Massachusetts Institute of Technology

web.mit.edu/

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2021 Undergraduate Tuition

$55,510

3.85% growth from 2020

2021 Average Net Price

$30,958

After Financial Aid

2021 Acceptance Rate

4.11%

33,240 Applicants

2021 Enrolled Students

11,934

98.8% Full-Time

2021 Graduation Rate

96.2%

1,064 Graduates

About

Massachusetts Institute of Technology is a higher education institution located in Middlesex County, MA. In 2021, the most popular Masters Degree concentrations at Massachusetts Institute of Technology were Management Science (599 degrees awarded), Computer Science (250 degrees), and Systems Engineering (205 degrees).

In 2021, 3,620 degrees were awarded across all undergraduate and graduate programs at Massachusetts Institute of Technology. 39.4% of these degrees were awarded to women, and 60.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,106 degrees), 1.66 times more than then the next closest race/ethnicity group, asian (667 degrees).

The median undergraduate tuition at Massachusetts Institute of Technology is $55,510, which is $26,518 more than the national average for Doctoral Universities ($28,992).

Photo by Justin Jensen

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at Massachusetts Institute of Technology is $55,510, which is $26,518 more than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $30,958.

In 2021, 100% of undergraduate students attending Massachusetts Institute of Technology received financial aid through grants. Comparatively, 7% of undergraduate students received financial aid through loans.

Tuition Costs

$55,510

2021 Undergraduate Tuition

In 2021, the cost of tuition at Massachusetts Institute of Technology was $55,510. The cost of tuition at Massachusetts Institute of Technology is $26,518 more than than the overall (public and private) national average for Doctoral Universities ($28,992).

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

Average Net Price

$30,958

2021 Value

54.8%

1 Year Growth

In 2021 Massachusetts Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $30,958. Between 2020 and 2021, the average net price of Massachusetts Institute of Technology grew by 54.8%.

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

$12,000

Room and Board

$830

Books and Supplies

The average yearly cost of room and board at Massachusetts Institute of Technology was of $12,000 in 2021. The cost of room and board decreased by 26.8% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $830. The cost of books and supplies increased by 1.22% 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

100%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Massachusetts Institute of Technology received financial aid through grants or loans in 2021. This represents a growth of 56.3% with respect to 2020, when 64% 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.

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Massachusetts Institute of Technology was 0%, which represents 0 out of the 480 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 33,240 undergraduate applications in 2021, which represents a 65.6% annual growth. Out of those 33,240 applicants, 1,365 students were accepted for enrollment, representing a 4.11% acceptance rate.

There were 11,934 students enrolled at Massachusetts Institute of Technology in 2021. 77% of first-time enrollees submitted SAT scores with their applications.

Massachusetts Institute of Technology has an overall enrollment yield of 86.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.11%

Acceptance Rate in 2021

1,365

Accepted Out of 33,240

In 2021, the undergraduate acceptance rate of Massachusetts Institute of Technology was 4.11% (1,365 admissions from 33,240 applications). This is lower than the acceptance rate of 2020, which was 7.26%. Between 2020 and 2021, the number of applicants grew by 65.6%, while admissions declined by −6.31%..

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

SAT Scores

77%

Submission Percentage (2020)

822

Scores Submitted (2020)

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 had a total enrollment of 11,934 students in 2021. The full-time enrollment at Massachusetts Institute of Technology is 11,787 students and the part-time enrollment is 147. This means that 98.8% 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 27.3% White, 20.2% Asian, 9.8% Hispanic or Latino, 5.07% Two or More Races, 4.42% Black or African American, 0.0838% American Indian or Alaska Native, and 0.0419% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Massachusetts Institute of Technology in full-time Undergraduate programs are most commonly Asian Female (19.7%), followed by Asian Male (13.4%) and White Male (12.4%). Students enrolled in full-time Graduate programs are most commonly White Male (17.3%), followed by White Female (11.8%) and Asian Male (6.46%).

Full-Time vs Part-Time Enrollment

98.8%

Full-Time Enrollment

The total enrollment at Massachusetts Institute of Technology in 2021, both undergraduate and graduate, is 11,934 students. The full-time enrollment at Massachusetts Institute of Technology is 11,787 and the part-time enrollment is 147. This means that 98.8% of students enrolled at Massachusetts Institute of Technology are enrolled full-time compared with 76.6% 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

99%

2021 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 99%. Compared with the full-time retention rate at similar Doctoral Universities (84%), 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 (2021)

White
3,256 enrolled students
Asian
2,410 enrolled students
Hispanic or Latino
1,170 enrolled students

The enrolled student population at Massachusetts Institute of Technology is 27.3% White, 20.2% Asian, 9.8% Hispanic or Latino, 5.07% Two or More Races, 4.42% Black or African American, 0.0838% American Indian or Alaska Native, and 0.0419% 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 48.9% White, 15.1% Hispanic or Latino, and 9.56% 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, 461 students (3.86%) did not report their race.

Graduates

In 2021, 768 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 (1,106 degrees awarded). There were 1.66 times more white recipients than the next closest race/ethnicity group, asian (667 degrees).

The most common Masters Degree concentration at Massachusetts Institute of Technology is Management Science (599 degrees awarded), followed by Computer Science (250 degrees) and Systems Engineering (205 degrees).

In 2021, 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 (162 degrees awarded), Engineering (1,143 degrees), and Math & Statistics (228 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 (944,501 people), Other managers (476,745 people), Miscellaneous engineers, including nuclear engineers (385,624 people), Civil engineers (275,294 people), and Postsecondary teachers (224,750 people).

The most specialized majors at Massachusetts Institute of Technology in 2021 are Architecture and Related Services (162 degrees awarded), Engineering (1,143 degrees), Math & Statistics (228 degrees), Physical Sciences (208 degrees), and Computer and Information Sciences and Support Services (717 degrees) (as of 2021).

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 are Podiatrists, Surgeons, Physicians, Magnetic resonance imaging technologists, and Securities, commodities, & financial services sales agents

The most specialized majors at Massachusetts Institute of Technology are Architecture and Related Services (162 degrees awarded), Engineering (1,143 degrees), Math & Statistics (228 degrees), Physical Sciences (208 degrees), and Computer and Information Sciences and Support Services (717 degrees) (as of 2021).

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 (1,032,998 people), Architectural, engineering & related services (610,486 people), Colleges, universities & professional schools, including junior colleges (433,917 people), Construction (346,508 people), and Elementary & secondary schools (274,100 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 (2021)

Management Science
599 degree-majors awarded
Computer Science
250 degree-majors awarded
Systems Engineering
205 degree-majors awarded

In 2021, the most common masters degree concentration at Massachusetts Institute of Technology was Management Science with 599 degrees awarded.

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

Sex Breakdown for Common Majors

2,194

Degrees Awarded to Men

in 2021

1,426

Degrees Awarded to Women

in 2021

In 2021, 2,194 degrees were awarded to men at Massachusetts Institute of Technology, which is 1.54 times more than the number of degrees awarded to females (1,426).

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

Most Common Male Majors

In 2021, 439 degrees were awarded to men at Massachusetts Institute of Technology in Computer Science, which is 1.74 times more than the 253 female recipients with that same degree.

Most Common Female Majors

In 2021, 253 degrees were awarded to men at Massachusetts Institute of Technology in Computer Science, which is 0.576 times less than the 439 male recipients with that same degree.

Time to Complete

87%

100% Completion Time

95%

150% Completion Time

In 2021, 87% 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, 95% 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 (99.5%)

The student demographic with the highest graduation rate in 2021 at Massachusetts Institute of Technology is Female and White (99.5% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.9%).

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, 2.07% of graduates (22 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,106 degrees awarded
Asian
667 degrees awarded
Hispanic or Latino
295 degrees awarded

The most common race/ethnicity at Massachusetts Institute of Technology is white (1,106 degrees awarded). There were 1.66 times more white recipients than the next closest race/ethnicity group, asian (667 degrees).

3.67% of degree recipients (133 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
693 degrees awarded
White Female
413 degrees awarded
Asian Female
364 degrees awarded

The most common race/ethnicity and sex grouping at Massachusetts Institute of Technology is white male (693 degrees awarded). There were 1.68 times more white male recipients than the next closest race/ethnicity group, white female (413 degrees).

Operations

Massachusetts Institute of Technology has an endowment valued at nearly $27.4B, as of the end of the 2021 fiscal year. The return on its endowment was of 10.9B (39.8%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, Massachusetts Institute of Technology had a total salary expenditure of 3.86B. Massachusetts Institute of Technology employs 669 Professors, 206 Associate professors and 182 Lecturers. Most academics at Massachusetts Institute of Technology are Male Professor (530), Male Associate professor (142), and Female Professor (139).

The most common positions for non-instructional staff at Massachusetts Institute of Technology are: Research, with 4,374 employees, Business and Financial Operations, with 1,519 employees, and Office and Administrative Support with 1,459 employees.

Endowment

$27.4B

2021 Endowment

49%

growth from 2020

Massachusetts Institute of Technology has an endowment valued at about $27.4B, as of the end of the 2021 fiscal year. The endowment of Massachusetts Institute of Technology grew 49% from the previous year. The value of their endowment was $27B 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.

Salary Expenditure

$1.62B

2021 Salaries

1.53%

growth from 2020

In 2021, Massachusetts Institute of Technology paid a median of $1.62B in salaries, which represents 41.9% of their overall expenditure ($3.86B) and a 1.53% growth from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$260M

Instructional Salaries

1,381

Number of Employees

In 2021, Massachusetts Institute of Technology paid a total of $260M to 1,381 employees working as instructors, which represents 16.1% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

669 Employees

Research

Most Common Non-Instructional Employee

4,374 Employees

In 2021, the most common positions for instructional staff at Massachusetts Institute of Technology were Professor with 669 employees, Associate professor with 206 employees, and Lecturer with 182 employees.

In 2021, the most common positions for non-instructional staff at Massachusetts Institute of Technology were Research with 4,374 employees, Business and Financial Operations with 1,519 employees, and Office and Administrative Support with 1,459 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Female Professor

In 2021, the most common demographic for instructional staff at Massachusetts Institute of Technology was Male Professor with 530 employees, Male Associate professor with 142 employees, and Female Professor with 139 employees.

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