Massachusetts Institute of Technology (166683)

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2022 Undergraduate Tuition

$57,590

3.75% growth from 2021

2022 Average Net Price

$20,232

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

3.96%

33,767 Applicants

2022 Enrolled Students

11,858

98% Full-Time

2022 Graduation Rate

94.9%

1,051 Graduates

About

Massachusetts Institute of Technology (166683) is a higher education institution located in Middlesex County, MA. In 2022, the most popular Masters Degree concentrations at Massachusetts Institute of Technology (166683) were Management Science (791 degrees awarded), Computer Science (282 degrees), and Systems Engineering (211 degrees).

In 2022, 4,086 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology (166683). 40.4% of these degrees were awarded to women, and 59.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,188 degrees), 1.51 times more than then the next closest race/ethnicity group, asian (786 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology (166683) is $57,590, which is $27,440 more than the national average for Doctoral Universities ($30,150).

In 2020 the default rate for borrower's at Massachusetts Institute of Technology (166683) was 0%, corresponding to 0 out of the 432 total borrowers.

Photo by Justin Jensen

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2022, the median undergraduate tuition at Massachusetts Institute of Technology (166683) is $57,590, which is $27,440 more than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $20,232.

In 2022, 77% of undergraduate students attending Massachusetts Institute of Technology (166683) received financial aid through grants. Comparatively, 4% of undergraduate students received financial aid through loans.

Tuition Costs

$57,590

2022 Undergraduate Tuition

In 2022, the cost of tuition at Massachusetts Institute of Technology (166683) was $57,590. The cost of tuition at Massachusetts Institute of Technology (166683) is $27,440 more than than the overall (public and private) national average for Doctoral Universities ($30,150).

This chart compares the tuition costs of Massachusetts Institute of Technology (166683) (in red) with those of other similar universities.

Average Net Price

$20,232

2022 Value

34.6%

1 Year Growth

In 2022 Massachusetts Institute of Technology (166683) had an average net price — the price paid after factoring in grants and loans — of $20,232. Between 2021 and 2022, the average net price of Massachusetts Institute of Technology (166683) grew by 34.6%.

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.

Other Student Expenses

$18,100

Room and Board

$840

Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology (166683) was of $18,100 in 2022. The cost of room and board increased by 50.8% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $840. The cost of books and supplies increased by 1.2% during the same period.

This chart compares the average student costs at Massachusetts Institute of Technology (166683) (in red) with that of similar universities.

Financial Aid by Income Level

77%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at Massachusetts Institute of Technology (166683) received financial aid through grants or loans in 2022. This represents a decline of 23% with respect to 2021, when 100% 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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Massachusetts Institute of Technology (166683) was 0%, which represents 0 out of the 432 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.

Admissions

Massachusetts Institute of Technology (166683) received 33,767 undergraduate applications in 2022, which represents a 1.59% annual growth. Out of those 33,767 applicants, 1,337 students were accepted for enrollment, representing a 3.96% acceptance rate.

There were 11,858 students enrolled at Massachusetts Institute of Technology (166683) in 2022. 78% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology (166683) has an overall enrollment yield of 85%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

3.96%

Acceptance Rate in 2022

1,337

Accepted Out of 33,767

In 2022, the undergraduate acceptance rate of Massachusetts Institute of Technology (166683) was 3.96% (1,337 admissions from 33,767 applications). This is lower than the acceptance rate of 2021, which was 4.11%. Between 2021 and 2022, the number of applicants grew by 1.59%, while admissions declined by 2.05%.

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.

SAT Scores

78%

Submission Percentage (2022)

883

Scores Submitted (2022)

78% of enrolled first-time students at Massachusetts Institute of Technology (166683) in 2022 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 (166683) had a total enrollment of 11,858 students in 2022. The full-time enrollment at Massachusetts Institute of Technology (166683) is 11,625 students and the part-time enrollment is 233. This means that 98% 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 25.5% White, 20.9% Asian, 10% Hispanic or Latino, 5.14% Two or More Races, 4.84% Black or African American, 0.0928% American Indian or Alaska Native, and 0.0253% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology (166683) in full-time Undergraduate programs are most commonly Asian Female (20.3%), followed by Asian Male (13.6%) and White Male (11.1%). Students enrolled in full-time Graduate programs are most commonly White Male (16.1%), followed by White Female (11.3%) and Asian Male (6.62%).

Full-Time vs Part-Time Enrollment

98%

Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology (166683) in 2022, both undergraduate and graduate, is 11,858 students. The full-time enrollment at Massachusetts Institute of Technology (166683) is 11,625 and the part-time enrollment is 233. This means that 98% of students enrolled at Massachusetts Institute of Technology (166683) are enrolled full-time compared with 77.4% 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.

Retention Rate over Time

99%

2022 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
3,023 enrolled students
Asian
2,474 enrolled students
Hispanic or Latino
1,188 enrolled students

The enrolled student population at Massachusetts Institute of Technology (166683) is 25.5% White, 20.9% Asian, 10% Hispanic or Latino, 5.14% Two or More Races, 4.84% Black or African American, 0.0928% American Indian or Alaska Native, and 0.0253% 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 47.5% White, 15.5% Hispanic or Latino, and 9.58% 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, 462 students (3.9%) did not report their race.

Graduates

In 2022, 784 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 (1,188 degrees awarded). There were 1.51 times more white recipients than the next closest race/ethnicity group, asian (786 degrees).

The most common Masters Degree concentration at Massachusetts Institute of Technology (166683) is Management Science (791 degrees awarded), followed by Computer Science (282 degrees) and Systems Engineering (211 degrees).

In 2022, 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 Engineering (1,274 degrees awarded), Math & Statistics (289 degrees), and Physical Sciences (227 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 (1,160,490 people), Other managers (1,112,741 people), Accountants & auditors (1,077,472 people), Financial managers (541,011 people), and Chief executives & legislators (531,863 people).

The most specialized majors at Massachusetts Institute of Technology (166683) in 2022 are Engineering (1,274 degrees awarded), Math & Statistics (289 degrees), Physical Sciences (227 degrees), Computer and Information Sciences and Support Services (750 degrees), and Business (914 degrees) (as of 2022).

Highest Paying Jobs by Major

Podiatrists

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 Podiatrists, Surgeons, Physicians, Securities, commodities, & financial services sales agents, and Cardiovascular technologists and technicians

The most specialized majors at Massachusetts Institute of Technology (166683) are Engineering (1,274 degrees awarded), Math & Statistics (289 degrees), Physical Sciences (227 degrees), Computer and Information Sciences and Support Services (750 degrees), and Business (914 degrees) (as of 2022).

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 (1,550,040 people), Colleges, universities & professional schools, including junior colleges (740,657 people), Elementary & secondary schools (712,364 people), Construction (690,098 people), and Banking & related activities (607,474 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 (166683).

Most Common (2022)

Management Science
791 degrees awarded
Computer Science
282 degrees awarded
Systems Engineering
211 degrees awarded

In 2022, the most common masters degree concentration at Massachusetts Institute of Technology (166683) was Management Science with 791 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.

Sex Breakdown for Common Majors

2,435

Degrees Awarded to Men

in 2022

1,651

Degrees Awarded to Women

in 2022

In 2022, 2,435 degrees were awarded to men at Massachusetts Institute of Technology (166683), which is 1.47 times more than the number of degrees awarded to females (1,651).

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

Most Common Male Majors

In 2022, 539 degrees were awarded to men at Massachusetts Institute of Technology (166683) in Management Science, which is 1.87 times more than the 289 female recipients with that same degree.

Most Common Female Majors

In 2022, 289 degrees were awarded to men at Massachusetts Institute of Technology (166683) in Management Science, which is 0.536 times less than the 539 male recipients with that same degree.

Time to Complete

87%

100% Completion Time

96%

150% Completion Time

In 2022, 87% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (98.7%)

The student demographic with the highest graduation rate in 2022 at Massachusetts Institute of Technology (166683) is Female and White (98.7% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

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, 1.9% of graduates (20 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
1,188 degrees awarded
Asian
786 degrees awarded
Hispanic or Latino
363 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology (166683) is white (1,188 degrees awarded). There were 1.51 times more white recipients than the next closest race/ethnicity group, asian (786 degrees).

3.06% of degree recipients (125 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
701 degrees awarded
White Female
487 degrees awarded
Asian Female
422 degrees awarded

The most common race/ethnicity and sex grouping at Massachusetts Institute of Technology (166683) is white male (701 degrees awarded). There were 1.44 times more white male recipients than the next closest race/ethnicity group, white female (487 degrees).

Operations

Massachusetts Institute of Technology (166683) has an endowment valued at nearly $24.6B, as of the end of the 2022 fiscal year. The return on its endowment was of −2.06B (−8.36%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Massachusetts Institute of Technology (166683) had a total salary expenditure of 3.99B. Massachusetts Institute of Technology (166683) employs 667 Professors, 211 Associate professors and 203 Lecturers. Most academics at Massachusetts Institute of Technology (166683) are Male Professor (525), Male Associate professor (148), and Female Professor (142).

The most common positions for non-instructional staff at Massachusetts Institute of Technology (166683) are: Research, with 4,530 employees, Business and Financial Operations, with 1,652 employees, and Office and Administrative Support with 1,464 employees.

Endowment

$24.6B

2022 Endowment

10.2%

decline from 2021

Massachusetts Institute of Technology (166683) has an endowment valued at about $24.6B, as of the end of the 2022 fiscal year. The endowment of Massachusetts Institute of Technology (166683) declined 10.2% from the previous year. The value of their endowment was $24.2B 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 (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.

Salary Expenditure

$1.7B

2022 Salaries

5.17%

growth from 2021

In 2022, Massachusetts Institute of Technology (166683) paid a median of $1.7B in salaries, which represents 42.6% of their overall expenditure ($3.99B) and a 5.17% growth from the previous year. This is compared to a 1.53% growth between 2020 and 2021, and a 4.28% growth between 2019 and 2020.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$280M

Instructional Salaries

1,404

Number of Employees

In 2022, Massachusetts Institute of Technology (166683) paid a total of $280M to 1,404 employees working as instructors, which represents 16.5% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

667 Employees

Research

Most Common Non-Instructional Employee

4,530 Employees

In 2022, the most common positions for instructional staff at Massachusetts Institute of Technology (166683) were Professor with 667 employees, Associate professor with 211 employees, and Lecturer with 203 employees.

In 2022, the most common positions for non-instructional staff at Massachusetts Institute of Technology (166683) were Research with 4,530 employees, Business and Financial Operations with 1,652 employees, and Office and Administrative Support with 1,464 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Male Associate professor
Female Professor

In 2022, the most common demographic for instructional staff at Massachusetts Institute of Technology (166683) was Male Professor with 525 employees, Male Associate professor with 148 employees, and Female Professor with 142 employees.

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

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