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The University of Pennsylvania Wharton School full-time MBA program takes place over the course of 20 months, with students having multiple options for the summer between their first and second years: internships, “career treks” in the U.S. or abroad, the Wharton International Volunteer Program, or working with a nonprofit through the Summer Public Interest Fund.
Curriculum
In 2012 Wharton introduced a new curriculum to its full-time MBA program with the aim of creating more flexibility over the order in which students complete required courses. The Wharton full-Time MBA students must take six required core courses in August and the first half of their first year with a cohort of about 70 students and a “learning team” of five or six classmates. Flexible core courses can be delayed until the second year, which gives first-year students the opportunity to begin personalizing their course of study by choosing electives early on in their MBA process. Students may choose from 19 different majors.
Starting when they arrive on campus in August, cohorts will take the following fixed courses: Foundations of Teamwork and Leadership, Marketing Management, Microeconomic Foundations, Advanced Topics in Managerial Economics, Regression Analysis for Managers, and Speaking and Writing. The fixed core courses are worth a total of 9.5 credits. The required core curriculum also includes first-semester courses in speaking and writing. The flexible core portion of required courses allows students to choose from a number of options, including courses focused on Operations, Marketing, Accounting, Corporate Finance, Legal Studies and Business Ethics, Management, and Macroeconomics. Out of these overarching topics, students must choose two options for further study, which are worth an additional 5.5 credits. For example, a student interested in Operations Management could start fulfilling their flexible core by taking one course such as Business Analytics, Information Technology, Innovation, or Operation Strategy.
The new structure of this curriculum gives students the chance to begin taking electives in their first year, as long as they complete the core curriculum at some point in their second year. As a result, students can begin pursuing their interests through choosing from Wharton’s over 200 electives.
The Wharton Full-Time MBA Rankings
• U.S. News & World Report: 1
• Bloomberg: 6
• Forbes: 5
• Financial Times: 2
• The Economist: 6
Class Profile
The Wharton full-time MBA Class of 2022 features 41 percent female students, 19 percent international students, 35 percent U.S. students of color, and 6 percent LGBTQ+ students. A total of 70 countries are represented. The majority of students studied humanities as undergraduates (38 percent), followed by business (34 percent), and STEM (28 percent).
On average, enrolled students have around five years of previous professional work experience, an undergraduate GPA of 3.6, and a median GMAT score of 730. The GRE verbal mean is 161, the mean quant score is 161, and the mean writing score is 4.7.
Career Statistics
The most recent Wharton MBA full-time MBA employment report notes that 98.5 percent of recent MBA graduates earned job offers within three months of graduation, with 93.5 percent accepting those offers. The median salary of graduates was $150,000, with 60 percent earning a signing bonus of around $30,000.
Tuition, Scholarships, and Financial Aid for the Wharton Full-time MBA
Tuition and fees for the Wharton School full-time MBA, which includes a $2,000 pre-term fee, is $80,432 for 2020-21. This cost increase once room and board, health insurance, books and supplies, and ‘miscellaneous’ expenses are factored in. The total cost estimate for one year at Wharton is $111,695. Students in the full-time program are all considered for one of Wharton’s fellowships. These fellowships can contribute to the costs of both years of schooling, though some are only for second years.
Federal student loans are available, as are private alternative loans. Wharton offers a number of scholarships for specific populations, as well as the John M. Bendheim Loan Forgiveness Fund for Public Service. Additionally, Wharton participates in the Yellow Ribbon Program for armed forces veterans.
Admissions
Out of 7,518 applications, the Wharton School full-time MBA admitted 916 students for an admissions rate of 12.8 percent. In addition to filling out its online application, applicants to the Wharton School full-time MBA program will also be required to submit two essays, any undergraduate or graduate school transcripts, two letters of recommendation, GMAT or GRE scores, and a resume. International students may have to provide their TOEFL scores while those pursuing dual degrees may need to provide supplemental information to one or both programs. Those targeting the Lauder MBA/MA program will be required to submit to a telephone interview to demonstrate their language skills through a twenty-minute “Oral Proficiency Interview.” Additionally, applicants that are invited to interview must do so. Applicants must also submit an application fee of $265.
2020-2021 Wharton Full-time MBA Deadlines
Round 1: September 15, 2020
Round 2: January 5, 2021
Round 3: March 31, 2021
The information below is current and pertains to tuition and fees for students enrolled in the 2017-18 academic year.
| 1st Year | 2nd Year | |
| Tuition/Fees* | ||
| Tuition | $70,200 | $70,200 |
| General Fee | 2,984 | 2,984 |
| Course Materials Fee | 850 | 850 |
| Clinical Fee | 546 | 546 |
| Pre-Term | 2,000 | 0 |
| Total Tution & Fees | $76,580 | $74,580 |
| Expenses | ||
| Health Insurance | $3,348 | $3,348 |
| Room and Board** | 22,450 | 20,205 |
| Books and Supplies | 1,408 | 1,408 |
| Personal and Misc. | 5,664 | 5,664 |
| Total Expenses | $32,870 | $30,625 |
| Total MBA Cost | $109,450 | $105,205 |
*YOUR PRINTING ACCOUNT WILL OPEN WITH A NON-REFUNDABLE $40 BALANCE. ANY MONIES ADDED TO THIS ACCOUNT WILL BE REFUNDED IF NOT USED.
**ROOM/BOARD ASSUMES A 10-MONTH CALENDAR AND 9-MONTH SECOND-YEAR CALENDAR.
Tuition: Covers full-time attendance at the Wharton School.
General Fee: Mandatory fee. Covers access to Career Management, graduate activities, recreational facilities, library services, and other University services not directly associated with specific courses.
Health Insurance: Mandatory unless covered by an outside agency.
Room and Board: Reflects an average off-campus shared residence.
Books, Supplies & Miscellaneous: Includes required texts and classroom supplies, telephone service, transportation, entertainment, laundry, clothing and other general personal items.
Course Materials Fee: This includes the cost for Study.Net materials for core courses.
Pre-Term: Mandatory Pre-Term fee ($2,000) applies only to the first year of the program.
Clinical Fee: This fee is mandatory for full-time, non-dissertation status students and for students enrolled the Penn Student Health Plan (PSIP).
Costs not included in the educational budget include:
| Avg. | Range | |
| Student Activities (clubs, conferences, parties) | $860 | $650 – 1,150 |
| Global Immersion Program* | $5,500 | $5,000 – 6,000 |
| Global Modular Courses* | $2,100 | $1,200 – 3,500 |
| Semester in San Francisco** | $8,225 | $5,000 – 11,450 |
* OPTIONAL. INCLUDES COST OF PROGRAM AND ROUND-TRIP AIRFARE TO AND FROM NYC, NY.
** OPTIONAL, INCLUDES $5000 PROGRAM FEE AND ROUND-TRIP AIRFARE, LIVING EXPENSES.
Other expenses to consider are: moving or travel expenses, prior debt, furniture, car expenses, security deposits, cell phones, entertainment, club or student activity fees, computer purchase, animal care, gifts, clothing, or expenses related to your job search.
Your own costs may vary depending on lifestyle, tastes, and other individual considerations. We strongly recommend that you construct a personal budget for planning purposes using the student educational budget as a point of reference. If you are married or have dependents, you may face higher costs. Students with extenuating circumstances can request a budget reevaluation to borrow funds above the set student budget once the fall semester has started.
The Wharton Full-Time MBA FAQ’s
How has the university coped with the pandemic?
Most instruction is online but some are in-person providing a hybrid experience.
What industries do Wharton MBA students come from?
The most recent class came from a variety of backgrounds however nearly a quarter came from consulting.
Are dual degrees an option?
Yes, dual and joint degree options are available including an MBA/MA and JD/MBA.
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