Econometrics and Quantitative Economics

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What is Econometrics and Quantitative Economics?

In this major, you will have a strong foundation of economics and be able to apply statistics through data analysis to the market. This major will allow you to analyze data and apply it to your studies to focus on quantitative reasoning. Courses will range from microeconomics to calculus to statistics to matrix theory. If you’re interested in the numbers behind the market, consumption, and how capital is exchanged, then this major may be right for you.

Career Options

Accountancy
Auditing
Financial Analyst
Government
Investment Banking
Mergers and Acquisitions
Tax consulting

Post-Graduation Success¹

80% employed or continuing education

50% employed after graduation

30% attending graduate school

$71,041 average starting annual income

Sample employer destinations: Deloitte, Epic Systems, Wells Fargo, Freddie Mac, Wesco, Equitable Advisors, Beta University, Hormel Foods, Morningstar, Dattel Asia View All

Sample grad school destinations: University of Illinois Urbana-Champaign, The University of Texas at Austin, Purdue University, University of Michigan View All

Program Resources

College of Liberal Arts & Sciences Program Webpage Degree Requirements

Review Criteria

First-Year Major-Specific Criteria

Calculus preferred (if available at high school)
Demonstrated understanding of and interest in the major

View All Review Criteria

Transfer Criteria

Transfer Handbook

Graduation & Retention²

4.0 years to degree

94% returned for second year

72% graduated within 4 years

86% graduated within 6 years

Annual Program Costs³

Illinois Resident

Tuition: $15,898
Fees: $5,182
Expenses: $19,558
Total: $40,638

Non-Resident

Tuition: $38,574
Fees: $5,182
Expenses:$19,898
Total: $63,654

International

Tuition: $41,222
Fees: $5,182
Expenses: $19,898
Total: $66,302

Related Majors

Actuarial Science - LAS

Economics - LAS

Mathematics - LAS

Statistics - LAS

¹ Post-graduate data was collected through the Illini Success initiative, which primarily relies on self-reported survey data sources. Statistics are aggregated from the past three years. Please note that total compensation may be greater than annual salary as other forms of compensation (e.g., signing bonus, commission, benefits) are not included. For more information on Illini Success data and methods, please visit the Illini Success website. For average wage or salary information five years after entry into an occupation, visit the Post-Secondary Employment Outcomes Explorer.

² Graduation and retention data comes from several majors within a similar interest area. Data may not yet be available for newly created programs. Years-to-degree data is only available for programs from which you can earn a degree. Retention and graduation rates are only available for programs that you can apply directly into. Retention rates reflect retention to the university, not necessarily retention within the major.

³ "Expenses" are estimated and include books, supplies, housing, and other living expenses. The exact amount you’ll pay depends on where you decide to live, the meal plan you choose, and your overall lifestyle. To learn more about costs, please visit the Office of Student Financial Aid website. To learn the average monthly student loan payment over a period of 20 years based on estimated cost, visit the Illinois College2Career website.