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 class profile of 2024 and employment data of Wharton’s class of 2022, such as the top industries, job locations, post-MBA employers, and median salaries.
This article will offer employment data for Wharton’s full-time MBA class of 2022, using a combination of data from the Wharton School and our own examination of job outcomes for Wharton MBA grads.
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 2024 of the Wharton
| Applications Received | 6319 |
| Class Size | 877 |
| Average GMAT Score | 733 |
| GMAT Range | 530-790 |
| Median GRE Score | 324 |
| GRE Range | 289-340 |
| Average GPA | 3.60 |
| Work Experience (Average) | 5 years |
| Tuition Cost for a Single Person | $73,440 |
| Percentage of students that received a job offer | 95% |
| 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 2024
Enrollment
A total of 6,319 people applied to be a part of the Wharton class of 2024. However, Wharton gave a chance to 13.8% of the applicants and 877 students enrolled.
- Applications Received by Wharton – 6,319
- Total Enrolled – 877
- Enrollment rate – 13.8%
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 2024. Half (50%) of the Wharton class of 2024 is female and 35% of students are foreign-born and belong to 77 countries.
- % women in the Wharton class of 2024 – 50%
- % international students in the Wharton class of 2024 – 35%
Test Scores and GPA
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 2024 is 3.6, the average GMAT score is 733, and the average GRE score is 324.
Average GPA – 3.6
GMAT Score
- Average GMAT – 733
- GMAT Range: 530-790
GRE Score
- Average GRE – 324
- GRE Range – 289-340
Undergraduate Major
The highest number of Wharton class of 2024 students have a background in STEM programs (34%) and Humanities (34%) followed by Business (32%).
More details are in the table below:
| Undergraduate Major | Percentage of Wharton class of 2024 |
| STEM | 34% |
| Humanities | 34% |
| Business | 32% |
Pre-MBA industry of Wharton MBA class of 2024
Every student in the Wharton class of 2024 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 Technology (12%) and Non-Profit (12%).
More details are in the table below:
| Pre-MBA industry | % of Wharton class of 2024 |
| Consulting | 27% |
| Technology | 12% |
| Nonprofit/Government | 12% |
| Venture Capital/Private Equity | 9% |
| Other | 9% |
| Investment Baking | 8% |
| Investment Management | 7% |
| Financial Services | 5% |
| Health Care | 5% |
| Energy | 2% |
| Media/Entertainment | 2% |
| CPG | 2% |
| Retail | 1% |
MBA Application Deadlines
The application dates for the MBA Class of 2025 (incoming class of 2023) are
| Application Round | Deadline | Decisions |
| Round 1 | Sep 7, 2022 | Dec 15, 2022 |
| Round 2 | Jan 4, 2023 | Mar 23, 2023 |
| Round 3 | Mar 29, 2023 | May 10, 2023 |
| Deferred Admissions | Apr 26, 2023 | Jun 29, 2023 |
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 2022
The Wharton class of 2022 received a median base salary of $175,000.
Here are the details:
- Median Base Salary - $175,000
- 98.7% received an offer within 3 months of graduating
Employment by Industry
26% of the Wharton MBA class of 2022 found employment in consulting followed by 19% in Technology, and 15% in Private Equity.
More details are in the below table.
| Industry | % Wharton class of 2024 hired | Median Salary |
| Consulting | 24.3 | 175,000 |
| Consumer Products | 1.6 | 120,000 |
| Energy | 1 | 150,000 |
| Hedge Funds/Other Investments | 2 | 175,000 |
| Insurance & Diversified Services | 1.8 | 162,000 |
| Investment Banking/Brokerage | 11.7 | 175,000 |
| Investment Management | 6.4 | 170,559 |
| Private Equity/Buyouts/Other | 12.6 | 175,000 |
| Venture Capital | 4.1 | 150,000 |
| FinTech | 2.3 | 155,000 |
| Health Care | 5.6 | 160,000 |
| Manufacturing | 1.3 | 155,000 |
| Media, Entertainment & Sports | 1.3 | 150,000 |
| Real Estate | 2.3 | 147,500 |
| Retail | 2.5 | 147,500 |
| Social Impact | 1.3 | 135,000 |
| Technology | 16.9 | 153,500 |
| Others | 1% | NA |
Employment by function
32.3% of the Wharton MBA class of 2022 found employment in Consulting, followed by 16% in PE/VC, and 11% in Investment Banking.
More details are below.
| Function | % Wharton class of 2024 hired | Median Salary |
| Business Development | 5.9 | $160,500 |
| Consulting/Strategy | 32.3 | $175,000 |
| Corporate Finance (Analysis/Treasury) | 1.1 | $155,000 |
| Entrepreneurial Management | 1 | $162,500 |
| General/Project Mgmt/Mgmt Development | 5.7 | $160,000 |
| Human Capital | 0.7 | $135,500 |
| Investment Banking | 11.2 | $175,000 |
| Investment Management/Portfolio Mgmt | 6.7 | $170,000 |
| Operations/Production Management/Supply Chain | 2.5 | $165,000 |
| Private Equity/Venture Capital - Investor | 16.1 | $175,000 |
| Product/Brand Marketing | 3.8 | $126,500 |
| Product Management | 7.7 | $160,000 |
| Real Estate | 2.5 | $150,000 |
| Sales | 0.7 | $150,000 |
| Others | 2.1 | NA |
Employment by Location
Majority (95.2%) of the Wharton MBA class of 2022 found employment in the United States. A mere 4.8% chose to work outside the US. In the US, 43.1% found jobs in the North East and 24.5% in the West.
More details are below.
Location
- United States - 95.2%
- International - 4.8%
United States
- Mid-Atlantic - 9.6%
- Midwest - 3.5%
- Northeast - 43.1%
- South - 4.7%
- Southwest - 6.2%
- West - 24.5%
International
- Asia - 2.8%
- Canada - 0.7%
- Europe - 1%
Salaries by location
| United States | $175,000 |
| Mid-Atlantic | 175,000 |
| Midwest | 175,500 |
| Northeast | 175,000 |
| South | 170,000 |
| Southwest | 175,000 |
| West | 170,000 |
| International | $152,000 |
| Asia | 152,000 |
| Europe | 134,787 |
Wharton MBA - Cost of Attendance
| FIRST-YEAR BUDGET, 2022-2023 | |
| Tuition, and Fees (Includes $2000 Pre-Term Fee) | 84874 |
| Room and Board | 22887 |
| Books, Supplies, Misc. | 6778 |
| Health Insurance* | 4029 |
| Total | 118568 |
| SECOND-YEAR BUDGET, 2022-2023 | |
| Tuition and Fees | 82874 |
| Room and Board | 22887 |
| Books, Supplies, Misc. | 6778 |
| Health Insurance* | 4029 |
| Total | 116568 |
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.
