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Wharton: Calling all applicants - Class of 2016! 02 Mar 2014, 11:54
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existenz2645
Hi,

Had TBD last week. It was collaborative and enjoyable.
But honestly no significant difference among 6 team members from my view...

Does anyone know the case that all team members or 5 out of 6 are accepted or dinged in R1?
I know the final decision depends on the quality of total application package but please tell me if you know the case.
Show more

Yes, when I visited campus several students noted that there are cases when all students get recommended for admission or, on the flip side, none do. As you mentioned, the interview is just one component of the entire application, which is evaluated holistically.
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Wharton: Calling all applicants - Class of 2016! 02 Mar 2014, 23:29
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Desley1
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Guys, how much does Wharton MBA cost for class of 2016? No clear answer for 2016 below and conflicting data. Anyone know?

https://www.wharton.upenn.edu/mba/financ ... ummary.cfm
https://grad-schools.usnews.rankingsandr ... a-rankings
https://www.businessweek.com/bschools/ra ... arton.html

estimated 1st year budget is $99,830. This includes $68,075 in tuition and fees.

Just to confirm this mean in total one should expect ard Usd 200k for the full MBA program right? Thanks in advance

Sent from my GT-I9505 using Tapatalk
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You should expect to spend well over $200k. The Wharton budget is a joke and everything on campus is VERY expensive. For instance, we just had Follies which is the annual talent show and they charge students upwards of $80 per ticket. Every conference, club or event that you attend will cost somewhere between $30 - $150 and if you don't spend the money, you will miss out on the Wharton experience. The only value that Wharton offers is cheaper housing (relative to NYC / Boston / SF), otherwise, stuff here is pretty expensive.
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Wharton: Calling all applicants - Class of 2016! 02 Mar 2014, 23:46
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Desley1
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estimated 1st year budget is $99,830. This includes $68,075 in tuition and fees.

Just to confirm this mean in total one should expect ard Usd 200k for the full MBA program right? Thanks in advance

Sent from my GT-I9505 using Tapatalk

You should expect to spend well over $200k. The Wharton budget is a joke and everything on campus is VERY expensive. For instance, we just had Follies which is the annual talent show and they charge students upwards of $80 per ticket. Every conference, club or event that you attend will cost somewhere between $30 - $150 and if you don't spend the money, you will miss out on the Wharton experience. The only value that Wharton offers is cheaper housing (relative to NYC / Boston / SF), otherwise, stuff here is pretty expensive.
Show more

What do u mean well over 200k? We can take loan upto 80%(international), thats 160k. Plus I am budgeting 15k saved from my internship and 40k out of my pocket. Isnt that enough? If I live in a 1000$ or so apartment(incl utilities, shared 3bhk normally costs 2.5k + utilities) and budget 1000 additional per month, that brings me to 140k tuition plus 40k living(all this is on my highest side), plus 10k if I bring my wife in the second year. I thought 200k should be enough by this estimate.
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 01:01
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jcswinterpark


You should expect to spend well over $200k. The Wharton budget is a joke and everything on campus is VERY expensive. For instance, we just had Follies which is the annual talent show and they charge students upwards of $80 per ticket. Every conference, club or event that you attend will cost somewhere between $30 - $150 and if you don't spend the money, you will miss out on the Wharton experience. The only value that Wharton offers is cheaper housing (relative to NYC / Boston / SF), otherwise, stuff here is pretty expensive.
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Hey. Thanks for the reply. Are you currently studying there? If you don't mind can you let me know how much you ended up spending per year? (total, including events etc)? Thanks much.
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 01:05
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sayak57


What do u mean well over 200k? We can take loan upto 80%(international), thats 160k. Plus I am budgeting 15k saved from my internship and 40k out of my pocket. Isnt that enough? If I live in a 1000$ or so apartment(incl utilities, shared 3bhk normally costs 2.5k + utilities) and budget 1000 additional per month, that brings me to 140k tuition plus 40k living(all this is on my highest side), plus 10k if I bring my wife in the second year. I thought 200k should be enough by this estimate.
Show more

If i remember correctly, the 80% loan is only for tuition fees (i.e. 80% of 140k assuming no change in the coming years), so only around 100k. Not sure if there is any other requirements. Probably someone who is already in the program can give a better estimate.
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 01:50
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Desley1
sayak57


What do u mean well over 200k? We can take loan upto 80%(international), thats 160k. Plus I am budgeting 15k saved from my internship and 40k out of my pocket. Isnt that enough? If I live in a 1000$ or so apartment(incl utilities, shared 3bhk normally costs 2.5k + utilities) and budget 1000 additional per month, that brings me to 140k tuition plus 40k living(all this is on my highest side), plus 10k if I bring my wife in the second year. I thought 200k should be enough by this estimate.

If i remember correctly, the 80% loan is only for tuition fees (i.e. 80% of 140k assuming no change in the coming years), so only around 100k. Not sure if there is any other requirements. Probably someone who is already in the program can give a better estimate.
Show more
No, 80% of cost of attendance. Otherwise I wouldnt have effin' applied.
"International students who plan to borrow through the International Loan Program with Quorum Federal Credit Union may only borrow up to 80% of the MBA Student Budget for the first and second years of the program."
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 07:43
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Was anyone asked the following question during the one on one interview? Are there any R1 candidates who got accepted and remember this question from TBD. (Im in the over analyzing, the longer it has been the worst the interview was, mode).

" Has there been any changes in your profile/resume since you applied ?".
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 07:58
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nb2987
Was anyone asked the following question during the one on one interview? Are there any R1 candidates who got accepted and remember this question from TBD. (Im in the over analyzing, the longer it has been the worst the interview was, mode).

" Has there been any changes in your profile/resume since you applied ?".
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Yes they asked many of us that question during R1. My awkward response of "no there have been no changes" was enough.

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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 08:24
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MBAUnderDOG
nb2987
Was anyone asked the following question during the one on one interview? Are there any R1 candidates who got accepted and remember this question from TBD. (Im in the over analyzing, the longer it has been the worst the interview was, mode).

" Has there been any changes in your profile/resume since you applied ?".

Yes they asked many of us that question during R1. My awkward response of "no there have been no changes" was enough.

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Thanks MBAUnderDOG!
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 08:48
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You should expect to spend well over $200k. The Wharton budget is a joke and everything on campus is VERY expensive. For instance, we just had Follies which is the annual talent show and they charge students upwards of $80 per ticket. Every conference, club or event that you attend will cost somewhere between $30 - $150 and if you don't spend the money, you will miss out on the Wharton experience. The only value that Wharton offers is cheaper housing (relative to NYC / Boston / SF), otherwise, stuff here is pretty expensive.[/quote]



Well if it makes folks feel any better my wife and I are still paying off our UG loans from Penn. When all is said and done this fine institution will have collected half a mil in fees from my budding family.
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 08:58
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ScottHG
Hi guys,

Did any1 hear about the results of the background check? (I am an admitted cand.)
Show more
\

I had a good deal of back and forth with Re Vera about mine and they said it was done on their end. But no, I still have't heard anything back about whether the background check is complete and has been accepted by Wharton. Starting to give me a little bit of anxiety...just want it all to be settled. Anyone else in the same situation?
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Wharton: Calling all applicants - Class of 2016! 03 Mar 2014, 20:51
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ScottHG
Hi guys,

Did any1 hear about the results of the background check? (I am an admitted cand.)
\

I had a good deal of back and forth with Re Vera about mine and they said it was done on their end. But no, I still have't heard anything back about whether the background check is complete and has been accepted by Wharton. Starting to give me a little bit of anxiety...just want it all to be settled. Anyone else in the same situation?
Show more


How long did the entire process take for you? and did you contact them to ask if the verification is done or they notified you?
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Wharton: Calling all applicants - Class of 2016! 04 Mar 2014, 08:09
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vaderschooler
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ScottHG
Hi guys,

Did any1 hear about the results of the background check? (I am an admitted cand.)
\

How long did the entire process take for you? and did you contact them to ask if the verification is done or they notified you?
Show more

The entire process took about a week. They (Re Vera) asked for a bunch of additional documents from me and had a few questions about my current position. When they were done, they told me that everything was complete on their end and that they did not need any more information from me. That was about 2-3 weeks ago though and i still haven't heard anything from Wharton.
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Wharton: Calling all applicants - Class of 2016! 04 Mar 2014, 09:32
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[/quote]

The entire process took about a week. They (Re Vera) asked for a bunch of additional documents from me and had a few questions about my current position. When they were done, they told me that everything was complete on their end and that they did not need any more information from me. That was about 2-3 weeks ago though and i still haven't heard anything from Wharton.[/quote][/quote]


Can you provide some color on what additional docs they require? Thanks. My former employer is super slow,e sp around tax season, and it might make sense to ask for these docs now.
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Wharton: Calling all applicants - Class of 2016! 04 Mar 2014, 19:17
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chromium73
You should expect to spend well over $200k. The Wharton budget is a joke and everything on campus is VERY expensive. For instance, we just had Follies which is the annual talent show and they charge students upwards of $80 per ticket. Every conference, club or event that you attend will cost somewhere between $30 - $150 and if you don't spend the money, you will miss out on the Wharton experience. The only value that Wharton offers is cheaper housing (relative to NYC / Boston / SF), otherwise, stuff here is pretty expensive.
Show more



Well if it makes folks feel any better my wife and I are still paying off our UG loans from Penn. When all is said and done this fine institution will have collected half a mil in fees from my budding family.[/quote]

Thanks for sharing. Always better to hear from someone who has experienced it. And since you are at Wharton again i guess it is well- worth the price :)
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Wharton: Calling all applicants - Class of 2016! 05 Mar 2014, 08:59
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Guangjujiu
existenz2645
Hi,

Had TBD last week. It was collaborative and enjoyable.
But honestly no significant difference among 6 team members from my view...

Does anyone know the case that all team members or 5 out of 6 are accepted or dinged in R1?
I know the final decision depends on the quality of total application package but please tell me if you know the case.

Yes, when I visited campus several students noted that there are cases when all students get recommended for admission or, on the flip side, none do. As you mentioned, the interview is just one component of the entire application, which is evaluated holistically.
Show more

I'm a Wharton first year - from my group of six, five were accepted and four of us are here. There are also cases where only one person (or none!) got in!
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Wharton: Calling all applicants - Class of 2016! 05 Mar 2014, 09:12
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sayak57
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What do u mean well over 200k? We can take loan upto 80%(international), thats 160k. Plus I am budgeting 15k saved from my internship and 40k out of my pocket. Isnt that enough? If I live in a 1000$ or so apartment(incl utilities, shared 3bhk normally costs 2.5k + utilities) and budget 1000 additional per month, that brings me to 140k tuition plus 40k living(all this is on my highest side), plus 10k if I bring my wife in the second year. I thought 200k should be enough by this estimate.

If i remember correctly, the 80% loan is only for tuition fees (i.e. 80% of 140k assuming no change in the coming years), so only around 100k. Not sure if there is any other requirements. Probably someone who is already in the program can give a better estimate.
No, 80% of cost of attendance. Otherwise I wouldnt have effin' applied.
"International students who plan to borrow through the International Loan Program with Quorum Federal Credit Union may only borrow up to 80% of the MBA Student Budget for the first and second years of the program."
Show more

Expect to spend more money than you ever dreamed possible! That said, there are ways to live more cheaply. You can forego many of the trips (I'm taking a trip almost every break and hitting South America (x3), Europe, and Africa in the course of one year ain't cheap!), also forego the events (each one is around $50), and pack your food from home. Honestly though, that's a terrible idea! The whole MBA experience is what you're here for - these trips, dinners, and events are where you form the bonds that become lifelong connections. Make sure you're not worried about saving an extra $50 because what you're sacrificing is much, much more valuable. Plus, with a Wharton MBA, $50 is what you should be making in about an hour once you graduate. (In consulting or banking, it's about what you make in 30 minutes).

Save every dollar you earn until you come to school, then lever up and live it up. It's only two years and this experience is Worth. Every. Penny.

Also, here's some inspiration for those of you who are unconvinced:

https://www.youtube.com/watch?v=YTbK8vPGsf4
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Wharton: Calling all applicants - Class of 2016! 05 Mar 2014, 15:00
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FROM Wharton Admissions Blog: Looking Ahead
Happy March! As Round 2 interviews wrap up in the coming days, we wanted to provide a quick update in advance of the decision release date and the Round 3 application deadline at the end of the month.

Over the past couple of weeks, the Admissions team has thoroughly enjoyed getting to know many of you through the Team Based Discussion. We have traveled to a number of major cities around the globe, witnessing firsthand the high caliber of talent and collaboration possessed by this group of applicants.  From halfway around the world in Mumbai, to across the pond in London, to right here, in snowy Philadelphia, we continue to be impressed and amazed by the candidates that we have met along the way.

As we prepare to release Round 2 decisions on March 25th, our Round 3 candidates should prepare to complete their applications in time for the March 27th deadline.  For further insight on the application process, please continue to check out our webinar recordings on our website or reach out to our office directly at mba-admiss@wharton.upenn.edu.

We hope that everyone is staying warm, wherever you may be, and thinking happy thoughts of Spring!

-The Wharton MBA Admissions Team

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This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB
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Wharton: Calling all applicants - Class of 2016! 05 Mar 2014, 18:00
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panama5565
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[quote="sayak57"]

What do u mean well over 200k? We can take loan upto 80%(international), thats 160k. Plus I am budgeting 15k saved from my internship and 40k out of my pocket. Isnt that enough? If I live in a 1000$ or so apartment(incl utilities, shared 3bhk normally costs 2.5k + utilities) and budget 1000 additional per month, that brings me to 140k tuition plus 40k living(all this is on my highest side), plus 10k if I bring my wife in the second year. I thought 200k should be enough by this estimate.

If i remember correctly, the 80% loan is only for tuition fees (i.e. 80% of 140k assuming no change in the coming years), so only around 100k. Not sure if there is any other requirements. Probably someone who is already in the program can give a better estimate.
No, 80% of cost of attendance. Otherwise I wouldnt have effin' applied.
"International students who plan to borrow through the International Loan Program with Quorum Federal Credit Union may only borrow up to 80% of the MBA Student Budget for the first and second years of the program."

Expect to spend more money than you ever dreamed possible! That said, there are ways to live more cheaply. You can forego many of the trips (I'm taking a trip almost every break and hitting South America (x3), Europe, and Africa in the course of one year ain't cheap!), also forego the events (each one is around $50), and pack your food from home. Honestly though, that's a terrible idea! The whole MBA experience is what you're here for - these trips, dinners, and events are where you form the bonds that become lifelong connections. Make sure you're not worried about saving an extra $50 because what you're sacrificing is much, much more valuable. Plus, with a Wharton MBA, $50 is what you should be making in about an hour once you graduate. (In consulting or banking, it's about what you make in 30 minutes).

Save every dollar you earn until you come to school, then lever up and live it up. It's only two years and this experience is Worth. Every. Penny.

Also, here's some inspiration for those of you who are unconvinced:

https://www.youtube.com/watch?v=YTbK8vPGsf4[/quote]
See, for the normal global trips, you can add them to your student budget and borrow. Thats not a problem. I m only concerned about the remaining 20% that I have to bear (yes, people in India make very less). I do not want to forego on the experience, the trips, the events, etc. I will however, save as much as possible in living, food, housing, etc. Thanks for the info.

Sent from my One X using Tapatalk
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Wharton: Calling all applicants - Class of 2016! 06 Mar 2014, 23:54
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Guys, an awesome new feature on gmatclub, share your mba experience. Share your journey with fellow and potential applicants so they can learn from your experience (https://gmatclub.com/forum/share-your-application-experience-332/)
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