The institute is traditionally known for its research and education in the physical sciences and engineering, but more recently in biology, economics, linguistics and management as well. MIT is often ranked among the world's top universities.
As of October 2018, 93 Nobel laureates, 25 Turing Award winners, and 8 Fields Medalists have been affiliated with MIT as alumni, faculty members or researchers. In addition, 52 National Medal of Science recipients, 65 Marshall Scholars, 45 Rhodes Scholars, 38 MacArthur Fellows, 34 astronauts and 16 Chief Scientists of the U.S. Air Force have been affiliated with MIT.
The school also has a strong entrepreneurial culture and the aggregated annual revenues of companies founded by MIT alumni ($1.9 trillion) would rank roughly as the tenth-largest economy in the world (2014). MIT is a member of the Association of American Universities (AAU).
According to wikipedia