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Chicago Booth MBA – Class 2022 Profile and Employment Report 2020

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

Duration 21 months
Dean Madhav Rajan
Average GMAT Score 724
Class size 621
Average GRE score 324
Tuition Fees (2020-2021)$73,440
Admissions OfficeThe 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 MediaFacebook, Twitter, YouTube

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 Application deadline 2020 – 2021

RoundApplication DeadlineDecisions
Round OneSeptember 24, 2020December 3, 2020
Round TwoJanuary 12, 2021March 18, 2021
Round ThreeApril 2, 2021May 20, 2021
Chicago Booth Scholars April 01, 2021 June 03, 2021

Here is a list of articles on the Chicago Booth MBA Program, that can help you with your Application:

  1. Chicago Booth MBA Essays Analysis and Tips for 2021 intake
  2. What is a good GMAT Score for Chicago Booth School of Business
  3. Kellogg Vs. Booth – Which Business School is Better for MBA?

Chicago Booth MBA Class Profile 2022

Here are the detailed statistics on the Chicago Booth MBA class of 2022:

Applications received4,909
Enrolled621
GMAT Scores 600 – 780
Undergraduate GPA 2.8 – 4.0
Average Work Experience 5 years
Average age 28
% of women in the class38%
% of international citizens30%
Countries represented56

If you are planning to take the GMAT, we can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1970 reviews (as of November 2020). Why don’t you take a free trial and judge for yourself?

Pre-MBA industry of the incoming class of 2022

Consulting and Financial services are the dominant pre-MBA industry of the incoming class of 2022.

IndustryPercentage
Consulting 25%
Consumer Products 3%
Energy 4%
Financial Services 20%
Healthcare 5%
Manufacturing 2%
Non-Profit/Government10%
Other 12%
Private Equity/Venture Capital 8%
Technology 11%

Chicago Booth MBA Employment Report 2020

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 HiresMedian SalaryMedian Sign-On
Consulting38.2%$1,65,000$30,000
Consumer Products4.8%$1,15,000$30,000
Education/Government/Non-Profit0.7%Insufficient data Insufficient data 
Energy0.9%Insufficient data Insufficient data 
Financial Services30.3%$1,50,000$50,000
Diversified Financial Services5.3%$1,50,000$40,000
Insurance0.4%Insufficient data Insufficient data 
Investment Banking/Brokerage10.3%$1,50,000$50,000
Investment Management/Research5.3%$1,50,000$30,000
Private Equity6.4%$1,60,000Insufficient data 
Venture Capital2.6%$1,22,500Insufficient data 
Healthcare Products and Services3.5%$1,30,000$20,000
Healthcare Products/Medical Devices0.2%Insufficient data Insufficient data 
Healthcare Services1.8%$1,30,000$12,500
Pharmaceutical Products1.5%$1,24,000$22,500
Real Estate2.0%$1,27,500$25,000
Technology16.3%$1,40,000$40,000
eCommerce and Internet8.8%$1,35,000$45,000
Financial Technology0.7%Insufficient data Insufficient data 
Hardware1.8%$1,50,000$23,750
Software4.8%$1,48,750$32,500
Telecommunications0.2%Insufficient data Insufficient data 
Transportation Services/Equipment0.9%Insufficient data Insufficient data 
Other2.4%$1,25,000$32,500
All100.0%$1,50,000$30,000

If you are planning to take the GMAT, we can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1970 reviews (as of November 2020). Why don’t you take a free trial and judge for yourself?

Employment by Function

Consulting and Investment banking are the two functions that attracted 2020 Chicago Booth graduates.

FunctionPercent of HiresMedian Salary Median Sign-On
Analytics/Data Science1.5%$1,35,000$12,000
Consulting38.7%$1,65,000$30,000
Corporate Strategy/Strategic Planning6.2%$1,42,000$25,000
Finance34.7%$1,50,000$42,500
Company Finance (Analysis/Treasury)4.6%$1,30,000$35,000
Investment Banking13.4%$1,50,000$50,000
Investment Management/Research5.3%$1,50,000$30,000
Private Client Services0.2%NANA
Private Equity5.7%$1,50,000NA
Real Estate1.5%$1,25,000NA
Venture Capital4.0%$1,30,000NA
General Management5.9%$1,30,000$25,000
Information Technology – Analysis & Design0.2%NANA
Marketing4.8%$1,22,000$30,000
Brand/Product Management4.2%$1,20,000$30,000
Marketing – Other0.7%NANA
Operations – Production/Supply Chain Mgmt/Logistics1.3%$1,20,000$40,000
Product Management (Tech)6.6%$1,44,000$42,500
All100.0%$1,50,000$30,000

Employment by location

91.4% of the 2020 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.

RegionPercent of HiresNumber of HiresMedian Salary
United States91.4%416$1,50,000
Midwest32.7%149$1,60,000
Chicago29.5%134$1,60,000
Minneapolis1.8%8$1,25,000
West24.6%112$1,45,000
Bay Area14.5%66$1,50,000
Seattle6.2%28$1,38,095
Los Angeles3.7%17$1,40,000
Northeast22.6%103$1,50,000
New York18.9%86$1,50,000
Boston3.5%16$1,62,500
Southwest5.9%27$1,55,000
Dallas2.2%10$1,64,900
Austin1.5%7$1,37,500
Houston1.3%6$1,60,000
South3.3%15$1,65,000
Miami2.0%9$1,65,000
Atlanta1.1%5$1,65,000
Mid-Atlantic2.2%10$1,65,000
International8.6%39$1,16,747
Latin America and the Caribbean3.7%17$1,00,000
São Paulo1.8%8$85,126
Mexico City1.3%6$1,18,276
Asia2.9%13$1,18,000
Tokyo1.3%6$1,15,275
Europe1.3%6$1,14,656
Canada0.7%3Insufficient data
All100.0%455$1,50,000

Major Employers

Since the consulting industry was the biggest employer of Chicago Booth’s MBA graduating class of 2020, 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 EmployersNumber of Hires
McKinsey & Company, Inc.43
The Boston Consulting Group, Inc.42
Bain & Company, Inc.27
Amazon.com, Inc.20
Google LLC6
JPMorgan Chase & Co.6
PwC Strategy&13
Credit Suisse7
Goldman Sachs Group Inc.7
Citigroup, Inc.6
Microsoft Corporation5
Morgan Stanley6
Bank of America Corporation6
PIMCO6
Facebook 5
Kearney 5
William Blair5
Keystone Strategy 4
Ernst & Young LLP5
Moelis & Company LLC4
Accenture10
Lazard Freres & Co. LLC4

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

If you are planning to take the GMAT, we can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1970 reviews (as of November 2020). Why don’t you take a free trial and judge for yourself?

FAQs – Chicago Booth MBA Program

How long is MBA in Chicago Booth?

Chicago Booth MBA offers a 24 months, full-time MBA program.

What GPA do I need for Chicago Booth MBA?

The average GPA range for the incoming class of 2022 is 2.8-4.0.

How much is an MBA at Chicago Booth?

For the incoming Chicago Booth MBA batch 2020-2021, the MBA tuition fee is $73,440. However, there are other costs such as accommodation and the cost of living that you incur. Know if an MBA is worth it in 2021.

What GMAT score do I need for Booth MBA?

You need at least 700+ GMAT score for top business schools like Kellogg. The average GMAT score for the Chicago Booth MBA class of 2022 is 724.

Which are the top business schools in USA?

Some of the top MBA programs in 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 USA? Here is a guide for MBA in USA.

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