<p>There is no PRACTICAL difference in terms of grad school admissions.</p>
<p>This thread is insanely long for absolutely no reason! They are both great schools. Go to Penn if you ONLY want to study finance and don’t mind hanging out with competitive, pre-professional types. Go to Yale if you want to have a broader education (e.g. econ, not finance), love the res college system, and/or want to hang out with a greater diversity of people.</p>
<p>As for what school is “better” for finance or MBAs, to reiterate, there is NO PRACTICAL DIFFERENCE.</p>