About New Jersey Institute of Technology: One of only 35 polytechnic universities in the United States, New Jersey Institute of Technology (NJIT) is an R1 (most elite) Carnegie Classification research university that spurs economic growth and prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT is an economic engine with a $2.8 billion annual economic impact on the State of New Jersey and is a catalyst for applied research, conducting more than $155 million in research activity each year. Ranked No. 1 nationally by Forbes for the upward economic mobility of its lowest-income students, NJIT also is ranked in the top 2% of colleges and universities nationally for the mid-career earnings of graduates, according to PayScale.com. NJIT is ranked No. 39 nationally by The Princeton Review as a Best Value College and is rated among the top 50 public colleges and universities nationwide by U.S. News & World Report.