Faculty & Research

The faculty members of the Tepper School of Business at Carnegie Mellon are key to the intense, innovative and creative environment that characterizes our approach. They are comprised of individuals ranging from senior faculty members of superior achievement, including Nobel laureates, to promising and aggressive junior professionals who are all dedicated as a team to fostering an atmosphere of collaboration and preparation for each and every student.

The Tepper School’s faculty have won wide acclaim for research which spans all of the functional areas of business and economics. The school has also produced six Nobel Prize winners in Economics: Robert Lucas, Merton Miller, Franco Modigliani, Herb Simon, Edward Prescott and Finn Kydland.

Lucas was awarded the prize for his pioneering work on rational expectations theory and its implications for government macroeconomic and regulatory policies. Modigliani's prize recognized his path-breaking life-cycle theory of consumer savings, an important component in all modern macroeconomic models. Miller's prize was awarded in recognition of his contributions to corporate finance. The results of his research -- in collaboration with Franco Modigliani -- is now taught in every business school in the country. Simon's prize was given for his seminal development of the idea of bounded rationality in economics, and the need to focus on human behavior as well as markets in order to understand the workings of a large industrial economy. In 2004, Kydland and Prescott became the latest Nobel Prize recipients from the business school. Their work together advanced the field of dynamic macroeconomics and transformed economic research.

One look at the research journals tells the story:  despite our small size, Tepper faculty members hold the top editorial positions at the leading finance, organizational behavior and economic journals. We don't simply "teach information."  Tepper professors are prized for a learning approach that gives students an immediate advantage in their ability to make a significant impact upon organizations.

Students have access to new knowledge, modeling techniques and business theories years before the findings become available in journals and textbooks. Bridging theory and application, Tepper faculty consistently rank among the world's best for intellectual capital.