University of Chicago Booth School of Business
Chicago, United States - Founded 1898
The University of Chicago Booth School of Business was founded in 1898. Its Full-Time MBA is based on the Hyde Park campus in Chicago, and Booth also runs Evening and Weekend MBA programs in Chicago, an Executive MBA with campuses in Chicago, London, and Hong Kong, and the Chicago Booth Scholars early-career program. The Class of 2027 enrolled 635 full-time MBA students from 5,876 applications. The class is 37% international and 41% women, with an average of five years of work experience and an average GPA of 3.6. Among students who submitted the classic GMAT (14% of the class) the average was 736; among those who submitted the GMAT Focus Edition (39%) the average was 670; 42% submitted the GRE. In the Class of 2025, 87.8% of job-seeking graduates had accepted a full-time offer within three months of graduation. The median base salary was $175,000 and the median sign-on bonus was $30,000. Consulting took 36.7% of hires, financial services 31.6%, and technology 14.1%. Booth ranks #20 in the Financial Times Global MBA 2026 and #3 in U.S. News Best Business Schools 2026.
Class size
635
Avg GMAT
736
Median salary
$175,000
- #20 Financial Times Global MBA 2026
- #7 Bloomberg Businessweek Best B-Schools 2026-27 (US)
- #3 U.S. News Best Business Schools 2026
Class profile
Applications
5,876
Avg GPA
3.6
GMAT range
690-770
Intl students
37%
Women
41%
Avg work exp
5.0 yrs
Avg age
-
GRE accepted
Yes
Undergraduate majors
Pre-MBA industries
Employment
Median base salary
$175,000
Signing bonus
$30,000
Placement (3 mo)
87.8%
Offers at grad
80.9%
Changed industry
-
Changed function
-
Top employers
| Industry | % of class |
|---|---|
| Consulting | 36.7% |
| Financial Services | 31.6% |
| Technology | 14.1% |
| Law | 4.5% |
| Healthcare | 4.1% |
| Education/Government/Non-Profit | 1.9% |
| Consumer Products | 1.7% |
Programs
| Type | Program | Duration | Format | Tuition | Class size |
|---|---|---|---|---|---|
| Full-time MBA | Full-Time MBA | 24 months | Full-time, on-campus | $89,976 per year (2026-27) | 635 |
| Part-time MBA | Evening MBA | 30 months | Part-time, evening | $8,998 per course, 20 courses (2026-27) | - |
| Part-time MBA | Weekend MBA | 30 months | Part-time, weekend | $8,998 per course, 20 courses (2026-27) | - |
| Executive MBA | Executive MBA | 22 months | Modular | Chicago campus: $223,500 total program cost (2026) | - |
| Early-career | Chicago Booth Scholars | Enroll after 2 to 5 years of work | Two to five years of full-time work, then the Full-Time, Evening, or Weekend MBA | Tuition of the MBA program entered | - |
All full-time MBA programs comparedAll early-career MBA programs compared
Admissions
| Round | Deadline | Decision by |
|---|---|---|
| Round 1 | September 15, 2026, 11:59 p.m. CT | December 3, 2026 |
| Round 2 | January 7, 2027, 11:59 p.m. CT | March 25, 2027 |
| Round 3 | April 1, 2027, 11:59 p.m. CT | May 20, 2027 |
| Chicago Booth Scholars | April 1, 2027, 11:59 p.m. CT | June 24, 2027 |
Application fee
$250
Tuition
$89,976 per year (2026-27)
Total cost
$132,449 estimated cost of attendance (2026-27, nine months)
Interview
By invitation only, after review of the submitted application. Interviews are held virtually and conducted by a current student or other member of the Booth community; all interviews receive equal weight. Invited candidates also complete a brief recorded video simulation exercise. An interview is required for admission.
English test
Required
Deferral
Deferrals are handled case by case at the discretion of the Admissions Committee, with no guarantee. Chicago Booth Scholars applicants defer enrollment for two to five years by design.
FAQ
What GMAT score do I need for Chicago Booth?
Booth has no minimum score. In the Class of 2027, the classic GMAT average was 736 (median 740, 80% range 690-770) and the GMAT Focus average was 670 (median 675, 80% range 615-725).
Does Chicago Booth publish an acceptance rate?
No. Booth publishes applications (5,876 for the Class of 2027) and class size (635), not an admit rate.
How many rounds does Chicago Booth have?
Three rounds plus Chicago Booth Scholars. Round 1 closes September 15, 2026, Round 2 January 7, 2027, and Round 3 April 1, 2027.
What is the median salary for Chicago Booth graduates?
The Class of 2025 median base salary was $175,000 and the median sign-on bonus was $30,000.
Sources
- 1University of Chicago Booth School of Business, Class profile
- 2University of Chicago Booth School of Business, Admissions
- 3University of Chicago Booth School of Business, Employment report (checked October 15, 2026)
Campus photo by Matthew Bisanz, CC BY-SA 3.0, via Wikimedia Commons.