B-SCHOOL & PROGRAM BASICS
Massachusetts Institute of Technology is a private institution. Its undergrad business program was founded in 1914 and is accredited by AACSB
| Summer 2006 classes begin |
06/12/2006
|
| Fall 2006 classes begin |
09/06/2006
|
| Spring 2007 classes begin |
02/06/2007
|
| Summer 2007 classes begin |
06/11/2007
|
Enrollment
| Total undergraduate business school enrollment | 292 |
| Total full-time undergraduate business students | 292 |
| Total part-time undergraduate business students | 0 |
| Total distance undergraduate business students | N/A |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 47 |
| International students | 9 |
| Married students | N/A |
For U.S. schools only: |
| African American students | 6 |
| Alaskan Native of Pacific Islander American students | N/A |
| Asian American students | 24 |
| Mexican American students | N/A |
| Puerto Rican students | N/A |
| Other Hispanic American students | 10 |
| White (non-Hispanic) students | 39 |
| Multiethnic/Multiracial students | N/A |
| Not reported | 10 |
| Other | 2 |
North American students by region:
| Canada | N/A |
| Mid-Atlantic U.S. | 11 |
| Midwest U.S. | 9 |
| Northeast U.S. | 28 |
| South U.S. | 13 |
| Southwest U.S. | 9 |
| U.S. Possessions and territories | 1 |
| West U.S. | 16 |
N/A% of students are nationals of a country outside the U.S.
CLASS TRAITS: MOST RECENT ENTERING CLASS
| Required standardized tests |
SAT
|
SAT Scores for full-time entering business students
|
| Average
|
1477
|
| Median
|
1510
|
| Range (Middle 80%)
|
From 1370 to 1570
|
| Minimum SAT Score
|
N/A
|
| |
ACT Scores for full-time entering business students
|
| Average
|
32
|
| Median
|
33
|
| Range (Middle 80%)
|
From 30 to 35
|
| Minimum ACT Score
|
N/A
|
| |
| Minimum High School GPA |
N/A
|
| Does the school require an entrance exam? |
N/A
|
|
|
| Student Age (years) |
|
| Average |
18
|
| Median |
18
|
|
|
| For Internal Transfers |
|
| Minimum overall college GPA |
N/A
|
Additional application requirements
N/A
|
ADMISSIONS
| University Application fee (resident) | $65.00 |
| University Application fee (nonresident) | $65.00 |
| University Application fee (non-resident transfers) | $65.00 |
| |
| Business program application fee (freshman resident) | $N/A |
| Business program application fee (non-resident freshman) | $N/A |
| Business program application fee (internal transfers resident) | $N/A |
| Business program application fee (internal transfer non-resident) | $N/A |
N/A manages admissions to the business program
10,440 people applied to undergraduate programs for the 2005 academic year. The school accepted 14.00% (selectivity) of those applicants, and % of admitted applicants (yield) enrolled.
N/A% of applicants had applied in prior years, and of those reapplicants N/A% were accepted.
The university placed 469 applicant(s) on its wait list. 0 wait-listed applicants were admitted to the semester for which they applied.
Business program does not admit freshmen
Freshmen apply N/A
Internal transfers apply Declare business major
N/A freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
N/A% of these applicants were admitted to the program and N/A% of admitted students enrolled.
N/A% internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. N/A% were admitted to the program.
Applicant Profile
| Female applicants | 27 |
| International applicants | 22 |
Interviews for applicants are
recommended
Additional application requirements (including those for international students):
N/A
COSTS
Annual Total Program Costs
(including all tuition and required fees, for full-time students)
| Resident U.S. | $44,600.00 |
| Non-resident U.S. | $44,600.00 |
| Room and Board | $9,500.00 |
| Books | $1,100.00 |
| Other Expenses | $0 |
Tuition per credit hour (U.S. dollars)
| Resident | $505.00 |
| Nonresident | $505.00 |
2006-2007 DEADLINES
| University Application deadlines for: |
| Summer 2006 | N/A |
| Fall 2006 | 01/01/2006 |
| Spring 2007 | N/A |
| Summer 2007 | N/A |
|
| Business Program deadlines for: |
| Summer 2006 | N/A |
| Fall 2006 | N/A |
| Spring 2007 | N/A |
| Summer 2007 | N/A |
|
| Financial Aid deadlines for: |
| Summer 2006 | N/A |
| Fall 2006 | 03/01/2006 |
| Spring 2007 | N/A |
| Summer 2007 | N/A |
FINANCIAL AID
N/A manages financial aid for the business program
Total scholarship money distributed to business students through the financial aid office (June 30, 2004-June 30, 2005) $3,379,292.00
Total scholarship money to be distributed through the financial aid office (June 30, 2005-June 30, 2006) $2,992,638.00
Scholarships are awarded to students in the business program based on financial need
| Scholarships in the 2005-2006 academic year |
| Business students receiving scholarships | 144 |
| Business students receiving full-tuition scholarships | N/A |
| Need-based scholarships | 100.00% |
| Merit-based scholarships | 0% |
How do applicants apply for scholarships?
Each applicant must submit CSS Profile, Federal FAFSA, and supporting W2's and tax forms (parents')
The school does offer a guaranteed loan to all business students (regardless of nationality)
The maximum amount a business student can borrow per year is:
$44,600.00
The average outstanding debt among 2005 business program graduates is:
$8,279.00
CONTACTS
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