The California Institute of Technology, popularly known as Caltech, is one of the nation's premier institutes of engineering, science, and technology. Caltech is a private educational institution located in Pasadena, California whose scope extends into both deep space and deep underground on our own planet. The institute operates both the Jet Propulsion Laboratory for NASA and also the Seismological Laboratory, which aggregates seismic activity in California and worldwide. In fact, Caltech's scope is nearly universal where STEM matters are concerned.
Overview of California Institute of Technology
Caltech's research efforts are wide-ranging and comprehensive. Students and other scholars work on areas including, but not limited to energy and the environment, social sciences, physics, neuroscience, computing, and chemistry. Indeed, within each broad category there are numerous centers and institutes that are dedicated to sub-specialties such as chemical innovation in energy, economic and management sciences, and theoretical cosmology, to name a few.
The institute has been known for its many prize-winning scholars. Their accolades include numerous Nobel Prizes (39), the National Medal of Science (58), 75 members of the National Academy of Sciences, and 107 American Academy of Arts and Sciences Fellows, among many more.
|School Type||Private not-for-profit|
|Campus Setting||City: Midsize|
|Student Faculty Ratio||3:1|
California Institute of Technology Reviews
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|High School GPA||Recommended|
|High School Rank||Recommended|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||January 3|
|Common Application Accepted||Yes|
Tuition Cost & Financial Aid
This exclusive, private institute is not cheap. Tuition is $54,600 per year and the total cost per student is $75,000. These are high figures for many households, but Caltech's students are able to offset the up-front cost of their education with scholarships, loans, and grants. Once those financial instruments are implemented, the average net price of a year at Caltech is often just over $30,000.
Low-income students are able to offset their costs and see a net price between $1,376 and $2,714. Students from the wealthiest families, on the other hand, face a net price that averages $45,404. There are many ways for students to reduce their costs, and Caltech students are very savvy at saving money.
In fact, approximately 49% of Caltech students receive aid in the form of grants and scholarships. They receive up to an average of $42,500 which covers over half of their total educational cost. Thus, a Caltech education presents a more affordable picture with terrific returns after graduation.
|Average net price||2017-2018|
|Average Total Aid||$42,540|
|Students Receiving Financial Aid||64%|
|Room & Board||$16,644|
- Tuition In-State - $54,600
- Tuition Out-of-State - $54,600
- Books and Supplies - $1,428
- Room & Board - $16,644
- Other - $2,091
Caltech has a stellar reputation, which is verified not only in the success of its graduates but also by the numbers that reflect academic excellence. This private, non-profit institution has a student body population that barely exceeds 2,000 students, of which 55% identify as male and 45% identify as female. Undergraduate students number less than half of that total with a population of 948 students. The graduate school educates the remaining 58%, or 1,285 total students.
The school also has one of the nation's best student-faculty rations, 3:1. Students are thus able to work closely with the institute's top-caliber faculty in the pursuit of a strenuous curriculum as well as independent research projects.
The institute's academic excellence is reflected in other metrics, such as its retention rate, graduation rate, and acceptance rate. Caltech's retention rate is a stellar 98%, meaning that the vast majority of incoming first-year students remain for their second year. This shows their confidence in the school and curriculum, and then most walk the stage for graduation. In fact, most students remain on campus to graduate. 81% of incoming students graduate within four years and 92% complete their degrees within six years.
These graduating students work hard and are strenuously vetted prior to their initial admission. With math SAT scores falling in the 790-800 range and verbal scores in the 740-780 range, new students are among the cream of the crop. In fact, Caltech's admission rate is a stringent 7%.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Engineering Majors||84 Total Graduates / 35%|
|Mechanical Engineering||30 Graduates|
|Electrical and Electronics Engineering||24 Graduates|
|Chemical Engineering||13 Graduates|
|Bioengineering and Biomedical Engineering||11 Graduates|
|All Computer Information Science Majors||64 Total Graduates / 27%|
|Computer Science||64 Graduates|
|All Physical Science Majors||54 Total Graduates / 22%|
|Physics, General||23 Graduates|
|Chemistry, General||13 Graduates|
|Geology/Earth Science, General||4 Graduates|
|Mathematics and Statistics||25 Total Graduates / 10%|
|Mathematics, General||13 Graduates|
|Computational Mathematics||12 Graduates|
|All Biological & Biomedical Majors||12 Total Graduates / 5%|
|Biology/Biological Sciences, General||10 Graduates|
|All Other Diplomas||1%|
Outcome & Salary
Caltech offers terrific outcomes for its graduates. They are not only privy to one of the nation's best technical educations, but they frequently enter jobs that provide an ample return on their initial educational investment. In fact, Caltech grads enter the workforce earning high salaries that average around $84,000, before bonuses. Their mid-career earnings rise quickly to over $151,000.
The overall return on investment (ROI) for a Caltech education is quite rosy. The projected 20-year earnings potential for a graduate is over $2.5 million. Thus, if a student is able to finance the up-front cost of education, they are sure to pay off their loans quickly and begin pocketing their full paychecks very soon.
|College Grads Early Career Salary||$84,100|
|College Grads Average Salary||$111,000|
|College Grads Mid Career Salary||$151,600|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$1,110,000|
|20 Year Salary Earnings Potential||$2,626,000|
|Cost of Education (Net Price) 4 Year||$105,444|
|10 Year Projected ROI||$1,004,556|
|20 Year Projected ROI||$2,520,556|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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