Booth School of Business – The University of Chicago

Chicago Booth Executive MBA Program Structure

The University of Chicago Executive MBA at the Booth School of Business has campuses in Chicago, London, and Hong Kong. The program begins in June and runs for 21 months, spanning seven academic quarters.

During the first quarter, Chicago Booth Executive MBA students begin at their home campus in Chicago, London, or Hong Kong with a joint session for incoming students. Quarters two through five cover the core curriculum at that home campus. Between quarters five and six a two-week elective session for all students takes place in Chicago during which students complete between two and four of their elective courses. Students then return to their home campus for quarters six and seven where they finish the core curriculum. Final convocation for all students takes place in Chicago following quarter seven.

Curriculum

During the 21-month Chicago Booth Executive MBA program students take 17 courses together in a set format and complete Leadership Exploration and Development (LEAD). Students also select from four elective courses to complete their individual course of study.

The preset general management curriculum is designed to improve students’ grounding in fundamental business disciplines like the economics of human relations, the financial business case, writing skills, brand strategy, and negotiation techniques. This curriculum comprises:

Foundations – Financial Accounting, Microeconomics, and Statistics courses
Functions – Finance, Marketing, and Operations courses
Management – Decisions, People and Strategy courses
Business Environment – Global Strategy and Economics and Macroeconomics courses

In the electives component of the Executive MBA, students have the opportunity to explore personal career interests more thoroughly. The two-week elective block in the second year of the program allows students to complete between two and four intensive courses on advanced topics such as Entrepreneurial Finance, Investments, Marketing Strategy Simulation, New Product Development, and Applied Game Theory. Some of these courses are organized into tracks, which provide an additional framework to orient study by developing clusters of elective courses in a particular field of interest: capital markets, corporate finance, entrepreneurship, marketing, strategy, or leadership and management. Tracks are not required, however, and students are also allowed to take electives from a range of different subject matters.

The Capstone Simulation is the only other required course. This competition allows student teams to operate in a market environment making financing, investment, pricing, production, channel and marketing decisions culminating in final presentations to a panel of judges who value each student company based on accumulated cash flow and future profit potential, which are determined through historical data modeling and statistical analysis.

Global New Venture Challenge is an optional additional elective course in which teams of students develop an innovative business and business plan and pitch it to peers, faculty, and outside experts in a final all-day presentation format.

Class Profile

There were 240 students in the most recent Chicago Booth Executive MBA class. The program is 80 percent male and 20 percent female. Approximately 60 nationalities are represented. Students have, on average, amassed 13 years of work experience and the mean student age is 37.

Careers

Employment reports on previous Booth graduate hiring trends, employers, industries, and functions are available for each of the past five years. An extensive archive of previously successful resumes is available and career newsletters are constantly circulated via email to keep students apprised of up-to-date job postings and career management tactics. The Fisher Career Resources Center (CRC), located in the Gleacher Center, gives students, and alumni an additional researching resource.

Tuition & Financial Aid

The Executive MBA program tuition is as follows:

North America – $184,000 USD
Asia – HKD 1,265,000 ($162,203 USD)
Europe – USD $150,000

Tuition and fees include the price of all academic sessions, course materials, access to teaching assistants, most meals, daily snacks, and specific student activities. For Chicago students the price also includes lodging for the residential weeks in Chicago (two sessions) and in London and Hong Kong (one session each). For Hong Kong and London campus students, lodging during any time away from home campus is not included.

Admissions Procedures

The Chicago Booth Executive MBA program admits 90 experienced professionals into its three campus programs each summer, for a total matriculation of about 240 students. Each location handles their own admissions processes so notification timeframe may differ slightly, but generally speaking applicants can expect to hear via email or mail somewhere between four and six weeks after applying for one of the four admissions deadlines.

To complete an application for Booth’s Executive MBA program, prospective students must submit a finished online application with personal background information, complete a series of varying essay questions (between two and four 2-page essays may be necessary), a professional resume, three letters of recommendation, transcripts from all post-secondary educational institutions attended, official GMAT or GRE scores (unless granted a waiver*), and a $175 application fee.

*In certain instances, senior level managers with more than twelve years of management experience or candidates who possess an advanced degree in a quantitative field may be granted an exception from the GMAT/GRE requirements. Candidates who believe they fulfill one of these criteria should speak with an admissions representative about obtaining a testing waiver.

Interviews are granted on an invitation-only basis following the evaluation of applications and are conducted by admissions staff, students, or alumni at the Chicago campus.

The program requires a high level of English proficiency. Candidates’ English ability will be assessed throughout the application process and interview. In certain cases, based on these results, applicants will be asked to take the TOEFL exam.

A letter of company support is required after admission to certify that your employer will allow you to attend all class meetings. The letter does not need to provide details of financial support.

Application Deadlines

Early Deadline  – October 3, 2017
First Deadline – December 1, 2017
Second Deadline – February 1, 2018
Final Deadline – April 3, 2018