2000 >
On the Cutting Edge

Wharton expands its robust health-care offerings with the creation of the Center for Health Management and Economics, a living laboratory dedicated to theoretical and applied research on the business, managerial and economic aspects of health care.

Wharton West Wharton establishes Wharton West, creating a permanent academic location in downtown San Francisco's historic Folger Building.

Wharton Then and Now
“ [The cohort system] has had a sea-change impact on the culture of the school. Having that collaborative experience built into the core curriculum promotes instinctive teamwork. ”

— Richard Murray-Bruce, WG'02, consultant, Boston Consulting Group, IBM
The Wharton Follies celebrates its silver anniversary.

INSEAD alliance An historic alliance with INSEAD is created to develop and deliver management education globally. The partnership combines the resources of the world's leaders in management education in delivering top quality business education to postgraduate candidates and executives across four dedicated campuses: Wharton's U.S. campuses in Philadelphia and San Francisco, and those of INSEAD in Fontainebleau, France, and Singapore.

The Alfred P. West, Jr. Learning Lab establishes Wharton as a leader in creating technology-enhanced learning tools for 21st century management education.

The Indian School of Business (ISB) opens in Hyderabad, India, created through a collaboration of business leaders, Wharton, and the Kellogg School of Management.

From the Wharton Alumni Magazine
"I was one of the few people who majored in what was called international commerce in those days," says Tom Jones, WG'58. "I became an officer of the Propeller Club, a club for international business students. The club's name related to the propellers of freightliners, because international commerce up until that time was mostly at sea. In fact, I did my thesis on IBM and its international business."


Jon M. Huntsman Hall Wharton's new home, Jon M. Huntsman Hall, a $140 million, 300,000-square-foot academic center, opens at the corner of Walnut and 38th Streets. Huntsman Hall, described as the world's most advanced facility for management education, includes labs, classrooms and faculty offices and was funded entirely by major gifts and pledges from alumni, corporations and friends.

In its first year of operation, Wharton School Publishing releases eight books authored by prominent leaders in business and management strategy.

The Wharton Global Family Alliance holds its first conference in Dubai, UAE, with more than 300 family business leaders from around the world.

Wharton and the College of Arts and Sciences announce the creation of a new undergraduate joint major, the Roy and Diana Vagelos Program in Life Sciences & Management.

The establishment of Wharton's Shanghai Representative Office builds on a history of close partnerships in China.

Wharton's global network expands to more than 81,000 alumni in 140 countries.

Wharton marks 125 years of innovation and leadership in management education and research.

With your help, Wharton continues its tradition of innovation as the global leader in management research, education and knowledge creation — and the global network that began at Wharton in 1881 continues to grow.

Editor's note: A wide variety of sources, from books to websites, were used to compile this timeline. Special thanks are due, however, to Wharton historian Steven A. Sass, author of The Pragmatic Imagination: A History of the Wharton School 1881-1981 and the editors of The Pennsylvania Gazette.

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“Leadership signifies the act of making a difference. It requires us to make an active choice among plausible alternatives, and it depends on bringing others along, on mobilizing them to get the job done. Leadership is at its best when the vision is strategic, the voice persuasive, the results tangible.”
—Mike Useem, director of the Center for Leadership and Change Management, William and Jacalyn Egan Professor of Management

What has the job market been like for Wharton graduates over the years?
Daniel Raff:
In the 50s and 60s, the business world was pretty expansive, as I say; and particularly since the training we provided was scarce and valued, the job markets were good. The 70s were a relatively difficult time because of stagflation. But the 80s were good, not least because one of our historic strengths is finance, and Wharton has long been a prime supplier of executive labor to the financial institutions world. In the 90s, many of our graduates became involved with start-ups. It is harder to know how things will play out in the immediate future; it is certainly true that our alumni base is growing, and it is clear that they are more self-identified as alumni of Wharton, and their value to one another as a network is on the rise.

What business trends will today's graduates face in the near future?
I would be very surprised if we went back into days as heavily expansive as the 1990s bubble time, but there seems to be not much doubt that the economy is improving again now. My hunch is that sectors related to making consumer/producer goods will continue to do fairly well. And sectors that rely on systematic management education and technical skills will continue to do very well because the underlying economy is in midst of sea change that will demand both. The financial services industries are also in the midst of serious transition, and it's not just the consolidation. It is becoming increasingly true that financial services aren't as geographically constrained as they once were. There are areas of the world which have been radically underserved by financial services and which are becoming open to expansion, such as South Asia and China in particular. Our graduates have the skills to help.



© 2007 The Wharton School at University of Pennsylvania.