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Booth School of Business – The University of Chicago - Evening MBA

Chicago Booth Evening MBA Program Structure

The University of Chicago Evening MBA program at the Booth School of Business operates out of the Gleacher Center in downtown Chicago. Classes meet one evening per week from 6-9 p.m. Students average two courses per 11 week quarter, allowing them to complete the 20 course program in two and a half to three years time.

The Chicago Booth Evening MBA program accepts new students at four times during the year, prior to each of the autumn, winter, spring, and summer quarters. Before the first day of classes, a three-day program called Launch kicks off the Booth student experience.

Curriculum

Chicago Booth offers its full curriculum to Evening MBA students. It consists of 20 classes plus Leadership Effectiveness and Development (LEAD). Three Foundation Courses are required – students select one course from the Financial Accounting, Microeconomics, and Statistics categories, but may schedule these courses in no particular order. Six courses are required in the Functions, Management, and Business Environment Categories of Finance, Marketing, Operations, Decisions, People, Strategy, and Business Environment subject fields.

The remaining 11 courses can be tailored to personal interest in electives. Finally, all students take the LEAD program to kick-start their leadership development process during their first quarter of enrollment. Based on the particular personal curriculum selected, students are eligible for organizing their study around 13 different concentration areas of study: Accounting, Analytic Finance, Econometrics and Statistics, Economics, Entrepreneurship, Finance, General Management, International Business, Managerial and Organizational Behavior, Marketing Analytics, Marketing Management, Operations Management and Strategic Management. Although a concentration is not required, most Booth students typically fulfill between one and three of the topics depending on their particular interests and goals.

Chicago Booth offers lab courses that emphasize hands-on learning. Options in this format include:

Lab in New Product Development and Strategy, which allows students to work in teams with executives at major companies on new product development, business strategy, and operational research. Recent partner companies included Honeywell International and Valspar.

The New Venture and Small Enterprise Lab has students work closely with senior management at early-stage companies on strategic and operational projects, with a unique opportunity to take their ideas to market.

The D4 Foundations teaches an entrepreneurial design method to identify pressing needs in complex problem areas, emphasizing user-centered design.

The Private Equity/Venture Capital Lab comprises 15-20 hours of interning a week at companies like Sterling Partners, Dunrath, Duchossois, OCA Ventures, Lake Capital, Essex Woodlands, Roundtable, WHI, Seneca Partners, Arch Development and Prism Capital. There is an additional classroom component as well.

The Social Enterprise Lab gives students a close look at local nonprofit and for-profit ventures that have social missions. Students then contribute strategic recommendations to leverage future growth.

Energy and Clean Tech Lab is designed to provide students a foundation in clean technology through partnerships with leading clean-tech firms and research labs.

Marketing Lab provides project based experiential opportunities in marketing research and new product development.

Healthcare Analytics Lab seeks to equip students with the skill set to apply date-driven analytics to identify and build healthcare delivery efficiencies. Students work on improvement projects in teams with leading world healthcare institutions and learn to bring operations theory and analytics methods into practice with faculty guidance.

The International Business Exchange Program (IBEP) allows Booth students to study abroad in 30 partner schools in 21 different countries.

Part-Time MBA Rankings

• U.S. News & World Report: 1

Class Profile

The total enrollment of the most recent Chicago Booth Evening MBA program was 66 percent male and 34 percent female students. About 80 percent of the class is between the ages of 25-34. On a 4.0 scale, the average GPA is between 3.0 and 3.8. About 80 percent of GMAT scores for Evening MBA students fall between 610 and 730.

There is no cut-off level for grades, GPA, GMAT, or number of years of work experience in the admissions process.

Career Statistics

According to the school’s most recent employment report, the majority (33 percent) of recent Booth Evening MBA grads joined the financial services industry, with 19 percent joining the consulting industry, and 11 percent joining the tech industry.

The median salaries of those joining the finance field was $125,000, while the median salary for consulting graduates was $140,000. On average, all Booth Evening MBA grads earned $125,000 annually after earning their degree.

Tuition, Scholarships, and Financial Aid

Tuition per course for the Chicago Booth Evening MBA is $7,200. The required 20 courses yields a total tuition fee of $144,000, plus the following additional fees:

• One-time Administrative Service Fee: $1,100
• One-time Student Activity Fee: $500
• One-time Lifetime Transcript Fee: $75
• Book fee: $25 per course
• Bringing the total cost to approximately $146,175.*

*Tuition is adjusted yearly in the summer quarter and Booth reserves the right to change the fees based on a student’s entry quarter and year.

There are three loan programs available for Evening MBA and Weekend MBA students who are US citizens or permanent residents. The Federal Direct Stafford Student Loan is an option for students enrolled in two or more courses each quarter. The Federal Direct GradPLUS loan is a credit-based loan subject to the rules and regulations of other federal financial aid programs. Finally, all students can apply for private, credit-based alternative loans.

For international students with no U.S. co-signers, Booth offers a loan program. Detailed information on this program and private loan options for international students who do have U.S. cosigners are available via the admitted students website after admission has been secured.

Admissions

The Chicago Booth Evening MBA program accepts students four times a year for the fall, winter, spring, and summer quarters. Nine months prior to the deadline for each intake, the application becomes available. Application review then takes place on a rolling basis. So long as the application is submitted prior to the deadline, it will be reviewed. Decision response time typically takes four to six weeks after the completed application is submitted.

To complete an application for Booth’s Evening MBA Program, prospective students must submit a completed online application with personal background information, complete a series of varying essay questions (between two and four 300-500 word essays depending on the student options), a professional resume, two letters of recommendation, transcripts from all post-secondary educational institutions attended, official GMAT or GRE scores, and a $175 application fee.

Interviews are required for all applicants to the Evening MBA Program. They are conducted once a completed application is submitted through the online system and are generally scheduled before and up to a few weeks after the application deadline. The interviews are conducted by Booth staff, students, and alumni at the Gleacher Center on Booth’s downtown campus on weekdays at 4, 5, and 6 p.m., as well as mornings and early afternoons on “Super Saturdays” around the application deadlines.

Application deadlines are as follows:

Winter 2020 – Oct. 4, 2019
Spring 2020 – Jan. 6, 2020
Summer 2020 – March 30, 2020

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