How much money do University of Pennsylvania MBA make?

The University of Chicago Graduate School of Business was launched by faculty member James Laurence Laughlin in 1898 as the second-oldest business school in the United States. The school was chartered officially as the College of Commerce and Administration. It was intended to be an extension of the University of Chicago’s founding principles of “scientific guidance and investigation of great economic and social matters of everyday importance,” as echoed by founding president William Rainey Harper. Patterned on the Wharton School of the University of Pennsylvania, it originally served as a solely undergraduate institution until 1916, when academically oriented, research masters and later doctoral level degrees were introduced. However, it was not until 1936 that the MBA was offered, resulting in an eight year transition to the institution’s graduate-only status completed in 1950. In 1943 the school presaged the success of executive education programs in management education, launching the first ever executive MBA program. The school is also notable in that, during the later half of the twentieth century, it was known for its association with the "Chicago School" of free-market, economic thought, due to faculty and student interaction with members of the university's influential Department of Economics. In general, the GSB has been first mover in many areas of business school education :