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Prodigy Finance - September 07, 2018
Ready to learn everything you need to know about engineering and STEM masters degrees at the School of Engineering at the Massachusetts Institute of Technology? You're in the right place!
MIT was founded in 1861 and is one of five prestigious universities in the Cambridge area. With some 88 nobel laureates to their credit, it’s not surprising this university pops up often in movies and television programmes.
Astronaut Buzz Aldrin and former UN Secretary General Kofi Annan are among grads and microchips, email, GPS, solar power, refined oil and nuclear fission are just a few of the inventions to come out of the school and the brains it houses.
Not only that, but all of this is found in the super popular city of Boston (well, close enough), which offers opportunities post-graduation as well as providing an amazing springboard for travel throughout the US and the world.
MIT fast facts
Private university
University enrollment: 11,466
Living alumni: 136,079
Graduate students: 6919
Engineering grad students: 3126
Engineering masters students: 1021
International students: 3338
International grad engineering students: 45.1%
Countries represented: 129
Most represented countries in engineering: China, India, Canada, South Korea, France
Where is MIT?
City: Cambridge, Massachusetts (MA)
City population: 110,651, with a metropolitan population of 4,682,910
Region: Northeast
Climate: Humid continental climate type: winters are cold and stormy (Jan mean: -1.7°C/29°F) with occasional periods of heavy snow; summers are warm and humid (Jul mean: 23°C/73.4°F)
Nearest airport: Boston Logan International Airport (BOS)
Time zone: EST from November-March (GMT -4); EDT from March to November (GMT-5)
Not only does U.S. News & World Report place MIT at the top of their grad school rankings for engineering, but plenty of their individual departments take the number one spot too.
No matter which branch of engineering you’re interested in, MIT is going to give you a top notch education.
Department
Rank
Degrees
Mean salary for CEE masters grads $81,507
7 civil / 11 enviro
MEng in Civil and Environmental Engineering
SM in Civil and Environmental Engineering
SM in Transportation
1
SM in Mechanical Engineering
SM in Ocean Engineering
SM in Naval Architecture and Marine Engineering
SM in Oceanographic Engineering
MEng in Manufacturing
One aspect that sets masters-level education at MIT apart from its competition is that as many as 11% of grads continue with education rather than securing employment. That said, the 81% that want to secure employment have no trouble finding it.
Top employers for MIT masters grads include: Amazon, McKinsey, Boston Consulting Group, Bain & Company, Deloitte, Facebook, Google, Apple, Ernst & Young, and Microsoft.
The school hosts a wide range of career fairs, from the general Fall Career Fair to the hyper-specific Department of Civil & Environment Engineering Career Fair.
And yet, the majority of grads (50%) secure their post-MIT employment through networking and other on-campus recruiting activities. Another 15% secure their jobs through their internship experiences which means you’ll want to spend some time considering your options for your first summer in the US.
As you would expect, the Career Services department at MIT offers everything you need to succeed - and employers are clearly willing to pay for the expertise MIT grads offer.
Of the masters grads that negotiated their salaries (30.1%), they managed to bring them up by an average of $6927. The 22.6% of those that negotiated their bonus, scored, on average, an extra $12,968.
MIT really has it together when it comes to providing a terrific on-campus experience for their international grad students.
There’s a huge range of on-campus housing options, from single rooms to 4-bedroom apartments, with just about everything in between. And, there are specific residences for grad students travelling with spouses or children.
In addition to the on-campus housing options (all of which are a short walk to classes and other campus facilities), finding off-campus options is easy with the comprehensive website and database. They even offer assistance in finding potential roommates.
Dining on-campus is relatively inexpensive for the area, with several choices of meal plans as well as a number of retail vendors operating throughout campus. You’ll never go hungry here - and, of course, you have all of Boston to explore if you want to try something new.
Alongside a vibrant student activities community, there are multiple fitness centres available - and at least one is open every day of the week. No matter what interests you have, you’re sure to find someone or somewhere to enjoy them.
Getting around is also easy, whether you’re walking through campus or headed out into the city using public transport; you’ll never have difficulty getting from point A to point B, even in winter.
There’s no way around it, MIT engineering has competitive admissions. At the moment, the engineering masters acceptance rate is under 25%. Getting in, however, doesn’t mean you need to have the best GRE marks out there (though that certainly won’t hurt).
The school makes no secret that they’re after applicants who want to get stuck in while thinking outside of the box. Curiosity and collaboration are key, so you’ll want to bring aspects of your story that display these traits to the fore in your statement of objectives. (That’s MIT speak for the standard Statement of Purpose (SOP) essay.)
Because the school values independent thinkers that aren’t afraid of their ideas - or working with others - it’s not a bad idea to illustrate just how you plan to make a mark on the world while remaining realistic in your goals. And, of course, you’ll want to keep these scores in mind when preparing for your standardised tests:
MIT Engineering admissions details
Fall admission deadline: varies by department
Application fee: $75
CV or resume: required
Statement of objectives: required
Recommendations: required, completed online
GRE test: required, minimum scores may be imposed by departments
Transcripts: required
Language test: required for all non-native English speakers; IELTS is preferred, TOEFL is accepted
MIT engineering cost of attendance (for 2017/18 academic year)
Tuition: $49,580
Student activity fee: $312
Housing (on campus): $8253 - $18,135
Meals (on campus): $3310 - $5150
Extended health insurance plan: $3000
Books and supplies: $2816
Food (off campus): $4634
Local transportation: $2736
Personal expenses: $5250
Total CoA for 1 year: $76,891 - $91,613
TIP: Want to check the admissions deadline for your department? You’ll find a complete list here.
At MIT, there aren’t a lot of scholarships or internal financial aid options for international students at the masters level. Individual departments may offer some assistantship positions, or scholarships.
Most forms of support are given on merit. You may find some aid granted based on need (perhaps in combination with merit), but it’s best to begin looking for external scholarships as early as possible.
Prodigy Finance offers loans for international masters students at the School of Engineering at the Massachusetts Institute of Technology.
Students from supported countries pursuing masters programmes that can be completed in less than 2 years are eligible to apply.
Prodigy Finance also supports loans for Massachusetts Institute of Technology students pursuing masters degrees in this school:
Ready to transform your future with a MS degree from MIT?
Prodigy Finance provides loans to international masters students pursuing their masters degrees at the School of Engineering at Massachusetts Institute of Technology.
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