Merrimack College

https://www.merrimack.edu

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2024 Undergraduate Tuition

$49,352

3.6% growth from 2023

2024 Average Net Price

$38,504

After Financial Aid

2024 Acceptance Rate

70%

14,070 Applicants

2024 Enrolled Students

5,862

87.4% Full-Time

2024 Graduation Rate

70.1%

786 Graduates

About

Merrimack College is a higher education institution located in Essex County, MA. In 2024, the most popular Bachelors Degree concentrations at Merrimack College were General Marketing & Marketing Management (87 degrees awarded), General Human Development & Family Studies (85 degrees), and Criminal Justice - Law Enforcement Administration (67 degrees).

In 2024, 1,840 degrees were awarded across all undergraduate and graduate programs at Merrimack College. 59.8% of these degrees were awarded to women, and 40.2% awarded men. The most common race/ethnicity group of degree recipients was white (1,455 degrees), 10.2 times more than then the next closest race/ethnicity group, hispanic or latino (142 degrees).

The median undergraduate tuition at Merrimack College is $49,352, which is $25,352 more than the national average for Masters Colleges and Universities ($24,000).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2024, the median undergraduate tuition at Merrimack College is $49,352, which is $25,352 more than the national average for Masters Colleges and Universities ($24,000).

After taking grants and loans into account, the average net price for students is $38,504.

In 2024, 95% of undergraduate students attending Merrimack College received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Tuition Costs

$49,352

2024 Undergraduate Tuition

In 2024, the cost of tuition at Merrimack College was $49,352. The cost of tuition at Merrimack College is $25,352 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

Average Net Price

$38,504

2024 Value

0.888%

1 Year Growth

In 2024 Merrimack College had an average net price — the price paid after factoring in grants and loans — of $38,504. Between 2023 and 2024, the average net price of Merrimack College grew by 0.888%.

This chart compares the average net price of Merrimack College (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

$19,995

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Merrimack College was of $19,995 in 2024. The cost of room and board increased by 9.29% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

60%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Merrimack College received financial aid through grants or loans in 2024. This represents a growth of 1.06% with respect to 2023, when 94% of undergraduate students received financial aid.

This chart compares the average award discount at Merrimack College (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

Merrimack College received 14,070 undergraduate applications in 2024, which represents a 2.75% annual growth. Out of those 14,070 applicants, 9,852 students were accepted for enrollment, representing a 70% acceptance rate.

There were 5,862 students enrolled at Merrimack College in 2024.

Merrimack College has an overall enrollment yield of 9.86%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

70%

Acceptance Rate in 2024

9,852

Accepted Out of 14,070

In 2024, the undergraduate acceptance rate of Merrimack College was 70% (9,852 admissions from 14,070 applications). This is lower than the acceptance rate of 2023, which was 73.6%. Between 2023 and 2024, the number of applicants grew by 2.75%, while admissions declined by 2.25%.

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

Enrollment

Merrimack College had a total enrollment of 5,862 students in 2024. The full-time enrollment at Merrimack College is 5,126 students and the part-time enrollment is 736. This means that 87.4% of students enrolled at Merrimack College are enrolled full-time.

The enrolled student population at Merrimack College, both undergraduate and graduate, is 71.2% White, 10.8% Hispanic or Latino, 4.76% Black or African American, 2.64% Two or More Races, 2.47% Asian, 0.171% American Indian or Alaska Native, and 0.0341% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Merrimack College in full-time Undergraduate programs are most commonly White Female (41.2%), followed by White Male (34.9%) and Hispanic or Latino Female (6.1%). Students enrolled in full-time Graduate programs are most commonly White Female (50.8%), followed by White Male (21.9%) and Hispanic or Latino Female (6.03%).

Full-Time vs Part-Time Enrollment

87.4%

Full-Time Enrollment

The total enrollment at Merrimack College in 2024, both undergraduate and graduate, is 5,862 students. The full-time enrollment at Merrimack College is 5,126 and the part-time enrollment is 736. This means that 87.4% of students enrolled at Merrimack College are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

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

Retention Rate over Time

79%

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 Merrimack College was 79%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Merrimack College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
4,175 enrolled students
Hispanic or Latino
633 enrolled students
Black or African American
279 enrolled students

The enrolled student population at Merrimack College is 71.2% White, 10.8% Hispanic or Latino, 4.76% Black or African American, 2.64% Two or More Races, 2.47% Asian, 0.171% American Indian or Alaska Native, and 0.0341% 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 Masters Colleges and Universities is 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 344 students (5.87%) did not report their race.

Graduates

In 2024, 362 more women than men received degrees from Merrimack College. The most common race/ethnicity group of degree recipients at Merrimack College is white (1,455 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (142 degrees).

The most common Bachelor's Degree concentration at Merrimack College is General Marketing & Marketing Management (87 degrees awarded), followed by General Human Development & Family Studies (85 degrees) and Criminal Justice - Law Enforcement Administration (67 degrees).

In 2024, the most specialized majors across all degree types at Merrimack College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), and Education (380 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 Merrimack College are Elementary & middle school teachers (1,584,679 people), Secondary school teachers (514,073 people), Education administrators (304,563 people), Other managers (283,948 people), and Special education teachers (214,398 people).

The most specialized majors at Merrimack College in 2024 are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), Education (380 degrees), Protective Services (105 degrees), and Communications (72 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 Merrimack College are Surgeons, Physicians, Nuclear medicine technologists and medical dosimetrists, Photographic process workers & processing machine operators, and Securities, commodities, & financial services sales agents

The most specialized majors at Merrimack College are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), Education (380 degrees), Protective Services (105 degrees), and Communications (72 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 Merrimack College are Elementary & secondary schools (2,968,764 people), Justice, public order, & safety activities (398,582 people), Colleges, universities & professional schools, including junior colleges (391,582 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (274,391 people), and Computer Systems Design (198,754 people).

Majors Awarded

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

Most Common (2024)

General Marketing & Marketing Management
87 degrees awarded
General Human Development & Family Studies
85 degrees awarded
Criminal Justice - Law Enforcement Administration
67 degrees awarded

In 2024, the most common bachelors degree concentration at Merrimack College was General Marketing & Marketing Management with 87 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Merrimack College according to their major.

Sex Breakdown for Common Majors

739

Degrees Awarded to Men

in 2024

1,101

Degrees Awarded to Women

in 2024

In 2024, 739 degrees were awarded to men at Merrimack College, which is 0.671 times less than the number of degrees awarded to females (1,101).

This chart displays the sex disparity between the top 5 majors at Merrimack College by degrees awarded.

Most Common Male Majors

In 2024, 70 degrees were awarded to men at Merrimack College in General Business Administration & Management, which is 1.94 times more than the 36 female recipients with that same degree.

Most Common Female Majors

In 2024, 82 degrees were awarded to men at Merrimack College in Elementary Education & Teaching, which is 6.31 times more than the 13 male recipients with that same degree.

Time to Complete

63%

100% Completion Time

68%

150% Completion Time

In 2024, 63% of students graduating from Merrimack College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 68% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and 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.

Two or More Races Female

Highest Graduation Rate (87.5%)

The student demographic with the highest graduation rate in 2024 at Merrimack College is Female and Two or More Races (87.5% graduation rate). Across all Masters Colleges and 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
1,455 degrees awarded
Hispanic or Latino
142 degrees awarded
Black or African American
68 degrees awarded

The most common race/ethnicity at Merrimack College is white (1,455 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (142 degrees).

2.07% of degree recipients (38 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
920 degrees awarded
White Female
913 degrees awarded
White Female
908 degrees awarded

The most common race/ethnicity and sex grouping at Merrimack College is white female (920 degrees awarded). There were 1.01 times more white female recipients than the next closest race/ethnicity group, white female (913 degrees).

Operations

Merrimack College has an endowment valued at nearly $86.9M, as of the end of the 2024 fiscal year. The return on its endowment was of 11.9M (13.7%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

In 2024, Merrimack College had a total salary expenditure of 182M. Merrimack College employs 89 Associate professors, 71 Assistant professors and 42 Professors. Most academics at Merrimack College are Female Associate professor (51), Female Assistant professor (40), and Male Associate professor (38).

The most common positions for non-instructional staff at Merrimack College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 126 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 106 employees, and Service with 45 employees.

Endowment

$86.9M

2024 Endowment

13.9%

growth from 2023

Merrimack College has an endowment valued at about $86.9M, as of the end of the 2024 fiscal year. The endowment of Merrimack College grew 13.9% from the previous year. The value of their endowment was $41M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Merrimack College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$66.5M

2024 Salaries

7.52%

growth from 2023

In 2024, Merrimack College paid a median of $66.5M in salaries, which represents 36.5% of their overall expenditure ($182M) and a 7.52% growth from the previous year. This is compared to a 6.56% growth between 2022 and 2023, and a 5.87% growth between 2021 and 2022.

Instructional Salaries

$23.2M

Instructional Salaries

209

Number of Employees

In 2024, Merrimack College paid a total of $23.2M to 209 employees working as instructors, which represents 34.9% of all salaries paid.

This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Merrimack College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 126 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 106 employees, and Service with 45 employees.

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