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
- ACCEPTANCE RATE, 2023-24
- DNP
- AVG. # OF YEARS OF MGMT. EXPERIENCE, 2023-24 ENTRANTS
- 7.8
- AVG. # OF YEARS OF WORK EXPERIENCE, 2023-24 ENTRANTS
- 13.6
- GRADUATION RATE, 2020-23
- DNP
- ONE-YEAR RETENTION RATE, 2022-23
- DNP
- SIZE OF 2022–2023 GRADUATING CLASS
- 252
- STANDARDIZED TESTING REQUIRED?
- Yes
- TOTAL APPROXIMATE COST
- $181,083
- YIELD, 2023–24
- DNP
The University of Chicago’s (Booth) executive MBA requires high English proficiency. As such, an English proficiency exam is determined based on a completed application and personal interview. Booth requires all applicants to take one of three entrance exams: the Executive Assessment, the GMAT, or the GRE. The program is taught worldwide, including on the main Chicago campus and in London and Hong Kong. The final deadline to apply for the fall semester is June 10.
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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.