New Jersey Institute of Technology

www.njit.edu

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2023 Undergraduate Tuition

$15,616

2.75% growth from 2022

2023 Average Net Price

$16,736

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

66.9%

13,993 Applicants

2023 Enrolled Students

13,007

79.9% Full-Time

2023 Graduation Rate

73.1%

775 Graduates

About

New Jersey Institute of Technology is a higher education institution located in Essex County, NJ. In 2023, the most popular Masters Degree concentrations at New Jersey Institute of Technology were General Computer & Information Sciences (271 degrees awarded), Data Science, General (152 degrees), and Information Science (109 degrees).

In 2023, 3,250 degrees were awarded across all undergraduate and graduate programs at New Jersey Institute of Technology. 29% of these degrees were awarded to women, and 71% awarded men. The most common race/ethnicity group of degree recipients was white (915 degrees), 1.42 times more than then the next closest race/ethnicity group, asian (644 degrees).

The median undergraduate tuition at New Jersey Institute of Technology is $15,616, which is $−15,387 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at New Jersey Institute of Technology was 0%, corresponding to 0 out of the 1,853 total borrowers.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at New Jersey Institute of Technology is $15,616, which is $15,388 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $16,736.

In 2023, 71% of undergraduate students attending New Jersey Institute of Technology received financial aid through grants. Comparatively, 33% of undergraduate students received financial aid through loans.

Tuition Costs

$15,616

2023 Undergraduate Tuition

In 2023, the cost of tuition at New Jersey Institute of Technology was $15,616. The cost of tuition at New Jersey Institute of Technology is $−15,388 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

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

Average Net Price

$16,736

2023 Value

5.78%

1 Year Growth

In 2023 New Jersey Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $16,736. Between 2022 and 2023, the average net price of New Jersey Institute of Technology grew by 5.78%.

This chart compares the average net price of New Jersey 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.

Other Student Expenses

$13,400

Room and Board

$2,750

Books and Supplies

The average yearly cost of room and board at New Jersey Institute of Technology was of $13,400 in 2023. The cost of room and board decreased by 0.372% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,750. The cost of books and supplies decreased by 8.33% during the same period.

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

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

33%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at New Jersey Institute of Technology received financial aid through grants or loans in 2023. This represents a growth of 2.9% with respect to 2022, when 69% of undergraduate students received financial aid.

This chart compares the average award discount at New Jersey 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.

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 New Jersey Institute of Technology was 0%, which represents 0 out of the 1853 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

New Jersey Institute of Technology received 13,993 undergraduate applications in 2023, which represents a 7.56% annual growth. Out of those 13,993 applicants, 9,362 students were accepted for enrollment, representing a 66.9% acceptance rate.

There were 13,007 students enrolled at New Jersey Institute of Technology in 2023. 43% of first-time enrollees submitted SAT scores with their applications.

New Jersey Institute of Technology has an overall enrollment yield of 18.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.9%

Acceptance Rate in 2023

9,362

Accepted Out of 13,993

In 2023, the undergraduate acceptance rate of New Jersey Institute of Technology was 66.9% (9,362 admissions from 13,993 applications). This is higher than the acceptance rate of 2022, which was 66%. Between 2022 and 2023, the number of applicants grew by 7.56%, while admissions grew by 9.05%.

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

SAT Scores

43%

Submission Percentage (2023)

752

Scores Submitted (2023)

43% of enrolled first-time students at New Jersey Institute of Technology in 2023 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

New Jersey Institute of Technology had a total enrollment of 13,007 students in 2023. The full-time enrollment at New Jersey Institute of Technology is 10,388 students and the part-time enrollment is 2,619. This means that 79.9% of students enrolled at New Jersey Institute of Technology are enrolled full-time.

The enrolled student population at New Jersey Institute of Technology, both undergraduate and graduate, is 24.8% White, 21.7% Hispanic or Latino, 17.1% Asian, 8.63% Black or African American, 2.6% Two or More Races, 0.0846% American Indian or Alaska Native, and 0.0154% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New Jersey Institute of Technology in full-time Undergraduate programs are most commonly White Male (23.2%), followed by Hispanic or Latino Male (18.9%) and Asian Male (15.6%). Students enrolled in full-time Graduate programs are most commonly White Male (5.67%), followed by Asian Male (3.27%) and Hispanic or Latino Male (2.65%).

Full-Time vs Part-Time Enrollment

79.9%

Full-Time Enrollment

The total enrollment at New Jersey Institute of Technology in 2023, both undergraduate and graduate, is 13,007 students. The full-time enrollment at New Jersey Institute of Technology is 10,388 and the part-time enrollment is 2,619. This means that 79.9% of students enrolled at New Jersey Institute of Technology are enrolled full-time compared with 77.9% at similar Doctoral Universities.

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

Retention Rate over Time

91%

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 New Jersey Institute of Technology was 91%. Compared with the full-time retention rate at similar Doctoral Universities (84%), New Jersey Institute of Technology had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,220 enrolled students
Hispanic or Latino
2,817 enrolled students
Asian
2,222 enrolled students

The enrolled student population at New Jersey Institute of Technology is 24.8% White, 21.7% Hispanic or Latino, 17.1% Asian, 8.63% Black or African American, 2.6% Two or More Races, 0.0846% American Indian or Alaska Native, and 0.0154% 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 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 706 students (5.43%) did not report their race.

Graduates

In 2023, 1,364 fewer women than men received degrees from New Jersey Institute of Technology. The most common race/ethnicity group of degree recipients at New Jersey Institute of Technology is white (915 degrees awarded). There were 1.42 times more white recipients than the next closest race/ethnicity group, asian (644 degrees).

The most common Masters Degree concentration at New Jersey Institute of Technology is General Computer & Information Sciences (271 degrees awarded), followed by Data Science, General (152 degrees) and Information Science (109 degrees).

In 2023, the most specialized majors across all degree types at New Jersey Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (111 degrees awarded), Engineering (1,096 degrees), and Computer and Information Sciences and Support Services (1,010 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 New Jersey Institute of Technology are Software developers (1,073,299 people), Other managers (466,513 people), Miscellaneous engineers, including nuclear engineers (406,042 people), Civil engineers (311,802 people), and Mechanical engineers (231,391 people).

The most specialized majors at New Jersey Institute of Technology in 2023 are Architecture and Related Services (111 degrees awarded), Engineering (1,096 degrees), Computer and Information Sciences and Support Services (1,010 degrees), Engineering Technologies (291 degrees), and Interdisciplinary Studies (168 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at New Jersey Institute of Technology are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at New Jersey Institute of Technology are Architecture and Related Services (111 degrees awarded), Engineering (1,096 degrees), Computer and Information Sciences and Support Services (1,010 degrees), Engineering Technologies (291 degrees), and Interdisciplinary Studies (168 degrees) (as of 2023).

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 New Jersey Institute of Technology are Computer Systems Design (1,072,091 people), Architectural, engineering & related services (477,160 people), Construction (340,454 people), Colleges, universities & professional schools, including junior colleges (315,998 people), and Elementary & secondary schools (233,503 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Jersey Institute of Technology.

Most Common (2023)

General Computer & Information Sciences
232 degrees awarded
Mechanical Engineering
228 degrees awarded
Information Technology
212 degrees awarded

In 2023, the most common bachelors degree concentration at New Jersey Institute of Technology was General Computer & Information Sciences with 232 degrees awarded.

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

Sex Breakdown for Common Majors

2,307

Degrees Awarded to Men

in 2023

943

Degrees Awarded to Women

in 2023

In 2023, 2,307 degrees were awarded to men at New Jersey Institute of Technology, which is 2.45 times more than the number of degrees awarded to females (943).

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

Most Common Male Majors

In 2023, 413 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 2.81 times more than the 147 female recipients with that same degree.

Most Common Female Majors

In 2023, 147 degrees were awarded to men at New Jersey Institute of Technology in General Computer & Information Sciences, which is 0.356 times less than the 413 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

74%

150% Completion Time

In 2023, 38% of students graduating from New Jersey Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 74% completed their degrees within 150% of the normal time, and 78% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (84.1%)

The student demographic with the highest graduation rate in 2023 at New Jersey Institute of Technology is Female and White (84.1% graduation rate). Across all Doctoral Universities, 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, 2.84% of graduates (22 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
915 degrees awarded
Asian
644 degrees awarded
Hispanic or Latino
485 degrees awarded

The most common race/ethnicity at New Jersey Institute of Technology is white (915 degrees awarded). There were 1.42 times more white recipients than the next closest race/ethnicity group, asian (644 degrees).

1.54% of degree recipients (50 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
694 degrees awarded
Asian Male
438 degrees awarded
Hispanic or Latino Male
351 degrees awarded

The most common race/ethnicity and sex grouping at New Jersey Institute of Technology is white male (694 degrees awarded). There were 1.58 times more white male recipients than the next closest race/ethnicity group, asian male (438 degrees).

Operations

New Jersey Institute of Technology has an endowment valued at nearly $161M, as of the end of the 2023 fiscal year. The return on its endowment was of 22.3M (13.8%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, New Jersey Institute of Technology had a total salary expenditure of 481M. New Jersey Institute of Technology employs 165 Lecturers, 133 Professors and 109 Associate professors. Most academics at New Jersey Institute of Technology are Male Professor (119), Male Lecturer (114), and Male Associate professor (86).

The most common positions for non-instructional staff at New Jersey Institute of Technology are: Business and Financial Operations, with 204 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 149 employees, and Office and Administrative Support with 146 employees.

Endowment

$161M

2023 Endowment

8.33%

growth from 2022

New Jersey Institute of Technology has an endowment valued at about $161M, as of the end of the 2023 fiscal year. The endowment of New Jersey Institute of Technology grew 8.33% from the previous year. The value of their endowment was $273M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at New Jersey 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 Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Salary Expenditure

$187M

2023 Salaries

9.36%

growth from 2022

In 2023, New Jersey Institute of Technology paid a median of $187M in salaries, which represents 38.9% of their overall expenditure ($481M) and a 9.36% growth from the previous year. This is compared to a 2.94% growth between 2021 and 2022, and a 4.41% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$66.2M

Instructional Salaries

514

Number of Employees

In 2023, New Jersey Institute of Technology paid a total of $66.2M to 514 employees working as instructors, which represents 35.4% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Lecturer

Most Common Instructor

165 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

204 Employees

In 2023, the most common positions for instructional staff at New Jersey Institute of Technology were Lecturer with 165 employees, Professor with 133 employees, and Associate professor with 109 employees.

In 2023, the most common positions for non-instructional staff at New Jersey Institute of Technology were Business and Financial Operations with 204 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 149 employees, and Office and Administrative Support with 146 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Lecturer
Male Associate professor

In 2023, the most common demographic for instructional staff at New Jersey Institute of Technology was Male Professor with 119 employees, Male Lecturer with 114 employees, and Male Associate professor with 86 employees.

This chart shows the sex split between each academic rank present at New Jersey Institute of Technology.

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