The Wharton School of the University of Pennsylvania has received a $60 million gift from alumnus Bruce I. Jacobs, writes Ryan Mulligan for the Philadelphia Business Journal.
This marks the largest donation the Wharton School has ever been gifted in its 144-year history.
With it, the school plans to establish the new Master of Science in Quantitative Finance degree named after the Wharton alum and Jacobs Levy Equity Management co-founder.
The program will be the first new degree offering at Wharton in 50 years.
The new degree program will give Penn and Wharton students the ability to earn a master’s degree in one year. The coursework is a data-intensive curriculum focused on machine learning, artificial intelligence, quantitative methods, and financial markets.
Students will have 30 electives to chose from in addition to the six required courses to finish the program and earn the degree.
The program’s first cohort will begin in the fall 2026 semester.
Altogether, Jacobs has donated more than $80 million to Penn and Wharton over the years.
Read more about the Wharton School’s massive donation and the new offering students will get as a result in the Philadelphia Business Journal.
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