Massachusetts Institute of Technology

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2016 Undergraduate Tuition

$48,140

3.75% growth from 2015

2016 Average Net Price

$21,576

After Financial Aid

2015 Student Loan

1.08%

Default Rate

2016 Acceptance Rate

7.94%

19,020 Applicants

2016 Enrolled Students

11,376

98.3% Full-Time

2016 Graduation Rate

92.8%

986 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 (319 degrees awarded), Mechanical Engineering (190 degrees), and General Mathematics (122 degrees).

In 2016, 3,685 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 36.6% of these degrees were awarded to women, and 63.4% awarded men. The majority of degree recipients were white (1,201 degrees), 2.09 times more than then the next closest race/ethnicity group, asian (575 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $48,140, which is $22,284 more than the national average for Doctoral Universities ($25,856).

Costs

The median undergraduate tuition at Massachusetts Institute of Technology is $48,140, which is $22,284 more than the national average for Doctoral Universities ($25,856).

After taking grants and loans into account, the average net price for students is $21,576.

In 2016, 69% of undergraduate students received federal grants, while 16% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$48,140

2016 Undergraduate Tuition

In 2016, the cost of tuition at Massachusetts Institute of Technology was $48,140. The cost of tuition at Massachusetts Institute of Technology is $22,284 more than than the overall (public and private) national average for Doctoral Universities ($25,856).

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

$21,576

2016 Value

0.53%

1 Year Growth

In 2016 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $21,576. Between 2015 and 2016, the average net price of Massachusetts Institute of Technology grew by 0.53%.

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

$13,730

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $13,730 in 2016. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 3.83% between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

69%

Of Undergraduates Receive Grants

16%

Of Undergraduates Receive Federal Loans

69% of undergraduate students at Massachusetts Institute of Technology received grants or loans in 2016. This represents a decline of 1.43% with respect to 2015, when 70% 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.

1.08%

2015 Default Rate

7

Number of Defaults

In 2015 the default rate for borrower's at Massachusetts Institute of Technology was 1.08%, which represents 7 out of the 648 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 19,020 undergraduate applications in 2016, which represents a 3.9% annual growth. Out of those 19,020 applicants, 1,511 students were accepted for enrollment, representing a 7.94% acceptance rate.

There were 11,376 students enrolled at Massachusetts Institute of Technology in 2016, and 76% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 73.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.94%

Acceptance Rate in 2016

1,511

Accepted Out of 19,020

In 2016, the undergraduate acceptance rate of Massachusetts Institute of Technology was 7.94% (1,511 admissions from 19,020 applications). This is lower than the acceptance rate of 2015, which was 8.3%. Between 2015 and 2016, the number of applicants grew by 3.9%, while admissions declined by -0.527%.

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

76%

Submission Percentage

842

Scores Submitted

76% of enrolled first-time students at Massachusetts Institute of Technology in 2016 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 11,376 students. The full-time enrollment at Massachusetts Institute of Technology is 11,183 students and the part-time enrollment is 193. 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 32.4% White, 16.6% Asian, 9.41% Hispanic or Latino, 4.09% Two or More Races, 3.14% Black or African American, 0.114% American Indian or Alaska Native, and 0.00879% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are majority White Male (18.3%), followed by White Female (16.5%) and Asian Female (15.7%). Students enrolled in full-time Graduate programs are majority White Male (20.2%), followed by White Female (10.7%) and Asian Male (6.37%).

Full-Time vs Part-Time Enrollment

98.3%

Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology, both undergraduate and graduate, is 11,376 students. The full-time enrollment at Massachusetts Institute of Technology is 11,183 and the part-time enrollment is 193. This means that 98.3% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 78.1% 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

98%

2016 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 98%. 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

    3,689

  2. Asian

    1,887

  3. Hispanic or Latino

    1,071

The enrolled student population at Massachusetts Institute of Technology is 32.4% White, 16.6% Asian, 9.41% Hispanic or Latino, 4.09% Two or More Races, 3.14% Black or African American, 0.114% American Indian or Alaska Native, and 0.00879% 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 51.9% White, 12.8% Hispanic or Latino, and 9.36% 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, 528 students (4.64%) did not report their race.

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Graduates

In 2016, 989 fewer women than men received degrees from Massachusetts Institute of Technology. The majority of degree recipients at Massachusetts Institute of Technology are white (1,201 degrees awarded). There were 2.09 times more white graduates than the next closest race/ethnicity group, asian (575 degrees).

The most common Bachelor's Degree concentration at Massachusetts Institute of Technology is Computer Science (319 degrees awarded), followed by Mechanical Engineering (190 degrees) and General Mathematics (122 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 (184 degrees awarded), Engineering (1,371 degrees), and Math & Statistics (237 degrees).

Workforce

Common Jobs by Major

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, applications & systems software (822,297 people), Miscellaneous managers (578,565 people), Miscellaneous engineers, including nuclear engineers (343,480 people), Civil engineers (242,660 people), and Postsecondary teachers (224,942 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (184 degrees awarded), Engineering (1,371 degrees), Math & Statistics (237 degrees), Physical Sciences (231 degrees), and Computer and Information Sciences and Support Services (528 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 Physicians & surgeons, Economists, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Dentists

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (184 degrees awarded), Engineering (1,371 degrees), Math & Statistics (237 degrees), Physical Sciences (231 degrees), and Computer and Information Sciences and Support Services (528 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 (931,328 people), Architectural, engineering & related services (588,060 people), Colleges, universities & professional schools, including junior colleges (403,296 people), Construction (302,676 people), and Elementary & secondary schools (258,113 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (184 degrees awarded), Engineering (1,371 degrees), Math & Statistics (237 degrees), Physical Sciences (231 degrees), and Computer and Information Sciences and Support Services (528 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. 319 degrees awarded

  2. 190 degrees awarded

  3. 122 degrees awarded

In 2016, the most common bachelors degree concentration at Massachusetts Institute of Technology was Computer Science with 319 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 2,337

  2. 1,348

In 2016, 2,337 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.73 times more than the number of degrees awarded to females (1,348).

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 2016, 454 degrees were awarded to men at Massachusetts Institute of Technology in General Business, which is 1.92 times more than the 237 female recipients with that same degree.

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Most Common Female Majors

In 2016, 237 degrees were awarded to women at Massachusetts Institute of Technology in General Business, which is 0.522 times less than the 454 male recipients with that same degree.

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Time to Complete

81%

100% Completion Time

91%

150% Completion Time

In 2016, 81% 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, 91% completed their degrees within 150% of the normal time, and 93% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Massachusetts Institute of Technology is Female and Two or More Races (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (67.2%).

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, 3.25% of graduates (32 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    1,201 degrees awarded

  2. Asian

    575 degrees awarded

  3. Hispanic or Latino

    334 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (1,201 degrees awarded). There were 2.09 times more white recipients than the next closest race/ethnicity group, asian (575 degrees).

4.23% of degree recipients (156 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    729 degrees awarded

  2. White Female

    472 degrees awarded

  3. Asian Male

    304 degrees awarded

The most common race/ethnicity and gender grouping at Massachusetts Institute of Technology is white male (729 degrees awarded). There were 1.54 times more white male recipients than the next closest race/ethnicity group, white female (472 degrees).

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Operations

Massachusetts Institute of Technology has an endowment valued at nearly $13.5B, as of the end of the 2015 fiscal year. The return on its endowment was of $1.86B (13.8%), compared to the 1.54% average return ($4.18M on $271M) across all Doctoral Universities.

In 2015, Massachusetts Institute of Technology had a total expenditure of $3.11B. Of that $3.11B, they spent $1.25B on salaries and $3.11B on benefits.

Massachusetts Institute of Technology employs 645 Professors, 206 Associate professors, and 163 Assistant professors. Most academics at Massachusetts Institute of Technology are Male Professors (529), Male Associate professors(151), and Male Assistant professors (116).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4561 employees, Office and Administrative Support, with 1836 employees, and Computer, Engineering, and Science with 1055 employees.

Finances

Endowment

$13.5B

2015 Endowment

8.45%

growth from 2014

Massachusetts Institute of Technology has an endowment valued at about $13.5B, as of the end of the 2015 fiscal year. The endowment of Massachusetts Institute of Technology grew 8.45% from the previous year. The value of their endowment was $13.2B 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. $1.32B - Federal

  2. $28M - State

  3. $0 - Local

As of 2015, Massachusetts Institute of Technology received $1.32B in grants and contracts from the federal government, $28M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$1.25B

Salary Expenditure

$3.11B

Benefits Expenditure

In 2015, Massachusetts Institute of Technology had a total expenditure of $3.11B. Of that $3.11B, they spent $1.25B on salaries and $3.11B on benefits.

The bar chart shows the share of the primary expenses at Massachusetts Institute of Technology over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Doctoral Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Massachusetts Institute of Technology as a share of total expenditure.

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Salary Expenditure

$1.25B

2015 Salaries

5.92%

growth from 2014

In 2015, Massachusetts Institute of Technology paid a median of $1.25B in salaries, which represents 40.3% of their overall expenditure ($3.11B) and a 5.92% growth from the previous year. This is compared to a 4.87% growth from 2013 and a 5.89% growth from 2012.

The median for similar Doctoral Universities is 206M (43.4% of overall expenditures).

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Instructional Salaries

$205M

Instructional Salaries

1,314

Number of Employees

In 2015, Massachusetts Institute of Technology paid a total of $205M to 1,314 employees working as instructors, which represents 16.4% of all salaries paid.

This is compared to a median of $62.1M (30.2%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

645 Employees

Research

Most Common Non-Instructional Employee

4561 Employees

In 2016, the most common positions for instructional staff at Massachusetts Institute of Technology were Professor with 645 employees; Associate professor with 206 employees; and Associate professor with 163 employees.

In 2016, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,561 employees; Office and Administrative Support with 1,836 employees; and Computer, Engineering, and Science with 1,055 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Associate professor

  3. Male Assistant professor

In 2016, the most common demographic for instructional staff at Massachusetts Institute of Technology was Male Professor with 529 employees, Male Associate professor with 151 employees, and Male Assistant professor with 116 employees.

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

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