Wharton Business School Facts and Figures
Established in 1881, Wharton Business School at the University of Pennsylvania (also known as “Penn State”) is the world’s first collegiate business school and is one of four undergraduate degree schools at the University of Pennsylvania others include Arts, Sciences, Engineering and Nursing. It was founded by American entrepreneur and industrialist Joseph Wharton whose vision for the school was for graduates to become “pillars of the state, whether in private or public life.”
Wharton is an Ivy League Business School and has been ranked and rated among the most prestigious in the nation – renowned for innovative teaching methods as well as a range of academic programs and resources. Because of this, admissions are competitive and selective. Typically, the undergraduate program receives about 5,500 applications per year, and less than about 10% are accepted.
Wharton School offers B.S., MBA and Ph.D. degrees and 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.
Approximately 30% of B.S. students graduate with more than one undergraduate degree, and 35% of students study abroad. Wharton has an alumni network of 85,000 graduates and the school has more than 4,900 undergraduate, MBA, executive MBA and doctoral students. Thousands more students in other undergraduate and MBA majors choose to take public policy and management courses in the school of business as well.
Aside from the first Wharton School at the University of Pennsylvania located in Philadelphia, Pennsylvania, other campuses reside in other locations. These include San Francisco, California on the top floor of the Folger Building in the city’s business and financial district; Fontainebleau, France; and Singapore – the latter two through an alliance between the Wharton School of Business and INSEAD, one of the world’s largest graduate business schools, founded in 1957.
Wharton School of Business is also known for their online research journal Knowledge@Wharton. The journal is a multi-lingual, free biweekly online resource consisting of podcasts, research papers, books, conferences and more. Knowledge@Wharton has over 1.30 million subscribers worldwide and has over 2,000 articles in its database.
Stats
Current Students: 4,950
Undergraduate: 2,621
MBA: 1,730
MBA Programs for Executives: 411
Doctoral: 188
Standing Faculty: 219
Associated Faculty: 71
New Faculty: 23
International Faculty: 95
Women Faculty: 59
Alumni: 85,000
Endowment: $656 million
UK Business Schools
Business Schools across the globe provide a wide range of degrees, both Bachelor’s and Master’s, in areas such as business administration, accounting, finance, operations, and information systems management. Master of Business Administration (MBA) is perhaps the most popular and internationally recognized business degree provided by business schools. This degree is academic in nature, yet provides practical preparation for individuals in business and management. An MBA is a popular choice for all those aspiring to become successful managers.
Full-time MBA course work typically last between 1 and 2 years. Short courses are cheaper and more intensive than longer ones, but the majority of the time is spent on “core” skills rather than on electives. Longer courses are more expensive, but they allow one to specialize more. Part-time MBA courses are more variable in length and should be taken only after thinking carefully about balancing conflicting requirements of job, family, and study.
Moreover, one should check if the course and/or school have been accredited. The Association of MBAs (AMBA), http://www.mbaworld.com, is the main accreditation body for MBA courses in the UK. EQUIS is a quality assurance scheme for business schools, operated by the European Foundation for Management Development (EFMD): [http://www.efmd.be].
London Business School is considered to be the top MBA School in the UK. It is arguably the only truly international class school in the country and ranks in the top 10 international schools worldwide. Other good business schools in the UK are City University, Oxford (Said), Cambridge (Judge), Ashridge, Henley, and Edinburgh University.
Therefore, one can opt for one of the several world class business schools in the UK and depending on one’s requirement, choose one of the several programs such as full-time, part-time, executive, or distance-learning being offered by various business schools in the UK.
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