Campus Chronicles: The Wharton Journal
Welcome back to Campus Chronicles, Clear Admit’s weekly survey of the student news at some of the nation’s top business programs. This week we return to the University of Pennsylvania’s Wharton School of Business and crack the pages of the Wharton Journal.
Wharton’s annual Grade Non-Disclosure (GND) vote opened November 18, allowing students the chance to once again enact the social contract by which they commit to an “honor code” agreement not to share grades with recruiters while they remain enrolled at Wharton. Last year, the GND proposal passed with 96% of the vote and an 87% turnout. The policy, which is also used at Chicago Booth, Columbia GSB, Haas Berkeley, INSEAD, London Business School, and Stanford GSB has been continually adopted by the Wharton student body since 1994. GND does not apply once you have received a full-time job offer, once you leave Wharton, and for anything non recruiting related like study abroad programs or PhD academic applications. Voting closes Thursday, November 21.
Jeff Fluhr, co-founder of StubHub Inc., which was purchased by eBay for $310 million, and Spreecast, Inc., a social video platform, spoke with aspiring Wharton entrepreneurs during a Founder’s Club event. Afterwards, he stopped by and did a brief interview with the Wharton Journal in which he described his new venture and how it differentiates itself from similar platforms like Google Hangout or YouTube, highlighted some keys to entrepreneurial success, and noted that avoiding traditional venture capital firms in favor of seeking out a diversified group of angel investors has allowed him greater control of the companies he has started. Fluhr also commented on the stigma against MBAs in the startup world, stating, “what makes people successful at startups (and most other companies) is their drive, creativity, intelligence, curiosity and work ethic. I don’t think you can learn these things in an MBA program.” Fuhr dropped out of Stanford GSB to pursue StubHub full-time.
On October 31, Wharton students filled a classroom to listen to current BlackRock employees Zaneta Clark and Robert Morris explain how they pitched the “BlackRock Impact” product to the Global Executive Committee at BlackRock. Clark and Morris’ initiative led to the development of a 28 professional team across 21 functions and 6 regions being assigned to research the Impact Investing landscape for project BlackRock Impact. They are now close to securing their first notable institutional investor and have pioneered social entrepreneurship within an established corporation. The takeaways from this process, in Clark and Morris’ eyes can be summarized into three broad lessons: first, junior ownership can spur junior creativity; second, things happen when direct managers encourage exploration; and third, making the project a formal engagement allowed people to find the time to focus energy on it.
- UPenn’s Wharton School Sees Uptick in Round One Applicant Volume (clearadmit.com)