New Jersey Institute of Technology

www.njit.edu

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2022 Undergraduate Tuition

$15,198

2.76% growth from 2021

2022 Average Net Price

$17,762

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

66%

13,010 Applicants

2022 Enrolled Students

12,332

78.2% Full-Time

2022 Graduation Rate

73.7%

760 Graduates

About

New Jersey Institute of Technology is a higher education institution located in Essex County, NJ. In 2022, the most popular Bachelors Degree concentrations at New Jersey Institute of Technology were Information Technology (234 degrees awarded), Mechanical Engineering (225 degrees), and General Computer & Information Sciences (224 degrees).

In 2022, 2,792 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 26.9% of these degrees were awarded to women, and 73.1% awarded men. The most common race/ethnicity group of degree recipients was white (861 degrees), 1.27 times more than then the next closest race/ethnicity group, asian (680 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $15,198, which is $−14,952 less than the national average for Doctoral Universities ($30,150).

In 2020 the default rate for borrower's at New Jersey Institute of Technology was 0%, corresponding to 0 out of the 1853 total borrowers.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2022, the median undergraduate tuition at New Jersey Institute of Technology is $15,198, which is $14,952 less than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $17,762.

In 2022, 69% of undergraduate students attending New Jersey Institute of Technology received financial aid through grants. Comparatively, 34% of undergraduate students received financial aid through loans.

Tuition Costs

$15,198

2022 Undergraduate Tuition

In 2022, the cost of tuition at New Jersey Institute of Technology was $15,198. The cost of tuition at New Jersey Institute of Technology is $−14,952 less than than the overall (public and private) national average for Doctoral Universities ($30,150).

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

Average Net Price

$17,762

2022 Value

5.24%

1 Year Growth

In 2022 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $17,762. Between 2021 and 2022, the average net price of New Jersey Institute of Technology grew by 5.24%.

This chart compares the average net price of New Jersey 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

$13,450

Room and Board

$3,000

Books and Supplies

The average yearly cost of room and board at New Jersey Institute of Technology was of $13,450 in 2022. The cost of room and board increased by 2.28% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $3,000. The cost of books and supplies increased by 3.45% during the same period.

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

Financial Aid by Income Level

69%

Undergraduates Receiving Financial Aid through Grants

34%

Undergraduates Receiving Financial Aid through Loans

69% of undergraduate students at New Jersey Institute of Technology received financial aid through grants or loans in 2022. This represents a growth of 2.99% with respect to 2021, when 67% of undergraduate students received financial aid.

This chart compares the average award discount at New Jersey 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.

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 New Jersey Institute of Technology was 0%, which represents 0 out of the 1853 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

New Jersey Institute of Technology received 13,010 undergraduate applications in 2022, which represents a 12.4% annual growth. Out of those 13,010 applicants, 8,585 students were accepted for enrollment, representing a 66% acceptance rate.

There were 12,332 students enrolled at New Jersey Institute of Technology in 2022. 40% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 18.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66%

Acceptance Rate in 2022

8,585

Accepted Out of 13,010

In 2022, the undergraduate acceptance rate of New Jersey Institute of Technology was 66% (8,585 admissions from 13,010 applications). This is lower than the acceptance rate of 2021, which was 69.1%. Between 2021 and 2022, the number of applicants grew by 12.4%, while admissions grew by 7.25%.

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

SAT Scores

40%

Submission Percentage (2022)

633

Scores Submitted (2022)

40% of enrolled first-time students at New Jersey Institute of Technology 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

New Jersey Institute of Technology had a total enrollment of 12,332 students in 2022. The full-time enrollment at New Jersey Institute of Technology is 9,649 students and the part-time enrollment is 2,683. This means that 78.2% of students enrolled at New Jersey Institute of Technology are enrolled full-time.

The enrolled student population at New Jersey Institute of Technology, both undergraduate and graduate, is 27.4% White, 20.2% Hispanic or Latino, 19.1% Asian, 8.78% Black or African American, 2.76% Two or More Races, 0.0892% American Indian or Alaska Native, and 0.0243% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are most commonly White Male (24.3%), followed by Hispanic or Latino Male (18.2%) and Asian Male (16.4%). Students enrolled in full-time Graduate programs are most commonly White Male (5.86%), followed by Asian Male (3.53%) and White Female (2.42%).

Full-Time vs Part-Time Enrollment

78.2%

Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology in 2022, both undergraduate and graduate, is 12,332 students. The full-time enrollment at New Jersey Institute of Technology is 9,649 and the part-time enrollment is 2,683. This means that 78.2% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 77.4% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at New Jersey Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

89%

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 New Jersey Institute of Technology was 89%. Compared with the full-time retention rate at similar Doctoral Universities (84%), New Jersey Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at New Jersey Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
3,383 enrolled students
Hispanic or Latino
2,494 enrolled students
Asian
2,353 enrolled students

The enrolled student population at New Jersey Institute of Technology is 27.4% White, 20.2% Hispanic or Latino, 19.1% Asian, 8.78% Black or African American, 2.76% Two or More Races, 0.0892% American Indian or Alaska Native, and 0.0243% 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, 250 students (2.03%) did not report their race.

Graduates

In 2022, 1,288 fewer women than men received degrees from New Jersey Institute of Technology. The most common race/ethnicity group of degree recipients at New Jersey Institute of Technology is white (861 degrees awarded). There were 1.27 times more white recipients than the next closest race/ethnicity group, asian (680 degrees).

The most common Bachelor's Degree concentration at New Jersey Institute of Technology is Information Technology (234 degrees awarded), followed by Mechanical Engineering (225 degrees) and General Computer & Information Sciences (224 degrees).

In 2022, the most specialized majors across all degree types at New Jersey Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (1,082 degrees awarded), Engineering Technologies (261 degrees), and Computer and Information Sciences and Support Services (806 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 New Jersey Institute of Technology are Software developers (1,027,270 people), Other managers (438,617 people), Miscellaneous engineers, including nuclear engineers (392,233 people), Civil engineers (290,447 people), and Mechanical engineers (220,441 people).

The most specialized majors at New Jersey Institute of Technology in 2022 are Engineering (1,082 degrees awarded), Engineering Technologies (261 degrees), Computer and Information Sciences and Support Services (806 degrees), Communication Technologies (15 degrees), and Math & Statistics (38 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 New Jersey Institute of Technology are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at New Jersey Institute of Technology are Engineering (1,082 degrees awarded), Engineering Technologies (261 degrees), Computer and Information Sciences and Support Services (806 degrees), Communication Technologies (15 degrees), and Math & Statistics (38 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 New Jersey Institute of Technology are Computer Systems Design (1,072,091 people), Architectural, engineering & related services (477,160 people), Construction (340,454 people), Colleges, universities & professional schools, including junior colleges (315,998 people), and Elementary & secondary schools (233,503 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Jersey Institute of Technology.

Most Common (2022)

Information Technology
234 degrees awarded
Mechanical Engineering
225 degrees awarded
General Computer & Information Sciences
224 degrees awarded

In 2022, the most common bachelors degree concentration at New Jersey Institute of Technology was Information Technology with 234 degrees awarded.

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

Sex Breakdown for Common Majors

2,040

Degrees Awarded to Men

in 2022

752

Degrees Awarded to Women

in 2022

In 2022, 2,040 degrees were awarded to men at New Jersey Institute of Technology, which is 2.71 times more than the number of degrees awarded to females (752).

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

Most Common Male Majors

In 2022, 307 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 3.7 times more than the 83 female recipients with that same degree.

Most Common Female Majors

In 2022, 83 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 0.27 times less than the 307 male recipients with that same degree.

Time to Complete

41%

100% Completion Time

70%

150% Completion Time

In 2022, 41% of students graduating from New Jersey Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 74% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at New Jersey Institute of Technology is Male and American Indian or Alaska Native (100% 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, 3.16% of graduates (24 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
861 degrees awarded
Asian
680 degrees awarded
Hispanic or Latino
445 degrees awarded

The most common race/ethnicity at New Jersey Institute of Technology is white (861 degrees awarded). There were 1.27 times more white recipients than the next closest race/ethnicity group, asian (680 degrees).

2.15% of degree recipients (60 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
677 degrees awarded
Asian Male
474 degrees awarded
Hispanic or Latino Male
325 degrees awarded

The most common race/ethnicity and sex grouping at New Jersey Institute of Technology is white male (677 degrees awarded). There were 1.43 times more white male recipients than the next closest race/ethnicity group, asian male (474 degrees).

Operations

New Jersey Institute of Technology has an endowment valued at nearly $148M, as of the end of the 2022 fiscal year. The return on its endowment was of −33.6M (−22.7%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, New Jersey Institute of Technology had a total salary expenditure of 471M. New Jersey Institute of Technology employs 147 Lecturers, 134 Professors and 106 Associate professors. Most academics at New Jersey Institute of Technology are Male Professor (120), Male Lecturer (100), and Male Associate professor (82).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Business and Financial Operations, with 194 employees, Service, with 145 employees, and Office and Administrative Support with 145 employees.

Endowment

$148M

2022 Endowment

12.6%

decline from 2021

New Jersey Institute of Technology has an endowment valued at about $148M, as of the end of the 2022 fiscal year. The endowment of New Jersey Institute of Technology declined 12.6% from the previous year. The value of their endowment was $224M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at New Jersey 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: Higher Research Activity Carnegie Classification grouping.

Salary Expenditure

$171M

2022 Salaries

2.94%

growth from 2021

In 2022, New Jersey Institute of Technology paid a median of $171M in salaries, which represents 36.3% of their overall expenditure ($471M) and a 2.94% growth from the previous year. This is compared to a 4.41% decline between 2020 and 2021, and a 2.78% growth between 2019 and 2020.

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

Instructional Salaries

$64.4M

Instructional Salaries

491

Number of Employees

In 2022, New Jersey Institute of Technology paid a total of $64.4M to 491 employees working as instructors, which represents 37.7% of all salaries paid.

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

Occupations by Share

Lecturer

Most Common Instructor

147 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

194 Employees

In 2022, the most common positions for instructional staff at New Jersey Institute of Technology were Lecturer with 147 employees, Professor with 134 employees, and Associate professor with 106 employees.

In 2022, the most common positions for non-instructional staff at New Jersey Institute of Technology were Business and Financial Operations with 194 employees, Service with 145 employees, and Office and Administrative Support with 145 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Male Lecturer
Male Associate professor

In 2022, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 120 employees, Male Lecturer with 100 employees, and Male Associate professor with 82 employees.

This chart shows the sex split between each academic rank present at New Jersey Institute of Technology.

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