FULL-TIME MB A - Carnegie Mellon University

Transcription

Francois de Carbonnel
Consultant and Senior Advisor
Global Corporate and Investment Bank
Citigroup Venture Capital
E-mail: [email protected]
www.tepper.cmu.edu
Financial Aid:
Phone: 412.268.1242
Fax: 412.268.4959
www.tepper.cmu.edu/faid
Career Opportunities Center:
Phone: 412.268.2278
www.tepper.cmu.edu/coc
Ph.D. Admissions Office:
Phone: 412.268.2301
www.tepper.cmu.edu/phd
Executive Education:
Phone: 412.268.2304
www.tepper.cmu.edu/execed
Carnegie Mellon University
Dr. Jared L. Cohon
President
Dr. Mark S. Kamlet
Provost
Tepper School of Business
Dr. Kenneth B. Dunn
Dean
Dr. Ilker Baybars
Deputy Dean
Dr. R. Ravi
Associate Dean, Intellectual Strategy
Dr. John Mather
Executive Director, Masters Programs
Steven Sharratt
Associate Dean, Advancement
Tepper School of Business
William Larimer Mellon, Founder
Carnegie Mellon University
5000 Forbes Avenue
Pittsburgh, PA 15213-3890
David A. Coulter
Managing Director and Senior Advisor
Warburg Pincus
FULL-TIME MBA
Tepper Business Board of Advisors
Masters Admissions Office:
Phone: 412.268.2272
800.850.4742 (U.S. only)
Campus Visits: 412.268.5687
Fax: 412.268.4209
FALL 2007
For Information
Masters Admissions Office
Phone: 412.268.2272
Fax: 412.268.4209
Toll Free: 800.850.4742 (U.S. only)
Lewis Hay, III
President, Chairman and CEO
FPL Group
www.tepper.cmu.edu
T. Jerome Holleran
Chairman
Precision Medical Products, Inc.
James Levy
Chairman
Park Lane Ventures
John E. McGrath
Senior Vice President
Booz Allen Hamilton
David T. Morgenthaler
Founding Partner
Morgenthaler Ventures
Cindy Padnos
CEO
Outlook Ventures
Frank A. Risch
Vice President and Treasurer (retired)
ExxonMobil Corporation
James E. Rohr
Chairman and CEO
PNC Bank Corporation
Jill Yellock (front cover)
MBA 2007
Hometown:
Birmingham, AL
Undergrad:
Management Information Systems
University of Alabama
Pre-MBA Employment:
Sun Microsystems, Inc.
Account Executive
2006 Internship:
Federal Reserve Bank of New York
Summer Associate
Tepper MBA Track:
International Business
Joel Stern
Chairman and CEO
Stern Stewart & Company
James R. Swartz
Founding Partner
Accel Partners
David A. Tepper
President and Founder
Appaloosa Management, L.P.
Kevin D. Willsey
Managing Director/Chairman
Global Equity Capital Markets
JPMorgan Securities, Inc.
Pamela Zilly
Senior Managing Partner
The Blackstone Group
www.tepper.cmu.edu
Statement of Assurance
Carnegie Mellon University does not discriminate and Carnegie Mellon University is required not to discriminate in admission, employment, or administration
of its programs or activities on the basis of race, color, national origin, sex or handicap in violation of Title VI of the Civil Rights Act of 1964, Title IX of the
Educational Amendments of 1972 and Section 504 of the Rehabilitation Act of 1973 or other federal, state, or local laws or executive orders.
In addition, Carnegie Mellon University does not discriminate in admission, employment, or administration of its programs on the basis of religion, creed,
ancestry, belief, age, veteran status, sexual orientation or gender identity. Carnegie Mellon does not discriminate in violation of federal, state, or local laws or
executive orders. However, in the judgment of the Carnegie Mellon Human Relations Commission, the Presidential Executive Order directing the Department
of Defense to follow a policy of “Don’t ask, don’t tell, don’t pursue” excludes openly gay, lesbian and bisexual students from receiving ROTC scholarships or
serving in the military. Nevertheless, all ROTC classes at Carnegie Mellon University are available to all students.
Inquiries concerning application of these statements should be directed to the provost, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213,
telephone 412.268.6684 or the vice president for enrollment, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213, telephone 412.268.2056.
Carnegie Mellon University publishes an annual campus security report describing the university’s security, alcohol and drug, and sexual assault policies and
containing statistics about the number and type of crimes committed on the campus during the preceding three years. You can obtain a copy by contacting the
Carnegie Mellon Police Department at 412.268.2323. The security report is also available online.
Obtain general information about Carnegie Mellon University by calling 412.268.2000.
TEPPER School of Business at CARNEGIE MELLON
www.tepper.cmu.edu
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 within a global marketplace. This conviction is
not without backing – we are ideally positioned to leverage our small size,
collaborative campus culture and worldwide reputation for breakthrough research
Kenneth B. Dunn, Dean
and coursework.
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 students are ready
for this business mandate.
As you learn more about our program, consider the type of community, career and
experience that meets your needs. There is unmistakable momentum here right
now. Tepper is one of the few U.S. business schools that has recently received a
transformational naming gift. As a result, we have accelerated our vision to lead
at the intersection of business and technology. We are also enjoying a number
of other achievements: a rise in the national MBA rankings, two Nobel laureates
within the past year, and internship and competitive employment statistics that
confirm the long-term value of our programs.
Discover a future of your own making at the Tepper School of Business at Carnegie
Mellon. We look forward to welcoming students who want to make an impact.
Tepper School of Business at Carnegie Mellon
I www.tepper.cmu.edu
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Erin Moyer
MBA 2007
Hometown:
Ravenna, OH
Undergrad:
Electrical Engineering
Johns Hopkins University
Pre-MBA Employment:
Johns Hopkins University
Applied Physics Laboratory
Digital Hardware Engineer
2006 Internship:
JPMorgan Securities Inc.
Fixed Income Strategy Summer Associate
Tepper MBA Track:
Wealth and Asset Management
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Will you lead the
innovation nation?
At the Tepper School of Business, we value and forge
a community that builds upon the strengths of the
school and our students. We strike a balance between
individual leadership and team commitment,
between analytical skills and interpersonal
communication. We challenge conventional wisdom
and strive toward consensus.
Above all, we focus upon the importance of
personal integrity and relationships.
Our community is a special one. Its strength comes from a one-of-a-kind blend
of cultures, personalities, professions and experience. We’ve got a good thing
here – an experience that really changes you. A close-knit culture like Tepper’s
is rare among top-tier business schools. We know it, and we nurture it.
Just as important as your background and credentials is your ability to seek
out and learn from others. At Tepper, you’ll find fellow classmates, faculty, industry
contacts, alumni mentors and friends who will collectively support you for your
future leadership role.
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5
5 patents
for
Ford
Motor Company as part of
the Management of Innovation
and Product Development Track.
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Original thinking.
The Tepper School of Business at Carnegie Mellon offers an
MBA degree and learning experience – inside and outside the
classroom – that is unique among business schools.
Joe
Buttermore
It goes beyond our pathbreaking concepts in management science. More than the six
MBA 2008
Nobel laureates who helped to introduce us onto the global management stage. More than
Hometown:
Pittsburgh, PA
an impressive selection of graduate coursework that spans industries, organizational
Undergrad:
Architectural Engineering
Penn State University
functions and cutting-edge research.
What separates us from other top-tier business schools is a pervasive, distinct culture of
Pre-MBA Employment:
Bonney Forge Corporation
Sales Engineer
innovation and collaboration. Our approach to problem solving unites people from different
2006 Internship:
GlaxoSmithKline
Brand Marketing Intern
schools able to leverage its size (small) and intellectual capital (vast) to create a borderless
Tepper MBA Track:
General Management
Partnership is not a new concept to us. The university itself was founded upon a vision of
mindsets and backgrounds. The Tepper School of Business is one of the only business
academic experience.
cross-disciplinary collaboration. We continue that legacy in a way that is exciting, unmistakable
and, yes, even unorthodox.
Many of today’s most relevant business lessons occur outside the walls of the business
school. At Tepper, students’ desires to extend their reach and academic experience are met
with a higher standard of exposure. In addition to classroom visits by executives and faculty,
students can immerse themselves in Carnegie Mellon colleges and schools that complement
Tepper’s management focus.
Consider the Management of Innovation and Product Development Track in which Tepper
MBAs study alongside other students from the schools of design and engineering, working
as a team with a corporate client to develop actual product prototypes, production planning
and market entry strategies. From athletic shoes to medical devices to automotive accessories,
the coursework has been the catalyst for corporate patents, market entry initiatives and
dozens of successful new products.
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1949
management
1949
science
is first introduced by Carnegie Mellon as an
alternative to the case study method.
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A
better way.
HOW DO YOU SOLVE A PROBLEM
THAT HAS NO PRECEDENT?
Carnegie Mellon consistently stands out in academic
history for its role in introducing a new business
More than 50 years ago, it was Carnegie Mellon that showed
the world another way – a more strategic, analytical way – to
succeed in business.
education model to the corporate landscape. Although
Carnegie Mellon’s business curriculum exposed
students to traditional models and theories, its claim
to fame would soon become a focus on management
A group of unconventional academicians, impatient with the predictable case studies used to
science, or decision making based on an analytic
teach business principles, were shaking up management mindsets and loving it.
approach to complex business problems.
Bringing together the university’s leadership strengths in business management, computer
In 1949, we first recognized the need for a graduate
modeling, organizational behavior and economic theory, the faculty team envisioned a business
business program that would equip students with
model built on a more sophisticated, scientific approach. A new academic principle was born,
the fundamental tools and knowledge needed to be
and nobody could have predicted the sweeping, worldwide influence that management science
effective leaders in uncertain, rapidly changing markets.
would create as a revolutionary model. Today’s business school standard combines both the case
study and management science approaches as a basis for cutting-edge curriculum. We respect a
historical perspective – we just don’t believe it should be the sole predictor for future decisions,
especially in unpredictable, dynamic business situations.
It has been said that imitation is the sincerest form of
flattery. As our analytical approach received worldwide
recognition, other business schools began adding
management science to their programs. Today, some
Quant. Analytics. Modeling. Methods. Don’t make the mistake of pigeonholing these unsung
form of Carnegie Mellon’s original academic model is
heroes of complex decision making into the misnomer of numbers crunching. It’s a distinct
taught at virtually every leading business school.
form of leadership. Our graduates know how to leverage management science to make
better, smarter, innovative, sure, robust, breakthrough successful decisions.
Although we lean toward the analytical, we also include
case-based learning within the MBA program. While
We think of it as the ultimate combination: students’ talents and instincts joined with our
the case method is an effective approach when the
academic approach that is built upon teamwork and analytical know-how.
environment and problems feature stable variables,
the Tepper School of Business chooses to emphasize a
combination of teaching methods so that graduates are
“
The Tepper School is where the revolution in management
education started. Our contributions in the arenas of analytical
decision making, modeling and management science principles
”
prepared for business environments that have a level
of complexity that has yet to be confronted. Within a
dynamic environment, management science is a
powerful tool for leading through yet-to-be-discovered
business problems.
have advanced the practice of business worldwide.
ILKER
BAYBARS
DEPUTY DEAN
PROFESSOR OF OPERATIONS MANAGEMENT
AND MANUFACTURING
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{R.O.I.} return on
innovation.
Looking for an edge in a business future not yet
realized? As you pursue your path toward a
personal and professional transformation, the need
to confront the complexity that lies ahead is a
present-day reality.
We believe that management training is at a crossroads. Traditional ways of
conducting business won’t work for next-generation leaders. The ever-increasing
pace of technology, globalization and complexity has created a standard in which
executives will be expected to solve problems that have no precedent. Tepper
MBAs’ unique combination of analytical abilities and bias for innovation has
earned our graduates a reputation as among the world’s most innovative thinkers.
Sola Talabi, a second year Tepper MBA student, sums up the career advantage
that comes with innovative coursework. “I’ve taken principles from the classroom
and applied them to my real estate development business. While preparing for a
zoning hearing, I armed myself with knowledge gained from Tepper. As a result,
the process went smoothly and quickly. I didn’t go into the meeting with an
entourage of specialists – I went with my education.”
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Sola Talabi
MBA 2007
Hometown:
Lagos, Nigeria
Undergrad:
Mechanical Engineering
University of Pittsburgh
Master’s:
Mechanical Engineering
Carnegie Mellon
Pre-MBA Employment:
Westinghouse Nuclear Services
Senior Engineer
2006 Internship:
Oxbridge Development Corp.
President/Founder
Tepper MBA Track:
Entrepreneurship
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120+
+
1
20
companies
have originated on the Carnegie Mellon
campus as a result of student and faculty
research and projects.
“
Tepper grads clearly set themselves apart.
Equipped with leading-edge tools, fresh insights and
seasoned experience, they successfully tackle the
”
toughest problems and the greatest opportunities.
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Common
Francisco
bonds.
D’Souza
MBA 1992
COGNIZANT TECHNOLOGY SOLUTIONS
CHIEF OPERATING OFFICER
The value of a business school network is significant, and the
Tepper School of Business provides the resources to assist
you in establishing and building a personal and professional
network that will serve you throughout your career and beyond.
Students make friendships and business connections that last a lifetime, and contacts are
created naturally within a community like Tepper, where our size facilitates networking.
Tepper students don’t have to collect business cards from hundreds of strangers they meet over
cocktails…rather, our students work with a wide range of successful professionals within a variety
of industries who readily open doors to personal and professional opportunities.
The culture lasts long after students’ time at Tepper and is a bond that is evident as students
pursue their career options. With 29 alumni chapters worldwide, the Tepper network extends
internationally into important industries and companies.
Pursuing an idea or dream focused on an entrepreneurial venture? Many students partner together
and utilize the Tepper School of Business as an incubator for new business planning and launch
efforts. The school’s Donald H. Jones Center for Entrepreneurship has been recognized by
NASDAQ as one of the top seven entrepreneurship centers in the United States. Below are some
examples of new business start-ups founded by Tepper graduates within the past few years:
> Adaptive Process Control
> Eidoserve
> NeuroLife
> Advanced Design Systems
> Envivial
> Orasure, Inc.
> Apangea
> Helium Networks
> Plextronics
> Ascendus
> Hobnob
> Pronunciation Patterns
> Biostics
> Hookabar
> Red Zone Robotics
> Clearspring
> Impact Games
> Rodost
> ClearCount Medical Solutions
> Industrial Learning Systems
> Sim Ops
> College Prowler
> MetroNaps
> Start Gardening
> EA Devices
> ModCloth
> Tova
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12
30
30 student
clubs
provide professional, social and recreational
opportunities with recruiters, alumni
and faculty.
Multiply your
network.
Within the Tepper community, there are many resources
available to support students’ academic, professional and
personal interests. From venture capital to wine tasting, Tepper
students are involved in a range of school-wide, community
and university activities that enhance career and individual
opportunities.
>
30 alumni chapters in 12 countries with alums who network with students
at local events, faculty and executive presentations, Reunion Weekend and
corporate presentations.
>
Rabbani
MBA 2007
Hometown:
Andover, MA
Undergrad:
Computer Science
Boston University
Pre-MBA Employment:
Deloitte Consulting
Consultant
2006 Internship:
Amazon.com
Operations Pathways Intern
Tepper MBA Track:
Operations, Strategy
115 faculty and 150 –160 classmates who know your name and your
face…the Tepper School of Business has one of the best student-to-faculty
ratios of any business school.
>
Mubbin
7 Carnegie Mellon schools and colleges that partner with Tepper MBAs on
research, entrepreneurial and corporate practicum projects.
NET IMPACT:
Progressive Thinking & Doing
Not interested in the sidelines? Neither are we. The
Tepper Net Impact chapter – part of an international
organization dedicated to social and environmental
issues – provides students an opportunity to serve as
ambassadors of change.
> The Tepper School of Business is a member of the Consortium for Graduate Study
in Management, an alliance of 13 leading business schools and corporations
that aim to enhance diversity in business by increasing representation of African
American, Hispanic American and Native American students.
Students are encouraged to join Net Impact – one of the
> Each year, Tepper students host and/or compete in more than 30 case competitions
in the areas of finance, entrepreneurship, marketing, operations and venture capital.
Tepper students host a range of activities aimed at
> The Global Study Abroad program provides an 8-week opportunity for students
to travel throughout Eastern Europe studying emerging and transitional economies
within European Union countries.
most influential B-school networks in existence today –
as a way to extend personal and professional interests
in social and corporate responsibility issues.
demonstrating that profit and positive change can be
partners in business success. The student Net Impact club
sponsors a faculty lunch series to examine issues of
corporate social responsibility. The team is also finalizing
plans for an internship fund for students wishing to
pursue positions in the nonprofit sector, trips to visit
social entrepreneurship organizations, a faculty debate
and a case competition centered on social responsibility.
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A solid framework focuses your attention – and your
business judgment – on the critical assumptions.
Business leaders won’t find this level of strategic
analysis from good guesses and rules-of-thumb.
The Tepper School of Business faculty are renowned
for their cutting-edge contributions to management
practices throughout the world.
MBA students have access to new knowledge, modeling techniques and
business theories years before the findings become available in journals and
textbooks. Bridging theory and application, Tepper faculty consistently rank
among the world’s best for intellectual capital.
One look at the research journals tells the story. Despite our small size, Tepper
faculty members hold the top editorial posts at the leading finance, organizational
behavior and economic journals. We don’t simply teach information. Tepper
professors are prized for a learning approach that gives students an immediate
advantage in their ability to make a significant impact upon organizations.
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Linda Argote
DAVID M. KIRR AND BARBARA A. KIRR PROFESSOR
OF ORGANIZATIONAL BEHAVIOR
DIRECTOR, CENTER FOR ORGANIZATIONAL
LEARNING AND INNOVATION
EDITOR-IN-CHIEF, ORGANIZATION SCIENCE
Teaching the
frontier.
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1:5
faculty
1:5
student
ratio
One of the best faculty-to-student ratios
of any top-tier business school.
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Anticipate>Analyze>Act: 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.
Can you confidently claim the know-how to confront any
problem, anytime, anywhere?
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
Laurens
Debo
ASSISTANT PROFESSOR
OPERATIONS MANAGEMENT AND
MANUFACTURING
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 the well as analytic depth
to assess even the most complex of situations.
The Tepper experience is built upon this approach. The first year of the MBA program
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, decision making skills, including team projects, cases,
lectures, independent study and research.
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“
Carnegie Mellon has indeed been small ‘gardens’
of learning blessed with exceptional teachers and students.
Yet there seems to be something more. The gardens
seem to have a special way of letting people grow.
The key ingredient for this magic is, I am convinced,
”
interdisciplinary scholarship.
Yuji Ijiri
R.M. TRUEBLOOD UNIVERSITY
PROFESSOR OF ACCOUNTING
AND ECONOMICS
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6
nobel
laureates
6
TEPPER SCHOOL OF BUSINESS
RESEARCH CENTERS:
Only one other business school
in the world can claim as many.
> Carnegie Bosch Institute for Applied Studies
in International Management
> The Carnegie Mellon Electricity Industry Center
> Center for Analytical Research in Technology
> Center for Behavorial Decision Research
Transferring
knowledge..
> Center for Business Communication
> Center for Business Solutions
> Center for E-Business Innovation
> Center for Financial Markets
Access to Tepper’s intellectual capital is unparalleled. Students
benefit from one of the best student-to-faculty ratios of any
top-tier business school. There are no ivory towers at Tepper. You’ll
get to know your professors and have the opportunity to learn
from some of the most influential minds in business management.
Listen closely. From our dean to our professors, you will often hear
talk about collaboration, ethics and innovation. These academic
mandates instill an understanding and expectation of excellence
that is carried forward into your career.
> Center for Interdisciplinary Research on Teams
> Center for International Corporate Responsibility
> Center for Management of Technology
> Center for Organizational Learning and Innovation
> Donald H. Jones Center for Entrepreneurship
> The Gailliot Center for Public Policy
> Green Design Institute
> Teaching Innovation Center
Tepper has a reputation for innovative knowledge discovery. This worldwide recognition is
notable for two reasons: it places Tepper alongside only one other business school in the world
(University of Chicago) as having six Nobel laureates as part of its faculty heritage, and, more
important, it signals the strength of the Tepper academic bench.
“
Carnegie Mellon is better than most at academic collaboration.
The university’s culture has encouraged and resulted in research
that has changed many important aspects of society, including
”
technology, science, economics, the arts and business.
Allan Meltzer
THE ALLAN H. MELTZER UNIVERSITY
PROFESSOR OF POLITICAL ECONOMY
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Pittsburgh: Forget everything
you think you know.
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Thinking steel and smokestacks? That image of Pittsburgh hasn’t been around
since the 1950s. Look again, and take in one of America’s most breathtakingly
beautiful cities. Situated at the confluence of three rivers and surrounded by
rolling green hills as far as the eye can see, today’s Pittsburgh surprises
nearly every first-time visitor who takes in the amazing scenery.
No city in America has reinvented itself more completely while safeguarding its authentic identity. Old-world charm
mixes easily with one of the nation’s most renowned high-tech centers. You’ll find shops, restaurants, recreation
and entertainment up and down more than 35 miles of urban waterfront. Two stunning new major league stadiums
anchor riverfront entertainment that includes marinas, pubs, waterparks and boardwalks.
Pittsburgh’s greenspace and vast network of trails is the envy of cities twice our size. Hike the Laurel Highlands by day
and listen to one of the world’s great symphonies that night. Tour Frank Lloyd Wright’s Fallingwater and step right into
whitewater rafting. Walk on the wild side at The Andy Warhol Museum or visit the Carnegie Science Center with your
kids. No need to rush. You’re never far from campus or home.
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22
Pittsburgh Steelers/Michael Fabus
topten
top ten
smart
cities
2006 Kiplinger’s ranking of
U.S. cities in which to live.
A
renaissance city revealed.
Clockwise: Visitors quickly discover what the locals
have long known…that Pittsburgh is packed with
options for family entertainment. Named as one of
the top five destinations in the Northeast by
FamilyFun Magazine, Pittsburgh’s museums, zoo
and aquarium, and aviary are consistently rated
as among the best in the nation.
Hazel-Ann Petersen, MBA 2007, with her
husband, Andrew, and children, Siroun and Aryll,
at Kennywood – a local amusement park
renowned for its historic carousel pavilion and
“roller coaster capital of the world” title.
Market Square is the city’s downtown old-world
gathering place, a business district that is home to
restaurants, shops, concerts and leisurely lunches.
The 2006 Super Bowl Champion Pittsburgh
Steelers draw sell-out crowds that have gained
worldwide recognition for their tailgating and
fan loyalty.
It was The New Yorker magazine that first speculated that
“if Pittsburgh were situated somewhere in the heart of Europe,
tourists would eagerly journey hundreds of miles out of their
way to visit it.” And no wonder – today’s Pittsburgh is a
shining metropolitan center, a welcoming blend of business
districts, neighborly hamlets and inspiring landscapes.
A best-kept secret no more, Pittsburgh sparkles with modern skyscrapers, lush hillsides and
clean, clear rivers. Art, culture and a thriving nightlife scene have reinvigorated this industrial
capital city – without destroying its authentic, must-see character.
Combining the best features of the Industrial Revolution and the Information Age, the city has
maintained a tradition steeped in European heritage. On a single street, one will find telltale
signs of Pittsburgh’s decidedly eclectic roots – a fifth-generation cobbler keeps shop next door
to a hip coffee and tea bar. Cobblestone streets lead to new-age art museums. Post-punk
nightclubs thrive in converted industrial warehouses. Victorian-era cable cars thread up the
steep face of Mount Washington, dropping passengers off at four-star restaurants overlooking
the beautiful city skyline.
The locals take it all for granted. Visitors can’t believe what they’re seeing.
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Don’t let the urban landscape fool you. Pittsburgh has more trees per square mile than any
other U.S. city, and green getaways exist even in the heart of downtown. Pittsburgh features
a Three Rivers Heritage Trail System that links the city’s neighborhoods along the downtown’s
38-mile shoreline.
The region hosts some of the nation’s most impressive architectural jewels. Against the
backdrop of bridges and mountains are the works of architectural greats Frank Lloyd Wright,
Henry Hobson Richardson and Philip Johnson, whose own post-modern PPG Place towers
above a formal plaza that delights professionals and visitors year-round.
Known as the “City of Champions” for its various World Series, Super Bowl and Stanley Cup
victories, Pittsburghers are known far and wide as among the country’s most avid sports fans.
Three professional sports teams provide plenty of excitement during the baseball, football
and hockey seasons. And often, you’ll be treated to a fireworks show after the home games
(it’s a ’Burgh thing).
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Treasure hunting.
If you like to be in the middle of the action, you’re in luck.
Pittsburgh’s calendar is full of year-round events that offer something for everyone – from
riverside boating regattas to winterfests that showcase the state’s 24 ski resorts. Pace yourself.
TEPPER MBA YEAR
PITTSBURGH TO-DO LIST
1
Take an afternoon to appreciate any of the city’s 20 museums and galleries. From Andy Warhol’s
> Find a bargain at the Three Rivers Arts Festival
pop art to the classic Monets at the Carnegie Museums, history buffs and art enthusiasts alike
> Dodge the spray at the Formula One race during the
will be impressed with the offerings of Pittsburgh’s cultural collections.
Pittsburghers hate to throw things away. The grand old downtown movie theaters have been
converted into art spaces, dance clubs and martini bars. The city’s music and theater schedule
rivals that of cities twice our size. Take in cutting-edge exhibits or instructional workshops at the
Pittsburgh Three Rivers Regatta
> Catch Major League Baseball’s Opening Day at
PNC Park
> Enjoy the sidelines at the Vintage Grand Prix
> Tune in (or out) at the Pittsburgh Blues Festival
Mattress Factory, Pittsburgh Glass Center and Society for Contemporary Crafts.
> Bundle up the family for the New Year’s Eve
Best of all, you can be anywhere in 15 minutes. Situated a few miles beyond Pittsburgh’s
First Night celebration
downtown business district, the Tepper School of Business sits on Carnegie Mellon’s 100-acre
> Capture Pittsburgh’s best side during Light Up Night
campus. Bordered by Schenley Park, a favorite of runners, golfers and cyclists, it’s hard to
> Lace up for the City of Pittsburgh Great Race
say where our campus ends and the park begins. You can play a round of golf, enjoy a run
between classes or catch an outdoor movie on Flagstaff Hill just a few hundred yards from
the school’s doorstep.
> Get decorating ideas during Historic Neighborhood
Siteseeing Tours
> Take the kids to the Butterfly Forest
> Tailgate with friends before a Steelers game
> Nominate a favorite flick at the Three Rivers
Film Festival
> Explore galleries and exhibits at the
Cultural District Gallery Crawl
> Enjoy the year-round blooms at Phipps Conservatory
& Botanical Garden Flower Show
> Scream on the Thunderbolt roller coaster at
Kennywood Amusement Park
> Pack a picnic for the Family House Polo Match
> Catch a practice round at the 2007 U.S. Open
at Oakmont Country Club.
25
Seth Mrozek
MBA 2006
Undergrad:
Physics
Brown University
Pre-MBA Employment:
Bank of America Corporation
Associate
Tepper MBA Track:
General Management: Finance, Accounting
2005 Internship:
Commonwealth Capital Group, L.P.
Summer Associate
Current Employment:
M&T Bank
Associate, Investment Banking
26
Meet the new boss.
What’s the key Tepper characteristic that impresses corporate recruiters?
Analytically superior? Ideal team player? Adept at utilizing technology
to solve problems? All are true, but recruiters most often cite Tepper students’
abilities to easily adapt to any professional situation. Our graduates know
how to match the pace of business in order to make an impact – and often,
they accomplish it more quickly than their peers.
Able and confident leaders enjoy a challenge, and Tepper MBAs forge pathways that require a high level of skill and
understanding. Recruiters know that this trait is in high demand. We are proud of the long-standing relationships
we maintain with more than 250 corporations that consistently seek Tepper talent for their recruiting needs.
As one Fortune 100 CEO put it, Tepper graduates “possess a DNA that seeks extreme knowledge.” Discover the
reasons why Tepper’s next-generation leaders are among today’s most sought-after hires.
27
250
Tepper recruiting partners.
We work closely with more than 250 companies that range from multinational Fortune 500 corporations to highly
specialized niche companies. The small size of our student population provides a key advantage relative to the
breadth of the recruiting and interview opportunities. The following list provides a sample of the companies that
regularly recruit at the Tepper School. For a complete listing of corporate recruiting partners, industries and job
functions, visit www.tepper.cmu.edu/coc.
A.T. KEARNEY
ABBOTT LABORATORIES
ABERCROMBIE & FITCH
ADVANTEST AMERICA, INC.
AGILENT TECHNOLOGIES
AIR PRODUCTS & CHEMICALS
ALCOA
ALLIANCE CAPITAL
MANAGEMENT L.P.
ALLIANT TECHSYSTEMS
AMAZON.COM
AMERICA ONLINE
AMERICAN AIRLINES
AMERICAN EAGLE OUTFITTERS
AMERICAN EXPRESS
AMERICAN GREETINGS CORP.
AMERICAN INTERNATIONAL
GROUP, INC. (AIG)
AMGEN
AOL TIME WARNER
APPIX INC.
APPLE
APPLERA CORPORATION
APPLIED BIOSYSTEMS
APPLIED MATERIALS
ARIBA
ARMSTRONG WORLD
INDUSTRIES, INC.
ASSET ALLIANCE CORPORATION
AT&T
AT&T WIRELESS
ATRIUM CAPITAL
AVAYA
AXA ADVISORS, LLC
AXENTIS, LLC
BABCOCK GROUP
BABSON CAPITAL
MANAGEMENT LLC
BAIN & COMPANY
BANC OF AMERICA SECURITIES
BANK OF AMERICA
BANK OF CANADA
BANK OF CHINA
BANK OF NEW YORK
BARCLAYS CAPITAL
BARCLAYS GLOBAL INVESTORS
BATHGATE CAPITAL PARTNERS
BEAR STEARNS & COMPANY INC.
BEARINGPOINT
BIMINI MORTGAGE
MANAGEMENT
BLACK & DECKER
BLACKROCK FINANCIAL
MANAGEMENT
BNP PARIBAS
BOC GASES
BOOZ ALLEN & HAMILTON
BOSTON CONSULTING GROUP
BOSTON SCIENTIFIC
CORPORATION
BP
BRISTOL-MYERS SQUIBB
COMPANY
BROWN BROTHERS HARRIMAN
BRUNSWICK CORPORATION
BUNGE
CALLSTREET
CAMPBELL SOUP COMPANY
CAPITAL ONE
CARDIACASSIST
CARDINAL HEALTH
CARNEGIE LEARNING INC.
CATERPILLAR INDUSTRIAL
CATHAY BANK
CELANESE
CEMEX
CGI-AMS
CHARLES RIVER ASSOCIATES
CHATHAM FINANCIAL
CHEVRON CORPORATION
CHINA MERCHANTS
SECURITIES CO. LTD.
CHROMALOX
CIGNA
CINTAS
CISCO SYSTEMS
CITADEL INVESTMENT GROUP
CITIBANK KOREA
CITIGROUP
CITIZENS BANK
CLOROX COMPANY
COCA-COLA COMPANY
COGNIZANT TECHNOLOGY
SOLUTIONS
COMCAST CORPORATION
COMMONWEALTH CAPITAL
GROUP
CONOCOPHILLIPS
CONSTELLATION ENERGY
CORNELL CAPITAL
CORNING
CORPORATE EXECUTIVE BOARD
COUNTRYWIDE FINANCIAL
CORPORATION
CRA INTERNATIONAL
CREDIT SUISSE FIRST BOSTON LLC
CREDITSIGHTS, INC.
CROSSTREE CAPITAL PARTNERS
CUBIST PHARMACEUTICALS, INC.
CURTIS FINANCIAL
D&B
DAYMON WORLDWIDE
DEL MONTE FOODS
DELL COMPUTER CORP.
DELOITTE & TOUCHE
DELPHI CORPORATION
DELTA AIRLINES
DERIVATIVE SOLUTIONS, INC.
DEUTSCHE ASSET MANAGEMENT
DEUTSCHE BANK SECURITIES
DIAMONDCLUSTER
INTERNATIONAL
DIAMOND MANAGEMENT
& TECHNOLOGY
CONSULTANTS INC.
DICK’S SPORTING GOODS
DIGITAL INSIGHT
DISCOVER FINANCIAL SERVICES
DISNEY CONSUMER PRODUCTS
DOUBLECLICK, INC.
DOW CHEMICAL
DRESDNER KLEINWORT
WASSERSTEIN
DTE ENERGY
DUPONT
DUQUESNE LIGHT COMPANY
EATON CORPORATION
EBAY INC.
EMC CORPORATION
EMERSON
ENTERGY
EQUITABLE RESOURCES
ERNST & YOUNG
EXELON CORP.
EXXONMOBIL
FANNIE MAE
FEDERAL EXPRESS
FEDERAL MOGUL
FEDERAL RESERVE BANK
OF NEW YORK
FEDERATED INVESTORS
FERENTIAL SYSTEMS
The recruiter listing is current as of August 2006. As corporations sign up for recruiting opportunities throughout the year, the Web site will be updated to include new listings.
28
+
FIDELITY
FIFTH THIRD ASSET
MANAGEMENT INC.
FIRST ANNAPOLIS
CONSULTING INC.
FIRST DATA CORPORATION
FIRST ENERGY CORP.
FISHER SCIENTIFIC
INTERNATIONAL, INC.
FISHER-PRICE
FMC CORPORATION
FORD MOTOR COMPANY
FREDDIE MAC
GAP, INC.
GE CAPITAL
GE CONSUMER FINANCE
GE FINANCE
GENENTECH
GENERAL ELECTRIC
GENERAL MILLS
GENERAL MOTORS
GENERAL MOTORS ASSET
MANAGEMENT
GENERAL NUTRITION
GENERIC TRADING OF
PHILADELPHIA
GENTEK INC.
GIANT EAGLE INC.
GLAXOSMITHKLINE
GMAC COMMERCIAL MORTGAGE
GOLDMAN SACHS
GOODYEAR TIRE &
RUBBER COMPANY
GOOGLE
GREENWICH CAPITAL MARKETS
H.J. HEINZ COMPANY
HARRAH’S ENTERTAINMENT, INC.
HARRIS CORPORATION
HARTE-HANKS INC.
HEWLETT PACKARD
HIGHMARK BLUE CROSS/
BLUE SHIELD
HOME DEPOT
HONEYWELL
HSBC
IBM
IBM CONSULTING
IBM GLOBAL SERVICES
IDC
IMS HEALTH
INCODE WIRELESS
INDUSTRIAL SCIENTIFIC
CORPORATION
INFOSYS TECHNOLOGIES LTD.
ING GROUP
INNOVATION WORKS
INTEGRIA
INTEL
INTERMEDIA GROUP INC.
JANSSEN PHARMACEUTICAL
JENNINGS RYAN & KOLB
JOHNSON & JOHNSON
JPMORGAN CHASE & CO.
JPMORGAN PARTNERS
JPMORGAN SECURITIES
JUNIPER NETWORKS
KENNAMETAL, INC.
KEY CORP
KLA-TENCOR
KOCH SUPPLY & TRADING
KPMG
LABRANCHE STRUCTURED
PRODUCTS
LEED’S
LEHMAN BROTHERS
LEVI STRAUSS
LEXISNEXIS
LEXMARK INTERNATIONAL, INC.
LIBERTY MUTUAL INSURANCE
LIMITED BRANDS
LMI CONSULTING
M&T BANK CORPORATION
MADISON CAPITAL GROUP
MAJESTIC RESEARCH
MANAGEMENT SCIENCE
ASSOCIATES
MASS MUTUAL
MASTERFOODS USA
MCKESSON PHARMACEUTICAL
MCKINSEY & COMPANY
MCMASTER CARR SUPPLY
COMPANY
MEDRAD
MELLON FINANCIAL
CORPORATION
MELLON INSTITUTIONAL
ASSET MANAGEMENT
MERCER MANAGEMENT
CONSULTING
MERCK
MERRILL LYNCH & CO., INC.
MICROSOFT
MILLENNIUM PARTNERS
MINE SAFETY APPLIANCES
COMPANY
MITCHELL MADISON GROUP
MOODY’S INVESTORS SERVICE
MOOG INC.
MORGAN STANLEY
MSCI BARRA
MUREX NORTH AMERICA INC.
NATIONAL CITY CORPORATION
NATIONWIDE FINANCIAL
NCR CORPORATION
NEW YORK MERCANTILE
EXCHANGE
NOMURA SECURITIES
OAK HILL PLATINUM
PARTNERS, LLC
OWENS CORNING
PA CONSULTING GROUP
PANAGORA ASSET MANAGEMENT
PENN CAPITAL MANAGEMENT
PFIZER
PITTIGLIO RABIN TODD &
MCGRATH
PNC FINANCIAL SERVICES
POLYONE CORPORATION
PPG
PRATT & WHITNEY
PRICEWATERHOUSECOOPERS
PROGRESSIVE INSURANCE
PSEG
PUTNAM INVESTMENTS
QUANTITATIVE RISK
MANAGEMENT, INC.
REALNETWORKS, INC.
RESPIRONICS, INC.
RISKMETRICS GROUP
ROSS PRODUCTS DIVISION
SAP AMERICA, INC.
SAPIENT CORPORATION
SARA LEE
SARA LEE BAKERY GROUP
SG COWEN
SMARTOPS CORPORATION
SMITH BARNEY
SOCIETE GENERALE
SONY CORPORATION OF
AMERICA
STANDARD AND POORS
STANDISH MELLON ASSET
MANAGEMENT
SYMANTEC
TEXAS INSTRUMENTS
THOMSON CORP.
TIAA-CREF
TOYOTA FINANCIAL SERVICES
TREMONT CAPITAL
MANAGEMENT, INC.
US AIRWAYS
UBS
UNILEVER FOODS
UNION PACIFIC
UNITED TECHNOLOGIES
CORPORATION
UPMC HEALTH SYSTEM
VOCOLLECT
VORTEX TRADING, LLC
WACHOVIA
WADDELL & REED, INC.
WASHINGTON MUTUAL
WEBSENSE
WELLINGTON MANAGEMENT
COMPANY, LLC
WELLS FARGO & COMPANY
WELLS FARGO SECURITIES
WESTERN ASSET MANAGEMENT
WESTERN UNION FINANCIAL
WESTINGHOUSE
WEYERHAEUSER
WIPRO TECHNOLOGIES
WYETH
YAHOO!
ZS ASSOCIATES
29
13.4%
$89,129
I N T E R N AT I O N A L
U N I T E D S TA T E S
career industries, job functions
and locations.
23.6%
$95,161
15%
$105,528
23.6%
$89,179
6.3%
$99,900
10.2%
$85,156
5.5%
$95,600
Interim statistics for accepted positions reported to the Career Opportunities Center as of August 22, 2005. This report conforms to
the MBA Career Services Council Standards for Reporting MBA Employment Statistics. (2.4% represents unknown regions.)
FULL-TIME MBA ACCEPTED POSITIONS BY FUNCTION AND INDUSTRY CLASS OF 2006
INDUSTRY
FUNCTION
■ Consulting: 26%
■ Marketing: 11%
■ Consulting: 26%
■ Finance: 39%
■ Production/Operations
Management: 10%
■ Financial Services: 38%
■ General Management: 8%
■ Information Systems/
Technology: 2%
■ Other: 4%
■ Manufacturing: 17%
■ Not For Profit/
Government: 1%
■ Technology: 14%
■ Other: 4%
Interim statistics for accepted positions reported to the Career
Opportunities Center as of August 22, 2006. This report conforms to
the MBA Career Services Council Standards for Reporting MBA
Employment Statistics.
30
career options and success.
Category
% of Offers
Mean
Median
FUNCTION
26.0
$107,428
$110,000
Finance
Accounting
Analytics/Structured Products/Other
Asset Management
Corporate (Analysis/Treasury)
Investment Banking
Research
Risk Management
Sales and Trading
39.4
.8
4.6
3.2
13.4
6.3
1.6
1.6
7.9
$90,099
$85,200
$99,167
$90,000
$86,259
$90,688
$74,000
$67,500
$98,602
$95,000
$85,200
$97,500
$92,500
$88,750
$95,000
$74,000
$67,500
$95,000
General Management
7.9
General Management/
Project Management
3.2
Strategic Planning/Business Development 4.7
$93,889
$88,000
$110,750
$80,400
$90,000
$82,000
Information Systems/Technology
Management
2.4
2.4
$102,500
$102,500
$102,500
$102,500
11.0
3.2
3.9
3.9
$75,350
$74,125
$77,080
$74,600
$81,500
$77,500
$90,000
$78,000
9.5
7.1
$91,545
$88,000
$95,000
$92,500
2.4
$101,000
$100,000
.8
$90,000
$90,000
3.2
$87,500
$87,500
23.6
15.0
23.6
13.4
5.5
6.3
15.0
13.4
10.2
2.4
$95,161
$94,882
$89,179
$92,419
$95,600
$99,900
$105,528
$89,129
$85,156
$88,333
$95,000
$95,000
$85,200
$85,100
$95,000
$97,500
$110,000
$90,000
$91,350
$90,000
Production/Operations Management
Operations Management
Supply Chain Management/Logistics/
Purchasing
Other Functions
Unknown
% of Offers
Mean
Median
Consulting
Management/E-Business/IT
Strategic
26.0
18.1
7.9
$105,709
$106,441
$104,100
$110,000
$110,000
$110,000
Financial Services
Asset Management
Credit Reporting/Analytics
Commercial Banking
Diversified Services
Insurance
Investment Banking
Other/Real Estate
37.8
6.3
2.4
5.5
2.4
2.4
14.2
4.6
$93,728
$90,000
$87,667
$88,607
$91,667
$175,000
$91,442
$101,666
$95,000
$92,500
$90,000
$90,000
$90,000
$175,000
$95,000
$102,500
Manufacturing
Consumer Products
Energy/Petroleum/Utilities/Chemicals/
Other Manufacturing
Pharmaceuticals/Biotechnology/
Healthcare
16.5
3.2
$82,980
$84,667
$85,000
$85,000
6.3
$81,463
$86,600
7.1
$83,767
$87,500
.8
$44,000
$44,000
Technology
Electronics
Hardware
Internet/E-Business
Software
Telecommunications
14.2
2.3
3.2
3.2
3.9
1.6
$90,818
$91,067
$89,050
$97,500
$93,625
$75,000
$90,000
$91,200
$90,000
$100,000
$92,250
$75,000
Other Industries
Media/Entertainment
Retail/Merchandising
Other
3.9
1.6
1.5
.8
$76,300
$77,500
$78,250
$70,000
$70,000
$77,500
$78,250
$70,000
INDUSTRY
Consulting
Marketing
Brand (B2C)
Product/Industrial (B2B)
Research/Analytic
Category
Not For Profit/Government
REGIONAL STATISTICS
Northeast
– New York City
Mid Atlantic
– Pittsburgh
South
Southwest
Midwest
West
International
Unknown Regions
Mean Acceptance
Median Acceptance
$93,579
$95,000
These interim statistics reflect salary figures for accepted positions (domestic and international) reported to the Career Opportunities Center by
the full-time MBA students as of August 22, 2006. 86% of the class registered as seeking employment had reported accepting as of that time.
Only annual base salaries (no bonuses) are reported above. Note: 84.17% of offers were reported with signing bonuses averaging $18,012 and
29.17% of offers were reported with other guaranteed compensation averaging $13,072. 94.49% of the students reported their base salary.
This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics.
31
Tepper MBA
We carefully consider fit, the way in which your
experience and potential match our culture
and academic offerings.
It’s our job to provide you with as many options for success as possible.
We look for students with the maturity and drive to thrive within this
type of environment – students who see their education as an everyday
act of self-creation.
At Tepper, you’ll find a cross-campus curriculum that exceeds your
expectations. We offer students the opportunity to immerse themselves in
Carnegie Mellon schools and colleges outside the MBA program. Students
learn from academic experts who lead many of the world’s top-ranked
research centers as well as from executives who are at the forefront of
their industries. We believe this difference is a key distinction among
today’s leading business schools.
32
Michael Trick
PROFESSOR OF OPERATIONS RESEARCH
the tepper mba
Kendra Votolato
MBA 2006
Undergrad:
Marketing & Accounting
The Ohio State University
Pre-MBA Employment:
Student
Tepper MBA Track:
Computational Marketing
2005 Internship:
Management Science Associates
Marketing Research Analyst
Current Employment:
BASES
Research Analyst
33
PRE MBA Programs & Orientation
mini-semester 1
mini-semester 2
mini-semester 3
mini-semester 4
7.5 weeks
7.5 weeks
7.5 weeks
7.5 weeks
FINANCIAL
ACCOUNTING
ACCOUNTING FOR
DECISION MAKING &
CONTROL
MARKETING
MANAGEMENT
BUSINESS LAW &
ETHICS
STATISTICS &
DECISION MAKING
PRODUCTION
& OPERATIONS
MANAGEMENT
ORGANIZATIONAL
BEHAVIOR
ELECTIVE
MANAGERIAL
ECONOMICS
ECONOMICS CORE
ELECTIVE
ELECTIVE
MANAGING
ORGANIZATIONS
FINANCE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
WRITING &
DECISION MAKING
PRESENTING &
DECISION MAKING
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
PROBABILITY &
DECISION MAKING
OPTIMIZATION &
DECISION MAKING
and to gain additional breadth across the key
management areas.
SUMMER INTERNSHIP
The flexibility of the second-year curriculum
to explore the areas in which you are interested
FOUNDATION, METHODS AND MODELS
three fundamental scientific disciplines – economics,
the behavioral sciences and quantitative methods.
INTEGRATION, APPLICATIONS
AND STRATEGY
opportunity to integrate what you have learned,
THE 1ST YEAR:
The core begins with a solid foundation in the
THE 2ND YEAR:
(virtually all elective courses) gives you the
2006/07
flexibility and options.
You then gain a basic understanding of marketing,
finance, production, accounting and strategy. Choose
as many as five electives in the spring semester of
the first year to develop depth in a functional area
before embarking on your summer internship.
mini-semester 1
mini-semester 2
mini-semester 3
mini-semester 4
7.5 weeks
7.5 weeks
7.5 weeks
7.5 weeks
MANAGEMENT GAME
STRATEGY
ELECTIVE
QUANTITATIVE ANALYSIS
ELECTIVE
INFORMATION
SYSTEMS
ELECTIVE
MANAGEMENT GAME
ELECTIVE
ELECTIVE
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
CONCENTRATION,
TRACK OR OTHER
ELECTIVE
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
OPTIONAL: ELECTIVE
Quantitative Analysis, Strategy, Organizational Analysis and Information Systems elective requirements can be taken in place of any elective.
In keeping with our tradition of innovation, the MBA faculty may revise the curriculum and course offerings at any time.
34
120+
120+
electives
from which to choose within the
Tepper MBA program.
academic choices.
MINI-SEMESTERS
Our mini-semester system splits the traditional semester in half, creating four mini-semesters per academic
year (each 7.5 weeks long). In a typical mini-semester, full-time students take four or five 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.
A MENU OF OPPORTUNITIES
Within the MBA program, you will choose one of two academic paths. The traditional Tepper MBA that includes
11 General Management concentrations or one of 8 MBA Tracks that features a specific portfolio of depth
electives within a specific industry, business function or technology area.
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.
Our decidedly small class size provides MBA students access to coursework and classes throughout
campus. Our borderless B-school involves master’s students from several other graduate programs
for an experience that mirrors real-world teams and business challenges.
“
With its analytical focus, the Tepper MBA provides
exposure to state-of-the-art technology tools that ensure
intelligent decision making. Graduates who possess these
skills and tool kits have a major advantage in competitive
”
business environments.
Javier Peña
ASSOCIATE PROFESSOR OF OPERATIONS RESEARCH
35
ACCOUNTING
INFORMATION NETWORKING & SYSTEMS
MARKETING
Auditing and Financial Diagnostics
Corporate Financial Reporting
Financial Statements and Fundamental Analysis
Fundamentals of Tax Planning
International Accounting
Strategic Cost Analysis
Valuation and Financial Information
Algorithms in the Real World
Business Intelligence Tools and Techniques
Computer Networking
Developing and Sourcing Information Systems
E-Business Project
E-Commerce Management
Emerging Information Technologies
E-Strategy
Fundamentals of IT and Digital Business Strategy
Human Computer Interaction
Information Resources Management
Information Security and Privacy
Information Systems Development
Information Technologies for Business
Information Technology Management
Introduction to Human Computer Interaction
for Technology Executives
Management of Software Development
Real Time Decisions with Resource Planning Systems
Strategic Uses of Information Technology
Systems Architecture for Managers
Telecommunications for Business
Branding
Business to Business Marketing
Computational Marketing Project
Customer-Driven Strategies and Services
High Technology Product Innovation
Interactive Marketing Leveraging Technology
Integrated Product Development Project
Marketing Applications of Data Mining
Marketing Communication and Buyer Behavior
Marketing Project
Marketing Research
New Product Management
Pricing Strategy
Web Application Development
Advanced Negotiations in Complex Environments
Developing Star Performers
Groups and Teams in Organizations
Interpersonal Negotiations
Knowledge Management and Organizational Learning
Managerial Decision Making
Managing Intellectual Capital and
Knowledge-Intensive Businesses
Organizational Change
Organizational Power and Influence
Social Networks: Coordination and Control
COMMUNICATIONS
Business Acting
Business Acting II
Consulting and Conflict Resolution
Controversy and Communication
Executive Communication Skills
French for Business Managers I
High-Stakes Presentations
Japanese for Business Managers I
Presenting Competitively
Spanish for Business Managers I
Survival German for Study Abroad
ECONOMICS
Business, Government and Strategy
Capitalism
Engineering Economics of Electric Power Systems
The Global Economy
Macroeconomics
Money Banking and Financial Markets
Monetary Policy in the U.S. and Abroad
ENTREPRENEURSHIP
Commercialization of Technology
Entrepreneurial Business Planning
Entrepreneurial Management
Entrepreneurial Thought and Action
Entrepreneurship Project
Funding Early Stage Ventures
Introduction to Entrepreneurship
Technology Commercialization Workshop
FINANCE
Corporate Finance
Corporate Restructuring
Financial Risk Management
Futures and Swaps
International Finance
Investment Analysis
Optimization Methods in Finance
Options
Studies in Corporate Finance
Studies in Financial Engineering
Taxation and Financial Strategy
Theory and Policy of Modern Finance
Valuation of Interest Rate Dependent Claims
Venture Capital and Private Equity
In keeping with our tradition of innovation, the MBA faculty
may revise the curriculum and course offerings at any time.
36
INTERNATIONAL MANAGEMENT
Capitalism
The Global Economy
International Accounting
International Business Management
International Finance
International Management in Europe
International Management in Transitional Economies
LEGAL & POLITICAL ENVIRONMENT
Ethical Issues in Business
Legal Aspects of Mergers and Acquisitions
Real Estate Strategies – Legal Environment
MANAGEMENT & STRATEGY
Bargaining, Reputation and Strategic Investment
Biotechnology Industry Structure Strategy
Competitive Strategy and the New Economy
Competitive Strategy Project
Consulting and Conflict Resolution
Corporate Transition
Customer-Driven Strategies and Services
E-Strategy
Experimental Methods for Business Strategy
Managing Intellectual Capital and
Knowledge-Intensive Businesses
Manufacturing Strategy
Meeting the Challenge of Corporate Leaders
Responsibilities and Perspectives of the CEO
Strategic Corporate Management
OPERATIONS RESEARCH
Operations Research Technologies for Consultants
Operations Research Implementations
Operations Research Project
Operations Research Models for Routing Distribution
Sequencing and Scheduling
Simulation Modeling for Production Systems
ORGANIZATIONAL BEHAVIOR & ANALYSIS
PRODUCTION/OPERATIONS MANAGEMENT
JIT Manufacturing and Supply Chain Management
Manufacturing Strategy
Operations Management Project
Operations Revenue Management
Quality Design and Analysis
Real Time Decisions with Resource Planning Systems
Simulation Modeling for Production Systems
Strategic Cost Analysis
QUANTITATIVE ANALYSIS
Business Forecasting with Time Series Models
Mining Data for Decision Making
Modeling for Management Science Application
Optimization Methods in Finance
OR Models for Routing Distribution
Technology Strategy
mba electives
mba tracks
The Tepper MBA Tracks program is an additional option for students interested in pursuing
depth within a specific industry while gaining a corporate focus that blends ideas and
research from several of the renowned academic departments on campus. While most MBA
students choose the General Management Track – synonymous with the core MBA degree –
seven additional depth Tracks provide an immersion opportunity for those students who
wish to gain interdisciplinary depth in tandem with their management foundation.
GENERAL MANAGEMENT
The General Management Track – the existing, core MBA degree – provides students the
advantage of an impressive roster of electives and the selection of two to four concentrations
that deliver depth across a variety of organizational functions. Concentrations include:
Accounting, Economics, Entrepreneurship, Finance, Information Systems, International
Business, Marketing, Operations Research, Organizational Behavior, Production/Operations
Management, and Strategy.
ANALYTICAL MARKETING STRATEGY
ENTREPRENEURSHIP IN ORGANIZATIONS
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 is one of the fastest growing
careers in marketing today in both consumer and
business-to-business sectors.
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 Finance. 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.
BIOTECHNOLOGY
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 the Heinz School
of Public Policy. The Track’s framework is unparalleled
as an impressive intersection of several disciplines
throughout the university, in particular engineering,
science, robotics, computer science, business
management and biomedical engineering. Students
who select this Track will be exposed to the innovative
thinking and emerging developments in the biomedical
and bioengineering areas. The participating colleges
allow Tepper MBAs to prepare for careers in the
pharmaceutical, health delivery or medical devices
industries. For any of the career directions, the Track
will provide leadership skills based on the effective
utilization of technical and scientific expertise with
strategic business fundamentals and processes.
GLOBAL ENTERPRISE MANAGEMENT
Global organizations are the norm today. Integrated
planning, R&D, operations, finance and delivery
of value to the global marketplace have changed
business processes forever. This 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)
and International Management (cultural) to
constitute the content base of the Track. A capstone
project and international experience will conclude
the Track study plan.
MANAGEMENT OF INNOVATION AND
PRODUCT DEVELOPMENT
The Management of Innovation and Product
Development Track provides students with a 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.
TECHNOLOGY LEADERSHIP
As a joint offering of the Tepper School of Business
and Carnegie Mellon’s top-ranked School of Computer
Science, the Technology Leadership Track curriculum
emphasizes strategic and management issues relevant
to cutting-edge development and application of new
technologies that lead to competitive advantage in the
marketplace. This includes: key concepts in information
security and privacy; human-computer interaction;
managing software development; enterprise systems;
and algorithms for advanced business applications.
Track participants will be prepared to lead their
organization in utilizing and leveraging innovative
technologies that require the understanding of the
complex issues that lie at the intersection of business
and technology.
WEALTH AND ASSET MANAGEMENT
The Wealth and Asset Management Track provides
advanced coursework in the application of financial
models and practice to private client wealth
management and portfolio management. This Track
includes an overview of techniques and methods
utilized by financial specialists in assessing potential
investment opportunities and implementing optimal
global portfolio trading strategies. Students become
knowledgeable in traded securities – ranging from
equities and fixed income instruments to futures and
options – and learn state-of-the-art concepts and
models for dynamic portfolio optimization and the most
recent empirical findings on asset pricing dynamics.
37
Malcolm
Johnson (left)
MBA 2006
Undergrad:
Marketing/Sociology
University of Notre Dame
Tepper MBA Track:
General Management: Finance,
Marketing, Entrepreneurship
Pre-MBA Employment:
Professional Athlete:
National Football League
2005 Internship:
The PNC Financial Services Group
Internal Consultant
University of Pittsburgh
Athletic Department
Marketing & Merchandising Associate
Current Employment:
Bank of America
Commercial MBA Leadership Program
Mary Ann
(Mac) Chiulli (below, left)
CLASS OF 1975
UNITED NATIONS
CHIEF, SYSTEMS SUPPORT
Ting
Shen (below, right)
MBA 2006
Undergrad:
Neuroscience, Political Science
The Colorado College
Pre-MBA Employment:
Muramati Tea Growers’ Bank
Micro-Finance Specialist
Tepper MBA Track:
Marketing, Strategy
38
2005 Internship:
United Nations Children’s Fund
Social and Economic
Development Intern
Current Employment:
IBM Consulting
Consultant
a world of options.
The credentials of a Tepper MBA feature a diverse roster
of experiences and skills that are built inside and outside
the classroom. The transfer of knowledge occurs in tandem
with corporations, faculty, classmates and alumni, all
working together to advance students’ career readiness.
CASE COMPETITIONS
An excellent way to gain experience in strategic analysis of real-world business problems while sharpening
presentation skills, case competitions attract students across many areas of concentration. With the support
and involvement of classmates and faculty, various student clubs have maintained impressive case
competition records. Within the past year, for example, Tepper teams placed first or were finalists in various
open and invitation-only competitions throughout the U.S., including competitions in Operations, Finance,
Entrepreneurship and Venture Capital. Corporate sponsors have included PPG, Johnson & Johnson, General
Motors, Union Pacific, Deloitte, Eaton Corp. and MBA Jungle magazine.
TEPPER GLOBAL STUDY ABROAD
The Tepper global study experience is a standard among
business schools. An eight-week course, based in
Koblenz, Germany, features The Otto Beisheim School of
Management (WHU) as our partner university. Beginning
with four weeks at WHU, Tepper students 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. Following the four weeks
THE MANAGEMENT GAME
in Koblenz, the program then moves to separate weeks
A Carnegie Mellon invention that has been adopted by other leading business schools, Management Game
in Bratislava, Prague and Budapest and concludes in
tests your skills in managing a corporation within a simulated environment in which Carnegie Mellon
Berlin. WHU coordinates the program in all cities by
students compete against students at other non-U.S. universities. Using complex computer simulation,
integrating university coursework with corporate, and
supported by the latest Web-based information management technology, student teams lead their
government visits in each city. Also, Tepper MBA alumni in
consumer products company through a wide range of management issues. Teams of five to seven students
each city meet with Tepper MBA students during the visits.
act as senior executives facing a host of global issues ranging from exchange rate risk to political risk
Another global study alternative features a visit to China
to trade barriers and shifting local cost structures. Teams compete head to head with other leading
for two weeks between the Fall and Spring semesters.
business schools and are required to make strategic and operational decisions involving finance, marketing,
Organized by faculty and students, the trip is divided
production and research, while working with a board of directors comprising local business executives.
into one week in Beijing and one week in Shanghai.
CORPORATE-SPONSORED PROJECT COURSES
Opportunities to work on actual corporate issues are readily available to MBA students. Project courses
give students the chance to work with businesses in examining and defining real problems and
recommending solutions. Each year, the business school receives numerous requests from companies and
At both cities, the morning is dedicated to coursework at
a partner university, afternoons include corporate visits,
and the evening includes social events with students,
local experts, leaders and faculty.
organizations worldwide to participate in project course and Practicum projects. Requests are evaluated
The global learning experiences are voluntary, and
and projects are selected that will make an impact on the company’s direction as well as provide students
details for each trip are shared early in the Fall semester
the opportunity to bridge theory and application.
so that each student can plan his/her academic year.
39
“
The Tepper School of Business has a well-deserved reputation
for innovative research and academic excellence. This is especially
true in the area of finance, where many Tepper faculty have
been recognized for their important contributions to research and
outstanding teaching. The benefit of this prominence is evidenced
”
by the career success of our graduates.
Robert Dammon
PROFESSOR OF FINANCIAL ECONOMICS
40
170
170
companies
partner with Tepper
as MBA recruiters for jobs in
investment banking, corporate finance
and sales & trading.
first in finance.
The standard was set here. As financial theory was emerging
within the academic arena of the 1950s, it was at Tepper
that maverick research would break through to create a
permanent impact upon finance research and curriculum.
INTEREST GAINED
Finance students also continue to strengthen
our legacy of leadership in the field. The popular
student-run Graduate Finance Association (GFA)
hosts case competitions, executive speakers,
It was then that our Nobel laureates and faculty members Merton Miller and Franco Modigliani developed
Wall Street networking trips, and valuation and
the theories that continue to serve as the foundation of modern corporate finance. It was here that
financial modeling seminars. These activities
John Muth teamed with Nobel laureates Robert Lucas, Finn Kydland and Ed Prescott in starting the rational
greatly enhance our students’ employment
expectations revolution in modern macro-economics, and it was at Tepper that those ideas were first applied
prospects during summer internships and
to financial asset pricing.
following graduation. The second-year GFA
membership works closely with first-year
While it’s easy to reminisce, we realize that the strength of our innovative finance research must lead to
students on mentoring activities in preparation
innovative teaching. As a result, students at the Tepper School of Business are taught by many of the best,
for their internship search.
most respected finance faculty in the country. Our professors lead the fields of taxation and finance,
For more than ten years, the GFA has hosted
mathematical finance and the micro-structure of markets. Interested in real-time learning? Right now,
the MBA Corporate Finance Case Competition,
Tepper finance faculty are researching – and introducing into the classroom – problems that cover a
which welcomes finance students from some
spectrum of future ideas: behavior of swap rates, dynamics of trades executed in dealership markets
of the country’s top business schools along
and the optimal way to organize IPOs.
with corporate sponsors such as Merck, Pfizer,
Sara Lee, Hewlett-Packard and Eastman
We take finance very seriously. Yes, you’ll find the rich set of electives expected at a top-tier business
Chemical. In the spring of 2006, the GFA
school. But, it’s our diverse areas of finance that have impressed both students and recruiters alike.
hosted a financial engineering case competition
Corporate Restructuring, Venture Capital and Private Equity, Taxation and Financial Decision Making, and
in conjunction with Lehman Brothers in New
International Portfolio Management are included in the 25 different finance, economics and accounting
York City. Tepper students stand out at these
electives. Because Tepper’s finance program is small by design, we are able to quickly respond as the
finance field evolves. We update, introduce and explore new finance courses on a regular basis in order
competitive finance competitions, often finishing
in first or second place.
(Please visit www.tepper.cmu.edu/mbagfa
to ensure that our students are gaining knowledge ahead of our peers.
for more information.)
Our reputation for finance clout is also evident on the mastheads of the industry’s leading journals. Although
other leading business schools have finance faculties nearly twice as large, it is the Tepper School of
Business that has been the home institution for two of the field’s three leading journals. In recent years, our
faculty members have served as editors of the Review of Financial Studies and the Journal of Finance.
Likewise, our academic influence extends to Wall Street and the Beltway. Tepper finance faculty members
Chester Spatt and Richard Green served appointments as the Chief Economist for the Securities and
Exchange Commission and as President of the American Finance Association, respectively.
41
James Isler
MBA 2006
Undergrad:
Finance/Economics
Northeastern University
Pre-MBA Employment:
Federated Investors
Municipal Fixed Income Analyst
Tepper MBA Track:
General Management: Finance, Entrepreneurship
2005 Internship:
PNC Capital Markets
Summer Associate
Current Employment:
PNC Financial Services
Senior Associate
42
career opportunities
career-minded from day one.
Tepper maintains worldwide recruiting relationships
that have served as examples of long-standing
partnerships for more than a decade.
Consistently ranked in the Top Ten of recruiter favorites in the annual Wall Street
Journal MBA rankings, the Tepper School of Business is often cited by hiring
managers for graduates’ strategic skills, teamwork strengths and ability to make
an immediate impact within the organization.
We work closely with corporate partners as the needs within the global marketplace evolve. Together, we prepare students to meet the challenges they will face
when they enter the business world.
43
The goal of the Career Opportunities Center (COC) is to assist you in identifying and achieving
the career opportunity that best matches your interests, skills and values. We accomplish
this goal by developing a close relationship that emphasizes the skills necessary during the
internship and employment search process.
Tepper students make a difference in business. We know that, and so do the recruiters who partner with us.
Corporations value the exceptional talent and career readiness of our students, who consistently deliver against
high expectations to solve problems and make important contributions.
Each year, there are a variety of programs and initiatives that the COC team focuses on to assure that employment
opportunities for Tepper students remain among the top of leading MBA programs. We maintain a highly active
appointment calendar – these meetings often result in extending and building upon our recruiting partners and
opportunities for our students. Additionally, we utilize an aggressive recruiter direct marketing campaign during
the peak recruiting season to showcase Tepper students’ experience and skills. The COC team also works hard to
ensure that services and relationships with recruiters remain exceptionally strong – which is one reason why the
Tepper COC receives top rankings for recruiter satisfaction.
Even though we are one of the “youngest” Top 20 business schools, Tepper has gained the recognition and respect of
companies around the globe. Please refer to the national rankings highlighting Tepper as a leading favorite of corporate
recruiters, and discover why our reputation for producing strategic leaders sets Tepper graduates apart.
Kenneth R. Keeley, Ph.D.
EXECUTIVE DIRECTOR, CAREER OPPORTUNITIES CENTER
“
The building blocks of character, values and skills
which were instilled in us as children, as students, as
growing professionals are surprisingly up front when
you sit in the CEO’s office and face the unexpected
every day. For me, Tepper took the blocks I was given
and refined them into powerful skills. You can learn
about ‘things’ on the job as CEO but not the instincts
you develop over a lifetime. My instincts are to question,
to analyze, to understand and to make decisions
”
based on values and facts. For that I can thank Tepper.
Cyrus F. Freidheim, Jr.
CLASS OF 1963
CHAIRMAN AND CEO
CHIQUITA BRANDS INTERNATIONAL, INC. (RETIRED)
VICE CHAIRMAN
BOOZ ALLEN HAMILTON (RETIRED)
44
100+
100+corporate
presentations & networking
events in which recruiters visit Tepper to
showcase company culture and operations
plus provide advice during the
job search process.
You’ll be ready.
At the core of our academic philosophy is a conviction
that our graduates will make a difference in the global
management arena. The partnerships we maintain with
more than 250 corporate recruiters are evidence of the
caliber of the Tepper MBA.
Your career development begins as soon as you arrive. Because the MBA program is small by design,
our Career Opportunities Center team is able to deliver individualized attention. We meet and know
every student, and his or her career aspirations are our priority. We also leverage Pittsburgh’s close
proximity to major metropolitan areas and encourage recruiting at our New York and West Coast Bay Area
LOCATION, LOCATION,
LOCATION
Pittsburgh is halfway between
New York City and Chicago, and within
a two-hour flight of more than
70 percent of the U.S. population.
YOUR GLOBAL CONTACTS:
TEPPER ALUMNI CHAPTERS
Atlanta
Japan
Boston
Los Angeles
Recruiters consistently comment on our students’ edge…the way they think and excel. We believe our
Brazil
Mexico
students’ advantage is driven by the ability to anticipate and respond in tandem with employers’ needs.
Chicago
New Jersey
China
New York City Metro
Interaction between our students and corporate representatives is an everyday part of the MBA
Cleveland
Philadelphia
experience. How do you get to know the right people? We encourage networking with recruiters and
Connecticut
Phoenix
alumni through numerous channels:
Dallas
Pittsburgh
Denver
San Francisco Bay Area
Detroit
Seattle
France
Spain
Houston
Switzerland
India
Taiwan
Kansas City
United Kingdom
Korea
Washington, DC
campus facilities.
NETWORKING 101
> Mock Interviews
> Student Clubs
> Research Centers
> Career Fairs
> Business Board of Advisors
> Alumni Mentorship Program
> Company-Sponsored Project Courses
> COC Workshops/Panels
> The Management Game
> CEO Speakers Series
> Resume Reviews
> Recruiting Trips
> Corporate Receptions
ALUMNI RESOURCES
The Carnegie Mellon alumni network, spanning dozens of countries, is another partner on the career
services team. Holding key positions at leading multinational companies, alumni open doors for new
graduates through networking events, interview workshops, resume reviews and mentoring programs.
45
A FAVORITE OF RECRUITERS
WORLDWIDE.
There is a reason why the Tepper
School of Business is consistently
ranked among the world’s leading
business schools. We don’t rest on
our reputation or past successes.
Our corporate partners value
the relevance and contribution
our students consistently bring
to management issues.
Rankings
Overall
#3 U.S. – Wall Street Journal
(Rank based on 186 U.S. business schools and 3,267
corporate recruiters)
#3 International – Wall Street Journal
(Rank based on 79 non-U.S. business schools)
#15 BusinessWeek
(Rank based on 94 U.S. and non-U.S. business schools)
#17 U.S. News & World Report
(Rank based on 399 business schools)
Recruiter Favorites – Tepper
Wall Street Journal Ranking Of Top Picks By Industry
#1 Energy and Industrial Products
#2 Technology
#7 Healthcare
#9 Management Consulting
Academic Nominations – Tepper
Wall Street Journal Ranking Of Recruiter Nominations
#2 Information Technology
#2 Operations Management
#5 Finance
#6 Entrepreneurship
*Rankings current as of September 2006.
46
William Grathwohl
MBA 1987
MANAGING DIRECTOR
FIXED INCOME, CURRENCIES & COMMODITIES
GOLDMAN SACHS
LONDON, UK
MBA class of 2007
internship compensation.
Category
% of Offers
Mean
Monthly
Median
Monthly
Consulting
11.3
$8,614
$9,000
Finance
Asset Management
Corporate (Analysis/Treasury)
Investment Banking
Research
Risk Management
Sales and Training
Other
43.4
5.0
15.7
8.2
1.9
3.1
3.8
5.7
$5,870
$5,174
$6,438
$6,366
$7,917
$4,360
$6,653
$4,492
$6,349
$5,415
$6,279
$7,911
$7,917
$4,330
$7,708
$3,850
General Management
General Management
Project Management
Strategic Planning/Business Development
11.3
1.2
1.9
8.2
$4,865
$3,891
$5,348
$4,907
$5,000
$3,891
$5,542
$5,000
FUNCTION
Information Systems/Technology
3.8
$5,893
$6,019
13.8
3.8
3.1
6.9
$5,075
$5,726
$5,372
$4,639
$5,358
$5,800
$5,716
$4,676
Supply Chain Management/Logistics
8.8
5.7
3.1
$5,625
$6,822
$3,948
$5,734
$6,500
$3,681
Other Functions
3.7
$7,582
$6,700
Unknown
3.8
$4,550
$6,100
Category
% of Offers
Mean
Monthly
Median
Monthly
Consulting
12.0
$8,244
$9,000
Financial Services
Asset Management
Commercial Banking
Diversified Services
Insurance
Investment Banking
Private Equity/Venture Capital
Other/Real Estate
30.8
4.4
3.8
1.2
1.9
14.5
1.9
3.1
$5,995
$5,178
$5,276
$4,330
$6,018
$6,942
$4,900
$4,998
$6,928
$4,330
$6,473
$4,330
$6,018
$7,913
$5,000
$5,042
Manufacturing
28.9
$5,563
$5,800
1.9
$2,953
$2,953
18.9
$5,631
$5,742
7.6
$4,955
$4,500
Marketing
Brand (B2C)
Product/Industrial (B2B)
Research/Analytic
INDUSTRY
Not For Profit/Government
Technology
Other Industries
Rita
Lee
MBA 2006
Hometown:
Los Angeles, CA
Undergrad:
Economics
University of California, Los Angeles
Pre-MBA Employment:
The Walt Disney Company
Strategic Planning Business Analyst
Tepper MBA Track:
General Management: Strategy
2005 Internship:
The Walt Disney Company
Strategic Sourcing Graduate Associate
Current Employment:
Disney Consumer Products
Strategic Finance and Operations
TEPPER INTERNSHIPS
Each fall, students return to campus with exciting
accounts of their summer internship experiences. The
affirmation of an academic year immersed in rigorous
coursework and team projects is evident as classmates
compare professional assignments and, more important,
their many successes in confidently applying what they
learned during their first year at Carnegie Mellon.
Internship opportunities span many industries:
consulting, financial services, technology, consumer
Mean Acceptance / Monthly
Median Acceptance / Monthly
$5,938
$6,065
packaged goods, automotive and pharmaceutical, to
name a few. Internship locations include cities across
the United States, as well as abroad.
These interim statistics reflect salary figures for accepted internships (domestic and international) reported to the Career
Opportunities Center by the full-time MBA students as of August 22, 2006. 100% of the class registered as seeking internships
had reported accepting as of that time. Only monthly base salaries (no bonuses) are reported above. This report conforms to
the MBA Career Services Council Standards for Reporting MBA Employment Statistics.
47
As any student knows, there are few
boundaries between living and learning.
That’s why Tepper offers a campus environment
that supports both – a place to balance mind
and body, heart and soul.
Perhaps more than any other feature of campus life, community is the
attraction for our students and alumni. The advantages of a class size that
fosters networking, teamwork and friendships are indisputable.
You’ll hear the references often. The Tepper community. It’s not hype. The
culture here really is one of a kind: a blend of academic support from worldrenowned professors combined with intense friendships with classmates
who will be the most talented people you’ll ever meet.
Student life.
48
Live well.
student & campus life
Anna Nemets
MBA 2006
Undergrad:
Economics
Ben Gurion University of the Negev
Pre-MBA Employment:
Pelephone Communications Ltd.
Project Manager
Tepper MBA Track:
Strategy
2005 Internship:
Fisher Scientific International
Finance Intern
Current Employment:
Fisher Scientific International
Finance Associate
49
Gallery Crawls offer art and recreation enthusiasts alike an outlet for culture and fun. The
popular quarterly event showcases art, music and streetscape exhibitions, and connects the city’s
university community to a vibrant art scene.
Yes, those are french fries on the sandwich. The riverfront Strip District – also a site for the city’s
fresh produce distribution network – has converted some of its warehouses and vegetable stalls
into a collection of sophistication, funk and multinational entertainment and dining.
Pittsburgh’s world-renowned theater, ballet, opera and symphony join nearly 20 other art venues
within an intimate 14-square-block city center known as the Cultural District.
50
720
720bridges
within Pittsburgh’s city limits – more than any
other city in the world except Italy’s Venice.
work by day. step out at night.
The Pittsburgh social scene is one that students love to get
to know. Whether you stick close to home or hang out for a
weekend in the mountains, there is plenty to do and see.
The Strip District. South Side. The Waterfront. Shadyside. Discover students’ favorite neighborhoods for
a cultural scene that packs in dining, dancing and partying amidst city blocks that are an exciting blend
THE A-LIST
Esquire magazine has rated Pittsburgh's
of food, shopping, art and nightlife.
The Tepper School of Business is located in Oakland, a self-proclaimed cultural capital. Museums,
international restaurants, shops, and theaters are all within walking distance, as are accessible housing
music scene as #1 in the nation as part
of its “Cities That Rock” ranking with
and plenty of nightlife venues. Many of Oakland’s residents are students, who will tell you that life in
thumbs-up honors to a city that knows
this city is not only friendly but affordable. The average price of a home or a month’s rent is half of what
its music. From arenas and amphitheaters
you would expect to pay in New York, Philadelphia, Chicago or Boston.
to cabarets and coffee houses, Pittsburgh
Best of all, the fun combines with friendliness. Pittsburgh has been designated by Century 21 Real Estate
has some of the best live performance
as the safest city in the U.S. for populations exceeding one million residents, and Money Magazine ranks
venues in the country.
the property crime in Pittsburgh lower than in any other major city in the Northeast.
51
Tepper MBAs enjoy a proud moment at the summit of the
Uhuru Peak of Mount Kilimanjaro as part of their summer
vacation.
“Team Day,” a favorite Tepper tradition, is held each fall
as part of MBA student orientation. New students explore
and enhance their team dynamics in advance of the
mini-semester kick-off.
The annual International Festival celebrates the heritage and
cultures within the Tepper student community. The event
showcases student cultural presentations, cuisine booths and
heritage exhibits. With more than 30 countries represented by
the Tepper student population (the Texans effectively lobbied
for representation), the event complements the academic
focus on global business leadership.
52
Colin Raney MBA 2007
Hometown:
Texarkana, TX
Undergrad:
Business Computer Information Systems
University of North Texas
Pre-MBA Employment:
Product Manager
Oracle Corp.
2006 Internship:
IDEO
Design for Business Intern
Tepper MBA Track:
Management of Innovation and Product Development
join in. reach out.
TO THE TEPPER MBA
CLASS OF 2009,
As you move ahead with the important decision to pursue
Visit www.tepper.cmu.edu/mbaclubs for links to each
of the student club Web sites. Log on to obtain contact
information or a calendar of events that matches your
personal or professional interests.
> Admissions Welcome
Committee
> Asian Business Association
> Black Business Association
> BioPharma Club
> Business & Technology Club
> Consulting Club
> Entrepreneurship Club
> European Business Club
> Golf Club
> Graduate Finance Association
an MBA, I invite you to learn more about Tepper’s rich
learning environment and its strong sense of community.
In any MBA experience, you’ll learn skills vital to your
career, but the intimate learning environment of Tepper
allows you and your classmates the opportunity to delve
deeper and learn more than you ever imagined.
> Hedge Fund
> Real Estate Club
> Investment Club
> Roadrunners Club
> Latin American Business Club
> Robber Barons
> Marketing Club
> Social Committee
> Net Impact
> South Asian Business
Association
community that offers support and advice during the
> Tepper Outreach Club
skills outside the business school. During my first year,
> Tepper Women in Business
I took courses in the design school. Those skills along
> Venture Capital Club
with business skills I gained at Tepper were instrumental
When I was researching programs, I was looking for a
program with the right cultural fit. I wasn’t interested in
the cutthroat environment of some of the larger schools;
> Operations Club
> Organizational Leadership Club
> Out @ Tepper
> Partners Club
> Wine Tasting Club
> Poker Club
I knew it would be too distracting. At Tepper, I’ve found a
learning process. I was also interested in augmenting my
in landing my summer internship.
As president of the Graduate Business Association (GBA),
> Public Speaking Club
I encourage you to become involved with the student-led
organizations at Tepper. Because we’re a small school,
TEPPER MBA YEAR 1 TO-DO LIST
you’ll be surprised at the impact students can make. In the
> Sign up for the GBA White Water Rafting Trip
during Orientation
> Plan for B**rs Happy Hour every Friday
when the bell rings
GBA, we’re launching a new program where 2nd-year
students help 1st-year students prepare for their summer
> Break piggy bank for Casino Night
> Dress up for the Annual Holiday Party
internship search.
> Roll up sleeves for Business to Community
> Rehearse song and skits for the annual
Good luck with your application process. I hope that you
Day volunteer work
Tepper Follies
discover why we’re different from other business schools.
> Plan costume(s) for the Tepper Halloween Party
> Find a partner for the ice skating party
From the hours I’ve spent working on school projects, to
> Hit the University Center for the “Turkey
> Practice bidding for the annual student
the lifelong friends I’ve made, I won’t forget the impact
Tourney” charity basketball game
> Practice for karaoke contests
auction
> Anticipate big break during the Tepper
Talent Show debut
> Volunteer for Connections and Welcome
Tepper has made on my life.
Colin Raney
PRESIDENT
TEPPER GRADUATE BUSINESS ASSOCIATION
Weekends
53
There is no one-size-fits-all MBA degree. The options
are many. However, finding the right program
begins here. At Tepper, you will experience an obvious,
authentic transformation that stays with you.
If you are ready to work hard and hone skills robust enough for next-generation
leadership, you’ll thrive in the Tepper community.
Our students have a reputation for strong analytics, innovative mindsets and
impressive character. Tepper grads don’t learn within a cookie-cutter curriculum,
and their career successes reflect a unique outlook on how to approach and
solve virtually any problem confronting business.
Tepper MBA admissions:
Make your
mark.
54
tepper admissions
55
success starts here.
TEPPER MBA ADMISSIONS TEAM from left-to-right: Krystal Ray (soloist); Carolyn Hess Abraham (soccer and basketball mom); Gwendolyn Stanczak (mom-to-be);
James Frick (dog lover); Laurie Stewart (golfer); Monique Moreland (Alpha Kappa Alpha Sorority, Inc.); Dana Sember Sybert (globe trotter).
Though our standards are high and our admissions process is very competitive, our ideal
student does not fit a rigid profile. We welcome students from diverse academic, professional
and personal backgrounds, and seek exceptional individuals who have made an impact on
whatever path they have chosen.
We examine all components of your MBA application to gain an understanding about you as a candidate. Our admissions committee
is interested in your potential for academic success at the Tepper School of Business and professional success in the future. We evaluate
your reasons for applying, as we want to be sure that your background and goals are consistent with our strengths for a mutual fit.
We seek students who are highly motivated, tenacious, self-directed and innovative, and who demonstrate personal integrity and a strong
work ethic. Personal competencies such as communication, interpersonal skills, teamwork and leadership qualities are among other
key considerations. Non-native English speakers must be skilled and confident when speaking, listening, reading and writing in English,
to ensure that they can participate fully in our learning environment.
Do you need professional experience? No. We seek diversity in all dimensions and welcome applications from exceptionally talented and
motivated individuals who may not yet have significant experience.
We look forward to meeting you and welcoming you to the Tepper community.
Laurie Stewart
MBA 1987
EXECUTIVE DIRECTOR, MASTERS ADMISSIONS
56
150160
first-year
students
150-160
comprise a decidedly small first-year, entering MBA class size,
ensuring one of the best recruiter and faculty ratios of any
top-tier business school.
PROCESS AND TIMETABLE
A Quantitative Skills Review Program (QSRP) is
their admission applications in an effort to increase
Our admissions committee cannot begin considering
offered to students who have studied calculus but
their chance of gaining admission to a competitive
your application until we have received all of your
would like a review before classes begin. Admission
graduate program, we have made the decision to
application materials. We encourage you to use our
offers may contain provisions that require entering
establish an independent verification of application
online application to avoid any delays in processing.
students to attend pre-MBA programs.
credentials for all of our master’s students. We
Please refer to our Web site and online application
for detailed instructions and requirements.
Our timetable for the fall 2007 entering class is:
Application Submitted
Notification
November 6, 2006
December 22, 2006
January 8, 2007
March 12, 2007
March 19, 2007
April 30, 2007
April 30, 2007*
June 4, 2007
*The April 30 application deadline is reserved for U.S. citizens
and permanent residents as well as FlexTime and FlexMode
applicants.
Our primary means of communicating with all
candidates is via e-mail, so please make sure to
update your online profile if your e-mail address
changes. All admission decisions are released to
candidates using our online application system.
You will be notified by e-mail when your decision
is ready for viewing, and you will need your
login/password to access your admission decision.
believe that this verification process will support
ABOUT INTERVIEWS
During the early part of the admission season
(until December 4), visitors may request an
on-campus interview with a member of our
interview requests as possible, but unfortunately
All application materials become the property of
cannot guarantee every visitor an interview
Carnegie Mellon and are subject to verification. After
appointment. To request an on-campus interview
90 days, we reserve the right to make a decision
before December 4, please fax a copy of the first
using materials we have received. Application fees
two pages of the MBA application and your resume
and enrollment deposits are non-refundable. As our
to 412.268.4209. The fax should also include the
program requirements, curriculum and schedule
date of your visit and your contact information,
are subject to change at any time, please visit
including a current e-mail address.
our Web site at www.tepper.cmu.edu/mba for
After December 4, all admission interviews are
your submitted MBA application. Please note that
interview invitations may be extended at any time
after you submit your application, up until the date
that your admission decision is released. If you
are invited for an interview, you may arrange an
with a member of our admissions staff.
calculus and either statistics, calculus II or linear
algebra before matriculating. Candidates who do
not meet the math requirements may be admitted
with the provision that they complete the
updated information.
granted by invitation only, based on our review of
MBA applicants must hold the equivalent of a
must have completed one semester of college
details about this process.
IMPORTANT INFORMATION
on-campus, off-campus or telephone interview
aptitude for mathematics. Entering MBA students
program. Upon admission, you will receive more
admissions staff. We try to accommodate as many
MBA PREREQUISITES
bachelor’s degree and demonstrate a strong
our efforts to ensure integrity throughout the
VERIFICATION PROCESS
We are committed to ensuring the integrity of our
admissions process and the reputation of our
educational programs. We also want to protect and
enhance the value of the degrees that we confer on
our students. To guard against any allegations that
candidates may have misrepresented themselves in
necessary math courses before joining the program.
57
options, partners and financing.
CONSORTIUM FOR GRADUATE STUDY
IN MANAGEMENT
TEPPER FULL-TIME MBA
TEPPER FLEXTIME MBA
Full-time students seeking financial assistance for
FlexTime students are employed during their
Carnegie Mellon is a member of the Consortium
their education at the business school may be
academic tenure at Carnegie Mellon and some
for Graduate Study in Management (CGSM), an
eligible for both repayable and non-repayable aid.
receive tuition reimbursement from their employers.
alliance of 13 top business schools and corporate
Repayable aid includes Federal Stafford loans
Flex students (including those who are sponsored
partners that are dedicated to enhancing diversity
(subsidized and unsubsidized) and private
or receive tuition benefits) may also be eligible for
by increasing the representation of African
educational loans. Non-repayable aid includes the
Federal Stafford loans (subsidized and unsubsidized)
American, Hispanic American and Native American
MBA Merit Scholarship (partial tuition scholarship)
and private educational loans.
students. Candidates who apply to Carnegie
and our prestigious Dean’s Scholarship (full-tuition
www.tepper.cmu.edu/flextimemba
Mellon through the Consortium can compete for a
scholarship).
TEPPER FLEXMODE MBA
fellowship that will cover tuition and fees for both
years of the full-time MBA program. Candidates
who are interested in being considered for the
Consortium fellowship must complete the
Consortium’s application by January 5, 2007.
For more information on eligibility and to apply,
visit www.cgsm.org.
All admitted full-time candidates (U.S. and
All students in the distance learning FlexMode
International) are reviewed for the MBA Merit
program must be sponsored by one of our partner
Scholarship and Dean’s Scholarship (no separate
companies, with the exception of those attending
applications required). These scholarships are
classes at the Carnegie Mellon West Coast campus.
awarded to candidates exhibiting outstanding
In fall 2006, 15 entering students were awarded
2006 – 07 ESTIMATED TUITION AND
LIVING EXPENSES
FORTÉ FOUNDATION
Dean’s Scholarships, and 12 returning Dean
The Forté Foundation is funded by a consortium of
Scholars were second-year students. Please visit
leading business schools, companies and nonprofit
www.tepper.cmu.edu/faid for an up-to-date
Tuition
groups, and seeks to increase access to leadership
listing of scholarship opportunities – including
Fees
careers, business education and networks for
full-tuition scholarships for French, Spanish and
Housing/Food
$13,500
women. The Tepper School of Business works with
Turkish MBA candidates.
Books/Supplies
$1,325
International students who have lived and worked in
Notebook Computer
$1,900
the United States and have established a favorable
Transportation
$1,400
credit rating of at least 36 months in length may
Health Insurance
Forté to offer scholarships, network development
and mentoring opportunities for women
candidates. Please visit www.fortefoundation.org
to learn more.
be able to secure an educational loan without a
FINANCING YOUR MBA
U.S. co-signer. All other loan programs require a U.S.
Carnegie Mellon provides a variety of financial aid
citizen or permanent resident as a co-signer.
options designed to help make an MBA education
accessible. Our business school financial aid office
works with each of our students to design an aid
package to meet his/her individual needs.
Various external agencies offer financial assistance
to MBA students, such as IIE, the American
Association of University Women, National
Black MBA Association and the Federal Work
Study Program.
58
www.tepper.cmu.edu/flexmodemba
credentials, without regard to financial need.
(First-year, full-time students)
Miscellaneous
TOTAL
$41,900
$390
$960
$1,325
$62,700
Note: These figures represent budget estimates only. Many of
our students live comfortably within smaller budgets. The cost
of living in Pittsburgh is among the lowest in the nation and
is lowest among similar metro areas in the U.S.
Visit the financial aid section of our Web site
for the latest details about financing your
Tepper MBA at www.tepper.cmu.edu/faid.
2006/07
2006/07 academic calendar
Fall 2006: Mini-semester 1 (August 28 – October 21)
August 28
First Day of Classes
September 4
Labor Day (No Classes)
October 16
Last Day of Classes
October 18 – 21
Final Exams
October 23 – 24
Mid-semester Recess (No Classes)
Fall 2006: Mini-semester 2 (October 25 – December 20)
October 25
November 22 – 24
Thanksgiving Recess (No Classes)
December 15
Last Day of Classes
December 16, 18 – 20
Final Exams
December 21 – January 14
Winter Recess (No Classes)
Spring 2007: Mini-semester 3 (January 15 – March 8)
January 15
January 15
Martin Luther King Jr. Day (No Afternoon Classes)
March 2
Last Day of Classes
March 3 – 7
Final Exams
March 12 – 16
Spring Break
Spring 2007: Mini-semester 4 (March 19 – May 9)
March 19
May 4
Last Day of Classes
May 5 and 7 – 9
Final Exams
May 11
Graduation Dinner (Boat Cruise)
May 19
Tepper Graduation Ceremony
Summer 2007: Mini-semester 5 (May 21 – June 30)
May 21
May 28
Memorial Day (No Classes)
June 28
Last Day of Classes
June 29 – 30
Final Exams
July 2 – 4
Independence Day/Mini Break (No Classes)
Summer 2007: Mini-semester 6 (July 5 – August 18)
July 5
August 15
Last Day of Classes
August 17 – 18
Final Exams
59
so long, status quo.
live chats
with current students,
student journal entries and discussion forums.
www.tepper.cmu.edu/teppertalk
Are you ready to make an impact? Have an idea for how
a Tepper MBA can put your talents to work? There’s a lot
to learn, and we’re ready to help you transform your ideas
into action. Check out the resources below for places to
meet us and ways in which you can connect with Tepper
representatives throughout your decision making process:
connections
weekend
visit campus
admissions or financial aid meetings, Pittsburgh
Sit in on
connect
with a student or alum.
a class and meet with students and faculty.
We’re happy to arrange meetings or phone calls
Visits are conducted Mondays through Thursdays
with students and alumni as a way to familiarize
(no Friday classes).
you with the opportunities associated with a
www.tepper.cmu.edu/mbavisit
412.268.2272
Tepper MBA. Pick a topic, an industry or a country.
We’ll have somebody get in touch to answer your
questions.
welcome weekend
April 27–28, 2007, is a great opportunity for
admitted students and partners to immerse
themselves in a weekend that features student,
alumni and faculty panel presentations, career
workshops, one-on-one admissions or financial
aid meetings, Pittsburgh and Carnegie Mellon
tours, and networking and social events.
[email protected]
monthly
e-newsletters
Receive
that highlight
October 6–8, 2006, is a
weekend planned for African American, Hispanic
American and Native American students designed
to share the highlights of the Tepper community.
Activities include student, alumni and faculty
panel presentations, career workshops, one-on-one
and Carnegie Mellon tours, and networking and
social events.
Learn more about
Pittsburgh
as a place to live, work or play.
www.visitpa.com
www.pittsburgh.net
www.pittsburgh-cvb.org
www.pciv.org
www.globalpittsburgh.org
Other questions? No problem. We have students,
Tepper events, news and updates. Join our monthly
alumni and professors who are happy to speak
mailing list.
with you regarding interests in different career
www.tepper.cmu.edu/mbabrochure
paths or areas of study. You can also connect
with our female, minority and international
Tepper spouses and partners are also happy to
October 5–6, 2006, is an event planned for
discussion boards at Tepper Talk
women to explore the value of the MBA, along
www.tepper.cmu.edu/teppertalk or
America, Europe, India, Asia and elsewhere. Find
with tips and insights into the admissions process
contact us to arrange a meeting or a phone call at
out when we’ll be in your city – we would love
and networking.
to meet you.
www.tepper.cmu.edu/womenevent
[email protected]
or 412.268.2272.
representatives attend more than 100 off-campus
admissions
events
in North America, South
60
communities.
women and the
MBA workshop
Meet us in your city. Tepper admissions
www.tepper.cmu.edu/mbaevents
student
answer questions. Feel free to visit the threaded
3
3
MBA
Wall Street Journal
#
Ranking based on 186
business schools worldwide.
*Ranking current as of September 2006

FULL-TIME MB A - Carnegie Mellon University

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