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Wharton MBA program – Class of 2021 Profile, Employment Reports, and Notable Alumni

University of Pennsylvania’s Wharton School of Business was founded in 1881 by Joseph Wharton and is the oldest US business school. Wharton MBA program is consistently ranked as one of the top 3 business schools in the world. In fact, Forbes has been consistently ranking Wharton School of Business as the number 1 business school. Wharton MBA program is known for its rigorous finance curriculum. In fact, 36% of Wharton’s MBA class of 2019 found employment in the finance industry. In this article, we have talked about all the general information of the Wharton School.

Wharton Business School MBA Program - Class Profile, Career and Employment Outcomes

Here is the outline of the article:

General trivia on Wharton School of Business

Wharton MBA
Joseph Wharton, founder of the Wharton School
  • The Wharton School was called the ‘Wharton School of Finance and Economy’ from 1881 to 1901 and the ‘Wharton School of Finance and Commerce’ from 1902 to 1971.
  • Wharton began awarding MBA degree in 1921.
  • Wharton Professor Simon Kuznets work on creating and analyzing data on national output, prices, investment, and capital stock laid the foundation for measuring the GDP and GNP. He won the Nobel prize in Economics in 1971.
  • Wharton professor George W. Taylor is credited with founding the academic field of study known as industrial relations. He was known as the industrial peacemaker and settled more than 2000 strikes.
  • Wharton professor Solomon S. Huebner is known widely as “the father of insurance education.” He originated the concept of “human life value”, which became a standard method of calculating insurance value and need.
  • According to this US News article, Wharton has produced the third most CEOs of the top 100 companies on the Fortune 500 list.
  • According to this Forbes article, Wharton has produced the most billionaires in the US.

General information on the Wharton School

Location – Jon M. Huntsman Hall, 3730 Walnut Street, Philadelphia, PA 19104

Wharton MBA

DeanGeoffrey Garrett

Admissions Office – The Wharton School, University of Pennsylvania, Vance Hall, Suite 111, 3733 Spruce Street, Philadelphia, PA 19104
Phone: +1-215-898-6183
Fax: +1-215-898-0120
Email: mba-admiss@wharton.upenn.edu

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Wharton MBA program – Class profile, cost of attendance, median salary – Class of 2021

Below are the details on the Wharton MBA program’s class profile, cost of attendance, median salary. In terms of tuition fee, the Wharton MBA is the most expensive MBA program. Here is the list of the total cost (tuition fee + living expenses) of top MBA programs across the world.

S. No. Wharton School of Business Numbers
1 Average GMAT 732
2 Average GPA 3.6
3 Class Size 856
4 GMAT Range 540 – 790
5 Work Experience (Average) 5 years
6 Tuition Cost (per year) $81,378
7 Average Age 28
8 % Employed after graduation 98.5%
9 Median Salary $150,000

 

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Wharton’s MBA class of 2021 profile

Wharton’s MBA incoming class of 2019 (class of 2021) has students from 52 countries, which is one of the highest among the top US business schools. The number of female students slightly jumped to 44% in 2019 from 43% in 2018. As far as the pre-MBA industry is concerned 25% of the class of 2021 class came from Consulting followed by 12% and 12.8% from PE/VC.

Here are the detailed statistics on the Wharton MBA class of 2021:

Applications received

5,905

Enrolled

856

GMAT Scores (middle 80%)

540 – 790

Undergraduate GPA (middle 80%)

3.2 – 3.9
Work Experience (middle 80%)

3 – 15 years

Average age (middle 80%)

25 – 31

% of women in the class

44%

% of international citizens

30%

Pre-MBA industry of Wharton’s incoming class 2018

Below are the detailed statistics on the pre-MBA industry of Wharton incoming class of 2019

Industry

Pre-MBA work experience

Consulting 25%
PE/VC 12%
Tech/Internet Services 9%
Investment Banking 9%
Nonprofit/Gov’t 9%
Other Financial Services 6%
Health Care 5%
Investment Management 5%
Consumer Packaged Goods/Retail 4%
Energy 3%
Media/Entertainment 3%
Other 10%

Wharton’s 2019-2020 MBA Application Deadlines

Wharton School of Business acceptance rate was 19.2% for 2018 admissions. The admission process is highly competitive and we recommend applying either in Round 1 or Round 2. Click on the links to know Wharton’s advice to International students, and reapplicants.

Here are the details on the application deadlines for Round 1, Round 2, and Round 3 of Wharton MBA admissions.

Wharton admissions rounds

Application Deadline Interview Invites

Decisions

Round One September 17, 2019 October 29, 2019 December 18, 2019
Round Two January 7, 2020 February 13, 2020 March 26, 2020
Round Three April 1, 2020 April 16, 2020 May 8, 2020

Wharton MBA employment and salaries – Class of 2019

The maximum number of Wharton’s MBA graduates find employment in finance and other related industries. For the outgoing class of 2019, 35.8% of students accepted employment in finance and other related industries followed by 25.1% and 14.9% in Consulting and Technology respectively. Below are the employment statistics of the Wharton MBA outgoing class of 2019 by industry and function. The median salary was $150,000.

Wharton mba class of 2019 employment report

Wharton MBA Class of 2019 – Employment by industry

Wharton mba class of 2019 employment by industry

Industry Percent accepts Median Salary
Consulting 25.1 $165,000
Consumer Products 3.4 $117,500
Food/Beverage 2.1 $121,000
Other/Diversified Products 1.3 $112,500
Energy 0.3
Financial Services 35.8 $150,000
Hedge Funds/Other Investments 2.4 $150,000
Insurance & Diversified Services 1.8 $125,000
Investment Banking/Brokerage 11.8 $150,000
Investment Management 4.6 $142,500
Private Equity/Buyouts/Other 11 $167,500
Venture Capital 4.2 $150,000
FinTech 1
Future Mobility 1.8 $127,000
Health Care 4.3 $137,500
Pharmaceuticals/Biotechnology 1.3 $135,000
Services 1.6 $132,500
Legal & Professional Services 1.9 $190,000
Manufacturing 2.4 $125,000
Media, Entertainment & Sports 1
Real Estate 3.2 $127,500
Retail 3 $120,000
Social Impact 1.4 $115,000
Technology 14.9 $135,000
Travel & Hospitality 0.5

Wharton MBA Class od 2019 – Employment by function

32.2% of students of the Wharton MBA class of 2019 accepted offer in Consulting followed by Private Equity (13.4%) and Investment Banking (11%).

Wharton mba class of 2019 employment by function

Function Percent accepts Median Salary
Analytics/Data Science 1.4 $140,000
Business Development 3.7 $136,000
Consulting/Strategy 32.2 $152,500
Corporate Finance (Analysis/Treasury) 1.6 $130,000
Entrepreneurial Management 1
General/Project Mgmt/Mgmt Development 5.6 $125,000
Human Capital 0.3
Investment Banking 11 $150,000
Investment Mgmt/Portfolio Mgmt 9.2 $150,000
Legal Services 1.8 $190,000
Operations/Production Mgmt/Supply Chain 3.1 $130,000
Private Equity 13.4 $165,000
Product/Brand Marketing 3.9 $124,200
Product Management 6.4 $139,000
Real Estate 2.7 $130,000
Research 0.5
Restructuring 0.3
Risk Management 0.2
Sales 0.5
Other 1.6 $146,000

Wharton MBA Class of 2019– Employment by location

The majority (87.7%) of the outgoing MBA class found employment in the United States itself. Post-MBA salaries are also higher in the US as compared to Asia, Europe, and Latin America.

Wharton mba class of 2019 employment by location

 

Major Wharton employers

Below is the list of employers who hired more than 3 Wharton MBA students of the outgoing class of 2018.

  • Accenture Strategy
  • Amazon
  • Apple
  • Bain & Company
  • Bank of America Merrill Lynch
  • Boston Consulting Group
  • Credit Suisse
  • Deloitte Consulting, LLP
  • Deutsche Bank
  • EY Strategy
  • Facebook
  • Goldman Sachs & Company
  • Google, Inc.
  • IBM
  • J.P. Morgan
  • LinkedIn
  • McKinsey & Company
  • Microsoft
  • Novartis AG
  • PepsiCo
  • Tesla Motors
  • World Bank Group

Wharton School of Business – Notable Alumni

Wharton Business School, Wharton MBA Program - Notable Alumni

The Wharton School of Business has over 98,000 alumni in more than 150 countries. Here is a list of the notable alumni of the Wharton School.

  • Warren Buffett, CEO of Berkshire Hathaway
  • Elon Musk, founder and CEO, Paypal; CEO and CTO, SpaceX, CEO and Product Architect, Tesla Motors
  • Sundar Pichai, Google CEO
  • Ruth Porat, CFO of Alphabet, the parent company of Google
  • John Sculley, president of PepsiCo (1977–1983), CEO of Apple (1983–1993), partner at Sculley Brothers, LLC (1995–present), co-founder of Zeta Interactive (2007-present)
  • Leonard Lauder, CEO, and chairman, Estée Lauder
  • Ronald Perelman, chairman, and CEO of MacAndrews & Forbes Group
  • Anil Ambani, chairman, Reliance Group
  • Ayman Asfari, British-Syrian billionaire, CEO of Petrofac
  • C. Robert Henrikson, chairman, president, and CEO, MetLife
  • Vernon Hill, founder, chairman, and CEO, Commerce Bank
  • Henry Jackson, founder, and CEO of Merchant Equity Partners
  • Robert S. Kapito, founder and president, BlackRock (world’s largest asset manager)
  • Vivek Kulkarni, founder, and MD, Brickwork Ratings

Other MBA programs you should consider

Following are some other schools that are a close match to Wharton in terms of GMAT and GPA, age and work experience. We have listed the programs by stretch, match, and safety. Note that these options are presented on the basis of the schools’ brand image and ranking status as a general yardstick.

Stretch Schools: HarvardStanford
Match Schools: Booth, ColumbiaKellogg
Safety Schools: MIT Sloan, Duke Fuqua, NYU Stern, Yale SOM

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