<p>I don’t think it’s because of gaining or losing credits. It has to do with the vast prerequisites you have to complete if you want to transfer in as a Junior. Secondly, there are few spaces for incoming Juniors. I believe you can apply directly into Wharton as a freshman. </p>
<p>So let’s say there is a limit of 500 students. If Wharton accepts 400 then that leaves room for 100. Penn also allows CAS students to transfer into Wharton. Figure this adds another 60-70 students. That leaves you with the 30 or so spots. Of course those numbers were made up but you can see my point.</p>