Imagine learning international finance from former RBI governor, Raghuram Rajan…that’s Chicago Booth for you! Recently making headlines for highest ever bump in MBA salaries, Booth is every high flying MBA aspirant’s dream. A member of the prestigious M7 Business Schools, Booth is the second oldest b-school in the US. It has consistently ranked among the top 3 B-schools by US News & World Report, Forbes and the Economist. Chicago-Booth offers full-time MBA, part-time evening MBA, weekend MBA and Executive MBA.
Before we see the details of Chicago-Booth full-time MBA, let’s explore some interesting facts about this famed B-school!
Full-time MBA at Chicago Booth
Full-time MBA at Chicago Booth is a rigorous 21 month program aimed at developing bold leaders and decision makers. It has a flexible curriculum that allows you to tailor your MBA experience by taking specific courses of your choice. Chicago Booth offers MBA concentrations in:
MBA Concentrations at Chicago Booth
|Behavioral Science||Business Analytics|
|Econometrics and Statistics||Economics|
|General Management||International Business|
|Marketing Management||Operations Management|
The full time MBA at Chicago Booth begins with LEAD, a hands-on, experiential program designed to build negotiation, team building, communication and other relevant skills. Students are required to choose one course each from three foundation areas of: financial accounting, microeconomics and statistics. They are also required to choose one course each from 7 out of 8 functions: finance, operations, marketing, strategy, decisions, people, economy and society. Further, you can choose 10 electives to focus on specific areas of interest.
Chicago Booth MBA is STEM eligible for OPT purposes. Find out which other MBAs are STEM eligible.
Have you taken the GMAT before?
Chicago Booth accepts full time MBA application in 3 rounds. Round 1 is normally in September and you get a decision by early December. Round 2 is in January and you get a decision by March third week. Round 3 is in April and you get a decision in May.
The basic eligibility criteria for international applicants is:
- 3-year or 4-year degree from a recognized university or college
- Proof of English proficiency; minimum TOEFL score: 104 or minimum IELTS score: 7
- Valid GMAT or GRE score
Besides above, Booth admissions committee looks for the following in a student:
- Academic recognition
- Merit-based scholarships
- Professional certifications
- Mastery of oral and written communication
- Listening skills
- An interest in current affairs
- An interest in areas outside of your immediate environment
- Willingness to engage in debate or to ask questions
A look into MBA Class of ’23 profile gives better insight into MBA admissions criteria:
Median GMAT score: 740
Average GRE score: 325
Average GPA: 3.6
Average work experience: 5 years
What is the application process of Chicago Booth?
Candidates are required to apply online. Two essays need to be answered along with one optional topic. You will also need to submit your resume, two LORs, academic transcripts, GMAT or GRE scores, TOEFL or IELTS scores and application fee of $250. Once you submit the above documents, your application will be evaluated carefully by the admissions committee and you may receive an interview offer in the form of an email with instructions on how to schedule your MBA interview.
Chicago Booth MBA interview
The interview will be conducted by a current student, alum or admissions committee member online or at a location convenient for you. The purpose of the interview is to get to know you better. Most interviews are structured like a casual conversation and last for 30 to 45 minutes. You will be asked questions like:
- Walk me through your resume
- Why MBA? Why now and why not later?
- How does Booth MBA fit into your short term or long term goals?
- Which other B-schools did you apply to?
- What are your accomplishments?
- What is the most challenging situation you faced at work?
- What are your strengths and development areas?
- How do you plan to improve your development areas?
- How will you contribute to Booth class?
- Any questions for me?
Always ask in-depth questions from your interviewer when asked, because this demonstrates your interest in the school. You will receive a decision on the date specified on the website. You may be accepted, waitlisted or rejected.
Have you taken the GMAT before?
Chicago Booth MBA cost
Chicago Booth MBA fees for international students is $149,898. Aside from tuition fees, there are significant costs for various services, housing, food, etc. amounting to approximately $35,000.
Chicago Booth MBA Scholarships
Booth offers merit-based scholarships based on academic merit, prospective concentration, interview performance, competitiveness, career goals and life experiences. The B-school also offers fellowships like Marvin Zonis International Scholarship, A.H. Tobaccowala Fellowships and Ramakrishnan Family Scholarships for Indian students and more.
How hard is it to get into Chicago Booth?
Chicago Booth MBA acceptance rate is around 22%. This makes it relatively easier to get into than other top MBA colleges in the US.
Which MBA specialization to choose at Chicago Booth?
As per New Hires by Function Report of Chicago-Booth, following specializations have received maximum job offers:
Percent of Hires
|Product Management (Tech)||7.4%|
|Corporate Strategy/Strategic Planning||6.5%|
If you are interested in pursuing MBA at Chicago Booth or other top business schools in the US, you can connect with our counsellors for test prep and admissions information. Get free profile evaluation and personalized roadmap for admission to your dream MBA program.