GRE Graduate Record Examination
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The Graduate Record Examination (GRE) is a standardized test that is an admissions requirement for most graduate schools in the United States. Created and administered by Educational Testing Service (ETS) in 1949, the exam aims to measure verbal reasoning, quantitative reasoning, analytical writing, and critical thinking skills that have been acquired over a long period of time and that are not related to any specific field of study. The GRE General Test is offered as a computer-based exam administered at Prometric testing centers.
In the graduate school admissions process, the level of emphasis that is placed upon GRE scores varies widely between schools and between departments within schools. The importance of a GRE score can range from being a mere admission formality to an important selection factor.
The GRE was significantly overhauled in August 2011, resulting in an exam that is not adaptive on a question-by-question basis, but rather by section, so that the performance on the first verbal and math sections determine the difficulty of the second sections presented. Overall, the test retained the sections and many of the question types from its predecessor, but the scoring scale was changed to a 130 to 170 scale (from a 200 to 800 scale).
The cost to take the test is US$195, although ETS will reduce the fee under certain circumstances. They also promote financial aid to those GRE applicants who prove economic hardship. ETS does not release scores that are older than 5 years, although graduate program policies on the acceptance of scores older than 5 years will vary.
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Wharton Business School
The Wharton School of the University of Pennsylvania also known as Wharton Business School, The Wharton School or simply Wharton) is the business school of the University of Pennsylvania,
a private Ivy League university in Philadelphia, Pennsylvania. Established in 1881 through a donation from Joseph Wharton, the Wharton School is the world's oldest collegiate school of business.
Furthermore, Wharton is the business school that has produced the highest number of billionaires in the US.
The Wharton School awards Bachelor of Science in Economics degrees at the undergraduate level and Master of Business Administration degrees at the postgraduate level, both of which require the selection of a major.
Wharton also offers a doctoral program and houses, or co-sponsors, several diploma programs either alone or in conjunction with the other schools at the university.
Wharton's MBA program is ranked No. 1 in the United States according to The MBA Guidebook and No. 1 in the United States according to the 2020 U.S. News & World Report ranking.
Meanwhile, Wharton's MBA for Executives and undergraduate programs are also ranked No. 2 and No. 1, respectively, in the United States by the same publications.
According to US News, MBA graduates of Wharton earn an average $159,815 first year base pay not including bonuses, the highest at leading schools.
Wharton's MBA program is tied for the highest in the United States average GMAT score of 732 (97th percentile) for its entering class.
In general, Wharton has over 95,000 alumni in 153 countries, with notable figures such as Donald Trump, Jeremy Rifkin, Elon Musk, Warren Buffett, Sundar Pichai, Nassim Nicholas Taleb,
Aditya Mittal, Steven A. Cohen, Jeff Weiner, Anil Ambani, John Sculley, Walter Annenberg, Leonard Lauder, Laurence Tisch, Michael Moritz, Ruth Porat, Kunal Bahl, Shellye Archambeau,
and William Wrigley Jr. II. Its alumni include a U.S. President and the CEOs of SpaceX, Google, Tesla, Inc., LinkedIn, The Blackstone Group, CBS, General Electric, Boeing,
Pfizer, Comcast, Oracle, DHL, UPS, Pepsi, Time, Inc, BlackRock, Johnson & Johnson, UBS AG, Wrigley Company, and Tesco.
The Wharton MBA program opens doors to greater knowledge and a global, collaborative network. The broad-based core curriculum is complemented by a wide selection of electives. Classes in the core develop essential business knowledge, while electives allow students to delve into areas of personal interest and build a major from one of 17 areas of study. Classroom learning combines with hands-on experiences to foster business leaders with the knowledge, communication prowess, and teamwork skills essential in today's organizations. With the Wharton MBA Resource Guide we encourage you to explore the academic and co-curricular resources available within Wharton, at the other schools at Penn, and through our partnerships domestically and abroad.
In 1881, American entrepreneur and industrialist Joseph Wharton had the most radical idea in the history of business: the establishment of the world's first collegiate school of business at the University of Pennsylvania. And this was only the beginning of the Wharton Schools history of leadership. In addition to writing the first business textbooks and establishing the first research center at a business school, we have produced Nobel Prize winners, founders and leaders of the worlds top companies, ambassadors, heads of state, and a US Supreme Court Justice . Wharton is home to one of the most published and most cited business school faculties in the world . We have created groundbreaking theories and best practices that have driven business and economic growth the world over as well as the people who put that knowledge to work . Today, we serve the global business community as the most comprehensive source of business knowledge in the world . Our unique heritage and deep commitment to three foundational values continue to inspire the institutional mis - sion of the School: to apply unparalleled intellectual resources to prepare business leaders who fuel the growth of industries and economies throughout the world . A continued commitment to innovation: Whartons innovative environment continues to generate the knowledge and ideas that are the building blocks of global business practice . Our faculty includes more than 225 of the worlds leading experts in 10 academic disciplines and count - less subspecialties . The Schools research enterprise is supported by 20 research centers and initiatives . We bring innovation into the classroom with new programs including technology enhanced learning tools and specialized interdisciplinary programs in global business, the life sciences, technology management, retailing, and ethics, among others . Breadth of expertise and global outreach: The expertise of our faculty creates opportunities to gain in depth knowledge in virtually every major challenge facing global business today in programs across the entire spectrum of business education . As part of the University of Pennsylvania, an Ivy League institution, we also share vast resources in business law, ethics, public policy, technology, and the life sciences more than any other business school . As the largest global business school, Wharton reaches the broadest international audience with an ever-expanding range of programs and services . Whartons global reach includes 91,000 alumni, as well as more than 1 . 8 million readers through Knowledge@Wharton . And Wharton operates around the world with two campuses in Philadelphia and San Francisco, and bases in Europe and Asia . Deep engagement with leading businesses and policy makers: Whartons impact in the classroom and the world is fueled by our long-term relationships with leading companies and global policymakers . Every year, we work with more than 1,000 com - panies, including more than two-thirds of the Fortune 500 and leading global firms, as well as government agencies around the world . This engagement in research, academic programming and curricular design enables Wharton to bridge the gap between theory and practice . It makes Wharton a unique environment where new knowledge grows in a real-world, real-time context
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3D Business School rankings
Rank | Business School | 3D Score |
---|---|---|
#1 | Harvard Business School | 98.0 |
#2 | Wharton Business School | 96.9 |
#3 | Yale School of Management | 95.9 |
#4 | Columbia School of Management | 94.6 |
#5 | Skema Business School | 93.8 |
#6 | Sloan School of Management | 92.5 |
#7 | London Business School | 91.8 |
#8 | Stanford School of Business | 90.5 |
#9 | Kellogg School of Management | 89.2 |
#10 | Haas School of Business | 88.5 |
3D MBA programs tuition costs and fees
Rank | School | Total MBA cost | 2-years tuition |
---|---|---|---|
#1 | Columbia | $168,307 | $106,416 |
#2 | Wharton | $168,000 | $108,018 |
#3 | Stanford | $166,812 | $106,236 |
#4 | Chicago Booth | $165,190 | $101,800 |
#5 | Dartmouth Tuck | $162,750 | $101,400 |
#6 | MIT Sloan | $160,378 | $100,706 |
#7 | Harvard Business School | $158,800 | $100,706 |
#8 | Stern | $157,622 | $94,572 |
#9 | Yale School of Management | $151,982 | $99,800 |