The University of Pennsylvania is a private research institution located in West Philadelphia, Pennsylvania. With historical ties dating back to 1740, U.S. founding father Benjamin Franklin is credited for his profound effect on the university. The Ivy League school delivers more than 90 majors across four undergraduate schools and 12 graduate schools, including the Perelman School of Medicine, the popular College of Arts and Sciences, and The Wharton School—the world’s first collegiate business school. UPenn ranks 1st among Ivy League schools in the number of students studying abroad and the university received $20.72 billion in endowments in fiscal year 2022. As a research-heavy institution, UPenn has 182 research centers & institutes and operates on a research budget of $1.47 billion in 2022. Fall 2022 saw an enrollment of over 28,000 total students with the 2026 class accounting for just over 2,400 students. Home of the Quakers, student traditions take an unorthodox approach, from toast throwing at games to the “Econ Scream”, where students gather to collectively cry out at midnight before the first Microeconomics 001 midterm exam. Notable UPenn alumni include Tesla CEO Elon Musk, musician John Legend, and investor Warren Buffett.
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