The Wharton School is the business school of University of Pennsylvania and was established as the first collegiate business school in 1881. This prestigious business school in US has played an important role in transforming the study of business from a trade to an intense and respected profession. The Wharton School programs are offered in 20 disciplines split into undergraduate, graduate, and doctoral programs. Students can choose from over 19 undergraduate concentrations, 19 MBA majors, and 9 doctoral programs. The school has awarded more than 200,000 certificates from Wharton Online, till date. This business school currently houses approximately 5,000 students from all across the world and has an international population of over 30% in Wharton School MBA course.
Wharton School admissions are available in 3 rounds throughout the year and have different deadlines for its varying range of courses. All the applicants are charged a nonrefundable application fee of 275 USD (for MBA). Wharton School is highly selective with an acceptance rate of merely 12%. Prospective students for Wharton MBA need to submit a GPA of 3.7+/4 (92%+) and a GMAT score of 733 or higher.
The Wharton School cost for studying for international students can go up to 94 lakhs per year including tuition fees and living expenses. The living cost can go up to 27 lakhs per year. To cut down the costs, there are a few Wharton School scholarships for international students granting up to 14 lakhs. Along with that, the school records a 96.8% employment rate in the MBA program. Average salary for Wharton graduates tends to be around 59.43 lakhs per year.
The Wharton School Rankings
- #1 in Best Business Schools by U.S. News in 2023.
- #2 for Executive MBA in Business School Speaciality rankings by U.S. News in 2023.
- #1 in MBA schools by Financial Times in 2022
The Wharton School Programs
- The school offers an array of courses for international students including undergraduate programs in over 19 disciplines, 19 MBA majors and a total of 9 doctoral programs. Explore: The Wharton School Courses!
- This deemed business school conducts special orientation seminars for students enrolled in any of the programs offered by this college.
- The institute provides 2 types of MBA courses including an MBA for full-time students and an MBA for executives.
- It also offers various dual-degree programs with various other renowned schools of University of Pennsylvania.
- It provides its students with a variety of Interdisciplinary programs- MA lauder or joint degrees.
- The school is also a member of Wharton-INSEAD Alliance which allows its candidates to cover one part of their education abroad at the partner university.
- Some of the popular majors at the institute include accounting, actuarial science, business analytics, business economics, business administration and public policy
The Wharton School Campus
Wharton School campus in Philadelphia is right on Locust Walk, the brick-lined pedestrian thoroughfare at the heart of the University of Pennsylvania. The Wharton school campus is also known for building close interactions across its numerous centers and is pretty large enough to offer world class facilities.
- There are over 100 student-run clubs and organizations which include concerts, academic honor societies and special interest groups on college campuses.
- The school launched the Student Life Space in Philadelphia's central business district which is a 20,000 square foot land comprising conference rooms, meeting rooms and over 20 group study rooms.
- Office of Student Like comprises various teams, whose aim is to look after the basic needs of the students including leadership development, housing options, public service, career exploration and community engagement and numerous others.
The Wharton School Accommodation
- The Wharton School provides students with several housing options in its residence halls. However, students can also opt for housing options outside the college campus.
- This Business School comprises 9 residence halls and various apartment communities.
- The Residence life offered by the college aims at encouraging personal development of students through in-hall programs offered by the college, academic and social activities and is also responsible for ensuring that students will get a perfect learning atmosphere.
- A large number of facilities such as laundry, recreation areas, common rooms, parking etc. are provided to students who stay on the campus of the college.
- Students, who wish to stay in any of the residence halls of the college are required to fill the housing application form available on the college’s official website and submit the same at the time of admission itself.
The Wharton School Admission
Wharton School currently has a total 2,500 student in its undergraduate programs, with 22% international students. MBA class of 2023 is made of total 897 students with 36% international students. The school represents 83 countries worldwide. Requirements for 2023 Wharton School admission are as follows.
The Wharton School Application Process
Application Portal: Visit the admissions page on the official website of the University of The Wharton School, USA and fill either the common application or coalition application form.
Application Fee: 75 USD (5,916 INR) for UG | 275 USD (21,691 INR) for MBA
Undergraduate Admission Requirements
- Official academic transcripts
- GPA: 3.6/4 (91%) on average
- SAT/ACT score (optional)
- English proficiency scores
- Letters of Recommendation – 2
- Passport
- Statement of purpose
MBA Admission Requirements
- Official academic transcripts
- Average GPA of 3.7/4 (92%)
- GMAT: 733 or higher
- English proficiency scores
- TOEFL iBT score: 80
- IELTS: 6.5
- LOR
- Health certificate
- SOP
- Resume for the ones with job experience/prior experience
- Passport
- 3 Essay
- Work experience
- Interview (additional)
The Wharton School Acceptance Rate
The Wharton School acceptance rate is 12% only for MBA class of 2023. Toal applications were 7,338 of which, only 897 were enrolled. The class comprises 36% international students representing 80+ countries worldwide. The school has 2,500 students in undergraduate programs with 22% international students.
The Wharton School Cost of Attendance
The Wharton School cost of attendance is made of tuition fees and living expenses. Students can expect the total expense for the MBA programs to be around 94 lakhs per year. For all the prospective candidates, an estimated budget for international students looking to study in the US has been tabulated below.
| Nature of Expenses | Cost in INR (First year) |
|---|---|
| Tuition Fee | 67.10 lakhs |
| Health Insurance | 3.18 lakhs |
| Room and Board | 18.05 lakhs |
| Books, Supplies & Personal | 5.36 lakhs |
| Transportation | 0.74 lakhs |
| Total Expense | 94.43 lakhs |
The Wharton School Scholarships
Numerous financial aids are available for international students at the institute in the form of awards and scholarships for international students to study in the USA. Students applying for MBA program are eligible for Wharton Fellowship programs.
| Fellowships/Scholarships | Grants |
|---|---|
| ROMBA Fellowship | Minimum 15.81 lakhs |
| Forte Fellowship | 19.47 lakhs |
| AAUW International Fellowship | 14.23 lakhs |
| MPower Global Citizen Scholarship | Up to 7.90 lakhs |
Some more fellowships are –
- Joseph Wharton Fellowship – Students with excellent academic and personal records are eligible.
- Prism Fellowship – Covers the tuition fees. Students from the LGBTQIA community are eligible.
The Wharton School Alumni
Alumni of the Wharton School are usually provided with various benefits including access to offers made by the Credit Union of the college, Alumni Debit Card, Alumni Select, free access to library and health & fitness services and many more.
A few notable alumni of the Wharton School, USA are as follows:
- Donald Trump – 45th US President
- Elon Musk – CEO of SpaceX
- Sundar Pichai – CEO of Alphabet
- Ivanka Trump – American Businesswoman
- Anil Ambani – Politician
The Wharton School Placements
The Wharton School, USA conducts numerous career fairs for its students which include Workshops, Creative Industries Career Fair, Placement Test, Teacher-Recruitment Fair, Career Link, Career Assessment Activities and many others for the betterment of students.
The median salary for graduates with an MBA from the institute is around 135,000 USD.
- More than 89% of the students get full-time employed after graduation.
- 92.3% of undergraduate students get full-time employment after completing their degree program.
- The median salary the undergraduate students receive is around 82,444 USD (65.83 lakhs).
- The average salary of Wharton graduate students is 74,434 USD (59.43 lakhs).
- Full-time MBA reported 99% full-time job offers and accepted 96.8%.
- MBA class of 2021 graduates get a yearly median salary of 155,000 USD (123.76 lakhs).
- Over 12.3% of full-time MBA jobs are offered outside of the U.S.
The top industries Wharton students get employment in are tabulated below with employment percentages.
| Industries | Employment Rate |
|---|---|
| Communication | 3% |
| Investment Banking | 32% |
| Consulting | 21% |
| Manufacturing | 3% |
| Technology | 11% |
| Finance | 18% |
Top companies from around the world come to Wharton for recruitment: Google, JP Morgan, Goldman Sachs, Amazon, Microsoft, Time Inc., McKinsey, and Blackstone. Most students take careers in brand management, financial management, investment banking, law, nonprofit management, technology, and private equity.
FAQs
Ques: Is the Wharton School hard to get into?
Ans: The Wharton School has a highly selective admission policy of 12.2%. Students have to submit their best scores in order to get enrolled in this business school.
Ques: Does Wharton School offer scholarships?
Ans: Yes. The Wharton School offers a number of fellowships and scholarships to its students. Mainly, the MBA students of this business school have a lot of options for scholarships to choose from.
Ques: Is Wharton a good business school?
Ans: The Wharton School has been declared as the best business school by two accredited organisations – Financial Times and U.S. News & World Reports. This school is known for its excellent education and placement opportunities.
Ques: What is the Wharton School famous for?
Ans: The Wharton School is mainly known for its MBA programs. Graduates of Wharton MBA has recorded a median annual salary of 155,000 USD (1.22 cr).
