Franklin W Olin College of Engineering

www.olin.edu

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2024 Undergraduate Tuition
$61,772
3% growth from 2023
2024 Average Net Price
$43,184
After Financial Aid
2024 Acceptance Rate
25.2%
1,000 Applicants
2024 Enrolled Students
405
92.8% Full-Time
2024 Graduation Rate
96.4%
80 Graduates

About

Franklin W Olin College of Engineering is a higher education institution located in Norfolk County, MA. In 2024, the most popular Bachelors Degree concentrations at Franklin W Olin College of Engineering were General Engineering (52 degrees awarded), Mechanical Engineering (29 degrees), and Electrical & Electronics Engineering (21 degrees).

In 2024, 102 degrees were awarded across all undergraduate and graduate programs at Franklin W Olin College of Engineering. 45.1% of these degrees were awarded to women, and 54.9% awarded men. The most common race/ethnicity group of degree recipients was white (49 degrees), 2.58 times more than then the next closest race/ethnicity group, asian (19 degrees).

The median undergraduate tuition at Franklin W Olin College of Engineering is $61,772, which is $46,063 more than the national average for Special Focus Institutions ($15,710).

Special Focus Four-Year: Engineering SchoolsSpecial Focus Institutions

Costs

In 2024, the median undergraduate tuition at Franklin W Olin College of Engineering is $61,772, which is $46,063 more than the national average for Special Focus Institutions ($15,710).

After taking grants and loans into account, the average net price for students is $43,184.

In 2024, 92% of undergraduate students attending Franklin W Olin College of Engineering received financial aid through grants. Comparatively, 25% of undergraduate students received financial aid through loans.

Tuition Costs

$61,772
2024 Undergraduate Tuition

In 2024, the cost of tuition at Franklin W Olin College of Engineering was $61,772. The cost of tuition at Franklin W Olin College of Engineering is $46,063 more than than the overall (public and private) national average for Special Focus Institutions ($15,710).

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Average Net Price

$43,184
2024 Value
6.97%
1 Year Growth

In 2024 Franklin W Olin College of Engineering had an average net price — the price paid after factoring in grants and loans — of $43,184. Between 2023 and 2024, the average net price of Franklin W Olin College of Engineering grew by 6.97%.

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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

$19,820
Room and Board
$216
Books and Supplies

The average yearly cost of room and board at Franklin W Olin College of Engineering was of $19,820 in 2024. The cost of room and board increased by 7% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $216. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

92%
Undergraduates Receiving Financial Aid through Grants
25%
Undergraduates Receiving Financial Aid through Loans

92% of undergraduate students at Franklin W Olin College of Engineering received financial aid through grants or loans in 2024. This represents a decline of 1.08% with respect to 2023, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin W Olin College of Engineering (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

Franklin W Olin College of Engineering received 1,000 undergraduate applications in 2024, which represents a 7.76% annual growth. Out of those 1,000 applicants, 252 students were accepted for enrollment, representing a 25.2% acceptance rate.

There were 405 students enrolled at Franklin W Olin College of Engineering in 2024. 25% of first-time enrollees submitted SAT scores with their applications.

Franklin W Olin College of Engineering has an overall enrollment yield of 43.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

25.2%
Acceptance Rate in 2024
252
Accepted Out of 1,000

In 2024, the undergraduate acceptance rate of Franklin W Olin College of Engineering was 25.2% (252 admissions from 1,000 applications). This is higher than the acceptance rate of 2023, which was 21.7%. Between 2023 and 2024, the number of applicants grew by 7.76%, while admissions grew by 25.4%.

This chart compares the acceptance rate of Franklin W Olin College of Engineering (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

25%
Submission Percentage (2024)
27
Scores Submitted (2024)

25% of enrolled first-time students at Franklin W Olin College of Engineering in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Franklin W Olin College of Engineering had a total enrollment of 405 students in 2024. The full-time enrollment at Franklin W Olin College of Engineering is 376 students and the part-time enrollment is 29. This means that 92.8% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time.

The enrolled student population at Franklin W Olin College of Engineering, both undergraduate and graduate, is 41.7% White, 22.7% Asian, 11.9% Hispanic or Latino, 7.65% Two or More Races, and 1.98% Black or African American.

Students enrolled at Franklin W Olin College of Engineering in full-time Undergraduate programs are most commonly White Male (22.6%), followed by White Female (19.4%) and Asian Female (11.7%).

Full-Time vs Part-Time Enrollment

92.8%
Full-Time Enrollment

The total enrollment at Franklin W Olin College of Engineering in 2024, both undergraduate and graduate, is 405 students. The full-time enrollment at Franklin W Olin College of Engineering is 376 and the part-time enrollment is 29. This means that 92.8% of students enrolled at Franklin W Olin College of Engineering are enrolled full-time compared with 71.4% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Franklin W Olin College of Engineering (in red) compares to similar universities.

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Retention Rate over Time

98%
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 Franklin W Olin College of Engineering was 98%. Compared with the full-time retention rate at similar Special Focus Institutions (75%), Franklin W Olin College of Engineering had a retention rate higher than its peers.

This chart shows the retention rate over time at Franklin W Olin College of Engineering (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)
  1. White
    169 enrolled students
  2. Asian
    92 enrolled students
  3. Hispanic or Latino
    48 enrolled students

The enrolled student population at Franklin W Olin College of Engineering is 41.7% White, 22.7% Asian, 11.9% Hispanic or Latino, 7.65% Two or More Races, and 1.98% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 40.5% White, 19.9% Hispanic or Latino, and 15.7% 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, 28 students (6.91%) did not report their race.

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Graduates

In 2024, 10 fewer women than men received degrees from Franklin W Olin College of Engineering. The most common race/ethnicity group of degree recipients at Franklin W Olin College of Engineering is white (49 degrees awarded). There were 2.58 times more white recipients than the next closest race/ethnicity group, asian (19 degrees).

The most common Bachelor's Degree concentration at Franklin W Olin College of Engineering is General Engineering (52 degrees awarded), followed by Mechanical Engineering (29 degrees) and Electrical & Electronics Engineering (21 degrees).

In 2024,  the most specialized majors across all degree types at Franklin W Olin College of Engineering, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (102 degrees awarded).

Common Jobs by Major

Software developers
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Software developers (471,325 people), Miscellaneous engineers, including nuclear engineers (361,974 people), Civil engineers (307,323 people), Other managers (290,874 people), and Mechanical engineers (217,765 people).

The most specialized majors at Franklin W Olin College of Engineering in 2024 are Engineering (102 degrees awarded) (as of 2024).

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Highest Paying Jobs by Major

Surgeons
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Surgeons, Podiatrists, Securities, commodities, & financial services sales agents, Physicians, and Magnetic resonance imaging technologists

The most specialized majors at Franklin W Olin College of Engineering are Engineering (102 degrees awarded) (as of 2024).

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Common Industries by Major

Computer Systems Design
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin W Olin College of Engineering are Computer Systems Design (458,233 people), Architectural, engineering & related services (444,072 people), Construction (293,736 people), Aircraft & parts manufacturing (183,991 people), and Colleges, universities & professional schools, including junior colleges (163,517 people).

The most specialized majors at Franklin W Olin College of Engineering are Engineering (102 degrees awarded) (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 Franklin W Olin College of Engineering.
Most Common (2024)
  1. General Engineering
    52 degrees awarded
  2. Mechanical Engineering
    29 degrees awarded
  3. Electrical & Electronics Engineering
    21 degrees awarded

In 2024, the most common bachelors degree concentration at Franklin W Olin College of Engineering was General Engineering with 52 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin W Olin College of Engineering according to their major.

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Sex Breakdown for Common Majors

56
Degrees Awarded to Men
in 2024
46
Degrees Awarded to Women
in 2024

In 2024, 56 degrees were awarded to men at Franklin W Olin College of Engineering, which is 1.22 times more than the number of degrees awarded to females (46).

This chart displays the sex disparity between the top 5 majors at Franklin W Olin College of Engineering by degrees awarded.

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Most Common Male Majors

In 2024, 29 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 1.26 times more than the 23 female recipients with that same degree.

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Most Common Female Majors

In 2024, 23 degrees were awarded to men at Franklin W Olin College of Engineering in General Engineering, which is 0.793 times less than the 29 male recipients with that same degree.

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Time to Complete

82%
100% Completion Time
94%
150% Completion Time

In 2024, 82% of students graduating from Franklin W Olin College of Engineering completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 94% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)
  1. White
    49 degrees awarded
  2. Asian
    19 degrees awarded
  3. Two or More Races
    8 degrees awarded

The most common race/ethnicity at Franklin W Olin College of Engineering is white (49 degrees awarded). There were 2.58 times more white recipients than the next closest race/ethnicity group, asian (19 degrees).

4.9% of degree recipients (5 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Female
    27 degrees awarded
  2. White Male
    22 degrees awarded
  3. Asian Male
    10 degrees awarded

The most common race/ethnicity and sex grouping at Franklin W Olin College of Engineering is white female (27 degrees awarded). There were 1.23 times more white female recipients than the next closest race/ethnicity group, white male (22 degrees).

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Operations

Franklin W Olin College of Engineering has an endowment valued at nearly $426M, as of the end of the 2024 fiscal year. The return on its endowment was of 45.5M (10.7%) compared to the 4.13% average return (558k on 13.5M) across all Special Focus Institutions.

In 2024, Franklin W Olin College of Engineering had a total salary expenditure of 45.7M. Franklin W Olin College of Engineering employs 19 Professors, 11 Associate professors and 9 Assistant professors. Most academics at Franklin W Olin College of Engineering are Male Professor (10), Female Professor (9), and Male Instructor (6).

The most common positions for non-instructional staff at Franklin W Olin College of Engineering are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 25 employees, Business and Financial Operations, with 20 employees, and Office and Administrative Support with 11 employees.

Endowment

$426M
2024 Endowment
3.95%
growth from 2023

Franklin W Olin College of Engineering has an endowment valued at about $426M, as of the end of the 2024 fiscal year. The endowment of Franklin W Olin College of Engineering grew 3.95% from the previous year. The value of their endowment was $412M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin W Olin College of Engineering (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Engineering Schools Carnegie Classification grouping.

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Salary Expenditure

$16.7M
2024 Salaries
0%
growth from 2023

In 2024, Franklin W Olin College of Engineering paid a median of $16.7M in salaries, which represents 36.5% of their overall expenditure ($45.7M) and a 0% growth from the previous year.

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Instructional Salaries

$6.77M
Instructional Salaries
49
Number of Employees

In 2024, Franklin W Olin College of Engineering paid a total of $6.77M to 49 employees working as instructors, which represents 40.5% of all salaries paid.

This is compared to a median of $216k (5.94%) for similar Special Focus Institutions.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Franklin W Olin College of Engineering were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 25 employees, Business and Financial Operations with 20 employees, and Office and Administrative Support with 11 employees.

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