Franklin W Olin College of Engineering vs Massachusetts Institute of Technology (MIT)

Franklin W Olin College of Engineering and Massachusetts Institute of Technology (MIT) stand out as two of the most prestigious engineering schools in the United States, each offering a unique educational experience. Olin, a small, private institution, boasts a highly selective admissions process with an acceptance rate of only 13%, while MIT, a larger, public research university, has a slightly higher acceptance rate of 7%. Both schools offer a rigorous engineering curriculum, but Olin emphasizes hands-on learning and project-based coursework, while MIT is known for its strong research focus and extensive course offerings. Olin's student body is significantly smaller and more diverse than MIT's, with a higher percentage of female and international students. While MIT offers a wider range of majors, Olin focuses exclusively on engineering, ensuring that its students receive a well-rounded education in the field. Both institutions boast impressive graduation rates, with Olin's four-year graduation rate at 88% and MIT's six-year graduation rate
Franklin W Olin College of Engineering logo

Franklin W Olin College of Engineering

Massachusetts Institute of Technology logo

Massachusetts Institute of Technology

Overview

Location Needham, Massachusetts Cambridge, Massachusetts
Campus setting Suburb: Large City: Midsize
College type 4 year 4 year
Control/business model Private (Non Profit) Private (Non Profit)
Calendar system Semester 4-1-4
Degrees offered Undergraduate Undergraduate and Graduate
Students retention rate 100.0% 99.0%
Common app member Yes No
Religious affiliation

Admission

Acceptance rate 18.0% 4.1%
Application fees $85
Undergraduate: $75

Graduate: $75
SAT range 1490 - 1580 N/A
ACT range 34 - 35 N/A
Students submitting SAT score 41.0%
Students submitting ACT score 23.0%
Total number of applicants 907 33,240
Total number of admissions given out 163 1,365
Admitted students who chose to enroll 91 1,177
Yield rate 55.8% 86.2%
Test scores (SAT/ACT) N/A N/A
High school GPA Required Not required
Recommendation letters Required Required
High school transcript Not required Not required
English proficiency test (e.g. TOEFL) Not required Not required

Tuition and Fees

Sticker price $73,649 $58,920
Average net price $36,494 $30,958
Tuition $55,612 $55,510
Room & board $17,984
Room/dormitory: $11,550

Meal plan: $6,550
Available payment plans
  • Tuition payment plan
  • Tuition payment plan

Financial Aid

Students receiving financial aid

(Grants & scholarships)

100.0%
Average amount $38,069
100.0%
Average amount $32,562
Students receiving federal student loan 23.0%
Average amount $4,382
6.0%
Average amount $5,112
Students taking out private loans 2.0%
Average amount $33,500
1.0%
Average amount $17,891

Students and Campus

Undergraduate students 382
Men 47.9% Women 52.1%
4,638
Men 51.9% Women 48.1%
Graduate students N/A 7,296
Men 62.0% Women 38.0%
Racial/ethnic diversity
Moderate
Moderate
Out-of-state students N/A N/A
International students 8.4% 29.2%
Campus local/setting Suburb: Large City: Midsize
Dormitory capacity 363 6,280
First year students are required to live on campus? No No
Top 5 states where most U.S. students come from N/A California Texas New York Florida New Jersey

Academics

Popular study areas
  • Engineering
  • Engineering
  • Business
  • Computer and Information Science
  • Architecture
  • Mathematics and Statistics
Students to faculty ratio 8:1 3:1
Institutional accreditation New England Commission on Higher Education New England Commission on Higher Education

Outcome

Graduation rate 97.4% 96.2%
Dropout rate 2.6% 3.0%
Transferred out N/A N/A
Alumni salary by major (Top 10)
Engineering, General (Bachelor's Degrees)
  • Year 1: $91,352
  • Year 2: $75,706
  • Year 3: $104,429
Mechanical Engineering (Bachelor's Degrees)
  • Year 1: N/A
  • Year 2: $78,343
  • Year 3: $79,692
Electrical, Electronics and Communications Engineering (Bachelor's Degrees)
  • Year 1: N/A
  • Year 2: $76,460
  • Year 3: N/A
Electrical, Electronics and Communications Engineering (Master's Degrees)
  • Year 1: $144,716
  • Year 2: $150,045
  • Year 3: $183,153
Business/Commerce, General (Master's Degrees)
  • Year 1: $170,089
  • Year 2: $165,236
  • Year 3: $182,183
Computer Science (Bachelor's Degrees)
  • Year 1: $118,191
  • Year 2: $127,993
  • Year 3: $163,496
Mathematics (Bachelor's Degrees)
  • Year 1: $82,796
  • Year 2: $117,572
  • Year 3: $155,540
Systems Engineering (Master's Degrees)
  • Year 1: $133,685
  • Year 2: $137,214
  • Year 3: $155,079
Electrical, Electronics and Communications Engineering (Bachelor's Degrees)
  • Year 1: $104,229
  • Year 2: $121,226
  • Year 3: $139,548
Electrical, Electronics and Communications Engineering (Doctoral Degrees)
  • Year 1: $141,603
  • Year 2: $126,504
  • Year 3: $132,987
Mechanical Engineering (Doctoral Degrees)
  • Year 1: N/A
  • Year 2: $112,885
  • Year 3: $124,425
Mechanical Engineering (Master's Degrees)
  • Year 1: $135,266
  • Year 2: $111,435
  • Year 3: $112,404
Aerospace, Aeronautical and Astronautical Engineering (Master's Degrees)
  • Year 1: $109,955
  • Year 2: $104,749
  • Year 3: $109,672

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