Wharton MBA Tuition, Cost & Financial Aid Information

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.

Established in 1992, in honor of former Wharton professor Howard E. Mitchell, WG ’51, this fellowship is awarded to traditionally underrepresented domestic populations, specifically Black/African American, Latino/Hispanic, Native American/American Indian or Alaskan Native, and Native Hawaiian/Asian Pacific Islander to provide financial support to graduate students of color, based on proven leadership, academic excellence, work experience, and/or demonstrated commitment to empowering traditionally underrepresented groups. Each year, a cohort of students receives full tuition, engages in leadership programming, and joins a large network of other Mitchell Fellows and alumni.

Emerging Economy Fellowships are offered to support students from emerging economies throughout the world.

Forte Fellowships are awarded each year to outstanding female students who demonstrate exemplary leadership academically, professionally or creatively, as well as a proven commitment to the empowerment of women in education or the workplace.

The Reaching Out LGBT MBA Fellowship was created as a joint effort between MBA programs and Reaching Out to demonstrate that business schools are the top destination to develop LGBT and active ally business leaders of tomorrow. This is awarded to candidates who self-identify as LGBT and have demonstrated leadership in LBGT related roles either academically, professionally, or in the community.

The Wharton Prism Fellowship will cover full Wharton tuition over the recipient’s time in the Wharton MBA program. This fellowship is awarded to one student who is a member of and demonstrates leadership in support of the LGBTQIA community.

This fellowship is a two-year, full-tuition award to Israeli students who have completed Israeli military service, have attended an Israeli undergraduate institution, and/or been employed by an Israeli company for the previous five years. Recipients will comprise a distinctive cohort of five to six fellows each year.

Social Impact Fellowships are offered to students with demonstrated leadership in the public and/or not-for-profit sectors.

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

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.

2^nd 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.

Academic Fellowships

• 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

Leadership Fellowships

• Behrman Family Fellowships (3) in demonstrated leadership and financial need.
• Recipient selection process maintained within Leadership Program.

Real Estate Fellowships

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.

Whitney M Young Fellowship

Second-year, active member of the AAMBAA community who has demonstrated academic excellence and made outstanding contributions to the achievement of excellence by people of color in the Wharton, University of Pennsylvania and/or greater business communities.

Toigo Fellowships

The Toigo MBA Fellowship provides minority MBA candidates committed to careers in finance with an unmatched network of contacts, a prestigious point of difference in the eyes of employers, one-on-one career guidance, leadership training, a merit award—and more.