The Massachusetts Institute of Technology, commonly known as MIT, is a higher education institution of extraordinary interactions. It's a setting where people and ideas come together in new ways—illuminating mysteries, making sparks fly, and fostering intellectual breakthroughs.
The Origins of MIT
One of the most premier institutions of higher learning in the world, the Massachusetts Institute of Technology admitted its first students in 1865, four years after the approval of its founding charter. The opening marked the culmination of an extended effort by William Barton Rogers to establish a new kind of independent educational institution relevant to an increasingly industrialized America.
Today MIT is a world-class educational institution. Teaching and research—with relevance to the practical world as a guiding principle—continue to be its primary purpose. MIT is independent, coeducational, and privately endowed. Its five schools encompass numerous academic departments, divisions, and degree-granting programs, as well as interdisciplinary centers, laboratories, and programs whose work cuts across traditional departmental boundaries.
The Mission of MIT
The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.
The Institute is committed to generating, disseminating, and preserving knowledge, and to working with others to bring this knowledge to bear on the world's great challenges. MIT is dedicated to providing its students with an education that combines rigorous academic study and the excitement of discovery with the support and intellectual stimulation of a diverse campus community. The school seeks to develop in each member of the MIT community the ability and passion to work wisely, creatively, and effectively for the betterment of humankind.
MIT Quick Facts
Incorporated by the Commonwealth of Massachusetts on April 10, 1861Motto
Mens et manus—“Mind and Hand”
168 acres in Cambridge, Massachusetts
18 student residences
26 acres of playing fields
Approximately 11,380 (including faculty)
Professors (all ranks): 1,030
Other teaching staff: 779
Selected Honors (MIT Community, Current and Former)
80 Nobel Laureates
56 National Medal of Science winners
43 MacArthur Fellows
28 National Medal of Technology and Innovation winners
Undergraduate Majors and Minors
Major programs: 46
Minor programs: 49
Freshman Admission, Class of 2017
Percentage admitted: 8.2%
Students, Academic Year 2013–2014
Women: 2,041 (45%)
Minorities: 2,305 (51%)
Graduate students: 6,773
Women: 2,121 (31%)
Minorities: 1,339 (20%)
International Students, 2013–2014
Graduate students: 2,746
Exchange, visiting, special students: 369
Undergraduate Cost, 2013–2014
Room and board: $12,744
Undergraduate Financial Aid, 2012–2013
Students receiving some form of financial aid: 90%
Students awarded a need-based MIT scholarship: 58%
MIT families earning less than $75,000 annually: 32%
Average need-based financial aid award: $40,952
Faculty and Staff of MIT
The MIT faculty instructs undergraduate and graduate students and engages in research. As of October 2014, the Institute's total teaching staff included:
Senior lecturers, lecturers, and professors emeriti
Instructors (including technical instructors)
Professors of the practice and adjunct faculty
MIT employs approximately 11,380 individuals on campus.
There are 1,030 faculty members (professors of all ranks), including 225 women.
Minority group representation among faculty includes American Indian or Alaska Native, Black, Hispanic, and Asian.
The student-faculty ratio is 8:1.
Eighty present and former members of the MIT community have won the Nobel Prize, including nine current faculty members (recognized individually or as part of a team).
Thirty-nine current and former members of the MIT faculty have received the National Medal of Science.
One current and two emeritus faculty members have been awarded the National Medal of Technology and Innovation.
Eleven current and former members of the faculty have won the John Bates Clark Medal.
Four present and former members of the MIT community have been awarded the Pulitzer Prize.
Two current faculty members have won the Millennium Technology Prize.
There are 67 Guggenheim Fellows, six Fulbright Scholars, and 22 MacArthur Fellows among current MIT faculty and staff.
Seventy-seven current MIT faculty and staff are members of the National Academy of Sciences, 63 are members of the National Academy of Engineering, and 33 are members of the Institute of Medicine.
The title of Institute Professor is the highest honor awarded by the faculty and administration at MIT.
The Alumni of MIT
During 2012–2013, 296 employers recruited in MIT Global Education and Career Development (GECD). Computer technology companies (27%), consulting (18%), financial services (15%), engineering (10%), and energy (7%) were the top five industries participating in on-campus recruiting and accounted for 77 percent of total recruiters.
Undergraduates after Graduation
- Twenty-three percent of 2013 bachelor's degree graduates found jobs through on-campus recruiting and MIT-sponsored job listings.
- Twenty-one percent found jobs through various networking venues, including MIT faculty and administrators, GECD contacts, and professional conferences.
- Fifteen percent had internships that led to a full-time job offer.
- Sixteen percent found jobs through a career fair.
- Seventy-nine percent of all graduating seniors completed internships while at MIT.
Fifty-seven percent of MIT undergraduates took jobs after graduation; 35 percent went on to graduate school. The top graduate school destinations were MIT, Harvard, Stanford, the University of California at Berkeley, New York University, Northwestern, Boston University, Cornell, Princeton, Carnegie Mellon, and the University of Chicago.
Graduate Students after Graduation
- Sixty-five percent of students graduating from MIT with an SM degree entered the work sector and 26 percent went on to graduate school.
- Eighty-two percent of those graduating with a Masters of Engineering degree entered the work sector and 15 percent went on to graduate school.
- Ninety-five percent of students with an MBA entered the work sector and one percent went on to graduate school.
- While 85 percent of PhD students planned to work after graduation, one percent continued their education. Of those with confirmed employment, 44 percent were postdoctoral positions.
The top employers for bachelor’s degree recipients were Google, Apple, Oracle, Accenture, Boeing, Microsoft, Morgan Stanley, Palantir, McKinsey, and Vecna. The top employers for master’s degree recipients were McKinsey, Amazon, Google, Oracle, US Navy, Schlumberger, Boston Consulting Group, US Air Force, Bain & Company, Microsoft, Apple, and Nike. The top employers for doctoral degree recipients were MIT, Harvard, McKinsey, Stanford, California Institute of Technology, Duke, Harvard Medical School, Intel, and Princeton.
MIT and the Community
MIT is an integral part of its host city of Cambridge, Massachusetts—a diverse and vibrant community noted for its intellectual life, history, and thriving business climate. With a campus nestled between the active Central and Kendall Squares, and across the Charles River from Boston's Innovation District, the Institute is in an optimal position to engage in collaborative endeavors with its neighbors and support the community.
MIT and Cambridge
The city’s approximately 105,000 residents, including more than 36,000 college and university students, rub shoulders within its 6.26 square miles. Cambridge is pedestrian and bicycle friendly, with 80 parks and playgrounds, six subway stations, a commuter rail line, 29 bus routes, multiple shuttles, 24 bike sharing stations, and numerous dedicated bicycle lanes, enabling visitors and students to get around the city and the MIT campus without a car.
Service to the Community
Since its founding, MIT has maintained a commitment to serving the local community as a resource for education and technology and as a good neighbor. The Institute actively supports nonprofit organizations that address local challenges by providing financial resources, volunteer engagement, the use of MIT facilities, and representation on boards and committees.
Students, faculty, and staff at MIT are involved in a broad range of volunteer activities in the community. The Institute's Public Service Center provides programming, guidance, information, and support to those interested in public service, and serves as a resource for both MIT and the community-at-large.
Economic Impact and Innovation Catalyst
MIT has a far-reaching impact on the economy of the region. The Institute is Cambridge's second largest employer and largest taxpayer, representing over 12% of the city’s revenue stream. MIT pays taxes on its commercial property and provides an annual payment in lieu of taxes (PILOT) for property that is used for academic purposes and is legally tax exempt. In fiscal year 2013, the Institute made a voluntary PILOT contribution of $2.2 million to the City of Cambridge and paid over $38.6 million in real estate taxes.
MIT is also a magnet for investment and fuels the innovation economy with the research, start-ups, and talent pool it generates. Kendall Square, at the eastern end of MIT's campus, is the seat of a growing innovation cluster in which MIT plays a catalyzing role, and the area has attracted offices of numerous life science and technology-related companies.
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