Universities of the World: MIT

Business Initiative Directions

Massachusetts Institute of Technology, located in Cambridge, Massachusetts, is known the world over for being a first-class technology, engineering, and science university. Its academic programs are universally regarded as some of the best in the world, and in this past year, QS ranked MIT number one on their world university rankings.

Located just up the street from Harvard, MIT has a knack for taking on fun and interesting projects, like a smartphone controlled robot that functions as a bartender and a robot that assembles Ikea furniture.

But not all that MIT’s researchers and students do is frivolous fun. MIT performs some cutting edge and essential research in the effort to better understand and stop cancer, along with other deadly diseases.

MIT has produced an incredible number of astronauts as well. About one-third of all manned spaceflights in history held an MIT alumnus in its crew, a number only surpassed by the United States Service Academies.

As one would expect, many of MIT’s famous alumni fall into the categories of scientists, engineers, and researchers, however some break the mold. Ben Bernanke, the federal reserve chairman, is one of these. He received his PHD in Economics from MIT in 1979. Another famous economist from MIT is Paul Krugman, the Nobel prize-winner who currently is a Professor of Economics at Princeton and writer of a popular op-ed column for the New York Times.

MIT alumni, as expected, have gone on to find great success forming important tech and science-based companies such as Intel, McDonnell Douglas, Texas Instruments, Qualcomm, Bose, and Dropbox. As The Guardian reports:

“a survey of living MIT alumni found that they have formed 25,800 companies, employing more than three million people including about a quarter of the workforce of Silicon Valley. Those firms between them generate global revenues of about $1.9tn (£1.2tn) a year. If MIT was a country, it would have the 11th highest GDP of any nation in the world.”

 

Notable Alumni:

Buzz Aldrin – Apollo 11 astronaut, one of the first men to step foot on the moon

Kofi Anan – former UN Secretary General

Ben Bernanke – Chairman of U.S. Federal Reserve

Richard Feynman – Nobel Prize-winning Physicist

Paul Krugman – Nobel Prize-winning economist, columnist for the New York Times

Benjamin Netanyahu – Israeli Prime Minister

Cass Gilbert – architect of the U.S. Supreme Court building

 

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