Pennsylvania State University - University Park - Smeal College of Business

Why you should consider this program

The internationally ranked Penn State Smeal MBA Program is a two-year residential program located in one of the top-rated small college towns in the United States: State College, Pennsylvania. Globally ranked as #1 in Supply Chain, #4 in Management, and #13 in overall faculty quality, the program boasts a small, community-based cohort of only 60 students per year, personalized attention from faculty and program staff, experiential project and team-based learning opportunities, and week-long leadership and global immersion experiences. Leadership communications, business ethics, and negotiations are hallmarks of the program, as well as the ability to customize your MBA experience with concentrations in Finance, Marketing, Supply Chain, and Consulting, and nearly 20 options in areas such as Sustainability, Investment, Entrepreneurship, International Affairs, and Healthcare. Post-graduation, our students become part of the largest and most active alumni network in the world, and work at top companies such as Amazon, Apple, Dell, Deloitte, Gap, Johnson & Johnson, JP Morgan Chase, Nestle, Nike, PwC, and Shell. If accepted, Coverdell Fellows receive a full tuition waiver for both years of the program, plus a monthly stipend and healthcare benefits. Please visit our website at for complete information about our program!

Benefits for Coverdell Fellows

Tuition/fees for Complete Program Value of Coverdell Fellowship Net cost *
In state $ 53,844 $ 70,844 $ 0 + You receive additional benefits.
Out of state $ 82,954 $ 99,954 $ 0 + You receive additional benefits.
* Net cost is equal to tuition/fees minus fellowship value. For some universities, the fellowship value includes non-tuition/fee benefits such as health insurance or housing—see the first point below for more details.

Where the cost savings value of the Coverdell Fellowship comes from

100% tuition and PSU required fees, health insurance (approx. $1500/year), and stipend ( approx. $7,000/year)

Fellowships awarded per year (average)


Other benefits or opportunities

100% Tuition waiver. _In addition to tuition waiver and $7000/year stipend, Fellows receive subsidized healthcare. Fellows are also eligible to apply for 10 to 20-hour wage payroll positions in the program.

Annual cost of living (estimated)

$ 17,500

Application fee waived?



All students, including Coverdell Fellows, are required to have an internship over the summer between their first and second years of the program. Our career services office works individually with every student before they arrive to develop a Personalized Career Strategy (PCS) that is used to guide students and career coaches through the internship and job search process. While many students do try to get internships with the companies they are targeting for full-time employment, other students use the internship more strategically by gaining additional experience in a field before searching for a full-time opportunity in a new industry, exploring a startup opportunity to determine if it is the right fit, or giving back to the community by working for Governmental or Non-Governmental non-profit organizations. Some examples of recent internships taken by our students include opportunities at companies such as Accuweather, Amazon, Apple, CVS Health, Ecolab, Intel, Kimberly-Clark, Merck, Princess Cruise Lines, and VWR Corporation.

Jobs for program alumni

Depending on industry, graduates of the Penn State Smeal MBA Program typically land jobs in mid-level-management positions, overseeing projects and/or teams to deliver results. Those who are interested in marketing positions often graduate into roles such as Senior Program Manager, B2B Business Manager, and Marketing or Brand Manager. In financial companies or roles, Senior Financial Analyst and Financial Manager are typical. For consulting firms, most students enter at a Senior Consultant or Senior Program Manager level. And finally, in Supply Chain roles, typical titles include Procurement / Sourcing Manager, Global Logistics Manager, and Senior Logistics Analyst

Other details

Program length

Two years full-time

Application requirements

GMAT or GRE scores, college transcripts, recommendations, goals essay, video questionnaire.

Admissions process

Request Coverdell Fellow fee waiver from the program office and apply as normal. Application will be assessed for admission. All admitted Peace Corps candidates are granted a Coverdell Fellowship.

Program begins


Non-traditional options

Only full-time residential MBA applicants are eligible for the Coverdell Fellowship.

Year Coverdell Fellows partnership started



Christina Yantorno, Director of MBA Admissions

220 Business Building
University Park, PA 16802