Wharton Undergraduate Catalog 2005-2006 - The Wharton School ...

DynamicMake an impact on society — withthe best undergraduate business educationin the world. At Wharton,you combine business with arts andsciences to gain a comprehensiveunderstanding of the social, cultural,and economic environment in whichwe live.LimitlessWharton and Penn give you endlessopportunities: the broadesteducation of any undergraduatebusiness school, plus the diverseintellectual offerings and resourcesof an Ivy League university.EmpoweringYou gain a strong foundation inbusiness to succeed in any career,along with the freedom to choosespecialized classes to expand andexplore your interests.

usiness and more 3..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................“When I came to Wharton I knew I wanted to get a ..............................................BA in history in..............................................addition to my other studies. It’s been great to have the ..............................................opportunity to.......................take classes outside of Wharton. I’m fascinated by the .....................................................................way the disciplinesconnect, how business applies to economics and .....................................................................how economics.......................applies to history. You meet so many people and the.....................................................................students here are.......................amazing. Not only do they come up with amazing ideas ..............................................— they alsoimplement and execute them.”Danielle Qi, W’06, C’06Austin, TXMarketing and Finance concentrations; Dual degree with the College of Arts & Sciences: History major

4 wharton undergraduateLearningEnvironmentEVERYONE AT WHARTON CHALLENGESYOU TO BE YOUR BEST — from the 250+ worldclassfaculty to the students, who have diverse backgroundsand come from more than 40 countries aroundthe world. Our classes and community blend intellectualrigor with collaboration, motivating you to explore yourown goals and strengths both inside and outside of theclassroom. We focus on learning through hands-on experiencesand high-tech tools, such as SABRE, a simulationused in Marketing 101 to help teams make strategicdecisions about product design and distribution.Our advisors and support services help you make the most ofthe vast resources of Wharton and Penn, including adjustingto campus and city life, choosing classes, finding internshipsand jobs, and accomplishing your academic goals.www.wharton.upenn.edu/undergrad

usiness and more 5“You meet outstanding students here from every walk of life— it’s amazing to interact with people of that caliber on aday-to-day basis. The faculty really tries to connect withstudents and make the experience much more personal. I’vehad the chance to have lunch with some of my professorsand I got to ask them about their research. When I firstarrived, I was amazed by the facilities and technology availableto students. I was also pleasantly surprised at howinteractive and practically oriented the classes were. Afterone year, I feel as though I’ve gained a new perspective bybeing here.”Jack Abraham, W’08Great Falls, VAMarketing and Operations & Information Managementconcentrations; History minor

6 wharton undergraduate“I had many different academic interests and,with the flexibility of the curriculum, I wasable to get a sampling across disciplines andsubjects. I decided on a dual concentration inManagement and Legal Studies & BusinessEthics. The application of management seemsinfinite, and legal studies offered another wayof looking at things. Both are group-orientedconcentrations and I think they’ve given methe social skills necessary for succeeding inbusiness. Wharton is very good at combiningacademics with real world experience. In fouryears, I’ve put together a skill set that allowsme to go anywhere and contribute.”Matthew Horn, W’05Los Angeles, CAManagement and Legal Studies & Business Ethics concentrations;Penn Baseball Team...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................LEARNING TECHNOLOGIES• 366 computer lab stations• 57 group study rooms with SMART Boards and computers• Pioneering learning lab simulations• webCafé — Wharton’s virtual classroom• SPIKE — Wharton’s student portal• High-tech classrooms• Totally wireless environment• Extensive videoconferencing facilitieswww.wharton.upenn.edu/undergrad

usiness and more 7................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................CurriculumNO OTHER UNDERGRADUATE BUSINESS SCHOOL can match Wharton’sintellectual rigor and wide range of business courses and programs. Wharton’s core curriculumprovides you with the foundation of skills and knowledge for today’s businesschallenges, plus the hands-on applications to learn what works in practice. You will leaveWharton with the intellectual framework to analyze problems and make decisions inany environment.Our world-renowned faculty are at the forefront of today’s business, with industry-leadingresearch and scholarship. You acquire the skills for leadership, with the flexibility todiscover and follow your own interests by taking classes in any subjects you choose.

8 wharton undergraduateThe WhartonUndergraduate Program:Business and Arts & SciencesTHE BREADTH AND DEPTH of Wharton’s curriculumgive you a strong foundation in core business concepts, togetherwith an Ivy League arts and sciences education. Our 37 courseunit curriculum leads to a Bachelor of Science in Economicsdegree with a concentration in one or more areas of business.With over 40% of the degree requirements taken outside ofWharton, students have the flexibility to add minors or additionaldegrees from other schools at Penn.ARTS & SCIENCES EDUCATION1 Introduction to Economics1 Intermediate Economics1 Calculus1 Writing Seminar7 Social Sciences, Humanities, Science & Technology5 Electives3 Global EnvironmentForeign Language Competency Requirementwww.wharton.upenn.edu/undergrad

10 wharton undergraduateUnlimitedOptionsEXPLORE YOUR INTERESTS: At Wharton,you can take courses in any subject at Penn’s otherschools. Whether your interests are broad or welldefined,there is a program here to help you makethe most of your college experience.Penn and Wharton also give you the opportunityto pursue an additional undergraduate degree outsideof one of our specialized programs. Exploreother classes, departments, and schools and if youdiscover a passion for another subject, you canapply to receive an additional degree from one ofthe other three undergraduate schools.www.wharton.upenn.edu/undergrad

usiness and more 11INTERDISCIPLINARY PROGRAMSTHE HUNTSMAN PROGRAMIN INTERNATIONAL STUDIES& BUSINESS• Earn a B.S.Econ. from Wharton.• Earn a B.A. with a major in InternationalStudies from the College ofArts and Sciences.• Acquire the intercultural competencyto lead in a changing global economy.• www.upenn.edu/huntsman/THE JEROME FISHER PROGRAM INMANAGEMENT & TECHNOLOGY• Earn a B.S.Econ. from Wharton.• Earn a B.A.S. or B.S.E. from the Schoolof Engineering and Applied Science.• Learn how to lead and innovate in ahigh-tech environment.• www.mandt.wharton.upenn.edu/NURSING AND HEALTH CAREMANAGEMENT• Earn a B.S.Econ. from Wharton.• Earn a B.S.N. from the School ofNursing.• Prepare for clinical practice, managementin health care organizations, orhealth care policy and research.• www.nursing.upenn.edu/admissions/undergrad/options/joint-dual.aspTHE ROY AND DIANA VAGELOSLIFE SCIENCES AND MANAGEMENTPROGRAM• Earn a B.S. Econ from Wharton and ascience minor from the College of Arts& Sciences or earn a B.A. in a sciencemajor from the College of Arts &Sciences and a Wharton concentration.• Prepare to pursue careers in such rapidlyexpanding fields as pharmaceuticalsand biotechnology through the uniquefusion of science and managementeducation.MINORSWharton students can explore theirunique interests by pursuing a minor outsideof Wharton or an interdisciplinaryminor that spans more than one schoolwithin the university. Choose from morethan 60 programs, including AmericanPublic Policy, Cinema Studies, ConsumerPsychology, International Relations,Mathematics and Actuarial Science, orUrban Real Estate and Development.STUDY ABROADBetween 20 and 25 percent of Whartonstudents study abroad. Penn offers morethan 100 locations where you can take artsand sciences courses abroad, and Whartonhas developed 18 programs with leadinginternational business schools that allowstudents to pursue business studies overseas.Both Penn and Wharton continuallyexpand their programs to include newsites, offering more opportunities for youto explore your interests.ADVANCED GRADUATE STUDYSelect Wharton students can pursue anMA, MBA, JD, or PhD at Penn whilecompleting their undergraduate degrees.Students apply during their junior yearand begin their graduate studies duringtheir senior year.RESEARCH ANDSCHOLARS PROGRAMSThe Joseph Wharton Scholars, BenjaminFranklin Scholars, Wharton ResearchScholars and University General Honorsprograms select students to participate inscholarly research and small seminars inbusiness and arts & sciences.

12 wharton undergraduate“Frequently the biggest ‘ahas!’ inlearning come when students workthrough and solve business problemsthemselves. Wharton coursesrely on lectures, case discussions,and business simulations to get keyconcepts across — a great deal ofthe learning process is experiencedthrough hands-on applications.”Barbara KahnVice Dean and Directorof the Undergraduate Division;Professor of Marketing“Doing research with professors is one of thegreatest opportunities available at Wharton.Professor Kahn is building a new course aboutbranding, and I am helping to research andwrite the casebook. My specific topic is theeconomic value of brands. I’m conductinginterviews with marketing and financialmanagers, and using academic research andpublications from consulting firms to comparemethods for calculating brand value acrossindustries. I’ve learned so much from ProfessorKahn about branding, and it is so intriguing tolisten to her talk about the topic in a one-ononesetting. By doing research and interactingwith firms, I’m not only learning about realworld applications — I’m applying academicconcepts to the real world.Steve Gibson, W’07Drexel Hill, PAFinance and Marketing concentrationswww.wharton.upenn.edu/undergrad

usiness and more 13Jeremy SiegelFinanceKen ShropshireLegal Studies & Business EthicsG. Richard ShellLegal Studies & Business EthicsLori RosenkopfManagementFacultyTHE WORLD’S MOST PUBLISHED BUSINESS FACULTY, Wharton professorsconnect you with new ideas as they’re being created. Wharton faculty are top researchersin their fields, creating knowledge that transforms business practice around theworld. They use a variety of teaching methods and hands-on, practical experiences tochallenge you and prepare you to excel in any career. Outside the classroom, professorsare accessible and engaged with students, whether during weekly office hours, at afaculty-student lunch, as concentration advisors, or as case competition judges. Throughboth formal and informal mentoring, Wharton faculty help you make the most of youreducational experience.learn more about our faculty and their research at:http://knowledge.wharton.upenn.edu/

14 wharton undergraduateTeam WorkAT WHARTON YOU LEARN leadership and teamwork skills in practice, especiallyin the heart of your freshman experience: Management 100 — Leadership andCommunication in Groups. In this innovative and interactive course, you work in a teamof 10 students to plan and execute a community service project. You build friendships andcommunity while learning key leadership concepts, experiencing what it means to workin a team, and discovering who you are as a leader.RECENT PROJECTS INCLUDE:• a benefit concert for a Paraguayan village• a documentary on the lives of homeless families in Philadelphia• an art exhibit to commemorate World AIDS Day• a charity to repair houses in West Philadelphia• workshops to help refugees and other new Americans develop skills to enter the workforce“I thought students at an Ivy League school would be extremely competitive butManagement 100 changed my perception. I knew it would be challenging and rigorousacademically, but I have been surprised by the sense of community here, and the feelingthat there are always people looking out for you. My teammates and I became very closefriends and we worked together in and outside the classroom. The class encourages leadershipby allowing you to think for yourself. I think that’s why our project turned out aswell as it did. Knowing we pulled it together after countless hours of work was a greatfeeling.”Shateesha Huggins, W’08Cleveland, OHConsidering Marketing, Finance, or Health Care Management & Policy concentrationswww.wharton.upenn.edu/undergrad

usiness and more 15“Working with 10 other people in Management 100 prepares us for the working world.Everyone does things their own way and you have to learn as you go. Our AmericanCancer Society fundraiser was something I’ll always remember about my Wharton experience.The fact that we’d just come in as freshmen and accomplished the project likeprofessionals was very satisfying. Knowing that I’m learning pertinent information thatI will actually use for the rest of my career is valuable to me, and talking to friends atother undergraduate business schools I’ve come to see that I’m lucky to be at Wharton.”Tiffany Yeh, W’08Austin, TXFinance and Operations & Informations Management concentrations“Management 100 is an innovative program that sets the tone for Wharton and helpsstudents flourish in their new environment. Being a Team Advisor for Management 100has been one of my most rewarding experiences at Wharton. I can’t say enough abouthow amazing it is to watch a group of students from all over the world come together andbuild confidence in each other while achieving something great for the community.Management 100 helps students shine. It's an experience that you can't get anywhere else.Christopher Doubrava, W’07Charlotte, NCFinance and Management concentrations

16 wharton undergraduate“Once you’re here, you can do anything youwant to do — everything is open to you.There are so many ways to get involved.I love the diversity on campus and thateveryone is represented here. I’m thepresident of the Black Wharton UndergraduateAssociation. Last year, I helpedorganize an undergraduate career andinternship fair with Derek Ferguson,W’85, the CFO of Bad Boy Entertainment,as our keynote speaker. I alsobelong to Alpha Kappa Psi, the businessfraternity. In Philly, I love trying newrestaurants and exploring the music scene,which is something you don’t find in otherparts of the country. I enjoy the fact thatwe are in the city but we also have a campusto call our own.”Cameron Smalls, W’07Monument, COFinance and Entrepreneurship concentrationsStudent LifeAT WHARTON, THE CLASSROOM IS JUST ONE PLACE WHERE YOUGROW and change as a person. From clubs and conferences to sports and the arts, thereare new opportunities every day to stretch and develop your interests. The wide range ofexperiences challenges you, broadens your perspectives, and prepares you for whateverpaths you pursue in the future.The opportunities at Wharton are matched by the diversity of students and their interests.Prepare to join a community of leaders who range from President of the WhartonInvestment Club to Vice Chair of Penn’s Student Committee on UndergraduateEducation. You build your own community across Wharton and Penn, creating lifelongfriendships as you explore your goals and interests.www.wharton.upenn.edu/undergrad

usiness and more 17The Wharton Undergraduate Student43 countries represented29% pursuing more than one degree20% study abroad10–15% pursuing a minor500 entering freshman4,200 applications39% female (penn: 50%)240 wharton athletes16% international2,400 undergraduates (penn: 10,000)CURRENT COMMUNITY PROFILEENTERING CLASS PROFILESAMPLE WHARTON CLUBSAlpha Kappa PsiBlack Wharton Undergraduate AssociationDelta Sigma PiPhi Gamma NuThe Wharton AllianceWharton AmbassadorsWharton Asian Business ExchangeWharton CouncilWharton Dean’s Advisory BoardWharton Latino Undergraduate AssociationWharton Undergraduate AlumniRelations CouncilWharton Women

18 wharton undergraduate...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................“I still don’t have a set idea about my career, and I want to leave my options as open aspossible. What I love about Wharton is that the school opens up so many doors for you:I could pursue graduate research or go to work on Wall Street or start out at an insurancefirm. Each class or extracurricular group leads you into a potential career, and it’sexciting not to know where you will end up. I had an internship last summer on the tradingfloor of Citigroup, and I was at the center of everything. I knew enough going in thatI could talk to my bosses and contribute positively. With the core curriculum, you cango into practically any industry and make an impact.”Christopher Hogg, W’06Doha, QatarInsurance and Risk Management concentration; Mathematics and Systems Engineering minorswww.wharton.upenn.edu/undergrad

usiness and more 19OpportunityWHARTON PREPARES YOU TO MAKE AN IMPACT IN ANY CAREER.Whatever you do next, you have the business skills to analyze problems, create solutions,and make strategic decisions, along with the skills and knowledge of a well-roundedarts and sciences education. At Wharton, business doesn’t limit your options — itexpands your opportunities.What recent Wharton alumni from the classesof 2000 – 2004 are doing:• Business Analyst, McKinsey &Company• Law student, Harvard University• Doctoral student in Economics,Stanford University• Brand Manager, Starbucks CoffeeCompany• Financial Analyst, Morgan Stanley• Marketing Strategy Consultant,Monitor Group• Financial Analyst, Colgate-Palmolive• Analyst, Goldman Sachs• Mortgage Banker, Deutsche Bank• Senior Associate Consultant,Bain & Co• Associate, Credit Suisse First Boston• Audit Manager, Ernst & Young• Doctoral student in OrganizationalPsychology, Leiden University,Netherlands• President and CEO, ForeignAIDRatings LLC• Medical student, Johns HopkinsUniversity• Creative Services Assistant, MTV• Financial Analyst, Citigroup• Product Manager, Bad BoyEntertainment• Manager, Marketing Integration andPromotions, National Football League• Foreign Service Officer, U.S.Department of State• Assistant Professor, SingaporeManagement University• Director, InfoSpace, Inc.• Senior Marketing Specialist, Microsoft• Vice President, Merrill Lynch• Co-screenwriter, Harold and KumarGo to White Castle• Senior Tax Associate, Deloitte& Touche• Direct Marketing Manager,Tiffany & Co.

20 wharton undergraduateNORTH AMERICA: 72,730The Wharton Global Presence80,000+ ALUMNI82 Alumni Clubs18 Wharton Study Abroad Locations100+ Penn Study Abroad LocationsTo learn more about study abroadopportunities, visit the Office of InternationalPrograms at www.upenn.edu/oip.CoventryLeuvenJouy-en-JosasMadridCopenhagenRotterdamFrankfurtLyonMilanEUROPE: 3,271AFRICA AND MIDDLE EAST: 489CARIBBEAN AND LATIN AMERICA: 1,189Buenos AiresASIA: 3,353SeoulShanghaiHong KongSingaporeASIA PACIFIC: 218TokyoSydneyMelbourne

usiness and more 21Global PresenceWHARTON OFFERS YOU A TRULY GLOBAL EXPERIENCE, both whileyou’re at school and after you graduate — a wide range of international programs andstudy abroad locations, a globally diverse student body, and a network of alumni clubsaround the world.“The main reason I choseWharton was the curriculum,because it combined liberal artsand business. I wanted an atmospherewith well-rounded peopleand courses with a global perspective.I knew that at Wharton Iwould also be exposed to studentsfrom all over the world. Anotherreason I came here is Philadelphia.Having grown up in the suburbs,I wanted to live in the city, and thePenn campus feels like a smallercommunity within it. Based onWharton’s reputation as a topschool, I was worried that thepeople here would be intimidating,but they’re not. Everyone isreally friendly, the professors areapproachable and every semesterthere are more opportunities toexplore new interests.”Rita Bagai, W’08Fairfax, VAFinance and Marketing concentrations

22 wharton undergraduateCommunityTHE CORNERSTONE OF YOUR EXPERI-ENCE is Jon M. Huntsman Hall, your home awayfrom home, completed in 2002 for the needs ofWharton’s high-tech, high-energy community. Yourcommunity expands out to Center City Philadelphia,one of the country’s liveliest, most diverse, and historicdistricts, located just minutes away from campus.You can go downtown, hang out with yourfriends on campus, or hop on a train to New YorkCity, Boston, or Washington, DC.Once you graduate, you become part of the widerWharton community of 80,000+ alumni around theworld. Whatever you do in the future, you'll find lifelongconnections and friendships in our network ofcorporate, non-profit, and government leaders.........................................................................................................................................................................................................www.wharton.upenn.edu/undergrad

usiness and more 23“The first time I saw Jon M.Huntsman Hall I wasamazed. I thought it hadthe technology of NASA.The individual and groupstudy rooms are an invaluableresource and a greatway to get away from hustleand bustle of the campus.I’ve come to lovePhiladelphia, with its opengreen spaces, picturesquebuildings, and fantasticrestaurants. During orientation,Penn rented out thePhiladelphia Museum ofArt and a nearby skyscraperlit up to say“Congrats, Class of 2008!”It doesn’t get much moreimpressive than that. Onthe first day of class, ourTA from Management 100took me and my teammatesto get cheese steaks, andI thought, ‘this is whatcollege is all about.’”Richard Hillen, W’08Bermuda (UK citizen)Undecided concentration“What’s great about Wharton is that it is such a tightlyknit community. Huntsman is my second home. It’sthe best facility you could imagine and there is alwayssomeone you know around. Somehow, staying up latecramming for exams with friends manages to become fun.Between majors, minors, extracurricular activities andsports it is very easy to find your own community here.Since I’ve been here it’s been even better than I expected— the learning has gone beyond what I had imagined. AtWharton you’re among the best and competing at a highlevel and the opportunities to use all the skills you learnhere are endless.”Laine Litman, W’07Edina, MNFinance and Management concentrations; Classical Studies minor

24 wharton undergraduateExplore Wharton OnlineCheck out current student profiles.Explore options in the curriculum.Learn about careers and opportunities.Take a Closer LookGet the details from our current student website.http://undergrad.wharton.upenn.eduVisit CampusMeet students.Join a tour and visit a class.Attend an information session.ApplyVisit Penn’s Office of Undergraduate Admissions.www.admissions.upenn.eduinfo@admissions.upenn.eduwww.wharton.upenn.edu/undergrad

MAKE AN IMPACTBUSINESS IN THE IVY LEAGUE

THE FIRSTBUSINESSSCHOOL, 1881…AND STILLLEADING THEWAY.The University of Pennsylvania valuesdiversity and seeks talented students, facultyand staff from diverse backgrounds. TheUniversity does not discriminate on the basisof race, color, sex, sexual orientation, genderidentity, religion, national or ethnic origin,age, disability, or status as a disabled orVietnam-era veteran in the administrationof its educational policies, programs, oractivities, admissions policies and procedures,scholarship and loan programs,employment, recreational, athletic, orother University-administered programs.Questions or concerns regarding theUniversity’s equal opportunity and affirmativeaction programs and activities or accommodationsfor people with disabilitiesshould be directed to the Executive Director,Office of Affirmative Action and EqualOpportunity Programs, Suite 227, 3600Chestnut Street, Philadelphia, PA19104.6106 or 215.898.6993 (voice) or215.898.7803 (TDD). Specific questionsconcerning the accommodation of studentswith disabilities should be directed to theOffice of Student Disabilities Services locatedat the Learning Resources Center, 3820Locust Walk, Harnwell College House,Suite 110, 215.573.9235 (voice) or215.746.6320 (TDD).The University of Pennsylvania must reservethe right to make changes affecting policies,fees, curricula, or any other mattersannounced in this publication.The Federal Crime Awareness and CampusSecurity Act requires all institutions of highereducation to provide information on theirsecurity policies and procedures and specificstatistics for criminal incidents and arrestson campus to students and employees, andto make the information and statistics availableto prospective students and employeesupon request. The Pennsylvania College andUniversity Security Information Actrequires Pennsylvania institutions to provideinformation about its security policies andprocedures to students, employees andapplicants; to provide crime statistics to studentsand employees, and to make those statisticsavailable to applicants and prospectiveemployees upon request. This informationabout Penn is available by calling theDivision of Public Safety at 215.898.7297.Undergraduate DivisionThe Wharton SchoolGordon Hattersley SuiteG95 Jon M. Huntsman Hall3730 Walnut StreetPhiladelphia, PA 19104.6340phone: 215.898.7608fax: 215.573.2070email: undergradinfo@wharton.upenn.eduweb: www.wharton.upenn.edu/undergrad