The University of Pennsylvania is a world renowned private Ivy League research university, founded in 1740. The school is located in Philadelphia, Pennsylvania. There are six schools and colleges within the main university , including the Wharton School of business. This is one of the top schools for both undergraduate and graduate studies. Over 9,000 students are enrolled within it’s campus each year.

The Wharton School of the University of Pennsylvania (/ˈhwɔːrtən/ WHAWR-tən; also known as Wharton Business School, the Wharton School, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia, Pennsylvania. Considered one of the most prestigious business schools in the world, the Wharton School is the world’s oldest collegiate business school, and was established in 1881 through a donation from Joseph Wharton.^[3]

The Wharton School awards Bachelor of Science in Economics degrees at the undergraduate level and Master of Business Administration degrees at the postgraduate level, both of which require the selection of a major. Wharton also offers a doctoral program and houses, or co-sponsors, several diploma programs either alone or in conjunction with the other schools at the university.^[4]

Wharton’s MBA program is ranked No. 2 in the World according to the Financial Times^[5] and No. 1 in the United States according to the 2021 U.S. News & World Report ranking.^[6] Meanwhile, Wharton’s MBA for Executives and undergraduate programs are ranked No. 3 and No. 1 in the United States respectively by U.S. News.^[7][8] MBA graduates of Wharton earn an average $159,815 first year base pay

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The Wharton School University Of Pennsylvania Ranking

• The Wharton School, USA is ranked 5th in terms of Best US Business Schools 2021 as per the Forbes Ranking List.
• As per the rankings of The Times Higher Education, this Business School is ranked 10th in terms of top Business Schools.

Highlights

Establishment year	1881
Major area of Study	MBA
MBA Majors and specialties	Business, finance, marketing
Application fee	265 USD
Exams to study	ACT, SAT, GMAT, GRE, TOEFL or PTE
Average GMAT score	732
Mean GRE	Verbal-162 Quant-162 Writing-4.8
11th hour of the deadline	5:00 p.m. Eastern Time (ET)
Average GPA	3.6
English language proficiency score	TOEFL or equivalent
Average Work Experience for MBA	5 years

wharton school of the university of pennsylvania acceptance rate

UPenn Wharton’s acceptance rate for undergraduate students is approximately 9%.

This is actually the same percentage as the admitted class of 2024 at the entire University of Pennsylvania, showing that UPenn Wharton’s acceptance rate is roughly the same as that of the whole school.

Depending on the year, the acceptance rate may fluctuate significantly. However, it rarely increases beyond 10% overall.

If UPenn Wharton is your top choice school, there is a method to increase your acceptance rate significantly. This method is applying via early decision.

Early decision is when a student applies to the school as a firm commitment – if accepted, an early decision applicant MUST enroll at the school.

Because of this extra layer of demonstrated interest and commitment, the University of Pennsylvania as a whole accepts nearly 1 in 5 early decision applicants. Wharton’s numbers are similar, where early decision applicants have a significantly better chance of acceptance into the program.

In the class of 2023, the acceptance rate was a little higher than usual. While 7,338 prospects applied, 897 ultimately enrolled in the school.

However, more than 897 were accepted because the concept of yield means that schools get more students than they believe will commit. Overall, the University of Pennsylvania yield is about 70%, meaning 70% of the accepted students commit to attending UPenn.

wharton school mba fees

The first-year budget for the Wharton MBA Program is $118,568, which includes tuition and fees ($84,874), room & board ($22,887), books, supplies, health insurance, and additional personal costs ($10,807). Students are responsible for their own housing, meals, and course materials.

FIRST-YEAR BUDGET, 2022-2023

Tuition and Fees (Includes $2000 Pre-Term Fee)	$84,874
Room and Board	$22,887
Books, Supplies, Misc.	$6,778
Health Insurance*	$4,029
Total	$118,568

Military Benefits – the Yellow Ribbon Program

The Yellow Ribbon Program (YRB) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. Wharton offers grant funds through the Yellow Ribbon Program for veterans and is committed to funding all students who are 100% eligible under the Post-9/11 GI Bill®.  You can find details and eligibility guidelines for the Post-9/11 benefits, including the Yellow Ribbon Program, at www.gibill.va.gov.

If you are on active duty or are a veteran, we will waive your application fee; Please call the financial aid office (215) 898-8728 when you’re ready to submit your application.

Eligible applicants may receive a maximum Yellow Ribbon Award of up to $20,000. The Dept. of Veteran Affairs (VA) will match the award amount that we grant. If you are eligible for the Yellow Ribbon Program, you must indicate Yellow Ribbon eligibility by submitting a VA Certificate of Eligibility (COE) to the Registrar’s Office.

Post-9/11 GI Bill® is a registered trademark of the U.S Department of Veteran Affairs (VA). More information about educational benefits offered by the VA is available at the official U.S government website at www.benefits.va.gov/gibill.

Wharton Fellowship Program

Wharton provides a broad range of fellowship opportunities for many exceptional students, thanks to the generosity of individuals, corporate and foundation donors, and the Wharton School.

All admitted students are considered for Wharton Fellowship support based on the application for admission. Criteria for fellowship selection includes unique personal qualities and background, academic achievement, exceptional professional development, and community involvement.

• Awards are offered in the Admission and Financial Aid letter.
• Fellowships are two-year awards, split equally over four semesters for a typical MBA student.
• The Wharton Fellowship Committee does not offer reconsideration of fellowship support.