No. 3 Massachusetts Institute of Technology (MIT)
Massachusetts Institute of Technology (MIT) in Cambridge, Mass., comes in at No. 3 on PayScale's list, with engineering undergrads boasting average starting salaries of $68,400 and midcareer salaries of $118,000. For regular undergrads, tuition for 2013-2014 is $21,605. MIT's School of Engineering offers programs in aeronautics and astronautics; biological engineering; chemical engineering; civil and environmental engineering; electrical engineering and computer science; materials science and engineering; mechanical engineering; and nuclear science and engineering. MIT also offers a number of short programs and continuing education with coursework in everything from robotics and systems engineering to enterprise transformation and information and communication technologies.