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Encyclopedia > Wharton School of the University of Pennsylvania

The Wharton School

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., MBA and Ph.D. degrees, and conducts several diploma programs. Image File history File links Whartonlogo. ... Year 1881 (MDCCCLXXXI) was a common year starting on Saturday (link will display the full calendar). ... This article is about the private Ivy League university in Philadelphia. ... Private schools, or independent schools, are schools not administered by local, state, or national government, which retain the right to select their student body and are funded in whole or in part by charging their students tuition rather than with public (state) funds. ... This article refers to the largest city of Pennsylvania. ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... A business school is a university-level institution that confers degrees in Business Administration. ... This article is about the private Ivy League university in Philadelphia. ... Nickname: City of Brotherly Love, Philly, the Quaker City Motto: Philadelphia maneto (Let brotherly love continue) Location in Pennsylvania Coordinates: Country United States State Pennsylvania County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Mayor John F. Street (D) Area    - City 369. ... Joseph Wharton ( March 3, 1826 – January 11, 1909) founded the Wharton School at the University of Pennsylvania, and co-founded the Bethlehem Steel company. ... BS or bs is an abbreviation with multiple meanings, including: Bachelor of Science degree British Standard Bahamas (ISO country code) The postcode for Bristol, England A somewhat more polite abbreviation of bullshit A card game The Swiss canton of Basel_Stadt Shorthand for the backspace and the backspace control character Shorthand... Master of Business Administration (MBA) is a tertiary degree in business management. ... Doctor of Philosophy (Ph. ...


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] The Financial Times (FT) is an international business newspaper printed on distinctive salmon pink broadsheet paper. ... Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. ...


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. It has been suggested that Accounting scholarship be merged into this article or section. ... Started at Winter Semester 1999/00, the main aim is to create a medium(see Fachhochschule Lübeck) for the next generation in Lübeck City to understand and explore the Environmental awareness in Environmental Protection and Environmental Management, and also to provide a strong education background and constructive knowledge... This article does not cite any references or sources. ... The term human resources is variously defined in political economy and economics, where it was traditionally called labor, one of three factors of production. ... It has been suggested that Management system be merged into this article or section. ... Wikibooks has more about this subject: Marketing Look up marketing in Wiktionary, the free dictionary. ... Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Drawing of a self-service store. ... A graph of a normal bell curve showing statistics used in educational assessment and comparing various grading methods. ... This article or section does not cite its references or sources. ...


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 initials GPA can refer, among other things, to Grade Point Average; see Grade (education) Guinness Peat Aviation General Practice Australia, a private, independent medical accreditation society Greyhound Pets of America This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same... The Graduate Management Admissions Test (GMAT, pronounced G-mat) is a standardized test for measuring aptitude to succeed academically in graduate business studies. ...


The school publishes an influential online journal, [email protected], 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]. The Economist is a weekly news and international affairs publication owned by The Economist Newspaper Ltd and edited in London, UK. It has been in continuous publication since September 1843. ... Wharton School Publishing is a publishing house, a division of Wharton School and Pearson Education, that is highly respected in academic publishing. ...

Contents

History

The Wharton School, the world’s first business school, was founded in 1881 by evil 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 by squeezing every last drop of output from his workers. 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." A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... Joseph Wharton ( March 3, 1826 – January 11, 1909) founded the Wharton School at the University of Pennsylvania, and co-founded the Bethlehem Steel company. ... If you want the band called Anvil, please go to Anvil (band) A blacksmith working iron with a hammer and anvil An anvil is a manufacturing tool, made of a hard and massive block of stone or metal used as a support for chiseling and hammering other objects, such as...


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 most evil 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

  • 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) The Wharton-SMU Research Center (Abbreviation: WSRC) under Singapore Management Universitys Office of Research (OR) was established in June 1999 as a center for research collaboration between SMU and the Wharton School, University of Pennsylvania. ...


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 Elective used as a adjective means that it is optional and chosen, for example, by election. ... This article is about the private Ivy League university in Philadelphia. ... Nickname: Motto: Philadelphia maneto - Let brotherly love continue Location in Pennsylvania Coordinates: , Country United States Commonwealth Pennsylvania County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Government  - Mayor John F. Street (D) Area  - City 369. ... This page is a candidate for speedy deletion. ...


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] PhD usually refers to the academic title Doctor of Philosophy PhD can also refer to the manga Phantasy Degree This is a disambiguation page — a list of pages that otherwise might share the same title. ... The degree of Doctor of Business Administration (D.B.A.) is a professional doctorate that focuses upon business practice. ...


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. The Joseph H. Lauder Institute of Management & International Studies combines a world-renowned Wharton MBA, a Master’s in International Studies from the University of Pennsylvania’s School of Arts & Sciences and customized language training. ...


Dual and joint degrees

William L. Mack Plaza
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: Image File history File linksMetadata Download high-resolution version (3264x2448, 2575 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Wharton School of the University of Pennsylvania Metadata This file contains additional information, probably added from the digital... Image File history File linksMetadata Download high-resolution version (3264x2448, 2575 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Wharton School of the University of Pennsylvania Metadata This file contains additional information, probably added from the digital... The Joseph H. Lauder Institute of Management & International Studies combines a world-renowned Wharton MBA, a Master’s in International Studies from the University of Pennsylvania’s School of Arts & Sciences and customized language training. ... The Paul H. Nitze School of Advanced International Studies (SAIS), based in Washington D.C., is one of the worlds most prestigious graduate schools devoted to the study of international affairs, economics, diplomacy, and policy research and education. ... This article is about the private Ivy League university in Philadelphia. ...

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. The University of Pennsylvanias School of Medicine, presently located in the University City section of Philadelphia, Pennsylvania, was the countrys first school of medicine, founded at the College of Philadelphia, as the University was then called. ... The University of Pennsylvania School of Dental Medicine was established in 1878 as a private institution with a long history in dental education, research and patient care. ... Silverman Hall of the University of Pennsylvania Law School in Philadelphia, Pennsylvania The University of Pennsylvania Law School is the law school of the University of Pennsylvania. ... The Nursing and Health Care Management Program (or NHCM for short) at the University of Pennsylvania is a Joint-Degree Program offered through the School of Nursing and the Wharton School of Business. ... The Jerome Fisher Program in Management and Technology is a Joint-Degree Program offered at the University of Pennsylvania for undergraduates. ... The Huntsman Program in International Studies and Business is a Joint-Degree Program offered by the Wharton School and the College of Arts and Sciences at the University of Pennsylvania. ... The Vagelos Program in Life Sciences and Management is a 4-year joint-degree undergraduate program between the College of Arts & Sciences and the Wharton School of the University of Pennsylvania, introduced in the fall of 2006. ...


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]

The Wharton alumni network has 81,000+ members in 142 countries around the world. ...

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: December 5 is the 339th day (340th in leap years) of the year in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday (link displays 2003 calendar) of the Gregorian calendar. ...

2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Business Week (MBA/USA) 2 3 5 1 1 1 1
Business Week (Undergraduate/USA) 1 1
Financial Times (MBA/Worldwide) 1 1 1 1 1 1 1 1 1 1
US News (MBA/USA) 3 3 2 2 2 3 4 3 2 2 2 3 3 2
US News (Undergrad/USA) 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Wall Street Journal (MBA/USA) 7 6 4 1 5 18

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

Official university sites

Wharton history

Publications

Student life


Campus Links

Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ...

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 (2005). Retrieved on 2006-12-15.
  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



  Results from FactBites:
 
History: School of the Wharton School of Business, University of Pennsylvania Archives (336 words)
Wharton thus quickly overcame its initial reputation as bunch of academic "misfits" and the business school in Logan Hall started churning out graduates who would almost immediately become prominent businessmen in Philadelphia and beyond.
In a University which had, for a century and a half, been a center of theory in liberal arts, the new Wharton School quickly proved the power of the pragmatics, and brought Benjamin Franklin's dream of the most practical school to a height Franklin never envisioned.
School of Arts of Sciences in 1975, Wharton has since been able to concentrate on what it has always excelled in, and what it was founded to do: giving students an unrivaled business education.
Wharton School of the University of Pennsylvania: Information from Answers.com (2686 words)
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." The School is considered one of the world's leading business schools.
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:
Wharton operates under the careful eye of the Division of Public Safety at the University of Pennsylvania, which is committed to enhancing the quality of life of the campus community and operates a fully commissioned police force with state-of-the-art safety and security technology.
  More results at FactBites »

 
 

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