Location: Chicago, IL•In-State Tuition: $51,763•Admission Rate: 55%•Avg SAT: 1296
Est. Earnings (1yr)
$73,277
Est. from IL median (4 programs)
Est. Median Debt
$16,875
Est. from national median (6 programs)

Analysis

A statistics degree from Illinois Institute of Technology appears positioned to deliver strong early returns, with comparable Illinois programs suggesting first-year earnings around $73,300—outpacing the national median for statistics graduates by roughly $14,000. The estimated debt load of $16,875 creates a manageable ratio of 0.23, meaning graduates would owe roughly three months' salary. This compares favorably to both state and national debt benchmarks for the field.

The earnings estimate places IIT's program near the state median, trailing only elite research universities like Northwestern and UChicago but substantially ahead of UIC's reported outcomes. For a school with a 55% admission rate and strong STEM reputation, these peer comparisons suggest solid positioning in Illinois's competitive analytics job market. Statistics graduates in Chicago typically have access to finance, consulting, and tech employers willing to pay well for quantitative skills.

The caveat: both figures here are estimates drawn from peer programs rather than IIT's actual graduate outcomes. While the debt estimate uses similar schools nationally and the earnings draws from Illinois statistics programs, you're making an investment decision without school-specific data. The fundamentals—reasonable debt paired with earnings that exceed typical statistics outcomes—suggest sound economics, but verify IIT's career placement specifically in analytics and data science roles before committing.

Where Illinois Institute of Technology Stands

Earnings vs. debt across all statistics bachelors's programs nationally

Illinois Institute of Technology (estimated ±10%)Other statistics programs

Dashed lines show national medians. Upper-left = best value.

Compare to Similar Programs in Illinois

Statistics bachelors's programs at peer institutions in Illinois (9 total in state)

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Illinois Institute of TechnologyChicago$51,763$73,277*—$16,875*—
University of ChicagoChicago$66,939$82,681*——*—
Northwestern UniversityEvanston$65,997$77,917*—$14,000*0.18
University of Illinois Urbana-ChampaignChampaign$16,004$68,636*$84,760$19,394*0.28
University of Illinois ChicagoChicago$14,338$38,296*—$22,945*0.60
National Median—$59,718*—$20,150*0.34
* Estimated from similar programs

Career Paths

Occupations commonly associated with statistics graduates

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Actuaries

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

$125,770/yrJobs growth:Bachelor's degree

Data Scientists

Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports.

$112,590/yrJobs growth:Bachelor's degree

Business Intelligence Analysts

Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.

$112,590/yrJobs growth:Bachelor's degree

Clinical Data Managers

Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends.

$112,590/yrJobs growth:Bachelor's degree

Mathematicians

Conduct research in fundamental mathematics or in application of mathematical techniques to science, management, and other fields. Solve problems in various fields using mathematical methods.

$104,350/yrJobs growth:Master's degree

Statisticians

Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians.

$104,350/yrJobs growth:Master's degree

Biostatisticians

Develop and apply biostatistical theory and methods to the study of life sciences.

$104,350/yrJobs growth:Master's degree

Mathematical Science Teachers, Postsecondary

Teach courses pertaining to mathematical concepts, statistics, and actuarial science and to the application of original and standardized mathematical techniques in solving specific problems and situations. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Survey Researchers

Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams.

$63,380/yrJobs growth:Master's degree
About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Illinois Institute of Technology, approximately 29% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in IL. Actual outcomes may vary.