The Wharton School Acceptance Rate.
Regarded as one of the best business schools in the world, The University of Pennsylvania’s Wharton School has produced top CEOs and business tycoons over the years.
Elon Musk, the creator of SpaceX, Donald Trump, a former U.S. president, and even Warren Buffett, one of the most successful investors alive, are all graduates of the Upenn Wharton School. The school has good funding and is endowed with over $1 billion.
The school has a special preference for admitting only the brightest students in the globe, Hence the reason for its dominance amongst the majority of business schools.
Not to add that UPenn is situated in one of the most well-known American towns, Philadelphia, which is a wonderful location for students to network with like-minded business owners.
The University of Pennsylvania Wharton School offers both Undergraduate and graduate business degrees, including MBAs. And graduates of this business school are amongst the highest-paid workers in the nation.
In this article about The Wharton School Acceptance Rate, we will examine what makes UPenn Wharton School one of the most prestigious and outstanding institutions in the world.
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UPenn Wharton School Acceptance Rate
UPenn Wharton School acceptance rate for undergraduates stands at 9%. The acceptance rate may vary dramatically from year to year. And is mostly less than 10%.
One way to increase your chances of gaining admission into Upenn Wharton School is to use the early choice approach.
When a student applies to a school early decision, it shows a strong commitment on their part. If accepted, an early decision applicant MUST enroll at the school.
Nearly 1 in 5 early decision applicants get accepted by the University of Pennsylvania overall due to this additional layer of shown interest and commitment. Similar statistics apply to Wharton School, where early-decision applicants have a noticeably higher chance of admission.
UPenn Wharton School Tuition
The Tuition and cost of attending Upenn Wharton School are quite high. The estimated annual cost of an MBA at Wharton School is $115,464 when all costs are taken into account. Although a bit costly, this is actually on par with MBAs at the majority of elite universities. The cost of an MBA from Harvard or Columbia is comparable to that of UPenn.
The annual cost of tuition and fees for an undergraduate degree at Wharton is roughly $61,000, which is significantly cheaper than other universities.
However, there are ways to save money on tuition. For some of the selected applicants, UPenn Wharton School does provide numerous fellowships at the MBA level.
The Joseph Wharton Fellowship is one of these fellowships, which is given to students with outstanding academic and professional achievements. Students from emerging economies are also eligible for the Emerging Economies Fellowship. This includes foreign cities and nations for the later award.
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UPenn Wharton School Requirements
Candidates applying to the UPenn Wharton School at both the undergraduate and graduate levels must satisfy some requirements:
Generally speaking, the requirements for attending business schools are more flexible than those for medical school. For instance, there are no prerequisite undergraduate courses that a candidate must pass in order to be admitted to UPenn Wharton School.
Nevertheless, there are undoubtedly standards that an undergraduate or MBA applicant must achieve.
Grades are important while applying to an Ivy League institution. At UPenn Wharton School, an incoming undergraduate student’s GPA is 3.9 on average.
Additionally, an incoming student’s average SAT score is between 1470 and 1550, and their average ACT score is between 34 and 36. A 36 on the ACT is a perfect score for context’s sake.
An applicant for an MBA typically has a GPA of 3.5. Additionally, the average GMAT score is 733, which is excellent and comparable to scores from other top MBA programs.
Students applying will also need to take the Graduate Record Exam, or GRE, in addition to the GMAT. At UPenn Wharton School, the GRE’s typical score is 162.
Essays are yet another crucial need in addition to test scores.
Two essays must be written by the UPenn Wharton School MBA applicant in order to be considered for admission. Both essays are brief, thus each and every word and syllable is highly important.
What a Wharton MBA will do for your future professional career is the first prompt. How will you contribute to the Wharton community is the second prompt.
These writings total less than 1,000 words or roughly three to four double-spaced pages.
UPenn Wharton Notable Alumni
Over the years, UPenn Wharton School has boasted an impressive list of alumni. Elon Musk and Warren Buffett, two of the most influential graduates, have already been recognized.
Other notable alumni include well-known figures in trade, technology, and business. Graduate of UPenn Wharton, Sundar Pichai is the CEO of Alphabet Inc., the organization that owns Google.
Speaking about Google, Ruth Porat, the company’s current CFO, graduated from the University of Pennsylvania.
Wharton alumnus and media mogul Mortimer Zuckerman has a net worth of close to $3 billion, according to Forbes Magazine. Later on, he came to acquire a number of significant periodicals, including The Atlantic and the New York Daily News.
The former CEO of Apple and the former president of Pepsi both attended UPenn Wharton. One of the most significant and prominent businessmen of the 20th century, John Sculley is now in his 80s.
Peter Lynch, a fund manager, also attended UPenn Wharton. Later, at Fidelity Investments, he managed the Magellan Fund, which between 1977 and 1990 generated returns of an average of 29.2% per year. Even the most trustworthy index funds, like the S&P 500, are far smaller than this.
Former and current CEOs of significant corporations including General Electric, Oracle, and Comcast are among the other alumni.