Chicago Booth School of Business: Everything You Need to Know

 

The University of Chicago Booth School of Business (Chicago Booth) is known for its “Chicago Approach”—a multidisciplinary teaching framework that uses economics, psychology, sociology, and statistics in a collaborative setting to produce bold leaders with excellent problem-solving skills. With access to a huge global alumni network, a world-renowned faculty, and a pedagogy that combines theory, analytics, case study, and experiential learning, Boothies are prepared to pursue careers in diverse fields.

 

An M7 school, Chicago Booth is the birthplace of new classical economics, backed by an array of distinguished professors, Nobel Prize winners, and alumni. In the United States, Chicago Booth offers a full-time MBA program at its Hyde Park campus, as well as part-time MBA programs (evening and weekend) and an executive MBA program at the Gleacher Center in downtown Chicago. Outside the United States, Chicago Booth offers an executive MBA program at its Hong Kong and London campuses. Candidates can also pursue joint degrees at Chicago Booth in law, arts, medicine, computer science, social work, and public policy.

For the full-time MBA program, the school receives approximately 5,000 applications each year and admits up to 620 students. In line with the diversity of the Windy City, 42.3% of Chicago Booth’s Class of 2023 is female and 38.9% is international. Although Chicago Booth seems finance heavy, in 2021, 35.9% of its graduates entered consulting. Other hiring functions include finance (30.3%), tech product management (7.4%), marketing (6.8%), and corporate strategy and strategic planning (6.5%), along with a plethora of roles in various industries and pursuits in entrepreneurship, making Chicago Booth a terrific choice for MBA aspirants with many different professional backgrounds and interests. Applicants interested in Chicago Booth must combine their analytical aptitude and curiosity to craft a compelling application and to interview authentically, and mbaMission can help candidates accomplish this, thanks to our consultants’ deep creativity, knowledge, expertise, and rigor.

mbaMission’s Chicago Booth School of Business Insider’s Guide

Chicago Booth Insider’s Guide

Although its reputation as a “finance school” is warranted, Chicago Booth is also known for its flexible curriculum and hands-on, experiential opportunities. The program has demonstrated immense strengths in the areas of consulting, entrepreneurship, and marketing. Through our Insider’s Guide to the Chicago Booth School of Business, you will learn more about the school’s unique LEAD program on leadership, Polsky Center for Entrepreneurship and Innovation, International Business Exchange Program, New Venture and Small Enterprise Lab, multiple Nobel Prize–winning and distinguished faculty, and famous alumni, as well as opportunities to bond with classmates via the annual ski trip, Liquidity Preference Functions, Random Walks, and Thursday Night Drinking Club.

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Chicago Booth School of Business Interview Guide

Chicago Booth Interview Guide

University of Chicago Booth School of Business interviews are typically “blind,” meaning the interviewers will have read your resume but not your essays or application. The interviews are usually conducted by students and alumni. Candidates have frequently reported to us that their interviews were “casual, friendly, conversational, laid back, and structured” but that sometimes they can also be “direct and very formal.” While the Chicago Booth admissions committee has evaluated your analytical and intellectual ability via your written application, the interviewer is trying to gauge your personality, style, curiosity, and communication skills through questions related to your resume and work, your behavioral attributes, why you want to pursue an MBA at Chicago Booth, and what you will bring to the Chicago Booth community. Applicants who interview with authenticity, poise, confidence, and humility tend to do well. For sample interview questions and other insights, read our Chicago Booth School of Business Interview Guide.

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Chicago Booth Essay Analysis, 2021–2022

The two required application essay prompts for the University of Chicago Booth School of Business complement each other well, allowing candidates to offer insight into both their professional lives and their personal lives. Chicago Booth also gives applicants significant leeway in how thoroughly they want (or feel they need) to respond to the questions by stipulating a minimum word count of 250 but no maximum. That said, the Chicago Booth MBA admissions web page does include “response guidelines,” which encourage applicants to “think strategically” about how long their essays should be. No doubt Chicago Booth is interested in learning more about you and your story (as long as what you write fits the given question, of course), but the school is simultaneously not interested in learning absolutely everything you can think to share. In our essay analysis, we provide in-depth guidance on each of Chicago Booth’s 2021–2022 application essay questions:

  • Essay 1: How will a Booth MBA help you achieve your immediate and long-term post-MBA career goals? (Minimum 250 words, no maximum.)
  • Essay 2: 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 . . . (Minimum 250 words, no maximum.)

Click here to read our analysis


Chicago Booth MBA Class Profile (Class of 2023)

Class Size 620
Average GMAT 732
GMAT Range 590–790
Applicants Who Reported a GRE Score 18%
Average GRE Verbal 162
Average GRE Quant 163
GRE Verbal Range 149–170
GRE Quantitative Range 153–170
Average Work Experience 5 years
Average GPA 3.54
GPA Range 2.7–4.0
Average Student Age 28
Countries Represented 56
Women 42.3%
U.S. Minority Students
(percentage of U.S. citizens and permanent residents who identify as American Indian, Alaska Native, Asian American, Black/African American, Hispanic/Latinx American, Native Hawaiian, or Other Pacific Islander)
44.2%
International Students 38.9%

Chicago Booth MBA Rankings

In recent years, Chicago Booth has typically been ranked among the top five MBA programs in the United States in the five most prestigious MBA rankings. In Bloomberg Businessweek’s MBA rankings—which many consider the preeminent such survey—the school was ranked fourth in the United States in 2021, unchanged from 2019 (Bloomberg Businessweek suspended its MBA rankings in 2020 because of the COVID-19 pandemic). In the Financial Times’ 2022 survey, Chicago Booth was ranked sixth in the United States and seventh internationally, down five and four spots, respectively, from 2021. The program was ranked first both in the United States and internationally in The Economist’s 2019 survey, unchanged from the previous year. Chicago Booth was listed second in the 2021 Poets&Quants ranking of U.S. business schools, unchanged from 2020. In the 2023 U.S. News & World Report survey, the school was ranked first (tied with the Wharton School of the University of Pennsylvania). In addition, U.S. News ranked the school among the top ten in the country in the following specialty areas: executive MBA (third), part-time MBA (first), finance (second), accounting (fourth), business analytics (eighth), and marketing (eighth).

Chicago Booth MBA Admissions Deadlines (2021–2022 Application Season)

Round 1 Application Deadline
September 23, 2021

Round 1 Decision Notification
December 2, 2021

Round 2 Application Deadline
January 11, 2022

Round 2 Decision Notification
March 24, 2022

Round 3 Application Deadline
April 7, 2022

Round 3 Decision Notification
May 26, 2022

mbaMission Testimonials from Chicago Booth Applicants

Look no further!

I highly recommend working with Harshad [Mali] to help you with your business school applications. Through his help and a long few months, I got into GSB, Wharton, and Booth!

I actually started a little late (in November) for Round 2 deadlines, but Harshad was more than up for the challenge. He set expectations up front—we knew going in this is going to be an uphill battle.

From the onset, it was clear that Harshad was highly organized and methodical in his approach. Harshad is definitely not someone who will beat around the bush and/or sugarcoat. He is direct but thoughtful, which is the exact duo you will need while going through this process, especially when you get to a point where every day matters. I did this application process while working full-time, which definitely made my availability difficult, but Harshad was very flexible and available for late nights and weekends, whenever I needed him! He is unparalleled with his turnaround time, which definitely surpassed my expectations.

Part of the challenge of building out your application is not just having a good story but showing the story rather than telling the story. This is where I found Harshad to be a differentiator—he takes the time to get to know you, your interests, your passions, and who you are as a person and makes sure to reflect that in his process to helping build out your application. He will steer you away when you think certain information is valuable to have but is really just fluff (which was extremely useful when trying to meet those pesky word counts!) and push you to write more impact even when you think there isn’t anything left. During the mock interviews, he falls into school-specific persons that allow you to really practice through different styles of interviews.

Overall, Harshad genuinely wants you to succeed and will do his best to get you to the best place you can be. I recommended Harshad without reservation and to the fullest extent!

Harold Simansky—Superb Hourly Service

I highly recommend Harold Simansky for his hourly services. Through Harold’s resume and essay reviews, I was accepted with scholarship to Booth, Kellogg, Tuck, and Columbia.

Harold was extremely timely and communicative. His reviews—even when it was busy season for Round 2—were extremely efficient. When I had an urgent request due to an upcoming deadline, Harold was understanding and was quick to prioritize my work.

In terms of the feedback, it was clear that Harold had extensive experience in reviewing essays and tailoring them to each school. The essay feedback was very helpful and prescriptive, allowing me to quickly edit and turn around versions. Harold even shared my essays and resume with other reviewers at mbaMission for no charge. I really felt that I received more value than what I was paying for!

Highly recommend Melissa Merchant!

When I first started the MBA application process, I doubted whether my profile was competitive enough to get in to a top school. Melissa helped me identify and capitalize on the unique stories and experiences from my background, helping me craft applications where I could highlight my strengths and mitigate my weaknesses. I thought I knew what I wanted to write in my essays, but Melissa helped fine-tune my ideas and pointed out experiences that she felt were unique which I wasn’t considering before. She’s also a skilled editor—I tend to be a verbose writer, and Melissa easily cut 200+ words from my essays while still maintaining the content and emotions of my story. Additionally, she is an incredible mentor and cheerleader, answering my questions candidly but compassionately and reassuring me when I was overwhelmed or anxious about the process.

Ultimately, with Melissa’s help, I landed interviews at 4 M7 schools, and was admitted into two of them—Chicago Booth ($70k merit scholarship) and Columbia ($50k merit scholarship)! Melissa even went out of her way to review my scholarship negotiation essays and a waitlist update essay for another program. I’m extremely happy with these results and am confident that Melissa’s support and guidance were instrumental in helping me land them. If you’re in the market for an admissions consultant, look no further!
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