The University of Chicago Booth School of Business

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The University of Chicago Booth School of Business is a graduate business school located in Chicago, Illinois, at the University of Chicago. It is the second-oldest business school in the U.S., the first such school to offer an Executive MBA program, and the first to initiate a Ph.D. program in business. Booth is the only U.S. business school with permanent campuses on three continents: Asia, Europe and North America. Booth offers Full-time, Part-time (Evening and Weekend) and Executive MBA programs.

The University of Chicago Booth School of Business is a graduate business school located in Chicago, Illinois, at the University of Chicago. It is the second-oldest business school in the U.S., the first such school to offer an Executive MBA program, and the first to initiate a Ph.D. program in business. Booth is the only U.S. business school with permanent campuses on three continents: Asia, Europe and North America. Booth offers Full-time, Part-time (Evening and Weekend) and Executive MBA programs.

Own your experience.

Define your impact.

Chicago Booth offers the world’s most flexible full-time MBA program. Every moment you spend as a Booth student is spent building upon your existing academic and professional backgrounds, bringing you closer to your goals. We are dedicated to ensuring that the return on your time and investment is unrivalled.

The Booth experience provides you with freedom: academic freedom, freedom to take risks, and freedom to define your impact in the world. Our multidisciplinary approach to problem solving empowers you with frameworks for freethinking and sound decision making. You are also welcomed into a community of faculty, alumni, and peers who will open doors for you and proudly support your success—as if it were their own.

21 months

Tuition is approximately $80,961 per academic year.

Estimated cost breakdown can be found here.

Dennis W. and Jane B. Carlton Fellowship – This annual full tuition fellowship was established for students from Israel, particularly those who have served in the Israeli military. It includes a stipend, mentoring, and professional development from business leaders in the Chicago area, facilitated by the Jewish United Federation. Recipients of this fellowship are expected to return to reside in Israel within five years of graduation.

More information about scholarship & fellowships can be found here.

Four major components make up the flexible curriculum. You choose what you take and when – based on your experience, education, and goals.

Foundation courses focus on developing analytical tools and knowledge that supports the rest of the curriculum.

Functions, Leadership & Management, and Business Environment courses cover basic business functions (finance, marketing, and operations); leadership & management (decisions, people, and strategy); as well as the business environment in which firms operate.

Electives cover 13 concentrations, offering students the chance to explore a topic more deeply.

Leadership training is so critical, it is the only required class. All students must take Leadership Effectiveness and Development (LEAD), where they will work on key management skills such as negotiation, team-building, and giving feedback.

Chicago, IL, USA

Chat Transcript:

06-30-2024
08:30:38 pm
User avatar Chicago_Booth The live chat has ended but you can reach out to [email protected] for any additional questions!
06-30-2024
08:30:14 pm
User avatar Chicago_Booth Also explore the Rustandy Center for social impact: https://www.chicagobooth.edu/research/rustandy
06-30-2024
08:29:49 pm
User avatar Chicago_Booth @Noam Finestone internships are completed in the summer between the 1st and 2nd year, and some students do an in-quarter internship. You can find all our employment data here: https://www.chicagobooth.edu/mba/full-time/career-impact/employment-report
06-30-2024
08:29:42 pm
User avatar Rubin What is the best way to connect with the alumni?
06-30-2024
08:28:17 pm
User avatar Chicago_Booth @Tamar Chicago Booth has one of the largest Career Services teams of any MBA program, and they are committed to helping our students place into the jobs they desire. They do a great job of cultivating relationships with employers and bringing them directly to campus for recruiting. Almost all of our students have full time job offer within 3 months of gradutating the program!
06-30-2024
08:28:10 pm
User avatar Noam Finestone Hi Chicago Booth, I have reviewed your website and brochure and have a few questions: 1. Coming from a fintech background, I am interested in learning about post-MBA career placement in this industry specifically. 2. Do you offer an in semester or summer internship? 3. As making a social impact is highly important to me, I would like to know what kind of on-campus activities you have that support this goal. 4. Is there any difference in the chances of receiving a full scholarship between Round 1 and Round 2 of applications? 5. I would appreciate learning more about the percentage of women and parents in your full two-year programs. Thank you! Noam Finestone
06-30-2024
08:26:41 pm
User avatar Chicago_Booth @Itai everyone's situation is a little different, so there is no single way that partners are involved at Booth. Many students come with their partners to campus and some complete the program in a long distance relationship with their partner visiting on occasion. I would recommend connecting directly with the Booth Partners Group to get insight from different international students with partners: https://groups.chicagobooth.edu/ftpartners/about-us/?_gl=1*15aipvq*_gcl_au*MTU0MjUzMjY3OC4xNzE2OTEwODM5
06-30-2024
08:24:57 pm
User avatar Tamar Will it be difficult to find a job post MBA looking at the economic conditions?
06-30-2024
08:21:56 pm
User avatar Itai May I ask about my partner? I understand partners dont get work visa. what do they do? can she come sometimes to campus? (sorry, we just got married and trying to live the happy wife happy life motto)
06-30-2024
08:21:54 pm
User avatar Chicago_Booth @Tal we purposely don't have required minimums for either test scores or GPA because we review applications holistically and are looking for candidates with strengths beyond just strong stats. My best advice is to apply when you feel confident in the application you are putting forward, and you can always asked a trusted colleague or mentor to review your application and provide their feedback on if there are areas you can bolster.
06-30-2024
08:19:23 pm
User avatar Chicago_Booth @ido We offer tons of resources around entrepreneurship at Chicago Booth! In fact, entrepreneurship is our most popular concentration at Booth and has been for many years. We offer plenty of courses in the field and you can explore all of our courses in the Course Catalog here: https://apps.chicagobooth.edu/PublicApps/CourseSearch/CourseSearchFilter Additionally, the University has an unparalleled resource in the Polsky Center for Entrepreneurship, which offers tons of additional resources to the classroom experience from mentorship opportunities and speaker events to our very popular New Venture Challenge competition where students can present their ideas for startup prize money. You can learn more about the Polsky Center here: https://polsky.uchicago.edu/
06-30-2024
08:18:27 pm
User avatar Tal My undergrad grades are low too, does that combined with my low GMAT of 630 have a bad impression?
06-30-2024
08:14:16 pm
User avatar ido Hi, what entrepreneurship courses and programs do you offer? Do you encourage working on a venture while studying at your MBA program?
06-30-2024
08:13:16 pm
User avatar Chicago_Booth @Tal we review applications holistically, so your GMAT score is just one aspect of the application and not weighted more heavily than any other aspect. I always recommend that if you feel part of your application is not as strong, think about how you can balance that out in another area. So for example, if your test score is not as high as you hoped in the quantitative section, maybe you could highlight your strong quantitative grades on your transcript or you could ask your recommender to speak to your quantitative ability in their letter.
06-30-2024
08:10:44 pm
User avatar Chicago_Booth @Pranjalpathak07 Broadly, we consider your application within 3 key areas: curriculum, community, and career. We review the application holistically, so everything is of equal weight. You can view more about our admissions requirements here: https://www.chicagobooth.edu/mba/full-time/admissions/requirements
06-30-2024
08:07:15 pm
User avatar Tal Will my GMAT score of 630 hamper my chances of acceptance?
06-30-2024
08:06:54 pm
User avatar Pranjalpathak07 @Chicago_Booth  can you please highlight the key aspects you look for in a candidate's application?
06-30-2024
08:05:51 pm
User avatar Chicago_Booth @kirti We don't have a required minimum years of work experience, but generally we look for candidates who will have at least 2 years of work experience by the time they matriculate in the program.
06-30-2024
08:04:57 pm
User avatar Chicago_Booth @Spira Yes, there are multiple ways to engage with the global community! Some lab courses offer an international practicuum component, Career Services offers industry treks around the world, and there are also study abroad opportunities if you want to complete a quarter in another country. More information on these opportunities can be found here: https://www.chicagobooth.edu/mba/international-programs-and-study-abroad
06-30-2024
08:04:12 pm
User avatar kirti I have a work-ex of 2 years in different organizations. is this accepted? what is the Minimum work years required to get into MBA program?
06-30-2024
08:02:58 pm
User avatar Chicago_Booth @Kaplan Elbaz Almost all of our students have a full-time job offer within 3 months of graduating from the program. You can view data from our 2023 Employment Report here: https://www.chicagobooth.edu/mba/full-time/career-impact/employment-report
06-30-2024
08:01:42 pm
User avatar Chicago_Booth @Amit military experience is also considered professional experience.
06-30-2024
08:01:09 pm
User avatar Chicago_Booth @Eran we have just one Full-Time MBA degree program, but you graduate with one or more concentration - most of our students earn about 2-4 concentrations! Marketing management is one of our 14 concentration options and you view all of our concentrations here: https://www.chicagobooth.edu/mba/academics/curriculum/concentrations Regarding the application process, it is around 2.5 months. Round 1 applicants submit their application by mid September and find out their admission decision by early December; Round 2 applicants submit their application by early January and find out their admission decision by mid March; Round 3 applicants submit their application by early April and find out their admission decision by end of May. We require either a GMAT or GRE test for the application, but have no preference between the two.
06-30-2024
08:01:02 pm
User avatar Spira Are there any student exchange program available?
06-30-2024
08:00:33 pm
User avatar Kaplan Elbaz Thank you for the answer.
06-30-2024
07:56:54 pm
User avatar Chicago_Booth @David Mor all applicants (domestic & International) are considered for merit-based aid when applying. Additionally, many international students use private loans to help cover the cost of their MBA degree. Many of our students across the board do take out loans to help pay for their degree, but typically repay those loans within 10 years or less of graduating. Our Financial Aid team works closely with admitted students to help them understand what option are available to them for financing the degree.
06-30-2024
07:54:00 pm
User avatar Chicago_Booth All rounds are considered the same, we encourage you to apply when you feel that your application is at its strongest. However, for international students, we do recommend applying in Round 1 or Round 2 to allow as much time for the visa process as possible.
06-30-2024
07:53:59 pm
User avatar Kaplan Elbaz How difficult is it to find a job post MBA?
06-30-2024
07:53:14 pm
User avatar Amit I am a recent BSc graduate. I don't have a lot of experience in the industry, but I have a lot of other professional experience from the IDF etc. Will this affect my acceptance chances?
06-30-2024
07:52:44 pm
User avatar Eran Hi! first of all thank you for hosting us in this event. I would like to ask a few questions; 1. Do you have a specific MBA's programs in business administration (according to a certain specialization)? If so - does it exist in the field of hospitality and tourism/in the field of marketing/in other fields? 2. In addition, how long does the whole process take from the moment of selection to the moment of admission to the academic institution? 3. Is a GMAT test required to be admitted to your degree? 4. In addition, are there certain scholarships?
06-30-2024
07:52:40 pm
User avatar Chicago_Booth @Nurit D. We have lots of elective courses, as half of your degree is comprised of elective courses! You can find an overview of our curriculum here: https://www.chicagobooth.edu/mba/academics/curriculum and you can dive more deeply into exploring our courses in our course catalog here: https://apps.chicagobooth.edu/PublicApps/CourseSearch/CourseSearchFilter
06-30-2024
07:50:34 pm
User avatar David Mor What are the financing options available for international students?
06-30-2024
07:50:28 pm
User avatar Chicago_Booth @anat We don't have scholarships that our exclusively for women, but all our applicants are considered for merit-based aid at the time their application is reviewed if you check the box that you would like to be considered for scholarship.
06-30-2024
07:49:33 pm
User avatar Pranjalpathak07 Hi team Booth. Do you offer any application fee waiver too?
06-30-2024
07:49:27 pm
User avatar Chicago_Booth @Barak Lavi We do offer application fee waivers on a limited basis, and you can find a list of application fee waiver eligibility on our FAQ page here: https://www.chicagobooth.edu/mba/full-time/faq. Chicago Booth only offers merit-based aid and all our applicants are automatically considered for this scholarship at the time of their application if you check the box on your application that you would like to be considered.
06-30-2024
07:46:32 pm
User avatar Chicago_Booth @Katz Bar Our class has been growing each year! Our rising 2nd year class of 2025 has 637 students in it, and you can see a full class profile here: https://www.chicagobooth.edu/mba/full-time/admissions/class-profile
06-30-2024
07:45:19 pm
User avatar Chicago_Booth @Ariel Levy a full list of Carlton Fellows can be found here: https://carltonfellows.org/the-fellows/. You are also welcome to reach out to current students using our Connect with a Student tool (https://apply.chicagobooth.edu/portal/studentvolunteer) that you can filter by region or find our Country Captains for Israel.
06-30-2024
07:44:10 pm
User avatar Ofek Is there any difference in Round 1 or Round 2 applications? Admission or scholarship wise?
06-30-2024
07:42:30 pm
User avatar Chicago_Booth @Abramov we evaluate applications holistically so no one area of the application is weighted more heavily than another. Additionally, we greatly value diversity in the classroom in all senses of the word, including education and career backgrounds.
06-30-2024
07:42:29 pm
User avatar Nurit D. What elective courses are available in your MBA program? is there a list somewhere?
06-30-2024
07:42:03 pm
User avatar anat hello, do you have any scholarships for women?
06-30-2024
07:41:22 pm
User avatar Chicago_Booth @David Mor we accept the GMAT Focus or the older version of the GMAT. Scores are valid for 5 years from when you take the exam.
06-30-2024
07:41:18 pm
User avatar Barak Lavi Hi, Does school offer any application fee waivers or scholarships for exceptional candidates?
06-30-2024
07:40:37 pm
User avatar Ofek Thank you!
06-30-2024
07:39:40 pm
User avatar Katz Bar Hello, What is the class size for the MBA program?
06-30-2024
07:39:33 pm
User avatar Chicago_Booth @David Tech is a very popular career path at Chicago Booth and continues to grow each year! There are lots of opportunities to grow in that area from classes to student groups to our industry & research centers. Additionally, our Career Services team is one of the largest of any MBA program, and they do a great job of anticipating and responding to student need to bring the right companies to campus for recruitment, which includes plenty of tech companies!
06-30-2024
07:39:17 pm
User avatar Ariel Levy thank you for this! Can you share info on previous year winners of the full scholarship? or maybe 2-3 tips on how to increase my chances
06-30-2024
07:37:48 pm
User avatar Chicago_Booth @Ofek yes, military experience is considered as work experience
06-30-2024
07:37:20 pm
User avatar Chicago_Booth Additionally, all Israeli admitted students are additionally eligible to apply for the Dennis W. and Jane B. Carlton Fellowship. This full-tuition fellowship also includes a stipend, mentoring, and professional development from business leaders in the Chicago area.
06-30-2024
07:37:19 pm
User avatar Abramov Hey, Thank for hosting, I had a question, does your program consider alternative factors for applicants with non-traditional backgrounds or lower test scores?
06-30-2024
07:36:44 pm
User avatar David Mor Do I need to apply with GMAT Focus Edition score only? Can I apply with the older GMAT version?
06-30-2024
07:35:58 pm
User avatar David thank you for hosting this event. Chicago seems like a great MBA program - I saw a lot of electives in finance, I am a techy... should I look at more tech programs, like MIT for an MBA? or will I find some tech courses (and later employers) at Chicago
06-30-2024
07:35:48 pm
User avatar Chicago_Booth Hello! All applicants to the Full-Time MBA program are automatically considered for merit scholarship.We have a number of merit awards and more information on those can be found here: https://www.chicagobooth.edu/mba/full-time/admissions/scholarships-and-aid
06-30-2024
07:35:39 pm
User avatar Ofek Hi, do you consider military experience as work experience?
06-30-2024
07:34:28 pm
User avatar Sachar Hi, can you share info on scholarships for Israeli candidates?
06-30-2024
05:04:01 pm
User avatar Pratham Hello