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Top 10 Business Schools

  1. Harvard Business School
  2. Stanford Graduate School of Business
  3. The Wharton School
  4. Kellogg School of Management
  5. Sloan School of Management
  6. Booth School of Business
  7. Tuck School of Business
  8. Haas School of Business
  9. Columbia Business School
  10. Stern School of Business

Distance Learning MBA

  1. Capella University
  2. DeVry University Online
  3. Northeastern University
  4. Regis University
  5. Salem International University
  6. University of Phoenix
  7. Walden University
 

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
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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

University of Chicago Booth School of Business

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
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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


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