Massachusetts Institute of Technology
#2 in National Universities
Overview
Massachusetts Institute of Technology is a private institution that was founded in 1861. It has a total undergraduate enrollment of 4,657 (fall 2022), its setting is urban, and the campus size is 168 acres. It utilizes a 4-1-4-based academic calendar. Massachusetts Institute of Technology's ranking in the 2024 edition of Best Colleges is National Universities, #2. Its tuition and fees are $60,156.
Located outside Boston in Cambridge, Massachusetts, MIT focuses on scientific and technological research and is divided into five schools and a college. University research expenditures have exceeded $700 million a year, with funding from government agencies such as the Department of Health and Human Services and Department of Defense. MIT’s highly ranked graduate schools include the School of Engineering and Sloan School of Management, in addition to strong programs in economics, biology, chemistry, earth sciences, physics and mathematics. Freshmen are required to live on campus, and about 70% of all undergraduates live on campus. Architect Steven Holl designed one dorm, commonly called "The Sponge." The Independent Activities Period, a four-week term in January, offers special courses, lectures, competitions and projects. Distinguished alumni include Apollo 11 astronaut Buzz Aldrin, former U.N. Secretary General Kofi Annan and former Federal Reserve Bank Chairman Ben Bernanke.
Massachusetts Institute of Technology is a private institution that was founded in 1861. It has a total undergraduate enrollment of 4,657 (fall 2022), its setting is urban, and the campus size is 168 acres. It utilizes a 4-1-4-based academic calendar. Massachusetts Institute of Technology's ranking in the 2024 edition of Best Colleges is National Universities, #2. Its tuition and fees are $60,156.
Located outside Boston in Cambridge, Massachusetts, MIT focuses on scientific and technological research and is divided into five schools and a college. University research expenditures have exceeded $700 million a year, with funding from government agencies such as the Department of Health and Human Services and Department of Defense. MIT’s highly ranked graduate schools include the School of Engineering and Sloan School of Management, in addition to strong programs in economics, biology, chemistry, earth sciences, physics and mathematics. Freshmen are required to live on campus, and about 70% of all undergraduates live on campus. Architect Steven Holl designed one dorm, commonly called "The Sponge." The Independent Activities Period, a four-week term in January, offers special courses, lectures, competitions and projects. Distinguished alumni include Apollo 11 astronaut Buzz Aldrin, former U.N. Secretary General Kofi Annan and former Federal Reserve Bank Chairman Ben Bernanke.
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At-a-Glance
Setting
Urban
Tuition & Fees
$60,156
Undergraduate Enrollment
4,657
Acceptance Rate
4%
2024 Rankings
Schools are ranked according to their performance across a set of widely accepted indicators of excellence. Read more about how we rank schools.
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Admissions
Cost
Tuition & Fees
$60,156
Room & Board
$19,390(2023-24)
Average Need-Based Aid Package
$60,077
$5,084
$5,084
Tuition & Fees
$60,156
Room & Board
$19,390(2023-24)
Average Need-Based Aid Package
$60,077
*Average cost after aid
Academics
89%
3:1
71%
Popular Majors
MAJOR
% OF GRADUATES
ALUMNI STARTING SALARY
Computer Science
28%
$142,619
Mechanical Engineering
10%
$88,436
Mathematics, General
9%
$102,652
Electrical and Electronics Engineering
5%
$108,851
Econometrics and Quantitative Economics
5%
N/A
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* In cases where salary data at the specific major level is unavailable, a general salary for the major category is displayed.
Faculty Research Impact
Bibliometric Rank
1
Bibliometrics is the statistical analyses of publications and citations for the purpose of measuring faculty research impact.Publications Cited in Top 25% of Journals
77%
Publications Cited in Top 5% of Journals
35%
Total Papers published between 2018-2022
55,316
Citations Per Publication
24:1
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Students
4,657
Graduate Enrollment
7,201
Total Enrollment
11,858
Full-Time Degree-Seeking Students
4,582
Student Diversity
Gender Distribution
Ethnic Diversity
64%
Minority Enrollment
64%
Minority Enrollment
34%
Asian
22%
White
15%
Hispanic
11%
International
8%
Black
7%
Two or more races
3%
Unknown
Not Specified is not included in this breakdown due to an enrollment of 0%.
Campus Life
Housing and Dorms
Types of campus housing available:
Student Activities
81+
Sports Teams
27
Fraternities
11
Sororities
After College
Graduation Rate
89%
Graduating Students Who Have Borrowed (any loan type, 2021)
15%
Average Debt at Graduation
$25,556
$102,988
$102,988
Graduation Rate
89%
Graduating Students Who Have Borrowed (any loan type, 2021)
15%
Average Debt at Graduation
$25,556
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Reviews & Ratings
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Undergraduate data are based on the 2022 school year.
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