Massachusetts Institute of Technology

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2024 Undergraduate Tuition

$61,990

3.75% growth from 2023

2024 Average Net Price

$20,996

After Financial Aid

2024 Acceptance Rate

4.55%

28,232 Applicants

2024 Enrolled Students

11,886

98.3% Full-Time

2024 Graduation Rate

96.4%

1,073 Graduates

About

Massachusetts Institute of Technology is a higher education institution located in Middlesex County, MA. In 2024, the most popular Masters Degree concentrations at Massachusetts Institute of Technology were Management Science (701 degrees awarded), Computer Science (236 degrees), and Systems Engineering (199 degrees).

In 2024, 4,101 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 42.3% of these degrees were awarded to women, and 57.7% awarded men. The most common race/ethnicity group of degree recipients was white (971 degrees), 1.14 times more than then the next closest race/ethnicity group, asian (852 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $61,990, which is $30,070 more than the national average for Doctoral Universities ($31,920).

Photo by Justin Jensen

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at Massachusetts Institute of Technology is $61,990, which is $30,070 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $20,996.

In 2024, 64% of undergraduate students attending Massachusetts Institute of Technology received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Tuition Costs

$61,990

2024 Undergraduate Tuition

In 2024, the cost of tuition at Massachusetts Institute of Technology was $61,990. The cost of tuition at Massachusetts Institute of Technology is $30,070 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

Average Net Price

$20,996

2024 Value

2.43%

1 Year Growth

In 2024 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $20,996. Between 2023 and 2024, the average net price of Massachusetts Institute of Technology grew by 2.43%.

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.

Other Student Expenses

$19,390

Room and Board

$880

Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $19,390 in 2024. The cost of room and board increased by 3.19% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $880. The cost of books and supplies increased by 3.53% during the same period.

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

Financial Aid by Income Level

64%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Massachusetts Institute of Technology received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, 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.

Admissions

Massachusetts Institute of Technology received 28,232 undergraduate applications in 2024, which represents a 4.94% annual growth. Out of those 28,232 applicants, 1,284 students were accepted for enrollment, representing a 4.55% acceptance rate.

There were 11,886 students enrolled at Massachusetts Institute of Technology in 2024. 83% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 85.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.55%

Acceptance Rate in 2024

1,284

Accepted Out of 28,232

In 2024, the undergraduate acceptance rate of Massachusetts Institute of Technology was 4.55% (1,284 admissions from 28,232 applications). This is lower than the acceptance rate of 2023, which was 4.74%. Between 2023 and 2024, the number of applicants grew by 4.94%, while admissions grew by 0.785%.

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

SAT Scores

83%

Submission Percentage (2024)

911

Scores Submitted (2024)

83% of enrolled first-time students at Massachusetts Institute of Technology in 2024 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

Massachusetts Institute of Technology had a total enrollment of 11,886 students in 2024. The full-time enrollment at Massachusetts Institute of Technology is 11,683 students and the part-time enrollment is 203. This means that 98.3% 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 22.3% White, 21.5% Asian, 8.76% Hispanic or Latino, 4.91% Two or More Races, 4.44% Black or African American, 0.118% American Indian or Alaska Native, and 0.0421% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are most commonly Asian Female (20.5%), followed by Asian Male (14.4%) and White Female (10.7%). Students enrolled in full-time Graduate programs are most commonly White Male (13.8%), followed by White Female (10%) and Asian Male (6.48%).

Full-Time vs Part-Time Enrollment

98.3%

Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology in 2024, both undergraduate and graduate, is 11,886 students. The full-time enrollment at Massachusetts Institute of Technology is 11,683 and the part-time enrollment is 203. This means that 98.3% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 77.3% 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.

Retention Rate over Time

99%

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 Massachusetts Institute of Technology was 99%. Compared with the full-time retention rate at similar Doctoral Universities (82%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
2,647 enrolled students
Asian
2,550 enrolled students
Hispanic or Latino
1,041 enrolled students

The enrolled student population at Massachusetts Institute of Technology is 22.3% White, 21.5% Asian, 8.76% Hispanic or Latino, 4.91% Two or More Races, 4.44% Black or African American, 0.118% American Indian or Alaska Native, and 0.0421% 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 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 1,062 students (8.93%) did not report their race.

Graduates

In 2024, 631 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 (971 degrees awarded). There were 1.14 times more white recipients than the next closest race/ethnicity group, asian (852 degrees).

The most common Masters Degree concentration at Massachusetts Institute of Technology is Management Science (701 degrees awarded), followed by Computer Science (236 degrees) and Systems Engineering (199 degrees).

In 2024, 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 (186 degrees awarded), Math & Statistics (350 degrees), and Engineering (1,248 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 are Software developers (1,190,359 people), Other managers (502,992 people), Miscellaneous engineers, including nuclear engineers (428,533 people), Civil engineers (327,382 people), and Mechanical engineers (230,047 people).

The most specialized majors at Massachusetts Institute of Technology in 2024 are Architecture and Related Services (186 degrees awarded), Math & Statistics (350 degrees), Engineering (1,248 degrees), Physical Sciences (223 degrees), and Computer and Information Sciences and Support Services (764 degrees) (as of 2024).

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 are Surgeons, Podiatrists, Magnetic resonance imaging technologists, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (186 degrees awarded), Math & Statistics (350 degrees), Engineering (1,248 degrees), Physical Sciences (223 degrees), and Computer and Information Sciences and Support Services (764 degrees) (as of 2024).

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 are Computer Systems Design (1,193,109 people), Architectural, engineering & related services (671,667 people), Colleges, universities & professional schools, including junior colleges (463,992 people), Construction (406,321 people), and Elementary & secondary schools (305,539 people).

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 (2024)

Computer Science
366 degrees awarded
General Mathematics
173 degrees awarded
Mechanical Engineering
106 degrees awarded

In 2024, the most common bachelors degree concentration at Massachusetts Institute of Technology was Computer Science with 366 degrees awarded.

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

Sex Breakdown for Common Majors

2,366

Degrees Awarded to Men

in 2024

1,735

Degrees Awarded to Women

in 2024

In 2024, 2,366 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.36 times more than the number of degrees awarded to females (1,735).

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

Most Common Male Majors

In 2024, 437 degrees were awarded to men at Massachusetts Institute of Technology in Computer Science, which is 1.74 times more than the 251 female recipients with that same degree.

Most Common Female Majors

In 2024, 300 degrees were awarded to men at Massachusetts Institute of Technology in Management Science, which is 0.693 times less than the 433 male recipients with that same degree.

Time to Complete

89%

100% Completion Time

95%

150% Completion Time

In 2024, 89% 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, 95% completed their degrees within 150% of the normal time, and 96% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (99.2%)

The student demographic with the highest graduation rate in 2024 at Massachusetts Institute of Technology is Male and Asian (99.2% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (75.5%).

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, 3.84% of graduates (41 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
971 degrees awarded
Asian
852 degrees awarded
Hispanic or Latino
336 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (971 degrees awarded). There were 1.14 times more white recipients than the next closest race/ethnicity group, asian (852 degrees).

4.85% of degree recipients (199 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Male
823 degrees awarded
White Male
788 degrees awarded
White Male
774 degrees awarded

The most common race/ethnicity and sex grouping at Massachusetts Institute of Technology is white male (823 degrees awarded). There were 1.04 times more white male recipients than the next closest race/ethnicity group, white male (788 degrees).

Operations

Massachusetts Institute of Technology has an endowment valued at nearly $24.6B, as of the end of the 2024 fiscal year. The return on its endowment was of 2.16B (8.77%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, Massachusetts Institute of Technology had a total salary expenditure of 4.59B. Massachusetts Institute of Technology employs 686 Professors, 215 Associate professors and 204 Lecturers. Most academics at Massachusetts Institute of Technology are Male Professor (532), Female Professor (154), and Male Associate professor (142).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4,965 employees, Business and Financial Operations, with 1,775 employees, and Computer, Engineering, and Science with 1,382 employees.

Endowment

$24.6B

2024 Endowment

4.77%

growth from 2023

Massachusetts Institute of Technology has an endowment valued at about $24.6B, as of the end of the 2024 fiscal year. The endowment of Massachusetts Institute of Technology grew 4.77% from the previous year. The value of their endowment was $24.3B 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.

Salary Expenditure

$1.99B

2024 Salaries

8.32%

growth from 2023

In 2024, Massachusetts Institute of Technology paid a median of $1.99B in salaries, which represents 43.5% of their overall expenditure ($4.59B) and a 8.32% growth from the previous year. This is compared to a 8.17% growth between 2022 and 2023, and a 5.17% growth between 2021 and 2022.

Instructional Salaries

$309M

Instructional Salaries

1,379

Number of Employees

In 2024, Massachusetts Institute of Technology paid a total of $309M to 1,379 employees working as instructors, which represents 15.5% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,965 employees, Business and Financial Operations with 1,775 employees, and Computer, Engineering, and Science with 1,382 employees.

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