Wharton School Acceptance Rate, Tuition Fees & Admission Requirements

Established in 1881, the Wharton School of the University of Pennsylvania is the oldest collegiate business school in the world. While it boasts a historic legacy, it continues to shape future global leaders. Notable alumni include former U.S. President Donald Trump, Elon Musk (CEO of SpaceX), and legendary investor Warren Buffet. Wharton is consistently ranked among the top business schools globally, holding the 2nd spot in the US News & World Report’s Best Business Schools. The average annual salary for Wharton graduates stands at $86,217, reflecting its prestige and employability. If you’re aiming to study here, it’s crucial to understand the Wharton School acceptance rate, application components, and costs involved. This guide has all the details you need to boost your chances.
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English Proficiency Requirements
Wharton School requires all international candidates who are non-native English language speakers to submit their English proficiency test scores. This helps the university to analyze the applicant’s ability to keep up with the rigorous academic regime of the school. But for the candidates applying in the 2021-22 cycle, who are native English speakers or had English as the primary language of instruction during high school, submitting English Proficiency test scores is optional. For others, the following are the requirements laid down by the Wharton School-
- 100 and above on the TOEFL iBT
- 7.0 and above on the IELTS academic
- 120 and above on the Duolingo English Test
ACT/SAT requirements
Due to the disruption caused by the COVID-19 pandemic, Wharton School of Business has extended the test-optional policy through the 2021-22 application cycle. This implies that you can choose whether or not to submit your ACT/SAT scores. Applicants who choose not to submit the scores won’t be at any disadvantage over those who do as the school will take the admission decision after a comprehensive review of all components of the candidate’s application. No particular score can guarantee admission. We have mentioned average scores below to give you an idea of what you should be aiming for to have good chances of acceptance.
Test | Score Range | Average Score Required |
ACT | 1-36 | 32-35 |
SAT | 400-1600 | 1450-1570 |
Tuition Fee and Cost of Living
Wharton is the Oldest Business School in the World. An institute with such a rich history and prestigious reputation is certainly going to be a bit costly. And, you’ll also have to budget for the living expenses during your study period. That cost will depend on your lifestyle choices. The below-mentioned figures are the estimated values and keep on changing each year. We advise visiting the official website of the school for exact figures.
Annual Cost | In US Dollars | In Indian Rupees |
Tuition Fees | $61,170 | ₹42,81,900 |
Living Expenses | $18,848 | ₹13,19,360 |
Total Cost | $80,018 | ₹56,01,260 |
The conversion from USD to INR has been made with $1=₹70. The cost may vary with the varying exchanging rate.
Application PortalÂ
You can apply to the Wharton School of the University of Pennsylvania through the following portals-
- Common Application Portal (apply here).
- Coalition Application Portal (apply here).
Applications through both portals are given equal emphasis in the comprehensive review process. You should apply only through one portal and not mix and match across platforms.
Essay Prompts
The Penn Application process requires you to submit a personal essay and two supplemental Penn essays along with the academic and extracurricular details at the portal. The supplemental essay questions are mentioned below.
- Considering the specific undergraduate school you have selected, how will you explore your academic and intellectual interests at the University of Pennsylvania? (300-450 words)
- At Penn, learning and growth, happen outside of the classroom, too. How will you explore the community at Penn? Consider how this community will help shape your perspective and identity, and how your identity and perspective will shape this community. (150-200 words)
Application Deadlines
Following are the application deadlines and other important dates for applying to the Wharton School of the University of Pennsylvania for admission-
Early Decision | Regular Decision | |
Application Deadline | November 1, 2021 | January 5, 2022 |
Decision Notification | Mid December 2021 | April 2022 |
Enrollment Notification | January 5, 2022 | May 2, 2022 |
Conclusion
With an acceptance rate of around 9%, gaining admission to the Wharton School is no small feat. But with the right mentorship, preparation, and strategic planning, your chances increase significantly.
That’s where UniRely steps in. With mentors currently studying at Wharton and other Ivy League schools, UniRely offers first-hand guidance to navigate your journey effectively. From essay writing to application tips, UniRely helps you get closer to your dream. Sign Up at UniRely to get started.Â