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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, 37% of Wharton’s MBA class of 2019 found jobs 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

Below are the details on the Wharton MBA program’s class profile, cost of attendance, median salary. In terms of the 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 862
4 GMAT Range 500 – 790
5 Work Experience (Average) 5 years
6 Tuition Cost (per year) $78,948
7 Average Age 28
8 % Employed after graduation 98.4%
9 Median Salary $135,000

Wharton’s incoming class profile 2018

Wharton’s MBA incoming class of 2018 had students from 80 countries, which is the highest among the top US business schools. The number of female students also jumped to 43% from 39% in 2017. As far as the pre-MBA industry is concerned 27% of the incoming 2018 class came from consulting followed by 13% and 10% from PE/VC and technology respectively.

Here are the detailed statistics on the Wharton MBA incoming class of 2018.

Applications received

6,245

Enrolled

862

GMAT Scores (middle 80%)

500 – 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

43%

% of international citizens

33%

Pre-MBA industry of Wharton’s incoming class 2018

Below are the detailed statistics on the pre-MBA industry of Wharton incoming class of 2018.

Industry

Pre-MBA work experience

Consulting 27%
PE/VC 13%
Tech/Internet Services 10%
Investment Banking 9%
Nonprofit/Gov’t 9%
Diversified Financial Services 8%
Health Care 5%
Investment Management 5%
Consumer Packaged Goods/Retail 3%
Real Estate 2%
Energy 2%
Media/Entertainment 2%
Other 5%

Wharton MBA

Wharton’s 2018-2019 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 18, 2018 October 30, 2018 December 13, 2018
Round Two January 3, 2019 February 7, 2019 March 21, 2019
Round Three April 2, 2019 April 18, 2019 May 9, 2019

 

Wharton MBA employment and salaries

The maximum number of Wharton’s MBA graduates find employment in finance and other related industries. For the outgoing class of 2018, 37% of students accepted employment in finance and other related industries followed by 25% and 15% in consulting and technology respectively. Below are the employment statistics of the Wharton MBA outgoing class of 2018 by industry and function. The median salary was $135,000.

Wharton MBA – Employment by industry

Industry Percent accepts Median Salary
ALL Industries  $135,000
Consulting 25  $ 150,000
Consumer Products & Retail 6.2  $ 115,000
Energy 0.3
Financial Services 36.9  $ 130,000
Diversified Financial Services 2.3  $ 125,000
Hedge Funds/Other Investments 1.8  $ 162,000
Investment Banking/Brokerage 13  $ 125,000
Investment Management 6.7  $ 135,000
Private Equity/Buyouts/Other 11.4  $ 150,000
Venture Capital 1.7  $ 175,000
Health Care 5.8  $ 125,000
Health Care Services 2.7  $ 130,000
Pharmaceuticals/Biotechnology 2  $ 125,000
Manufacturing 2  $ 127,500
Media & Entertainment 1.5  $ 140,000
Media 1.2  $ 140,000
Professional Services 2  $ 180,000
Real Estate 4.2  $ 120,000
Social Impact 1.2  $   96,475
Technology Industries 14.9  $ 130,000
Computer Software 4.3  $ 128,000
Internet Services 8.4  $ 130,000

Wharton MBA

Wharton MBA – Employment by function

29.7% students of the Wharton MBA class of 2018 accepted offer in Consulting followed by Private Equity (12.5%) and Investment Banking (11.8%).

Function Percent accepts Median Salary
Analytics/Data Science 2.0  $ 128,500
Business Development 5.1  $ 128,000
Consulting/Strategy 29.7  $ 147,000
Corporate Finance (Analysis/Treasury) 2.5  $ 115,000
Entrepreneurial Management 0.8  NA
General/Project Management 5.7  $ 125,000
HR Management 0.5  NA
Investment Banking 11.8  $ 125,000
Investment/Portfolio Management 9.6  $ 140,000
Legal Services 2  $ 180,000
Operations/Production Management 2.9  $ 135,000
Private Equity 12.5  $ 150,000
Product/Brand Marketing 4.4  $ 120,000
Product Development/Structuring 3.9  $ 135,000
Real Estate 2.9  $ 112,500
Research 0.3  NA
Sales 0.7  NA
Other Function Not Listed 1.7  $ 120,000

Wharton MBA – Employment by location

The majority (88%) of the outgoing MBA class finds 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

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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