The University of Chicago Booth School of Business
The University of Chicago Booth School of Business’s full-time MBA program is located on the University of Chicago’s main campus in the Hyde Park neighborhood, just seven miles south of Chicago’s downtown center, the Loop. Chicago Booth offers a two-year, full-time MBA program and part-time evening and weekend MBA programs, as well as an Executive MBA program and an International MBA option. Hallmarks of the Chicago Booth full-time MBA program include its extensive finance program and faculty, flexibility in curriculum and course scheduling, and broader international and experiential learning opportunities.
What is the tuition for Booth’s MBA program?
The tuition for Booth’s MBA program is $73,440 per year. The total cost of the Booth MBA program is $110,328 per year; this includes budgeted living expenses.
How hard is it to get into Booth’s MBA program?
The acceptance rate for Booth is 23.5% It is important to consider the acceptance rate in the context of the student profile of those who are admitted. For example the average GMAT score is 724.
What is the average GMAT score for admission to Booth’s MBA program?
The average GMAT score for the incoming class at Booth is 724. The GMAT range is 600 to 780.
Does the Booth MBA program accept the GRE?
Yes. The Booth MBA program has accepted the GRE for a few years now.
What is the average GRE score for admission to Booth’s MBA program?
The average GRE scores for the Booth MBA Class of 2022 were: 161 Verbal and 163 Quant.
What is the minimum number of years of work experience required for admission to Booth’s MBA program?
Booth does not state a minimum requirement for years of work experience. However, it is important for candidates to be aware that they are being considered against other candidates with an average of 5 years of experience.
What is the average number of years of work experience for admission to Booth’s MBA program? (or, What is the average age of a Booth student?)
The average number of years of work experience among students in Booth’s MBA program is 5. The average age of a Booth MBA student is 28.
What is the average starting salary for graduates of the Booth MBA program?
The average starting salary for Booth MBA graduates is $145,000 (median salary). The salary will vary by industry, with consulting and finance jobs generally commanding the higher salaries.
How long is Booth’s full-time MBA program?
Booth offers a traditional 2 year MBA program.
What are the application deadlines for Booth’s MBA program?
The Round 1 MBA application deadline is September 24, 2020. The Round 2 application deadline is January 12, 2021. The Round 3 deadline is April 1, 2021.
What percent of Booth MBA students are women?
The percentage of the class at Booth that are women is 38%.
What type of interview does Booth use for MBA admissions?
Booth offers interviews by invitation. The interviews are resume-based. This means the interviewer has not had access to the application materials.
The Class Profile
Chicago Booth’s Class of 2022 is comprised of 621 students. Twenty-eight percent of Chicago Booth’s Class of 2022 pursued degrees in business during their undergraduate studies, while 24% studied economics and 21% studied engineering. Thirteen percent had majored in liberal arts and 10% in physical sciences. Upon matriculation at Chicago Booth, students averaged 28 years in age with five years of full-time work experience. A full quarter of the class came from the consulting industry. Financial services was the next most popular career choice, at 20% of students’ pre-MBA experience. Eleven percent came from the tech industry and another 10% had worked in government/non-profit. Others gained pre-MBA work experience in private equity/venture capital, energy, health care and other industries.
Eighty-three percent of incoming Booth MBA students took the GMAT and their average score landed at 724. Seventeen percent had taken the GRE, and those test takers averaged 163 Quant and 161 Verbal scores. In total, 30% of students in the Class of 2022 are international, 38% are women and 43% identify as a member of a U.S. minority group; students hail from 56 countries overall.
Chicago Booth gives its applicants the choice of applying in one of three admissions rounds, which usually take place in late September, early January and early April. The application requirements for Chicago Booth include completing the school’s application forms and submitting essays, a résumé, two letters of recommendation, and unofficial college and graduate transcripts. Applicants must also report their GMAT and, when applicable, TOEFL/IELTS scores. Interviews are required for admission, and Chicago Booth holds interviews by invitation only. Interview invitations are extended approximately a month after the round’s initial deadline.
- Completed application with required personal background
- Completed essay questions
- Professional resume
- Two letters of recommendation
- Unofficial (scanned) transcripts from all post-secondary educational institutions attended. Note: Official transcripts are requested from admitted students only.
- GMAT or GRE score
- TOEFL, IELTS or PTE scores (international applicants only)
Note: TOEFL/IELTS/PTE scores are valid for two years.
- $250 application fee
Essay Topic Analysis
Booth MBA Essay Questions & Analysis
The following essay topic analysis examines the Chicago Booth MBA essay questions for the 2020-2021 admissions season. You can also review essay topic analyses for other leading MBA programs as well as general Essay Tips to further aid you in developing your admissions essays. Chicago Booth MBA Essay Questions & Analysis 2020-2021 Booth MBA Essay 1 How […]
Chicago Booth MBA Recommendation Questions
The Chicago Booth MBA application is now live, meaning that the Booth MBA recommendation questions are now available for applicants targeting Chicago for the 2020-2021 admissions season. 2020-2021 Chicago Booth Recommendation Questions Recommenders are asked to provide a bit of context on their backgrounds and relationship with the applicant, to rate the applicant’s skills and qualities via a […]
Chicago Booth Interview Questions & Report: Round 2 / Alumnus / Off-campus
Very casual interview, more behavioral in nature. Was not application based, interviewees are asked to send their resumes to the interviewer ahead of time. Asked about previous work experience, talked about some of the projects that I have worked on and interactions with team members. Asked about my goals and motivations for an MBA and […]
Chicago Booth Interview Questions & Report: Round 1 / Alumnus / Off-campus
The interview was blind and was conducted at a local coffee shop not far from my home. I received the interview invite during the last day of the invite release, and it took around 1 week to schedule the interview with an alumnus. From the start, it was clear that the interview was meant to […]
Chicago Booth Interview Questions & Report: Round 2 / Second-Year Student / On-Campus
I scheduled my interview during “Super Saturday,” the one Saturday that admissions offers interviews on the weekend. Because I was able to do so, I came Friday for Booth Live!, the all-day event for interviewees and prospective students including a lunch with students, mock class, Q&A panel with current students, leadership activity, and a happy […]
Chicago Booth Interview Questions & Report: Round 2 / Alumnus / Off-Campus
Took place in a hotel lobby off-campus. Very pleasant interview – alum graduated from Booth a few years ago and it was very much like a conversation. It was clear that the alum wanted to know me better – I had sent a resume and he’d clearly read through it beforehand and knew about my […]
Chicago Booth MBA Interview Questions & Report: Round 2 / Alum / Off-campus
It was a blind interview with an alumni, who graduated from Booth almost 10 years ago. She was working at a pharmaceutical company, so this helped her resonate with the examples I gave while walking through my resume. The interview was much more detailed that I expected and she probed me to elaborate on my […]
Chicago Booth MBA Interview Questions & Report: Round 2 / Alumnus / Off Campus Hub
The interview was very conversational. I really felt like the interviewer was genuinely interested in learning about my experience and asked many clarifying questions. The questions below are just what I could remember: He spent a few moments introducing his career and experience at Booth. Questions: How did you get to where you are today? […]
Chicago Booth MBA Interview Questions & Report: Round 1 / Alumnus / Off-Campus
It took place in a neighboring country as there wasn’t any interviewer in my city. I got to the cafe we agreed to meet 15 minutes before and picked the table I wanted. He brought a blank piece of paper on which he took actually quite detailed notes throughout the interview. A short chat about […]
Chicago Booth MBA Interview Questions & Report: Round 1 / Alum / Off-Campus
My interview was with a very senior alumnus in India. It was a blind interview and he had no access to my application. However, we spoke at length about my future goals. Questions were largely behavioural in nature – 1. What are your biggest professional achievements and failures? 2. Tell me about a time you […]
Chicago Booth MBA Interview Questions & Report: Round 2 / Alumnus / Off-campus
The interview with Booth was at Taj Land’s End – Bandra, Mumbai, India with a recent alum. The questions were very straight forward and conversational. Tell me about yourself why Booth why MBA He dug around some of my entrepreneurial experiences and motivations and also asked questions around my team interaction and leadership style. On […]
Chicago Booth MBA Interview Questions & Report: Round 2/ Alumnus/ Off-Campus
It was a very pleasant interview atmosphere at Booth. The interview was blind and conducted by an alum. Questions: Walk me through your background What are your goals — Follow up to this was what is your plan B if current goals don’t work out Why Booth What concentration would you want to specialize in […]
Admissions Director Q&A: Donna Swinford of Chicago Booth School of Business
In addition to being one of the Best Business Schools for Finance, the Chicago Booth School of Business also stands out for its culture of curiosity and a teaching style called The Chicago Approach. The educational philosophy of The Chicago Approach is about critical thinking—by understanding fundamental scientific disciplines, the resulting theoretical frameworks help define […]
Real Humans of MBA Admissions: Kurt Ahlm of the University of Chicago Booth School of Business
It’s that time again—where we offer insight into just who it is who’ll be deciding your fate in the upcoming MBA admissions season. This week we’re featuring Kurt Ahlm, associate dean for student recruitment and admissions at the University of Chicago Booth School of Business. Ahlm is a veteran in the admissions world, having started […]
Chicago Booth Admissions Director Reveals Origins of Unusual New Essay Prompt
The University of Chicago Booth School of Business has done it again. Seven years ago the school made waves when it invited applicants to respond to its essay prompts via PowerPoint presentation. This year, the school has decided to go even further—innovating on its prior innovation. Applicants now are instructed to select one of 16 photographs […]
Chicago-booth LiveWire and DecisionWire
Chicago Booth employs nearly 220 faculty members, 130 of whom are in tenure-track positions. These faculty members teach across 16 academic areas and contribute to Chicago Booth’s 12 research centers and initiatives, whose missions range from fostering entrepreneurship to interpreting Chicago Price Theory.
Professors utilize a mix of teaching styles at Chicago Booth, from case studies to lectures. Regardless of approach, the school prides itself on creating classroom environments that promote discussion and debate. The academic year is broken into seasonal quarters, which last an average of 12 weeks. Fall Quarter classes generally begin in late September and end by early December. Classes resume for the Winter Quarter in early January and conclude in mid-March. After a short break, Spring Quarter begins in late March and finishes by the first or second week of June. In the summer after their first year, students are encouraged to prepare for their post-MBA careers by completing summer internships in their desired fields.
Chicago Booth’s curriculum gives its students the flexibility to create their own tailored educational path from the start. While students must take one “foundation course” in each of three disciplines—Financial Accounting, Microeconomics and Statistics—students already well versed in the basics of these fields can choose more advanced alternatives to fulfill this requirement. Students must also take one course in each of six out of seven categories: finance, marketing, operations, decisions, people, strategy, and business environment. The sole required course that all students must take is the Leadership Effectiveness and Development (LEAD) course, which teaches students about successful leadership techniques and how to motivate others. LEAD starts with ropes courses and social events during first-year orientation; additional LEAD-associated classroom sessions and other activities are held throughout the rest of the year.
Once foundational requirements are met, students are then given the opportunity to take 11 elective courses to round out and deepen their education. Through their choice of electives, students may pursue one or more of the 13 offered concentrations, which vary in focus from entrepreneurship to strategic management. In addition, students are given experiential learning opportunities through the school’s lab courses, in which teams of students help companies resolve issues across industries such as social enterprise and clean technology. Booth also allows students to gain international exposure by studying abroad for a semester at one of the school’s 30 exchange partner schools.
Other MBA Degree Options
Along with its 21-month full-time MBA program, Chicago Booth offers Evening and Weekend MBA programs, which allow students to earn an MBA in about 2.5 to 3 years. The school also has an Executive MBA program for individuals at a more advanced stage in their careers. In July 2013, the school announced plans to relocate their Asia Executive MBA program’s campus from Singapore to Hong Kong. The Hong Kong Campus, where Booth professors teach MBA classes to corporate and organizational leaders from across Asia, North America and Europe, opened for the program’s summer quarter in June 2014. In addition to these part-time options, Chicago Booth partners with the larger University of Chicago to offer joint degrees in 10 different disciplines, including a JD/MBA with the Chicago Law School, an MPP/MBA with the Harris School of Public Policy Studies, an MA/MBA with the School of Social Service Administration, an MPCS with the Department of Computer Science, an MBA/Graduate Program in Health Administration and Policy, an MBA/MA in International Relations, an MBA/MA in Eastern European & Russian Eurasian Studies, an MBA/MA in Middle Eastern Studies, an MBA/MA in South Asian Studies, and an MD/MBA with the Pritzker School of Medicine.
Concentrations at Booth
Econometrics and Statistics
Degree Offerings at Booth
Full-time MBA Program
Evening MBA Program
Weekend MBA Program
Executive MBA Program
Joint Degree Programs
MBA/MPP, MBA/JD, MBA/MD, MBA/AM, MBA/MA, MBA/MPCS, Certificate in Health Administration & Policy
Clubs, Conferences & Competitions
Chicago Booth students have a variety of opportunities to get involved with the school community. The first such opportunity are the optional Random Walk trips, which are led by second-year students and take place in August before the first-year orientation commences. Past trips have taken place in Argentina, Jordan, Turkey, Nicaragua and South Africa, among many other locations.
Once on campus, there are over 70 student groups that students can consider joining, which cover everything from cultural affinity groups, such as the Hispanic American Business Students Association, to professionally oriented clubs like the Management Consulting and Investment Banking groups. Students can also explore their more personal hobbies or passions through groups focused on a variety of sports, the culinary arts, photography or volunteering.
Many of Chicago Booth’s student groups also contribute to the school’s events throughout the year. For example, each year the Entrepreneurship and Venture Capital Group puts on the annual SeedCon, which includes one day of fast-pitch competitions and keynote speeches for aspiring entrepreneurs. In addition, the Marketing Group hosts a one-day conference that gives participants the opportunity to learn from current marketing practitioners at companies such as Wrigley and Proctor & Gamble. Other popular conferences include the Management Conference and the Chicago Conversations Conference.
Located just east of the University of Chicago’s central quadrangles, the Charles M. Harper Center houses the full-time MBA program’s 11 classrooms, 31 group study rooms, student lounge, workstations and other resources, such as two Bloomberg terminals and a café. The Harper Center was designed by Rafael Viñoly and opened to the Chicago Booth community in 2004. Meanwhile, the Gleacher Center, located in “the Loop,” serves as the headquarters for the educational pursuits of part-time and EMBA students.
The University of Chicago does provide graduate students with the opportunity to apply for housing on or near campus. Students can apply to live in one of 1,300 units in 28 buildings, many of which accept students with families or pets. Students are also welcome to live off-campus; a majority of Booth students live in the Loop, and other popular neighborhoods include Lincoln Park and Wicker Park.
The Chicago Booth Career Services office provides many ways for students to develop professionally during their time at the school. These services include computer resources and tests to determine an individual’s potential fit with different industries, one-on-one job coaching with members of the office staff, résumé and cover letter workshops, and an on-campus recruiting schedule that regularly brings over 250 companies to campus.
First-year students looking to find summer internships start their recruiting process in October with On-Campus Corporate Conversations, which give potential employers the opportunity to present their organization to students. In early January, first-year students participate in on-campus interviewing in order to secure internship offers. The recruiting schedule for second-year students starts with On-Campus Corporate Conversations and corporate networking nights in September. Second-year interviews are then conducted on campus in October.
By graduation, roughly 91% of the Class of 2019 had received job offers and about 87% of the class had accepted positions. Within three months of graduation the latter percentage rose to nearly 95. The median starting salary for Chicago Booth graduates was $145,000.
Nearly 32% of the Class of 2019 joined the finance industry, with just over 10% of that group entering investment banking and brokerage. Another popular industry for Chicago Booth 2019 graduates was consulting, which claimed nearly 34% of graduates. Over 20% pursued work in the technology industry while just over 4% of the class entered the consumer products industry. Chicago Booth graduates also chose positions in healthcare products and services, energy, and education, among other industries.
Chicago Booth keeps with the general business school trend of placing a considerable percentage of its graduates in the region where the school is located. In this case, 29% of the Class of 2019 found work in the Midwestern U.S., and about 26% of that group remained in the Chicago metropolitan area. The West was the second most popular location for Chicago Booth graduates, with 22% of the class starting their careers in the Bay Area, Seattle, or Los Angeles areas. About 13% of students pursued positions internationally, with the largest percentage of that group heading to Latin America and the Caribbean.
Chicago Booth’s 2020-2021 tuition is $73,440. With additional fees such as living expenses, health insurance and books, however, the estimated cost of attendance for nine months is $110,328. Though the school does not provide need-based aid to incoming students, it does offer a number of merit-based scholarships and fellowships. All applicants are considered for these awards upon admission to the program; applicants do not need to fill out any additional forms or applications to become eligible for consideration. U.S. citizens and permanent residents can also avail themselves of four different loan programs, including the Federal Perkins Loan and Federal Stafford Student Loan programs. In addition, Chicago Booth provides loan programs for students that do not require U.S. co-signers, regardless of citizenship.
Estimated Cost of Attendance (per academic year)
- Tuition, 10 courses $73,440
- Student Services Fee $1,248
- Health Insurance $4,566
- Admin. Fee (1st year only) $2,600
- Lifetime Cred. Fee (one time) $75
- Books $684
- Rent & Utilities $22,185
- Personal $2,286
- Transportation $1,944
- Computer (1st year only) $1,300
- Total $110,328
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