Wharton MBA Class Profile 2025, Employment Reports 2023, Fees, Scholarships, Admissions

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The Wharton School of the University of Pennsylvania is a well-known business school in Philadelphia. It has a long history of imparting world-class business education to its students which makes them highly skilled and ready for the job market which is an impressive track record.

If you’re wondering if Wharton’s MBA program is the right step for your career, you’re in the right place. This article will look at the MBA class profile of 2025 and employment data of Wharton’s class of 2023, such as the top industries, job locations, post-MBA employers, and median salaries. We’ll also look at the Tuition Fees and available scholarships.

Wharton MBA

General information on Wharton

Location – 3733 Spruce Street

Philadelphia, PA 19104

Dean – Erika H. James

Admissions Office – Office of MBA Admissions and Financial Aid, The Wharton School, University of Pennsylvania, Vance Hall, Suite 111, 3733 Spruce Street, Philadelphia, PA 19104

Phone: +215-898-6183

Fax: +215-898-0120

Email: mba-admiss@wharton.upenn.edu

Social media – Facebook, Twitter, YouTube, Instagram, LinkedIn

Wharton MBA – By the numbers

Here are a few important statistics for the latest class i.e. class of 2025 of the Wharton

Applications Received6194
Class Size874
Average GMAT Score728
Median GRE Score324
Average GPA3.60
Work Experience (Average)5 years
Tuition Cost for a Single Person$87,370
Percentage of students that received a job offer95%
Median Base Salary$175,000
Median Signing Bonus$30,000
Median Performance Bonus$30,000

Now, let’s take a look in detail at the latest incoming class i.e., the class of 2024 of The Wharton School.

Wharton MBA class profile 2025

Enrollment

A total of 6,194 people applied to be a part of the Wharton class of 2025. However, Wharton gave a chance to 14% of the applicants and 874 students enrolled.

Latest Wharton MBA Class Profile 2025 - Enrolment
  • Applications Received by Wharton MBA – 6,194
  • Total Enrolled – 874
  • Enrollment rate – 14.1%

Diversity

Business Schools care a lot about maintaining diversity in the class and Wharton has done a great job to achieve it in the class of 2025. Half (50%) of the Wharton class of 2025 is female and 31% are international students who belong to 70 countries.

Latest Wharton MBA Class Profile 2025 - Diversity
  • % women in the Wharton class of 2025 – 50%
  • % international students in the Wharton class of 2025 – 31%

Test Scores and GPA

Latest Wharton MBA Class Profile 2025 - GMAT GRE scores

Wharton is home to some of the brightest minds in the world. So, it’s quite understandable that the GPA and test scores will be on the higher side. The average GPA of the Wharton class of 2025 is 3.6, the average GMAT score is 728, and the average GRE score is 324.

Average GPA – 3.6

GMAT Score

Average GMAT – 728

GRE Score

Average GRE – 324

Undergraduate Major

The highest number of Wharton class of 2025 students have a background in Humanities (40%) followed by STEM programs (33%) and Business (27%).

Latest Wharton MBA Class Profile 2025 - Undergraduate Major

More details are in the table below:

Undergraduate MajorPercentage of Wharton class of 2025
STEM33%
Humanities40%
Business27%

Pre-MBA industry of Wharton MBA class of 2025

Every student in the Wharton class of 2025 has some work experience. The average work experience is 5 years. 27% of the Wharton class of 2024 has a background in Consulting followed by Private Equity/Venture Capital (14%) and Technology (12%).

More details are in the table below:

Pre-MBA industry% of Wharton class of 2025
Consulting27%
Venture Capital/Private Equity14%
Technology12%
Nonprofit/Government10%
Investment Baking9%
Other8%
Financial Services7%
Health Care5%
Investment Management3%
CPG2%
Real Estate2%
Retail1%
Energy1%
Media/Entertainment1%

MBA Application Deadlines

The application dates for the MBA Class of 2026 (incoming class of 2024) are:

Application RoundDeadlinesInterview InvitationsDecisions
Round 1September 6, 2023October 24, 2023December 14, 2023
Round 2January 4, 2024February 16, 2024March 26, 2024
Round 3April 2, 2024April 19, 2024May 13, 2024
Deferred Admissions RoundApril 24, 2024May 28, 2024June 27, 2024

Now that you know the education and industry background of the latest class of Wharton, you must have an idea of where you stand compared to them. To get into Wharton try to match or exceed these numbers. Now, let’s take a look at the compensation that Wharton MBA students get after they graduate.

Wharton MBA employment statistics - Class of 2023

The Wharton class of 2023 received a median base salary of $175,000.

Median salary - $175,000

Students Reporting Job Offers: 97.2%

Employment by Industry - 

Consulting emerged as the top career choice for Wharton MBA graduates in 2023, with 28.8% securing roles in the field. Other prominent choices included Investment Banking (14.2%), Private Equity (14%), and Technology (13.5%).

Industry% Wharton class of 2023 hired
Consulting 28.8
Consumer products0.9
Energy1.3
Financial services37.3
Hedge Funds/Other Investments0.9
Insurance & Diversified Services1.1
Investment Banking/Brokerage:14.2
Investment Management3.8
Private Equity/Buyouts/Other14
Venture Capital3.3
FinTech2.2
Future Mobility0.5
Health care5.4
Legal & Professional Services2.0
Manufacturing1.3
Media, Entertainment & Sports1.3
Real Estate2.2
Retail1.7
Social Impact1.4
Technology13.5
Travel & Hospitality0.2

Consulting - 28.8%

Consumer products - 0.9

Energy - 1.3

Financial services - 37.3

  • Hedge Funds/Other Investments: 0.9
  • Insurance & Diversified Services: 1.1
  • Investment Banking/Brokerage: 14.2
  • Investment Management: 3.8
  • Private Equity/Buyouts/Other: 14
  • Venture Capital: 3.3

FinTech - 2.2

Future Mobility -0.5

Health care - 5.4

Legal & Professional Services - 2.0

Manufacturing - 1.3

Media, Entertainment & Sports - 1.3 

Real Estate - 2.2

Retail - 1.7

Social Impact - 1.4

Technology - 13.5 

Travel & Hospitality - 0.2 

Median Salary by Industry - Wharton MBA Class of 2023

IndustryMedian Salary
Consulting 190,000
Consumer products128,000
Energy160,000
Financial services175,000
Hedge Funds/Other Investments212,500
Insurance & Diversified Services175,000
Investment Banking/Brokerage:175,000
Investment Management177,500
Private Equity/Buyouts/Other189,322
Venture Capital180,000
FinTech162,500
Health care157,500
Legal & Professional Services215,000
Manufacturing125,356
Media, Entertainment & Sports157,500
Real Estate150,000
Retail155,000
Social Impact133,500
Technology162,750

Employment by function

The Wharton MBA class of 2023 bagged diverse roles, with Consulting attracting the most graduates (36%). PE/VC and Investment Banking also featured prominently, claiming 18.1% and 12.6% of graduates respectively.

Function% Wharton class of 2023 hiredMedian Salary
Analytics/Data Science1.1166,500
Business Development3.6164,000
Consulting/Strategy36190,000
General/Project Mgmt/Mgmt Development 4.1160,000
Investment Banking12.6175,000
Investment Mgmt/Portfolio Mgmt4.7175,000
Legal Services1.7215,000
Operations/Production Mgmt/Supply Chain1.9155,000
Private Equity/Venture Capital- Investor18.1185,000
Product/Brand Marketing2.7133,000
Product Management8.7160,000
Real Estate1.7150,000

Employment by Location

The vast majority (91%) of Wharton MBA graduates from 2023 landed jobs within the US, while only a small percentage (9%) opted for international opportunities. Interestingly, within the US, the Northeast proved to be the most popular landing spot, drawing almost half of graduates (48.3%), with the West coming in second at 20.5%

Location

  • United States - 91%
  • International - 9%

United States

  • Mid-Atlantic - 8.7%
  • Midwest - 3.8%
  • Northeast - 48.3%
  • South - 5.2%
  • Southwest - 4.6%
  • West - 20.5%

International

  • Asia - 4.6%
  • Canada - 0.6%
  • Europe - 2.1%

Salaries by location

United States$175,000
Mid-Atlantic185,000
Midwest190,000
Northeast175,000
South175,000
Southwest190,000
West175,000
International$150,000
Asia150,000
Europe141,498

Wharton MBA - Cost of Attendance

First-year budget, 2024-2025

Tuition$84,830
University Fees$4,670
Living Expenses$33,804
Health Insurance*$4,210
Total$127,514

Second-Year budget, 2024-2025

Tuition$83,830
University Fees$4,670
Living Expenses.$33804
Health Insurance*$4,210
Total$126,514

Wharton MBA Scholarships

Thanks to the generosity of individuals, companies, and foundations, as well as the Wharton School itself, Wharton offers a wide range of fellowships to many of its best students.

All students who are accepted are considered for a Wharton Fellowship based on their application for admission. Fellowships are given to people who have unique personal qualities and backgrounds, have done well in school, have grown professionally, and have been active in their communities.

  • Awards are listed in the letter about admission and financial aid.
  • Fellowships are awards that last two years and are spread out over four semesters for an MBA student.
  • The Wharton Fellowship Committee does not offer a reconsideration of fellowship support.

Joseph Wharton Fellowships

Joseph Wharton Fellowships are named in honor of Joseph Wharton, the founder of the Wharton School. These fellowships are awarded to students with outstanding records of academic, personal, and professional achievements.

Howard E. Mitchell Fellowships

Established in 1992, in honor of former Wharton professor Howard E. Mitchell, WG ’51, this fellowship is awarded to traditionally underrepresented domestic populations, specifically Black/African American, Latino/Hispanic, Native American/American Indian or Alaskan Native, and Native Hawaiian/Asian Pacific Islander to provide financial support to graduate students of color, based on proven leadership, academic excellence, work experience, and/or demonstrated commitment to empowering traditionally underrepresented groups. Each year, a cohort of students receives full tuition, engages in leadership programming, and joins a large network of other Mitchell Fellows and alumni.

Emerging Economy Fellowships

Emerging Economy Fellowships are offered to support students from emerging economies throughout the world.

Forté Fellowships

Forte Fellowships are awarded each year to outstanding students who demonstrate exemplary leadership academically, professionally, or creatively, as well as a proven commitment to the empowerment of women in education or the workplace.

ROMBA Fellowship

The ROMBA LGBT+ Fellowship is a joint effort between The Wharton MBA Program and Reaching Out to develop the out LGBT+ and active ally business leaders of tomorrow. Each Fellow receives a minimum $20,000 scholarship and access to exclusive leadership programming including an all-expenses-paid retreat.

Prism Fellowship

The Wharton Prism Fellowship will cover full Wharton tuition over the recipient’s time in the Wharton MBA program. This fellowship is awarded to one student who is a member of and demonstrates leadership in support of the LGBTQIA community.

Social Impact Fellowships

Social Impact Fellowships are offered to students with demonstrated leadership in the public and/or not-for-profit sectors.

The Chapman Taylor Family MBA Fellowship

The purpose of the Chapman Taylor Family MBA fellowship is to provide financial support to graduate student or students in the Wharton School with a preference for students who have served as a Peace Corps volunteers.

Corporate and Foundation Fellowships

The following select list of corporations and foundations are fellowship supporters of named Wharton MBA fellowships:

  • Alcoa Inc.
  • American Express Philanthropic Program
  • Bain & Company, Inc.
  • Bank of America Corporation
  • Bechtel Foundation
  • Citigroup Foundation
  • Credit Suisse
  • Daimler Chrysler Corporation Fund
  • Deutsche Bank
  • Exxon Mobil Corporation
  • Ford Motor Company Fund
  • General Mills, Inc.
  • General Motors Foundation
  • The Goldman Sachs Group, Inc.
  • Merrill Lynch & Co., Inc.
  • New America Alliance Institute
  • Pension Real Estate Association
  • Robert A. Toigo Foundation
  • Robert R. Nathan Memorial Foundation

Wharton Fellowships for Current Students

Throughout your time in the MBA Program, additional fellowship options become available to students in multiple areas. These have their own distinct application process, award amounts, and criteria.

2nd Year Financial Aid Awards

Established to provide additional financial support to Wharton MBA students in their second year of the MBA Program. The fellowship support will be determined by the Wharton Fellowship Committee based on submitted application and a review of existing loan balances, prior fellowships, and other support received.

Academic Fellowships

  • Ford Fellowship – First year, best student
  • Academic Excellence Fellowship – Terms 2 and 3, best student
  • Inselbag Fellowship – First year (Top 5% eligible)
  • McGowan Fellowship – First year (Top 5% eligible)
  • Director’s List Fellowship – Each semester (Top 10% eligible)
  • Dr. Bruce I. Jacobs Scholars in Quantitative Finance – Second-year, exceptional students in Quantitative Finance Major

Entrepreneurial Awards and Fellowships

  • Penn Wharton Innovation Fund
  • Summer Venture Award
  • Startup Internship Award
  • Edward B Shills / Leonard L Zeidman Fellowship

Leadership Fellowships

  • Behrman Family Fellowships (3) in demonstrated leadership and financial need.
  • Recipient selection process maintained within Leadership Program.

Real Estate Fellowships

Samuel Zell and Robert Lurie Real Estate Center Awards: Committed to excellence in education, the Center awards fellowships and scholarships to promising real estate students.

Whitney M Young Fellowship

Second-year, active member of the AAMBAA community who has demonstrated academic excellence and made outstanding contributions to the achievement of excellence by people of color in the Wharton, University of Pennsylvania and/or greater business communities.

Toigo Fellowships

The Toigo MBA Fellowship provides minority MBA candidates committed to careers in finance with an unmatched network of contacts, a prestigious point of difference in the eyes of employers, one-on-one career guidance, leadership training, a merit award—and more.

Final Thoughts

Getting an MBA from Wharton is a dream for most MBA applicants. Wharton is one of the best business schools in the world, so getting into it can be hard. Even though there is no foolproof method to ensure admission to Wharton, you can improve your chances significantly by working diligently on your application. We can help you get into Wharton. Our consultants include Wharton alumni who will give you the most accurate advice and guidance you’ll need to get into Wharton. So, get started now.

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