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Chicago Booth MBA – Class Profile, Employment Reports & Salaries

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

Chicago Booth MBA Program: Application deadline 2019 – 2020

Round Application Deadline Decisions
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
1 Average GMAT 730
2 Average GPA 3.6
3 Class Size 593
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 95.1%
9 Median Salary $ 145,000

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

2021 Chicago Booth MBA Class Profile

Here are the detailed statistics on Chicago Booth MBA incoming class of 2019 (graduating class of 2021).

Applications received 4,433
Enrolled 593
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 40%
% of international citizens 31%
Countries represented 49

Chicago Booth: Pre-MBA industry of the incoming class of 2019

Chicago Booth_ Pre-MBA Industry

Consulting and Financial services are the dominant pre-MBA industry of the incoming class of 2019.

Industry Percentage
Arts/Media/Entertainment  2%
Accounting  2%
Consulting  25%
Consumer Products  3%
Energy  3%
Financial Services  21%
Healthcare  5%
Manufacturing  2%
Non-Profit/Government 0.1
Other  9%
Private Equity/Venture Capital  8%
Technology  10%

Employment by Industry: Chicago Booth’s MBA class of 2019

Consulting and Financial Services hired the most number of Chicago Booth graduates. The highest median salary of $158,000 was offered by Consulting. However, the maximum salary of $250,000 was offered by a firm from the Private Equity space. The detailed employment numbers are in the table below:

Industry Percent of Hires Number of Hires Low – High Salary (US $) Median Salary  Median Sign-On Bonus
Consulting 33.7% 163 80,000-210,000 $158,000 $30,000
Consumer Products 4.3% 21 100,000-135,000 $110,000 $30,000
Education/Government/Non-Profit 1.0% 5 103,000-150,000 $105,000
Financial Services 31.3% 151 80,000-250,000 $150,000 $40,000
Diversified Financial Services 7.2% 35 88,000-180,000 $150,000 $40,000
Investment Banking/Brokerage 10.4% 50 107,406-175,000 $150,000 $50,000
Investment Management/Research 5.6% 27 100,000-175,000 $135,000 $35,000
Private Equity 6.0% 29 80,000-250,000 $150,000 N/A
Venture Capital 2.1% 10 108,000-160,000 $130,000 N/A
Healthcare Products and Services 1.0% 5 120,000-148,000 $125,000 $30,000
Media/Entertainment/Sports 1.0% 5 115,000-127,000 $125,000 $20,000
Real Estate 2.7% 13 80,000-190,000 $127,500
Retail 1.4% 7 78,700-135,000 $115,000 $20,000
Technology 20.7% 100 83,000-168,000 $130,000 $32,500
eCommerce and Internet 12.0% 58 83,000-168,000 $130,000 $35,000
Financial Technology 1.0% 5 145,000-150,000 $147,500 N/A
Hardware 1.7% 8 115,000-160,600 $140,000 $40,000
Software 5.0% 24 100,000-160,000 $135,000 N/A
Technology – Other 1.0% 5 100,000-155,000 $120,000 N/A
Transportation Services/Equipment 1.0% 5 111,000-145,000 $118,000 $25,000
All 100.0% 483 78,700-250,000 $145,000 $30,000

Chicago Booth MBA – Employment by Function

Consulting and Investment banking are the two functions that attracted 2019 Chicago Booth graduates.

Function Percent of Hires Number of Hires Minimum Salary – Maximum Salary  Median Salary  Median Sign-On Bonus
Analytics/Data Science 1.0% 5 120000-135300 $127,500 $25,000
Business Development 1.7% 8 96000-160000 $145,000 N/A
Consulting 34.8% 168 80000-210000 $153,750 $30,000
Corporate Strategy/Strategic Planning 5.6% 27 88000-175000 $127,500 $25,000
Finance 36.2% 175 80000-250000 $150,000 $40,000
Company Finance (Analysis/Treasury) 4.1% 20 111000-145000 $125,000 $33,500
Investment Banking 14.5% 70 107406-175000 $150,000 $40,000
Investment Management/Research 4.6% 22 120000-180000 $135,000 $35,000
Private Equity 8.1% 39 80000-250000 $150,000 N/A
Real Estate 1.2% 6 80000-130000 $120,000 N/A
Venture Capital 2.9% 14 115000-160000 $131,250 N/A
General Management 7.5% 36 78700-150000 $127,000 $28,000
Marketing 5.2% 25 102000-145000 $120,000 $30,000
Brand/Product Management 4.3% 21 102000-145000 $120,000 $30,000
Operations – Production/Supply Chain Mgmt/Logistics 1.7% 8 105000-140000 $130,000 $55,000
Product Management (Tech) 6.4% 31 100000-180000 $135,000 $26,250
All 100.0% 483 78700-250000 $145,000 $30,000

Chicago Booth MBA – Employment by location

86.7% of the 2018 class found employment in the United States followed by Latin America and Europe. 25.9% of the class found employment in the Chicago area itself. Here are the details of location wise employment.

Region Percent of Hires Number of Hires Median Salary
United States 86.7% 419 $150,000
Midwest 28.6% 138 $150,000
Chicago 25.9% 125 $150,000
West 22.4% 108 $135,000
Bay Area 14.1% 68 $140,000
Northeast 20.7% 100 $150,000
New York 17.6% 85 $150,000
Southwest 6.2% 30 $158,750
Mid-Atlantic 5.0% 24 $135,000
South 3.9% 19 $150,000
International 13.3% 64 $110,000
Latin America and the Caribbean 5.4% 26 $103,875
Asia 5.0% 24 $119,732
Europe 1.7% 8 $111,500
All 100.0% 483 $145,000

Chicago Booth MBA – Major Employers

Since the consulting industry was the biggest employer of Chicago Booth’s MBA graduating class of 2019, 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 Number of Hires
McKinsey & Company, Inc. 48
The Boston Consulting Group, Inc. 35
Bain & Company, Inc. 26
Amazon.com, Inc. 23
Google LLC 14
JPMorgan Chase & Co. 11
PwC Strategy& 9
Credit Suisse 8
Goldman Sachs Group Inc. 7
Citigroup, Inc. 7
Microsoft Corporation 6
Morgan Stanley 6
Bank of America Merrill Lynch 6
A.T. Kearney, Inc. 6
Evercore Partners Inc. 6
Apple Inc. 5
William Blair 4
The Kraft Heinz Company 4
Ernst & Young LLP 4
Moelis & Company LLC 4
Accenture 4
The Vanguard Group, Inc. 4
Wal-Mart Stores Inc. 4

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

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: HarvardStanford
Match Schools: Wharton, ColumbiaNorthwestern’s Kellogg, MIT SloanDartmouth Tuck
Safety Schools: Berkeley Haas, Duke Fuqua, Virginia Darden

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