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The University of Chicago Booth School of Business

University of Chicago Booth School of Business (Booth) MBA Essay Topic Analysis

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.

u chicago mba finance

FAQ

What is the tuition for Booth's MBA program?

The tuition for Booth’s MBA program is $74,919 per year. The total cost of the Booth MBA program is $111,855 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 732.

What is the average GMAT score for admission to Booth’s MBA program?

The average GMAT score for the incoming class at Booth is 732. The GMAT range is 590 to 790.

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 2023 were: 162 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 median starting salary for graduates of the Booth MBA program?

The median starting salary for Booth MBA graduates is $150,000. 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 22, 2022. The Round 2 application deadline is January 5, 2023. The Round 3 deadline is April 11, 2023. The Chicago Booth Scholars deadline is April 11, 2023.

What percent of Booth MBA students are women?

The percentage of the class at Booth that are women is 42%.

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.


Admissions

The Class Profile

Chicago Booth’s Class of 2023 is comprised of 620 students. Twenty-eight percent of Chicago Booth’s Class of 2023 pursued degrees in business during their undergraduate studies, while 24% each studied economics or engineering. Nearly 12% had majored in liberal arts and 9% in physical sciences. Upon matriculation at Chicago Booth, students averaged 28 years in age with five years of full-time work experience. Twenty-three percent of the class came from the consulting industry. Financial services was the next most popular pre-MBA career choice, at 20% of students’ experience. Twelve percent came from the tech industry and another 11% had worked in government/non-profit. Others gained pre-MBA work experience in private equity/venture capital, energy, health care and other industries.

Eighty-two percent of incoming Booth MBA students took the GMAT and their average score landed at 732. Eighteen percent had taken the GRE, and those test takers averaged 163 Quant and 162 Verbal scores. In total, 39% of students in the Class of 2023 are international, 42% are women and 44% identify as a member of a U.S. minority group; students hail from 56 countries overall.

Application Procedures

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.

Application Checklist

  • 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

Need help with your essays? Get our experts' advice.

Booth MBA Essay Questions & Analysis 2022-2023

The following essay topic analysis examines the Chicago Booth MBA essay questions for the 2022-2023 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 2022-2023 Booth MBA Essay 1 How […]


Recommendation Questions

Find out what top MBA programs ask recommenders.

Chicago Booth MBA Recommendation Questions

The Chicago Booth MBA application is now live, meaning that the Booth MBA recommendation questions for the 2022-2023 admissions season are now available for applicants and recommenders. Applicants must provide two letters of recommendation, one from a current supervisor, and one from someone who has worked with you in a professional capacity, organization or club, or volunteer […]

Interview Reports

Chicago Booth MBA Interview Questions & Report: Round 2 / Alumnus / Virtual

I wore business professional / formal attire with a tie, but the interviewer works in tech, so he was quite casual. He introduced himself and then asked if I had any questions, I really didn’t have any at that point and said I was just excited to get started. The questions were asked in a […]

Chicago Booth Interview Questions & Report: Round 2 / Alumni / Virtual

Was a really engaging interview. Started off with a bit about himself, then introduced myself and we had some conversations on some of my academic awards and projects I had worked on as part of my job. Then got into the Q&A bit, which was less conversational. 1) Why MBA? Why Booth? 2) One way […]

Chicago Booth Interview Questions & Report: Round 2 / Second-Year Student / Zoom

Overall the interview was quite conversational and the questions were super standard: Why MBA? Career goal and why Booth? What did you research about Booth? What will you contribute to Booth? A time when you had to prioritize? What are the roles you play in teams? The conversation lasted about 30 mins and was followed […]

Chicago Booth Interview Questions & Report: Round 2 / Alumnus / Virtual

Resume Based. Interviewer was a grad from 2014. Only went for 25 minutes and felt extremely rushed compared to previous interviews. I was surprised when the interviewer did not ask one single behavioral based question (tell me about a time when). It started off with her telling me about her background and career pivot post […]

Chicago Booth Interview Questions & Report: Round 1 / Second-Year Student / Zoom

Booth Interview Questions: 1. Introduce yourself. 2. Career goals & Why MBA? 3. Why Booth? 4. A situation where you brought people together. 5. A situation where you pushed forward an idea. 6. A situation where you changed your perspective. 7. A situation where you realized you need help. 8. Talked about personal development (follow-up […]

Chicago Booth Interview Questions & Report: Round 1 / Second-Year Student / Zoom

The interview was conducted thru Zoom with a second-year student. The student seemed to have a set of questions to ask and then proceeded to follow up depending on my response. 1) Can you go introduce yourself? 2) Why an mba? 2) Why booth? What specifically does Booth offer you that you are looking for? […]

Chicago Booth Interview Questions & Report: Round 1 / Second-Year Student / Zoom

I benefitted a lot from reading reports myself, so figured I’d pay it forward! Overall, my interview was very friendly and engaging. I was super pleased with how it went – although obviously that’s just from my side of the table and the interview is really just one component of the application. Interview was resume-based […]

Chicago Booth Interview Questions & Report: Round 2 / Second-Year Student / Zoom

The interview was conversational like all the other reports. I suspect the Booth interviews vary a bit depending on who you get as the interviewer. I was expecting more questions around “Why MBA, Why Booth, Goals etc.” from the other reports, but the majority of the interview time (30+mins) was spent on behavioral questions in […]

Chicago Booth Interview Questions & Report: Round 2 / Alumnus / Zoom

The interview was conversational and resume-based and lasted for about 40 minutes. The interviewer, who is based in my country, was about 10 minutes late, so the interview didn’t start as smoothly as I was hoping it to start, but I remained calm and understood the situation as life happens. Other than that, the interviewer […]

Chicago Booth Interview Questions & Report: Round 2 / Alumnus / Zoom

The interviewer set the tone from the beginning that it would be “casual” and not a business interview. We started out with small talk for ~5-10 minutes and he gave background on himself as well as a few of his fondest memories at Booth. -Tell me about yourself. -Follow up questions on my job. -Why […]

Chicago-booth Q&As

Admissions Director Q&A: Donna Swinford of Chicago Booth

This Admissions Director Q&A is all about Chicago Booth admissions, as Donna Swinford discusses the review process, essays, interviews and much more about the MBA program. Swinford has been at Booth since 1997 and joined the office of Admissions in 2005. She’s seen the admissions process at Booth from pretty much every angle over the […]

Admissions Director Q&A: Donna Swinford of Chicago Booth

We are excited to discuss MBA admissions at Chicago Booth with the Associate Dean for Student Recruitment and Admissions, Donna Swinford, in this Admissions Director Q&A. Swinford has been at Booth since 1997 and joined the office of Admissions in 2005. It’s safe to say she’s seen the admissions process at Booth from pretty much […]

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 […]

Stats

Class Size620
Female42%
Mean GMAT732
Mean GPA3.6

Contact

Mailing Address:
The University of Chicago Booth
School of Business
5807 South Woodlawn Avenue
Chicago, IL 60637
Phone: 773-702-7369
Fax: 773-702-9085
Email: [email protected]
Web: www.chicagobooth.edu
Blog: http://blogs.chicagobooth.edu/blog/Booth_Insider/boothinsider?redirCnt=2&=
Twitter: @ChicagoBooth

U. Chicago Booth LiveWire and DecisionWire

MBA LiveWire for U. Chicago Booth

Application results in real time, submitted by site visitors.
September 23, 2022 10:10am
Appliedvia portal.
GPA: 3.37.GMAT: 770.
September 5, 2022 11:00pm
Appliedvia portal.
GPA: 3.8.GMAT: 720.Canada.
May 27, 2022 5:12am
Acceptedvia portal.
GMAT: 710.Colombia.
May 26, 2022 4:12pm
Accepted from Waitlistvia email.
GPA: 3.3.GMAT: 760.New York.
May 26, 2022 3:05pm
Acceptedvia email.
GPA: 3.1.GMAT: 740.New York.

MBA DecisionWire for U. Chicago Booth

Klg
Klg
Chi
Enrolled: U. Chicago Booth
Admitted: U. Chicago Booth, MIT Sloan
GMAT: 770
Post-MBA Career: Private Equity
Klg
Enrolled: Northwestern / Kellogg
Admitted: U. Chicago Booth, Michigan / Ross, Northwestern / Kellogg, UVA / Darden
GMAT: 760 GPA: 3.4
Post-MBA Career: Private Equity
Tuc
Enrolled: Dartmouth / Tuck
Admitted: U. Chicago Booth, Dartmouth / Tuck, ESADE, HEC Paris
GMAT: 730 GPA: 3
Post-MBA Career: Consulting

Academics

Faculty

Chicago Booth employs nearly 260 faculty members, 130 of whom are in tenure-track positions. These faculty members teach across 11 academic areas and contribute to Chicago Booth’s 13 research centers and initiatives, whose missions range from fostering entrepreneurship to interpreting Chicago Price Theory.

Curriculum

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 seven out of eight categories: finance, marketing, operations, decisions, people, strategy, economy, and society. 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 10 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

  • Accounting
  • Analytic Finance
  • Behavioral Science
  • Business Analytics
  • Econometrics and Statistics
  • Economics
  • Entrepreneurship
  • Finance
  • General Management
  • International Business

Degree Offerings at Booth

Full-time MBA Program
https://www.chicagobooth.edu/mba/full-time

Evening MBA Program
https://www.chicagobooth.edu/mba/part-time/evening

Weekend MBA Program
https://www.chicagobooth.edu/mba/part-time/weekend

Executive MBA Program
https://www.chicagobooth.edu/mba/executive

Joint Degree Programs
MBA/MPP, MBA/JD, MBA/MD, MBA/AM, MBA/MA, MBA/MPCS, Certificate in Health Administration & Policy
https://www.chicagobooth.edu/mba/joint-degree

Campus Life

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 Booth Insights.

Campus Spaces

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.

MBA Careers

Career Services

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 200 companies to campus. First-year students looking to find summer internships start their recruiting process in October with Meet-and-Greets and corporate networking nights, 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 corporate networking nights in September. Second-year interviews are then conducted on campus in October.

Career Statistics

Of the nearly 500 students of the Class of 2021 seeking employment, approximately 93% had received job offers within three months of graduation. The median starting salary for Chicago Booth graduates was $150,000.

Approximately 28% of the Class of 2021 joined the finance industry, with 8% of that group entering investment banking and brokerage. Another popular industry for Chicago Booth 2021 graduates was consulting, which claimed 34.9% of graduates. Just over 21% pursued work in the technology industry while approximately 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, just over 30% of the Class of 2021 found work in the Midwestern U.S., and about 28% of that group remained in the Chicago metropolitan area. The West was the second most popular location for Chicago Booth graduates, with nearly 26% of the class starting their careers in the Bay Area, Seattle, or Los Angeles areas. About 7% of students pursued positions internationally, with the largest percentage of that group heading to Latin America and the Caribbean.

Financing

Chicago Booth’s 2021-2022 tuition is $74,919. With additional fees such as living expenses, health insurance and books, however, the estimated cost of attendance for nine months is $111,855. 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 $74,919
  • Student Services Fee $1,296
  • Fee (1st year only) $2,600
  • Lifetime Cred. Fee (one time) $75
  • Books $684
  • Rent & Utilities $22,185
  • Personal (includes health insurance) $6,852
  • Transportation $1,944
  • Computer (1st year only) $1,300
  • Total $111,855

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