New Fund at the Wharton School of the University of Pennsylvania Helps Undergraduates to Guarantee MBA Admission

The $10 million gift will support undergraduates to guarantee their MBA admission, work for a few years, then return to school

The Wharton School of the University of Pennsylvania has received a $10 million gift that will financially support undergraduates to gain deferred admission to the Wharton MBA, making the program more accessible.

The school says the Ken Moelis and Julie Taffet Moelis Advance Access Program, named after the two alumni who made the donation, will allow them to ensure they secure the best candidates for their MBA coming out of the university's various faculty.

Once graduated, students on the program will be encouraged to gain work experience for two-to-four years, then return to graduate school for the MBA program.

The program aims to support high-achieving students whose career ambitions may not fit those traditionally undertaken by those who go on to apply for MBA programs. By supporting them financially, the fund hopes the graduates will able to expand their career prospects and seek out opportunities in a range of fields.

Students in the program will be eligible for $10,000 fellowships during each of the two years spent on the MBA program. They will also be supported with professional development, mentoring opportunities and social events.

There are plans to expand the program beyond graduates from the University of Pennsylvania, to allow applicants from undergraduate programs across the US and internationally as well.


Image: Jon M. Huntsman Hall at the University of Pennsylvania's Wharton School by scumdogsteev CC BY 2.0 (cropped)

Comments


Related Business Schools

Philadelphia, Pennsylvania 58 Followers 162 Discussions

More MBA News

Feb 14, 2020

Access MBA to Hold Events in North America in March

Feb 14, 2020

More MBA News

MBA Articles

How Business Education Will Change in 2020 and Beyond

Feb 27, 2020

As the MBA applications crisis shows no sign of abating, business schools are innovating with technology and focusing on sustainability – to the likely benefit of students, business and society. But will it save the MBA degree?

How to Master an MBA Personal Statement

Feb 12, 2020

Putting in the right amount of effort is critical to securing a business school place

Why MBA Students are Hungry for Courses on Food and Wine

Feb 04, 2020

A growing crop of future business leaders want to put their commercial minds to work developing sustainable production techniques that do not cost the earth

More Articles

Related Top 10 Lists

More Top 10 Lists