Wharton Gets Record $60 Million Gift to Launch Quant Degree
Source: The Wharton School
Bruce Jacobs, co-founder of Jacobs Levy Equity Management, is giving $60 million to the University of Pennsylvania’s Wharton School — the largest single gift in its history — to start a master’s program in quantitative finance.
It will be the first new academic degree in 50 years at Wharton, which is best known for minting MBAs. Citadel, Millennium and Susquehanna will be represented on the advisory board for the program, which will encompass one year of study that includes a final-semester research project coordinated with such trading firms.