Overview
Founded in 1898 as one of the first business schools in the United States, Chicago Booth has built an enduring reputation for intellectual rigor and a distinctive emphasis on empirical, theory-driven analysis. It is closely associated with the Chicago School of Economics, having produced or employed numerous Nobel laureates whose work has shaped modern finance, economics, and management theory. Booth consistently ranks among the top business schools worldwide for its MBA, PhD, and executive programs.
At a Glance
| Type | Private |
| Location | Chicago, Illinois |
| Founded | 1898 |
| Total students | 2,700 |
| Student–faculty ratio | 7:1 |
| Acceptance rate | 24% |
| Graduation rate | 98% |
| Average starting salary | $175,000 |
Tuition & Costs (estimates)
| In-state tuition | $78,000 |
| Out-of-state tuition | $78,000 |
| Room & board | $22,000 |
| Average financial aid | $40,000 |
| Students receiving aid | 60% |
Admissions
| SAT range | N/A |
| ACT range | N/A |
| Average GPA | 3.6 |
| Regular deadline | April 3 |
Top Programs
- Finance
- Economics
- Entrepreneurship
- Analytics
- Strategy
Figures are estimates for exploration — verify current costs, deadlines, and requirements on the university's official website.