The University of Chicago Booth School of Business is one of the top-ranked business schools in the world, offering an MBA program consistently ranked among the best. The school has a long and distinguished history, having been founded in 1898 as the first business school to offer an MBA degree. It is renowned for its rigorous and innovative curriculum, which emphasizes critical thinking and analytical problem-solving skills. The faculty is composed of leading thinkers from around the world who are committed to advancing knowledge through research, teaching, and consulting. Students benefit from a wide range of experiential learning opportunities that include internships, study abroad programs, business competitions, and industry partnerships. With alumni networks in over 60 countries around the world, Booth graduates are well-positioned for success in their chosen fields. See topschoolsintheusa for top business schools in Wisconsin.
Noted as one of the leading business schools in the state, University of Chicago Booth School of Business has distinguished itself with reputable career service, high average starting salary and rigorous academic curriculums. On this page specified for University of Chicago Booth School of Business, you can also find its complete admissions application information, such as average GMAT scores, undergraduate GPA ranges, average professional experience and acceptance rates for part-time, full-time and executive degree programs offered by University of Chicago Booth School of Business. According to AbbreviationFinder, University of Chicago is abbreviated as UOFC.
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Business School Admissions
Application (Fall 2022)
| Application deadline (U.S. residents) |
April 3 |
| Application deadline (international students) |
April 3 |
| Application fee |
$250 |
Admissions & Enrollment (Full-time)
| Acceptance rate (full-time) |
21.0% |
| Average age of new entrants |
28 |
| Average undergraduate GPA (full-time) |
3.58 |
| Undergraduate GPA range (10th-90th percentile) |
3.24-3.91 |
| Entrants providing undergraduate GPA |
581 |
| Average GMAT score (full-time) |
723 |
| GMAT range (10th-90th percentile) |
680-760 |
| Entrants providing GMAT scores |
562 |
| Students with prior work experience |
571 |
| Average work experience (months) |
57 |
Admissions & Enrollment (Part-time)
| Acceptance rate |
N/A |
| Average age of new entrants |
29 |
| Average undergraduate GPA |
3.39 |
| Undergraduate GPA range (10th-90th percentile) |
N/A |
| Entrants providing undergraduate GPA |
468 |
| Average GMAT score |
681 |
| GMAT range (10th-90th percentile) |
620-740 |
| Entrants providing GMAT scores |
439 |
| Students with prior work experience |
N/A |
| Average work experience (months) |
74 |
Admissions & Enrollment (Executive Degree Program)
| Acceptance rate |
N/A |
| Average age of new entrants |
38 |
| Average undergraduate GPA |
N/A |
| Undergraduate GPA range (10th-90th percentile) |
N/A |
| Entrants providing undergraduate GPA |
N/A |
| Average GMAT score |
N/A |
| GMAT range (10th-90th percentile) |
N/A |
| Entrants providing GMAT scores |
N/A |
| Students with prior work experience |
94 |
| Average work experience (months) |
168 |
GRE Scores
| GRE accepted for admissions |
Yes |
| Percentage of fall 2013 entering class that submitted GRE scores |
N/A |
| GRE accepted as alternative to GMAT |
Yes |
Undergraduate Majors
TOEFL
| TOEFL required for international students |
Yes |
| Minimum TOEFL score required |
600 paper test
104 internet-based test |
| Mean TOEFL of entering students |
N/A |
| Median TOEFL of entering students |
N/A |
Factors and Procedures Used in Admissions
| Full-time program |
| Executive program |
| Part-time program |
| Part-time distance learning program |
N/A |
* Business School Admissions details based on 2022 data
Business School Career and Salary
Class of 2022
| Full-time graduates |
579 |
| Full-time graduates known to be seeking employment |
520 |
| Full-time graduates employed at graduation |
82.1% |
| Full-time graduates employed three months after graduation |
90.8% |
Base Salary: Overall
| Total reporting base salary |
416 |
| Low base salary |
$44,400 |
| Average base salary |
$116,302 |
| High base salary |
$250,000 |
Base Salary: U.S. Citizens
| Low base salary: U.S. citizens |
$44,400 |
| Average base salary: U.S. citizens |
$115,941 |
| High base salary: U.S citizens |
$250,000 |
Base Salary: Foreign Nationals
| Low base salary: Foreign nationals |
$60,000 |
| Average base salary: Foreign nationals |
$117,046 |
| High base salary: Foreign nationals |
$160,000 |
Signing Bonus: Overall
| Total reporting signing bonus |
283 |
| Low signing bonus |
$3,000 |
| Average signing bonus |
$28,929 |
| High signing bonus |
$100,000 |
Signing Bonus: U.S. Citizens
| Low signing bonus: U.S. citizens |
$3,000 |
| Average signing bonus: U.S. citizens |
$27,537 |
| High signing bonus: U.S. citizens |
$80,000 |
Signing Bonus: Foreign Nationals
| Low signing bonus: Foreign nationals |
$4,500 |
| Average signing bonus: Foreign nationals |
$32,399 |
| High signing bonus: Foreign nationals |
$100,000 |
Other Compensation: Overall
| Total reporting other compensation |
52 |
| Low other compensation |
$5,000 |
| Average other compensation |
$40,931 |
| High other compensation |
$200,000 |
Other Compensation: U.S. Citizens
| Low other compensation: U.S. citizens |
$5,000 |
| Average other compensation: U.S. citizens |
$43,957 |
| High other compensation: U.S. citizens |
$200,000 |
Other Compensation: Foreign Nationals
| Low other compensation: Foreign nationals |
$8,500 |
| Average other compensation: Foreign nationals |
$34,122 |
| High other compensation: Foreign nationals |
$135,000 |
Base Salary by Occupation
Numbers for employment by occupation are based on those graduates who reported base salary information by three months after graduation.
| Number reporting marketing/sales jobs |
51 |
| Marketing/sales low salary |
$82,500 |
| Marketing/sales average salary |
$110,855 |
| Marketing/sales high salary |
$135,000 |
| Number reporting operations/production jobs |
9 |
| Operations/production low salary |
$100,000 |
| Operations/production average salary |
$115,714 |
| Operations/production high salary |
$120,000 |
| Number reporting general management jobs |
74 |
| General management low salary |
$50,000 |
| General management average salary |
$106,176 |
| General management high salary |
$180,000 |
| Number reporting finance/accounting jobs |
190 |
| Finance/accounting low salary |
$70,000 |
| Finance/accounting average salary |
$109,676 |
| Finance/accounting high salary |
$250,000 |
| Number reporting management information systems (MIS) jobs |
0 |
| Number reporting consulting jobs |
146 |
| Consulting low salary |
$44,400 |
| Consulting average salary |
$130,540 |
| Consulting high salary |
$155,000 |
| Number reporting human resources jobs |
0 |
| Number reporting having jobs in other areas |
2 |
Base Salary by Industry
Numbers for employment by industry are based on those graduates who reported base salary information by three months after graduation.
| Number reporting government jobs |
1 |
| Number reporting manufacturing jobs |
20 |
| Manufacturing low salary |
$95,000 |
| Manufacturing average salary |
$109,251 |
| Manufacturing high salary |
$139,000 |
| Number reporting non-profit jobs |
7 |
| Non-profit low salary |
$61,000 |
| Non-profit average salary |
$90,667 |
| Non-profit high salary |
$120,000 |
Base Salary by Geographic Region
Numbers for employment by location are based on those graduates who reported base salary information by three months after graduation.
| Number reporting jobs in the Northeast (CT, MA, ME, NH, NJ, NY, RI, VT) |
110 |
| Northeast low salary |
$52,000 |
| Northeast average salary |
$111,667 |
| Northeast high salary |
$150,000 |
| Number reporting jobs in the Middle Atlantic (DC, DE, MD, PA, VA, WV) |
11 |
| Middle Atlantic low salary |
$95,000 |
| Middle Atlantic average salary |
$129,000 |
| Middle Atlantic high salary |
$180,000 |
| Number reporting jobs in the South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) |
10 |
| South low salary |
$95,000 |
| South average salary |
$116,111 |
| South high salary |
$135,000 |
| Number reporting jobs in the Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) |
155 |
| Midwest low salary |
$50,000 |
| Midwest average salary |
$119,264 |
| Midwest high salary |
$250,000 |
| Number reporting jobs in the Southwest (AZ, CO, NM, OK, TX) |
29 |
| Southwest low salary |
$90,000 |
| Southwest average salary |
$116,640 |
| Southwest high salary |
$135,000 |
| Number reporting jobs in the West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) |
77 |
| West low salary |
$100,000 |
| West average salary |
$119,754 |
| West high salary |
$150,000 |
| Number reporting jobs located internationally |
80 |
| International low salary |
$44,400 |
| International average salary |
$111,686 |
| International high salary |
$160,000 |
* Business School Career and Salary details based on 2022 data
