How much does 4 years of MIT cost?
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2 Answers
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It can be very expensive to attend the Massachusetts Institute of Technology (MIT) for four years. Living expenses, tuition, and fees are all included in the overall cost. According to the academic year 2024–2025, MIT charges an undergraduate tuition of about $61,000 per year, plus an extra $2,200 in required fees. An additional $20,000 is usually spent on-campus living and eating, and between $83,000 to $85k is spent annually on books, supplies, personal expenses, and health insurance. In four years, that comes to about $330,000 to $340,000. MIT, however, provides substantial financial aid and is dedicated to affordability.
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Students need to consider tuition, dining, housing, and other expenses like books, supplies, and personal expenses while factoring in the total MIT cost. Check MIT fees for undergraduate students from the table given below:
Expense
Cost
Tuition
USD 59,750
Student life fee
USD 406
Housing
USD 12,380
Food
USD 7,010
Books, course materials, supplies & equipment
USD 880
Personal expenses
USD 2,304
Total
USD 82,730
Note: This budget does not include travel expenses as they will be based on personal address of a student.
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Yes, the Caltech acceptance rate stands at 3%. while the Massachusetts Institute of Technology acceptance rate is 4.52% giving students a marginally better chance of admission.
Interested applicants must stand out among their peers both academically and non-academically, across every level of studies and submit a standout application to have the best possible chance of admission.
The MIT admission committee will review the application based on academic achievements and other factors. Applicants will get an official email from them whether their application is selected or rejected. Mentioned below is the list of documents required to complete the MIT application process for MBA admission:
- Academic transcripts
- LORs
- SOP
- GRE test scores
- TOEFL or IELTS scores
- Transcripts
- CV or resume
An MBA at MIT is a postgraduate degree popular for a comprehensive understanding of subjects like Business and Management. The programme is ideal for aspiring global leaders, entrepreneurs, and innovators, people who are seeking career advancement in Consulting and Finance career changers. The university delivers various specializations for the course. Some popular specializations for MBA at MIT are given below:
- Business Analytics
- Finance
- Integrated Design and Management
- Management Studies
- Operational Research
- Global Operations
International students willing to study MBA at the Massachusetts Institute of Technology must deal with a broad range of subjects relevant to Business decisions, accounting and finance. They can expect the fields such as Data Models and Decisions, Communication for Leaders, Organizational Process, and more. The year-wise curriculum is discussed below:
Year | Syllabus |
|---|---|
Year 1 | Core:
Elective:
|
Year 2 | Certificate Options:
Thesis, Dual and Joint Programs |
Yes, the Massachusetts Institute of Technology offers 9-month to 3-year MBA programs to international students. The university offers various specializations, such as Business Analytics, Finance, Integrated Design and Management, Management Studies, Operational Research, Global Operations, and more. Students must complete their curriculum to complete their degrees.
The first year includes some mandatory courses along with the elective. Some fundamental core courses are Leadership Challenges for an Inclusive World, Data Models and Decisions, Communication for Leaders, Organizational Process, and more. The second year includes certificate
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