Source: Wharton School
Wharton Business School Ranking, Review and Application Fees
The Wharton School falls under the University of Pennsylvania. It was founded in the year 1881. Its origin was marked by the charity that came in the form of the donation from Joseph Wharton; an American industrialist who was involved in manufacturing and mining. Hence, it was named after him. It is a given fact that Wharton is the US’ first collegiate school of business. In addition, it forms a part of the M7 group of elite MBA-programs. Under this very proud group, Booth, Chicago, Columbia, Harvard, MIT Sloan, and Stanford are mentioned. In addition, Wharton is hardly a studies-only school. This is because it provides students with several extracurricular activities. These activities include sports, clubs and other student-initiated events.
Wharton Business School – Location
The Wharton School in Philadelphia, Pennsylvania, is about 160 km to the south-west of New York. Philadelphia is a heritage site and marks the history of the great American Revolution. Seven Fortune 1000 companies are located in Philadelphia. Therefore, there is no surprise in the fact that Philadelphia is now an economic and education hub combined with the growth of universities in the city. Wharton students will get to satiate on world cuisine at Philly’s eclectic restaurants. In addition, there are several recreation options such as running, cycling, and riding trails at Fairmount Park, and fields and courts at Penn Park. In terms of the weather, the summers are usually hot and humid, the fall and spring are mild, whereas the winters are cold with varied snowfall. It turns to freezing temperatures by the first weeks of November and April. In addition, it rains here almost throughout the year, about 12 days a month.
Wharton Business School – Campus
The University of Pennsylvania is a private Ivy League university. It was established in 1740 as America’s first-ever university. The campus pans across 300-acre and is located in West Philadelphia. The Wharton campus falls on Locust Walk. Wharton’s Philadelphia campus contains four buildings—the Huntsman Hall (main building), Steinberg-Hall Dietrich Hall (academic departments), Vance Hall (graduate programs, administrative offices), and Lauder-Fischer Hall (international business teaching and research). Wharton’s San Francisco campus was established in 2001 for MBA students. On-campus housing facilities have a studio and two-bedroom apartments whereas the Off-campus housing is for the Center City as well as the University City. Wharton Students can commute on foot, by bike, and on public transportation network of buses, trolleys, and trains.
Wharton Business School – Ranking
FT places Wharton MBA at the third rank and Business Insider places it on the top rank for the efficiency of its MBA programs. US News and World Report refer to Wharton’s MBA as the best MBA program in the US. In addition, QS rates it as the fifth best b-school in the world.
Wharton Business School – Faculty
The Wharton faculty comprises of 225 members and lead 20 interdisciplinary research centers. Wharton’s professors have been Nobel Prize winners as well as researchers on industrial relations, marketing, insurance, pensions and retirement, finance, and administration.
Wharton Business School – Programs
Wharton’s MBA programs are the full-time MBA, MBA for executives, joint degree programs (MBA/MA) in international management and arts and sciences, MBA/law program, and MBA/public administration. It also has pre-college programs, undergraduate programs in economics, and dual-degree programs in international studies and business, management and technology, and life sciences and management. Among doctoral programs are accounting, management, applied economics, ethics and legal studies, marketing, and statistics. Executive programs feature for both individual candidates and organizations. Wharton runs the Wharton-INSEAD Alliance and Advanced International Studies.
Wharton Business School – Curriculum
Wharton’s MBA curriculum was revamped back in 2012, thereon its core curriculum comprises of six required core classes and a flexible core. The flexibility helps students to take up more electives in the first year in preparation for internship, and defer other electives to the second year. The fixed core includes leadership, marketing, microeconomics, economics, statistics, and management. Among the flexible core, topics are marketing, communications, macroeconomics, accounting, corporate finance, operations, and legal studies and business ethics.
Wharton Business School – Application Requirements
The application fee is $265 and the applications should comprise of two MBA essays. These are the candidate’s professional expectations from the course in about 500 words, and how they will contribute to the Wharton community, in about 400 words. Academic documents, GMAT or GRE and TOEFL or PTE scores, resume, and letters of recommendation from at least two people are needed.
Wharton Business School – Fee, Expenses
The first-year cost of attending the Wharton MBA rounds about to $110,000 (tuition and other fees $77,000, room and board $22,000; and miscellaneous $6,000 are included).
Wharton Business School – Scholarship Aid
Fellowship programs are offered to the students who have exceptionally high academic achievements, qualities of leadership and other qualities, and professional development qualities. The fellowship programs offered are the Joseph Wharton Fellowships, Forte Fellowships (for women students), Social Impact Fellowships, Emerging Economy Fellowships, and Wharton Fellowships for Current Students. Loans for international students with or without a US consignor are also available.
Wharton Business School – Admission statistics
You would be glad to know that there are over 6,679 applications for the Wharton MBA Class of 2018. However, only 851 students were finally enrolled, with students from 71 countries. Out of these, forty-six percent are of the undergraduate background in the humanities, 28 percent STEM, and 26 percent in business. The work experience range is from the zero to over 13 years (mean of about five years). In addition, the GMAT score range is 570-780 (mean comes to about 730).
Wharton Business School –
The Career Management helps the students with education and guidance to assist them in securing the jobs they want and aid them in building their career. The students are connected with over 650 companies, from Fortune 500 organizations to startups by the career team. It also provides several resources such as workshops, career counseling, research tools, information banks on companies and industries, recruiting, and lifelong alumni support.
Jobs after MBA/Employers
The MBA Class of 2016 (of over 850 students) recorded mostly full-time job offers for 98.3 percent of students. The most popular function choices were, by far, consulting/strategy (31.2 percent). As a job destination, US has been the most popular so far with 86.9 percent. The employers for the Wharton graduates for the year of 2015-16 have ranged from Accenture to J. P. Morgan to Zinga.
The annual base salary range for Wharton graduates of the batch of 2016 was from $27,600 to $250,000; with a median of around $125,000. The sign-on bonus range was $4,000-$175,000 (median $25,000), and the other guaranteed compensation range was $3,600-$175,000 (median $20,400).
Wharton’s alumni member network is about 95,000-strong in over 150 countries. In addition, it links 80 clubs worldwide. Most interestingly, a Wharton reunion is held on the campus annually.
There is a long list of notable alumni for Wharton’s which include Donald Trump, Elon Musk, Anil Ambani, Ruth Porat, Warren Buffett, Sundar Pichai, Aditya Mittal, William Wrigley Jr. II, etc.
Wharton’s MBA is even more special as compared to the others in the market because it has a flexible core. It is said that “the depth of 19 majors and the breadth of nearly 200 electives” which allow students the freedom to choose their course content as per choice. Wharton’s faculty has professors-cum-consultants to several businesses, government organizations, and nonprofits are also one of its main strengths.
Wharton School of Business is considered as one of the best B-Schools in the USA. Apart from quality education, the institution promises numerous job opportunities for the students. A great GMAT score and a good overall profile are required for you to be accepted into Wharton. Read here about the best ways to prepare for GMAT. Would you like to add any fact about Wharton School of Business? Please do so in the comments section below. Also, do share your suggestions and feedback.