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The Wharton School Acceptance Rate 2023

The Wharton School Acceptance Rate. The University of Pennsylvania’s Wharton School is a dominant force in the Ivy League and is regarded as one of the world’s top business schools. It has produced some of today’s most notable CEOs, executives, and politicians.

Upenn Wharton school is not only a well-known institution but also extraordinarily well-funded for a business school, with an endowment of more than $1 billion. Elon Musk, the creator of SpaceX, Donald Trump, a former president, and even Warren Buffett, the most successful investor alive, are all graduates of the Upenn Wharton School.

Given the school’s preference for enrolling only the brightest students in the globe, Wharton’s dominance of the majority of business school rankings lists is scarcely surprising.

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.

Both undergraduate and graduate business degrees, as well as MBAs, are offered at the University of Pennsylvania Wharton School. Additionally, with starting wages of around $160,000 annually, UPenn Wharton School graduates have among of the highest starting salaries in the nation!

We’ll explore what makes UPenn Wharton school one of the most fascinating and outstanding universities in the world today. We’ll talk about things like acceptance rates, alumni, admission requirements, ranking in important journals, and more.

The Wharton School Campus

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UPenn Wharton School Acceptance Rate

The admittance rate for undergraduate students at UPenn Wharton School is about 9%. This demonstrates that UPenn Wharton’s acceptance rate is about the same as that of the entire school and is really the same percentage as the admitted class of 2024 at the entire University of Pennsylvania.

The acceptance rate may vary dramatically from year to year. It almost seldom rises above 10% overall though.

If UPenn Wharton School is your top school choice, there is a way to greatly raise your acceptance rate. Early choice is used in this 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.

The admission rate for the class of 2023 was a little higher than typical. While 7,338 applicants submitted applications, only 897 were accepted.

However, since the idea of yield dictates that colleges take more students than they anticipate committing, more than 897 were accepted. The average yield at the University of Pennsylvania is around 70%, which means that 70% of those who are admitted choose to enroll there.

UPenn Wharton School Tuition

The cost of attending the Upenn Wharton School is high. The annual tuition and expenses for a student seeking an MBA are a startling $83,230!

The estimated annual cost of an MBA at Wharton school is $115,464 when all costs are taken into account. Although it can appear pricey, 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.

Having saying that, 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.

Without a doubt, an MBA at UPenn Wharton school or any other school is expensive; for some students, scholarships and fellowships are essential.

We advise making a lot of MBA program applications and getting the highest GMAT score attainable. The likelihood of receiving a high scholarship increases significantly by using a broad search strategy and achieving good test scores for business school.

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UPenn Wharton School Requirements

There are various requirements that UPenn Wharton School may have of a candidate at both the undergraduate and graduate levels.

Wharton’s website offers some general guidance, such as showcasing both leadership and business interest.

It is true that, 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.

A 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

In terms of alumni, UPenn Wharton School may be the most stunning business school in the entire globe. Elon Musk and Warren Buffett, two of the most influential graduates, have already been recognized.

But this is just the start of the list.

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.

UPenn Wharton Ranking

None other than US News, the most widely read journal worldwide for college rankings, now has the authoritative ranking of MBA programs.

UPenn Wharton is now ranked as the second-best MBA program in the nation by US News. Stanford University, which greatly benefits from its position in Silicon Valley alongside the world’s most successful businesses, holds the top spot.

Wharton is ranked #2 globally by the QS Top Universities, another significant rating source. Who occupies the top slot on the QS Top Universities list, you might wonder? Yes, it is Stanford once more.

Though several of the most prestigious universities in the world, such as MIT, Harvard, and the London Business School, UPenn Wharton is in front of them.

In contrast to publications focused on higher education like US News and QS, a business-first magazine has also issued a list of the top MBA programs.

Fortune Magazine ranks Wharton as the third-best MBA program in the nation, just after Stanford and Harvard.

Conclusion

Without a doubt, the chance to attend Wharton is once in a lifetime.

It takes extraordinary skill, grades, and academic ability to be accepted into this elite university.

Having a stellar GPA is insufficient for undergraduate study. Additionally, great performance on standardized tests is required for admission.

And even though many applicants have the grades and exam results, they are still rejected!

The other components of an application, such as the essays, the difficulty of the courses chosen, and the evidence of leadership, are all very important.

Not to add that early decision is considerably more likely to result in acceptance at the undergraduate level than normal decision.

Regardless of the requirements, the alumni track record speaks for itself. These are some of the highest-paid individuals in the world, capable of directing businesses of all kinds.

Wharton should be at the top of your list if you want to attend business school in one of the country’s most cosmopolitan cities, the City of Brotherly Love.

At the undergraduate level, students receive an economics degree, and at the graduate level, they receive an MBA.

You can’t go wrong at UPenn Wharton, whether your goal is to comprehend the science of economics or to get one of the top earning MBAs in the world.

FAQS on The Wharton School Acceptance Rate

What GPA is needed for Wharton?

The UPenn Wharton average GPA is 3.6 out of 4.0 for the most recent class of admitted students. GPA is important but not the sole indicator of academic strength. You can't do anything to change your undergraduate GPA now so work on the other parts of your application to balance out your less-than-average GPA

Is it harder to get into Wharton or Harvard?

Being accepted into the MBA program at Wharton is no cakewalk. The most recent acceptance rate for MBA applicants was 19.2%. While this is higher than, say, Harvard Business School's acceptance rate of 12% or MIT Sloan's of 14.6%, it shows that no one simply walks into this coveted program.

Is Wharton harder to get into than Penn?

Wharton (9% acceptance rate) is the most competitive school, while the UPenn School of Nursing (25% acceptance rate) is the least competitive of the four.

Is Wharton an Ivy League?

The Wharton School of the University of Pennsylvania (/ˈhwɔːrtən/ WHOR-tən) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia.

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