CMU/Tepper MBA Reputation in Finance

Hi All,
Just wanted to gauge how Tepper MBAs are viewed in the Finance arena **(IB, VC, PE, HF, AM mainly but also RE and ER) **versus other Top 20 MBA programs. Tepper is great for Ops & Tech and has been making headway in recent years at McKinsey and BCG. It is also seen as a very quantitative program, similar to Booth. Regardless, Tepper's MBA program typically doesn't send that many people to areas like VC and PE since there aren't many candidates with a banking background. I am curious as to how employers in the Finance realm are viewing Tepper MBAs and how they are comparing them to other programs.

Thank You,

TP

 

Tepper has made a lot of great changes in the past few years, a new building, new dean, on point marketing campaign (leaders and analytics or something), tight happy class, etc..etc...All in all, Tepper's b-school improvements have been very impressive! That being said, it's strength is in tech more than finance. Which makes perfect sense given the CMU parent.

Within finance / consulting (non-tech) I'm not sure if Tepper has any strategic advantages or even wants to dominate those fields.

First of all, it's just not right to look at Tepper for VC/PE/HF/AM placement. Those roles are extremely difficult outside the MBA business schools">M7, even in the MBA business schools">M7 those jobs are very tough to get.

CMU does have a great Financial Engineering program, but Tepper really has no strategic advantage compared to T10-T20 finance peers such as NYU/Cornell for finance. It's far away and the parent Uni doesn't have a huge wall street presence outside quant roles. A similar argument can be said w/ non-tech consulting, how will Tepper join the ranks of Darden, Tuck in being a top T10-T15 consulting program?

Tepper is a great b-school with a solid parent. If you want tech, Tepper should be high on your list. I'm just not sure its the place to do banking or consulting.

 

I agree, it's strength does make sense given the parent.

Also agree with your point on consulting. I think the "quant" reputation of Tepper doesn't correlate to success in consulting. That being said, it does have representation in most of the top consulting companies in Pittsburgh (Tier 1 & Tier 2). However, Pittsburgh isn't necessarily a "target city" for most people like Chicago, Boston or NYC.

That makes sense regarding placement & wall street presence - I had a feeling that was the case when looking at the program initially. I have been told people who like structure won't like consulting so that has been off my radar.

For the sake of full transparency, I am a current Tepper MBA and wanted to get an external opinion on the matter.

 
Most Helpful

I have been told that a combination of Finance, Ops and Strategy would give me the most flexibility so those are the main three.

That being said, I am getting concentrations in other areas as well. My undergrad was Accounting and Finance so I wanted to devote more credits to Marketing, Ops, and "soft skill" classes this time around.

The experience has been great! I am in the Online Hybrid program and absolutely love it. We still have access to Treks, Clubs, OCR, Career Services, corporate presentations, etc.

Tepper does a great job of making the MBA experience consistent across programs (FT, PT, OH) allowing people to switch programs.

The culture at Tepper is very collaborative and everyone is willing to help - good vibes all around to be honest.

Program leadership has been transparent (unlike Wharton) and implements changes to the program that students recommend.

 

Est ducimus cupiditate est nisi impedit dolor accusantium. Dolorem et nostrum et voluptatibus eaque. Aperiam provident ipsam non perferendis. Et aut est fugiat facilis non.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (89) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”