Carnegie Mellon University

Tepper School Ranked #2 in Fortune's Best Online MBA Programs

May 16, 2024

Tepper School Ranked #2 in Fortune's Best Online MBA Programs

Sheila Davis
  • Associate Director of Media Relations
  • 412-268-8652

Carnegie Mellon University's Tepper School of Business Online Hybrid MBA program has been ranked #2 in Fortune's 2024 list of the Best Online MBA Programs.

Fortune noted that online education continues to grow in popularity. With a school’s location being less of a consideration, factors like rigor, prestige, and cost have become more critical in the decision-making process for students.

Fortune considers the following categories for its ranking:

Data provided by schools (55% total from the data below):

  • Size of 2022–2023 graduating class: 5%
  • Out-of-state annual tuition: 5%
  • Graduation rate, 2020–23: 5%
  • One-year retention rate, 2022–23: 7%
  • Acceptance rate, fall 2023: 7%
  • Yield, 2023–24 (matriculates/admits): 7%
  • Average undergraduate GPA, 2023 enrollees: 6%
  • Average number of years of work experience, 2023–24 entrants: 8%

Data collected by Fortune: 

Fortune 1000 (20%), examines the leaders of America’s 1,000 largest companies to determine whether they have earned an MBA and from which school.

Average annual search volume (20%), measures the average monthly Google search frequency for each business school, then converts it to an annual metric to gauge public perception of a school's brand and reputation.

Previous Fortune ranking (5%)

The Tepper School’s Online Hybrid MBA program is STEM-designated and combines the flexibility of online learning with in-person immersive experiences. The program maintains the rigorous curriculum and high-quality instruction of the full-time MBA, emphasizing data-driven decision-making, leadership development, and interdisciplinary collaboration. 

In February, U.S. News & World Report also recognized the Tepper School’s Online Hybrid MBA program with a #2 ranking.  

For more details about the ranking and its methodology, visit Fortune Education.