 MIT , with five schools and one college which contain a total of 34 departments , is often cited as among the world 's top universities . The Institute is traditionally known for its research and education in the physical sciences and engineering , and more recently in biology , economics , linguistics , and management as well . The " Engineers " sponsor 31 sports , most teams of which compete in the NCAA Division III 's New England Women 's and Men 's Athletic Conference ; the Division I rowing programs compete as part of the EARC and EAWRC . 
