and STEM fields as well as professional degrees, including the Master of Business Administration (MBA). The Institute offers graduate programs leading to academic degrees such as the Master of Science (which is abbreviated as MS at MIT), various Engineer's Degrees, Doctor of Philosophy (PhD), and Doctor of Science (DSc) and interdisciplinary graduate programs such as the MD-PhD (with Harvard Medical School) and a joint program in oceanography with Woods Hole Oceanographic Institution.
Admission to graduate programs is decentralized; applicants apply directly to the department or degree program. More than 90% of doctoral students are supported by fellowships, research assistantships (RAs), or teaching assistantships (TAs).
=== Rankings ===
MIT places among the top five in many overall rankings of universities (see table right) and rankings based on students' revealed preferences. For several years, U.S. News & World Report, the QS World University Rankings, and the Academic Ranking of World Universities have …