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The Full-Time MBA Program The University of Chicago Booth School of Business

The Full-Time MBA Program The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, Illinois 60637

THE FULL-TIME MBA PROGRAM


TABLE OF CONTENTS

Apply

Introduction

2

Mind

6

Life

14

Leadership

22

Impact

30

The Facts

38

Degree Options

41

Flexible Core Curriculum

42

Concentrations

43

International Opportunities

45

Experiential Learning

45

Class Profile

47

Faculty

48

Research Centers

50

Career Services

51

Chicago Booth Network

54

Alumni Leaders

56

City of Chicago

58

Engage and Apply

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The Full-Time MBA Program matriculates approximately 570 students each autumn quarter. The Admissions Committee looks for evidence of an applicant’s potential to succeed in a demanding academic program and a professional career after graduation. In addition to previous educational experiences, test scores, and recommendation letters, we review essays and conduct interviews by invitation to learn about an applicant’s goals and understanding of the Chicago Booth MBA. In short, the Admissions Committee tries to find a solid match between the applicant and Chicago Booth values.

MORE T HAN A BUSINE SS SCHOOL. A BUSIN ESS FORCE. Chicago Booth admits new students into the Full-Time MBA Program in the autumn quarter only. Application deadlines for autumn 2010 enrollment are:

ROUND 1

Wednesday, October 14, 2009

ROUND 2

Wednesday, January 6, 2010

ROUND 3

Wednesday, March 10, 2010

Costs and Financial Aid

The cost of attendance for the 2009–10 academic year is estimated to be $81,246. Each of the 10 courses per year is $4,902. The cost of living and student fees for incoming students is estimated at $32,226.

Committed to providing access to all students, Chicago Booth offers financial aid in the form of merit-based scholarships and loans. Merit-based scholarships are awarded based on information in the admission application; there is no separate application, and all applicants to the Full-Time MBA Program are considered for scholarship awards. Several loan options are available for all incoming students, including federal loans for eligible U.S. citizens and permanent residents and alternative, credit-based loans for all students. International students without a cosigner will have access to loans to help fund their educational costs. For more information on admissions, costs, and financial aid, visit ChicagoBooth.edu/fulltime.

Contact Us Office of Admissions and Financial Aid Tel 773.702.7369 admissions@ChicagoBooth.edu ChicagoBooth.edu/fulltime For information on our Evening, Weekend, or Executive MBA Programs, visit ChicagoBooth.edu. Every effort is made to ensure that the information contained in this publication is accurate as of the date of its printing [June 2009]. The University of Chicago Booth School of Business reserves the right to make changes at any time without prior notice. In keeping with its long-standing traditions and policies, the University of Chicago, in admissions, employment, and access to programs, considers students on the basis of individual merit and without regard to race, color, religion, sex, sexual orientation, national or ethnic origin, age, disability, or other factors irrelevant to participation in the programs of the university. ©2009 The University of Chicago Booth School of Business. All rights reserved. Produced by Chicago Booth Marketing. Principal Photography: Chris Strong. 513139/22K/AR-KB-MC/06-09


HAN A SS SCHOOL. ESS FORCE.


CREATE YOUR EXPERIENCE. TRANSFORM YOUR FUTURE. BECOME A BUSINESS FORCE.

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Welcome to Chicago Booth. Unparalleled intellectual curiosity, honesty, exchange, and rigor. Ideas that fundamentally shape markets and business. People who create lasting value. Here, you get more than a world-class education from a premier business school. You become part of a global business force. Chicago Booth is recognized for our far-reaching contributions to business practice and our proven Chicago Approach to management education. A mastery of the business fundamentals. A culture of deep questioning and healthy debate. A belief that every answer is provisional at best, and a constant drive to find the next, better solution. It’s this environment that results in our faculty’s pathbreaking research and our graduates’ exceptional brand of leadership in the marketplace— one marked by an ability to think through unique problems and the confidence to act decisively. Whether you come here looking to advance in your current field or prepare for a new direction, you will leave a new leader. You’ll rethink what you thought you knew and see things from a multitude of new perspectives. Engage with faculty who are advancing business theory and practice. Emerge with rock-solid analytics and expert decision making. A global network of friends and colleagues. Preparation for all possibilities. And a new way of interpreting the world. In short, a transformation—of how you think, the way you live, your ability to lead, and the impact you’ll have.

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TRANSFORM YOUR

MIND LIFE LEAD

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ERSHIP IMPACT

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What do you know? Plenty. And at Chicago Booth, you won’t take classes in any of that again. Our flexible curriculum lets you choose the courses that complement your experience, test your limits, help you surpass them, and get you where you really want to go. But don’t worry—you won’t be on your own. Chicago Booth’s core curriculum and collaborative approach ensure you’ll have all your bases covered. Our learning environment is based on one essential fact: There are neither enough formulas nor business cases to span the range of decisions you’ll face in your career. That’s why our students learn to evaluate problems and opportunities through the fundamental disciplines that underlie all of business: economics, psychology, sociology, and statistics. We teach you how to think, not what to think, so that whatever you don’t know—whatever new business challenge tomorrow brings—you’ll have the solid foundation and analytic skills to tackle it.

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Your brilliant faculty and classmates will help you get there. We believe the best solutions bear many fingerprints, so our learning environment is collaborative and without hierarchy. Professors spur dialogue, encourage differences of opinion, debate ideas—and expect their students to do the same. Exhilarating engagement, evidencebased analysis, and dynamic teamwork make the Booth experience unique among its peers. It’s rigorous, and it’s riveting. And with just one cohorted class and 20 flexible course choices —six of which can be taken in other world-famous University of Chicago departments— every class is an opportunity to connect with new people and forge new ideas. No formal business training is required. Just a willingness to stretch your mind and share the journey.


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MIND LIFE LEADERSHIP IMPACT

ABOUT KIPP

Kipp Davis, Class of 2010

Before Chicago Booth: Economics major at Northwestern; associate vice president at Bessemer Trust

One of the major reasons Booth was attractive to me was the flexible curriculum, and it really works for me. It allows me to say, OK, I know accounting well enough; what I really need is strategy, operations, and marketing. A lot of people think that in finance you just need to know how to build models, but the real core of how you become a better analyst is what you put into the models. That’s a function of how well you understand the industry, the competitive dynamics, the company’s marketing program, and how a new product will affect their revenues. Chicago Booth is giving me that big picture. A lot of classes are more like a conversation. My mergers and acquisitions class has only about 20 people in it. I participate a lot, but I’ve learned to take a step back, see what somebody else has to offer, and think about how I can build on that.

There is a lot of diversity of thought here, and you learn different ways to approach things. The school doesn’t focus on getting people from one geographic area or another; the focus is on finding people who have unique experiences. In study groups, you might be with someone who worked in private equity, someone else who worked in consulting, and their work directly relates to the project. I’ve learned a lot from peoples’ industry and functional expertise. Students ask questions that really make the professors think. Sometimes they’ll have an answer immediately. Other times, they get back to you. The professors don’t mind being challenged. It means we’re doing our jobs as students. I see quotes by the faculty in the Wall Street Journal daily, and that is just amazing. They are at the forefront of influencing policy. One of my professors just finished at the treasury department. Another gave an extra session just to talk about the economic crisis and then took everyone out afterwards. Our professors do influential research but still really care about teaching. Employers love to see that you’ve challenged yourself, and I think that’s the point of business school. It’s not to take a cookie-cutter curriculum and get a great GPA; it’s to take the hard classes so that when you do your internship and job, you are ahead of the curve.

This approach is positioning me well for my career, whether I stay in equity research or go somewhere else. I feel like I could do anything.

Grew up in: New York, New York Married to Burgess, Class of 2010 Chose Chicago Booth: For the academics, but after being here I realize I chose it for the people Chicago neighborhood: Loop Concentrations: Accounting, Finance, Strategic Management Involved in: Investment Management Group, Wine Club, Random Walk to Thailand, LEAD facilitator Internship: Equity research at Barclays Capital Best thing about Chicago: The restaurants. They definitely rival New York’s. And the Art Institute is unbelievable. I love the Met in New York, but I think the Art Institute exceeds it, at least in impressionism. My classmates: Contribute to my success My professors: Are really funny Booth has given me: The soft skills to be successful Definitive Chicago Booth moment: The naming. David Booth didn’t just make a donation; it was a partnership. That’s indicative of the attitude at the school, and I don’t think it would have happened anywhere else.

LEARN MORE

Our core curriculum manages to be flexible while still giving you a thorough grounding in business fundamentals and general management. Learn more on page 42 and online at ChicagoBooth.edu/ fulltime/academics/curriculum.

Chicago Booth faculty are often cited for their research and opinions in media worldwide. Read more at ChicagoBooth.edu/faculty.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

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ABOUT PATRICIA

Before Chicago Booth: Finance and marketing major at Syracuse; senior financial analyst at Baxter International Grew up in: Oak Brook, Illinois Chose Chicago Booth: Because of the personal attention I got while applying Chicago neighborhood: West Loop Concentrations: Accounting, Economics, Finance Degree Option: Graduate Program in Health Administration and Policy (GPHAP) Involved in: Healthcare Club, Corporate Management and Strategy Group, Management Consulting Group, Chicago Women in Business, Golf Club, Net Impact, Genzyme Case Competition, cardiology research assistant, Admissions Fellow, GPHAP student representative Internship: Consulting at Oliver Wyman For fun: Rock climbing, dancing, travel Best things about Chicago: The summers, sports, food, and people Definitive Chicago Booth moment: Sitting down in the student lounge next to two classmates I barely knew and having a two-hour conversation about the differences in health policy among the U.S., Europe, and Japan Most surprising thing about Chicago Booth: I knew that my academic experience would be excellent, but the opportunities that I’ve had outside the classroom are far more extensive than I expected. My classmates: Are going to have one incredible 10-year reunion party After Chicago Booth: Senior associate at Takeda North America

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MIND LIFE LEADERSHIP IMPACT

Patricia Gee, Class of 2009 Given the flexibility here, not just at Booth but campuswide, I’m able to focus in the areas of business I’m interested in as well as take advantage of the world-renowned medical, social service, public policy, and law schools. Of the four electives I took to fulfill the Graduate Program in Health Administration and Policy (GPHAP), three were in other parts of the university. I took one course on clinical trials at the med school. At the School of Social Service Administration, my courses focused on how policy is approved, how hospitals operate, and the overall business of health care, which combined well with my concentrations in strategy, managerial and organizational behavior, and entrepreneurship. I also was chosen for a Management Lab, where students work as a team and consult with a company on an actual problem. For Abbott Laboratories, we developed a scenario that showed where health care will be in the next 10 to 15 years and what they can do to brace for that.

The core curriculum exposed me to areas I hadn’t focused on before. The classes I took my first year really prepared me for my internship. Going into consulting, the Management Lab especially prepared me for the teamwork—doing things at a moment’s notice, managing client expectations, managing my own expectations, and planning projects.

LEARN MORE

Chicago Booth offers several joint-degree options in conjunction with other university schools. See page 41 or ChicagoBooth.edu/fulltime/joint for more information. Get a taste of our 14 concentrations on page 43 or online at ChicagoBooth.edu/fulltime/concentrations. Learn about experiential learning opportunities on page 45 and at ChicagoBooth.edu/fulltime/experiential.

As I met students here, I realized everyone had done things and proven themselves, so there isn’t a sense of competition. It’s a very collaborative environment. You get so much exposure here from day one, being in classes with first-years, second-years, students from other schools at the university, and people of all different backgrounds. No one is restricted from taking any class, and it definitely brings a greater diversity to the classroom. It’s great that we get to take advantage of all 1,100 students. Through discussions I’ve had here, I’ve learned to support my ideas with facts, experience, and information from the cases. The strategy courses have helped me take a step back, think about the big picture, and work more on the planning piece. They’ve helped me structure my thoughts leading into a decision and also support my reasons behind it.

I’ll be able to walk into my director’s or CEO’s office and say, “Here’s the decision that I think we need to be making, and here’s why.”

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

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MIND LIFE LEADERSHIP IMPACT

“I benefit a lot from the discipline-based Chicago Approach. No matter how the world changes, I am prepared going forward.” Amanda Xu

“My intellect has really matured here. I had raw horsepower before, but now I can take whatever I need to implement and mesh that with market realities.” Brian Bartlett

Brian Bartlett 12


“People at Booth aren’t satisfied with just figuring something out at the surface;

they get to the heart of a problem.” Bruno de Faria

“In the classroom, people aren’t just there to be there; they really have a thirst to learn. It’s challenging, there’s rigorous conversation, and

there’s not a moment where I’m not learning something.” Erin Green

“There is no common class format. We don’t just talk about models or go through cases in a formulaic way. What is common is that faculty encourage and foster an active class—not only talking when you know the answer, but being able to try out ideas and keep the conversation going.” Lisa Pinsley

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What more do you want? You’ll find it here. Community at every turn. A world-class city. Global exposure. Unlimited opportunity. As much as it’s possible to sum up a community, this is Chicago Booth: People who approach work and play with equal intensity. Who are confident enough to make mistakes. And grounded enough to know that the journey to the top is easier—and more fun—when made together. Our community loops you in at LEAD, carries into the classroom, spills over to study groups, winds through the winter garden, dances down Division Street, and aligns you with alumni. When you join Chicago Booth, you connect to the entire Booth network. On campus, more than 60 student groups complement your course work with conferences, career training, and camaraderie. Off campus, students live in nearly every area of the city—and delight in exploring every corner. Hyde Park is an engaged and diverse community that counts writers, musicians, and politicians among its

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residents. Chicago is home to blues bars and outdoor symphonies. The Art Institute and the Shedd Aquarium. Deep-dish pizza and Ethiopian cuisine. Chinatown and Devon Avenue. Theater, concerts, dance, improv, sports. Every imaginable cultural opportunity. All along 31 miles of lakefront for the fine art of relaxing. You’ll also experience cultural immersion every day. Our students represent 50 countries, and a third of our faculty were educated outside the United States. Take a trek to explore careers in cities like London, Hong Kong, and São Paulo, or a Random Walk with new classmates to locales like Morocco, Chile, and Fiji. Want a more formal experience? Choose an international business concentration, study abroad, or opt for our International MBA Program. Wherever you want to go, we’ll help get you there.


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MIND LIFE LEADERSHIP IMPACT

Bruno de Faria, Class of 2010 In class, it’s very easy to meet people, particularly through group projects. Every group I’ve worked in has had people from different backgrounds and different parts of the world. It adds to the value of the experience here. It’s also easy outside the classroom. Your LEAD cohort is a group you carry with you; I’ve remained friends with a lot of them. When you walk across the winter garden, you always see someone you know, and they introduce you to someone they know. And LPF is a great opportunity to maintain friendships and to make new ones. Support also comes from alumni. As soon as I got accepted to Booth, alumni at my firm contacted me and offered to answer any questions. I could already see my network expanding and growing. On campus, I checked the directory for companies I wanted to target and found alumni who worked there. They quickly made themselves available to chat with me. I’ve also gone to events where students get a chance to interact with alumni, and it’s great to see where they are today. There’s a very strong sense that partners are a part of the community as well. Through the Partners Club, which hosts weekly dinners and wine tastings, my wife has made friends, and I’ve built friendships through the friends she’s made.

Chicago has a big-city feel and small-city charm. There are plenty of restaurants, plenty of art and cultural activities. I live near the planetarium, the aquarium, the Field Museum—my wife and I constantly stroll around that area and Grant Park. There are also distinct neighborhoods with their own flavors. People everywhere are very friendly. The school is helping me discover as much as possible about different careers. I was amazed at the level of support the career groups give, from resume reviews to mock interviews to just calling up a secondyear for advice. And the social groups have been really great for forming friendships and building my network.

You can take these two years to push yourself in different ways and take risks. I’m taking a risk over the summer, trying a new career. I have the school’s support. You’re not a face among 1,000-plus students. You’re part of a community.

LEARN MORE

LPF, short for Liquidity Preference Function, is a Friday afternoon tradition where food, drink, and friends flood the Rothman Winter Garden. Learn about other events and activities at ChicagoBooth.edu/fulltime/events. There are many opportunities for partners and families to get involved at Chicago Booth. Learn more at ChicagoBooth.edu/fulltime/partners. Chicago Booth has student groups for nearly every industry, culture, sport, and interest. Learn more at ChicagoBooth.edu/fulltime/studentgroups.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

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ABOUT BRUNO

Before Chicago Booth: Political science major at Boston College; master’s in Latin American studies at Georgetown; strategy analyst at the World Bank’s International Finance Corporation Grew up in: Rio de Janeiro, Brazil; Oviedo, Spain; and Washington DC Married to Liz Chose Chicago Booth: For the focus on basing decisions not on opinion but on analysis, which is really at a premium in the business world today Chicago neighborhood: South Loop Concentrations: General Management, Marketing Management, Strategic Management Involved in: Google Online Marketing Challenge, Management Consulting Club, Marketing Group, Booth soccer team, Follies, Corporate Management and Strategy Group, Dean’s Student Admissions Committee, Hispanic American Business Students Association, Latin American Business Group, Giving Something Back Internship: Brand management in PepsiCo’s Frito-Lay division Favorite Booth memory: The Rock Band competition for Giving Something Back, which raised over $1,000 for charity. I was wearing a blond wig and zebra tights. Most surprising thing about Chicago Booth: The well roundedness of the students. There’s the perception that they are a bunch of quant people, and they’re not. My classmates: Are diverse, fun, and intelligent My professors: Are challenging, groundbreaking, and leaders in their profession

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ABOUT ERIN

MIND LIFE LEADERSHIP IMPACT

Before Chicago Booth: Bachelor’s in management with a minor in management information systems from Purdue University; account manager at GE Healthcare

Erin Green, Class of 2010

Grew up in: Lithonia, Georgia Chose Chicago Booth: Because of the Office of Diversity Affairs, the opportunity to enhance my skills, and because I love Chicago Chicago neighborhood: West Loop Concentrations: Managerial and Organizational Behavior, Strategic Management International Business Exchange Program: ESADE in Barcelona, Spain Involved in: African American MBA Association, Corporate Management and Strategy Group, Management Consulting Group, Chicago Women in Business, Chicago Entrepreneurship for International Development, Random Walk to Thailand, LEAD facilitator Internship: Consulting in the Global Client Group at American Express For fun: Exploring Chicago, grabbing dinner and drinks with friends, traveling Definitive Chicago Booth moment: My classmates supporting me through the high-ropes course at the Leadership Outdoor Experience Favorite Chicago Booth memory: My Random Walk to Thailand My classmates: Challenge ideas, are open to learning and expanding, and are passionate and committed to having a great experience

Life in Chicago is awesome. Anything you like to do, there’s an opportunity to do it here. It’s not an insulated school experience—the University of Chicago and the city of Chicago are the experience. There’s vibrancy to the social culture here. The same passion that people bring to their studies they also bring to life outside their studies. There are a lot of international students, and they bring an inquisitiveness and eagerness to explore that’s infectious. Being able to talk to them about their home countries, how business is done there, and how they grew up has been very eye-opening. It’s inspired me to study abroad in Barcelona next year. I also recommend the Random Walk, the weeklong trips with about 10 incoming first-years, led by second-years, to exotic locations. I went to Thailand, and to experience it with a bunch of new classmates was a great opportunity. Diversity programming was one of the key reasons that I came to Booth. I stop by the Office of Diversity Affairs every week to talk to the staff, who check in with me to make sure everything is going well. They’re committed to my success. Their programming runs the gamut of social activities to career support where industry experts help prepare you for interviews. I was connected with an alumna from American Express with whom I spoke before I interviewed, and now she’s paired up with me for my summer there. There really is a personal connection. Diversity also comes from the flexible curriculum. As a first-year I was in classes with second-years, who bring a different perspective. At some schools, you have a set group.

At Chicago, you get a group experience, but not just one group—diverse groups, all the time. LEARN MORE

Random Walks are student-organized trips to exotic locations that take place just before the beginning of the first year. Learn more at ChicagoBooth.edu/ fulltime/randomwalk.

Chicago Booth offers support from all directions. In addition to Diversity Affairs, we have offices for Academic Services, Career Services, and Student Programs and Events, just to name a few. Learn more about diversity at Booth at ChicagoBooth.edu/ fulltime/diversity.

VIEW MORE PROFILES ONLINE

I was working on a group problem with classmates in the winter garden, and Dean Snyder came over, pulled up a chair, and actively tried to figure out the problem with us. He’s very visible, approachable, and committed to making sure we have a great experience. He moderated a conversation with the former president of a major bank. We threw out tough questions, and the speaker was straight with us. Because we’re at the University of Chicago, we’re able to get that level of speaker, and there’s the expectation that it’s going to be an exciting and rigorous conversation.

Coming to Chicago Booth has enhanced who I am. I came in with some confidence, soft skills, and business knowledge, but now I’m stretching the boundaries of my comfort zone.

ChicagoBooth.edu/fulltime/profiles

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MIND LIFE LEADERSHIP IMPACT

“My classmates are unique and certainly will be in my network for life. I can’t stress enough the quality of the people here and how fun they are and committed to the things that they’re doing. It’s been a great experience both in the classroom and out.” Patricia Gee

Patricia Gee

“Chicago Booth isn’t an all-on-campus atmosphere where everyone lives next to the school. Students really make use of the city. There is as much socializing as you want, in lots of different places, through lots of different groups.” Lisa Pinsley

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“There’s no lack of social opportunities here. You connect with people in so many ways. We just celebrated 10 people’s birthdays, and there were hundreds of us there.” Kipp Davis

“The fact that we’re all in this great building really strengthens our culture. You see everyone all the time. I’ll come to school early just to hang out with my friends in the winter garden.” Pratik Patel

Pratik Patel 21


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Who do you think you are? That’s where leadership development at Chicago Booth starts. We believe every leader, however experienced, has room to grow, and that requires an utmost level of self-awareness. That’s why our innovative LEAD program— the first of its kind at any business school, and the first class you’ll take here— is all about you: what makes you unique, how you interact with others, where you’re a natural leader, and where you may need to work harder. Through self-assessments, group experimentation, and personalized feedback on everything from team building to storytelling, you won’t just practice and strengthen your leadership skills; you’ll gain the tools to continue doing so every step of your career. You can’t come to Chicago Booth and not lead. Our free-choice, debate-friendly culture lets you put leadership into practice every day. You build your own experience, from the conversations you start and the questions you ask to the courses you choose and the student groups you join.

Plan the curriculum that’s right for you. Steer your study group to a better answer. Pick a CEO’s brain over breakfast. Put on a conference from scratch. Or solve real business problems for real firms in an experiential course. Like your career, the Chicago Booth experience is yours to create, curate, and customize. We support whatever path you take, from wherever you are on it: recently out of college or an accomplished professional; moving up or changing careers; aiming for CEO or striking out on your own— backed by a network of 43,000. The question isn’t “Will you lead?” It’s “How do you want to?”

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MIND LIFE LEADERSHIP IMPACT

Amanda Xu, Class of 2010 Chicago Booth offers a lot of possibilities, and it’s up to you to decide what suits you best based on where you came from and where you’d like to go. You have a platform to get there.

Before coming here, I led a team, and that was my concept of leadership. Now I realize leadership is really about taking initiative, about standing out and caring for the people around you. That’s why I do a lot to give back. For example, through Giving Something Back, I volunteered with LadderUp, an NGO that helps low-income families get a tax refund. For my second year, I’m applying to be a Career Advisor to first-year students. Social skills are important in banking. That was a big challenge coming from China, where we don’t network the way we do here. But through the job search process, networking has become part of my blood. Now I use it in all aspects of my life—business, social, academic, everything. I’ve gotten connected to people from all walks of life at Chicago. Through study groups and competitions like the IPO Challenge, I’ve collaborated with people from different backgrounds and cultures, working toward the same goal on a tight timeline. It’s like a real business. It’s helped me learn cultural differences and how to motivate a team. Being at Booth, we meet people in very high positions, like the senior marketing alumna from Pepsi who spoke with us. Talking to a lot of CEOs and presidents of major corporations, you begin to adopt their perspective and stand on a similar

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level with them. That’s given me tremendous confidence in realizing my own aspirations.

I came here wanting to enhance my leadership, and I’ve found plenty of opportunities for that. Through LEAD, I became more aware of my strengths and weaknesses and was able to refine my skills in a safe environment. I’m taking Practice of Leadership in Business and Managing in Organizations, which are wonderful courses. Practice of Leadership is taught by a professor who has been a CEO for 19 years. Imagine that— a CEO teaching you all his lessons and experiences. I want a managerial position in a large, world-class firm. Chicago Booth is giving me the confidence to hold that position and make the necessary strategic decisions.

It’s important to have a high-level view of the overall business but also have a positive influence within the organization and on society. Chicago Booth is giving me the ability to do both.


ABOUT AMANDA

Before Chicago Booth: English major at Beijing Foreign Studies University; vice president at HSBC Grew up in: Shanghai, China Chose Chicago Booth: For the flexible curriculum. Students come from all backgrounds, and I don’t think a “one size fits all” MBA really works. Chicago neighborhood: Hyde Park Concentrations: Finance, Strategic Management Involved in: Investment Banking Group, Asia Pacific Group, Greater China Club, Chicago Women in Business, Wine Club, IPO Challenge, On-Campus Recruiting (student ambassador), Giving Something Back (volunteer with LadderUp) Internship: Investment banking at Credit Suisse For fun: Traveling, dancing Best thing about Chicago: The landscape and the lake My classmates: Are fun, challenging, and my best friends My professors: Are rigorous, stimulating, and a great resource Chicago Booth has given me: The ability to think independently, act responsibly, and have a great impact Most surprising thing about Chicago Booth: How much you can be challenged and how much you can exceed what you think are your limits

LEARN MORE

Career advising is one of many ways that second-years mentor and support first-years here. More information on Chicago Booth’s world-class community can be found at ChicagoBooth.edu/fulltime/community.

The many competitions on and off campus give students the opportunity to test business knowledge and practice team skills at the same time. Read more at ChicagoBooth.edu/fulltime/competitions.

An impressive array of leaders speak at Chicago Booth through student groups, research centers, Career Services, and alumni events. Read about the latest at ChicagoBooth.edu.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

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MIND LIFE LEADERSHIP IMPACT

Pratik Patel, Class of 2009 One of the things I’ve been able to do at Booth is get involved in a lot of organizations and build some leadership experience. I’m a co-chair of the Real Estate Group, and I’m also on the Graduate Business Council (student government). The deans use us as a sounding board, and it’s a good opportunity to make a difference at the school. On the Random Walk committee, we were able to improve the trips and the selection process. I also organized the Booth-Kellogg basketball game, where we play 15 minutes before a Chicago Bulls game. That included holding tryouts, having practices for the team, getting jerseys, marketing and selling tickets, and working with the Bulls organization. It went really well, and it was amazing how many tickets we sold.

I learned a lot about managing organizations, managing people, and becoming a real leader within a team from LEAD. The public speaking module helped me see how I present myself, a lesson I used in my internship. I had five minutes to make a concise, impactful presentation to a investment committee of 30 senior bankers. It went well, and it was probably part of the reason they offered me a job. Real estate is a relationship business, so I reached out to the resources we have—Career Services, my classmates, the alumni, and professionals. I interned at an opportunity fund, which is a business that no longer exists like it once did. But in talking to everyone I’m realizing that, while there’s been a major shock to the system, there are new opportunities. I have access to this huge network now, and the tools I need to be successful no matter what happens. I’m thinking about starting my own business, so classes like Entrepreneurial Finance and Private Equity and Commercializing Innovation have been great. Every week you get a business plan and evaluate it as if you were an investor. The entrepreneurs who founded the businesses visit our classes, and we get to question them. To be able to work on real cases is a great way to learn, and it’s changed my business intuition. Now I understand how to start and build a business. In study groups, I’ve learned how to manage the dynamics of a group, how to delegate, and help people work to their strengths. The variety of people here has really benefited my understanding of team building and teamwork. My classmates and I love to discuss business ideas. It’s great to come up with an idea and bounce it off one another, because we have such different backgrounds. We have a list of 10 or 15 ideas now.

If we have a really solid idea and the timing is right, we know enough people and have the skill set to start something new. That’s what I’m excited about looking forward. 26

LEARN MORE

The many student groups at Chicago Booth offer leadership opportunities via the co-chair positions as well as through event and program organizing. Find out more about these and other leadership opportunities at ChicagoBooth.edu/fulltime/leadership. The flexible core curriculum and support from Career Services, second-years, and alumni ensure you’ll be well prepared for your internship. Learn more about internship opportunities at ChicagoBooth.edu/fulltime/ internships. Many firms, founders, and funders have come out of Chicago Booth’s entrepreneurship program. Learn more about companies founded by students at chicagonvc.com/companies.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles


ABOUT PRATIK

Before Chicago Booth: Economics major at Duke, with a certificate in health policy; investment banking associate at Wachovia Securities Grew up in: St. Joseph, Missouri Chicago neighborhood: Wicker Park Chose Chicago Booth: For the culture and the people. Admit Weekend was a game changer for me. I knew I could be here for two years and really enjoy it. Concentrations: Entrepreneurship, Finance Involved in: Graduate Business Council; Random Walk to Brazil (trip leader); Booth-Kellogg Real Estate Challenge (winning team); University of Texas National Real Estate Challenge (finalist); Real Estate Group (co-chair); Entrepreneurship and Venture Capital Club; Investment Banking Group; Hedge Fund Group; Dean’s Student Admissions Committee; Wine Club; Ultimate Frisbee Team Internship: Real estate private equity at Lehman Brothers Best thing about Chicago: The neighborhoods have such different vibes, and it’s been fun exploring them Favorite Booth memories: Traveling with my classmates—surfing in Costa Rica, hang gliding in Brazil, zip lining in Panama, skiing in British Columbia My classmates: Are all trying to help each other with contacts and leads in these tough times, and it’s made us a stronger class My professors: Have real-world experience and an amazing network After Chicago Booth: Real estate associate, Spring Hill Capital Partners

27


MIND LIFE LEADERSHIP IMPACT

“Chicago Booth helped me translate my leadership experience from the military to a business context that’s relevant to my future.” Brian Bartlett

“The experiential courses really teach you to lead in real-world situations. You get to test what management styles work with different people and learn how to get things accomplished when everyone has different strengths and weaknesses.” Patricia Gee

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“You take ownership of your own progress. Chicago Booth’s flexible curriculum and focus on individual responsibility make you a better thinker and leader.” Bruno de Faria


“LEAD has something for everyone, no matter what level you’re at. The Leadership Outdoor Experience includes a lot of group activities that help you identify your skills and where you may want to develop.” Erin Green

Leadership Outdoor Experience

“LEAD doesn’t end when the course ends. It goes into everything you do. Speaking skills, working with different personalities, managing conflict, decision making, group process—all these are universal to any job you might go into.” Kipp Davis

29


Where are you off to? You’re thinking about your career long before you ever set foot on campus. So are we. We reach out and get you started before you ever reach the classroom. We continue our support for life. Perhaps that’s why our Career Services team is one of the most highly regarded in the world. We offer myriad resources for achieving your dream job, from resume and interview workshops to company presentations and on-campus recruiting, with scores of opportunities along the way. But you can start changing the world even before you start your job. Experiential courses like Management Lab, New Venture and Small Enterprise Lab, and Private Equity/Venture Capital Lab attract partner companies throughout the international business community. Students have helped real firms with market research, product launches, strategy, operations—sometimes working on site in offices around the world. Meanwhile, student groups like Giving Something Back and

Chicago Global Citizens work to make the world a better place for people and businesses alike. Want to do something else? We’re all ears. Like everything at Chicago Booth, community plays a strong part. Campuses on three continents. Alumni in 113 countries. Every conceivable industry. Over 43,000 strong. This is your network. You join it the moment you walk in the door. You expand it with every class. Every study group. Every alumni event. Management Conference. Roundtables. Chicago Conversations in Shanghai, London, Los Angeles, Washington. Global Leadership lectures in Beijing, Paris, Madrid—pick your city. Connect to your network. Chicago Booth is everywhere, making a difference.

IMPACT 30


31


ABOUT BRIAN

Before Chicago Booth: Operations research major at the U.S. Coast Guard Academy; lieutenant for the U.S. Coast Guard in San Francisco Grew up in: Andover, Massachusetts Chicago neighborhood: Lincoln Park Chose Chicago Booth: For the access to jobs in finance beyond Wall Street

For fun: Skiing, sailing, Cubs games Best thing about Chicago Booth: It may sound silly but the buildings— Harper and Gleacher—are fantastic and make it so that people want to spend time here. It really is the foundation for developing community. Definitive Chicago Booth moment: Only four months after leaving the Coast Guard, I’m in a suit presenting in the IPO Challenge in front of five managing directors from the top investment banks. Chicago Booth gave me: Access to an incredible alumni network

Concentrations: Accounting, Entrepreneurship, Operations Management, Strategic Management Involved in: Armed Forces Group (co-chair); Ski Club (co-chair); Sailing Club (co-chair); Entrepreneurship and Venture Capital Group; Investment Banking Group; Energy Group; Chicago Entrepreneurship for International Development

My classmates: Are some of the best friends I never thought I would make My professors: Are at the forefront of their fields and some of the most approachable I’ve ever met After Chicago Booth: Consultant, Bain & Company

Internship: Investment banking at Goldman Sachs 32


MIND LIFE LEADERSHIP IMPACT

Brian Bartlett, Class of 2009 Chicago Booth has made me comfortable dealing with ambiguity. In the Coast Guard, there’s a regulation for everything, but that’s not how it works in the business world. Now I trust my intellect and my ability to assess information in unfamiliar environments. Through the Polsky Center and the Emerging Markets Group, I participated in the CEID (Chicago Entrepreneurship for International Development) program, which pairs students with entrepreneurs. We worked with a doctor who wanted to start a hospital ship on a lake in sub-Saharan Africa. I knew a lot about marine engineering and the practical considerations, so I was able to add a lot of value to the group while learning from the other team members’ expertise in nonprofit management, fund-raising, and strategy. I think we were very effective in collating the doctor’s thoughts and research. Now she’s looking for funding, and I continue to work with her on pushing it forward. Being in the military, I had never really interviewed, so I needed to focus on tactics like interview skills and how to write a resume. The Career Services office is fantastic. They help you anticipate questions, prepare answers, develop strategies, and communicate your transferable skills.

The mock interviews and action-oriented tools really helped me land my internship. I was interested in both investment banking and consulting. A career advisor helped me develop a strategy: I focused on investment banking for my summer internship to find out if it was a fit; if not, I’d still have the option to shift to consulting. That’s exactly how it played out for me. And because of the flexible curriculum, I was able to focus on finance courses my first year and in my second year focus more on strategy and entrepreneurship courses to prepare for consulting. I really value the counseling I got. Now I can graduate and move into my career knowing this is where I should be. LEARN MORE

Many research centers here serve as valuable resources for students. Learn more at ChicagoBooth.edu/researchcenters.

Our Career Services office is recognized as one of the best in management education. Learn more at ChicagoBooth.edu/fulltime/career.

The Chicago Booth network includes over 43,000 alumni in 113 countries. Learn more at ChicagoBooth.edu/fulltime/network.

What appeals to me about consulting is the variety of experiences I’ll have. One month I can be working on a strategy case in energy and the next month I could be doing an operations case in retail. I value the opportunities for leadership and management, so long term I see myself as a partner in a consulting firm or in a management role at a corporation. I’m on the right path to get there. A big takeaway is the alumni network and the credibility that you get from being a Chicago Booth graduate. Alumni pick up the phone and help you out if they can. There’s also the credibility you get as a Booth student.

People will read your resume because they see Chicago Booth on it, and you can get in front of them and talk.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

33


MIND LIFE LEADERSHIP IMPACT

Lisa Pinsley, Class of 2009 During my four years in Afghanistan, I was really interested in public sector work, but everything I was working on hinged on private sector development. I felt that in order to be effective, I needed an MBA to give me the vocabulary and academic grounding in subjects like finance and economics. Where I see myself in 10 or 15 years is bringing a large investment into a country—an investment that is profitable and builds the economy at the same time. I originally pursued private equity as I thought it would give me a macro view of a number of emerging markets and of how capital flows around the world. To prepare for that academically, I took as many finance, economics, and accounting courses as I could my first year. I also joined the Entrepreneurship and Venture Capital Group and got involved in the Polsky Center. They run a number of conferences and lecture series, and bring students and alumni together on issues in those areas, so that taught me a lot. I had an introduction to Darby, which does the exact kind of emerging markets private equity investing I was looking for, and I ended up with an internship there for the summer. Energy is an interest I developed at Chicago. It’s something I think is crucial to emerging market economies and has incredible opportunities right now. Booth offers a renewable energy class, and the Energy Club organizes a CleanTech trek and brings in speakers at least once a month from different parts of the energy world. I was able to take a number of different energy classes at the university—one at the public policy school and another one in the geophysical sciences department.

The resources not only at Booth but throughout the university helped me build the skills I needed. These experiences gave me credibility when I walked in the door at AES, an energy firm based in Virginia with power plants and utilities in 29 different countries, some of them emerging markets. AES is very large and broad, with traditional technologies like coal, gas, and hydro, but they’re also moving aggressively into renewable technologies. They have wind farms in Texas, China, and Bulgaria, and they’ve just announced their first utilityscale solar installation in Spain. I like their model and I’m excited about the role that I’ll be going to, working on the business development team, which does the actual investing and deals.

I’ll be negotiating with all the players in each different country, and all have different problems and challenges. It’s going to be a mixture of hard and soft skills, both of which I’ve learned at Booth.

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ABOUT LISA

Before Chicago Booth: Applied math major at Harvard; master’s in literature from University of Sussex; worked for the United Nations in Afghanistan and then as an advisor to the Afghan finance minister through BearingPoint Grew up in: Saratoga Springs, New York Engaged to Karim Chose Chicago Booth: For the academic reputation, the flexible curriculum, the location, and the facilities Chicago neighborhood: Bucktown Concentrations: Accounting, Economics, Finance Involved in: Entrepreneurship and Venture Capital Group (co-chair); Emerging Markets Group, Energy Group Internship: Emerging markets investing at Darby Private Equity For fun: Travel, hiking, eating out, going to the movies, running Best thing about Chicago: Its civic and cultural pride, and its recent resurgence on the international stage Best thing about Chicago Booth: It delivers 100 percent on its promises of rigor, quality, and flexibility My classmates: Continue to challenge me with their diverse backgrounds and interests My professors: Are thought leaders and strong teachers After Chicago Booth: Business development associate, AES Corporation

LEARN MORE

Many student groups host treks over academic breaks to cities and regions worldwide. Organized around specific industries, treks involve corporate visits and alumni networking events. Learn more at ChicagoBooth.edu/fulltime/treks.

The University of Chicago is home to many top departments and schools. Learn more at uchicago.edu.

VIEW MORE PROFILES ONLINE

ChicagoBooth.edu/fulltime/profiles

35


MIND LIFE LEADERSHIP IMPACT

“In my career, I’ll be able to apply what I’ve learned here to make decisions about what potential treatments are coming to market and how, the patient populations that we’ll be able to help, and how to improve the quality and commitment of these companies.” Patricia Gee

“Going into my internship, talking to second-years, recent alumni, and people who had worked there before really helped me prepare to be successful there.

I felt like I had a leg up.” Pratik Patel Pratik Patel 36


Bruno de Faria

“It’s easier for me to make decisions today than when I first got here. I’m armed with the tools to face the

strategic issues that senior managers have to deal with in their jobs, and I feel confident about assuming that position one day.” Bruno de Faria

“Career Services is very well connected with firms in each industry, so we get face-to-face interaction with them. It helps you stand out and also get to know the companies better.” Amanda Xu

37


THE FACT 38


TS

113

An environment that stretches you past your known potential

countries in which Booth alumni are living and working

and supports you every step of the way.

A curriculum that is the most flexible on the planet.

43,000 BOOTH ALUMNI 14

concentrations

237

10

corporate recruiting events

research centers

5,341

CEOs & OTHER TOP COMPANY OFFICERS 39


WELCOME TO THE MOST FLEXIBLE CURRICULUM ON THE PLANET.

40


THE FACTS

Degree Options Choose your degree: MBA, International MBA, joint degree, or dual degree. You also may opt for an interdisciplinary program in health administration and policy. International MBA Our International MBA Program builds on Chicago Booth’s traditional strengths and prepares students to compete and succeed at the global level with a required study abroad component and international business courses. Joint Degrees Students can augment their MBA with a master of arts degree or professional degree in the following areas: In the Social Sciences Division (MA): Committee on International Relations Eastern European/Russian Studies Latin American Studies Middle Eastern Studies South Asian Studies

Professional School Programs: Harris School of Public Policy Studies (MPP) Law School (JD) Pritzker School of Medicine (MD) School of Social Service Administration (MA)

Dual Degrees Students may apply to and be accepted by another degree program at the university with which Chicago Booth does not have a joint-degree program. Students who decide to matriculate to the second program take a leave of absence from Chicago Booth in the quarters they pursue their course work in another division. Graduate Program in Health Administration and Policy Chicago Booth students who wish to enter the field of health care management and policy can earn a Certificate in Health Administration Studies from the University of Chicago School of Social Service Administration. The interdisciplinary program provides the training, vision, and judgment needed to face the various economic, ethical, and social issues, as well as the financial demands, of this complex field.

VIEW CURRICULUM ONLINE

ChicagoBooth.edu/fulltime/academics

41


THE FACTS

Flexible Core Curriculum Matched with our discipline-based approach, the flexible core curriculum allows you to master the fundamentals of business and develop an analytical framework by which any business problem can be examined and solved. You choose which courses are appropriate for you based on your experience and goals. 1. Leadership Effectiveness and Development (LEAD) The only required and cohorted course at Chicago Booth.

1 course

2. Foundations Choose three courses, one in each of the following areas: AREAS EXAMPLE COURSES Financial Accounting Financial Accounting, Financial Statement Analysis Microeconomics Microeconomics, Economic Analysis of Major Policy Issues Statistics Business Statistics, Applied Regression Analysis

3 courses

3. Functions, Management, and Business Environment 6 courses Choose one course each from six of the following seven areas: AREAS EXAMPLE COURSES Functions Finance Introductory Finance, Investments, Portfolio Management Marketing Marketing Strategy, Consumer Behavior Operations Operations Management, Supply Chain Strategy and Practice Management Decisions Managerial Decision Making, Managerial Accounting People Managing in Organizations, Power and Influence in Organizations Strategy Competitive Strategy, Business Policy Business Environment Business Environment Macroeconomics, Global Institutions and Political Economy

42

4. Electives Choose 11 courses, of which six may be selected from more than 7,500 University of Chicago courses outside Chicago Booth.

11 courses

Total courses for graduation

21 courses


Concentrations Concentrations allow you to emphasize one or more disciplines or fields of study to enhance or complement your experience and fit your interests and goals. Three to ten courses are required to fulfill a concentration in one of the following areas: Accounting We study both financial and managerial accounting, integrating finance, economics, organizational behavior, strategy, and production. You’ll learn to measure a firm’s financial performance in order to evaluate and make business decisions. Analytic Finance We offer the largest number of advanced finance classes of any business school, focusing on cutting-edge analysis for the quantitative tools you’ll need to create innovative solutions to real financial issues. Analytic Management Companies are increasingly applying quantitative analysis when developing competitive strategies. We apply our unique approach to quantitative and statistical analysis for decision making in a variety of managerial contexts. Econometrics and Statistics We have a long history of asking for proof to support an idea. This field focuses on identifying important information and quantifying answers to increase certainty and confidence in your decisions. Economics We use micro- and macroeconomic concepts—many pioneered at the University of Chicago—as powerful tools to understand society and maximize well-being. You’ll gain a deeper understanding of the principles and fundamentals that govern business. Entrepreneurship Through courses, labs, and competitions, you’ll gain experience in real-world settings and practical tools needed to start, finance, and manage your own business or embark into private equity. Finance With courses in corporate finance and investments, our legendary finance curriculum teaches the evaluation of risk and reward through an empirical lens.

General Management This concentration covers the core responsibilities of general managers, and courses in strategic management or managerial and organizational behavior add to your leadership skills. Human Resource Management Studying how to use economics and strategy to harness the value of human resources in production, you will gain the frameworks needed to make effective management decisions. International Business Utilizing a broad range of microeconomic and macroeconomic topics, you’ll gain a critical understanding of the global economic environment in which businesses operate and the role of economic agents in that environment. Managerial and Organizational Behavior Combining theory and research from cognitive and social psychology, sociology, and economics, courses study human behavior in a range of managerial contexts. Marketing Management We teach the latest innovations in marketing and a grounding in fundamental disciplines like psychology, economics, and statistics to prepare you to be strategic, analytical, and confident in the changing marketing environment. Operations Management By examining the impact of management decisions on the running of a company and vice versa, you’ll learn to successfully manage a firm’s resources and maximize value. Strategic Management We examine strategic issues through psychology, sociology, and economics in order to build the skills needed to formulate and implement an organization’s key strategies, the results of which will shape the structure and functioning of your firm.

Learn more about each concentration, including course descriptions, area faculty, and related cocurricular activities, at ChicagoBooth.edu/ fulltime/concentrations. 43


THE FACTS

“In my career, I’ll be working with international customers. To better understand their needs, I’m going to study abroad. I want to live somewhere and really interact with the culture, and I think it will make me more marketable.” ERIN GREEN

44

Study at partner schools in the following countries:

Our 33 partner schools include:

Australia Austria Belgium Brazil Chile China France Germany India Israel Italy Japan Mexico Netherlands Singapore South Africa South Korea Spain Sweden Switzerland United Kingdom

Fundação Getulio Vargas Hong Kong University of Science and Technology IESE Business School, University of Navarra Indian Institute of Management, Bangalore Keio University London Business School Pontificia Universidad Católica de Chile For a full list, visit ChicagoBooth.edu/ibep/ partnerschools.


International Opportunities The only business school with permanent campuses on three continents, Chicago Booth is truly global. We offer multiple avenues for gaining an international perspective on business. International Curriculum Take advantage of our International MBA or concentrate in international business. Or take University of Chicago electives in international studies, cultures, languages, and civilizations. Study Abroad Through the International Business Exchange Program (IBEP), spend an extended period studying in another country, choosing from 33 partner schools in 21 countries. Cocurricular Activities Explore exotic locales on a Random Walk, meet with firms and recruiters on an industry trek, join one of the many cultural groups, engage with the Initiative on Global Markets, and more.

Experiential Learning Our many experiential learning opportunities let you test your classroom knowledge in real-world situations, build team and leadership skills, and stretch yourself as you prepare for your career. Offerings include: Management Labs For over 30 years, more than 80 top corporations have tapped Chicago Booth students to help them solve real business problems. A team of students works closely with a faculty member and reports to a senior executive at the sponsoring firm. Entrepreneurial Labs The Polsky Center for Entrepreneurship offers several lab courses presenting students with the opportunity to work on real new ventures, evaluate business plans as investors, intern with private equity and venture capital firms, and aid nonprofit and social ventures. Competitions Chicago Booth students are a fixture on the business competition circuit. Competitions build team skills and develop your ability to analyze a situation, craft a strategic plan, and deliver a compelling presentation to a jury of real-world practitioners. Leadership Training LEAD’s interactive laboratory setting helps first-year students understand and harness their leadership experience and ability. Modules focus on building self-awareness and “soft skills� such as negotiation, public speaking, and effective teamwork. 45


“Chicago Booth has one value system: We are never satisfied with our state of knowledge or practice. We believe in the power of ideas. To get to the best provisional idea and the best execution requires making sure that each voice is heard and each person is respected.� DEAN EDWARD A. SNYDER

46


THE FACTS

Class Profile At Chicago Booth, we value the individual and actively recruit a community of students with diverse experiences, backgrounds, perspectives, and aspirations.

9% 65% 28 714 660-760 3.5 3.0-3.8 50

Underrepresented Minority Students

STUDENT BODY / Class of 2011 Total Enrolled: 570

U.S. Citizens

Average Student Age

FEMALE 35% MALE 65%

Average GMAT Score

GMAT Range (mid-80%) Undergraduate Majors Average GPA

GPA Range (mid-80%)

FINANCE/ BUSINESS ADMINISTRATION 27%

Countries Represented

ECONOMICS 20%

LIBERAL ARTS AND ALL OTHERS 35%

ENGINEERING 18%

As of June 1, 2009

47


THE FACTS

OUR FACULTY CHANGE THE WAY THE WORLD DOES BUSINESS. The caliber and reputation of Chicago Booth faculty are unmatched in business education. Our culture of debate and our perpetual quest for better solutions have led to ideas that advance business theory and shape its practice. Our faculty include Nobel laureates, presidential appointees, and a MacArthur “genius� grant winner, just to name a few. Their research and opinions are frequently cited in prominent media worldwide. On top of all that, they are truly accessible, dedicated teachers. Here are just a few world-changing professors with whom you can take classes.

48


“The central focus of any new regulatory effort should be on how to prevent institutions from becoming ‘too systemic to fail.’” Finance professor Raghuram Rajan, former chief economist at the IMF, testifying before the Senate Banking Committee in May 2009. Also in: the Economist, Wall Street Journal, Taipei Times

“Anytime the government sets the prices of something below market value, it is sure to reduce the supply of that something.” Entrepreneurship and finance professor Steven Kaplan to the Wall Street Journal about restrictions on executive pay. Also in: Chicago Tribune, Newsweek, Portfolio

“The idea that we can just write down a model of what the world’s smartest person would do and assume that would be a good description of what real people do—it’s just silly.”

“Don’t mess with this brand unless you’re very careful.”

Behaviorist Richard Thaler speaking to the Economist about his book with Cass Sunstein, Nudge, and their influence on the Obama administration. Also in: Financial Times, Singapore Straits Times, the New Republic, NPR

Marketing professor Jean-Pierre Dubé, talking to the Associated Press about the risks with extending beloved brands—in this case, Dora the Explorer—into new markets. Also in: the Economist, BusinessWeek

“I used to believe the glass ceiling was entirely man-made, but this research has changed my mind.” Economist Marianne Bertrand to the London Independent, about her work on the earnings gender gap, which she attributes to women’s changing work habits after having children. Also in: the Economist, Financial Times, Times of London

View faculty online at ChicagoBooth.edu/faculty. 49


THE FACTS

Research Centers Chicago Booth is famous for groundbreaking research, a great deal of which is conducted under the auspices of our research centers, which in turn are a draw for recruiting top faculty. And through developing courses and curricula, hosting talks and events, and sponsoring scholarships and internships, the centers also are valuable resources for students and alumni. Accounting Research Center This center coordinates the accounting activities at Chicago Booth and integrates various fields of knowledge across accounting and management. It also publishes the Journal of Accounting Research and sponsors an annual conference. Becker Center on Chicago Price Theory Founded by Richard O. Ryan, ’66, this interdisciplinary center supports research examining the role prices play in the fundamental functions of an economic system and in human behavior. Freakonomics coauthor Steven Levitt serves as director. Center for Decision Research Researchers study how intuition, reasoning, and social interaction produce beliefs, judgments, and choices— topics that have important applications in management, marketing, finance, and public policy. Center for Population Economics Directed by Nobel laureate Robert Fogel, the center supports research on demographic, epidemiological, and economic processes, such as chronic diseases, mortality, work levels, geographic mobility, intergenerational transition of wealth, and more. Center for Research in Security Prices Recognized as the leading source of the most comprehensive and accurate U.S. historical databases available, CRSP is an integral part of the academic and corporate worlds of economic and financial research. George J. Stigler Center for the Study of the Economy and the State Named for the first business school professor awarded a Nobel Prize and former faculty member George Stigler, the center supports research on the effects of political life on economic life and vice versa. 50

Initiative on Global Markets Pulling together Chicago Booth research ranging from micro- and development economics to accounting, corporate finance, and asset pricing, IGM explores how global movements of capital, products, and talent affect the nature of business in the 21st century. James M. Kilts Center for Marketing Founded by James M. Kilts, ’74, turnaround guru of Gillette, Kraft, and Nabisco, the center sponsors our marketing research and curriculum innovation. It annually funds $10,000 second-year scholarships and 10 two-year fellowships that provide $50,000 and a mentoring relationship with a senior marketing executive. Michael P. Polsky Center for Entrepreneurship Founded by energy entrepreneur Michael P. Polsky, ’87, the center combines experiential learning, collaboration, and research on new venture formation and development. Programs like the New Venture Challenge and Elfman-Wareham Private Equity and Venture Capital Lab provide students with real funding and work experience. Milton Friedman Institute for Research in Economics Supporting research of policy-related questions through economic analysis, the Milton Friedman Institute draws preeminent scholars from around the globe and is a collaboration between Chicago Booth, the University of Chicago Law School, and the Department of Economics.


OUR CAREER SERVICES TEAM IS ONE OF THE LARGEST AND MOST ACTIVE AMONG BUSINESS SCHOOLS. AND THEY SUPPORT YOU FOR LIFE.

51


THE FACTS

Career Services From crafting a career plan your first year to your trip to the top as an alum, Chicago Booth Career Services is there to help. We support you locally, nationally, or globally, offering you the resources to take ownership of your professional development and reach your career goals. Here is just a sampling of what we provide. Resources One-on-one coaching with a Career Coach, Career Advisor, or Career Resource Center Librarian, depending on individual needs. Career exploration through our resource center and events like Industry Immersion, in which Chicago Booth alumni and firm representatives discuss a wide variety of career paths. Skill development in every area, including resume writing, interviewing, and networking. Events like Mocktail and wInterview let you practice your skills in a risk-free setting.

Opportunities Corporate connections like nowhere else. Our team is a leader among peer schools in fostering relationships with the global business community. You get access through myriad events like Corporate Networking Nights. On-campus recruiting that comes with our support, from researching firms to nailing the job. With nearly 200 companies interviewing on campus in 2008–09, the opportunities are vast. Off-campus opportunities facilitated or supported by our office, like daily job postings, a resume referral service, student industry treks, lunch-and-learns, and network access.

52


In 2008–09 Over

189 companies interviewed on campus

237

3,000

corporate recruiting events hosted on campus

corporate jobs were posted

In 2007–08

$100,000 94.3%

MORE THAN

MEDIAN BASE SALARY:

TWO-THIRDS of all hires went to major metropolitan centers—CHICAGO, NEW YORK, SAN FRANCISCO, LONDON, and HONG KONG.

of graduates had job offers within three months of graduation

Top 5 Industries

29.8%

23.1%

Investment Banking/Brokerage

9.9%

Consulting

Investment Management

Top 5 Functions

22.7% Consulting

22.1% Investment Banking

New Hires by Location

11.0% Investment/ Management Research

6.6%

24.2%

Diversified Technology All Others Financial Services

7.9%

7.6%

28.7%

Sales and Trading

Marketing

All Others

78.5% United States: Midwest 30.2%, Northeast 27.7%, West 13.2%, Southwest 3.7%, South 2.1%, and Mid-Atlantic 1.7% Because figures are represented to the tenths place, data sets may not add up to indicated totals.

6.4%

21.3% International: Asia 10.7%, Europe 7.9%, Latin America and the Caribbean 1.9%, and Other 0.8% 53


THE FACTS

Chicago Booth Network Wherever you go from here, you’ll find a vibrant Chicago Booth network. Our alumni hail from every industry and inhabitable continent. They engage in admissions events, student treks, roundtable discussions, and Chicago Conversations. Our faculty travel the world sharing Chicago Booth thinking through the Global Leadership Series and Business Forecast. With permanent campuses on 3 continents and more than 43,000 community members in 113 countries, your network is as broad as your outreach.

15

international cities hosting Global Leadership Series

8

international cities hosting Business Forecast 2009 events

30

Women’s Week events

54


43,000

92

Chicago Booth Alumni

Alumni Clubs worldwide

75

international cities hosting Worldwide Booth Night receptions

113

countries in which Chicago Booth alumni live and work

5,341

CEOs and other top corporate officers 55


THE FACTS

Craig Nakagawa, ’97 Acting President, VillageReach

Alumni Leaders A Chicago Booth MBA prepares you to think through unique problems, make decisions, and lead. Lead what? A nonprofit or a major corporation. A city or a start-up. Or something else entirely. See what these Chicago Booth alumni are doing with their degrees.

Nakagawa traded his job on Wall Street to become a social entrepreneur, helping VillageReach win the support of the Bill & Melinda Gates Foundation for its charitable causes in Africa before expanding the firm’s operations on the continent.

Karen Parkhill, ’92 CFO Commercial Banking, JPMorgan Chase & Co.

Read about more alumni accomplishments in Chicago Booth Magazine, available at ChicagoBooth.edu/magazine.

Parkhill joined JPMorgan after receiving her MBA and spent 13 years climbing the ranks in investment banking before switching to commercial banking and becoming CFO.

Andrew Alper, AB ’80, MBA ’81 Chairman, Alper Investments

After rising to managing partner and director of Goldman Sachs, Alper accepted Mayor Bloomberg’s appointment to become president of the New York City Economic Development Corporation, charged with strengthening New York’s economy after September 11.

Mary Ann Tolan, ’92 CEO, Accretive Health

After 21 years at Accenture as a chief executive and chief executive strategist, Tolan left the firm to found Accretive Health, a company that strengthens hospitals financially by capturing lost revenues. 56


Tao Huang, ’99

Scott Griffith, ’90

COO, Morningstar

Chairman and CEO, Zipcar

Founded by Joe Mansueto, ’80, Morningstar provides independently researched data on more than 145,000 investment offerings worldwide.

Zipcar is the largest car-sharing operation in the United States. In 2006, Griffith was named one of BusinessWeek’s “Best Leaders.”

Jaime Chico Pardo, ’74 Co-Chairman of the Board, Teléfonos de México, S.A. de C.V.

As CEO of the firm in 1995, Chico Pardo modernized and reinvented the formerly stateowned monopoly into a global high-tech multimedia company.

Ann Mukherjee, ’94 Group Vice President, Marketing, Frito-Lay North America

Frito-Lay bought a TV spot for Doritos for the Super Bowl and let consumers create the content, grabbing headlines for nontraditional marketing.

Ron Huberman, MBA ’00, AM ’00 CEO, Chicago Public Schools

Formerly president of Chicago Transit Authority, Huberman was appointed CEO of the country’s third-largest school district in 2009. Prior to his political career, Huberman served as a Chicago police officer.

Bassam Yammine, ’94 Managing Director of the Middle East, Credit Suisse

Working in Riyadh and Dubai, Yammine has ties to the region that date back to the mid-1990s, when he helped set up Lebanon’s first investment bank.

Adrian Kowalewski, ’06 CFO, American Apparel

American Apparel’s first retail store opened in 2003, and today it operates the largest garment factory in the United States and has over 260 stores worldwide.

Alisa Miller, MBA ’99, MPP ’99 President and CEO, Public Radio International (PRI)

Delivering such shows as This American Life and BBC World Service, PRI is one of two major U.S. public radio networks. 57


THE FACTS

City of Chicago Whatever you’re looking for in a city, you’re likely to find it here in Chicago. The country’s third-most populous city is home to: 31 miles of lakefront, including 18.5 miles of bike paths and 33 beaches 58

Rich cultural diversity amid roughly 200 neighborhoods


“Everything you want from a big city is here.” LISA PINSLEY

Professional baseball, basketball, football, hockey, and soccer teams 2 major airports offering direct flights worldwide A thriving music scene and major festivals like Lollapalooza The world’s second-largest art museum, the

The world’s second-largest art museum, the Art Institute, with its new Modern Wing World-renowned restaurants and celebrity chefs like Rick Bayless and Grant Achatz A lively theater scene producing Tonywinning work like August: Osage County 59


THE FACTS

Engage with Us You’ve just gotten a taste of Chicago Booth, but the best way to understand and appreciate our culture is to experience it firsthand. We offer a variety of virtual and in-person engagement opportunities, including: Chicago Booth Connect Register on our website and get your own personal homepage, delivering the latest announcements and events as well as news and features tailored to your interests. Chats Join fellow prospective students (and potential future classmates) and ask Chicago Booth students and administrators about application strategies, career services, faculty, student life, areas of study, and more. Admissions Blog Get associate dean for student recruitment and admissions Rose Martinelli’s personal take on the admissions process. Student Blog Hear from members of the Dean’s Student Admissions Committee, who assist with the recruitment and evaluation of prospects. Keep up with their Tweets on breaking Chicago Booth news. Link to other student and alumni bloggers. Student Groups Our student groups span every interest from cultures to careers, and many actively reach out to prospective students. Explore them all at ChicagoBooth.edu/fulltime/studentgroups. Information Sessions Held in cities around the globe, info sessions bring Chicago Booth to you. Meet with current students, alumni, and admissions directors and find out what makes Chicago Booth unique. Daily Campus Visit In an informal half-day program, you can sit in on a class, attend an admissions information session, tour the Charles M. Harper Center, and lunch with current students. Chicago Booth Live These special full-day events allow you to spend a day as a Chicago Booth student. You will engage with students in various settings, debate our faculty in the classroom, and unwind with new friends at one of our regular end-of-theweek receptions known as a “Liquidity Preference Function,” or “LPF” for short. Explore engagement opportunities at ChicagoBooth.edu/fulltime/engage.

60


TABLE OF CONTENTS

Apply

Introduction

2

Mind

6

Life

14

Leadership

22

Impact

30

The Facts

38

Degree Options

41

Flexible Core Curriculum

42

Concentrations

43

International Opportunities

45

Experiential Learning

45

Class Profile

47

Faculty

48

Research Centers

50

Career Services

51

Chicago Booth Network

54

Alumni Leaders

56

City of Chicago

58

Engage and Apply

60

The Full-Time MBA Program matriculates approximately 570 students each autumn quarter. The Admissions Committee looks for evidence of an applicant’s potential to succeed in a demanding academic program and a professional career after graduation. In addition to previous educational experiences, test scores, and recommendation letters, we review essays and conduct interviews by invitation to learn about an applicant’s goals and understanding of the Chicago Booth MBA. In short, the Admissions Committee tries to find a solid match between the applicant and Chicago Booth values.

MORE T HAN A BUSINE SS SCHOOL. A BUSIN ESS FORCE. Chicago Booth admits new students into the Full-Time MBA Program in the autumn quarter only. Application deadlines for autumn 2010 enrollment are:

ROUND 1

Wednesday, October 14, 2009

ROUND 2

Wednesday, January 6, 2010

ROUND 3

Wednesday, March 10, 2010

Costs and Financial Aid

The cost of attendance for the 2009–10 academic year is estimated to be $81,246. Each of the 10 courses per year is $4,902. The cost of living and student fees for incoming students is estimated at $32,226.

Committed to providing access to all students, Chicago Booth offers financial aid in the form of merit-based scholarships and loans. Merit-based scholarships are awarded based on information in the admission application; there is no separate application, and all applicants to the Full-Time MBA Program are considered for scholarship awards. Several loan options are available for all incoming students, including federal loans for eligible U.S. citizens and permanent residents and alternative, credit-based loans for all students. International students without a cosigner will have access to loans to help fund their educational costs. For more information on admissions, costs, and financial aid, visit ChicagoBooth.edu/fulltime.

Contact Us Office of Admissions and Financial Aid Tel 773.702.7369 admissions@ChicagoBooth.edu ChicagoBooth.edu/fulltime For information on our Evening, Weekend, or Executive MBA Programs, visit ChicagoBooth.edu. Every effort is made to ensure that the information contained in this publication is accurate as of the date of its printing [June 2009]. The University of Chicago Booth School of Business reserves the right to make changes at any time without prior notice. In keeping with its long-standing traditions and policies, the University of Chicago, in admissions, employment, and access to programs, considers students on the basis of individual merit and without regard to race, color, religion, sex, sexual orientation, national or ethnic origin, age, disability, or other factors irrelevant to participation in the programs of the university. ©2009 The University of Chicago Booth School of Business. All rights reserved. Produced by Chicago Booth Marketing. Principal Photography: Chris Strong. 513139/22K/AR-KB-MC/06-09


The Full-Time MBA Program The University of Chicago Booth School of Business

The Full-Time MBA Program The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, Illinois 60637

THE FULL-TIME MBA PROGRAM

ViewbookFT-2009-10  

Viewbook for full-time, 2009-2010

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