Midwestern Baptist Theological Seminary

https://www.mbts.edu

2024 Undergraduate Tuition

$10,410

3.89% growth from 2023

2024 Average Net Price

$23,750

After Financial Aid

2023 Default Rate

0.382%

on Student Loans

2024 Acceptance Rate

96.4%

139 Applicants

2024 Enrolled Students

3,945

53.9% Full-Time

2024 Graduation Rate

63.6%

14 Graduates

Costs

In 2024, the median undergraduate tuition at Midwestern Baptist Theological Seminary is $10,410, which is $4,487 less than the national average for Special Focus Institutions ($14,897).

After taking grants and loans into account, the average net price for students is $23,750.

In 2024, 39% of undergraduate students attending Midwestern Baptist Theological Seminary received financial aid through grants. Comparatively, 24% of undergraduate students received financial aid through loans.

Tuition Costs

$10,410

2024 Undergraduate Tuition

In 2024, the cost of tuition at Midwestern Baptist Theological Seminary was $10,410. The cost of tuition at Midwestern Baptist Theological Seminary is $−4,487 less than than the overall (public and private) national average for Special Focus Institutions ($14,897).

This chart compares the tuition costs of Midwestern Baptist Theological Seminary (in red) with those of other similar universities.

Average Net Price

$23,750

2024 Value

6.42%

1 Year Growth

In 2024 Midwestern Baptist Theological Seminary had an average net price — the price paid after factoring in grants and loans — of $23,750. Between 2023 and 2024, the average net price of Midwestern Baptist Theological Seminary grew by 6.42%.

This chart compares the average net price of Midwestern Baptist Theological Seminary (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

$12,575

Room and Board

$1,004

Books and Supplies

The average yearly cost of room and board at Midwestern Baptist Theological Seminary was of $12,575 in 2024. The cost of room and board decreased by 14.1% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,004. The cost of books and supplies decreased by 19.6% during the same period.

This chart compares the average student costs at Midwestern Baptist Theological Seminary (in red) with that of similar universities.

Financial Aid by Income Level

39%

Undergraduates Receiving Financial Aid through Grants

24%

Undergraduates Receiving Financial Aid through Loans

39% of undergraduate students at Midwestern Baptist Theological Seminary received financial aid through grants or loans in 2024. This represents a decline of 2.5% with respect to 2023, when 40% of undergraduate students received financial aid.

This chart compares the average award discount at Midwestern Baptist Theological Seminary (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.

0.382%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Midwestern Baptist Theological Seminary was 0.382%, which represents 1 out of the 262 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.

Enrollment

Midwestern Baptist Theological Seminary had a total enrollment of 3,945 students in 2024. The full-time enrollment at Midwestern Baptist Theological Seminary is 2,125 students and the part-time enrollment is 1,820. This means that 53.9% of students enrolled at Midwestern Baptist Theological Seminary are enrolled full-time.

The enrolled student population at Midwestern Baptist Theological Seminary, both undergraduate and graduate, is 59.2% White, 14.6% Asian, 8.34% Hispanic or Latino, 2.84% Black or African American, 1.47% Two or More Races, 0.659% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Midwestern Baptist Theological Seminary in full-time Undergraduate programs are most commonly White Male (49%), followed by White Female (28.2%) and Hispanic or Latino Male (4.04%). Students enrolled in full-time Graduate programs are most commonly White Male (44.6%), followed by Asian Male (10.7%) and Hispanic or Latino Male (5.84%).

Full-Time vs Part-Time Enrollment

53.9%

Full-Time Enrollment

The total enrollment at Midwestern Baptist Theological Seminary in 2024, both undergraduate and graduate, is 3,945 students. The full-time enrollment at Midwestern Baptist Theological Seminary is 2,125 and the part-time enrollment is 1,820. This means that 53.9% of students enrolled at Midwestern Baptist Theological Seminary are enrolled full-time compared with 74.1% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Midwestern Baptist Theological Seminary (in red) compares to similar universities.

Retention Rate over Time

81%

2024 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 Midwestern Baptist Theological Seminary was 81%. Compared with the full-time retention rate at similar Special Focus Institutions (76%), Midwestern Baptist Theological Seminary had a retention rate higher than its peers.

This chart shows the retention rate over time at Midwestern Baptist Theological Seminary (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
2,335 enrolled students
Asian
576 enrolled students
Hispanic or Latino
329 enrolled students

The enrolled student population at Midwestern Baptist Theological Seminary is 59.2% White, 14.6% Asian, 8.34% Hispanic or Latino, 2.84% Black or African American, 1.47% Two or More Races, 0.659% American Indian or Alaska Native, and 0.101% 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 39.9% White, 19.4% Hispanic or Latino, and 17% 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, 422 students (10.7%) did not report their race.

Graduates

In 2024, 446 fewer women than men received degrees from Midwestern Baptist Theological Seminary. The most common race/ethnicity group of degree recipients at Midwestern Baptist Theological Seminary is white (458 degrees awarded). There were 12.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (36 degrees).

The most common Masters Degree concentration at Midwestern Baptist Theological Seminary is Theological Studies (238 degrees awarded), followed by Divinity & Ministry (147 degrees) and Pastoral Studies & Counseling (28 degrees).

In 2024, the most specialized majors across all degree types at Midwestern Baptist Theological Seminary, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (658 degrees awarded), Philosophy and Religious Studies (2 degrees), and Interdisciplinary Studies (10 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Midwestern Baptist Theological Seminary are Elementary & middle school teachers (1,552,044 people), Secondary school teachers (520,971 people), Education administrators (280,575 people), Special education teachers (205,750 people), and Preschool & kindergarten teachers (185,769 people).

The most specialized majors at Midwestern Baptist Theological Seminary in 2024 are Theology (658 degrees awarded), Philosophy and Religious Studies (2 degrees), Interdisciplinary Studies (10 degrees), History (1 degrees), and Education (9 degrees) (as of 2024).

Highest Paying Jobs by Major

Magnetic resonance imaging technologists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Midwestern Baptist Theological Seminary are Magnetic resonance imaging technologists, Surgeons, Diagnostic medical sonographers, Cardiovascular technologists and technicians, and Economists

The most specialized majors at Midwestern Baptist Theological Seminary are Theology (658 degrees awarded), Philosophy and Religious Studies (2 degrees), Interdisciplinary Studies (10 degrees), History (1 degrees), and Education (9 degrees) (as of 2024).

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 Midwestern Baptist Theological Seminary are Elementary & secondary schools (2,872,251 people), Colleges, universities & professional schools, including junior colleges (341,168 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (226,547 people), Religious organizations (167,709 people), and Computer Systems Design (133,827 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Midwestern Baptist Theological Seminary.

Most Common (2024)

Biblical Studies
4 degrees awarded
Divinity & Ministry
3 degrees awarded

In 2024, the most common associates degree concentration at Midwestern Baptist Theological Seminary was Biblical Studies with 4 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Midwestern Baptist Theological Seminary according to their major.

Sex Breakdown for Common Majors

567

Degrees Awarded to Men

in 2024

121

Degrees Awarded to Women

in 2024

In 2024, 567 degrees were awarded to men at Midwestern Baptist Theological Seminary, which is 4.69 times more than the number of degrees awarded to females (121).

This chart displays the sex disparity between the top 5 majors at Midwestern Baptist Theological Seminary by degrees awarded.

Most Common Male Majors

In 2024, 214 degrees were awarded to men at Midwestern Baptist Theological Seminary in Theological Studies, which is 7.13 times more than the 30 female recipients with that same degree.

Most Common Female Majors

In 2024, 30 degrees were awarded to men at Midwestern Baptist Theological Seminary in Theological Studies, which is 0.14 times less than the 214 male recipients with that same degree.

Time to Complete

18%

100% Completion Time

36%

150% Completion Time

In 2024, 18% of students graduating from Midwestern Baptist Theological Seminary completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 36% completed their degrees within 150% of the normal time, and 36% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
458 degrees awarded
Hispanic or Latino
36 degrees awarded
Asian
35 degrees awarded

The most common race/ethnicity at Midwestern Baptist Theological Seminary is white (458 degrees awarded). There were 12.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (36 degrees).

9.3% of degree recipients (64 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Male
381 degrees awarded
White Male
378 degrees awarded
White Male
349 degrees awarded

The most common race/ethnicity and sex grouping at Midwestern Baptist Theological Seminary is white male (381 degrees awarded). There were 1.01 times more white male recipients than the next closest race/ethnicity group, white male (378 degrees).

Operations

Midwestern Baptist Theological Seminary has an endowment valued at nearly $38.3M, as of the end of the 2024 fiscal year. The return on its endowment was of 4.11M (10.7%) compared to the 2.96% average return (416k on 14.1M) across all Special Focus Institutions.

In 2024, Midwestern Baptist Theological Seminary had a total salary expenditure of 26.6M. Midwestern Baptist Theological Seminary employs 24 Assistant professors, 16 Professors and 8 Associate professors. Most academics at Midwestern Baptist Theological Seminary are Male Assistant professor (21), Male Professor (16), and Male Associate professor (7).

The most common positions for non-instructional staff at Midwestern Baptist Theological Seminary are: Management, with 23 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 21 employees, and Office and Administrative Support with 20 employees.

Endowment

$38.3M

2024 Endowment

25.3%

growth from 2023

Midwestern Baptist Theological Seminary has an endowment valued at about $38.3M, as of the end of the 2024 fiscal year. The endowment of Midwestern Baptist Theological Seminary grew 25.3% from the previous year. The value of their endowment was $24.2M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Midwestern Baptist Theological Seminary (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Faith-Related Institutions Carnegie Classification grouping.

Salary Expenditure

$12.6M

2024 Salaries

4.42%

growth from 2023

In 2024, Midwestern Baptist Theological Seminary paid a median of $12.6M in salaries, which represents 47.3% of their overall expenditure ($26.6M) and a 4.42% growth from the previous year. This is compared to a 10.6% growth between 2022 and 2023, and a 4.48% growth between 2021 and 2022.

Instructional Salaries

$4.38M

Instructional Salaries

Number of Employees

In 2024, Midwestern Baptist Theological Seminary paid a total of $4.38M to 48 employees working as instructors, which represents 34.8% of all salaries paid.

This is compared to a median of $213k (6.38%) for similar Special Focus Institutions.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Midwestern Baptist Theological Seminary were Management with 23 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 21 employees, and Office and Administrative Support with 20 employees.

Midwestern Baptist Theological Seminary

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Midwestern Baptist Theological Seminary

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About

Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Student Loan Default Rate

Admissions

Acceptance Rate

SAT Scores

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Salary Expenditure

Instructional Salaries

Occupations by Share

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