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It took me ages to correctly understand the US expression “in the world”. It doesn’t literally mean that something is the “best in the entire world”, it usually means it is US American and/or pretty good.
Except, it is one of the best engineering schools in the world.
Except when it does in fact mean best in the entire world
Only in "international university rankings" that treat essentially classes being given in the English language as about 1/3 of the score or as they call it, "easiness for international students".
Or in other words, "for international students" they're one of the best in the World, to a large extent because all lessons are in English so all else being the same, universities in English-speaking countries will always come above universities in non-English speaking countries because English is the main Lingua Franca at the moment.
Also a lot of the other quality metrics (such as number of published papers) actually measure research proeficiency rather than teaching quality, which whilst relevant for post-grads, isn't quite as relevant for most students.
Whether if measured from the point of view of the main student community they serve rather than "international post-grad student" MIT is the best in the World, is unclear.
That's because your education isn't the best in the anywhere.