University of Pennsylvania

Program Basics

• • Wharton Full-Time MBA Program
  • Wharton School
  • 420 Jon M. Huntsman Hall
  • 3730 Walnut Street
  • Philadelphia, 19104, Pennsylvania
  • United States
  • Program Web site: http://www.wharton.upenn.edu/mba/admissions/index.cfm
  • Status: Private
  • Program e-mail address: mbaoperations@wharton.upenn.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,302
  • Full-Time MBA: 1,717
  • Executive MBA: 407
  • PhD Program: 178

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $114,488.00
  • Nonresident: $114,488.00
  • Recommended annual budget (Resident): $89,200.00
  • Recommended annual budget (Nonresident): $89,200.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Oct 3, 2011
  • Semester: Fall 2012
  • Deadline: Jan 4, 2012
  • Semester: Fall 2012
  • Deadline: Mar 5, 2012
• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 640

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 6,442
  • Applicants who were accepted to the most recent class: 19 %
  • Admitted applicants who enrolled in the newest class: 70 %
  • Applicant interviews are: Required
  • Admitted applicants who were interviewed: 100 %

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 44 %
  • International: 37 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 19 %
  • Europe: 7 %
  • North America: 66 %
  • Latin America and the Caribbean: 6 %
  • Oceania: 1 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 7 %
  • Asian American: 29 %
  • Hispanic or Latino American: 5 %
  • Multiethnic/Multiracial: 7 %
  • Native American: 0 %
  • White (Non-Hispanic): 50 %
  • Chose not to report: 2 %
  • Other: 0 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 31 %
  • Mid-Atlantic: 30 %
  • South: 6 %
  • Southwest: 5 %
  • Midwest: 7 %
  • West: 15 %
  • Possessions and territories: 0 %
• • Mean months of work experience of newest entering class: 24
  • Median months of work experience of newest entering class: 48

• Middle 80% range of work experience of newest entering class in months:

  • From: 36
  • To: 84
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? Yes

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (incoming class):

  • Average GMAT Score 720
  • 50th Percentile (median) 720

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 58
  • Average number of students in a full-time MBA elective class: 30
  • Elective courses available to full-time MBA students: 180

• Electives that have been added to the full-time program since June 30, 2010:

  • Mgmt of Crisis Relief Preparedness and Response
  • Global Supply Chain Mgmt
  • Finance of Buyouts & Acquisitions
  • Digital Game Design for Business
  • Social Impact and Responsibility: Foundations

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Real Estate
    • Supply Chain Management
    • Accounting
    • Human Resource Management
    • Leadership
    • Operations Management
    • Strategy
    • Economics
    • Organizational Behavior
    • Public Policy
    • International Business
    • E-commerce
    • Technology
    • Statistics and Operations Research
    • Actuarial Science
    • Insurance
  • Environmental and Risk Management

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MA (Arts)
    • MBA/March (Architecture)
    • MBA/JD (Law)
    • MBA/MD (Medicine)
    • Other
    • MBA/ME (Engineering)
    • MBA/MSN (Nursing)
    • MBA/PhD

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Entrepreneurship
    • Health Care Administration
    • Strategy
    • International Business

FACULTY

• • Faculty employed by the B-school: 478

• Full-time faculty:

  • Tenured: 155
  • Non-Tenured: 108

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 215

• Women on Faculty:

  • Tenured: 25
  • Non-Tenured: 94

• Minority Faculty:

  • Tenured: 17
  • Non-Tenured: 32

• International Faculty:

  • Tenured: 43
  • Non-Tenured: 60

• Faculty with PhDs:

  • Tenured: 155
  • Non-Tenured: 323

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Media & Entertainment

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 5 %
  • Lectures: 20 %
  • Simulations: 10 %
  • Team Projects: 25 %

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Other
  • Students must meet detailed academic requirements.

TECHNOLOGY

• • Technology improvements in the last three academic years: Wharton's connected learning technologies encompass a number of school-wide initiatives, including an iPad deployment across all first and second year Executive MBA classes, the development of all digital HD classrooms to enhance in classroom collaboration, an online community enabling connections between students and alumni along personal and professional interests, a Lifelong Learning platform, push button recording of classes for online viewing, and several large scale intensive simulations.
  • Amount spent: $17,500,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 40,656
  • Active MBA alumni clubs: 80
  • Countries in which MBA clubs exist: 43
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.alumniconnections.com/penn/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.whartonconnect.com
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 77 %
  • Graduates not seeking employment: 16 %
  • Graduates for whom you have no information regarding employment: 6 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: San Francisco, CA
  • Month: March 2011
  • Amount Paid By School: None
  • Destination: Los Angeles, CA
  • Month: January 2011
  • Amount Paid By School: None
  • Destination: New Delhi and Mumbai, India
  • Month: January 2011
  • Amount Paid By School: None
  • Destination: Hong Kong, China
  • Month: January 2011
  • Amount Paid By School: None
  • Destination: New York, NY
  • Month: December 2010
  • Amount Paid By School: None

• Primary source of job offer:

  • School-facilitated activities: 66 %
  • Graduate-facilitated activities: 25 %
  • No information provided by graduate: 9 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 88 %
  • Received first job offer in three months following graduation: 7 %
  • Received first job offer more than 3 months after graduation: 1 %
  • Did not report having received a job offer: 4 %
  • Accepted first job offer by graduation: 82 %
  • Accepted first job offer in three months following graduation: 3 %
  • Accepted first job offer more than 3 months after graduation: 9 %
  • Did not report having accepted a job offer: 6 %

• Top recruiting organizations most recent academic year:

  • McKinsey & Company 65
  • Boston Consulting Group 39
  • Bain & Company 27
  • Goldman Sachs & Company 15
  • Morgan Stanley 13
  • Accenture 11
  • Deloitte Consulting, LLP 10
  • Credit Suisse 9
  • Deutsche Bank 9
  • Booz & Company 8
  • Citi Institutional Clients Group 8
  • Johnson & Johnson 8
  • UBS Financial Services, Inc. 8
  • Fidelity Investments 7
  • Wells Fargo Securities 7
• • Job-accepting graduates who received a signing bonus: 67 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $118,029.00
  • Median base salary: $120,000.00
  • Mean signing bonus: $28,563.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $49,154.00
  • Median other guaranteed compensation: $30,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 34 %
  • Finance/Accounting: 47 %
  • General Management: 6 %
  • Human Resources: 0 %
  • Marketing/Sales: 8 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 1 %
  • Other: 4 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 30 %
  • Consumer Products: 7 %
  • Financial Services: 39 %
  • Manufacturing: 2 %
  • Media/Entertainment: 3 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 2 %
  • Pharmaceutical/Biotechnology/Health Care: 6 %
  • Real Estate: 3 %
  • Technology: 8 %
  • Other: 0 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 9 %
  • Europe: 4 %
  • North America: 80 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 5 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 41 %
  • Mid-Atlantic: 9 %
  • South: 3 %
  • Southwest: 4 %
  • Midwest: 4 %
  • West: 16 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • McKinsey & Company 38
  • Boston Consulting Group 29
  • Goldman Sachs & Company 24
  • Bain & Company 18
  • Credit Suisse 16
  • Microsoft Corporation 16
  • Amazon 15
  • J.P. Morgan 14
  • Morgan Stanley 14
  • Deutsche Bank 13
  • Google, Inc. 11
  • PIMCO 10
  • American Express Company 10
  • A.T. Kearney 8
  • Bank of America Merrill Lynch 7
• • Internships awarded that are paid: 94 %

• Weekly internship compensation:

  • Mean: $1,803.00
  • Median: $1,846.00

• • -Wharton has a fantastic leadership program with a solid social impact curriculum. I learned a lot, and because of the myriad of opportunities to practice leadership, my self-development over the past two years has been amazing.
    
    -I am coming out of Wharton armed not only with a degree from a prestigious school, but also, more importantly, with a toolbox of new skills and knowledge and a vast professional network of ambitious colleagues.
    
    -Wharton offers more than just a rigorous academic environment—the people (classmates, professors, etc.) have experiences that are just as, if not more, valuable than ‘textbook’ learning. That’s hard to replicate.
    
    -I was surprised that the curriculum was not as strong as I expected. I expected that the core courses would be a very efficient, integrated “Cliff’s notes” version of everything I needed to know about starting and running a business, but it’s not there. Offsetting my disappointment with the curriculum, however, was the opportunity to interact with students from around the world. My career plans are very US-centric, but I’m very happy that I’ve been able to learn so much about the rest of the world.
    
    -Philadelphia is a wonderful city that is very affordable allowing me to control living expenses for the two years. The Wharton program is also very unique and the resources at Wharton are unsurpassed.
    
    -Wharton has a reputation for being a quantitative powerhouse, which I believe to be true, but the students are not mere quant-jocks. I got a well-rounded MBA experience and had an incredible amount of fun in the process.
    
    -Wharton needs help with branding because it cannot leverage its undergrad institutions the way Harvard and Stanford can. Wharton appeared to be very academic and quantitative before I arrived at school but during my experience, I have pursued so many leadership and student life activities that were above and beyond my expectations.
    
    -Wharton is a fantastic program with a huge variety of options for incoming students from all different types of backgrounds. It's a great place to figure out what you want to do after graduating.
    
    -The program certainly prepares an individual academically, and provides a good platform from which to launch/change careers. The program certainly has issues and problems that could make the experience much better, but I am sure that every program has things that it could do better. In short, the experience was enjoyable, met my expectations (not exceeded), I learned a lot, met interesting people, and had the opportunity to change careers
    
    -Wharton gives you a vast number of opportunities through a diverse set of academic and extracurricular programs. You learn not only financial techniques and norms heavily emphasizing sound ethics, but also brand-new marketing concepts and practical tools and leadership skills.
    
    -Wharton provided the best mix of diversity that I could ever ask for. I began to understand the international flavor of business when my colleagues discuss the different business drinking etiquette in different countries: from tea in Japan to tequila in Mexico. Wharton also provided a remarkably broad range of challenging coursework, extracurricular experiences, and unique opportunities that allowed me to gain a fuller perspective on the business world and life. I wish all my friends could learn from my experiences during my time here.
    
    -Wharton's Health Care Management Program is outstanding. If you want to start a career in health care, the network of alumni, combined with the academics makes for a great springboard from which to begin your career.
    
    -Wharton is rigorous and analytical. It teaches students to use data to think critically about business issues. It attracts top talent. Peers challenge one another to think broader but in a collaborative not competitive way. The academic, career and social aspects exceeded all my expectations and I would highly recommend it to anyone.
    
    -I would not recommend Wharton for those seeking a purely general management position, however. The course offerings and expectations of employers (and companies interviewing on campus) are few.
    
    -Wharton is extremely open and accepting to people that are changing careers, and they work overtime to help you choose a path. The support from other students, clubs, and career services through the recruiting process is also a huge benefit for career switchers.
    
    -The tangible, practical, “learning by doing” is what sets Wharton apart in my mind. Wharton's core blends both higher-level strategic thinking and leadership training with a real, tangible, impactful toolkit of quantitative skills.
    
    -If people are interested in real estate, there is no better school than Wharton. The combination of education/academics, alumni network and opportunities are unsurpassed.
    
    -One word: BRAND. I may have been happier elsewhere–it's not as much of a “country club” as other programs–but I made a wise investment in the future. A Wharton MBA will pay long after graduation.