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University of Chicago Booth School of Business
N/A(0)
VerifiedPublicEstd. 1898
Founded
1898
Type
Public
University Guide
About University of Chicago Booth School of Business
Explore overview, courses, fees, admissions, campus life, scholarships and student accommodation guidance in one premium Admistay guide.
Why Study at Chicago Booth School of Business?
- Programs: Programs at Chicago Booth Business School include full-time, part-time, and executive MBA programs as well as doctorate programs in business. In addition to that, the school also offers Early Career MBA programs, Joint-Degree programs, Civic Scholars program and pathways to MBA for undergraduates.
- Campus: There are over 70 student-led groups, organizations, and clubs in both the Chicago Booth campuses. Students at booth can apply to live in one of 1,300 units in 28 buildings at housing price of ranging upto 3,800 USD per month (~2.83 lakhs).
- Cost of Attendance: The average annual tuition fee at is USD 99,892 i.e approximately 74.58 lakhs. In addition to this, international applicants must be prepared to spend an average amount of USD 41,014 which is equivalent to 30.63 lakhs.
- Financial Aid: Booth offers merit-based scholarships based on academic merit, prospective concentration, interview performance, competitiveness, career goals and life experiences. One such scholarship is Jane M. Klausman Women in Business Scholarship offered to women pursuing degrees in the field of business.
- Placement: Chicago Booth School of Business has experienced a growth of 4% in placement trends for over a span of 9 years ranging between 2013-2021. In 2021, 92.9% students had job offers at graduation and 97.7% had offers at three months, which was a substantial increase. Also Check: Job Opportunities at Booth Business School.
Chicago Booth School of Business Rankings
- #10 as per LinkedIn Top MBA Colleges 2024
- #1 in Executive MBA, by US News and World Report, 2022.
- #2 i Finance by US News and World Report, 2022.
- #3 in Best Business Schools by US News and World Report, 2022.
- #1 in Part-time MBA according to US News and World Report, 2022.
- #5 in Accounting by US News and World Report, 2022.
- #6 in Business Analytics, by US News and World Report, 2022.
Highlights
| Institution Type | Private |
| Foundation Year | 1898 |
| Student population | 26,000 |
| The student to faculty ratio | 6:1 |
| Application cost | 175 USD |
| Accreditation | Association to Advance Collegiate Schools of Business (AACSB) |
| English Language Proficiency Tests | TOEFL, IELTS, PTE |
| Average Cost of Attendance | 110,328 USD |
| Financial Aid for International Students | Scholarship and Private Loans |
| Official School Website | https://www.chicagobooth.edu/ |
Chicago Booth School of Business Campus
University of Chicago Booth School of Business has two campuses in the United States situated in the heart of a world-class, diverse, energetic, and dynamic business city. The school also has permanent campuses outside the United States in Hong Kong and London. The two Chicago Booth School of Business campuses in USA are the Charles M. Harper Center in Hyde Park offering Full-Time MBA and Executive MBA programs and Gleacher Center in Downtown Chicago offers Evening MBA, and Weekend MBA Programs.
Chicago’s one of the most beautiful architectural structures Charles M. Harper Center is the global headquarters of the business school and it houses the faculty, administrative, program, and research centres. Other facilities housed in the Charles M. Harper Center campus include classrooms, art studios, cafés, study and workspaces, student lounge, lockers, winter garden, summer garden, etc. Students have access to free campus shuttle service to and from the two nearby airports in Chicago, Midway and O’Hare, can enjoy discounted rates at downtown Chicago hotels, access student events on weekends, connect to faculty, academic advisors, the administrative office, and Career Services.
There are over 70 student-led groups, organizations, and clubs in both the Chicago Booth campuses in the U.S. The London campus of Booth is located near St. Paul's and offers interactive courses and events, the Executive MBA Program and Executive Education course and houses the London Conference Center. The Yuen campus in Hong Kong offers the Executive MBA Program and Executive Education non-degree courses for local professionals. The campus houses the Hong Kong Jockey club program on Social Innovation and the Polsky Center for Entrepreneurship and Innovation.
Chicago Booth School of Business Housing
The University of Chicago Booth School of business does not offer any campus-housing services to the students. However, there are many off-campus student housing in U.S. Accommodation is available in the ‘Loop’, in apartments in Lincoln Park and River East apartments, and several hotels around campus. International students can find suitable living spaces in such apartments as these cater to students of different ethnicities.
The Loop is Chicago’s luxury condominium buildings interspersed among office high rises where people live, work, and play. It is also home to several large-scale mixed-use developments with amenities such as grocery stores and schools. There are many restaurants in the district and at Revival Food Hall, which is a marketplace that accommodates over 12 of the city’s favourite eateries. Housing rates range from 1,400 USD to 3,800 USD per month depending on the choice of accommodation.
Chicago Booth School of Business Programs
To meet the professional goals and needs of students, Chicago Booth School of Business offers four types of MBA - the Full-time MBA, Global Executive MBA, Evening MBA and the Weekend MBA. The full-time MBA is a 21-months program for professionals with three to seven years of work experience. The program provides a multidisciplinary approach to business education with fundamental courses like statistics, psychology, accounting, economics, and sociology.
The two part-time MBA programs - Evening MBA and Weekend MBA are designed for professionals working full-time. However, both the programs follow the same curriculum as the full-time MBA program. Full-time MBA students can choose up to 3-4 courses each quarter along with one required course in LEAD, a hands-on experiential, leadership exploration and development program. LEAD is an integral part of all the MBA programs offered at Booth Business School. However, the program format may vary for full-time MBA, Executive MBA, Evening and Weekend MBA.
All full-time MBA, Evening or Weekend MBA students have the option to customise their MBA program by taking up courses and specialisations of their choice. The specialisations are offered in 13 study areas which include MBA in finance, entrepreneurship, economics, international business, general management, business analytics, marketing management and the like. The Executive MBA program offered by Chicago Booth Business School is for experienced professionals with work experience of eight to twenty years. The duration of the course is of 21 months.
Chicago Booth School of Business Application Process
Applicants seeking admission are required to possess a university or college degree equivalent to a four-year American baccalaureate degree. They also need to submit standardised test results such as GMAT, GRE, or Executive Assessment (EA) Scores.
Application Portal: Online Application Portal
Application Fee: 175 USD for a part-time program
Supporting Documents:
- Transcripts and/or undergraduate certificate
- Proof of English language proficiency
- Letters of Recommendation
- Professional Resume
- Essay Questions
- Statement of Purpose for MBA
Chicago Booth School of Business Cost of Attendance
An estimated cost of attending Booth Business School for three quarters or nine months at the University of Chicago is given in the table below -
| Category | Cost in USD |
|---|---|
| Average Tuition Fee | 99,892 |
| Books & Supplies | 2,380 |
| Room & Board | 23,040 |
| Graduate Student Services Fee2 | 1,728 |
| Personal/Misc. | 4,200 |
| Transportation | 3,540 |
| Est. Loan Fees (For Federal Direct Loan Borrowers) | 1,560 |
| Est. Health Insurance (if required) | 4,566 |
| Total Living Expenses & Fees | 1,40,906 |
Also Check: MBA in USA Fees for Indian Students
Chicago Booth School of Business Scholarships
Full-time MBA students are open to various forms of financial aid like Merit-Based Scholarships, Global Innovator Fellowships, Industry Awards, Leadership Awards, External Awards, etc. For Evening MBA and Weekend MBA admitted students, there is a limited number of merit-based scholarships. Merit-based awards do not require any application as scholarship decisions are based solely on the applicant’s MBA application. The award amounts vary, and recipients are notified two to three weeks after the offer of admission.
Students on the London campus can borrow from independent financial institutions like Prodigy Finance and Lendwise. While students at the Hong Kong campus may only be able to borrow from Prodigy Finance and other lenders. Apart from the above stated, students from India can go for loans from Allahabad Bank, Bank of Baroda, Credila, Credila Education Loan, HDFC, and Syndicate Bank. There are several Regional Scholarships and Fellowships available for foreign students, like,
- A. H Tobaccowala Fellowship and Ramakrishnan Family Scholarship for Indian nationals,
- The Ehara Scholarship for students from Japan,
- The Nelson Germanos Fellowship for students from Brazil,
- Ramakrishnan Family Scholarship for candidates of Indian Nationality.
The following scholarships are also available to international MBA students:
| Scholarship Name | Scholarship Amount | Eligible Applicants |
|---|---|---|
| Aga Khan Foundation International Scholarship Program | 50% grant and 50% loan | Students from developing countries |
| Jane M. Klausman Women in Business Scholarship | 8,000 USD | Women students |
| Jhunjhunwala Family Executive MBA Scholarship | 50,500 USD | Female first-generation students from India, Indonesia, Singapore |
Chicago Booth School of Business Alumni
The Chicago Booth Alumni has a community of over 10 members and is supported by 60+ alumni clubs worldwide. Around 10,000 Approximate number of Booth alumni are in C-suite roles globally and 75% of alumni attribute a significant part of their professional success to Chicago Booth.
Notabel Alumni:
- Andrew Alper- President of the New York City Economic Development Corporation
- Joe Mansueto- Chairman and CEO of Morningstar, Inc.
- Matt Maloney- Co-founder and CEO of GrubHub
- Satya Nadella- CEO at Microsoft
- James O. McKinsey- Founder of McKinsey & Company
Chicago Booth School of Business Placements
As per the employment report published by Chicago Booth School of Business, around 93% of students reported having received full-time job offers three months after graduation. Around 87.5% of international students received job offers at the time of graduation. Moreover, around 27.3% of international graduates received a median salary of 150,000 USD. The table below shows the salary of Booth Business School graduates by degree -
| Degree | Salary in USD |
|---|---|
| MBA | 173,000 |
| Masters in Management | 234,000 |
| Executive MBA | 188,000 |
| Masters in Finance | 238,000 |
| LLM | 264,000 |
| Doctorate | 159,000 |
Also explore: MBA jobs in the USA
The Career Services team at Chicago Booth organizes Employer-Facing events and programs like Campus Recruiting Activities, Campus Interviewing, Online Job Postings, Resume Referral Service, and Industry Treks, apart from offering Career Learning Programs and Career Research Resources to the students.
Prominent employers of graduates of Booth include McKinsey & Company Inc, Google, JPMorgan Chase & Co., PwC Strategy, Citigroup, Inc., Morgan Stanley, Microsoft Corporation, Apple Inc., Ernst & Young LLP, Wal-Mart Stores Inc, Bain, Coca-Cola, Boston Consulting Group, Accenture, Amazon, etc.
University of Chicago Booth School of Business is known for ‘The Chicago Approach’ which is an analytical, enduring style of business education. This approach helps the best and brightest minds to convert their ideas and talents into action and create a meaningful impact in the world. At Booth, students will be surrounded by a supportive, inspiring community that is dedicated to helping them succeed in their field. Booth students are also continually challenged, encouraged to take risks, share ideas and embrace diverse perspectives so that they ultimately emerge as future global leaders.
Courses & Fees
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Courses
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₹77,57,900.91
Exams
TOEFL · IELTS
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Admission Guide
Admission Process
Chicago Booth School of Business admissions are offered to MBA, PHD and executive programs in different business and management domains. Admissions at Chicago Booth School of Business are reported to be highly selective, admitting only 23.5% students. The admission process is based on a holistic approach, where factors like work experience and academic background are taken into consideration. International may choose from MBA porgrams in different modes and variouis Joint PhD degrees. To be eligible for Chicago Booth MBA, an applicant must maintain a GPA between 2.4-4.0 (74-100%) in bachelor’s degree along with a GMAT score between 600-780. The recently admitted MBA students had average GPA of 3.6 (91%) in bachelor’s an GMAT score of 729. Some MBA students also submitted GRE results with average score of 163 in quantitative section and 162 in verbal section.
For admissions to PhD degree at Chicago Booth, the admissions seeking students must achieve a GPA of 3.87 (97%) or above in recently completed master’s degree along with high GMAT/GRE scores. The recently admitted PhD applicants demonstrated an average GMAT score of 725. The average of students with GRE results was 169 in quantitative section. Around 42% of the admitted applicants were advanced degree holders. International applicants planning to apply for Chicago Booth School of Business admissions may submit their application using the official online portal for both MBA and PhD degrees. An application fee of 250 USD (20,824 INR) is required for full-time while a non-refundable fee of 80 USD (6,663 INR) is required for PhD application.
Chicago Booth School of Business Top Programs
| Programs | Academic Requirements | Duration | Test scores | Application Fee | Application |
|---|---|---|---|---|---|
| Full time MBA | Bachelor's degree in any discipline with an average GPA of 2.4-4.0 (74-100%) | 21 months | GMAT: 600-780 | GRE: 1480-170 in Quant and 149-170 in Verbal | 250 USD (20,460 INR) | Apply Now |
| Evening MBA | Bachelor's degree in any discipline in the GPA range of 2.9–3.8 | 5 years allowed | GMAT: 620-750 | GRE: 159 (Q), 159 (V) | 175 USD (14, 322 INR) | Apply Now |
| Executive MBA Program | Bachelor's degree in any discipline | 22 months program | GMAT: 704 | 175 USD (14, 322 INR) | Apply Now |
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Table of Contents |
Chicago Booth School of Business Admission Deadlines
The following deadlines must be adhered by MBA applicants making an application to Booth School of Business:
| Programs | Deadlines |
|---|---|
| Master of Business Administration | Round 2 [ Jan 4, 2024 ] | Round 3 [ Apr 4, 2024 ] |
| Master of Business Administration (Evening and Weekend | Spring [ Jan 5, 2024 ] | Summer [ Mar 25, 2024 ] | Autumn [ Jun 7, 2024 ] |
| Executive MBA | Round 2 [ Jan 15, 2024 ] | Round 3 [ Apr 8, 2024 ] | Final Round [ Jun 10, 2024 ] |
| Masters in Manaagement | Round 2 [ Jan 3, 2024 ] | Round 3 [ Mar 1, 2024 ] | Round 4 [ Apr 30, 2024 ] |
| PhD | December 15, 2023 |
Chicago Booth School of Business MBA Admissions
Chicago Business Schools offers 4 MBA programs including full-time MBA, Evening MBA, Weekend MBA and an Executive MBA. The full-time MBA at Chicago Booth is 21 months offered with 13 concentrations to choose from. The applications for Chicago Booth MBA are accepted in different rounds throughout the year.
Application Portal: Booth Application
Application Fees: 250 USD (20,824 INR)
Admission Requirements:
- 3-4 years bachelor's degree (equivalent to a US degree)
- GPA or aggregate: 2.4-4.0 (74-100%)
- English language test scores:
- TOEFL IBT - 104
- IELTS - 7.0
- Standardized test scores:
- GMAT - 600-780
- GRE - 148-170 (Q), 149-170 (V)
- Two essays
- Professional CV/Resume
- 2 letters of recommendation
Chicago Booth MBA Class Profile 2024
| Enrollment Details | |
|---|---|
| Applications Received | 4352 |
| Students Admitted | 621 |
| Average Age | 28 years |
| Percentage of Female Students | 40% |
| Percentage of International Students | 37% |
| Percentage Asian Students | 15% |
| Countries Represented | 57 |
| Academic and Professional Background | |
| Average GPA | 3.6 |
| Average GMAT Score | 728 |
| Average GRE Score | 163 [Quantitative] | 162 [Verbal] |
| Average Work Experience | 5 years |
| Percentage of Students with Business Background | 25% |
| Percentage of Students with Engineering Background | 24% |
Chicago Booth School of Business Phd Admissions
Booth School of Business offers Joint PhD Programs in Financial Economics, Psychology and Business. Applicants must apply Phd courses at Booth School of Business in the given process:
Application Portal: Booth Online Application
Application Fees: 80 (6,663 INR)
Admission Requirements:
- Proof of all qualifications achieved after high school
- GPA or aggregate: 3.87 or 97% (average)
- English language test scores:
- TOEFL IBT: 104
- IELTS: 7.0
- Standardized test scores:
- GMAT: 725 (average)
- GRE: 169 in Quant (avergae)
- Two essays
- Professional CV/Resume
- 2 Letter of recommendation
- Optional writing sample
Booth School of Business Admission Decision
The following are the admission decisions by MBA applicants making an application to Booth School of Business:
| Round | Decision Notification |
|---|---|
| 1 | November 30, 2023 |
| 2 | March 21, 2024 |
| 3 | May 23, 2024 |
| Chicago Booth Scholars | June 13, 2024 |
Booth School of Business Selection Criteria
Chicago Booth acceptance rate is recorded as 23.5% for the recent admissions conducted. This indicates highly competitive admissions at Chicago Booth due the holistic selection approach. The acceptance rate for Booth MBA was much lower and was seen to be around 14.26%. The admissions committee wants candidates with the aptitude and motivation to succeed in a demanding and interesting workplace. These traits include:
- Academic preparedness
- Intellectual curiosity
- Communication skills
The following components of the application, among others, are examined by the admissions committee for evidence of these qualities:
- Overall GPA, GMAT/GRE scores, and ELP scores (if applicable)
- Academic qualities
- Merit-based scholarships
- Professional certifications
- Mastery of oral and written communication
- Listening skills
- a fascination in current events
- a fascination with subjects outside of your own location
- Willingness to discuss issues or pose questions
Booth School of Business has a competitive admit rate of 23.5 which makes it a tough nut to crack. Applicants must present strong academic qualifications, professional abilities and competent test scores in order to be selected by the business school.
FAQs
Ques. Is Booth School of Business hard to get into?
Ans. Admissions to Booth School of Business is slightly competitive with a moderately selective acceptance rate of 23.5%. The average GPA of the current batch at Booth is 3.6 which makes it quite difficult to convert.
Ques. How can I get admission in Booth School of Business?
Ans. Prospective students wishing to study PG courses at Booth School of Business can make an application directly to the university.
Ques. What GPA is needed to attend Booth School of Business?
Ans. In order to have a high chance of being admitted to Booth School of Business, applicants must maintain a minimum GPA in the range of 2.4 to 4.
Ques. Are English proficiency test scores required for admissions at Booth School of Business?
Ans. Prospective students need IELTS 7 and TOEFL score of 104 English proficiency test scores to get admission at booth School of Business
Placements & Recruiters
University of Chicago Booth School of Business Placement Details
University of Chicago Booth School of Business in Chicago, Illinois, United States placement details include salary insights, top recruiters, and hiring trends to help students understand career outcomes and campus opportunities.
Students usually compare highest package, average package, and recruiter profile before applying. This section gives a compact overview of career outcomes and placement visibility in Chicago, Illinois, United States.
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Rankings over the years
Year-wise highlights from global and country rankings available for this university.
2022
Highlights
2022
2022
- Business: #2 in country
- Top source: Bloomberg
- 1 ranked streams
- Focus areas: Business
- 3 ranking records in 2022
2023
Highlights
2023
2023
- Business: #1 in country
- Top source: US News
- 1 ranked streams
- Focus areas: Business
- 3 ranking records in 2023
2024
Highlights
2024
2024
- Business: #1 in country
- Top source: US News
- 1 ranked streams
- Focus areas: Business
- 4 ranking records in 2024
2025
Highlights
2025
2025
- Best overall country rank: #8
- Business: #3 in country
- Top source: US News
- 2 ranked streams
- Focus areas: Business, Overall
- 3 ranking records in 2025
2026
Highlights
2026
2026
- Business: #9 in country
- Top source: QS
- 1 ranked streams
- Focus areas: Business
- 1 ranking record in 2026