All those who submitted an app in Round 1 would have received an email from the admissions team at Wharton. Main highlights:
1. Your status reads Complete - All material received by admissions team and app forwarded to committee for review (My status is Complete)
2. Your status reads Received - They are still processing your application or still waiting for official/hard copies you were to submit (eg: GMAT Score).
3. Over 60% of all applicants submitted their R1 apps within 24 hours of the deadline. Hence, the team may take some time to review your materials
4. Interview invitations will start going out on Oct 23rd and will continue till Nov 9th. You need to complete your interview by Nov 30th
5. Interviews on campus will be held by Second Year students, off campus will be done by adcom members
6. Those who are not invited for an interview by 9th November, will be released from the process
7. Final admit decisions will come by 5 PM Eastern Time on 20th Dec
Also, the email smartly incorporates the element 'assuming you submitted all your material by the deadline' or something to that effect. Means, if your recommender submitted late, you may be in trouble.
Hope the above is helpful. All the best everyone!