Musicians Institute

www.mi.edu

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2023 Undergraduate Tuition

$26,424

7.74% growth from 2022

2023 Average Net Price

$39,056

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

71.3%

425 Applicants

2023 Enrolled Students

812

71.6% Full-Time

2023 Graduation Rate

44.1%

15 Graduates

About

Musicians Institute is a higher education institution located in Los Angeles County, CA. In 2023, the most popular Bachelors Degree concentrations at Musicians Institute were General Music Performance (43 degrees awarded), Music Theory & Composition (13 degrees), and Other Music (8 degrees).

In 2023, 303 degrees were awarded across all undergraduate and graduate programs at Musicians Institute. 22.4% of these degrees were awarded to women, and 77.6% awarded men. The most common race/ethnicity group of degree recipients was white (84 degrees), 2.8 times more than then the next closest race/ethnicity group, hispanic or latino (30 degrees).

The median undergraduate tuition at Musicians Institute is $26,424, which is $11,260 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Musicians Institute was 0%, corresponding to 0 out of the 328 total borrowers.

Special Focus Four-Year: Arts, Music & Design Schools Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Musicians Institute is $26,424, which is $11,260 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $39,056.

In 2023, 34% of undergraduate students attending Musicians Institute received financial aid through grants. Comparatively, 22% of undergraduate students received financial aid through loans.

Tuition Costs

$26,424

2023 Undergraduate Tuition

In 2023, the cost of tuition at Musicians Institute was $26,424. The cost of tuition at Musicians Institute is $11,260 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$39,056

2023 Value

5.63%

1 Year Growth

In 2023 Musicians Institute had an average net price — the price paid after factoring in grants and loans — of $39,056. Between 2022 and 2023, the average net price of Musicians Institute grew by 5.63%.

This chart compares the average net price of Musicians Institute (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.

Other Student Expenses

$12,438

Room and Board

$1,746

Books and Supplies

The average yearly cost of room and board at Musicians Institute was of $12,438 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,746. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Musicians Institute (in red) with that of similar universities.

Financial Aid by Income Level

34%

Undergraduates Receiving Financial Aid through Grants

22%

Undergraduates Receiving Financial Aid through Loans

34% of undergraduate students at Musicians Institute received financial aid through grants or loans in 2023. This represents a decline of 8.11% with respect to 2022, when 37% of undergraduate students received financial aid.

This chart compares the average award discount at Musicians Institute (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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Musicians Institute was 0%, which represents 0 out of the 328 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.

Admissions

Musicians Institute received 425 undergraduate applications in 2023, which represents a 22.1% annual growth. Out of those 425 applicants, 303 students were accepted for enrollment, representing a 71.3% acceptance rate.

There were 812 students enrolled at Musicians Institute in 2023.

Musicians Institute has an overall enrollment yield of 46.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

71.3%

Acceptance Rate in 2023

303

Accepted Out of 425

In 2023, the undergraduate acceptance rate of Musicians Institute was 71.3% (303 admissions from 425 applications). This is lower than the acceptance rate of 2022, which was 78.4%. Between 2022 and 2023, the number of applicants grew by 22.1%, while admissions grew by 11%.

This chart compares the acceptance rate of Musicians Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

0% of enrolled first-time students at Musicians Institute in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Musicians Institute had a total enrollment of 812 students in 2023. The full-time enrollment at Musicians Institute is 581 students and the part-time enrollment is 231. This means that 71.6% of students enrolled at Musicians Institute are enrolled full-time.

The enrolled student population at Musicians Institute, both undergraduate and graduate, is 20.4% White, 8.99% Asian, 8.25% Hispanic or Latino, 6.4% Black or African American, 4.68% Two or More Races, 0.739% American Indian or Alaska Native, and 0.493% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Musicians Institute in full-time Undergraduate programs are most commonly White Male (16.3%), followed by Hispanic or Latino Male (7.14%) and Asian Male (6.08%). Students enrolled in full-time Graduate programs are most commonly Asian Male (18.3%), followed by Asian Female (13.3%) and White Male (5%).

Full-Time vs Part-Time Enrollment

71.6%

Full-Time Enrollment

The total enrollment at Musicians Institute in 2023, both undergraduate and graduate, is 812 students. The full-time enrollment at Musicians Institute is 581 and the part-time enrollment is 231. This means that 71.6% of students enrolled at Musicians Institute are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

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

Retention Rate over Time

71%

2023 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 Musicians Institute was 71%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Musicians Institute had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
166 enrolled students
Asian
73 enrolled students
Hispanic or Latino
67 enrolled students

The enrolled student population at Musicians Institute is 20.4% White, 8.99% Asian, 8.25% Hispanic or Latino, 6.4% Black or African American, 4.68% Two or More Races, 0.739% American Indian or Alaska Native, and 0.493% 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 Special Focus Institutions is 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 61 students (7.51%) did not report their race.

Graduates

In 2023, 167 fewer women than men received degrees from Musicians Institute. The most common race/ethnicity group of degree recipients at Musicians Institute is white (84 degrees awarded). There were 2.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (30 degrees).

The most common Bachelor's Degree concentration at Musicians Institute is General Music Performance (43 degrees awarded), followed by Music Theory & Composition (13 degrees) and Other Music (8 degrees).

In 2023, the most specialized majors across all degree types at Musicians Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (59 degrees awarded), Visual & Performing Arts (214 degrees), and Mechanical Technologies (30 degrees).

Common Jobs by Major

Graphic designers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Musicians Institute are Graphic designers (98,195 people), Other managers (84,934 people), Elementary & middle school teachers (77,623 people), Other designers (60,420 people), and Postsecondary teachers (57,781 people).

The most specialized majors at Musicians Institute in 2023 are Communication Technologies (59 degrees awarded), Visual & Performing Arts (214 degrees), and Mechanical Technologies (30 degrees) (as of 2023).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Musicians Institute are Physicians, Surgeons, Magnetic resonance imaging technologists, Economists, and Securities, commodities, & financial services sales agents

The most specialized majors at Musicians Institute are Communication Technologies (59 degrees awarded), Visual & Performing Arts (214 degrees), and Mechanical Technologies (30 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Musicians Institute are Elementary & secondary schools (178,623 people), Colleges, universities & professional schools, including junior colleges (123,779 people), Computer Systems Design (78,158 people), Specialized design services (59,722 people), and Motion pictures & video industries (51,336 people).

The most specialized majors at Musicians Institute are Communication Technologies (59 degrees awarded), Visual & Performing Arts (214 degrees), and Mechanical Technologies (30 degrees) (as of 2023).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Musicians Institute.

Most Common (2023)

General Music Performance
42 degrees awarded
Recording Arts Technology
26 degrees awarded
Musical Instrument Fabrication & Repair
13 degrees awarded

In 2023, the most common N/A concentration at Musicians Institute was General Music Performance with 42 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at Musicians Institute according to their major.

Sex Breakdown for Common Majors

235

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 235 degrees were awarded to men at Musicians Institute, which is 3.46 times more than the number of degrees awarded to females (68).

This chart displays the sex disparity between the top 5 majors at Musicians Institute by degrees awarded.

Most Common Male Majors

In 2023, 129 degrees were awarded to men at Musicians Institute in General Music Performance, which is 2.87 times more than the 45 female recipients with that same degree.

Most Common Female Majors

In 2023, 45 degrees were awarded to men at Musicians Institute in General Music Performance, which is 0.349 times less than the 129 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

58%

150% Completion Time

In 2023, 53% of students graduating from Musicians Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 63% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Musicians Institute is Female and Asian (100% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
84 degrees awarded
Hispanic or Latino
30 degrees awarded
Asian
22 degrees awarded

The most common race/ethnicity at Musicians Institute is white (84 degrees awarded). There were 2.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (30 degrees).

5.61% of degree recipients (17 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
73 degrees awarded
Hispanic or Latino Male
28 degrees awarded
Asian Male
17 degrees awarded

The most common race/ethnicity and sex grouping at Musicians Institute is white male (73 degrees awarded). There were 2.61 times more white male recipients than the next closest race/ethnicity group, hispanic or latino male (28 degrees).

Operations

Musicians Institute employs 41 Instructors. Most academics at Musicians Institute are Male Instructor (38), and Female Instructor (3).

The most common positions for non-instructional staff at Musicians Institute are: Management, with 23 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 18 employees, and Business and Financial Operations with 8 employees.

Salary Expenditure

$9.04M

2023 Salaries

8.64%

growth from 2022

In 2023, Musicians Institute paid a median of $9.04M in salaries, a 8.64% growth from the previous year. This is compared to a 8.64% growth between 2021 and 2022, and a 27.8% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$1.55M

Instructional Salaries

Number of Employees

In 2023, Musicians Institute paid a total of $1.55M to 41 employees working as instructors, which represents 17.2% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Instructor

Most Common Instructor

41 Employees

Management

Most Common Non-Instructional Employee

23 Employees

In 2023, the most common positions for instructional staff at Musicians Institute was Instructor with 41 employees.

In 2023, the most common positions for non-instructional staff at Musicians Institute were Management with 23 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees, and Business and Financial Operations with 8 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Instructor
Female Instructor

In 2023, the most common demographic for instructional staff at Musicians Institute was Male Instructor with 38 employees, and Female Instructor with 3 employees.

This chart shows the sex split between each academic rank present at Musicians Institute.

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