The Tepper School of Business (Carnegie Mellon University) 

The Tepper School of Business is Carnegie Mellon University’s business School which is located in Pittsburgh, Pennsylvania, US.

The university’s campus, which is spread over 140 acres, offers degrees beginning from the undergraduate to doctoral levels. Also offered by the school are executive education programs.

Founded in 1949 as the Graduate School of Industrial Administration (GSIA), it was renamed David A. Tepper School of Business in March 2004 after receiving a $55 million present from David Tepper, an alumnus.

Tepper School of Business specializes in analytics-based management science. Among the various programs offered at the school are MSC in business analytics, computational finance, and product management and undergraduate degrees in business and economics. 

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International candidates comprise about 20% of the total population of 650 odd students. Its STEM MBA program is recognized globally. International students opting for it can take Optional Practical Training (OPT) to apply for a 24-month extension after its completion, as it provides them with three years of temporary work in the US. 

The school has an acceptance rate of 27%. Aspiring students applying to Tepper school need to have a mean GPA of 3.32, which is equivalent to 85%, and a score on GMAT ranging from at least 680 to 720.

They also need to pay around $250 as an application fee and the tuition fee would cost them about $70,000. The school offers merit-based scholarships to a very limited number of international students and it will cover the costs of tuition fees. Students, who need financial assistance, can also opt for India’s Fulbright scholarship programs.

Rankings of Tepper School of Business

According to the Global MBA Ranking 2021 of Financial Times, the school was ranked #27 and in the Full-time MBA 2021 ranking of Economist, it was ranked #9. 

Main Features

Type of University	Private
Year of Establishment	1949
Total Enrollment	1,305
Full-time graduate employed at graduation	80.9%

Campus & Accommodation at the Tepper School of Business

The students of the business school can participate in the activities and organizations that Carnegie Mellon University Campus offers in order to connect students with their peers.

• Spring Carnival is one of the favorite traditions of Carnegie Mellon as it sees more than 100 events being organized.
• More than 400 student-run campus groups cover a wide range of interests including academic, athletic, cultural, governance, recreational, service, and social.
• The b-school campus offers housing facilities together with meal plans for students of the undergraduate programs
• Various housing options are available like traditional, studio apartments, and suite-style. There are amenities like laundry, wireless internet connection, etc. in all residence halls.
• Housing costs about $13,000 per academic year. Housing is not available for graduate students at Carnegie Mellon. Potential candidates can look for off-campus housing by going through the resources provided that Housing Services provides for students.

Programs Offered at Tepper School of Business

In all, Tepper School of Business provides five master’s programs, two undergraduate degree programs in business and economics, and one PhD program.

• The undergraduate business programs at the school revolve around four core courses in economics, business, computing course, and mathematics. In addition, students will also choose focus courses that are provided in fields like accounting, entrepreneurship, finance, marketing management, etc.
• Those undergoing undergraduate programs in business are offered a range of projects, internships, and leadership development programs, allowing students to apply the insights and skills they learned in classrooms.
• Both the Bachelor of Science in Economics and Bachelor of Arts in Economics programs have received the Education Designation from the US Department.
• These have been recently added to other STEM offerings of Economics – Bachelor of Science in economics and statistics and Bachelor of Science in economics and mathematical science. Students can pick up a minor in economics that the school offers.
• Tepper School of Business offers a Master’s Program, including an MBA, Master’s in integrated innovation for product and services, and Master of Science in business analytics, computational finance, and product management.
• MBA is offered in three modes at the school – a full-time, online part-time hybrid, and part-time flex.
• The part-time MBA programs last for 32 months and the Full-time MBA is a 21-month program. Students admitted to the full-time MBA program are allowed to take the summer internship.
• Students at Tepper Business School can opt from one of the more than 200 electives and 12 concentrations.
• The degree in Master of Integrated Innovation for Products and Services is aimed at the new type of innovators and revolutionary thinkers.

Tepper School of Business’s doctoral program offers eight focused study fields. They include accounting, business technologies, economics, financial economics, marketing, operations management, and operations research. The school also teams up with other colleges that fall under Carnegie Mellon University to provide joint PhD degrees.

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Application Process of Tepper School of Business

A comprehensive admission process is followed by Tepper School while picking students. In addition to educational grades and syllabus rigor, the university will consider non-academic interests, skills, hobbies, community activities. Community and volunteer service, leadership skills, motivation, passion, and perseverance, and other experiences are also taken into consideration while admitting students.

Where to apply: Common Application portal 

Application Fee: $75 (UG admission), $200 (MBA Admission)

Requirements for Documentation

• Educational Transcripts
• Two letters of recommendation (LORs)
• Three Essays
• Standardized test scores of SAT or ACT
• Proficiency scores in the English language such as TOEFL or IELTS
• Secondary School Certificate
• Résumé
• Scores of GMAT or GRE (for MBA applicants only)

Students who apply for MBA programs could get an invite for an interview with one of the admissions team members after they submit all the above-mentioned application documents.

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Cost of Attendance at Tepper School of Business

 The following is the breakup of the cost of attendance at Tepper:

Expenses	Costs
Tuition	70,000
Additional Fees	906
Room and Board	11,582
Books and Supplies	680
Transportation	7,000
Personal Expenses	2,000
Medical Insurance	1,852

Scholarships & Financial Aid Provided by the Tepper School of Business

The school offers financial aid to the students through merit-based scholarships so that they can cover their study costs.

• Both full-time and part-time students of MBA are given the Tepper MBA Scholarship at the time of admission based on the general power of the admissions application.
• The Forté Scholarship of the school helps in supporting female candidates who have an outstanding academic history. These candidates are shortlisted at the time of the admission process.
• In addition, students are provided other types of scholarships like federal loans or private education loans. These financial aids vary from one course to another.

Alumni Network of Tepper School of Business

Tepper has proactive alumni who remain connected with the school community in several ways. The alumni are allowed to attend webinars as admission ambassadors or recruiters. They also help current students by being their mentors by providing counseling and career guidance to the existing students.

Tepper School of Business Placements

As per the Tepper School of Business’s 2020 MBA Employment Report, about 89% of the students of the 2020 class received job offers three months after graduation. Their median starting annual salaries were $136,000. 

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