5807 South Woodlawn Avenue
Chicago
60637
Illinois
United States
School based in:
U.S.
Status:
Private
Graduate business school is accredited by:
AACSB International
Years in which the following programs were founded:
Full-time MBA: 1898
Part-time MBA : 1931
Executive MBA: 1943
Executive Education (non-degree): 1996
PhD program: 1996
Doctorate of Business Administration (DBA) program: 1920
Total graduate business school: 3361
Full-time MBA: 1125
Part-time MBA: 1568
Executive MBA: 559
PhD program:
109
Doctorate of Business Administration:
n/a
MS: N/A
MSA: N/A
Other: N/A
Graduate degree programs:
Other graduate degree programs:
IMBA International MBA
Address: 5807 S. Woodlawn Avenue
City: Chicago
Illinois
United States
Program Web site:
Program e-mail address:
Full-time program (months):
21
Recommended annual budget (Resident): $ 75,848
Recommended annual budget (Nonresident): $ 75,848
Full-time students in newest entering class (2007-08) that are:
Female: 35 %
International: 40 %
Married: 19 %
U.S. students only:
African American: 8.3 %
Asian American: 23 %
Hispanic or Latino American: 6.9 %
Multiethnic/Multiracial: 2.5 %
Native American, Alaskan Native or Pacific Islander American: 0 %
White (Non-Hispanic): 55 %
Ethnicity other than above: 0 %
Ethnicity not reported: 4.1 %
Students from following regions:
Africa : 1.6 %
Asia: 20 %
Eastern and Central Europe and Central Asia: 2.5 %
Latin America and the Caribbean: 5.9 %
Middle East: 2.0 %
North America: 62 %
Oceania : 0.1 %
Western Europe: 6.1 %
Percentage of students with dual citizenship: 7.7 %
Northeast: 26 %
Mid-Atlantic: 11 %
South: 10 %
Southwest: 2 %
Midwest : 35 %
West: 17 %
Possessions and territories: 0 %
Mean : 709
Median : 710
Applicants required to take the GMAT?
Yes
Middle 80% range GMAT scores:
From:
650
To:
760
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 Computer Based
TOEFL Paper-based Test
GMAT Score:
very important
Resume/Work Experience:
very important
Application Essays:
very important
Interviews:
very important
Recommendations:
very important
Undergraduate Transcripts:
very important
Mean months of work experience of newest entering class:
57
Median months of work experience of newest entering class:
53
Middle 80% range of work experience of newest entering class in months:
From:
35
To:
85
New entrants with one year or less of work experience:
1.7 %
Mean age of entering class:
28
Median age of entering class:
28
Applicant interviews are:
By invitation only
Admitted applicants who were interviewed:
100 %
Does the program have rolling admissions?
Full-time MBAs apply for financial aid through:
Dedicated financial aid office at the B-school
Mean MBA financial aid package for the current academic year:
56551
Median MBA financial aid package for the current academic year:
66250
On what basis are scholarships awarded?
a combination of need and merit
Full-tuition scholarships school will award during the upcoming academic year:
160
How does an applicant apply for scholarship consideration?
As part of the admissions application
Guaranteed loan regardless of nationality:
Yes
Full-time faculty employed by the B-school:
123
Adjunct or visiting faculty:
49
Permanent/tenured professors:
64
Tenured faculty who are women:
6 %
Tenured faculty who are underrepresented minorities:
2 %
Is there a wireless network in main B-school buildings?
Yes
Technology improvements in the last three academic years:
Community Directory System The GSB implemented in the summer of 2005 a web-based Student and Alumni system. The Community Directory provides an online resource Students and Alumni can use to connect with the GSB community throughout all phases of their academic and professional life. The Community Directory makes it easy for Student and Alumni to tap into a network in ones industry; locate a possible mentor, make a career change, find a service provider, stay involved with the GSB; promote your business and so much more. In April, 2006, the Community Directory was rolled out to Faculty and Staff. The GSB now has a comprehensive web-based tool where GSB constituents can network and share information. GSB Web The GSB Web site was given a new look with enhanced search capabilities and updated content. The new web offers an easy to navigate menu organized around communities. Web-based Application Submission System The GSB introduced a web-based MBA and PhD programs online application submission system in the summer of 2002 and upgraded in the 2004. The system provides the capability to compose and submit applications for any of the various MBA and PhD programs, including Full time MBA Evening MBA Weekend MBA PhD Programs Executive MBA programs Applicants can follow on-line the status of their application from submission to announcement. Lead Program In the summer of 2005 and upgraded in the summer of 2006, a web-based 360 feedback system was implemented for the Leadership Effectiveness and Development (LEAD) Program. First year students use the system to provide qualitative and quantitative 360 feedback to facilitators and colleagues on such topics as; team dynamics, conflict management, and executive communication, The New Hyde Park Center The Hyde Park Center was opened in the summer of 2004 offering the latest in classroom technology and Audio Visual systems. Each classroom is equipped is three projectors, document camera, DVD, VCR, PC, laptop, assisted listening system for the hearing impaired, classroom recording, video conferencing, wireless network, wired network and much more. Students use the plasmas / LCDs in the 31 study rooms to collaborate on group projects.
Amount spent:
$ 15,349,726
Average students in a full-time MBA core class:
59
Average students in a full-time MBA elective class:
53
Elective courses available to full-time MBA students in the 2006-07 academic year:
77
Concentrations and specializations offered to full-time MBA students:
Accounting
Economics
Entrepreneurship
Finance
General Management
Human Resource Management
International Business
Marketing
Operations Management
Organizational Behavior
Strategy
Joint-degree programs offered to full-time MBAs:
MBA/JD (Law)
MBA/MD (Medicine)
MBA/PhD
Other
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:
Accounting
Economics
Entrepreneurship
Finance
General Management
Marketing
Strategy
Requirements for graduation:
Students must have attended a minimum number of classes
Students must have earned a pre-determined GPA/Letter grade average
Professional clubs available to full-time MBA students:
Business Law
Consulting
Corporate Social Responsibility/NetImpact
E-business
Entrepreneurship
Finance
High Tech
Investment Banking
Marketing
Media & Entertainment
VC/ Private Equity
Other
Networking clubs available to full-time MBA students:
Black MBA Association
Gay/Lesbian/Bisexual
Hispanic Student Organization
International Club
Partners/Family
Volunteer
Wine
Women in MBA
Other
Living MBA alumni:
41,357
Active MBA alumni clubs
86
Countries in which MBA clubs exist
37
Did school receive an individual gift in excess of $10 million in past academic year?
Yes
The business school's total endowment as of June 30, 2007
$ 449,449,997
Does the main university have an alumni networking Web site?
Yes
University alumni networking site:
Does the main university offer career placement services for alumni?
Yes
Does the B-School have an alumni networking site:
Yes
Business school alumni networking site:
Do current MBA students have access to an alumni database?
Yes
Graduates seeking full-time professional MBA employment: 95 %
Graduates not seeking employment: 4.8 %
Graduates for whom you have no information regarding employment: 0.7 %
Annual job-searching trips that the school coordinates or participates in:
Destination: New York, NY, San Francisco Bay Area, Los Angeles, Seattle, Minneapolis, Hong Kong, Boston Shanghai
Month: December
Amount Paid By School: None
Destination: London
Month: November
Amount Paid By School: None
Top recruiting firms and the number of full-time MBAs hired in the past 12 months:
Company/No. Hired: McKinsey & Company, Inc. (33)
Company/No. Hired: Lehman Brothers and Merrill Lynch (19)
Company/No. Hired: Deutsche Bank and The Boston Consulting Group (18)
Company/No. Hired: Goldman, Sachs & Co. (16)
Company/No. Hired: Bain & Company and Citigroup (13)
Company/No. Hired: UBS (12)
Company/No. Hired: Booz-Allen & Hamilton (11)
Company/No. Hired: Morgan Stanley (10)
Company/No. Hired: Bank of America (9)
Company/No. Hired: Credit Suisse and J.P. Morgan Chase & Co. (8)
Company/No. Hired: Barclays and Deloitte & Touche USA LLP (7)
Mean base salary for most recent graduates: $ 103,219
Median base salary for most recent graduates: $ 100,000
Mean signing bonus for most recent graduates: $ 27,682
Median signing bonus for most recent graduates: $ 25,000
Mean other guaranteed compensation for most recent graduates: $ 34,067
Median other guaranteed compensation for most recent graduates: $ 20,000
Job-accepting graduates who received a signing bonus:
78 %
Graduating students who accepted jobs in the following functional areas:
Consulting: 26 %
Finance/Accounting: 55 %
General Management: 7.5 %
Human Resources: 0.2 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 7.5 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 1.0 %
Other: 2.6 %
Graduating students who accepted jobs in the following industries:
Government (Federal, State, Local, Military): 0 %
Consulting: 24 %
Consumer Products: 5.0 %
Financial Services: 51 %
Manufacturing: 2.8 %
Media/Entertainment: 0.4 %
Non-Profit: 1.2 %
Petroleum/Energy: 2.6 %
Pharmaceutical/Biotechnology/Health care Products: 2.6 %
Real Estate: 0.8 %
Technology: 6.3 %
Other: 3.2 %
Graduates who accepted full-time jobs in the following regions:
Africa: 0 %
Asia: 9.7 %
Eastern and Central Europe and Central Asia: 0 %
Latin America and the Caribbean: 1.8 %
Middle East: 0 %
North America: 80 %
Oceana: 0 %
Western Europe: 7.9 %
Within North America, graduates who accepted full-time jobs in the following regions:
Northeast: 39 %
Mid-Atlantic: 3.0 %
South: 2.2 %
Southwest: 4.2 %
Midwest: 37 %
West: 14 %
Possessions and territories: 0 %
Canada: 0.5 %
Top Companies - Internships:
Company/No. Hired: Lehman Brothers (25)
Company/No. Hired: Mmerrill Lynch (23)
Company/No. Hired: J.P. Morgan Chase & Co. (20)
Company/No. Hired: UBS (19)
Company/No. Hired: Barclays, Booz-Allen & Hamilton and Goldman Sachs (18)
Company/No. Hired: Morgan Stanley (17)
Company/No. Hired: Deutsche Bank (15)
Company/No. Hired: Bank of America and McKinsey & Company (14)
Company/No. Hired: Credit Suisse (12)
Company/No. Hired: Citigroup and The Boston Consulting Group (11)
Company/No. Hired: Bain & Company (10)
Internships awarded that are paid:
99 %
Average internship length in weeks:
10
One of the biggest assets of the program was the professors' availability to meet with students and discuss both personal and school-related issues. Having formed personal friendships and professional relationships was a tremendously valuable experience and a recommendation for all students. --Venture Capital/Private Equity
Chicago GSB was a fantastic experience that I doubt I could replace anywhere. Dean Snyder has done remarkable things with the school and is taking the school to another level entirely. --Finance
The University of Chicago's MBA program forces you to question conventional thinking and arrive at fact-based answers. In today's corporate world, those traits are essential. --NA
The curriculum is very flexible so I was able to custom-tailor my MBA experience. --Finance
The quality of teachers is extremely high. Professors are setting trends; writing books and researching-- all the while being clear and accessible teachers. Marketing
The program teaches fundamental business principles, trains you to think critically, and immerses you in the latest research surrounding cutting-edge business practices.--NA
Chicago has to be the least pretentious of all top business schools. I have been amazed at how down-to-earth the people are and how hard they work. It's just a good place full of great people. --Finance
Chicago is perfect for those looking to switch careers because the school emphasizes teaching the fundamentals. --Investment Banking
Chicago is not for everyone. You need to have a plan when you get here. The school is best suited for independent people who can take responsibility for their own career.--Consulting
I came to business school feeling that as an investment banker I had mastered finance. Chicago GSB allowed me to go above and beyond what I had learned on the job and prepared me for the next level through excellent courses in strategy and leadership that will complement the best in class finance courses that I took. Further, the friends that I made at GSB made it easier for me to settle down in the United States.--Investment Banking
The quality of the education and the faculty are exceptional. Job opportunities after school in a good market like today make all the expenses incurred during the two years worth it.--Consulting
Superb faculty, students, and overall experience. If you love business than Chicago is a fantasy.--Investment Banking
My expectations about the GSB going in were that it was strong in finance (my preferred path) and up to par on everything else. I found, quite to my great delight, that the finance was as expected while everything else vastly exceeded my expectations, creating a more rounded experience.--Finance
Links to BusinessWeek B-school resources to help get you in, pay for it, and get a great job.