Wharton MBA Overview

The Wharton School, part of the University of Pennsylvania (UPenn), holds the distinction of being the first business school in the United States and boasts the largest alumni network in the nation. Wharton’s MBA program focuses on a rigorous yet adaptable core curriculum in general business education, offering 21 majors and nearly 200 elective courses across 10 academic departments and various other schools within UPenn.

The faculty at the Wharton School continuously refine the curriculum to ensure it aligns with the ever-evolving business environment. The two-year program is divided into two main components: the fixed core and the flexible core.

The fixed core is delivered during the fall semester of the first year and comprises six challenging courses designed to provide students with essential skills for long-term career success. The flexible core can be tailored to fit the individual aspirations and backgrounds of students. This component can be pursued at any point during the MBA journey. Complementing both the fixed and flexible cores are a wide range of electives, offering students the opportunity to customise their educational experience to suit their interests.

Wharton faculty are at the forefront of their disciplines, with half actively consulting for businesses, non-profits, and governments globally. This extensive knowledge base enables a diverse array of courses that you won’t find at any other business school.

Wharton MBA Is Best Known For

Finance
Real Estate
Marketing
Executive MBA
Accounting
Business Analytics

Wharton MBA Quick Facts

Class Size

866

Admissions Statistics

  • Admissions Rate: 23%
  • Yield Rate: 62%

Demographics of New Entrants

  • Women: 47%
  • International Students: 31%

Required Standardised Test

GMAT / GRE

Average Standardised Test Score

  • Average GMAT: 732
  • Average GRE Quantitative: 163
  • Average GRE Verbal: 162
  • Average GPA: 3.70

Average Work Experience

5 years

Employment Outcomes

  • Median Salary: $175,000
  • Median Bonus: $30,000
  • Offers at 3 months: 98.7%

Industry Placement

  • Consulting: 28%
  • Finance: 5%
  • Tech: 10%

Wharton MBA Deadlines

The Wharton MBA application process is structured into three distinct rounds. To be eligible for a specific round, applicants need to ensure their completed application is submitted by 5:00 p.m. Eastern Time (ET) on the deadline date. Here are the application deadlines:

Application DeadlinesInterview InvitationsDecisions
Round 1September 4, 2024October 24, 2024December 10, 2024
Round 2January 3, 2025February 19, 2025April 1, 2025
Round 3April 2, 2025April 18, 2025May 13, 2025
Deferred AdmissionsApril 23, 2025May 29, 2025July 1, 2025

The application fee is $275 and non-refundable. Deferred applications have a reduced application fee of $100.

Candidates selected for an interview will receive an email notification on the specified Interview Invitation dates mentioned above. This email will contain a link for scheduling the interview, along with helpful resources to assist in preparation.

Wharton MBA Application Process

A. Evaluation Criteria

In the Wharton MBA program, each application undergoes review by two evaluators who are unaware of each other’s comments. This approach minimises bias and ensures that every applicant has an equal opportunity for admission.

The program seeks individuals who can enhance the Wharton classroom experience, engage with the Wharton community, and make a positive impact in their careers after earning their MBA. Applicants should aim to reflect these three dimensions in their submissions.

B. Education

For Wharton MBA, applicants will need to submit:

Transcripts from all undergraduate and graduate academic programs that the applicants attended

  • Programs must be from accredited U.S. colleges or their equivalents in another country
  • Unofficial or student copy of transcripts are accepted online. Upon admission, an official copy will be requested for verification

GMAT/GRE scores

  • Applicants can self-report their scores, starting with their highest achievement. Once an admission offer is made, official scores will be requested for confirmation
  • The Analytical Writing Assessment (AWA) section is optional
  • Wharton MBA Class of 2026’s median average GMAT score is 732, average GRE Quant score is 163, and average GRE Verbal score is 162

English language test

  • Accepted tests: TOEFL iBT, PTE, IELTS, Duolingo English Test
  • Required if applicants didn’t attend an institution where English was the language of instruction

C. Resume

Candidates are required to submit an up-to-date, one-page resume that emphasises their relevant job skills, extensive experience, leadership abilities, and potential for future development.

The program invites applicants to quantify their experiences and illustrate the significance of their contributions throughout their careers, regardless of how many years of experience they have had. There is no set minimum or maximum for work experience; however, it’s worth noting that the average work experience for the Wharton MBA Class of 2026 is around 5 years.

Below are some resume-writing tips from Wharton MBA Admissions Committee:

  • Limit to one page: Wharton requires that the submitted resume be limited to a single page. A concise resume enhances readability, allowing candidates to focus on and emphasise their most significant qualifications while showcasing their critical thinking abilities
  • Use bullet points: Each role should be described with bullet points that go beyond a simple job description. The Admissions Committee will scrutinise each resume for evidence of growth, increased responsibilities, achievements, and demonstration of skills such as analysis, communication, teamwork, collaboration, leadership, and overall impact. Be sure to quantify the results of key projects using metrics like team size, revenue growth, cost savings, valuations, project timelines and budgets, return on investments, and deals closed
  • Highlight work experience: There are no specific requirements for the number of years of work experience needed. When detailing past employers, candidates should not assume the Committee is familiar with every company. If the employer is not widely recognised, it’s advisable to include a brief 1-2 sentence description of the company

D. Essays

All applicants must submit two essays, which serve as a chance for the Admissions Committee to understand them both professionally and personally.
For those reapplying, there is an extra essay to complete. Additionally, applicants have the option to include an essay to provide any further information they wish to share.

Essay 1: 

How do you plan to use the Wharton MBA program to help you achieve your future professional goals? You might consider your past experience, short and long-term goals, and resources available at Wharton.

  • Limit to 500 words
  • This section invites applicants to reflect on their personal experiences and aspirations, and to explore how these connect with the Wharton MBA program
  • Tip from the Admissions Committee: Approach this essay by addressing these three points:
    1. The Setup: This is who I am, what I’m doing, and what I’ve learned
    2. The Pivotal Moment: I realized I don’t know enough about X and need to gain skills in X to succeed
    3. The Future: These are my short-term and long-term goals, and why I need an MBA from Wharton to achieve them
  • The essence of Essay 1 lies in illustrating not just what applicants hope to gain from the Wharton MBA program, but also what they can contribute to the Wharton community through the insights and skills they will acquire during their studies, alongside their previous experiences. To achieve this, applicants must showcase a clear and detailed understanding of how the Wharton MBA will help them reach their aspirations. Dedicating time to explore the school’s curriculum, unique programs, and extracurricular opportunities—whether by reaching out to alumni or current students or scouring resources available on the Wharton website—will greatly assist applicants in creating a persuasive essay.

Essay 2: 

Taking into consideration your background – personal, professional, and/or academic – how do you plan to make specific, meaningful contributions to the Wharton community?

  • Limit to 400 words.
  • This section invites applicants to contemplate their distinct experiences and consider how they can enrich the Wharton community. The Admissions Committee seeks individuals who will leave a mark, whether in their professional endeavours or other pursuits, and actively engage in various facets of life at Wharton.
  • Tip from the Admissions Committee: Highlighting the extracurricular and co-curricular activities that applicants aspire to engage in at Wharton can be beneficial. Additionally, discussing how their past experiences could enable them to make a positive impact in those areas is important.
  • The core of Essay 2 is to find a balance between reflecting on the applicants’ past experiences and connecting those experiences to their future contributions at Wharton. This connection should emphasise their potential journey as MBA students and their future roles as alumni. It is essential that the transition from past to future is clear and aligns with the applicant’s professional and personal goals. This strategy will offer the Admissions Committee a detailed and engaging picture of the applicants.

Reapplicant Essay:

Please use this space to share with the Admissions Committee how you have reflected and grown since your previous application and discuss any relevant updates to your candidacy (e.g., changes in your professional life, additional coursework, and extracurricular/volunteer engagements)

  • Limit to 250 words.
  • In addition to the required Essays 1 and 2, reapplicants will also need to complete this essay.
  • Reapplicants should keep their responses concise due to the word limit, clearly outlining the specific actions they have taken to improve their applications. This may include boosting their GMAT or GRE scores, gaining additional professional experience, or deepening their understanding of the Wharton MBA program, among other relevant steps.

Optional Essay:

Please use this space to share any additional information about yourself that cannot be found elsewhere in your application and that you would like to share with the Admissions Committee. This space can also be used to address any extenuating circumstances (e.g., unexplained gaps in work experience, choice of recommenders, inconsistent or questionable academic performance, areas of weakness, etc.) that you would like the Admissions Committee to consider.

  • Limit to 500 words.
  • The Admissions Committee recommends that applicants present this essay either as a cohesive paragraph or in bullet points to provide any extra context they feel is necessary. It’s important to keep the content clear and focused.

E. Letters of Recommendation

The Wharton MBA program asks for two letters of recommendation from individuals who are familiar with the applicant’s work performance, ideally from a current or past supervisor.

Recommenders will need to select four characteristics from a provided list that they believe best describe the applicant, in addition to responding to two specific questions below:

  1. Please provide example(s) that illustrate why you believe this candidate will find success in the Wharton MBA classroom. (300 words)
  2. Please provide example(s) that illustrate why you believe this candidate will find success throughout their career. (300 words)

Here are some tips from the Admissions Committee:

  • Choosing recommenders: The title or position of the recommender is not as important as their ability to comment knowledgeably and specifically about the applicants. A detailed recommendation from a current or former supervisor, colleague, or client will provide Wharton more insight than someone with a prestigious title like CEO.
  • Preparing recommenders: Provide the recommender with a copy of the applicant’s resume, essay answers, and a list of projects and responsibilities the applicants would like them to highlight. Provide reminders to recommenders to make sure they submit by the application deadline. Applicants can still submit their application even if the recommendations are not completed yet.
  • Non-traditional recommenders: If the applicants are self-employed or working for a family business, they can ask their professional mentors, clients, or business partners to write their recommendations.

F. Interviews

Interviews for the MBA program are offered by invitation only.

The interviews are conducted in a Team Based Discussion format, lasting 35 minutes in a virtual group setting. During this exercise, applicants will collaborate with 5-6 randomly selected fellow MBA candidates. The discussion will be guided by a specific prompt and objective, allowing the team to work collectively towards a concrete result. After this group discussion, each applicant will participate in a 10-minute individual interview with a member of the admissions committee to discuss their performance during the discussion.

The Admissions Committee will share all essential information with applicants ahead of time for this discussion. They recommend that applicants keep the following points in mind:

  • Personal skills and strengths: Reflect on the various strategies applicants have employed in the past to advance their team(s). These insights could assist their team in achieving the best possible results during the discussion.
  • Adaptability: Recall previous experiences where applicants successfully adjusted to different group dynamics.
  • Authenticity: There is no predetermined role that applicants need to fulfil. They should remain authentic and showcase their unique strengths.
  • Relax: Receiving an interview invitation indicates that the Admissions Committee views applicants as a strong candidate for the Wharton MBA program. They should aim to enjoy this stage of the process.

Photograph by Ajay Suresh, distributed under a CC-BY 2.0 license.

Cost of Attendance and Financial Aid

Below is the Wharton MBA tuition and cost breakdown. These costs do not include extra-curricular activities (clubs, costs of attending networking events, student trips, etc)

First-year budget, 2024-2025

Tuition$84,830
University Fees$4,670
Living Expenses$33,804
Health Insurance$4,412
Total$127,716

Second-year budget, 2024-2025

Tuition$83,830
University Fees$4,670
Living Expenses$33,804
Health Insurance$4,412
Total$126,716

All students who are accepted are evaluated for Wharton Fellowship support through their admission application. The selection criteria for the fellowship take into account distinctive personal attributes and experiences, academic success, outstanding professional growth, and contributions to the community.

Our Verdict

Difficulty: Highly Selective

To stand out among the crowds of accomplished applicants, you’ll need to highlight the soft skills you bring to the table in addition to your academic and professional achievements.

Free MBA Admissions Consultation & CV Review

In this free 1-hour MBA consultation session, our coaches will assess your CV, and give you an effective game plan for your MBA applications. Specifically, we will:

  • Discuss your career aspirations in length
  • Help you understand what short and long-term career goals you could explore
  • Define the most suited MBA programs for you
  • Evaluate your chances of admissions
  • Advise you on the strengths and weaknesses of your candidacy and identify potential pitfalls
  • Provide you with an ideal timeline and strategy based on your desires

Simply register using the form on this page, and we will get in touch to finalise your consultation slot.

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