Chicago Booth Class Profile: Values & Culture Draw Expanded Class
Chicago Booth’s class profile for the MBA Class of 2022 is not only larger overall than previous years, but also represents more students from more diverse backgrounds as well. This year’s incoming class numbers 621 at a school where historically the class size has been under 600. This year, the school also introduced an accelerated JD/MBA dual degree program that has enrolled 14 of the incoming students.
Here are some key elements of the profile:
|Average Undergraduate GPA||3.6|
|Percent majoring in arts, humanities, social sciences||13%|
|Percent majoring in science, technology, engineering, and math||31%|
|Percent majoring in business||28%|
|Average GMAT Score||724|
|GMAT Score Range||600 – 780|
|GRE Quant Average||163|
|GRE Quant Range||154 – 170|
|GRE Verbal Average||161|
|GRE Verbal Range||152 -170|
|Percent Submitting GRE Scores||17%|
|Countries Represented (by citizenship)||56|
|Average Work Experience||5 years|
Thirty percent of the class are international students, representing 56 countries. A total of 42 percent of the student body was born outside the United States. Chicago Booth partnered with peer schools to promote MBA programs in Africa and as a result, the number of students with citizenship from African countries doubled this year.
“We put a lot of thought into how to articulate what the Booth experience uniquely offers and how our flexible environment is designed to set up every individual for immediate and sustained success, across a wide variety of professional pursuits,” says Donna Swinford, Associate Dean for Student Recruitment and Admissions, MBA Programs. “And our ability to be clearer about our values, our culture, and how we support students, is continuing to resonate with more and more applicants worldwide.”
Women and Minority Representation
Thirty-eight percent of the class are women, representing a smaller percentage due to the size of the class, but a larger number of women over last year’s total.
This year, Chicago Booth is joining many schools in multi-dimensional reporting of U.S. minority students, delivering a more detailed breakdown of race and ethnicity in the MBA program. Forty-three percent of the class are U.S. minorities. Federal reporting shows that 22 percent of the class is Asian American, 5 percent are African American, 11 percent Hispanic, and 4 percent reported multi-race. The multi-dimensional reporting allows students to be counted as each race or ethnicity they represent, revealing that 1 percent of the class is Indigenous North American, Hawaiian, or Pacific Islander, and increasing the African American student population to 7 percent.
Professional and Academic Background
The incoming class brings undergraduate degrees from 256 institutions. Twenty-eight percent earned their undergraduate degrees in business, 24 percent in economics, and 21 percent in engineering. Thirteen percent came with a liberal arts degree and 10 percent with a degree in the physical sciences. Nineteen percent of students already have a graduate-level degree.
Twenty-five percent of the class worked in consulting before coming to Booth, and 20 percent were in financial services. Eleven percent worked in technology, 10 percent in government and non-profit, 8 percent in venture capital, and 5 percent came from the healthcare industry.
The school has been actively working to increase the number of military veterans enrolled in the MBA program and has seen 300 percent growth since 2006. This year, 8 percent of the incoming class are veterans.
“The main thing that jumps out is how resilient this class is,” Swinford added. “This year presented unique challenges we never could have anticipated. The Class of 2022 has confronted those challenges head-on, starting their Booth MBA with spirit, excitement, and ambition to achieve the professional goals they set out to accomplish.”