University of Pennsylvania
The Wharton School
Getting In
SCHOOL BASICS
1000 SH-DH
3620 LocustWalk
Philadelphia
19104
Pennsylvania
United States
School based in:
U.S.
Status:
Private
Graduate business school is accredited by:
AACSB International
Years in which the following programs were founded:
Full-time MBA: 1921
Undergraduate business program: 1881
Executive MBA: 1971
PhD program: 1921
ENROLLMENT
Total graduate business school: 2040
Full-time MBA: 1640
Executive MBA: 400
PhD program:
187
Doctorate of Business Administration: N/A
MS: N/A
MSA: N/A
Other: N/A
Undergraduate business school:
2477
Graduate degree programs:
Other graduate degree programs:
N/A
PROGRAM BASICS
Address: 420 Jon M. Huntsman Hall
3720 Walnut Street
City: Philadelphia
Pennsylvania
United States
Program Web site:
Program e-mail address:
PROGRAM LENGTH
Full-time program (months):
18
PROGRAM COSTS
Total direct costs (tuition and required fees) of the entire MBA program:
Resident : $ 99,444
Nonresident : $ 99,444
Recommended annual budget (Resident): $ 143,896
Recommended annual budget (Nonresident): $ 143,896
CLASS PROFILE
Full-time students in newest entering class (2007-08) that are:
Female: 37 %
International: 45 %
Married: 23 %
U.S. students only:
African American: 5 %
Asian American: 15 %
Hispanic or Latino American: 4 %
Multiethnic/Multiracial: 2 %
Students from following regions:
Africa : 2 %
Asia: 25 %
Eastern and Central Europe and Central Asia: 1 %
Latin America and the Caribbean: 6 %
Middle East: 2 %
North America: 56 %
Oceania : 1 %
Western Europe: 6 %
Entering North American citizens by region:
U.S.: 100 %
Northeast: 41 %
Mid-Atlantic: 21 %
South: 9 %
Southwest: 4 %
Midwest : 6 %
West: 20 %
Possessions and territories: 0 %
Mean : 712
Median : 710
Applicants required to take the GMAT?
Yes
Middle 80% range GMAT scores:
From:
660
To:
760
ADMISSIONS
Is proficiency in English required for admission?
Yes
Is a minimum score on an English language proficiency test required?
No
Which English language proficiency tests are accepted?
TOEFL Computer Based
TOEFL Internet Based Test
TOEFL Paper-based Test
Relative importance: Application Elements
GMAT Score:
important
Resume/Work Experience:
important
Application Essays:
important
Interviews:
important
Recommendations:
important
Undergraduate Transcripts:
important
CLASS PROFILE
Mean months of work experience of newest entering class:
70
Median months of work experience of newest entering class:
70
Middle 80% range of work experience of newest entering class in months:
From:
48
To:
96
New entrants with one year or less of work experience:
1 %
Mean age of entering class:
29
Median age of entering class:
28
APPLICANTS
Applications (admitted and denied) to the newest class:
6649
Applicants who were accepted to the most recent class:
18 %
Admitted applicants who enrolled in the newest class:
67 %
Applicants who were re-applicants from prior years:
10 %
Applicant interviews are:
By invitation only
Admitted applicants who were interviewed:
100 %
ADMISSIONS
Does the program have rolling admissions?
No
FINANCIAL AID
Full-time MBAs apply for financial aid through:
Dedicated financial aid office at the B-school
Full-time MBAs applied for financial aid for the current academic year:
87 %
Full-time MBAs receiving financial aid through school:
Institutional Scholarships: 10 %
Assistantships: 67 %
Mean MBA financial aid package for the current academic year:
64948
On what basis are scholarships awarded?
a combination of need and merit
Full-tuition scholarships school will award during the upcoming academic year:
10
How does an applicant apply for scholarship consideration?
all candidates are considered for scholarship
Did scholarship remained the same or grow in second year?
95 %
Guaranteed loan regardless of nationality:
No
Mean outstanding debt among the most recent graduates from the full-time MBA program:
$ 92,000
Academics & Lifestyle
FACULTY
Full-time faculty employed by the B-school:
240
Adjunct or visiting faculty:
143
Permanent/tenured professors:
135
Tenured faculty who are women:
18 %
Tenured faculty who are underrepresented minorities:
2 %
TECHNOLOGY
Is there a wireless network in main B-school buildings?
Yes
Technology improvements in the last three academic years:
A new student Technology Advisory Board works with Wharton staff to shape future IT initiatives. The latest version of Wharton's award-winning SPIKE student intranet includes social networking features for students to quickly get to know each other. Wharton's webCafe provides a collaborative environment for coursework as well as student clubs and organizations. Experiential learning simulations are used throughout Wharton's curriculum to challenge students inside and outside the classroom.
CLASS OFFERINGS
Average students in a full-time MBA core class:
57
Average students in a full-time MBA elective class:
39
Elective courses available to full-time MBA students in the 2006-07 academic year:
171
Year of last major change or significant overhaul to the core curriculum:
<2000
Concentrations and specializations offered to full-time MBA students:
Accounting
Actuarial Science
E-commerce
Entrepreneurship
Finance
Health Care Administration
Human Resource Management
Insurance
Marketing
Operations Management
Public Policy
Real Estate
Strategy
Joint-degree programs offered to full-time MBAs:
MBA/JD (Law)
MBA/MA (Arts)
MBA/March (Architecture)
MBA/MD (Medicine)
MBA/ME (Engineering)
MBA/MSN (Nursing)
MBA/PhD
Other
Does the school offer an accelerated full-time MBA program?
No
The school believes that its leading areas of study for full-time MBA students are:
Entrepreneurship
Finance
Health Care Administration
Marketing
Strategy
TEACHING/ACADEMICS
Requirements for graduation:
STUDENT LIFE
Professional clubs available to full-time MBA students:
Biotech/Health care
Consulting
Corporate Social Responsibility/NetImpact
Entrepreneurship
Finance
High Tech
Investment Banking
Manufacturing
Marketing
Media & Entertainment
VC/ Private Equity
Other
Networking clubs available to full-time MBA students:
Black MBA Association
Gay/Lesbian/Bisexual
Hispanic Student Organization
International Club
Partners/Family
Volunteer
Wine
Women in MBA
Other
Alumni Affairs & Careers
ALUMNI
Living MBA alumni:
38313
Active MBA alumni clubs
80
Countries in which MBA clubs exist
40
Did school receive an individual gift in excess of $10 million in past academic year?
No
The business school's total endowment as of June 30, 2007
$ 691,000,000
Does the main university have an alumni networking Web site?
Yes
University alumni networking site:
Does the main university offer career placement services for alumni?
Yes
Does the B-School have an alumni networking site:
Yes
Business school alumni networking site:
Do current MBA students have access to an alumni database?
Yes
CAREER SERVICES
Graduates seeking full-time professional MBA employment: 92 %
Graduates not seeking employment: 6 %
Graduates for whom you have no information regarding employment: 2.5 %
Annual job-searching trips that the school coordinates or participates in:
Destination: London
Destination: Los Angeles
Destination: New York
Destination: Philadelphia
Destination: San Francisco
Top recruiting firms and the number of full-time MBAs hired in the past 12 months:
Company/No. Hired: McKinsey 56
Company/No. Hired: Boston Consulting Group 47
Company/No. Hired: Bain and Company 32
Company/No. Hired: Goldman Sachs and Company 29
Company/No. Hired: Morgan Stanley 25
Company/No. Hired: Google Inc 18
Company/No. Hired: Lehman Bros. Holdings Inc. 18
Company/No. Hired: Citigroup, Inc. 17
Company/No. Hired: J P Morgan Chase and Co. 14
Company/No. Hired: Merrill Lynch and Co. Inc. 13
Company/No. Hired: Booz Allen Hamilton 11
Company/No. Hired: Credit Suisse Group 11
Company/No. Hired: Deutsche Bank 11
Company/No. Hired: UBS AG 11
Company/No. Hired: Microsoft Corporation 10
Mean base salary for most recent graduates: $ 110,550
Median base salary for most recent graduates: $ 110,000
Mean signing bonus for most recent graduates: $ 25,793
Median signing bonus for most recent graduates: $ 20,000
Job-accepting graduates who received a signing bonus:
78 %
Graduating students who accepted jobs in the following functional areas:
Consulting: 32 %
Finance/Accounting: 52 %
General Management: 4.2 %
Human Resources: 0.3 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 7.7 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 1.3 %
Other: 3 %
Graduating students who accepted jobs in the following industries:
Government (Federal, State, Local, Military): 0.3 %
Consulting: 27 %
Consumer Products: 4.5 %
Financial Services: 48 %
Manufacturing: 1.2 %
Media/Entertainment: 1.6 %
Non-Profit: 0.5 %
Petroleum/Energy: 1.2 %
Pharmaceutical/Biotechnology/Health care Products: 4.3 %
Real Estate: 4.2 %
Technology: 7.1 %
Other: 0 %
Graduates who accepted full-time jobs in the following regions:
Africa: 0.3 %
Asia: 8.1 %
Eastern and Central Europe and Central Asia: 0.6 %
Latin America and the Caribbean: 1.2 %
Middle East: 0.1 %
North America: 0 %
Oceana: 0 %
Western Europe: 7.4 %
Within North America, graduates who accepted full-time jobs in the following regions:
Northeast: 47 %
Mid-Atlantic: 7.5 %
South: 4.2 %
Southwest: 3.3 %
Midwest: 3.9 %
West: 16 %
Possessions and territories: 0 %
Canada: 0 %
Top Companies - Internships:
Company/No. Hired: Boston Consulting Group 34
Company/No. Hired: Goldman Sachs and Co. 33
Company/No. Hired: Merrill Lynch and Co., Inc. 31
Company/No. Hired: Bain and Company 26
Company/No. Hired: J P Morgan Chase and Co. 25
Company/No. Hired: McKinsey and Co. 25
Company/No. Hired: Morgan Stanley 25
Company/No. Hired: Lehman Bros. Holdings Inc. 20
Company/No. Hired: Google, Inc. 18
Company/No. Hired: Deutsche Bank 17
Company/No. Hired: Citigroup, Inc. 14
Company/No. Hired: USB AG 14
Company/No. Hired: Credit Suisse Group 12
Company/No. Hired: Accenture 10
Company/No. Hired: Barclays Bank PLC 10
Average internship length in weeks:
11
Graduate Comments
Wharton's greatest strength lies in its culture. The school has the most rigorous academic curriculum and therefore the graduates are probably the best prepared and trained MBAs. Despite this, however, Wharton students and alumni are humble, well-rounded, and fun -- distinguishing them from graduates of other top MBA programs. --Venture Capital/Private Equity
Wharton's MBA program is outstanding. It is bound to bring out the best in almost anyone, yet the environment is an extremely introspective one. It is not just about academics with great professors and classmates, it's about becoming a better leader, professional and individual. --Investment Banking
It’s important to have some math skills, because Wharton is heavily quantitative. --Marketing
Exceptional people, great balance between academics, Wharton name goes a long way to credibility with employers. --Venture Capital/Private Equity
Wharton was an absolutely unbelievable experience. The intellectual power of the school, the people I've met and the things I was able to do ensured that I am not the same person that entered Wharton in August 2004. --Consulting
Great people-- very down to earth. Many people with similar interests; they push you to become a better, stronger, more knowledgeable candidate. At the same time, environment is not overly competitive-- no backstabbing. It is a great place to make contacts and meet people. Investment Banking
At Wharton one can get a very unique and very intense experience with tremendously diverse activities and opportunities to accommodate many different interests and directions for exploration. You can really stretch yourself here if you want to. You can have a lot of fun too. I believe the depth of experience and learning at other schools is more superficial and less personalized. Consulting
The benefits of this MBA program are immediate. The learning, the exposure to senior management teams, the access to future employers, the strong faculty all contribute strongly to dramatically improving one's career choices and opportunities.--Investment Banking
I developed as a leader, was exposed to a rigorous curriculum and leave approaching business in a more thorough and integrated way.--Venture Capital/Private Equity
I consider what I have gained, all in terms of social capital, maturity, academic learning, and exposure to countless high caliber leaders - truly unique to the program and school I have chosen.--Finance
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