The Booth School of Business has earned a strong reputation with prospective applicants given its analytical approach and its location in downtown Chicago. The school’s unique curriculum which is taught by its world class faculty is the cornerstone of the program. Outside academics, the school provided endless extracurricular opportunities to ensure the personal and professional development of its students. Given its affiliation with the University of Chicago, the Booth School of Business has some solid offerings in the Finance and Strategy domains.
What’s unique about Booth?
- 125-year legacy: The Booth School of Business was founded in 1898 and since has committed itself to developing students who go onto become world class business leaders.
- Location in Downtown Chicago: Being in the vibrant downtown area in Chicago, the school provides unparalleled access to corporates, executives, entrepreneurs, and global thinkers given its unique location. The cosmopolitan nature of the city and its amazing food scenes are something to die for.
- Strong Quant Focus: The school is known for its analytical curriculum and its strong focus on quant which helps students become strong analytical thinkers and key decision makers.
- Multidisciplinary curriculum: The unique curriculum at Booth enables students to pursue courses and offerings that fit their career aspirations and personal interests. Unlike most other MBA programs, the Booth curriculum does not require students to go through classes together in the first year.
- LEAD (Leadership Effectiveness and Development): An experiential MBA leadership development course, the LEAD course helps students evolve their leadership skills through active training and mentorship. With a tailored development plan, this course helps students groom their ability to lead teams.
- ‘Paying-It-Forward’ culture: One of the most collaborative communities, the school has a strong tradition of ‘Paying-It-Forward’ where one the incoming class is extensively mentored by the second years. This culture extends even after graduation making all Boothies accessible to current students.
Class Profile
Academic Statistics
| Class of 2024 | |
|---|---|
| Class Size | 637 |
| Applications Submitted | 4,184 |
| Average GPA | 3.6 |
| Average Age | 28 |
| International Students | 49% |
| Countries Represented | 54 |
| Female Students | NA |
| Average GMAT | 700+ |
| Average GRE (Verbal / Quant) | 162/163 |
| % Reported GRE | 31% |
| Average Work Ex | 5 years |
Top Employers
| Employer | Number of Hires |
|---|---|
| McKinsey & Co | 71 |
| Boston Consulting Group | 52 |
| Bain & Co | 30 |
| Amazon | 17 |
| Goldman Sachs | 15 |
| Citigroup | 12 |
| Morgan Stanley | 9 |
| PwC Strategy | 8 |
| Kearney | 6 |
| Alpine Investors | 5 |
Career Outcomme
| Top Functions | % of Hires | Median Salary |
|---|---|---|
| Consulting | 39% | $192,000 |
| Investment Banking | 15% | $175,000 |
| Product Management (Tech) | 9% | $165,000 |
| Private Equity | 8% | $169,000 |
| Corporate Strategy | 4% | $150,000 |
| All Others | 24% | N/A |
Chicago Booth School of Business admission insights
Wеlcomе to Chicago Booth’s MBA application walkthrough, where will guide you through every step of the process. Our comprehensive guide, brought to you by our tеam of MBA application consultants, will providе dеtailеd instructions, еssay guidеlinеs and samplеs, and insidеr tips to hеlp you craft a standout application. Whether you’re sееking application essay editing services, businеss school admission assistancе, or MBA intеrviеw prеparation, our experts have you covered. Let us be your trustеd companion as you navigatе thе compеtitivе landscapе of MBA admissions. Gеt ready to еmbark on your journey towards sеcuring a spot at Chicago Booth School of Businеss! Our MBA admissions еxpеrt tеam is dеdicatеd to making your application journey less stressful and morе succеssful. With our admission consulting sеrvicеs, you’ll bе empowered to showcase your unique talents and ambitions in a compеlling manner.
Our MBA application consultant team will utilize their expertise to strategically position your profilе, helping to еlеvatе your application abovе thе rеst. With us by your sidе, you’ll not only achiеvе your goal of admission to Chicago Booth but also rеalizе your full potential. Our MBA admissions еxpеrt is ready to support you еvеry stеp of thе way, offering insightful fееdback and guidancе throughout thе еntirе procеss. With our admission consulting sеrvicеs, we turn daunting tasks into managеablе stеps, making thе journey towards your MBA smoothеr and morе rеwarding. In your arsеnal, you’ll have an MBA application consultant providing pеrsonalizеd guidancе, an admissions еxpеrt offering a wealth of knowledge, and an MBA intеrviеw prеparation consultant polishing your intеrviеwing skills. This holistic support structure is designed to ensure your success in each phase of thе application procеss.
Chicago Booth MBA Program Application Guide
Chicago Booth School of Business is well-renowned for its offering of rigorous class work, research, and analysis. If you plan to be admitted to its premier MBA program, you need the right start to have an edge over the competitors who will apply for it.
This short guide describes how and when one can join the Booth community and how the program can help define the road to achievement and meaningful change.
What is the Chicago Booth School of Business MBA Program acquiring rate?
Overall, 4,184 students competed for a place in the class of 2025 at Chicago Booth, yet they only offered a shot to 15.2 percent of the applicants, out of which 637 students joined.
Reference: https://admitexpert.com/blog/chicago-booth-school-of-business/
What is the Chicago Booth MBA Cost?
The standard cost of attendance includes tuition and MBA fees, books, rent, food, personal expenses, transportation, and a computer allowance.
2024–25 Estimated Cost of Attendance (Three Quarters / Nine Months)
Category | MBA Class of 2026 | JD/MBA Accelerated | MPCS/MBA ADS/MBA | BioMed/MBA | MD/MBA |
Tuition | $84,198 | $122,823 | $92,619 | $87,357 | $112,263 |
Student Services Fee | $1,452 | $1,452 | $1,452 | $1,452 | $1,452 |
Administrative Service Fee (first year only) | $3,000 | $0 | $3,000 | $3,000 | $3,000 |
Lifetime Transcript Fee (one-time fee charged in fall of the first year) | $78 | $78 | $78 | $78 | $78 |
Books and Course Materials | $549 | $1,788 | $549 | $549 | $549 |
Housing & Food | $26,010 | $19,593 | $26,010 | $26,010 | $26,010 |
Misc. Personal Expenses** | $7,250 | $8,438 | $7,250 | $7,250 | $7,250 |
Transportation | $1,800 | $2,671 | $1,800 | $1,800 | $1,800 |
Computer Allowance (first year only) | $1,600 | $0 | $1,600 | $1,600 | $0 |
Total*** | $125,937 | $156,841 | $134,358 | $129,096 | $152,402 |
Reference: https://www.chicagobooth.edu/mba/full-time/admissions/cost
Does Chicago Booth offer loans and scholarships?
Thus, to facilitate that initial investment, Chicago Booth provides part-time MBA scholarships, federally granted loans for US citizens and permanent residents, privately arranged loans for domestic and international students, and facilities for veterans. Further, they guarantee your tuition at the rate you joined for four successive years. Here’s a look at the options.
Scholarships and Financial Aid
Chicago Booth Merit-Based Awards: Chicago Booth provides scholarships to several learners in the Evening MBA and Weekend MBA programs based on merit offered by its alumni. There is no need for other applications; your MBA application determines your scholarship status. The award amount varies; students learn about it two to three weeks prior.
Forté Foundation Fellowship: Forté Foundation Fellowship is given to students who have done exemplary work with their class, team, community, or creativity leadership. Also, they dedicate themselves to fostering and promoting women’s entrepreneurship; the financial prize is different depending on the winners; they will be involved in recruiting the Forté Foundation and Admissions.
Kilts Marketing Fellowship: This fellowship is provided to students pursuing a marketing career and planning to concentrate on marketing management. The award includes mentorship from senior marketing executives. No additional application is required.
Yellow Ribbon Program: The Post-9/11 Veterans Educational Assistance Act of 2008, also known as the Yellow Ribbon Program, is found at the Chicago Booth. It allows the institution of higher learning in the United States to reclaim tuition fees beyond the highest public in-state undergraduate rate. The awards from Yellow Ribbon are not scholarships. This is available for the veterans at the Chicago Booth who qualify under the Veterans Affairs guidelines. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar.
Civic Scholars Program: This scholarship is mainly designed for those impact-driven professionals committed to public sector careers. It offers full-tuition scholarships for Evening MBA and Weekend MBA applicants. In addition to financial support, Civic Scholars become part of a cohort-based community with exclusive programming designed by the Rustandy Center for Social Sector Innovation and benefit from mentorship by the program’s faculty directors. The candidates are qualified to begin their application for the autumn quarters, and selected ones will receive a Civic Scholars award.
The University of Chicago Obama Foundation Scholars Program: Applicants for this program are mainly those undertaking their one-year program in any of the respective institutions and those in their last year at Chicago Booth, Crown Family School, or Harris School. Here, an interdisciplinary group of promising and eligible scholars from Chicago Booth will be gathered to receive relationships, skills, education, and perspectives to address real-life challenges.
Loans for US Citizens and Permanent Residents
U.S. citizen or permanent resident Evening MBA and Weekend MBA students may examine the following loans.
Direct Unsubsidized Loan: This federal student loan is available to US citizens and permanent residents who take at least 200 units each term. It is not credit-based and has a fixed interest rate. The annual borrowing limit is $20,500.
Direct PLUS Loan: This credit-based federal loan supplements the Direct Unsubsidized Loan. It is available for US citizens and permanent residents who enroll in at least 200 units each quarter, and the interest rate is fixed. Students can borrow as much as the cost of tuition that Booth Financial Aid recognizes, less any other form of finance.
Private, Credit-Based Alternative Loans: Students can apply for these loans. Specifically, students can go for Private Credit-Based Alternative Loans; candidates can fund up to the cost of attendance and chapter out any aid in Booth Financial Aid. The lender sets private loan terms.
Student Loans for Part-Time MBA International Students: This loan is for students with access to a US cosigner and those without—with multiple lending options in the private student loan market. Admitted students have more detailed information regarding these loans and programs.
Reference: https://www.chicagobooth.edu/mba/part-time/admissions/scholarships-and-aid#:~:text=To%20help%20you%20make%20that,international%20students%2C%20and%20veterans%20benefits.
What are the requirements to do an MBA from Chicago Booth?
- Application Checklist
- Online Application
- Essay Questions
- Professional Resume
- Two Letters of Recommendation
- Transcripts
- GMAT or GRE Score
- TOEFL, IELTS, PTE, or Duolingo Scores (International Applicants Only)
- Application Fee
Reference: https://www.chicagobooth.edu/mba/full-time/admissions/how-to-apply
Chicago Booth MBA Deadlines?
Students who wish to join the Chicago Booth full-time MBA Program must submit their applications by these dates.
Round | Submission Deadline | Decision Notification Date |
One | September 19, 2024, 11:59 p.m. CT | December 5, 2024 |
Two | January 7, 2025, 11:59 p.m. CT | March 27, 2025 |
Three | April 3, 2025 11:59 p.m. CT | May 22, 2025 |
Chicago Booth Scholar | April 29, 2025 11:59 p.m. CT | July 1, 2025 |
Reference: https://www.chicagobooth.edu/mba/full-time/admissions
What rankings does the Chicago Booth MBA have?
Among the 124 best business schools, the University of Chicago (Booth) is third (tie) and first among 269 in Part-Time MBA Program. All schools were compared based on their performance in several well-defined success parameters.
Chicago Booth by the Numbers:
- Global Ranking: #3 (current ranking for MBA programs globally)
- Class Composition: 1307 enrolled.
- Class Size: The percentage of women is 41.1%, 31% Minority Enrollment, 36.4% International, 29.6% White, 18.3% Asian.
Reference: https://www.usnews.com/best-graduate-schools/top-business-schools/university-of-chicago-01073#:~:text=University%20of%20Chicago%20(Booth)%202024,269%20in%20Part%2Dtime%20MBA.
How much does it cost to pursue the Evening and Weekend MBA Program?
Evening MBA Program
The Chicago Booth Evening MBA Program is designed for those who want to progress in their career and get the World’s best Evening MBA degree, holding a full-time position. The target group is primarily individuals working in Chicago or nearby cities.
Weekend MBA Program
Working people from the Chicago region and nationwide attend the world’s top weekend MBA program. Seventy-seven percent of Weekend MBA students travel to Illinois from other states to attend classes. All MBA Booths can participate with the same professors and get the same outstanding education. They also offer Friday and Saturday evening seminars in downtown Chicago.
Reference: https://www.chicagobooth.edu/mba/part-time/evening, https://www.chicagobooth.edu/mba/part-time/weekend
What is the Chicago Booth Executive MBA tuition?
The executive MBA Program costs include program tuition and fees, course textbooks, educational materials, and meals.
Below is the full cost of the program in Chicago. Please note that Chicago Booth has also provided estimates for indirect costs (housing and food, personal expenses, and transportation) and the tuition and fees paid to them.
Per Quarter COA Components for Students at the Chicago Campus:
Breakdown of payments to Chicago Booth:
Tuition | $25,869 |
Program Fees | $4,202 |
Estimate of possible additional personal costs:
Housing and Food Your program fees cover hotel accommodations outside the sessions and most meals during class days. | $3,693 |
Misc. Personal Expenses | $750 |
Transportation Students are responsible for transportation to and from campuses. For this global program, flight costs will vary depending on your home region. | $2,014 |
Paying Your Bill
Once admitted to Booth, the campus admissions team will contact you about a deposit to hold your seat in the class. After that, you will be billed in seven equal installments over 21 months.
Reference: https://www.chicagobooth.edu/mba/executive/admissions/cost
Why Choose Chicago Booth School of Business?
Select Chicago Booth School of Business for academic challenges, world-class professors, and some world-class MBA programs to suit your needs. Focusing on utilizing data, Booth prepares you to tackle various mission and vision-oriented difficulties. This makes it a melting pot for an active community, a window to landing career opportunities, and the right environment for transformational learning. Whether it is growth, a change of path, or starting your own business, Booth provides the tools to set and sustain meaningful change.
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