UNDERGRADUATE Profiles Publish Date 2/26/09

Carnegie Mellon University

Tepper School of Business

Getting In

PROGRAM BASICS

Tepper School of Business at Carnegie Mellon

5000 Forbes Avenue
Pittsburgh , Pennsylvania 15213

Private Institution

Web site

http://www.tepper.cmu.edu

Program e-mail address:

undergraduate-admissions@andrew.cmu.edu

Program telephone number:

(412) 268-2082

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1949

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS/Business Administration
BA, BS/Economics
BS/Managerial Economics

PROGRAM COSTS

Annual Tuition (Resident):

$ 39,150

Annual Tuition (Non-Resident)

$ 39,150

Cost per academic credit (resident)

$ 544

Cost per academic credit (non-resident)

$ 544

Required fees

$ 604

Books:

$ 990

Room and board:

$ 10,050

ENROLLMENT

Full-time undergraduate business student enrollment:

428

Part-time undergraduate business student enrollment:

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

5,892

ADMISSIONS

Interviews for entire college:

Recommended

Additional application requirements for entire college:

International students whose native language is not English are asked to take either the TOEFL test or IELTS.

Upcoming application deadlines for entire college:

Semester: Fall 2009 Early I
Deadline: November 15, 2008
Semester: Fall 2009 Early II
Deadline: December 15, 2008
Semester: Fall 2009 Regular
Deadline: January 1, 2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

100 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Freshmen admitted by:

Indicate interest on university application

Minimum requirements for business program:

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

N/A

Minimum college GPA for internal business program transfers:

3.0

Additional requirements for internal transfers:

*21-256 (B or better) Multivariate Analysis & Approximation *Resume *Essay

Total number of full-time applications for entire college:

13,527

International applicants, entire college, 2008-09:

17 %

Female applicants, entire college, 2008-09:

39 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

38 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

29 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Very Important

Talent/Ability:

Very Important

Interview:

Considered

Extracurricular Activities:

Very Important

Volunteer Work:

Very Important

Character/Personal Abilities:

Very Important

Application Essay:

Very Important

Work Experience:

Very Important

SAT/ACT Scores:

Very Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

2,823

Applicants enrolled in undergrad business program 2008-2009:

18 %

Applicants admitted to undergraduate business program, 2008-09:

14 %

CLASS PROFILE

Class Profile:

Female: 54 %
International : 18 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 78 %
Other countries: 22 %

Percentage of US citizens in entering class who are:

African American: 10 %
Asian American: 36 %
Hispanic or Latino American: 2 %
White (Non-Hispanic): 38 %
Chose not to report: 14 %

Entering students from the following region:

Northeast: 58 %
Mid-Atlantic: 22 %
South: 4 %
Southwest: 4 %
Midwest : 4 %
West: 9 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1393
Median: 1400

SAT middle 50% range on 1600 scale:

From: 1,340
To: 1,465

Mean: N/A Median: N/A

From: N/A To: N/A

Percent of Students Who Were In:

Top 10% of high school class

23 %

Top 25% of high school class:

45 %

HS GPA of 3.75 or higher

43 %

HS GPA of 3.5 to 3.74:

34 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 3,107,955

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 3,302,626

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

51 %

Undergraduate business students with full-tuition scholarships 2008-09:

1 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

80 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

20 %

School offers guaranteed loans:

Financial aid web site

http://www.cmu.edu/hub/fa/fa_main.html

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

79 %

Business students who graduate within 6 years:

88 %

Freshman retention rate:

89 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 121

Other degree requirements:

*364 units (121 credits) *2.0 GPA *Minor OR Track OR Additional Major

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 18 %
Classes with 21 to 50 students: 52 %
Classes with more than 50 students: 30 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

99 %

Required business courses that had waiting lists, 2007-08:

1 %

CURRICULUM

Number of elective courses available in business program:

Year of the last major change to the business program's core curriculum:

2008

Leading areas of study:

Consulting

Entrepreneurship

Finance

International Business

Marketing

Special programs for business students:

Internal & External case competitions; conferences; 3/2 MBA; honors thesis, computational finance program; Heinz College Accelerated Master's Program; Wednesday Night Insight; W.L. Mellon Speaker Series; Info Sessions on Research, Study Abroad, MBA, and career topics.

Business program offers work study or co-op opportunities:

Yes

Teaching assistants, graders and department assistants as well as financial aid eligible work-study.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Exchange agreements with five leading business schools world wide and Undergraduate campus in Qatar.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Students in Free Enterprise

Business clubs and extracurricular activities:

Students in Free Enterprise
Business Opportunities Conference (student-run job fair)
Undergraduate Finance Association Undergraduate Investment Club
Undergraduate Entrepreneurship Association Undergraduate Marketing Organization
Undergraduate Consulting Club
Department-Sponsored: Students sent to case competitions
Department-Sponsored: Students sent to conferences
Carnegie Mellon Business Association (student group for social events)

FACULTY

Faculty:

Full-time faculty : 45
Adjuncts and visiting faculty: 26
Permanent/tenured professors: 17
Percentage of permanent/tenured professors who are underrepresented minorities: 18

Prominent faculty:

Finn E Kydland The Richard P Simmons Distinguished Professorship; University Professor of Economics Nobel Laureate (2004)
Allan H Meltzer The Allan H Meltzer University Professor of Political Economy
Chester S Spatt Kenneth B and Pamela R Dunn Professor of Finance; Director Center for Financial Markets

STUDENT LIFE

Largest on-campus organizations for business students:

SIFE - Students in Free Enterprise
UMO - Undergraduate Marketing Organization
UFA - Undergraduate Finance Association
UIC - Undergraduate Investment Club
BOC - Business Opportunities Conference

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

* Upgraded the entire campus wireless network to enable 802.11n. * Completed extensive upgrades and standardization of 81 centrally controlled classrooms. * Deployed Web Kiosks for student access in University Center. * Implementation of collaborative computer cluster with innovative workspaces and equipment. * Campus web services improvements, including a new content management system. * Significant improvements to the campus data center including network, cooling and power facilities.

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

4,344

Prominent alumni:

Name: David Coulter
Title: Managing Director & Sr. Advisor, Warburg Pincus, former vice chairman at JP Morgan Chase & Co.
Name: Larry Kurzweil
Title: President & Chief Operating Officer, NBC Universal
Name: Tod Johnson
Title: Chief Executive Officer, The NPD Group

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

94 %

Seeking full-time employment in business: 78 %
Not Seeking full-time employment in business: 22 %

Number of companies recruiting undergraduate students on campus in previous academic year:

124

Other activities and services provided for business majors:

The Career Center offers ongoing one-on-one consultation, in-class presentations and a yearly workshop calendar, as well as national networking events and the New-York City based Futures in Finance interviews and site visits. The Wednesday Night Insight series features panels of alumni, recruiters and other corporate representatives whose purpose is to educate and expose students to various career paths. Speakers have included alumni such as Mr. Miles Reidy, CFO of Sears Holding Corporation.

Job offer results, 2008 graduates:

Accepted first job offer by graduation: 87 %
Accepted first job offer in three months following graduation: 7 %
Accepted first job offer more than 3 months after graduation: 5 %
Did not report having accepted a job offer: 1 %

Top hiring firms:

UBS
Deloitte Touche Tomatsu
Booz Allen Hamilton
Barclays Bank PLC
Citigroup Inc.
International Bus. Machines
Lehman Bros.
Deutsche Bank AG

C & D Zodiac
CGI
Abercrombie & Fitch
Bank of New York Mellon
Bearing Point
Capital One
Teach for America

Graduate compensation:

Mean base salary: $ 55,763
Median base salary: $ 60,000
Mean signing bonus: $ 7,878
Median signing bonus: $ 10,000

Grads accepted jobs in following functional areas:

Consulting: 25 %
Finance/Accounting: 41 %
General Management: 9 %
Management Information Systems: 1 %
Marketing/Sales: 8 %
Operations/Production: 7 %
Logistics/Transportation: 1 %
Other: 8 %

Grads accepted jobs in following industries:

Consumer Products/Retail: 3 %
Consulting Services: 23 %
Financial Services: 46 %
Government/Education: 1 %
Manufacturing: 9 %
Media/Entertainment: 4 %
Sports/Leisure: 1 %
Technology/Science: 4 %
Other: 9 %

Percentage of job acceptances, US and Canada:

US: 100 %

Grads accepted jobs in the following US regions:

Northeast: 43 %
Mid-Atlantic: 40 %
Midwest: 6 %
South: 1 %
Southwest: 3 %
West: 7 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

Top internship recruiters, 2007-08:

Goldman Sachs Group
Citigroup Inc.
Lehman Bros.
Merrill Lynch
Morgan Stanley
Deloitte Touche Tomatsu
Deutsche Bank AG
Barclays Bank PLC
JPMorgan Chase & Co.
PricewaterhouseCoopers
UBS
Booz Allen Hamilton

Freddie Mac
MTV Networks
PNC

Graduate Comments

All of my expectations have been surpassed in my three years at the school. The quality, depth, and intensity of this undergraduate program has challenged and fulfilled me, and brought me great success in my internship and job search.

The business school is pretty good, but the diversity of coursework offered in the Finance Department is extremely lacking. We almost never have the option to choose which upper depth electives to take as there are only two to three classes offered in finance each semester. The undergraduate department should get the MBA faculty to teach a variety of undergraduate level courses.

I've been lucky to be exposed to top-rate professors and top-rate peers. The city of Pittsburgh is a great place to go to school, with tremendous cultural opportunities. I've also liked the small size of our program relative to most other programs. It allows students to have a more intimate educational experience and has allowed for greater access to professors.

The professors are horrible. We rarely ever get MBA professors, who tend to be much better teachers. The business school has actually said to the undergraduates that they don't feel the resources are worth spending on undergraduates to have MBA professors teach them. Undergrads get the new professors or the one's who end up getting fired. It's like the undergrads are the test-bed for professorial quality.

Before I came, I was afraid that I did not make a right choice, but I am very happy that I decided to come here in terms of my classes, professors, education, and professional development.

Carnegie Mellon University's undergraduate business program gives its students the upper hand in business. After working at an internship at Harrah's Entertainment, I realized that CMU students most certainly add substantial value to the companies at which they work. However, the business school at CMU is focused primarily on finance which is sad for marketing majors like me, who would like to have more recruiters come here from our field. The business school has few marketing job offers. Most of the firms that recruit from CMU business school recruit for IT, operations management, or finance.

It was worth the money. I've gotten an amazing education from professors who care and who will remember me 10 years down the road. I love that the business school is so small. My professors and advisors know me as a person, not as a number, and have helped guide me into the perfect career path. Since the school is fairly small, I've created lasting networks with my classmates that have already helped me while searching for a job.

Tepper provides students with a highly quantitative and analytical framework that they can apply their post-graduation activities. In my past internships, I have not met students from other schools with as much technical and theoretical knowledge of finance as the average Tepper student. The quality of Tepper students is clearly high because their services are highly demanded. Furthermore, whether students are interested in marketing, operations management, information systems, finance, entrepreneurship, international business, or management, they can be assured that they will receive a well rounded education grounded in quantitative theory and leadership skills.

Carnegie Mellon offers an extremely diverse environment, with a chance to connect with people from all over the world. When working in groups, this allows students to gain a unique perspective of how business gets done in many different cultures. It is also well known that Carnegie Mellon produces students with strong quantitative and analytical skills.

The professors here are not just professors. They are all people with long histories in the business world and are able to share with students the incredible amount of knowledge and experience they have gained along the way.

Our program is relatively small and also does not accept external transfers. This allows each student to develop relationships with most of their classmates and many of the faculty members in their field. This sense of community from day one to the day of graduation creates an environment where you always have someone you know to turn to for advice or expertise. You never feel like you are just a face in the crowd.

I think it's pretty standard, it just has the Carnegie Mellon reputation behind it. I feel that I can get the same experience from a lot of other programs, there is just less prestige associated.

The ability to take MBA courses during Senior year is great. I'm in Information Technology courses with MBA students who have worked in the field that I want to go into, and it has been a great learning experience.

I believe the business program is unique in that it prepares all of its students to begin a career or to continue education. It allows us to explore our own paths, but gives us the means to do it.

The program gives us a great quantitative background, which employers seem to like a lot. The career placement center is amazing because the advisor is always completely available for students. During senior year the department provides you with so much support during your job search, including connections to alumni from the school.