Short Answer – The average GMAT score at Booth Scholar is 729 for the last entering class. If you score above 729, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
The average salary at Booth Scholar for the last graduating class was $ 175,000. 96.8% of the class was employed with 3 months of graduation with majority of class going into consulting (36%), Finance (35%) and technology (15%) oriented functional roles.
The Tuition fees for Chicago Booth MBA is $ 80.961 and an additional $ 41,199 in living cost.
The standard cost of attendance includes tuition and MBA fees, books, rent, food, personal expenses, transportation, and a computer allowance. As you develop your budget, we encourage you to account for additional costs for transformational experiences beyond the classroom, such as Random Walks, Industry Treks, student groups, and events.
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We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
Chicago Booth does not accept transfer credits from other institutions and we do not waive any of the total number of courses required to graduate. Booth’s flexible curriculum offers options for fulfilling any required foundation areas. All Chicago Booth students in the Full-Time Program MBA are required to complete 2100 units to graduate.
Early career candidates are identified as those with three or fewer years of full-time, postundergraduate work experience, including current undergraduate students. If you are considering an MBA program at an early stage in your career, we welcome your interest. Chicago Booth has several programs that cater to early career MBA program candidates. View program options.
If you are a University of Chicago current student or graduate, you may be eligible for a GMAT/GRE waiver if you have a 3.5 GPA in at least four (4) 200- to 400-level BUSN classes and have no BUSN grades lower than a C+.
Outside of the above circumstance, we do not waive our GMAT or GRE requirement for any reason. Additionally, we do not participate in GMAT or GRE fee waiver programs. The GMAT score is valid if the test was taken less than five years before the date of your application submission. The test date for a valid score makes no difference in the assessment of an application.
If you have retaken the GRE or GMAT and would like to share your new tests scores with the Admissions Committee, you can self-report your scores directly through your online status page. Additionally, if you have received a promotion or other professional development that would necessitate an updated resume, you can upload one through your online status page.
Please note that we begin reviewing applications as soon as the deadline passes, so we cannot guarantee that we will see new information submitted to us and will not reevaluate an application if new materials or test scores have been submitted after it has already been reviewed.