Philadelphia, the city of brotherly love, is a fantastic place to spend your two years at business school. Even though the city is very large, the majority of the action takes place in Center City, where all the MBA students live. Because of a real social center, the city is very conductive in creating a strong and cohesive MBA community.
Moreover, the city provides many great spots for dining, having a drink, and clubbing. Philadelphia also hosts one of the world's best philharmonic orchestras and top-shelf art collections at the Art Museum. Old City is a beautiful area that boosts the city's great historic heritage.
Restaurants: Philadelphia hosts a wide range of really great restaurants. Whether you like simple, yet high quality Italian cuisine, hip Mexican food while enjoying a margarita, or upscale French dinner it's all available. Another great tradition of Philadelphian restaurants is BYOB (bring-your-own-bottle). Many places allow you to bring your own bottle of wine or in some instance, tequila (which they use to mix your margarita!).
Bars and night clubs: From the very exciting Old City, crowded with many different clubs to the great atmosphere around Rittenhouse square, Philadelphia offers great places to have a drink with your friends or dancing all night. Locations vary widely, from the traditional American sports bar, to hip lounge places or fancy night clubs.
Please have a look here for more information on Philadelphia:
http://www.gophila.com/
http://www.zagat.com/zagatsearch/zagat_philadelphia.html
http://www.10best.com/Philadelphia/
http://www.philadelphiausa.travel/
http://www.phillyfunguide.com/
http://www.philly.com/