University of Pennsylvania

www.upenn.edu

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2024 Undergraduate Tuition

$60,920

3.92% growth from 2023

2024 Average Net Price

$23,570

After Financial Aid

2024 Acceptance Rate

5.4%

65,226 Applicants

2024 Enrolled Students

29,109

83.2% Full-Time

2024 Graduation Rate

96.5%

2,374 Graduates

About

University of Pennsylvania is a higher education institution located in Philadelphia County, PA. In 2024, the most popular Masters Degree concentrations at University of Pennsylvania were General Computer & Information Sciences (730 degrees awarded), General Business Administration & Management (415 degrees), and Financial Analytics (348 degrees).

In 2024, 11,643 degrees were awarded across all undergraduate and graduate programs at University of Pennsylvania. 55.6% of these degrees were awarded to women, and 44.4% awarded men. The most common race/ethnicity group of degree recipients was white (3,679 degrees), 1.63 times more than then the next closest race/ethnicity group, asian (2,257 degrees).

The median undergraduate tuition at University of Pennsylvania is $60,920, which is $29,000 more than the national average for Doctoral Universities ($31,920).

Photo by InSapphoWeTrust

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at University of Pennsylvania is $60,920, which is $29,000 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $23,570.

In 2024, 52% of undergraduate students attending University of Pennsylvania received financial aid through grants. Comparatively, 10% of undergraduate students received financial aid through loans.

Tuition Costs

$60,920

2024 Undergraduate Tuition

In 2024, the cost of tuition at University of Pennsylvania was $60,920. The cost of tuition at University of Pennsylvania is $29,000 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

This chart compares the tuition costs of University of Pennsylvania (in red) with those of other similar universities.

Average Net Price

$23,570

2024 Value

9.41%

1 Year Growth

In 2024 University of Pennsylvania had an average net price — the price paid after factoring in grants and loans — of $23,570. Between 2023 and 2024, the average net price of University of Pennsylvania grew by 9.41%.

This chart compares the average net price of University of Pennsylvania (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$18,428

Room and Board

$1,358

Books and Supplies

The average yearly cost of room and board at University of Pennsylvania was of $18,428 in 2024. The cost of room and board increased by 11.1% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,358. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Pennsylvania (in red) with that of similar universities.

Financial Aid by Income Level

52%

Undergraduates Receiving Financial Aid through Grants

10%

Undergraduates Receiving Financial Aid through Loans

52% of undergraduate students at University of Pennsylvania received financial aid through grants or loans in 2024. This represents a growth of 1.96% with respect to 2023, when 51% of undergraduate students received financial aid.

This chart compares the average award discount at University of Pennsylvania (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

University of Pennsylvania received 65,226 undergraduate applications in 2024, which represents a 9.69% annual growth. Out of those 65,226 applicants, 3,523 students were accepted for enrollment, representing a 5.4% acceptance rate.

There were 29,109 students enrolled at University of Pennsylvania in 2024. 50% of first-time enrollees submitted SAT scores with their applications.

University of Pennsylvania has an overall enrollment yield of 68%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

5.4%

Acceptance Rate in 2024

3,523

Accepted Out of 65,226

In 2024, the undergraduate acceptance rate of University of Pennsylvania was 5.4% (3,523 admissions from 65,226 applications). This is lower than the acceptance rate of 2023, which was 5.87%. Between 2023 and 2024, the number of applicants grew by 9.69%, while admissions grew by 0.974%.

This chart compares the acceptance rate of University of Pennsylvania (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

50%

Submission Percentage (2024)

1,204

Scores Submitted (2024)

50% of enrolled first-time students at University of Pennsylvania in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

University of Pennsylvania had a total enrollment of 29,109 students in 2024. The full-time enrollment at University of Pennsylvania is 24,219 students and the part-time enrollment is 4,890. This means that 83.2% of students enrolled at University of Pennsylvania are enrolled full-time.

The enrolled student population at University of Pennsylvania, both undergraduate and graduate, is 27.4% White, 20% Asian, 8.31% Hispanic or Latino, 6.99% Black or African American, 3.35% Two or More Races, 0.0687% American Indian or Alaska Native, and 0.0378% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Pennsylvania in full-time Undergraduate programs are most commonly Asian Female (15.6%), followed by White Female (14%) and White Male (13.1%). Students enrolled in full-time Graduate programs are most commonly White Female (16.3%), followed by White Male (11.6%) and Asian Female (8.38%).

Full-Time vs Part-Time Enrollment

83.2%

Full-Time Enrollment

The total enrollment at University of Pennsylvania in 2024, both undergraduate and graduate, is 29,109 students. The full-time enrollment at University of Pennsylvania is 24,219 and the part-time enrollment is 4,890. This means that 83.2% of students enrolled at University of Pennsylvania are enrolled full-time compared with 77.3% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at University of Pennsylvania (in red) compares to similar universities.

Retention Rate over Time

99%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Pennsylvania was 99%. Compared with the full-time retention rate at similar Doctoral Universities (82%), University of Pennsylvania had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Pennsylvania (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
7,969 enrolled students
Asian
5,811 enrolled students
Hispanic or Latino
2,419 enrolled students

The enrolled student population at University of Pennsylvania is 27.4% White, 20% Asian, 8.31% Hispanic or Latino, 6.99% Black or African American, 3.35% Two or More Races, 0.0687% American Indian or Alaska Native, and 0.0378% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.2% White, 16.3% Hispanic or Latino, and 10.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 2,965 students (10.2%) did not report their race.

Graduates

In 2024, 1,299 more women than men received degrees from University of Pennsylvania. The most common race/ethnicity group of degree recipients at University of Pennsylvania is white (3,679 degrees awarded). There were 1.63 times more white recipients than the next closest race/ethnicity group, asian (2,257 degrees).

The most common Masters Degree concentration at University of Pennsylvania is General Computer & Information Sciences (730 degrees awarded), followed by General Business Administration & Management (415 degrees) and Financial Analytics (348 degrees).

In 2024, the most specialized majors across all degree types at University of Pennsylvania, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Philosophy and Religious Studies (209 degrees awarded), Architecture and Related Services (219 degrees), and Interdisciplinary Studies (1,069 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Other managers (134,616 people), Architects, except landscape and naval (111,876 people), Postsecondary teachers (110,519 people), Physicians (97,624 people), and Elementary & middle school teachers (78,628 people).

The most specialized majors at University of Pennsylvania in 2024 are Philosophy and Religious Studies (209 degrees awarded), Architecture and Related Services (219 degrees), Interdisciplinary Studies (1,069 degrees), Legal (467 degrees), and Physical Sciences (274 degrees) (as of 2024).

Highest Paying Jobs by Major

Magnetic resonance imaging technologists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Magnetic resonance imaging technologists, Surgeons, Cardiovascular technologists and technicians, Economists, and Securities, commodities, & financial services sales agents

The most specialized majors at University of Pennsylvania are Philosophy and Religious Studies (209 degrees awarded), Architecture and Related Services (219 degrees), Interdisciplinary Studies (1,069 degrees), Legal (467 degrees), and Physical Sciences (274 degrees) (as of 2024).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Colleges, universities & professional schools, including junior colleges (222,191 people), Elementary & secondary schools (197,696 people), Architectural, engineering & related services (188,936 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (175,054 people), and Computer Systems Design (120,459 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Pennsylvania.

Most Common (2024)

Financial Analytics
380 degrees awarded
Econometrics & Quantitative Economics
206 degrees awarded
Registered Nursing
194 degrees awarded

In 2024, the most common bachelors degree concentration at University of Pennsylvania was Financial Analytics with 380 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Pennsylvania according to their major.

Sex Breakdown for Common Majors

5,172

Degrees Awarded to Men

in 2024

6,471

Degrees Awarded to Women

in 2024

In 2024, 5,172 degrees were awarded to men at University of Pennsylvania, which is 0.799 times less than the number of degrees awarded to females (6,471).

This chart displays the sex disparity between the top 5 majors at University of Pennsylvania by degrees awarded.

Most Common Male Majors

In 2024, 597 degrees were awarded to men at University of Pennsylvania in General Computer & Information Sciences, which is 1.79 times more than the 334 female recipients with that same degree.

Most Common Female Majors

In 2024, 334 degrees were awarded to men at University of Pennsylvania in General Computer & Information Sciences, which is 0.559 times less than the 597 male recipients with that same degree.

Time to Complete

88%

100% Completion Time

96%

150% Completion Time

In 2024, 88% of students graduating from University of Pennsylvania completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 97% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (98.5%)

The student demographic with the highest graduation rate in 2024 at University of Pennsylvania is Female and Asian (98.5% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (75.5%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.16% of graduates (75 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
3,679 degrees awarded
Asian
2,257 degrees awarded
Hispanic or Latino
811 degrees awarded

The most common race/ethnicity at University of Pennsylvania is white (3,679 degrees awarded). There were 1.63 times more white recipients than the next closest race/ethnicity group, asian (2,257 degrees).

4.89% of degree recipients (569 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
2,248 degrees awarded
White Female
2,176 degrees awarded
White Female
2,170 degrees awarded

The most common race/ethnicity and sex grouping at University of Pennsylvania is white female (2,248 degrees awarded). There were 1.03 times more white female recipients than the next closest race/ethnicity group, white female (2,176 degrees).

Operations

University of Pennsylvania has an endowment valued at nearly $22.3B, as of the end of the 2024 fiscal year. The return on its endowment was of 1.67B (7.48%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, University of Pennsylvania had a total salary expenditure of 15.1B. University of Pennsylvania employs 632 Professors, 335 Lecturers and 263 Assistant professors. Most academics at University of Pennsylvania are Male Professor (433), Female Lecturer (202), and Female Professor (199).

The most common positions for non-instructional staff at University of Pennsylvania are: Management, with 2,355 employees, Computer, Engineering, and Science, with 1,258 employees, and Business and Financial Operations with 1,141 employees.

Endowment

$22.3B

2024 Endowment

6.61%

growth from 2023

University of Pennsylvania has an endowment valued at about $22.3B, as of the end of the 2024 fiscal year. The endowment of University of Pennsylvania grew 6.61% from the previous year. The value of their endowment was $22.1B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Pennsylvania (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$1.03B - Federal
$25M - State
$6.75M - Local

As of 2024, University of Pennsylvania received $1.03B in grants and contracts from the federal government, $25M from state grants and contracts, and $6.75M from local grants and contracts.

Salary Expenditure

$6.49B

2024 Salaries

7.4%

growth from 2023

In 2024, University of Pennsylvania paid a median of $6.49B in salaries, which represents 42.9% of their overall expenditure ($15.1B) and a 7.4% growth from the previous year. This is compared to a 7.03% growth between 2022 and 2023, and a 10.3% growth between 2021 and 2022.

Instructional Salaries

$295M

Instructional Salaries

1,483

Number of Employees

In 2024, University of Pennsylvania paid a total of $295M to 1,483 employees working as instructors, which represents 4.55% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at University of Pennsylvania were Management with 2,355 employees, Computer, Engineering, and Science with 1,258 employees, and Business and Financial Operations with 1,141 employees.

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