The Massachusetts Institute of Technology was incorporated by the Commonwealth of Massachusetts on 10th April, 1961, but it was only in 1965 that the institute opened its doors for students. Since its inception, the MIT has had a phenomenal growth spanning across various streams. Be it research facilities or teaching aids or hostel dormitories, the MIT has progressed to become a truly global institute offering exceptional services.Over the years, the MIT has continued on its path of glory with a single aim of advancing knowledge and educating students to become exemplary leaders. Presently, MIT has five schools which encompass numerous academic departments, divisions, and degree programs.
The educational facilities of the institute are determined by the in-house teachers as per their demands. This ascertains that the students, at all times, experience and use the latest of tools and technology to improve their skills. Presently, the institute has 11840 full time employees comprising of 1021 professors and 809 junior teaching staff.MIT has the distinction of employing more than 80 Nobel Laureates, and other awardees.
Such is the repute of the institute that every year more than 18,000 applicants apply but only 8% of them receive the final offer of admission. The university, currently offers 46 major and 49 minor programs at the undergraduate level. It has been part of the MIT’s ethos to remove the financial barrier and empower students with weak economic background to succeed. The average financial aid offered by the institute is around $34,551. MIT is a place of extraordinary interactions. It's a setting where people and ideas come together in new ways – illuminating mysteries, making sparks fly, and fostering intellectual breakthroughs.