Creating impact through bold ideas is The University of Chicago Booth School of Business core value. Also known as Chicago Booth, this business school follows a simple philosophy – turn ideas into meaningful action. The focus of Chicago Booth is creating ‘impact’ through groundbreaking ideas and boldness in action. If you are someone who is driven by curiosity, analytical thinking, and collaboration, and are action-oriented, then Chicago Booth MBA would be a perfect fit for you. In this article, we have discussed all the important information on the University of Chicago Booth School of Business.
Take a quick glimpse of the MBA Class Profile 2025. Click on the slider to view the next screen.
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- Chicago Booth School of Business – General information
- Chicago Booth MBA – Trivia
- Chicago Booth MBA Application deadline 2024 – 2025
- Chicago Booth MBA Class Profile 2025
- Chicago Booth MBA Employment Report 2021
- Chicago Booth MBA Notable Alumni
- Other MBA programs you should consider
- FAQs – Chicago Booth MBA Program
Chicago Booth School of Business – General information
| Duration | 21 months |
| Dean | Madhav Rajan |
| Average GMAT Score | 728 (GMAT Focus Edition – 675) |
| Class size | 637 |
| Average GRE score | 320 |
| Tuition Cost (per year/Single student) (2023-2024) | $84,198 |
| Admissions Office | The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, Illinois 60637 Telephone: 773.702.7369 Fax: 773.702.9085 admissions@ChicagoBooth.edu |
| Social Media | Facebook, Twitter, YouTube |
Chicago Booth MBA – Trivia
- Founded in 1898, the University of Chicago – Booth School of Business is the second-oldest business school in the world.
- The business school is named after David Booth, who donated an amount of $300 million in 2008. Before 2008 the school was called The University of Chicago Graduate School of Business.
- The School offered its first MBA in 1935.
- Nine Chicago Booth faculty members have been awarded the Nobel prize in Economic Sciences.
- It is the only US business school with permanent campuses on three continents viz. North America (Chicago), Europe (London), and Asia (Hong Kong).
- Chicago Booth started the first PhD. Program in business in 1920, first Executive MBA program in 1943, and first weekend MBA program in 1986.
Chicago Booth MBA Application deadline 2024 – 2025
| Round | Application Deadline | Decisions |
| Round One | September 19, 2024 | December 5, 2024 |
| Round Two | January 07, 2025 | March 27, 2025 |
| Round Three | April 03, 2025 | May 22, 2025 |
| Chicago Booth Scholars | April 29, 2025 | July 1 , 2025 |
Here is a list of articles on the Chicago Booth MBA Program, that can help you with your Application:
- Chicago Booth MBA Essays Analysis and Tips for 2022 intake
- What is a good GMAT score for the Chicago Booth School of Business
- Kellogg Vs. Booth – Which Business School is Better for MBA?
Chicago Booth MBA Class Profile 2025
Here are the detailed statistics on the Chicago Booth MBA Class of 2025:
| Applications received | 4,184 |
| Enrolled | 637 |
| Average GMAT Score | 728 (GMAT Focus Edition – 675) |
| GMAT Score Range | 600 – 780 |
| Undergraduate GPA | 2.4 – 4.0 |
| Average Work Experience | 5 years |
| Average age | 28 |
| Tuition Cost (per year/Single student) | $84,198 |
| Median Base Salary | $175,000 |
| % of women in the class | 40% |
| % of international citizens | 37% |
| Countries represented | 57 |
| 5-Year Trend for Chicago Booth MBA Class Profile |
| S.No | Chicago Booth School of Business | 2020 | 2021 | 2022 | 2023 | 2024 |
| 1 | Avg GMAT | 731 | 730 | 724 | 732 | 729 |
| 2 | Avg GPA | 3.6 | 3.6 | 3.6 | 3.54 | 3.6 |
| 3 | Class Size | 591 | 593 | 621 | 620 | 621 |
| 4 | Work Experience (Average) | 5 years | 5 years | 5 years | 5 years | 5 years |
| 5 | Tuition Cost (per year/Single student) | $74,919 | $74,919 | $77,841 | $77,841 | $77,841 |
| 6 | % of students reported job received after 90 days | 92.8 | 97.7% | |||
| 7 | Median Base Salary | $150,000 | $155,000 | |||
| 8 | Median Signing Bonus | $30,000 | $35,000 |
Are you planning to enroll in the Chicago Booth MBA program? Let us help you conquer the first step of the process i.e., taking the GMAT. Take a free GMAT mock to understand your baseline score and start your GMAT prep with our free trial. We are the most reviewed online GMAT Prep company with 2700+ reviews on GMAT Club.
Pre-MBA industry of the incoming class of 2025
Consulting and Financial services are the dominant pre-MBA industry of the incoming class of 2025.
| Industry | Percentage |
| Consulting | 18% |
| Consumer Products | 3% |
| Energy | 2% |
| Financial Services | 19% |
| Healthcare | 7% |
| Manufacturing | 2% |
| Non-Profit/Government | 14% |
| Other | 12% |
| Private Equity/Venture Capital | 7% |
| Technology | 15% |
Chicago Booth MBA Employment Report 2021
Employment by Industry
Consulting and Financial Services hired the most number of Chicago Booth graduates. The highest median salary of $165,000 was offered by Consulting. The detailed employment numbers are in the table below:
| Industry | Percent of Hires | Median Salary | Median Sign-On |
| Arts/Media/Entertainment | 0.90% | Insufficient data(1) | Insufficient data(1) |
| Consulting | 34.40% | $1,65,000 | $30,000 |
| Consumer Products | 4.40% | $1,20,000 | $35,000 |
| Education | 0.90% | Insufficient data(1) | Insufficient data(1) |
| Energy | 1.10% | $1,40,000 | $35,000 |
| Environment/Natural Resources | 0.20% | Insufficient data(1) | Insufficient data(1) |
| Financial Services | 27.00% | $1,60,000 | $50,000 |
| Government - International | 0.20% | Insufficient data(1) | Insufficient data(1) |
| Healthcare | 3.30% | $1,32,500 | $27,500 |
| Hospitality | 0.20% | Insufficient data(1) | Insufficient data(1) |
| Law | 0.40% | Insufficient data(1) | Insufficient data(1) |
| Manufacturing/Chemicals | 0.90% | Insufficient data(1) | Insufficient data(1) |
| Real Estate | 1.50% | $1,25,000 | Insufficient data(1) |
| Retail | 0.70% | $1,37,500 | Insufficient data(1) |
| Technology | 22.90% | $1,33,000 | $40,000 |
| Transportation Services/Equipment | 1.00% | $1,32,500 | Insufficient data(1) |
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Employment by Function
Consulting and Investment banking are the two functions that attracted 2021 Chicago Booth graduates:
| Function | Percent of Hires | Median Salary | Median Sign-On |
| Analytics/Data Science(3) | 0.40% | NA | NA |
| Business Development(3) | 2.80% | $1,17,500 | NA |
| Consulting(3) | 35.90% | $1,65,000 | $30,000 |
| Corporate Strategy/Strategic Planning (3) | 6.50% | $1,39,000 | $25,000 |
| Finance | 30.30% | $1,50,000 | $47,500 |
| General Management(3) | 4.60% | $1,30,000 | Insufficient data(1) |
| Information Technology(3) | 0.90% | NA | NA |
| Law | 0.40% | NA | NA |
| Marketing | 6.80% | $1,23,165 | $30,000 |
| Operations - Production/Supply Chain Mgmt/Logistics | 2.40% | $1,30,000 | $40,000 |
| Product Management (Tech)(3) | 7.40% | $1,44,000 | NA |
| Project Management | 1.50% | $1,30,000 | NA |
| Others | 0.10% | NA | NA |
Employment by location
92.20% of the 2021 class found employment in the United States followed by Latin America and Europe. 27.2% of the class found employment in the Chicago area itself. Here are the details of location-wise employment:
| Function | Percent of Hires | Number of Hires | Median Salary |
| United States | 92.20% | 423 | $1,58,000 |
| Asia | 3.30% | 15 | $1,10,000 |
| Latin America and the Caribbean | 2.60% | 12 | $1,10,000 |
| Europe | 1.30% | 6 | $1,09,674 |
| The Middle East and North Africa | 0.40% | 2 | NA |
| Canada | 0.20% | 1 | NA |
Major Employers
Since the consulting industry was the biggest employer of Chicago Booth's MBA graduating class of 2021, major employers include the MBB (i.e. McKinsey, Bain, and BCG). Tech corporations such as Amazon, Google, Microsoft, and Finance organizations such as JPMorgan Chase, Credit Suisse, and Goldman Sachs Group are the other major employers of Chicago Booth graduates.
| Major Employers | Percent of Hires |
| Companies that hired four or more graduates | 54.10% |
| McKinsey & Company, Inc. | 10.00% |
| Boston Consulting Group | 7.80% |
| Amazon.com, Inc. | 7.40% |
| Bain & Company, Inc. | 3.90% |
| Credit Suisse | 2.20% |
| Kearney | 2.00% |
| Bank of America Corporation | 1.70% |
| Goldman Sachs Group Inc. | 1.70% |
| 1.70% | |
| JPMorgan Chase & Co. | 1.70% |
| PwC Strategy& | 1.70% |
| Deloitte Consulting | 1.50% |
| Accenture | 1.30% |
| Morgan Stanley | 1.30% |
| Pepsico, Inc. | 1.30% |
| Citigroup, Inc. | 1.10% |
| ServiceNow, Inc. | 1.10% |
| Wayfair LLC | 1.10% |
| Adobe, Inc. | 0.90% |
| EY-Parthenon | 0.90% |
| Keystone Strategy, Inc. | 0.90% |
| The Kraft Heinz Company | 0.90% |
| Companies that Hired Two or More Graduates (24 Companies) | 11.80% |
| Companies that Hired One Graduate | 34% |
Chicago Booth MBA Notable Alumni
Chicago Booth boasts an alumni base of more than 53,000 across 90+ countries. Here is a list of some of the notable alumni of the University of Chicago Booth School of Business:
- James O. McKinsey, founder of McKinsey & Company
- David G. Booth, co-founder, and CEO of Dimensional Fund Advisors
- Satya Nadella, CEO at Microsoft
- Dhiraj Rajaram, founder, and CEO of Mu-Sigma
- Jon Winkelried, former co-president of Goldman Sachs
- Eric Gleacher, the founder chairman of Gleacher & Co.
- Susan Wagner, co-founder and former COO of Blackrock, board member of Apple Inc.
- Jaithirth Rao, founder and former CEO of the software company MphasiS
- Peter G. Peterson, founder, and chairman of The Blackstone Group
- Eric Kriss, co-founder of Bain Capital
- Eugene Fama, "Father of the efficient-market hypothesis", Nobel Laureate in Economics.
- Bart Becht, former CEO of Reckitt Benckiser
- Mary Tolan – Co-founder and Co-Managing Partner of Chicago Pacific Founders
- Debra Crew, President, and COO of R. J. Reynolds Tobacco Company
- Patrick Doyle, CEO of Domino's Pizza
- John R. Opel, former chairman and CEO of IBM
- David Wells, former CFO of Netflix
- Farhan Siddiqi, Global Chief Digital Officer of McDonald's
Other MBA programs you should consider
The following are some other schools that are a close match to Chicago Booth in terms of GMAT and GPA, age, and work experience. We have listed the programs by stretch, match, and safety. Note that these options are presented on the basis of the schools’ brand image and ranking status as a general yardstick.
Stretch Schools: Harvard, Stanford
Match Schools: Wharton, Columbia, Northwestern’s Kellogg, MIT Sloan, Dartmouth Tuck
Safety Schools: Berkeley Haas, Duke Fuqua, Virginia Darden
Are you planning to enroll in the Chicago Booth MBA program? Let us help you conquer the first step of the process i.e., taking the GMAT. Take a free GMAT mock to understand your baseline score and start your GMAT prep with our free trial. We are the most reviewed online GMAT Prep company with 2700+ reviews on GMAT Club.
FAQs - Chicago Booth MBA Program
Chicago Booth MBA offers 24 months, full-time MBA program.
The average GPA range for the incoming class of 2025 is 2.7 – 4.0.
For the incoming Chicago Booth MBA batch 2022-2023, the MBA tuition fee is $77,841. However, there are other costs such as accommodation and the cost of living that you incur. Know if an MBA is worth it in 2023.
You need at least a 700+ GMAT scores for top business schools like Kellogg. The average GMAT score for the Chicago Booth MBA class of 2025 is 728.
Some of the top MBA programs in the USA are:
1. Stanford GSB
2. Wharton School of Business
3. Harvard Business School
4. UC Berkeley
5. MIT Sloan
Planning to pursue an MBA in the USA? Here is a guide for MBA in USA.
