About Accounting, MBA in University of Pennsylvania (UPENN)
The Accounting major helps students acquire the skills to measure and communicate an organization’s economic activities. Accounting is the formal system of collecting, organizing, and reporting the financial data used to make economic decisions. The data shed light on current financial status and liquidity, as well as past profitability and funds-generating capability. Its users include corporate shareholders, lenders, management, employees, research organizations, and taxing and regulatory agencies.
Many different types of economic decisions require accounting data. One major use of accounting data is to inform outsiders (interested people who do not have direct access to corporate records) of the firm’s economic status and progress. By contrast, the firm’s management requires data that will aid in controlling operations and evaluating performance. Outside agencies often collect accounting data for tax collection and other social and economic policy purposes.
The accounting major at the Wharton School focuses on the user of accounting data. Most courses in the department stress concepts, procedures and applications with a view to the student understanding how accounting information is generated and its reliability in analysis. Most accounting majors are preparing for careers in which accounting data are used extensively. The department’s flexible curriculum also allows interested students to take the required courses toward certification as a CPA (certified public accountant) or CMA (chartered management accountant). As the specific course requirements for these certificates vary from state to state and usually exceed the minimum requirements for a Wharton MBA major, students who seek professional certification should seek the advice of the Accounting Department adviser as early as possible to plan their programs.
Academic qualification equivalents
- Applicants must have a bachelor’s degree
English language requirements
- IELTS :6.5
- TOEFL IBT: 100
University of Pennsylvania Highlights
| College Type |
Private College |
| Campus Setting |
Urban |
| Annual Endowment |
14.9 billion USD |
| Student Retention Rate |
98% |
| Work-study Program |
Available |
| Mode of Program |
Full-time, part-time and online |
| English Language Proficiency Test |
IELTS or TOEFL |
| Financial Aid |
Available in different forms |
| Admission Helpdesk |
(215) 898-5000 |
University of Pennsylvania Cost of Attendance
The following is a breakdown of the anticipated cost of studying in the United States for international students at the University of Pennsylvania:
| Course Type |
Expenses for On-Campus Undergraduate (in USD) |
Expenses for Graduate ( in USD) |
| Tuition |
54,652 |
43,860 |
| Fees |
7,058 |
19,208 |
| Housing |
11,358 |
12,840 |
| Dining |
5,946 |
6,492 |
| Books and Supplies |
1,358 |
1,800 |
| Transportation |
922 |
1,308 |
| Personal Expenses |
2,004 |
2,676 |
| Total |
83,298 |
88,184 |
University of Pennsylvania Scholarships/ Financial Aid
Since 2004, UPenn has provided 2 billion dollars in undergraduate scholarships to more than 22,000 students.
The following is a list of the scholarships available to study at the University of Pennsylvania:
| Scholarship Program |
Eligibility |
Benefits |
| Dean’s Scholarship |
The applicant should be incoming masters student, the applicant should not be a working professional, the candidate should not pursue a doctoral program |
10,000 USD |
| The Foreign Fulbright Student Program |
All masters students receiving Fulbright Fellowship offers can apply for the program |
15,000 USD |
| International Student Financial Aid |
The student needs to apply for the scholarship while taking admission, international students cannot apply after admission |
100% need will be fulfilled through grants and work-study programs |
