MBA From Wharton

An Overview of Wharton School

The WhartonSchool of the University of Pennsylvania, a private Ivy League research university in Philadelphia, Pennsylvania, sometimes goes by the names Wharton Business School, the Wharton School, and Wharton. The Wharton School was established in 1881 as the first undergraduate business school in the world thanks to a gift from Joseph Wharton. One of the most prestigious business schools in the world, it is highly acclaimed.

At the undergraduate level, the Wharton School offers the Bachelor of Science with a school-specific economics concentration, as well as Bachelor of Arts degrees with concentrations in core management, general business, and international studies. The graduate-level Master of Business Administration (MBA) program provides concurrent study leading to combined degrees from other universities (e.g., law, engineering, government). Similarly, the doctoral program co-sponsors several diploma programs in collaboration with other schools within the University, in addition to its tracks in accounting, finance, operations, statistics, and more. The college was a pioneer in what was known as 'Executive Education,' or customized learning experiences that led to academic enrichment, but with no standing.

Wharton's graduate program has consistently been ranked in the top tier since the inception of journalistic rankings. Its MBA program is ranked first in the world by the Financial Times and first in the United States by U.S. News & World Report for 2023. Meanwhile, U.S. News ranks Wharton's MBA for Executives and undergraduate programs as the second and first best in the country. Wharton MBA graduates earn the highest first-year base pay of any leading school, at $159,815 before bonuses. With an average GMAT score of 732 (97th percentile) for its entering class, Wharton's MBA program is tied for the highest in the country.

Former USPresident Donald Trump, SpaceX founder Elon Musk, and billionaire investor Warren Buffett are all Wharton School alumni. Wharton School alumni include current and former CEOs of Fortune 500 companies such as Alphabet Inc., Boeing, Comcast, General Electric, Johnson & Johnson, Oracle, Pfizer, PepsiCo, and Tesla.

What Does It Take To Get A MBA From Wharton

Every year, Wharton School of Business receives 6000-7000 applications, with only about 1000 students accepted into their MBA and EMBA programs. Wharton received 7,338 applications in 2021, with only 897 students eventually enrolled in their MBA program. The Wharton MBA acceptance rate is around 12.2%, which is low but comparable to other top B-schools around the world.

MBA Application Checklist and Prerequisites

A complete application will include the following components:

Historical Background

·         Getting in Touch (e.g., mailing address and phone number)

·         The birthdate

·         Acquired academic degrees

Please complete the Education and Transcript section for all of your academic experiences, including your bachelor's or bachelor's-equivalent degree, study abroad, summer school, and post-baccalaureate classes, beginning with high school. If you need to record more information than the three forms allow, please use the Microsoft Excel Multiple Transcript Template.

To ensure that your application is processed as quickly as possible, we no longer accept mailed transcripts at the time of application. Please submit your transcript(s) as a scanned document or use the Transcript Template, which can be found here. To submit your self-reported transcript, use the upload feature provided at each school listing (s).

If you are admitted, you will be required to provide official transcripts of all previous academic work in order to verify the information in the uploaded documents. If there are inconsistencies between your self-reported academic work and official records, your admission offer will be withdrawn. Admission offers are not binding until academic records are verified.

Professional background

·         Please fill out the Employment section with your full-time experience, including military and entrepreneurial experiences, beginning with your most recent position. You may also include any significant part-time or summer work since the start of college.

·         The Employment section allows you to list your four most recent jobs; however, we value all employment experience. Please feel free to use the optional essay to explain any employment gaps.

·         Please keep in mind that whether or not your answer to the Reason for Leaving question is fully visible on your application when you print it using Adobe Acrobat PDF, we will see it. In our review system, this field is fully visible.

Family information

Prior Conviction Records

·         You must report if you have ever been convicted of, or plead guilty or no contest to, a felony or misdemeanor (excluding minor traffic violations). Failure to disclose this information may result in the withdrawal of any potential admission offers. The Wharton MBA Admissions Review Officer will review your responses. As part of the regular academic review process, this information will not be provided to the admissions committee.

Application Fee

Wharton's MBA application fee is $275 and is non-refundable. With your application, you can pay by credit card (Visa, MasterCard, or American Express).

Questions for Essays

ESSAYS FOR THE APPLICATION CYCLE 2022-2023

The Admissions Committee wants to get to know you professionally as well as personally. We encourage you to be reflective, candid, and concise. Most importantly, we recommend that you be yourself. See the essay tips article for more essay writing resources!

Essay 1: How do you intend to use the Wharton MBA program to help you achieve your professional goals in the future? Consider your previous experience, short and long-term goals, and the resources available at Wharton. (500 words)

Essay 2: Considering your personal, professional, and/or academic background, how do you intend to make specific, meaningful contributions to the Wharton community? (400 words)

All reapplicants must submit the following essay: Please use this space to discuss any relevant updates to your candidacy (e.g., changes in your professional life, additional coursework, and extracurricular/volunteer engagements) with the Admissions Committee. (250 words)

Optional Essay: Please use this space to share any additional information about yourself that you would like to share with the Admissions Committee that cannot be found elsewhere in your application. This space can also be used to address any extenuating circumstances (e.g., unexplained gaps in work experience, recommender selection, inconsistent or questionable academic performance, areas of weakness, etc.) that you want the Admissions Committee to take into account. (500 words)

Transcripts

To apply for the MBA program, transcripts of all academic work completed at the baccalaureate/undergraduate level and beyond, whether for credit or a degree, are required. You have the option of doing one of the following when submitting your transcripts:

·         Submit unofficial transcripts OR

·         Use our Online Transcript Template to self-report grades.

Letter Of Recommendations

Our application's Letter of Recommendation will be divided into two sections:

A collection of positive personality traits. Recommenders will be asked to select two of ten characteristics that best describe the candidate they are recommending.

Two open-ended questions:

·         Please provide an example(s) of why you believe this candidate will succeed in the Wharton MBA classroom. (300 words total)

·         Please provide an example(s) of why you believe this candidate will be successful throughout their career. (300 words total)

We require two letters of recommendation from people who are familiar with your work performance, preferably from a current or former supervisor.

The recommender's title or position is less important than his or her ability to make knowledgeable and specific comments about you. Submit recommendations from people who can speak directly to your abilities and skills.

All recommendations must be submitted electronically. Please complete the form on the Recommendations page after you have contacted your recommenders.

It's possible that after you've chosen your recommenders, you'll need to change your mind. If a recommender hasn't started their recommendation yet, you can delete them and assign another. Please keep in mind that your new recommender will not appear on your application's recommendation page, but we will see the new listing when you submit your application.

Please contact mbarecs@wharton.upenn.edu if you have any questions.

GMAT/GRE

All applicants must submit no more than five years old GMAT or GRE scores.

We accept results from tests taken at a testing facility or at home/online. All at-home tests are online monitored by a human proctor. Scores may be self-reported; please list your highest score first when self-reporting in the application. If you are offered admission, official scores will be requested for verification.

If you are applying in…	Your GMAT and/or GRE test date must fall on or between
Round 1	September 7, 2017 – September 7, 2022
Round 2	January 4, 2018 – January 4, 2023
Round 3	March 29, 2018 – March 29, 2023
Deferred Admissions Round	April 26, 2018 – April 26, 2023

 

English Language Examination

Non-native English speakers with limited exposure to English must take the Test of English as a Foreign Language (TOEFL) or the Pearson Test of English Academic (PTE). All international applicants whose native language (first learned and spoken at home) is not English, or who did not complete a degree at an institution where English was the language of instruction, must take the TOEFL or PTE. The test may be waived if you have a bachelor's or master's degree from an institution where English is the language of instruction.

If you are applying in…	Your TOEFL or PTE test date must fall on or between
Round 1	September 7, 2020 – September 7, 2022
Round 2	January 5, 2021 – January 5, 2023
Round 3	March 30, 2021 – March 30, 2023
Deferred Admissions Round	April 27, 2021 – April 27, 2023

 

·         TOEFL - The Wharton MBA Program's code is 2926.

·         PTE - Report your results to The Wharton MBA Program directly.

Resume

Please include a one-page resume with your application. We're looking for functional job skills, breadth and depth of experience, demonstrated leadership and management skills, and growth potential. We are more interested in what you have learned in your positions than in how long you have been in the workplace.

·         Scan only the most important parts of your document. Avoid scanning images, graphics, and unnecessary text.

·         Save the scanned item as a.pdf file with the appropriate three-letter extension. Please do not attempt to upload a password-protected or macro-enabled document. This will result in the process failing.

·         Close the.pdf document.

·         Examine the size of your file. It should not be larger than 10 MB.

·         Using the buttons, upload your file.

·         Check that scanned documents are legible. Illegible documents will not be accepted and will cause your application to be delayed.

 

How is life after an MBA from Wharton

Although an increase in your pay scale isn't the only sign of a career boost, it is a good indicator. The most important role that a school plays in your career is not the brand name, as most people believe. It is the job assistance that a school provides to a recent graduate. Wharton's MBA Career Management team is well-known for its success in connecting students with job and internship opportunities. Every year, more than 650 recruiters offer Wharton MBAs jobs ranging from Fortune 500 companies to social and non-profit organizations. Wharton's MBA Career Management Team advises and supports students during their summer internship and their first post-MBA job. "However, students in the Wharton EMBA program are expected to seek out their own opportunities." They can still seek advice and resources from the MBA Career Management Team, but only eligible students are allowed to participate in on-campus recruitment alongside the Full-time MBA program class."

How much money do we need to do an mba from Wharton

Program	Tuition (including housing, meals, and books and supplies)
MBA Program	$105,542 (1st year)
Executive MBA Program	$105,450 (1st year)

 

While the EMBA program at Wharton is the same price for both years, the MBA program's price varies. The figure provided here is an estimate provided by The Wharton School. The Wharton MBA fees cover the entire years’ worth of housing, meals, books, and supplies. The EMBA, on the other hand, covers housing, meals, and a portion of the program's books and supplies. While Wharton MBA fees for Indian students may appear to be quite high, students can reduce their costs by applying for fellowships and financial aid.

 

Is an executive MBA from Wharton worth it?

If you want to step up your professional game and gain a competitive advantage, you should think about enrolling in an executive MBA program. Unlike full-time MBA programs, EMBAs allow you to continue working while earning your MBA, and executive programs are generally fast-tracked, taking less time to complete than full-time programs.

EMBA degree from Wharton can help you advance in your career, particularly in finance, marketing, and accounting. And, while an EMBA program that is well-regarded and rigorous will sharpen your skills and look good on your resume, it is not a guarantee that new doors will open for you. This is a critical factor to consider because an EMBA is not cheap, and employers are reimbursing for less than they used to.

Be clear about what you hope to gain from an executive MBA program from Wharton before enrolling, and keep your salary and career expectations realistic. EMBA programs, which are typically offered at a faster pace and do not require applicants to take the GMAT standardized entrance exam, are sometimes regarded as less prestigious than traditional, full-time MBA programs. (For example, there are numerous billboards advertising these programs, which is unusual for full-time MBA programs.)