Wharton School of Business: Ranking, Acceptance Rate, Courses, Fees
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Wharton School of Business: Ranking, Acceptance Rate, Courses, Fees

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Aishwarya
Aishwarya Bhatnagar
Study Abroad Expert
Updated on Jun 3, 2024 11:55 IST

Over 140+ years old, the Wharton School of Business has gained a reputation for its business courses. Master of Business Administration Wharton is the most reputed course offered, with a low acceptance rate. There are scholarships available in abundance for international students, along with fellowships for MBA grads. 

Wharton School of Business

Those applying to the University of Pennsylvania (UPenn) for its business courses at Wharton can expect tough competition. The article will discuss in detail about Wharton School of Business courses, admissions, rankings, placements, scholarships and fees.

Wharton School of Business Highlights

Parent University

University of Pennsylvania

Established in 

1881

Courses Offered

MBA, EMBA, Dual MBA, PhD, Online 

Admission Requirements

Bachelor’s, GPA, GRE/GMAT, IELTS/TOEFL, LORs

Fee Range

USD 26,000 - USD 246,000 (varies per course)

Financial Aid 

Fellowships offered based on merit

Total Alumni 

300,000+

Financial Aid Offered

100%

Top Reasons to Study at Wharton School of Business

From a variety of MBA options to choose from, Wharton School of Business offers various MBA programs along with other business-related programs. There are various reasons to consider if applying for admission to the Wharton School of Business and they are as follows:

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  • Wharton School of Business is one of the leading B-schools globally for its courses.
  • Studying at the Wharton School of Business allows applicants to grow professionally and academically by building a professional network.
  • The salaries at Wharton School of Business are lucrative that is, around USD 85,345 annual average salary with MBA graduates hired across 19 industries and 29 job functions.
  • There is an advancement towards leadership for applicants who hone their skills through the dynamic course curriculum offered at the Wharton School of Business. 
  • Also, 100% need is met for applicants who apply for scholarships through need-based scholarships at Wharton, thus, making the B-school more affordable. 

Apart from the above-mentioned reasons, the applicants can go for flexible curriculums and design them based on their comfort at Wharton School of Business. 

Wharton School of Business Ranking

Based on Wharton School of Business rankings across various agencies, the following ranking positions were held:

Agencies and Categories of Ranking

Wharton School of Business Rankings 2023-24

QS - Global MBA Rankings 2024

#2

World University Rankings 2024 by Subject: Business & Economics

#12

2023-2024 Best Business Schools: US News & World Report

#3

QS World University Rankings by Subject 2023: Business & Management Studies 2023

#6

From the above-given table, it can be noted that the Wharton School of Business ranks mostly within the top 10 positions by all major ranking agencies. Only THE ranks Wharton School of Business at #12 for its Business & Economics subject category. For more information, check out the University of Pennsylvania rankings.

Popular Courses at Wharton School of Business

Various types of courses are offered at the Wharton School of Business for international applicants. The most popular courses at Wharton School of Business are its MBA courses along with other courses. The courses offered at the Wharton School of Business are as follows:

  • MBA: Wharton MBA offers various specializations across 18 major areas, some of the popular ones include - Accounting, Business Analytics, Business Economics & Public Policy, Entrepreneurship & Innovation, and others. 
  • Dual MBA: There are various dual MBA programs offered at Wharton, these are offered across different departments altogether. 
  • EMBA (Executive MBA)
  • PhD is again offered across different areas of study that are related to business. 
  • Wharton Business Online courses: There are various Wharton Business online certificate courses offered. Online courses are offered across Technology, Leadership, Business Strategy and Wharton Online courses include Industry-specific courses as well.  

For more details on courses, check out University of Pennsylvania Courses.

Wharton School of Business MBA Requirements

For those aiming to apply for MBA admissions at Wharton School of Business, they will have to apply with the following documents:

Wharton School of Business Acceptance Rate

Since admissions at University of Pennsylvania are tough, MBA admissions are tougher. Wharton School of Business’s acceptance rate for MBA was around 14.1% for 2023 admissions. Despite a high number of applications around, 6,100+ only 874 applications were accepted. 

Thus, acceptance rates at UPenn are high and it is reflected in the admissions of various courses that are offered here. 

Wharton School of Business MBA Fees 2024

For Indian students looking for the Wharton School of Business MBA fee, can check out the table below for reference: 

Expense Heads

Wharton School of Business MBA Fees (1st year)

Wharton School of Business MBA Fees (2nd Year)

Tuition and Fees

USD 87,370

USD 85,370

Room and Board

USD 26,028

USD 26,028

Books, Supplies, Miscellaneous

USD 6,868

USD 6,868

Health Insurance

USD 4,210

USD 4,210

Total

USD 124,476

USD 122,476

Sub Total

USD 246,952 = INR 2,05,51,852

Based on the Wharton School of Business MBA fee in Rupees, Indian applicants can plan their expenses accordingly before they apply for admissions. 

Wharton School of Business Scholarships

At Wharton School of Business, the applicants are offered 100% need-based scholarships irrespective of the course they are applying to. Apart from Wharton School of Business scholarships, various fellowships are offered to applicants. These fellowships are majorly for MBA applicants. Those who qualify for a fellowship can get a confirmation in their offer letter itself. Wharton Fellowship Program includes the following are as follows:

  • Joseph Wharton Fellowship
  • Emerging Economy Fellowship
  • Prism Fellowship
  • Social Impact Fellowship
  • Corporate and Foundation Fellowship

Also, check out: University of Pennsylvania Scholarships

Wharton School of Business Placements

The following table shows an overview of Wharton School of Business placements for its MBA program for the MBA class of 2022 at UPenn’s B-school:

Total Job Offers in-hand

98.7%

% Students Accepted Offers 

96.2%

International Job Offers

4.8%

Median Annual Base Salary

USD 175,000

Median Sign-on Bonus

USD 30,000

Median Guaranteed Bonus

USD 30,000

Top Industries for Placement

  • Financial Services: 38.6%
  • Consulting: 24.3%
  • Technology: 16.9%
  • Healthcare: 5.6%
  • Retail: 2.5%

Top Employers 

Accenture Strategy, Apple, Bain & Company, Bank of America, Credit Suisse and others.

The average annual salary for MBA grads was USD 83,345 after they graduated from Wharton School of Business. Thus, salaries are high for those graduating with an MBA degree from Wharton School of Business. For detailed information, check University of Pennsylvania Placements.

Wish to take an MBA admission at UPenn? Sign up for Shiksha Topper Counselling and request a callback from our team of expert counsellors. You can also write to us in the comments below.

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Aishwarya Bhatnagar
Study Abroad Expert

Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio

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MBA Course in the US

Having Worked as an Academic Manager in Experiential Marketing earlier, Kalyani made her move to the study abroad vertical in 2017.Passionate about education and wanting to make a difference, Kalyani holds a B.Com d... Read Full Bio

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