The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States. It was established in 1881 through a donation of Joseph Wharton.
Alone and in conjunction with the other schools and colleges of the university, Wharton grants B.S. and MBA degrees, offers a Ph.D. program, and houses or co-sponsors several diploma programs. With the most electives of any business school,Wharton's MBA program 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.
The school currently has 278 faculty members, translating to a 17:1 student-to-faculty ratio. The school's faculty is the world’s most published and most cited among business schools. Research published in the peer-reviewed Academy of Management Journal ranked Wharton as the top institution in the simultaneous pursuit of scholarly achievements and excellence in teaching. 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. In terms of MBA program ranking, the Financial Times has placed the Wharton School as the top business school in the world for eleven out of twelve years from 2000 to 2011.
The admissions process at Wharton is highly selective; it is one of the most competitive business schools in the world. A high GPA, high GMAT score, and very strong non-quantitative credentials are typically required for admission.
The school publishes an online journal, Knowledge@Wharton, that is "the envy of every other school" according to The Economist, and has a newly established 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 Wharton Research Data Services(WRDS).