Cleveland Institute of Music

www.cim.edu

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2023 Undergraduate Tuition

$40,000

2023 Average Net Price

$36,001

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

38.2%

461 Applicants

2023 Enrolled Students

350

99.7% Full-Time

2023 Graduation Rate

69.8%

37 Graduates

About

Cleveland Institute of Music is a higher education institution located in Cuyahoga County, OH. In 2023, the most popular Bachelors Degree concentrations at Cleveland Institute of Music were General Music Performance (52 degrees awarded).

In 2023, 120 degrees were awarded across all undergraduate and graduate programs at Cleveland Institute of Music. 51.7% of these degrees were awarded to women, and 48.3% awarded men. The most common race/ethnicity group of degree recipients was white (48 degrees), 2.09 times more than then the next closest race/ethnicity group, asian (23 degrees).

The median undergraduate tuition at Cleveland Institute of Music is $40,000, which is $24,836 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Cleveland Institute of Music was 0%, corresponding to 0 out of the 68 total borrowers.

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

Costs

In 2023, the median undergraduate tuition at Cleveland Institute of Music is $40,000, which is $24,836 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 $36,001.

In 2023, 100% of undergraduate students attending Cleveland Institute of Music received financial aid through grants. Comparatively, 37% of undergraduate students received financial aid through loans.

Tuition Costs

$40,000

2023 Undergraduate Tuition

In 2023, the cost of tuition at Cleveland Institute of Music was $40,000. The cost of tuition at Cleveland Institute of Music is $24,836 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$36,001

2023 Value

22.5%

1 Year Growth

In 2023 Cleveland Institute of Music had an average net price — the price paid after factoring in grants and loans — of $36,001. Between 2022 and 2023, the average net price of Cleveland Institute of Music grew by 22.5%.

This chart compares the average net price of Cleveland Institute 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

$12,300

Room and Board

$600

Books and Supplies

The average yearly cost of room and board at Cleveland Institute of Music was of $12,300 in 2023. The cost of room and board increased by 4.46% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $600. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

100%

Undergraduates Receiving Financial Aid through Grants

37%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Cleveland Institute of Music received financial aid through grants or loans in 2023. This represents a growth of 1.01% with respect to 2022, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Cleveland Institute 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 Cleveland Institute of Music was 0%, which represents 0 out of the 68 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

Cleveland Institute of Music received 461 undergraduate applications in 2023, which represents a 22% annual growth. Out of those 461 applicants, 176 students were accepted for enrollment, representing a 38.2% acceptance rate.

There were 350 students enrolled at Cleveland Institute of Music in 2023.

Cleveland Institute of Music has an overall enrollment yield of 28.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

38.2%

Acceptance Rate in 2023

176

Accepted Out of 461

In 2023, the undergraduate acceptance rate of Cleveland Institute of Music was 38.2% (176 admissions from 461 applications). This is higher than the acceptance rate of 2022, which was 36.2%. Between 2022 and 2023, the number of applicants grew by 22%, while admissions grew by 28.5%.

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

SAT Scores

0% of enrolled first-time students at Cleveland Institute of Music in 2022 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

Cleveland Institute of Music had a total enrollment of 350 students in 2023. The full-time enrollment at Cleveland Institute of Music is 349 students and the part-time enrollment is 1. This means that 99.7% of students enrolled at Cleveland Institute of Music are enrolled full-time.

The enrolled student population at Cleveland Institute of Music, both undergraduate and graduate, is 42.9% White, 14.9% Asian, 4.29% Hispanic or Latino, 3.43% Two or More Races, 3.14% Black or African American, 1.14% American Indian or Alaska Native, and 0.286% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Cleveland Institute of Music in full-time Undergraduate programs are most commonly White Male (24.2%), followed by White Female (22.2%) and Asian Female (11%). Students enrolled in full-time Graduate programs are most commonly White Male (20.1%), followed by White Female (19%) and Asian Male (5.78%).

Full-Time vs Part-Time Enrollment

99.7%

Full-Time Enrollment

The total enrollment at Cleveland Institute of Music in 2023, both undergraduate and graduate, is 350 students. The full-time enrollment at Cleveland Institute of Music is 349 and the part-time enrollment is 1. This means that 99.7% of students enrolled at Cleveland Institute 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 Cleveland Institute of Music (in red) compares to similar universities.

Retention Rate over Time

98%

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 Cleveland Institute of Music was 98%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Cleveland Institute of Music had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
150 enrolled students
Asian
52 enrolled students
Hispanic or Latino
15 enrolled students

The enrolled student population at Cleveland Institute of Music is 42.9% White, 14.9% Asian, 4.29% Hispanic or Latino, 3.43% Two or More Races, 3.14% Black or African American, 1.14% American Indian or Alaska Native, and 0.286% 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 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, 4 students (1.14%) did not report their race.

Graduates

In 2023, 4 more women than men received degrees from Cleveland Institute of Music. The most common race/ethnicity group of degree recipients at Cleveland Institute of Music is white (48 degrees awarded). There were 2.09 times more white recipients than the next closest race/ethnicity group, asian (23 degrees).

The most common Bachelor's Degree concentration at Cleveland Institute of Music is General Music Performance (52 degrees awarded).

In 2023, the most specialized majors across all degree types at Cleveland Institute of Music, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (120 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 Cleveland Institute 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 Cleveland Institute of Music in 2023 are Visual & Performing Arts (120 degrees awarded) (as of 2023).

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 Cleveland Institute of Music are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Cleveland Institute of Music are Visual & Performing Arts (120 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 Cleveland Institute of Music are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Cleveland Institute of Music are Visual & Performing Arts (120 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 Cleveland Institute of Music.

General Music Performance

Most Common (2023)

52 degrees awarded

In 2023, the most common bachelors degree concentration at Cleveland Institute of Music was General Music Performance with 52 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Cleveland Institute of Music according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 58 degrees were awarded to men at Cleveland Institute of Music, which is 0.935 times less than the number of degrees awarded to females (62).

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

Most Common Male Majors

In 2023, 58 degrees were awarded to men at Cleveland Institute of Music in General Music Performance, which is 0.935 times less than the 62 female recipients with that same degree.

Most Common Female Majors

In 2023, 62 degrees were awarded to men at Cleveland Institute of Music in General Music Performance, which is 1.07 times more than the 58 male recipients with that same degree.

Time to Complete

58%

100% Completion Time

71%

150% Completion Time

In 2023, 58% of students graduating from Cleveland Institute of Music completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 71% 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.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Cleveland Institute of Music is Male and Two or More Races (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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
48 degrees awarded
Asian
23 degrees awarded
Hispanic or Latino
5 degrees awarded

The most common race/ethnicity at Cleveland Institute of Music is white (48 degrees awarded). There were 2.09 times more white recipients than the next closest race/ethnicity group, asian (23 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
25 degrees awarded
White Male
23 degrees awarded
Asian Female
13 degrees awarded

The most common race/ethnicity and sex grouping at Cleveland Institute of Music is white female (25 degrees awarded). There were 1.09 times more white female recipients than the next closest race/ethnicity group, white male (23 degrees).

Operations

Cleveland Institute of Music has an endowment valued at nearly $50.9M, as of the end of the 2023 fiscal year. The return on its endowment was of 6.62M (13%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Cleveland Institute of Music had a total salary expenditure of 22.5M. Cleveland Institute of Music employs 42 No academic ranks. Most academics at Cleveland Institute of Music are Male No academic rank (23), and Female No academic rank (19).

The most common positions for non-instructional staff at Cleveland Institute of Music are: Management, with 26 employees, Service, with 13 employees, and Office and Administrative Support with 10 employees.

Endowment

$50.9M

2023 Endowment

10.4%

growth from 2022

Cleveland Institute of Music has an endowment valued at about $50.9M, as of the end of the 2023 fiscal year. The endowment of Cleveland Institute of Music grew 10.4% from the previous year. The value of their endowment was $38.4M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Cleveland Institute 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

$10.9M

2023 Salaries

3.14%

growth from 2022

In 2023, Cleveland Institute of Music paid a median of $10.9M in salaries, which represents 48.3% of their overall expenditure ($22.5M) and a 3.14% growth from the previous year. This is compared to a 6.52% growth between 2021 and 2022, and a 0.985% decline between 2020 and 2021.

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

Instructional Salaries

$3.04M

Instructional Salaries

Number of Employees

In 2023, Cleveland Institute of Music paid a total of $3.04M to 42 employees working as instructors, which represents 28% 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

42 Employees

Management

Most Common Non-Instructional Employee

26 Employees

In 2023, the most common positions for instructional staff at Cleveland Institute of Music was No academic rank with 42 employees.

In 2023, the most common positions for non-instructional staff at Cleveland Institute of Music were Management with 26 employees, Service with 13 employees, and Office and Administrative Support with 10 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 Cleveland Institute of Music was Male No academic rank with 23 employees, and Female No academic rank with 19 employees.

This chart shows the sex split between each academic rank present at Cleveland Institute of Music.

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