The Wharton School

^[1]

Mission	Apply unparalleled intellectual resources to prepare business leaders who fuel the growth of industries and economies throughout the world
Established	1881
Official name	The Wharton School
University	University of Pennsylvania
School type	Private
Endowment	$691 million
Dean	Thomas Robertson
Faculty	304
Undergraduates	2,304
Graduates	1,671
Alumni	81,000
Location	Philadelphia, PA, USA

The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. Year 1881 ( MDCCCLXXXI) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA. For the film of this title see Private School (film. Private schools, or Independent schools are Schools not administered Philadelphia (ˌfɪləˈdɛlfiə The Commonwealth of Pennsylvania ( often colloquially referred to as PA (its abbreviation by natives and Northeasterners is a state located in the Northeastern The United States of America —commonly referred to as the A business school is a university-level institution that confers degrees in Business Administration The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA. Philadelphia (ˌfɪləˈdɛlfiə It was established in 1881 through a donation of Joseph Wharton, making it the world’s first collegiate business school. Year 1881 ( MDCCCLXXXI) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common Joseph Wharton ( March 3, 1826 &ndash January 11, 1909) was a prominent Philadelphia merchant industrialist and philanthropist who ^[2]

In conjunction with the other schools and colleagues of the university, Wharton grants B.S., MBA, offers a Ph.D. program ^[3], and holds several diploma programs. A Bachelor of Science ( BS, BSc or BSc in the UK; less commonly S The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines "PhD" redirects here for other uses see PhD (disambiguation. With the most electives of any business school, Wharton offers concentrations in Accounting, Business and Public Policy, Entrepreneurial Management, Environmental Management, Finance, Health Care Systems, Human Resource and Organizational Management, Insurance and Risk Management, Legal Studies and Business Ethics, Management, Marketing, Multinational Management, Operations and Information Management, Real Estate, Retailing, Statistics and Strategic Management.

Since the 1990s, the popular and financial press has consistently ranked Wharton as one of the world's top institutions for business education. ^[4] Moreover, it has been ranked the best business school in the world by the Financial Times in every year in which the newspaper has ranked business schools, except for 2005, when it tied with Harvard Business School. The Financial Times ( FT) is a British international business Newspaper. Harvard Business School ( HBS) is a renowned Business school in the United States ^[5] Wharton usually receives the highest reputation scores from academics and recruiters. ^[6]

The school has over 300 faculty members, translating to an 8:1 student-to-faculty ratio. The school's faculty are the world’s most published and most cited among business schools ^[7]. Research published in the peer-reviewed Academy of Management Journal ranked Wharton as top institution in the simultaneous pursuit of scholarly achievements and excellence in teaching ^[8]. The Academy of Management (the Academy AoM is one of the premiere professional associations for scholars dedicated to creating and disseminating knowledge about management and organizations Most recently, the Chronicle of Higher Education rated Wharton's Marketing and Management departments as the first and second in the world for research productivity, respectively. The Chronicle of Higher Education is a Newspaper that represents a source of news information and jobs for college and university faculty and administration ^[9]

The admissions process at Wharton is highly selective — it is one of the most competitive business schools in the U. S. A high GPA, high GMAT score, and very strong non-quantitative credentials are typically prerequisites to admission. In Education, a grade (or mark is a teacher's standardized Evaluation of a Student 's work GMAT redirects here for other uses see GMAT (disambiguation. The Graduate Management Admission Test (GMAT pronounced G-mat is

The School publishes an influential ^[10] on-line journal, Knowledge@Wharton, that is "the envy of every other school",^[11] and a newly established publishing house Wharton School Publishing. Wharton School Publishing (known colloquially as WSP is a publishing house a division of The Wharton School and Pearson Education. Wharton maintains the world's largest financial, economics, management, marketing, and public policy data warehouses accessible through state-of-the-art web-based data management services, called WRDS.

History

Logan Hall, former home of The Wharton School

The Wharton School, the world’s first business school^[12], was founded in 1881 by Philadelphia industrialist and philanthropist Joseph Wharton. Joseph Wharton ( March 3, 1826 &ndash January 11, 1909) was a prominent Philadelphia merchant industrialist and philanthropist who A native Philadelphian, Wharton became a leader in industrial metallurgy and built a fortune through his American Nickel Company and Bethlehem Steel Corporation. The anvil, a School symbol, reflects Wharton’s pioneering work in the metal industry. Joseph Wharton envisioned creating a new collegiate foundation that would produce educated leaders of business and government. From the beginning, he defined the goal of the Wharton School of Finance and Commerce (its original name) to be: "to provide for young men special means of training and of correct instruction in the knowledge and in the arts of modern Finance and Economy, both public and private, in order that, being well informed and free from delusions upon these important subjects, they may either serve the community skillfully as well as faithfully in offices of trust, or, remaining in private life, may prudently manage their own affairs and aid in maintaining sound financial morality: in short, to establish means for imparting a liberal education in all matters concerning Finance and Economy. "

Setting an early standard for innovation, Wharton published the first business textbooks, established the first research center at a business school, created the first center for entrepreneurship, created the first program in international management, established the first MBA in health care and real estate, and developed the first executive education program. To this day, it is regarded as one of the world's leading business and management schools, and employs the world's largest, most cited faculty with 304 standing and associate members.

Academics

Jon Huntsman Hall

The school has 305 standing and associated faculty, 11 academic departments and 20 research centers and initiatives. Jon Meade Huntsman Sr (born 1937 in Blackfoot Idaho) is an American businessman & Philanthropist. The institutional mission of the Wharton School: to apply unparalleled intellectual resources to prepare business leaders who fuel the growth of industries and economies throughout the world.

Academic Departments

Research Centers

Wharton MBA Program (MBA)

Nineteen majors are available to Wharton MBA students, who can also elect to pursue double majors or individualized majors. During their first year students pursue a required core curriculum. After completing the first year, electives are available. The MBA program offers nearly 200 electives within Wharton's 11 academic departments, the largest selection of any business school. Elective used as a adjective means that it is optional and chosen for example by election ^[13] Thousands of other University electives are also offered through other Penn schools. The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA. MBA students may also spend term time at INSEAD's Fontainebleau and Singapore campuses. INSEAD is an international graduate Business school and research institution with campuses in France and in Singapore. Wharton also offers MBA Program for Executives which is a two-year, weekend residential program built on the same curriculum as regular MBA program. Executive program is offered in two locations: on the Wharton campus in Philadelphia and at Wharton West in San Francisco

Wharton's required pre-term includes coursework, waiver testing, and the "Learning Team Retreat". Philadelphia (ˌfɪləˈdɛlfiə The City and County of San Francisco is the fourth most populous city Coursework includes introductory and review courses in financial accounting, microeconomics, statistics, and financial analysis. Preparatory courses cover material not included in Fall coursework that students are expected to understand. In addition, Pre-term includes classes on business history and languages, as well as short seminars in communication skills, computing technology, trading simulations, and career management.

Offered on a quarterly schedule throughout the first year, core courses cover traditional management disciplines finance, marketing, statistics, and strategy, as well as the leadership, ethics, and communication skills needed at senior levels of management.

Academic Honors for MBA Program

William L. Mack Plaza

The top academic honor in the Wharton MBA Program is the Palmer Scholar designation, given to the top 5% of the graduating MBA class. Students who rank in the top 20% of the graduating class after both their first and second years are awarded Graduation with Honors. Students who rank in the top 20% of their class after the first year are awarded First Year Honors.

The student (or students) with the top cumulative GPA at the end of the first-year of the MBA Program is awarded the Ford Fellowship.

Only grades earned from courses taken at Wharton qualify for academic honors. Courses taken Pass/Fail or electives taken outside of Wharton do not count towards the eligibility for academic honors, but do count towards the MBA degree.

Wharton Doctoral Programs Wharton grants PhD degrees (as opposed to some programs, which grant DBAs. "PhD" redirects here for other uses see PhD (disambiguation. The degree of Doctor of Business Administration (DBA is a research doctorate ) It take approximately four to six years to complete the program. Eleven fields of specialization are offered by the program: Accounting, Business and Public Policy, Ethics and Legal Studies, Finance, Health Care Systems, Insurance and Risk Management, Management, Marketing, Operations and Information Management, Real Estate, and Statistics. The entering class of 2005 contained 34 students, half of which were U. S. citizens. The average age of an entering student is 26. All Wharton doctoral students are funded. ^[14]

International study Options for international study and experience include Wharton's Lauder Institute, the Global Immersion Program, Leadership Ventures, Global Consulting Practicum, and exchange programs with schools in 11 countries, including an INSEAD alliance.

Dual and joint degrees

Silverman Hall, Penn Law School

Wharton MBA students may pursue a dual degree with Lauder Institute, Johns Hopkins' School of Advanced International Studies or in one of the graduate schools at the University of Pennsylvania:

• Biotech - MBA/MB with the Penn School of Arts and Sciences
• Design - MBA/MArch, MBA/MLA, MBA/MCP, MBA/MHP with Penn School of Design
• Education - MBA/MS with Penn Graduate School of Education
• Engineering - MBA/MSE with the Penn School of Engineering and Applied Science
• International Studies - MBA/MA with The Lauder Institute
• Medical Sciences - MBA/MD with Penn School of Medicine, MBA/DMD with Penn School of Dental Medicine, and MBA/VMD, MBA/PhD,and MBA/MS with Penn School of Veterinary Medicine
• Law - MBA/JD with Penn Law School
• Nursing - Nursing and Health Care Management, MBA/MSN, MBA/PhD with the Penn School of Nursing
• Social Work - MBA/MSW with the Penn School of Social Policy and Practice

Wharton Undergraduates may pursue joint degrees in engineering through the Jerome Fisher Program in Management and Technology, international business through the Huntsman Program in International Studies and Business, Nursing & Health Care Management, and a joint program in life sciences and business through the The Roy and Diana Vagelos Program in Life Sciences and Management. The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA. The University of Pennsylvania 's School of Medicine, presently located in the University City section of Philadelphia, Pennsylvania, was University of Pennsylvania School of Dental Medicine is one of the professional schools of the University of Pennsylvania. The University of Pennsylvania Law School is the law school of the University of Pennsylvania, located in Philadelphia Pennsylvania. The Jerome Fisher Program in Management and Technology is a Joint-Degree Program offered at the University of Pennsylvania for undergraduates The Huntsman Program in International Studies & Business, formerly known as the IS&B Program, is a four-year undergraduate course of study which integrates business The Vagelos Program in Life Sciences and Management is a 4-year dual-degree undergraduate program of the School of Arts & Sciences and the Wharton School of the University Undergraduates may also, independent from these programs, pursue dual degrees with any of Penn's three other undergraduate schools.

Alumni network

Main article: List of Wharton School alumni

Wharton alumni network has 81,000+ members in 142 countries around the world. The Wharton Alumni network has 81000+ members in 142 countries around the world There are eighty-two alumni clubs providing support to the School. In addition to the annual campus-based Wharton reunion, Wharton partners with its alumni clubs to mount three annual Global Alumni Forums around the world.

Rankings

On December 5, 2003 Wharton enacted a policy of declining to actively participate in the rankings of business school programs,^[15] citing concerns for alumni and students' privacy. Events 63 BC - Cicero reads the last of his Catiline Orations. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. ^[16] Some recent rankings were:

See also

• Ivy League business schools
• List of United States business school rankings
• List of business schools in the United States

References

Books on Wharton

• Nicole Ridgway, The Running of the Bulls : Inside the Cutthroat Race from Wharton to Wall Street, Gotham, 2005.
• Steven A. Sass, Pragmatic Imagination: A History of the Wharton School, University of Pennsylvania Press,1983.
• Emory Richard Johnson, The Wharton school: Its fifty years, University of Pennsylvania Press, 1931.

External links