2019 Tepper School Employment Report Summary

2 0 2 0 – 2 1 Full-Time MBA ClassProfile

REPRESENTED AMONG OUR STUDENT BODY

2832

33% WOMEN

28% WOMEN

35% INTERNATIONAL CITIZENS

34% INTERNATIONAL CITIZENS

2 0 2 0

2 0 2 0

2 0 2 1

2 0 2 1

2 0 2 0 2 0 2 1

TOTAL STUDENTS

FULL-TIME WORK EXPERIENCE

200236

GMAT 687AVERAGE

GMAT 690AVERAGE

GPA 3.3AVERAGE

GPA 3.4AVERAGE

39%

27%

12%

10%

6%

5%1%

Business

Economics

Engineering

Humanities/Social Sciences

Information Systems/Computer Science

Mathematics/Physical Science

Other

2 0 2 0 UNDERGRADUATE

MAJORS

2 0 2 0 2 0 2 1

5.3MEDIAN YEARS

5.1MEDIAN YEARS

2 0 2 0 2 0 2 1

2 0 2 1 UNDERGRADUATE

MAJORS

34%

23%14%

10%

8%

5%

6%

Letter from the Executive Director

It’s been an extraordinary year at the Tepper School of Business as we’ve settled into our new world-class facilities within the David A. Tepper Quadrangle. The Tepper Quad has quickly become a center of activity on campus, placing the Tepper School of Business at the juncture of interdisciplinary innovation, creativity, and entrepreneurship at Carnegie Mellon. Additionally, the strength of the job market has supported record-setting starting compensation and diversified employment outcomes for our students.

This year, we’re pleased to note that nearly a third of our full-time MBA graduates accepted positions in the consulting industry, and the exact same number of students accepted positions in the technology industry. The remaining industry sectors of note include financial services, biopharma/health care, manufacturing, consumer products, energy, and others.

As our students begin new and exciting careers across so many industries, we remain committed to ensuring that organizations worldwide recognize the distinction and potential of Tepper School graduates. Beginning with the Class of 2020, the Tepper MBA program is STEM designated, making our current international students in need of sponsorship eligible for a 24-month extension to their post-completion Optional Practical Training, providing up to 36 months (instead of only 12 months) of temporary employment in the U.S.

As our students strive to achieve their academic and professional goals, they also appreciate our personalized approach to career development and recruiting. The Masters Career Center (MCC) team conducted 4,000 advising appointments with students last year, hosted more than 2,000 on-campus interviews, and supported more than a dozen career treks to connect our students with alumni and recruiters across industries and geographies.

Our personalized approach to service extends to our recruiting partners. As a valued partner, the MCC team remains committed to providing you with a world-class recruiting experience that meets your unique needs and objectives. We also value the opportunity to engage with new recruiters and are eager to discuss how we can help you plan a successful recruiting strategy at the Tepper School.

The MCC Team and I hope you will enjoy reviewing our 2019 Employment Report as well as our website at tepper.cmu.edu/recruit@tepper. We look forward to partnering with you!

Sincerely,

Stephen Rakas, Executive Director Masters Career CenterTepper School of BusinessCarnegie Mellon University

2019 Tepper School Employment Report Summary

28.30% 10.20% 28.30%

% ACCEPTED MEAN MEDIANFUNCTION

CONSULTINGInternalManagement/Strategy

FINANCEAccountingAnalyticsAsset ManagementCorporate (Analysis/Treasury)Investment BankingOtherResearchStructured Products

GENERAL MANAGEMENTGeneral/LDPsProject ManagementStrategic Planning/Bus. Development

IS/IT: MANAGEMENT ManagementProgramming/Software Development

MARKETINGBrand (B2C)Product/Industrial (B2B)Research/AnalyticsSales

POMOperations ManagementSupply Chain Management/Logistics Production Management

OTHER

HUMAN RESOURCES

32.10%3.20%28.90%

18.70%0.50%1.60%1.60%8.00%3.70%1.60%0.50%1.10%

16.60%8.00%2.70%5.90%

1.60%1.10%0.50%

19.30%3.70%10.20%2.70%2.70%

8.60%5.90%1.60%1.10%

1.60%

1.60%

$140,094$109,667$143,605

$108,626N/AN/AN/A$115,857$109,857N/AN/AN/A

$113,639$123,693$85,000$112,946

N/AN/AN/A

$121,882$118,286$128,177$114,700$112,700

$126,033$130,100N/AN/A

N/A

N/A

$145,000$119,000$145,500

$115,000N/AN/AN/A$117,500$125,000N/AN/AN/A

$120,000$130,000$90,000$125,000

N/AN/AN/A

$125,000$120,000$130,000$120,000$112,500

$125,000$127,500N/AN/A

N/A

N/A

% ACCEPTEDREGION MEAN MEDIAN

Mid-AtlanticMidwestNortheastSouthSouthwestWest

AsiaEuropeLatin America and the CaribbeanOceania

16.00%10.20%28.30%3.70%5.30%28.30%

5.90%0.50%1.10%0.50%

$110,516$135,311$134,220$110,393$117,250$128,224

$96,600N/AN/AN/A

$105,000$140,000$140,000$120,000$119,000$130,000

$105,000N/AN/AN/A

Compensation by Function

Compensation by Region16.00%

3.70%

5.90%

32.10%CONSULTING

18.70%FINANCE

16.60%GENERAL MANAGEMENT

1.60%IS/IT: MANAGEMENT

19.30%MARKETING

8.60%POM

1.60%OTHER

5.30%

INTERNATIONAL

2019Full-TimeMBA Graduates

1.10%

0.50% 0.50%

1.60%HUMAN RESOURCES

BIOTECHNOLOGY/ HEALTH/ PHARMACEUTICALBiotechnologyMedical Products/DevicesMedical ServicesPharmaceuticals

CONSULTINGManagement/StrategyTechnology

CONSUMER PRODUCTS

FINANCIAL SERVICES Asset ManagementCommercial BankCredit Reporting/AnalyticsInvestment Bank OtherPrivate Equity/Venture Capital

MANUFACTURINGAerospaceAutomotiveChemicalsOther

MEDIA/ENTERTAINMENT

OTHER

ENERGY/PETROLEUM/UTILITIES

GOVERNMENT/NOT-FOR-PROFIT

TECHNOLOGYElectronicsHardwareInternet/eBusinessOtherSoftwareTelecommunications

7.00%0.50%1.10%3.20% 2.10%

30.50%27.30%3.20%

3.20%

10.20%0.50%3.20%0.50%3.20%1.60%1.10%

8.60%2.70%2.10%1.10%2.70%

0.50%

5.90%

2.10%

1.60%

30.50%

0.50%3.70%14.40%1.60%8.60%1.60%

$110,615N/AN/A $107,167$113,750

$140,844$143,907$115,833

$107,000

$112,333N/A$121,200N/A$112,333N/AN/A

$114,838$123,400$106,350N/A$109,000

N/A

$109,082

$107,567

N/A

$125,630

N/A$127,571$125,077N/A$127,400N/A

$110,000N/AN/A$105,000$112,500

$145,000$150,000$125,000

$109,000

$120,000N/A$135,000N/A$125,000N/AN/A

$112,700$125,000$105,200N/A$110,000

N/A

$120,000

$118,000

N/A

$130,000

N/A$125,000$130,000N/A$128,000N/A

% ACCEPTEDINDUSTRY MEAN MEDIAN

Compensation by Industry7.00% BIOTECH/HEALTH/PHARMACEUTICAL

30.50% CONSULTING

3.20% CONSUMER PRODUCTS

8.60% MANUFACTURING

10.20% FINANCIAL SERVICES

0.50% MEDIA/ENTERTAINMENT

5.90% OTHER

30.50% TECHNOLOGY

2.10% ENERGY/PETROLEUM/UTILITIES

1.60% GOVERNMENT/NOT-FOR-PROFIT

2019 Tepper School Employment Report Summarytepper.cmu.edu/recruit@tepper

% ACCEPTED MEAN MEDIANFUNCTION

CONSULTINGInternalManagement/Strategy

FINANCEAnalyticsAsset ManagementCorporate (Analysis/Treasury)Investment Banking ModelingOtherResearchRisk ManagementSales/Trading

GENERAL MANAGEMENTGeneral/LDPsProject ManagementStrategic Planning/Bus. Development

IS/ITManagement Programming/Software Development

MARKETINGBrand (B2C)Product/Industrial (B2B)Research/AnalyticsSales

POMOperations Management Production ManagementPurchasingSupply Chain Management/Logistics

OTHER Human ResourcesOther

27.20%7.90%19.30%

20.60%0.90%2.60%7.50%5.30%0.00%4.40%0.00%0.00%0.00%

17.50%4.80%0.90%11.80%

5.30%3.90%1.30%

20.60%3.50%13.20%3.10%0.90%

8.80%3.90%0.90%0.40%3.50%

0.00%0.00%0.00%

$10,379$6,764$11,854

$7,771N/A$4,561$7,314$11,265N/A$6,738N/AN/AN/A

$6,905$8,322N/A$6,084

$8,407$7,664N/A

$7,702$7,160$7,689$8,175N/A

$6,993$6,698N/AN/A$7,591

N/AN/AN/A

$12,500$7,500$12,500

$7,580N/A$4,333$7,615$12,500N/A$6,925N/AN/AN/A

$7,442$8,667N/A$6,250

$8,000$7,994N/A

$7,569$6,977$8,000$7,000N/A

$6,967$6,933N/AN/A$7,750

N/AN/AN/A

% ACCEPTEDREGION MEAN MEDIAN

Mid-AtlanticMidwestNortheastSouthSouthwestWest

Asia CanadaLatin America and the CaribbeanEuropeOceania

13.60%14.90%21.50%4.40%6.60%32.50%

3.90%0.40%2.20%0.00% 0.00%

$6,634$9,504$9,326$7,777$7,724$8,504

$5,217N/A$4,951N/A N/A

$6,170$8,000$8,667$7,685$6,933$8,667

$4,400 N/A$6,070N/A N/A

Monthly Compensation by Function

Monthly Compensation by Region

32.50% 14.90% 21.50%

13.60%

4.40%6.60%

27.20%CONSULTING

20.60%FINANCE

17.50%GENERAL MANAGEMENT

5.30%IS/IT: MANAGEMENT

20.60%MARKETING

8.80%POM

INTERNATIONAL

2019Full-TimeMBA Summer Interns

3.90%2.20%

0.40%

BIOTECHNOLOGY/ HEALTH/ PHARMACEUTICALBiotechnologyMedical Products/DevicesMedical ServicesPharmaceuticals

CONSULTINGManagement/StrategyTechnology

CONSUMER PRODUCTS

ENERGY/ PETROLEUM/ UTILITIES

FINANCIAL SERVICES Asset ManagementCommercial BankCredit Reporting/Analytics Diversified ServicesInsuranceInvestment BankOtherPrivate Equity/Venture Capital

GOVERNMENT/ NOT-FOR-PROFIT Government Not-for-profit

MANUFACTURINGAerospaceAutomotiveChemicalsOther

MEDIA/ENTERTAINMENTEntertainmentSportsMedia

OTHEROther Real EstateRetail/MerchandisingTransportation Services

TECHNOLOGYElectronicsHardwareInternet/eBusinessOtherSoftwareTelecommunications

10.50%3.50%1.80%1.80%3.50%

21.90%20.60%1.30%

2.60%

3.10%

10.50%1.80%0.00%0.00%0.40%1.80%4.40%0.40%1.80%

0.45%0.45%0.00%

5.30%0.40%0.40%3.90%0.40%

1.30%1.30%0.00%0.00%

5.70%1.80%0.00%3.50%0.40%

38.60%3.10%3.90%15.40%3.50%11.40%1.30%

$7,172$7,736$6,986$4,074$8,249

$11,518$11,803$7,012

$7,067

$5,156

$8,175$6,716N/AN/AN/A$7,891$12,269N/A$2,542

N/AN/AN/A

$6,923N/AN/AN/A$7,114

N/AN/AN/AN/A

$7,351N/AN/A$7,199N/A

$7,475$7,185$7,034$7,949$6,020$7,521N/A

$7,500$7,500$6,933$4,203$8,303

$12,500$12,500$5,600

$6,977

$4,680

$8,667$7,800N/AN/AN/A$8,333$12,500N/A$2,667

N/AN/AN/A

$7,217N/AN/AN/A$7,500

N/AN/AN/AN/A

$7,000N/AN/A$7,000N/A

$7,994$6,400$6,250$8,329$6,413$8,254N/A

% ACCEPTEDINDUSTRY MEAN MEDIAN

Monthly Compensation by Industry

10.50% BIOTECH/HEALTH/PHARMACEUTICAL

21.90% CONSULTING

0.45% GOVERNMENT/NOT-FOR-PROFIT

2.60% CONSUMER PRODUCTS

5.30% MANUFACTURING

3.10% ENERGY/PETROLEUM/UTILITIES

10.50% FINANCIAL SERVICES

1.30% MEDIA/ENTERTAINMENT

5.70% OTHER

38.60% TECHNOLOGY

tepper.cmu.edu/recruit@tepper

2019 Tepper School Employment Report Summary

The Tepper School of Business MBA program is a STEM-designated program, a reflection of the quality and rigor of the MBA program and the emphasis throughout the curriculum on analytics and data-driven decision-making.

#7STUDENT ASSESSMENT

OF CAREER SERVICESTHE ECONOMIST, 2019

2,010ANNUAL ON-CAMPUS INTERVIEWS HOSTED

BY MCC

#11ALUMNI ASSESSMENT OF CAREER SERVICESFINANCIAL TIMES, 2018

4,000ANNUAL ONE-ON-ONE

MCC CAREER COACHING MEETINGS

Tepper MBAs have advanced exposure to both leadership and analytics — providing a high-performance career advantage.The coursework for the Full-Time, Part-Time Online Hybrid, and Part-Time Flex MBA begins with an emphasis on the core base of management skills and business drivers. Unlike many MBA programs, the Tepper School sequences core and elective coursework in order to ensure students have deep understanding and preparation.

In the first year (full-time) and first half of the program (part-time), the MBA curriculum concentrates on those engines that influence business results. In year two and the second half of the program, students transition into classes, project courses, and team-based capstones that elevate practical application. Students are given an impressive range of electives and leadership options that accelerate learning and career opportunities.

CONCENTRATIONS

Choosing from approximately 10 concentrations, most students identify three to five concentrations. These courses build upon the preparation from core coursework as well as the summer internship experience.

MBA TRACKS

MBA tracks — which represent a configuration of specific electives within the business school and/or across the Carnegie Mellon campus — provide an opportunity for in-depth study in a particular field or career path.

MBA CAPSTONE COURSES

Capstones often reflect immersive, experiential coursework in which students and professors work alongside corporations and recruiters on real-world consulting assignments.

GLOBAL STUDY

The small size and international focus of our program makes global study an appealing option. The two primary capstone treks include the European Study Abroad — eight weeks in Germany, partnering with the WHU Otto Beisheim School of Management in Koblenz — and the Asia Study Abroad — eight weeks at The Chinese University of Hong Kong’s Business School.

In addition, student clubs organize non-credit student treks during spring break; in recent years, these treks have included travel to Latin America, China, Japan, Dubai and Qatar (with visits to the Carnegie Mellon campus in Doha), and Israel.$126,250

MEDIAN BASE SALARY OF 2019 GRADS

2019 Tepper School Employment Report Summarytepper.cmu.edu/recruit@tepper

Tepper School of Business Masters Career Center 4765 Forbes Avenue Pittsburgh, PA 15213Phone: 412-268-2278 Fax: 412-268-4146 tepper.cmu.edu/recruit@tepperLynn Urso

Assistant Director, Recruiting 412-268-1311lurso@andrew.cmu.edu

Not pictured

Lesley Kromer, Ph.D.Director412-268-5082lkromer@andrew.cmu.edu

Kimberly C. ParkerRecruiting Coordinator412-268-5783kparker@andrew.cmu.edu

Jacqueline GoslinDirector412-268-6910jgoslin@andrew.cmu.edu

Kathryn RileyDirector412-268-6907 kriley@andrew.cmu.edu

Yvonne PoindexterFront Desk Coordinator412-268-2278yvonnep@andrew.cmu.edu

Stephen Rakas Executive Director412-268-2277 srakas@andrew.cmu.edu

Jamie MoyesAssociate Director412-268-6224jmoyes@andrew.cmu.edu

Masters Career Center Contacts

Jack VogelDirector412-268-2616jackv@andrew.cmu.edu

Sophia TambouratzisDirector412-268-9891sophiat@andrew.cmu.edu

Sally GouldAssistant Director, Operations 412-268-5026sgould@andrew.cmu.edu

Katie ThomasAssociate Director412-268-3298katietho@andrew.cmu.edu

Katie ByersRecruiting Events Coordinator412-268-5044kbyers@andrew.cmu.edu

Instant access to Tepper School career data is available through our ready-reference website.

tepper.cmu.edu/recruit@tepperTO SCHEDULE A RECRUITING VISIT, PLEASE CONTACT

Lynn UrsoAssistant Director, Recruiting 412-268-1311 lurso@andrew.cmu.edu

STATEMENT OF ASSURANCECarnegie Mellon University does not discriminate in admission, employment, or administration of its programs or activities on the basis of race, color, national origin, sex, handicap or disability, age, sexual orientation, gender identity, religion, creed, ancestry, belief, veteran status, or genetic information. Furthermore, Carnegie Mellon University does not discriminate and is required not to discriminate in violation of federal, state, or local laws or executive orders.

Inquiries concerning the application of and compliance with this statement should be directed to the university ombudsman, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213, telephone 412-268-1018.

Obtain general information about Carnegie Mellon University by calling 412-268-2000.

ON THE COVER: Wei Dai, MBA ‘19, Gabriel Isaacson, MBA ‘19, Victoria Lopez, MBA ‘19, Crystal Sanchez, MBA ‘19

Masters Career Center4765 Forbes AvenuePittsburgh, PA 15213

p: 412-268-2278f: 412-268-4146

tepper.cmu.edu/recruit@tepper

William Larimer Mellon, Founder

2 0 1 9 E M P L O Y M E N T R E P O R T S U M M A R Y