Massachusetts Institute of Technology
Massachusetts, United States
- Cost of Living$ 17,484
- Tuition Fee From$ 27,755
- Country Rank#3
- Batch Strength11,459
- Global Diversity33%
- Gender Ratio59 : 41
Overview
About
Located in Cambridge, Massachusetts, the Massachusetts Institute of Technology is a private research university that has set the benchmark for technological institutes to come. Established 161 years ago in 1861, the institute has played a significant role in the revolution of modern technology and science. Inspired by the European polytechnic university model, MIT was developed in response to the rapid industrialisation of the United States of America.
Accredited by the New England Commission of Higher Education (NECHE), the institute is academically affiliated with the Association of American Universities (AAU), the Consortium of Financing Higher Education (COFHE), the National Association of Independent Colleges and Universities (NAICU), the Universities Research Association (URA), 568 Presidents Group, the National Sea Grant College Program, and Space-grant colleges. The university provides courses in a wide variety of disciplines although centrally focused on science and technology at the undergraduate, postgraduate, professional, and doctorate levels. The institute sees a high influx of students opting for their graduate and professional courses with a student population hailing from different parts of the U.S.A as well as varied countries from across the globe. Being one of the most prestigious and one-of-its-kind institutes, MIT has an incredibly selective admissions policy with the Massachusetts Institute of Technology acceptance rate just at 4.1%.
The institute is renowned for its contribution to the field of research spanning a multitude of areas in science and technology. It also boasts impressive alumnae comprising Nobel laureates, Turing Award winners, Field Medalists, National Medal of Science recipients, National Medals of Technology and Innovation recipients, MacArthur Fellows, Marshall Scholars, astronauts, Chief Scientists of the U.S. Air Force, and a number of heads of state are either affiliated with or can be found on the institute’s roster.
| University Name | Massachusetts Institute of Technology |
|---|---|
| Official Website | https://mit.edu/ |
| Year of Establishment | 1861 |
| Average Living Cost | $ 33,324 |
| University Type | Private |
| For Free Study Abroad Counselling | Click Here |
Ranking
US News & World Report 2024:
Massachusetts Institute of Technology achieved a notable position on the global stage, securing #2 position.QS World University Ranking 2024:
Massachusetts Institute of Technology has shown excellence by securing 3 spot on the global scale.Over the years, the Massachusetts Institute of Technology has consistently occupied a position in the top 5 best universities as well as ranked in the top spot for students’ preferences. Several independent ranking surveys, research publications, and educational journals have ranked it #1 in terms of academic reputation, global research reputation, employer reputation, and alumni outcome. MIT is also ranked highly globally in terms of best value schools, most innovative schools, best undergraduate teaching, and undergraduate research and creative projects. Some of the global Massachusetts Institute of Technology rankings are stated as follows:
- #5 - Times Higher Education World University Rankings 2022
The institute’s subject-wise rankings are as follows:
- Business & Economics - #1
- Computer Science - #1
- Mathematics - #1
- Physics - #1
- Civil Engineering - #1
- Mechanical Engineering - #1
- Electrical Engineering - #1
- Social Science & Management - #2
- Arts & Humanities - #2
- Life Science - #3
- Engineering & Technology - #4
Year
QS Ranks
US News Ranks
2023
#1
#2
2022
#1
#2
Facilities
MIT has among the most impressive university campuses the world over. The urban campus can be found spreading across 166 acres across the city of Cambridge with several faculty buildings, libraries, research centres, and science facilities.
The institute aims to foster an intellectual environment on campus with a thriving student community on board. There are fantastic sports facilities including state-of-the-art turfs and sports centres. There is also a student association comprising a wide range of clubs, societies, and committees for the students to partake in while at the institute. Some of the Massachusetts Institute of Technology facilities that can be found across campus are listed as follows.
- MIT Museum
- List Visual Arts Centre
- On-campus Nuclear Reactor
- Aerodynamic Research Centre
- MIT Nano
- Kresge Auditorium
- Stata Centre
- MIT Chapel
Notable Alumni
Courses
Scholarship
Regardless of the programme you are studying, there are several scholarship opportunities provided by the Massachusetts Institute of Technology as well as other organisations. With so many scholarships available now, overseas students can greatly lower the financial burden of studying in a new country. You can apply for scholarships to study at the university through UniScholars. You can find the following types of scholarships based on your academic performance and financial situation:
- Merit-based scholarships
- Need-based scholarships
- Country-specific scholarships
- College-specific scholarships
- Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds in order to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the Massachusetts Institute of Technology. For Indian students, UniCreds is the ideal education loan marketplace if you’re looking for low-interest rates and free consultation services!
Accommodation
There are several student housing options available for students planning to attend the Massachusetts Institute of Technology. You may select from a wide choice of affordable yet elegant student flats, halls of residence, studios, ensuites, and more! You have the option of staying on campus in the university halls of residence or in a private residence. Because of their proximity to the university, on-campus housing options may be ideal; nevertheless, they tend to fill up fast and are more expensive.
UniAcco simplifies the process of finding student housing and offers a variety of options. As a result, students can select from a wide range of available student accommodations near the institute, such as luxury studios, en-suites, and shared apartments that are more inexpensive and student-friendly.
Cost of Living
Massachusetts has everything a university student might dream of. A thriving cityscape housing some of the best higher education institutions in the world. But that equates to a fairly high cost of living in Massachusetts. University life is always turbulent with students having to take charge of their finances. It is always recommended that students learn to get their finances in order to not end up with any savings. Building a daily, weekly or monthly budget is highly advised while at university because this helps stay abreast of all the costs a student would incur during their time there. Below mentioned are the average costs a student might incur while studying at the Massachusetts Institute of Technology.
|
Particulars |
Expenses (per month) |
|
Off-campus accommodation |
$645 |
|
On-campus accommodation |
$600 |
|
Transportation |
$90 |
|
Food |
$600 |
|
Utility |
$137 |
|
Entertainment |
$54 |
|
Groceries |
$137 |
|
Clothes |
$41 |
|
Total Cost of Living with Off-Campus Accommodation |
$1614 |
|
Total Cost of Living with On-Campus Accommodation |
$1569 |
Massachusetts Institute of Technology Entry Requirements
As discussed above, MIT has continued to uphold the ultimate standard of excellence in terms of academics and research. This has led to the institute setting a benchmark and as a result, maintaining a strict admission policy with a minimum acceptance rate. Owing to this, there are stringent entry requirements which stretch to an applicant’s past academic records. The base Massachusetts Institute of Technology entry requirements is stated below.
- To gain admission for an undergraduate programme at the institute, a recognised higher secondary education certification in the relevant subjects is required.
- Applicants should have scored in the 75th percentile or higher to meet the base eligibility criteria for getting a shot at MIT.
- A minimum 1570 SAT score or 36 ACT score is another basal requirement. These are the standardised tests that are part of the base entry requirements.
- For postgraduate admissions, a recognised Bachelor’s or equivalent degree in the relevant subject(s) is required.
- Applicants should have a GPA of 4.17 or higher.
- TOEFL and IELTS are the accepted English language proficiency exams.
Massachusetts Institute of Technology Fees
A variety of factors determines a higher education institution’s fees. The primary one is whether a student classifies as a home or international student. The second factor is what course they wish to pursue and at what level (i.e, undergraduate, postgraduate, doctorate or professional). The fees at the university comprise a student’s tuition fees, meals, personal expenses, and books and supplies. On average, the Massachusetts Institute of Technology fees range from anywhere between $50,000 to $80,000. Some of their annual course-wise fees for undergraduate programmes are detailed further below.
- Technology - $52,500
- Science - $53,800
- Business - $52,500
- Computer Science and Engineering - $53,800
- Aerospace Engineering - $53,800
- Chemistry - $53,000
- Physics - $53,000
- Architecture - $53,800
- Business Analytics - $55,000
- Civil Engineering - $53,900
- Economics - $51,900
- Management Science - $55,900
Massachusetts Institute of Technology Placements
The Massachusetts Institute of Technology placements team and career services department help students navigate life after MIT. More than 50% of the institute’s graduates’ internships get converted into full-time jobs after graduation. The institute organises several career fairs through which 38% of the graduates land credible employment. The institute also relies heavily on networking opportunities with over 40% of its students landing employment opportunities through networking. The salary after graduation depends on what field one has landed an employment opportunity in but on average ranges from $40,000 to $150,000 annually.