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, Winter 2005

FEATURES
Missions Accomplished 10
For 25 years, graduates of the Jerome Fisher Program in Management and Technology have been putting their knowledge to work just about everywhere (even on the moon).

Age Power! 14
Faculty and alumni weigh in on retirement, a possible labor shortage, and the strengths of an older work force.

Teamwork in a Shock Trauma Unit 24
Wharton’s Katherine Klein studies emergency action teams to find new lessons in leadership.

Download Wharton Alumni Magazine, Winter 2005

PDF format, 2.1MB, 41Pages.

Age Power!
By Nancy Moffitt

With the baby boomer generation nearing 65, key players at a recent Wharton conference weighed in on retirement, a possible labor shortage, and the strengths of an older work force.

Matthew London watched his older brother move from the world of work to a fairly standard retirement—to hobbies, travel and volunteer work he hoped would keep his still-active mind sharp and give him a place to contribute.

But his decades of business savvy weren't put to use in his new role as a hospital volunteer. The filing and other clerical work left him feeling empty, he confided to his younger brother—it seemed little more than "busy work."

London, W'51, observed his brother's new life with empathy—and wariness. "I didn't want to retire and be unhappy," he said. "I wanted to keep working—to stay in my field."

And so he has. At age 75, London runs Philadelphia University's distance learning program as well as teaching courses in its business school, a four-day-a-week schedule he has no plans to scale back. "It's an enjoyable life," he says. "I'm ready to keep on going."

London is a part of an unprecedented demographic shift: in most of the developed world, the workforce is aging. In the U.S. alone, nearly 20 percent of American workers will be 55 and over by 2012, up from 12 percent in 1992. As the proportion of younger workers continues to decline, attracting and retaining mature workers will become all the more critical for businesses, with many labor economists predicting severe labor shortages by 2015. ...

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