24 Facts About Wharton School

MBA graduates of Wharton earn an average $159,815 first year base pay not including bonuses, the highest of all the leading schools.

Wharton School alumni include former US President Donald Trump, SpaceX founder Elon Musk, and billionaire investor Warren Buffett.

Joseph Wharton School, a native Philadelphian, was a leader in industrial metallurgy who built his fortune through the American Nickel Company and Bethlehem Steel Corporation.

Early on, the Wharton School faculty was tightly connected to an influential group of businessmen, bankers, and lawyers that made up the larger Philadelphia School of Political Economy.

Wharton School's work laid out what became the standard procedure for measuring the gross national product and the gross domestic product, and he later led an international effort to establish the same statistical information for all national economies.

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Wharton School served in several capacities in the federal government, most notably as a mediator and arbitrator.

Wharton School established the goal of professionalism in the field of insurance, developed the first collegiate-level program in insurance and chaired the Department of Insurance at Wharton, and contributed greatly to the progress of adult education in this area.

In 1946, after ENIAC was created at Penn, Wharton created the first multidisciplinary programs in technology management with the School of Engineering and Applied Science.

Wharton School's first business professor was an attorney, Albert Bolles.

Wharton School wanted to include training in banking, railroading, merchandising, manufacturing, and other similar branches, and expand the course's length to four years from the initial three.

The Wharton School improved its reputation from a bunch of academic "misfits, " and some of its alumni rose in the US business world.

In 1959, Wharton adopted the curriculum that is taught in most major business schools: the program was changed with liberal arts education doubling to almost half of the curriculum, and the social sciences department was moved to the University of Pennsylvania School of Arts and Sciences in 1975.

Since then, Wharton School faculty have focused exclusively on business education.

Jay H Baker Retailing Center at Wharton was permanently endowed by alumnus Jay H Baker in 2010.

Wharton School is both the first woman and the first African-American to lead the business school.

Philadelphia campus of the Wharton School has four primary buildings, Jon M Huntsman Hall, Steinberg Hall-Dietrich Hall, Vance Hall and Lauder-Fischer Hall.

In 2014, the Wharton School launched the Student Life Space in Philadelphia's central business district.

In 2001, Wharton School launched a satellite campus in San Francisco, California.

Prospective Wharton candidates apply in their senior year of high school either through the early decision process or regular decision process.

Unlike many other undergraduate business programs where students transfer in after their freshman or second year, Wharton applicants apply specifically for Wharton during their senior year of high school.

Wharton School offers two paths, an MBA for full-time students and an MBA for executives.

Wharton School operates the Aresty Institute of Executive Education, a center for continuing business education for senior executives.

Wharton School offers more than 50 open enrollment programs for individuals on campuses in Philadelphia, San Francisco, and Beijing, China.

Wharton School Online offers a Leadership and Management Certificate and a Business Analytics Certificate.