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Home > Company Index > Diversified Services > Colleges & Universities > Massachusetts Institute of Technology

Massachusetts Institute of Technology
 NEWS FROM THE STANDARD
Russian Hacker Pleads Not Guilty, Protests Continue
Aug 30 2001 04:49 PM PDT

Building a Better Bio-Supercomputer
Jun 11 2001 12:00 AM PDT

XML Is Now the Standard Language for the Internet
May 02 2001 05:47 PM PDT

The Xanadu Effect
Feb 12 2001 12:00 AM PST

What's So New About the New Economy?
Oct 30 2000 12:00 AM PST

 PROFILE
It is patently clear that the Massachusetts Institute of Technology (MIT) is one of the nation's leading research universities. The school receives more than 300 patents a year, ranking it above all but the University of California. Founded in 1865, privately endowed MIT is considered one of the world's most prestigious science and engineering institutions. Research accounts for some 60% of the school's revenue and has led to such advances as a magnetic core memory that allowed digital computers to be developed. The US Department of Defense, NASA, and other government agencies sponsor much of its research. MIT is composed of five schools with 27 academic departments and has an enrollment of about 10,000.

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 2,191.40
1-Yr. Sales Growth: 41.5%
Employees: 8,400
Revenue per employee: $260,880.95

 KEY PEOPLE
• Charles M. Vest
    CEO
• Allan S. Bufferd
    CFO

 CONTACT INFO
77 Massachusetts Ave.
Cambridge, MA 02139
US
Phone: 617-253-1000
Fax: 617-253-8000
Online: Web Site

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