Rose-Hulman Institute of Technology (RHIT) was founded in 1874 as the Rose Polytechnic Institute. For 16 years in a row, U.S. News & World Report has ranked Rose-Hulman number one among institutions with master’s in engineering as its highest degree. RHIT is home to 2,100 undergraduate and 100 graduate students majoring in engineering, science or mathematics, and the classrooms boast faculty student ratios of 1:13, with class sizes averaging just 20 students. Rose-Hulman Institute of Technology is also ranked in the Payscale Top 10 for starting salaries, with nearly 100 percent of students obtaining jobs after graduation at an average starting salary of $64,000.