The University of Pennsylvania (Penn or UPenn) is a private Ivy League research university in Philadelphia, Pennsylvania. The University claims a founding date of 1740 and is one of the nine colonial colleges founded prior to the U.S. Declaration of Independence.
Benjamin Franklin, Penn’s founder and first president, advocated an educational program that trained leaders in commerce, government, and public service, similar to a modern liberal arts curriculum.
Penn has four undergraduate schools as well as twelve graduate and professional schools. Among its graduate and professional schools are the first school of medicine in North America (Perelman School of Medicine, 1765), the first collegiate business school (Wharton School, 1881), and the first “student union” building and organization (Houston Hall, 1896).
In 2019, the university had an endowment of $14.65 billion, the seventh largest endowment of all colleges in the United States, as well as a research budget of $1.02 billion. The university’s athletics program, the Quakers, fields varsity teams in 33 sports as a member of the NCAA Division I Ivy League conference.
U.S. News & World Report’s 2020 rankings place Penn 6th among “National universities” in the United States. U.S. News also includes Penn in its Most Popular National Universities list and so does The Princeton Review in its Dream Colleges list. As reported by USA Today, Penn was ranked 1st in the United States by College Factual for 2015.
In their 2020 edition, Penn was ranked 15th in the world by the QS World University Rankings and in 2019, 17th by the Academic Ranking of World Universities (ARWU) and 12th by the Times Higher Education World University Rankings. In 2019, it ranked 12th among the universities around the world by SCImago Institutions Rankings. According to the 2015 ARWU ranking, Penn is also the 8th and 9th best university in the world for economics/business and social sciences studies, respectively. University of Pennsylvania ranked 12th among 300 Best World Universities in 2012 compiled by Human Resources & Labor Review (HRLR) on Measurements of World’s Top 300 Universities Graduates’ Performance.
The Center for Measuring University Performance places Penn in the first tier of the United States’ top research universities (tied with Columbia, MIT and Stanford), based on research expenditures, faculty awards, PhD granted and other academic criteria.
Penn was also ranked 18th of all U.S. colleges and universities in terms of R&D expenditures in fiscal year 2013 by the National Science Foundation. The High Impact Universities research performance index ranks Penn 8th in the world, whereas the 2010 Performance Ranking of Scientific Papers for World Universities (published by the Higher Education Evaluation and Accreditation Council of Taiwan) ranks Penn 11th in the world for 2007, 2008 and 2010 and 9th for 2009.
The Performance Ranking of Scientific Papers measures universities’ research productivity, research impact, and research excellence based on the scientific papers published by their academic staff.
The SCImago Institutions Rankings World Report 2012, which ranks world universities, national institutions and academies in terms of research output, ranks Penn 7th nationally among U.S. universities (2nd in the Ivy League behind Harvard) and 28th in the world overall (the first being France’s Centre National de la Recherche Scientifique).