Massachusetts Institute of Technology (MIT)

Founded in 1861, the Massachusetts Institute of Technology (more commonly referred to as MIT) is one of the oldest and most prestigious higher education institutions in the United States. It is privately owned and operated and is located in the city of Cambridge in the state of Massachusetts. The university was established during the industrial revolution to meet the demand for highly skilled workers, managers and entrepreneurs.

The educational system at MIT is based on the polytechnic university model typical of European universities and emphasizes applied science and engineering based on laboratory instruction. Researchers at MIT were instrumental to the war and peace effort during World War II and the Cold War. They helped improve radar, computer, and inertial guidance systems for use in the war. The university experienced phenomenal growth after World War II due to the extensive post-war defense research conducted by its faculty.

MIT is comprised of five schools and one college, which include 32 academic departments. While MIT is not the number one ranked university it the nation, many would argue its just as good, if not better, than its closely ranked competitors. While MIT is best known for its programs in the sciences and engineering, it now has top ranked research and education programs in economics, business management, biology, and linguistics.

The university is also well known for its culture of entrepreneurism and has produced many of America's top entrepreneurs and business owners. In fact, the total revenues produced by businesses founded by MIT graduates is greater than the revenues produced by the 11th largest economy in the world.

Academics
MIT is primarily a research university that serves the educational needs of graduate and professional students. It is regionally accredited by the New England Association of Schools and Colleges.

The most popular department at MIT is Electrical Engineering and Computer Science (EECS), referred to on campus as "Course 6". In fact, all majors and classes at MIT are referred to using nothing more than an acronym or number. For example, Linguistics and Philosophy is known as Course 24 by students, Civil and Environmental Engineering... Course 1, etc., etc. Individual courses are named using a combination of a department's course number and class number. For example, the Mechanical Engineering Dynamics and Countrol II course is also known as 2.03.

MIT offers a four-year undergraduate program that focuses on professional majors, with a few course offerings in the arts and sciences. Through its 5 academic schools MIT offers undergraduate students a selection of 44 degree programs to choose from. At the undergraduate level, MIT only awards the bachelor of science (SB). About 63% of undergraduate students pursue majors in engineering. Other popular undergraduate majors include science (29%), humanities, business management, and architecture. The two most popular undergraduate degrees are Electrical Engineering and Computer Science. Other popular undergraduate degrees include mechanical engineering, mathematics, mechanical engineering, and computer science and engineering.

The typical undergraduate class at MIT is composed of lectures, problem sets, recitations and exams. Even though keeping up with the learning pace as an undergraduate at MIT is difficult and challenging, the school has a freshmen retention rate on par with that of other top universities. Given the difficulty level of undergraduate coursework, many students are relieved the school uses a "pass/no record" grading system.

There is strong coexistance betwee MIT's graduate and undergraduate programs. In fact, many classes include both undergraduate and graduate students. Doctoral program at MIT focus on the STEM fields but are also offered in the social sciences, humanities and various professional disciplines. Graduate degrees awarded at MIT include the Master of Science (MS), Doctor of Philosophy (PhD), Master of Business Administration (MBA), Master of Finance (MFin), Master of Architecture (MArch), Master of Engineering (MEng) and Master of Science in Real Estate Development (MSRED). There are also many interdisciplinary degrees offered at the graduate level through MIT.

Candidates interested in attending one of MIT's graduate programs are required to apply directly to the department offering the degree they're interested in. The vast majority (over 90%) of students completing a doctoral degree at MIT are sponsored by research assistantships, teaching assistantships, or fellowships. Nearly half of all graduate students are enrolled in the School of Engineering. The next two most popular graduate schools at MIT include the Sloan School of Management and School of Science.

Rankings
MIT consistently places among the top universities in the United States. The university's individuals schools and programs also rank among the top in the nation. MIT's School of Engineering has been ranked the #1 program in the nation by U.S. News & World Report, the Academic Ranking of World Univerities and QS World University Rankings for several years. MIT programs that rank among the top ten in the nation include computer science, engineering, business, natural science, linguistics, economics and mathematics. Other top ranked graduate programs include philosophy and political science.

Sloan School of Management
Through its Sloan School of Management the Massachusetts Institute of Technology offers a two-year MBA program designed for aspiring business managers, leaders and entrepreneurs. The program employs the case study method of teaching and learning complimented by in class discussions, hands-on labs, lectures and interaction with industry leaders. During the first year students work in teams as they complete courses in economics, business statistics, accounting, managerial communication, organizational processes, and marketing or finance. The purpose of the first year is to develop skills in the fundamental processes and gain the basic business knowledge required to manage a business.

During the second year of the MBA programs students are able to work on their own as they focus on specialized area of study in line with their longer term career goals.

Quick Facts
Phone Number: (617) 253-1000
Address: 77 Massachusetts Avenue, Cambridge, Massachusetts 02139-4307
Institution Type: Private not-for-profit, 4-year or above
Size: Large ( 4,300+ undergrad, 6,500+ grad )
Award Levels: Bachelor's, Master's, Doctoral
In-State Tuition $ 37,567
Out-of-State Tuition $ 37,582
Online Degrees Offered: NO
Student-to-Faculty Ratio: 8 to 1
Website Address: web.mit.edu/student/
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