More than 50 years ago, it was Carnegie Mellon that showed the world another way – a more strategic way – to succeed in business.
A group of unconventional academicians, impatient with the predictable case studies used to teach business principles, were shaking up management mindsets and loving it.
Bringing together the university’s leadership strengths in business management, computer modeling, organizational behavior and economic theory, the faculty team envisioned a business model built on a more sophisticated, scientific approach. A new academic principle was born, and nobody could have predicted the sweeping, worldwide influence that management science would create as a revolutionary model. Today’s business school standard combines both the case study and management science approaches as a basis for cutting-edge curriculum. We respect a historical perspective – we just don’t believe it should be the sole predictor for future decisions, especially in unpredictable, dynamic business situations.
Don’t make the mistake of pigeonholing “quant” into the stereotype of numbers crunching. It’s actually the unsung hero of complex decision making. In other words, it’s leadership. Tepper School graduates (link to podcast referenced below) know how to leverage management science to make better, smarter, innovative decisions.
How do you solve a problem you’ve never seen before? Nearly 60 years ago, Carnegie Mellon was the first B-school to recognize the need for a business program that would equip students with the fundamental tools and knowledge needed in uncertain, rapidly changing markets.
Although we lean toward the analytical, we also include case-based learning with the MBA program. While the case method is an effective approach when the environment and problems feature stable variables, we choose to emphasize a combination of teaching methods so that graduates are prepared for business environments that have a level of complexity yet to be confronted.
Rigor Vs. Relevance
B-schools are participating in an in-house debate about academic vs. career preparation. We believe it’s not a question of either - or, but rather “when & how.” Read former dean Kenneth Dunn’s perspective on how B-schools ultimately serve students’ academic and career interests.
Alix Bowman (MBA 2007, recorded when she was a second-year student) shares her perspective as a career switcher on how quant is the ultimate exercise in rounding out management skills.