Tepper MBA: acceptance rate, tuition, GMAT and salary (2026)
Tepper School of Business, Carnegie Mellon University · Pittsburgh, Pennsylvania · Data checked Nov 3, 2026 · Sources
Tepper School of Business at Carnegie Mellon University in Pittsburgh, Pennsylvania ranks #17 in our composite of the four major MBA rankings. The Class of 2027 full-time class has 144 students, with a median GMAT of 710. Tuition is $84,186 per year (2026-27 academic year: $42,093 per semester x 2 semesters (CMU Student Financial Services)), within a published annual budget of $120,798. Graduates in the Class of 2025 employment report earned a median base salary of $160,000, and 83% had offers within three months of graduation.
- Class of 2025: consulting and technology were the top destinations, together 60% of graduates
- 73% of full-time accepted offers in 2025 came from school-facilitated sources
- Reports GMAT 10th Edition, GMAT Focus, GRE and Executive Assessment score profiles for the Class of 2027
Admissions and class profile
| Class year | Class of 2027 |
|---|---|
| Applications | — |
| Class size | 144 |
| Acceptance rate | — |
| Median GMAT | 710 |
| Average GMAT | 707 |
| GMAT middle 80% | 700–740 |
| GRE (verbal / quant) | 159 / 163 |
| Undergraduate GPA | 3.33 |
| Work experience | 5.2 years |
| Average age | 29 |
| Women | — |
| International students | 38% |
Tuition and cost of attendance
| Tuition per year | $84,186 |
|---|---|
| Basis | 2026-27 academic year: $42,093 per semester x 2 semesters (CMU Student Financial Services) |
| Published cost of attendance per year | $120,798 |
| Program length | — |
| Formats offered | full-time |
Model the ROI with these numbers
See the guides on what an MBA really costs and scholarships and fellowships.
Employment outcomes
| Employment report | Class of 2025 |
|---|---|
| Median base salary | $160,000 |
| Mean base salary | $154,846 |
| Median signing bonus | — |
| With offers 3 months after graduation | 83% |
Where graduates go
| Industry | Share of class |
|---|---|
| Consulting | 36% |
| Technology | 25% |
| Financial Services | 10% |
Frequently listed employers: Boston Consulting Group, Deloitte, McKinsey & Company, PricewaterhouseCoopers, Amazon.
Application deadlines
| Round | Deadline |
|---|---|
| Round 1 | Sep 30, 2026 |
| Round 2 | Jan 8, 2027 |
| Round 3 | Mar 3, 2027 |
| Round 4 | May 5, 2027 |
| Round 4 Final | Jun 15, 2027 |
Dates are for the application cycle currently open and are checked against the school's page on the date shown above. Confirm on the school's site before relying on them. See the application timeline guide for how the rounds differ.
Where Tepper ranks
| Ranking | Edition | Position |
|---|---|---|
| Composite (this site) | Average of the four lists below | #17 |
| U.S. News | 2026 Best Business Schools (Full-Time MBA) | #16 |
| Financial Times | Global MBA Ranking 2026 | #41 |
| Bloomberg Businessweek | Best Business Schools 2025-26 (US) | #15 |
| QS | QS Global MBA Rankings 2027 | — |
Positions are cited from each publisher's latest edition; see the methodology. A dash means the school was not listed in that edition.
Other top MBA programs in Pennsylvania
- The Wharton School (#2 composite)
Frequently asked questions
What is the acceptance rate at Tepper?
Tepper does not publish an admit count, so an exact acceptance rate is not available. Use the class size and test-score range on this page to judge selectivity.
What GMAT score do you need for Tepper?
The median GMAT for the Class of 2027 class was 710, with the middle 80% of the class between 700 and 740. There is no published minimum, and the school accepts the GRE as well.
How much does the Tepper MBA cost?
Tuition is $84,186 per year (2026-27 academic year: $42,093 per semester x 2 semesters (CMU Student Financial Services)), and the school's full annual cost-of-attendance budget, including fees and living expenses, is about $120,798. Over a two-year program, budget for two years of these costs plus the salary you give up.
What is the average salary after a Tepper MBA?
The Class of 2025 employment report shows a median base salary of $160,000, with 83% of job seekers holding offers three months after graduation.
Sources
Official pages from Tepper School of Business; each figure above was read from the page listed on the date shown.
- https://www.cmu.edu/tepper/programs/mba/admissions/ft-class-profile (accessed Nov 3, 2026)
- https://www.cmu.edu/sfs/tuition/graduate/tepper/full-accel-mba.html (accessed Nov 3, 2026)
- https://www.cmu.edu/sites/default/files/cmu-tepper-site-files/documents/2025%20MCC%20MBA%20Employment%20Summary%20Report_Web.pdf (accessed Nov 3, 2026)
- https://www.cmu.edu/tepper/programs/mba/careers/compensation-highlights (accessed Nov 3, 2026)
- https://www.cmu.edu/tepper/programs/mba/careers/employment-report.html (accessed Nov 3, 2026)
- https://www.cmu.edu/tepper/programs/mba/admissions/apply-full-time-mba (accessed Nov 3, 2026)
- https://www.cmu.edu/tepper/
Data notes: Class profile page shows Class of 2027 (144 students); no Class of 2028 profile was found. Applications, acceptance rate and women % are not listed on the class profile page, so null. GMAT figures are 10th Edition (avg 707, median 710, middle 80% listed as 700-740 exactly as published); GMAT Focus also reported (avg 659, median 655, middle 80% 595-715). GRE medians: verbal 159, quant 164 (averages 159 / 163 used). Average signing bonus is $38,610 (median not published, so median_signing_bonus null). employed_3mo_pct is 83% receiving offers by 3 months (89% by 6 months) per the compensation highlights page. Industry percentages are share of graduates accepting employment in the summary PDF (Consulting 35.7, Technology 25.1, Financial Services 9.9). Top employers are from the careers page 'top recruiters by function' list, not a ranked count. The Round 2 deposit date on the deadlines page is printed as 2026 (likely a typo) and was not used. founded and program_length_months left null: not read from an official page (CMU SFS lists 4 semesters/2 years but not verified as months).