The Chicago Booth Business School offers international students four distinct MBA programmes to help them achieve their professional objectives. These programmes include the global Executive MBA, the full-time MBA, the holiday MBA, and the evening MBA. 

The estimated total tuition for the two-year MBA programme is $155,682. This cost consists of 2,200 units of coursework, student service fees, administrative service fees, books, food and lodging, a computer allowance, transportation, lifetime transcript charge, and miscellaneous costs. 

The total tuition is levied in six equal quarterly payments. Regardless of whether pupils graduate in less than six quarters, this is the case.

Booth School of Business Scholarships

Highlights

Application received 4323
Class size  621
Median GMAT Score 730
Median GRE score  303-340
Average GPA  3.6
Tuition costs  $77,841 per person
Median base salary  $175,000

Scholarships coming under Booth School of business

Canfield Private Equity Fellowship
Herman Family Fellowship for Women Entrepreneurs
Kilts Marketing Fellowship Distinguished Fellowship
Forté Foundation Fellowship
Marvin Zonis International Scholarship
Zmijewski Scholarship
David W. Fox Scholarship
A. H. Tobaccowala Fellowship
Chicago Booth Mexico Opportunity Scholarship
Dennis W. and Jane B. Carlton Fellowship
Ehara Scholarship
He Family Scholarship
The Nelson Germanos Fellowship
Ramakrishnan Family Scholarship

Eligibility Criteria

The Booth School of Business at the University of Chicago offers several scholarships for its students. The specific eligibility criteria for each scholarship may vary, but here are some general criteria that are often considered:

  • Admission to Booth School of Business: Typically, you must be admitted to the Booth School of Business as a student in one of its programs, such as the Full-Time MBA, Evening MBA, Weekend MBA, or Executive MBA.
  • Academic Excellence: Many scholarships prioritize academic performance. You may need to demonstrate a strong undergraduate GPA or a competitive GMAT or GRE score. Additionally, maintaining a certain level of academic performance during your studies at Booth may be required to retain the scholarship.
  • Demonstrated Leadership and Professional Potential: Scholarships may consider your leadership experience, professional achievements, and potential for making a significant impact in your chosen field.
  • Financial Need: Some scholarships take financial need into consideration. You may be required to provide financial information or complete a separate financial aid application to be considered for need-based scholarships.
  • Specific Criteria: Some scholarships may have specific criteria based on factors like your intended career path, industry focus, geographic location, or background.

Documents Required

The specific documents required for scholarships at the Booth School of Business at the University of Chicago may vary depending on the scholarship you are applying for. However, here are some common documents that are often requested during the scholarship application process:

  • Completed Application Form: Most scholarship applications will require you to fill out an application form provided by the Booth School of Business. This form typically includes personal information, academic history, and other relevant details.
  • Academic Transcripts: Official transcripts from all undergraduate and graduate institutions you have attended are often required. These transcripts should reflect your academic performance and demonstrate your qualifications for the scholarship.
  • Letters of Recommendation: Scholarship applications often ask for letters of recommendation from individuals who can speak to your academic abilities, leadership potential, and character. These letters are typically written by professors, employers, or other professional contacts.
  • Resume or Curriculum Vitae (CV): A current resume or CV outlining your educational background, work experience, extracurricular activities, and any relevant achievements is commonly requested.
  • Statement of Purpose or Essays: Many scholarship applications require you to submit a statement of purpose or one or more essays. These documents allow you to articulate your career goals, motivations, and how the scholarship would support your aspirations.
  • Proof of Admission: Depending on the scholarship, you may be required to provide proof of admission or enrollment to the Booth School of Business or a specific program within the school.
  • Financial Aid Documents (if applicable): If the scholarship is need-based, you may need to submit additional financial aid documents, such as the Free Application for Federal Student Aid (FAFSA) or other financial information forms.

It is important to carefully review the specific scholarship requirements and instructions provided by the Booth School of Business for each scholarship you are applying to.

Application process

The application process for scholarships at the Booth School of Business at the University of Chicago may vary depending on the specific scholarship you are interested in. However, here is a outline of the process:

  • Research Scholarships: Start by researching the available scholarships at the Booth School of Business. Visit their official website or contact the admissions or financial aid office to obtain a list of scholarships and their respective eligibility criteria.
  • Review Eligibility Criteria: Carefully review the eligibility criteria for each scholarship to determine if you meet the requirements. Pay attention to factors such as academic performance, leadership experience, career goals, and any specific criteria mentioned.
  • Prepare Required Documents: Gather all the necessary documents and information required for the scholarship application. This may include academic transcripts, letters of recommendation, a resume or CV, essays or personal statements, and any other requested materials.
  • Complete the Application: Fill out the scholarship application form provided by the Booth School of Business. 
  • Submit Supporting Documents: Attach the supporting documents, such as academic transcripts and letters of recommendation, as specified in the application guidelines. Ensure that all documents are properly labeled and submitted according to the instructions provided.
  • Pay Attention to Deadlines: Be mindful of the application deadline for each scholarship you are applying for. Make sure to submit your application and supporting documents before the specified deadline.
  • Follow Up: After submitting your application, you may receive a confirmation of receipt. If necessary, keep track of any additional steps or requirements communicated by the Booth School of Business regarding the scholarship application process.
  • Selection and Notification: The scholarship selection process varies for each scholarship. Once the selection is made, scholarship recipients will be notified by the Booth School of Business. Notifications may be sent via email or postal mail, so regularly check your email and mailbox for updates.

It's important to note that the application process and deadlines may differ for each scholarship. Therefore, it is recommended to visit the Booth School of Business website or contact their admissions or financial aid office for the most accurate and up-to-date information on the application process for scholarships at Booth School of Business.

Selection Process

The selection process for scholarships at the Booth School of Business at the University of Chicago can vary depending on the specific scholarship you are applying for. However, here is a general overview of the selection process:

  • Application Review: After the submission deadline, the scholarship committee will review all submitted applications. They will ensure that each application is complete and meets the eligibility criteria for the specific scholarship.
  • Evaluation and Assessment: The scholarship committee will evaluate each application based on various factors such as academic achievements, leadership experience, career goals, and the alignment of the applicant's profile with the scholarship's objectives. They may also consider factors like diversity, industry focus, and geographic location if applicable to the scholarship.
  • Shortlisting: Based on the evaluation, the scholarship committee will shortlist candidates who meet the scholarship criteria and demonstrate outstanding qualifications and potential.
  • Additional Evaluation: In some cases, shortlisted candidates may be invited for additional evaluations, such as interviews or presentations. These additional assessments may help the scholarship committee gain further insights into the candidates' capabilities, motivations, and fit for the scholarship.
  • Final Selection: The scholarship committee will make the final selection of scholarship recipients based on the overall evaluation and assessment process. The number of recipients and the final decision is at the discretion of the scholarship committee.
  • Notification: Once the final selection is made, the Booth School of Business will notify the scholarship recipients. They will typically receive an official notification letter or email with details about the scholarship award, any conditions or requirements, and the next steps to accept the scholarship.

In conclusion, the Booth School of Business Scholarships offer a transformative opportunity for aspiring business leaders to pursue their educational and professional goals. With a wide range of scholarships available, the school strives to attract and support the most talented and diverse students, fostering an environment of innovation and excellence. Through these scholarships, students not only receive financial assistance, but also gain access to a network of accomplished alumni and industry professionals, providing invaluable mentorship and career opportunities.

FAQs

Que. How many scholarships are available at the Booth School of Business?

Ans. The number of scholarships available can vary each year, depending on funding and specific scholarship programs.

Que. Can international students apply for scholarships at Booth School of Business?

Ans. Yes, international students are typically eligible to apply for scholarships at Booth School of Business.

Que. Can I apply for multiple scholarships at the same time?

Ans. Yes, you can apply for multiple scholarships. Each scholarship may have its own application process and requirements.

Que. Is financial need a consideration for scholarship eligibility?

Ans. Some scholarships may take financial need into consideration, while others may be merit-based. It depends on the specific scholarship program.

Que. Can I apply for scholarships before receiving an admission decision from Booth School of Business?

Ans. Yes, you can generally apply for scholarships before receiving an admission decision. However, you must be admitted to Booth School of Business to be eligible to receive a scholarship.

Que. Are scholarships available for part-time MBA programs at Booth School of Business?

Ans. Yes, there may be scholarships available for part-time MBA programs, such as the Evening MBA or Weekend MBA, at Booth School of Business.

Que. How are scholarship recipients selected?

Ans. Scholarship recipients are selected based on various criteria, including academic performance, leadership experience, career goals, and alignment with the scholarship's objectives.

Que. Are there scholarships specifically for students from certain industries or backgrounds?

Ans. Yes, some scholarships may have specific criteria, such as scholarships for students from underrepresented backgrounds or scholarships for students pursuing careers in certain industries.

Que. What is the value of scholarships at Booth School of Business?

Ans. The value of scholarships can vary, ranging from partial tuition coverage to full tuition coverage, depending on the specific scholarship program and the recipient's qualifications.

Que. Can I reapply for scholarships if I'm not selected as a recipient?

Ans. Yes, if you are not selected as a scholarship recipient, you can reapply for scholarships in subsequent application cycles, provided you still meet the eligibility criteria.