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Tepper School of Business students, in the thick of early career development, recently stepped back to consider a very different topic — retirement. Roger Ferguson Jr., president and CEO of TIAA-CREF, shed light on this urgent social issue as part of the W.L. Mellon CEO Speaker Series.
Carnegie Mellon University has received another boost to enhancing the scope and impact in innovation and entrepreneurship. A $10 million gift from James R. and Susan S. Swartz will help CMU shape the future through business education, cutting-edge research, learning technologies and interdisciplinary collaboration.
From robotic mini-cars to high-tech grilled cheese, members of the Tepper School’s Entrepreneurship and Venture Capital Club enjoyed a fascinating trek to the San Francisco Bay Area over winter break. The 30 students spent four days taking in innovative startups and cutting-edge venture capital firms.
David Simmons (BS MCS, TPR ’86), Chairman and CEO of PPD, returned to the Tepper School of Business as part of the 2013-2014 W.L. Mellon Speaker Series and shared insights on how his experiences as a student at Carnegie Mellon University prepared him for his successful career.
While much of the country was blanketed in the deep freeze of early January, 40 Tepper School of Business students were enjoying the sunny San Francisco Bay Area Trek, held annually during winter break and organized by the Business and Technology Club.
Early on Nov. 21, Tepper School of Business students eagerly filled Mellon Auditorium to await William D. Green, the former Chairman and CEO of Accenture, and second W.L. Mellon Speaker Series presenter for 2013-2014. The event, held in a question and answer format, allowed Green to engage with the students, imparting his invaluable advice on a myriad of topics with a captivating style of humor and honesty.
Nobel laureate Edward C. Prescott (Ph.D., 1967) returned to the Tepper School of Business as the inaugural speaker of the Tepper School Lecture Series, a public forum that welcomes distinguished doctoral alumni back to campus to share insights with the Carnegie Mellon community. Prescott discussed his recent paper, co-written with Ellen McGrattan.
On November 5, the Tepper School of Business’ Mellon Auditorium was at standing-room only capacity to hear remarks from Alan Mulally, Ford Motor Company President and CEO and the first presenter of this year’s W.L. Mellon Speaker Series. Mulally discussed topics from Ford’s successful turnaround to the importance of leadership in future technologies.
R. Ravi was honored as the Andris A. Zoltners Professor in Business at a Tepper School reception commemorating the creation of anew faculty chair by the namesake alumnus. Pioneers in the field of operations research, the professors were celebrated by a distinguished group that included CMU President Subra Suresh, Provost Mark Kamlet and Dean Robert Dammon.
James Swartz, (MSIA’66), venture capital industry pioneer and Tepper School Alumni Achievement Award honoree, served as keynote speaker at the Tepper School Welcome and Awards Reception. He remarks to the MBA student body focused on the many ways the Tepper School has impacted his life and career and he also shared his views on change.
From reducing residential energy costs to improving medical data analysis, ingenious Carnegie Mellon University community members continue to innovate. The Open Field Entrepreneurs Fund recently awarded $250,000 to five alumni-based startup companies in support of this culture of transformative entrepreneurship.
Remember the good old days? Maybe they weren’t as good as you think. Research by Professor Carey Morewedge demonstrates that, when it comes to evaluating the past, our mind tends to look at things through “rose colored glasses”- creating nostalgic preferences, a bias that recalls older memories as more favorable. His work is demonstrated by people’s recollection of TV shows and movies.
Four outstanding alumni have been honored as the inaugural recipients of Tepper School Alumni Awards in recognition of their success in business and contributions to the school community – James Swartz, (MSIA’66), Jon Kinol, (MSIA’92), Geoffrey Entress, (MSIA’88) and Patrick Macedo, (MBA’03).
More than 200 MBA students including the Tepper School’s MBA Class of ‘15 along with some returning members of the class of ’14 descended upon the Pittsburgh Botanic garden to participate in the annual Community Service Day program, which concludes the schools multi-week BaseCamp orientation program.
The Tepper School of Business MBA Class of ‘15 arrives on campus to participate in a world-class preparatory experience – BaseCamp. The three-week immersive program combines the expertise of faculty, staff and alumni to give students an integrated view of business and an invaluable head start on success in the MBA curriculum and toward making career decisions.
Sophomore business student and basketball coed, Amanda McHenry, combines academics and athletics to generate an outstanding collegiate experience. In 2012-13, the CMU women’s basketball team posted a winning season and their best overall record in a decade, while Amanda, combined stellar play on the court with diverse studies off the hardwood.
Summertime brings about a new season of warm weather and warm greetings for students and alumni at cities across North America. Hosted through the generosity of individual alumni and held throughout June and July, a series of summer alumni welcome receptions offers short but valuable evening-long gatherings providing students and alumni with an outstanding connection to the Tepper School community.
While studying at the CMU, Paul Fonteyne developed a skill set that helped put him on a trajectory to the top of the global pharmaceutical industry. Now serving as U.S. Country Managing Director, President and CEO of Boehringer Ingelheim USA Corporation, he shared his practical advice on leadership with students as part of the W.L. Mellon Speaker Series.
Pittsburgh area business representatives recently gathered to explore greater collaboration with the Tepper School of Business at the Corporate Partners Breakfast program. The event was part of Dean Robert M. Dammon’s continued effort to strengthen relationships and expand collaborative opportunities between the Tepper School and the region’s business community.
Ratan Tata, chairman of Tata Trusts and internationally-renowned business leader, was a marquee guest for the 2013 graduation weekend events at the Tepper School of Business. Speaking with graduates and their families in an exclusive forum, he encouraged them to seek enjoyment and satisfaction in their careers and business pursuits. His appearance kicked off the school’s formal programs for graduation weekend.
Amidst dynamic changes in the energy landscape, Nick Akins became chief executive officer of American Electric Power in 2011 and has since grown the company by exploring diverse energy sources and imbuing the firm with an entrepreneurial spirit. In Akins’ view, there has never been a more exciting time to work in the ever-changing energy industry.
MBA students participate in Leadership Immersion Workshops- three days of uniquely experiential, interactive events and personal coaching dedicated to developing effective, applied leadership skills. The program, required for all MBA students, is a collaboration between the school’s Accelerate Leadership Center and the Carnegie Bosch Institute.
Ratan Tata, chairman of Tata Trusts and internationally-renowned business leader, was a marquee guest for the 2013 graduation weekend events at the Tepper School of Business. Speaking with graduates and their families in an exclusive forum, he encouraged them to seek enjoyment and satisfaction in their careers and business pursuits. His appearance kicked off the school’s formal programs for graduation weekend.
In the early1960s, the field of Management Science and the Tepper School’s groundbreaking manner of collaborative, interdisciplinary research and teaching, was still in its formative years. Students knew it was something special, but maybe not how much it would affect them. Recently, a group from the class of 1963 got together and talked about how their education has influenced their lives.
The 2013 Tepper School Reunion set attendance records while reuniting alumni from the past 5 ½ decades. The series of events reconnected classmates with the school and each other while offering them insight into current research by faculty and how the Tepper School is positioning itself to educate the next generation of business leaders.
Amy Villeneuve believes in her gut instinct, and it’s led to her current position as President and Chief Operating Officer of Kiva Systems, an innovative startup acquired last year by Amazon.com. Villeneuve recently shared her “disruptive” story with Tepper School of Business students as part of the W.L Mellon Speaker series.
Through his 40 years in the financial services industry, James E. Rohr has witnessed tremendous change. As part of the W.L. Mellon Speaker Series, the chairman and CEO of The PNC Financial Services Group emphasized the importance of that change to Tepper School of Business students, faculty and administrators.
Katie Klaber, GSIA ’03, CEO of the Marcellus Shale Coalition, told MBA students how the natural gas industry has created 259,000 jobs in Pennsylvania and has created $54 billion in investment. Still public concerns persist. The industry group encouraged local residents to become involved via a campaign called “Learn about Shale.”
Scores of Tepper School MBA’s headed to Silicon Valley as part of annual West Coast treks. Students in the Business and Technology Club received a warm reception from alumni working at high-tech companies including Google, Cisco and Yahoo! While students in the Entrepreneurship and Venture Capital Club found inspiration at several successful startups.
Carnegie Mellon’s Open Field Entrepreneurs Fund has awarded $300,000 to six startup companies to assist them in growing their business ventures. The fund, established by CMU alumnus Jonathan Kaplan and his wife, Marci Glazer, provides early-stage business financing and support to alumni who have graduated from CMU in the last five years.
The news and features of Tepper Magazine, and automatic updates for future issues, are now available on your iPad’s newsstand. The new Tepper Magazine app delivers stories and videos in a truly interactive and entertaining format, making use of tablet applications including animation, video and photo slide-show.
Carnegie Mellon’s Masters in Product Development degree program, a collaborative effort by faculty at the Carnegie Institute of Technology, the College of Fine Arts, and the Tepper School of Business, has named the business school as an official partner, including a representative on the oversight committee as it looks to grow enrollment.
The Tepper School builds upon its two decades of offering MBA programs via technology with the launch of a new MBA model combining online learning with immersive on-site instruction. Of particular note is the school’s commitment to offering the same curriculum, faculty, and quality experience for its full-time, part-time, and online formats. Applications are being accepted for the Fall 2013.
The Tepper School’s 2012 Diversity Weekend showcased the school’s curriculum, its new format that integrates personalized communication and leadership development and the advantages of a close-knit school community.
The mean salary for the MBAs in the class of 2012 is $107,700, a record-high for the Tepper School. That’s two straight years of strong recruiting that brings the employment back to pre-recession levels. The employment report for the Class of 2012 also reveals a career shift toward more consulting, marketing and high tech and biopharma jobs.
Students from the Tepper School of Business apply their business skills in helping community non-profit organizations including Children’s Museum of Pittsburgh, The Education Partnership and the Pittsburgh Botanic Garden. The school’s Consulting Club and Net Impact Chapter jointly administer the program- known as Pro Bono Consulting.
Nicolas Hurt, a business student at the Tepper School, and ZhiJun Huang, an economics and mathematics major, have been named Fifth Year Scholars, an honor given to exceptional undergraduate students at Carnegie Mellon who propose work on innovative projects. One plans to film a documentary, while the other seeks to launch a Website that will help students find apartments.
Eric Butler’s commitment to excellence has brought him success in both business and life. As part of the W.L. Mellon Speaker Series, the executive vice president of marketing and sales for Union Pacific Corp shared with students what he’s learned along the way.
Understanding the conventional requirements for social behavior can be important for one’s success in business. More than seventy freshman students were coached on the finer points of decorum during the Tepper School’s annual Etiquette Dinner. The program included a formal dinner with instructions for both “at the table” and “away from the table”.
The free market system offers the best hope for large numbers of people to escape poverty according to Harvey Golub, chairman of Miller Buckfire and retired chairman and CEO of American Express. In his appearance as part of the W.L. Mellon speaker Series, Golub told students that government regulations often backfire.
More than 250 Tepper School students representing more than two dozen nationalities spread out over the grounds of Pittsburgh Botanic Garden for Community Service Day. The students, mostly first-year MBAs, weeded trails, cut posts, shooed mice from a historic cabin, picked up litter and performed other tasks to help the nonprofit prepare for a public opening.
As policymakers look to increase the percentage of electric power generated by renewable energy sources, integration of these new technologies on a large-scale requires new models for our energy grid. Professor Jay Apt and the researchers at the Tepper School and Carnegie Mellon Electricity Industry Center are on the leading edge of this research.
Professor Linda Argote has always been interested in understanding why some organizations perform better than others. Her work – including numerous collaborations – has boosted the intellectual development of the field of organizational and management theory, causing Argote to be name the 2012 Distinguished Scholar by the OMT division of the Academy of Management.
The alumni network is invaluable to the Tepper School community. That's why an alumni board was created - to engage alumni and students through volunteer opportunities, develop alumni programming and provide a sounding board between the Tepper School and its alumni.
The public knows Johnson & Johnson for baby powder, bandages and other consumer goods, but William C. Weldon, chairman of the board and chief executive officer, describes a diverse portfolio including medical devices and pharmaceutical businesses. During the W.L. Mellon Speaker Series, Weldon told Tepper School students how he’s guided by the company’s credo.
A new program allows business leaders from across the globe to refine skill sets while gaining deeper insights from faculty across two continents. Unique in both rigor and content, the Dual Degree Executive MBA in Asset and Wealth Management hopes to grow in both size and scope. The inaugural class of students is projected to graduate in January 2013.
Bill Lambert, MSIA ’90, urged MBA students to seek out the core values of their business with the help of the analytical tools they are acquiring at the Tepper School. Lambert, president and CEO of MSA, spoke to students as part of the W.L. Mellon Speaker Series. He candidly discussed the company’s strategies for weathering the recession.
For Andrew Estel (MBA ’12), finance is as familiar as do re mi. The former music professor applies both his quantitative acumen and his knowledge of the structure of art music when studying probability theory. Though music continues to be part of his life, he plans on using his newly minted MBA to work in Alcoa’s internal strategy group after graduation.
On a picture-perfect spring commencement day, graduate students at the Tepper School of Business learned some secrets of success from Richard Simmons, the legendary former steel executive, before receiving their diplomas. Simmons, chairman emeritus of Allegheny Technologies Inc., advised students to pick the right boss and told them about the value of luck.
Some flew in from as far away as India, Italy and Mexico. Others drove across town. But about 300 attendees of the Tepper School of Business Alumni Reunion Weekend arrived on campus to make it the largest-ever alumni weekend in the school’s history. Themed “Back to Business,” the weekend was capped with a sleek celebration at The Andy Warhol Museum.
An audience of Tepper School alumni gathered at Pittsburgh’s Rivers Club for a fireside chat with Allan Meltzer, who answered questions about his latest book, “Why Capitalism?” Meltzer, The Allan H. Meltzer University Professor of Political Economy, is the author of the definitive two-volume History of the Federal Reserve.
Students who accepted or are considering a spot in the Tepper School’s Class of 2014 were feted at Welcome Weekend, an event designed to give prospects a taste of life at Carnegie Mellon. In addition to social events, participants also got practical advice on careers, classes and housing while getting their first glimpse of potential classmates.
Jeffrey Housenbold, president and chief executive officer of Shutterfly Inc., has grown the digital photo company into an industry leader by connecting with his customers. During the W.L. Mellon Speaker series, he advised students at the Tepper School of Business to master people skills along with their analytical abilities.
Students from the Tepper School of Business and Heinz College collaborated across campus to create a new forum that explores the role of technological innovation and entrepreneurship in improving our nation’s health care. The inaugural Innovation in Health Care Technology Conference brought nearly 200 participants together at Carnegie Mellon University.
Military-friendly – a designation the Tepper School is proud to have earned and an intrinsic school philosophy. GI Jobs, a veteran-owned business, grants the distinction to the top 15% of universities and colleges nationwide for their efforts to attract, retain and fulfill the educational needs of America’s military personnel and veterans.
Punit Renjen, chairman of Deloitte LLP, was intrigued by the question: What makes a company a top performer over the long haul? During the W.L. Mellon Speaker Series, Renjen told students at the Tepper School of Business what makes Deloitte and its clients, including Walmart and Apple, "exceptional firms" while describing his passion for consulting.
In a series of presentations to over 1,000 alumni in 20 cities spanning the globe, Bob Dammon, the new dean of the Tepper School of Business, outlined his strategic priorities for the school while stressing the importance of alumni support in meeting those goals.
Bob McDonald, chairman, president and CEO of P&G, told students at the Tepper School of Business how his company is intent on improving lives. During the W.L. Mellon Speaker Series, he said that mission has shaped everything from its iconic brands to its Olympic commercials to the water purification tablets it distributes to developing nations.
The Tepper School of Business is introducing a new MBA curriculum designed to stay in front of a complex marketplace. BaseCamp 2012 will kick off the new course schedule and programs, positioning MBA students to succeed early.
With serious unemployment in the United States and a debt crisis in Europe, financial concerns dominate the news. Three economists at the Tepper School of Business -- Marvin Goodfriend, Chester Spatt and Chris Telmer -- gave presentations to alumni at the Rivers Club on topics ranging from domestic inflationist pressures to the European Union struggles.
While many of their Tepper School of Business classmates were honing their skills in corporate environments, Satyam Bakliwa and Mfoniso Umoh ventured to Rwanda to interview rural women about microfinancing projects administered by CARE Africa. The two MBAs spent a memorable summer traveling to tiny villages in one of the poorest countries in the world.
Hosted by the Tepper School Energy Club and the Carnegie Mellon Electricity Industry Center, Steven Chu, U.S. Secretary of Energy presented students with a unique opportunity to discuss issues at the forefront of clean energy technology and public policy.
It was a whirlwind trip to the West Coast for MBA students at the Tepper School of Business. They visited Google (pictured), Microsoft, LinkedIn, Medallia, eBay and other high-tech innovators. Students in the Business & Technology Club and the Entrepreneurship & Venture Capital Club returned home energized and with a sharpened sense of career goals.
Twice a year for more than 30 years, the Carnegie-Rochester Conference on Public Policy has invited some of the world's finest economists to apply the latest in academic theories to the practical public policy dilemmas of the day. In November, the conference met in Pittsburgh to challenge traditional economic models and propose new methods for analysis.
Now top executives for Black Rock and Kelly Services, onetime classmates Ann Marie Petach and Patricia Little (both MSIA ’84) reflected on the most important network of all – friendship – as they spoke to MBA students as part of the W.L. Mellon Speaker Series. Petach and Little met in the first few days of their MBA education and have maintained their friendship for more than 30 years.
Ten second-year MBA students competed in the 2011 MBA Face-Off, part of CNBC’s Million Dollar Portfolio Challenge. Teams from eight business schools tested their trading prowess at a time of market volatility due to the economic crisis across the Atlantic. MBAs from the Tepper School of Business sought an advantage by picking “market-neutral stocks.”
As a kid growing up in the South Bronx, Jaleni Thompson (BSBA ’08) was fortunate to have a no-nonsense mom and a few key mentors to keep him from losing his way. Now a successful Associate Analyst at Moody’s, the Tepper School alum is giving back by inspiring today’s youth through an organization he co-founded called D.R.E.A.M.
Intrigued by the practical and the theoretical alike, Gerard Cornuéjols is awarded one of the top prizes in operations research, the INFORMS John von Neumann Theory Prize for 2011. Recalling his career, he remembers the students and colleagues who challenged him, and the theorem that he spent decades helping to solve.
It took a winning team of five Tepper School students to describe how Eaton Corporation’s Golf Grip Division can exploit its worldwide expertise in other products to support golf courses here and abroad. Their pitch? Employ Eaton’s Industrial and Electrical sectors to analyze energy and water conservation methods to keep golf courses economically viable.
DeLyle Bloomquist, president of Global Chemical Business at Tata Chemicals Ltd., described how he rose through the ranks of the chemical industry through hard work and by taking on “the bad and the ugly” jobs that everyone else shunned. He told students at the Tepper School of Business to make decisions rather than over-analyzing issues.
In his new book, How Audiences Decide, author Richard Young applies theories honed in years of teaching business communication techniques at the Tepper School and boils it all down into a practical guide for professionals. The book, which was released this year, offers a simple mantra: Know your audience, and keep it simple.
That Carnegie Mellon University has the top ranked program in computational finance comes as no surprise to Peter Lambrakis (MSCF ’99). He serves as managing director of global equity derivatives for Deutsche Bank and recommends the program for its flexibility and “shelf life.”
Professor Laurence Ales reviews a recent paper of colleagues Antje Berndt, Sevin Yeltekin, and Hanno Lustig. The paper examines ways in which the government of the United States finances fiscal shock. It is also the key question the authors are trying to answer with their research.
Working out but getting nowhere? No time or money for a personal trainer? Nicholas Gammell (MBA '04) has your answer. The Tepper School alum is the co-founder of GAIN Fitness, a free web and mobile app. Since its launch nine months ago, GAIN Fitness now has more than 150,000 users.
The incoming MBA class of 2013 hit the streets of Pittsburgh’s Lawrenceville neighborhood to yank weeds, mulch trees, paint over graffiti, make planters and perform other tasks to benefit the local community. Nearly 200 students joined their new classmates for Community Day, part of the Tepper School Base Camp program.
In the wooded setting of Camp Guyasuta, students traversed the zipline, climbed ropes, and solved problems together during Team Day, a highlight of the month-long orientation process for the Tepper School of Business’ Class of 2013. Students overcame their fears, worked together and created instant bonds during this day of outdoor adventure.
Professor Paul S. Goodman reviews the research of Taya Cohen, assistant professor of organizational behavior & theory, addressing the question why people may be predisposed to engage in unethical behavior. Cohen's work focuses on guilt proneness: the propensity to feel bad about one’s transgressions even when those acts are done in private.
Marvin Goodfriend, professor of economics; Chairman, The Gailliot Center for Public Policy, endorses another mega-rich guy's way of shared sacrifice - Andrew Carnegie's. Via Canada's Business News Network on August 16, 2011.
Luke Skurman takes choosing a college very seriously. As a student at Carnegie Mellon University, he had an idea to help the millions of high school students who go through the process each year make the most informed decisions. And he didn’t wait for graduation to turn his idea into a thriving new business.
Leaving a sponge behind during surgery is an error that occurs over 4,000 times annually in the United States. A Pittsburgh start-up company founded by graduates of Carnegie Mellon University is reducing that risk in the operating room. How? By offering a technology that counts and detects surgical sponges.
By offering a long view of core business topics, sprinkled with generous helpings of networking, community service, writing and math skills brush-ups, BaseCamp seeks to give MBA students a jump start on summer internships – not to mention the rigors of the road ahead.
Executives from eight countries converged this June to learn life-transforming skills that will make them nimbler leaders in the global economy. The curriculum integrated three focus areas: Managing Yourself, Managing the Business and Managing & Leading Others.
Undergraduates from all disciplines presented their research at the 16th annual Meeting of the Minds symposium. Tepper School students presented studies ranging from caffeine consumption to the timeliness of buses to the origins of the semiconductor industry. Dina Megretskaia, a senior, won the economics award for studying how credit cards affect spending.
He’s a legend in Silicon Valley. Ray Lane, the former president of Oracle Corp., is now managing partner of the Silicon Valley venture capital firm Kleiner Perkins Caufield & Byer. Lane advised Tepper School of Business students on how to get funding for a startup.
J. Edward Coleman arrived at the helm of Unisys in 2008 with a deep appreciation of how quickly the market changes in the technology industry. His leadership has transformed the company into a more nimble competitor within the IT sector, in part, by focusing on strengths and cutting costs.
Nobel laureate Oliver Williamson, Ph.D. ’63, urged the master and Ph.D. graduates of the Class of 2011 to continue the Tepper School’s tradition of excellence. Speaking at the school’s diploma ceremony, he emphasized the need for discipline, flexibility and work ethic and pronounced: ‘You are part of a proud tradition.’
It's one thing to read that Brazil's economy is one of the fastest growing economies in Latin America. It's quite another to step inside the Banco Itau in Sao Paulo and watch fast-paced deals. Thirteen Tepper School of Business students headed to Brazil and Argentina for a Latin American trek, which was packed with business and cultural activities.
Richard A. Noll (MSIA ’85), chairman and chief executive officer of Hanesbrands, advised Tepper School students on the importance of building soft skills, such as communications, to match their analytical proficiency. As the head of a brand that is in 80 percent of all U.S. households, he is expanding Hanesbrands into new countries.
A group of students from the Tepper School of Business were in Tokyo when the massive earthquake struck Japan's northeastern coast. Led by Daisuke Tanaka (TPR'12), Hiroshi Higuchi (TPR'12) and Aki Shiraishi, the students had set aside their Spring Break to visit several Japanese cities, experience Japanese culture and make several corporate visits. But the students returned from their trip with more than just memories. They returned with a renewed sense of just how fragile life is — and a strong desire to help victims of the devastation.
Candace S. Matthews, a native of western Pennsylvania’s steel country, studied metallurgical engineering at Carnegie Mellon University. Then the steel industry collapsed. She became a marketer, working for megabrands at Coca-Cola, Procter & Gamble and L’OREAL. Today the chief marketing officer for Amway is helping create a global brand for the company.
The new Tepper School Wall of Fame, a gift from the MBA class of 2004, pays tribute to the contributions of seven remarkable leaders in management education: George Leland Bach, William W. Cooper, Richard M. “Dick” Cyert, James G. March, William Larimer Mellon, Herbert A. Simon, and David A. Tepper.
In December, Lufei Ruan was just a few moves away from a stunning achievement: winning the world championship in women’s chess. A first-year Ph.D. student who hopes to become a faculty member in her native China, Ruan explains how she balances her two elite worlds: Competitive chess and doctoral studies at the Tepper School.
A new study co-authored by Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, examines the total cost of ownership for cars and lights trucks and compares similar models of gas and diesel vehicles. The research shows how savings through fuel economy and real-resale value can offset higher initial purchase price.
Members of the Tepper School Poker Club are preparing for a return visit to the MBA Poker Championships in Las Vegas. By applying the strategic skills they are acquiring in business school, club members hope to make another strong showing at the tournament, where they will test themselves against hundreds of MBAs from other top B-school programs.
Nike stood by golfer Tiger Woods after scandal broke of his sordid affairs. While the decision sparked controversy, it literally paid off for the company. A study by Tepper School researchers examines the real economic impact of celebrity endorsement.
The Donald H. Jones Center for Entrepreneurship has helped many startups bring technology to the marketplace. Now the center will take that mission to the next level with a Department of Commerce i6 Challenge Grant. The $1 million prize, a highly competitive allocation, has been awarded to the Center and Innovation Works.
Students considering careers in marketing and finance got a head start on their studies — and a confidence boost prior to fall networking events — from boot camps that offer a crash course designed to build fluency in each discipline. Faculty and industry representatives helped guide students through an intense couple of days on the job.
The kickoff of the on-campus recruiting season began with the Business Opportunities Conference, organized by and for undergraduates at the Tepper School of Business. Despite an economic slowdown, student organizers lined up recruiters from 36 companies to talk about job opportunities. Students waited in line to give a quick pitch about their qualifications, with some landing a coveted interview the next day.
When William Meaney (MSIA ’86) began his international career in the late ‘80’s, he knew it would be “the more difficult ‘road less traveled.’” For this generation of MBA students, he sees international awareness as a necessity. This is a story about Mr. Meaney's presentation to Tepper School students as a part of the W.L. Mellon Speaker Series in August, 2010.
Some companies have an uncanny ability to introduce products and services that generate a firestorm of excitement into the marketplace, captivating customers. The result? Unparalleled success and profits, and a growing and loyal customer base. Is it just luck? Not according to Carnegie Mellon University professors Peter Boatwright and Jonathan Cagan. Their latest book, Built to Love: Creating Products That Captivate Customers, examines how product emotions correlate to market success and explains how companies can, through their products, instill desired emotions into their customers.
The Class of 2012 kicked off its first month at the Tepper School by spending the day at Camp Guyasuta outside Pittsburgh for trust falls and teamwork. Participants took advantage of the casual setting and made introductions through a series of activities. And when it was over, they faced their first day of classes knowing their teammates have their backs.
Shweta Suresh, an undergraduate majoring in Economics, combined her quantitative financial expertise with foreign language classes and extracurricular activities to land a summer internship in Hong Kong. Her experience highlights the importance of professionals who can execute an analytical approach to problem solving for global financial sector.
Not only has David Shapira witnessed a lot of changes in the retail grocery industry during several decades, he has pioneered many of them. As Chairman, Chief Executive Officer and President of Giant Eagle, Inc., he has been a catalyst for change, a crusader for his customers, and a champion of communities.
Larcom earned a BS in Business Administration and a BS in Global Politics. Her experience as the first full-time exchange student to Carnegie Mellon University in Qatar led to prestigious State Department scholarships. She is currently studying in Morocco on a Critical Language Scholarship provided by the U.S. Department of State. In September she will begin a nine-month stay at Suez Canal University in Ismailia, Egypt where she will teach English while working on a research project.
Brian Roberts, chairman and CEO of Comcast Corp., has made a career out of betting on the future. Addressing a packed audience as part of the W.L. Mellon Speaker Series, he talked about the company’s foray into wireless services, its pending merger with NBC/Universal, and the need to take calculated risks to advance a company’s future.
When Cognizant president and CEO Francisco D’Souza was a B-school student, the World Wide Web did not exist. But he credits the way of thinking he learned at the Tepper School with helping him guide his IT services and consulting company through the storm winds of the recession — and into renewed prosperity. Academic specifics may have a shelf life, he tells MBA students; but the Tepper School's approach is evergreen.
A study co-authored by Chester Spatt, a former chief economist of the U.S. Securities and Exchange Commission and current director, Center for Financial Markets at the Tepper School of Business at Carnegie Mellon, where he is the Pamela R. and Kenneth B. Dunn Professor of Finance. The study is titled Equity Trading in the 21st Century.
A study co-authored by Joachim Vosgerau, assistant professor of marketing, proves that the Implicit Association Test (IAT) is flawed. This test is widely used to measure unconscious brand preferences or discriminatory biases. The findings of this study are outlined on this page.
A study co-authored by Linda Argote, Barbara A. Kirr Professor of Organizational Behavior and Theory at the Tepper School of Business at Carnegie Mellon, is outlined on this page. The research is titled in “First, Get Your Feet Wet: The Effect of Learning from Direct and Indirect Experience on Team Creativity,” and was published in March 2010 in the journal of Organizational Behavior and Human Decision Processes.
A paper authored by John Hooker, the T. Jerome Holleran Professor of Business Ethics and Social Responsibility; Professor of Operations Research, is described on this page. The paper, “Corruption from a Cross-Cultural Perspective,” was published in Cross-Cultural Management; An International Journal in 2009.
With the release of “Iron Man 2”, audiences have a second chance to cheer their favorite executive/superhero, Tony Stark. Ken West (BSBA ’80) is the real-life executive who played a big role in bringing the hero back to the silver screen. “We’re definitely excited,” said West, executive vice president and CFO of Marvel Entertainment. “It’s a great picture. It plays very, very well, just like the first. Fans won’t be disappointed.”
Former CEO Cyrus Freidheim has turned around his fair share of companies, including Chiquita Banana, Chrysler Corp., and the parent company of the Chicago Sun-Times. He shared with MBA students his philosophy on how to lead: Get all the information you can, be an ethical leader, and know when to fold ‘em.
Stressing the importance of communication skills and diversified skill sets, Greg Babe spells out a recipe for successful C-level management. The president and CEO of Bayer Corp and Bayer MaterialScience LLC. says his template of creating five strategic goals each year has helped the company pull successfully through the economic downturn and poise itself for the future.
Dina Dublon, MSIA ‘79, urged students to get involved in issues bigger than themselves. As part of the W.L. Mellon Speaker Series, the former JPMorgan Chase VP and CFO said, “You must believe that you can make a difference. You must act.”
Student satisfaction and post-MBA outcomes are recognized as key drivers for the Tepper School’s high-grades in BusinessWeek’s most recent ranking of part-time MBA programs. The Tepper School of Business FlexTime (part-time) MBA ranked #1 in the Mid-Atlantic region and #7 nationally.
Spurned by consumer advocates, service contracts remain popular for luxury items, according to new research co-authored by Baohong Sun, the Carnegie Bosch Professor of Marketing.
Research by Anita Williams Woolley, Assistant Professor of Organizational Behavior and Theory, is discussed in this article
Joshua Kresge (TPR’10) knows how to give it all he’s got, as star safety on Carnegie Mellon’s Tartans football team, active member of the Beta Theta Pi fraternity, or dreaming up new ventures at the Tepper School of Business. Kresge's ideas won him the Tepper Venture Challenge last spring and lead to start-up funding from the Idea Foundry, a Pittsburgh non-profit.
Marc Onetto, MSIA '75, told an audience of Tepper School master's and Ph.D. candidates to embrace the concept of science as applied to business. This story is about a speech he gave as part of a welcome reception to students in Fall '09.
Through concurrent events aimed at potential MBA applicants, the Tepper School introduces women and underrepresented minorities to the school’s unique way of thinking.
Conquering industry or climbing Everest, Michael Kobold (BS '01) moves mountains. This is the text of a story that ran in the Tepper School Alumni Magazine Summer '09 edition.
Oliver Williamson, GSIA/Tepper School of Business Ph.D. Alumnus, 1963, is recognized for Analysis of Economic Governance.
Jeff Galak, assistant professor of marketing, is the co-author of new research that helps identify strategies for getting consumers re-interested in “old favorite” products.
Professor Gérard Cornuéjols , is recognized for his original, deep, and wide-ranging contributions to mathematical programming. The Dantzig Prize is awarded every three years to recognize original work having a major impact on the field of mathematical programming.
What does the current financial crisis say about economics as a profession? A panel of experts from the Tepper School deconstructed the problem in a roundtable that included an analysis of economic models, possible solutions, and how the Federal Reserve can possibly escape the concept of "too big to fail."
Tepper School graduate students bond with each other and get a different look at Pittsburgh in what has become an annual rite of passage: Cleaning up neighborhoods around Pittsburgh in a series of hands-on projects in partnership with community groups.
Story about how researchers at the Donald Jones Center for Entrepreneurship at the Tepper School encounter unique challenges in bringing emerging technologies to the marketplace.
Report from the W.L. Mellon Speaker series presentation by Lew Hay, chairman and chief executive officer of FPL group, and Tepper School MSIA 1982.
Bennett, MSIA 1970, Ph.D. 1971, is a self-described “serial entrepreneur” who founded Symmetrix, Inc., Braxton Associates, and co-founded Bain & Company, Inc., before co-founding Health Dialog in 1997. His goal was simple: to help address rising costs, poor quality and variations in health care, a task he terms “filling the void.”
Jon Hall’s passion for both soccer and academics led him to Carnegie Mellon University. His performance has earned him the title of Academic All-American of the Year from ESPN the Magazine.
Robert Kelly, chairman and chief executive officer of Bank of New York Mellon, gave the keynote address at Carnegie Mellon University’s Tepper School of Business diploma ceremony for MBA Ph.D. recipients. The ceremony, at which 429 degrees were conferred, was held Saturday, May 16, at Soldiers and Sailors Memorial Hall in Pittsburgh.
If you’re a bright, entrepreneurial-minded MBA student with a social conscience, Bill Strickland has a message for you: Come see me about a job. As the chief executive officer of the Manchester Bidwell Corp., Strickland has made a career by following a simple premise: Treat people with respect, and you’ll reap remarkable results.
Milton Cofield, Tepper School of Business Undergraduate Program Executive Director, Finds Synergy between his mission at Carnegie Mellon University and his leadership role in support of statewide education in New York State.
The U.S. economy will recover from its current crisis, according to a panel of experts assembled at Carnegie Mellon University. But, as is often the case, the devil is in the details. The panel, assembled as part of Impact Weekend and moderated by University Provost Mark S. Kamlet, was titled “The Global Economy: Policies and Strategies for Recovery.”
Michael Kobold, BS 2001, climbs Mt. Everest to raise funds and awareness of Navy SEALs Warrior Fund.
For 14 years, the Train of Hope has traveled across South Africa, delivering an array of health care services ranging from primary care to meeting dental, eye, and pharmaceutical needs for people at 37 stops across the rural landscape. When organizers sought sponsorship to help pay for the charity’s services, they ran into roadblocks. So they turned to MBA students at the Tepper School of Business for fresh ideas to keep the mission on track.
20 first- and second-year students made the Entrepreneurship and Venture Capital Club’s second annual trek to Silicon Valley in January, 2008 to learn where the market is headed and how trends are affected by the economic climate.
Kris Gopalakrishnan stresses accountability, and agility as keys to survival in his speech to Carnegie Mellon University students.
A team of Tepper MBAs win the 2009 Alpha Stock Pitch Challenge that was hosted by the UNC Kenan Flagler business school. The Tepper MBA team was one of 14 schools that competed in this prestigious finance case competition.
Alumni panel titled "Launching and Building Entrepreneurial Ventures" featuring Tepper alumni.
John Surma, chairman and chief executive officer, visits Tepper MBAs to discuss leadership and the global aspects of running U.S. Steel.
Alexander Cutler, CEO of Eaton Corp., visits Tepper MBA students to discuss ethics and effective management styles.
When broker-dealers add pennies to create rounded prices on thousands of transactions that small change tends to add up. In fact, one Tepper School doctoral student put a price tag on the collective annual effect of price rounding: approximately $1 billion. Dan Li, who now works as an economist for the Federal Reserve’s division of statistics and research in Washington, D.C., analyzed price-rounding practices for her doctoral thesis under the direction of Rick Green, Richard M. and Margaret S. Cyert Chair; Professor of Financial Economics; Associate Dean, Research.
Susan McGalla, president and chief merchandising officer, for American Eagle speaks to MBA students and share shares lessons on succeeding in leadership positions.
Marvin Goodfriend, professor of economics, provides a perspective on how worldwide consensus on economic matters can be achieved in this paper titled, "How the World Achieved Consensus on Monetary Policy."
The Tepper Marketing Club is one of 30+ professional and social clubs available to graduate students, providing career preparation, professional development and networking opportunities in the field of marketing.
The 2008 Tepper Team Day is among the highlights of the MBA orientation, providing team-building and networking among the incoming class.
Eight community enhancement projects in the East Liberty neighborhood of Pittsburgh got a boost from more than 250 MBA’s from the Tepper School of Business at Carnegie Mellon as part of the annual Tepper Community Day Program. The project, which is in its second year coinciding with Carnegie Mellon’s fall orientation schedule, was joined this year by Alcoa as a prime sponsor.
New certificate program, directed by the Don Jones Center for Entrepreneurship, is underway in Qatar.
Soon-to-be first-year Tepper students will be spend the final days of summer in a no-holds-barred, four-day crash course in entrepreneurship featuring nearly 30 industry veterans.
Tim Darling, MBA 2008, publishes his first book How To Get Into Top Consulting Firms: A Surefire Case Interview Methods
Highlights of the 2008 undergraduate business global trek to Nicaragua to assist with capital projects and entrepreneurship/business plan consulting.
Highlights from the 2008 MBA Consulting Club competition focusing on non-profit consulting.
Establishing a Price for Carbon Emissions in the U.S. Would Spur Immediate Reductions in Energy Consumption and More Efficient Use of Power Generators, Study by Carnegie Mellon Researchers Shows. Simulation of Short-Term Effects of $35 Cost Per Metric Ton of CO2 Indicates Up To Ten Percent Cut in Emissions Possible.
Derica Rice, Senior Vice President and Chief Financial Officer of Eli Lilly, shares advice for students as part of the W.L. Mellon Speaker Series.
Highlights from the spring break trip to India coordinated by the MBA student club, Asian Business Association.
Highlights from the 2008 Undergrad Marketing Case Competition for the Dozen Cupcakes business case.
Tepper MBA students introduce local Pittsburgh high schoolers to case competition concept as part of college preparation.
Charles Bunch, chairman and chief executive officer of PPG, spoke as part of the W.L. Mellon CEO Speakers Series regarding the attributes of global leadership upon business practice and personal performance.
Egon Balas, University Professor of Industrial Administration and Applied Mathematics and The Thomas Lord Professor of Operations Research, was awarded an honorary doctorate by the University of Liege in Belgium.
The March 2008 spring trek to South Africa included important corporate visit and alumni networking for Tepper MBA students.
Writing in the Wall Street Journal, Allan Meltzer cautions against over-regulating the financial markets in response to the current market turmoil.
The 2008 McGinnis Venture Competition included winning teams from the Tepper School of Business, Yale and Manitoba University, all competing amidst 25 international B-schools for venture capital for new business plans.
The strong 2007 job placement success for Carnegie Mellon financial engineering grads has MSCF students assuming high-level jobs on Wall Street.
On the eve of his retirement, Microsoft Founder Bill Gates concluded his national farewell tour, speaking to thousands of Carnegie Mellon students on topics ranging from global poverty to innovation to career advice.
David Moran, president and CEO of Heinz North America, spoke to Tepper School students in February 2007 regarding leadership attributes necessary during the food manufacturer's industry turnaround.
Smith Barney chief tells Tepper Students: ‘Find your passion’ Charles Johnston, President and CEO of Smith Barney, Citi Global Wealth Management spoke to Tepper students on Feb. 1, 2008.
Winter 2007-09 MBA student trek to China provides students with immersion in case competition with Tsingtao Beer brand marketing challenge.
The power of the Tepper alumni network is highlighted in this article regarding the Microsoft / Tepper MBA case competition.
GE Chief Executive Jeff Immelt talked about environmental technology as a driver of growth for 2008 in a recent appearance at Carnegie Mellon. Immelt appeared as part of USA TODAY's CEO Forum, sponsored on campus by the Tepper School of Business.
Visit by Ron O'Hanley of Bank of New York Mellon to Tepper MBA students in November 2007 to discuss the financial/market implications of nation's demographic trends.
GE Chairman and CEO Jeffrey Immelt shares a perspective on careers and competition during a visit to the Carnegie Mellon campus (December 2007).
Tepper School undergrad Jared Itkowitz started the process that led USA TODAY to bring its CEO Forum to Carnegie Mellon. The forum featured GE CEO Jeff Immelt.
Ronald P. O'Hanley, CEO of BNY Mellon Asset Management, speaks to Tepper School MBAs as part of the school's W.L. Mellon Speaker Series.
The Tepper School's Ray Reagans, associate professor of Organizational Behavior & Theory, and a co-researcher win a bottle of fine Bordeaux for research on wine buying.
Tepper School students hit tech and finance capitals on both coasts (and Texas) during fall trek, networking, lining up internship opportunities, and engaging in a bit of R&R.
A preview of Tepper School students fall trek between minis, with plans to visit Boston, New York, Austin and San Francisco.
Bettina Sherick, vice president of international digital marketing for 20th Century Fox, speaks at the Tepper School as part of the BBA Diverse Perspectives Speaker Series
Fred Festa, CEO of W.R. Grace & Co., kicks of 2007-2008 W.L. Mellon Speaker Series with talk on global leadership.
Q & A with Dr. R. Ravi, organizer of "Hurdles to eBusiness" conference, sponsored by Carnegie Bosch Institute for Applied Studies in International Management at the Tepper School of Business. The conference included top researchers from eBay, Google and Yahoo! to Carnegie Mellon.
2007 Tepper School alumni reunion is joined by the popular Connections Weekend and Women and the MBA for a power-packed weekend of special activities.
The MBA Track, Management of Product Innovation, provides a unique opportunity for students interested in marketing, business development and entrepreneurship. The Track provides a real-world corporate product development marketing entry plan.
Tepper School undergraduate and graduate students enjoyed a visit from the B-school's benefactor, hedge fund founder and manager, David Tepper during the kick-off of the fall 2007 academic year.
Fred Festa, CEO of W.R. Grace & Co., speaks at the Tepper School of Business as part of the W.L. Mellon Speaker Series.
The 2007 Wall Street Journal rankings of MBA programs ranked the Tepper School of Business No. 5 in the U.S.
Profile of the New York City alumni chapter activities and events.
Tepper School rises in U.S. News & World Report rankings of business school programs.
Graduate students take ethical lessons into community activism.
The Carnegie Mellon Qatar campus (CMQ) provides study for students in the Gulf studying business. The undergraduate business program has been available in the region for nearly four years.
The Tepper School's Net Impact chapter provides an opportunity for ethics, environmental and corporate governance involvement among the MBA students clubs.
Dr. Adam Lerrick's Senate testimony, delivered Aug. 2.
Op Ed by Professor John Hooker, T. Jerome Holleran Professor of Business Ethics and Social Responsibility; Professor of Operations Research
In assessing the importance of rigor (the academic strength of a program) versus relevance (the practical experience gained during studies), it is not a question of either-or, but rather when and how that are most important to address.
Charles Evans named president of Federal Reserve Bank of Chicago
Chester Spatt completes a three-year term at the SEC at the end of July and returns to Tepper School of Business.
This story reports on the success of Tepper School MBA student Alix Bowman at the 2007 Tulane Business Plan Competition
Story describes a networking event at the Tepper School of Business in March 2007 featuring the Executive Women's Council of Pittsburgh.
Tepper School of Business Professor Sridhar Tayur won the 2007 Carnegie Science Center Award for Excellence in Information Technology. The award recognized SmartOps Corporation, a company Tayur founded that is a leading provider of Enterprise-Class Inventory Optimization software and other supply chain consulting services.
Memo from Carnegie Mellon University Provost Mark Kamlet announcing the reappointment in May 2007 of Kenneth B. Dunn as Dean of the Tepper School of Business.
This story reports on Dr. Don Moore's winning the prestigious Cummings Scholar Award for 2007, recognizing significant scholarly achievement of an early- to mid-career scholar, no more than seven years post-PhD.
Tepper Prepper is a mentoring program in which second-year MBA students tutor first-years to help them polish their interviewing and networking techniques before internship interviews.
Although education is a serious matter at Carnegie Mellon, the decades of university and business school traditions stand in stark contrast to a legacy that boasts a record number of Nobel laureates. Students from undergrads to Ph.D.s have been carrying on the institution’s many off-beat rituals since the 1920s.
Tepper’s Masters in Computational Finance program has catapulted graduates into top spots at the world’s most prestigious financial services firms from New York to London.
The Swartz Fellows Program is designed for MBA students studying in the MBA Entrepreneurship in Organizations Track. A cornerstone of the program is a mentorship-specific summer internship program.