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Overview

Campus: Pittsburgh, PA

Type: Private

Accreditation: MSCHE (university), AACSB (business school)

Base Program Cost: $118,080 (based on eight “mini” semesters at $14,760 per semester)

Per Credit Hour: $615 (fixed for the length of the program)

Minimum Credit Hours: N/A

GMAT Required: Yes (or GRE)

Minimum Time Commitment: 32 months

Online Concentrations: Entrepreneurship, Finance, Marketing, and Operations Management

On Campus Requirements: No

School Site: Online MBA Overview | Tuition | Financial Aid

Introduction

Carnegie Mellon University (then known as Carnegie Technical Schools) was founded in Pittsburgh, Pennsylvania by famed industrialist Andrew Carnegie in 1900. The university itself has since grown to become one of the largest and most prestigious private universities in the United States, with seven colleges and independent schools. The Tepper School of Business, founded in 1949, is located on the main Carnegie Mellon campus in Pittsburgh and currently offers several MBA program options for incoming students.

Since 1996, Carnegie Mellon has been a leader in providing students with outstanding distance learning opportunities. The FlexMBA program, offered by the Carnegie Mellon Tepper School of Business, continues the university’s commitment to quality and flexibility by allowing students to earn their MBA online. The Tepper School of Business also hosts Access Weekends, which are held every two months at Carnegie Mellon locations throughout the U.S. These events give students the opportunity to meet and network with other students enrolled in an MBA program at the university.

Accreditation

Carnegie Mellon University has been accredited since 1921 by the Middle States Commission on Higher Education (MSCHE). This commission, which belongs to the Middle States Association of Colleges and Schools (MSA), is recognized by the U.S. Secretary of State as an organization that accredits universities in several states along the Mid-Atlantic coast. All MBA programs offered by the Tepper School of Business at Carnegie Mellon University are currently accredited (as of 2009) by the Association to Advance Collegiate Schools of Business (AACSB), which was founded in 1916 as an accrediting organization for business schools.

Academics

Carnegie Mellon University offers the following MBA options:

  • Master of Business Administration (MBA): Specializing in Entrepreneurship
  • Master of Business Administration (MBA): Specializing in Finance
  • Master of Business Administration (MBA): Specializing in Marketing
  • Master of Business Administration (MBA): Specializing in Operations Management

Each MBA specialization comes with its own unique selection of specialized courses, as well as core courses that are taken by candidates across all MBA specializations. These core business courses include Managerial Economics, Statistical Decision Making, Global Economics, and Strategy. In addition, students should also select a number of elective courses to cover their chosen specialization, breadth requirements, and/or to pursue other academic interests.

Student Life

Carnegie Mellon University’s FlexMBA program through the Tepper School of Business is a fully-featured online MBA program that students can complete through distance learning or through a combination of on-campus and off-campus learning. The FlexMBA program offers several technological solutions to aid students in achieving the best possible learning outcome. These solutions include live real-time video conferencing as part of its synchronous course offerings (once per week). The program also provides several tools to help students achieve their learning objectives asynchronously. For example, students enrolled in the FlexMBA program will have 24/7 access to video and audio transcripts, course materials, notes, message boards, virtual study spaces, and more. The school’s bi-monthly Access Weekend event gives students the opportunity to meet and network with other enrolled MBA students at any one of Carnegie Mellon’s main and satellite campus locations throughout the U.S.

Admission

If you want to apply for an MBA program at Carnegie Mellon University, you must be able to provide the following items:

  • A completed online application from the school
  • An application fee of $125
  • Unofficial transcripts from all undergraduate and graduate schools attended (official transcripts will be collected after a student is admitted to the program)
  • GMAT or GRE test results
  • Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS)
  • Two letters of recommendation
  • A current resume
  • Four required essays, as well as an optional fifth essay
  • Employment history

While the Tepper School of Business does not have minimum GPA or test score requirements, these factors can make or break a student’s chance of acceptance. The school does state that 80% of accepted students to the part-time on-campus MBA program earned a GMAT score within the range of 580-704.

Tuition and Financial Aid

Below is a breakdown of fees and tuition charges for the FlexMBA program at the Carnegie Mellon Tepper School of Business. These figures are based on 2013-2014 rates.

  • Year One: $44,280
  • Year Two: $44,280
  • Year Three: $29,520

These charges include tuition, course materials, as well as meals and accommodations at Access Weekend events (not including travel expenses).

Financial aid is offered through Federal, State, University and Business School sources. Awards are based on merit as well as financial need. In most cases, financial aid is awarded to citizens and permanent residents of the United States. In order to be considered for need-based awards from the federal government, students should ensure they complete the Free Application for Federal Student Aid (FAFSA) by the appropriate deadline.

Why Carnegie Mellon University?

Carnegie Mellon’s Tepper School of Business is accredited by AACSB International, the highest standard of business school accreditation worldwide. In addition, the Tepper School of Business was ranked #7 in the nation by U.S. News and World Report in 2012 for its part-time MBA program.

Carnegie Mellon University is a great choice for students throughout the world who wish to enroll in a top distance learning MBA program. Since 1996, the Tepper School’s distance learning programs has helped to pioneer how MBA degrees are offered online. Employees from major corporations such as Goldman Sachs, Lockheed Martin, and United Technologies have earned their MBA degrees via these programs at Carnegie Mellon University. FlexMBA, which is the Tepper Business School’s next-generation online distance learning program, has since expanded the business school’s distance learning availability, as well as the flexibility to offers to students from all over the country.


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