The New Jersey Institute of Technology (NJIT) is a public, research university located in Newark, New Jersey. Founded in 1881 and beginning with only 88 students, it received significant support from local industries and inventors at the time. Since then, the school has increased enrollment to over 11,400 and has earned the highest research rating possible. The administration, faculty, and staff are dedicated to supporting and increasing the number of high-achieving students on campus, as well as providing challenging, hands-on, and relevant curriculum.
Overview of New Jersey Institute of Technology
The university continually invests in the renewal of existing facilities and the addition of new spaces in order to provide an exceptional teaching, learning, and living environment for all. It also has a huge impact on the state, with a $2.8 billion annual impact on the economy.
In addition to traditional instruction, students can take advantage one of many extensive continuing professional education programs or online courses. These are intended to offer important training for professionals who already have employment.
It’s also important to note that the New Jersey Institute of Technology is fully accredited by all the appropriate accrediting boards, commissions, and associations. Agencies of note include the Middle States Association of Colleges and Schools (MSA), Accreditation Board for Engineering Technology (ABET), Association to Advance Collegiate Schools of Business (AACSB), and National Architectural Accrediting Board (NAAB).
|Campus Setting||City: Large|
|Student Faculty Ratio||17:1|
Top Rankings For New Jersey Institute of Technology
#26 in ROI Colleges
#42 in Computer Science
#90 in Most Affordable Software Engineering
#1 in New Jersey MBA Colleges
#35 in MBA Finance Colleges
#8 in MBA Information Systems Colleges
#33 in MBA Marketing Colleges
#37 in Part Time MBA
#15 in Hybrid MBA
New Jersey Institute of Technology Reviews
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|High School GPA||Required|
|High School Rank||Considered But Not Required|
|High School Transcripts||Required|
|College Prep Courses||Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||March 1|
|Common Application Accepted||Yes|
Tuition Cost & Financial Aid
The New Jersey Institute of Technology claims they are proof that students can earn a well-respected degree from a top-ranked university for an affordable rate. In 2017, the university was recognized as a great return on investment for both in-state and out-of-state students by PayScale.com.
The estimated expenses for New Jersey residents attending undergraduate classes full-time during a recent academic year was $17,674. Out-of-state students paid $33,386 for tuition and fees, plus additional indirect costs. These totals do not, however, include room, board, books, supplies, and other various costs, which students living on campus can expect will be approximately $19,995 a year. Choosing to live off campus can be more expensive. These students may pay as much as $23,800 per year.
The average graduate student tuition and fees for the same year were $23,828 for in-state students and $33,744 for out-of-state students. Again, room and board, books, supplies, and additional costs are not included. These extra expenses are estimated to be $18,495 for students living on campus and $22,300 for students living off campus.
Many NJIT students receive some form of financial aid. Students may qualify for a full range of financial aid options and opportunities based on need, academic excellence, or area of study. It’s possible to offset costs with scholarships, grants, loans, work-study positions, internship programs, and research opportunities.
|Average net price||2017-2018|
|Average Total Aid||$14,602|
|Students Receiving Financial Aid||92%|
|Room & Board||$13,900|
- Tuition In-State - $17,674
- Tuition Out-of-State - $33,386
- Books and Supplies - $2,900
- Room & Board - $13,900
- Other - $4,100
The New Jersey Institute of Technology is top-ranked and offers over 125 undergraduate and graduate degree programs through six professional schools and colleges: Albert Dorman Honors College; College of Architecture and Design; College of Computing; College of Science and Liberal Arts; Newark College of Engineering; and the School of Management. By utilizing an interdisciplinary approach to learning, the university offers the opportunity for students to study in fields beyond their major.
Of the 281 tenured and tenure-track faculty, 98% of them hold doctoral degrees or have the highest degree attainable in their field. With a student-to-faculty ratio of 17 to 1, they are relatively approachable and easy to access.
Additionally, the university has an 88% retention rate for full-time, first-time students pursing bachelor’s degrees. This means a significant portion of students are retained after the first year of enrollment. The national average retention rate is 68%, indicating that students are satisfied with their experiences overall. It’s also worth noting that this rate has remained consistent for many years.
Graduation rate is another important statistic. While most students strive to graduate from undergraduate programs within four years, some programs take longer to complete. On average, the four-year graduation rate at The New Jersey Institute of Technology was 47% in 2015. The six-year graduation rate, on the other hand, is 67%. Based on this information, it seems that most students remain enrolled until graduation, but a significant portion of them require additional time to finish the necessary coursework.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Engineering Majors||668 Total Graduates / 41%|
|Mechanical Engineering||219 Graduates|
|Civil Engineering, General||125 Graduates|
|Electrical and Electronics Engineering||95 Graduates|
|Chemical Engineering||92 Graduates|
|Bioengineering and Biomedical Engineering||54 Graduates|
|All Computer Information Science Majors||393 Total Graduates / 24%|
|Information Technology||200 Graduates|
|Computer and Information Sciences, General||144 Graduates|
|Information Science/Studies||47 Graduates|
|Computer Science||2 Graduates|
|Engineering Technology and Engineering-Related Fields||228 Total Graduates / 14%|
|Engineering Technology, General||222 Graduates|
|Engineering-Related Technologies, Other||6 Graduates|
|All Business Majors||92 Total Graduates / 6%|
|Business Administration and Management, General||91 Graduates|
|International Business/Trade/Commerce||1 Graduates|
|Architecture and Related Services||86 Total Graduates / 5%|
|Architectural and Building Sciences/Technology||86 Graduates|
|All Other Diplomas||11%|
Outcome & Salary
Most undergraduate and graduate students are successful after graduating from the New Jersey Institute of Technology. According to the 2018 Career Development Services report, 90.7% of bachelor’s degree graduates were employed full-time, employed part-time, had an internship, or were attending graduate school. Numbers for those who graduated with a master’s degree were slightly less impressive, with 80.6% falling into the above-mentioned categories.
The average starting salary for all reporting bachelor’s degree graduates was $63,741. This is well above the average starting salary for all college graduates of $50,516 reported that same year. The average starting salary for master’s graduates was $70,898.
The highest paid undergraduate majors included:
- Human Computer Interaction
- Computer Science
- Chemical Engineering
- Computer Engineering
- Computer Technology
Some of the top employers for the New Jersey Institute of Technology graduates included:
- GEP Worldwide
- JP Morgan Chase
- NJ Innovation Institute
- Rutgers University
|College Grads Early Career Salary||$64,600|
|College Grads Average Salary||$80,000|
|College Grads Mid Career Salary||$121,300|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$800,000|
|20 Year Salary Earnings Potential||$2,013,000|
|Cost of Education (Net Price) 4 Year||$71,420|
|10 Year Projected ROI||$728,580|
|20 Year Projected ROI||$1,941,580|
|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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