Carnegie Mellon University

Rebecca Blei

September 15, 2020

U.S. News & World Report Ranks Tepper Undergrad Business Program #7

U.S. News & World Report released its 2021 Best Undergraduate Business School Programs rankings on Sept. 14. Of the 511 AACSB-accredited undergraduate business programs, the Tepper Undergraduate Business Administration program ranks #7 (down from #5 last year).

The U.S. News rankings are based solely on the judgments of deans and senior faculty at peer institutions who are sent a survey that asks them to rate the quality of the 511 AACSB-accredited undergraduate business programs with which they were familiar on a scale from one (marginal) to five (distinguished).

The top-ranked schools for 2021 are:

#1  University of Pennsylvania (Wharton) (reputation score 4.8)
#2  Massachusetts Institute of Technology (Sloan) (reputation score 4.7)
#3  University of California-Berkeley (Haas) (reputation score 4.6)
#3  University of Michigan (Ross) (reputation score 4.6)
#5  New York University (Stern) (reputation score 4.4)
#5  University of Texas at Austin (McCombs) (reputation score 4.4)
#7  Carnegie Mellon University (Tepper) (reputation score 4.3)
#7  Cornell University (Dyson) (reputation score 4.3)
#7  University of North Carolina-Chapel Hill (Kenan-Flagler) (reputation score 4.4)
#7  University of Virginia (McIntire) (reputation score 4.3)

U.S. News also ranks business schools in 13 different specialty areas. The Tepper School finished in the top 10 in six of the 13 areas:

#1  Information Systems
#2  Analytics
#2  Quantitative Analysis
#2  Production/Operations Management
#7  Finance

#9  Supply Chain Management/Logistics

Of note, this is the first year that U.S. News ranked business schools in the area of Analytics, where the Tepper School finished #2 (behind MIT).

While the Tepper School’s reputation remains strong among our peers, we continue to work to improve the quality of the education and student experience in our undergraduate business program. We have recently updated the general education requirements for our students, introduced new electives and concentrations and developed a new minor in Business Analytics and Optimization. Business remains one of the more popular minors for students from across CMU, with more than 100 students completing a Business minor last year.

In addition, the Tepper School continues to perform well on a variety of quantitative metrics that U.S. News does not consider in its ranking of undergraduate business programs. Application volumes, student quality and selectivity, job placements, and starting salaries are all on the rise for the Tepper School.

“There is much to be proud of with the Tepper School’s Undergraduate Business Program,” says Bob Dammon, Tepper School Dean. “I would like to congratulate and thank all our students, faculty, staff, and administration who are responsible for our success.”