FULL-TIME MBA Profiles Publish Date 11/13/08

Carnegie Mellon University

Tepper School of Business

Getting In

PROGRAM BASICS

Tepper School of Business

5000 Forbes Avenue
Pittsburgh , Pennsylvania 15213

Program Web site:

http://www.tepper.cmu.edu

Status:

Private Institution

Program e-mail address:

mba-admissions@andrew.cmu.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1949
Part-time MBA : 1985
Distance-learning MBA: 1996
Undergraduate business program: 1949
Executive Education (non-degree): 1954
PhD program: 1949

PROGRAM COSTS

Total direct costs (tuition and required fees) of the entire MBA program:

Resident : $ 93,840
Nonresident : $ 93,840
Recommended annual budget (Resident): $ 67,282
Recommended annual budget (Nonresident): $ 67,282

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 998
Full-time MBA: 392
Part-time MBA: 217
Distance MBA: 144

PhD program: 93
Other: 152

Undergraduate business school enrollment

622

Graduate degree programs:

Other graduate degree programs:

Master of Science in Computational Finance

ADMISSIONS

Application Deadlines

October 27, 2008 January 5, 2009 March 9, 2009 April 27, 2009

Does the program have rolling admissions?

Yes

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Yes

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Minimum paper-based TOEFL score required for MBAs:

600

Relative importance: Application Elements

GMAT Score:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

1523

Applicants who were accepted to the most recent class:

27 %

Admitted applicants who enrolled in the newest class:

52 %

Applicants who were re-applicants from prior years:

6 %

Percentage of this year's reapplicants accepted:

20 %

Applicants wait-listed during the last admissions cycle:

203

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

65 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 21 %
International: 23 %
Married: 26 %

Ethnicity/US Students in Program

African American: 6 %
Asian American: 25 %
Hispanic or Latino American: 6 %
Multiethnic/Multiracial : 1 %
Native American: 0 %
White (Non-Hispanic): 48 %
Chose not to report: 14 %
Other: 0 %

Students from following regions:

Africa : 1 %
Asia: 24 %
Eastern Europe and Central Asia: 1 %
Latin America and the Caribbean: 3 %
Middle East: 1 %
North America: 65 %
Oceania : 1 %
Western Europe: 4 %

Entering North American citizens by region:

Northeast: 25 %
Mid-Atlantic: 32 %
South: 5 %
Southwest: 6 %
Midwest : 13 %
West: 19 %
Possessions and territories: 0 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

Middle 80% range of work experience of newest entering class in months:

From: 12
To: 120

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year:

100 %

Full-time MBAs receiving financial aid through school:

74 %

Mean MBA financial aid package for the current academic year:

$ 41,181

Median MBA financial aid package for the current academic year:

$ 48,204

On what basis are scholarships awarded?

academic merit

Full-tuition scholarships school will award during the upcoming academic year:

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 12,790

Percentage of second-year students receiving the same or more amount of money in their second year of study:

100 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

If so, what is the maximum amount a student can borrow per year?

$ n/a

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ n/a

GMAT

Applicants required to take the GMAT?

Yes

Mean : 690
Median: 700

Middle 80% range GMAT scores:

From: 630
To: 750

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

128

Electives that have been added to the full-time program since June 30, 2008:

Strategic Management of the Enterprise
Current Challenges Facing America's Industry
Alpha: Trading on Beh Finance; Survival Arabic
Financial Economics; Doing Business in India;
Buss Acting II; Leadership; Econ Iss in Sec Regulat

Year of last major change or significant overhaul to the core curriculum:

2007

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

Economics

Entrepreneurship

Finance

General Management

International Business

Management Information Systems

Marketing

Operations Management

Organizational Behavior

Statistics and Operations Research

Strategy

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

Other

Does the school offer an accelerated full-time MBA program?

Yes

FACULTY

Faculty employed by the B-school:

140

Full-time faculty

Tenured: 52
Non-Tenured: 48

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 40

Women on Faculty

Tenured: 4
Non-Tenured: 16

Minority Faculty

Tenured: 2
Non-Tenured: 5

International Faculty

Tenured: 15
Non-Tenured: 17

Faculty with PhDs

Tenured: 52
Non-Tenured: 54

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

Investment Banking

Manufacturing

Marketing

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 25 %
Lecture: 50 %
Simulations: 15 %
Team Project: 10 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/Letter grade average

Other

Additional graduation requirements:

Capstone course completion

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

-Upgraded main auditorium w/ new projector, video processing & recording system. -New student information system database. -Upgraded teaching technology in local & NY Classrooms &conference rooms with some or all of the following: dual projectors, touch panel control, distance learning equipment, seat microphones, power & data at each seat. -Upgraded Bloomberg terminals -3 new Distance Learning Studios for the FlexMode program and changed bridge provider. -Installed additional NY computer classroom.

Amount spent:

$ 5,444,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

8,966

Active MBA alumni clubs

Countries in which MBA clubs exist

Did school receive an individual gift in excess of $10 million in past academic year?

Does the main university offer career placement services for alumni?

Yes

Does the main university have an alumni networking Web site?

Yes

University alumni networking site:

http://www.alumniconnections.com/olc/membersonly/CMU/mypage.jsp

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.tepper.cmu.edu/compass

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 90 %
Graduates not seeking employment: 9 %
Graduates for whom you have no information regarding employment: 1 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 43 %
Percentage who were continuing their education (after graduation): 21 %
Percentage who were postponing their job search: 7 %
Percentage who were starting their own business(es) : 21 %
Percentage who were not seeking employment for other reasons: 7 %

Annual job-searching trips that the school coordinates or participates in:

Destination: Wall Street
Month: October & January
Amount Paid By School: partial
Destination: Silicon Valley
Month: January
Amount Paid By School: partial
Destination: Boston (Asset Management Club)
Month: October
Amount Paid By School: partial
Destination: Biotech: California, Boston, New Jersey
Month: January, October, and November
Amount Paid By School: partial
Destination: Hong Kong (Asian Business Association)
Month: November
Amount Paid By School: partial

Primary Source of Job Offer

School-facilitated activities: 80 %
Graduate-facilitated activities: 18 %
No information provided by graduate: 2 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 96 %
Received first job offer in three months following graduation: 1 %
Received first job offer more than 3 months after graduation: 2 %
Did not report having received a job offer: 2 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	McKinsey & Company		7
	Deloitte Touche Tomatsu		7
	Amazon.com		6
	Microsoft		4
	Cisco
	Google Inc.		3
	International Bus. Machines		3
	PricewaterhouseCoopers		2

	Thermo Fisher Scientific		5
	H. J. Heinz Company		5
	Deutsche Bank Security		4
	Diamond Management and Technology Consultants		3
	Deutsche Asset Management		3
	Booz and Company		3
	Constellation Energy; Cooper Industries		2
	American Express		2

Job-accepting graduates who received a signing bonus:

88 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 103,012
Median base salary for most recent graduates: $ 100,000
Mean signing bonus for most recent graduates: $ 22,625
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 19,847
Median other guaranteed compensation for most recent graduates: $ 15,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 22 %
Finance/Accounting: 38 %
General Management: 17 %
Human Resources: 0 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 17 %
Management Information Systems (MIS): 2 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 2 %
Other: 2 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 2 %
Consulting: 22 %
Consumer Products: 5 %
Financial Services: 22 %
Manufacturing: 7 %
Media/Entertainment: 0 %
Non-Profit: 0 %
Petroleum/Energy: 7 %
Pharmaceutical/Biotechnology/Health care Products: 8 %
Real Estate: 1 %
Technology: 18 %
Other: 8 %

Graduates who accepted full-time jobs in the following regions:

Africa: 0 %
Asia: 2 %
Eastern and Central Europe and Central Asia: 0 %
Latin America and the Caribbean: 0 %
Middle East: 0 %
North America: 97 %
Oceana: 0 %
Western Europe: 1 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 35 %
Mid-Atlantic: 20 %
South: 5 %
Southwest: 16 %
Midwest: 19 %

Top Companies - Internships:

	Amazon.com		8
	Deloitte Touche Tomatsu		7
	Cisco		4
	Hewlett-Packard		3
	McKinsey & Company		3
	International Bus. Machines		3

	H. J. Heinz Company		5
	PPG Industries		5
	Innovation Works		4
	Keystone Automotive Operations		4
	Booz and Company		4
	PNC Financial SErvices		3
	Diamond Management and Technology Consultants		3
	Citi		3

Internships awarded that are paid:

93 %

Mean and median intern compensation per week:

Mean : 1,525
Median: 1,520

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

1. It is important for recruiting/job placement questions to be in line with the Career Services Council guidelines to ensure that schools will provide comparable data. Until this occurs on this survey, we will be unable to respond to questions that the CSC does not recommend we respond to. 2. The new drop down menu feature in the Job and Internship sections are not alphabetized and do not list many organizations that recruit MBAs. Even if a company name is listed, if it is not exactly the company name of the company that hired an MBA from our school, it is best for us not to choose the company from the drop-down menu. For example, the company name Deutsche could imply several subsidiaries that are not the hiring agency. PLEASE go back to the blank fields. The blank fields you provide do not print the data entered - also a technical glitch that is a challenge for keeping consistent records with submissions.

Graduate Comments

The decision process surrounding the merit scholarships awarded to my classmates was very flawed. I would suggest incorporating some questions about financial aid innext year�s survey. Otherwise, I could not ask for a better academic or social environment. -- Entrepreneurship

I am very happy with the financial engineering program. But I am somewhat disappointed with the MBA degree, mainly because I do not feel like part of the �Tepper Community.� -- Finance

Tepper is an intense experience, and the people here are among the friendliest, most team-oriented people I have ever worked with. -- Consulting

Choosing to attend Tepper was the best decision of my life, apart from asking my wife to marry me. My career has been transformed from a stagnant situation to an exciting world of opportunities. And in terms of my classmates, I have never met more intelligent, nice, motivated, and quality people in my life, and I feel lucky to have done so. -- Marketing

I�d like to debunk a "myth" out there in the business world that Tepper students have poor communications skills. I was in sales before I went to b-school, and I had good general communications skills. But I can honestly say my communications skills are at least 10 times better than they were before I attended Tepper. -- Marketing

My fellow classmates are very diverse and intelligent, and I have learned as much from them as I have from my classes. -- Marketing

After graduation, I will be working for my top-choice firm. I know, after talking to recruiters, that one of the reasons I got the job was because of my MBA from Tepper. -- Marketing

Awesome school, awesome experience. They treated me so well I would definitely give a huge amount of money back to them later were they to ask. Hands-down a great choice. -- Entrepreneurship

I received what I went to school for: A good understanding of business issues and the tools needed to tackle them. -- Consulting

It truly is impossible to collect the magic of this place exclusively through rankings or articles, and I would encourage and prospective students to visit the school and attend a few classes to get a real feel of the quality of the program. -- Finance

I am a mere three weeks away from graduation, and I�m leaving with a spring in my step. -- Finance

After coming in contact with students in other top ranked school, I can easily conclude that Carnegie Mellon students are way more prepared to contribute to the success of an organization with their sheer knowledge, strong work ethic and superior problem solving skills. -- Finance

The MBA at the Tepper School of Business exceeded my expectations. The quality of the education, faculty, classmates, and alumni, is excellent. -- Finance

Administrators told me that I would make a great salary at my summer job arranged through Tepper, which wasn't true. They also told me that I would receive big salaries and bonuses and possible tuition waivers from my future employer, which has turned out not to be true, either. -- Finance

The job market in Pittsburgh is not as robust as in some areas. Attending Tepper means that you either have to find employment in Pittsburgh or spend quite a bit of time seeking out jobs in New York, California, or Chicago. -- Finance

Tepper School of Business completely exceeded my expectations, and could not have been happier anywhere else with my education, career options and a strong base of amazing classmates. -- Consulting

I really think Tepper has come a long way over the past few years. Tepper's students have always had a reputation as "quant jocks" and, while they are extremely advanced in mathematics, they are very personable as well. -- Marketing

I have seen many changes to the school and program that are completely working in the students� favor, including numerous facility upgrades/renovations and program-specific revisions. I also loved the availability of professors -- Marketing

I'm very satisfied with my experience at Tepper. It was worth every penny, and I'd do it all over again if I had the choice. -- Marketing

While the �community� aspect is a very subtle point to get across unless you visit the school or attend, it is one of the reasons why Tepper is great. Not only do you get a chance to build meaningful relationships with your colleagues, but you also, as an individual, have the ability to drive substantial change within the organization. Whether this is through your own initiatives, student government, or clubs, you can be confident that you can make things happen at this school. -- Consulting