The Tepper School of Business

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The Tepper School of Business

About Tepper
The Tepper School of Business at Carnegie Mellon, located in Pittsburgh, Pennsylvania, consistently ranks among the top business schools in the world. In 2007, the Wall Street Journal ranked the Tepper School #5 among the top MBA programs in the U.S., and our undergraduate program has been ranked a Top Ten business program by U.S. News & World Report for several consecutive years.

The school’s legacy is closely tied to our pioneering work in introducing management science to the marketplace and B-school arena. More than 50 years ago, the school’s leadership brought forth their vision of a better way to succeed in business.

Management science – the academic alternative to the case study method – has its roots in analytical decision making in complex, dynamic business environments. Its prevalence and popularity has had sweeping effects – today, nearly all leading B-schools include some form of the Carnegie Mellon management science model in their curriculum.

A commitment to knowledge discovery via interdisciplinary collaboration is at the heart of our academic philosophy. As a decidedly small school housed within a decidedly small research university, we are a conservatory of innovation. The linkages across campus are numerous and an inherent part of our culture. Partnerships that would be considered unconventional at other schools are what we do best. Tepper students partner with students, professors and researchers in other schools and centers, such as engineering, robotics, biotechnology and life sciences, product design and computer science.

Our degree programs include:

Undergraduate Business
Undergraduate Economics
Undergraduate Computational Finance
Masters – Computational Finance
MBA
Doctoral programs in Accounting, Economics, Financial Economics, Information Systems, Manufacturing and Operating Systems, Marketing, Operations Research as well as Organizational Behavior and Theory
Areas of specialization for which recruiters and researchers recognize the Tepper School include: Finance, Financial Engineering, Entrepreneurship, Operations Management, Consulting & Strategy, Computational Marketing and Technology.

As one of the most technologically elite universities in the world, the dedication to cutting edge learning and application underlies everything that we do – with an approach to business management that allows our students to make a significant impact in business and in society.

School Mission
The Tepper School Of Business At Carnegie Mellon
Our Mission:
To create and disseminate knowledge through research, teaching and learning; and to transfer intellectual products to society.

To serve our students by teaching them problem-solving, leadership and teamwork skills, as well as the value of a commitment to quality, ethical behavior, society and respect for one another.

To pursue the advantages provided by a diverse and relatively small university community, open to the exchange of ideas, where discovery, creativity and personal and professional development can flourish.

We are committed to improving the leadership and problem-solving capabilities of individuals so as to enhance their value to organizations and society at large. The Tepper School of Business strives for excellence in the creation and dissemination of knowledge that is grounded in scientific principles and directed toward improving the practice and profession of management. We achieve our mission through the creation and implementation of both general management programs and specialized, interdisciplinary educational programs, and also through conducting, publishing and transferring to society research that is of value and importance.

Our Goal Statement:
The Tepper School of Business at Carnegie Mellon endeavors to be the world leader and path-breaker in management education and research known internationally for:

Graduates who are capable of being high-impact business leaders, who are entrepreneurial and continuing to learn, and who can harness information and technology to produce sustainable economic growth.
Education and research programs that are innovative, interdisciplinary, information-technology intensive and international in scope, and that seamlessly build upon the core competencies of the Tepper School of Business and Carnegie Mellon University, thereby maximizing impact and value.
A learning environment that capitalizes on the advantage of diversity of community, the open exchange of ideas, and where discovery, innovation and creativity flourish.
Values that build upon high expectations of ethical behavior, respect for the individual, responsibility to society, dedication to work, and commitment to quality and continuous improvement.
source:http://www.gsia.cmu.edu/mba/mba-programs-coursework/fulltime-mba/course-sequence/index.aspx

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MBA Programs & Coursework
The Tepper MBA was designed for times such as these. As a borderless B-school that encourages students to stretch beyond the conventional business school program, we believe in the strength of analytical decision making for advancing with a global marketplace.

This conviction is not without backing - we are ideally positioned to leverage our size (small), campus (intimate) and worldwide reputation (vast) for breakthrough coursework and research.

As the business environment continues to evolve in speed and complexity, today's graduates will require the skills and confidence necessary for success. Making a difference will mean unprecedented levels of innovation. Tepper MBAs are ready for this business mandate.

As you learn more about our program, we encourage you to consider the type of career, community and experience that meets your needs and expectations. There's no such thing as "one best" B-school...think about what you value most in a transformation experience.

Our community is a special one. Its strength comes from a one-of-a-kind blend of cultures, personalities and professions. We've got a good thing here. We know it, and we nurture it. At Carnegie Mellon, you'll find fellow classmates, faculty, alumni and friends who will collectively support you for your future leadership role.

Navigate the links to the right to see which program option is the best fit for you. As always, we welcome you to contact us with any questions you may have about the three degree options.

About The Mini
Our mini-semester system - now copied by most other top business schools - splits the typical semester in half, creating four mini-semesters per academic year. Each mini-semester is 7.5 weeks long, and students typically take 4 - 5 different courses each mini-semester. This structure enables students to gain exposure to a wide range of topics, as well as many unique courses, as students may take more than 32 different courses while in the MBA program, only half of which are required core courses.

The mini gets students off the blocks very quickly, and this approach quickens the pace of discovery that allows students to hit the ground running. It’s one reason our students perform so well during their internships…thus far in their MBA experience, Tepper MBAs generally have more exposure to management theory and application. Many MBAs return from their internships with job offers for the following spring.

What makes this rigorous structure so effective? Our small class size (approximately 165 – 170 students per entering class) ensures that the school’s practice of integrating teamwork throughout the MBA experience becomes a necessary exchange of ideas and learning. We believe everybody brings something to the table. The diversity of professional backgrounds and experiences combined with high expectations of academic performance ensure each student is prepared to capitalize on leadership opportunities they will find throughout their careers.

Full-Time MBA

Make an Impact!
The new world of business is one without precedent. The challenges are dynamic and complex. They will also require the skills to adapt to business issues with speed and accuracy. Tepper MBAs understand that the sequence for leading in today's marketplace requires a well timed sense of anticipation, analysis and action. Specifically, an ability to transfer business strategy into competitive advantage and market leadership. This mindset serves as the fundamental philosophy of how we teach: interdisciplinary analytical decision making combined with high-level teamwork.

We have been leading the art and science of business for more than a half century. Many of the concepts practiced in business today originated on our campus. We know that the value of an MBA is best demonstrated by the individual transformation it provides. Leadership does not happen by accident. Successful executives have two vital underpinnings: a solid management foundation that encompasses the breadth of business fundamentals as well as the analytic depth to assess even the most complex of situations.

The Tepper curriculum and course sequence is built on this approach. The first year strengthens analytical skills with quantitative methods and models, communications and the business environment. The second year emphasizes coursework focused on corporate strategy across diverse, multi-functional issues. Tepper faculty rely upon numerous methods to strengthen students' leadership and decision making skills, including team projects, cases, lectures, independent study, and research.

Course SequenceYear One Full-Time

Students:
Foundation, Methods & Models
In Year One, students are exposed to the fundamental base of management skills that serves as an important driver throughout the first decade of their careers. Economics, organizational behavior and analytical courses form the intellectual foundation of developing an exceptional business skill set. The core begins with a solid foundation in the three fundamental scientific disciplines - economics, behavioral sciences and quantitative methods. In Year Two, the coursework provides exposure to depth and breadth associated with various industries and functions. The ultimate demonstration of students' intellectual transformation is the confidence with which Tepper MBAs are able to configure and re-test approaches to virtually any problem within any industry. The strong Year One base of training is the key to this adept understanding of those engines that influence business results. The focus is on relevant, not simply popular, management education and training mirrors the Tepper School's legacy and enduring academic philosophy.




Year Two Full-Time Students:
Integration, Applications & Strategy
The flexibility of the second year curriculum (virtually all elective courses) gives you the opportunity to integrate what you have learned, to explore the areas in which your career interests lie and to gain additional breadth across your choice of management areas.

FlexTime: Part-Time MBA


In 1985, we established a program whereby Pittsburgh-area students may pursue a masters degree in business while continuing their professional careers. This flexible, part-time program offers students the opportunity to obtain an MBA degree over a three-year period. We are one of the few top business schools in the nation that offers its master’s degree in management on a part-time basis. The Tepper FlexTime MBA was ranked #8 by Forbes magazine (2005).

The admissions and graduation requirements for the three-year program are identical to those of the two-year, full-time program except for the length of study. The faculty members and examinations are identical to the full-time program and all policies, rules and regulations applicable to the two-year program are also applicable to the three-year program.

The FlexTime program begins in August of each year. Students take two courses per mini-semester (a mini semester is approximately seven weeks) and attend school year-round. All required courses meet for two hours twice per week. The Tepper School of Business schedules two courses back-to-back on Tuesday and Thursday evenings from six o’clock to until ten o’clock. There are no classes scheduled on Friday evenings. Most elective courses meet once per week from six o’clock until nine o’clock in the evening.

The Tepper School understands that occasionally, due to professional or personal commitments, all students may not be able to follow the prescribed sequence. Therefore, some flexibility has been built into the program. However, all students must complete the MBA degree requirements within four years of their matriculation.
ATTEND A CLASS

Prospective FlexTime students are welcome to attend an evening class. Class visits are welcome Monday-Thursdays when classes are in session.

FlexTime Course Sequence

As a Tepper FlexTime MBA student, you’ll find an interdisciplinary, cutting-edge curriculum. There is no substitute for excellence in teaching and reputation. Unlike other part-time MBA programs, we do not substitute one-time visitors as your instructors. You will learn from our full-time faculty who are among the leading academics in their fields of study. We believe this commitment to offering one, unified MBA is a key distinction among the choices you have for business schools in the region.

THE 1ST HALF: FOUNDATION, METHODS AND MODELS
The core begins with a solid foundation in the three fundamental disciplines – economics, the behavioral sciences and quantitative methods. Students then gain a basic understanding of marketing, finance, production, accounting and strategy.



THE 2ND HALF: INTEGRATION, APPLICATIONS AND STRATEGY
The flexibility of the curriculum gives you the opportunity to integrate what you have learned, to explore the areas in which you are interested, and to gain additional breadth across the key management areas. In their second and third years, Tepper FlexTime students are able to focus almost exclusively on elective courses of their choosing, building depth from 11 different concentration areas. Most students earn 3-4 different concentrations throughout their course of study, providing them with a strategic understanding across multiple functional areas. The elective courses also allow students to engage in a number of industry-based project courses with actual business clients to examine and to define real problems and recommend solutions. Of course, the most valuable application our FlexTime students have is being able to immediately apply concepts learned in the classroom to their current organization!

Dual Degrees
The Tepper School’s MBA Dual Degree programs offer the flexibility to earn an MBA and a Masters in a specialized field in two to three years. Tailored to students’ professional interests and career aspirations, our Dual Degree programs are designed to provide interdisciplinary masters degrees in cross-campus arenas while providing the necessary business and technology context for which Carnegie Mellon is known. There are many advantages to this rigorous approach, including: depth of study, breadth of coursework in leading academic programs, world-class facilities and resources and an integrated model without boundaries. The flexibility and collaborative commitment to this program assures that additional academic options will be integrated annually so that students can continue to customize their MBA experience. Visit the links on the right menu to learn more about our current Dual Degree options.
CONTACT US

The admissions team would be happy to answer additional questions you may have regarding any of our dual degree programs.

FlexMode: Distance Learning MBA

Since 1996, Carnegie Mellon’s business school has offered its distance education program at various corporate sites throughout the United States such as Hartford, CT (United Technologies), Salt Lake City, UT (Goldman Sachs), and Sunnyvale, CA (Lockheed Martin). The FlexMode MBA Program is a real-time (i.e. live,) interactive, part-time program. The FlexMode Program enables the participants to maintain their gainful employment while pursuing the MBA degree. This program eliminates the need to relocate as well as saves 2 years of time, the standard for full-time MBA programs. The corporate site benefits by not losing the talents and services of valuable employees. The investment of the companies in their employees and the earning power of those employees are protected.

The entry and exit requirements for this distance education program are identical to those of the two-year, full time program offered at our campus in Pittsburgh: same faculty, same courses, same homework assignments, and same exams; nothing is diluted.

The three-year program begins in August of each year. Students take two courses per mini-semester and attend school year-round. All required courses meet for two hours twice per week. During your first year, the Tepper School of Business schedules two courses back-to-back on Tuesday and Thursday evenings from six o’clock to until ten o’clock EST. Most elective courses meet once per week from six o’clock until nine o’clock in the evening.

The Tepper School understands that occasionally, due to professional or personal commitments, all students may not be able to follow the prescribed sequence. Therefore, some flexibility has been built into the program. However, all students must complete the MBA degree requirements within four years of their matriculation.

If you are interested in the program but your company does not currently provide a site, a program presentation by our team can be conducted at your workplace in order to determine the level of interest. We require a minimum of eight students per site in order to deliver the program to a corporate location.

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MBA/Computational Finance
A winning combination of analytic rigor and practical business skills, the MBA/MSCF “Dual” degree is specifically designed for individuals with strong quantitative backgrounds seeking leadership positions within the financial services industry.

As MSCF students, dual students are taught the traditional finance theories of equity and bond portfolio management, the stochastic calculus models on which derivative trading is based, the application of these models in both fixed income and equity markets, computational methods including Monte Carlo simulation and finite difference approximations of partial differential equations, and statistical methodologies including regression and time series. As MBA students, through a variety of MBA electives, the Dual draws upon the strength of Tepper’s Nobel prize-winning finance and economics departments and is further broadened by a host of MBA marketing, strategy, communications and operations courses. For a career in finance, the dual truly is the best of both worlds.

Offered by the Masters of Science in Computational Finance program in conjunction with the Masters of Business Administration from the Tepper School of Business, the Dual degree is unique. No other school can offer you both the broad, analytical skills gained in a top-ranked MBA program along with the comprehensive, quantitative finance course of study found in CMU’s MSCF program. All this in only five semesters of coursework!

Program Structure
The Dual is a full-time program, jointly administered between the MSCF program and the Tepper School of Business. Offered on our Pittsburgh campus, the dual is twenty-four months in duration. Matriculating in August, the dual student completes a fall and spring semester, a summer internship (strongly encouraged but not required), and returns in the fall, graduating in August of the second year.

Completion of the MBA/MSCF dual degree requires a combined 46 courses from the MBA and MSCF programs (see “Course of Study”).

Students must be in residence for five consecutive semesters (excluding the summer internship).

Admissions
Students must meet the admissions requirements for both the MBA and MSCF programs.

Applicants are required to submit both the online MBA and online MSCF applications separately, including completing each application's required essays. All applicants to the dual MBA/MSCF program are required to take the GMAT which will be used for both the MBA and the MSCF applications. Three letters of recommenation are required which, along with transcripts, can be shared between the applications. Applicants are only required to pay one application fee.

Due to the sequential nature of the dual program structure, students must apply to both programs simultaneously prior to matriculating. Current MBA or MSCF students cannot apply to become a dual student.

Tuition: Students pay three semesters of MBA tuition at the rate for full-time MBA students and two semesters of MSCF tuition at the rate for full-time MSCF students.

Financial Aid: Merit scholarships and loans are available to eligible students.

Placement
The Career Opportunities Center at the Tepper School of Business works directly with students to assist them in developing career plans, seeking summer internships and conducting searches for permanent employment opportunities.

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MBA/Software Engineering
Program Structure
The MBA/MSE is a three-year (six-semester) program (plus a required internship in the summer of the first year) that begins each year in August. This dual degree program is designed for exceptionally strong candidates who have engineering/science backgrounds or appropriate experience. This program is offered by the Tepper School of Business and the School of Computer Science.

Dual-degree students take a minimum of 192 MBA units: 90 units of required courses and 102 units of electives. Students also take a minimum 150 units of designated courses and studio courses in Software Engineering, and must complete 4 elective courses from either the Tepper School of Business or the School of Computer Science courses listings. Elective courses must meet with the approval of the student advisors.

The candidate will pay tuition for 6 semesters: 3 semesters to the Tepper School of Business at the rate for full time MBA students; 3 semesters to the School of Computer Science at the rate of full time Software Engineering graduate students.

Admissions
Each applicant must apply and satisfy the admission requirements of the MBA program at the Tepper School and the MSE at the School of Computer Science respectively. The deadline for applicants is the same as the deadlines for the regular Masters program. Each applicant is required to take the Graduate Management Admissions Test (GMAT), as well as the Graduate Record Examination (GRE), and the computer science advanced subject tests.

For additional information regarding the MBA/MSE dual degree admissions proces, please contact Lauren Capone, Assistant Director of Masters Admissions, and for program information please contact Vickie Motz, Associate Director for Academic Planning at the Tepper School of Business.

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MBA/Healthcare Policy & Management
Program Structure
The MBA/MSHCPM is a 2.5-year (5 semester) program that begins each year in late August. This program is designed to educate strong candidates about the economic, political and financial environment in which health care is delivered and the understanding of how to manage and lead organizations across health care in the future. This program is offered by the Tepper School of Business and the H. John Heinz III School of Public Policy and Management.

Students will begin at the Tepper School and must complete 162 units of courses, which includes 90 units required core courses, and 72 units required electives. Students must also meet all the MBA requirements such as Management Game, Core Elective Requirements, Concentrations and Breath. Students are required to take 180 units of course work at Heinz which includes 120 units of Heinz required courses and 60 units of electives which could be taken in the MBA program and count towards the satisfaction of the MSHCPM requirement.

Students are responsible for 3 semesters of tuition to the Tepper School at the MBA full-time rate and two semesters of tuition to the Heinz School at the full time rate. In the first year, students will pay tuition for two semesters to Tepper at the MBA full-time rate. In the second year, students will pay tuition for two semesters to Heinz at the full time rate. For the final semester (5th) students will pay for one semester to Tepper at the MBA full time rate.

Admissions
Each applicant must satisfy the admission requirements of the MBA program at the Tepper School and the MSHCPM at the Heinz School. The deadline for applicants is the same as the deadline for the regular Masters programs.

Students should apply to both of the programs simultaneously prior to enrolling as a student. However, 1st year MBA students at Tepper may also apply during their 1st year of their MBA studies, but must meet the application deadline for the MSHCPM program. Each applicant is required to take the Graduate Management Admission Test (GMAT)

For additional information regarding the MBA/MSHCPM dual degree admissions process, please contact Lauren Capone, Assistant Director of Masters Admissions for the Tepper School, and for program information please contact Vickie Motz, Associate Director for Academic Planning at the Tepper School of Business. For Heinz-specific admissions questions, please email the Heinz Admissions Office.

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MBA/Juris Doctorate (Law)

MBA/Juris Doctorate (Law)
A cooperative educational program addressing the interaction of law and business administration is available through the University of Pittsburgh School of Law (Law School) and Carnegie Mellon Tepper School of Business. One need only look at the history of our society, as well as at both business and law school offerings to see that numerous concerns are common to both, especially in such areas as labor, antitrust, and corporate finance. Certainly, legal considerations affect many management decisions, and the quality of the practice of law is enhanced by a better understanding of the business policy considerations involved.

In response, we have worked with the University of Pittsburgh School of Law and designed a rigorous four-year dual-degree program. This dual-degree program benefits students by enabling them to receive integrated training in law and business, while saving time by reducing the period of time necessary to earn the two degrees from five years to four years. The dual degree program also enables graduates to act in an interdisciplinary fashion, helping them to more effectively merge the policy considerations underlying law and business in our society.

Program Structure
The candidate must satisfy both schools' degree requirements. At the Law School, 88 credits must be completed for the Juris Doctor (JD) degree, while MBA requires 192 units for the Masters of Business Administration (MBA) degree. Completing the JD degree while enrolled in the dual-degree program entitles the student to 30 units (10 semester-hours) of advanced standing at the Tepper School and completing the MBA degree entitles the student to 15 credit hours of advanced standing at the Law School.

The candidate must enroll either in the Law School or Tepper during the first year and in the other school during the second year (i.e., the first year is solely dedicated to one of the two programs and the second year is solely dedicated to the other program). The candidate is not permitted to take courses at the other school during this period. During the third and fourth years, a student may take courses at both schools.

Admissions
Interested candidates must apply and be admitted to both the Tepper MBA Program and the University of Pittsburgh School of Law. Admission to the dual-degree program can be made either prior to attending the Tepper and the School of Law, or during the first year of study at either school. Separate applications must be submitted to each school. In addition, a dual-degree application must be completed with a copy sent to each school. A joint admissions committee will decide upon admission to the dual-degree program once a student has been accepted to each school individually. The dual-degree application must be submitted no later than March 15.

Upon completion of the dual-degree program, students earn both the JD and MBA degrees.

Students are charged tuition at the following rates: during the first year at Tepper, the tuition for full-time MBA students (whether it is the first year of study or not); during the first year at the law school, the law school tuition (whether it is the first year of study or not); during each of the third and fourth years of the program, tuition equal to the sum of 85% of the law school tuition and 42.5% of the tuition for full-time MBA students. Tuition payments should be made in accordance with the current policies of Carnegie Mellon and the University of Pittsburgh.

For additional information regarding the MBA/JD dual degree admissions process, please contact Lauren Capone, Assistant Director of Masters Admissions, and for program information please contact Vickie Motz, Associate Director for Academic Planning at the Tepper School of Business.

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MBA/Public Policy & Management
The MBA/MSPPM is a 2.5-year (5 semester) program that begins each year in late August. This program is designed to educate strong candidates whose professional careers require an understanding of the interface between the private and public sectors and issues that span management of business enterprises and public or not-for-profit organizations . This program is offered by the Tepper School of Business and the H. John Heinz III School of Public Policy and Management.

Program Structure
Students will begin at Tepper and must take 162 units of required core courses, which include 90 units of required core courses, and 72 units of required electives. Students must also meet all MBA requirements such as Management Game, Core Elective Requirements, Concentrations and Breadth. Students are required to take 108 units of course work at Heinz, which includes 66 units of required courses and 42 units of concentration and elective courses.

Students are responsible for 3 semesters of tuition to the Tepper School at the MBA full-time rate and two semesters of tuition to the Heinz School at the full time rate. In the first year, students will pay tuition for two semesters to Tepper at the MBA full-time rate. In the second year, students will pay tuition for two semesters to Heinz at the full time rate. For the final semester (5th) students will pay for one semester to Tepper at the MBA full time rate.

Admissions
Each applicant must apply and satisfy the admission requirements of both the MBA program at the Tepper School and the MSPPM at the Heinz School. The deadline for applicants is the same as the deadline for the regular Masters programs. Students are required to apply to both programs prior to enrolling as a student; however, 1st year MBA students may also apply during their 1st year of their MBA studies, but must meet the application deadline for the MSPPM program. Each applicant is required to take the Graduate Management Admission Test (GMAT).

Dual degree students will have full access to the services provided by both the Tepper School of Business and Heinz School placement offices. Each student will be granted equal access to both open and pre-selected interviews scheduled by the placement offices and the resumes of the students will also be included in the resume books under a special heading.

For additional information regarding the MBA/MSPPM dual degree admissions process, please contact Lauren Capone, Assistant Director of Masters Admissions for the Tepper School, and for program information please contact Vickie Motz, Associate Director for Academic Planning at the Tepper School of Business. For Heinz-specific admissions questions, please email the Heinz Admissions Office.

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MBA/Civil & Environmental Engineering
The MBA/MSCEE is a 2.5-year (5 semester) program that begins each year in late August. This program is designed for students with B.S. degrees in engineering and offers the opportunity to develop technical and managerial skills in the management of civil and environmental engineering organizations, projects, and systems, as well as business management. This program is offered by the Civil and Environmental Engineering Department of the Carnegie Institute of Technology and the Tepper School of Business.

Program Structure
The dual degree students must take a minimum of 168 units of MBA courses (90 units of required courses and 78 units of electives) and 84 units in Civil and Environmental Engineering (36 units of required CEE courses, and 48 units of electives, 24 of which must be CEE courses). Please consult your advisor for a complete listing of curriculum.

In the first year, the student will pay tuition for two semesters to Tepper School of Business at the rate for full-time MBA students. In the second year, the student will pay tuition for two semesters to CEE at the rate for full-time MSCEE students. During the third year, the student will pay tuition for one semester at the rate for full-time MBA students to Tepper Business School.

Admissions
Each applicant must satisfy the admission requirements of the MBA program at the Tepper School and the MSCEE at Civil and Environmental Engineering respectively.

The deadline for applicants is the same as the deadline for the regular Masters program. Each applicant is required to take both the Graduate Management Admissions Test (GMAT) and the Graduate Record Examination (GRE).

For additional information regarding the MBA/MSCEE dual degree admissions process, please contact Lauren Capone, Assistant Director of Masters Admissions, and for program information please contact Vickie Motz, Associate Director for Academic Planning at the Tepper School of Business. For specific Civil & Environmental Engineering admissions questions, please contact Maxine Leffard, Graduate Admissions Coordinator for the Civil and Environmental Engineering Department of the Carnegie Institute of Technology.

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Online Course Catalog
Our mini-semester system splits the traditional semester in half. In a typical mini-semester, FullTime students take four or five courses, while FlexTime and FlexMode students take two courses. This course structure affords you wide exposure to topics and professors and more flexibility to design your MBA program for career opportunities. And it quickens the pace of discovery – preparing you to hit the ground running in your internship and career upon graduation. Students take at least 32 courses while in the program, only half of which are required core courses. The Tepper MBA is unique in its balancing of both breadth and specialization. Add to that its company-sponsored courses, international study options and the capstone Management Game course, and you have an MBA program unlike any other.

The application below will allow you to view recent required and elective course descriptions by area of interest. Note: In keeping with our tradition of innovation, the MBA faculty may revise the curriculum and course offerings at any time.

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FlexMode Course Sequence
The 1st Half: Foundation, Methods and Models
The core begins with a solid foundation in the three fundamental disciplines - economics, the behavioral sciences and quantitative methods. You then gain the familiarity with functional areas, such as marketing, finance, production, accounting and strategy.


The 2nd Half: Integration, Applications and Strategy
The flexibility of the program's second half (virtually all elective courses) gives you the opportunity to integrate what you have learned, to explore the areas in which you are interested and to gain additional breadth across the key management areas. The Management Game serves as the transition between skill development and corporate strategy.

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General Management
The General Management Track - synonymous with the existing, core MBA degree - is a popular academic option that provides students the advantage of an impressive roster of electives and that deliver depth across a variety of organizational functions.

The Tepper School has among the largest offering of electives of any top 20 business school. Depth across business functions is the basis for business strategy, it's this command of complex and dynamic problem solving strength that serves as the foundation of the core MBA degree. Most students in the General Management Track complete three to five concentrations during their course of study.

Concentration areas include: Accounting, Biotechnology, Communications, Economics, Entrepreneurship, Finance, Information Systems, International Business, Management and Strategy, Marketing, Operations Research, Organizational Behavior, and Production/Operations Management.

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Concentrations
Select from the links below to learn more about our conentration areas. Be sure to visit our Online Course Catalog as well for detailed course descriptions and faculty profiles.

Accounting
Biotechnology (Coming Soon)
Communications (Coming Soon)
Economics

Entrepreneurship
Finance
Information Systems
International Business

Management and Strategy
Marketing
Organizational Behavior
Production/Operations



Accounting
Accounting has been a mainstay in the MBA core curriculum since the school’s inception in 1949. While Financial Accounting and Managerial Accounting are required “core” classes for MBA students, there are unique electives to choose from in building an Accounting concentration grounded in analytical decision-making, technology, strategy and high ethical standards. For instance, in “Corporate Financial Reporting” students explore topics of recent interest to the business community, including quality of earnings mergers and acquisitions purchased RD post-employment benefits executive compensation and intangible assets.

In “Emerging Topics in Accounting” students are provided a flexible avenue to study current topics in accounting such as those that have received attention in the popular press and new ideas from accounting research. Examples of topics recently studied in the course include: Momentum accounting and momentum/impulse, Quantum accounting and quantum information, and Global accounting and composite currency



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Economics
The revolution that the we created in management science was, in part, spurred by the school’s leadership in the international economics arena. Answering the question of “Why markets?,” the program’s unprecedented research along with faculty Nobel laureates have reshaped public policy as well as deepened the debate surrounding societal and economic dynamics.

At the forefront of our Economic concentration is the Gailliot Center for Public Policy, directed by Professor Allan Meltzer and Adam Lerrick, two names renowned worldwide for their contributions toward improving economic policy. The strength of the business school’s economic concentration is reflected in the caliber of faculty research and its exceptionally strong partnerships in the public and private sectors.

Students will be prepared in their studies of capitalism, legal economic implications upon business and society as well as numerous courses in monetary, macro and global economics.


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Entrepreneurship
Recognized as one of the first business schools to focus on entrepreneurship as a distinct arena of management study (in 1972), the entrepreneurship program is ranked #6 by the Wall Street Journal.

Conducted through the Tepper School’s Donald Jones Center for Entrepreneurship, the research center is one of the leading centers for entrepreneurial management. (See Entrepreneurship in Organizations Track for details on in-depth study). Students are prepared for business success through an offering of many different entrepreneurial electives, ranging from basic management fundamentals to intensive project courses that involve market entry plans and venture capital strategies.

The curriculum combines theory with practice through a mix of coursework, hands-on venture capital exposure, corporate consulting and the close interaction with a world-class faculty, all having successful VC or entrepreneurial backgrounds.


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Finance
The recent #4 ranking of our finance program by U.S. recruiters (Wall Street Journal) highlights our outstanding reputation. Our finance program emphasizes the analytical and quantitative aspects of finance and accounting, offering students an opportunity to explore various methodologies and analyzes. Faculty include among the most prominent members of the financial academic community with success in fields of international finance, financial management, corporate finance and economic research. Graduates typically pursue careers at financial institutions, money management firms, corporate finance and treasury departments, consulting firms, and brokerage firms.



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Information Systems
The unprecedented speed in which technology transforms markets and economies has altered the way multi-national organizations successfully compete. As the university that is synonymous with technology, it has been a key player in leading this trend. Our students represent a new breed of leader, one who understands global issues and is able to take advantage of emerging trends and technologies.

Broadly encompassing an array of technical and managerial coursework as well as applied project experience, the Information Technology concentration is aimed at preparing students for a career in a technology-related field. With nearly 25 electives from which to choose in our computer science and information networking disciplines, students are able to take advantage of a cross-campus academic experience through our MBA program as well as the School of Computer Science, the Software Engineering Institute and the Heinz School of Public Policy.


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International Business
With 30-35% of each incoming class representing international students (this year from 24 different countries!) students receive an international perspective throughout their core courses. For students wishing to delve deeper into International Business Management, we offer both our Global Enterprise Management Track as well as a concentration in International Business. The concentration features introductory courses such as "International Business Management," which will broaden the students understanding of business issues and problems encountered in managing global business enterprises. Additional electives, such as "International Finance" and "International Accounting," focus on particular business functions using a global perspective. Courses such as "Cross-Cultural Mangement and Ethics" explore ways in which culture defines organizations.

Students find one of our Global Study options as a wonderful compliment to coursework in International Business.




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Management and Strategy
Today’s B-school environment is crowded with courses and programs that highlight “strategy” as the academic focus. Our Management and Strategy concentration distinguishes itself from other schools through an integrated approach to long-term, executive-level and competitive approaches to international business.

Featuring a faculty comprised of lawyers, entrepreneurs, authors and former CEOs, CFOs and COOs, the Management and Strategy curriculum encompasses a wide range of coursework, including business models for a new economy, organizational survival, industry evolution and competitive environments and financial economic modeling.



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Marketing
One of the most popular concentration areas, the marketing curriculum incorporates academic specialty areas related to buyer behavior, technology, B2B strategy, data mining, product design and development as well as the fundamental coursework in marketing management.

Our graduates are highly sought for marketing positions at consumer packaged goods, technology, health care/pharmaceutical, retail and start-up companies. Our students’ ability to approach marketplace and consumer issues as part of a honed, analytical framework is rare – and valued – in today’s fast-paced industries and categories.

In business situations when case study reference books and gut instinct don’t suffice, our grads solve problems that impact organizations’ competitive success. Within an analytical decision making context, coursework encompasses product marketing, market entry planning, segmentation, communications management, pricing/sales forecasting, channel distribution and management, and marketing research.

For those students who wish to focus on the analytical aspects of Marketing, the Analytical Marketing Strategy Track offers an opportunity to deepen your understanding and study our own "brand" of marketing.


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Organizational Behavior
As one of the pioneering fore parents of organizational studies, we believe that creating new knowledge is as important as disseminating it. In the 1960s our contributions in the arena of behavior science grew to impressive prominence. Today, the history of organizational research at our school is one of the path breaking, highly influential, interdisciplinary milestones that fundamentally changed how scholars think about organizations.

The program's strength lies within the areas of groups, negotiation and conflict management, social networks within and between organizations and organization learning and management.

The Organizational Behavior concentration features faculty who are spearheading innovative classroom-to-boardroom research, particularly in the arenas of knowledge transfer and management, interpersonal negotiation, team dynamics, organizational change and productivity as well as corporate leadership. Their credentials are impressive, serving in key leadership positions with the Academy of Management, Management Science Journal, Journal of Organizational Behavior and the International Association for Conflict Management.

The Organizational Behavior program includes a comprehensive roster of elective offerings. Within our trademark framework of analytical decision making, this program introduces models and techniques that elicit meaningful insights regarding the universal challenges of organizational success.



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Production/Operations
Each year 20 of the most elite business schools from around the world meet on the Tepper School's campus to participate in the nation’s capstone MBA Operations case competition. There’s a reason why we host the anticipated event.

Ranked as the #2 Operations program by the Wall Street Journal and #2 by U.S. News and World Report, our heritage as the academic pioneer of “industrial administration” has placed the school in the research, manufacturing and academic spotlight.

We view the complex industry of operations management as broadly as material, information, technology and people. Students are prepared to enter this field with a depth that effectively leverages operations management a source of competitive advantage. With a multitude of different elective offerings in this specialty discipline, the Operations Management concentration provides students exposure to studies in simulation modeling, logistics, manufacturing systems, quality design and analysis as well as strategic performance drivers.

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Online Course Catalog
Our mini-semester system splits the traditional semester in half. In a typical mini-semester, FullTime students take four or five courses, while FlexTime and FlexMode students take two courses. This course structure affords you wide exposure to topics and professors and more flexibility to design your MBA program for career opportunities. And it quickens the pace of discovery – preparing you to hit the ground running in your internship and career upon graduation. Students take at least 32 courses while in the program, only half of which are required core courses. The Tepper MBA is unique in its balancing of both breadth and specialization. Add to that its company-sponsored courses, international study options and the capstone Management Game course, and you have an MBA program unlike any other.

The application below will allow you to view recent required and elective course descriptions by area of interest. Note: In keeping with our tradition of innovation, the MBA faculty may revise the curriculum and course offerings at any time.

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Analytical Marketing Strategy MBA Track
Analytical Marketing Strategy is the application of multidisciplinary, quantitative methods and models to solve marketing problems. The Analytical Marketing Strategy Track leverages the power of data management and mining, model building, and strategic applications that capitalize upon the school's dominance in transferring knowledge to information driven decisions and competitive advantage.

The Analytical Marketing Strategy Track prepares students to make decisions that address direct marketing, CRM, product design and development, dynamic pricing, revenue management options, and customer loyalty. Numerous industry projects are available for the capstone project course. Customer retention processes are one of the fastest growing careers in marketing today in both consumer and business-to-business sectors.

The Track features a sequence of coursework in three underlying areas: database management, database development, and mining for marketing. However, based on recruiter interest, students can specialize in areas such as engineering, manufacturing and finance. Taking a broad view of the role future executives will assume in effectively leveraging information and technology for competitive success, the Track emphasizes both the technical as well as management-related aspects of information organizations, transfer and application.

While it is easy to recruit MBA graduates trained in traditional marketing, it is rare to find a future executive able to lead marketing decisions with large data sets using computational techniques. Whether creating targeted campaigns, evaluating and forecasting pricing sensitivity, or executing customer retention programs, the Analytical Marketing Strategy Track’s curriculum is highly relevant to today’s corporate marketing strategies.




CAREERS IN MARKETING

From brand management to global strategy, Tepper grads are known for a best-in-class approach to cutting-edge marketing, applying both classical and computational techniques within the retail, trade, technology and institutional industries.

Marketing Recruiters
Marketing Salary Statistics
Career Opportunities Center

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Biotechnology MBA Track
The Biotechnology Track features an interdisciplinary format that leverages the research expertise and academic leadership of the Tepper School of Business, the Mellon College of Science and Heinz School of Public Policy.

The Track’s framework is unparalleled as an impressive intersection – and authentic partnership – of several disciplines throughout the university, in particular science, engineering, robotics, computer science, business management and biomedical engineering. We view biotechnology as a complex, dynamic industry that requires both breadth and depth for executives to succeed in managing regulatory, management, scientific and marketplace issues.

Students who select this Track prepare for leadership in business and science. We understand the unique aspects of the biotechnology industry and have developed the Track with the objectives of effective utilization of technical and scientific expertise as well as strategic business leadership

Required Courses
Key courses included in the Biotechnology Track are:

Principles of Biotechnology
Biotechnology Regulations, Policy and Compliance
Biotechnology Industry, Structure and Strategy
Ethical Judgments in Professional Life
Capstone Project Course
Plus, four to five relevant electives selected by the student and approved by the Track faculty leader
Elective courses can be selected from biology, for a pharmaceutical focus; public policy, for a health care delivery focus; or engineering and robotics, for a medical devices focus. These three options are readily available, however, other directions can be designed with the Track’s faculty leader.

We recognize biotechnology as an industry that requires professional who can effectively manage multiple disciplines and perspectives. The growth and potential of the sector has resulted in a demand for executives who can simultaneously balance regulatory, scientific and business issues. The Carnegie Mellon culture is inherently collaborative. Our integrated campus network and decidedly small size breeds interdisciplinary exploration, and corporate partners benefit from a broader scientific view. Some of the world’s leading research centers in biomedical engineering, robotics, green chemistry and stem cell research are located on our campus, and MBA students who select the Biotechnology Track have the opportunity to work within them.

In addition, we have chosen the Tepper School of Business as the hub for this Track to ensure an equally balanced emphasis on business and science, while many other universities host their biotechnology programs and degrees in either schools of engineering or science.
Biotech & Life Sciences In-Depth

Carnegie Mellon recently received one of the largest medical grants of any university from the Howard Hughes Medical Institute to develop its biosciences programs. Learn more about the impressive research and resources available to MBA students studying in the Biotechnology Track:

Mellon College of Science
Life Science Greenhouse

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Entrepreneurship In Organizations MBA Track
The Entrepreneurship in Organizations Track provides exceptional depth in planning, funding and sustaining a successful new business. The Track focuses on three key areas for start-up survival: marketing, organization and funding. Students take required and advanced electives in each of these areas to acquire the planning skills to develop and execute a start-up plan. Students in the Track become Entrepreneurial Fellows and can participate in an executive guest speaker, summer internship, and final Track project program. Final projects can result from collaboration across the campus also. The resulting plan will be a new opportunity to secure required funding for a start-up, early stage or ongoing business.

Required Courses
Funding Early Stage Ventures
Renewable Advantage: New Models and Strategies
Entrepreneurship Through Business Acquisition
Entrepreneurial Thought and Action
Technology Commercialization and Business Development Strategy
Entrepreneurial Thought Leadership Seminar Series and Workshop
Capstone Project Course
Electives can be selected from marketing, finance planning and organizational structure and growth which represent the areas critical to successful market entry and growth.

The curriculum for this Track also provides an excellent basis for a career in consulting, finance, technology or venture capital due to student involvement with corporations, mid-size companies and start-ups. The entrepreneurship field is not limited to those seeking to launch their own company. In fact, many graduates become “intrapreneurs,” serving as business development executives and strategic leaders within established companies.

Students closely collaborate with faculty, researchers and students at Carnegie Mellon’s top-ranked programs including engineering, product development, computer science and robotics for the capstone course. During the second year of the program, numerous electives, events, case competitions and conferences are conducted to increase student exposure to possible business ideas and campus partnerships.

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Financial Engineering
The derivatives security industry is a global multi-trillion dollar business in which options, swaps, and other structured products are structured, priced, hedged and traded. The functioning of this dynamic market relies on complex mathematical and financial models for pricing derivative securities. Examples include Black-Scholes, stochastic volatility models, and Heath-Jarrow-Morton among others. These valuation models rely on advanced mathematics and must be computed numerically in all but a few special cases.

The Financial Engineering track prepares students for careers in derivatives trading, structuring, and risk management. The track consists of the finance and mathematics core of the well-respected Masters in the Science of Computational Finance (MSCF) program. Students completing the track will be proficient in using cutting-edge option pricing models. They will understand the mathematical theory underlying these models and be able to implement numerical techniques for computing these models.

Required Track Courses *
Intro to Probability
Options
Multi-Period Asset Pricing
Studies in Financial Engineering
Stochastic Calculus for Finance I
Credit Derivatives
Stochastic Calculus for Finance II
Simulation for Option Pricing

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Global Enterprise Management MBA Track
Global organizations are the norm today, and understanding how a multinational competes across a range of disciplines is critical for success. Integrated planning, R&D, operations, finance, and delivery of value to the global marketplace have changed business processes forever. This MBA Track combines the key business process areas at Tepper to provide exposure and learning for the new global enterprise.

Five functional areas have merged subject material:

Operations (supply chain and manufacturing)
Organizational Behavior (management),
Information Systems (technology)
Strategy (corporate resources)
Management (cultural) to constitute the content base of the track.

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Investment Strategy
Students who complete the Investment Strategy track will have distinguished themselves in terms of three sets of skills:

1. They will have a user-level understanding of the mathematics and statistics of modern valuation theory and derivatives pricing.
2. They will understand the economics underlying the theory.
3. They will be able to put the math, stats and economics together with data in order to solve problems that are important for the financial industry. Examples include identifying and implementing data-driven investment strategies and pricing and hedging structured products such as collateralized mortgage obligations (CMOs), credit derivatives and exotic equity options.

While this skill set is valuable for any finance job, it is of particular importance for careers in buy and sell-side money management, sales and trading, structured products and corporate treasury.

Two new courses are being developed for the Track. “alpha” emphasizes the development and implementation of data-driven portfolio allocation models which play an increasingly important role in the money-management industry. “Financial Economics” will teach the economic fundamentals underlying modern asset pricing and derivatives valuation.

Students taking the Investment Strategy Track are strongly encouraged to participate and play a leadership role in the Tepper Investment Club, where much of the content of the track can be applied.

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Management of Innovation & Product Development MBA Track


The Management of Innovation and Product Development Track (MIPD) provides students with a strong working knowledge of integrated product development, in which designers, engineers and marketers collaborate in a team environment to develop useful, usable and desirable products. Students will gain an in-depth understanding of how innovation and project management processes are utilized and focused for new product opportunities. Faculty from the schools of business, engineering, and fine arts provide the Track coursework and team guidance during the corporate-sponsored capstone course.

Required Courses
New Product Management
Marketing Research
Interpersonal Negotiation
Groups and Teams in Organizations
Industrial Design Fundamentals
Design for Manufacturing (or) Engineering Design
Capstone Project Course and an additional 1-2 electives selected by the student and approved by the Track faculty coordinator. Electives can be selected from other areas that influence product development such as marketing, entrepreneurship, intellectual capital and design.

The central objective of this Track is to provide a hybrid classroom environment in which project teams learn together, working collectively on company prototypes and market entry plans. Carnegie Mellon is the only business school in the United States to offer a fully integrated curriculum of this type, which aims at producing next-generation executives familiar with a multi-functional approach to product development. Students experience the actual issues and challenges associated with the development and launch of new products.

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Global Study
The Tepper MBA global study experience provides a range of options for international management opportunities. With a diverse student community (1/3 international) comprised of more than 20 different countries, a global perspective on business issues is an inherent aspect of classroom learning. Outside the classroom, students have the opportunity for flexible, tailored international trips or an intensive experience that spans two mini-semesters.

Global Treks (January and/or March)
MBA students in the full-time and part-time programs develop customized international treks that feature academic, corporate and cultural highlights intended to further students’ exposure to international management practice and trends.

The Global Treks occur for two weeks between the fall and spring semesters. One highlight of the treks is the close partnership with Tepper faculty members who work with student teams on the planning and accompany the team abroad. Currently, Global Trek regions include China (Beijing & Shanghai 2006, 2007, 2008), India (2008) and South Africa (2008). The trek format features morning classes at international partner universities; afternoon visits to corporations, HQ locations and manufacturing facilities; and evening social events with students, local executives, alumni and faculty.

Transitional Economies Study Abroad (March and April)
There is a study abroad program based in Koblenz, Germany, partnering with The Otto Beisheim School of Management (WHU). At WHU, Tepper students will learn about the historical, political and economic bases of the European Union (EU). In addition, the specific areas of finance, operations, marketing and entrepreneurship are examined within the context of the EU. WHU coordinates the program in various cities by integrating university coursework with corporate, and government visits in each city. Tepper MBA alumni in these cities will meet with Tepper MBA students during the visits at which panels and social events are organized.
Spotlight on Tepper Students Abroad


Read more about our students' treks to South Africa and India, and don't miss the photo gallery from the 2008 China trek!


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