Program Overview

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Program Overview

The Ph.D. in Management Science and Analytics program focuses on developing sophisticated research, quantitative, and analytical skills that students can apply to create innovative, impactful solutions to challenges in any area of business. Mentored by Stuart faculty, our graduates have the rigorous academic preparation and practical experience to thrive in business and academic careers.

Career Opportunities

Ph.D. graduates from Stuart School of Business are prepared to excel at careers in academia as well as executive and management positions in the business, government, and consulting sectors.

• Amazon
• BMO Harris
• Carnegie Mellon University
• City University of New York
• Commercial Bank of China
• Discover Financial Services
• East China Normal University
• Efficient Capital Management
• Envestnet Asset Management
• Federal Home Loan Bank
• Industrial and Commercial Bank of China (ICBC)
• Kean University (New Jersey)
• Morgan Stanley
• Wells Fargo

Curriculum

The Ph.D. in Management Science and Analytics requires a minimum of 72 credit hours after the undergraduate degree. Courses are three credit hours each, unless otherwise noted.

Basic Core Requirements

(12 credit hours)

• MSC 511—Mathematical Economics I - Microeconomics
• MSC 512—Econometrics and Statistics I
• MSC 514—Mathematical Economics II - Microeconomics and Macroeconomics
• MSC 515—Econometrics and Statistics II
• HUM 601—Teaching Assistant Seminar (no credit hours)

Advanced Core Requirements

(six credit hours)

• MSC 611—Philosophy of Management
• MSC 612—Advanced Research Methods

Analytics Requirements

(18 credit hours)

• MSC 615—Predictive Analytics
• MSC 616—Social Media Marketing Analytics
• MSC 651—Quantitative Marketing Models
• MSC 652—Supply Chain Analytics
• MSC 653—Current Topics in Marketing Analytics
• MAX 502—Analytics for Decision Making

Additional Courses

(12 credit hours)

• Transferred credits from a master’s degree awarded to the student before entering the Ph.D. program.

Ph.D. Research

(24 credit hours)

• MSC 691—Research and Thesis Ph.D. (24 credit hours)

Admission Requirements

• Completed Online Application
• Official transcript submission with a minimum cumulative grade-point average of 3.0 on a 4.0 scale
• GMAT or GRE scores are required
• A one-page statement of purpose, with goals and objectives
• Three to four letters of recommendation from professors or employers
• English proficiency exam, if required

Program Details

• This program is selective and small with a high degree of interaction between faculty and students, and a mentor relationship with a faculty adviser.
• The Ph.D. committee carefully matches the interest of the student with the expertise of the faculty member.
• New students are only admitted to this program in the fall semester of each year.

Scholarships

The Stuart Doctoral Scholarship is available for select students pursuing a Ph.D. in Management Science and Analytics. Scholarship values vary; in academic year 2024–25 the maximum award is $25,500 ($425 per credit hour, with a maximum of 60 credit hours of coverage) and the Doctoral Scholarship may only be applied toward Stuart tuition charges.

Program of Study

Stuart requires that at least the first two years of study be completed on a full-time basis. After completion of coursework and qualifying/comprehensive exam requirements, the dissertation research may be done off campus if suitable arrangements for supervision are made.

Research and Faculty

• Stuart School of Business faculty are not just research mentors for doctoral students. Frequently they are colleagues with their students and recent graduates on research papers published in top scholarly journals.
• The program allows for a high degree of mentorship and interaction between faculty and students, with ample opportunities to conduct cutting-edge research alongside faculty experts.

Alumni Outcomes

• Assistant Professor of Business Administration, Saint Michael’s College
• Associate Professor of Finance, City University of New York
• Quantitative Analyst, Morningstar
• Assistant Teaching Professor, Carnegie Mellon University

Featured Faculty

• Siva K. Balasubramanian
• Smriti Anand
• Haizhi Wang
• Benjamin E. Van Vliet
• Li Cai
• Ricky “Rick” Cooper
• Sang Baum “Solomon” Kang
• Priyanka Sharma

Program Accreditation

Stuart is AACSB Accredited. Only 6% of Business Schools Globally Are. —Association to Advance Collegiate Schools of Business International

Unique Program Features

• Assistantships with Stuart faculty members provide opportunities for Ph.D. students to take on roles in the classroom, research, or academic program administration.
• Program Director Siva K. Balasubramanian works closely with doctoral students interested in academic careers to arrange adjunct teaching positions at universities and colleges in the Chicago area.
• For students looking toward careers in industry, nonprofit organizations, and government, Illinois Tech’s unique Elevate program guarantees opportunities for internships and other hands-on experiences.