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 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.
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.
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.
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.
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.
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 firstname.lastname@example.org or faxed to 412-268-4209.
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.
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.
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.
The following fellowship opportunities are open to incoming international MBA students:
The Tepper School Merit Scholarship is a partial-tuition award based on academic and personal credentials. This scholarship is awarded by the School to full-time incoming students who we believe will enrich and add to the diversity and development of the class. All admitted full-time students are reviewed for the Tepper School Merit Scholarship. No additional application is needed. Applicants are reviewed during the admissions application process and notified of eligibility via the acceptance notification process.
Please note that the Tepper School does not offer need based scholarships.
The Forte Foundation is funded by a consortium of leading business schools, companies and nonprofit groups and seeks to increase access to leadership careers, business education, and networks for women. In support of the goals of the Forte Foundation, The Tepper School of Business offers several Tepper School MBA Forte Scholarships to incoming full-time MBA candidates. Applicants are reviewed during the admissions application process; no additional application steps are required. Awardees are notified via the Tepper School admissions notification process.
The Tepper School MBA Dean’s Scholarship is inclusive of full tuition and university fees for both years of the full-time MBA program and applies only if you matriculate in the year in which admission is offered. The award is highly competitive and is offered to the most exceptional full-time applicants at the time of admission. All full-time admitted MBA students are reviewed for the prestigious Tepper School MBA Dean's Scholarship; no additional application is required. The scholarship is renewable in the second year contingent upon the student achieving above-average academic performance (GPA of at least 7.0 “A-“ at the end of the first year), while maintaining a normal course load as a full-time student. The scholarship is credited to the student account in equal disbursements for the Fall and Spring terms for both years of the program.
Please note that the Tepper School MBA Dean’s Scholarship replaces any Tepper School MBA Merit Scholarship that may have been awarded.
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.
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.