Illinois State University

Master in Economics, Quantitative Economics

Normal, United States1 yearTaught in EnglishOpen to international students

Why students choose this program

  • Taught in English
  • Applications currently open

About Master in Economics, Quantitative Economics

Tuition fees are 26,332 USD per year, while applications for the Aug 2027 intake are due by May 1, 2027.

The Master in Economics, Quantitative Economics at Illinois State University is a Master's degree for students who want to study quantitative economics in the United States. It takes a few years to complete and helps students learn about economic models and data analysis.

The curriculum includes subjects like mathematical economics, statistical analysis, and computational methods. Students also develop skills in programming, data visualization, and research methods. The program has hands-on components like simulations and modeling exercises.

Graduates can work as Data Scientists, Quantitative Analysts, Economic Researchers, Business Development Managers, or Risk Managers. They can find jobs in finance, consulting, government, or research institutions.

About Illinois State University

Illinois State University (ISU), founded in 1857 and located in Normal, is a comprehensive public university with a long tradition of teacher education and broad academic offerings across 252 programs. Serving roughly 20,878 students, including an international cohort of about 1,000, ISU combines strong undergraduate teaching with expanded graduate and professional programs in education, business, health sciences, arts and applied disciplines.

ISU emphasizes career-ready learning, small class sizes and strong faculty mentorship. Programs integrate experiential learning through internships, community partnerships and applied research, helping students build professional portfolios and practical experience. The university’s commitment to student success is reflected in advising services, career centers and active employer engagement that support transitions into regional and national job markets.

Campus life in Normal offers a welcoming college-town atmosphere with cultural events, clubs and practical support for international students, from orientation to career counseling. ISU’s location in central Illinois combines affordable living with access to metropolitan centers for internships and networking. For international applicants seeking a supportive, student-centered campus with a balance of academic breadth and applied opportunities, Illinois State provides a stable, professionally oriented environment to develop skills and begin a global career.

English Test Requirement

This program asks forIELTS 5.5-6.0. Here's what that's worth on the other tests universities accept, based on the official concordance tables:

Duolingo

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85–95

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TOEFL iBT
46–59
PTE Academic
42–49
CEFR level
B1/B2
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Equivalences are approximate — confirm the exact test and score the program accepts.

Master in Economics, Quantitative Economics: Frequently Asked Questions

What are the fees for Master in Economics, Quantitative Economics?
Tuition: USD 26,331.6 per year. Application fee: USD 70. Service fee: USD 100.
What are the entry requirements for Master in Economics, Quantitative Economics?
Entry requirements include: Education: Bachelor's Degree; Academic performance: Grade C-B (55%-60%, GPA 2-2.5); English: IELTS 5.5-6.0; Age: 18-35.
How long is the Master in Economics, Quantitative Economics program?
The program duration is 1 year.
What is the application deadline?
The application deadline is 2027-05-01.
Is Master in Economics, Quantitative Economics available online?
This is an on-campus program at Illinois State University in Normal.

Similar Programs You Can Apply To

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