Flexible Curriculum, Real-World Projects, & Networks in Industry

The Physics Entrepreneurship Program (PEP) is a 30 credit-hour Master of Science in Physics, Entrepreneurship Track. The curriculum can be tailored to your personal needs. With a core sequence in innovation, technology commercialization, and venture finance, you will have many opportunities to tackle real-world projects along the way. PEP will connect you with mentors, advisors, partners, funding sources and job opportunities, as well as help you build a network of peers & professors that will last a lifetime.

Who Enrolls?

Typical PEP students have recently earned an undergraduate degree in physics or in a physics-related field, such as electrical, mechanical, and biomedical engineering. Approximately 10% of PEP students have already earned a masters or PhD.  PEP students typically have a strong work ethic, an aptitude for creative problem solving and a passion for creating and launching new things.


More than 50 PEP alumni currently work for companies ranging from startups to Fortune 100 in diverse industries such as energy, healthcare, manufacturing, IT entertainment, and aerospace. Job titles include CEO, COO, CTO, VP of Sales, Director of Product Development, Program Manager, Project Manager, Chief Scientist/Engineer, Chief Technologist, Director of Professional Services, Integrated Services Engineer, Project Coordinator, Business Development Associate, Technology Management Associate, and Executive Director. And several STEP alumni have successfully started their own company. According to a survey by the National Professional Science Master’s Association, the average salary of PEP alumni was approximately $80,000 in 2009.




PEP students have many options, including a job, PhD, MBA, MD, or JD. PEP students are permitted to apply for a PhD in CWRU’s Department of Physics, and several PEP graduates have subsequently graduated from CWRU’s acclaimed PhD program in Industrial Imaging Physics.

Teaching Assistantships & Tuition Support

A limited number of merit-based part-time teaching assistantships are available. These assistantships provide half to full tuition support with no stipend, and are offered to students who exhibit excellence in both academics and innovation/entrepreneurship. It should be noted that most PEP students are employed in a well-paying internship before the end of the second semester.