Students should note the following policies regarding taking courses pass/fail:
- Wharton students may not choose to take a course pass/fail in their first semester at Penn.*
- Students may take a maximum of three courses on a pass/fail basis.*
- Students may take no more than one course pass/fail in a given semester, with the exception of seniors in their final semester, who may take two courses pass/fail if they have only used one pass/fail option to date.
- Courses taken pass/fail can only count toward the General Education Distribution, Non-Business Electives, or Unrestricted Electives categories.
- All three Global Environment or Cross-Cultural Perspectives courses and second-concentration courses counting as Unrestricted Electives must be taken for a grade.
A grade of D or better in a course taken pass/fail will appear on the transcript as a P, denoting a pass. F will appear on the transcript for a failing grade. Ps do not figure into the GPA; however, Fs are included in the GPA. Instructors are not made aware of the grade type of a course.
* This policy does not include courses that are graded pass/fail by default, like Wharton 101.