University of Chicago Booth School of Business

University of Chicago Booth School of Business

The University of Chicago Booth School of Business, located in Chicago, Illinois, is consistently ranked among the top business schools globally. Established in 1898, Booth is renowned for its innovative approach to business education, cutting-edge research, and a strong focus on analytical rigor and intellectual growth. It cultivates business leaders who are able to apply advanced business concepts to real-world challenges.

• Established: 1898
• Location: Chicago, Illinois, USA

Booth offers a rigorous academic environment, emphasizes research-driven teaching, and provides extensive opportunities for international networking. With a diverse student body, Booth prepares students to become impactful leaders in a dynamic global business environment.

Programs Offered

Undergraduate Programs

• Business & Management:
  • Undergraduate Business Program (offered through the College)
  • Accounting and Finance

Postgraduate Programs

• MBA Programs:
  • Full-Time MBA
  • Evening MBA
  • Executive MBA (Chicago, London, Hong Kong)
• Executive Education:
  • Executive MBA (Global Executive program)
  • Leadership & Development Programs
  • Corporate Partnerships and Custom Programs
• PhD Programs:
  • PhD in Economics
  • PhD in Management

Dual Degree Programs:

• JD/MBA Program
• MD/MBA Program

Tuition Fees

Program Type	Fee Range (per year)
Undergraduate Programs	$60,000 – $75,000
MBA Programs	$70,000 – $75,000
Executive MBA	$115,000 – $130,000
PhD Programs	Full scholarships, including tuition, fees, and living stipends

Living Costs

Main Expenses	Cost Range (per month)	Annual Estimate (12 months)
Accommodation (University-managed)	$800 – $1,500	$9,600 – $18,000
Private Accommodation	$1,200 – $2,500	$14,400 – $30,000
Food	$300 – $500	$3,600 – $6,000
Transportation	$100 – $150	$1,200 – $1,800
Utilities & Miscellaneous	$200 – $400	$2,400 – $4,800
Total Estimated Monthly Cost	$1,600 – $4,500	$19,200 – $54,000

Accommodation Options

University-Managed Accommodation

• On-campus housing in student residences is available.
• Cost: $800 – $1,500/month.
• Includes utilities, internet, and close proximity to university facilities.

Private Accommodation

• Rental apartments and houses are available around the city, particularly near the university.
• Cost: $1,200 – $2,500/month.
• Utilities and other bills are typically billed separately.

Food and Dining

• On-Campus Dining:
  • There are a range of dining facilities and cafes offering various meal options, ranging from $8 – $15 per meal.
• Local Restaurants & Cafés:
  • Chicago is home to a wide range of restaurants, offering diverse cuisines. Meals typically range from $10 – $50 depending on location and type of food.
• Markets & Grocery Stores:
  • Local markets and grocery stores are well-stocked with fresh food. Students who prefer to cook their meals can find affordable options within walking distance from campus.

Visa Requirements

Eligibility:

• Offer letter from University of Chicago Booth.
• Proof of financial capability and valid health insurance.

Processing Time:

• 3-6 weeks. Early application is recommended to avoid delays.

Visa Fee:

• $160 for the F-1 student visa, additional costs for dependent family members.

Transportation Costs

Local Travel:

• Chicago’s public transport system includes buses, the ‘L’ train (Chicago Transit Authority), and ride-hailing apps.
• Monthly Metro Pass: $100 – $150 USD.

International Travel:

• O’Hare International Airport is one of the busiest international airports and provides easy access to worldwide destinations.
• Flight costs: $400 – $1,500, depending on the destination and season.