The Wharton School – University of Pennsylvania
The Wharton School at the University of Pennsylvania in Philadelphia, Pennsylvania is the first ever collegiate business school. Wharton offers prospective MBA applicants either a two-year, full-time program or a two-year Executive MBA program. The school also affords students the option of pursuing an MBA/MA through the well-regarded Lauder Program. Wharton is distinctive among leading programs for its high percentage of international students, mandatory yet flexible majors, and rigorous quantitative training.
What is the tuition for Wharton’s MBA program?
The tuition for Wharton’s MBA program is $78,948 per year. The total cost of the Wharton MBA program is $111,900 per year; this includes budgeted living expenses.
How hard is it to get into Wharton’s MBA program?
The acceptance rate for Wharton is 20.7% It is important to consider the acceptance rate in the context of the student profile of those who are admitted. For example the average GMAT score is 732.
What is the average GMAT score for admission to Wharton’s MBA program?
The average GMAT score for the incoming class at Wharton is 732. The GMAT range is 500 to 790.
Does the Wharton MBA program accept the GRE?
Yes. The Wharton MBA program has accepted the GRE for a few years now.
What is the average GRE score for admission to Wharton’s MBA program?
The average GRE score for the incoming class at Wharton is Median Verbal 163 and Median Quantitative 162.
What is the minimum number of years of work experience required for admission to Wharton’s MBA program?
Wharton does not state a minimum requirement for years of work experience. However, it is important for candidates to be aware that they are being considered against other candidates with an average of 5 years of experience.
What is the average number of years of work experience for admission to Wharton’s MBA program? (or, What is the average age of a Wharton student?)
The average number of years of work experience among students in Wharton’s MBA program is 5.
What is the average starting salary for graduates of the Wharton MBA program?
The average starting salary for Wharton MBA graduates is $135,000. The salary will vary by industry, with consulting and finance jobs generally commanding the higher salaries.
How long is Wharton’s full-time MBA program?
Wharton offers a traditional 2 year MBA program.
What are the application deadlines for Wharton’s MBA program?
The Round 1 MBA application deadline is September 18, 2018. The Round 2 application deadline is January 3, 2019. The Round 3 deadline is April 2, 2019.
What percent of Wharton MBA students are women?
The percentage of the class at Wharton that are women is 43%.
What type of interview does Wharton use for MBA admissions?
Wharton offers interviews by invitation. The interview is a team-based discussion, comprised of 5-6 interviewees. Following the team-based discussion, each interviewee has a one-to-one short interview, which is blind. This means the interviewer has not had access to the application materials.
The Class Profile
The Wharton MBA program received 6,245 applications during the 2017-2018 admissions season, but the Class of 2020 includes just 862 students, making Wharton’s one of the most selective MBA programs. Of those 862 students, 43% were women. Thirty-three percent of the class identifies as U.S. minorities, which includes students of African-American, Asian-American, Hispanic American, Native American and multiethnic backgrounds. Thirty-three percent of the Class of 2020 are international students, and a total of 80 countries are represented in the class. The Class of 2020’s average GMAT score was 732 and enrolled students had an average of five years of work experience.
The undergraduate and professional profiles of Wharton students are quite diverse. The largest portion of the class, 45%, majored in the humanities and social sciences, while majors in business and engineering, math, and science constituted 26% and 29%, respectively. In terms of industry experience, 27% of students had backgrounds in consulting, followed by private equity/venture capital at 13%, technology and internet services at 10%, and non-profit and government at 9%. Investment banking and other financial services claimed 23% total. Another 5% of students had professional experience in the healthcare industry.
The Wharton application season includes three rounds that usually occur in late September, early January and early April; those interested in the Lauder Program must submit their applications in the first or second round. Applicants should apply through Wharton’s online application system and are required to fill out a data form concerning both their personal and professional background. Wharton also requires applicants to provide transcripts from all academic institutions attended, GRE or GMAT scores, TOEFL results if applicable, essays, a résumé, two letters of recommendation and a $265 application fee. An interview is required for admittance to the MBA program, and interviews are offered to applicants by invitation only.
Essay Topic Analysis
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Wharton LiveWire and DecisionWire
Students in the MBA program at Wharton have access to over 235 professors; the school overall has roughly 270 faculty members. Faculty teach across 10 academic departments and also contribute to Wharton’s 20 research centers and initiatives, which have study areas ranging from customer analytics to health economics.
Upon entering the Wharton MBA program, first-year students are immediately divided into Learning Teams of approximately five to six students. The teams are chosen with professional and personal diversity in mind. When classes begin, multiple Learning Teams are brought together to form cohorts of about 70 students. Wharton students complete most of the core curriculum with their cohort fellows and work with the same faculty for their first year; they are better integrated into the Wharton learning community as a result. Wharton adds another layer of group activity through clusters which are groups of approximately 210 students from three cohorts. These students share faculty and administrative resources as well as social elements of the program, like group community service projects. Course material at Wharton is delivered through a mix of lectures, case studies and field study.
Pre-Term commences for first-year MBA students in mid-August, three weeks before the formal beginning of the program. All students are required to participate in Pre-Term activities, which include preparatory courses in key subjects such as financial analysis. In addition, the first core course of Wharton’s curriculum, Foundations of Leadership and Teamwork, is taught during Pre-Term. Wharton students also attend a two-day Learning Team Retreat at an offsite location, where they are first introduced to the other members of their Learning Team and the second-year student who will serve as their Leadership Fellow.
Wharton’s MBA program operates on a semester system, with the fall semester running from late August through mid-December and the spring semester lasting from mid-January to early May. Students must earn a total of at least 19 and no more than 21 credit units over their four semesters at Wharton. Both semester-long and quarterly classes, which last for about six weeks, are offered each semester. The core curriculum is comprised of nine courses, though students may waive courses through pre-term exams or the demonstration of other relevant qualifications. Since 2012, students have been able to choose from two or more options to satisfy the requirements of most core courses, allowing them to select the subject track that interests them most within each core discipline. MBA students also have the option to fulfill certain core requirements in either their first or second years of study.
While Wharton provides students with nearly 200 elective courses to choose from, those seeking to further expand their studies may take up to four credit units at another University of Pennsylvania graduate school or may spend a semester studying abroad at one of Wharton’s 18 international exchange partner schools. MBA students are required to tailor their studies by choosing a major or double major from among 19 areas of study and completing at least five credit units in each major area. The 19 major options include the “individualized major,” an opportunity for students to complete their majors in an area not adequately covered by the more standard offerings. Nearly 5% of students choose to pursue this path, while about 40% of students opt to double major. Students wishing to pursue Wharton’s Health Care Management Program must note their interest in this program at the time of application; the program provides supplementary academic and professional resources to help students gain the necessary education in all areas of health care.
Other MBA Degree Options
Beyond the full-time MBA, Wharton offers the MBA/MA Lauder Program—the first joint degree in international management—as well as a three-year MBA/JD from Wharton and Penn Law, and 13 other dual-degree options at University of Pennsylvania schools. Students may also choose from four dual degrees in conjunction with Johns Hopkins University and the Harvard Kennedy School of Government. In addition, Wharton offers an Executive MBA program at its campuses in Philadelphia and San Francisco.
Majors at Wharton
- Actuarial Science
- Business Analytics
- Business Economics and Public Policy
- Business, Energy Environment and Sustainability
- Entrepreneurship & Innovation
- Health Care Management
- Individualized Major
- Information: Strategy and Economics
- Insurance and Risk Management
- Marketing and Operations Management (Joint Major)
- Multinational Management
- Operations, Information and Decisions
- Organizational Effectiveness
- Real Estate
- Strategic Management
Degree Offerings at Wharton
Full-time MBA Program
International Studies (Lauder), Healthcare Management, Biotechnology, Design, Engineering, Environment, Law, Medical Sciences, Nursing, Social Work
Wharton/School of Advanced International Studies, Wharton/Harvard Kennedy School
Executive MBA Programs
Philadelphia, San Francisco
Clubs, Conferences & Competitions
Wharton students can get involved in extracurricular activities across more than 110 student-run organizations, including professional clubs, culture-based clubs, intramural athletic organizations, and community service and special interest associations. For example, the Wharton Global Health Volunteer Program sends volunteers to developing countries to consult on healthcare services. Meanwhile, the Mountaineering and Outdoor Club organizes outdoor activities such as hiking, camping and biking that are open to Wharton students, partners and faculty. Most MBA student activities are managed by the graduate program’s student government organization, known as the Wharton Graduate Association.
Each year, Wharton typically features over 25 conferences led by students. These include the Global Business Forums, the Annual Wharton Women in Business Conference, and the Restructuring and Distressed Investing Conference, among others. MBA students can also take advantage of Wharton’s competition offerings. For instance, the Wharton Startup Challenge has helped student entrepreneurs receive thousands of dollars in funding and national media coverage for over a decade.
The Wharton School is situated on the University of Pennsylvania campus in the University City neighborhood of West Philadelphia. The core of Wharton’s complex, Jon M. Huntsman Hall, was opened to students in August 2002. Nearly $140 million was spent on this facility, which includes 48 classrooms, 57 group study rooms, four teaching labs, two lounges, and several large spaces such as its 300-seat auditorium. MBA students can opt for on-campus housing at Penn’s graduate student buildings, though many decide to live in Philadelphia’s urban neighborhoods or suburbs.
Wharton’s MBA Career Management Team offers a multitude of resources for MBA students seeking employment, including career education programs and mock interviews. Wharton students benefit from one-on-one advising in addition to employer information sessions, on-campus recruiting and job fairs, and varied opportunities for engagement with alumni. Recruiting for summer internships begins during the Focused Recruiting Period in January, a weeklong session that takes place while first-years are still completing core courses, and on-campus recruiting for full-time positions starts up around the first week in October. Students can also go on international and domestic career treks hosted by student clubs and MBA Career Management to meet with firms in many industries.
Close to ninety-eight percent of the members of the Class of 2018 who sought employment after graduation had secured at least one job offer by the end of September 2018. The most popular post-MBA industry for 2018 graduates was financial services, with nearly 39% of the class joining such firms. Over 29% of graduates took jobs in the consulting industry. Technology, consumer products and retail, and healthcare were the next most common post-MBA industries, representing roughly 11%, 7% and 4% of the class, respectively. Graduates also found work in real estate, media and entertainment, manufacturing, energy, social impact and professional services sectors.
Over 15% of the Class of 2018 accepted positions outside of the U.S., with Asia, Latin America and Europe being the most popular non-U.S. locations. Thirty-seven percent of 2018 graduates took jobs in the Northeastern U.S., while the West and Mid-Atlantic welcomed 27% and 8% of the class, respectively. Approximately 4% of the class each accepted positions in the Southwest, South, and the Midwest.
The cost of tuition for the 2018 to 2019 academic year is $78,948, which includes the $2,000 pre-term fee. Wharton has posted a total cost of $111,900 for students’ first year of study, and this includes $8,112 spent on health insurance, $22,350 for room and board, $1,040 for transportation, and $1,450 for books, supplies, and miscellaneous costs. U.S. students and permanent residents qualify for federal and private loans, and Wharton recently established a partnership with Quorum Federal Credit Union that will allow international students to acquire a loan without a cosigner. Wharton also offers a variety of fellowships for which all admitted students are considered and no additional application is required. Students are notified of their acceptance and fellowship nomination concurrently.
Two-Year Program Tuition (per year)
- Tuition and Fees $78,948
- Room and Board $22,450
- Books, Supplies $1,450
- Transportation $1,040
- Health Insurance and Personal $8,112
- Total $111,900
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