Program Overview

Tepper School Master of Science in Management (MSM)

The Tepper School Master of Science in Management (MSM) is a program offered by Carnegie Mellon University.

Cost of Attendance

The cost of attendance for the Tepper School Master of Science in Management (MSM) program is as follows:

Cohort Tuition

Cohort tuition remains constant for the length of the program.

• Fall 2025 Entering Cohort: $695 per unit
• Spring 2026: $695 per unit

Students Entering in 2025

The estimated costs for students entering in 2025 are:

• Tuition: See above
• Living Expenses - Housing:
  • Fall 2025: $5,130
  • Spring 2026: $5,130
  • Academic Year: $10,260
• Living Expenses - Food:
  • Fall 2025: $2,565
  • Spring 2026: $2,565
  • Academic Year: $5,130
• Books, Course Materials, Supplies, Equipment:
  • Fall 2025: $363
  • Spring 2026: $363
  • Academic Year: $726
• Travel Allowance:
  • Fall 2025: $1,492
  • Spring 2026: $1,492
  • Academic Year: $2,984
• Misc. Personal Expenses:
  • Fall 2025: $4,750
  • Spring 2026: $4,750
  • Academic Year: $9,500
• Activity Fee:
  • Fall 2025: $0
  • Spring 2026: $0
  • Academic Year: $0
• Transportation Fee:
  • Fall 2025: $0
  • Spring 2026: $0
  • Academic Year: $0
• Technology Fee:
  • Fall 2025: $240
  • Spring 2026: $240
  • Academic Year: $480
• Health Insurance (Estimate):
  • Fall 2025: $3,258
  • Spring 2026: $0
  • Academic Year: $3,258
• **Estimated Loan Fees***:
  • Fall 2025: $750
  • Spring 2026: $750
  • Academic Year: $1,500

Total Estimated Cost

• Fall 2025: $18,548 (+ tuition)
• Spring 2026: $15,290 (+ tuition)
• Academic Year: $33,838 (+ tuition)

Program Requirements

• 99 credits are required for graduation
• Tepper Master's tuition rates and fees are evaluated annually and are subject to change
• Tuition, university fees, and health insurance are charged to the student account
• Students have the option of opting out of the health insurance cost if they have existing coverage
• Students may choose to borrow for non-tuition costs like room and board, even though these costs are not charged to the student account
• A laptop computer with an additional estimated cost of $1,500 is required
• Students may make a one-time request to borrow up to $1,500 to cover the documented purchase of a laptop computer for school use
• Students who must retake a course or complete additional coursework due to a failing
  on-passing grade will be charged tuition for the units associated with the additional coursework.