Why Wharton Should Take Back Trumps Business Degree
Donald Trump, the most famous alumnus of the Wharton School
Ever since he graduated from the University of Pennsylvanias Wharton School, Donald Trump has smartly used his education there to claim how smart and sophisticated he is. Over his long and crooked career in business, the Wharton brand has been central to much of his mythmaking. He has consistently claimed that his graduation from Wharton is evidence of his intellect. Trump often asserts that he went to the hardest school to get into, the best school in the world, calling it super genius stuff.
As he so proudly proclaims, he is a graduate of the Wharton School of Finance. Never mind that the school considers itself more than just a place to funnel talent to the financial sector and real estate. And never mind that admission standards back in the 1960s are nothing like they are today.
And after four incompetent years in the most prestigious and powerful position on earth, after Trump incited a mob to invade, occupy and vandalize our seat of government, Wharton should do more than condemn him. It should claw back the diploma he was awarded in 1968. For a moment, American democracy fell to an insurrection fueled and egged on by its most prominent graduate. What an embarrassment and disgrace.
TRUMP REPRESENTS THE ANTITHESIS OF THE UNIVERSITYS VALUES
The front page of The New York Times on Jan. 7, 2021
THE PENN COMMUNITY HAS WATCHED TRUMP WITH A MIXTURE OF HORROR & DISBELIEF
H1b Visa Changes: What Does Trumps Executive Order Mean For Mbas
How hard could Donald Trumps suspension on new H-1B visas impact international MBA candidates and graduates in the US?
President Trump has temporarily suspended the issuing of new H-1B work visas for foreign workers seeking employment in the United States. Its the latest in a string of anti-immigration policies intended to curtail the number of foreign workers in the US.
The executive order also bans the issuing of new L visas. The L-1 visa was a useful alternative to the H-1B Visa for foreign workers looking to work in the US. It allows migrants to be employed for a US company with global operations and return to work for the company in the States.
Under the order, American companies with operations overseas and overseas companies with operations in the US are unable to transfer foreign executives and other employees to the United States for months or year-long contracts.
Officials have said that together with green card restrictions as many as 525,000 foreign workers could be kept out of the country until the end of 2020, when the current restriction ends.
Donald Trumps Brother Fred Trump Jr Graduated From Lehigh
Donald Trumps oldest brother, Fred Trump Jr., didnt go to the University of Pennsylvanias famous Wharton School. He actually graduated from Lehigh University in 1960, according to The Washington Post. He also had ambitions of being a TWA pilot, studying up on aviation books while his father berated him for trying to be a chauffeur in the sky, according to the Washington Post story. Ultimately, he gave up on that dream, and opted instead to work in the family business.
Notably, while Fred didnt go to Wharton School to study business, he was, however, friends with James Nolan, an admissions officer at Wharton, who was instrumental in getting Donald Trump into the University of Pennsylvania. He called me and said, You remember my brother Donald? Which I didnt, Nolan said in an interview with The Washington Post . He said, Hes at Fordham and he would like to transfer to Wharton. Will you interview him? Nolan agreed to the interview, which Donald attended with his father, Fred Trump Sr. The admissions officer gave him a rating that was decent enough to support his candidacy, and Donald finished his college years at Penn.
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Trump’s Education And Wharton Degree
Donald Trump attended East Coast private schools throughout his life. First the private Kew-Forest School, from kindergarten through seventh grade, in the New York City borough of Queens. Concerned about his behavior, Trump’s parents next sent him to New York Military Academy, a private boarding school in upstate New York.
During his senior year, Trump was promoted to captain among the student cadets. After graduating, Trump returned to New York City. He enrolled at Fordham University, a Jesuit and Catholic college in the Bronx.
After two years, Trump transferred to the University of Pennsylvania in Philadelphia, an Ivy League school. Trump’s younger brother, Fred Trump Jr., secured Donald an interview with a Penn admissions officer who was one of his close friends, The Washington Post reported. Fred Trump Sr. accompanied his son to the interview.
In my opinion, degree doesnt prove very much, but a lot of people I do business with take it very seriouslyDonald Trump, The Art of the Deal
Trump graduated from Penn in 1968 with a bachelor of science in economics from The Wharton School, then called Wharton School of Finance. In 1973, a year before Trump became president of the conglomerate that would be The Trump Organization, The New York Times reported Trump graduated “first in his class” from The Wharton School.
Trump’s performance as a student remains highly contested. For Trump himself, it’s mostly about what a high-powered degree signals to others.
The Wharton School’s Reputation And Standing
Wharton boasts the largest alumni network of any business school in the United States, with a total membership of approximately 100,000 strong. Among the notable figures who have attended Wharton include Donald Trump Warren Buffett, CEO of Berkshire Hathaway Sundar Pichai, CEO of both Alphabet and Google and Elon Musk, founder of Tesla and SpaceX and co-founder of PayPal .
Historically, Whartons reputation has been especially strong with regard to finance, with the school producing a steady stream of top candidates for Wall Street firms and other finance-related positions. However, with the recent growth of the American technology sector, Wharton has been making greater efforts to bolster its programs outside of its core strength of finance, in order to better prepare its students for the workforce of the future.
The schools recent investments in China are also oriented in a similar direction, with the Penn Wharton China Center already producing over 15,000 alumni in the Greater China region.
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The State Of The Us Economy Under Biden
Though COVID-19 has wreaked havoc on the American economy, many financial institutions predict a speedier economic recovery under Bidens presidency. Goldman Sachs ascertains that although Biden is proposing higher taxes for corporations, hes also ensured a large amount of government spending, which paired with low interest rates, could help lift the economy out of recession. Further, Bidens win increases the likelihood of a $2 trillion stimulus package being passed, which could make a major positive impact on the state of the economy.
Moodys predicts a quicker economic recovery under Biden as welland expects Bidens presidency will create upwards of 18 million jobs, with the economy returning to a low unemployment rate of approximately 4% by the end of 2022.
Lastly, Biden working with what looks like will be a Republican Senate increases the likelihood that we will see more moderate policies and economic stability arise from the United States in the coming months and years. This is reassuring news for international students looking to work in the United States after post-graduation.
Trump Is An Idiot Who Didnt Get An Mba From Wharton Explained
Think about this: When President Donald Trump was a private citizen, he hated President Barack Obama so much that he regularly antagonized him on Twitter. In fact, one could argue that when Trump wasnt eating KFC or killing a puppy with his tiny fingers, it was his part-time job to troll Obama on social media.
At one point, the now president of the small states with major size envy not only tweeted that he knew that Obama was a bad student but demanded that the president release his school records.
No, President Trump, you arent who you pretend to be. Recently, the smarts of the president of DevilVomit, Fla., have been called into question. In fact, theyve been called into question so much that the president of FatTires, Miss., has had to come out to say, Im really smart! Everyone knows that once you start stating how smart you are, then you are probably really stupid.
So it turns out that the president of GodsBurp, Ga., likes to allow everyone to believe that he got an MBA from the Wharton School of the University of Pennsylvania, when, in fact, he only went to Wharton undergrad.
During his run for the White House, Trump touted his top-tier education.
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Mba Program For Executives
This program mirrors the full Wharton MBA but can be done part-time in Philadelphia and San Francisco.
The application process starts with the completion of the online application and scheduling of an early interview with the Admissions Committee. Only a resume is required for the interview. You can request a phone-chat to discuss your application and interview.
Two online recommendations from direct managers or former employers or clients should be given. Three essays have to be completed, with a fourth one optional. Results of standardized tests such as GMAT or GRE and prior academic transcripts are required. A sponsorship letter from your organization confirming time to attend the course is needed. The application fee is $180.
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Mystery #: After Two Years At Fordham University Did Trump Need Special Treatment To Gain Admission To Wharton
The answer begins with James A. Nolan, the Penn admissions officer who interviewed Trump and ushered his application through the vetting process, which he says he did at the behest of Trumps older brother, Fred Trump Jr. Nolan grew up in Queens and had been friends with Fred since high school in the mid-1950s. During an interview at his apartment on Washington Square, Nolan told me he spent a lot of time in those days at the Trump McMansion in Jamaica Estates, which he described as very big, with lots of bedrooms and blackface lawn jockeys lining the approach. Both friends planned to enroll at Penn, but only Nolan got accepted. Ten years later, Nolan was working in Penns admissions department he would later become director of undergraduate admissions when Fred called in a favor.
This was first revealed in Gwenda Blairs book The Trumps: Three Generations That Built an Empire . Whether that was 100 percent why he got in, I dont know, but clearly it was helpful, Blair told me. Blair says that at Nolans request she kept his identity a secret until earlier this summer, when Nolan granted interviews to the Washington Post and this magazine.
Nolan is adamant: Trump wasnt accepted to Wharton solely on his say-so. Both the head of transfer student admissions and the vice dean reviewed Trumps application and Nolans interview notes before giving final approval.
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How To Get Into Wharton
For MBA MBA, Executive MBA, Undergrad , Dual-degree, PhD programs
Wharton, or the Wharton School of the University of Pennsylvania, was established in 1881 and is regarded as the worlds oldest collegiate school of business. Founded through a donation from the industrialist Joseph Wharton, the b-school is considered to have produced the highest number of billionaires in the US. Whartons alumni include names like Donald Trump, Elon Musk, John Sculley, and Sundar Pichai, but its MBA acceptance rate of 19.2 percent, higher than that of some of the schools top rivals, should give aspirants hope.
- PG students: 1,775 MBA 214 doctoral
- Other students: 445 EMBA
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Mystery #: Did Donald Trump Finish First In His Class At Wharton As He Bragged To Multiple Journalists Over The Years
This assertion appeared in a fawning New York Times profile of the Trump Organization published in 1973, the same year the Department of Justice sued Donald and his father Fred for housing discrimination for refusing to rent to people of color. Sample paragraph:
Donald, who was graduated first in his class from the Wharton School of Finance of the University of Pennsylvania in 1968, joined his father about five years ago. He has what his father calls drive. Donald is the smartest person I know, he remarked admiringly.
The claim was repeated in another doting profile of Trump in the New York Times in 1976. Noting that practically every article ever written about Trump in the wake of the Times profiles parroted the first in his class claim, the Times finally corrected the record in yet anothereye-roll-inducing profile published in 1984 , declaring that the notion that Trump finished first in his class at Wharton was contradicted by the universitys commencement program.
Trump himself finally copped to this in a 1988 New York magazine story written by Julie Baumgold. Okay, maybe not first, as myth has it, Baumgold wrote, but he had the highest grades possible.
What Is The Wharton School
The Wharton School of the University of Pennsylvaniaoften referred to simply as Whartonis one of the most prestigious business schools in the world. For 2023, Wharton’s Master of Business Administration program tied for first place with the University of Chicago Booth School of Business in a global survey of the best business schools by U.S. News & World Report.
The school is best known for its rigorous finance program and is a top choice for those seeking careers in investment banking, private equity , investment management, or venture capital .
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He Doesnt Seem To Think That Academic Credentials Are Important
According to The Chronicle of Higher Education, Donald Trumps comments about his college education reveal a dubiousness about the importance of academic credentials even as he braggadociously touts his own and an impatience with curricular pursuits that lack an obvious utilitarian applicability. The publication adds that Trump saw higher education as a means to an end.
Fordham University and the Wharton School of the University of Pennsylvania, where Mr. Trump transferred to complete a bachelors degree in economics, were essentially credential factories, the publication explains. To build the real estate empire he envisioned, he needed the degree. But as the Chronicle notes, it was clear to Mr. Trumps classmates that Mr. Trumps relationship with Penn would be a transactional one he would learn what he thought he needed to learn, and skim the rest.
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Mystery #: What Do We Know About Tiffanys Penn Years
In 2012, Tiffany arrived at Penn on the heels of a brief but doomed bid at autotuned pop stardom , as her father was waging his notoriously racist birther fake-news campaign. She double-majored in sociology and urban studies. According to unnamed sources interviewed by Vanity Fair, she was rebuffed in efforts to join Tabard, a secret society that offers its members an exclusive social network, out of fear that a scion of the toxic Trump family tree might drive away the swells.
But Kappa Alpha Theta was apparently happy to have her. Her alleged billionaire father reportedly kept her on a short leash, doling out a miserly $500-a-month allowance. Still, she managed to make the rounds of the elite-rich-kid party scene at Penn. One party boy who insisted on anonymity summed up the scene to me thusly: Youre looking at Tiff Trump passing a joint to me, and Im passing it to a kid who grabs it while wearing a $38,000 rose gold Patek Philippe watch and then, you know, accidentally drops the joint into his cheap red cup filled with Grey Goose. And that was a normal Tuesday night for them.
Francis J & Wm Polk Carey Jd/mba Program
The three-year fully integrated program combines the Wharton MBA and Penns law school program.
Applications are required to be submitted through the Wharton system that includes the full-time MBA application and a Penn Law supplement. You must hold a bachelors degree and take GRE or GMAT, though the Law School Admission Test is not required. Transcripts and other documents have to be sent through the LSAC Credential Assembly Service. A minimum of four recommendation letters need to be sent . Interviews are given by invitation.
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