University of Chicago (Booth)

Chicago, IL
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Traditional MBA Overview

  • ACCEPTANCE RATE
  • 30%
  • AVERAGE GMAT
  • 729
  • ENROLLED
  • 1,281
  • GMAT REQUIREMENT
  • Yes
  • MEDIAN BASE SALARY OF NEW GRADS
  • $175,000

University of Chicago (Booth) MBA applicants must submit either a GMAT or GRE score to be considered for admission. The program requires two letters of recommendation. Among students accepted last year, the average GMAT score was 729. TOEFL scores are required for international applicants. The acceptance rate in 2022 was 30%. Booth MBA students earn a median salary of $175,000 after graduating.

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Executive MBA Overview

  • AVERAGE NUMBER OF YEARS OF WORK EXPERIENCE
  • 13.5
  • GMAT REQUIREMENT
  • Yes

The University of Chicago (Booth) requires applicants to submit a score for one of three entrance exams: the Executive Assessment, the GMAT, or the GRE. Incoming students to Booth’s executive MBA program have an average of 13 years of work experience, with 7.5 years spent in management. The school’s EMBA program has a current enrollment of 609 students. Prospective students can apply during one of four rounds each year and must submit two letters of recommendation to be considered for admission. Booth determines international students’ English proficiency from the application and in-person interview.

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Part-Time MBA Overview

  • ACCEPTANCE RATE, FALL 2023
  • DNP
  • AVERAGE NUMBER OF YEARS OF WORK EXPERIENCE, 2023-24 ENTRANTS
  • 6.0
  • AVERAGE UNDERGRADUATE GPA, 2023-24 ENROLLEES
  • 3.40
  • GRADUATION RATE, 2020-23
  • DNP
  • ONE-YEAR RETENTION RATE, 2022-23
  • 100%
  • SIZE OF 2022-2023 GRADUATING CLASS
  • 355
  • TUITION PER CREDIT, OUT-OF-STATE 5%
  • DNP
  • YIELD, 2023–24 (MATRICULATES/ADMITS)
  • DNP

The University of Chicago Booth School of Business accepts EA, GMAT and GRE scores, including Focus Edition, and shortened GRE test scores, but they are not required. However, the program does require two letters of recommendation. The school offers two part-time MBA programs, namely evening and weekend MBA programs. According to the school, around 77% of weekend MBA students travel from outside Illinois for classes. The 2023-2024 tuition per course is $8,096. Graduates report a median base salary of approximately $165,000 four months post-graduation. Lastly, the school has four application deadlines per season throughout the year and requires 2,000 units of credit to graduate.

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