Business school profiles

Explore our insights on what each MBA program
has to offer, along with the latest facts and stats.

 

About The School

When a business school ranks #3 in the FT and US News, many hundreds of MBA hopefuls will apply to the school in the hope of securing their place in one of the world’s best business schools. But Chicago Booth is not for everybody.

An integral part of a university that is very clearly focused on research, including the free market theory developed by the famous “Chicago School,” Booth thrives on a culture of inquiry and innovation. The Admissions Committee is looking for individuals who like to challenge conventional wisdom, and thrive in situations where they take the lead in solving problems.

The MBA program sets itself apart by having a total flexibility in its curriculum. The school assumes that a graduate student knows what he or she is looking for in an MBA, and enables students to specialize in the areas that will help them pursue their future business life. This philosophy is a driving force of Chicago as a whole, and extends to the faculty, who are left to choose their pedagogical methodology. Chicago Booth is for students who know where they are going, are ready to go a step further in their chosen discipline, and want to be challenged with the theories and ideas of tomorrow.

Strengths And Specializations

Finance, Economics, Accounting, Entrepreneurship, Organizational Behavior, Strategy

Incoming Class

Number of Applicants: 4,909

MBA Class Size: 621

Tuition: $146,880

Post-MBA Careers

Sector: Financial Services 30.3%; Consulting 38.2%; Technology 16.3%; Starting Own Business 2.6%

Top Recruiters: McKinsey, Amazon, BCG, Bain, Accenture, Morgan Stanley

Avg salary: $150,000

Salary Increase: 123%

Employment in 3 months: 92.8%

MBA Rankings 2012 2013 2014 2015 2016 2017 2018
BusinessWeek 1 3 2 4 4 5
Financial Times 12 10 9 9 8 9 4
Forbes 2 6 7
The Economist 1 1 1 1 1 2 1
 Us News  4  6  4  4  2 3 1

Admissions

Avg. Age: 28

Avg. GPA: 3.6

Avg. GMAT: 724

Int’l Students: 30%

Female Students: 38%

Deadlines for 2020-21: R1: Sept 24, 2020, R2: Jan 12, 2021, R3: Apr 01, 2021

*Deadlines for Class of 2023 TBD.

Sources: Chicago Booth, BusinessWeek, Financial Times, US News, MBA50

Essays (2020-2021)

Essay #1. How will the Booth MBA help you achieve your immediate and long-term post-MBA career goals? (250 word minimum)

Essay #2. An MBA is as much about personal growth as it is about professional development. In addition to sharing your experience and goals in terms of career, we’d like to learn more about you outside of the office. Use this opportunity to tell us something about who you are. (250-word minimum)

View our team’s advice on tackling the Chicago Booth MBA Essays.

You can also request your free copy of our Insider Tips Report for applying to Chicago Booth.

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