- Bachelor in Economics at Massachusetts Institute of Technology(MIT) is a 4-year program.
- The program is offered full-time.
- This program is delivered on-campus.
- Economics is the study of human behaviors aimed at finding solutions to help improve people’s lives.
- MIT ranks #1 in the world among the other universities by US News Rankings 2020.
- The study of economics can lead to many fulfilling and interesting career choices. While many graduates go on to jobs in finance, banking, or government, economics has many more facets and potential career paths.
- The Undergraduate Economics Association (UEA) provides an informal forum for students to meet and explore various topics with faculty.
- The student to faculty ratio in this program is 3:1 which increases the interaction between students and faculty.
- Classes with fewer than 20 students in this program are 70.8% which creates an environment suitable to acquire knowledge.
- The average salary of the graduates after getting placed is 73,993 USD.
Massachusetts Institute Of Technology - [MIT], Massachusetts, Cambridge - Courses & Fees
Cambridge, Massachusetts
University Private (Not for Profit) College$58,836/Yr
$58,836 /Yr
Important Dates
| Event | End Date |
| Early Action Application Deadline For 2024 Intake | Nov 1, 2023 |
| Regular Action Application Deadline For 2024 Intake | Jan 5, 2024 |
Fees & Funding
Tution & Application Fees
| Year | Year 1 | Year 2 | Year 3 | Year 4 |
| Tuition Fees | $57590 | $57590 | $57590 | $57590 |
| Books and supply | $850 | $850 | $850 | $850 |
| Other Fees | $396 | $396 | $396 | $396 |
| Total Fees | $58836 | $58836 | $58836 | $58836 |
Living Costs
| Head | Avg Cost Per Year |
| Housing | $11980 |
| Personal Expenses | $2224 |
| Food | $6810 |
Eligibility & Entry Requirement
Academic Eligibility:
- Students should have concluded their secondary education and wish to pursue a bachelor’s degree as a full-time university student.
- Students may apply during or after their final year of secondary education but may not apply using the first-year application if they have already matriculated to another degree-granting institution.
Others:
- MIT admissions counselors are trained to understand the educational system in your part of the world. The university recommends that all international students study:
- Four years of English
- Mathematics, at least to the level of calculus
- Two or more years of history/social studies
- Biology
- Chemistry
- Physics
- The above subjects are not compulsory but they add an extra value while applying for this program.
Transfer Students:
- For spring entry (February), the university must receive the student final application with all supporting documents by November 15.
- For fall entry (September), the university must receive the student final application with all supporting documents by March 15.
- The International students may apply for September entry only.
- One evaluation should be from a math or science instructor, and the other two should be from any instructors who know the student well. The university will find that the best recommendations are written by professors who know an applicant well as both a student and a person.
- The students are also welcomed (but not required) to submit two supplemental letters of recommendation from high school teachers, employers, etc.
English Language Proficiency Scores:
- The students whose official language is not English are required to submit the ELP(English Language Proficiency) Scores.
- TOEFL scores are to be submitted and the should clear the cut-off( iBT – 90, PBT – 600) to get into this program.
- These Scores are evaluated along with SAT or ACT exam scores which are submitted.
Exam Requirments:
Required Document List
- Online Application: Students have to submit an online application form at the official website.
- Application Fee: Students need to submit their application fees.
- Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- Letters of Recommendation: Three letters of recommendation are required.
- Official GRE Test Scores: Students have to submit their GRE Test Scores.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.
Career and Placement after Course
Career opportunities are:
- Actuarial Science
- Finance.
- Indian Economic Services (IES).
- Law.
- Economics and Its Related Disciplines.
- Rural Development and Public Policy.
- Management.
- Consulting.
Scholarship Grants & Financial Aids
| Name | Amount | International Students Eligible | Application Deadline |
| BrokerFish International student scholarship | $1000 | Yes | N/A |
| Debesh Kamal Scholarship | $1385 | Yes | N/A |
| Hani Zeini Scholarship | $1000 | Yes | N/A |
| Ritchie-Jennings Memorial Scholarship Program | Variable | Yes | Feb 6, 2023 |
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