University of Chicago Booth School of Business FAQ
Answers to common questions about Chicago Booth Full-Time MBA admissions, test scores, deadlines, costs, and outcomes, from Booth's published data.
Admissions
What is the acceptance rate at Chicago Booth?
Booth does not publish an acceptance rate. The Class of 2027 enrolled 635 students from 5,876 applications.
What GMAT score do I need for Chicago Booth?
Booth sets no minimum. For 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).
What GPA do I need for Chicago Booth?
Booth publishes no minimum. The Class of 2027 average GPA was 3.6, with a range of 2.5 to 4.0.
Program
How long is the Chicago Booth Full-Time MBA?
Two years, on the Hyde Park campus in Chicago.
What courses are required?
LEAD is the only required course. Students also cover three foundation areas and choose one course from seven of eight categories in functions, management, and the business environment.
How international is the Chicago Booth MBA?
The Class of 2027 is 37% international, with students from 63 countries.
Career
What is the median salary for Chicago Booth graduates?
For the Class of 2025, the median base salary was $175,000 and the median sign-on bonus was $30,000.
What share of graduates get jobs?
In the Class of 2025, 89.1% of job-seeking graduates had a full-time offer within three months of graduation and 87.8% had accepted one.
What industries do Booth graduates enter?
Class of 2025 hires: consulting 36.7%, financial services 31.6%, technology 14.1%.
Financial
How much is tuition at Chicago Booth?
Full-Time MBA tuition is $89,976 for the 2026-27 academic year.
What is the total cost of attendance?
Booth estimates $132,449 for the 2026-27 academic year (nine months), including tuition, fees, books, housing, food, personal expenses, transportation, and a first-year computer allowance.
What is the application fee?
$250. It is waived for final-year undergraduates applying to Chicago Booth Scholars.
Application
What essays does the Chicago Booth application require?
Four short-answer prompts of 300 characters each, plus one optional response of up to 300 words. There is no long essay.
How many recommendation letters does Chicago Booth require?
One, preferably from a current supervisor.
Does Chicago Booth require the TOEFL or IELTS?
Applicants must submit TOEFL, IELTS, PTE, or Duolingo results unless exempt. Published minimums are TOEFL iBT 104 for tests before January 21, 2026 (5.0 on the new scale) and IELTS 7.
Does Chicago Booth waive the GMAT or GRE?
Only for current University of Chicago undergraduates and UChicago graduates. Booth does not accept superscores.
Sources
- 1. Chicago Booth, Full-Time MBA FAQ
- 2. Chicago Booth, Class of 2027 Profile
- 3. Chicago Booth, How to Apply
- 4. Chicago Booth, Cost
- 5. Chicago Booth, Employment Statistics 2024-2025
- 6. Chicago Booth, MBA Curriculum
- 7. Chicago Booth, International Applicants