77 Massachusetts Ave, Cambridge, MA 02139-4307 - 617.253.1000

In addition to the 23 alumni Nobel prizes MIT has 9 Faculty Nobel prizes. See also:
MIT Innovation here
MIT Chronology: Institute Archives & Special Collections: MIT
The MIT Index: Invention

MIT 1998, when Tom was a student there, they were ranked number 1 or tied for 1 in 6 of 8 science and engineering diciplines and number 2 in the other 2 according to US News and World report's ranking of U.S. Graduate schools.
This is more than any any other other University.
It is also tied for number 1 in economics and in the top 10 in political science.

They are usually ranked from 2 to 5 in the world among all Universities.

MIT is also a leader in entrepreneurship.
In MIT's Entrepreneurial Development and Impact Over the Past 50 Years (2010), professor Edward B. Roberts summarizes their 2006 study of MIT alumni:
MIT alums launched 25,800 companies still active, employing 3.3 million people and and generated revenues of almost one trillion dollars. Put in other terms, living MIT alumni constitute the equivalent of the eleventh largest economy in the world.

Another report says:
MIT is the center of a world-leading biotech cluster, with 95 biotech companies clustered around the Kendall Square area. Prof. Fiona Murray found that 65 out of MIT's 493 life scientists have founded or served on the boards of directors of at least one venture-funded company.

MIT's Sloan School of Management is ranked number 3 for entrepreneurship

See MIT Entrepreneurship Review

Brief History:
1861 - MIT Incorporated - William Barton Rogers is president.
1865 - First classes in Boston Back Bay
1873 - First female graduate
1882 - MIT establishes, within the Department of Physics,
       the nation's first curriculum in electrical engineering.
1914 - Course in engineering administration established
1914 - First formal course in aeronautial engineering
      (11 yrs after Wright Bros. first flight)
1916 - Campus moved from Boston just across the Charles River to Cambridge.
1931 - MIT establishes the Alfred P. Sloan Fellows Program, the first program
       in the U.S. to provide mid-career managers with expertise in management.
1932 - Administration create three schools (Engineering, Science, and Architecture)
1941 - Doctoral program in economics established.
1940-45 - MIT's Radiation Laboratory (Rad Lab) created. It was responsible for
      most of the microwave radars used by the U.S. during World War II. 
1945 - Vannevar Bush authored the article "As We May Think" in the Atlantic Monthly
    in which he first proposed his idea of the Memex machine, which would help people sort
    through the enormous amount of published information available throughout the world.
1940's and 50's - Paul Samuelson applies mathematical techniques to economic analysis
       Wins the Nobel Prize in Economics in 1970
1950 - School of Management established
1951 - Lincoln Lab opened as a technical and scientific research center
       on electronic systems.
1951 - Course in nuclear engineering organized.
1963 - Project MAC (Mathematics and Computation) organized 
     (name changed to Laboratory for Computer Science in 1975)
1968 - MIT and Wellesley agree to cross registration of their students.
1970 - Harvard-MIT Program in Health Sciences and Technology is established.
1982 - Whitehead Institute for Biomedical Research established
1983 - Project Athena, to explore the use of computers in the educational process
1984 - MIT establishes the Media Laboratory.

The MIT Campaign for a Better World: I thought MIT president L. Rafael Reif's spring 2016 "President's Letter" in the Spectrum was especially good.

AT MIT, WE FOCUS ON INVENTING THE FUTURE. We push past the edges of human understanding. We make new ways of seeing, and we see new ways of making. We inspire our extraordinary students, and they inspire us right back. We take on great challenges. And through clear-eyed, hands-on problem solving, we deliver new knowledge, new tools, new seekers, and new solutions—and we open wild new frontiers.

In that sense, MIT’s greatest invention may be itself—an unusual concentration of unusual talent, restlessly reinventing itself on a mission to make a better world.

Since MIT was founded to help a young nation seize its future as an industrial powerhouse, the people of MIT have been busy solving hard problems and answering big questions, and they have left society transformed. Today, everyone at MIT is hacking societal problems. And we see humanity’s pressing global challenges as invitations to action.

As we look to the horizon, we see a future where fundamental science unlocks vital new knowledge and unleashes unprecedented innovation . . . where climate change yields to climate action . . . where clean energy is as universal as the sunrise . . . where every member of the human family can count on clean water and nourishing food . . . where smart cities inspire wise communities, and the digitally daring drive bold advances for humanity . . . where we converge on ways to detect disease before it has symptoms, to reduce cancer to an inconvenience, and to make a vaccine for HIV as routine and effective as a tetanus shot . . . where Alzheimer’s itself is just a memory . . . where new nano-everything solves old, enormous problems . . . where good ideas don’t languish in the lab but flourish in the marketplace . . . where daring companies of every size create thriving industries and achieve lasting progress . . . where prosperity is measured not in dollars alone but in the currency of art, culture, and understanding . . . where quality education is radically more available and massively more effective . . . and where we offer the world’s undiscovered talent a digital path to a creative future.

As we strive to meet these challenges, we seek allies who share our sense of mission, urgency, and infinite possibility. We invite you to join us in creating the future.

This is the MIT Campaign for a Better World.

Let’s get started!

Some Labs and research centers:
Lincoln Lab - Research center for electronic systems.
Media Laboratory - Envisioning the impact of emerging technologies on everyday life.
CogNet - Online location for the brain and cognitive science research and interchange.
Whitehead Institute for Biomedical Research

Some Well Known ALumni:
  • 29 are Nobel Laureates.
  • More than one-third of the nation's space flights have included MIT-educated astronauts
  • Architecture - IM Pei
  • Economics, Business & Finance -
    Lawrence Summers '75, former Secretary of the Treasury
    Ben Bernanke - Chairman of the Federal Reserve
    Alfred P. Sloan 1895, long-time President & Chairman, General Motors
    Amar Bose '51 founder, Bose Corporation
  • Computing -
    Mitch Kapor '80, founder, Lotus Development Corporation
    Kenneth Olsen '50, founder, Digital Equipment Corporation
    Ray Kurzweil '70, inventor of OCR and speech-to-text technologies
  • Science -
    George Smoot - Black body form, cosmic microwave background radiation.
    Robert Van de Graaff - Designer of the Van de Graaff generator,
        a device which produces High voltages.
  • Politics -
    John H. Sununu '63, Governor of New Hampshire (1983-89) and former White House Chief of Staff under President George H. W. Bush
    John E. Sununu '87, former US Senator
    Benjamin Netanyahu '75, prime minister of Israel
  • Radio - Tom Magliozzi '58 and Ray Magliozzi '72, Click & Clack from NPR's Car Talk

See Notable Alumni at MIT and MIT Innovation here for more.

last updated 8 Nov 2010