Fashion Institute of Technology

www.fitnyc.edu

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    2024 Undergraduate Tuition
    $7,170
    2024 Average Net Price
    $16,340
    After Financial Aid
    2024 Acceptance Rate
    60.2%
    3,971 Applicants
    2024 Enrolled Students
    8,206
    86.6% Full-Time
    2024 Graduation Rate
    80.7%
    1,069 Graduates

    About

    Fashion Institute of Technology is a higher education institution located in New York County, NY. In 2024, the most popular Associates Degree concentrations at Fashion Institute of Technology were Fashion Merchandising (637 degrees awarded), Fashion & Apparel Design (357 degrees), and Communication Management And Strategic Communications (316 degrees).

    In 2024, 3,567 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 84.4% of these degrees were awarded to women, and 15.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,420 degrees), 1.89 times more than then the next closest race/ethnicity group, hispanic or latino (752 degrees).

    The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−16,830 less than the national average for Masters Colleges and Universities ($24,000).

    Photo by Eden, Janine and Jim
    Masters Colleges & Universities: Small ProgramsMasters Colleges and Universities

    Costs

    In 2024, the median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $16,830 less than the national average for Masters Colleges and Universities ($24,000).

    After taking grants and loans into account, the average net price for students is $16,340.

    In 2024, 46% of undergraduate students attending Fashion Institute of Technology received financial aid through grants. Comparatively, 30% of undergraduate students received financial aid through loans.

    Tuition Costs

    $7,170
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Fashion Institute of Technology was $7,170. The cost of tuition at Fashion Institute of Technology is $−16,830 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

    This chart compares the tuition costs of Fashion Institute of Technology (in red) with those of other similar universities.

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    Average Net Price

    $16,340
    2024 Value
    16.8%
    1 Year Growth

    In 2024 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $16,340. Between 2023 and 2024, the average net price of Fashion Institute of Technology grew by 16.8%.

    This chart compares the average net price of Fashion Institute of Technology (in red) with that of other similar universities.

    Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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    Other Student Expenses

    $26,312
    Room and Board
    $1,850
    Books and Supplies

    The average yearly cost of room and board at Fashion Institute of Technology was of $26,312 in 2024. The cost of room and board decreased by 2.55% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,850. The cost of books and supplies did not change during the same period.

    This chart compares the average student costs at Fashion Institute of Technology (in red) with that of similar universities.

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    Financial Aid by Income Level

    46%
    Undergraduates Receiving Financial Aid through Grants
    30%
    Undergraduates Receiving Financial Aid through Loans

    46% of undergraduate students at Fashion Institute of Technology received financial aid through grants or loans in 2024. This represents a decline of 2.13% with respect to 2023, when 47% of undergraduate students received financial aid.

    This chart compares the average award discount at Fashion Institute of Technology (in red) with that of other similar universities.

    The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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    Admissions

    Fashion Institute of Technology received 3,971 undergraduate applications in 2024, which represents a 8.21% annual growth. Out of those 3,971 applicants, 2,392 students were accepted for enrollment, representing a 60.2% acceptance rate.

    There were 8,206 students enrolled at Fashion Institute of Technology in 2024.

    Fashion Institute of Technology has an overall enrollment yield of 55.8%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    60.2%
    Acceptance Rate in 2024
    2,392
    Accepted Out of 3,971

    In 2024, the undergraduate acceptance rate of Fashion Institute of Technology was 60.2% (2,392 admissions from 3,971 applications). This is higher than the acceptance rate of 2023, which was 57.6%. Between 2023 and 2024, the number of applicants declined by 8.21%, while admissions declined by 4.01%.

    This chart compares the acceptance rate of Fashion Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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    Enrollment

    Fashion Institute of Technology had a total enrollment of 8,206 students in 2024. The full-time enrollment at Fashion Institute of Technology is 7,103 students and the part-time enrollment is 1,103. This means that 86.6% of students enrolled at Fashion Institute of Technology are enrolled full-time.

    The enrolled student population at Fashion Institute of Technology, both undergraduate and graduate, is 37.3% White, 22.9% Hispanic or Latino, 13.1% Asian, 8.46% Black or African American, 4.84% Two or More Races, 0.158% American Indian or Alaska Native, and 0.134% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are most commonly White Female (31.5%), followed by Hispanic or Latino Female (18.8%) and Asian Female (11%). Students enrolled in full-time Graduate programs are most commonly White Female (26.8%), followed by Asian Female (9.66%) and White Male (7%).

    Full-Time vs Part-Time Enrollment

    86.6%
    Full-Time Enrollment

    The total enrollment at Fashion Institute of Technology in 2024, both undergraduate and graduate, is 8,206 students. The full-time enrollment at Fashion Institute of Technology is 7,103 and the part-time enrollment is 1,103. This means that 86.6% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

    This chart shows the full-time vs part-time enrollment status at Fashion Institute of Technology (in red) compares to similar universities.

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    Retention Rate over Time

    91%
    2024 Retention Rate

    Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Fashion Institute of Technology was 91%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Fashion Institute of Technology had a retention rate higher than its peers.

    This chart shows the retention rate over time at Fashion Institute of Technology (highlighted in red) compares to similar universities.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      3,057 enrolled students
    2. Hispanic or Latino
      1,882 enrolled students
    3. Asian
      1,073 enrolled students

    The enrolled student population at Fashion Institute of Technology is 37.3% White, 22.9% Hispanic or Latino, 13.1% Asian, 8.46% Black or African American, 4.84% Two or More Races, 0.158% American Indian or Alaska Native, and 0.134% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 47.4% White, 18.8% Hispanic or Latino, and 13.6% Black or African American.

    Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 41 students (0.5%) did not report their race.

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    Graduates

    In 2024, 2,451 more women than men received degrees from Fashion Institute of Technology. The most common race/ethnicity group of degree recipients at Fashion Institute of Technology is white (1,420 degrees awarded). There were 1.89 times more white recipients than the next closest race/ethnicity group, hispanic or latino (752 degrees).

    The most common Associates Degree concentration at Fashion Institute of Technology is Fashion Merchandising (637 degrees awarded), followed by Fashion & Apparel Design (357 degrees) and Communication Management And Strategic Communications (316 degrees).

    In 2024,  the most specialized majors across all degree types at Fashion Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (1,578 degrees awarded), Communications (570 degrees), and Human Sciences (118 degrees).

    Common Jobs by Major

    Accountants & auditors
    Most Common Job

    The most common jobs for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Accountants & auditors (1,039,933 people), Other managers (922,353 people), Financial managers (557,164 people), Chief executives & legislators (462,433 people), and Elementary & middle school teachers (338,175 people).

    The most specialized majors at Fashion Institute of Technology in 2024 are Visual & Performing Arts (1,578 degrees awarded), Communications (570 degrees), Human Sciences (118 degrees), Business (1,264 degrees), and Communication Technologies (25 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Agents & business managers of artists, performers, & athletes
    Highest Paying Job

    The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Agents & business managers of artists, performers, & athletes, Surgeons, Physicians, Nuclear medicine technologists and medical dosimetrists, and Securities, commodities, & financial services sales agents

    The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,578 degrees awarded), Communications (570 degrees), Human Sciences (118 degrees), Business (1,264 degrees), and Communication Technologies (25 degrees) (as of 2024).

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    Common Industries by Major

    Elementary & secondary schools
    Most Common Industry

    The most common industries for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Elementary & secondary schools (903,339 people), Computer Systems Design (740,248 people), Colleges, universities & professional schools, including junior colleges (606,028 people), Banking & related activities (497,447 people), and Construction (489,579 people).

    The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,578 degrees awarded), Communications (570 degrees), Human Sciences (118 degrees), Business (1,264 degrees), and Communication Technologies (25 degrees) (as of 2024).

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    Majors Awarded

    IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Fashion Institute of Technology.
    Most Common (2024)
    1. Fashion Merchandising
      637 degrees awarded
    2. Fashion & Apparel Design
      357 degrees awarded
    3. Communication Management And Strategic Communications
      316 degrees awarded

    In 2024, the most common associates degree concentration at Fashion Institute of Technology was Fashion Merchandising with 637 degrees awarded.

    This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Fashion Institute of Technology according to their major.

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    Sex Breakdown for Common Majors

    558
    Degrees Awarded to Men
    in 2024
    3,009
    Degrees Awarded to Women
    in 2024

    In 2024, 558 degrees were awarded to men at Fashion Institute of Technology, which is 0.185 times less than the number of degrees awarded to females (3,009).

    This chart displays the sex disparity between the top 5 majors at Fashion Institute of Technology by degrees awarded.

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    Most Common Male Majors

    In 2024, 140 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.155 times less than the 902 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 902 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 6.44 times more than the 140 male recipients with that same degree.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      1,420 degrees awarded
    2. Hispanic or Latino
      752 degrees awarded
    3. Asian
      462 degrees awarded

    The most common race/ethnicity at Fashion Institute of Technology is white (1,420 degrees awarded). There were 1.89 times more white recipients than the next closest race/ethnicity group, hispanic or latino (752 degrees).

    0.392% of degree recipients (14 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Female
      1,698 degrees awarded
    2. White Female
      1,627 degrees awarded
    3. White Female
      1,613 degrees awarded

    The most common race/ethnicity and sex grouping at Fashion Institute of Technology is white female (1,698 degrees awarded). There were 1.04 times more white female recipients than the next closest race/ethnicity group, white female (1,627 degrees).

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    Operations

    Fashion Institute of Technology has an endowment valued at nearly $57.1M, as of the end of the 2024 fiscal year. The return on its endowment was of 5.05M (8.83%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

    In 2024, Fashion Institute of Technology had a total salary expenditure of 252M. Fashion Institute of Technology employs 95 Assistant professors, 64 Associate professors and 53 Professors. Most academics at Fashion Institute of Technology are Female Assistant professor (59), Male Assistant professor (36), and Female Associate professor (35).

    The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 197 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 82 employees, and Business and Financial Operations with 73 employees.

    Endowment

    $57.1M
    2024 Endowment
    11.2%
    growth from 2023

    Fashion Institute of Technology has an endowment valued at about $57.1M, as of the end of the 2024 fiscal year. The endowment of Fashion Institute of Technology grew 11.2% from the previous year. The value of their endowment was $11.2M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

    This line chart shows how the endowment at Fashion Institute of Technology (in red) compares to that of some similar universities.

    The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

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    Salary Expenditure

    $126M
    2024 Salaries
    15.2%
    growth from 2023

    In 2024, Fashion Institute of Technology paid a median of $126M in salaries, which represents 50% of their overall expenditure ($252M) and a 15.2% growth from the previous year. This is compared to a 11% decline between 2022 and 2023, and a 14.8% growth between 2021 and 2022.

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    Instructional Salaries

    $26.1M
    Instructional Salaries
    212
    Number of Employees

    In 2024, Fashion Institute of Technology paid a total of $26.1M to 212 employees working as instructors, which represents 20.7% of all salaries paid.

    This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 197 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 82 employees, and Business and Financial Operations with 73 employees.

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