Massachusetts Institute of Technology

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2019 Undergraduate Tuition
$53,450
3.75% growth from 2018
2019 Average Net Price
$20,465
After Financial Aid
2017 Student Loan
1.16%
Default Rate
2019 Acceptance Rate
6.7%
21,312 Applicants
2019 Enrolled Students
11,520
98.6% Full-Time
2018 Graduation Rate
94.2%
1,065 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 (408 degrees awarded), Mechanical Engineering (185 degrees), and General Mathematics (111 degrees).

In 2019, 3,870 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 38.4% of these degrees were awarded to women, and 61.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,216 degrees), 1.72 times more than then the next closest race/ethnicity group, asian (705 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $53,450, which is $24,950 more than the national average for Doctoral Universities ($28,500).

Costs

The median undergraduate tuition at Massachusetts Institute of Technology is $53,450, which is $24,950 more than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $20,465.

In 2019, 65% of undergraduate students received federal grants, while 9% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$53,450
2019 Undergraduate Tuition

In 2019, the cost of tuition at Massachusetts Institute of Technology was $53,450. The cost of tuition at Massachusetts Institute of Technology is $24,950 more than than the overall (public and private) national average for Doctoral Universities ($28,500).

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

$20,465
2019 Value
7.88%
1 Year Growth

In 2019 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $20,465. Between 2018 and 2019, the average net price of Massachusetts Institute of Technology grew by 7.88%.

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

$15,510
Room and Board
$800
Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $15,510 in 2019. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 5.37% between 2018 and 2019. The cost of books and supplies decreased by 20% during the same period.

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Financial Aid

Financial Aid by Income Level

65%
Of Undergraduates Receive Grants
9%
Of Undergraduates Receive Federal Loans

65% of undergraduate students at Massachusetts Institute of Technology received grants or loans in 2019. This represents a growth of 1.56% with respect to 2018, when 64% 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.
1.16%
2017 Default Rate
6
Number of Defaults

In 2017 the default rate for borrower's at Massachusetts Institute of Technology was 1.16%, which represents 6 out of the 517 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 21,312 undergraduate applications in 2019, which represents a 1.82% annual decline. Out of those 21,312 applicants, 1,427 students were accepted for enrollment, representing a 6.7% acceptance rate.

There were 11,520 students enrolled at Massachusetts Institute of Technology in 2019, and 77% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 77.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

6.7%
Acceptance Rate in 2019
1,427
Accepted Out of 21,312

In 2019, the undergraduate acceptance rate of Massachusetts Institute of Technology was 6.7% (1,427 admissions from 21,312 applications). This is lower than the acceptance rate of 2018, which was 6.74%. Between 2018 and 2019, the number of applicants declined by −1.82%, while admissions declined by −2.53%.

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

77%
Submission Percentage
845
Scores Submitted

77% of enrolled first-time students at Massachusetts Institute of Technology in 2019 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 11,520 students. The full-time enrollment at Massachusetts Institute of Technology is 11,363 students and the part-time enrollment is 157. This means that 98.6% 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 30% White, 18.6% Asian, 9.39% Hispanic or Latino, 4.7% Two or More Races, 3.68% Black or African American, 0.156% American Indian or Alaska Native, and 0.026% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are most commonly Asian Female (17.7%), followed by White Male (15.5%) and White Female (13.3%). Students enrolled in full-time Graduate programs are most commonly White Male (18.7%), followed by White Female (11.8%) and Asian Male (6.3%).

Full-Time vs Part-Time Enrollment

98.6%
Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology, both undergraduate and graduate, is 11,520 students. The full-time enrollment at Massachusetts Institute of Technology is 11,363 and the part-time enrollment is 157. This means that 98.6% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 77.6% 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%
2019 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
    3,459
  2. Asian
    2,141
  3. Hispanic or Latino
    1,082

The enrolled student population at Massachusetts Institute of Technology is 30% White, 18.6% Asian, 9.39% Hispanic or Latino, 4.7% Two or More Races, 3.68% Black or African American, 0.156% American Indian or Alaska Native, and 0.026% 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 50.3% White, 14.3% Hispanic or Latino, and 9.48% 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, 465 students (4.04%) did not report their race.

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Graduates

In 2019, 900 fewer women than men received degrees from Massachusetts Institute of Technology. The most common race/ethnicity group of degree recipients at Massachusetts Institute of Technology is white (1,216 degrees awarded). There were 1.72 times more white graduates than the next closest race/ethnicity group, asian (705 degrees).

The most common Bachelor's Degree concentration at Massachusetts Institute of Technology is Computer Science (408 degrees awarded), followed by Mechanical Engineering (185 degrees) and General Mathematics (111 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 (193 degrees awarded), Engineering (1,350 degrees), and Math & Statistics (260 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 (1,002,657 people), Other managers (451,177 people), Miscellaneous engineers, including nuclear engineers (376,176 people), Civil engineers (284,083 people), and Postsecondary teachers (220,253 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (193 degrees awarded), Engineering (1,350 degrees), Math & Statistics (260 degrees), Physical Sciences (238 degrees), and Computer and Information Sciences and Support Services (708 degrees).

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Highest Paying Jobs by Major

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 are Surgeons, Other financial specialists, Securities, commodities, & financial services sales agents, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (193 degrees awarded), Engineering (1,350 degrees), Math & Statistics (260 degrees), Physical Sciences (238 degrees), and Computer and Information Sciences and Support Services (708 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 (1,026,045 people), Architectural, engineering & related services (609,334 people), Colleges, universities & professional schools, including junior colleges (428,972 people), Construction (349,625 people), and Elementary & secondary schools (262,848 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (193 degrees awarded), Engineering (1,350 degrees), Math & Statistics (260 degrees), Physical Sciences (238 degrees), and Computer and Information Sciences and Support Services (708 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. 408 degree-majorss awarded
  2. 185 degree-majorss awarded
  3. 111 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Massachusetts Institute of Technology was Computer Science with 408 degrees 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

2,385
Degrees Awarded to Men
in 2019
1,485
Degrees Awarded to Women
in 2019

In 2019, 2,385 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.61 times more than the number of degrees awarded to females (1,485).

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 2019, 452 degrees were awarded to men at Massachusetts Institute of Technology in Computer Science, which is 1.91 times more than the 237 female recipients with that same degree.

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Most Common Female Majors

In 2019, 258 degrees were awarded to women at Massachusetts Institute of Technology in General Business, which is 0.607 times less than the 425 male recipients with that same degree.

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Time to Complete

85%
100% Completion Time
94%
150% Completion Time

In 2019, 85% 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, 94% completed their degrees within 150% of the normal time, and 95% 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.
Asian Female
Highest Graduation Rate (97.3%)

The student demographic with the highest graduation rate at Massachusetts Institute of Technology is Female and Asian (97.3% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

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, 2.07% of graduates (22 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,216 degrees awarded
  2. Asian
    705 degrees awarded
  3. Hispanic or Latino
    304 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (1,216 degrees awarded). There were 1.72 times more white recipients than the next closest race/ethnicity group, asian (705 degrees).

3.28% of degree recipients (127 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    727 degrees awarded
  2. White Female
    489 degrees awarded
  3. Asian Male
    360 degrees awarded

The most common race/ethnicity and gender grouping at Massachusetts Institute of Technology is white male (727 degrees awarded). There were 1.49 times more white male recipients than the next closest race/ethnicity group, white female (489 degrees).

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Operations

Massachusetts Institute of Technology has an endowment valued at nearly $17.4B, as of the end of the 2019 fiscal year. The return on its endowment was of $1.97B (11.3%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, Massachusetts Institute of Technology had a total salary expenditure of $3.84B. Massachusetts Institute of Technology employs 650 Professors, 224 Associate professors, and 178 Lecturers. Most academics at Massachusetts Institute of Technology are Male Professors (524), Male Associate professors(156), and Female Professors (126).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4508 employees, Office and Administrative Support, with 1490 employees, and Business and Financial Operations with 1451 employees.

Finances

Endowment

$17.4B
2019 Endowment
6.36%
growth from 2018

Massachusetts Institute of Technology has an endowment valued at about $17.4B, as of the end of the 2019 fiscal year. The endowment of Massachusetts Institute of Technology grew 6.36% from the previous year. The value of their endowment was $17.1B 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. $1.49B - Federal
  2. $21.1M - State
  3. $0 - Local

As of 2019, Massachusetts Institute of Technology received $1.49B in grants and contracts from the federal government, $21.1M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$1.53B
2019 Salaries
3.82%
growth from 2018

In 2019, Massachusetts Institute of Technology paid a median of $1.53B in salaries, which represents 39.7% of their overall expenditure ($3.84B) and a 3.82% growth from the previous year. This is compared to a 3.99% growth from 2017 and a 5.99% growth from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

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Instructional Salaries

$250M
Instructional Salaries
1,372
Number of Employees

In 2019, Massachusetts Institute of Technology paid a total of $250M to 1,372 employees working as instructors, which represents 16.4% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
650 Employees
Research
Most Common Non-Instructional Employee
4508 Employees

In 2019, the most common positions for instructional staff at Massachusetts Institute of Technology were Professor with 650 employees; Associate professor with 224 employees; and Associate professor with 178 employees.

In 2019, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,508 employees; Office and Administrative Support with 1,490 employees; and Business and Financial Operations with 1,451 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 2019, the most common demographic for instructional staff at Massachusetts Institute of Technology was Male Professor with 524 employees, Male Associate professor with 156 employees, and Female Professor with 126 employees.

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

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