The University of Pennsylvania is a private college based in Philadelphia, PA, with a total undergraduate enrollment of 10,019. The university is ranked as the #8 national university according to US News and World Report. The Wharton School offers a high quality MBA and other graduate business programs. Wharton was the first business school in the US and also has the largest alumni network.
Wharton is one of the most-recognized names in business education
The Wharton School is one of the most famous names in business education today. A Wharton MBA will provide you with the business and leadership skills that will help you to reach your highest business goals. The Wharton MBA regularly ranks as one of the best MBAs for full time job offers and earnings after 20 years. It is estimated that Wharton graduates will earn nearly $3 million over a 20 year career, just behind Harvard and Stanford at a bit over $3 million each.
More than 650 companies have made formal job offers to Wharton MBA graduates in recent years. The median starting salary is $125,000 per year. The school also reports at more than 98% of graduates had full time job offers at graduation.
Wharton has one of the largest and best alumni networks
Wharton alumni are well known for interacting with each other at all stages of their career, from mentoring to supporting new graduates to helping each other to advance up the career ladder.
The online community at Wharton is called WhartonConnect and provides current students and alumni an efficient way to find colleagues in most fields. You can use this system to find information about different jobs and industries, to communicate with other alumni, and find job contacts.
Wharton MBA graduates have high employment rates and high salaries
According to school data, 98.4% of students had full time job offers at graduation and 95% were accepted. The yearly compensation was as high as $300,000 and the median was $125,000.
Regarding internships during college, 100% of students who sought an internship got one, with a median monthly compensation of $8000. Internships last year were most common in these sectors:
- Financial services
- Consumer products/retail
- Social impact
- Media and entertainment
- Real estate
MBA can be completed in 20 months
The full time MBA can be completed in 20 months, which includes a 3.5 month internship that is highly recommended. The fact that the MBA can be completed in less than two years is great for people who want to get out of school as soon as they can.
Wharton is accredited by the AACSB
The Wharton Business School has been accredited by the AACSB, which is one of the most-respected business education accreditation agencies. You will know that the MBA you hold is of the highest quality and has been accredited by the most respected accreditation agency in the world for business programs.
Wharton features an executive MBA program
If you are a highly experienced executive, you can earn an executive MBA that is designed for professionals with 10 or more years of experience. This degree can be earned on a part time basis for busy professionals.
Least Favorite Features
No online MBA available
As is common with many top level MBAs, there is no online MBA program available. You cannot earn an MBA at Wharton unless you can take classes at its campus in Philadelphia. If you want to take courses from home, you will have to settle for lesser known and less highly regarded MBAs.
MBA cost with housing can top nearly $200,000
A Wharton MBA is highly prestigious, and it should be because the final cost of this highly rated MBA can be $200,000. If you were to get a job that paid under $100,000 to start, you could have difficulty paying off your debt.
GMAT scores are required
As with most highly rated MBAs, you must submit GMAT scores at Wharton to be considered for admission.
Admission is selective
It is good that the Wharton MBA program is selective in a way because it means you are in a very rigorous program with excellent students and professors. But getting into the program is tough; there were 6692 applications last year and only 863 admitted.
5 years of business experience is average
For the regular MBA, admitted students have only five years of experience on average. Student bodies with more business experience can be better sources of information and networking for other students.
- Founded in 1740
- Application deadline: Jan. 5
- Application fee: $75
- School type: Private
- Term Schedule: Semester
- Location: Philadelphia PA
- Student-faculty ratio: 6:1
- MBA – $136,085 for tuition, estimated total budget is $195,000
- Master of Business Administration
- Actuarial science
- Business analytics
- Business economics and public policy
- Environmental and risk management
- Healthcare management
- Information: strategy and economics
- Insurance and risk management
- Marketing and operations
- Multinational management
- Organizational effectiveness
- Real estate
- Strategic management
- 4 year graduation rate is 85%, which is above average
- 50% women and 50% men in entire school
- At Wharton, 6692 students applied in 2017 and 1287 were accepted
- MBA class has average of five years of work experience; 73 countries represented, 43% female, 32% international students, 30% US students of color
Graduation and Retention Rates
- 74% four year graduation rate, which is above average
US News Rankings
- National universities: 8
- Best value schools: 13
- High school counselor rankings: 11
- Business schools: 3