Master of Business Administration [M.B.A]
Field of Study:
$84,874/Yr
MBA at the University of Pennsylvania is offered in two main formats - full-time MBA and Executive MBA. The full-time MBA degree program offered by University of Pennsylvania ranks #1 in Financial Times MBA ranking 2023. The program also ranks #1 in best business school as per US News and World Report.
The School also offers joint MBA degree programs. This includes MBA/MA Lauder Joint Degree in International Studies, MBA in health care management, Wharton MBA for Engineering, MBA/JD degree and MBA/MSW.
The Wharton School at University of Pennsylvania also offers dual MBA programs in partnership with Universities such as Johns Hopkins University and Harvard Kennedy School.
- Application Deadlines: The University of Pennsylvania is currently accepting applications for MBA for 2023-24. March 29, 2023 is the final date to apply for MBA at the Wharton School.
- Class Profile: 897 students in total enrolled for the MBA class of 2023 at Wharton School. The admissions policy is quite selective with an acceptance rate of 12%. International students representing 83 countries comprised 36% of the entire class. The class of 2023 holds an average full-time work experience of 5 years.
- Admission Statistics: The class of 2023 admissions profile includes an average undergraduate GPA of 3.6 out of 4.0. The average GMAT score was 733.
- Tuition Costs and Scholarships: Students applying for admission to Wharton School are required to pay a tuition fee of $82,874. An array of scholarships are available for international students including the Forte fellowship, Joseph Wharton Fellowship and Emerging Economy Fellowship.
- Top Employers: Companies that hired two or more students from Wharton MBA class of 2021 include Amazon, American Express, Bain and Company, Samsung, Facebook, PepsiCo, Deloitte Consulting etc.
Compensation offered to Wharton MBA class of 2021. Source: University of Pennsylvania
Check: University of Pennsylvania Student reviews
Course Description
- Wharton full-time MBA program is offered for a duration of 20 months including a summer internship for 3.5 months.
- Students need to complete a minimum of 19 credit units to graduate. Core courses include 9.5 credit units, Electives include 4.5 credit units and major requirements carry 5.0 credit units.
- Wharton MBA core curriculum includes six mandatory core courses along with choices in flexible core.
- Students have the option to choose from over 200 courses across 10 academic departments for electives. In addition to this, the school also offers 18 MBA concentration.
Wharton School also offers global career treks, international conferences, international study abroad exchange programs, consulting projects in emerging countries, and Global Immersion program.
Wharton School provides leadership coursework, coaching, experiential learning, and a wide range of student-run activities. This enables students to develop their leadership styles.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $84874 (USD 84874) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Transportation | $1070 (USD 1070) |
| Room and Board | $22887 (USD 22887) |
| Health Insurance | $4029 (USD 4029) |
| Books and supply | $6778 (USD 6778) |
| Total Cost | $34764 (USD 34764) |
The cost of the Wharton MBA program is $84,874 which includes tuition as well as pre-term fees.
MBA at the Wharton School Scholarships
Wharton offers an array of merit-based fellowships for exceptional students. The school considers all admitted students for merit-based fellowships based on the admission application. Fellowship candidates are selected based on criteria such as academic achievement, exceptional professional development, community involvement, unique personal qualities and background.
A List of other fellowships available at Wharton School are as follows:
- Joseph Wharton Fellowships
- Emerging Economy Fellowships
- Forte Fellowships
- Reaching out MBA Fellowships
- The Wharton Prism Fellowship
- Social Impact Fellowships
Check: MBA Scholarships in USA
Previous Year Fees
| Year | 1st Year Fees |
|---|---|
| 2021 | $83230 (USD 83230) |
| 2022 | $84874 (USD 84874) |
Eligibility & Entry Requirement
MBA applicants must meet the following eligibility requirements for admission to the University of Pennsylvania -
Academic requirements
- Four-year US undergraduate degree or international equivalent
- Undergraduate GPA over 3.00
GMAT/GRE scores
The Wharton School does not have any minimum GMAT/GRE score requirements.of Applicants. MBA class of 2023 submitted the following scores -
- Average GMAT score 733
- GRE Verbal 162; GRE Quant 162
English Language test
International applicants whose native language is not English are required to provide either TOEFL or PTE scores as proof of proficiency.
- Average TOEFL score of 115 (submitted by MBA class of 2023)
- Equivalent PTE scores
Note: PTE scores need to be reported directly to the Wharton MBA program and the TOEFL institution code for the Wharton MBA program is 2926.
Essays
- Essay 1: How do you plan to use the Wharton MBA program to help you achieve your future professional goals? (500 words)
- Essay 2: Taking into consideration your background – personal, professional, and/or academic – how do you plan to make specific, meaningful contributions to the Wharton community? (400 words)
- Essay 3: This essay can be used to share additional information or address any extenuating circumstances (optional/500 words)
Work Experience
Work experience is not mandatory for admission to Wharton MBA. However, the Admissions Committee considers applicants with diverse experiences and professional maturity. MBA class of 2023 has an average work experience of 5 years.
The program also accepts candidates who demonstrate limited or no experience but demonstrate strong managerial and professional potential.
Interview
Candidates can take part in an Interview for the MBA program at Wharton through invitation only
Scores Required
3 / 4
Minimum gpa
GPA
Required Document List
Candidates need to submit the documents listed below during MBA admissions -
- Transcripts
- Academic degrees earned
- Test score reports (GMAT code: G56-97-73 or GRE code: 6802)
- 2 professional letters of recommendation
- Resume
- Essays
- English language proficiency scores (TOEFL scores)
- 275 USD as application fee
Course Guides
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Masters in Management in USA: Fees 2023, Top Colleges, Placements & Salaries
MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MBA in USA Colleges, Fees, Scholarships, Salary
MBA in USA without GMAT: Top Universities, Admission Requirements, Deadlines, FAQs
Career and Placement after Course
99% of students from MBA class of 2022 received job offers post-graduation. Out of this, 96.8% of students accepted their job offers. Wharton MBA graduates received a median annual salary of $155,000 USD. 64% of students reported having received a sign-on bonus. The average sign-on bonus offered was $30,000 USD. The table below lists the average salary by function:
| Function | Median Salary |
|---|---|
| Consulting/Strategy | 165,000 |
| Corporate Finance (Analysis/Treasury) | 140,000 |
| Entrepreneurial Management | 155,000 |
| General/Project Mgmt/Mgmt Development | 138,000 |
| Human Capital | 125,000 |
| Investment Banking | 150,000 |
| Investment Mgmt/Portfolio Mgmt | 150,000 |
| Legal Services | 190,000 |
| Operations/Production Mgmt/Supply Chain | 130,000 |
| Private Equity/Venture Capital- Investor | 170,000 |
| Product/Brand Marketing | 128,000 |
| Product Management | 144,000 |
| Real Estate | 140,000 |
Top employers who hired two or more members from MBA class of 2022 include Accenture Strategy, Bain & Company, Credit Suisse, Facebook, J.P. Morgan, Pfizer, PepsiCo etc
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Collegedunia $150 Scholarship Program | Scholarship per student$ 150/Yr$150 | Level Of StudyBachelor | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student$ 3,500/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Ellis R. Ott Scholarship for Applied Statistics and Quality Management | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| AAUW International Fellowships | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Gyandhan Scholarship | Scholarship per student$ 1,222/Yr$1,222 | Level Of StudyMaster | TypeMerit-Based |
Options Available
| Program | Delivery Type | Duration | Program Type | Tuition Fees |
| M.B.A Accounting | full time | 2 years | on-campus | $72300 |
| M.B.A Actuarial Science | full time | 2 years | on-campus | $72300 |
| M.B.A Business Analytics | full time | 2 years | on-campus | $72300 |
| M.B.A Business Economics and Public Policy | full time | 2 years | on-campus | $72300 |
| M.B.A Entrepreneurial Management | full time | 2 years | on-campus | $72300 |
| M.B.A Environmental and Risk Management | full time | 2 years | on-campus | $72300 |
| M.B.A Finance | full time | 2 years | on-campus | $72300 |
| M.B.A Health Care Management | full time | 2 years | on-campus | $72300 |
| M.B.A Information, Strategy and Economics | full time | 2 years | on-campus | $72300 |
| M.B.A Insurance and Risk Management | full time | 2 years | on-campus | $72300 |
| M.B.A Management | full time | 2 years | on-campus | $72300 |
| M.B.A Multinational Management | full time | 2 years | on-campus | $72300 |
| M.B.A Operations, Information and Decisions | full time | 2 years | on-campus | $72300 |
| M.B.A Organizational Effectiveness | full time | 2 years | on-campus | $72300 |
| M.B.A Statistics | full time | 2 years | on-campus | $72300 |
| M.B.A Strategic Management | full time | 2 years | on-campus | $72300 |
| M.B.A Real Estate | full time | 2 years | on-campus | $72300 |
| M.B.A Marketing and Operations Management | full time | 2 years | on-campus | $72300 |
| M.B.A/M.A International Studies | full time | 2 years | joint_program, on-campus,dual_degree | $72300 |
| M.B.A Marketing | full time | 2 years | on-campus | $72300 |
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