The University of Pennsylvania's Wharton School reported a record 7,613 applications for its MBA Class of 2027, evidencing strong academic metrics and a slightly larger cohort despite decreases in female and international student representation for the second consecutive year. The class reflects diverse academic backgrounds, with near-equal representation from business, STEM, and liberal arts. While scores in GPA and new GMAT formats remain robust, enrollment trends have raised concerns about diversity and inclusivity within elite business education.