'The Wharton School'
Wharton School Logo
Mission |
Apply unparalleled intellectual resources to prepare business leaders who fuel the growth of industries and economies throughout the world |
|---|
Established |
1881 |
|---|
Official name |
The Wharton School |
|---|
University |
University of Pennsylvania |
|---|
School type |
Private |
|---|
Endowment |
$615 million [1] |
|---|
Dean |
Thomas S. Robertson |
|---|
Faculty |
304 |
|---|
Undergraduates |
2,304 |
|---|
Graduates |
1,671 |
|---|
Alumni |
81,000 |
|---|
Location |
Philadelphia, PA, USA |
|---|
'Wharton School' is the
business school of
University of Pennsylvania in
Philadelphia, Pennsylvania. It was established in 1881 through a donation of
Joseph Wharton, making it the world’s oldest business school.
[2] In conjunction with the other schools and colleges of the university, Wharton grants the
B.S.,
M.B.A. and
Ph.D. degrees, and conducts several diploma programs.
Since the 1990s, the popular press has repeatedly ranked Wharton as one of the top institutions for business education in the world.
[3] Moreover, it has been ranked the best business school in the world by ''
Financial Times'' in every year in which the magazine has ranked business schools, except for 2005, when it tied with
Harvard.
[4] Wharton usually receives the highest reputational scores from academics and recruiters.
[5]
Wharton School has over 300 standing professors, the world’s most published and most cited business school faculty,
[6] and its 8:1 student-to-faculty ratio is one of the best among U.S. business schools. With the most electives of any business school,
[7] Wharton offers concentrations in
Accounting,
Business and Public Policy,
Entrepreneurial Management,
Environmental Management,
Finance,
Health Care Systems,
Human Resource and
Organizational Management,
Insurance and Risk Management,
Legal Studies and Business Ethics,
Management,
Marketing,
Multinational Management,
Operations and Information Management,
Real Estate,
Retailing,
Statistics, and
Strategic Management.
Wharton's endowment and annual research expenditures are among the largest of any business school.
[8]An article in a prestigious academic journal ranked Wharton as a top school for the combination of scholarly achievements and excellence in teaching.
[9]
The admissions process at Wharton is highly selective — it is one of the most competitive business schools in the U.S. A high
GPA, high
GMAT score, strong work experience, and evidence of leadership potential are typically prerequisites to admission.
The school publishes an influential online journal, ''Knowledge@Wharton'', that has been described by ''
The Economist'' as "the envy of every other school,"
[10]. In addition, the school recently established a publishing house
Wharton School Publishing. Wharton maintains the world's largest financial, economics, management, marketing, and public policy data warehouses accessible through state-of-the-art web-based data management services, called WRDS
[11].
History
The Wharton School, the world’s first business school, was founded in 1881 by Philadelphia industrialist and
philanthropist Joseph Wharton. A native Philadelphian, Wharton became a leader in industrial metallurgy and built a fortune through his
American Nickel Company and Bethlehem Steel Corporation. The
anvil, a School symbol, reflects Wharton’s pioneering work in the metal industry. Joseph Wharton envisioned creating a new collegiate foundation that would produce educated leaders of business and government. From the beginning, he defined the goal of the Wharton School of Finance and Economy (its original name) to be: "to provide for young men special means of training and of correct instruction in the knowledge and in the arts of modern Finance and Economy, both public and private, in order that, being well informed and free from delusions upon these important subjects, they may either serve the community skillfully as well as faithfully in offices of trust, or, remaining in private life, may prudently manage their own affairs and aid in maintaining sound financial morality: in short, to establish means for imparting a liberal education in all matters concerning Finance and Economy."
Setting an early standard for innovation, Wharton published the first business textbooks, established the first research center at a business school, created the first center for entrepreneurship, created the first program in international management, established the first MBA in health care and real estate, and developed the first executive education program. To this day, it is regarded as one of the world's leading business and management schools, and employs the world's largest, most cited faculty with 304 standing and associate members.
Academics
The school has 304 standing and associated faculty, 11 academic departments and 20 research centers and initiatives. The institutional mission of the Wharton School: ''to apply unparalleled intellectual resources to prepare business leaders who fuel the growth of industries and economies throughout the world''.
[12]
'Academic departments'
★ Accounting
★ Business and Public Policy
★ Finance
★ Health Care Systems
★ Insurance and Risk Management
★ Legal Studies |
★ Management
★ Marketing
★ Operations and Information Management
★ Real Estate
★ Statistics |
'Research centers'
★ Jay H. Baker Retailing Initiative
★ Pension Research Council
★ Center for Human Resources
★ Council on Employee Relations
★ Leonard Davis Institute of Health Economics
★ S.S. Huebner Foundation for Insurance
★ Small Business Development Center
★ Wharton Financial Institutions Center
★ Wharton e-Business Initiative
★ Wharton Sports Business Initiative
★ Wharton Center for Health Management
★ Wharton Center for Leadership
★ Wharton-SMU Research Center |
★ Reginald Jones Center for Management, Strategy, and Organization
★ Fishman-Davidson Center for Service and Operations Management
★ William and Phyllis Mack Center for Technological Innovation
★ Emerging Technologies Management Research Program
★ Risk Management and Decision Processes Center
★ SEI Center for Advanced Studies in Management
★ Sol C. Snider Entrepreneurial Research Center
★ Weiss Center for International Financial Research
★ Boettner Center for Pensions and Retirement Research
★ Rodney L. White Center for Financial Research
★ Samuel Zell and Robert Lurie Real Estate Center
★ Zicklin Center for Business Ethics Research |
'Wharton MBA Program (MBA)'
Eighteen majors are available to Wharton MBA students, who can also elect to pursue double majors or individualized majors. During their first year students pursue a required core curriculum. After completing the first year, electives are available. The MBA program offers nearly 200
electives within Wharton's 11 academic departments, the "largest" selection of any business school.
[13] Thousands of other University electives are also offered through other
Penn schools. Wharton also offers
MBA Program for Executives which is a two-year, weekend residential program built on the same curriculum as regular MBA program. Executive program is offered in two locations: on the Wharton campus in
Philadelphia and at
Wharton West in
San Francisco
Wharton's required pre-term includes coursework, waiver testing, and the "Learning Team Retreat". Coursework includes introductory and review courses in financial accounting, microeconomics, statistics, and financial analysis. Preparatory courses cover material not included in Fall coursework that students are expected to understand. In addition, Pre-term includes classes on business history and languages, as well as short seminars in communication skills, computing technology, trading simulations, and career management.
Offered on a quarterly schedule throughout the first year, core courses cover traditional management disciplines finance, marketing, statistics, and strategy, as well as the leadership, ethics, and communication skills needed at senior levels of management.
'Academic Honors for MBA Program'
The top academic honor in the Wharton MBA Program is the Palmer Scholar designation, given to the top 5% of the graduating MBA class. Students who rank in the top 20% of the graduating class after both their first and second years are awarded Graduation with Honors. Students who rank in the top 20% of their class after the first year are awarded First Year Honors.
The student (or students) with the top cumulative GPA at the end of the first-year of the MBA Program is awarded the Ford Fellowship.
Only grades earned from courses taken at Wharton qualify for academic honors. Courses taken Pass/Fail or electives taken outside of Wharton do not count towards the eligibility for academic honors, but do count towards the MBA degree.
'Wharton Doctoral Programs'
Wharton grants
PhD degrees (as opposed to some programs, which grant
DBAs.) It take approximately four to six years to complete the program. Eleven fields of specialization are offered by the program: Accounting, Business and Public Policy, Ethics and Legal Studies, Finance, Health Care Systems, Insurance and Risk Management, Management, Marketing, Operations and Information Management, Real Estate, and Statistics. The entering class of 2005 contained 34 students, half of which were U.S. citizens. The average age of an entering student is 26. All Wharton doctoral students are funded.
[14]
'International study'
Options for international study and experience include Wharton's
Lauder Institute, the Global Immersion Program,
Leadership Ventures, Global Consulting Practicum, and
exchange programs with schools in 11 countries, including
an INSEAD alliance.
'Dual and joint degrees'
William L. Mack Plaza
Wharton MBA students may pursue a dual degree with
Lauder Institute,
Johns Hopkins' School of Advanced International Studies or in one of the graduate schools at the
University of Pennsylvania:
★ Biotech - MBA/MB with the
Penn School of Arts and Sciences
★ Design - MBA/MArch, MBA/MLA, MBA/MCP, MBA/MHP with
Penn School of Design
★ Education - MBA/MS with
Penn Graduate School of Education
★ Engineering - MBA/MSE with the
Penn School of Engineering and Applied Science
★ International Studies - MBA/MA with
The Lauder Institute
★ Medical Sciences - MBA/MD with
Penn School of Medicine, MBA/DMD with
Penn School of Dental Medicine, and MBA/VMD, MBA/PhD,and MBA/MS with
Penn School of Veterinary Medicine
★ Law - MBA/JD with
Penn Law School
★ Nursing -
Nursing and Health Care Management, MBA/MSN, MBA/PhD with the
Penn School of Nursing
★ Social Work - MBA/MSW with the
Penn School of Social Policy and Practice
Wharton Undergraduates may pursue joint degrees in engineering through the
Jerome Fisher Program in Management and Technology, international business through
the Huntsman Program in International Studies and Business, Nursing & Health Care Management, and a joint program in life sciences and business through the The Roy and Diana
Vagelos Program in Life Sciences and Management. Undergraduates may also, independent from these programs, pursue dual degrees with any of Penn's three other undergraduate schools.
Alumni network
Wharton alumni network has 81,000+ members in 142 countries around the world. There are eighty-two alumni clubs providing support to the School. In addition to the annual campus-based Wharton reunion, Wharton partners with its alumni clubs to mount three annual Global Alumni Forums around the world. Notable alumni include:
[15]
Main articles: List of Wharton School people
Rankings
On
December 5,
2003 Wharton enacted a policy of declining to provide email addresses of students and alumni to external organizations ranking business school programs,
[16] citing concerns for alumni and students' privacy.
[17] Some recent rankings were:
Books on Wharton
★ Nicole Ridgway, ''The Running of the Bulls: Inside the Cutthroat Race from Wharton to Wall Street'', Gotham, 2005.
★ Steven A. Sass, ''Pragmatic Imagination: A History of the Wharton School'', University of Pennsylvania Press,1983.
★ Emory Richard Johnson, ''The Wharton school: Its fifty years'', University of Pennsylvania Press, 1931.
External links
References
1. "Wharton Annual Report to Investors," Page 4, 2007
2. "Encyclopedia of American Economic History: Studies of the Principal Movements and Ideas," Page 839, Glenn. Porter, 1980
3. Business school rankings; "Business Week", 16.10.2000
4. Business school rankings; ''Financial Times'', 22.01.2007
5. Best Graduate Schools; ''U.S.News & World Report'', 27.04.2006
6. Wharton Faculty; ''Wharton School'', 06.05.2007
7. Wharton Curriculum; ''Wharton School'', 06.05.2007
8. TheCenter Research University Data
9. James S Trieschmann. "Serving Multiple Constituencies in Business Schools: M.B.A. Program Versus Research Performance." Academy of Management Journal, 2000, 43(6), pp. 1130-41.
10. Business-school rankings; ''The Economist'', 22.09.2005
11. Best in Class, ''CIO Magazine'', 02.01.2003
12. 125 Years of Wharton; ''Wharton School'', 15.06.2006
13. MBA curriculum; ''Wharton School'', 01.09.2006
14. Doctoral Program Quick Facts; ''Wharton School'', 01.09.2006
15. Wharton Leadership Inventory; ''Wharton School'', 01.11.2002
16. Why Harvard And Wharton Are Wrong; ''Business Week'', 19.04.2004
17. Why Wharton and Harvard Are Missing; ''Business Week'', 29.09.2005
العربية
ä¸å›½
Français
Deutsch
Ελληνική
हिनà¥à¤¦à¥€
Italiano
日本語
Português
РуÑÑкий
Español
