The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton, making it the world’s first collegiate business school.

In conjunction with the other schools and colleagues of the university, Wharton grants B.S., MBA, offers a Ph.D. program, and holds several diploma programs.

With the most electives of any business school[citation needed], Wharton 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.

Since the 1990s, the popular and financial press has consistently ranked Wharton as one of the world's top institutions for business education. Moreover, it has been ranked the best business school in the world by the Financial Times in every year in which the newspaper has ranked business schools, except for 2005, when it tied with Harvard Business School. Wharton usually receives the highest reputation scores from academics and recruiters.

The school has over 300 faculty members, translating to an 8:1 student-to-faculty ratio. The school claims that its faculty are the world’s most published and most cited among business schools[citation needed]. Research published in the peer-reviewed Academy of Management journal ranked Wharton as 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.

The admissions process at Wharton is highly selective — it is one of the most competitive business schools in the U.S. A high GPA, high GMAT score, and very strong non-quantitative credentials are typically prerequisites to admission.

The School publishes an influential[citation needed] on-line journal, Knowledge@Wharton, that is "the envy of every other school", and a newly established publishing house Wharton School Publishing. Wharton maintains the world's largest[citation needed] financial, economics, management, marketing, and public policy data warehouses accessible through state-of-the-art web-based data management services, called WRDS.

(From wikipedia, the free encyclopedia)

View Wharton Alumni Magazine, Summer 2008

FEATURES:
The State of Business in America
Wharton faculty weigh in on these historic economic times.

Practicing What He Preaches
Wharton’s Karl Ulrich, creator of innovations from the TerraPass to a high-tech scooter for commuting, on ideas, design, and execution.

Reunion 2008
Mixing business with pleasure at a festive Reunion Weekend.

DEPARTMENTS
Wharton Now
Warren Buffett hosts Wharton students
Global warming heats up for companies
Nutter’s leadership team comes to Wharton
Welcome new alumni 

Knowledge@Wharton
SFOs in action: How the richest families manage their wealth.

Next Up at Wharton School Publishing
New titles on moving with speed and keeping the momentum going.

Alumni Association Update
Building and maintaining connections; news from Arizona, Dallas/Fort Worth, Michigan, Philadelphia, San Diego.

Leadership Spotlight
Donald D. Humphreys, WG’76

Download Wharton Alumni Magazine, Summer 2008

PDF format, 5MB, 42Pages.

The State of Business in America
Wharton faculty weigh in on these historic economic times.
By Miriam Hill

Foreclosures are at record levels, threatening thousands of homeowners with eviction. More workers have joined the unemployment line. Grocery bills are rising, and Goldman Sachs is predicting that oil could hit $200 a barrel in a few years. “Stagflation” has reentered the national vocabulary.

It’s starting to feel like the 1970s all over again. Or is it?

The 20,000 jobs the economy lost in April was not as bad as expected, and the unemployment rate of 5 percent remains low by historical standards. Retailers are suffering, but consumers are still filling their shopping carts: Costco Wholesale Corp. and Wal-Mart Stores reported better-than-expected April sales.

At Wharton, professors pore over business data to divine where the economy is headed. In late spring, we asked six of them to weigh in on housing, the Fed’s recent behavior, and whether it’s fair to call this downturn a recession, among other topics. Their varied opinions follow. 

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