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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, 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. Here is the outline of the article:

chicago booth mba

Chicago Booth School of Business – General information

Dean – Madhav Rajan

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

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Chicago Booth MBA – Trivia

chicago booth mba nobel prize winners

  • Founded in 1898, 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 Ph.D. Program in business in 1920, first Executive MBA program in 1943, and first weekend MBA program in 1986.

 

Chicago Booth MBA Application deadline 2018 – 2019

Round Deadline Decisions
Round 1 September 27, 2018 11:59 PM CST December 6, 2018
Round 2 January 3, 2019 11:59 PM CST March 21, 2019
Round 3 April 4, 2019 11:59 PM CST May 16, 2019
 Chicago Booth Scholars  April 4, 2019 11:59 PM CST  May 16, 2019

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Chicago Booth – By the numbers

S. No. Chicago Booth Numbers
1 Average GMAT 731
2 Average GPA 3.6
3 Class Size 591
4 GMAT Range 610 – 790
5 Work Experience (Average) 5 years
6 Tuition Cost (per year) $ 72,000
7 Average Age 28
8 % Employed after graduation 98.4%
9 Median Salary $ 130,000

Here are articles on class profile and employment statistics for Wharton, Kellogg, Columbia, MIT Sloan, INSEAD, and LBS.

Chicago Booth incoming class profile – graduating in 2020

Here are the detailed statistics on Chicago Booth MBA incoming class of 2018 (graduating class of 2020).

Applications received 4,289
Enrolled 591
GMAT Scores (middle 80%) 610 – 790
Undergraduate GPA (middle 80%) 2.7 – 3.9
Work Experience (middle 80%) 3 – 15 years
Average age (middle 80%) 25 – 31
% of women in the class 42%
% of international citizens 30%
Countries represented 52

chicago booth mba school of business

Chicago Booth – Pre-MBA industry of incoming class of 2018

Consulting and Financial services are the dominant pre-MBA industry of the incoming class of 2018.

Industry Percentage
Consulting 24
Financial Services 21
Technology 9
Non-Profit/Government 9
Private Equity/Venture Capital 8
Consumer Products 4
Energy 3
Manufacturing 2
Accounting 2
Other 10

chicago booth mba previous employment

Chicago Booth School of Business MBA employment and salaries

Majority of Chicago Booth’s outgoing class of 2018 found employment in the Consulting and Financial services industry followed by firms in the technology industry.

Employment by industry of Chicago Booth’s MBA class of 2018.

Consulting and Financial Services hired the most number of Chicago Booth students of the 2018 outgoing class. The highest median salary of $150,000 was offered by Consulting and Private Equity. However, The maximum salary of $250,000 was offered by a firm from the Investment research and Management industry. The detailed employment numbers are in the table below:

Industry Percent of hires No. of hires Minimum Salary Maximum Salary Median Salary Median Bonus
 
Agribusiness 0.9% 4 NA
Consulting 31.0% 145 $53,000 $170,000 $150,000 $25,000
Consumer Products 4.3% 20 $103,000 $138,000 $115,000 $25,000
Education/Government/Non-Profit 0.6% 3 NA
Energy 1.5% 7 $115,000 $150,000 $120,000 $25,000
Financial Services 31.6% 148 $55,000 $250,000 $125,000 $40,000
Commercial Banking 0.2% 1 NA
Diversified Financial Services 6.4% 30 $70,000 $150,000 $125,000 $40,000
Insurance 0.6% 3 NA
Investment Banking/Brokerage 10.5% 49 $100,000 $150,000 $125,000 $50,000
Investment Management/Research 5.6% 26 $55,000 $250,000 $140,000 $33,500
Private Equity 5.6% 26 $95,000 $225,000 $150,000
Venture Capital 2.8% 13 $75,000 $200,000 $126,000
Healthcare Products and Services 2.1% 10 $115,000 $150,000 $125,000 $20,000
Manufacturing/Chemicals/Plastics 0.9% 4 NA
Media/Entertainment/Sports 1.7% 8 $100,000 $125,000 $125,000 $25,000
Real Estate 1.7% 8 $70,000 $130,000 $96,000 $22,500
Retail 0.9% 4 NA
Technology 20.3% 95 $80,000 $170,000 $130,000 $35,000
eCommerce and Internet 10.7% 50 $100,000 $170,000 $130,000 $50,000
Financial Technology 1.5% 7 $110,000 $150,000 $140,000 $12,500
Hardware 1.9% 9 $80,000 $147,000 $135,000 $30,000
Software 5.6% 26 $114,000 $145,000 $130,000
Telecommunications 0.6% 3 NA
Transportation Services/Equipment 1.9% 9 $105,000 $125,000 $115,000
Other 0.6% 3 NA
All 100.0% 468 $53,000 $250,000 $130,000 $25,000

Here are the top six industries which hired Chicago Booth’s graduating class of 2018

chicago booth mba employment by industry

Industry Percent of Hires Number of Hires
Top Six Industries 79.3% 371
Consulting 31.0% 145
Technology 20.3% 95
Investment Banking/Brokerage 10.5% 49
Diversified Financial Services 6.4% 30
Investment Management/Research 5.6% 26
Private Equity 5.6% 26
All Others 20.7% 97
All 100.0% 468

Chicago Booth MBA – Employment by function

Consulting and Investment banking are the two functions which attracted Chicago Booth’s graduating class of 2018.

Function Percent of Hires Number of Hires
Top Five Functions 66.9% 313
Consulting 32.3% 151
Investment Banking 13.2% 62
General Management 7.7% 36
Marketing 6.8% 32
Product Management (Tech) 6.8% 32
All Others 33.1% 155
All 100.0% 468

chicago booth mba employment by function

Chicago Booth MBA – Employment by location

about 87% of the 2018 class found employment in the United States followed by Latin America and Europe. 29.5% of the class found employment in the Chicago area itself. Here are the details of location wise employment.

Region Hires Number Median Salary
United States 87.2% 408 $131,550
Midwest 31.8% 149 $140,000

Chicago

29.5% 138 $140,000
West 23.9% 112 $130,000

Bay Area

15.0% 70 $130,000

Seattle

6.0% 28 $130,000

Los Angeles

2.4% 11 $127,400
Northeast 22.4% 105 $140,000

New York

19.4% 91 $140,000

Boston

3.0% 14 $147,500
Southwest 4.5% 21 $122,500

Houston

1.5% 7 $125,000

Dallas

1.3% 6 $120,000

Denver

1.3% 6 $115,000
Mid-Atlantic 2.4% 11 $137,500
South 2.1% 10 $142,500
International 12.8% 60 $110,000
Asia 3.4% 16 $124,620
Latin America and the Caribbean 4.7% 22 $100,000

Mexico City

2.1% 10 $107,500

São Paulo

1.1% 5 $89,813
Europe 1.9% 9 $112,331
Canada 1.7% 8 $128,500
Africa – sub-Saharan 0.4% 2 NA
Australia 0.4% 2 NA
Middle East and North Africa 0.2% 1 NA
All 100.0% 468 $130,000

chicago booth mba employment by location

Chicago Booth MBA – Major Employers

Since the consulting industry was the biggest employer of Chicago Booth’s MBA graduating class of 2018, major employers include a lot of consulting firms.

Major Employers No. of hires
McKinsey & Company, Inc. 39
Bain & Company, Inc. 25
Amazon.com, Inc. 23
The Boston Consulting Group, Inc. 19
Accenture 13
JPMorgan Chase & Co. 12
Google Inc. 9
Goldman Sachs Group Inc. 7
Microsoft Corporation 7
Morgan Stanley 7
Citigroup, Inc. 6
Evercore Partners Inc. 6
L.E.K. Consulting 6
PwC Strategy& 6
A.T. Kearney, Inc. 5
Credit Suisse 5
Deloitte Consulting 5
Pepsico, Inc. 5
AlixPartners 4
salesforce.com, Inc. 4
Tesla Motors, Inc 4
William Blair 4
ZS Associates Inc.
4

Job Source of Chicago Booth Graduating class of 2018

84.4% of the class were hired because of a school facilitated process. The greatest number of job offers came through the Booth facilitated summer internship.

Method of Hiring – Chicago Booth graduating class of 2018 Percent Number
School-Facilitated 84.4% 395
Booth-Facilitated Summer Employer 40.2% 188
Interview on Campus – Invite Schedule 14.5% 68
Booth Facilitated Relationships (e.g., EIP, Fellow Student, Faculty, Student Groups, Trek, GTS Contacts, GTS Organization Notes) 13.2% 62
Booth Job Posting/Resume Referral 7.3% 34
Booth Recruiting and Networking Event (e.g., Corporate Conversation, Meet-n-Greet, Networking Night, Booth Panel Discussions) 5.3% 25
Alumni Contact 2.4% 11
Interview on Campus – Bid Schedule 1.3% 6
Booth-Supported External Career Conference (e.g., Prospanica, NBMBAA, Boston Career Forum, Reach Out MBA) 0.2% 1
Direct Contact with Company 15.6% 73
Personal/Prior Business Contact 8.3% 39
External Job Board/Industry Event/Organization Website (not through GTS) 3.4% 16
Student-Facilitated Summer Employer 2.1% 10
Direct Contact from Organization 1.1% 5
Other Source 0.6% 3
All 100.0% 468

 

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:

chicago booth mba alumni

  • 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

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: HarvardStanford
Match Schools: Wharton, ColumbiaNorthwestern’s Kellogg, MIT Sloan, Dartmouth Tuck
Safety Schools: Berkeley, Duke, Virginia

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