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Managerial Analytics Certificate Program Prerequisites and Corequisites

Prerequisite FAQs Northwestern University undergraduate students* who are interested in applying for the Managerial Analytics must complete a series of prerequisite and corequisite courses.


Prerequisite courses should be completed by the time applications are due in Winter Quarter.  However, if necessary, one prerequisite course may be taken during Winter quarter of the application year.  Students are encouraged to complete as many corequisites as possible prior to applying and during the application cycle, but many students will continue working on the corequisites during their first year in the program.


Beginning in academic year 2022-23, new prerequisite and corequisite requirements have been implemented for the Financial Economics and Managerial Analytics certificates.  These changes will apply to all students applying to either certificate to begin in Spring 2023.  This change has been implemented to increase accessibility to the program to students from a variety of majors and backgrounds

Students admitted to the Managerial Analytics Certificate prior to 2022-23 will still be required to complete the corequisite requirements set forth to them in their offer letter.  These requirements are outlined here.


New Managerial Analytics Requirements

These advanced courses cover four subject areas:


  1. Calculus
  2. Microeconomics


  1. Probability
  2. Econometrics/Statistics
Download the Complete Prerequisite and Corequisite Checklist (pdf)

Important Course Planning Notes for Prospective Students

Please take the following information into consideration when planning your major/elective courses.  

  • Students cannot earn credit for both ECON 360 Foundations of Corporate Finance Theory and FE 310 Principles of Finance or for both BUS_INST 304 Corporate Finance and KELLG_FE 310: Principles of Finance


  • Students interested in taking Civ_Env 205: Economics and Finance for Engineers must take the course prior to be admitted to the program.  Students cannot earn credit for Civ_Env 205 if it is taken concurrently with or after KELLG_FE 310: Principles of Finance.

*The program does not accept applications from high school seniors, students attending other universities or other individuals who are not currently undergraduate students at Northwestern University.

Find out more about undergraduate admission at Northwestern University.

Prerequisites and Corequisites for Managerial Analytics Certificate
Requirement 1:
Calculus (Prerequisite)
Option 1: Regular Math
MATH 230-1 and
MATH 230-2
Option 2: MENU
MATH 290-2 and
MATH 290-3
Option 3: MENU Accelerated
MATH 291-2 and
MATH 291-3
Option 4: ISP
MATH 281-1 and
MATH 281-2
Option 5: MMSS
MATH 285-2 and
MATH 285-3
Option 6: Data Science Major
MATH 230-1 and
STAT 228-0
Option 7: McCormick 
Honors Calc. ES APPM 252-1 or MATH 228-1 
Honors Calc. ES APPM 252-2 or MATH 228-2

Requirement 2:
Microeconomics (Prerequisite)
[select one]
Requirement 3:
Probability (Corequisite)
[select one]
Requirement 4:
Econometrics/Statistics (Corequisite)
ECON 310-1*

MMSS 211-1 (MMSS students only)

MATH 314-0**

MATH 310-0**
MATH 311-1**
STAT 320-1**
STAT 383-0 (ISP only)
MATH 385-0 (MMSS only)

IEMS 202-0
ELEC_ENG 302-0
EECS 302-0
BMD_ENG 220-0 ^
CHEM_ENG 312-0 ^

**MATH 226-0 is a prerequisite or corequisite for these courses. Please see the course catalog. 

^ Students who take BMD_ENG 22-0 or CHEM_ENG 312-0 do not need to complete IEMS 303, just IEMS 304

Option 1:
Option 2: MMSS students only
MATH 386-1
Option 3:
IEMS 303-0 ^ and
IEMS 304-0
Option 4:
STAT 320-2 and
IEMS 304-0
Option 5: 
STAT 320-2 and
STAT 350-0
Option 6:
STAT 383-0 (ISP only) and
STAT 350-0 or IEMS 304-0
Option 7: Data Science Major Only ^^
STAT 301-1 or 303-1 and
STAT 301-2 or 303-2 and
STAT 301-3 or 303-3

 *Refer to the Economics Department Website for new information about Econ 381-1 prerequisites
^^ Only available to students who are in the Data Science Minor.  Students who have not been admitted to the Data Science Minor should not plan to pursue this option, as the minor has limited seats available.

*ECON 201 and ECON 202 are prerequisites


Q: Do any of the prerequisite courses have their own prerequisites?
A: In most cases, yes, consult the Northwestern Undergraduate Catalog or contact the appropriate academic department. 

Q: Do I have to take all honors classes?
A: Equal consideration is given to students who take honors and non-honors courses. Students may mix and match honors and non-honors courses.

Q: In what school should I take my prerequisite and corequisite classes?
A: Most prerequisite and corequisite courses are offered in both the Weinberg College of Arts & Sciences and McCormick School of Engineering. Students may choose to take courses in either or both schools.

Q: Do I have to complete all prerequisites before I apply during Winter Quarter?
A: Students should complete the prerequisite courses prior to the Winter Quarter of the year in which they apply to the program. One prerequisite course may be taken during Winter quarter if necessary.  This is often ECON 310-1.  In other words, if you are applying to begin in Spring 2023, you would complete your Calculus requirements by Fall 2022 and could choose to take ECON 310-1 in Fall 2022 or Winter 2023.

Q: When do I need to complete the corequisite courses?
A: Students are encouraged to take as many of the corequisite courses as possible prior to applying, but many students will continue to take them through their first year in the certificate program. 


Students applying as sophomores should work on corequisite courses during their sophomore year, including during the Winter quarter in which the application is due and the Spring quarter when they take their first Certificate courses.


Student applying as Juniors are strongly encouraged to begin corequisite courses during their sophomore year and complete them by the end of their Junior year.


All Certificate Program students must complete corequisite courses within one year of starting the program.  Students are also responsible with familiarizing themselves with the Certificate course prerequisites, as some of the courses require that students have completed certain corequisite courses prior to beginning the course.

Certificate Program for Undergraduates
Kellogg School of Management
555 Clark Street, Lower Level
Evanston, IL 60208-2800