Tepper School MBA Program is offered by the Business School of Carnegie Mellon University. It is a private business school situated in Pittsburgh, Pennsylvania, United States. The school offers undergraduate to doctoral level degrees. Additionally, it also provides executive education programs. Several Nobel Prize-winning economists have been affiliated with the school, including Herbert A. Simon, Franco Modigliani, Merton Miller, Robert Lucas, Edward Prescott, Finn Kydland, Oliver Williamson, Dale Mortensen, and Lars Peter Hansen. In 2018, the Tepper School MBA Program had been ranked #40 by the Financial Times in its Global MBA Ranking and #19 under the best business schools in the United States. The school also boasts of an exceptional alumni network. Some of the well-known alumni of the school include Kushagra Bajaj (Vice-chairman, Bajaj Group), Francisco D’Souza (CEO, Cognizant), Frank Marshall (Former Vice president, Cisco), Scott Griffith (Chairman and CEO, Zipcar), & Paul Allaire (Former Director, CEO, & Chairman, Xerox).
For the batch of 2021, 200 students from 28 countries enrolled for the Tepper School MBA Program. The class consists of 33% women candidates, 35% International students, & 33% of US minorities. If you are aiming for the Tepper School MBA Program, this article will give you all the information that you should know.
The first term of the first year begins with core courses. Students can customize their MBA programs by taking electives from the second term onwards, along with the required core subjects. Some of the core subjects include Probability & statistics, corporate strategy, Ethics & leadership, Marketing management, Managerial economics, Operation management, etc. As a Tepper MBA student, you can customize your degree by selecting concentrations based on your area of interest.
Students are required to complete one concentration, but most of the students pursue three or more. Some of the concentration areas include Accounting, Communication, Economics, Entrepreneurship, Finance, Marketing, & Strategy. Students are also required to complete one MBA capstone course. The options include working alongside corporations, participating in a strategic management exercise, or studying abroad.
The global study capstone offers MBA students the opportunity to gain a broader perspective on global business through a four-week study abroad course. Students may choose between programs in Hong Kong and mainland China or Germany. Other than these, the school provides several co-curricular programs like leadership coaching, recruiting preparations, corporate networking via club treks, global treks, etc.
Eligibility
The school welcomes students from diverse academics, professional and personal backgrounds, and seeks exceptional individuals who have made an impact in whatever path they have chosen.
Academic Requirement:
The applicant must hold an undergraduate degree in any discipline. Although there is no minimum graduate GPA required to apply for the Tepper School MBA Program, a GPA of 3 or higher will give you an edge during the application evaluation process.
Professional Experience:
The school looks for at least two years of full-time post-graduation work experience. For the batch of 2021, students have an average of 5.7 years of work experience. The middle 80% range is 3 to 8.3 years of experience. The school generally does not admit applicants with less than one year of work experience.
Standardized Tests:
The school accepts both GMAT and GRE scores for the MBA program. However, it prefers GMAT over GRE. For the class of 2021, the median GMAT score is 700, with a range (middle 80%) of 640-730. Additionally, applicants who do not have English as their mother tongue or who have not completed their last education entirely in English are required to take English proficiency tests like TOEFL & IELTS. The minimum score requirement is 102 for TOEFL (Internet-based) and 7.5 for IELTS.
At the Tepper school of business, your commitment to time & money will pay off. You will also build an unparalleled skill set, leadership, & advanced analytics. One year of tuition fees for the Tepper School MBA Program is $70,000. Students are also required to pay mandatory university fees of $906. Additionally, the estimated living expenses for one year for a single student are $25,883. It includes health insurance ($3,021), room, board & miscellaneous ($17,944), books & supplies ($1,450), & transportation ($3,468). Students have the option of opting out health insurance costs if they already have existing coverage.
The school offers numerous scholarships & fellowships through the generosity of alumni, friends, corporates, and foundations. The scholarship decision is announced at the time of admission. All the students are considered for the same, and there is no additional application required.
Some of the popular scholarship options are as follows:
Tepper MBA Scholarship
All the admitted students are considered for this award. It is a merit-based award, and the decisions are based on the overall strength of the admission application.
Tepper School Forté Scholarship
The school has partnered with Forté to give scholarships to exceptional female candidates. Forté fellowship also gains other benefits like skill-building workshops, leadership conferences, networking opportunities, job posting, and more.
Tepper School Reaching Out Fellowship
This fellowship is awarded to students from the LGBTQA background. A minimum of $10,000 is offered each year. The fellows also receive assess to various Reaching Out programming, mentoring, and LGBTQA leadership opportunities. Other than the scholarship & fellowships, students can also fund their MBA journey through loan options like Federal loans, Yeknik student loans, and other private loans. The school recommends international students to hire a cosigner.
According to the employment report 2019, 94% of the students received a job offer within 90 days of graduating, and six students started a new business. More than 90% of the students accepted jobs within the United States. The median base salary received by the 2019 graduates is $126,250. Students placed in consulting industries packed the highest median salary of $145,000. The top three recruiting industries were as follows:
Consulting 30.5%
Technology 30.5%
Financial Services 10.2%
Top three functions preferred by the students for the placement session 2018-19 were:
Consulting 32.1%
Finance/Accounting 18.7%
General Management 16.6%
The top recruiters of the session were as follows:
A.T Kearney
Amazon
Deloitte
Google Inc.
McKinsey & Company
Microsoft Corporation
PwC
Wayfair
VMware
American Express
Online Application checklist:
Academic Transcripts
Resume
One required essay
One professional recommendation
GMAT (preferred)/ GRE score
TOEFL or IELTS (if applicable)
Application fee of $200
Interview
Following the submission of the application, you may be invited for the interview. It takes place on-campus or via Skype. However, the school prefers the candidates to appear for the interview on-campus, if possible. The interview is conducted by the members of the MBA admissions team and consists of behavioral questions. They are particularly interested in learning about your skills, perspective on teamwork, leadership, success, & failure.
For applying in the Tepper School MBA Program, applicants are required to submit one mandatory essay. The essay question is as follows:
At Carnegie Mellon University’s Tepper School, we value our community, and it is important for each person to contribute to its success. What difference will you make as a member of the MBA class at the Tepper School? (Maximum 350-500 words)
The school looks for candidates who demonstrate strong visions to contribute towards its community. You must have a goal and clarity on how you plan to achieve it. Make sure that your essay reflects all these points.
There also is an optional essay for additional information about your candidacy that you may wish to share with the admissions committee. Use this essay to convey important information that you may not have otherwise been able to convey. It may include unexplained resume gaps, the context for recommender selection, etc.
With an acceptance rate of around 20% every year and a rigorous selection process, making into the Tepper School MBA Program is a tough nut to crack. But if you think if you have what it takes to get into this school, go for it.
Subscribe for the latest videos on a variety of careers, study abroad, interview, resume, etc.
https://www.youtube.com/VikingsCareerStrategists
In case you need any assistance in the application process for the MBA programs across the globe, feel free to connect with our experts. Book your free consultation now!
