Massachusetts Institute of Technology Data & Information Overview
This overview covers the essential stats on Massachusetts Institute of Technology, including its rankings, majors, diversity, and more. Want to dig deeper into a particular stat? Just click on its tile and you’ll be taked to a more in-depth page on the figure. In addition, you can use the links below to quickly jump to any section on this page.- Rankings
- Admission and Acceptance
- Faculty
- Retention and Graduation Rates
- Diversity
- Cost
- Student Debt
- Average Earnings
- Location
- Majors
- Online Learning
- Related Schools
How Well Is Massachusetts Institute of Technology Ranked?
2023 Rankings
In its yearly rankings, College Factual analyzes over 2,000 colleges and universities to determine which ones are the best in a variety of categories, such as overall value, quality, diversity, which schools are the best for each major, and much more.
Massachusetts Institute of Technology was awarded 1,775 badges in the 2023 rankings. The highest ranked major at the school is architecture.
Overall Quality
College Factual ranked MIT as #1 out of 2,241 colleges and universities in the country on its 2023 Best Colleges list. This is an improvement over the previous year, when MIT held the #2 spot on the Best Overall Colleges list.
Out of the 63 colleges in Massachusetts, MIT is ranked at #1.
See all of the rankings for Massachusetts Institute of Technology.
Is It Hard to Get Into MIT?
Acceptance Rate
Massachusetts Institute of Technology has a very low acceptance rate of 7%, making it one of the most selective out of all the colleges and universities in the nation. It's probably a good idea to apply to other schools in addition to MIT just in case you don't make the cut.
Average Test Scores
About 77% of students accepted to MIT submitted their SAT scores. When looking at the 25th through the 75th percentile, SAT Evidence-Based Reading and Writing scores ranged between 730 and 780. Math scores were between 780 and 800.
Learn more about Massachusetts Institute of Technology admissions.
Massachusetts Institute of Technology Faculty
Student to Faculty Ratio
At MIT, the student to faculty ratio is an excellent 3 to 1. That's much better than the national average of 15 to 1. This indicates that many classes will probably be small, and students will have ample opportunites to work closely with their professors and classmates.
Percent of Full-Time Faculty
When estimating how much access students will have to their teachers, some people like to look at what percentage of faculty members are full time. This is because part-time teachers may not have as much time to spend on campus as their full-time counterparts.
The full-time faculty percentage at Massachusetts Institute of Technology is 99%. This is higher than the national average of 47%.
Retention and Graduation Rates at Massachusetts Institute of Technology
Freshmen Retention Rate
The freshmen retention rate of 98% tells us that most first-year, full-time students like Massachusetts Institute of Technology enough to come back for another year. This is a fair bit higher than the national average of 68%. That's certainly something to check off in the good column about the school.
Graduation Rate
Students are considered to have graduated on time if they finish their studies within four years. At MIT the on-time graduation rate of first-time, full-time students is 85%. That is great when compared to the national average of 33.3%
Find out more about the retention and graduation rates at Massachusetts Institute of Technology.
Massachusetts Institute of Technology Undergraduate Student Diversity
During the 2017-2018 academic year, there were 4,361 undergraduates at MIT with 4,234 being full-time and 127 being part-time.
How Much Does Massachusetts Institute of Technology Cost?
The overall average net price of MIT is $16,407. The affordability of the school largely depends on your financial need since net price varies by income group.The net price is calculated by adding tuition, room, board and other costs and subtracting financial aid.Note that the net price is typically less than the published for a school. For more information on the sticker price of MIT, see our tuition and fees and room and board pages.
Student Loan Debt
While almost two-thirds of students nationwide take out loans to pay for college, the percentage may be quite different for the school you plan on attending. At MIT, approximately 9% of students took out student loans averaging $10,070 a year. That adds up to $40,280 over four years for those students.
The student loan default rate at MIT is 0.3%. This is significantly lower than the national default rate of 10.1%, which is a good sign that you'll be able to pay back your student loans.
Get more details about paying for Massachusetts Institute of Technology.
How Much Money Do MIT Graduates Make?
Yearly salaries vary depending on what you major in, but on average, bachelor's degree recipients from MIT make around $111,222 per year during the early years of their employment. That's great news for MIT students since it is 162% more than the average college graduate's salary of $42,485 per year.
See which majors at Massachusetts Institute of Technology make the most money.
Location of Massachusetts Institute of Technology
Massachusetts Institute of Technology is a private not-for-profit institution located in Cambridge, Massachusetts. The location of MIT is great for students who prefer living in an urban area.Get more details about the location of Massachusetts Institute of Technology.
Contact details for MIT are given below.
| Contact Details | |
|---|---|
| Address: | 77 Massachusetts Avenue, Cambridge, MA 02139-4307 |
| Phone: | 617-253-1000 |
| Website: | web.mit.edu/ |
| Facebook: | http://www.facebook.com/MITnews |
| Twitter: | http://twitter.com/mit |
Massachusetts Institute of Technology Majors
During the most recent year for which we have data, students from 46 majors graduated from Massachusetts Institute of Technology. Of these students, 1,249 received undergraduate degrees and 2,371 graduated with a master's or doctor's degree. The following table lists the most popular undergraduate majors along with the average salary graduates from those majors make.| Most Popular Majors | Bachelor’s Degrees | Average Salary of Graduates |
|---|---|---|
| Computer Science | 393 | $118,191 |
| Mechanical Engineering | 134 | $80,396 |
| Mathematics | 117 | $82,796 |
| Physics | 76 | NA |
| Economics | 55 | NA |
| Electrical Engineering | 51 | $104,229 |
| Biomedical Engineering | 49 | $46,651 |
| Aerospace & Aeronautical Engineering | 44 | $72,563 |
| Chemical Engineering | 33 | $81,524 |
| General Biology | 33 | $46,373 |
Online Learning at MIT
Online courses area a great option for busy, working students as well as for those who have scheduling conflicts and want to study on their own time. As time goes by, expect to see more and more online learning options become available.
In 2019-2020, 11,254 students took at least one online class at Massachusetts Institute of Technology. This is an increase from the 46 students who took online classes the previous year.
| Year | Took at Least One Online Class | Took All Classes Online |
|---|---|---|
| 2019-2020 | 11,254 | 7,386 |
| 2018-2019 | 46 | 46 |
| 2017-2018 | 40 | 39 |
| 2016-2017 | 44 | 44 |
| 2015-2016 | 62 | 49 |
Learn more about online learning at Massachusetts Institute of Technology.
Find Out More About Massachusetts Institute of Technology
Related Schools
If you’re considering Massachusetts Institute of Technology, here are some more schools you may be interested in knowing more about.
- Columbia University in the City of New York
- Northwestern University
- Rensselaer Polytechnic Institute
- University of Notre Dame
- Washington University in St Louis
Curious on how these schools stack up against MIT? Pit them head to head with College Combat, our free interactive tool that lets you compare college on the features that matter most to you!
Notes and References
Footnotes
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
References
- National Center for Education Statistics
- College Scorecard
- Integrated Postsecondary Education Data System
- Image Credit: By InSapphoWeTrust under License
More about our data sources and methodologies.
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