Carnegie Mellon University
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Business Concentration Areas

Our program's uniqueness is based on our business core courses and concentration areas.

The concentration areas allow students to gain knowledge and expertise in a particular area of business practice. The coursework in the concentrations prepares students with the knowledge and skills for their career pursuits. Completing a concentration is part of the degree requirements. Students are encouraged to declare their concentration in the sophomore year through the declaration process accessible in Canvas, the student class sites for Tepper School undergraduate business administration students. 

Students must complete 27 units in courses approved for the concentration to meet the degree requirement. Courses taken to meet concentration requirements are not allowed to double count toward any other BA degree requirements, including the minor requirement.

Concentration Courses

Choose three elective courses:

    • 70-422  Managerial Accounting
    • 70-424  Corporate Financial Reporting I
    • 70-427  Modern Banks: Strategy and Regulation
    • 70-428  Financial Statement Analysis

Choose three elective courses:

    • 70-374  Data Mining & Business Analytics
    • 70-455  Modern Data Management
    • 70-460  Mathematical Models for Consulting
    • 70-467  Machine Learning for Business Analytics
    • 70-469  End to End Business Analytics
    • 70-462  Uncertainty and Risk Modeling
    • 73-374  Econometrics II
    • 73-365  Firms, Market Structures and Strategy

Required course:

    • 70-455 Modern Data Management

Choose two elective courses:

    • 70-374  Data Mining & Business Analytics
    • 70-339  FinTech
    • 70-443  Digital Marketing and Social Media Strategy
    • 70-453  Business Technology for Consulting
    • 70-467  Machine Learning for Business Analytics
    • 70-469  End to End Business Analytics

Prerequisite courses:

    • 21-256, 70-207, 70-208, 73-102, 73-230

Required course:

    • 73-365 Firms, Markets, Structure, and Strategy

Choose two elective courses:

    • 73-315 Market Design

    • 73-341 Within the firm: Managing through incentives

    • 73-347 Game Theory for Economists

    • 73-353 Economic Foundations of Regulation

    • 73-359 Benefit-Cost Analysis

    • 73-366 Designing the Digital Economy

The hub of entrepreneurship at the Tepper School is the Swartz Center for Entrepreneurship, a campus-wide center for innovation that brings together business, technology, and design within our dynamic, renowned startup community.

Required courses:

    • 70-415 Introduction to Entrepreneurship, or
      • 70-414  Introduction to Entrepreneurship for Engineers
      • 70-420  Introduction to Entrepreneurship for Scientists
      • 70-421  Introduction to Entrepreneurship for Computer Scientists
      • 70-425  Entrepreneurship for the Creative Industries
    • 70-416  New Venture Creation

 Choose one elective course:

    • 70-395  Funding Entrepreneurial Ventures
    • 70-438  Commercialization and Innovation
    • 70-439  Entrepreneurial Teams
    • 70-449  Social, Economic and Information Networks

Required courses:

    • 70-492 Investment Analysis
    • 70-495 Corporate Finance

Choose one elective course:

    • 73-338 Financial Crises and Risk 
    • 70-353 Economic Foundations of Regulation: Applications to Financial Markets
    • 70-398 International Finance
    • 70-493 Valuation & Financial Modeling
    • 70-497 Derivative Securities

Prerequisite courses:

    • 21-256, 70-207, 70-208, 73-102, 73-240

Choose three elective courses:

    • 73-338 Financial Crises and Risk

    • 73-372 International Money and Finance

    • 73-421 Emerging Markets

    • 73-367 Technology, Jobs, and the Future of Work


Choose three elective courses plus the Independent Study:

    • 70-342 Managing Across Cultures
    • 70-365 International Trade & Law
    • 70-430 International Management
    • 70-480 International Marketing
    • 70-508 Independent Study in International Management (three-unit minimum). This involves cultural preparation for the experience abroad.

Experience Abroad:

The International Business Area requires at least one semester of study abroad, or a substantial internship abroad (e.g., one summer or one semester), or both. Study abroad programs should provide substantial immersion in the culture. Contact the Area Advisor for assistance.

Language Requirement:

Students must demonstrate conversational proficiency in a language other than English, to the satisfaction of the Area Advisor. (This may be, but is not necessarily, the same language used during the experience abroad.) Proficiency may be demonstrated in several ways, including:

    • Long-term residence in a country that requires knowledge of the language (normally the case for international students).
    • Language courses, normally including at least one intensive course that lasts several weeks. A few semesters of high school or college study do not necessarily satisfy the requirement.
    • Successful completion of at least one semester of courses taught in the language in a country where it is spoken, or employment that requires conversational knowledge of the language.

Choose three elective courses:

    • 70-318 Managing Effective Work Teams 
    • 70-321 Negotiation and Conflict Resolution
    • 70-342 Managing Across Cultures
    • 70-341 Team Dynamics & Leadership
    • 70-437 Organizational Learning and Strategic Management
    • 70-440 Corporate Strategy

Required courses:

    • 70-481 Marketing Research

Choose two elective courses:

    • 70-385  Consumer Behavior
    • 70-443 Digital Marketing and Social Media Strategy
    • 70-482  Pricing Strategy
    • 70-483  Advertising & Marketing Communications
    • 70-485  Product and Brand Management

Required courses:

    • 70-471 Supply Chain Management

Choose two elective courses:

      • 70-447 Client Consulting Project: Strategic Management of the Enterprise
      • 70-460 Mathematical Models for Consulting
      • 70-462 Stochastic Modeling and Simulations
      • 70-477 Real Options

About Each Concentration Area

  • Accounting: Accounting is an essential subject of study in top business programs. While Introduction to Accounting is a required core course in our Business major, students will take the following courses to build an in-depth area of mastery grounded in analytics, decision-making, and strategy.
  • Business Analytics: This area is designed to provide students with the knowledge and skills that help business leaders apply analytics to improve operation performance and strategic decision-making. Students will learn practical research skills through applied mathematics and statistics in order to report meaningful information and insights from datasets.
  • Entrepreneurship: Entrepreneurship at Carnegie Mellon is characterized by experiential learning geared toward leading change, innovation, and growth in startups, emerging companies, and mature organizations. It seeks to bridge the gap between cutting-edge research and the creation of economic value through commercialization of ideas for products and services.
  • Economics, Markets, and Strategy: This concentration is an integrated group of courses that provides varied perspectives on the economics of modern business. 
  • Finance: The Finance concentration prepares students to work in a variety of financial institutions, including asset management and commercial and investment banking to supply the analysis necessary to make profitable decisions.
  • Global Economics and Business: This concentration provides the macroeconomic underpinnings of modern business and finance. Courses analyze the sources of financial crises, the determination of exchange rates, the role of central banks, in impacting asset prices, doing business in emerging markets, and the future of work. 
  • International Business: Students completing this concentration gain knowledge and understanding of management issues faced by multinational companies in creating and exploiting their global presence. Culture, languages and local customs, and the detailed relationships between these and strategic management decision-making and effectiveness are explored in an integrated international framework.
  • Leadership and Organizational Effectiveness: The Tepper School is one of the pioneers and has fundamentally changed how scholars think about organizations. This area of study builds on the program’s strengths in groups, negotiation and conflict management, social networks within and between organizations, and organizational learning and management. Within the framework of the business major's analytical decision-making, this area introduces models and techniques that build leadership skills for organizational success.
  • Marketing: Students pursuing the Marketing concentration area learn how to apply the latest in research and data analytics to problems of creating and sustaining customer engagement through brand development, advertising, and marketing communications strategies. Both consumer and industrial marketing are supported through courses emphasizing behavior, data analytics and supply chain issues.
  • Operations Management: Students completing this concentration gain knowledge and understanding of management issues involved in the design, production, and distribution of goods and services. Because operations management provides the tools to analyze, improve and position a firm's operations to achieve competitive advantage, marketing, and financial success, it is also highly important to consulting firms specializing in these areas.