The New England Conservatory of Music

necmusic.edu

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2021 Undergraduate Tuition

$52,730

2.51% growth from 2020

2021 Average Net Price

$38,409

After Financial Aid

2019 Student Loan

0.769%

Default Rate

2021 Acceptance Rate

43.3%

952 Applicants

2021 Enrolled Students

827

89.8% Full-Time

2021 Graduation Rate

82.6%

71 Graduates

About

The New England Conservatory of Music is a higher education institution located in Suffolk County, MA. In 2021, the most popular Bachelors Degree concentrations at The New England Conservatory of Music were Stringed Instruments (34 degrees awarded), Voice & Opera (23 degrees), and Music Theory & Composition (10 degrees).

In 2021, 241 degrees were awarded across all undergraduate and graduate programs at The New England Conservatory of Music. 51.9% of these degrees were awarded to women, and 48.1% awarded men. The most common race/ethnicity group of degree recipients was white (69 degrees), 2.76 times more than then the next closest race/ethnicity group, asian (25 degrees).

The median undergraduate tuition at The New England Conservatory of Music is $52,730, which is $38,230 more than the national average for Special Focus Institutions ($14,500).

Special Focus Four-Year: Arts, Music & Design Schools Special Focus Institutions

Costs

In 2021, the median undergraduate tuition at The New England Conservatory of Music is $52,730, which is $38,230 more than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $38,409.

In 2021, 92% of undergraduate students attending The New England Conservatory of Music received financial aid through grants. Comparatively, 28% of undergraduate students received financial aid through loans.

Tuition Costs

$52,730

2021 Undergraduate Tuition

In 2021, the cost of tuition at The New England Conservatory of Music was $52,730. The cost of tuition at The New England Conservatory of Music is $38,230 more than than the overall (public and private) national average for Special Focus Institutions ($14,500).

This chart compares the tuition costs of The New England Conservatory of Music (in red) with those of other similar universities.

Average Net Price

$38,409

2021 Value

24.2%

1 Year Growth

In 2021 The New England Conservatory of Music had an average net price — the price paid after factoring in grants and loans — of $38,409. Between 2020 and 2021, the average net price of The New England Conservatory of Music grew by 24.2%.

This chart compares the average net price of The New England Conservatory of Music (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$17,060

Room and Board

$500

Books and Supplies

The average yearly cost of room and board at The New England Conservatory of Music was of $17,060 in 2021. The cost of room and board increased by 3.39% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $500. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at The New England Conservatory of Music (in red) with that of similar universities.

Financial Aid by Income Level

92%

Undergraduates Receiving Financial Aid through Grants

28%

Undergraduates Receiving Financial Aid through Loans

92% of undergraduate students at The New England Conservatory of Music received financial aid through grants or loans in 2021. This represents a decline of 1.08% with respect to 2020, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at The New England Conservatory of Music (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.769%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at The New England Conservatory of Music was 0.769%, which represents 1 out of the 130 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

The New England Conservatory of Music received 952 undergraduate applications in 2021, which represents a 17% annual growth. Out of those 952 applicants, 412 students were accepted for enrollment, representing a 43.3% acceptance rate.

There were 827 students enrolled at The New England Conservatory of Music in 2021.

The New England Conservatory of Music has an overall enrollment yield of 21.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

43.3%

Acceptance Rate in 2021

412

Accepted Out of 952

In 2021, the undergraduate acceptance rate of The New England Conservatory of Music was 43.3% (412 admissions from 952 applications). This is higher than the acceptance rate of 2020, which was 36.3%. Between 2020 and 2021, the number of applicants grew by 17%, while admissions declined by −0.962%..

This chart compares the acceptance rate of The New England Conservatory of Music (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

The New England Conservatory of Music had a total enrollment of 827 students in 2021. The full-time enrollment at The New England Conservatory of Music is 743 students and the part-time enrollment is 84. This means that 89.8% of students enrolled at The New England Conservatory of Music are enrolled full-time.

The enrolled student population at The New England Conservatory of Music, both undergraduate and graduate, is 38.7% White, 10.6% Asian, 5.8% Two or More Races, 2.18% Black or African American, 2.06% Hispanic or Latino, and 0.121% American Indian or Alaska Native.

Students enrolled at The New England Conservatory of Music in full-time Undergraduate programs are most commonly White Male (23.2%), followed by White Female (16.1%) and Asian Female (5.87%). Students enrolled in full-time Graduate programs are most commonly White Male (19.7%), followed by White Female (19.4%) and Asian Female (4.56%).

Full-Time vs Part-Time Enrollment

89.8%

Full-Time Enrollment

The total enrollment at The New England Conservatory of Music in 2021, both undergraduate and graduate, is 827 students. The full-time enrollment at The New England Conservatory of Music is 743 and the part-time enrollment is 84. This means that 89.8% of students enrolled at The New England Conservatory of Music are enrolled full-time compared with 69.7% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at The New England Conservatory of Music (in red) compares to similar universities.

Retention Rate over Time

91%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at The New England Conservatory of Music was 91%. Compared with the full-time retention rate at similar Special Focus Institutions (69%), The New England Conservatory of Music had a retention rate higher than its peers.

This chart shows the retention rate over time at The New England Conservatory of Music (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
320 enrolled students
Asian
88 enrolled students
Two or More Races
48 enrolled students

The enrolled student population at The New England Conservatory of Music is 38.7% White, 10.6% Asian, 5.8% Two or More Races, 2.18% Black or African American, 2.06% Hispanic or Latino, and 0.121% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 43.6% White, 18.4% Hispanic or Latino, and 14% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 12 students (1.45%) did not report their race.

Graduates

In 2021, 9 more women than men received degrees from The New England Conservatory of Music. The most common race/ethnicity group of degree recipients at The New England Conservatory of Music is white (69 degrees awarded). There were 2.76 times more white recipients than the next closest race/ethnicity group, asian (25 degrees).

The most common Bachelor's Degree concentration at The New England Conservatory of Music is Stringed Instruments (34 degrees awarded), followed by Voice & Opera (23 degrees) and Music Theory & Composition (10 degrees).

In 2021, the most specialized majors across all degree types at The New England Conservatory of Music, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (241 degrees awarded).

Common Jobs by Major

Graphic designers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Graphic designers (87,801 people), Elementary & middle school teachers (81,019 people), Other managers (71,519 people), Other designers (59,060 people), and Postsecondary teachers (53,913 people).

The most specialized majors at The New England Conservatory of Music in 2021 are Visual & Performing Arts (241 degrees awarded) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Surgeons, Physicians, Credit analysts, Economists, and Magnetic resonance imaging technologists

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (241 degrees awarded) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at The New England Conservatory of Music are Elementary & secondary schools (169,855 people), Colleges, universities & professional schools, including junior colleges (117,241 people), Computer Systems Design (65,551 people), Specialized design services (59,386 people), and Restaurants & Food Services (47,766 people).

The most specialized majors at The New England Conservatory of Music are Visual & Performing Arts (241 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by The New England Conservatory of Music.

Most Common (2021)

Stringed Instruments
32 degree-majors awarded
Jazz & Jazz Studies
28 degree-majors awarded
Keyboard Instruments
13 degree-majors awarded

In 2021, the most common masters degree concentration at The New England Conservatory of Music was Stringed Instruments with 32 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at The New England Conservatory of Music according to their major.

Sex Breakdown for Common Majors

116

Degrees Awarded to Men

in 2021

125

Degrees Awarded to Women

in 2021

In 2021, 116 degrees were awarded to men at The New England Conservatory of Music, which is 0.928 times less than the number of degrees awarded to females (125).

This chart displays the sex disparity between the top 5 majors at The New England Conservatory of Music by degrees awarded.

Most Common Male Majors

In 2021, 29 degrees were awarded to men at The New England Conservatory of Music in Stringed Instruments, which is 0.644 times less than the 45 female recipients with that same degree.

Most Common Female Majors

In 2021, 45 degrees were awarded to men at The New England Conservatory of Music in Stringed Instruments, which is 1.55 times more than the 29 male recipients with that same degree.

Time to Complete

67%

100% Completion Time

78%

150% Completion Time

In 2021, 67% of students graduating from The New England Conservatory of Music completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 78% completed their degrees within 150% of the normal time, and 80% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at The New England Conservatory of Music is Male and Asian (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 4.23% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
69 degrees awarded
Asian
25 degrees awarded
Black or African American
8 degrees awarded

The most common race/ethnicity at The New England Conservatory of Music is white (69 degrees awarded). There were 2.76 times more white recipients than the next closest race/ethnicity group, asian (25 degrees).

3.32% of degree recipients (8 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
43 degrees awarded
White Female
26 degrees awarded
Asian Female
14 degrees awarded

The most common race/ethnicity and sex grouping at The New England Conservatory of Music is white male (43 degrees awarded). There were 1.65 times more white male recipients than the next closest race/ethnicity group, white female (26 degrees).

Operations

The New England Conservatory of Music has an endowment valued at nearly $155M, as of the end of the 2021 fiscal year. The return on its endowment was of 40.6M (26.2%) compared to the 4.56% average return (574k on 12.6M) across all Special Focus Institutions.

In 2021, The New England Conservatory of Music had a total salary expenditure of 48.2M. The New England Conservatory of Music employs 128 No academic ranks. Most academics at The New England Conservatory of Music are Male No academic rank (83), and Female No academic rank (45).

The most common positions for non-instructional staff at The New England Conservatory of Music are: Management, with 52 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 19 employees, and Business and Financial Operations with 17 employees.

Endowment

$155M

2021 Endowment

29.8%

growth from 2020

The New England Conservatory of Music has an endowment valued at about $155M, as of the end of the 2021 fiscal year. The endowment of The New England Conservatory of Music grew 29.8% from the previous year. The value of their endowment was $142M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at The New England Conservatory of Music (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Arts, Music & Design Schools Carnegie Classification grouping.

Salary Expenditure

$24.5M

2021 Salaries

6.67%

decline from 2020

In 2021, The New England Conservatory of Music paid a median of $24.5M in salaries, which represents 50.7% of their overall expenditure ($48.2M) and a 6.67% decline from the previous year.

The median for similar Special Focus Institutions is 3.06M (42.8% of overall expenditures).

Instructional Salaries

$9.16M

Instructional Salaries

128

Number of Employees

In 2021, The New England Conservatory of Music paid a total of $9.16M to 128 employees working as instructors, which represents 37.4% of all salaries paid.

This is compared to a median of $871k (28.4%) for similar Special Focus Institutions.

Occupations by Share

No academic rank

Most Common Instructor

128 Employees

Management

Most Common Non-Instructional Employee

52 Employees

In 2021, the most common positions for instructional staff at The New England Conservatory of Music was No academic rank with 128 employees.

In 2021, the most common positions for non-instructional staff at The New England Conservatory of Music were Management with 52 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 19 employees, and Business and Financial Operations with 17 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male No academic rank
Female No academic rank

In 2021, the most common demographic for instructional staff at The New England Conservatory of Music was Male No academic rank with 83 employees, and Female No academic rank with 45 employees.

This chart shows the sex split between each academic rank present at The New England Conservatory of Music.