Massachusetts Institute of Technology
The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of modern technology and science.
At a glance
- Acceptance rate: 5%
- Average net price: $20,111
- Undergraduate enrollment: 4,788
- Graduation rate (150%): 96%
- Graduation rate (200%): 97%
- 8-year Outcome Measures award rate: 97%
- Student to faculty ratio: 3:1
- Median earnings (10 years): $143,372
- Median earnings (8 years): $135,278
- Median earnings (6 years): $131,633
- Control: Private nonprofit
- Locale: City, midsize
- Calendar: Four-one-four plan
- City: Cambridge, MA
Majors and programs
The most common programs at MIT include Computer Science, Mechanical Engineering, Mathematics.
- Computer Science (323 bachelor's) · median earnings $225,141 4 years after graduation · median debt $11,077
- Mechanical Engineering (104 bachelor's) · median earnings $131,967 4 years after graduation · median debt $11,507
- Mathematics (98 bachelor's) · median earnings $174,951 4 years after graduation · median debt $9,751
- Electrical Engineering (58 bachelor's) · median earnings $161,118 4 years after graduation · median debt $10,967
- Aerospace Engineering (55 bachelor's) · median earnings $114,620 4 years after graduation · median debt $17,724
- Physics (49 bachelor's) · median earnings $131,025 4 years after graduation · median debt $18,500
- Biomedical Engineering (48 bachelor's) · median earnings $111,738 4 years after graduation · median debt $13,000
- Cognitive Science (44 bachelor's) · median earnings $126,153 1 year after graduation
- Economics and Computer Science (39 bachelor's) · median earnings $126,153 1 year after graduation
- Chemical Engineering (32 bachelor's) · median earnings $122,093 4 years after graduation · median debt $17,000
Degree mix: Business 28%, Engineering 42%, Computer Science 24%, Biological Sciences 5%, Communication 1%.
Award levels offered: Bachelor's, Master's, Doctoral.
Cost
MIT students from families earning $0 to $30,000 pay about $0 a year after aid.
- Net price, $0 to $30,000: $0
- Net price, $30,001 to $48,000: $0
- Net price, $48,001 to $75,000: $4,621
- Net price, $75,001 to $110,000: $13,696
- Net price, $110,001 and above: $46,627
- In-state tuition and fees: $62,396
- Out-of-state tuition and fees: $62,396
- Books and supplies: $910
- On-campus room and board: $20,280
- Off-campus room and board: $20,280
- Off-campus with family: $2,374
- Typical cost of attendance: $83,586
- Sticker vs net gap: 76%
- Students receiving any aid: 100%
- Pell Grant recipients: 19%
- Federal loan recipients: 7%
- Average institutional grant: $59,510
- Average federal loan: $5,882
- Median debt at graduation: $14,768
Admissions
MIT admits 5% of applicants. Of students admitted, 86% enrolled.
- Applications: 28,232
- Admitted: 1,284
- Enrolled: 1,102
- Yield (first-choice signal): 86%
Who actually goes here
- Undergraduates: 4,788
- Women: 43%
- Commuter share (estimated): 0%
- Part-time undergraduates: 1%
- Age 25 and older: 87%
- Graduate students: 7,943
- Graduation rate: 96%
- Come back after freshman year: 99%
- First-generation: 26%
Faculty and campus
- Full-time faculty: 78%
- Student to faculty: 3:1
- Professor salary: $294,972
- Associate professor salary: $191,064
- Assistant professor salary: $165,704
- On-campus housing capacity: 8,180
- Meal plan meals per week: 21
- Average SAT: 1,560
- Average ACT: 35
- Study abroad: Available
- Online programs: Available
Common questions
What is the MIT acceptance rate? MIT admits 5% of applicants, based on the latest IPEDS admissions file.
How much does MIT cost? Students from families earning $0 to $30,000 pay about $0 a year after aid. Average net price is $20,111.
What majors does MIT offer? Popular programs include Computer Science, Mechanical Engineering, Mathematics, Electrical Engineering, Aerospace Engineering.
What is the average salary after MIT? Median earnings 10 years after entry are $143,372 for Title IV aid recipients in College Scorecard.
What is the MIT graduation rate? In the IPEDS Outcome Measures cohort, 97% earned an award within eight years. The first-time, full-time 150% graduation rate is 96%.
Scorecard earnings and debt cover Title IV aid recipients, not cash-pay or private-loan students. Massachusetts Institute of Technology official site: https://web.mit.edu.