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University of Pennsylvania MBA Program: Dates, Eligibility, Fees & Placements

Philadelphia, PennsylvaniaLocation

UniversitySchool type

Estd1740established year

26675enrollment

Private (Not for Profit)

8.2/10

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Master of Business Administration [M.B.A]

STEM Course

20 months

Full Time

On Campus

Field of Study:

Business

Ranked #14 out of 1502 by THE Global Ranking 2023

₹70.4 L/Yr

$84,874 /Yr

Offered By:

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.

Year	1st Year Fees
Tuition Fees	₹7035206 (USD 84874)

Other Expenses

Head	Avg Cost Per Year
Transportation	₹88692
Room and Board	₹1897103
Total Cost	₹2881587
Health Insurance	₹333964
Books and supply	₹561828

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

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

730 / 800

Avg. Score in

GMAT

100 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

324 / 340

Avg. Score in

GRE updated

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

Ranking

2023202220212020201920182017

Business 14 out of 1502 in Global Ranking

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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₹ 12,434/Yr$150	Level Of StudyBachelor	TypeMerit-Based	View Details
Go Clean Scholarship	Scholarship per student₹ 2.9 L/Yr$3,500	Level Of StudyBachelor	TypeMerit-Based	View Details
Ellis R. Ott Scholarship for Applied Statistics and Quality Management	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details
AAUW International Fellowships	Scholarship per studentVariable Amount	Level Of StudyDoctorate	TypeMerit-Based	View Details
Forktip Women’s- Innovation Scholarship	Scholarship per studentVariable Amount	Level Of StudyBachelor	TypeCollege-Specific	View Details
Gyandhan Scholarship	Scholarship per student₹ 1 L/Yr$1,222	Level Of StudyMaster	TypeMerit-Based	View Details

Options Available

Program	Delivery Type	Duration	Program Type	Offered By	Tution Fees
M.B.A Accounting	full time	2 years	on-campus	-	₹5992947
M.B.A Actuarial Science	full time	2 years	on-campus	-	₹5992947
M.B.A Business Analytics	full time	2 years	on-campus	-	₹5992947
M.B.A Business Economics and Public Policy	full time	2 years	on-campus	-	₹5992947
M.B.A Entrepreneurial Management	full time	2 years	on-campus	-	₹5992947
M.B.A Environmental and Risk Management	full time	2 years	on-campus	-	₹5992947
M.B.A Finance	full time	2 years	on-campus		₹5992947
M.B.A Health Care Management	full time	2 years	on-campus	-	₹5992947
M.B.A Information, Strategy and Economics	full time	2 years	on-campus	-	₹5992947
M.B.A Insurance and Risk Management	full time	2 years	on-campus	-	₹5992947
M.B.A Management	full time	2 years	on-campus	-	₹5992947
M.B.A Multinational Management	full time	2 years	on-campus	-	₹5992947
M.B.A Operations, Information and Decisions	full time	2 years	on-campus	-	₹5992947
M.B.A Organizational Effectiveness	full time	2 years	on-campus	-	₹5992947
M.B.A Statistics	full time	2 years	on-campus	-	₹5992947
M.B.A Strategic Management	full time	2 years	on-campus	-	₹5992947
M.B.A Real Estate	full time	2 years	on-campus	-	₹5992947
M.B.A Marketing and Operations Management	full time	2 years	on-campus	-	₹5992947
M.B.A/M.A International Studies	full time	2 years	joint_program, on-campus,dual_degree	-	₹5992947
M.B.A Marketing	full time	2 years	on-campus	-	₹5992947

Programs Comparison

	The Wharton School (M.B.A )	Harvard Business School (M.B.A )	MIT Sloan School of Management (M.B.A )	Columbia Business School (M.B.A )	London Business School (M.B.A )	Kellogg School of Management (M.B.A )	Ross School of Business (M.B.A )	Tepper School of Business (M.B.A )
ranking	# 14 for Business by Times Higher Education 2023 # 3 for Business by Academy Ranking of World Universities 2021	# 5 for Business by US News 2024 # 2 for Business by Times Higher Education 2023	# 5 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021	# 11 for Business by US News 2024 # 11 for Business by Times Higher Education 2023	-	# 7 for Business by Bloomberg 2024 # 26 for Business by Times Higher Education 2023	# 8 for Business by US News 2024 # 23 for Business by Times Higher Education 2023	# 28 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021
application	#7158 Applicants # 916 Admissions # 12 % Acceptance Rate	#10351 Applicants # 941 Admissions # 11 % Acceptance Rate	#4208 Applicants # 484 Admissions # 11 % Acceptance Rate	#6535 Applicants # 1215 Admissions # 18 % Acceptance Rate	#2489 Applicants # 497 Admissions # 19 % Acceptance Rate	#2795 Applicants # 559 Admissions # 20 % Acceptance Rate	#2989 Applicants # 421 Admissions # 14 % Acceptance Rate	#1269 Applicants # 200 Admissions # 15 % Acceptance Rate
exam scores	GMAT - 730/800 GRE updated - 324/340 IELTS - 6.5/9 TOEFL - 100/120	Duolingo - 130/160 GMAT - 730/800 GRE updated - 326/340 IELTS - 7.5/9 TOEFL - 109/120	GMAT - 720/800 GRE updated - 311/340 IELTS - 7/9 TOEFL - 90/120	GMAT - 700/800 GRE updated - 310/340 IELTS - 7.5/9 TOEFL - 100/120	GMAT - 700/800 GRE updated - 320/340 IELTS - 6.5/9 PTE - 59/90 TOEFL - 92/120	GMAT - 700/800 GRE updated - 326/340 IELTS - 7/9 TOEFL - 100/120	GMAT - 720/800 IELTS - 7/9 PTE - 70/90 TOEFL - 100/120	Duolingo - 120/160 GMAT - 680/800 GRE updated - 300/340 IELTS - 7.0/9 PTE - 58/90 TOEFL - 100/120
Admission Criteria/Better to Have	GPA of 3.6 average and preferably 722 GMAT Score. Average Work Experience required around 5 years.	-	GPA of 3.62 and preferably a 730 GMAT Score. Average Work Experience required around 5 years.		-	-	GPA of 3.5 average and preferably 720 GMAT Score. Average Work Experience required around 5.3 years.	GPA of 3.32 average and preferably 680 GMAT Score. Average Work Experience required around 5.4 years.
cost to study	Total Cost (Tuition + Living) -INR 7035205.86	Total Cost (Tuition + Living) -INR 6087441.6	Total Cost (Tuition + Living) -INR 6664356	Total Cost (Tuition + Living) -INR 6670324.08	Total Cost (Tuition + Living) -INR 10454003.91	Total Cost (Tuition + Living) -INR 6488297.64	Total Cost (Tuition + Living) -INR 5977529.46	Total Cost (Tuition + Living) -INR 5802300
Return on Investment/Average Package	#Average SalaryINR 12433500	#Average SalaryINR 9532350	#Average SalaryINR 11190150	#Average SalaryINR 12433500	-	#Average SalaryINR 15453845.82	#Average SalaryINR 13621811.04	#Average SalaryINR 10464862.5
documents required	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose	#Letter of Recommendation + Statement of Purpose
application dates	Mar 29, 2023 (Application Deadline Round 3 For 2023 Intake) Apr 13, 2023 (Interview Invitation For Round 3) May 10, 2023 (Decision Release Date)	Sep 6, 2023 (Application Deadline Round 1) Jan 3, 2024 (Application Deadline Round 2)	Apr 3, 2023 (Application Decision Deadline Round 2) Apr 11, 2023 (Application Deadline For 2024 Intake Round 3) May 18, 2023 (Application Decision Deadline Round 3)	Apr 5, 2023 (Application Deadline For August 2023 Intake) Sep 28, 2023 (Application Deadline For January 2024 Intake)	-	Apr 5, 2023 (Round 3 Application Deadline)	Jan 9, 2023 (Round 2 Application deadline) Mar 17, 2023 (Decision Release Round 2) Apr 3, 2023 (Round 3 Application Deadline)	Jun 18, 2023 (Application Deadline For Fall 2023 Intake)
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