Econometrics and Quantitative Economics

College of Liberal Arts & Sciences


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

84% employed or continuing education

54% employed after graduation

29% attending graduate school

1% volunteering

$51,527 average starting annual income

Sample employer destinations: Epic Systems, University of Illinois at Urbana-Champaign, Allstate Insurance Company View All

Sample grad school destinations: University of Illinois at Urbana-Champaign, University of Illinois at Chicago, Columbia University View All

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 Guide

Graduation & Retention2

4.0 years to degree

92% first-year retention rate

72% four-year graduation rate

85% six-year graduation rate

Annual Program Costs3

Illinois Resident

  • Tuition: $15,250
  • Fees: $4,928
  • Expenses: $18,222
  • Total: $38,400


  • Tuition: $34,370
  • Fees: $4,928
  • Expenses:$18,562
  • Total: $57,860


  • Tuition: $36,818
  • Fees: $4,928
  • Expenses: $18,562
  • Total: $60,308