CMU Tepper School of Business | Admit Expert

Carnegie Mellon University’s Tepper School of Business is a highly regarded business school located in Pittsburgh, Pennsylvania. It was founded in 1949 and is named after its benefactor, businessman, and philanthropist David Tepper. The school offers a range of undergraduate, graduate, and doctoral programs in business and economics, including MBA, EMBA, and Ph.D. programs. The school is known for its strong focus on analytical skills and interdisciplinary approach to business education. It is consistently ranked among the top business schools in the United States and the world.

General Information on CMU Tepper School of Business

Location – 5000 Forbes Avenue, Pittsburgh, PA 15213

Dean – Isabelle Bajeux-Besnainou

Phone: +1 412-268-5687

Email: [email protected]

Social media – Facebook, Twitter, YouTube, Instagram, LinkedIn, Flickr

CMU Tepper  MBA – By the numbers

Here are a few important statistics for the latest class i.e. class of 2024 of the CMU Tepper School of Business

Class Size192Median GMAT Score710Median GPA3.36Work Experience (Average)5.8 yearsTuition Cost for a Single Person$72,800

Now, let’s look in detail at the latest incoming class profile i.e., class of 2024 of CMU Tepper School of Business.

CMU Tepper  MBA class profile 2024

Enrollment

192 candidates enrolled in CMU Tepper’s MBA class of 2024.

Diversity

Business Schools care a lot about maintaining diversity in the class. 31% of the CMU Tepper class of 2024 is female and 56% of students are international citizens.

• % women in the CMU Tepper class of 2024 – 31%
• % international students in the CMU Tepper class of 2024 – 56%

Test Scores and GPA

CMU Tepper School of Business is home to some of the brightest minds in the world. So, it’s quite understandable that the GPA and test scores will be on the higher side. The Median GPA of the CMU Tepper class of 2024 is 3.36, and the Median GMAT score is 710.

Median GPA – 3.36

GMAT Score

• Median GMAT – 720

Undergraduate Major

48% of the CMU Tepper class of 2024 have a background in Engineering followed by 21% in Business/Commerce and 16% in Economics.

More details are in the table below:

Undergraduate MajorPercentage of CMU Tepper class of 2024Engineering48%Business/Commerce21%Economics16%Math/Physical Science6%Arts/Humanities4%Social Sciences3%Other2%

Pre-MBA industry of CMU Tepper  MBA class of 2024

Every student of the CMU Tepper class of 2024 has some work experience. The average work experience is 5.8 years. 24% of the CMU Tepper class of 2024 has a background in Technology followed by Financial Services (16%) and Consulting (15%).

More details are in the table below:

Pre-MBA industry% of CMU Tepper class of 2024Technology24%Financial Services16%Consulting15%Health Care6%Consumer Goods and Retail6%Government5%Manufacturing5%Other22%

MBA Application Deadlines

The application dates for the MBA Class of 2025 (incoming class of 2023) are

Application RoundDeadlineDecisionsRound 1Oct 2, 2022Dec 7, 2022Round 2Jan 5, 2023Mar 8, 2023Round 3Mar 12, 2023May 3, 2023Round 4May 1, 2022May 31, 2022

Now that you know the education and industry background of the latest class of CMU Tepper School of Business, you must have an idea of where you stand compared to them. To get into CMU Tepper School of Business try to match or exceed these numbers. Now, let’s take a look at the compensation that CMU Tepper MBA students get after they graduate.

CMU Tepper MBA employment statistics – Class of 2022

The CMU Tepper School of Business class of 2022 received a median base salary of $145,000. Moreover, 74% of the class received a mean signing bonus of $33,418.

Here are the details:

• Median Base Salary – $145,000
• Median Signing Bonus – $30,000 
• 98% received an offer within 3 months of graduating

Employment by Industry

39.10% of the CMU Tepper MBA class of 2022 found employment in Consulting followed by 28.10% in Technology, and 16.40% in Financial Services. 

More details are in the below table.

Industry% Tepper MBA class of 2022Biotech/Health/Pharma6.20%Consulting39.10%Consumer Products3.10%Energy/Petro/Utilities0.80%Financial Services16.40%Manufacturing2.30%Media/Entertainment1.60%Technology28.10%Other1.60%

Median Salary by Industry

Candidates finding employment in Consulting received the highest median salary of $167,500. Candidates who found a job in Financial Services received a median salary of $145,000. 

More details are in the following table.

IndustryAverage Base SalaryMedian Base SalaryBiotech/Health/Pharma$129,250$121,000Consulting$164,612$167,500Consumer Products$120,000$122,500Financial Services$145,000$145,000Manufacturing$121,667$130,000Technology$140,426$139,000

Employment by Function

40.6% of the CMU Tepper MBA class of 2022 found employment in Consulting, followed by 21.9% in Marketing, and 14.1% in Finance.

More details are below.

Job FunctionPercentConsulting40.6%Marketing21.9%Finance14.1%General Management10.9%POM6.2%Other5.5%IS/IT0.8%

Median Salary by function

CMU Tepper class of 2022 students who found employment in Consulting received the highest median salaries of $165,000 followed by Finance ($140,000), and Marketing ($136,600).

Job FunctionMean Base SalaryMedian Base SalaryConsulting$163,954$165,000Marketing$136,086$136,600Finance$147,056$140,000General Management$134,821$131,300POM$128,375$127,500Other$128,333$132,500

Employment by Location

Majority (98.3%) of the CMU Tepper  MBA class of 2022 found employment in the United States. A mere 1.7% chose to work outside the US. In the US, 33.1% found jobs in the North East. The median Salary in the US is $149,500.

More details are below.

LocationPercentUnited States98.3%Northeast33.1%West24.8%Mid-Atlantic18.2%Midwest11.6%Southwest6.6%South4.1%

Cost of Attendance

ExpenseCostTuition$72,800University Fees$928Health Insurance$2,812Room, Board, Misc.$21,410Books and Supplies$1,450Transportation$2,522TOTAL$101,922

CMU Tepper Scholarships

Through the generosity of alumni, friends, corporations, and foundations, numerous scholarships and fellowships are awarded to MBA candidates who exhibit a high degree of potential for success in the program and their careers.

Scholarships and fellowships are available to be awarded to full-time and part-time MBA candidates. Candidates are considered for scholarship at the point of admission, are notified at the time of admission and are not required to provide additional information, unless noted below. This applies to U.S. citizens, U.S. permanent residents, and international candidates.

Learn more about the variety of available scholarships and the criteria for each.

Tepper MBA Scholarship

All full-time and part-time MBA students are considered for a Tepper School Scholarship at the time of admission based on the overall strength of the admissions application. A separate scholarship application is not required. Students who receive a Tepper School MBA Scholarship are advised when they are accepted for admission.

Tepper Part-Time MBA Employer Matching Scholarship

For qualifying candidates, the Tepper School will participate in a matching program for employer tuition reimbursement benefits and provide merit scholarships. Part-Time MBA candidates can submit documentation of their employer’s tuition benefit in order to be considered for a matching scholarship in year one of the program. Official documentation for the scholarship must be submitted as part of the application. Students who receive a Tepper Part-Time MBA Employer Matching Scholarship are advised of scholarship when they receive an admission decision.

Tepper School Forté Scholarship

As part of a select group of schools and corporations, the Tepper School partners with Forté, a non-profit working to advance women in business. Through the admissions process, exceptional MBA candidates are selected to receive Tepper School-funded Forté Fellowship. Along with the prestige of receiving this scholarship, Forté Fellows gain access to exclusive Forté benefits, such as skill-building workshops, leadership conferences, networking opportunities, job postings, and more. Students of any gender are eligible to apply for a Forte Fellowship.

Tepper School Consortium Fellowship

The Tepper School of Business is a member school of the Consortium for Graduate Study in Management (CGSM), an alliance of 20 leading business schools and more than 80 corporate partners that are dedicated to enhancing diversity in business education and leadership by helping to reduce the serious under-representation of African-Americans, Hispanic Americans, and Native Americans in both the member schools’ enrollment and the ranks of management. Candidates who apply and obtain membership through The Consortium and are admitted to The Tepper School are considered for this full-tuition, merit-based fellowship, which covers MBA tuition and mandatory fees for two years of full-time study. Consortium Fellowships are primarily funded by The Tepper School of Business and are open to qualified U.S. citizens or U.S. permanent residents of any race or ethnicity that can demonstrate a commitment to The Consortium’s mission. To apply or learn more about The Consortium, please visit www.cgsm.org or contact [email protected].

Tepper School Yellow Ribbon

The Tepper School of Business at Carnegie Mellon University is a Yellow Ribbon participant. Veterans must have 100 percent Post 9/11 GI Bill eligibility and not be on active duty to participate. Once an individual student’s eligibility is determined by the VA certifying official at Carnegie Mellon, the Tepper School of Business Financial Aid Office determines the amount of Yellow Ribbon eligibility.

The Tepper School assists up to 30 eligible veteran students through our Yellow Ribbon Matching Funds Scholarship. Under our participation level in the Yellow Ribbon program, the Tepper School covers 100 percent of the “gap” between allowable costs and Post 9/11 GI Bill benefits for participating students, not to exceed $23,819 through the Tepper School of Business Yellow Ribbon Matching Funds Scholarship.

For additional information on Veterans Education Benefits eligibility please visit gibill.va.gov and the CMU Veterans & Military Community site.

*Please note the U.S. Department of Veterans Affairs is currently updating the gibill.va.gov website, and does not currently reflect our present-day benefits.

Tepper School Reaching Out Fellowship

Reaching Out MBA (ROMBA) is an organization dedicated to educating, inspiring, and connecting business students to impact change in the classroom and workplace. The Reaching Out MBA Fellowship has been created as a joint effort between top business school programs and Reaching Out to demonstrate that business schools are outstanding opportunities for out LGBTQ young professionals and their active allies to build their careers. The LGBTQA Fellowship recipients receive a minimum of a $10,000 Tepper School scholarship for each academic year, and also receive access to various Reaching Out programming, mentoring, and LGBTQA leadership opportunities, some of which are to be developed specifically for these fellows. Fellows are urged to be involved as a leader with the ROMBA organization for at least one event during his/her/their time in business school and actively participate in his/her/their MBA Program’s admissions efforts. Additionally, exceptional LGBTQ candidates and their active allies who receive any type of Tepper School merit-based scholarship are eligible for designation as a Reaching Out MBA Fellow.

Admitted Full-Time MBA candidates who want to be considered for the Reaching Out Fellowship are asked to submit an essay in their Tepper MBA application answering the following question as part of the admission process:

Essay question: At the Tepper School, we look for outspoken leaders who are willing to step up to inequality and strive to form an inclusive environment. What specific initiatives have you engaged in to advance diversity, equity, and inclusion in your country, local community, place of work, or organization with which you are regularly involved?

Final Thoughts

Most MBA applicants dream of getting an MBA from CMU Tepper School of Business. CMU Tepper School of Business is one of the best business schools in the world, so getting into it can be hard. Even though there is no foolproof method to ensure admission to CMU Tepper , you can improve your chances significantly by working diligently on your application. We can help you get into CMU Tepper School of Business. Our consultants include CMU Tepper alumni who will give you the most accurate advice and guidance you’ll need to get into CMU Tepper. So, get started now.