The Massachusetts Institute of Technology (MIT) is a private university located in Cambridge, Massachusetts. Set up in 1861, MIT is spread over 166 acres in the city. Massachusetts Avenue divides the campus into west and east zones. While most dormitories are on its west, most of the academic buildings are on the eastern side.
The university offers both on-campus and off-campus accommodations. It is currently home to more than 11,900 undergraduate and postgraduate students. Close to 30% of its student population is made up of foreign nationals. Most of its foreign students pursue STEM courses at the master’s level.
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MIT has five schools in the disciplines of Humanities, Arts, and Social Sciences, Architecture and Planning, Engineering, and Science, and Management, and a college, Schwarzman College of Computing.
MIT charges an average of $57,590 for its programs. MIT offers need-based scholarships with the average amount being $40,000.
Massachusetts Institute of Technology’s graduates are reported to be the second-highest earning professionals in the US with an average starting salary of about $83,600. An MBA from MIT earns on average $218,000 per year.
MIT is renowned for its engineering programs and the ones in physical sciences. It is also famous s for its postgraduate in economics, linguistics, philosophy political science, and urban studies.
Course Name |
Annual Tuition Fees |
MS Electrical Engineering and Computer Science |
56,585 |
MBA |
79,234 |
MEng Computer Science and Molecular Biology |
56,585 |
MSc Mechanical Engineering |
56,585 |
56,585 |
|
MEng Civil and Environmental Engineering |
56,585 |
MS Chemical Engineering Practice |
56,585 |
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According to the QS World University Rankings, MIT initially claimed the top global position in 2012 and went on to hold that spot for ten consecutive years. More recently, MIT has further solidified its dominance by achieving a perfect overall score of 100 in the 2025 QS World University Rankings, excelling in academic reputation, faculty-student ratio, employer reputation, and employment outcomes.
This achievement places MIT at #1 for yet another cycle, followed by Imperial College London, the University of Oxford, Harvard University, and the University of Cambridge in the top five.
Meanwhile, Times Higher Education (THE) placed MIT at #5 in its 2022 World University Rankings and has consistently ranked the Institute among its top-tier institutions. Collectively, these standings underscore MIT’s enduring leadership in research, teaching, and innovation on the global stage.
The prices of housing at MIT’s residence halls are as follows:
Residence Hall |
Single (USD) |
Double (USD) |
Triple (USD) |
Four (USD) |
Baker House |
6,371.5 |
5,566 |
5,035 |
4,441 |
Burton-Conner House |
6,371.5 |
5,566 |
5,035 |
N/A |
Maseeh Hall |
6,371.5 |
5,566 |
5,035 |
4,441 |
McCormick Hall |
6,371.5 |
5,566 |
5,035 |
N/A |
Next House |
5,950 |
5,566 |
4,713 |
N/A |
Simmons Hall |
6,371.5 |
5,566 |
5,035 |
N/A |
The Massachusetts Institute of Technology (MIT) is renowned for its highly competitive admissions process. Here are the acceptance rates for the recent classes:
It's important to note that MIT's graduate programs typically have different acceptance rates compared to undergraduate admissions, reflecting the distinct criteria and competitive nature of advanced studies.
MIT's stringent acceptance rates highlight the institution's commitment to selecting top-tier students who demonstrate exceptional academic achievements, innovative potential, and a passion for their chosen fields.
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MIT University’s average tuition fee is $57,590 for the UG programs.
The mean cost of attendance at the Massachusetts Institute of Technology for graduate programs is as follows:
Type of Expense |
Annual Cost (USD) |
Standard Tuition Academic year |
52,218 |
MIT Student Extended Health Insurance |
2,905 |
Student Life fee |
346 |
Housing |
19,754 |
Books and Supplies |
1,162 |
Food |
7,799 |
Transportation |
2,818 |
Personal |
7,812 |
The average cost of attendance at the Massachusetts Institute of Technology for undergraduate programs is as follows.
Type of Expense |
Annual Cost (USD) |
Tuition |
54,161 |
Student life fee |
371 |
Housing |
11,261 |
Meals |
6,403 |
Books & supplies |
803 |
Personal expenses |
2,089 |
MIT provides financial assistance depending on financial requirements only. The university does not grant merit-based scholarships depending on any measure – sports, education, fine arts, or anything else. Foreign students are taken into consideration for assistance utilizing the same procedure that is used for native applicants. Two steps are needed to apply for assistance.
MIT’s graduate students are sponsored by fellowships or get appointed as research or teaching assistants. The stipend may amount to up to $4,000 per month.
The MIT Work Study program allows undergraduate and graduate students an opportunity to earn, gain valuable work experience, and provide their time, skills, and thoughts to solve practical problems. In case you are qualified for Federal Work-Study, this is a brilliant opportunity to better your CV and examine a career route or employment domain while aiding a not-for-profit in handling testing social or ecological issues.
All students are allowed to seek work on campus. The minimum income that students can earn is $14.25 per hour, with most of them making about $1,700 per semester. Student visa regulations permit international students to work only for 20 hours a week. Close to 93% of students partake in paid research for a minimum of one semester; most of them accomplish three or four.
Placements at MIT are skilfully conducted to allow students to realize their full potential. In September of every year, the MIT Career Fair, which the undergraduates hold, draws about 450 firms and 5,000 students. Graduates are offered an average salary range from $46,200 to $63,900. The salaries that MIT Sloan graduates earn in different job accounts:
MIT’s alumni are given access to various special resources and discounts, including career tools, an online alumni directory, campus information, etc. Some of the other benefits that alumni are entitled to are:
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