Massachusetts Institute of Technology (MIT): Cost, Fees, Admission & Acceptance Rate
Cambridge, USA
143 Comments- A++ Shiksha Grade
- Private University
168 acre campus- Estd. 1861
Last updated on 5 Dec '23, by Anushree Sinha (Study Abroad Expert)
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- Regular Action application deadline for admission to MIT UG courses is Early-Jan, 2024
- MIT MBA application deadline (Round II) is Mid-Jan, 2024
Students are advised to refer to Massachusetts Institute of Technology Admissions for admission-related queries.
- About Massachusetts Institute of Technology
- MIT Programs
- MIT Fees, Duration & Entry Requirements 2024
- MIT Scholarships 2024
- MIT Admission Dates 2024
- MIT Placements
- MIT Accommodation & Meals
- MIT Rankings 2024
- Studying in USA
About Massachusetts Institute of Technology
Established in 1861, Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. More than 150 years old, MIT is globally renowned for its excellence in research and technology, making it a global leader. MIT is the ideal option for students looking to study in the United States if they are willing to pursue undergraduate or graduate degrees outside of IITs and NITs. Massachusetts Institute of Technology ranking stands at the spot #1 in Best Global Universities for a decade now, in QS World University Rankings.
For Massachusetts Institute of Technology admissions, international students must meet the English proficiency requirements as well as the entry requirement. MIT acceptance rate for the class of 2027 stands at merely 4%, which indicates that securing admission in this university is a very competitive affair.
MIT University Student Enrollment
Massachusetts Institute of Technology boasts of a diverse and inclusive student body of more than 11,858, represented by 59 nationalities from around the world. International students make up about 30% of the total student population at MIT.
|
Particulars |
Headcount |
|---|---|
|
International Students |
3,465 |
|
Undergraduate International Students |
513 |
|
Graduate International Students |
2,952 |
MIT University Career Scope
Massachusetts Institute of Technology placement offers great return on investment to graduates and an opportunity to work with global leaders such as Apple, Amazon, McKinsey & Company, Bain & Company, Boston Consulting Group and many more. At MIT, about 96.6% of the graduates receive placement opportunities within 3 months of graduation. Massachusetts Institute of Technology MBA package has observed a hike of 7.6% and now stands at a median base salary of USD 165,000 with a median signing bonus of USD 30,000.
MIT University Campus Life
Masschusetts Institute of Technology boasts a 168 acre campus in Cambridge, Massachusetts. MIT offers on-campus accommodation facilities to students through its 19 residence halls on campus. Students get access to various facilites such as 26 acres of playing fields, over 40 gardens and green spaces, and more than 60 public works of art.
MIT University Notable Alumni
|
MIT Alumni |
Profession |
|---|---|
| Buzz Aldrin |
Astronaut (Second person to walk on the Moon) |
|
Ilene S. Gordon |
CEO, President & Chairman of Ingredion |
|
Richard Feynman |
Theoritical Physicist (Won Nobel Prize in Physics in 1965) |
|
Jonah Peretti |
Co-founder & CEO of Buzzfeed |
|
Andrea Wong |
President of Sony International Production |
Massachusetts Institute of Technology is renowned for being the most prestigious university in the world due to its excellence in teaching, influence, academic heritage, world-class facilities and reputable alumni. Celebrated graduates of MIT include 91 Nobel Prize winners, Scientists, Astronauts and global leaders in various unique fields.
| Year of establishment | 1861 |
| Website | Go to Website  |
| Also Known As | MIT |
| Accepted Exams | |
| Total International Students | 3387 |
| Size of Campus in acres | 168 |
| Faculty/Student Ratio | 3 |
| Endowments Value | US Dollar 14 billion |
| No.of Campuses | 1 |
| Accommodation expenses | 9770 USD for 4 sharing (UG),11604 USD for 4 sharing (PG) |
| Meal expenses | 7010 USD (UG),7010 USD (PG) |
| International Students Website | Go to Website |
Commonly asked questions On Highlights
Q: Is MIT good or Harvard University?
MIT Programs
Massachusetts Institute of Technology programs for international students comprise of an extensive portfolio of 56 major programs and 58 minor programs at the undergraduate level, along with various programs offered at the graduate study level. A vast number of MIT courses have been ranked in the top 5 courses worldwide by the prestigious ranking body US News & World Report and most of the courses rank #1 in the entire world in QS Rankings by Subject.
Massachusetts Institute of Technology Popular Courses
Most of Massachusetts Institute of Technology courses are ranked by some of the top ranking bodies such as QS World University Ranking by Subjects as well as US News & World Report Subject Rankings. MIT B.Tech is one of the best courses taught in the institute and is ranked at the topmost position in the world in QS Engineering & Technology Rankings 2023. When it comes to MIT MBA program, it has been awarded the spot #6 in QS Global MBA Rankings 2024 edition. Other top-ranked MIT courses include Physics, Microbiology, Immunology, Economics & Business, Neuroscience & Behaviour, and several more.
Refer to the table below, which showcases a few top streams and their subject ranking by QS World University Rankings:
| Harvard University Program | QS Ranking by Subject 2024 |
|---|---|
|
Computer Science & Information, Engineering, Data Science, Physics, Mathematics, Science, Research, Linguistics |
#1 |
| Accounting & Finance, Architecture, Economics, Chemistry, Natural Sciences | #2 |
| Marketing |
#3 |
Commonly asked questions On Popular Programs
Q: What is the Massachusetts Institute of Technology famous for?
Q: Are all courses and programs of The Massachusetts Institute of Technology accredited?
MIT Fees, Duration & Entry Requirements 2024
Massachusetts Institute of Technology takes a holistic approach when it comes to accepting international students. Students must be an all-rounder, at the top of their class and fulfill all the MIT requirements for international students in order to get into the best university in the world.
MIT Eligibility for Indian Students
MIT is a highly selective university. Hence, the academic accomplishment in all the previous institutions attended play a deciding role for prospective students of Massachusetts Institute of Technology. In order to secure admission in MIT, Indian applicants must have a high SAT/ACT score and GPA. Candidates should aim to have at least an SAT score of 1570 or an ACT score of 36. Also, Indian applicants need to meet the MIT English language requirements in order to study in MIT.
MIT English Language Requirements
|
Exam |
Minimum Score |
Recommended Score |
|---|---|---|
|
90 or higher |
100 & above |
|
|
7.0 or higher |
7.5 & above |
|
|
65 or higher |
70 & above |
|
|
Cambridge English Qualifications (C1 Advanced or C2 Proficiency) |
185 or higher |
190 & above |
|
120 or higher |
125 & above |
| Courses | 1st Year Tuition Fees | Duration & Eligibility |
|---|---|---|
B.E. / B.Tech(21 courses) | INR 44 L - 50 L | Duration: 4-5 years Exam Accepted: TOEFL: 90 & Above, IELTS: 7 - 7.5, PTE: 65 & Above |
MS(23 courses) | INR 44 L - 50 L | Duration: 1 year-5 years Exam Accepted: TOEFL: 90 - 100, IELTS: 7 - 7.5, GRE |
MBA/PGDM(16 courses) | INR 44 L - 88 L | Duration: 9 months-3 years Exam Accepted: TOEFL: 90 - 100, GRE: 320 & Above, IELTS: 7 - 7.5 |
B.A.(17 courses) | INR 44 L | Duration: 4 years Exam Accepted: TOEFL: 90 & Above |
MIM(14 courses) | INR 44 L - 88 L | Duration: 9 months-3 years Exam Accepted: TOEFL: 90 - 100, GRE: 320 & Above, IELTS: 7 - 7.5 |
Others PG(5 courses) | INR 44 L - 48 L | Duration: 1 year-2 years Exam Accepted: IELTS: 7 & Above, TOEFL: 94 - 100, GRE |
PG Certificate(1 course) | INR 30 L | Duration: 1 year Exam Accepted: TOEFL |
B.Sc.(11 courses) | INR 44 L - 50 L | Duration: 4 years Exam Accepted: TOEFL: 90 & Above, IELTS: 7 & Above, PTE: 65 & Above |
M.Arch(4 courses) | INR 44 L - 50 L | Duration: 2 years-42 months Exam Accepted: TOEFL: 100 & Above, IELTS: 7 & Above |
B.J.M.C.(1 course) | INR 44 L | Duration: 4 years Exam Accepted: TOEFL: 90 & Above |
Commonly asked questions On Fees and Eligibility
Q: What are the admission requirements at the Massachusetts Institute of Technology for international students?
Q: What are the English language requirements for international students at the Massachusetts Institute of Technology?
Q: What is the tuition fee at the Massachusetts Institute of Technology for international students?
MIT Scholarships 2024
Massachusetts Institute of Technlogy offers extensive need-based financial aid to their international students and try making the university an affordable option to study in. To avail financial aid at MIT, students must apply separately for scholarships.
Steps to apply for MIT scholarships for international students:
CSS Profile: CSS Profile is a tool provided by the MIT College Board and is used to determine if the candidate qualifies for a need-based MIT Scholarship. Documents required for the same include
- Candidate's parents’ income tax returns or wage statements;
- Any other records of money earned;
- Current bank account balances;
- Records of investments; and
- Records of untaxed income.
Also Read: Scholarships to Study in USA for International Students
MIT Admission Dates 2024
Massachusetts Institute of Technology admission process differs for undergraduates, graduates and MBA aspirants. For Bachelor's courses, prospective students can apply through the MIT Portal. Whereas, candidates applying for MIT master's courses can submit their online application through Gradapply (online application portal for graduate programs, except MIT Sloan School of Management). For MIT MBA admissions, a separate application is required, which is available on the university's official website.
Massachusetts Institute of Technology application deadlines for international students
Undergraduate Programs:
|
Application Type |
Application Deadline |
|---|---|
|
Early Action |
Early-Nov, 2024 |
|
Regular Action |
Early-Jan, 2024 |
MBA Programs:
|
Round |
Application Deadlines |
|---|---|
|
Round I |
Sep-End, 2024 |
|
Round II |
Mid-Jan, 2024 |
|
Round III |
Early-Apr, 2024 |
Note: MIT University application deadlines for PG programs varies as per the course of choice.
Massachusetts Institute of Technology application fee
|
Program |
Application Fee |
|---|---|
|
Undergraduate and Postgraduate Programs |
USD 75 = INR 6,254 |
|
MBA Programs |
USD 250 = INR 20,847 |
Conversion Used: 1 USD = INR 83.39
- Application fees :USD 75 - 250
- Type of deadline :Depends on course
Documents| Type of documents | Applicable for |
|---|---|
| SOP | Needed for few courses |
| LOR | Needed for all courses |
| Essays | Needed for few courses |
| CV | Needed for few courses |
| Additional documents | Required |
Important dates| Intake season | Deadline |
|---|---|
| Fall | 15ᵗʰ Dec 2023 - 8ᵗʰ Apr 2024 |
| Spring | 13ᵗʰ Jan 2024 |
Commonly asked questions On Admissions
Q: Is it hard to get into The Massachusetts Institute of Technology?
Q: What is the admission deadline for international students at the Massachusetts Institute of Technology?
Q: How can I apply to The Massachusetts Institute of Technology as an international student?
Q: What to expect in the interview for admission of MIT University?
MIT Placements
Massachusetts Institute of Technology placement offers great return on investment to graduates and an opportunity to work with global leaders such as Apple, Amazon, McKinsey & Company, Bain & Company, Boston Consulting Group and many more. At MIT, about 96.6% of the graduates receive placement opportunities within 3 months of graduation. Massachusetts Institute of Technology MBA package has observed a hike of 7.6% and now stands at a median base salary of USD 165,000 with a median signing bonus of USD 30,000.
MIT Employment Report 2022
|
Particulars |
MIT Business School Placement Statistics |
|---|---|
|
Median Base Salary |
USD 165,000 |
|
Median Signing Bonus |
USD 30,000 |
|
Job Sectors |
Finance, Consulting, Technology, Healthcare / Pharma / Biotech |
| Locations where graduates were employed |
North America, Asia, Africa, Europe, Middle East |
| Course | Median Salary |
|---|---|
| MBA/PGDM | ₹124.71 - ₹137.18 LPA |
Top Recruiters
Commonly asked questions On Placements
Q: What is the average salary of MBA graduates of the Massachusetts Institute of Technology?
Q: Who are the top recruiters for the MBA graduates of the Massachusetts Institute of Technology?
MIT Accommodation & Meals
As per the Massachusetts Institute of Technology subject ranking 2023, many of the university courses are ranked among the top in the world. QS has ranked Massachusetts Institute of Technology MIM at
As per the Massachusetts Institute of Technology subject ranking 2023, many of the university courses are ranked among the top in the world. QS has ranked Massachusetts Institute of Technology MIM at 1 in its subject ranking for Masters in Business Analytics Rankings in 2023. This course was ranked at 1 in 2022. On the other hand, the Global MBA of Massachusetts Institute of Technology MBA programs for 2023 stood at 6.
Global Ranking partner QS also ranked Massachusetts Institute of Technology MS course at 1 globally in 2023.
Additionally, its MIM programs offered are also quite popular in the country and globally as these are ranked at 1 by Masters in Supply Chain Management Rankings in 2023.
Massachusetts Institute of Technology Subject Ranking 2023 FAQs
Q. Which are the top-ranked majors offered by Massachusetts Institute of Technology?
- According to the latest QS rankings, Massachusetts Institute of Technology is ranked among the top universities under categories, including Masters in Business Analytics Rankings, Masters in Supply Chain Management Rankings, Global MBA, Accounting & Finance and Engineering and Technology, among others. Below table showcases three-year trend of some of the popular majors of Massachusetts Institute of Technology:
|
Massachusetts Institute of Technology Major |
QS Rank 2021 |
QS Rank 2022 |
QS Rank 2023 |
|---|---|---|---|
|
Masters in Business Analytics Rankings |
1 |
1 |
1 |
|
Masters in Supply Chain Management Rankings |
1 |
1 |
1 |
|
Global MBA |
3 |
5 |
6 |
|
Accounting & Finance |
2 |
3 |
2 |
|
Engineering and Technology |
1 |
1 |
1 |
Q. Which are some of the popular specialisations offered by Massachusetts Institute of Technology?
A. Many of the Massachusetts Institute of Technology courses are ranked among the top programs in the country as well as in the world. Massachusetts Institute of Technology is officially ranked at 1 for its Masters in Business Analytics Rankings ranking and 1 under QS - Mathematics Rankings, globally, in 2023. The table below showcases QS rankings of these popular specialisations, along with the first-year tuition fee:
|
Massachusetts Institute of Technology Ranking Category |
Massachusetts Institute of Technology QS Rank 2023 |
Massachusetts Institute of Technology Tuition Fee (1st Year) |
|---|---|---|
|
Masters in Business Analytics Rankings |
1 |
US Dollar 53450-105600 |
|
QS - Mathematics Rankings |
1 |
US Dollar 53450-59750 |
Q. Which popular courses are offered by Massachusetts Institute of Technology?
A. The Massachusetts Institute of Technology offers various undergraduate and graduate programs in popular streams. The university is ranked by QS in various categories such as Masters in Business Analytics Rankings, Masters in Supply Chain Management Rankings, Global MBA, QS - Mathematics Rankings and Engineering and Technology. This makes MIM, MBA and MS as some of the popular courses offered by this university. Below table showcases the top rankings of these Massachusetts Institute of Technology courses, along with their first-year tuition fee:
|
Massachusetts Institute of Technology Ranking Category |
Massachusetts Institute of Technology QS Rank 2023 |
Massachusetts Institute of Technology Tuition Fee (1st Year) |
|---|---|---|
|
Masters in Business Analytics Rankings |
1 |
US Dollar 53450-105600 |
|
QS - Mathematics Rankings |
1 |
US Dollar 53450-59750 |
|
Masters in Supply Chain Management Rankings |
1 |
US Dollar 53450-105600 |
|
Global MBA |
6 |
US Dollar 84200 |
|
Accounting & Finance |
2 |
US Dollar 53450-105600 |
Q. Is Massachusetts Institute of Technology good for MS?
A. The MS course offered at Massachusetts Institute of Technology is ranked among top courses globally. According to QS - Mathematics Rankings, Massachusetts Institute of Technology was ranked 1 for MS in 2023. This ranking stood at 1 in 2022 and 1 in 2021. For international students interested in studying MS at Massachusetts Institute of Technology will have to pay a first-year tuition fee of US Dollar 53450-59750.
Accommodation Expense- Total Annual Cost:USD 11604
- On-campus housing:studentlife.mit.edu/housing
Meal Expense- Total Annual Cost:USD 7010
- Living expense links:studentlife.mit.edu/housing/grad...
- Off-campus housing:student.com/uk/cambridge?gclid=C...
apartmentfinder.com/Off-Campus-H...
studentrent.com/Student-Housing....
- The average rent is 800 to 1000 USD/month
- The residence type includes studio apartments, 3 bedroom apartments, 4 bedroom apartments and shared apartments
- The student residences are fully furnished wi
- The average rent is 800 to 1000 USD/month
- The residence type includes studio apartments, 3 bedroom apartments, 4 bedroom apartments and shared apartments
- The student residences are fully furnished with all the basic amenities such as electricity, water, gas and unlimited internet access included in the rent
- Dishwashing and On-site laundry facility is also available in almost every apartment
MIT Rankings 2024
Massachusetts Institute of Technology is the topmost university in the entire world and has been consistently ranked as the #1 Global University since a decade and more. When we take a look at Massachusetts Institute of Technology rankings, it is interesting to note MIT has retained its position awarded by every prestigious ranking body in the last 5 years. In QS World University Rankings, Massachusetts Institute of Technology has taken hold of the rank #1 in Best Global Universities for a decade now. When it comes to Times Higher Education (THE) Rankings, MIT has sustained its rank #5 in World University Rankings since 2020, which a spot below its position in 2019. In US News & World Report, MIT has observed an improving trend with its position #2 in Best Global Universities since 2022, compared to its rank #4 in 2021.
Massachusetts Institute of Technology Rankings
| Ranking Body | MIT Ranking 2022 | MIT Ranking 2023 | MIT Ranking 2024 |
|---|---|---|---|
| QS World University Rankings (Best Global Universities) | #1 | #1 | #1 |
| US News & World Report (Best Global Universities) | #2 | #2 | #2 |
| Times Higher Education (World University Rankings) | #5 | #5 | #5 |
Commonly asked questions On Rankings
Q: Is The Massachusetts Institute of Technology a good university?
Q: Is it worth pursuing an MBA from The Massachusetts Institute of Technology?
Q: Are engineering programs at The Massachusetts Institute of Technology good?
MIT Studying in USA
| Average Accommodation Expense | INR 6.7 L (based on 146 colleges) |
| Average Meals Expense | INR 3.9 L (based on 116 colleges) |
| Part Time Work | Permitted International students are allowed to work part-time for 20 hours per week during an academic term. |
| Post Study Work Permit | Permitted Optional Practical Training (OPT) is a one-year work and stay-back permit given to international students o... |
| Cost of Visa Application | USD 185 = INR 15,380.9 |
| Visa Application Process | Simple You will need an F1 visa if your course of study is a full-time degree. |
| Hot Job Sectors | IT, Tech, Energy, Healthcare, E-commerce and Business services are some of the popular job sectors in the U... |
| Economy Growth Rate | According to the BEA (Bureau of Economic Affairs), the Real GDP of USA was 2.1% in 2022. |
MIT Additional details
Commonly asked questions On Others
Q: Is this the Massachusetts Institute of Technology good for international students?
Q: What is the application fee at The Massachusetts Institute of Technology for international students?
Q: What is the cost of a student visa for the United States of America?
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| University City | Cambridge, Massachusetts, USA |
| Size of city | Medium |
| Population of City | 1,18,403 |
MIT Contact Information
77 Massachusetts Ave, Cambridge, MA 02139, USA
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