But 2017 was a special year as the school says it saw record-breaking success in the tech arena. Says Steve Rakas, Executive Director of Masters Career Services at the school, “Forty-three percent of the full-time MBA Class of 2017 went into tech, a new record. This has approximately doubled over last five years, reflecting the broader market trend. Breaking it down by gender, 58% — again a new record — of women went into tech versus 37% of men which was still the highest segment for men.”
Says, Saraswati Kaul, a senior product manager at Amazon and one of the 58% of Tepper’s Class of 2017 graduating women who went into tech, “The education I received at Tepper has been instrumental for my success in my current role. The rigorous program at Tepper included a strong balance of skills spanning tech acumen, problem solving, financial know-how and design courses that I use on a daily basis. In my role I’m often working with both engineers and customers, and the communication skills that I learned have been extremely helpful.”
OTHER TOP INDUSTRIES AND WHAT TEPPER GRADS MAKE
The second most popular industry for job placements was consulting with 20% of the class going there and recurring recruiting partners including the big three MBB firms as well as other leading firms like A.T. Kearney, PricewaterhouseCoopers, Deloitte, and KPMG. Rounding out the top three for industries was financial services with 15% of the 2017 class going there. The top recruiters for finance grads include Amazon, Deutsche Bank, Merck & Company, Google, and Bank of America Merrill Lynch. According to Rakas, Tepper’s top three recruiters across all industries and functions are Amazon, Microsoft, and PricewaterhouseCoopers.
Not only do Tepper grads fare well in tech, consulting, and finance, but in take-home compensation as well. In the past several years, the median annual salary for Tepper MBAs has been on an incline: $113,000 in 2013 to an all-time median high of $120,000 in 2017.
Of course to earn such salaries, MBAs are gaining more than just analytical and leadership skills from the Tepper curriculum. The first year core focuses on the usual suspects of business fundamentals such as marketing, finance, accounting, and so on with advanced analytics and leadership coaching baked in. For Glass, this is exactly what she signed up for.
“I wanted and expected to further develop my knowledge of other business areas such as finance and operations, as well as strengthen my leadership skills,” she says. “My experience at Tepper is teaching me to be an empathetic leader, make data-driven decisions, and think big. I’ve already experienced significant personal and professional growth and expect that to continue as I put my lessons from Tepper into practice throughout my career.”
COVER MORE GROUND IN A UNIQUE ‘MINI-SEMESTER’ FORMAT
Heading into year two of her Tepper MBA experience, Glass and fellow classmates will have a chance to dive deep into areas of interest to support their individual career goals. A myriad of electives (nearly 200), concentrations (12), and tracks (seven) are available for students’ choosing.
“I am pursuing the Management of Innovation and Product Development track with concentrations in Business Technologies, Strategy, and Marketing,” says Glass.
If it sounds like she’s covering a lot of ground, that’s because she is. A unique component of the Tepper MBA program is its mini-semester format which creates four 6.5-week mini-terms per academic year, essentially doubling the number of courses that students take each semester and a given year. This format quickens the pace of discovery, the school says, and allows its MBAs to make an immediate impact in their internships and careers.
“The track, concentrations, and ability to take classes across the entire CMU campus will prepare me for my internships and post-MBA career in Product Management within the tech industry,” says Glass.
Tepper no longer publishes in its employment report its top employers, preferring to list all of the firms that made offers to students and/or have participated in recruiting events.
WHAT IT TAKES TO GET IN AND HOW MUCH IT COSTS
Requirements for getting into Tepper’s MBA program include GMAT or GRE exam scores, undergraduate transcripts, resume, at least one letter of recommendation, an essay, and an interview. The interview is behavioral in nature, asking candidates to share perspectives and experiential insights on teamwork, leadership, success, and failure. In Tepper’s most recent incoming class of 220 students, the incoming MBAs had an average GMAT score of 691, a 3.3 undergraduate GPA, and averaged 5.7 years of work experience. Once admitted, the cost for a Tepper MBA education will run students $66,852 a year, or $133,704 in total tuition and estimated fees.
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MBA Program Consideration Set:
Notes: MBA Program Consideration Set: If you believe you’re a close match to this school–based on your GMAT and GPA scores, your age and wok experience, you should look at these other competitive full-time MBA programs as well. We list them by stretch, match and safety. These options are presented on the basis of brand image and ranking status.