Michigan Technological University

www.mtu.edu

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2024 Undergraduate Tuition
$20,206
4% growth from 2023
2024 Average Net Price
$16,879
After Financial Aid
2024 Acceptance Rate
92.4%
11,491 Applicants
2024 Enrolled Students
7,403
89.8% Full-Time
2024 Graduation Rate
68%
845 Graduates

About

Michigan Technological University is a higher education institution located in Houghton County, MI. In 2024, the most popular Bachelors Degree concentrations at Michigan Technological University were Mechanical Engineering (175 degrees awarded), Chemical Engineering (78 degrees), and Electrical & Electronics Engineering (78 degrees).

In 2024, 1,909 degrees were awarded across all undergraduate and graduate programs at Michigan Technological University. 34.4% of these degrees were awarded to women, and 65.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,295 degrees), 20.6 times more than then the next closest race/ethnicity group, two or more races (63 degrees).

The median undergraduate tuition at Michigan Technological University is $20,206, which is $−11,646 less than the national average for Doctoral Universities ($31,852).

Doctoral Universities: Higher Research ActivityDoctoral Universities

Costs

In 2024, the median undergraduate tuition at Michigan Technological University is $20,206, which is $11,646 less than the national average for Doctoral Universities ($31,852).

After taking grants and loans into account, the average net price for students is $16,879.

In 2024, 91% of undergraduate students attending Michigan Technological University received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$20,206
2024 Undergraduate Tuition

In 2024, the cost of tuition at Michigan Technological University was $20,206. The cost of tuition at Michigan Technological University is $−11,646 less than than the overall (public and private) national average for Doctoral Universities ($31,852).

This chart compares the tuition costs of Michigan Technological University (in red) with those of other similar universities.

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Average Net Price

$16,879
2024 Value
5.85%
1 Year Growth

In 2024 Michigan Technological University had an average net price — the price paid after factoring in grants and loans — of $16,879. Between 2023 and 2024, the average net price of Michigan Technological University grew by 5.85%.

This chart compares the average net price of Michigan Technological University (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

$12,774
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Michigan Technological University was of $12,774 in 2024. The cost of room and board increased by 5.94% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

91%
Undergraduates Receiving Financial Aid through Grants
46%
Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Michigan Technological University received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 91% of undergraduate students received financial aid.

This chart compares the average award discount at Michigan Technological University (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

Michigan Technological University received 11,491 undergraduate applications in 2024, which represents a 7.58% annual growth. Out of those 11,491 applicants, 10,621 students were accepted for enrollment, representing a 92.4% acceptance rate.

There were 7,403 students enrolled at Michigan Technological University in 2024. 71% of first-time enrollees submitted SAT scores with their applications.

Michigan Technological University has an overall enrollment yield of 12.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

92.4%
Acceptance Rate in 2024
10,621
Accepted Out of 11,491

In 2024, the undergraduate acceptance rate of Michigan Technological University was 92.4% (10,621 admissions from 11,491 applications). This is higher than the acceptance rate of 2023, which was 87.9%. Between 2023 and 2024, the number of applicants declined by 7.58%, while admissions declined by 2.87%.

This chart compares the acceptance rate of Michigan Technological University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

71%
Submission Percentage (2024)
972
Scores Submitted (2024)

71% of enrolled first-time students at Michigan Technological University 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

Michigan Technological University had a total enrollment of 7,403 students in 2024. The full-time enrollment at Michigan Technological University is 6,651 students and the part-time enrollment is 752. This means that 89.8% of students enrolled at Michigan Technological University are enrolled full-time.

The enrolled student population at Michigan Technological University, both undergraduate and graduate, is 74.7% White, 3.12% Two or More Races, 2.84% Hispanic or Latino, 1.95% Asian, 1.15% Black or African American, 0.486% American Indian or Alaska Native, and 0.054% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Michigan Technological University in full-time Undergraduate programs are most commonly White Male (58.4%), followed by White Female (24.3%) and Two or More Races Male (2.3%). Students enrolled in full-time Graduate programs are most commonly White Male (21.6%), followed by White Female (11.3%) and Two or More Races Male (0.921%).

Full-Time vs Part-Time Enrollment

89.8%
Full-Time Enrollment

The total enrollment at Michigan Technological University in 2024, both undergraduate and graduate, is 7,403 students. The full-time enrollment at Michigan Technological University is 6,651 and the part-time enrollment is 752. This means that 89.8% of students enrolled at Michigan Technological University are enrolled full-time compared with 78.1% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Michigan Technological University (in red) compares to similar universities.

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Retention Rate over Time

89%
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 Michigan Technological University was 89%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Michigan Technological University had a retention rate higher than its peers.

This chart shows the retention rate over time at Michigan Technological University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)
  1. White
    5,528 enrolled students
  2. Two or More Races
    231 enrolled students
  3. Hispanic or Latino
    210 enrolled students

The enrolled student population at Michigan Technological University is 74.7% White, 3.12% Two or More Races, 2.84% Hispanic or Latino, 1.95% Asian, 1.15% Black or African American, 0.486% American Indian or Alaska Native, and 0.054% 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 Doctoral Universities is 45.5% White, 16.4% Hispanic or Latino, and 10% 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, 447 students (6.04%) did not report their race.

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Graduates

In 2024, 595 fewer women than men received degrees from Michigan Technological University. The most common race/ethnicity group of degree recipients at Michigan Technological University is white (1,295 degrees awarded). There were 20.6 times more white recipients than the next closest race/ethnicity group, two or more races (63 degrees).

The most common Bachelor's Degree concentration at Michigan Technological University is Mechanical Engineering (175 degrees awarded), followed by Chemical Engineering (78 degrees) and Electrical & Electronics Engineering (78 degrees).

In 2024,  the most specialized majors across all degree types at Michigan Technological University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (960 degrees awarded), Natural Resources & Conservation (70 degrees), and Math & Statistics (82 degrees).

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 Michigan Technological University are Software developers (610,193 people), Other managers (438,360 people), Miscellaneous engineers, including nuclear engineers (413,333 people), Civil engineers (323,981 people), and Mechanical engineers (237,653 people).

The most specialized majors at Michigan Technological University in 2024 are Engineering (960 degrees awarded), Natural Resources & Conservation (70 degrees), Math & Statistics (82 degrees), Physical Sciences (72 degrees), and Engineering Technologies (74 degrees) (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 Michigan Technological University are Surgeons, Diagnostic medical sonographers, Cardiovascular technologists and technicians, Podiatrists, and Magnetic resonance imaging technologists

The most specialized majors at Michigan Technological University are Engineering (960 degrees awarded), Natural Resources & Conservation (70 degrees), Math & Statistics (82 degrees), Physical Sciences (72 degrees), and Engineering Technologies (74 degrees) (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 Michigan Technological University are Computer Systems Design (639,012 people), Architectural, engineering & related services (529,317 people), Colleges, universities & professional schools, including junior colleges (396,919 people), Construction (373,487 people), and Elementary & secondary schools (260,765 people).

The most specialized majors at Michigan Technological University are Engineering (960 degrees awarded), Natural Resources & Conservation (70 degrees), Math & Statistics (82 degrees), Physical Sciences (72 degrees), and Engineering Technologies (74 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 Michigan Technological University.
Most Common (2024)
  1. General Engineering
    8 degrees awarded
  2. Humanistic Studies
    8 degrees awarded

In 2024, the most common associates degree concentration at Michigan Technological University was General Engineering with 8 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Michigan Technological University according to their major.

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Sex Breakdown for Common Majors

1,252
Degrees Awarded to Men
in 2024
657
Degrees Awarded to Women
in 2024

In 2024, 1,252 degrees were awarded to men at Michigan Technological University, which is 1.91 times more than the number of degrees awarded to females (657).

This chart displays the sex disparity between the top 5 majors at Michigan Technological University by degrees awarded.

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Most Common Male Majors

In 2024, 253 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 5.5 times more than the 46 female recipients with that same degree.

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Most Common Female Majors

In 2024, 46 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 0.182 times less than the 253 male recipients with that same degree.

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Time to Complete

33%
100% Completion Time
68%
150% Completion Time

In 2024, 33% of students graduating from Michigan Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 69% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities 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
    1,295 degrees awarded
  2. Two or More Races
    63 degrees awarded
  3. Asian
    38 degrees awarded

The most common race/ethnicity at Michigan Technological University is white (1,295 degrees awarded). There were 20.6 times more white recipients than the next closest race/ethnicity group, two or more races (63 degrees).

1.62% of degree recipients (31 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Male
    849 degrees awarded
  2. White Female
    446 degrees awarded
  3. Two or More Races Male
    34 degrees awarded

The most common race/ethnicity and sex grouping at Michigan Technological University is white male (849 degrees awarded). There were 1.9 times more white male recipients than the next closest race/ethnicity group, white female (446 degrees).

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Operations

Michigan Technological University has an endowment valued at nearly $169M, as of the end of the 2024 fiscal year. The return on its endowment was of 23M (13.6%) compared to the 7.99% average return (38.5M on 482M) across all Doctoral Universities.

In 2024, Michigan Technological University had a total salary expenditure of 309M. Michigan Technological University employs 107 Professors, 99 Associate professors and 95 Lecturers. Most academics at Michigan Technological University are Male Professor (81), Male Associate professor (67), and Male Assistant professor (56).

The most common positions for non-instructional staff at Michigan Technological University are: Research, with 172 employees, Business and Financial Operations, with 159 employees, and Service with 152 employees.

Endowment

$169M
2024 Endowment
8.47%
growth from 2023

Michigan Technological University has an endowment valued at about $169M, as of the end of the 2024 fiscal year. The endowment of Michigan Technological University grew 8.47% from the previous year. The value of their endowment was $313M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Michigan Technological University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

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Salary Expenditure

$144M
2024 Salaries
0%
growth from 2023

In 2024, Michigan Technological University paid a median of $144M in salaries, which represents 46.7% of their overall expenditure ($309M) and a 0% growth from the previous year.

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Instructional Salaries

$43.1M
Instructional Salaries
404
Number of Employees

In 2024, Michigan Technological University paid a total of $43.1M to 404 employees working as instructors, which represents 29.9% of all salaries paid.

This is compared to a median of $6.16M (2.17%) for similar Doctoral Universities.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Michigan Technological University were Research with 172 employees, Business and Financial Operations with 159 employees, and Service with 152 employees.

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