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At the University of Pennsylvania, architectural plans are ready and a site is picked for the Singh Nanotechnology Center, an 80,000-square-foot building for which the university has been able to raise only $60 million of the estimated $95 million cost. The center could be financed by the N.I.H. or the N.S.F., said Steven Fluharty, vice provost for research at the university.</p>
<p>“At Singh, a shovel could go into the ground tomorrow if we had the money,” Dr. Fluharty said.</p>
<p>In addition to three new science buildings, the University of Pennsylvania has definitive plans for more than a dozen scientific renovation projects that each need $3 million to $15 million to complete, Dr. Fluharty said.
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<p>Penn Med, baby. This is where Penn's money has been coming from--and not just now, but ever since the explosion in NIH grants in the 1990s...and it is why, even if Wharton craters for a few years (which, much as I'd love to see it happen, it won't), Penn is going to be juuuust fine.</p>
<p>Yes, ilovebagels is doing extremely well for himself. So, that is not really his issue. I believe it has to do with his philosophy of what an education should be. Perfectly valid. However, Wharton is definitely an asset of the University of Pennsylvania, and hoping for the weakening of arguably the world’s greatest business school, only hurts Penn as an institution.</p>
<p>I only strive to correct the misperception that Penn as an institution revolves around Wharton. It doesn’t, and it doesn’t benefit the institution I love to have anyone thinking that.</p>
<p>I was a CAS undergrad who loved my education (and by and large loved it far more than most Wharton undergrads), who did take some Wharton courses (along with dabbling in SEAS, Law) and who never wanted a job in banking (and a fortunate decision that turned out to be), and did indeed beat out several Wharton students for the fantastic business job I landed.</p>
<p>I do disagree with the practice of replacing an undergraduate education (CAS) with undergraduate training (Wharton), but that’s just me. I think for some people it might be great, but I feel that those people are only a small subset of the masses of people applying to Wharton–most of which would be better off having ticked the “College” box on the app.</p>
<p>Not in the early 2000’s. Penn hospitals lost so much money that the promised renovation of the high rises were severely restricted and delayed. I was astounded that university money is so intertwined with the hospital. When the hospital loses money, Penn students are also effected. Grants may fund building constructions and research projects but do not go into the operational expenses.</p>
<p>Thank you for bringing the thread back on topic.</p>
<p>Anyway, grants do fund building and research, but the result of that is that the University can redirect funds it would have used for construction, etc to other purposes like faculty, financial aid, etc.</p>
<p>Do you know this as a fact ? I highly doubt they can redirect NIH grants etc to any other but their stated purposes. They may do this under the table under some creative accounting but I don’t think it is legal.</p>
<p>They don’t redirect NIH grants but they redirect endowment funding that would have otherwise gone to research, research that is now paid for from grants.</p>
<p>(As an aside, the thought that money is not fungible is what has got Congress’s panties in a bunch over Wall St.)</p>
<p>I’ll let you in on a little secret. Those Wharton students you “beat out” for the “fantastic business job” you landed? They were affirmative action kids who could not get a job in banking/finance; they were the bottom 10% of Wharton. It’s well known around here that the majority of us try to get into banking/finance and to a lesser degree consulting. Saying you “beat out” some third tier W kid for a “fantastic business job” is nothing to be proud of – it’s playing tennis with the net down or shooting hoops with the rim lowered.</p>
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<p>You have absolutely no right to say this. None whatsoever. That’s like saying to a pastry chef that he would have been better off focusing on filet mignons and bouillabaisse in culinary school, instead of pastries. Get off your high horse. Seriously.</p>
<p>^^^ Wow, a little angry there. First of all, I don’t understand how you attack him and say he only beat out “weaker” Wharton students for his position. While finance and banking may be the most popular tracks for Wharton grads, they are certainly not the only ones. Top students do not necessarily choose to go to finance or banking. He may have very well beat out some great Wharton students. </p>
<p>Also, be careful with your words regarding that bottom 10% of Wharton and who comprises it.</p>
<p>And ilovebagels, while I may agree that some students may have had a better experience studying liberal arts, Wharton attracts certain types of applicants that I feel want the type of atmosphere the school brings.</p>
<p>and in what way would that make me jaded? unless you were just implying that i’m jaded in general, which would call to question how you would know this. i don’t think i know you, unless you’re that smelly elderly man who always follows me into the bathroom, and i don’t think he goes to penn</p>