.
Note: Beginning in the fall 2024 semester, this program will require successful completion of at least 30 credit hours (10 courses).
- Completed Online Application
- Master of Science in Management Science and Analytics applicants must have completed an undergraduate degree
- Official transcript submission with a minimum cumulative undergraduate grade-point average of 3.0 on a 4.0 scale
- No GMAT or GRE scores required
- A one-page statement of purpose, with goals and objectives
- English proficiency exam, if required
This program may be completed full-time in as few as three semesters, or you may enroll part-time.
M.S. students may apply for the Stuart Ph.D. in Management Science and Analytics program during the course of their studies. If admitted, all credits already earned in the M.S. in Management Science and Analytics program may be applied toward the Ph.D. program.
Fall Semester Admission Only
Given the prescribed sequence of required courses, new students are only admitted to this program in the fall semester of each year.
Have Questions? Connect with Us
For any questions about Stuart School of Business degree programs or the application and enrollment process, contact our Director of Student Recruitment Claire Johnson.
Scholarships
Domestic students pursuing the M.S. in Management Science and Analytics program who seek to advance their careers in the Chicago-area market are eligible to apply for the Chicago Talent Pipeline Scholarship. In academic year 2024–25, this scholarship awards a maximum of $14,000 per degree.
International students pursuing the M.S. in Management Science and Analytics program are eligible to apply for the Stuart School of Business Dean’s Scholarship, which in academic year 2024–25 awards up to $14,000 for the full two-year program.
Read more about Stuart scholarship opportunities and tuition and fees:
Choose a Specialization
Get Hands-on with Your Learning
Experience an Internship
Stuart students get a head start on their careers with internships at top companies such as CME Group, Eurex, Wintrust, and many others.
Dive into Equity Analysis
Apply what you've learned in the classroom in Stuart Investments, the student-led organization where you engage in equity research, valuation modeling, and portfolio management.
Gain a Competitive Edge
From risk management to equity valuation, Stuart students put their financial knowledge and skills to the test in national and international business competitions.
Stuart Stands Out
Rank in the U.S. among Master’s of Management Programs
—TFE Times (2024)
Career Placement Rate
—Stuart School of Business 2022 master’s and Ph.D. graduates reporting
Stuart is AACSB Accredited. Only 6% of Business Schools Globally Are.
—Association to Advance Collegiate Schools of Business International
Featured Faculty
Siva K. Balasubramanian
Benjamin E. Van Vliet
Haizhi Wang
Priyanka Sharma
Ricky “Rick” Cooper
Elizabeth J. Durango-Cohen
Ghazale Haddadian
Tools for Research
The Financial Markets Research Lab at Stuart School of Business is designed to give students the tools they need to pursue high-level research in finance. The lab features 10 individual dual-monitor Bloomberg workstations, two large wall-mounted monitors for screen sharing, and the latest software and subscriptions to major business databases.
Move Your Career Forward
