^ Despite that, I'd be quite surprised if Wharton's admit rate actually rose for the Class of 2014. Overall, Penn had over 4,000 more applications for the Class of 2014 than for the Class of 2013, and accepted about 200 fewer applicants for the Class of 2014 than were accepted for the Class of 2013. I find it hard to believe that Wharton didn't get at least SOME of those additional applicants.
And the world spins madly on. Honestly, why do people make such a big deal over assigning a number to everything? There is no best, no worst; it's all too subjective. No matter what school you go to, from community all the way to Ivy League, you will find people who are smarter than you. You will have unforgettable, wonderful experiences. If a school's admit rate suddenly jumped to 100%, but the education didn't change, who cares? Everyone, not just gugopo (who is doing a great job making an ass out of everybody), needs to spend less time scouring the internet for scraps of information which help validate your personal choice. Just be happy, optimistic, and open-minded.
^^ would you like to be the one to explain why my family is pushing bankruptcy to pay for Penn?
Also, a degree is a correction to information asymmetry. A degree from Wharton (vs community college) marks you as special, as an over-achiever. Your GPA puts you into "to interview pile" or the other one. It's all about being able to convey information quickly.
The information on the website is not entierly clear. The figure they post for application is application to Wharton only and not the dual degree kids (4443) - I'm 100% certain about that, but the figure for the number of students accepted is for both Wharton and the dual degree kids. The application volume with the dual degree kids was around 5500 last year and is probably around 600 or more this year though that figure has not been released.
So, if they're 120-150 dual degree kids, that leaves just around 340-360 Whartonites. That gives us an acceptance rate of ~ 7 or 8%.
Plato, it is probable that the 487 admitted to Wharton, as shown in the class profile, does not include the dual degree candidates. With a total of 2406 students, Wharton has an average class sized of 600. The 487 admitted likely result in maybe 350 enrolled. Obviously the freshman class is much larger than this. I believe the 11% admit rate for Wharton [and 19.3% for the other 3 colleges] is accurate.