The Wharton School · Full-time MBA
| University | University of Pennsylvania |
| Business school | The Wharton School |
| Location | Philadelphia, Pennsylvania, USA |
| Program | Full-time MBA |
| Duration | 20 Months |
| US News National Ranking | 7 (2027) |
| US News Business School Ranking | 2 (2026) |
| Tuition | US$87,970 per year |
| University fees | US$5,038 per year |
| Living and other expenses | US$42,433 per year |
| Estimated annual total | US$135,441 |
| Scholarships | Merit-based fellowships available |
Costs reflect the 2026–27 academic-year budget. Living and other expenses include housing, food, books, transport, personal expenses and health insurance.
| Early Action | Not Applicable |
| Round 1 | 08-Sep-2026 |
| Round 2 | 05-Jan-2027 |
| Round 3 | 31-Mar-2027 |
| Submission time | 5:00 p.m. Eastern Time |
| Academic records | Undergraduate degree or equivalent; undergraduate and graduate transcripts |
| Entrance test | GMAT or GRE |
| Resume | One page |
| Career goals responses | 50 words and 150 words |
| Community essay | 350 words |
| Recommendation | One letter, preferably from a current or former supervisor |
| English proficiency | TOEFL iBT, IELTS, PTE or Duolingo, unless eligible for a waiver based on English-medium education |
| Application fee | US$275 |
Additional requirements apply to reapplicants and joint-degree applicants.
Entering Class of 2027
| Class Size | 888 |
| Acceptance Rate | Not Published |
| Average Age | Not Published |
| Average Work Experience | 5 Years |
| Average GPA | 3.7 |
| % Intl Students | 26% |
| Average GMAT (Old) | 735 |
| Average GMAT (Focus) | 676 |
| Average GRE | Not Published |
| Quant | 163 |
| Verbal | 162 |
| Humanities | 36% |
| STEM | 32% |
| Business | 32% |
2026–27 application cycle · prompt summaries
| Essay 1: Immediate career goal | 50 words |
| Essay 1: Medium- and long-term career goals | 150 words |
| Essay 2: Value you will contribute to the Wharton community | 350 words |
| Reapplicant essay: Growth and changes since the previous application | 250 words; required for reapplicants |
| Additional information: Context not addressed elsewhere | 500 words; optional |
These summaries describe the topics. Read the official application guide for the complete questions and instructions.
Class of 2025 · Full-time employment
| Job offers reported | 90.5% of students seeking employment |
| Job acceptances reported | 87.0% of students seeking employment |
| Median annual base salary | US$185,000 |
| Leading industries | Financial services, consulting and technology |
Base salary excludes discretionary bonuses, options and carried interest.
View Employment ReportNo. Wharton considers professional maturity, responsibilities and progression, including early-career applicants.
Yes. Applicants who have completed a three-year bachelor’s degree are eligible to apply.
Yes. Wharton accepts either test, including eligible online and test-centre results.
Yes. Interviews are by invitation after application review; applicants cannot arrange one independently.
Yes. Explain why you want to pursue a second MBA.
No. Wharton does not count academic study as professional work experience.