ABOUT THE BOOTH MBA

The Booth MBA Program is a highly competitive program. The Full-Time MBA Program at Chicago Booth provides you with freedom: academic freedom, freedom to take risks, and freedom to define your impact on the world. Their multidisciplinary approach to problem-solving empowers you with frameworks for freethinking and sound decision-making. You are also welcomed into a collaborative community of faculty, alumni, and peers who will open doors for you and proudly support your success—as if it were their own.

Situated in Chicago-a major business center in the US, the job opportunities after graduation are varied. 

THE 2 YEAR MBA PROGRAM 

The Booth MBA is a 2 year MBA program based in New York. It ranks 7th globally in the Financial Times Global business school rankings. It comes with an admission rate of ~22%.

Booth Business School faculty members are world-renowned not only for generating new thinking in their fields but also for having a genuine impact on current business practices. 

By joining Booth you join a network you can always count on. You are connected to an alumni network made up of more than 10,000 leaders worldwide.

The tuition fee for one year is  $77,841. The total first-year budget is $115,062 including boarding expenses etc. 

Generous scholarships are offered to outstanding international candidates on a merit basis. Here are a few types of fellowships and scholarships available.

  • Merit-based Scholarship
  • Global Innovator Fellowships
  • Industry Fellowship Program

CLASS PROFILE

The MBA cohort typically represents a wide array of industries and professional backgrounds, providing a truly global learning experience.

The industry experience of students, prior to joining is also diverse, ranging from consulting, banking, and financial services to fashion and performing arts. About 49% are international or non-US students.

The average work experience for the full-time MBA is 5 years which ensures that students contribute richly to classroom learning by bringing forward their varied industry experience Peer-peer learning beyond the classroom is also facilitated through this.

At 42.3%, Booth has one of the best gender diversity ratios at B-schools throughout the world. The global highest stands at 43%. 

The average GMAT score for the incoming class is 732 and the range is from 590-790.

The infographic below depicts the Booth MBA class profile with statistics about the gender distribution, age, work experience, and geographical background of the students.

Source: https://www.chicagobooth.edu/mba/full-time/admissions/class-profile

COURSE CURRICULUM SUMMARY

Academics

Your MBA journey begins with LEAD, a hands-on, experiential course designed to help you identify your strengths and opportunities as a leader and integrate those insights into an active, intentional and ongoing process of leadership development. 

More than 100 elective MBA classes are offered. Booth believes in a multidisciplinary approach to an MBA education. The entire MBA experience can be customized by choosing subjects and concentrations. Their empowering curriculum is also rooted in the fundamentals of business: accounting, economics, psychology, sociology, and statistics. 

Out-of-classroom experience

Support for Startups 

Booth is home to the Edward L. Kaplan, ’71, New Venture Challenge, one of the top accelerator programs in the nation. And the Polsky Center for Entrepreneurship and Innovation provides the knowledge, skills, and experience you need to turn your ideas into successful companies, products, and services.

Self-Leadership 

Each year, Full-Time, Evening, and Weekend MBA students can attend several different weekend retreats. These retreats help you exercise self-leadership and take responsibility for your development.

Joining the student-led clubs gives you a unique set of opportunities to enhance your leadership skills, build relationships with peers and alumni, and network with business leaders through conferences and seminars.

PLACEMENT STATISTICS

Each year, Booth achieves high employment rates over 97.7% of each MBA class. 

The return on investment is huge given a median alumni salary after graduation of USD 155000.

92.7% of students were placed in the US and the rest were placed at other international locations.

These are the critical placement statistics.

Source: The official career report 2021

Management Consulting, Technology emerged as the 2 industries in which the majority of the class was placed. Close to 57.3% of the class goes to these industries post MBA.

About 34.4% of the class went to Management Consulting alone.

Top employers included Mckinsey & Co., Bain & Co., BCG, Amazon, Google, Goldman Sachs.

NOTABLE ALUMNI

Satya Nadella, CEO of Microsoft

Diana Garnick, Chief Income Strategist at TIAA

Eric Gleacher, American investor and financier

APPLICATION DETAILS

Admission Requirements

• Bachelor’s degree

GMATExecutive Assessment, or GRE score

Letters of Recommendation

2 letters of recommendation to be submitted before the application deadlines. 

The first step is to create an account in our application system. Once you’ve created your account, you may log in at any time to begin your application or return to one you already started. The application does not have to be completed in one sitting.

Application Deadlines

The $250 application fee is due when you submit your application.

Application Deadlines

Source: The official school website

Essay questions

Essay One: 

How will the Booth MBA help you achieve your immediate and long-term post-MBA career goals? (250 word minimum)

Essay Two:

 An MBA is as much about personal growth as it is about professional development. In addition to sharing your experience and goals in terms of career, we’d like to learn more about you outside of the office. Use this opportunity to tell us something about who you are. (250-word minimum)

Optional Essay:

Is there any unclear information in your application that needs further explanation? (300 word maximum)

Reapplicant Essay:

Upon reflection, how has your perspective regarding your future, Chicago Booth, and/or getting an MBA changed since the time of your last application? (Maximum 300 words.)

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