Tag Archives: Chicago Booth School of Business

Tuesday Tips: Chicago Booth Fall 2017 MBA Essay Tips

The Chicago Booth School of Business is consistently rated in the top echelon of MBA programs in the United States and is known for a strong intellectual community. This application is designed to evaluate candidates on …

chicago booth essay tipsThe Chicago Booth School of Business is consistently rated in the top echelon of MBA programs in the United States and is known for a strong intellectual community. This application is designed to evaluate candidates on their ability to handle the Chicago curriculum, contribute to the community, and grow in their careers.

Academic ability will largely be communicated through your GPA/GMAT, transcripts and other fixed data points, though intellectual curiosity can be demonstrated in the essays and the interview.

Along with academics, Chicago will be looking for demonstrated leadership, team building skills and community involvement, as well as your fit with Chicago Booth and the perspective you will share with your classmates.

It will be important to strategically work in leadership and work accomplishments into your application. If you choose an image from the options that focuses on professional topics you can work some of your own work examples into the essay.

If you decide to focus on some of the community or academic topics, you can use your resume and certainly the interview to describe your work accomplishments and goals.

ESSAY QUESTION
View this collection of shared Booth moments. Choose the moment that best resonates with you and tell us why.

Presentation/Essay Guidelines:
• Choose the format that works for you. Want to illustrate your response visually? Submit a slide presentation. Like to express yourself with words? Write a traditional essay. Use the format that you feel best captures your response, the Admissions Committee has no preference.
• Determine your own length. There is no prescribed minimum or maximum length. We trust that you will use your best judgment in determining how long your submission should be, but we recommend that you think strategically about how to best allocate the space.
Technical Guidelines:
• File Size: Maximum file size is 16 MB.
• Accepted Upload Formats: Acceptable formats are PDF, Word, and PowerPoint. We strongly recommend converting your piece to a PDF file prior to submitting.
• Multimedia Restrictions: We will be viewing your submission electronically and in full color, but all submissions will be converted to PDF files, so animation, video, music, etc. will not translate over.

The new Chicago Booth essay question gives you a set of photos and text describing and depicting a range of student activities at Booth – from students in India as part of a Global Social Impact Practicum to an MBA sailing race – and asks you to choose one that resonates with you.

Your first step is to do as much school research as possible on Chicago. Visit campus. Attend events. Speak to alumni. Read the admissions blog. Whatever you are capable of doing to experience the community for yourself before starting your application will be invaluable as you set pen to paper.

Chicago Booth’s open-ended essay format is daunting for most applicants. Whether you choose to write an essay or prepare a presentation, take a step back from the unique format and think about the question strategically. The format’s open-ended setup simply gives you the freedom to express who you are in words, images, graphics or some combination.

Keep in mind what Chicago Booth represents in the image you choose. Booth is a school with a tradition of intellectual rigor, non-conformity, and innovation. When discussing the image that resonates with you about Chicago Booth you can share almost anything from any context, from work to home to extracurricular activities.

It’s also important to explain why your chosen image resonates with you and to bring in important elements of your application strategy. Maybe the image of GrubHub founder Matt Maloney on the floor of the New York Stock Exchange resonates with you because you dream of an entrepreneurial career, and you can use the essay to describe more about your career goals.

If you decide to write an essay response, you have enough space to tell a story that describes something new about yourself. If you decide to prepare a PowerPoint in response to this essay question, refine your story to its key elements.

To keep a visual essay interesting and high-impact, consider how you will format. Can you use photos? Drawings? If you use words, keep them clear and focused. Take every point up a level, so you are communicating a vision rather than a thesis.

Optional Essay:
Is there any additional information that you would like the Admissions Committee to know? If so, please address in an optional essay. (300 word maximum)

This optional essay is a flexible question, allowing you to provide the information you need to put forward the best possible application. If you have any areas that need to be explained in your profile, such as academic issues or gaps in work experience, this is the ideal place to add more detail.

Because the essay is open-ended you can also use it to add any additional information you wanted to inform the admissions committee about. Anything from an interesting personal background to meaningful extracurricular could be relevant context to add to a successful application.

Contact Stacy Blackman Consulting to learn more about how we can help you approach your Booth application.

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Chicago Booth Dean Kumar Named Provost at Johns Hopkins

Johns Hopkins University has announced that Sunil Kumar, dean of the Chicago Booth School of Business, will become its 15th provost and senior vice president for academic affairs, effective September 1, 2016. “Sunil is a proven academic …

Johns Hopkins University has announced that Sunil Kumar, dean of the Chicago Booth School of Business, will become its 15th provost and senior vice president for academic affairs, effective September 1, 2016.

“Sunil is a proven academic leader with uncompromising standards for excellence, great integrity, and a deep-seated commitment to collaboration,” says President Ronald J. Daniels. “He is a scholar and leader passionate about higher education, committed to values that align with the priorities of the Johns Hopkins Ten by Twenty‘ strategic vision, and well-suited to be a steward and champion of this extraordinary institution.”

Sunil Kumar provost Johns HopkinsIn five years as dean at Chicago Booth, Kumar helped raise more than $300 million in philanthropic support; focused on student recruitment, including increasing the enrollment of women in full-time programs from 35 percent to 42 percent; and expanded courses for undergraduates.

The dean was also instrumental in establishing the newly consolidated Polsky Center for Entrepreneurship and Innovation, which helps researchers across the university translate ideas, discoveries, and new technology into products and start-up businesses.

As JHU provost, Kumar will work with the president and deans on university-wide interdisciplinary collaboration, academic policy, and key priorities including diversity, student aid, and commitment to the communities surrounding Johns Hopkins’ campuses.

“I look forward to helping Johns Hopkins continue to attract the best faculty and students, while strengthening a welcoming, inclusive, and scholarly environment at the university,” says Kumar. “Ensuring Johns Hopkins is the home of choice of a diverse and talented group of faculty members and students is important to me.”

“I feel that the professional schools and the rest of the university have a complementary and symbiotic relationship,” Kumar adds. “I am deeply attracted to the opportunity to support the faculty and students at Johns Hopkins as it moves closer to the ‘one university’ ideal.”

For more information on this new appointment, please read the original article on the Johns Hopkins University website.

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Chicago Booth Fall 2017 MBA Essay Questions

The University of Chicago Booth School of Business has updated the required full-time MBA essay question for the 2016-2017 application cycle. Essay Question View this collection of shared Booth moments. Choose the moment that best resonates with …

chicago booth essay question

The University of Chicago Booth School of Business has updated the required full-time MBA essay question for the 2016-2017 application cycle.

Essay Question

View this collection of shared Booth moments. Choose the moment that best resonates with you and tell us why. 

Presentation/Essay Guidelines:

  • Choose the format that works for you. Want to illustrate your response visually? Submit a slide presentation. Like to express yourself with words? Write a traditional essay. Use the format that you feel best captures your response, the Admissions Committee has no preference.
  • Determine your own length. There is no prescribed minimum or maximum length. We trust that you will use your best judgment in determining how long your submission should be, but we recommend that you think strategically about how to best allocate the space.

Technical Guidelines:

  • File Size: Maximum file size is 16 MB.
  • Accepted Upload Formats: Acceptable formats are PDF, Word, and PowerPoint. We strongly recommend converting your piece to a PDF file prior to submitting.
  • Multimedia Restrictions: We will be viewing your submission electronically and in full color, but all submissions will be converted to PDF files, so animation, video, music, etc. will not translate over.

Optional Essay:

Is there any additional information that you would like the Admissions Committee to know? If so, please address in an optional essay. (300 word maximum)

Re-applicant Essay:

Upon reflection, how has your perspective regarding your future, Chicago Booth, and/or getting an MBA changed since the time of your last application? (300 words maximum)

For more information on applying to Chicago Booth, please visit the full-time MBA admissions website.

You may also be interested in:

Chicago Booth Fall 2017 MBA Application Deadlines

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Chicago Booth Fall 2017 MBA Application Deadlines

The University of Chicago Booth School of Business has announced the full-time MBA application deadlines for the 2016-2017 admissions cycle. They are as follows: Round 1 Application due: September 22, 2016 Decision released: December 8, …

Chicago Booth deadlines

The University of Chicago Booth School of Business has announced the full-time MBA application deadlines for the 2016-2017 admissions cycle. They are as follows:

Round 1

Application due: September 22, 2016

Decision released: December 8, 2016

Round 2

Application due: January 4, 2017

Decision released: March 16, 2017

Round 3

Application due: April 4, 2017

Decision released: May 18, 2017

The essay questions will be announced in mid-June, and the application will be released soon. For more information about applying to Chicago Booth, please visit the Booth admissions website.

Image courtesy of The University of Chicago Booth School of Business

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Maximize the ROI of Your B-School Decision: Are You Thinking Deep Enough?

With the high cost of admission to a top-tier business school, prospective students should determine whether pursuing the MBA degree makes financial sense as a long-term investment. I advise applicants to ask themselves three questions: …

ROI of the MBA

With the high cost of admission to a top-tier business school, prospective students should determine whether pursuing the MBA degree makes financial sense as a long-term investment. I advise applicants to ask themselves three questions: Will the degree help me switch careers? Can I expect a significant salary increase? Will an MBA help me reach a leadership position sooner?

While it can be daunting to pay hundreds of thousands of dollars to earn an MBA, most business school graduates experience a substantial salary increase. The degree is also a powerful differentiator in a crowded marketplace. The vast majority of graduates report having greater job satisfaction and the ability to advance quickly and, therefore, earn more in shorter time.

In fact, Graduate Management Admission Council’s 2016 Alumni Perspectives survey gets very specific about the dollar value such a degree can bring. Business school alumni earn a median of US$2.5 million in cumulative base salary over 20 years following graduation. Alumni — on average — recoup their b-school investment within four years after graduation, depending on the type of program attended.

Last fall, when Forbes released its 2015 ranking of the best b-schools based on the ROI of the MBA Class of 2010, Stanford Graduate School of Business nudged out Harvard Business School for the top spot for the second straight time, with a five-year gain of $89,100 for graduates. In fact, according to the report, the class of 2010 tripled their pre-MBA total compensation to $255,000 five years out of school.

Calculating the return on investment requires a simple formula. It’s the return acquired from an investment minus the cost of the investment, divided by the cost of the investment. Students of two-year MBA programs typically have the largest investment expense because they miss two years of employment. They need to recoup the cost of the MBA degree plus the opportunity cost in order to get a positive return on their investment.

To dive deeper into the numbers, TransparentMBA, a company started in 2015 by University of Chicago Booth School of Business students who were frustrated by the lack of relevant compensation and satisfaction data available to MBA students, provides both industry and company-specific on effective hourly wage across a multitude of post-MBA roles.

This can greatly help those considering business school figure out just what type of salary bump they can look forward to based on the industry or company they plan to target upon graduating.

Prospective students should consider payback time with projected cumulative growth, and average growth rate, when looking at return on investment as a motivating factor for pursuing an MBA. But keep in mind, the value of the MBA degree varies depending on your post-graduation plans, as well as the brand of the business school where you earn the degree.

In an earlier post on ROI, Paul Danos, former dean of Dartmouth College’s Tuck School of Business, noted that while the elite programs require a significant investment in time and money, it pays off in both career options and compensation. “The top programs are able to recruit the best qualified students, provide a truly excellent educational experience, and therefore attract top recruiters who recognize the value of that experience.”

Remember, every choice that you make when deciding whether an MBA makes sense for you– ranging from the cost of the city you decide to live in, the field you move into, to the school you choose – will impact your financial return on investment.  Nevertheless, I believe that no other degree can open doors as the MBA does.

Image credit: Flickr user http://401kcalculator.org (CC BY-SA 2.0)

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Chicago Booth Alum Gifts $10M for Veteran MBA Scholarships

Military veterans seeking an MBA degree at the University of Chicago Booth School of Business will have a significant leg up, thanks to the $10 million gift from alumnus Eric Gleacher to fund a groundbreaking scholarship …

MBA scholarships for veterans

Military veterans seeking an MBA degree at the University of Chicago Booth School of Business will have a significant leg up, thanks to the $10 million gift from alumnus Eric Gleacher to fund a groundbreaking scholarship program for U.S. veterans.

The Gleacher Veteran Scholars Fund will provide a permanent source of scholarship support to help veterans bridge the gap between the benefits they have earned from the government and the remaining costs associated with receiving their MBA degrees from Booth.

The number of veteran students in Booth’s programs has increased substantially over the past several years, and currently, there are 78 veterans enrolled.

The Marines taught me a great deal about leadership, which is crucial to the success of every business.  A Booth MBA can inspire veteran students as future business leaders, preparing them for successful careers as entrepreneurs and executives in major companies.

“It was a winning combination, and I want to make it possible for those who have served our country to have the same opportunity,” Gleacher said.

Booth has built a reputation for providing veteran support through participation in the Yellow Ribbon Program, a voluntary program that allows universities to enter into an agreement with the U.S. Department of Veterans Affairs to fund tuition and fee expenses that exceed the established thresholds under the Post 9/11 GI Bill.

The Gleacher Veteran Scholars Fund will allow Booth to sustain and expand its financial support for veterans.

“Military veterans bring a great deal to the Chicago Booth community in terms of their experience, commitment to service, and maturity. I’m delighted we have significantly increased the number of veterans in our programs,” said Sunil Kumar, Booth Dean and George Pratt Shultz Professor of Operations Management.

“Eric’s gift will make pursuing an MBA at Booth significantly more affordable for many of these veterans, and thus will have a substantially positive impact on the Booth community as a whole.”

To learn more about Gleacher’s gift, please click here.

Photo by: Mackenzie Stroh for Chicago Booth School of Business

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