Chicago Booth MBA Acceptance Rate- Class of 2023 Profile and Insights

Booth School of Business MBA program ranks #1 in the country, as per the US News and World Report MBA 2023 rankings. When it comes to the curriculum, faculty, and overall learning experience, this University of Chicago’s B-school is a powerhouse of financial and economical programs. 

Being the topmost private university, admissions to University of Chicago Booth School of Business are quite competitive. The Chicago Booth MBA admission applications are open for academic sessions commencing in 2023. Before applying the applicants generally look for insights into the university’s selection process. Therefore, let’s discuss Booth School of Business MBA acceptance rate and class profile of 2023 batch. 

Chicago Booth MBA Acceptance Rate

For the class 2023, the University of Chicago Booth School of Business MBA acceptance rate is 22.6%. This is an average admission rate for the full-time MBA program, as its quite similar to previous year trends:

Other US business schools with similar MBA acceptance rate includes Wharton Business School, Kellogg School of Management, Dartmouth Tuck, Michigan Ross, and Cornell Johnson. Compare Booth School of Business MBA program with other top B-schools:

• Booth MBA vs Kellogg MBA
• Booth MBA vs Columbia MBA

Chicago Booth MBA Class Profile 2023

The infograph mentioned below offers a details on the University of Chicago Booth School of Business MBA Class of 2023:

Wondering how employable Chicago Booth MBA graduate are? Well, around 96.4% MBA graduates received full-time job opportunities in 2021. Check: Chicago Booth MBA placement report for top recruiters and salary packages offered to the graduates.

Chicago Booth MBA International Student Enrollments

University of Chicago Booth MBA class profile is equally celebrated for its diversified intake of students all over the world. Booth MBA class of 2023 represent 56 countries. Overall, 38.9% international students are enrolled for the full-time MBA program. The global breakdown of enrolled students is mentioned below:

• 1% students from Africa
• 11% students from Asia
• 3% students from Canada
• 9% students from Central/South American & Mexico
• 3% students from Europe
• 2% students from Middle East
• 70% students from USA

Other significant enrollments statistics include- 42.3% students are female, 5% students belong to LGBTQ+, and 9% are first generation students.

Chicago Booth MBA Average GPA

The MBA program students belonged to diverse academic backgrounds such as economics, engineering, psychology, physical sciences, etc. The average GPA of Class’23 is 3.54, whereas, the GPA range is 2.7-4.0. Also Check: How to calculate GPA?

Students from 262 undergraduate institutions enrolled for the MBA programs. Majority of MBA students completed their UG in business-related majors, followed by engineering:

Chicago Booth MBA GMAT Score

GRE and GMAT score mandatory for the MBA admissions at Chicago Booth. The university doesn’t have any preference in terms of the test, allowing students to take either GMAT or GRE. As per the records, the University of Chicago Booth MBA Class of 2023, 82% students opted for GMAT score and 18% students submitted GRE score. 

The statistical details for Booth School of Business MBA class are as follows:

Also Read: GRE vs GMAT for MBA Admissions

Chicago Booth MBA Class Profile- Pre-MBA Work Experience

As mentioned above, the average pre-MBA work experience of Booth students is around 5 years. Majority of MBA students were employed in Consulting, followed by financial services. The top 5 pre-MBA industries:

1. Consulting: 23%
2. Financial Services: 20%
3. Technology: 12%
4. Non-profit/ Government: 11%
5. Private Equity/Venture Capital: 7%

This was the statistical data for Class of 2023. Let’s take a look ar the last 5 year trends

Booth Business school MBA program is gaining popularity with each year, making its admission process stringent and aggressive. Despite that, the MBA program maintains an acceptance rate between 22%-25%. This is because only the best students from across the world apply for the program. As indicated by the statistics, international students are also present at in the program in good numbers. Thereby, emphasising the Booth MBA program selection criteria to be stringent yet holistic.