Massachusetts Institute of Technology (166683)

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2023 Undergraduate Tuition
$59,750
3.75% growth from 2022
2023 Average Net Price
$21,519
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
4.74%
26,904 Applicants
2023 Enrolled Students
11,920
98.2% Full-Time
2023 Graduation Rate
96.1%
1,055 Graduates

About

Massachusetts Institute of Technology (166683) is a higher education institution located in Middlesex County, MA. In 2023, the most popular Masters Degree concentrations at Massachusetts Institute of Technology (166683) were Management Science (716 degrees awarded), Computer Science (265 degrees), and Systems Engineering (178 degrees).

In 2023, 4,134 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology (166683). 40.7% of these degrees were awarded to women, and 59.3% awarded men. The most common race/ethnicity group of degree recipients was white (1,066 degrees), 1.26 times more than then the next closest race/ethnicity group, asian (846 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology (166683) is $59,750, which is $28,747 more than the national average for Doctoral Universities ($31,004).

In 2021 the default rate for borrower's at Massachusetts Institute of Technology (166683) was 0%, corresponding to 0 out of the 403 total borrowers.

Photo by Justin Jensen
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Costs

In 2023, the median undergraduate tuition at Massachusetts Institute of Technology (166683) is $59,750, which is $28,747 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $21,519.

In 2023, 64% of undergraduate students attending Massachusetts Institute of Technology (166683) received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Tuition Costs

$59,750
2023 Undergraduate Tuition

In 2023, the cost of tuition at Massachusetts Institute of Technology (166683) was $59,750. The cost of tuition at Massachusetts Institute of Technology (166683) is $28,747 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

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Average Net Price

$21,519
2023 Value
6.36%
1 Year Growth

In 2023 Massachusetts Institute of Technology (166683) had an average net price — the price paid after factoring in grants and loans — of $21,519. Between 2022 and 2023, the average net price of Massachusetts Institute of Technology (166683) grew by 6.36%.

This chart compares the average net price of Massachusetts Institute of Technology (166683) (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

$18,790
Room and Board
$850
Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology (166683) was of $18,790 in 2023. The cost of room and board increased by 3.81% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies increased by 1.19% during the same period.

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Financial Aid by Income Level

64%
Undergraduates Receiving Financial Aid through Grants
7%
Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Massachusetts Institute of Technology (166683) received financial aid through grants or loans in 2023. This represents a decline of 16.9% with respect to 2022, when 77% of undergraduate students received financial aid.

This chart compares the average award discount at Massachusetts Institute of Technology (166683) (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%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Massachusetts Institute of Technology (166683) was 0%, which represents 0 out of the 403 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 (166683) received 26,904 undergraduate applications in 2023, which represents a 20.3% annual growth. Out of those 26,904 applicants, 1,274 students were accepted for enrollment, representing a 4.74% acceptance rate.

There were 11,920 students enrolled at Massachusetts Institute of Technology (166683) in 2023. 83% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology (166683) has an overall enrollment yield of 85.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.74%
Acceptance Rate in 2023
1,274
Accepted Out of 26,904

In 2023, the undergraduate acceptance rate of Massachusetts Institute of Technology (166683) was 4.74% (1,274 admissions from 26,904 applications). This is higher than the acceptance rate of 2022, which was 3.96%. Between 2022 and 2023, the number of applicants declined by 20.3%, while admissions declined by 4.71%.

This chart compares the acceptance rate of Massachusetts Institute of Technology (166683) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

83%
Submission Percentage (2023)
903
Scores Submitted (2023)

83% of enrolled first-time students at Massachusetts Institute of Technology (166683) in 2023 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.

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Enrollment

Massachusetts Institute of Technology (166683) had a total enrollment of 11,920 students in 2023. The full-time enrollment at Massachusetts Institute of Technology (166683) is 11,706 students and the part-time enrollment is 214. This means that 98.2% of students enrolled at Massachusetts Institute of Technology (166683) are enrolled full-time.

The enrolled student population at Massachusetts Institute of Technology (166683), both undergraduate and graduate, is 23.4% White, 21% Asian, 9.63% Hispanic or Latino, 7.04% Two or More Races, 5.08% Black or African American, 0.0755% American Indian or Alaska Native, and 0.0252% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology (166683) in full-time Undergraduate programs are most commonly Asian Female (20.5%), followed by Asian Male (13.7%) and White Male (10.8%). Students enrolled in full-time Graduate programs are most commonly White Male (15.2%), followed by White Female (10.8%) and Asian Male (6.53%).

Full-Time vs Part-Time Enrollment

98.2%
Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology (166683) in 2023, both undergraduate and graduate, is 11,920 students. The full-time enrollment at Massachusetts Institute of Technology (166683) is 11,706 and the part-time enrollment is 214. This means that 98.2% of students enrolled at Massachusetts Institute of Technology (166683) are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Massachusetts Institute of Technology (166683) (in red) compares to similar universities.

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Retention Rate over Time

99%
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 Massachusetts Institute of Technology (166683) was 99%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Massachusetts Institute of Technology (166683) had a retention rate higher than its peers.

This chart shows the retention rate over time at Massachusetts Institute of Technology (166683) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    2,794 enrolled students
  2. Asian
    2,501 enrolled students
  3. Hispanic or Latino
    1,148 enrolled students

The enrolled student population at Massachusetts Institute of Technology (166683) is 23.4% White, 21% Asian, 9.63% Hispanic or Latino, 7.04% Two or More Races, 5.08% Black or African American, 0.0755% American Indian or Alaska Native, and 0.0252% 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 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 515 students (4.32%) did not report their race.

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Graduates

In 2023, 766 fewer women than men received degrees from Massachusetts Institute of Technology (166683). The most common race/ethnicity group of degree recipients at Massachusetts Institute of Technology (166683) is white (1,066 degrees awarded). There were 1.26 times more white recipients than the next closest race/ethnicity group, asian (846 degrees).

The most common Masters Degree concentration at Massachusetts Institute of Technology (166683) is Management Science (716 degrees awarded), followed by Computer Science (265 degrees) and Systems Engineering (178 degrees).

In 2023,  the most specialized majors across all degree types at Massachusetts Institute of Technology (166683), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (192 degrees awarded), Engineering (1,305 degrees), and Math & Statistics (307 degrees).

Common Jobs by Major

Software developers
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 (166683) are Software developers (1,120,768 people), Other managers (487,986 people), Miscellaneous engineers, including nuclear engineers (415,298 people), Civil engineers (313,034 people), and Postsecondary teachers (226,803 people).

The most specialized majors at Massachusetts Institute of Technology (166683) in 2023 are Architecture and Related Services (192 degrees awarded), Engineering (1,305 degrees), Math & Statistics (307 degrees), Physical Sciences (242 degrees), and Computer and Information Sciences and Support Services (749 degrees) (as of 2023).

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Highest Paying Jobs by Major

Surgeons
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Massachusetts Institute of Technology (166683) are Surgeons, Podiatrists, Magnetic resonance imaging technologists, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Massachusetts Institute of Technology (166683) are Architecture and Related Services (192 degrees awarded), Engineering (1,305 degrees), Math & Statistics (307 degrees), Physical Sciences (242 degrees), and Computer and Information Sciences and Support Services (749 degrees) (as of 2023).

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Common Industries by Major

Computer Systems Design
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 (166683) are Computer Systems Design (1,140,083 people), uninformed (883,045 people), Architectural, engineering & related services (646,032 people), Colleges, universities & professional schools, including junior colleges (450,334 people), and Construction (387,929 people).

The most specialized majors at Massachusetts Institute of Technology (166683) are Architecture and Related Services (192 degrees awarded), Engineering (1,305 degrees), Math & Statistics (307 degrees), Physical Sciences (242 degrees), and Computer and Information Sciences and Support Services (749 degrees) (as of 2023).

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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 (166683).
Most Common (2023)
  1. Management Science
    716 degrees awarded
  2. Computer Science
    265 degrees awarded
  3. Systems Engineering
    178 degrees awarded

In 2023, the most common masters degree concentration at Massachusetts Institute of Technology (166683) was Management Science with 716 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at Massachusetts Institute of Technology (166683) according to their major.

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Sex Breakdown for Common Majors

2,450
Degrees Awarded to Men
in 2023
1,684
Degrees Awarded to Women
in 2023

In 2023, 2,450 degrees were awarded to men at Massachusetts Institute of Technology (166683), which is 1.45 times more than the number of degrees awarded to females (1,684).

This chart displays the sex disparity between the top 5 majors at Massachusetts Institute of Technology (166683) by degrees awarded.

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Most Common Male Majors

In 2023, 467 degrees were awarded to men at Massachusetts Institute of Technology (166683) in Computer Science, which is 1.83 times more than the 255 female recipients with that same degree.

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Most Common Female Majors

In 2023, 303 degrees were awarded to men at Massachusetts Institute of Technology (166683) in Management Science, which is 0.686 times less than the 442 male recipients with that same degree.

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Time to Complete

88%
100% Completion Time
96%
150% Completion Time

In 2023, 88% of students graduating from Massachusetts Institute of Technology (166683) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 97% 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Massachusetts Institute of Technology (166683) is Female and Two or More Races (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (74.3%).

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, 3.41% of graduates (36 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    1,066 degrees awarded
  2. Asian
    846 degrees awarded
  3. Hispanic or Latino
    366 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology (166683) is white (1,066 degrees awarded). There were 1.26 times more white recipients than the next closest race/ethnicity group, asian (846 degrees).

3.27% of degree recipients (135 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    636 degrees awarded
  2. Asian Female
    442 degrees awarded
  3. White Female
    430 degrees awarded

The most common race/ethnicity and sex grouping at Massachusetts Institute of Technology (166683) is white male (636 degrees awarded). There were 1.44 times more white male recipients than the next closest race/ethnicity group, asian female (442 degrees).

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Operations

Massachusetts Institute of Technology (166683) has an endowment valued at nearly $23.5B, as of the end of the 2023 fiscal year. The return on its endowment was of −283M (−1.21%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Massachusetts Institute of Technology (166683) had a total salary expenditure of 4.34B. Massachusetts Institute of Technology (166683) employs 684 Professors, 214 Associate professors and 203 Lecturers. Most academics at Massachusetts Institute of Technology (166683) are Male Professor (537), Male Associate professor (148), and Female Professor (147).

The most common positions for non-instructional staff at Massachusetts Institute of Technology (166683) are: Research, with 4,825 employees, Business and Financial Operations, with 1,665 employees, and Computer, Engineering, and Science with 1,403 employees.

Endowment

$23.5B
2023 Endowment
4.66%
decline from 2022

Massachusetts Institute of Technology (166683) has an endowment valued at about $23.5B, as of the end of the 2023 fiscal year. The endowment of Massachusetts Institute of Technology (166683) declined 4.66% from the previous year. The value of their endowment was $23B 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 (166683) (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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Salary Expenditure

$1.84B
2023 Salaries
8.17%
growth from 2022

In 2023, Massachusetts Institute of Technology (166683) paid a median of $1.84B in salaries, which represents 42.4% of their overall expenditure ($4.34B) and a 8.17% growth from the previous year. This is compared to a 5.17% growth between 2021 and 2022, and a 1.53% growth between 2020 and 2021.

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Instructional Salaries

$299M
Instructional Salaries
1,391
Number of Employees

In 2023, Massachusetts Institute of Technology (166683) paid a total of $299M to 1,391 employees working as instructors, which represents 16.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

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Occupations by Share

Professor
Most Common Instructor
684 Employees
Research
Most Common Non-Instructional Employee
4,825 Employees

In 2023, the most common positions for instructional staff at Massachusetts Institute of Technology (166683) were Professor with 684 employees, Associate professor with 214 employees, and Lecturer with 203 employees.

In 2023, the most common positions for non-instructional staff at Massachusetts Institute of Technology (166683) were Research with 4,825 employees, Business and Financial Operations with 1,665 employees, and Computer, Engineering, and Science with 1,403 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Professor
  2. Male Associate professor
  3. Female Professor

In 2023, the most common demographic for instructional staff at Massachusetts Institute of Technology (166683) was Male Professor with 537 employees, Male Associate professor with 148 employees, and Female Professor with 147 employees.

This chart shows the sex split between each academic rank present at Massachusetts Institute of Technology (166683).

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