No, they are not. MIT is the Massachusetts Institute of Technology, which is completely separate from Harvard. They are both situated in Cambridge, Massachusetts, however.
MIT: Massachusetts Institute of Technology
Harvard University and MIT are both in Cambridge, MA (near boston). Both Private institutions.
Harvard is ranked in many areas higher than MIT, has the most known endowment in the World with $32billion in 2011, oldest university in the nation, largest university library in the nation, and has more students than MIT, Harvard has a bigger campus area than MIT, participates in IVY LEAGUE athletic and NCAA Division I.
MIT is more specialized in Scientific and Technological Research, around $9.9 billion in endowment in 2011, NCAA Division III.
I would say the two institutions are both great, but when you compare, you must look at the individual categories of school or majors.
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