The University of Chicago Booth School of Business

November 26th, 2018

Last Updated on October 23, 2020

About the School

Founded in 1898, the second-oldest business school in the U.S.

The University of Chicago Booth School of Business is the graduate business school of the University of Chicago and is associated with 9 Nobel laureates in the Economic Sciences, more than other business schools in the world. With the third-largest endowment of any business school, in the U.S. Chicago Booth’s MBA program is ranked No. 3 by U.S. News & World Report, No. 1 in the U.S by Forbes, and globally No.1 by The Economist.

An Overview

Rank

Class Size

Course Fee ($)

Course Duration (months)

Average GMAT Score

Average GRE Score

Average Age28
International Participants31%
Gender40% (Women)
Average Work Experience5 Years

Finance

  • Basic Courses
    • Introductory Finance
    • Investments
    • Corporation Finance
  • Approved Substitutes
    • Entrepreneurial Finance and Private
    • Equity
    • Portfolio Management
    • Advanced Investments
    • Theory of Financial Decisions
    • Asset Pricing
    • Financial Instruments
    • Fixed Income Asset Pricing
    • Cases in Financial Management: Entrepreneurial Finance and Private Equity
    • International Corporate Finance

Marketing

  • Basic Courses
    • Marketing Strategy
    • Marketing Strategy with Simulation
  • Approved Substitutes
    • Consumer Behavior
    • Data-Driven Marketing
    • Data Science for Marketing Decision Making
    • Marketing Research
    • Developing New Products and Services
    • Lab in Developing New Products and Services
    • Pricing Strategies

Operations

  • Basic Courses
    • Operations Management
  • Approved Substitutes
    • Supply Chain Strategy & Practice
    • Revenue Management
    • Managing Service Operations

Management Decisions

  • Basic Courses
    • Managerial Decision Making
    • Managerial Accounting
    • Managerial Decision Modeling
  • Approved Substitutes
    None

People

  • Managing in Organizations
  • Strategic Leadership
  • Power and Influence in Organizations
  • Managing the Workplace

Strategy

  • Competitive Strategy
  • Strategy and Structure
  • Business Policy

Business Environment

  • Basic Courses
    • Macroeconomics
    • The Firm and the Non-Market Environment
    • Business, Politics, and Ethics
    • Business in Historical Perspective
  • Approved Substitutes
    • The Legal Infrastructure of Business
    • Law, Economics & Business
    • Money and Banking
    • Understanding Central Banks
    • International Commercial Policy
    • International Financial Policy
    • The Wealth of Nations
    • Chinese Economy

To know about the 11 Elective Courses offered by Chicago Booth visit: https://www.chicagobooth.edu/mba/academics/curriculum

Merit-based Scholarships:

Booth offers plenty of merit-based MBA scholarships to its deserving students. There is no formal application procedure for these grants—all applicants are considered, and decisions are based wholly upon the information given in the application. Scholarships are communicated at the time of admission and receivers are chosen based on academic merit, prospective concentration, the nature of the interview, competitiveness, career goals, and life experiences.

Global Innovator Fellowships:

Global Innovator Fellowships are awarded to candidates with definite ambitions and an exhibited passion for driving a novel and lasting impression in the world. These individuals strive to use their Booth MBAs to challenge the status quo—seeking personal and professional goals concentrated on developing markets, underserved industries, or marginalized individuals. Global Innovators can hail from any country and work across a variety of industries. Like the merit-based awards, there is no additional application process for these scholarships—all applicants are considered and declarations are based wholly upon the information provided within the application.

For more information on Scholarships please visit: https://www.chicagobooth.edu/mba/full-time/admissions/scholarships-and-aid

Doing an MBA from Booth provides you with unrivaled access to a powerful global network and an array of career resources, tools & support. Employers come to Booth from around the world to recruit our Full-Time MBA students.
485 uniques companies hired 95.1% of the job-seeking BOOTH graduates who got accepted into full-time job offers within 3 months of their graduation in the year 2019.

Why The University of Chicago Booth School of Business

Notable Alumni

David G. Booth

Executive Chairman and Co-Founder of Dimensional Fund Advisors

Satya Nadella

Chief Executive Officer of Microsoft

James M. Kilts

Chief Executive Officer of The Gillette Company

James O. McKinsey

Founder of McKinsey & Company

The University of Chicago Booth School of Business MBA Application Process

The latest application requirements set by the The University of Chicago Booth School of Business MBA admission office are described below.

Essay 1: How will a Booth MBA help you achieve your immediate and long-term post-MBA career goals?
(Minimum 250 words, no maximum.)

Essay 2: An MBA is as much about personal growth as it is about professional development. In addition to sharing your experience and goals in terms of career, we’d like to learn more about you outside of the office. Use this opportunity to tell us something about who you are.
(Minimum 250 words, no maximum.)

The following question is optional:

Is there any unclear information in your application that needs further explanation?
(Maximum 300 words.)

Reapplicants must answer the following question:

Upon reflection, how has your perspective regarding your future, Chicago Booth, and/or getting an MBA changed since the time of your last application?
(Maximum 300 words.)

RoundsApplication Deadlines
Round 1Sep 24, 2020
Round 2Jan 12, 2021
Round 3Apr 1, 2021

You have to submit letters of recommendation from two individuals who understand you well and can give precise examples of your performance at and offerings to an organization.
One letter of recommendation should be by a supervisor. They are seeking objectivity in the letter, and they need to hear from someone who can evaluate both your strengths and your weaknesses.

  • They prefer to discover from a current supervisor, although they realize that this may not be viable. If you are unable to ask your current supervisor, please clarify the circumstances in the optional essay.
    If you serve for a family business or own your own company, please submit a letter from a client or outside party who does business with you and can give an objective evaluation.
  • The other letter can be written by another professional contact or from anyone who has worked with you in an organization or club, or on a volunteer project. This letter can give diverse prospects on your skill sets apart from your professional environment.
  • They have no preference regarding who supplies your second letter of recommendation.
  • Their only guideline is that it should add new and relevant insight to your application

MBA Essay Analysis – The University of Chicago Booth School of Business

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