The New England Conservatory of Music

necmusic.edu

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2023 Undergraduate Tuition

$56,780

4.74% growth from 2022

2023 Average Net Price

$49,544

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

42.8%

959 Applicants

2023 Enrolled Students

784

92.9% Full-Time

2023 Graduation Rate

77.8%

84 Graduates

About

The New England Conservatory of Music is a higher education institution located in Suffolk County, MA. In 2023, the most popular Masters Degree concentrations at The New England Conservatory of Music were Stringed Instruments (52 degrees awarded), Voice & Opera (36 degrees), and Keyboard Instruments (18 degrees).

In 2023, 333 degrees were awarded across all undergraduate and graduate programs at The New England Conservatory of Music. 47.4% of these degrees were awarded to women, and 52.6% awarded men. The most common race/ethnicity group of degree recipients was white (124 degrees), 2.88 times more than then the next closest race/ethnicity group, asian (43 degrees).

The median undergraduate tuition at The New England Conservatory of Music is $56,780, which is $41,616 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at The New England Conservatory of Music was 0%, corresponding to 0 out of the 127 total borrowers.

Special Focus Four-Year: Arts, Music & Design Schools Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at The New England Conservatory of Music is $56,780, which is $41,616 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $49,544.

In 2023, 86% of undergraduate students attending The New England Conservatory of Music received financial aid through grants. Comparatively, 25% of undergraduate students received financial aid through loans.

Tuition Costs

$56,780

2023 Undergraduate Tuition

In 2023, the cost of tuition at The New England Conservatory of Music was $56,780. The cost of tuition at The New England Conservatory of Music is $41,616 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

This chart compares the tuition costs of The New England Conservatory of Music (in red) with those of other similar universities.

Average Net Price

$49,544

2023 Value

6.81%

1 Year Growth

In 2023 The New England Conservatory of Music had an average net price — the price paid after factoring in grants and loans — of $49,544. Between 2022 and 2023, the average net price of The New England Conservatory of Music grew by 6.81%.

This chart compares the average net price of The New England Conservatory of Music (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.

Other Student Expenses

$18,520

Room and Board

$500

Books and Supplies

The average yearly cost of room and board at The New England Conservatory of Music was of $18,520 in 2023. The cost of room and board increased by 2.55% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $500. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at The New England Conservatory of Music (in red) with that of similar universities.

Financial Aid by Income Level

86%

Undergraduates Receiving Financial Aid through Grants

25%

Undergraduates Receiving Financial Aid through Loans

86% of undergraduate students at The New England Conservatory of Music received financial aid through grants or loans in 2023. This represents a decline of 5.49% with respect to 2022, when 91% of undergraduate students received financial aid.

This chart compares the average award discount at The New England Conservatory of Music (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.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at The New England Conservatory of Music was 0%, which represents 0 out of the 127 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

The New England Conservatory of Music received 959 undergraduate applications in 2023, which represents a 17.7% annual growth. Out of those 959 applicants, 410 students were accepted for enrollment, representing a 42.8% acceptance rate.

There were 784 students enrolled at The New England Conservatory of Music in 2023.

The New England Conservatory of Music has an overall enrollment yield of 25.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

42.8%

Acceptance Rate in 2023

410

Accepted Out of 959

In 2023, the undergraduate acceptance rate of The New England Conservatory of Music was 42.8% (410 admissions from 959 applications). This is higher than the acceptance rate of 2022, which was 37.5%. Between 2022 and 2023, the number of applicants grew by 17.7%, while admissions grew by 34%.

This chart compares the acceptance rate of The New England Conservatory of Music (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

N/A% of enrolled first-time students at The New England Conservatory of Music in false 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.

Enrollment

The New England Conservatory of Music had a total enrollment of 784 students in 2023. The full-time enrollment at The New England Conservatory of Music is 728 students and the part-time enrollment is 56. This means that 92.9% of students enrolled at The New England Conservatory of Music are enrolled full-time.

The enrolled student population at The New England Conservatory of Music, both undergraduate and graduate, is 29.1% White, 12.4% Asian, 7.91% Two or More Races, 1.53% Black or African American, and 1.02% Hispanic or Latino.

Students enrolled at The New England Conservatory of Music in full-time Undergraduate programs are most commonly White Male (21.7%), followed by White Female (14.7%) and Asian Male (6.72%). Students enrolled in full-time Graduate programs are most commonly White Male (17.4%), followed by White Female (11.1%) and Asian Male (5.37%).

Full-Time vs Part-Time Enrollment

92.9%

Full-Time Enrollment

The total enrollment at The New England Conservatory of Music in 2023, both undergraduate and graduate, is 784 students. The full-time enrollment at The New England Conservatory of Music is 728 and the part-time enrollment is 56. This means that 92.9% of students enrolled at The New England Conservatory of Music are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at The New England Conservatory of Music (in red) compares to similar universities.

Retention Rate over Time

94%

2023 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 The New England Conservatory of Music was 94%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), The New England Conservatory of Music had a retention rate higher than its peers.

This chart shows the retention rate over time at The New England Conservatory of Music (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
228 enrolled students
Asian
97 enrolled students
Two or More Races
62 enrolled students

The enrolled student population at The New England Conservatory of Music is 29.1% White, 12.4% Asian, 7.91% Two or More Races, 1.53% Black or African American, and 1.02% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 7 students (0.893%) did not report their race.

Graduates

In 2023, 17 fewer women than men received degrees from The New England Conservatory of Music. The most common race/ethnicity group of degree recipients at The New England Conservatory of Music is white (124 degrees awarded). There were 2.88 times more white recipients than the next closest race/ethnicity group, asian (43 degrees).

The most common Masters Degree concentration at The New England Conservatory of Music is Stringed Instruments (52 degrees awarded), followed by Voice & Opera (36 degrees) and Keyboard Instruments (18 degrees).

In 2023, the most specialized majors across all degree types at The New England Conservatory of Music, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (333 degrees awarded).

Common Jobs by Major

Graphic designers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Graphic designers (93,843 people), Other managers (80,308 people), Elementary & middle school teachers (76,692 people), Other designers (58,487 people), and Postsecondary teachers (56,973 people).

The most specialized majors at The New England Conservatory of Music in 2023 are Visual & Performing Arts (333 degrees awarded) (as of 2023).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Physicians, Surgeons, Magnetic resonance imaging technologists, Economists, and Dentists

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (333 degrees awarded) (as of 2023).

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 The New England Conservatory of Music are Elementary & secondary schools (175,537 people), Colleges, universities & professional schools, including junior colleges (120,978 people), Computer Systems Design (72,111 people), Specialized design services (58,214 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (47,269 people).

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (333 degrees awarded) (as of 2023).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by The New England Conservatory of Music.

Most Common (2023)

Stringed Instruments
52 degrees awarded
Voice & Opera
36 degrees awarded
Keyboard Instruments
18 degrees awarded

In 2023, the most common masters degree concentration at The New England Conservatory of Music was Stringed Instruments with 52 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at The New England Conservatory of Music according to their major.

Sex Breakdown for Common Majors

175

Degrees Awarded to Men

in 2023

158

Degrees Awarded to Women

in 2023

In 2023, 175 degrees were awarded to men at The New England Conservatory of Music, which is 1.11 times more than the number of degrees awarded to females (158).

This chart displays the sex disparity between the top 5 majors at The New England Conservatory of Music by degrees awarded.

Most Common Male Majors

In 2023, 40 degrees were awarded to men at The New England Conservatory of Music in Stringed Instruments, which is 0.678 times less than the 59 female recipients with that same degree.

Most Common Female Majors

In 2023, 59 degrees were awarded to men at The New England Conservatory of Music in Stringed Instruments, which is 1.48 times more than the 40 male recipients with that same degree.

Time to Complete

72%

100% Completion Time

81%

150% Completion Time

In 2023, 72% of students graduating from The New England Conservatory of Music completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 81% completed their degrees within 150% of the normal time, and 81% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at The New England Conservatory of Music is Male and Asian (100% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.38% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
124 degrees awarded
Asian
43 degrees awarded
Two or More Races
14 degrees awarded

The most common race/ethnicity at The New England Conservatory of Music is white (124 degrees awarded). There were 2.88 times more white recipients than the next closest race/ethnicity group, asian (43 degrees).

1.5% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
69 degrees awarded
White Female
55 degrees awarded
Asian Female
25 degrees awarded

The most common race/ethnicity and sex grouping at The New England Conservatory of Music is white male (69 degrees awarded). There were 1.25 times more white male recipients than the next closest race/ethnicity group, white female (55 degrees).

Operations

The New England Conservatory of Music has an endowment valued at nearly $151M, as of the end of the 2023 fiscal year. The return on its endowment was of 5.1M (3.38%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, The New England Conservatory of Music had a total salary expenditure of 57.2M. The New England Conservatory of Music employs 125 No academic ranks. Most academics at The New England Conservatory of Music are Male No academic rank (80), and Female No academic rank (45).

The most common positions for non-instructional staff at The New England Conservatory of Music are: Management, with 36 employees, Office and Administrative Support, with 19 employees, and Sales and related with 14 employees.

Endowment

$151M

2023 Endowment

9.08%

growth from 2022

The New England Conservatory of Music has an endowment valued at about $151M, as of the end of the 2023 fiscal year. The endowment of The New England Conservatory of Music grew 9.08% from the previous year. The value of their endowment was $139M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at The New England Conservatory of Music (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: Arts, Music & Design Schools Carnegie Classification grouping.

Salary Expenditure

$26.5M

2023 Salaries

2.51%

growth from 2022

In 2023, The New England Conservatory of Music paid a median of $26.5M in salaries, which represents 46.4% of their overall expenditure ($57.2M) and a 2.51% growth from the previous year. This is compared to a 5.64% growth between 2021 and 2022, and a 6.67% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$10.9M

Instructional Salaries

125

Number of Employees

In 2023, The New England Conservatory of Music paid a total of $10.9M to 125 employees working as instructors, which represents 41.2% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

No academic rank

Most Common Instructor

125 Employees

Management

Most Common Non-Instructional Employee

36 Employees

In 2023, the most common positions for instructional staff at The New England Conservatory of Music was No academic rank with 125 employees.

In 2023, the most common positions for non-instructional staff at The New England Conservatory of Music were Management with 36 employees, Office and Administrative Support with 19 employees, and Sales and related with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male No academic rank
Female No academic rank

In 2023, the most common demographic for instructional staff at The New England Conservatory of Music was Male No academic rank with 80 employees, and Female No academic rank with 45 employees.

This chart shows the sex split between each academic rank present at The New England Conservatory of Music.

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