Illinois Tech will showcase eight graduate programs in data-driven decision-making at an open house on Thursday, February 25, from 4:30-6 p.m. in Stuart Building, Rooms 204 and 239. All are welcome. For more details and to register, click here.
Today, there is a “premium on analytics talent,” as the MIT Sloan Review put it. Data is generated everywhere, by everything we do. The analyst firm IDC predicted that there will be 40 zettabytes of it by 2020. Organizations know that if they can extract meaning from that data, they can gain significant competitive advantage.
However, not enough people know how to do that. In a Sloan survey last year, 40 percent of companies said they were struggling to find the data analytics talent they need. Half said making sense of all their data was their biggest analytics challenge.
If you have an interest and aptitude in this area, explore the options for graduate school at Illinois Tech. The programs being showcased are:
Extract value from mass quantities of data using high-level mathematics, statistics, and computer science. Not tools-based; teaches the underlying science, so you can become a true problem-solver rather than a technician. McKinsey estimates a shortage of 190,000 people with these skills by 2018. Available part-time, online.
Master of Mathematical Finance (MMF)
Superior quantitative education for people who want to do financial risk management with advanced education in theoretical, computational, and business aspects of quantitative methodologies relevant to the financial industry.
Alumni work at banks, investment banks, and other organizations such as CME Group, Citigroup, Goldman Sachs, JPMorgan Chase & Co., and Morgan Stanley. Ideal balance of theory and practice; instructors are financial practitioners.
Master of Science in Computational Decision Science and Operations Research (CDSOR)
Make the best decisions possible given the constraints of a problem; help organizations identify efficiencies and operate more effectively. This program was designed to meet the growing demand for computationally proficient decision scientists and operations research professionals.
The U.S. Bureau of Labor Statistics estimates there will be a 27 percent increase in operations analysts from 2012-2022, or 19,500 new jobs.
Use advanced mathematics to help companies operate better, e.g., manage risk in an insurance company. Program includes team and communications skills. Students take the Society of Actuaries Exam P (probability) and prepare for Exam MFE (models of financial economics).
Projected growth of 26 percent from 2012-2022, per U.S. Bureau of Labor Statistics.
Master of Science in Marketing Analytics
Prepare for a career in market research, business analytics, or social media marketing by learning how to harness massive quantities of consumer data through marketing strategy, predictive analytics, and cognitive computing.
Master of Science or Ph.D. Management Science
Learn how to identify pressing issues facing the business community, structure problems and gather data, and present strategic, impactful solutions through quantitative methods, analytical tools, and computer models.
Gain hands-on experience working in the financial markets through coursework and interactive opportunities to apply your knowledge in computational finance, financial technology, statistics, and modeling.
Master of Technological Entrepreneurship (MTE)
Launch a tech-focused startup through this one-year program. By combining courses from Illinois Tech’s business, law, and design schools, the MTE prepares entrepreneurs with backgrounds in science, technology, engineering and math for business success in high-tech industries.
For more information or to register for the open house, click here.
