Massachusetts Institute of Technology

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2017 Undergraduate Tuition
$49,580
2.99% growth from 2016
2017 Average Net Price
$22,230
After Financial Aid
2016 Student Loan
0.663%
Default Rate
2017 Acceptance Rate
7.17%
20,247 Applicants
2017 Enrolled Students
11,466
97.5% Full-Time
2017 Graduation Rate
93.8%
1,050 Graduates

About

Massachusetts Institute of Technology is a higher education institution located in Middlesex County, MA. In 2016, the most popular Bachelor's Degree concentrations at Massachusetts Institute of Technology were Computer Science (378 degrees awarded), Mechanical Engineering (169 degrees), and General Mathematics (112 degrees).

In 2017, 3,710 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 37.6% of these degrees were awarded to women, and 62.4% awarded men. The majority of degree recipients were white (1,207 degrees), 2.06 times more than then the next closest race/ethnicity group, asian (587 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $49,580, which is $23,080 more than the national average for Doctoral Universities ($26,500).

Costs

The median undergraduate tuition at Massachusetts Institute of Technology is $49,580, which is $23,080 more than the national average for Doctoral Universities ($26,500).

After taking grants and loans into account, the average net price for students is $22,230.

In 2017, 68% of undergraduate students received federal grants, while 14% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$49,580
2017 Undergraduate Tuition

In 2017, the cost of tuition at Massachusetts Institute of Technology was $49,580. The cost of tuition at Massachusetts Institute of Technology is $23,080 more than than the overall (public and private) national average for Doctoral Universities ($26,500).

This chart compares the tuition costs of Massachusetts Institute of Technology (in red) with those of other similar universities.

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Average Net Price

$22,230
2017 Value
3.03%
1 Year Growth

In 2017 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $22,230. Between 2016 and 2017, the average net price of Massachusetts Institute of Technology grew by 3.03%.

This chart compares the average net price of Massachusetts Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$14,210
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $14,210 in 2017. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 3.5% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

68%
Of Undergraduates Receive Grants
14%
Of Undergraduates Receive Federal Loans

68% of undergraduate students at Massachusetts Institute of Technology received grants or loans in 2017. This represents a decline of 1.45% with respect to 2016, when 69% of undergraduate students received financial aid.

This chart compares the average award discount at Massachusetts Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0.663%
2016 Default Rate
4
Number of Defaults

In 2016 the default rate for borrower's at Massachusetts Institute of Technology was 0.663%, which represents 4 out of the 603 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Massachusetts Institute of Technology received 20,247 undergraduate applications in 2017, which represents a 6.45% annual growth. Out of those 20,247 applicants, 1,452 students were accepted for enrollment, representing a 7.17% acceptance rate.

There were 11,466 students enrolled at Massachusetts Institute of Technology in 2017, and 72% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 75.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.17%
Acceptance Rate in 2017
1,452
Accepted Out of 20,247

In 2017, the undergraduate acceptance rate of Massachusetts Institute of Technology was 7.17% (1,452 admissions from 20,247 applications). This is lower than the acceptance rate of 2016, which was 7.94%. Between 2016 and 2017, the number of applicants grew by 6.45%, while admissions declined by -3.9%.

This chart compares the acceptance rate of Massachusetts Institute of Technology (in red) with that of other similar universities.

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SAT Scores

72%
Submission Percentage
787
Scores Submitted

72% of enrolled first-time students at Massachusetts Institute of Technology in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Massachusetts Institute of Technology has a total enrollment of 11,466 students. The full-time enrollment at Massachusetts Institute of Technology is 11,181 students and the part-time enrollment is 285. This means that 97.5% of students enrolled at Massachusetts Institute of Technology are enrolled full-time.

The enrolled student population at Massachusetts Institute of Technology, both undergraduate and graduate, is 31.9% White, 17.2% Asian, 8.92% Hispanic or Latino, 4.12% Two or More Races, 3.35% Black or African American, 0.113% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are majority White Male (17.8%), followed by Asian Female (15.8%) and White Female (15.7%). Students enrolled in full-time Graduate programs are majority White Male (20%), followed by White Female (11.4%) and Asian Male (6.57%).

Full-Time vs Part-Time Enrollment

97.5%
Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology, both undergraduate and graduate, is 11,466 students. The full-time enrollment at Massachusetts Institute of Technology is 11,181 and the part-time enrollment is 285. This means that 97.5% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 78% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Massachusetts Institute of Technology (in red) compares to similar universities.

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Retention Rate over Time

99%
2017 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Massachusetts Institute of Technology was 99%. Compared with the full-time retention rate at similar Doctoral Universities (83%), Massachusetts Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at Massachusetts Institute of Technology (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,662
  2. Asian
    1,972
  3. Hispanic or Latino
    1,023

The enrolled student population at Massachusetts Institute of Technology is 31.9% White, 17.2% Asian, 8.92% Hispanic or Latino, 4.12% Two or More Races, 3.35% Black or African American, 0.113% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 51.5% White, 13.4% Hispanic or Latino, and 9.57% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 527 students (4.6%) did not report their race.

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Graduates

In 2017, 922 fewer women than men received degrees from Massachusetts Institute of Technology. The majority of degree recipients at Massachusetts Institute of Technology are white (1,207 degrees awarded). There were 2.06 times more white graduates than the next closest race/ethnicity group, asian (587 degrees).

The most common Bachelor's Degree concentration at Massachusetts Institute of Technology is Computer Science (378 degrees awarded), followed by Mechanical Engineering (169 degrees) and General Mathematics (112 degrees).

The most specialized majors across all degree types at Massachusetts Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (180 degrees awarded), Engineering (1,353 degrees), and Math & Statistics (248 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Massachusetts Institute of Technology are Software developers (819,323 people), Other managers (480,334 people), Miscellaneous engineers, including nuclear engineers (347,225 people), Civil engineers (242,598 people), and Postsecondary teachers (215,232 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (180 degrees awarded), Engineering (1,353 degrees), Math & Statistics (248 degrees), Physical Sciences (208 degrees), and Computer and Information Sciences and Support Services (598 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Massachusetts Institute of Technology are Magnetic resonance imaging technologists, Chemists & materials scientists, Dentists, Surgeons, and Securities, commodities, & financial services sales agents

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (180 degrees awarded), Engineering (1,353 degrees), Math & Statistics (248 degrees), Physical Sciences (208 degrees), and Computer and Information Sciences and Support Services (598 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Massachusetts Institute of Technology are Computer Systems Design (937,805 people), Architectural, engineering & related services (579,812 people), Colleges, universities & professional schools, including junior colleges (430,631 people), Construction (318,639 people), and Elementary & secondary schools (263,952 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (180 degrees awarded), Engineering (1,353 degrees), Math & Statistics (248 degrees), Physical Sciences (208 degrees), and Computer and Information Sciences and Support Services (598 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Massachusetts Institute of Technology.
Most Common
  1. 378 degree-majorss awarded
  2. 169 degree-majorss awarded
  3. 112 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Massachusetts Institute of Technology was Computer Science with 378 degree-majorss awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Massachusetts Institute of Technology according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men
  1. 2,316
  2. 1,394

In 2017, 2,316 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.66 times more than the number of degrees awarded to females (1,394).

This chart displays the gender disparity between the top 5 majors at Massachusetts Institute of Technology by degrees awarded.

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Most Common Male Majors

In 2017, 435 degrees were awarded to men at Massachusetts Institute of Technology in General Business, which is 1.69 times more than the 258 female recipients with that same degree.

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Most Common Female Majors

In 2017, 258 degrees were awarded to women at Massachusetts Institute of Technology in General Business, which is 0.593 times less than the 435 male recipients with that same degree.

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Time to Complete

82%
100% Completion Time
92%
150% Completion Time

In 2017, 82% of students graduating from Massachusetts Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 92% completed their degrees within 150% of the normal time, and 93% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Massachusetts Institute of Technology is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (68.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.86% of graduates (30 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,207 degrees awarded
  2. Asian
    587 degrees awarded
  3. Hispanic or Latino
    354 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (1,207 degrees awarded). There were 2.06 times more white recipients than the next closest race/ethnicity group, asian (587 degrees).

3.77% of degree recipients (140 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    737 degrees awarded
  2. White Female
    470 degrees awarded
  3. Asian Female
    301 degrees awarded

The most common race/ethnicity and gender grouping at Massachusetts Institute of Technology is white male (737 degrees awarded). There were 1.57 times more white male recipients than the next closest race/ethnicity group, white female (470 degrees).

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Operations

Massachusetts Institute of Technology has an endowment valued at nearly $14.8B, as of the end of the 2017 fiscal year. The return on its endowment was of $2.34B (15.7%), compared to the 5.91% average return ($16.9M on $287M) across all Doctoral Universities.

In 2017, Massachusetts Institute of Technology had a total salary expenditure of $3.46B. Massachusetts Institute of Technology employs 644 Professors, 216 Associate professors, and 164 Assistant professors. Most academics at Massachusetts Institute of Technology are Male Professors (523), Male Associate professors(158), and Female Professors (121).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4437 employees, Office and Administrative Support, with 1936 employees, and Computer, Engineering, and Science with 1045 employees.

Finances

Endowment

$14.8B
2017 Endowment
12.5%
growth from 2016

Massachusetts Institute of Technology has an endowment valued at about $14.8B, as of the end of the 2017 fiscal year. The endowment of Massachusetts Institute of Technology grew 12.5% from the previous year. The value of their endowment was $14.5B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Massachusetts Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $1.43B - Federal
  2. $25.7M - State
  3. $0 - Local

As of 2017, Massachusetts Institute of Technology received $1.43B in grants and contracts from the federal government, $25.7M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$1.42B
2017 Salaries
5.99%
growth from 2016

In 2017, Massachusetts Institute of Technology paid a median of $1.42B in salaries, which represents 40.8% of their overall expenditure ($3.46B) and a 5.99% growth from the previous year. This is compared to a 6.52% growth from 2015 and a 5.92% growth from 2014.

The median for similar Doctoral Universities is 215M (42.7% of overall expenditures).

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Instructional Salaries

$228M
Instructional Salaries
1,353
Number of Employees

In 2017, Massachusetts Institute of Technology paid a total of $228M to 1,353 employees working as instructors, which represents 16.1% of all salaries paid.

This is compared to a median of $146M (22.5%) for similar Doctoral Universities: Highest Research Activity.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
644 Employees
Research
Most Common Non-Instructional Employee
4437 Employees

In 2017, the most common positions for instructional staff at Massachusetts Institute of Technology were Professor with 644 employees; Associate professor with 216 employees; and Associate professor with 164 employees.

In 2017, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,437 employees; Office and Administrative Support with 1,936 employees; and Computer, Engineering, and Science with 1,045 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Professor
  2. Male Associate professor
  3. Female Professor

In 2017, the most common demographic for instructional staff at Massachusetts Institute of Technology was Male Professor with 523 employees, Male Associate professor with 158 employees, and Female Professor with 121 employees.

This chart shows the gender split between each academic rank present at Massachusetts Institute of Technology.

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