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Wharton Lands Record $60 Million Gift to Launch MS in Quantitative Finance

The one-year degree debuts in fall 2026, initially targeting Penn undergraduates under faculty director David Musto.

Overview

  • Alumnus Bruce I. Jacobs is funding the Dr. Bruce I. Jacobs Master of Science in Quantitative Finance with a $60 million donation.
  • The contribution is the largest in Wharton’s history and lifts Jacobs’s total giving to the school to more than $80 million.
  • The program is Wharton’s first new degree in about 50 years, with a one-year curriculum in quantitative methods, machine learning, artificial intelligence and financial markets to prepare graduates for quantitative asset management.
  • The inaugural cohort is scheduled to start in fall 2026, with early enrollment focused on Penn students completing quantitative undergraduate degrees.
  • Students will take required data-science and asset-pricing courses, choose from 30-plus electives, complete a real-world capstone and benefit from expanded AI computing resources such as Penn’s new Betty facility.