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School Fact Sheet

Cross-campus collaboration...integrated, interdisciplinary curriculum...pioneering concepts in analytical decision making...unrivaled learning through technology: these are the hallmarks of the academic experience at the Tepper School of Business at Carnegie Mellon. The school boasts a decidedly small size, one of the best student-to-professor ratios of any top-tier school and an impressive community of students from more than 30 countries. A rigorous and innovative curriculum leverages the resources of the entire Carnegie Mellon campus, its unmatched technology resources and a faculty recognized for world-class research.

Fast Facts

  • Founded in 1949 by William Larimer Mellon (1868 - 1949), a founder and chairman, Gulf Oil Corp. and trustee, Carnegie Institute of Technology.
  • Renamed the Tepper School of Business at Carnegie Mellon (March 19, 2004) after receiving a $55 million donation from David A. Tepper (MBA 1982), President and Founder of Appaloosa Management, a $3 billion hedge fund investment firm based in Chatham, N.J.
  • Led by Robert M. Dammon, Ph.D., the school's ninth dean.
  • Pioneered management (applying analytical, quantitative decision making techniques via complex methods and modeling to management principles) in the 1950s. Virtually every leading business school in the U.S. has adopted some form of Carnegie Mellon's academic approach to management education.
  • The first business school to use computers for research and teaching (1955) and the first school on Carnegie Mellon's campus to house a computer. (Carnegie Mellon's #1 ranked School of Computer Science was actually a "spin off" from the business school in 1965.)
  • Created the mini-semester system, splitting the traditional semester in half to create four mini-semesters per academic year, providing a wider exposure of topics, courses and research.
  • Nine Nobel laureates – The Tepper School has produced nine Nobel Prize winners in Economics from its faculty and graduate ranks - Robert Lucas (1995), Merton Miller (1990), Franco Modigliani (1985), Herb Simon (1978), Finn Kydland and Edward Prescott (2004), Oliver Williamson (2009), Dale Mortensen (2010), and Lars Peter Hansen (2013).
  • Created Management Game, a model widely adopted by leading business schools, as a core course simulating a corporate environment in which MBA students compete against other MBA students at programs around the world.
  • The first business school to successfully replicate the live international data feeds and sophisticated software of Wall Street's top trading firms.
  • First business school to create a wireless computing environment, rated by Yahoo! as the "Nation's Most Wired" campus.

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