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Tepper School of Business at Carnegie Mellon University is a pioneer in the field of analytics-based management science. The school has ranked consistently among the top 20 business schools in the USA and is globally renowned for its Swartz Center for Entrepreneurship. The programs offered at Tepper School of Business include undergraduate degrees in business and economics, Masters of Science degree in business analytics, computational finance, and product management. Currently, the school is home to around 650 students with international candidates constituting around 20% of the total population.
It is recognised worldwide for its STEM MBA program that incorporates the fundamentals of business with technology, engineering, and science. The program also offers an added advantage to international students. They can go for Optional Practical Training and apply for a 24-month extension post completion of OPT, which provides them with 36 months of temporary employment in the US. The school follows a competitive admission process with a 27% acceptance rate. While the school does not follow any rigid application checklist while selecting students, candidates applying to Tepper school of business maintain an average GPA of 3.32 (85%) and a GMAT score of 680 - 720.
Applicants also have to pay around 250 USD as an application fee while the tuition fee is around 70,000 USD. However, the school extends a very limited number of merit-based scholarships applicable towards tuition to international students. Candidates in need of financial aid, can also consider opting for Fulbright scholarship programs in India.
Tepper School of Business Rankings
- Ranked 16th in Best Business Schools according to the US News ranking agency for the year 2022
- Ranked 7th in part-time MBA according to the US News ranking agency in the year 2021
- Tepper School of Business ranked #37, as per QS Global MBA rankings 2021
- The school ranked 9th in The Economist Full-time MBA 2021 ranking
- Ranked #27 in Financial Times Global MBA Ranking 2021
Highlights
| Type of University | Private |
| Year of Establishment | 1949 |
| Campus Setting | Urban |
| Total Enrollment | 1,305 |
| Full-time graduate employed at graduation | 80.9% |
| Female:Male | 30:70 |
| QS Global MBA Ranking | 37 |
Tepper School of Business Campus & Accommodation
Tepper School of Business shares campus with its parent institution Carnegie Mellon University. Students of Tepper can take part in the organizations and activities offered at Carnegie Mellon University Campus and connect with their fellow peers.
- Spring Carnival is one of the most beloved traditions at Carnegie Mellon. With more than 100 events, it is also one of the largest.
- There are also over 400 student-run campus organizations encompassing a broad spectrum of interests including but not limited to social, service, academic, recreational, athletic, cultural and governance.
- Tepper School of Business campus offers housing facilities along with meal plans for undergraduate students.
- A variety of housing options are available like traditional, suite-style and studio apartments. All residential halls offer amenities such as laundry, wireless internet connection etc.
- Housing rates are around 13,000 USD per academic year. However, there is no graduate student housing at Carnegie Mellon. Prospective candidates can refer to resources provided by Housing Services for off-campus student housing in the US.
Tepper School of Business Programs
Tepper School of Business offers two undergraduate degree programs in business and economics, five master’s programs and one PhD program.
- The undergraduate business program at Tepper School of Business is designed around four core courses in economics, computing course, mathematics and business. Apart from one, students will also have to pick a concentration course offered on study areas like entrepreneurship, finance, marketing management, accounting, etc.
- The undergraduate program in business also includes a variety of projects, internships and leadership development programs which will allow students to apply the knowledge and skills learned in classrooms.
- The Bachelor of Science in Economics and Bachelor of Arts in Economics program at Tepper School of Business has received the US Department of Education Designation.
- These programs have now joined the ranks of other Economics Stem offerings - Bachelor of Science in economics and mathematical sciences, Bachelor of Science in economics and statistics. Students can also opt for a minor in economics offered by Tepper School of Business.
- Masters Program offered at Tepper School of Business include MBA, Master of Science in business analytics, computational finance and product management, Master in integrated innovation for product and services.
- MBA at Tepper School of Business is offered in three formats - full-time, part-time online hybrid and part-time flex.
- The two part-time MBA programs are for 32 months whereas the Full-time MBA has a course duration of 21 months. Students who have enrolled on the full-time MBA program can take part in the summer internship.
- The MBA program at Tepper Business School focuses on analytical decision making and leadership development which sets it apart from other schools. Students will have the option to choose from over 200 electives and 12 concentrations.
- The Master of Integrated Innovation for Products and services degree is designed for the next generation of design thinkers, innovators and world-changers.
The doctoral program at Tepper School of Business offers eight focused fields of study. These include economics, marketing, financial economics, operations management, accounting, business technologies, operations research. Tepper School of Business also collaborates with other colleges under Carnegie Mellon University to offer joint PhD degrees.
Tepper School of Business Application Process
Tepper School of Business follows a holistic admission process while selecting students. Besides academic grades and curriculum rigor, the university will take into consideration non-academic interests, talent or potential, hobbies, community involvement. Leadership, motivation, passion and perseverance, community and volunteer service and other experiences are also considered when making admission decisions.
Where to apply: Common Application
Application Fee:
- 75 USD (Undergraduate admission)
- 200 USD (MBA Admission)
Documentation Requirement
- Academic Transcripts
- Two Academic letters of recommendation
- Three Essays
- Standardized test scores required to study in USA such as SAT or ACT
- English Proficiency Scores which includes TOEFL or IELTS
- Secondary School Counselor Evaluation
- One professional letter of recommendation (For MBA applicants)
- Current Resume
- Official GMAT/GRE scores (for MBA applicants only)
Students applying for MBA programs may be invited for an interview with a member of the admissions team after submission of all the above application documents
Tepper School of Business Cost of Attendance
The following table gives the cost of attendance at Tepper School of Business:
| Expenses | Costs |
|---|---|
| Tuition | 70,000 |
| Additional Fees | 906 |
| Room and Board | 11,582 |
| Books and Supplies | 680 |
| Transportation | 7,00 |
| Personal Expenses | 2,000 |
| Medical Insurance | 1,852 |
Also check: Cost of MBA in USA for Indian students
Tepper School of Business Scholarships & Financial Aid
The college offers a generous amount of financial aid to the students in the form of merit-based scholarships to afford their studies in the USA.
- Tepper MBA Scholarship is given to all full-time and part-time MBA students at the time of admission on the basis of the overall strength of the admissions application.
- The Tepper School Forté Scholarship helps support female candidates who have an exceptional academic record. These candidates are selected during the admission process.
- The Tepper School of Business is a member of the Consortium for Graduate Study in Management (CGSM). The Tepper School Consortium Fellowship is a fellowship for the students to become a member of the consortium and get admitted to The Tepper School. These students will get full tuition, a merit-based fellowship that will cover their MBA tuition fee and other mandatory fees for the full 2 year time period.
- Apart from these other types of scholarships, federal loans or private education loans are provided to the students. These financial aids vary from course to course.
Tepper School of Business Alumni Network
Tepper School of Business has a strong network of Alumni who stay connected with the school community in various ways. The alumni can attend webinars, be an admission ambassador or a recruiter. Alumni can also get involved with current students as their mentors and can provide counselling and career advice to the current students.
The school also offers resources such as cutting-edge research, skill development, career planning, and networking opportunities that alumni members can use for professional development.
Some of the distinguished alumni of the school are - Jim Bernier (Executive Vice President, Head of Derivative Products Group, PNC Bank), Michelle Crottier (Regulatory Affairs Finance Manager, Google), Bob DeAngelis (Executive Vice President, KeyBank).
Tepper School of Business Placements
As per the 2020 MBA Employment Report published by Tepper School of Business, around 89% of the class of 2020 received a job offer three months after graduation and 87% accepted their job offers. The class of 2020 also set a new record high for starting salaries with a median of 136,000 USD. This is 10,000 USD more than the previous year’s MBA graduate starting salary. Moreover, among those who accepted their job offers, around 91% received a signing bonus. The median signing bonus was 30,000 USD.
| Job Function | Salary in USD |
|---|---|
| Consulting | 160,000 |
| General Management | 127,500 |
| Information technology | 130,000 |
| Production and operations management | 120,000 |
| Finance | 130,000 |
| Marketing | 135,000 |
The Master’s career centre at Tepper School of Business partners with over 200 recruiters globally to better improve internship and full-time employment opportunities for students. Some of the top recruiting partners are Accenture, Amazon, Apple, Altman Vilandrie & Company, Abbott Laboratories, American Express, Bank of America Merrill Lynch, Cognizant Technology Solutions, Capital One Financial Co., Facebook, Dell, Deloitte, Federal Reserve Bank of New York and so on.
Instead of keeping pace with current trends, Tepper School of Business believes in transforming the way organizations function through innovative ideas, creative solutions and approaches. Thus at Tepper, students will experience future-focused business education that is customized to today’s marketplace. At Tepper School of Business, students will also come across some of the highly qualified, intellectual and creative minds who are experts in their chosen field. From them, students will learn how to face challenges and lead with confidence.
FAQs
Q1. How can I apply at Tepper School of Business?
Ans. Students can apply through the Consortium Application Portal for graduate application and the Common Application portal for undergraduate application.
Q2. What are the English language proficiency requirements at Tepper School of Business?
Ans. Candidates must submit a TOEFL-iBT score of a minimum of 102 or above or an IELTS score of at least 7.5.
Q3. I was unable to appear for the GMAT exam. Can I still apply for an MBA at Tepper School of Business?
Ans. Taking into consideration the ongoing challenging situation due to the pandemic, Tepper School of Business has decided to grant a waiver on GMAT or GRE scores on a case to case basis. Candidates need to submit a test waiver application request while applying for admission.
Q4. What are the admission deadlines at Tepper School of Business?
Ans. Round 1 admission deadline for the MBA program at Tepper School of Business is on October 3, 2021; Round 2 is on January 5, 2022, and round 3 is on March 6, 2021.
Q5. Does Tepper School of Business offer internship opportunities?
Ans. Yes, Tepper School of Business offers summer internship opportunities for students enrolled on the full-time MBA program.
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Tepper School of Business comparison
| Tepper School of Business | Stern School of Business | The Wharton School | Ross School of Business | Johnson Graduate School of Management | Stanford Graduate School of Business | Scheller College of Business | UNC Kenan-Flagler Business School | MIT Sloan School of Management | |
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Tepper School of Business Scholarships
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| National Overseas Scholarship | Scholarship per student₹ 12.8 L/Yr$15,400 | Level Of StudyDoctorate | TypeNeed-Based | |
| FormSwift Scholarship Program | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| Galvanize the Future: A Richard L. Brooks Memorial Scholarship Essay Contest | Scholarship per student₹ 2.1 L/Yr$2,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Next Genius Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| BrokerFish International student scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Claes Isacson Scholarship | Scholarship per student₹ 16.6 L/Yr$20,000 | Level Of StudyBachelor | TypeNeed-Based |
Tepper School of Business Admissions
Application Portal: https://www.cmu.edu/tepper/apply-now/index.html
Round 1 Deadlines
Important Date: October4 (Application deadline)Round 2 Deadlines
Important Date: January10 (Application deadline)Round 3 Deadlines
Important Date: March2 (Application deadline)
Attendance Cost
The table shows average yearly cost of attendance for international students. Amount may vary with the course opted, nature of accommodation, and personal spending habits of a candidate.Check Program wise Fees
Tepper School of Business Campus Location
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