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:
- General information on Chicago Booth
- Trivia on Chicago Booth School of Business
- Chicago Booth MBA Class profile, cost of attendance, median salary
- Chicago Booth’s 2019-2020 MBA Application Deadlines
- Chicago Booth School of Business MBA employment and salaries
- University of Chicago Booth School of Business – Notable Alumni
- Other MBA programs you should consider
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
Chicago Booth MBA – Trivia
- 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 $300 million in 2008. Before 2008 the school was called The University of Chicago Graduate School of Business.
- The School offered its first MBA in 1935.
- Nine Chicago Booth faculty members have been awarded the Nobel prize in Economic Sciences.
- It is the only US business school with permanent campuses on three continents viz. North America (Chicago), Europe (London), and Asia (Hong Kong).
- Chicago Booth started the first Ph.D. Program in business in 1920, first Executive MBA program in 1943, and first weekend MBA program in 1986.
Chicago Booth MBA Application deadline 2019 – 2020
|Round One||September 26, 2019||December 5, 2019|
|Round Two||January 7, 2020||March 19, 2020|
|Round Three||April 2, 2020||June 4, 2020|
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Chicago Booth – By the numbers
|S. No.||Chicago Booth||Numbers|
|4||GMAT Range||610 – 790|
|5||Work Experience (Average)||5 years|
|6||Tuition Cost (per year)||$ 72,000|
|8||% Employed after graduation||98.4%|
|9||Median Salary||$ 130,000|
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).
|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%|
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.
|Private Equity/Venture Capital||8|
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|
|Diversified Financial Services||6.4%||30||$70,000||$150,000||$125,000||$40,000|
|Healthcare Products and Services||2.1%||10||$115,000||$150,000||$125,000||$20,000|
|eCommerce and Internet||10.7%||50||$100,000||$170,000||$130,000||$50,000|
Here are the top six industries which hired Chicago Booth’s graduating class of 2018
|Industry||Percent of Hires||Number of Hires|
|Top Six Industries||79.3%||371|
|Diversified Financial Services||6.4%||30|
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|
|Product Management (Tech)||6.8%||32|
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.
|Latin America and the Caribbean||4.7%||22||$100,000|
|Africa – sub-Saharan||0.4%||2||NA|
|Middle East and North Africa||0.2%||1||NA|
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|
|The Boston Consulting Group, Inc.||19|
|JPMorgan Chase & Co.||12|
|Goldman Sachs Group Inc.||7|
|Evercore Partners Inc.||6|
|A.T. Kearney, Inc.||5|
|Tesla Motors, 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|
|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|
|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|
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
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.