University of Chicago Booth School of Business
The University of Chicago has a lot to boast about. For
starters, it's the first b-school whose faculty has included
five Nobel laureates. Merton Miller, winner of the 1990 Nobel
Prize in Economics and Robert Fogel, winner of the same in 1993,
currently teach in Chicago's MBA program. It's also the first to
publish a scholarly business journal and to initiate a Ph.D.
program. But the nation's second-oldest b-school hasn't chosen
to rest on its laurels. As one student put it, "This school is
continuously trying to improve itself. There are so many
innovative opportunities here." Chief among them is LEAD, a
mandatory leadership program that students - not faculty - run
each year. Another first for Chicago: Among b-schools, LEAD
pioneered the emphasis on leadership, interpersonal and
multicultural programs, and learning by doing. Unsurprisingly,
Chicago students give themselves high marks for their
interpersonal skills (unique to a "quant" school) and tell us
minorities and women are more than comfortable here. Students
declare the curriculum "the single most flexible around." Beyond
the required LEAD program, students can pick and choose from a
variety of courses to satisfy Chicago's core requirements, and
students aren't required to repeat work they have mastered
elsewhere. "There's no hand holding here, and there's a lot of
freedom," commented one student, "which is great for students
who know what they want'. The newest addition to Chicago is the
International MBA, which, according to the school, "builds truly
global management skills by giving people substantial knowledge
of the culture and language of a foreign country." Students can
also participate in Chicago's Laboratory in New Product and
Strategy Development, acting as consultants to major
corporations.
Chicago is best known for its economics and finance departments
and is considered "numbers-heavy." But a majority of Chicago
MBAs told us "it's much more than a quant school." Though
students rate their quant and finance skills a excellent, they
also consider themselves to have strong accounting, teamwork,
and communication skills. "The excellent academics at Chicago
have given me all the tools I need for the business worked,"
wrote one MBA. They also feel terrific about Chicago's faculty,
whom they consider passionate, accessible teachers. "Where else
can you take classes with Nobel Prize winners both current and
future!" exclaimed one student. Another MBA declared, "I would
pit my instructors against any other faculty in the nation, bar
none." Chicago administration has responded to some prior
student complaints about facilities and administration. They
recently completed an extensive renovation on classrooms and
student areas and have announced plans to construct a new
student building. The MBA program recently added some new
administrative positions to provide a higher level of service to
students. One complaint we did hear from students is about the
inordinate focus on the job search. "It begins on Day Number 1,"
griped on student, "classes just come second."Ranking: University of Chicago (Booth)
| Top Business Schools |
|
| Score
|
92 |
| Peer assessment score (5.0
highest)
|
4.7 |
| Acceptance rate (full-time)
|
21.9% |
| Recruiter assessment score
(5.0 highest)
|
4.3 |
| Average starting salary and
bonus (full-time)
|
$130,839
|
| Average undergraduate GPA
(full-time)
|
3.50 |
| Average GMAT score (full-time)
|
713 |
|
Sample GMAT Practice Test (FREE) |
|
| Graduates employed at
graduation (full-time)
|
87.4% |
| Graduates employed three
months after graduation (full-time)
|
92.2% |
| Total graduate business
enrollment (full-time)
|
1,144 |
Tuition and Financial Aid: University of Chicago
(Booth)
| Financial Aid Contact Information |
|
| Financial aid director
|
Priscilla Parker |
| Financial aid phone
|
(773) 702-3076 |
| Financial Aid Availability |
|
| Is college-funded aid
(fellowships, assistantships, grants, or
scholarships) available?
|
Yes
|
| Fellowships available
|
N/A |
| Teaching assistantships
available
|
N/A |
| Research assistantships
available
|
N/A |
| Are international students
eligible for college-funded aid?
|
Yes
|
| 2008-2009 Expenses |
|
| Tuition
|
Full-time: $47,260 per year |
| Required fees
|
$678 per year |
| Room and board, books, and
miscellaneous expenses
|
$24,900
|
| Average indebtedness of 2008
graduating class
|
$85,614 |
MBA Career and Salary Statistics: University of Chicago
(Booth)School has submitted its most recent career data in
accordance with the MBA Career Services Council
Standards for Reporting MBA Employment Statistics and
has granted permission to the Graduate Management
Admission Council to send an independent third party to
review for accuracy and compliance.
| Class of 2008 |
|
| Total full-time graduates
|
556 |
| Total full-time graduates
known to be seeking employment
|
525 |
|
Sample GMAT Practice Test (FREE) |
|
| Graduates employed at
graduation (full-time)
|
87.4% |
| Graduates employed three
months after graduation (full-time)
|
92.2% |
| Total Base Salary |
|
| Total reporting base salary
|
484 |
| Low base salary
|
$45,000
|
| Average base salary
|
$107,091
|
| High base salary
|
$250,000
|
| Base Salary: U.S. Citizens |
|
| Low base salary: U.S. citizens
|
$45,000
|
| Average base salary: U.S.
citizens
|
$106,922
|
| High base salary: U.S citizen
|
$250,000
|
| Base Salary: Foreign Nationals |
|
| Low base salary: Foreign
nationals
|
$75,000
|
| Average base salary: Foreign
nationals
|
$107,527
|
| High base salary: Foreign
nationals
|
$195,000
|
| Total Signing Bonus |
|
| Total reporting signing bonus
|
392 |
| Low signing bonus
|
$4,000
|
| Average signing bonus
|
$29,321
|
| High signing bonus
|
$95,000
|
| Signing Bonus: U.S. Citizens |
|
| Low signing bonus: U.S.
citizens
|
$4,000
|
| Average signing bonus: U.S.
citizens
|
$28,323
|
| High signing bonus: U.S.
citizens
|
$95,000
|
| Signing Bonus: Foreign Nationals |
|
| Low signing bonus: Foreign
nationals
|
$5,000
|
| Average signing bonus: Foreign
nationals
|
$32,045
|
| High signing bonus: Foreign
nationals
|
$70,000
|
| Total Other Compensation |
|
| Total reporting other
compensation
|
108 |
| Low other compensation
|
$500
|
| Average other compensation
|
$35,284
|
| High other compensation
|
$190,000
|
| Other Compensation: U.S. Citizens |
|
| Low other compensation: U.S.
citizens
|
$500
|
| Average other compensation:
U.S. citizens
|
$33,395
|
| High other compensation: U.S.
citizens
|
$125,000
|
| Other Compensation: Foreign Nationals |
|
| Low other compensation:
Foreign nationals
|
$10,000
|
| Average other compensation:
Foreign nationals
|
$40,393
|
| High other compensation:
Foreign nationals
|
$190,000
|
| Base Salary by Occupation |
|
|
Numbers for employment by occupation are based
on those graduates who reported base salary
information by three months after graduation. |
| Number reporting
marketing/sales jobs
|
37 |
| Marketing/sales low salary
|
$85,000
|
| Marketing/sales average salary
|
$98,681
|
| Marketing/sales high salary
|
$136,000
|
| Number reporting
operations/production jobs
|
1 |
| Operations/production low
salary
|
N/A
|
| Operations/production average
salary
|
N/A
|
| Operations/production high
salary
|
N/A
|
| Number reporting general
management jobs
|
62 |
| General management low salary
|
$80,000
|
| General management average
salary
|
$108,623
|
| General management high salary
|
$195,000
|
| Number reporting
finance/accounting jobs
|
261 |
| Finance low salary
|
$65,000
|
| Finance average salary
|
$102,548
|
| Finance high salary
|
$250,000
|
| Number reporting management
information systems jobs
|
0 |
| Management information systems
(MIS) low salary
|
N/A
|
| Management information systems
(MIS) average salary
|
N/A
|
| Management information systems
(MIS) high salary
|
N/A
|
| Number reporting consulting
jobs
|
110 |
| Consulting low salary
|
$80,000
|
| Consulting average salary
|
$119,369
|
| Consulting high salary
|
$140,000
|
| Number reporting human
resources jobs
|
0 |
| Human resources low salary
|
N/A
|
| Human resources average salary
|
N/A
|
| Human resources high salary
|
N/A
|
| Number reporting having jobs
in other areas
|
13 |
| Other occupations low salary
|
$45,000
|
| Other occupations average
salary
|
$105,714
|
| Other occupations high salary
|
$160,000
|
| Base Salary by Industry |
|
|
Numbers for employment by industry are based on
those graduates who reported base salary
information by three months after graduation. |
| Number reporting manufacturing
industry jobs
|
16 |
| Manufacturing industry low
salary
|
$80,000
|
| Manufacturing industry average
salary
|
$98,400
|
| Manufacturing industry high
salary
|
$135,000
|
| Number reporting service
industry jobs
|
N/A |
| Service industry low salary
|
N/A
|
| Service industry average
salary
|
N/A
|
| Service industry high salary
|
N/A
|
| Number reporting non-profit
jobs
|
0 |
| Non-profit low salary
|
N/A
|
| Non-profit average salary
|
N/A
|
| Non-profit high salary
|
N/A
|
| Number reporting government
jobs
|
5 |
| Government low salary
|
$45,000
|
| Government average salary
|
$87,000
|
| Government high salary
|
$108,000
|
| Base Salary by Geographic Region |
|
|
Numbers for employment by location are based on
those graduates who reported base salary
information by three months after graduation. |
| Number reporting jobs in the
Northeast (CT, MA, ME NH, NJ, NY, RI, VT)
|
134 |
| Northeast low salary
|
$85,000
|
| Northeast average salary
|
$102,678
|
| Northeast high salary
|
$250,000
|
| Number reporting jobs in the
Middle Atlantic (DC, DE, MD, PA, VA, WV)
|
8 |
| Middle Atlantic low salary
|
$100,000
|
| Middle Atlantic average salary
|
$120,500
|
| Middle Atlantic high salary
|
$155,000
|
| Number reporting jobs in the
South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN)
|
10 |
| South low salary
|
$92,000
|
| South average salary
|
$102,950
|
| South high salary
|
$127,000
|
| Number reporting jobs in the
Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH,
SD, WI)
|
146 |
| Midwest low salary
|
$45,000
|
| Midwest average salary
|
$107,468
|
| Midwest high salary
|
$160,000
|
| Number reporting jobs in the
Southwest (AZ, CO, NM, OK, TX)
|
18 |
| Southwest low salary
|
$75,000
|
| Southwest average salary
|
$108,722
|
| Southwest high salary
|
$175,000
|
| Number reporting jobs in the
West (AK, CA, HI, ID,MT, NV, OR, UT, WA, WY)
|
64 |
| West low salary
|
$85,000
|
| West average salary
|
$109,148
|
| West high salary
|
$150,000
|
| Number reporting jobs located
internationally
|
103 |
| International low salary
|
$75,000
|
| International average salary
|
$110,964
|
| International high salary
|
$195,000 |
|
