Massachusetts Institute of Technology (MIT) Overview

Massachusetts Institute of Technology (MIT) - Overview & Background

Massachusetts Institute of Technology is perhaps one of the best colleges in the world. Incorporated in 1861, MIT is a private research university located in Cambridge. Massachusetts Institute of Technology ranking has always been amongst the top five universities in the world.  U.S. News & World Report, the Academic Ranking of World Universities, and the QS World University Rankings have been consistently ranking MIT’s School of Engineering for the past several years. These rankings speak eons about the university. The university has had some of the most illustrious alumni from all over the world and it is said that the combined revenues of companies set up by MIT alumni would rank as the eleventh-largest economy in the world. 

The university offers undergraduate, graduate, and doctoral programs in Engineering, Social Science, Humanities, Business Studies, and Architecture and Planning among others. 

Established	April 10, 1861
Founder	William Barton Rogers
Also Known As	MIT
University Motto	Mind and Hand
University Type	Private Research University
University City	Cambridge, Massachusetts
Student to Faculty Ratio	3:1
Main Campus	Cambridge, Massachusetts
Campus Size	166 Acres
Endowment	$27.53 billion (FY2021)
Acceptance Rate	6.58% (2020)
Graduation Rate	94.2%
Employment Rate	95.5%
Total Enrollment	11,376
Official Website Link	Massachusetts Institute of Technology (MIT)
Contact Detail	+1 617-253-1000

 

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Infrastructure

The infrastructure of MIT, like everything else, is top-notch. Spread across 168 acres, the University has everything that a student might need. The campus is home to more than 20 research centers and more than 30 sports and other recreational facilities. The campus is also home to a Nuclear Reactor – which is one of the strongest University-based reactors in the country. The university's library system consists of subject libraries along with other specialized libraries and archives that contain more than 3 million volumes together. 

Acceptance Rate

MIT acceptance rate is around 7.3% in 2020. Massachusetts Institute of Technology is extremely selective in terms of student intake and its low acceptance rate is a testimony to it.

Residing Options

MIT offers on-campus accommodation to its students and has excellent residential facilities for students. All undergraduate students at MIT are guaranteed four years of on-campus housing during their study. It also has 5 dormitories meant for single graduate students as well as 2 apartment buildings for families of the married students. Since on-campus accommodation can be slightly expensive, some students also prefer to live off-campus.

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Faculty and Pedagogy

The faculty of MIT is also top-notch. Quite a few faculty members are Nobel Laureates while most others are highly distinguished in their academic circles. The School of Engineering at MIT has 376 full-time faculties on staff. 

Financial Aid

Financial aid is available for students to finance the Massachusetts Institute of Technology fees. However, getting one of these is quite tough. And the simple reason for this is that MIT is filled with students who excel at multiple things and hence the competition for these scholarships is quite tough. 

Jobs and Placements

The graduates of the Massachusetts Institute of Technology have reported an average salary range of $109K, wherein the salary range of male graduates is $67,468 - $149,811 and female graduates are $60,736-$121,128. The graduates from the Department of Engineering earn  $64,024-$154,975. The Electrical Engineering and Computer Science Department (EECS) has been consistently topping the U.S. News & World Report. The primary recruiters of graduates of MIT are Google, Inc ($90,000 - $136,581), Microsoft Corp ($67,871 - $138,484), Amazon.com Inc ($90,347 - $176,731), General Electric Co (GE) $103,744 - $178,666 and Northrop Grumman Corporation and hence they have rated five out of five stars for job satisfaction on Payscale.
The university also offers various on-campus career opportunities spread across different departments mainly the Chemical Engineering department. Departments such as  Aerospace Engineering mention open employment positions on their website.

Notable Alumni

Other famous alumni from Massachusetts Institute of Technology (MIT) include: 

• Luis A. Ferré - 3rd Governor of Puerto Rico
• David Nolan - Founder of United States Libertarian Party
• Francis Sargent - 64th Governor of Massachusetts
• Tadatoshi Akiba - Recipient of Ramon Magsaysay Award
• Mohammad Ali Najafi - Former Vice President of Iran
• Arash Ferdowsi (dropped out) - Co-Founder of Dropbox
• Carly Fiorina (M.S. 1989) - Former CEO of HP (Hewlett-Packard)
• William R. Hewlett (M.S. 1936) - Co-Founder of Hewlett-Packard

Verdict

MIT is one of the finest Universities in the U.S and getting admission here is nearly impossible. Apply here only if you have an outstanding profile. 

Massachusetts Institute of Technology (MIT) Location

The Massachusetts Institute of Technology spreads at a generous 168 acres and is located alongside the Charles River. Those who wish to travel by flight can access Boston's Logan Airport which is the closest airport to the campus. The taxi from the airport to the university takes about twenty-five minutes, while those traveling by subway can take Kendall Square on the Red Line, which is the closest stop to the campus. Students and staff can also take the bus from Dudley/Harvard Station mainly the CT1 stops and CT2 bus stops which stop around the campus. Those visiting the campus can find accommodation in some of the local hotels which are situated within walking distance of the campus

There are both on and off-campus dining options with different types of cuisines. The campus offers a list of suggested places to dine as well as places to visit in the city such as the Duck Tour of Boston, Boston Red Sox Fenway Park tour, The Swan Boats, The North End dining experience to name a few.

Massachusetts Institute of Technology (MIT) Map Location

Address - Cambridge, Massachusetts, United States

 

Frequently Asked Questions about Massachusetts Institute of Technology (MIT)

 Is the Massachusetts Institute of Technology prestigious? 

Yes, the Massachusetts Institute of Technology is one of the most prestigious universities. For the past 7 years, it's been continuously ranked first in the QS World University Ranking list.

 How hard is it to get into MIT? 

There is nothing hard in this world to get in. 
Yes, for top universities, you need to work hard but it is not impossible to get admission. 

Is the Massachusetts Institute of Technology the best school in the world?

It is ranked 2nd according to Best Global Universities. 
So, yes it is one of the best schools in the world. 

What is MIT best known for?

MIT is quite popular for Engineering and physical sciences programs.