
What is the Wharton acceptance rate?
| Class of 2029 (fall 2025) | Class of 2030 (fall 2026) | |
|---|---|---|
| Penn applications | 72,544 | 61,264 |
| Offered admission | 3,570 | Not published |
| Admit rate | “5 percent” (4.9% by our calculation) | Not published |
| Enrolled first-years | 2,420 | 2,415 |
| Applications reviewed in the Early Decision round | More than 9,500 | More than 7,800 |
| Share of the enrolled class admitted Early Decision | Not published separately from QuestBridge Match | 52% |
| Wharton applicants and admits | Not published | Not published |
Penn reports admissions for the university as a whole, and neither Penn nor Wharton publishes Wharton applicant or admit counts. The closest Wharton figure is enrollment: Penn Facts lists 1,841 undergraduates in the Wharton School in fall 2025 and does not say how it counts students in coordinated dual-degree programs (Penn Facts). Penn does not say whether its 72,544 and 61,264 application counts are defined the same way; if they are, applications fell 15.5% between the two classes, by our calculation. In our view, the Penn-wide rate is a benchmark rather than a Wharton rate, and an applicant should not read it as the odds for Wharton itself. Our Penn acceptance rate and Penn waitlist pages track the university figures.
How does admission to Wharton work?
Wharton admits first-year students directly. “Students apply for admission to Wharton through the University of Pennsylvania’s Office of Undergraduate Admissions website” (Wharton admissions), and Penn explains that “Penn is one University, but when you submit your application, it will be to one of our” four undergraduate schools or a coordinated dual-degree program (Penn first-year applicants). The Penn short answers “should address your single-degree school choice” (Penn application requirements). The Wharton FAQ adds that “there are no fixed criteria and no cut-offs in terms of grades or test scores” and that “Wharton staff and faculty do not conduct interviews or meet with prospective applicants” (Wharton FAQ).
| Internal transfer window | Application period | Decision | Required courses |
|---|---|---|---|
| Rising second-year (August entry) | April 1 to May 15, 11:59 PM ET | July | MATH 1400 or MATH 1070; ECON 0100; ECON 0200 |
| Second-year (January entry) | November 1 to December 15, 11:59 PM ET | Before the first day of classes in January | The same three, plus two of: ACCT 1010; BEPP 2500 or ECON 2100; STAT 1010 or STAT 1020; LGST 1000, LGST 1010, MGMT 1010 or MKTG 1010 |
Penn students can apply to move into Wharton after two or three semesters, but applicants “must have a minimum cumulative GPA of 3.40” and Wharton warns that “Simply having the minimum GPA and meeting the other eligibility requirements does not guarantee admission.” External transfers and students who have already transferred internally are not eligible (Wharton internal transfer). In our view, entering another Penn school with a plan to move to Wharton is a backup at best, so a student who wants Wharton should apply to Wharton as a first-year.
What does Wharton look for in applicants?
On its Wharton page, Penn lists what it would like to see in Wharton applicants: “strong preparation in mathematics, including exposure to calculus in high school”, “demonstrated leadership”, and “an interest in leveraging business to fuel positive change that advances the world’s economic and social wellbeing” (Penn Admissions, the Wharton School). In our experience, the strongest applications show all three in more than one place: calculus or the most advanced math the school offers on the transcript, a leadership role with a result the student can describe, and a real problem the student wants to work on through business. A business club title on its own says less than a project with a measurable outcome.
What test scores do admitted Penn students have?
For the 2026-27 cycle, “Penn applicants are required to submit scores for the SAT or ACT.” Penn adds that “There is no minimum score required to apply to Penn” and that applicants who face hardship can submit a waiver (Penn testing). The Class of 2030 profile gives middle 50% ranges of 1440 to 1550 on the SAT and 33 to 35 on the ACT for enrolled students, and notes that “testing was required for all students who did not submit a hardship waiver” (Penn incoming class profile). For the Class of 2029, Penn Facts gives middle 50% section scores of 740 to 770 in Evidence-Based Reading and Writing and 770 to 800 in Math, without saying whether these are admitted or enrolled students, and says 95% of students admitted for fall 2025 came from the top 10 percent of their high school class (Penn Facts).
Penn publishes no Wharton score range, and the Penn admissions pages we read give no GPA range, so we give no GPA figure. For Early Decision, Penn accepts tests through October 2026 for the ACT, which has now passed, or November 2026 for the SAT; for Regular Decision, through December 2026 for either test (Penn application requirements).
What are the fall 2027 deadlines, and how does Early Decision work at Penn?
| Plan | Deadline | Decision | Last accepted test dates |
|---|---|---|---|
| Early Decision (binding) | November 1, 2026 | December | October 2026 ACT (passed) or November 2026 SAT |
| Regular Decision | January 5, 2027 | April | December 2026 ACT or SAT |
Penn states that “Our Early Decision program is binding,” so an admitted student is required to enroll (Penn first-year applicants). Penn does not publish an Early Decision admit rate. It does publish that 52% of the Class of 2030 was admitted through Early Decision, about 1,250 of 2,415 enrolled students by our calculation, and that the office reviewed “more than 7,800 applications” in that round (Penn admissions blog, December 18, 2025), down from more than 9,500 for the Class of 2029 (December 19, 2024). In our view, a large Early Decision share means fewer seats remain for Regular Decision, but early pools also include recruited athletes and other special cases, so the share does not show how much Early Decision helps a given applicant. In our experience, Early Decision makes sense for a student who is sure Wharton is the first choice and whose family has run the Penn net price estimate.
What are the Wharton essay prompts for 2026-27?
Penn’s 2026-27 prompts include one question for Wharton applicants: “Discuss a current issue of importance to you and how you hope a Wharton education would help you explore it.” The limit is 50 to 200 words. All applicants also answer two Penn prompts of 50 to 200 words each: “Write a short thank-you note to someone you have not yet thanked and would like to acknowledge.” and “How will you explore community at Penn?” (Penn 2026-27 short answer and essay prompts).
In our experience, the Wharton answer works best when the issue is one the student has already engaged with, through a job, a research project, a family business or a community effort, and when it names the Wharton courses or concentrations that would help. At 200 words, there is room for one issue explored well, not a survey of several.
What degree and concentrations does Wharton offer?
“All students graduate from Wharton with a Bachelor of Science in Economics”, and “each student is required to choose a concentration” (Penn Admissions, the Wharton School). Penn describes the degree as having 20 concentrations (Penn four schools); the Wharton concentrations page says students “can choose from over 19 concentrations, or they can work with a professor to create a unique concentration” and lists 20 entries, from Accounting, Finance and Real Estate to Business Analytics, Artificial Intelligence for Business, and Health Care Management and Policy (Wharton concentrations). Penn also notes that “Students can change their concentration at any time.”
How do the Wharton coordinated dual-degree programs work?
- Huntsman Program. “Students earn a BA from the College of Arts and Sciences in International Studies and a BS in Economics” from Wharton. Applicants choose one of “eleven target languages” (Penn writing prompts), and “Students may only apply through the first-year application.” See our Huntsman Program guide.
- Vagelos LSM. “Students earn a BA from the College of Arts and Sciences in a life science major and a BS in Economics”, applying as first-years or as internal transfers, space permitting. See our Vagelos LSM program guide.
- Jerome Fisher M&T Program. “Students earn a BS in Economics from the Wharton School and either a BSE or BAS from the School of Engineering”, applying as first-years or as internal transfers, space permitting. See our Jerome Fisher M&T program guide.
- Nursing and Health Care Management (NHCM). “Students earn a BS in Nursing from the School of Nursing and a BS in Economics from the Wharton School.”
Program descriptions are from Penn’s specialized degree programs page. Applicants choose a dual-degree program on Question 2 of the Penn Application Supplement (Wharton FAQ), and each program adds its own prompts of up to 400 words (Penn writing prompts). In our view, a dual-degree application should follow from a record that already spans both fields, because the extra prompts ask the student to explain how the two connect.
Where do Wharton graduates go after graduation?
| Wharton Class of 2025 | Figure |
|---|---|
| Graduates | 617 |
| Survey coverage | 72% response rate; knowledge rate up to 84% (517 known outcomes) |
| Full-time employment | 91.7% |
| Continuing education | 4.6% |
| Median base salary | $110,000 (mean $112,684) |
| Median signing bonus | $10,000 |
| Top industries | Financial services 59.5%; consulting 19.9%; technology 7.2% |
| Largest employers (graduates hired) | Goldman Sachs 26; Morgan Stanley 23; McKinsey & Company 22; Boston Consulting Group 19; JPMorgan Chase & Co. 17; Bain & Company 16 |
| Top location | New York, 260 graduates |
In our view, these figures describe where one graduating class went, shaped by the students Wharton admits as much as by the program, and they do not predict what a given student will earn. For how Wharton compares with other programs on the same measures, see our Wharton, Stern, Dyson and Ross comparison.
What does Wharton cost in 2026-27, and does Penn offer merit aid?
| Penn 2026-27, living on campus | Amount |
|---|---|
| Tuition | $65,670 |
| Fees | $8,308 |
| Housing | $13,644 |
| Food | $6,960 |
| Books and supplies | $1,412 |
| Transportation | $1,080 |
| Personal expenses | $2,008 |
| Total budget | $99,082 |
Penn is clear on merit aid: “All Penn financial aid awards are need-based, not merit based.” “For this reason, Penn does not offer merit-based scholarships.” Penn says its grant-based aid meets 100% of demonstrated need without loans, and “If you make up to $200,000 with typical assets, your financial aid package is guaranteed to cover at minimum full tuition” (Penn financial aid). To qualify for the Quaker Commitment thresholds, families must not have liquid assets of more than $50,000 or own real estate other than the primary home, among other limits (Quaker Commitment). In our view, a family above those limits should compare the Penn price with in-state and merit options before choosing Early Decision.
How does Wharton compare with other undergraduate business programs?
Wharton, NYU Stern and Cornell Dyson admit business students as first-years, and Michigan Ross admits first-years through its Direct Admit and Preferred Admit paths; our Wharton vs Dyson vs Stern vs Ross comparison sets out how they differ, and our NYU Stern guide covers Stern. The view of Oriel Admissions is that the Wharton decision should rest on the BS in Economics structure, the dual-degree options and the Penn aid estimate rather than on the headline rate. For the wider field, see our guides to applying to undergraduate business schools and the best colleges for business.
Frequently Asked Questions About Wharton Admissions
No. Penn and Wharton publish no Wharton applicant or admit counts. For the Class of 2029, Penn offered admission to 3,570 of 72,544 applicants, which Penn rounds to 5 percent.
Penn has not published a Class of 2030 admit count. Its profile reports 61,264 applications and 2,415 enrolled students, 52% of them admitted Early Decision.
Yes. Its dean reported 3,575 admits to the trustees in June 2026, according to The Philadelphia Inquirer, which would be about 5.8% of 61,264 applications, by our calculation. Penn requires SAT or ACT scores for the 2026-27 cycle, sets no minimum score and accepts a hardship waiver.
Binding Early Decision was due November 1, 2026, with decisions in December. Regular Decision is due January 5, 2027, with decisions in April.
No. Penn says all of its aid is need-based and that it does not offer merit-based scholarships. Families earning up to $200,000 with typical assets receive an aid package covering at least full tuition.
Yes, through internal transfer after two or three semesters, with a minimum cumulative GPA of 3.40 and required math and economics courses. Wharton calls the process very selective, and meeting the minimum does not guarantee admission.
No. The Wharton FAQ says Wharton staff and faculty do not conduct interviews or meet with prospective applicants.
Oriel Admissions helps students build the math preparation, leadership record and Wharton essay that Penn describes, and helps families weigh Early Decision against the Penn aid estimate.
Sources: Penn Facts, Penn Admissions, Incoming Class Profile, Penn Admissions blog, Class of 2029 Early Decision, December 19, 2024, Penn Admissions blog, Class of 2030 Early Decision, December 18, 2025, Penn Admissions, First-Year Applicants, Penn Admissions, Application Requirements, Penn Admissions, Testing, Penn Admissions, 2026-27 Short Answer and Essay Prompts, Penn Admissions, the Wharton School, Penn Admissions, Four Undergraduate Schools, Penn Admissions, Specialized Degree Programs, Penn Admissions, Financial Aid, Penn SRFS, Quaker Commitment, Penn SRFS, Undergraduate Cost of Attendance, Wharton Undergraduate, Admissions, Wharton Undergraduate, FAQ, Wharton Undergraduate, Internal Transfer to Wharton, Wharton Undergraduate, Concentrations, Wharton Undergraduate Class of 2025 Career Plans Survey Report, Penn Career Services, undergraduate reports by school. All read October 26 and 27, 2026.
About Oriel Admissions
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