Wharton MBA Class of 2024: Holding Steady & Stellar
The Wharton School of the University of Pennsylvania just released the class profile for the MBA Class of 2024. The school received 6,319 applications, a 14 percent drop from last year, and 877 candidates will matriculate this month. The class maintains gender parity, with 50 percent of the new class comprised of women. Other statistics also mirror or stay within single digits of the profile for last year, showing that Wharton is holding steady in the wake of Covid.
Here are some key elements of the MBA Class of 2024 profile:
|Average Undergraduate GPA||3.6|
|Percent majoring in arts, humanities, social sciences||34%|
|Percent majoring in science, technology, engineering, and math||34%|
|Percent majoring in business||32%|
|Average GMAT Score||733|
|GRE Quant Average||162|
|GRE Verbal Average||162|
|Countries Represented (by citizenship)||77|
|Average Work Experience||5 years|
Representation at Wharton
The MBA Class of 2024 is 50 percent women. Wharton first reached gender parity last year with 52 percent women.
While schools faced challenges in recruiting international students in 2020, Wharton appears to be holding steady in the wake of Covid. Thirty-five percent of the new crew are international, representing 77 countries. This is on par with the 36 percent of the Class of 2023. Only 19 percent of the Class of 2022, who matriculated in 2020, were international students.
US minority students comprise 35 percent of the class, with 23 percent identifying as Asian American, 7 percent Black/African America, and 5 percent Hispanic/Latinx. This year 8% of the students identify as LGBTQ+, up one percent from a new record last year.
Academic and Professional Background
Wharton boasts four interdisciplinary and dual degree programs in which 180 students are enrolled, roughly 20% of the class. The Class of 2024 also maintains the record high–set last year–average GMAT score of 733.
Undergraduate backgrounds for the class reflect the usual breakdown for the school, with 35 percent holding a degree in the humanities, 34 percent coming from a STEM major, and 32 percent with a business education. Humanities degree holders decreased 4 percent, while students with a business background increased 5%.
The class averages five years of professional experience. As is standard for Wharton, about a quarter—27 percent—come from a consulting background and 20 percent from financial services/investment banking/investment management. Twelve percent worked in tech before matriculating and 11 percent in the non-profit/government sector. Private equity and venture capital professionals also make up 9 percent of the class.