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Middlebury Institute of International Studies at Monterey

Monterey, CA · official site ↗

Private nonprofitMaster's, Larger ProgramsSmall
99
Fin. Resilience
Resilience score

vs. 155 peers in its group

Middlebury Institute of International Studies at Monterey is a private nonprofit institution in Monterey, CA, classified by Carnegie as “Master's, Larger Programs.”

It enrolls about 4 undergraduates and is benchmarked here against 155 peer institutions (Master's, Larger Programs · Private nonprofit).

On Ibex's Financial Resilience score it rates 99 out of 100 within that peer group, a transparent composite of endowment per undergraduate, net tuition revenue per student, and instructional spend per student.

Its strongest standing relative to peers is endowment per undergrad ($41.1M, 100th percentile).

Its weakest is field-demand outlook (10-yr) (+3.5%).

Ibex's cross-metric scan flags: Undergrad enrollment down 80% since 2016.

Peer group

Master's, Larger Programs · Private nonprofit

155 institutions

Undergrad enrollment down 80% since 2016
Policy & demographic exposure

How exposed Middlebury Institute of International Studies at Monterey is to the structural shifts reshaping higher ed: a composite structural-risk index plus the 2025 federal budget law’s endowment excise tax and Grad PLUS elimination and the demographic enrollment cliff. Only signals that apply to this institution are shown.

Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%; a directional feeder-market signal, not an enrollment forecast.
-27.7%
Severe decline

Indicative signals, not forecasts — see each metric’s definition and the methodology. Endowment-tax and Grad PLUS figures appear only where the institution is actually exposed; “nationally” compares against all schools that report each signal.

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Financial Health Index
6.8
on a −4 to 10 scale
Financial Health IndexStrong

NACUBO Composite Financial Index — the balance-sheet health score accreditors and institutional boards use to gauge financial health; bond-rating agencies track similar ratios. reported at parent/system level — reflects Middlebury College (excluded from rankings and peer percentiles).

Primary reserve 35%54.9 mo
Reserves vs. debt 35%5.17×
Return on net assets 20%0.5%
Operating result 10%-3.4%

Composite of four ratios on a strength-factor scale (−4 weak → 10 strong): below 3 falls short of the threshold for financial health, below 1 signals acute stress, and above 6 is strong. Computed from IPEDS FY2022-23, the most recent finance release (it lags the current year by 2–3 years). Branch campuses that report finances at a parent/system level can show distorted ratios. For informational benchmarking, not a credit rating or financial advice.

Revenue composition
Where the money comes from $314.8M total revenue · IPEDS FY2022-23

Reported at parent/system level — reflects Middlebury College.

Tuition & fees is the largest single source at 56% of revenue.

Tuition & fees56.0%
Private gifts & grants22.0%
Other revenue18.7%
Government grants & contracts3.2%

Where each dollar of revenue comes from, as a share of total positive revenue. Sources are standardized across public (GASB) and private (FASB) reporting; a net investment loss in a down market is shown as 0% and excluded from the mix.

Financial Health
Net tuition revenue / FTETuition revenue per full-time-equivalent student after institutional aid/discounts — what tuition actually nets.
Strong
$34,470
98th percentile in peer grouppeer median $16,612
Instructional spend / FTESpending on instruction per FTE student — how much of the budget reaches the classroom.
Strong
$21,337
99th percentile in peer grouppeer median $9,630
Endowment (end of year)Total endowment value at year end — long-term invested wealth that funds operations and cushions shocks.
Strong
$164.6M
78th percentile in peer grouppeer median $65.8M
Avg monthly faculty salaryAverage monthly salary of full-time faculty (IPEDS) — a proxy for faculty investment.
Strong
$11,958
95th percentile in peer grouppeer median $8,605
Average monthly salary of full-time faculty, as reported to IPEDS.
Endowment per undergradEndowment divided by undergraduate headcount — endowment wealth behind each undergrad.
Strong
$41.1M
100th percentile in peer grouppeer median $37,503
Endowment per FTE studentEndowment per full-time-equivalent student — the FTE-correct measure of endowment wealth per student.
Strong
$199,748
100th percentile in peer grouppeer median $25,304
End-of-year endowment ÷ 12-month FTE enrollment — endowment wealth per full-time-equivalent student. The FTE-correct companion to endowment-per-undergraduate; FTE counts graduate and part-time load, so research universities look less wealthy on this basis than on a headcount basis.
Operating marginNet surplus as a share of total revenue — whether the institution runs in the black.
Thin
2.2%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Tuition dependencyTuition's share of total revenue — how exposed the budget is to enrollment swings.
56%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Tuition discount rateInstitutional grant aid as a share of gross tuition (IPEDS, private nonprofits only) — the tuition-discount rate. The share of sticker tuition handed back as aid; a high rate (the national average is ~56%) signals heavy price competition for students.
Moderate
33.8%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
State appropriations shareState appropriations' share of total revenue — material for public institutions, near zero for private.
0%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Administrative cost shareInstitutional support (central administration, governance, general administration, fundraising, and under FASB the operation & maintenance of plant) as a share of total expenses — private nonprofit (FASB) institutions only, where the figure is comparable. An informational gauge of administrative intensity, not a measure of waste.
18.4%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Months of operating cushionMonths of operating expenses covered by expendable reserves — the institution's cash cushion.
Strong
54.9 mo
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Reserves vs. debtExpendable reserves divided by long-term debt — whether reserves could cover the debt.
Strong
5.17×
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Return on net assetsChange in net assets over the year — whether the institution grew wealthier.
Weak
0.5%
Parent/system level
Reported at parent/system level — reflects Middlebury College. Excluded from rankings and peer percentiles.
Graduation & completion
Graduation rate · first-time, full-time
—

Not reported — this institution has no first-time, full-time bachelor's-degree cohort, so the graduation rate does not apply. See the all-students completion rate.

Completion rate · all students
53.8%

53.8% earned a degree or certificate within 8 years (IPEDS Outcome Measures)
The broader cohort — also counts part-time entrants and transfer-ins, and any credential. More inclusive, so it can run higher than the graduation rate.

Why two numbers? They measure different students over different windows, so they are not directly comparable. The graduation rate is the standard federal headline but tracks only first-time, full-time students through a bachelor's; the all-students completion rate adds the part-time and transfer students it leaves out, over a longer window. Read each for what it covers. Source: U.S. Department of Education — IPEDS Graduation Rates & Outcome Measures, via College Scorecard.

Enrollment & Pipeline
Undergraduate enrollmentNumber of degree-seeking undergraduates (IPEDS fall headcount). A size measure, not a quality signal.
4
1st percentile in peer grouppeer median 2,135
Pell recipient shareShare of undergraduates on a federal Pell Grant — a proxy for the share from lower-income families.
41.7%
77th percentile in peer grouppeer median 32.8%
Program concentration (HHI)How concentrated a school's annual completions are across academic fields, as a Herfindahl-Hirschman Index (10,000 = one field, lower = many). Higher means more reliance on a few fields; lower means a diversified program portfolio.
Moderately concentrated
1,542
— percentile in peer group
How concentrated the institution's degree and certificate output is across academic fields (CIP 2-digit families), as a Herfindahl-Hirschman Index on the latest year's completions: 10,000 means every completion is in one field; lower means output is spread across many. A higher value means the school leans on fewer fields and is more exposed to demand shifts in them; a lower value reflects a broad program portfolio. Shown for institutions reporting at least 100 annual completions. A structural-diversification signal, not a measure of quality.
12-month FTE enrollmentFull-time-equivalent enrollment over the full year — the denominator for per-student finance measures.
824
1st percentile in peer grouppeer median 3,076
Full-time-equivalent enrollment over the full 12-month year (IPEDS 12-month enrollment, 2022-23). Counts part-time students at their fractional load, so it runs above fall full-time headcount and is the denominator used for per-student finance measures.
Student-faculty ratioStudents per instructional faculty member — lower usually means smaller classes and more contact.
1:1
1st percentile in peer grouppeer median 13:1
Students per instructional faculty member (IPEDS, fall 2023). Lower generally means smaller classes and more faculty contact, though the measure mixes undergraduate and graduate teaching and is institution-reported.
Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%; a directional feeder-market signal, not an enrollment forecast.
Severe decline
-27.7%
— percentile in peer group
Projected change in the number of high-school graduates in the institution's HOME STATE from the class of 2025 (the national peak) to 2041, per WICHE's Knocking at the College Door, 11th Edition (Dec 2024). The 'enrollment cliff' is the post-2008 birth decline reaching college age; the U.S. total is projected to fall about 13% over this window. A college recruits from many states, so its home-state projection is an indicative directional signal of feeder-market pressure, not a forecast of that institution's own enrollment.
Completion rate (all students · 8-yr)Of ALL entering degree-seeking undergraduates — full- and part-time, first-time and transfer-in — the share who earned a degree or certificate at this institution within eight years (IPEDS Outcome Measures). Broader than the graduation rate, which counts only first-time, full-time students, so the two are measured on different students and are not directly comparable.
Below peers
53.8%
26th percentile in peer grouppeer median 61.6%
Share of ALL entering degree-seeking undergraduates — full- and part-time, first-time and transfer-in — who earned a degree or certificate at this institution within eight years (IPEDS Outcome Measures, via College Scorecard). Broader and more inclusive than the graduation-rate figures, which count only first-time, full-time students entering a bachelor's program — so the two are measured on different groups of students and are not directly comparable.
Student body
Undergraduate race & ethnicity IPEDS 2024-25
White50.0%
Hispanic/Latino50.0%

Undergraduate enrollment by race and ethnicity, as reported to IPEDS (College Scorecard). “International” denotes nonresident students; “Unknown” means race/ethnicity was not reported.

Student Outcomes & Risk
Median earnings (10 yr)Median earnings of former students ten years after first enrolling (working, federally-aided students).
Strong
$76,310
91st percentile in peer grouppeer median $57,273
Median debt at graduationMedian federal loan debt graduates carry at the point they complete.
Strong
$13,857
3rd percentile in peer grouppeer median $25,000
3-yr cohort default rateShare of borrowers who default within three years of entering repayment. Lower is better.
Strong
1%
1st percentile in peer grouppeer median 5.5%
Share of borrowers who defaulted within three years of entering repayment (U.S. Dept. of Education official cohort default rate). Shown for the FY2017 borrower cohort — the most recent cohort whose full three-year default window closed before the 2020-23 federal student-loan payment pause. More recent cohorts are reported by the College Scorecard at essentially 0%, but that reflects the payment pause (no payments were due, so almost no one could default), not borrower health, so the pre-pause cohort is the last meaningful reading. Lower is better.
Share taking federal loansShare of students taking out federal loans — a borrowing-reliance signal.
58.3%
65th percentile in peer grouppeer median 52.5%
Full-time faculty shareShare of faculty employed full-time — higher generally means more availability and continuity.
Average
65.7%
61st percentile in peer grouppeer median 54.7%
Debt-to-earnings ratioMedian graduate debt divided by median earnings — how heavy the debt load is versus what graduates earn. Lower is better.
Strong
0.18×
1st percentile in peer grouppeer median 0.42×
Field-demand outlook (10-yr)Employment-weighted 10-year BLS job-growth projection for the occupations this school's program mix feeds (U.S. all-occupations benchmark +3.1%). An indicative broad-field demand signal, not a program-specific or placement guarantee.
Outpaces job-market average
+3.5%
14th percentile in peer group
Projected 10-year (2024-34) change in U.S. employment for the occupations this institution's degrees and certificates feed, blended across its program mix. Built by mapping each CIP 2-digit field to its occupations via the NCES CIP-SOC crosswalk, taking the employment-weighted average of each occupation's BLS-projected percent change, then weighting fields by the institution's latest-year completions. The U.S. all-occupations benchmark is 3.1%, so a higher value means the school's graduates concentrate in faster-growing labor markets. An INDICATIVE field-level signal at broad-field granularity — not a program-specific or graduate-specific projection, and not a placement or earnings guarantee. Structurally diffuse CIP families whose crosswalk maps to 'any job' are excluded from the signal: 05 Area/Ethnic/Gender Studies, 24 Liberal Arts & Humanities, and 30 Multi/Interdisciplinary. Shown where at least 50% of completions fall in fields with a coherent occupational mapping and the school reports 100+ annual completions.
Loan repayment rate (3-yr)
87.7%
99th percentile in peer grouppeer median 61.1%
Share of student-loan borrowers who had repaid at least $1 of their loan principal within three years of entering repayment (College Scorecard, FY2024-25). Read it as context, not a simple good/bad score: a low rate can mean borrowers are struggling, but it can also mean many graduates have postponed payments while enrolled in graduate or professional school, which is common at selective schools and pushes their rate down. Unlike the cohort default rate, it is not distorted by the 2020-23 federal payment pause. Reported only where enough borrowers exist.
Top fields of study (bachelor's)

Middlebury Institute of International Studies at Monterey’s largest fields by completions, with graduate earnings (4 years out) and debt benchmarked against the same field at its peer group. Sparklines show the 8-year completions trend.

FieldCompletions / yrMedian earnings, 4 yrs outMedian debtEarnings premiumRisk score
Social Sciences6$92,728
100th pct · 59 peers
—Above benchmark +141%Moderate · 46

All 1 top fields shown clear the CA state earnings-premium benchmark (indicative).

Earnings-premium status is an indicative estimate: median graduate earnings four years out vs the CA state median earnings of a high-school graduate (undergraduate credentials) or a bachelor’s-degree holder (graduate credentials) from the U.S. Census Bureau’s American Community Survey (2022 ACS 5-year). The official U.S. Department of Education determination uses its own cohort definition and may differ.

The risk score (0–100) is an indicative blend of earnings-premium margin and the five-year completions trend—higher means a field pays closer to (or below) the benchmark and is shrinking. A directional screen, not an official determination.

See the interactive dashboard for all fields and credential levels (associate through doctoral). Source: College Scorecard Field of Study.

Frequently asked
How financially healthy is Middlebury Institute of International Studies at Monterey?
Middlebury Institute of International Studies at Monterey does not file its own IPEDS finance survey — its finances are reported by its parent institution, Middlebury College, which scores 6.8 (Strong) on the NACUBO Composite Financial Index (the −4 to 10 balance-sheet score accreditors and boards use), computed from IPEDS FY2022-23 finances. This parent-level figure is informational benchmarking, not a credit rating.
What is Middlebury Institute of International Studies at Monterey's student-faculty ratio?
Middlebury Institute of International Studies at Monterey reports a student-faculty ratio of 1:1 (IPEDS, fall 2023) — that is, about 1 students for every instructional faculty member.
How much do Middlebury Institute of International Studies at Monterey graduates earn?
Median earnings ten years after entry are $76,310 (College Scorecard), measured across students who received federal aid.
Are Middlebury Institute of International Studies at Monterey's programs at risk under the federal earnings-premium test?
Indicatively, at Middlebury Institute of International Studies at Monterey, the single largest field with available earnings data clears the CA state earnings-premium benchmark used by the 2025 federal test (effective July 1, 2026) — median graduate earnings (four years out) exceed those of a typical worker without the credential. This is an estimate using College Scorecard earnings vs ACS medians; the official Department of Education determination may differ.
Which schools are Middlebury Institute of International Studies at Monterey's peers?
Middlebury Institute of International Studies at Monterey is benchmarked against 155 institutions in the Master's, Larger Programs · Private nonprofit peer group; all percentiles and medians on this page are computed within that group.
Compare with peers
Antioch University-New EnglandKeck Graduate InstituteAntioch University-Los AngelesAmberton UniversityGolden Gate UniversityUniversity of the Southwest

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Source: U.S. Department of Education — College Scorecard & IPEDS (most recent releases), with the U.S. Census Bureau (ACS), the U.S. Bureau of Labor Statistics (Employment Projections, field-demand outlook) and WICHE (enrollment-cliff projections). Figures lag the current academic year by roughly two to three years. Percentiles and medians are computed within the institution's peer group. Financial Resilience is a transparent composite — see each component above. Compiled by Ibex Insights.