The Thouron Award is a postgraduate scholarship established in 1960 by Sir John R. H. Thouron , K.B.E. , and Esther du Pont Thouron . It is one of the most prestigious and competitive academic awards in the world. It was created to strengthen the "special relationship" between the United States and the United Kingdom through educational exchange between British universities and the University of Pennsylvania . Through the programme the Thourons sought to nourish and develop Anglo-American friendship by ensuring that, in the years to come, a growing number of the leading citizens of these two countries would have a thorough understanding of their trans-Atlantic neighbours. In the years since its founding, the Thouron Award has sponsored programs of graduate study for more than 650 fellows, known as Thouron Scholars.
102-462: Graduates of British universities receive support for up to two years of study – in any degree course – at the University of Pennsylvania, and Penn graduates may study at any university in the U.K. with up to two years of support. The Award, among the most generous exchange fellowships in the world, pays tuition and a stipend that covers room, board, and such extras as entertainment and travel. In
204-502: A 1959 Philadelphia ordinance requiring total budget for new construction or major renovation projects in which governmental resources are used to include 1% for art to be used to pay for installation of site-specific public art, in part because many alumni collected and donated art to Penn, and in part because of the presence of the University of Pennsylvania School of Design on the campus. In 2020, Penn installed Brick House ,
306-687: A March 2017 university statement. In 2007, Penn acquired about 35 acres (14 ha) between the campus and the Schuylkill River at the former site of the Philadelphia Civic Center and a nearby 24-acre (9.7 ha) site then owned by the United States Postal Service . Dubbed the Postal Lands, the site extends from Market Street on the north to Penn's Bower Field on the south, including
408-520: A Tree Campus USA since 2009 and formally recognized as an accredited ArbNet Arboretum since 2017. Penn maintains an interactive website linked to Penn's comprehensive tree inventory, which allows users to explore Penn's entire collection of trees. The second arboretum, Morris Arboretum , which serves as the official arboretum of the Commonwealth of Pennsylvania , is 92 acres and includes over 13,000 labelled plants from over 2,500 types, representing
510-507: A bunch of academic "misfits," and some of its alumni rose in the U.S. business world. During this period, the school continued to attract additional faculty members and expand its research programs. Wharton began awarding MBA degrees in 1921. The first woman to earn an MBA at Wharton was Alma K. Ledig , in 1931. In 1942, during World War II , in the same fashion of other schools, Wharton's full-time faculty dropped dramatically from 165 to 39 by 1944. According to school historians, members of
612-955: A center for continuing business education for senior executives. The institute is named in honor of civic leader, business owner, philanthropist, and Wharton alumnus Julian Aresty and his brother Joseph Aresty, who together endowed the Aresty Institute for Executive Education in 1987. Wharton Executive Education offers programs for executives in areas such as finance, marketing, strategy, and innovation. Each year, more than 10,000 professionals worldwide attend Wharton Executive Education programs in classes taught by full-time Wharton faculty. Wharton offers more than 50 open enrollment programs for individuals on campuses in Philadelphia, San Francisco, and Beijing, China. Wharton also overs three long-duration open-enrollment programs that confer alumni status upon successful completion. These programs are
714-431: A clay house. At the installation, Penn president Amy Guttman proclaimed that "Ms. Leigh's sculpture brings a striking presence of strength, grace, and beauty—along with an ineffable sense of mystery and resilience—to a central crossroad of Penn's campus." The Covenant , known to the student body as "Dueling Tampons" or "The Tampons," is a large red structure created by Alexander Liberman and located on Locust Walk as
816-487: A colloquium space on the top floor. Steinberg Hall-Dietrich Hall is a joint 180,000-square-foot structure comprising two adjacent halls. It was built in 1952 and expanded in 1983 through a donation from Wharton alumnus Saul Steinberg , and houses the offices of several academic departments at the Wharton School. It also contains lecture halls, conference rooms and common areas for faculty and students. Vance Hall
918-505: A concentration requires a student to take four classes outside of what is required in the core curriculum. Policy has recently changed such that Wharton students can graduate with a maximum of 2 concentrations rather than 3. In the 2015–16 school year, 334 employers participated in the on-campus recruiting process; each student received an average of 7.6 first-round interviews and 1.8 job offers. About 48% of Wharton's typical undergraduate class of 650 students go into financial services , with
1020-790: A degree from the College of Arts and Sciences and a degree from the School of Engineering and Applied Sciences. Also, the Vagelos Scholars Program in Molecular Life Sciences allows its students to either double major in the sciences or submatriculate and earn both a BA and an MS in four years. The most recent Vagelos Integrated Program in Energy Research (VIPER) was first offered for the class of 2016. A joint program of Penn's School of Arts and Sciences and
1122-553: A gateway to the high-rise residences "super block." It was installed in 1975 and is made of rolled sheets of milled steel. A white button, known as The Button and officially called the Split Button is a modern art sculpture designed by designed by Swedish sculptor Claes Oldenburg (who specialized in creating oversize sculptures of everyday objects). It sits at the south entrance of Van Pelt Library and has button holes large enough for people to stand inside. Penn also has
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#17327836845341224-473: A group of Philadelphians organized to erect a great preaching hall for George Whitefield , a traveling Anglican evangelist , which was designed and constructed by Edmund Woolley . It was the largest building in Philadelphia at the time, and thousands of people attended it to hear Whitefield preach. In the fall of 1749, Benjamin Franklin , a Founding Father and polymath in Philadelphia, circulated
1326-568: A large part of Washington University in St. Louis . They were known for having combined the Gothic architecture of the University of Oxford and University of Cambridge with the local landscape to establish the Collegiate Gothic style. The present core campus covers over 299 acres (121 ha) in a contiguous area of West Philadelphia's University City section, and the older heart of
1428-483: A lawyer in Connecticut in the second half of the 19th century. After resigning from his law firm, he started pursuing a new career in business journalism and was promoted to the editor role of Bankers Magazine , a trade publication, in 1880. Upon joining the Wharton School, he began teaching business with classes on the law of governing finance and on the processes of commercial banking. Bolles' instruction in finance
1530-445: A liberal education in all matters concerning Finance and Economy." The school was renamed the Wharton School of Finance and Commerce, in 1902, and formally changed its name to simply Wharton School in 1972. Early on, the Wharton School faculty was tightly connected to an influential group of businessmen, bankers, and lawyers that made up the larger Philadelphia School of Political Economy. The faculty incorporated social sciences into
1632-499: A median first-year base compensation of $ 86,217. The school offers two paths, an MBA for full-time students and an MBA for executives. Students can elect to pursue double majors or individualized majors. During their first year, all students pursue a required core curriculum that covers traditional management disciplines—finance, marketing, statistics, and strategy—as well as the leadership, ethics, and communication skills needed at senior levels of management. Students pick electives in
1734-467: A monumental work of art, created by Simone Leigh at the College Green gateway to Penn's campus near the corner of 34th Street and Woodland Walk. This 5,900-pound (2,700 kg) bronze sculpture, which is 16 feet (4.9 m) high and 9 feet (2.7 m) in diameter at its base, depicts an African woman's head crowned with an afro framed by cornrow braids atop a form that resembles both a skirt and
1836-621: A number of empirical studies conducted on the nation's most elite schools, with a particular focus on Ivy League universities. Leading universities in the United States cite stronger alumni connections and continued support as the primary reasons for this practice. Wharton undergraduate students are required to graduate with a B.S. in economics with at least 1 of 21 current concentrations. Concentrations range from finance and accounting to lesser-known studies such as business analytics and Social Impact & Responsibility. Obtaining
1938-748: A pamphlet, " Proposals Relating to the Education of Youth in Pensilvania ," his vision for what he called a "Public Academy of Philadelphia". On June 16, 1755, the College of Philadelphia was chartered, paving the way for the addition of undergraduate instruction. Much of Penn's current architecture was designed by the Philadelphia -based architecture firm Cope and Stewardson , whose owners were Philadelphia born and raised architects and professors at Penn who also designed Princeton University and
2040-414: A rapidly evolving industrial era. Wharton was quoted as saying that the school was meant to "instill a sense of the coming strife [in business life]: of the immense swings upward or downward that await the competent or the incompetent soldier in this modern strife." From the founding of the school, he defined that its goal was "to provide for young men special means of training and of correct instruction in
2142-524: A replica of the Love sculpture, part of a series created by Robert Indiana . It is a painted aluminum sculpture and was installed in 1998 overlooking College Green. In 2019, the Association for Public Art loaned Penn two multi-ton sculptures. The works are Social Consciousness , created by Sir Jacob Epstein in 1954, and Atmosphere and Environment XII , created by Louise Nevelson in 1970. Until
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#17327836845342244-591: A student's GPA to be a very important academic factor, with emphasis on an applicant's high school class rank and letters of recommendation. Admission is need-blind for U.S., Canadian, and Mexican applicants. For the class of 2026, entering in Fall 2022, the university received 54,588 applications. The Atlantic also ranked Penn among the 10 most selective schools in the country. At the graduate level, based on admission statistics from U.S. News & World Report , Penn's most selective programs include its law school,
2346-447: A tech incubator. The rest of the site, known as South Bank, is a mixture of lightly refurbished industrial buildings that serve as affordable and flexible workspaces and land for future development. Penn hopes that "South Bank will provide a place for academics, researchers, and entrepreneurs to establish their businesses in close proximity to each other to facilitate cross-pollination of their ideas, creativity, and innovation," according to
2448-399: Is a private Ivy League research university in Philadelphia , Pennsylvania, United States. It is one of nine colonial colleges and was chartered prior to the U.S. Declaration of Independence when Benjamin Franklin , the university's founder and first president, advocated for an educational institution that trained leaders in academia, commerce, and public service . Penn identifies as
2550-490: Is a 107,000-square-foot structure built in 1972 to house Wharton's graduate programs, administrative offices, lecture halls, and meeting areas. Lauder-Fischer Hall houses the Joseph H. Lauder Institute for Management and International Studies , and focuses mainly on international business teaching and research initiatives. The Lauder Institute was founded in 1983 by Wharton alumni Leonard Lauder and Ronald Lauder . In 2014,
2652-540: Is a general business degree focused on core business skills. At the graduate level, the Master of Business Administration program can be pursued standalone or along with dual studies leading to a joint degree from its law, engineering, and government schools. In addition to its tracks in accounting, finance, operations, statistics, and other academic departments, the doctoral and post-doctoral programs co-sponsor several diploma programs in conjunction with other schools within
2754-498: Is accredited by the International Association for Continuing Education and Training (IACET); it was the first online business school to be accredited by this organization. The COVID-19 pandemic meant a rapid shift towards online teaching, transforming some of the classroom courses into online courses. For years there has been a strong investment in online education, so the school has been able to adapt well to
2856-519: Is credited with founding the academic field of study known as industrial relations . He served in several capacities in the federal government, most notably as a mediator and arbitrator . During his career, Taylor settled more than 2,000 strikes . In 1967, he helped draft the New York State civil service law that legalized collective bargaining in the state but that also banned strikes by public employees—legislation widely known today as
2958-524: Is known widely as "the father of insurance education." He originated the concept of "human life value," which became a standard method of calculating insurance value and need. He established the goal of professionalism in the field of insurance, developed the first collegiate-level program in insurance and chaired the Department of Insurance at Wharton, and contributed greatly to the progress of adult education in this area. Wharton professor Daniel M. McGill
3060-519: Is located east of the Highline Green and stretches from Walnut to South Streets . Penn maintains two arboreta. The first, the roughly 300-acre (120 ha) Penn Campus Arboretum at the University of Pennsylvania, encompasses the entire University City main campus. The campus arboretum is an urban forest with over 6,500 trees representing 240 species of trees and shrubs, ten specialty gardens and five urban parks, which has been designated as
3162-631: Is the business school of the University of Pennsylvania , a private Ivy League research university in Philadelphia . Established in 1881 through a donation from Joseph Wharton , a co-founder of Bethlehem Steel , the Wharton School is the world's oldest collegiate business school. The Wharton School awards Bachelor of Science in Economics undergraduate and graduate degrees with a school-specific economics major , with concentrations in over 18 disciplines in Wharton's academic departments. The degree
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3264-796: Is the undergraduate division of the School of Arts and Sciences . The School of Arts and Sciences also contains the Graduate Division and the College of Liberal and Professional Studies , which is home to the Fels Institute of Government , the master's programs in Organizational Dynamics, and the Environmental Studies (MES) program. Wharton School is the business school of the University of Pennsylvania. Other schools with undergraduate programs include
3366-464: The Beaux-Arts building include a rotunda and gardens that include Egyptian papyrus . Penn maintains a website providing a detailed roadmap to small museums and galleries and over one hundred locations across campus where the public can access Penn's over 8,000 artworks acquired over 250 years, which includes paintings, sculptures, photography, works on paper, and decorative arts. The largest of
3468-835: The Declaration of Independence , seven who signed the United States Constitution , 24 members of the Continental Congress , three presidents of the United States , 38 Nobel laureates, nine foreign heads of state , three United States Supreme Court justices, at least four Supreme Court justices of foreign nations, 32 U.S. senators , 163 members of the U.S. House of Representatives , 19 U.S. Cabinet Secretaries , 46 governors , 28 State Supreme Court justices, 36 living undergraduate billionaires (the largest number of any U.S. college or university), and five Medal of Honor recipients. In 1740,
3570-613: The National Science Foundation . Its endowment is $ 21 billion, making it the sixth-wealthiest private academic institution in the nation as of 2023. The University of Pennsylvania's main campus is located in the University City neighborhood of West Philadelphia , and is centered around College Hall . Notable campus landmarks include Houston Hall , the first modern student union , and Franklin Field ,
3672-529: The New York Stock Exchange in analyzing the strategic and commercial implications of information systems. The Wharton School's first business professor was an attorney, Albert Bolles. At the time, there were no other business schools, and no business professors could be recruited elsewhere. Bolles, a lawyer by education and training, and business journalist by career seemed to be the best option for Joseph Wharton. Bolles started his career as
3774-508: The Preakness Stakes . Penn library system has grown into a system of 14 libraries with 400 full-time equivalent (FTE) employees and a total operating budget of more than $ 48 million. The library system has 6.19 million book and serial volumes as well as 4.23 million microform items and 1.11 million e-books. It subscribes to over 68,000 print serials and e-journals. The university has 15 libraries. Van Pelt Library on
3876-631: The School of Engineering and Applied Science , the Wharton School , and the School of Nursing . Among its graduate schools are its law school , whose first professor James Wilson participated in writing the first draft of the U.S. Constitution , its medical school , which was the first medical school established in North America, and the Wharton School, the nation's first collegiate business school. In 2023, Penn ranked third among U.S. universities in research expenditures , according to
3978-478: The School of Nursing and the School of Engineering and Applied Science (SEAS) . The current president is J. Larry Jameson (interim). The University of Pennsylvania Police Department (UPPD) is the largest, private police department in Pennsylvania, with 117 members. All officers are sworn municipal police officers and retain general law enforcement authority while on the campus. The official seal of
4080-597: The Second Industrial Revolution . After two years of planning, Wharton in 1881 founded the Wharton School of Finance and Economy through a $ 100,000 initial pledge, making it the first business school established in the United States. ESCP Europe , established in 1819, and a few other business schools were established in Europe prior to Wharton's founding The school was meant to train future leaders to conduct corporations and public organizations in
4182-457: The Taylor Law . Wharton professor Wroe Alderson (1898–1964) is widely recognized as the most important marketing theorist of the twentieth century and the "father of modern marketing." Wharton professor Paul Green is considered to be the "father of conjoint analysis" for his discovery of the statistical tool for quantification of market research. Wharton professor Solomon S. Huebner
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4284-438: The early decision (ED) process or regular decision (RD) process. Unlike many other undergraduate business programs where students transfer in after their freshman or second year (University of Virginia's McIntire, Emory's Goizueta, UC Berkeley's Haas), Wharton applicants apply specifically for Wharton during their senior year of high school. These candidates are then grouped with a pool of applicants separate from those applying to
4386-402: The fourth-oldest institution of higher education in the United States , though this representation is challenged by other universities since Franklin first convened the board of trustees in 1749, arguably making it the fifth-oldest. The university has four undergraduate schools and 12 graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences ,
4488-540: The rest of the Thirteen Colonies . Since the Penn Museum was founded in 1887, it has taken part in 400 research projects worldwide. The museum's first project was an excavation of Nippur , a location in current day Iraq. Penn Museum is home to the largest authentic sphinx in North America at about seven feet high, four feet wide, 13 feet long, 12.9 tons, and made of solid red granite. The sphinx
4590-1018: The Advanced Finance Program, Advanced Management Program, and the General Management Program. Some programs eligible for alumni status, Wharton Programs for Working Professionals (WPWP), for example, are not offered anymore. However, graduates of these programs are still qualified for "Alumni, Non-Degreed" status by Penn. In addition to a large portfolio of open-enrollment programs for individuals, Wharton Executive Education also offers customized programs for organizations. Custom program topic areas include Finance and Value Creation, Leadership Development, Marketing and Sales, and Strategy and Innovation. Industry areas of expertise include Consumer Products, Retail, Energy, Transportation, Financial Services, Health Care, Pharmaceuticals, Manufacturing and Industrials, Professional Services, Technology and Communications. PWBM analyses
4692-637: The Institute for Research in Cognitive Science. The University of Pennsylvania School of Social Policy and Practice , commonly known as Penn SP2, is a school of social policy and social work that offers degrees in a variety of subfields, in addition to several dual degree programs and sub-matriculation programs. Penn SP2's vision is: "The passionate pursuit of social innovation, impact and justice ." Wharton School The Wharton School ( / ˈ hw ɔːr t ən / WHOR -tən )
4794-777: The Middle East, Mesoamerica , Asia, the Mediterranean, Africa and indigenous artifacts of the Americas. Its most famous object is the goat rearing into the branches of a rosette-leafed plant, from the royal tombs of Ur . The Penn Museum's excavations and collections foster a strong research base for graduate students in the Graduate Group in the Art and Archaeology of the Mediterranean World . Features of
4896-473: The Penn campus is the university's main library. The other 14 are: Penn also maintains books and records off campus at high density storage facility. The Penn Design School 's Fine Arts Library was built to be Penn's main library and the first with its own building. The main library at the time was designed by Frank Furness to be first library in nation to separate the low ceilings of the library stack , where
4998-422: The Penn students. The Thouron family has also established a Thouron Prize for Summer Study at Pembroke College in the University of Cambridge for undergraduate students. The award is granted to eight or nine rising juniors and seniors from Harvard , Yale , and Penn , with typically three students selected from each university. The students receive a full scholarship to travel and spend two months studying at
5100-575: The School of Engineering and Applied Science, VIPER leads to dual Bachelor of Arts and Bachelor of Science in Engineering degrees by combining majors from each school. For graduate programs, Penn offers many formalized double degree graduate degrees such as a joint J.D./MBA and maintains a list of interdisciplinary institutions, such as the Institute for Medicine and Engineering, the Joseph H. Lauder Institute for Management and International Studies, and
5202-549: The Sciences in Philadelphia in a merger, and The Restaurant School at Walnut Hill College . Wistar Institute , a cancer research center, is also located on campus. In 2014, a new seven-story glass and steel building was completed next to the institute's original brick edifice built in 1897 further expanding collaboration between the university and the Wistar Institute. The Module 6 Utility Plant and Garage at Penn
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#17327836845345304-507: The Steinberg Conference Center houses the Aresty Institute of Executive Education. Jon M. Huntsman Hall is the Wharton School's main building. The building is a 324,000-square-foot structure with 48 seminar and lecture halls, 57 group study rooms, and several auditoriums and conference rooms. It was constructed through a donation from Wharton alumnus Jon M. Huntsman . It also has a 4,000-square-foot forum, as well as
5406-592: The Thouron Prize endeavors to give undergraduates "an understanding of both shared and differing aspects of British and American culture." At least one student who won the undergraduate Thouron Prize later went on to win the graduate Thouron Award as well. At least three Thouron Prize winners have also gone on to win the Rhodes Scholarship. University of Pennsylvania The University of Pennsylvania (commonly known as Penn or UPenn )
5508-535: The Thouron family, who personally hold interviews with all the nominees before coming to a final decision. The Thouron Prize is sometimes seen as the sophomore/junior analog of the Rhodes or Marshall Scholarships; however, the latter can only be applied to during one's senior year and typically cover two years of graduate study rather than one undergraduate summer. Similar to the goals of the other British fellowships,
5610-512: The Trustees of the University of Pennsylvania serves as the signature and symbol of authenticity on documents issued by the corporation. The most recent design, a modified version of the original seal, was approved in 1932, adopted a year later and is still used for much of the same purposes as the original. The official seal of the Trustees of the University of Pennsylvania serves as the signature and symbol of authenticity on documents issued by
5712-410: The United States. Since that time over 500 Fellows have been selected. Thouron Fellows have pursued degrees in a wide variety of fields. British Fellows have studied in all of the graduate and professional schools of the University of Pennsylvania. American Fellows have attended some 53 British educational institutions, with Cambridge , Oxford , and the University of London attracting the majority of
5814-479: The University of Cambridge in the Pembroke-King's Programme . The Thouron Prize covers the full cost of the program. In addition, recipients are given a seminar series from Sir Roger Tomkys , a former Master of Pembroke College. Competition for the prizes is often fierce, and the universities typically have their own mechanism for initial nomination. Nominees are then passed onto the consideration of members of
5916-439: The University of Pennsylvania's College of Arts and Sciences (CAS), School of Engineering and Applied Science (SEAS), or School of Nursing. Each of the other three schools also forms its own separate pool of applicants. The legacy status of applicants, defined as having a parent or another direct relative who attended the same academic institution, may be considered in the admissions process. This correlation has been observed in
6018-490: The Wharton School launched the Student Life Space in Philadelphia's central business district. It is a 20,000-square-foot space with conference rooms, meeting rooms and over 20 group study rooms. It also serves as an incubator space for startup companies. In 2018, it was announced that a new 70,000-square-foot campus building for student entrepreneurship would be constructed, following a $ 25 million donation from
6120-546: The Wharton School, but it lacked in any other areas of business interest. Edmund J. James , with a doctorate from the University of Halle in Germany, reinvigorated the school's curriculum, starting classes on political finance and administration. Later in 1885, James argued for redesigning the course of study at Wharton with elements of German higher education. He wanted to include training in banking, railroading, merchandising, manufacturing, and other similar branches, and expand
6222-540: The Wharton curriculum, as the field of business was still under development. Albert S. Bolles, a lawyer, served as Wharton's first professor, and the school's Industrial Research Unit was established in 1921. Wharton professor Simon Kuznets , who later won the Nobel Prize in Economics, created statistical data on national output, prices, investment, and capital stock and measured seasonability, cycles, and secular trends of these phenomena. His work laid out what became
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#17327836845346324-641: The art galleries is the Institute of Contemporary Art , one of the only kunsthalles in the country, which showcases various art exhibitions throughout the year. Since 1983, the Arthur Ross Gallery , located at the Fisher Fine Arts Library , has housed Penn's art collection and is named for its benefactor, philanthropist Arthur Ross . Every College House at the University of Pennsylvania has at least four members of faculty in
6426-527: The autumn of 1960, three British students, a geologist, an economist and a landscape architect, began their courses of study at the University of Pennsylvania as the first Thouron Fellows. In 1961, two graduates of the University of Pennsylvania arrived in the United Kingdom, an economist to the London School of Economics and a classicist to Balliol College, Oxford , as the first Fellows from
6528-526: The books and the outer ring is the Latin motto of the university, "Leges Sine Moribus Vanae." Penn's "One University Policy" allows students to enroll in classes in any of Penn's twelve schools. Penn has a strong focus on interdisciplinary learning and research. It offers double degree programs, unique majors, and academic flexibility. Penn's "One University" policy allows undergraduates access to courses at all of Penn's undergraduate and graduate schools except
6630-445: The books were stored, from forty-foot-plus high ceilinged rooms, where the books were read and studied. The Yarnall Library of Theology, a major American rare book collection, is part of Penn's libraries. The Yarnall Library of Theology was formerly affiliated with St. Clement's Church in Philadelphia. It was founded in 1911 under the terms of the wills of Ellis Hornor Yarnall (1839–1907) and Emily Yarnall, and subsequently housed at
6732-538: The campus comprises the University of Pennsylvania Campus Historic District . All of Penn's schools and most of its research institutes are located on this campus. The surrounding neighborhood includes several restaurants, bars, a large upscale grocery store, and a movie theater on the western edge of campus. Penn's core campus borders Drexel University and is a few blocks from the University City campus of Saint Joseph's University , which absorbed University of
6834-712: The campus is open to executive MBA students and to full-time MBA students, who can decide to spend the spring semester of first year, or fall or spring semesters of second year of the MBA program in San Francisco in the Semester in San Francisco Program. For the full-time MBAs, the Semester in San Francisco Program focuses on entrepreneurship, technology, and venture capital. Prospective Wharton candidates apply in their senior year of high school either through
6936-567: The class reported a median sign-on bonus of $ 30,000 and a median guaranteed bonus of $ 28,204. The MBA program annually receives around 7,300 applications for the 850 places in the class. Wharton co-sponsored the Executive Master's in Technology Management Program (EMTM) with the University of Pennsylvania School of Engineering and Applied Science. Graduates received a Master of Science in engineering (MSE) in
7038-425: The contemporary art, Penn also has several traditional statues, including a good number created by Penn's first Director of Physical Education Department, R. Tait McKenzie . Among the notable sculptures is that of Young Ben Franklin , which McKenzie produced and Penn sited adjacent to the fieldhouse contiguous to Franklin Field . The sculpture is titled Benjamin Franklin in 1723 and was created by McKenzie during
7140-460: The corporation. A request for one was first recorded in a meeting of the trustees in 1753 during which some of the Trustees "desired to get a Common Seal engraved for the Use of [the] Corporation." In 1756, a public seal and motto for the college was engraved in silver. The most recent design, a modified version of the original seal, was approved in 1932, adopted a year later and is still used for much of
7242-499: The course's length to four years from the initial three. Joseph Wharton in November 1893 pledged an additional $ 75,000 to the school in order to implement James' ideas in the school's curriculum. A more comprehensive study plan was then rolled out. Between 1895 and 1915, James started teaching at Wharton the new fields of finance and management as they were developing in the business world. The Wharton School improved its reputation from
7344-420: The doctoral program. Wharton also offers a dual master's degree in statistics and data science for students enrolled in other doctoral programs at the university. Students who are interested in careers in technology industries also regularly study at Wharton's San Francisco campus. The Wharton School also operates the Aresty Institute of Executive Education, commonly known as "Wharton Executive Education",
7446-557: The faculty were called upon for special posts. In 1959, Wharton adopted the curriculum that is now taught in most major business schools: the program was changed with liberal arts education doubling to almost half of the curriculum. In 1974 the social sciences department, along with the rest of the university's liberal arts programs, was moved to the newly created University of Pennsylvania School of Arts and Sciences . Since then, Wharton faculty have focused exclusively on various aspects of business education. Official historical names of
7548-403: The financial and other impacts of possible government policies. Through its online division, Wharton offers massive open online courses on Coursera with specializations in business and financial modeling, business analytics, entrepreneurship, FinTech and business foundations. Wharton Online also offers a Leadership and Management Certificate and a Business Analytics Certificate. The division
7650-562: The former Philadelphia Divinity School. The library's major areas of focus are theology, patristics, and the liturgy, history and theology of the Anglican Communion and the Episcopal Church in the United States of America . It includes a large number of rare books, incunabula, and illuminated manuscripts, and new material continues to be added. The campus has more than 40 notable art installations, in part because of
7752-580: The former main regional U.S. Postal Building at 30th and Market Streets, now the regional office for the U.S. Internal Revenue Service . Over the next decade, the site became the home to educational, research, biomedical , and mixed-use facilities. The first phase, comprising a park and athletic facilities, opened in the fall of 2011. In September 2011, Penn completed the construction of the $ 46.5 million, 24-acre (9.7 ha) Penn Park, which features passive and active recreation and athletic components framed and subdivided by canopy trees, lawns, and meadows. It
7854-511: The health care schools (medicine, dental medicine, nursing, veterinary), the School of Engineering and Applied Sciences, and the Wharton School. Penn offers unique and specialized coordinated dual-degree (CDD) programs, which selectively award candidates degrees from multiple schools at the university upon completion of graduation criteria of both schools in addition to program-specific programs and senior capstone projects. Additionally, there are accelerated and interdisciplinary programs offered by
7956-566: The hedge fund manager and philanthropist Nicolai Tangen . The building will be located at 40th and Sansom Streets, and is set to be completed by 2020. In 2001, Wharton launched a satellite campus in San Francisco, California . The Bay Area campus was created to capitalize on the growing start-up culture and related financing sector of Silicon Valley . It serves as a hub on the West Coast for its students and alumni. As of 2012,
8058-429: The institution include the Wharton School of Finance and Economy, from 1881 to 1901, and the Wharton School of Finance and Commerce, from 1902 to 1971. The Jay H. Baker Retailing Center at Wharton was permanently endowed by alumnus Jay H. Baker in 2010. It is an interdisciplinary industry research center which was originally established in 2002. The center brings together retail leaders, faculty, and students to discuss
8160-427: The knowledge and in the arts of modern Finance and Economy, both public and private, in order that, being well informed and free from delusions upon these important subjects, they may either serve the community skillfully as well as faithfully in offices of trust, or, remaining in private life, may prudently manage their own affairs and aid in maintaining sound financial morality: in short, to establish means for imparting
8262-628: The loan, both works had been located at the West Entrance to the Philadelphia Museum of Art , the older since its creation and the Nevelson work since 1973. Social Consciousness was relocated to the walkway between Wharton's Lippincott Library and Phi Phi chapter of Alpha Chi Rho fraternity house, and Atmosphere and Environment XII is sited on Shoemaker Green between Franklin Field and Ringe Squash Courts. In addition to
8364-882: The management of technology from the School of Engineering and Applied Science. The EMTM program ended in August 2014. Wharton is also part of the Wharton- INSEAD Alliance. MBA students from each program can spend one period of study at the partner school, allowing Wharton students access to the INSEAD campuses in both Fontainebleau and Singapore . Students who are interested in careers in technology industries also regularly study at Wharton's San Francisco campus. Wharton offers doctor of philosophy degrees in finance, applied economics, management, and other business fields (as opposed to some schools, which grant DBAs ). It takes approximately four to six years to complete
8466-475: The medical, veterinary and dental schools. Undergraduates at Penn may also take courses at Bryn Mawr , Haverford , and Swarthmore under a reciprocal agreement known as the Quaker Consortium . * SAT and ACT ranges are from the 25th to the 75th percentile. Undergraduate admissions to the University of Pennsylvania is considered by US News to be "most selective." Admissions officials consider
8568-468: The nation's first dual-level college football stadium and the nation's longest-standing NCAA Division I college football stadium in continuous operation. The university's athletics program, the Penn Quakers , fields varsity teams in 33 sports as a member of NCAA Division I's Ivy League conference. Penn alumni, trustees, and faculty include eight Founding Fathers of the United States who signed
8670-507: The new school off to a respectable start by the spring of 1883." In 1884, the first five business students were awarded a Bachelor of Finance degree. One graduate, Shiro Shiba, returned to Japan where he would become a member of the Diet , the Japanese parliament, and another, Robert Adams Jr. , later was named United States Ambassador to Brazil . Classes in business and finance abounded at
8772-433: The northwest corner of 34th Street and Grays Ferry Avenue, the then site of DuPont 's Marshall Research Labs. In October 2016, with help from architects Matthias Hollwich , Marc Kushner , and KSS Architects , Penn completed the design and renovation of the center piece of the project, a former paint factory named Pennovation Works , which houses shared desks, wet labs, common areas, a pitch bleacher, and other attributes of
8874-560: The opportunities and challenges of retailers. The Baker Retailing Center also hosts an annual CEO Summit in New York City. On February 26, 2020, Erika H. James was named dean of the Wharton School, effective July 1, 2020. She is both the first woman and the first African-American to lead the business school. The Philadelphia campus of the Wharton School has four primary buildings, Jon M. Huntsman Hall, Steinberg Hall-Dietrich Hall, Vance Hall, and Lauder-Fischer Hall. In addition,
8976-501: The pre-World War I era (1910–1914). Other sculptures he produced for Penn include the 1924 sculpture of then Penn provost Edgar Fahs Smith . Penn is presently reevaluating all of its public art and has formed a working group led by Penn Design dean Frederick Steiner , who was part of a similar effort at the University of Texas at Austin that led to the removal of statues of Jefferson Davis and other Confederate officials, and Penn's Chief Diversity Officer, Joann Mitchell. Penn has begun
9078-555: The process of adding art and removing or relocating art. Penn removed from campus in 2020 the statue of the Reverend George Whitefield (who had inspired the 1740 establishment of a trust to establish a charity school, which trust Penn legally assumed in 1749) when research showed Whitefield owned fifty enslaved people and drafted and advocated for the key theological arguments in favor of slavery in Georgia and
9180-708: The roles of House Dean, Faculty Master, and College House Fellows. Within the College Houses, Penn has nearly 40 themed residential programs for students with shared interests such as world cinema or science and technology. Many of the nearby homes and apartments in the area surrounding the campus are often rented by undergraduate students moving off campus after their first year, as well as by graduate and professional students. The College Houses include W.E.B. Du Bois, Fisher Hassenfeld, Gregory, Gutmann, Harnwell, Harrison, Hill College House , Kings Court English, Lauder, Riepe, Rodin, Stouffer, and Ware. The first College House
9282-432: The same purposes as the original. The outer ring of the current seal is inscribed with "Universitas Pennsylvaniensis," the Latin name of the University of Pennsylvania. The inside contains seven stacked books on a desk with the titles of subjects of the trivium and a modified quadrivium , components of a classical education: Theolog[ia], Astronom[ia], Philosoph[ia], Mathemat[ica], Logica, Rhetorica and Grammatica. Between
9384-554: The second year. Wharton MBA students may pursue a dual degree with the Lauder Institute , Johns Hopkins University 's Paul H. Nitze School of Advanced International Studies (SAIS), Harvard Kennedy School at Harvard University , or with one of the graduate schools at the University of Pennsylvania. MBA students from the Class of 2021 earn an average first-year salary and guaranteed compensation of $ 155,000. Additionally,
9486-509: The standard procedure for measuring the gross national product and the gross domestic product , and he later led an international effort to establish the same statistical information for all national economies. Professor Lawrence Klein , who also won the Nobel Prize in Economics, developed the first econometric model of the U.S. economy, which combined economic theory with mathematics, providing another way to test theories and predict future economic trends. Wharton professor George W. Taylor
9588-438: The temperate floras of North America , Asia , and Europe , with a primary focus on Asia. Penn also owns the 687-acre (278 ha) New Bolton Center , the research and large-animal health care center of its veterinary school. Located near Kennett Square , New Bolton Center received nationwide media attention when Kentucky Derby winner Barbaro underwent surgery at its Widener Hospital for injuries suffered while running in
9690-465: The top sectors being investment banking , investment management , and private equity . The next most common industry after finance is management consulting , which hires approximately 22% of the students, while a significant number of students enter marketing, sales, and the technology industry, particularly in Silicon Valley . For the Class of 2020, Wharton undergraduate students reported
9792-477: The university. Joseph Wharton , a native Philadelphian , was a leader in industrial metallurgy who built his fortune through the American Nickel Company and Bethlehem Steel Corporation . As Wharton's business grew, he recognized that business knowledge in the United States was only taught through an apprenticeship system, and such a system was not viable for creating a wider economy during
9894-499: The university. These undergraduate programs include: Dual-degree programs that lead to the same multiple degrees without participation in the specific above programs are also available. Unlike CDD programs, "dual degree" students fulfill requirements of both programs independently without the involvement of another program. Specialized dual-degree programs include Liberal Studies and Technology as well as an Artificial Intelligence: Computer and Cognitive Science Program. Both programs award
9996-613: Was Van Pelt College House, established in the fall of 1971. It was later renamed Gregory House. Fisher Hassenfeld, Ware and Riepe together make up one building called "The Quad." The latest College House to be built is Guttman (formerly named New College House West), which opened in the fall of 2021. Penn students in Junior or Senior year may live in the 45 sororities and fraternities governed by three student-run governing councils, Interfraternity Council, Intercultural Greek Council, and Panhellenic Council. The College of Arts and Sciences
10098-445: Was designed by BLT Architects and completed in 1995. Module 6 is located at 38th and Walnut and includes spaces for 627 vehicles, 9,000 sq ft (840 m ) of storefront retail operations, a 9,500-ton chiller module and corresponding extension of the campus chilled water loop, and a 4,000-ton ice storage facility. In 2010, in its first significant expansion across the Schuylkill River , Penn purchased 23 acres (9.3 ha) at
10200-560: Was discovered in 1912 by the British archeologist, Sir William Matthew Flinders Petrie , during an excavation of the ancient Egyptian city of Memphis, Egypt , where the sphinx had guarded a temple to ward off evil. Since Petri's expedition was partially financed by Penn Petrie offered it to Penn, which arranged for it to be moved to museum in 1913. The sphinx was moved in 2019 to a more prominent spot intended to attract visitors. The museum has three gallery floors with artifacts from Egypt ,
10302-518: Was influenced by his previous experience in Bankers Magazine : he stressed conservative business practices, drawing on business history as much as he could. In his classes, inflationist Congressmen were "self-interested debtors." Besides teaching, Bolles advocated for several national reforms, including the uniform banking law. Wharton historian Steven A. Sass wrote about him, "Bolles thus fulfilled Joseph Wharton's pedagogic expectations and…got
10404-488: Was widely regarded as the "dean of the pension industry," whose research contributed to shaping the modern retirement system both in the public and corporate sectors. In 1946, after ENIAC was created at the University of Pennsylvania, Wharton created the first multidisciplinary programs in technology management with the School of Engineering and Applied Science. Wharton faculty began to work closely with AT&T , Merrill Lynch , MasterCard , Prudential Insurance , and
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