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University of Pennsylvania: Wharton


Wharton MBA CurriculumThe Philadelphia campus hosts the 24-month Wharton Full-time MBA program with the latest class enrolling 850 students. The focus of the Full-time program is to make the students better decision makers, encourage them to take risks, test their Entrepreneurial skills, and give them the opportunity to work with diverse groups in Global communities.

Wharton MBA Class Profile

Although not as popular as Harvard, Wharton ranks among the top five popular MBA programs in the world with the Class of 2016 receiving 6111 applications, enrolling only 859 students - a 14% acceptance rate. The mean GMAT for the class is 728 with 80% of the class scoring in the 710 to 750 range. 31% of the class was international students. Interestingly, minority students had a wider representation this year with 30% of the Americans in the class represented by a minority group (African-American, Asian-American, Native American, and other multiethnic backgrounds).

The Wharton MBA program has a similar class profile to Stanford MBA program with the Humanities/Social Science/Economics group taking the...


Wharton MBA Admission Updates
Nov 6th 2014: All Round 1 Applicants have been notified of the interview status, despite the technical glitches that the Wharton team faced while sending the messages on time. The on-campus interviews will happen during the months of November and December.

For International applicants and those who can’t make it to the campus, the off-campus interview will happen in:

• Dubai
• London
• Mumbai
• San Francisco
• Sao Paulo
• Seoul
• Shanghai
• Singapore
• Tokyo and
• Philadelphia
For any questions contact the Wharton MBA Admission office at 215-898-6183 or email the team at mba-admiss@wharton.upenn.edu

For Comprehensive MBA Admission Interview Tips and Tricks, Download F1GMAT's MBA Admission Interview Guide

Mar 28 2013:
Ankur Kumar, the Director of Admission at Wharton has announced the Interview decision dates for Round 3 applicants. It would be April 5th 2013. The Team Based Discussion and...


Wharton MBA Application deadline for the year 2014-15 has been released.

MBA Program

                                 Deadline                Decision Release Date
Round 1                     October 1, 2014      December 16, 2014
Round 2                     January 5, 2015      March 24, 2015
Round 3                     March 26,2015        May 5, 2015

MBA/MA–Lauder Program

                     ...


Wharton has released the MBA Application Essay Questions for the Class of 2017. Here is the question:

REQUIRED QUESTIONS

1. What do you hope to gain both personally and professionally, through the Wharton MBA? (500 words)

Related: Download Wharton MBA Essay Guide

FOR REAPPLICANTS
All reapplicants to Wharton are required to complete the Optional Essay.  Please use this space to explain how you have reflected on the previous decision on your application and to discuss any updates to your candidacy (e.g., changes in your professional life, additional coursework, extracurricular/volunteer engagements). You may also use this section to address any extenuating circumstances. (250 words)

OPTIONAL Question FOR All applicants

If you feel there are extenuating circumstances of which the Committee should be aware, please explain them here (e.g., unexplained gaps in work experience, choice of recommenders, or questionable academic performance,...


Wharton MBA Essay Tips
Wharton has cut down further from last year's required number of essays from two to one. The word count remains at 500 words. So what has changed?

Last Year, the AdCom had two questions focused on professional & personal achievements, and contribution for the Wharton learning community. This year, the focus is on the professional and personal achievements with the help of Wharton MBA.



1. What do you hope to gain both personally and professionally, through the Wharton MBA? (500 words)

Wharton has reduced the number of mandatory questions from two to one, which means increasingly top Business Schools are relying on your ability to convey the points succinctly. Last year, the question was slightly different. It was “What do you aspire to achieve”. This year, the phrase is “What do you hope to gain”. On first look, both looks the same but ‘gain’ is a more conclusive word and you have to learn about the Wharton MBA curriculum, class activities, faculty, history and post-MBA opportunities to answer this question effectively.

Before we go into the tips, keep in mind that 500 words is equivalent to one page....


Wharton Team Based DiscussionsThis is a guest post from Yael Redelman-Sidi, an expert admissions consultant and the founder of Admit1mba. She publishes weekly MBA admissions tips and MBA essay guidance for top-30 schools globally.

Wharton MBA program has been trying for the last three years to improve and customize its MBA interview process. The current Wharton MBA format - the Team-Based Discussion, is both quite stressful and unique in the MBA sphere.

1) Prepare a solid pitch  

Wharton Admissions asks you to prepare a one-minute presentation about a topic specified in their email. Come up with some good ideas that you feel strongly about and rehearse at home. You can write down your ideas, but don't repeat exactly the same words - you don't want to sound as if you are repeating a text you have memorized.

2) Prepare a few versions of your self-presentation


While you might want to introduce yourself formally, be ready to deliver a more...


Wharton MBA Foundation Course CourseraThe University of Pennsylvania Wharton School will include four MBA core courses in Coursera, a non-profit online platform founded with the vision of educating millions of students. The MBA Foundation Series consists of courses in — corporate finance, marketing, operation management, and financial accounting.

This is a great opportunity for MBA Aspirants to experience what it is like to be part of a top MBA program. We expect other top Business Schools to contribute through Massive Open Online Course (MOOC) format. 

Four Foundation Courses in Coursera – From Wharton Business School

An Introduction to Corporate Finance

Topics Covered

• Analyses of Financial Decisions made by corporations
• Present Value Technique
• Capital Budgeting Principles
• Asset valuation
• The operation and efficiency of financial markets
• The financial decisions of firms
• Derivatives

Instructor: Franklin Allen, University of Pennsylvania

Workload: 6-8 hours/week

Start Date: Oct 28th 2013 (6 weeks long)

...


If you have done your basic research, you will understand Wharton’s focus when it comes to picking the best MBA candidates. They want candidates who will

Get involved with the Community
Lead by Example
Take Risks
Inspire Others

It is difficult for you to gain Wharton MBA traits if you never really have been involved with your community, led a team or have taken risks in your career. These three qualities should be the baseline when it comes to answering your essays. The essay starts with one required question:

Q) How will the Wharton MBA help you achieve your professional objectives? (400 words)

400 words – Only One and a half page!

Use your words carefully. The first question that most MBA aspirants should ask themselves is how much of their background should be mentioned in this essay. The rule of thumbs is - only the necessary background to show that you already are in the right track in achieving your goals, but Wharton would provide the tools to achieve the professional objectives more efficiently. The answer should not give the impression that you can achieve the objectives without Wharton or that you had a tough time getting into the current position (not competitive enough for Wharton). The answer should be balanced. If you are confused,...


Booth vs Wharton MBAThe University of Chicago Booth School of Business and The Wharton School of the University of Pennsylvania offer world’s best MBA programs. Let us compare the programs based on 9 factors: Location, Ranking, Cost, Class Profile, Curriculum, Experiential Learning, International Learning Opportunities, Post-MBA Opportunities, and Alumni Network.

1) Location


Booth is located in Chicago, the third largest city in the US and home to 29 Fortune 500 companies, Federal Reserve Bank, and five major financial exchanges - Chicago Stock Exchange (CHX), the Chicago Board Options Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, and the NYSE Arca. The City is one of the most diversified economies in US with contribution from a wide range of sectors that include Finance, Manufacturing, IT, and Health Care. Chicago is known as the global center for derivatives trading. It is also known for sustainability, hosting 23 leading Clean Tech and Wind Energy Companies.
 
Wharton's main campus is located in Philadelphia,
the second largest city in US East Coast. The city is known for healthcare and biotechnology, financial services, media,...


Wharton Vs Booth MBAIf you have missed the first part of the series, Read Booth vs Wharton MBA: Location, Ranking, Duration, Cost, Class Profile and Curriculum.

6) Experiential Learning


Learning by doing is an approach that some of the top Business Schools have adopted. Booth and Wharton have implemented them through Exchange Programs, Summer Projects, Student Club Projects, and Labs.

At Wharton, the Experiential Learning is focused on leadership development rather than individual functions. Booth on the other hand looks at experiential learning at Functional level with Lab Courses in Management, New Venture, Private Equity, Social Entrepreneurship, and Clean Tech.  Both Wharton and Booth offer experiential learning opportunities through Elective Courses. Marketing Research and Consumer Behavior are two courses that involve Experiential learning at Booth.

Chicago Booth provides experiential learning through Lab Courses. The Management lab, in addition to offering opportunities in developing strategic thinking,...


Dr. Mehmet C. Oz, M.D. is a Turkish American cardiothoracic surgeon, who is also an author, and television personality. He is of Turkish descent, and completed his undergraduate degree at Harvard University. He received a joint MD and MBA from the University of Pennsylvania's The Wharton School and School of Medicine in 1986.

Oz is Columbia University's Vice-Chair and Professor of Surgery. He leads the Cardiovascular Institute and Complementary Medicine Program at the New York-Presbyterian Hospital, performing over 250 surgeries a year. He has co-authored 400+ research papers, book chapters and medical books. He has several patents. Today, he also hosts 'The Dr. Oz Show' on TV and won a Daytime Emmy Award.

Dr. Oz is also the founder and chairman of a non-profit called HealthCorps, which pays a stipend to recent graduates to spend 2 years mentoring high school students on nutrition, health and fitness.

In this video, Dr. Oz speaks to the Class of 2012 during Wharton's MBA graduation ceremony held on May 13, 2012.



Video Summary - Dr. Oz at Wharton MBA Speech

21:50 Starts with what Dr. Oz was thinking during his graduation day.

22:45 Tells the class that as they work, they...


Top Business Schools with Creative MBA ApplicationWhen the MBA Application Essay Questions are filled with the “Why MBA” and “Why our Business School” questions in a written format, and Interviews restricted to the standard format, there were some Business Schools that have tried to be innovative.

1) Tippie Twitter Essay – Pulling the Plug too soon?

When Tippie School of Management retired the Twitter Essay, it was not because of poor response. In fact, when the pilot was run the responses were overwhelming and this led the AdCom to make the Twitter Essay a formal part of the application.

So what went wrong?


Innovation by definition “is the use of novel ideas or methods for better results” and Tippie AdCom was innovative in their approach.

The culprit was the instruction in the question.

Here is the excerpt of the 2011 Application...


MBA SimulationsBusiness Simulations are an extension of the traditional classroom lectures and case-study method of teaching in an MBA Program. The real value of this tool comes from testing what you have learned through these simulations.

How valuable are these simulations?

It gives students the ability to take the type of risks that normally cannot be taken in real life. By observing the consequence of these actions, students can learn about themselves and how various elements in a Business Environment influences each other. Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The learning experiences develop team building, leadership and problem solving skills.

The Simulation Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.

Let us look at some of the best simulation games used in top Business Schools.

Communication

The Tip of the Iceberg cultural team is a...


MBA in Accounting Part 2If you have missed the first part of the Series - Top 4 MBA in Accounting, Click Here to Read: Top 4 MBA in Accounting: MBA vs Masters, Career Options, Job Responsibilities & Titles

2) University of Texas--Austin (McCombs)


The McCombs School of Business offers a Full-time MBA program with a concentration in Accounting. The concentration is offered by the renowned McCombs Department of Accounting. The program covers in details: Corporate financial reporting, making and analyzing corporate financial statements and financial reporting. It has 2 areas of focus - Investment Banking and Corporations.

The core curriculum
is the same as that of the general MBA program, covering Financial Accounting, Financial Management, Statistics, Marketing Management, Operations Management, Managerial Economics and Strategic Management. The flexible core has the option of a Responsibility and Integrity Requirement. The subjects offered as part of the concentration include Financial Accounting Standards and Analysis, Strategic Controls, Advanced...


Operations Management (OM) is the science of streamlining the design as well as management of processes, products, supply chains and services. It deals with the process of producing goods, and delivering services. OM ensures the efficient utilization of resources, be it within the organization or outside. It also delivers goods and services promptly to fulfill client needs.

What are the applications of Operations Management?

Operations Management can be applied at various levels, based on the location and size of a manufacturing plant to the structure and delivery of a service or a telecom network, and could even include designing technology supply chains. Besides the overall perspective, this management stream also deals with tactical and technical details such as plant layout, project management techniques, technology & equipment selection, and replacement of older methods or machinery. The operations management team also determines production schedules, manage inventories, control quality and manage material flow. A plant's equipment management and maintenance policies are also set by them.

What are the responsibilities of Operations Management...