Carnegie Mellon University Tepper School of Business Master of Science in Management (MSM)

The Carnegie Mellon University Tepper School of Business Master of Science in Management (MSM) program is a nine-month, STEM designated program located at the Carnegie Mellon campus in Pittsburgh PA. The program allows recent college graduates to learn business fundamentals in order to prepare for a data driven business career. The program also offers five areas of specialization in Entrepreneurship, Finance, Marketing, Operations or Strategy.

The two semester Tepper MSM program offers a flexible curriculum that allows students to both learn business fundamentals as well as specialize in one of five areas: Entrepreneurship, Finance, Marketing, Operations or Strategy.

The MSM program is split into four quarters called Mini Semesters. Students take four classes in each Mini Semester. The first mini semester includes four required core classes (Managerial Economics, Finance, Probability and Statistics, and Accounting) as well as an Experiential Learning project. The second mini semester included three required core courses (Operations Management, Marketing Management, and Presentations), an elective course and another Experiential Learning project. The final two mini semesters include two required courses (Optimization and Managerial Economics) and seven elective courses.

In order to complete one of the five specializations offered, MSM students need to complete five elective courses in the area of specialization. Three of the five are required and the other two are chosen by the student. For example, if a student wants to specialize in Operations, the student needs to complete ‘Six Sigma’, “Operations Strategy” and “Service Management” courses as well as two elective courses.

The Tepper MSM program Class of 2026 has 37 students enrolled, of which 73% are international students. On average these students have 6 months of work experience and have a 3.33 college gpa. Their most common undergraduate majors are engineering, business and economics.

The Tepper MSM offers career guidance and interview preparation via the Tepper Masters Career Center (MCC).  Students can also hone their leadership skills by working with an Executive Coach in Tepper’s Accelerate Leadership Center.

Students receive personal coaching from the MCC staff, helping students to clarify their career goals and explore career paths. The MCC provides students with effective job search techniques, job specific coaching as well as access to the Tepper alumni network.

For the 2025-26 academic year, the Tepper MSM program tuition is $68,805 ($695/unit * 99 credit units). This does not include other fees and living expenses which are estimated at about $34,000 for the entire program.

Regarding financial aid, all MSM applicants are evaluated for merit-based scholarships and all applicants are eligible for private student loans. To be eligible for federal financial aid programs, US applicants must submit a FAFSA. There are additional financial aid options for U.S. Veterans, including the Yellow Ribbon program as well as the U.S. Department of Defense SMART Scholarship for Service program.

To apply to the Tepper MSM Program, applicants need to submit the following materials:

• Online Application Form
• Current resume
• One written essay and one video essay
• One professional recommendation letter
• Unofficial transcripts of all academic work
• Official GMAT, GRE or EA score, or approved test waiver
• Official TOEFL, IELTS or Duolingo score (if applicable)
• $125 application fee
• Interview (by invitation only)

The Tepper MSM Program Application Deadlines are as follows:

Round 1: October 14, 2025

Round 2:  January 15, 2026

Round 3: March 4, 2026 (final round for international applicants)

Round 4:  May 12, 2026