Published: March 28, 2017
With $10 Million Alumni Gift, Wharton Enters Deferred-Admission MBA Game
Undergraduates at the University of Pennsylvania will now have a unique opportunity to gain admission to the Wharton School MBA program as seniors in college thanks to a new program funded by a $10 million alumni gift, the Wharton School announced today. Named for Wharton alums and benefactors Ken Moelis and his wife, Julie Taffet Moelis, the new Moelis Advance Access Program is similar to the deferred-admission MBA program at Harvard Business School (HBS), which admits high-potential college students and reserves a place for them in a future MBA class pending successful completion of required work experience.
Ken and Julie Moelis
In addition to giving Penn undergrads a jump start on the highly competitive MBA admissions process, the program will also provide support in the form of financial aid and a strong pre-MBA community for participants. Ultimately, Wharton plans to expand the program to include promising college applicants from other leading undergraduate institutions around the country and the world.
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