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One of the oldest b-schools in the world, Booth School of Business was the first American school to offer Executive MBAs and PhD after MBA options in business and management. Since 1982, seven Booth faculty members and alums have been awarded the Nobel Prize in economics. Moreover, founded in 1898, Booth School of Business was amongst the first major business schools to start with an experiential leadership development program.
Curriculum and Application Requirements
The Booth curriculum includes 14 concentrations, three or four courses per quarter. Also, it includes only one required course—Leadership Effectiveness and Development—which gives flexibility to students to design their own course depending on the requirements of potential employers.
Furthermore, students applying at Booth for a full-time MBA, require a four-year American baccalaureate or equivalent college degree. Also, Booth does not accept three-year undergrad degrees. Thus, new students get admission in the full-time program in the autumn quarter only.
The admission process consists of two main components—application followed by an interview. The application should include professional and personal information, answers to essay questions, recommendation letters, scanned transcripts from their post-secondary institutions, GMAT / GRE and TOEFL / IELTS / PTE scores, and an application fee.
Chicago Booth Culture?
Booth encourages its students to focus on generating, comparing, analyzing, executing, and refining ideas in order to elevate them to bigger and better ideas. Also, a full-time MBA consists of 20 classes plus LEAD – Leadership Effectiveness and Development program. Unlike other top b-schools with lockstep MBA programs, Booth does not require its students to go through every class. The flagship of the program is its flexible curriculum. One key factor is the LEAD course, in which all the MBAs study in a program designed and tailored to fit their own career goals and aspirations.
A student at Booth benchmarks himself with respect to critical aspects of leadership – working in groups, cohort, teams, influencing others, interpersonal communication, conflict management, and presentation skills. In Class of 2016, 96.2% accepted a job within 3 months of their graduation with a base salary of $135,000.
In over 100 countries, Booth has about 51,000 graduates. Along the former RBI Governor Raghuram Rajan, other famous alumni form a long list. It includes former Governor of New Jersey and financial executive Jon Corzine, Microsoft CEO Satya Nadella, McKinsey founder James O. McKinsey, Nobel Laureate (Economics) Eugene Fama, novelist Sara Paretsky, former Morgan Stanley CEO Philip J. Purcell among others.
Chicago Booth culture puts together a global community of individuals with different perspectives and diverse backgrounds. They are bonded by a shared sense of inquisitiveness and curiosity in pursuit of deeper understanding. This allows students to become future business leaders and influencers.
FAQs
Booth wins when it comes to having a collaborative culture. However, when it comes to prestige in terms of the work experience of the students- Wharton wins.
The University is well known for its research centers that are leaving a trail in social innovation, entrepreneurship, leadership, artificial intelligence, public policy, finance, marketing, and other areas.
The Chicago model of education follows 4 elements. That is, innovation, education, community, and impact. The education model focuses not just on academics but also on practical education. The solution-oriented approach helps students to address present challenges and access future needs in their respective fields.
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