MIT grad school acceptance?

MIT grad school acceptance?
I am junior at University of Texas at Austin. I am an Electrical and Computer Engineering major with a gpa 3.54. I think i can get it up to 3.6 in the next year!
I recently took the GRE…720 verbal, 800 math and 5 on Essays.
I have a year of research experience so far and I will probably do another year of research.
I had an internship last summer and i will probably have another internship next summer.
I am part of IEEE, Robotics Club and the math club.
I can get a couple of good recommendation letters from my professors and my boss at my internship.

I think my weak point is the low gpa…just wondering if it is enough…

What are my chances of getting into MIT engineering grad school?
If not MIT, what other big schools can i get into?

Firstly, graduate admissions are not as “objective” as undergraduate admissions. Now, for an engineering student, your GPA is fine and the GRE is merely a formality to prove that your degree is worth the paper on which it is printed.

However, having seen my share of graduate applications, I will say that, based upon what you’ve posted, there isn’t anything spectacular about your application. Our program is mid-ranked (20-50) but we only accept MA students if they are PhD worthy. I can assume that MIT is the same. Also, admission is really competitive. Many programs are turning away very good students who would have been accepted in my day (10 or so years ago). I can’t say that you don’t have a shot, but I wouldnt start building a tolerance for foul odors either (the Engineeering complex is immediately downwind of the river which smells really bad).

It really will come down to your LORs (letters of rec.) and SOP (statement of purpose). “Good” letters are seen as bad. A letter detailing how your dilligence as a student resulted in an A is not a good letter. Your letters should discuss your uncommon curiosity or superior abilities. Unfortunately, you haven’t any control over what your professors say but you have full control over your SOP. In your SOP, you should communicate your passion for the field and discuss how your experiences have prepared you for graduate work.