Massachusetts Institute of Technology

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2020 Undergraduate Tuition

$53,450

0% growth from 2019

2020 Average Net Price

$19,998

After Financial Aid

2018 Student Loan

0.36%

Default Rate

2020 Acceptance Rate

7.26%

20,075 Applicants

2020 Enrolled Students

11,254

97.7% Full-Time

2020 Graduation Rate

95.6%

994 Graduates

About

Massachusetts Institute of Technology is a higher education institution located in Middlesex County, MA. In 2020, the most popular Bachelor's Degree concentrations at Massachusetts Institute of Technology were Computer Science (424 degrees awarded), Mechanical Engineering (147 degrees), and General Mathematics (112 degrees).

In 2020, 3,715 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 38.1% of these degrees were awarded to women, and 61.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,121 degrees), 1.61 times more than then the next closest race/ethnicity group, asian (695 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $53,450, which is $24,887 more than the national average for Doctoral Universities ($28,563).

Photo by Justin Jensen

Costs

The median undergraduate tuition at Massachusetts Institute of Technology is $53,450, which is $24,887 more than the national average for Doctoral Universities ($28,563).

After taking grants and loans into account, the average net price for students is $19,998.

In 2020, 64% of undergraduate students attending Massachusetts Institute of Technology received financial aid through grants. Comparatively, 8% of undergraduate students received financial aid through loans.

Tuition Costs

$53,450

2020 Undergraduate Tuition

In 2020, the cost of tuition at Massachusetts Institute of Technology was $53,450. The cost of tuition at Massachusetts Institute of Technology is $24,887 more than than the overall (public and private) national average for Doctoral Universities ($28,563).

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

Average Net Price

$19,998

2020 Value

2.28%

1 Year Growth

In 2020 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $19,998. Between 2019 and 2020, the average net price of Massachusetts Institute of Technology grew by 2.28%.

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

$16,390

Room and Board

$820

Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $16,390 in 2020. During the same period, the average yearly cost of books and supplies was $820. The cost of room and board increased by 5.67% between 2019 and 2020. The cost of books and supplies increased by 2.5% 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 2020. This represents a decline of 1.54% with respect to 2019, when 65% 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.

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.

0.36%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Massachusetts Institute of Technology was 0.36%, which represents 2 out of the 555 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 received 20,075 undergraduate applications in 2020, which represents a 5.8% annual decline. Out of those 20,075 applicants, 1,457 students were accepted for enrollment, representing a 7.26% acceptance rate.

There were 11,254 students enrolled at Massachusetts Institute of Technology in 2020, and 77% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 73.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.26%

Acceptance Rate in 2020

1,457

Accepted Out of 20,075

In 2020, the undergraduate acceptance rate of Massachusetts Institute of Technology was 7.26% (1,457 admissions from 20,075 applications). This is higher than the acceptance rate of 2019, which was 6.7%. Between 2019 and 2020, the number of applicants declined by −5.8%, while admissions grew by 2.1%.

This chart compares the acceptance rate of Massachusetts Institute of Technology (in red) with that of other similar universities.

SAT Scores

77%

Submission Percentage

822

Scores Submitted

77% of enrolled first-time students at Massachusetts Institute of Technology in 2020 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.

Enrollment

Massachusetts Institute of Technology has a total enrollment of 11,254 students. The full-time enrollment at Massachusetts Institute of Technology is 11,000 students and the part-time enrollment is 254. This means that 97.7% 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 28.7% White, 19.7% Asian, 9.77% Hispanic or Latino, 4.74% Two or More Races, 3.93% Black or African American, 0.116% American Indian or Alaska Native, and 0.0267% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are most commonly Asian Female (19.4%), followed by White Male (13.2%) and Asian Male (13.2%). Students enrolled in full-time Graduate programs are most commonly White Male (18.5%), followed by White Female (12%) and Asian Male (6.07%).

Full-Time vs Part-Time Enrollment

97.7%

Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology, both undergraduate and graduate, is 11,254 students. The full-time enrollment at Massachusetts Institute of Technology is 11,000 and the part-time enrollment is 254. This means that 97.7% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 76.5% 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

98%

2020 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 (85%), 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

White
3,230
Asian
2,218
Hispanic or Latino
1,100

The enrolled student population at Massachusetts Institute of Technology is 28.7% White, 19.7% Asian, 9.77% Hispanic or Latino, 4.74% Two or More Races, 3.93% Black or African American, 0.116% American Indian or Alaska Native, and 0.0267% 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 50% White, 15% Hispanic or Latino, and 9.69% 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, 440 students (3.91%) did not report their race.

Graduates

In 2020, 881 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 (1,121 degrees awarded). There were 1.61 times more white graduates than the next closest race/ethnicity group, asian (695 degrees).

The most common Bachelor's Degree concentration at Massachusetts Institute of Technology is Computer Science (424 degrees awarded), followed by Mechanical Engineering (147 degrees) and General Mathematics (112 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 (177 degrees awarded), Engineering (1,154 degrees), and Math & Statistics (265 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 (854,715 people), Other managers (468,512 people), Miscellaneous engineers, including nuclear engineers (362,336 people), Civil engineers (261,405 people), and Postsecondary teachers (218,739 people).

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (177 degrees awarded), Engineering (1,154 degrees), Math & Statistics (265 degrees), Physical Sciences (224 degrees), and Computer and Information Sciences and Support Services (723 degrees).

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, Magnetic resonance imaging technologists, Securities, commodities, & financial services sales agents, Physicians, and Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining

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 (964,492 people), Architectural, engineering & related services (596,445 people), Colleges, universities & professional schools, including junior colleges (420,770 people), Construction (328,892 people), and Elementary & secondary schools (262,595 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

Computer Science
424 degree-majorss awarded
Mechanical Engineering
147 degree-majorss awarded
General Mathematics
112 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Massachusetts Institute of Technology was Computer Science with 424 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

2,298

Degrees Awarded to Men

in 2020

1,417

Degrees Awarded to Women

in 2020

In 2020, 2,298 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.62 times more than the number of degrees awarded to females (1,417).

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

Most Common Male Majors

In 2020, 448 degrees were awarded to men at Massachusetts Institute of Technology in Computer Science, which is 1.75 times more than the 256 female recipients with that same degree.

Most Common Female Majors

In 2020, 256 degrees were awarded to women at Massachusetts Institute of Technology in Computer Science, which is 0.571 times less than the 448 male recipients with that same degree.

Time to Complete

85%

100% Completion Time

94%

150% Completion Time

In 2020, 85% 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, 94% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Massachusetts 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 (72.4%).

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, 1.21% of graduates (12 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
1,121 degrees awarded
Asian
695 degrees awarded
Hispanic or Latino
307 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (1,121 degrees awarded). There were 1.61 times more white recipients than the next closest race/ethnicity group, asian (695 degrees).

3.39% of degree recipients (126 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
672 degrees awarded
White Female
449 degrees awarded
Asian Female
366 degrees awarded

The most common race/ethnicity and sex grouping at Massachusetts Institute of Technology is white male (672 degrees awarded). There were 1.5 times more white male recipients than the next closest race/ethnicity group, white female (449 degrees).

Operations

Massachusetts Institute of Technology has an endowment valued at nearly $18.4B, as of the end of the 2020 fiscal year. The return on its endowment was of $2.14B (11.7%), compared to the 3.43% average return ($10.5M on $307M) across all Doctoral Universities.

In 2020, Massachusetts Institute of Technology had a total salary expenditure of $3.89B. Massachusetts Institute of Technology employs 662 Professors, 218 Associate professors, and 178 Lecturers. Most academics at Massachusetts Institute of Technology are Male Professors (535), Male Associate professors(150), and Female Professors (127).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4297 employees, Business and Financial Operations, with 1507 employees, and Office and Administrative Support with 1499 employees.

Endowment

$18.4B

2020 Endowment

5.38%

growth from 2019

Massachusetts Institute of Technology has an endowment valued at about $18.4B, as of the end of the 2020 fiscal year. The endowment of Massachusetts Institute of Technology grew 5.38% from the previous year. The value of their endowment was $18.1B 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.

Government Grants and Contracts

Grants & Contracts

$1.55B - Federal
$20.6M - State
$0 - Local

As of 2020, Massachusetts Institute of Technology received $1.55B in grants and contracts from the federal government, $20.6M from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$1.59B

2020 Salaries

4.28%

growth from 2019

In 2020, Massachusetts Institute of Technology paid a median of $1.59B in salaries, which represents 40.9% of their overall expenditure ($3.89B) and a 4.28% growth from the previous year. This is compared to a 3.82% growth from 2018 and a 3.99% growth from 2017.

The median for similar Doctoral Universities is 238M (42.6% of overall expenditures).

Instructional Salaries

$251M

Instructional Salaries

1,375

Number of Employees

In 2020, Massachusetts Institute of Technology paid a total of $251M to 1,375 employees working as instructors, which represents 15.8% of all salaries paid.

This is compared to a median of $70.3M (29.6%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

662 Employees

Research

Most Common Non-Instructional Employee

4297 Employees

In 2020, the most common positions for instructional staff at Massachusetts Institute of Technology were Professor with 662 employees; Associate professor with 218 employees; and Associate professor with 178 employees.

In 2020, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,297 employees; Business and Financial Operations with 1,507 employees; and Office and Administrative Support with 1,499 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Professor
Male Associate professor
Female Professor

In 2020, the most common demographic for instructional staff at Massachusetts Institute of Technology was Male Professor with 535 employees, Male Associate professor with 150 employees, and Female Professor with 127 employees.

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