1999 Profile Update
School Statistics
Graduates' Comments
SURVEY DETAILS
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The University of Chicago rebounded five spots from No. 8 to No. 3 as the school experienced the greatest rise in MBA satisfaction and was voted the most improved program in the Top 25. Students ranked their school ninth best overall, pronouncing their teachers tops in their fields and praising faculty for offering the freshest classroom material. That's a far cry from 1996, when grads dropped a bomb, ranking the school a lowly 23rd. The school also got a boost by rectifying its once-dismal placement operation. This time around, exiting Chicago MBAs pulled down average total comp packages totaling $137,153 -- ninth-highest in the Top 25. And 54.3% of the students surveyed reported receiving a yearend bonus -- tops in the elite 25 B-school grouping. In addition, 97.7% of the Class of '98 had a job at graduation, good for second best in the Top 25. But it all comes at a price: Chicago grads left school an average of $54,200 in debt, the highest of the top 50.
Recruiters liked what they saw at Chicago. They rated Chicago grads numero uno in finance skills for the second straight time. They also liked the expertise Chicago MBAs demonstrated in accounting, global business, and technology, ranking them second, third, and fifth respectively. On a down note, however, Chicago could benefit from a bit more classroom diversity. At a meager 22%, the school has the lowest overall female enrollment, and a 5% underrepresented minority enrollment put them second from the bottom -- only Carnegie Mellon fared worse.
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STRATEGY FOR APPLICANTS
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Following the publicity surrounding Chicago's difficulties over the past couple of years, applications in 1998 dipped a bit, from 3,637 in 1996 to 3,517 in 1998. Don't expect the downhill trend to continue, however; that number is still 28 percent higher than the school received in 1992. Overall, as you might expect from a school with such a quantitative orientation, GMAT scores get considerable weight in consideration of applicants. In recent years, though, the school has begun to interview nearly all its applicants to assess their interpersonal abilities (some 90 percent of those admitted in 1998 were interviewed either on campus or by an alum). Be sure to schedule your interview at least a month before the application deadline you wish to meet; you can download and submit your application by computer or on paper. You can improve your odds by applying early, and if you're looking to get financial aid or want to start in the summer quarter, you've got to apply by the January deadline.
Chicago has also begun putting a lot of effort into getting its name before the public, so it wouldn't be surprising to find the school becoming significantly more selective in coming years (in 1998, Chicago admitted about 23 percent of those who applied). Marketing was among the skills stressed when the school announced the appointment of Carol Swanberg, who moved over from the admissions office at the University of Pittsburgh's B-school to become admissions director in 1998 after Don Martin was named Chicago's head of student services.
The school holds "Super Saturday" sessions on campus the Saturday after each application deadline, where 100 to 150 candidates are interviewed by alumni and have Q&A sessions over lunch with current students. There's also a Fall Preview weekend each fall for prospective applicants and an Admit Weekend in the spring for those already admitted who want to learn more about the school. Dean Hamada even engaged a worldwide search firm to find the school a director of marketing, Tessa Burton, who took the job in late 1997. Burton, a graduate of the London School of Economics who has an extensive background in marketing and advertising for both for-profit and nonprofit clients, including Chicago's public TV station, is expected to get the word out both internally and externally about the many changes taking place at Chicago these days.
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CURRICULUM
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Electives available in 1998: 128
New electives in past three years: 19%
The core curriculum was last revised in: 1997
Accelerated MBA program offered?
No
New Courses in Past Three Years
The Strategy Symposium, Business in the Electronic Economy, Organizations and Markets: Business Unit Strategy, Technology Strategy, Management Strategies for the Entrepreneurial Firm, Cultural Audit: Developing the Human Side of Global Business, Strategic Control Systems, Taxes and Business Strategy, The Politics and Economics of Development, History and Politics of East-Central Europe, Statistical Analysis of Qualitative Marketing Problems, Topics in Data Analysis, Data Driven Market Analytics, Strategy and Structure, International Strategic Management, Special Topics in International Business: Emerging Markets in South America, Innovation and Change in Organizations, Special Topics in Business Policy: The Practice of Strategy in Business, Advanced Competitive Strategy: Game Theory in Practice, Research in Behavioral Science: Psychological Aspects of Impression Formation and Social Judgment, Theory of Contracts and Organizations, Behavioral Finance, Lab in Developing Business Strategy for the Japanese Market, The European Union: Business and Politics, and Introduction to the Latin American Culture
Most Popular Electives
Entrepreneurial Finance and Private Equity, Cases in Financial Management, Financial Statement Analysis, Financial Instruments, Taxes and Business Strategy
Most Popular Professors
Steve Kaplan, Nicholas Barberis, James Schrager, Ming Huang, Robert Vishny, Abbie Smith, Linda Vincent, Austan Goolsbee, Edward Maydew
Majors or Concentrations Added in Past Three Years
Entrepreneurship, General Management, Strategic Management, Managerial and Organizational Behavior
Teaching Methods
Lecture: 50%
Case Study: 25%
Managment Labs, Projects, Simulations, Discussion: 25%
| Full-time faculty members: |
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109 |
| Adjunct or visiting faculty: |
53 |
| Average core class size: |
55 |
| Average elective class size: |
41 |
Laptop computer required?
No
Grading System
Letter grades of A, B, C, D, F are distributed throughout the academic year, with a maximum grade point average of 3.25 across all of a faculty member's sections of a course being given out in a quarter.
Exchange Programs or International Campuses
Australian Graduate School of Management; Chinese University of Hong Kong; Ecole SupÈrieure des Sciences Economiques et Commerciales (ESSEC); Rotterdam School of Management (Netherlands); ESADE - Escuela Superior de Administracin y Direccin de Empresas (Barcelona, Spain); FundaÁ“o Get™lio Vargas (S“o Paolo, Brazil); HEC - Hautes Etudes Commerciales (Jouy-en-Josas, France) IESE - Instituto de Estudios Superiores de la Empresa (Barcelona, Spain); Instituto Tecnolgico Autnomo de MÈxico; Leon Recanati Business School (Tel Aviv, Israel); London Business School; Manchester Business School (United Kingdom); Pontificia Universidad Catlica de Chile; Stockholm School of Economics; Universitý Commerciale Luigi Bocconi (Milan, Italy) University of Melbourne Graduate School of Management (Australia); Schweizerisches Institut f¸r Aussenwirtschaft (Switzerland); University of Vienna; Waseda University (Tokyo, Japan); Yonsei University (Seoul, Korea); Katholieke Universiteit Leuven (Belgium); London School of Economics; UniversitÈ Catholique de Louvain (Belgium)
Best Areas of Study
Finance, General Management, Accounting, International Business, Economics, Marketing, Strategy, Managerial Decisionmaking, Production and Operations Management
Areas School Would Like to Improve
All
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1998 PLACEMENT
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On-campus recruiters for graduates: 278
On-campus recruiters for first-year internships: 159
On-campus student full-time job interviews: approx. 6,843
On-campus student internship interviews: 5,210
Job opportunities posted via the Internet or E-mail: 1,179
Top Employers/Number of 1998 Hires
| McKinsey & Co. |
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34 |
| Andersen Consulting |
18 |
| Goldman Sachs |
18 |
| Lehman Brothers |
17 |
| A.T. Kearney |
17 |
| Deloitte & Touche |
16 |
| Boston Consulting |
15 |
| Merrill Lynch |
14 |
| J.P. Morgan |
14 |
| Booz Allen & Hamilton |
13 |
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ALUMNI NETWORK
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Number of living alumni: 31,528
Alums who gave to the school during the 1997/98 academic year: 26%
Median alumni gift: $1,376
Number of alumni clubs: 60
Number of dues-paying members: 9,160
Number of staffers devoted to MBA alumni relations: 14
Placement services offered for alumni?
Yes
Description of Alumni Placement Services
Chicago GSB has three full-time staff people plus two part-time support staff that provide alumni with career workshops, career coaching, online and telephone coaching, job search manuals, a yearly career conference, industry and company specific workshops, a GSB specific resume matching service, a career resource library, an alumni Career Opportunities Newsletter (hard copy and online), GSB Scoops (a list serv distribution career management advice newsletter), and numerous career-oriented events in coordination with alumni clubs. The school also makes available resources such as MBA Central and other resume matching services, as well as assessment tools on CD ROM.
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1999 Profile Update
School Statistics
Graduates' Comments
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Key Contacts
School Web Site
E-Mail:
admissions@gsb.uchicago.edu
Address:
Graduate School of Business
1101 East 58 Street
Chicago, IL 60637
Dean:
Robert Hamada
(773) 702-7121
Director of MBA Programs:
Mark Zmijewski
(773) 702-7121
Director of Admissions:
Carol Swanberg
(773) 702-7369
Director of Alumni Relations:
Danielle Palmer
(773) 702-7727
Director of Financial Aid:
Don Martin
(773) 702-7369
Director of Career Services:
Glenn Sykes
(773) 702-7023
Application Deadlines:
U.S.
March 19, 1999
International
March 19, 1999
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