Wharton, a prestigious business school, is closing its doors this fall and the school’s flagship Wharton School of Business, known for its research and scholarship programs, will be shuttered.
The Wharton school has been operating since 1885, and was the first to offer degrees in management and management-related fields.
“Wharton has made great strides over the past several years, and we’re grateful for the support of alumni and our students,” the school said in a statement Tuesday.
Wharton College said it plans to close the Wharton Center for International Business, the campus of the Whartons’ Wharton University, and the Whartsons’ campus in Philadelphia, as well as the Whasps Wharton Business School, which is based in the same building.
Whasp College, founded in 1899 and located in New Jersey, has more than 100 campuses in 30 countries, including more than 2,000 in the United States.
“We are saddened to announce the closing of Wharton,” the college said in its statement.
Wharts, founded by the Wharter brothers, was founded in 1878 in New York City by a group of business students and their parents.
Whartos graduates have been influential in some of the world’s most important companies, including Boeing, Exxon Mobil and General Electric.
Whistlers students have also been instrumental in creating the business schools at Stanford and Harvard, which have won top prizes in international business.
Whosp’s students have included Steve Jobs, the founder of Apple Inc., and Tom Perkins, the chief executive of eBay Inc.