Massachusetts Institute of Technology Business Programs

Located in Cambridge, Massachusetts, Massachusetts Institute of Technology is a private not-for-profit institution. The location of the school is great for students who enjoy the amenities of city life.

Massachusetts Institute of Technology Rankings

MIT landed the #1 spot in our 2023 ranking of best colleges. We analyzed 1,477 colleges and universities across the nation to determine this ranking. This puts it in the top 1% of all schools in the nation! It is also ranked #1 out of 55 schools in Massachusetts.

These rankings may look different from those published by other outlets, because we use an outcomes-based approach rather than a subjective one. We get our data from a number of places, including the Integrated Postsecondary Education Data System (IPEDS) and the College Scorecard. For more information, check out our rankings and methodology page.

MIT has also been awarded the following overall awards by our latest rankings.

Rank	Ranking Name	Share
#1	Best Business Master’s Degree Schools	Tweet It - Post It
#1	Best Business Doctor’s Degree Schools	Tweet It - Post It
#2	Best Business Bachelor’s Degree Schools	Tweet It - Post It

Program Level Awards

These are highlights of some of the most noteworthy awards granted to specific programs at MIT.

Rank	Ranking Name	Share
#1	Best Real Estate Development Master’s Degree Schools	Tweet It - Post It
#1	Best Business & Commerce Master’s Degree Schools	Tweet It - Post It
#1	Best Management Sciences & Methods Master’s Degree Schools	Tweet It - Post It
#2	Most Popular Real Estate Development Master’s Degree Schools	Tweet It - Post It
#5	Most Popular Business & Commerce Doctor’s Degree Schools	Tweet It - Post It
#9	Most Popular Management Sciences & Methods Master’s Degree Schools	Tweet It - Post It
#12	Most Popular Economics Doctor’s Degree Schools	Tweet It - Post It

Awards From Around the Web

The following table lists some notable awards MIT has earned from around the web.

Rank	Ranking Name	Source
#1	Best Schools	Grad Degree
#1	Best Business, Management & Marketing Graduate Degree Schools	College Factual
#1	Best Management Sciences & Quantitative Methods Graduate Degree Schools	College Factual
#1	Best Other Management Sciences and Quantitative Methods Schools	College Factual
#1	Best Management Science Schools	College Factual
#4	Best General Business/Commerce Schools	College Factual

Where Is 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

How Do I Get Into MIT?

You can apply to MIT online at: my.mit.edu/

Admission Requirements for MIT

Submission	Required?
High School GPA	recommended
High School Rank	neither required nor recommended
High School Transcript	required
College Prep Program	recommended
Recommendations	required
SAT or ACT Scores	required
TOEFL	recommended

How Hard Is It To Get Into MIT?

With an acceptance rate of 7%, MIT is one of the most selective schools in the country. If the admissions department requests additional materials, be sure to submit them promptly. This could be a sign that you're on the border line of being accepted or denied.

Approximately 48% of accepted students are men and 52% are women. The acceptance rate for men is 5%, and the acceptance rate for women is 12%.

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.

MIT received ACT scores from 42% of accepted students. When looking at the 25th through the 75th percentile, ACT English scores ranged between 35 and 36. Math scores were between 34 and 36. Composite scores were between 34 and 36.

Can I Afford Massachusetts Institute of Technology?

The overall average net price of MIT is $41,943. 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.

Student Loan Debt

It's not uncommon for college students to take out loans to pay for school. In fact, almost 66% of students nationwide depend at least partially on loans. 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.

Massachusetts Institute of Technology Undergraduate Student Diversity

There are 4,361 undergraduate students at MIT, with 4,234 being full-time and 127 being part-time.

There are also 6,893 graduate students at the school.

Gender Diversity

Of the 4,234 full-time undergraduates at MIT, 52% are male and 48% are female.

Racial-Ethnic Diversity

The racial-ethnic breakdown of Massachusetts Institute of Technology students is as follows.

Race/Ethnicity	Number of Grads
Asian	1,377
Black or African American	282
Hispanic or Latino	661
White	1,066
International Students	448
Other Races/Ethnicities	400

Geographic Diversity

Massachusetts students aren't the only ones who study at Massachusetts Institute of Technology. At this time, 49 states are represented by the student population at the school.

Over 134 countries are represented at MIT. The most popular countries sending students to the school are China, India, and Canada.

Online Learning at Massachusetts Institute of Technology

In 2019-2020, 11,254 students took at least one online class at the school.

The following chart shows how the online learning population at MIT has changed over the last few years.

Online Growth Rankings of MIT

The average growth rate over the last four years of online students at Massachusetts Institute of Technology was 3,988.2%. This is the #48 largest growth rate of all schools that are mostly online. This refers to all students at MIT regardless of major.

When we speak of partially online, we are referring to schools whose online population is less than 50% of its total student body. Mostly online refers to those with online populations greater than or equal to 50%.

Massachusetts Institute of Technology Business Concentrations

The table below shows the number of awards for each concentration.

Major	Bachelor’s	Master’s	Doctor’s	TOTAL
Management Science	13	599	0	612
Econometrics & Quantitative Economics	55	22	22	99
Other Management Sciences and Quantitative Methods	18	60	0	78
General Business/Commerce	0	35	18	53
Real Estate Development	0	31	0	31
TOTAL	86	747	40	873

References

*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.

• College Factual
• National Center for Education Statistics
• Image Credit: By InSapphoWeTrust under License

More about our data sources and methodologies.