University of Pennsylvania: Wharton

Wharton MBA Salary by Industry

Wharton Full-time MBA Salary (By Industry)

Wharton Business School known as the quintessential Finance school maintained its reputation with 35.8% of the 2019 graduating class entering the Financial services industry. The latest placement trends in M7 schools might give the impression that investment banking (IB) is a dwindling sub-industry. However, Wharton students dispelled the myth when the largest percentage within Financial services preferred IB. The $150,000 median base salary and $50,000 signing bonus didn't hurt. Consulting remained the second popular industry with a record $165,000 median base salary and $30,000 signing bonus, taking the total short of $200,000 by $5,000.

Private Equity with 11% representation is another popular niche for Wharton MBA graduates. $167,500 - the highest median base salary across all sub-industries perhaps contributed towards this choice.  The VC route has faced a steady...

Wharton MBA Application deadline for the year 2019-20 has been released.

Round 1 Deadline for MBA is September 17th 2019

MBA Program
                           Deadline                        Interview Invite               Decision
Round 1           September 17, 2019     October 29, 2019            December 18, 2019
Round 2           January 7, 2020           February 13, 2020          March 26, 2020
Round 3            April 1, 2020              April 16, 2020                 May 8, 2020


Wharton MBA Essay 2: Describe an impactful experience or accomplishment that is not reflected elsewhere in your application. How will you use what you learned through that experience to contribute to the Wharton community? (400 words)

The first line of the question is a hint on what you should highlight in Essay 2.

“Describe an impactful experience or accomplishment that is not reflected elsewhere in your application.”

By application, the admission team means the essays and the short answer that are part of the online application. Any impactful experience worth mentioning should be part of your resume.

Once you shortlist the experience, here is how you structure the essay

1) Start with a personal story

Since Essay 1 on the professional gain is focused entirely on your work,...

The professional gains essay is a reverse advertisement of the Wharton MBA curriculum, learning environment, and networking opportunities. As we had mentioned in other school essay tips, plain vanilla description of the program has low recall when the admission team is reading over 6000 application. To stand out, you must understand what Wharton values.

1) History of Learning and Growing

The school’s insistence of accepting the majority of students with a GMAT score above 700 is from the expectations of a quant-heavy program like Wharton MBA. Since 2012, when the school changed its curriculum in favor of an analytics-heavy core and elective, Wharton has been seeking applicants, who have a history of learning aggressively, growing meteorically and solving complex industry and functional problems.

The learning starts at your Academics. If you don’t have a 3.5+ GPA on a 4.0 scale or an 80% or a B+ grade, the next data point that the admission team has is your work experience.

Learning doesn’t stop with exam taking in your undergraduate years....

Wharton MBA Essay 2 Example: Software Engineer with 4+ years of Experience and Tutoring/Music as extra-curricular

Wharton MBA Essay #2: Describe an impactful experience or accomplishment that is not reflected elsewhere in your application. How will you use what you learned through that experience to contribute to the Wharton community? (400 words)

For this essay, we look at a Fictitious profile – a candidate with 4+ years of experience working for a Technology Giant, leading the development of their most profitable product.

He was a Math tutor on the weekends and a Technical Consultant on weekdays.

The career path of this applicant was extraordinary.

Hailing from a village, the applicant was the first in his state to score 100% in Grade 12th Math exam. The natural curiosity to play with numbers didn’t lead him to Finance. Math was an extension of his highly evolved logical mind and a curiosity to find patterns. Music was an extension of his curiosity. He just...

The applicant wants to transition from Technology Consulting to FinTech & Strategic Management

Wharton MBA Essay #1 Strategy: Most essay narrative directly lists the expected professional gain. All of them sound like a reverse advertisement of Wharton MBA. What the admission team needs is the context for the professional gain. Without citing an interesting project you worked, or the motivation for Wharton MBA, the essay will sound cliched.

Wharton Value: Wharton Business School proudly mentions analytics and data-based decision making as a value that differentiates it from other top Business School schools.

Wharton MBA Essay #1 Narrative: For the sample essay we have used a fictitious profile – a Consultant, who has worked with a Technology giant and noticed its core value eroding since the maverick Founder’s demise. An unethical leadership decision is used as an opener to capture the admission team’s attention. The applicant then compares decision made under a tough condition to leading an expedition, and cleverly transition into how Wharton’s expeditions would help him gain leadership skills.

The narrative then switches back to the applicant’s experience with the technology company and introduces analytics as a tool for making smarter decisions. This experience is matched with ‘Analytics’ and ‘Wharton MBA.’

The second half of the...

Wharton MBA Essay Tips
The Admission team wants to know how will you gain professionally from the Wharton MBA program.

Essay 1 (Required): What do you hope to gain professionally from the Wharton MBA? (500 words)

Before you start writing about how Wharton MBA Program will influence your ability to achieve your post-MBA goals, understand the structure of the MBA curriculum.

Curriculum Overview

Even Wharton’s core curriculum offers flexibility with the core split into two units: the fixed core (3.25 credits) and the flexible core (6.25 credits). Students can complete the core as a quarter or a semester long course.

The traditional management courses are covered in the fixed core: Foundations of Teamwork and Leadership (Leadership), Marketing Management (Marketing), Operations Management (Operations), Microeconomic Foundation (Microeconomics), Advanced Topics in Managerial Economics (Economics), Regression Analysis for Managers (Statistics), and Speaking and Writing (Management Communication).

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