The University of Chicago Booth School of Business, Chicago Overview

Why Choose Chicago Booth School of Business?

Programs: Chicago Booth offers a diverse range of programs, including full-time, part-time, and executive MBA options, as well as doctoral programs in business. The school also provides Early Career MBA programs, Joint-Degree programs, the Civic Scholars program, and pathways to an MBA for undergraduates.

Campus: Both Chicago Booth campuses feature over 70 student-led groups, organizations, and clubs. Students have the opportunity to live in one of 1,300 units spread across 28 buildings, with housing costs reaching up to $3,800 per month (approximately ₹2.83 lakhs).

Cost of Attendance: The average annual tuition fee is $99,892, which is roughly ₹74.58 lakhs. Additionally, international students should budget around $41,014, equivalent to about ₹30.63 lakhs.

Financial Aid: Booth provides merit-based scholarships that consider academic performance, prospective concentration, interview results, competitiveness, career aspirations, and life experiences. Notably, the Jane M. Klausman Women in Business Scholarship is available for women pursuing business degrees.

Placement: Chicago Booth has seen a 4% growth in placement rates over nine years, from 2013 to 2021. In 2021, 92.9% of students received job offers at graduation, and 97.7% had offers within three months, marking a significant increase.

Chicago Booth School of Business Rankings

University of Chicago Booth School of Business Rankings (2024)

• U.S. News:

  • Global: #1 out of 149
  • USA: #1 out of 135

• QS:

  • Global: #14 out of 315
  • USA: #10 out of 187

• Financial Times:

  • Global: #10 out of 100
  • USA: #5 out of 39

• Bloomberg:

  • Global: #2 out of 100
  • USA: #2 out of 74

• The Economist (2022):

  • Global: #9 out of 100
  • USA: #8 out of 51

Highlights

• Institution Type: Private
• Founded: 1898
• Student Population: 26,000
• Student-to-Faculty Ratio: 6:1
• Application Fee: $175
• Accreditation: Association to Advance Collegiate Schools of Business (AACSB)
• English Language Proficiency Tests: TOEFL, IELTS, PTE
• Average Cost of Attendance: $110,328
• Financial Aid for International Students: Scholarships and Private Loans
• Official Website: Chicago Booth School of Business

Chicago Booth School of Business Campus

The University of Chicago Booth School of Business boasts two U.S. campuses located in the vibrant, diverse, and dynamic business city of Chicago. Additionally, Booth has permanent campuses in Hong Kong and London. The U.S. campuses include the Charles M. Harper Center in Hyde Park, which offers Full-Time and Executive MBA programs, and the Gleacher Center in Downtown Chicago, which provides Evening and Weekend MBA programs.

The Charles M. Harper Center, renowned for its stunning architecture, serves as the global headquarters of the business school. It accommodates faculty, administrative offices, program and research centers, as well as classrooms, art studios, cafés, study and workspaces, a student lounge, lockers, and both winter and summer gardens. Students benefit from a free campus shuttle service to Chicago's Midway and O’Hare airports, discounted rates at downtown hotels, and access to weekend student events. They also have opportunities to connect with faculty, academic advisors, administrative offices, and Career Services.

Both U.S. campuses feature over 70 student-led groups, organizations, and clubs. The London campus, located near St. Paul's, hosts interactive courses, the Executive MBA Program, Executive Education courses, and the London Conference Center. The Yuen campus in Hong Kong offers the Executive MBA Program and non-degree Executive Education courses for local professionals, and is home to 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 provide on-campus housing. However, students can find a variety of off-campus housing options throughout the U.S. Suitable accommodations are available in neighborhoods such as the Loop, Lincoln Park, and River East, as well as in nearby hotels. International students will find a range of living spaces that cater to diverse communities.

The Loop is a prominent area in Chicago known for its luxury condominiums situated among office buildings. This district features several large-scale mixed-use developments with amenities such as grocery stores and schools. There are numerous dining options, including Revival Food Hall, a marketplace with over 12 popular eateries. Housing costs in the Loop range from $1,400 to $3,800 per month, depending on the type of accommodation.

Chicago Booth School of Business Programs

Chicago Booth School of Business offers four MBA programs to meet the professional goals and needs of students: the Full-Time MBA, Global Executive MBA, Evening MBA, and Weekend MBA. The Full-Time MBA is a 21-month program designed for professionals with three to seven years of work experience. It provides a multidisciplinary approach to business education, covering fundamental subjects such as statistics, psychology, accounting, economics, and sociology.

The Evening MBA and Weekend MBA programs are tailored for professionals who work full-time. Both programs follow the same curriculum as the Full-Time MBA. Full-Time MBA students can select up to 3-4 courses each quarter, in addition to one required course in LEAD, a hands-on experiential leadership development program. LEAD is a core component of all MBA programs at Booth, though its format may vary among the Full-Time, Executive, Evening, and Weekend MBA programs.

All MBA students—whether Full-Time, Evening, or Weekend—can customize their program by choosing from 13 specializations, including finance, entrepreneurship, economics, international business, general management, business analytics, and marketing management. The Executive MBA program is designed for experienced professionals with 8 to 20 years of work experience and spans 21 months.

Chicago Booth School of Business Application Process

To apply for admission, candidates must hold a university or college degree equivalent to a four-year American bachelor's degree. They are also required to submit standardized test scores, including GMAT, GRE, or Executive Assessment (EA) scores.

Application Portal: Online Application Portal
Application Fee: $175 for part-time programs

Supporting Documents:

• Transcripts and/or undergraduate certificate
• Proof of English language proficiency
• Letters of Recommendation
• Professional Resume
• Essay Responses
• Statement of Purpose for MBA

Chicago Booth School of Business Cost of Attendance

The estimated cost of attending Booth Business School for three quarters, or nine months, at the University of Chicago is detailed in the table below:

Chicago Booth School of Business Scholarships

Full-time MBA students at Chicago Booth have access to various financial aid options, including Merit-Based Scholarships, Global Innovator Fellowships, Industry Awards, Leadership Awards, and External Awards. For Evening MBA and Weekend MBA students, merit-based scholarships are also available, though in limited numbers. No separate application is needed for these scholarships; decisions are based on the MBA application itself. Award amounts vary, and recipients are notified within two to three weeks of admission.

Students on the London campus can access loans from independent financial institutions such as Prodigy Finance and Lendwise. Hong Kong campus students may primarily borrow from Prodigy Finance and other lenders. Indian students also have loan options through Allahabad Bank, Bank of Baroda, Credila, HDFC, and Syndicate Bank. Additionally, several Regional Scholarships and Fellowships are available for international students, including:

• A. H. Tobaccowala Fellowship and Ramakrishnan Family Scholarship for Indian nationals
• Ehara Scholarship for students from Japan
• Nelson Germanos Fellowship for students from Brazil
• Ramakrishnan Family Scholarship for Indian nationals

International MBA students can also apply for the following scholarships:

Chicago Booth School of Business Alumni

Chicago Booth boasts a global alumni network of over 10,000 members, supported by more than 60 alumni clubs worldwide. Approximately 10,000 Booth alumni hold C-suite positions globally, with 75% of alumni attributing a significant portion of their professional success to their education at Chicago Booth.

Notable 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 of Microsoft
• James O. McKinsey – Founder of McKinsey & Company

Chicago Booth School of Business Placements

According to the employment report from Chicago Booth, about 93% of students reported receiving full-time job offers within three months of graduation. Around 87.5% of international students had job offers at the time of graduation. Additionally, approximately 27.3% of international graduates received a median salary of $150,000. The table below outlines the salaries of Booth Business School graduates by degree:

The Career Services team at Chicago Booth coordinates a range of Employer-Facing events and programs, including Campus Recruiting Activities, Campus Interviewing, Online Job Postings, Resume Referral Services, and Industry Treks. Additionally, they provide Career Learning Programs and Career Research Resources to support students.

Prominent employers of Booth graduates include McKinsey & Company, Google, JPMorgan Chase & Co., PwC Strategy, Citigroup, Morgan Stanley, Microsoft, Apple, Ernst & Young LLP, Wal-Mart Stores, Bain & Company, Coca-Cola, Boston Consulting Group, Accenture, and Amazon.

The University of Chicago Booth School of Business is renowned for 'The Chicago Approach,' a distinctive, analytical style of business education. This approach empowers the brightest minds to turn their ideas and talents into action, making a significant impact in the world. At Booth, students benefit from a supportive and inspiring community dedicated to their success. They are continuously challenged, encouraged to take risks, share ideas, and embrace diverse perspectives, ultimately preparing them to become future global leaders.