U of Richmond vs Massachusetts Institute of Technology (MIT)

When it comes to higher education, University of Richmond and Massachusetts Institute of Technology stand out as two distinct and prestigious institutions. With acceptance rates of 33% and 7%, respectively, they cater to different levels of academic competitiveness. While Richmond offers a liberal arts education with popular majors in business, social sciences, and humanities, MIT excels in STEM fields, boasting renowned programs in engineering, computer science, and physics. Their student bodies reflect these distinctions, with Richmond fostering a diverse community and MIT attracting a predominantly male and Asian population. Both universities boast impressive graduation rates, with Richmond at 88% and MIT at 94%, ensuring that students receive the support they need to succeed. To help you make an informed decision about your academic journey, we've compiled a comprehensive comparison table highlighting key differences between these two esteemed institutions. Dive in to discover which university aligns best with your aspirations and goals.

	Massachusetts Institute of Technology	University of Richmond
Overview
Location	Cambridge, Massachusetts	University of Richmond, Virginia
Campus setting	City: Midsize	City: Midsize
College type	4 year	4 year
Control/business model	Private (Non Profit)	Private (Non Profit)
Calendar system	4-1-4	Semester
Degrees offered	Undergraduate and Graduate	Undergraduate and Graduate
Students retention rate	99.0%	92.0%
Common app member	No	No
Religious affiliation

Admission
Acceptance rate	4.1%	28.8%
Application fees	Undergraduate: $75 Graduate: $75	Undergraduate: $50 Graduate: $50
SAT range	N/A	N/A
ACT range	N/A	N/A
Students submitting SAT score
Students submitting ACT score
Total number of applicants	33,240	13,955
Total number of admissions given out	1,365	4,015
Admitted students who chose to enroll	1,177	876
Yield rate	86.2%	21.8%
Test scores (SAT/ACT)	N/A	N/A
High school GPA	Not required	Required
Recommendation letters	Required	Required
High school transcript	Not required	Not required
English proficiency test (e.g. TOEFL)	Not required	Required

Tuition and Fees
Sticker price	$58,920	$74,590
Average net price	$30,958	$28,881
Tuition	$55,510	$58,570
Room & board	Room/dormitory: $11,550 Meal plan: $6,550	Room/dormitory: $6,550 Meal plan: $7,400
Available payment plans	Tuition payment plan	Prepaid tuition plan Tuition payment plan

Financial Aid
Students receiving financial aid (Grants & scholarships)	100.0% Average amount $32,562	61.0% Average amount $43,905
Students receiving federal student loan	6.0% Average amount $5,112	32.0% Average amount $4,957
Students taking out private loans	1.0% Average amount $17,891	4.0% Average amount $29,516

Students and Campus
Undergraduate students	4,638 Men 51.9% Women 48.1%	3,166 Men 46.8% Women 53.2%
Graduate students	7,296 Men 62.0% Women 38.0%	724 Men 38.5% Women 61.5%
Racial/ethnic diversity	Moderate	Low
Out-of-state students	N/A	81.9%
International students	29.2%	9.5%
Campus local/setting	City: Midsize	City: Midsize
Dormitory capacity	6,280	2,875
First year students are required to live on campus?	No	No
Top 5 states where most U.S. students come from	California Texas New York Florida New Jersey	Virginia New York New Jersey Connecticut Pennsylvania

Academics
Popular study areas	Engineering Business Computer and Information Science Architecture Mathematics and Statistics	Legal Profession Business Education Biological and Biomedical Sciences Social Sciences
Students to faculty ratio	3:1	8:1
Institutional accreditation	New England Commission on Higher Education	Southern Association of Colleges and Schools Commission on Colleges

Outcome
Graduation rate	96.2%	89.2%
Dropout rate	3.0%	10.6%
Transferred out	N/A	N/A
Alumni salary by major (Top 10)	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	Computer and Information Sciences, General (Bachelor's Degrees) Year 1: $68,711 Year 2: $74,157 Year 3: $88,040 Economics (Bachelor's Degrees) Year 1: $57,385 Year 2: $65,821 Year 3: $83,877 Human Resources Management and Services (Master's Degrees) Year 1: $54,362 Year 2: $63,005 Year 3: $75,249 Law (First Professional Degrees) Year 1: $58,083 Year 2: $59,858 Year 3: $73,682 Accounting and Related Services (Bachelor's Degrees) Year 1: $64,179 Year 2: $66,355 Year 3: $73,053 Business Administration, Management and Operations (Bachelor's Degrees) Year 1: $55,668 Year 2: $56,544 Year 3: $66,820 Educational Administration and Supervision (Graduate/Professional Certificates) Year 1: $54,058 Year 2: $57,705 Year 3: $59,253 Human Resources Management and Services (Bachelor's Degrees) Year 1: $46,998 Year 2: $38,829 Year 3: $57,966 Psychology, General (Bachelor's Degrees) Year 1: N/A Year 2: $40,281 Year 3: $49,992 Political Science and Government (Bachelor's Degrees) Year 1: $40,110 Year 2: $41,789 Year 3: $48,824

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