University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn or UPenn) is a private, Ivy League, research university located in Philadelphia. Incorporated as The Trustees of the University of Pennsylvania, Penn is one of 14 founding members of the Association of American Universities and one of the nine original Colonial Colleges. Penn is one of several universities that claims to be the first university in the United States of America.

Benjamin Franklin, Penn's founder, advocated an educational program that focused as much on practical education for commerce and public service as on the classics and theology although Franklin's curriculum was never adopted. The university coat of arms features a dolphin on the red chief, adopted directly from the Franklin family's own coat of arms. Penn was one of the first academic institutions to follow a multidisciplinary model pioneered by several European universities, concentrating multiple "faculties" (e.g., theology, classics, medicine) into one institution. It was also home to many other educational innovations. The first school of medicine in North America (Perelman School of Medicine, 1765), the first collegiate business school (Wharton School of Business, 1881) and the first "student union" building and organization (Houston Hall, 1896) were all born at Penn.

Pennsylvania

Pennsylvania ⁱ/ˌpɛnsᵻlˈveɪnjə/ (Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state located in the northern and Mid-Atlantic regions of the United States. The Appalachian Mountains run through its middle. The state borders Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Erie and the Canadian province of Ontario to the northwest, New York to the north, and New Jersey to the east.

Pennsylvania is the 33rd largest, the 6th most populous, and the 9th most densely populated of the 50 United States. The state's five most populous cities are Philadelphia (1,560,297), Pittsburgh (305,801), Allentown (118,577), Erie (100,671), and Reading (89,893). The state capital is Harrisburg. Pennsylvania has 51 miles (82 km) of coastline along Lake Erie and 57 miles (92 km) of shoreline along the Delaware Estuary.

The state is one of the 13 original founding states of the United States; it was originally founded in 1681 as a result of a royal land grant to William Penn, the son of the state's namesake. It was the second state to ratify the United States Constitution, on December 12, 1787. Independence Hall, where the United States Declaration of Independence and United States Constitution were drafted, is located in the state's largest city of Philadelphia. During the American Civil War, the Battle of Gettysburg was fought in the south central region of the state.

Wharton School of the University of Pennsylvania

The Wharton School of the University of Pennsylvania (also known as the Wharton School, the Wharton School of Business, or simply Wharton) is the business school of the University of Pennsylvania, a private Ivy League university located in Philadelphia. Wharton was established in 1881 through a donation from Joseph Wharton. It is the first business school in the United States.

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 PhD program and houses or co-sponsors several diploma programs either alone or in conjunction with the other schools at the university.

History

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 the 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 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".

Wharton

Wharton may refer to:

Academic institutions

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People

Politicians and diplomats

Master of Business Administration

The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration (management). The MBA degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.

The MBA is a terminal degree and a professional degree.Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive, and distance learning students, many with specialized concentrations.

History

The first graduate school of business in the United States was the Tuck School of Business at Dartmouth College. Founded in 1900, it conferred the first advanced degree in business, specifically, a Master of Science in Commerce, the predecessor to the MBA.