Wharton MBA Financial Aid and Tuition
Pursuing your MBA is an investment in yourself and in your future. Wharton is committed to helping you explore financing options so that you make informed decisions. For more information, check out our Value of a Wharton MBA page to learn more about what you gain when you invest in your future with Wharton.
MBA Program Tuition and Cost Breakdown
First-year budget, 2024-2025
Tuition | $84,830 |
University Fees | $4,670 |
Living Expenses | $33,804 |
Health Insurance | $4,412 |
Total | $127,716 |
Second-Year budget, 2024-2025
Tuition | $83,830 |
University Fees | $4,670 |
Living Expenses. | $33,804 |
Health Insurance | $4,412 |
Total | $126,716 |
Lauder Institute MBA/MA Tuition and Cost Breakdown
Learn more about Lauder Institute Tuition and Financial Aid here.
First-year budget, 2024-2025
Lauder Summer Tuition | $13,000 |
Fall Semester Academic Fee | $8,100 |
Spring Semester Academic Fee | $8,100 |
Summer Lauder Living/ Travel Expenses | $11,785 |
Minimum Guaranteed 1st-Year Lauder Fellowship | ($5,000) |
Total Lauder | $35,985 |
Second-Year budget, 2024-2025
Lauder Summer Tuition | - |
Fall Semester Academic Fee | $8,100 |
Spring Semester Academic Fee | $8100 |
Summer Lauder Living/Travel Expenses | - |
Minimum Guaranteed Second Year Lauder Fellowship | ($5,000) |
Total Lauder | $11,200 |
Please note: The Cost of Attendance budget includes average estimates of expenses directly related to a student’s education. We recommend students also budget for extra curricular activities that are not in the financial aid Cost of Attendance budget. These include fees for clubs, costs of attending networking events, student trips, and more.
Wharton Fellowship Program
Wharton provides a broad range of fellowship opportunities for many exceptional students, thanks to the generosity of individuals, corporate and foundation donors, and the Wharton School.
All admitted students are considered for Wharton Fellowship support based on the application for admission. Criteria for fellowship selection includes unique personal qualities and background, academic achievement, exceptional professional development, and community involvement.
- Awards are offered in the Admission and Financial Aid letter.
- Fellowships are two-year awards, split equally over four semesters for a typical MBA student.
- The Wharton Fellowship Committee does not offer reconsideration of fellowship support.
The information below is a select list of special fellowships available at Wharton.
The Chapman Taylor Family MBA Fellowship
The purpose of the Chapman Taylor Family MBA fellowship is to provide financial support to a graduate student or students in the Wharton School with a preference for students who have served as a Peace Corps volunteer.
Emerging Economy Fellowships
Emerging Economy Fellowships are offered to support students from emerging economies throughout the world.
Joseph Wharton Fellowships
Joseph Wharton Fellowships are named in honor of Joseph Wharton, the founder of the Wharton School. These fellowships are awarded to students with outstanding records of academic, personal, and professional achievements.
Social Impact Fellowships
Social Impact Fellowships are offered to students with demonstrated leadership in the public and/or not-for-profit sectors.
Corporate and Foundation Fellowships
The following select list of corporations and foundations are fellowship supporters of named Wharton MBA fellowships:
- Alcoa Inc.
- American Express Philanthropic Program
- Bain & Company, Inc.
- Bank of America Corporation
- Bechtel Foundation
- Citigroup Foundation
- Credit Suisse
- Daimler Chrysler Corporation Fund
- Deutsche Bank
- Exxon Mobil Corporation
- Ford Motor Company Fund
- General Mills, Inc.
- General Motors Foundation
- The Goldman Sachs Group, Inc.
- Merrill Lynch & Co., Inc.
- New America Alliance Institute
- Pension Real Estate Association
- Robert A. Toigo Foundation
- Robert R. Nathan Memorial Foundation
Wharton Fellowships for Current Students
Throughout your time in the MBA Program, additional fellowship options become available to students in multiple areas. These have their own distinct application process, award amounts and criteria.
2nd Year Financial Aid Awards
Established to provide additional financial support to Wharton MBA students in their second year of the MBA Program. The fellowship support will be determined by the Wharton Fellowship Committee based on submitted application and a review of existing loan balances, prior fellowships, and other support received.
- Ford Fellowship – First year, best student
- Academic Excellence Fellowship – Terms 2 and 3, best student
- Inselbag Fellowship – First year (Top 5% eligible)
- McGowan Fellowship – First year (Top 5% eligible)
- Director’s List Fellowship – Each semester (Top 10% eligible)
- Dr. Bruce I. Jacobs Scholars in Quantitative Finance – Second-year, exceptional students in Quantitative Finance Major
Entrepreneurial Awards and Fellowships
- Penn Wharton Innovation Fund
- Summer Venture Award
- Startup Internship Award
- Edward B Shills / Leonard L Zeidman Fellowship
- Behrman Family Fellowships (3) in demonstrated leadership and financial need.
- Recipient selection process maintained within Leadership Program.
Samuel Zell and Robert Lurie Real Estate Center Awards: Committed to excellence in education, the Center awards fellowships and scholarships to promising real estate students.
External Resources
Third Party Sponsorships
An organization (i.e. public or private sector sponsor including military agencies, educational institutions, international embassies, or state prepaid tuition programs) can commit to pay your educational expenses. The University of Pennsylvania will bill outside organizations (sponsors) by preparing a separate invoice listing your tuition, fees, and other charges. Third Party sponsorships count in the determination of student loan amount eligibility. Fellowship funding may also reduce the amount of sponsorship funding a student may receive based on funding restrictions.
External Scholarships
We encourage all students to explore scholarship opportunities made available by companies, clubs, organizations, and/or corporations with whom they may be affiliated.
Military Benefits
Yellow Ribbon Program
The Yellow Ribbon Program (YRB) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. Wharton offers grant funds through the Yellow Ribbon Program for veterans and is committed to funding all students who are 100% eligible under the Post-9/11 GI Bill®. You can find details and eligibility guidelines for the Post-9/11 benefits, including the Yellow Ribbon Program, at www.gibill.va.gov.
If you are on active duty or are a veteran, we will waive your application fee; Please call the financial aid office (215) 898-8728 when you’re ready to submit your application.
Eligible applicants may receive a maximum Yellow Ribbon Award of up to $23,000. The Dept. of Veteran Affairs (VA) will match the award amount that we grant. If you are eligible for the Yellow Ribbon Program, you must indicate Yellow Ribbon eligibility by submitting a VA Certificate of Eligibility (COE) to Student Registration and Financial Services.
Post-9/11 GI Bill® is a registered trademark of the U.S Department of Veteran Affairs (VA). More information about educational benefits offered by the VA is available at the official U.S government website at www.benefits.va.gov/gibill.
Wharton MBA Financial Aid Office
MBA Admissions and Financial Aid
The Wharton School
University of Pennsylvania
Dinan Hall, Suite 111
Philadelphia, PA 19104.6340
Email: financialaid@wharton.upenn.edu
Website: mba.wharton.upenn.edu
Phone: 215-898-8728
Hours of Operation: 9:00AM – 5:00PM EST, Monday through Friday
Penn Student Financial Services Office
Student Financial Services
University of Pennsylvania
005 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104-6270
Email: sfsmail@exchange.upenn.edu
Website: www.srfs.upenn.edu
Phone: 215-898-1988