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The Wharton School of the University of Pennsylvania (/ˈhwɔːrtən/ WHAWR-tən; also known as The Wharton School or Wharton) is the business school of the University of Pennsylvania, a private Ivy League university in Philadelphia, Pennsylvania. Established in 1881 through a donation from Joseph Wharton, the Wharton School is the world’s oldest collegiate school of business.
The Wharton School awards Bachelor of Science in Economics degrees at the undergraduate level and Master of Business Administration degrees at the postgraduate level, both of which require the selection of a major. Wharton also offers a doctoral program and houses, or co-sponsors, several diploma programs either alone or in conjunction with the other schools at the university.
Wharton's MBA program is ranked No. 3 in the world according to Business Insider, No. 1 in the United States according to Forbes, and is No. 3 in the United States according to the 2019 U.S. News & World Report ranking. Meanwhile, Wharton's MBA for Executives and undergraduate programs are also ranked No. 2 in the United States by the same publication. According to Poets & Quants, MBA graduates of Wharton earn an average $209,501 first year compensation, the 4th highest. Following Stanford and Northwestern (Kellogg), Wharton's MBA program has the 3rd highest average GMAT score of 730 (97th percentile) for its entering class. According to another publication, Wharton produces the 3rd most CEOs of the 100 top companies on the Fortune 500 list, behind Northwestern (Kellogg) and Harvard. In general, Wharton has over 95,000 alumni in 153 countries, with notable figures such as Donald Trump, Elon Musk, Warren Buffett, Sundar Pichai, Aditya Mittal, Steven A. Cohen, Jeff Weiner, Anil Ambani, John Sculley, Walter Annenberg, Leonard Lauder, Laurence Tisch, Michael Moritz, Ruth Porat, Kunal Bahl and William Wrigley Jr. II. Its alumni include the CEOs of Google, Apple, LinkedIn, CBS, General Electric, Boeing, Pfizer, Comcast, Oracle, DHL, UPS, Pepsi, Time, Inc, BlackRock, Johnson & Johnson, UBS AG, Wrigley Company, and Tesco.
The school belongs to the Magnificent Seven (M7) group of elite business schools which recognize each other as peers. Other members are Chicago (Booth), Columbia, Harvard, Northwestern (Kellogg), MIT (Sloan), and Stanford.