Wharton School of the University of Pennsylvania

The Wharton School

[ [http://www.wharton.upenn.edu/whartonfacts/facts_at_a_glance/ Facts at a Glance - The Wharton School of the University of Pennsylvania ] ]

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	$691 million
Dean	Thomas Robertson
Faculty	304
Undergraduates	2,305
Graduates	1,671
Alumni	81,000
Location	Philadelphia, PA, USA

The Wharton School is the business school of the University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton and is the world’s first collegiate business school. It is considered to be one of the world's most highly esteemed and influential business schools.

In conjunction with the other schools and colleges of the university, Wharton grants B.S., MBA, offers a Ph.D. program, [ The school does not grant PhD degrees. These are granted exclusively by the Graduate Division of the School of Arts and Sciences at the university] and holds several diploma programs. With the most electives of any business school, [ [http://www.wharton.upenn.edu/mba/academics/curriculum/electives.cfm Elective information] ; "The Wharton School", 23.06.2008] 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.

Since the 1990s, the popular and financial press has consistently ranked Wharton as one of the world's top institutions for business education. [ [http://www.businessweek.com/bschools/00/profiles/wharton.htm Business school rankings] ; Business Week, 16.10.2000] Moreover, it has been ranked the best business school in the world by the Financial Times in every year in which the newspaper has ranked business schools, except for 2005, when it tied with Harvard Business School. [ [http://rankings.ft.com/rankings/mba/rankings.html Business school rankings] ; "Financial Times", 22.01.2007] Wharton usually receives the highest reputation scores from academics and recruiters. [ [http://www.usnews.com/usnews/edu/grad/rankings/rankindex_brief.php Best Graduate Schools] ; U.S.News & World Report, 27.04.2006]

The school has over 300 faculty members, translating to an 8:1 student-to-faculty ratio. The school's faculty are the world’s most published and most cited among business schools. [ [http://www.wharton.upenn.edu/faculty/ Faculty and Research] ; The Wharton School; 23.06.2008] Research published in the peer-reviewed Academy of Management Journal ranked Wharton as top institution in the simultaneous pursuit of scholarly achievements and excellence in teaching. [Trieschmann, James S.; Dennis, Alan R.; Northcraft, Gregory B. and Niemi, Albert W. , Jr. "Serving Multiple Constituencies in Business Schools: M.B.A. Program Versus Research Performance." Academy of Management Journal, 2000, 43(6), pp. 1130-41] Most recently, the Chronicle of Higher Education rated Wharton's Marketing and Management departments as the first and second in the world for research productivity, respectively. [ [http://chronicle.com/stats/productivity/page.php?institution=3&byinst=Go Research Productivity] ; "The Chronicle of Higher Education", 15.10.2006]

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, and very strong non-quantitative credentials are typically prerequisites to admission.

The School publishes an influential [ [http://www.wharton.upenn.edu/whartonfacts/experience/faculty.cfm Experience Wharton: The Finest Faculty] ; "The Wharton School", 29.05.2008] on-line journal, Knowledge@Wharton, that is "the envy of every other school", [ [http://www.economist.com/business/globalexecutive/education/displayStory.cfm?story_id=4431943 Business-school rankings] ; "The Economist", 22.09.2005] and a newly established publishing house Wharton School Publishing. Wharton maintains the world's largest [ [http://wrds.wharton.upenn.edu/demo/faqsheet.shtml WRDS FAQ] ; WRDS Website, 23.06.2008] financial, economics, management, marketing, and public policy data warehouses accessible through state-of-the-art web-based data management services, called WRDS.

History

The Wharton School, the world’s first business school, [ [http://www.wharton.upenn.edu/whartonfacts/ Wharton Facts] ; "The Wharton School", 03.05.2008] 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 Commerce (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.

Academic Departments

ee also

*Ivy League business schools
*List of United States business school rankings
*List of business schools in the United States

References

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

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* [http://www.wharton.upenn.edu/ The Wharton School of the University of Pennsylvania]
* [http://www.wharton.upenn.edu/huntsmanhall/timeline/ Wharton's Timeline]
* [http://www.whartonjournal.com/ Wharton Journal]
* [http://webcafe.wharton.upenn.edu/group/ Wharton Clubs and Organizations]
* [http://whartonsbdc.wharton.upenn.edu/ Wharton Small Business Development Center]