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Scholarships & Fellowships

Through the generosity of alumni, friends, corporations and foundations, the Tepper School of Business offers numerous scholarships and fellowships to full-time MBA candidates who exhibit a high degree of potential for success in the program and in their careers. The criteria for each award differ, but generally, recipients are selected based on superior academic performance, as well as their personal and professional background.

In many cases, these scholarships and fellowships have been established by distinguished individuals who are recognized leaders in their fields. For such awards, in addition to the prestige that comes with being an honoree, recipients may also have the opportunity to build relationships with these donors. The scholarships and fellowships which are highlighted below are just a few examples of the many award opportunities that are available at the Tepper School. Unless otherwise indicated, awards are open to both US and international students.

Please view the list below for scholarship information.

The Booz & Company Scholars Fund in Business

The Booz & Company Scholars Fund in Business provides partial-tuition scholarships for MBA students in the Tepper School of Business, who have been successful academically and professionally and have exceptional leadership skills.

The Booz & Company Scholars Fund in Business was created in 2005 to honor long-time Booz executive and Tepper School of Business alumnus John E. “Jack” McGrath (MSIA 1961) and other Booz partners who attended the Tepper School and Carnegie Mellon University.

Learn more about the Booz & Company Scholars Fund in Business

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McGowan Fellows Program

The McGowan Fellowship is administered as part of the McGowan Fellows program which was established in 2010. The Fellows program is funded by the William G. McGowan Charitable Fund, whose interests include education, healthcare, and medical research. The purpose of the Fellows program is to create a community of highly talented business leaders who are dedicated to ethical leadership and who share an interest in making a global impact, especially improving societal conditions for those less fortunate.

Each year, one Fellow is selected from each of the top 20 MBA programs nationwide. Fellowship recipients receive full-tuition for their second year of MBA study, which is intended to provide them with increased freedom to pursue careers of their choice.

APPLICATION REQUIRED

Eligible students are required to complete an application which is due in the spring semester of the first year of study. The winning Fellow is selected in May. Please contact the Financial Aid Office for more information.

Learn more about the McGowan Fellows Program

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Angel G. Jordan Fellowship

This Tepper School award is offered to an outstanding incoming full-time MBA student. The fellowship has been established to honor Dr. Angel G. Jordan for his many contributions to Carnegie Mellon as faculty, department head, dean, provost and a good friend to the Tepper School of Business where he taught MBA courses during 1992-1999. There are no additional application steps for consideration of the fellowship. Applicants are reviewed during the Admissions application process and notified of eligibility via the acceptance notification process.

Mary Anne Spellman & Jack McGrath Scholars Fund In Business

Mary Anne Spellman and John E. “Jack” McGrath (MSIA 1961) established this fund in 2004 to attract top students to the Tepper School of Business. The McGrath Scholarship provides a two-year, full-tuition scholarship biennially to a student pursuing an MBA at the Tepper School of Business. The scholarship is awarded to a first-year student who exhibits an outstanding record of personal and professional achievement, as well as, exceptional leadership potential. The range of leadership skills encompasses ethics, purpose, creativity, openness, team-orientation, optimism, strategic and analytical decision-making, and effective communication abilities.

Learn more about the Mary Anne Spellman & Jack McGrath Scholars Fund In Business

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Marc & Sally Onetto Graduate Fellowship Fund

Marc (MSIA 1975) and Sally Onetto established the Onetto Graduate Fellowship Fund in 1999 to support  MBA students at the Tepper School of Business. Mr. Onetto’s goal is to maintain a European presence in the diversity of the student body at the Tepper School and expand the educational opportunities available to European and French speaking students. Preference for this fellowship is awarded to students from the European Union, particularly France, and native French speakers.

APPLICATION REQUIRED

Applicants must submit a one-page essay titled, "Why I Should Receive the Marc & Sally Onetto Graduate Fellowship" by May 7, 2013. Applications may be emailed to clb@andrew.cmu.edu or faxed to 412-268-4209.

Learn more about the Marc & Sally Onetto Graduate Fellowship Fund

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Murat Ozyegin Fellowship Program

  • Awarded to a qualified Turkish student on a need basis
  • Application essay and release statement required
  • Applicants must be accepted for admission to the MBA program
  • Scholarship funds available for year one
  • Possibility of loan assistance from Finansbank up to $20,000 for second year
  • Application deadline May 7, 2013

The Murat Ozyegin Fellowship offers up to $30,000 to a qualified full-time Turkish student who demonstrates extreme need for the first year of the MBA program.   Applicants must submit a one-page essay titled, "Why I Should Receive the Murat Ozyegin Fellowship." Applicants will also need to submit a release statement giving the school permission to forward information from their admission application to an outside agency for scholarship consideration. Applicants are encouraged to submit their essay and release statement along with their admission application prior to May 7, 2013. Please forward the application materials via email to tepper-aid@andrew.cmu.edu or fax 412-268-2904.

Jean-Jacques Servan-Schreiber Fellowship

This Tepper School award is offered to an outstanding incoming full-time MBA student. The fellowship is named in honor of Jean-Jacques Servan-Schreiber, a former professor and international chairman at Carnegie Mellon, French freedom fighter, French government official, and founder of the French news weekly, l'Express. There are no additional application steps for consideration for the fellowship. Applicants are reviewed during the admissions application process and notified of eligibility via the acceptance notification process.

James R. Swartz Leadership Scholarship

The James R. Swartz Leadership Scholarship is a full-tuition award supported through the generosity of Tepper School of Business alumnus James R. Swartz (MSIA 1966). The Swartz Leadership Scholarship is awarded to a first-year MBA student who exhibits an outstanding record of personal and professional achievement. Awardees are individuals who demonstrate exceptional leadership potential.

The scholarship criteria evaluate candidates’ abilities to demonstrate the potential for exceptional leadership through skills encompassing ethics, purpose, creativity, openness, team-orientation, optimism, strategic and analytical decision-making, and effective communication abilities.

Learn more about the James R. Swartz Leadership Scholarship

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David A. Tepper Scholarship Fund

David A. Tepper (MBA 1982) established the David A. Tepper Scholarship Fund in 1998 to provide support to outstanding students who have the potential to become leaders in the field of finance. Preference for this scholarship is given to applicants from Pennsylvania or New Jersey.

Learn more about the David A. Tepper Scholarship Fund

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Tepper School Consortium Fellowship

The Tepper School of Business is a member school of the Consortium for Graduate Study in Management (CGSM), an alliance of 17 leading business schools and over 80 corporate partners that are dedicated to enhancing diversity in business education and leadership by helping to reduce the serious under-representation of African-Americans, Hispanic Americans and Native Americans in both the member schools' enrollment and the ranks of management. Candidates who apply and obtain membership through The Consortium and are admitted to The Tepper School are considered for this full-tuition, merit-based fellowship, which covers MBA tuition and mandatory fees for two years of full-time study.

Consortium Fellowships are primarily funded by The Tepper School of Business and are open to qualified US Citizens or US permanent residents of any race or ethnicity that can demonstrate a commitment to The Consortium's mission.

To apply or learn more about The Consortium, please visit www.cgsm.org or contact Monique C. Moreland, Assistant Director of Masters' Admissions at moniquem@andrew.cmu.edu.

Tepper School Teach for America/AmeriCorps

The Tepper School of Business values the experience and leadership development that Teach for America and AmeriCorps provide to its members and awards related scholarships to alumni of these two US federal programs who join the full-time MBA program.

All Corps alumni who apply to the Tepper School's full-time MBA program receive an MBA application fee waiver of $100. Additionally, Corps alumni who are accepted as full-time Tepper School of Business MBA students receive at least a $10,000 Tepper School Teach for America or AmeriCorps Scholarship.

All admitted full-time MBA students who are Teach for America or AmeriCorps alumni are reviewed for the above Tepper School scholarship at the time of admission. A separate application is not required.

Tepper School Yellow Ribbon Matching Funds Scholarship

The Tepper School of Business at Carnegie Mellon University is a Yellow Ribbon participant. Veterans must have 100% Post 9/11 GI Bill eligibility in order to participate. Once an individual student's eligibility is determined by the VA certifying official at Carnegie Mellon, the Tepper School of Business Financial Aid Office determines the amount of Yellow Ribbon eligibility by subtracting the amount of the Post 9/11 GI Bill benefits eligibility from the student's actual costs of tuition, fees, and university health insurance, limited by an institutional maximum participation amount determined annually.

Under the Yellow Ribbon Program, The Tepper School covers 50% of the "gap" between allowable costs and Post 9/11 GI Bill benefits for eligible students, not to exceed $12,500 for up to 30 students for the 2013-2014 academic year through the Tepper School of Business Yellow Ribbon Matching Funds Scholarship.

For additional information on Veterans Education Benefits eligibility please visit www.gibill.va.gov.

 

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