Wharton University is on the brink of losing its flagship, a program that has drawn students and faculty from across the world for more than a century.
Wharton is one of the best-known and most prestigious business schools in the world, and its students, faculty, and staff are a vibrant part of the global economy.
But now, the school is facing a major change in direction: it’s moving its business operations out of New York City, and to the heart of Silicon Valley.
Wharton will be closing its new headquarters in the heart (and the first stop) of the Silicon Valley campus, a $1.5 billion campus in Mountain View, California.
The move is a big blow for the university, which is known for its deep ties to the New York community and its long tradition of innovation and excellence.
Students and faculty will be moved out of a building that was designed in the 1920s, a move that Wharton says was a way to better align the campus with the campus of the university’s other business schools, which include the Wharton Center for the Humanities and the Whisman Center for Business Administration.
Whist is currently housed in its former building, with about 5,000 students, more than 100 faculty, staff, and guests.
There will be no more rooms for students and staff.
Whism will close the school in 2020, the university announced in a news release.
In a statement, the Whist faculty said that they were working to figure out how best to relocate to Silicon Valley, and that the school was “committed to doing so.”
The university is also closing a number of programs in other cities, including the University of California at Berkeley.
“This is a difficult time for Wharton, and we are deeply disappointed to see the university closing its doors,” the faculty said in the statement.
“We are deeply committed to making sure that our faculty, students, and students of all backgrounds are able to live, learn, and thrive in a world that is increasingly connected to the information and communication technologies of the 21st century.”
The school said that its campus was not a part of its new strategy, but that it was working with other institutions to make changes to the campus to better support its students and the campus as a whole.
University officials said that Whist was looking for ways to “enhance student learning experiences and campus connections, and make the campus more inviting to students and students from other disciplines.”
“We are committed to ensuring that Whists students, staff and students across the campus are able and empowered to participate fully in the campus life,” they added.
As we write this, I still think of the days when I went to Wharton to study business and I felt I could say anything to a business professor, to an executive, and in all cases I could have a say in how they made decisions.
I remember the feeling of being at that campus, that the professors who sat next to me were asking questions.
This is not an isolated event, however.
Earlier this year, Wharton announced it was cutting its enrollment by about 5 percent, a cut that came just days after it announced that it would close the university in 2020.
Some students were upset that they had been left out of the process of making the announcement, but they said they understood the decision to close.
While many students were disappointed, others were hopeful that the move would be an opportunity for Whist to focus on other areas.
I’m happy to say that the decision of this institution is a win-win-win for all Whist students, professors, staff (and students) and the whole Wharton community.
We are grateful to Whist for their efforts and support over the last three decades to make Wharton a world-class institution.
We will work to ensure that Whism is in the best position to continue to provide exceptional education for students, academics, and researchers.
Read more at The Wall Street Journal: Wharton is on track to lose its flagship business program, Whist announced in its news release Tuesday, March 17, 2020.