University of Pennsylvania MBA Program

The University of Pennsylvania, or UPenn, is a private Ivy League research university located in Philadelphia, Pennsylvania. Founded in 1740, it is one of the highest ranked universities in the world.

Penn has four undergraduate schools as well as twelve graduate and professional schools. One of the schools is the Wharton School, also known as Wharton Business School, the Wharton School. It was established in 1881 through Joseph Wharton’s donation.  

The University of Pennsylvania’s MBA is offered in two main ways – full-time MBA and Executive MBA. 

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Pen’s MBA Programs

It offers MBA courses in:  

• MBA in health care management
• MBA/JD degree
• MBA/MA Lauder Joint Degree in International Studies
• Wharton MBA for Engineering
• MBA/MSW

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It also offers dual MBA programs that partner with universities such as Harvard Kennedy School and Johns Hopkins University.

• Application deadlines: The University of Pennsylvania is accepting applications for MBA for 2022-23. The round 2 application deadline is on January 4, 2023. March 29, 2023, is the final date to apply for MBA at the Wharton School.
•  Class profile: Close to 900 students enrolled for the Wharton School’s MBA class of 2023. The acceptance rate of the school is 12%. Foreign students make up 36% of this year’s class. Students of the 2023 MBA hold an average full-time five years of work experience.
• Admission statistics: Admissions profile of the class of 2023 shows an average undergraduate GPA of 3.6/4.0. The average GMAT score was 733.
• Tuition Costs and Scholarships: Students who enroll in Wharton School need to pay a tuition fee of $82,874. A range of scholarships is available for international students, including Joseph Wharton Fellowship, the Forte fellowship, and the Emerging Economy Fellowship.

Description of the Course

• The full-time MBA program at Wharton is offered for 20 months, including a summer internship for 3- 1/2 months.
• Students must complete at least 19 credit units for graduating. Core courses include 9.5 credit units, while electives and major requirements include 4.5 and 5.0 credit units, respectively.
• Included in the core curriculum of the Wharton MBA are six mandatory core courses along with choices in the flexible core.
• Students can opt from more than 200 courses across 10 academic departments for electives. Besides this, Wharton also offers 18 MBA concentrations.

Apart from academics, Wharton School also offers global career journeys, a Global Immersion program, international fairs, exchange programs for international study abroad, and consultation projects in developing countries.

Provided by Wharton School are leadership coursework, experiential learning, coaching, and an array of activities run by students, enabling students to improve their leadership styles.

Important Dates

Event	End Date
Application Deadline Round 1	Sep 7, 2022
Application Deadline Round 2	Jan 4, 2023
Application Deadline Round 3	Mar 29, 2023
Application Deadline Round 4	Apr 26, 2023

Fees & Funding

Tuition & Application Fees

Program	Year 1	Year 2
Tuition Fees	$84,990	$84,990
Health Insurance	$4,044	$3,879
Books & Supply	$6,787	$6,787
Compulsory Fees	$2,002	$2,002
Other Fees	$1,680	$1,680
Total Fees	$99,485	$99,314

Included in the cost of the Wharton MBA program, which is $84,874, are tuition and also pre-term fees. 

Scholarships at Wharton School

Wharton offers a range of merit-based fellowships for exceptional students. Taken into consideration by the school for merit-based fellowships are all enrolled students depending on the admission application. Fellowship candidates are chosen based on conditions such as educational achievements, community involvement, unique personal qualities, outstanding professional development, and backdrop.

At Wharton School, the list of other fellowships available is as follows:

• Joseph Wharton Fellowships
• Emerging Economy Fellowships
• Forte Fellowships
• Reaching out to MBA Fellowships
• The Wharton Prism Fellowship
• Social Impact Fellowships

Eligibility & Entry Criteria

 The eligibility criteria for admission for MBA applicants at the University of Pennsylvania are as follows –

Educational Requirements

• Four-year undergraduate degree in the US or an equivalent
• Undergraduate GPA of at least 3.00

Scores in GMAT/Gre

There are no minimum requirements for a GMAT/GRE score at Wharton School. The average scores in the MBA class of 2023 were as follows-

• Average GMAT score 733
• GRE Quant 162; GRE Verbal 162

Proficiency in the English Language Test

Applicants who hail from a country where the native language is not English need to provide TOEFL or PTE scores to probe their English proficiency.

The average score in TOEFL 115 or equivalent score in PTE scores

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Essays

Applicants Should Write Three Articles Explaining Lucidly as to Why They Qualify for the MBA Program at Wharton School.

Work Experience

For Wharton MBA, work experience is not compulsory. But the Admissions Committee gives weightage to applicants with experiences in diverse fields and who show professional maturity. The average work experience of the MBA class of 2023 is five years.

The program also admits candidates who may show no or limited experience but exhibit strong executive and qualified potential.

Interview

Candidates can participate in an interview for Wharton’s MBA program via invitation only

The minimum score required in GMAT is 730 out of 800, 100 out of 120 in TOEFL, 6.5 out of 9 in IELTS, 324 out of 340 in GRE, and 3 out of GPA

List of Documents

Candidates must submit the following documents before their MBA admissions –

• Educational Transcripts
• Test score reports in GMAT or GRE 
• Two professional letters of recommendation (LORs)
• CV/Résumé
• Essays
• Proficiency scores in the English language 
• $275 as an application fee

Rankings of UPENN’s MBA

University of Pennsylvania’s full-time MBA degree program ranks #1 in the Financial Times MBA ranking 2022 and ranks also #1 as per US News and World Report in the best business schools list.

Cost of Living

Expense Type	Average Cost Per Year
Transportation	$1,072
Room and Board	$22,934

Study Visa

International students who get an offer of admission can apply for an I-20/DS-2019 form and fill out all required sections. After uploading the form, they need to register with SEVIS and pay the SEVIS-I-901 fee of $350. If they want to apply for a US Student Visa, they should-

• Complete the online nonimmigrant visa application form DS-160
• Pay the visa application fee ($160)
• Schedule a visa interview at the nearest US Consulate/Embassy

During the US student visa Interview, candidates must carry the following documents: 

• Passport
• Filled out online application form
• Payment receipt of Application fee
• Form I-20
• Educational Transcripts
• Test scores of GMAT or GRE
• Proficiency test scores in the English Language
• Intention to exit the US after completion of the course

Application Deadlines

Application Round	Deadlines
Round 1	September 7, 2022
Round 2	January 4, 2023
Round 3	March 29, 2023

Work-Study

The Career Management Team at Wharton School offers various resources to assist students in hunting for jobs through the following means:

• Individual career counseling
• Programs and workshops
• Hiring Tools
• Career fellows of the Second-year 

Relationship Managers of Wharton arrange networking events, schedule interviews, and post jobs. Students are allowed to interact with employers both on-campus and outside of it, through industry career journeys, clubs and conferences, and alumni connections.

Career and Placement After Course

99% of students in the 2021 MBA class got job offers after graduation. Of them, most accepted their job offers. Wharton MBA graduates received a median yearly income of $155,000. Of them, 64% received a sign-on bonus. $30,000 was the average sign-on bonus. The following is the average salary by profession:

Occupation	Median Salary (USD)
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

Other Services

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