Poets&Quants Top Business Schools

Carnegie Mellon University Tepper School of Business

#8

Contact our general manager with any questions. Profile updated: January 11, 2021.

Contact Information

Location:
5000 Forbes Avenue
Pittsburgh, Pennsylvania 15213
Admissions Office:
412-268-2268

Tuition & Fees In-State: $211,477 (as of 2020)*

Tuition & Fees Out-of-State: $211,477 (as of 2020)*

Average Debt: $12,897 (as of 2020)

International: 13.7 (as of 2020)%

Minority: 9.8 (as of 2020)%

First generation college students: 20 (as of 2020)%

When do students declare their majors: Freshman Year

Acceptance Rate: 14%

Average SAT: 1,491

Average ACT: 33

Average GPA: 3.84

HS Class Top Ten: 77%**

*The total cost of the degree over four years for the most recent graduating class inclusive of school fees, room, board, or living expenses.

** HS Class Top Ten is the percent of the student population that graduated high school in the top ten percent of their class.

*** Please note that these statics are provided for the business school major only whenever possible. If a school does not track these statistics separately, then the university-wide statistics are provided.

The Tepper School of Business at Carnegie Mellon University jumped up two spots this year landing at number eight in our rankings. It continues an upward directory in our rankings as Tepper placed 22nd just two years ago.

This year, the Tepper School saw a slightly higher acceptance rate of 14.26%, up roughly two percentage points from last year. The average SAT score this year stood at 1491 with 76.90% of incoming freshmen being in the top 10 percentile of their high school class. 

With a strong emphasis on STEM, the Tepper undergraduate business education brings together business, technology, and analytics through a variety of core courses and experiential learning opportunities. 

“Our entire goal is to educate business students whom I would call bilingual in the following sense: they know technology. They can do computing. They understand data. And they understand the business side,” Sevin Yeltekin, Senior Associate Dean of Education at Tepper, told P&Q For Undergrads in 2019. “They can sit down and write a simple use case. They can do a proof of concept. They can code a little bit. They might not be the ones who are going to spend all of their time optimizing a piece of code but they understand what it can and can’t do. They can talk to the technologist. They can talk to the data scientist and they can understand the business side of things and make strategic decisions based on that data and technology.”

CURRICULUM STRUCTURE 

The Tepper curriculum is designed around a central core of courses in business, economics, mathematics, and computing courses. Students can choose from 11 concentrations including accounting, business analytics and technology, entrepreneurship, finance, global economics and business, marketing management, operations management, and strategic management. 

The first year at the Tepper School is dedicated to giving students a foundation of skills in analysis, communication, and context through courses in economics, quantitative skills development, and the liberal arts. Beginning in Fall 2019, all first-year Tepper students are also required to take a new course, Business Science, that sets the foundation for their Tepper business education. 

Surveyed Class of 2018 alumni rated the quality of teaching at Tepper at an 8.8 average score. When asked to rate the opportunities to nurture and improve soft skills in business such as verbal and written communication skills, adaptability, and time management, surveyed alumni gave the Tepper School an 8.3 average score. 

MANAGEMENT GAME 

One of the cornerstone courses at the Tepper School is called the “Management Game,” a 12-credit capstone course that features an applied strategic management and general management exercise. Through the course, students work in teams to operate computer-simulated companies for three years acting as the executive committee of a multinational manufacturing company. Student teams compete against one another to try to add value to their companies. 

“The experience was unique due to the depth of the simulation and broad spectrum of skills used, particularly through coordination amongst team members,” one 2018 alumni told us. 

In addition to the teamwork aspect of the course, Management Game is also unique in that students are evaluated primarily by external professionals. 

“Each team reports to an external board of directors and must defend their plans and their outcomes to these people who then provide feedback and evaluate the teams’ performance,” according to Tepper’s website. “Each team is asked to engage in externally focused exercises that are relevant to their career choices.”

Examples of exercises in the course include negotiating labor agreements to real union representatives and presenting marketing plans to practicing marketing executives. 

“The external feedback and evaluation structure of the course makes the exercise sharply realistic,” according to Tepper’s website. “The highly unstructured nature of the class makes it invaluable for students preparing to enter the job market as skilled leaders.”

STRONG EMPLOYMENT OUTCOMES

The Tepper School prides itself on giving its students a strong foundation in business, technology, and analytics. And that education has proven fruitful for many Tepper grads. Among the Class of 2020, 95% had secured a business-focused internship before graduation and 90.22% were employed full-time by graduation with an average salary of $81,526.  

Additionally, 90.91% of surveyed Tepper alumni told us their first job after graduating was in their desired industry. Some 72.73% said their first job after Tepper was also at their desired company. 

Truly a STEM-focused institution, Carnegie Mellon’s Tepper School of Business is designed for students who want a business education that covers the in-demand fields of technology and analytics. Among the top-10 programs in this year’s ranking, there is no other option that matches analytics, technology, and engineering like Tepper. For students looking to combine STEM with business, the Tepper School is the place to be.

Alumni say:

“Incredible diversity of students and staff. Lots of unique backgrounds and experiences that enable a great learning experience.”

“We had the opportunity to run our own company in a class wide business simulation that was something I had never before experienced.”

“The Management Game Simulation showcased real problems faced by executives.”

Where The Class of 2018 Went To Work:

Deloitte – 6

Goldman Sachs – 5

PNC – 5

PwC – 4

Citi – 3

Deutsche Bank – 3

MUFG – 3

Accenture – 2

Capital One – 2

Morgan Stanley – 2