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Chicago Booth MBA - An M7 Business School

Updated: Mar 18

Chicago Booth MBA applications for 2024 intake will open in July 2023. We will share the application requirements, deadlines and updates for the upcoming admission cycle. The application deadlines for Chicago Booth MBA 2024 are as follows:


Round 1 - September 21, 2023

Round 2 - January 4, 2024

Round 3 - April 4, 2024

Chicago Booth Scholars Deferred MBA Program - April 4, 2024


Is Chicago Booth good for MBA ?


The Booth School of Business at the University of Chicago is a well-known business school that is well-known for its MBA program and other academic programs in business. The Booth MBA program is widely regarded as a top-notch program that businesses hold in high regard. The Booth MBA program is ranked 3rd in the US and 5th worldwide in U.S. News & World Report's 2021 rankings of the finest business schools. The MBA program at the university is renowned for its demanding coursework, esteemed professors, and robust alumni network. The MBA program at Booth has a solid track record of putting its alumni in top-tier businesses all over the world, and its graduates are well-prepared for leadership roles in a number of industries and sectors. In general, an MBA from Booth is regarded as a wise investment since it may give students a solid foundation in leadership and business abilities and help them progress their careers. If you're thinking about getting an MBA, it's a good idea to look into and contrast several programs to choose one that aligns with your values and matches your personal and professional goals.


Is it hard to get into Chicago Booth MBA ?


The University of Chicago's Booth School of Business is a renowned business school that is well-known for its MBA program and other academic business programs. Booth University's MBA admissions process may be challenging, and the institution is typically regarded as selective. The school normally receives over 6,000 applications for its MBA program each year, and it enrols a class of about 700 students, according to the Booth website. This indicates that 12% or less of applicants are regularly accepted into the MBA program. A bachelor's degree from an authorized university, a solid academic record, and at least three years of work experience are all prerequisites for consideration for admission to the Booth MBA program. A GMAT or GRE score, transcripts, letters of reference, and a personal statement are also required of candidates in addition to these specifications. In general, the Booth MBA admissions process may be difficult, therefore it's critical for applicants to put together a solid and comprehensive application to improve their chances of getting accepted. It is a good idea to become familiar with the admissions requirements and to start putting together your application as soon as you decide to apply to Booth's MBA program.


Also Read about Columbia MBA


What GMAT score do I need for Chicago Booth ?


The University of Chicago's Booth School of Business is a renowned business school noted for its MBA curriculum and other academic business studies. Booth University's MBA admissions process may be challenging, and the institution is typically regarded as selective. The school normally receives over 6,000 applications for its MBA program each year, and it enrols a class of about 700 students, according to the Booth website. This indicates that 12% or less of applicants are regularly accepted into the MBA program. A bachelor's degree from an authorised university, a solid academic record, and at least three years of work experience are all prerequisites for consideration for admission to the Booth MBA program. A GMAT or GRE score, transcripts, letters of reference, and a personal statement are also required of candidates in addition to these specifications. In general, the Booth MBA admissions process may be difficult, therefore it's critical for applicants to put together a solid and comprehensive application to improve their chances of getting accepted. It is a good idea to become familiar with the admissions requirements and to start putting together your application as soon as you decide to apply to Booth's MBA program.


How much does an MBA at Chicago Booth cost ?


The cost of an MBA at the University of Chicago's Booth School of Business varies depending on a number of factors, including the length of the program, the format of the program, and any financial aid that the student may be eligible for. According to Booth's website, the cost of tuition for the full-time MBA program for the 2021-2022 academic year is $72,800. This cost includes tuition, fees, and an estimated cost of living for the duration of the program. The cost of tuition for the evening MBA program and the weekend MBA program for the 2021-2022 academic year is $69,800. The cost of tuition for the executive MBA program for the 2021-2022 academic year is $179,000. It is important to note that these costs are estimates, and the actual cost of tuition may vary depending on a number of factors. The admissions team can provide you with more information about the cost of tuition and any financial aid options that may be available to you.


Program Overview

• Duration: 21 Months

• Format: Full Time

• Required Course: LEAD

• Required Experience: Qualified Work Experience (Summer Internship or Other)

• Concentrations: 13

• Course per Quarter: 3-4 Application Deadline for Full Time MBA

• Round 1: September 22, 2022

• Round 2: January 5, 2023

• Round 3: April 11, 2023

• Chicago Booth Scholars: April 11, 2023


Also Read about MIT SLOAN MBA


What is the rank of the Chicago booth MBA program ?


As per the Financial Times ranking (FT MBA Ranking) the details of the Chicago booth MBA program are as under:

• School Name: University of Chicago: Booth

School Rank • Rank: 7

• Salary percentage increase: 120

• FT research rank: 3

• Rank in 2021: 3

• Rank in 2020: 10

• Three-year average rank: 7

• Location, by primary campus: US

• Salary today (US$) **: 203,298

• Careers service rank: 10

• Employed at three months (%): 96 (98)

• Female faculty (%): 20

• Female students (%): 42

• International course experience rank: 40

• Environmental, social and governance rank: 40

• Overall Satisfaction **: 9.31

• Weighted salary (US$): 199,046

• Value for money rank: 88

• Aims achieved (%): 89

• Alumni recommend rank: 9

• Women on board (%): 16

• International faculty (%): 33

• International students (%): 48

• International board (%): 52

• Faculty with doctorates (%): 96

• Career progress rank: 36


What are the Chicago booth MBA Admission requirements ?


The requirements for the Admission at the Chicago Booth MBA are as follows:


1. Online Application

2. Two Essay Questions

3. Professional Resume

4. Two Letters of Recommendation

5. Academic Transcripts - Candidate must have undergraduate degree or equivalent

6. GMAT or GRE Scores

• GMAT code: H9X-9F-34

• GRE code: 0685

7. TOEFL, IELTS, or PTE Scores for International Applicants

• TOEFL Code: 1832-02

8. Application fee: $250



Full Time MBA Fees Total tuition for the two-year program is $155,682 Scholarship and Financial Aid Merit Based Scholarship, Global Innovator Fellowship and other type of awards are offered by Chicago Booth for full time MBA students.


Also Read about HEC Paris MBA


What is the Chicago booth MBA class profile ?


The class profile of Chicago Booth MBA of Class of 2024 is as follows:


• Full-Time MBA Students: 621

• Applications Submitted: 4352

• JD/MBA Accelerated Students: 13 Geographical Breakdown

• Africa: 3%

• Asia: 15%

• Canada: 3%

• Central/South America & Mexico: 12%

• Europe: 3%

• Middle East: 1%

• United States: 63%

• Other: 1%

• Countries Represented: 57

• Students Born Outside of the United States: 49%

• First Generation Students: 11%

• International: 37%

• Women: 40%

• Veterans: 8%

• LGBTQ+: 7%

• Average Age: 28 Years

• Average Work Expe: 5 Years

Undergraduate Majors Represented

• Business: 25%

• Economics: 25%

• Engineering: 24%

• Liberal Arts: 13%

• Other: 4%

• Physical Science: 9%

• Undergraduate Institutions: 264

• Average GPA: 3.6

• GPA Range: 2.4-4

• Hold Graduate Level Degrees: 17%

Test Scores GMAT: 73% and GRE: 26%

• Average GMAT: 729

• Median GMAT: 730

• GMAT Range: 600-780

• Average GRE Quant: 164

• GRE Quant Range: 153-170

• Average GRE Verbal: 163

• GRE Verbal Range: 150-170

Employment Statistics 2022


What is the demographic profile of the Chicago Booth MBA (2022)?


Total Graduates: 636

Mean Age: 28

Mean Years of Work Experience: 5

Female: 38%

International: 29%

Sponsored: 6.8%

Starting Own Business/Entrepreneur: 2.8%

Not Seeking

Other Reason: 0.3%

Continuing Education: 0.2%

Postponing Job Search: 0.2%

Job Offers at Graduation

U.S. Citizens/Permanent Residents: 94.3%

International Graduates: 89.7%

Total: 93.1%

Job Offers by Three Months Post Graduation U.S. Citizens/Permanent Residents: 97.5% International Graduates: 94.9%

Total: 96.8%

Job Acceptances at Graduation U.S. Citizens/Permanent Residents: 91.9%

International Graduates: 86.5%

Total: 90.4%

Job Acceptances by Three Months Post Graduation

U.S. Citizens/Permanent Residents: 96.3%

International Graduates: 93.6%

Total: 95.6%

Employment by Function Analytics/Data Science: 0.7%

Business Development: 1.9%

Consulting: 36.8%

Corporate Strategy/Strategic Planning: 3.7%

Engineering: 0.2%

Finance: 36.2%

• Company Finance (Analysis/Treasury): 1.9%

• Investment Banking: 15.4%

• Investment Management/Research: 4.1%

• Mergers & Acquisitions within a Company: 0.6%

• Private Equity: 8.4%

• Real Estate: 0.9%

• Structured Finance: 0.2%

• Venture Capital: 4.8%

General Management: 5.8%

• Customer Relations Management: 0.2%

• General Management: 5.4%

• Project Management: 0.2%

• Law: 2.0% Marketing: 4.1%

• Brand/Product Management: 3.7%

• Sales: 0.4%

• Operations - Production/Supply Chain Mgmt/Logistics: 0.7%

• Product Management (Tech): 7.8%

• Median Salary by Function Business Development: $150,000

• Consulting: $175,000

• Corporate Strategy/Strategic Planning: $147,500

• Finance: $175,000

• Company Finance (Analysis/Treasury): $124,000

• Investment Banking: $175,000

• Investment Management/Research: $167,500

• Private Equity: $150,000

• Venture Capital: $140,000

General Management: $137,500

• General Management: $140,000

• Law: $215,000 Marketing: $128,000

• Brand/Product Management: $128,000

• Product Management (Tech): $148,500

All Functions: $175,000

Top Five Functions by Hires

Consulting: 36.8%

Investment Banking: 15.4%

Private Equity: 8.4%

Product Management (Tech): 7.8%

General Management: 5.8%

Median Salary by Industry

• Consulting: $175,000

• Consumer Products: $125,800

• Financial Services: $175,000

• Healthcare: $135,000

• Law: $215,000

• Real Estate(3): $140,000

• Technology: $146,500

Top 5 Industries by Hires Top Five Industries: 75.5%

• Consulting: 35.5%

• Technology: 14.9%

• Investment Banking/Brokerage: 10.8%

• Diversified Financial Services: 7.2%

• Private Equity: 7.1%

All Others: 24.5%

Employment by Location

United States: 94.1%

Midwest: 30.9%

Northeast: 29.2%

West: 20.1%

Southwest: 5.6%

Mid-Atlantic: 4.5%

South: 3.9%

International: 5.9%

Asia: 3.0%

Latin America and the Caribbean: 1.5%

Europe: 0.7%

Canada: 0.6%

Middle East and North Africa: 0.2%

Median Salary by Location

United States: $175,000

Midwest: $175,000

Northeast: $175,000

West: $175,000

Southwest: $180,000

Mid-Atlantic: $153,000

South: $151,000

International: $129,500

Asia: $132,500

Latin America and the Caribbean: $120,000

All: $175,000 Number of companies which hired 4 or more graduates: 22

Major Employers

• McKinsey & Company, Inc.: 61

• Boston Consulting Group: 53

• Bain & Company, Inc.: 28

• Amazon.com, Inc.: 22

• Credit Suisse: 11

• Goldman Sachs Group Inc.: 11

• Google: 11

• PwC Strategy&: 9

• JPMorgan Chase & Co.: 8

• Citigroup, Inc.: 7

• Kearney: 7

• Lazard Freres & Co. LLC: 7

• Bank of America Corporation: 6

• Adobe, Inc.: 5

• Deloitte Consulting: 5

• Guggenheim Partners, LLC: 5

• Morgan Stanley: 5

• Evercore Partners Inc.: 4

• Facebook: 4

• Fidelity: 4

• Greenhill & Co.: 4

• salesforce.com, inc.: 4

Sources of Employment School-Facilitated: 77.5%

• Booth-Facilitated Summer Employer: 45.0%

• Booth Facilitated Relationships (e.g., EIP, Fellow Student, Faculty, Student Groups etc): 12.1%

• Interview on Campus - Invite Schedule: 8.2%

• Booth Job Posting/Resume Referral: 7.6%

• Booth Recruiting and Networking Event (e.g., Corporate Conversation, Meet-n-Greet etc): 2.8% • Alumni Contact: 1.9% Direct Contact with Company: 22.5% • Personal/Prior Business Contact: 8.4%



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