Wharton School of the University of Pennsylvania

Wharton School of the University of Pennsylvania

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Summary

The Wharton School of the University of Pennsylvania is a business school founded in 1881 by Joseph Wharton, who hoped the School would produce graduates who would become "pillars of the state, whether in private or in public life." Wharton is one of six Ivy League business schools. The School is considered one of the world's leading business schools.

As of 2005, Wharton offers programs in Accounting, Business and Public Policy, Finance, Health Care Systems, Insurance and Risk Management, Legal Studies and Business Ethics, Management, Marketing, Operations and Information Management, Real Estate, and Statistics. The School has approximately 2,340 undergraduate, 1,690 MBA and 200 doctoral students, and an alumni network of more than 81,000 in 140 countries around the world.

The School owns the Wharton School Publishing which publishes books, audio books, e-documents, CD-ROMs, and videos that have received what the publisher calls "the Wharton seal of approval."

Twenty research centers at Wharton facilitate research that is used to update the material presented in the classroom.

History

Joseph Wharton founded the School in 1881 as the first collegiate business school in the world that was part of a wider university. His purpose was to "impart a liberal education in all matters concerning finance and economy."

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 first executive education program.[citation needed] 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

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 250 electives within Wharton's 11 academic departments. Thousands of other University electives are also offered through other Penn schools.

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.

Electives

The MBA program offers over 250 electives within Wharton's 11 academic departments, the largest selection of any business school[2]. Thousands of other University electives are also offered through other Penn schools.

International study

Options for international study and experience include Wharton's alliance with INSEAD, the Global Immersion Program, Wharton's Global Consulting Practicum, and exchange programs with schools in 11 countries around the world.

Dual and joint degrees

Wharton MBA students may pursue a dual degree with Lauder Institute, Johns Hopkins' School of Advanced International Studies or in one of the 12 graduate and professional schools at the University of Pennsylvania:

Biotechnology - MB/MBA with the Penn School of Engineering and Applied Scienceand 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 - MBA/MSN, MBA/PhD with the Penn School of Nursing
Social Work - MBA/MSW with the Penn School of Social Policy and Practice

Alumni network

Wharton alumni network has 81,000+ members in 140 countries around the world. There are 82 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:

Consulting:

  • Peter Cohan , Founder and President, Cohan & Associates.

Marketing:

  • J.D. Power III, Founder of marketing research firm J.D. Power & Associates.

Insurance:

  • Peter G. Coyiuto, CEO, First Guarantee Life Assurance company.

Sports:

  • Robert Castellini, owner, Cincinnati Reds.

Finance:

  • Warren Buffett, CEO of Berkshire Hathaway[citation needed];
  • Catherine Austin Fitts, CEO and Founder, Solari;
  • Vernon Hill, Chairman and CEO, Commerce Bank;
  • Peter Lynch[citation needed], Vice Chairman, Fidelity;
  • Michael Milken, Inventor of the junk bond market;
  • Bill Miller, CEO, Legg Mason Capital Management;
  • Jacob Wallenberg, Chairman and CEO, Skandinaviska Enskilda Banken (Bank of Sweden);
  • Martin Zweig[citation needed], Investment advisor, author of Winning on Wall Street;
  • Ronald Perelman, American investor and businessman.

High Tech:

  • Elon Musk, Founder and CEO of Paypal[citation needed];
  • Peter M. Nicholas, Founder, CEO and Chairman, Boston Scientific;
  • Josh Resnick, Founder, President, Pandemic Studios Inc;
  • Brian Roberts, CEO, Comcast;
  • John Sculley, Former CEO of Apple;
  • Joshua Kopelman, Founder, Half.com.

Industry:

  • Charles Butt, Founder, CEO and Chairman, H-E-B Grocery Company;
  • Art Collins, Chairman and CEO of Medtronic;
  • Donny Deutsch, Chairman and CEO of Deutsch Inc.
  • William E. Macaulay, Chairman and CEO, First Reserve Corporation.

Media:

  • Walter Annenberg, CEO of Triangle Publications, Founder of Seventeen Magazine and TV Guide;
  • Jon McBride, CEO, MBA Jungle;
  • Joseph Segel, Founder, QVC; Founder,
  • Franklin Mint; Fred Wilson, Chairman, Thestreet.com.

Nonprofit:

  • William Brennan, Judge, U.S. Supreme Court;
  • Chaka Fattah, US Congressman; Edwin Feulner, President of Amecican Heritage Foundation;
  • Alfred Irving Hallowell, President of the American Anthropological Association;