Management Science

The Ph.D. in Management Science Program at IIT prepares students and working professionals for careers in university teaching and research and for executive and management positions in business, government and consulting firms. Approximately half of the program's graduates have chosen academic careers. The 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. Area Committee carefully matches the interest of the student with the expertise of the faculty member. The program offers two concentrations: Operations and Finance. At the IIT Stuart School of Business, operations is taught as the design and implementation of systems that improve the effectiveness and efficiency of organizations. Candidates in the program learn to understand how the optimization of resources people, technology, finance and information can be effectively integrated for competitive advantage. Management today realizes the value of operations in any organization, whether it produces products or provides services. The Ph.D. with a finance concentration is offered only as part of the Master of Science in Finance/Ph.D. Dual Degree Program, unless the applicant has earned a graduate degree that is equivalent to the program at IIT Stuart, as determined by the program director. Students in this dual degree program may earn both an M.S. in Finance and a Ph.D. in Management Science.