Program Basics

• • Full-time MBA Program
  • Booth School of Business
  • 5807 S. Woodlawn Avenue
  • IL
  • Chicago, 60637, Illinois
  • United States
  • Program Web site: http://ChicagoBooth.edu/fulltime
  • Status: Private
  • Program e-mail address: admissions@ChicagoBooth.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 3,332
  • Full-Time MBA: 1,160
  • Part-Time MBA: 1,501
  • Executive MBA: 555
  • PhD Program: 116
• • International MBA (IMBA)

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $109,272.00
  • Nonresident: $109,272.00
  • Recommended annual budget (Resident): $85,488.00
  • Recommended annual budget (Nonresident): $85,488.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• • Does the program have rolling admissions? No
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Important
  • Application Essays: Important
  • Interviews: Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 4,169
  • Applicants who were accepted to the most recent class: 22 %
  • Admitted applicants who enrolled in the newest class: 63 %
  • Applicants who were re-applicants from prior years: 7 %
  • Applicant interviews are: By invitation only
  • Admitted applicants who were interviewed: 100 %

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 35 %
  • International: 33 %
  • Married: 18 %

• Students from following regions:

  • Africa: 2 %
  • Asia: 19 %
  • Europe: 6 %
  • North America: 62 %
  • Latin America and the Caribbean: 10 %
  • Oceania: 1 %
  • Dual citizenship: 8 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 8 %
  • Asian American: 24 %
  • Hispanic or Latino American: 7 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 58 %
  • Chose not to report: 2 %
  • Other: 0 %
• • Mean months of work experience of newest entering class: 58
  • Median months of work experience of newest entering class: 57

• Middle 80% range of work experience of newest entering class in months:

  • From: 36
  • To: 85
• • Median age of entering class: 27
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? Only to domestic students

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (incoming class):

  • 25th Percentile 700
  • 10th Percentile 670
  • 50th Percentile (median) 720
  • 75th Percentile 750
  • Average GMAT Score 719
  • 90th Percentile 760

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 58
  • Average number of students in a full-time MBA elective class: 48
  • Elective courses available to full-time MBA students: 83

• Electives that have been added to the full-time program since June 30, 2010:

  • Social Network Analysis
  • China's Economy
  • Global Entrepreneurial Finance
  • Advanced Negotiations
  • Digital Marketing Strategy

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Entrepreneurship
    • General Management
    • Marketing
    • Accounting
    • Human Resource Management
    • Operations Management
    • Strategy
    • Economics
    • Organizational Behavior
    • International Business
  • Analytic Finance, Analytic Management,Econometrics and Statistics,

• Joint-degree programs offered to full-time MBAs:

  • • MBA/JD (Law)
    • MBA/MD (Medicine)
    • Other
    • MBA/PhD
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Entrepreneurship
    • Marketing
    • Accounting
    • Economics

FACULTY

• • Faculty employed by the B-school: 195

• Full-time faculty:

  • Tenured: 88
  • Non-Tenured: 81

• Adjunct/Visiting Faculty:

  • Tenured: 0
  • Non-Tenured: 46

• Women on Faculty:

  • Tenured: 4
  • Non-Tenured: 30

• Minority Faculty:

  • Tenured: 10
  • Non-Tenured: 18

• International Faculty:

  • Tenured: 20
  • Non-Tenured: 49

• Faculty with PhDs:

  • Tenured: 68
  • Non-Tenured: 108

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • High Tech
    • Investment Banking
    • Media & Entertainment

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

• • Technology improvements in the last three academic years: Implemented a moble enabled admissions system, a disaster recovery/business continuity site, Microsoft share point, a program of study tool, digital signage,wireless network upgraded, web-based recruiter and student global talent system, on-line curriculum, identity management system
  • Amount spent: $18,007,421.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 45,995
  • Active MBA alumni clubs: 88
  • Countries in which MBA clubs exist: 38
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $550,442,246.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 90 %
  • Graduates not seeking employment: 10 %
  • Graduates for whom you have no information regarding employment: 0 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: New York City - Investment Banking & Brand Management & Global Markets & Retailg
  • Month: December
  • Amount Paid By School: 0
  • Destination: South America - Infrastructture
  • Month: March
  • Amount Paid By School: 0
  • Destination: London - Investment Banking
  • Month: November
  • Amount Paid By School: 0
  • Destination: West Coast - Media/Tech/Retail/CPG
  • Month: December
  • Amount Paid By School: 0
  • Destination: Hong Kong - Bank Week
  • Month: December
  • Amount Paid By School: 0

• Primary source of job offer:

  • School-facilitated activities: 84 %
  • Graduate-facilitated activities: 17 %
  • No information provided by graduate: 0 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 86 %
  • Received first job offer in three months following graduation: 7 %
  • Did not report having received a job offer: 7 %
  • Accepted first job offer by graduation: 82 %
  • Accepted first job offer in three months following graduation: 7 %
  • Did not report having accepted a job offer: 10 %

• Top recruiting organizations most recent academic year:

  • McKinsey & Company, Inc. 39
  • The Boston Consulting Group, Inc. 19
  • Bain & Company, Inc. 16
  • Morgan Stanley 15
  • Booz & Company, Inc. 12
  • Credit Suisse 11
  • Deutsche Bank AG 11
  • Bank of America Merrill Lynch 8
  • JP Morgan Chase & Co 8
  • Accenture 7
  • Citigroup, Inc. 7
  • A.T. Kearney, Inc. 6
  • Goldman Sachs Group Inc. 6
  • L.E.K. Consulting & Procter & Gamble Co (6 ) 6 & 6
  • Pacific Investment Management Co LLC 6
• • Job-accepting graduates who received a signing bonus: 65 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $113,220.00
  • Median base salary: $107,000.00
  • Mean signing bonus: $27,680.00
  • Median signing bonus: $24,971.00
  • Mean other guaranteed compensation: $35,446.00
  • Median other guaranteed compensation: $25,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 29 %
  • Finance/Accounting: 45 %
  • General Management: 13 %
  • Marketing/Sales: 11 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 1 %
  • Other: 1 %

• Graduating students who accepted jobs in the following industries:

  • Consulting: 28 %
  • Consumer Products: 8 %
  • Financial Services: 41 %
  • Manufacturing: 3 %
  • Media/Entertainment: 1 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 3 %
  • Pharmaceutical/Biotechnology/Health Care: 2 %
  • Real Estate: 1 %
  • Technology: 10 %
  • Other: 2 %

• Graduates who accepted full-time jobs in the following regions:

  • Asia: 7 %
  • Europe: 5 %
  • North America: 84 %
  • Latin America and the Caribbean: 3 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 33 %
  • Mid-Atlantic: 3 %
  • South: 3 %
  • Southwest: 4 %
  • Midwest: 39 %
  • West: 17 %

• Top recruiting organizations for internships, most recent academic year:

  • Credit Suisse 19
  • McKinsey & Company, Inc. 19
  • The Boston Consulting Group 18
  • Bank of America Merrill Lynch 17
  • JP Morgan Chase & Co. 16
  • Morgan Stanley 16
  • Bain & Company, Inc. 14
  • Goldman Sachs Group Inc. 12
  • A. T. Kearney, Inc. 11
  • Citigroup 11
  • Deutsche Bank AG 11
  • Barclays Capital 10
  • Deloitte Consulting 9
  • UBS AG 8
  • Accenture & Google & Nomura International plc (6 ea 6 and 6 and 6
• • Internships awarded that are paid: 97 %

• Weekly internship compensation:

  • Mean: $1,781.00
  • Median: $1,944.00
• • Average internship length in weeks: 10

SCHOOL COMMENTS

• • School Comments: survey is not user-friendly

• • -My friends and colleagues are similar to me in that they enjoy being quantitatively challenged. Chicago Booth is a quantitatively challenging school, so many of my friends and colleagues would be a great fit for the school.
    
    -The Chicago Booth MBA is a transformational experience far exceeding initial expectations. The greatest motivator for recommending the school to others is the deep respect I have for the rigor of the academics and for the world leading faculty. At no other institute will one be exposed to world leading, Nobel prize caliber business and economic teachings as they evolve from Nobel prize winning faculty themselves. Chicago has written the book on a number of the business fundamentals we now take for granted and I would encourage anyone who can, to be part of that history.
    
    -The school offers the best career support system with so many career advisors on the road meeting companies while updating their progress daily via a blog!
    
    -I believe it's an outstanding school overall. The flexibility of the curriculum gives you the ability to focus on your areas of interest and also to work on reinforcing your weak spots.
    
    -Business school is more about people than probably anything else. Booth's people were not only fun, they were genuine, honest, and humble. I didn't know that is what I would get when I applied, but it is certainly what I saw when I arrived. In addition, Booth really focuses on making sure you have the fundamentals down. The school always drills into specific business examples, but they really give you the main foundation upon which to be successful.
    
    -I was extremely pleased with the quality of education at Booth. My classmates came from remarkable backgrounds and it didn't seem that the class was heavy in any particular area of experience.
    
    -My value as an employees has increased in multiples. I had access to companies that some of my peers at other schools did not. In addition, the education was rigorous and during the summer internship I found it easy to keep up with the work assigned to me.
    
    -I have found the caliber of classmates at Booth to far exceed my expectations. The students here want to be challenged and work hard not just receive a "rubber stamp" of approval before moving into leadership positions. The analytical rigor is world class and students are surprisingly well balanced not what I had imagined as "quant jocks." The marketing and entrepreneurship studies are top in their class but often get overshadowed in national rankings. I never realized before that in addition to finance/investment banking jobs, Booth sends more students to top tiered consulting companies (ie. McKinsey) than any other business school in the world.
    
    -The financial crisis completely blindsided career services. They did not expect the tightening up in the job market. Although job and internship placement remained somewhat close to previous years, it did not show how many people had to take second or third choices
    
    -I was concerned about the social aspects (of lack thereof) at the school. I really found that the education vastly exceeded expectations and the social aspects exceeded expectations as well, though less so. Further, I think the school's mix of team based assignments and individual work is excellent as one of my big concerns about b-school was that many of the programs seem to emphasize the group over the individual. The experience was excellent and helped me make the career switch I wanted to make, despite the rough recruiting environment. More importantly, I developed critical new tools that I will use throughout my career.
    
    -It is a school where any independent thinker can truly make the most of their MBA education. I came to Booth expecting great coursework in finance and economics. I was surprised and impressed by the strengths of our marketing and organizational behavior faculty. The school is much more well-rounded than people realize.
    
    -I was blown away with the school's entrepreneurship department. In particular, I was impressed with the commercializing innovation and entrepreneurial finance and private equity class. These classes are best in class.
    
    -The MBA program goes way beyond academics. It is a very immersing experience that allows me to focus on, and develop abilities that will be very helpful during the upcoming years. For example, the university is very involved with the community and thus gives its students access to great leadership opportunities to get hands on experience of concepts learned in class.
    
    -I expected business school to be competitive, given the difficult recruiting ahead of us, but I found an incredibly supportive atmosphere, one that friends at other business schools did not seem to experience. Students seemed cognizant of the recruiting difficulties and would drop interviews to allow others at school to fill interview slots after securing a position, instead of hoarding interviews and job offers. People reached out to old employers to introduce classmates and helped each other network. As a career switcher, I found this support (as well as support from career services) invaluable.
    
    -In a poor job market the recruiting process is overly competitive and stressful, to the point where it compromises learning in the classroom. Unfortunately, this year it felt like an intense job placement process with a few free lectures thrown in.