University of Chicago (Booth)

Chicago, IL

Part-Time MBA Overview

Average undergraduate GPA, 2023-24 enrollees	3.40
Tuition per credit, out-of-state 5%	DNP
Size of 2022-2023 graduating class	355
Yield, 2023–24 (Matriculates/Admits)	DNP
Graduation rate, 2020-23	DNP
Average number of years of work experience, 2023-24 entrants	6.0
One-year retention rate, 2022-23	100%
Acceptance rate, fall 2023	DNP

The University of Chicago Booth School of Business accepts EA, GMAT and GRE scores, including Focus Edition, and shortened GRE test scores, but they are not required. However, the program does require two letters of recommendation. The school offers two part-time MBA programs, namely evening and weekend MBA programs. According to the school, around 77% of weekend MBA students travel from outside Illinois for classes. The 2023-2024 tuition per course is $8,096. Graduates report a median base salary of approximately $165,000 four months post-graduation. Lastly, the school has four application deadlines per season throughout the year and requires 2,000 units of credit to graduate.

See full Best Part-Time MBA Programs for 2024

Executive MBA Overview

Size of 2022-2023 graduating class	252
Graduation rate, 2020-23	DNP
One-year retention rate, 2022-23	DNP
Acceptance rate, 2023-24	DNP
Total approximate cost	$181,083
Standardized testing required?	Yes
Yield, 2023–24	DNP
Avg. # of years of mgmt. experience, 2023-24 entrants	7.8
Avg. # of years of work experience, 2023-24 entrants	13.6

The University of Chicago's (Booth) executive MBA requires high English proficiency. As such, the need for an English proficiency exam is determined based on a completed application and personal interview. Booth requires all applicants to take one of three entrance exams: the Executive Assessment, the GMAT, or the GRE. Test waivers are available and "encouraged for applicants with highly proficient, quantitative and academic backgrounds," but they are reviewed on a case-by-case basis. The program is taught worldwide, including on the main Chicago campus and in London and Hong Kong. The final deadline to apply for the fall semester is June 10.

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Traditional MBA Overview

Acceptance rate	33%
Median base salary of new grads	$180,000
Tuition per year, out-of-state	$84,198
Median GMAT	730

At Chicago Booth, the mission is to "influence and educate current and future leaders." Its MBA program has on average about 50 students per course, and candidates tend to have over five years of work experience. The application process requires submission of GMAT and/or GRE scores as well as two letters of recommendation. International students can submit proof of English proficiency via TOEFL (minimum score of 104 is required). The round three deadline is April 3, and there is a $250 application fee.

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Traditional MBA — Healthcare Management Overview

Acceptance rate	33%
Median base salary of new grads	$180,000
Tuition per year, out-of-state	$84,198
Median GMAT	730

The University of Chicago Booth School of Business seeks to "influence and educate current and future leaders." The MBA application process requires submission of GMAT and/or GRE scores as well as two letters of recommendation. International students can submit proof of English proficiency via TOEFL (minimum score of 104 is required). The round three deadline is April 3, and there is a $250 application fee. Booth is ranked No. 2 on Fortune's flagship best MBA list and offers a concentration in healthcare as well as a joint MBA/MS Biomedical Sciences program.

See full Best MBA Programs – Healthcare Management for 2025

Traditional MBA — International Business Overview

Acceptance rate	33%
Median base salary of new grads	$180,000
Tuition per year, out-of-state	$84,198
Median GMAT	730

At Chicago Booth, the mission is to "influence and educate current and future leaders." With an average of 50 students per course, its MBA program typically attracts candidates with more than five years of work experience. Applicants must submit GMAT and/or GRE scores and provide two letters of recommendation. International students are required to demonstrate English proficiency with a minimum TOEFL score of 104. The round three application deadline is April 3, and the application fee is $250. Chicago Booth is ranked No. 2 on Fortune's flagship best MBA list and offers a concentration in international business.

See full Best MBA Programs – International Business for 2025

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