Poets&Quants Top Business Schools

Carnegie Mellon University’s Tepper School of Business

#17

Contact our general manager with any questions. Profile updated: October 2, 2018.

School Data

Annual Tuition: $66,000

Acceptance Rate: 35%

Full-Time Enrollment: 457

Average GPA: 3.36

International: 35%

Minority: 12%

Average Age: 28

Annual Tuition Non-Resident: $66,000

Median GMAT: 700

GMAT Range (mid-80%): 560-770

Median GRE: 320

Female: 28%

GPA Range (mid-80%): 2.9 - 3.8

Male: 72%

Application Deadlines: Round 1: October 3rd, 2018 Round 2: January 5th, 2019 Round 3: March 7th, 2019 Round 4: April 18th, 2019

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.

Relevant Features:

Master Teacher Chosen as New Tepper Dean
MBA Program Consideration Set:

Stretch Schools: Berkeley, Duke, Virginia, New York University
Match Schools: Michigan, Yale, Cornell, UCLA, North Carolina
Safe Schools: Texas at Austin, Emory, Indiana, USC

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.

Contact Information

Location:
4765 Forbes Avenue,
Suite 2300,
Pittsburgh, PA 15213
Admissions Office:
412-268-5687
School Social Media:

From The School:

The Tepper School MBA program’s data-driven and innovative curriculum is rooted in academic rigor with high standards of excellence to prepare students for the complexity of today’s marketplace. Today, more than ever, the world of business is transformed by technological innovation, the ubiquity of data and the application of advanced analytics. The Tepper School and Carnegie Mellon have long been renowned in these key areas and are uniquely positioned to change the way organizations compete and lead.

As a Tepper MBA, you will be taught the analytical skills required to understand the complexities of business and the leadership skills needed to lead people and organizations at a higher, more advanced level of performance. Key concentrationstracks and our unique mini-semester system enable students to study, in-depth, in the career field of their choosing. With a student-to-faculty ratio of 13:1, not only will you have access to world-class researchers who are solving today’s business problems, but they will know you by name.

With the opening of our new building in the Tepper Quad in fall 2018, MBA students will have even greater access to Carnegie Mellon’s community of talented engineers, entrepreneurs, researchers, computer scientists and artists, providing ample opportunities for real-world problem-solving and application.

Our strategy: Be the business school of the future.

A Collaborative Campus & the Tepper Quad

Our interconnected model is a transformative leap forward within management education. Located at the center of Carnegie Mellon’s campus, the Tepper Quad reflects today’s innovative business models, embedding multifunctional, interconnected collaboration among the key disciplines that drive progress and innovation.

Technology That Leads the World

Carnegie Mellon is world-renowned for pioneering artificial intelligence and advancing numerous technology fields such as robotics, big data, cybersecurity, autonomous motion and software engineering. The Tepper School prepares students for 21st century technological changes by emphasizing the application of technology within business contexts.

Analytics Pioneered Here

Our business school challenged conventional problem-solving approaches with the introduction of management science, and our reputation continues to build as business and society confront a marketplace with information overload and rapid change. We remain the global leader for complex, creative problem-solving that features a mastery of advanced analytical approaches.

Intellectual Capital

Our faculty have long been pacesetters in advancing the frontiers of knowledge and ultimately the practice of business. Ours is a discovery-oriented culture where research is integrated into the classroom in order to ensure that our students and faculty are studying concepts long before they appear in textbooks.

Entrepreneurship at Tepper

At the Tepper School, we view entrepreneurship as a campus-wide collaborative opportunity, and the Swartz Center for Entrepreneurship is an interconnected destination for entrepreneurs, venture capital firms and startups, and our students and faculty have constant access to a global network that spans industries, business models and continents.

Personalized Leadership Development

We know leaders are made, not just born, and we leverage our small size and tight-knit community for personalized, one-on-one leadership development. Leadership is an ongoing curricular and co-curricular opportunity for undergraduate and graduate students via the Business Leadership Endeavor initiative and the Accelerate Leadership Center, respectively.