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Wharton MBA program – Class of 2024 Profile, Employment Reports 2022, and Notable Alumni

Wharton MBA program – Class of 2024 Profile, Employment Reports 2022, and Notable Alumni
A 5 min read

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, 38.6% of Wharton’s MBA class of 2022 found employment in the finance industry. In this article, we have talked about all the general information about the Wharton School.

Before you move forward, watch the video below to know how can an Indian student get into the Wharton MBA program:

General trivia on Wharton School of Business

Wharton MBA program information
  • 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

DeanErika H.James

1000 Steinberg Hall – Dietrich Hall
3620 Locust Walk
University of Pennsylvania
Philadelphia, PA 19104Phone: +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 tuition fees, 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 BusinessNumbers
1Average GMAT733
2Average GPA3.6
3Class Size877
4Work Experience (Average)5 years
5Tuition Cost (per year)$84,874
6% of students reported job acceptance 99.4%
7Median Annual Salary$155,000
8Median Monthly Salary $9280

Getting into Wharton requires an envious GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge for yourself?

Wharton’s MBA class of 2024 profile

Wharton’s MBA incoming class of 2022 (class of 2024), 6,319 students applied out of which 877 were enrolled. The class of 2024 brings in a diversity of experiences and perspectives.

Here are the detailed statistics on the Wharton MBA class of 2024:

Applications received6,319
Enrolled877
Average GMAT Scores 733
Undergraduate GPA 3.6
Work Experience (Average)5 years
% of women in the class50%
% of international citizens35%

Pre-MBA industry of Wharton’s incoming class of 2024

Below are the detailed statistics on the pre-MBA industry of Wharton’s incoming class of 2024:

IndustryPre-MBA work experience
Consulting27%
PE/VC9%
Technology12%
Investment Banking8%
Nonprofit/Gov’t11%
Financial Services5%
Health Care5%
Investment Management7%
Energy2%
Media/Entertainment2%
Other9%
CPG 2%
Retail 1%

5-year Trends Wharton MBA Class Profile

S.NoWharton School of Business2020202120222023
1Average GMAT722733 733
2Average GPA3.88  3.6
3Class Size916754916877
4Work Experience (Average) 5 years5 years5 years
5Tuition Cost (per year/Single student)$76,580$77,500$84,874
6% of students reported job acceptance after 90 days93.5%99 % 
7Median Base Salary$150,000$155,000 
8Median Signing Bonus$30,000$30,000 

Wharton’s 2023-2024 MBA Application Deadlines

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 roundsApplication DeadlineInterview InvitesDecisions
Round OneSeptember 07, 2022October 25, 2022December 15, 2022
Round TwoJanuary 4, 2023February 17, 2023March 23, 2023
Round ThreeMarch 29, 2023April 13, 2023May 10, 2023
Deferred Admissions Round April 26, 2023May 25, 2023June 29, 2023

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 2022, 38.60% of students accepted employment in finance and other related industries followed by 24.3% and 16.9% in Consulting and Technology respectively. Below are the employment statistics of the Wharton MBA outgoing class of 2022 by industry and function. The median salary was $175,000.

Employment by industry

IndustryPercent acceptsMedian Salary
Consulting24.3%$175,000
Consumer Products1.6%$120,000
Energy1.00%$1,50,000
Financial Services38.6%$173,513
Hedge Funds/Other Investments2.0%$175,000
Insurance & Diversified Services1.8%$162,000
Investment Banking/Brokerage11.70%$175,000
Investment Management6.40%$170,559
Private Equity/Buyouts/Other12.60%$175,000
Venture Capital4.10%$150,000
FinTech2.30%$155,000
Future Mobility0.5%NA
Health Care5.60%$160,000
Legal & Professional Services0.9%$190,000
Manufacturing1.30%$155,000
Media, Entertainment & Sports1.30%$150,000
Real Estate2.30%$147,500
Retail2.5%$140,000
Social Impact1.30%$135,000
Technology16.90%$153,500

*Source of Data - Poets & Quants

Getting into Wharton requires an envious GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge for yourself?

Wharton MBA Class of 2022 – Employment by function

32.3% of students of the Wharton MBA class of 2022 accepted offers in Consulting followed by Private Equity (16.1%) and Investment Banking (11.2%).

FunctionPercent acceptsMedian Salary
Analytics/Data Science0.5%-
Business Development5.9%$160,500
Consulting/Strategy32.3%$175,000
Corporate Finance (Analysis/Treasury)1.1%$155,000
Entrepreneurial Management1.0%$162,500
General/Project Mgmt/Mgmt Development5.7%$160,000
Human Capital0.7%$135,500
Investment Banking11.2%$175,000
Investment Mgmt/Portfolio Mgmt6.7%$170,000
Legal Services0.7%-
Merchandising/Buying/Planning 0.4%NA
Operations/Production Mgmt/Supply Chain2.5%$165,000
Private Equity/Venture Capital - Investor 16.1%$175,000
Product/Brand Marketing3.8%$126,500
Product Management7.7%$160,000
Real Estate2.5%$150,000
Research0.3%NA
Restructuring0.2%NA
Sales0.7%$150,000
Sustainability/environment 0.2%NA
Other0.6%NA

Major Wharton employers

Below is the list of employers who hired more than 3 Wharton MBA students of the outgoing class of 2021.

  • 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

The 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

Getting into Wharton requires an envious GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge for yourself?

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