What is the Salary of MIT Students?
Massachusetts Institute Of Technology has been my academic home for decades, and in this duration, I have observed hundreds of students who started their careers as nothing but in later life come up with incredible start-ups. I have taught more than 500 students at MIT and believe I have seen not a single one fail in his academic, social, personal, or professional life. MIT chooses only the sharp minds that need a jack-up, and then they become unstoppable.
No doubt, MIT students are more than excellent and genius hard-working, but a question arises of how much they get paid when they join a profession. Well, it is not a simple question; one needs comprehensive research on the students’ fields and their professions, then their salaries. Because I have spent a considerable duration at MIT, I can guide you perfectly on what the salary of MIT students is.
Starting with the uniqueness of MIT, it is an institute purely made for practical and applied sciences to develop more and more innovative technology. The university is one of the best and on the top of the QS ranking of the universities. It is a part of the Cambridge University Campus of Massachusetts but has independent faculty and building.
MIT is the U.S. best university, and in terms of world ranking, sometimes it goes to #2 or #3 depending on the tough competition among intelligent minds all around the world. The university is known for its successful alumni, world leaders who studied here, and impressive faculty members such as Sir Noam Chomsky or Liang Fu, the best researcher in the world.
Another major thing is that the university played a pivotal role in shaping the history of the world by initiating multiple projects such as the Manhattan Project or the Apollo Mission. It gave the world intelligent, political, scientific, and philosophical minds that change the destiny of the global circumstances.
All this indicates that the university is something different; it is a monster among beasts or a god among superheroes. Now, the last thing is that students need to work 13 to 14 hours a day in which they attend classes, prepare assignments, take part in their studies, and solve problems. After all the hardships and becoming experts in their fields, the salaries are higher when they try to find a job than normal people.
Graduate Student Salary
You can understand the importance of the university, but still, there is something left. MIT is a highly selective university that has only a 4% ratio of acceptance, which means 4 students out of 100 are accepted here.
That is because of the high expectations and difficult merit list of the university. First, It is very complicated to get admission, and if luck is in your favor, then you will have a tough time during the classes.
There are very few chances that the MIT student will fail in his career because the university trains students in a different manner. Anyhow, the overall salary depends upon the field and the student’s scores, but according to an estimation, an MIT graduate gets $93,700 yearly at the entry level. The salary may be low or high according to the trends of the field and the climate calamities.
The interesting fact is that the amount you have seen above is for the entry-level, and as the students spend more time in the field or in an organization, their salaries increase. For example, the expected salary after ten years of graduation is about $142,100 yearly. However, there is a difference between the salaries of engineers, mathematicians, and physicists.
Post Graduate Student Salary
Completing a graduation program from MIT is a reward, but if you have done your master’s from the institute, then all doors of opportunities open for you. MIT master’s programs are the toughest as compared to other universities all around the world. That is because of achieving high accuracy in research, completing the research in a given duration, and the mentioned budget.
MIT postgraduate programs are different from other institutes because, in these courses, the students have to focus on developing research rather than studying the theoretical data about their topics. That’s why MIT selects only students with high research spirit and the utmost knowledge.
Anyhow, the MIT postgraduate earns more than the average population of the U.S. According to an estimation, an MIT postgraduate takes $116,000 to $120,000 yearly. The salary depends upon a list of factors in which the organization sees your scores, the accuracy of research, and experience.
Table Of Major MIT Graduate Program Salaries
Major | Earnings |
---|---|
Business/Commerce (Master’s Degree) | $153,200 |
Electrical, Electronics, and Communications Engineering (Master’s Degree) | $143,300 |
Systems Engineering (Master’s Degree) | $130,600 |
Mathematics (Bachelor’s Degree) | $120,300 |
Computer Science (Bachelor’s Degree) | $118,100 |
Electrical, Electronics, and Communications Engineering (Bachelor’s Degree) | $116,600 |
Mechanical Engineering (Master’s Degree) | $108,700 |
Electrical, Electronics, and Communications Engineering (Doctoral Degree) | $108,300 |
Mechanical Engineering (Doctoral Degree) | $103,100 |
Business/Commerce (Bachelor’s Degree) | $88,700 |
Aerospace, Aeronautical and Astronautical Engineering (Bachelor’s Degree) | $80,100 |
Chemical Engineering (Bachelor’s Degree) | $78,200 |
Mechanical Engineering (Bachelor’s Degree) | $75,100 |
Physics (Bachelor’s Degree) | $73,900 |
Civil Engineering (Master’s Degree) | $71,100 |
Chemistry (Doctoral Degree) | $66,700 |
City/Urban, Community and Regional Planning (Master’s Degree) | $65,300 |
Materials Engineering (Bachelor’s Degree) | $64,300 |
Biomedical/Medical Engineering (Bachelor’s Degree) | $62,600 |
Architecture (Master’s Degree) | $58,100 |
Biology (Doctoral Degree) | $55,900 |
Biology (Bachelor’s Degree) | $36,700 |
Does MIT Pay Its Students?
No, MIT does not pay its students, but there are a few ways to earn the money. You can find the Work-Study program in which the student will get a job and will also study. The salaries are not high, but they will help you manage the basic expenses.
Another way to earn is by joining the apprenticeship of the researchers. They are required students to participate in their research for assistance purposes. Another last way to get paid is by teacher apprenticeship, which will pay you a better salary; in this job, you will work as an assistant to the teacher and perform different duties such as gathering data or maintaining the classroom.
Do MIT students get good jobs?
MIT is a well-known university all around the world. The students of MIT always get a good position in organizations or firms because of their past tough environment; they win at every stage.
How do I join MIT?
To join MIT, the student must take the SAT designed by the institute and pass other assessments. If the student fulfills the criteria for admission, he will get MIT admission.
Is MIT free for international students?
MIT is not 100% free for international students, but the fellowship at MIT will provide you with a partial or full tuition fee.
MIT is an educational institute near a river and a place where passion and intelligence meet to create something extraordinary. The institute is responsible for creating the most genius guys in the world who can fit in all kinds of circumstances. And when it comes to salaries, MIT graduates and doctors win the race by taking more money than an average American earns yearly.
Disclaimer & Thanks: Before I end this article, I would like to thank Connor Gillivan, who helped me collect data related to MIT for this article on “What is the Salary of MIT Students?”. Connor is an incredible guy, and as an MIT graduate, he knows the ins and outs of MIT. His knowledge helped me collect facts about MIT and interview multiple other students.