Information technology (IT) has become the major facilitator of business activities in the globalized world. The information technology depends on the organizational strategy, organizational structure, corporate culture, management, business processes, individuals, roles, social responsibilities, and ethical issues are more important. Therefore, there seems to be significant differences amongst management information system (MIS) students in their perception of IT ethics in the private and public universities of Iran. The paper aims to empirically examine this difference. The study examined that the MIS students have the same ethical beliefs. A sample of 158 students from private and public universities in Iran responded to a questionnaire which measured the ethical beliefs. The principal research method employed included the sample and measurements tools, and data analysis concerning the IT and ethical beliefs by using SPSS package 18. It was very clear from the responses that there were no significant differences in ethical beliefs amongst MIS students in the private and public universities. Also, male and female MIS students in the private and public universities have the same ethical beliefs. The study was exploratory in nature. Further studies are needed on a large sample to examine some IT subjects like network computing, using IT, managing IT, technology guidelines, and etc.