Chicago Booth MBA: acceptance rate, tuition, GMAT and salary (2026)
University of Chicago Booth School of Business · Chicago, Illinois · Data checked Nov 3, 2026 · Sources
University of Chicago Booth School of Business in Chicago, Illinois ranks #7 in our composite of the four major MBA rankings. The Class of 2027 full-time class has 635 students, with a median GMAT of 730. Tuition is $89,976 per year (2026-27 first-year tuition, standard Full-Time MBA (Class of 2028)), within a published annual budget of $132,449. Graduates in the Class of 2025 employment report earned a median base salary of $175,000, and 89% had offers within three months of graduation.
- Class of 2025: 89.1% of graduates had full-time offers within three months (86.8% prior year)
- Separate Chicago Booth Scholars deadline of 2027-04-01
Admissions and class profile
| Class year | Class of 2027 |
|---|---|
| Applications | 5,876 |
| Class size | 635 |
| Acceptance rate | — |
| Median GMAT | 730 |
| Average GMAT | 729 |
| GMAT middle 80% | 690–770 |
| GRE (verbal / quant) | 161 / 163 |
| Undergraduate GPA | 3.60 |
| Work experience | 5.0 years |
| Average age | — |
| Women | 41% |
| International students | 37% |
Tuition and cost of attendance
| Tuition per year | $89,976 |
|---|---|
| Basis | 2026-27 first-year tuition, standard Full-Time MBA (Class of 2028) |
| Published cost of attendance per year | $132,449 |
| Program length | — |
| Formats offered | full-time |
Model the ROI with these numbers
See the guides on what an MBA really costs and scholarships and fellowships.
Employment outcomes
| Employment report | Class of 2025 |
|---|---|
| Median base salary | $175,000 |
| Mean base salary | — |
| Median signing bonus | $30,000 |
| With offers 3 months after graduation | 89% |
Where graduates go
| Industry | Share of class |
|---|---|
| Consulting | 37% |
| Technology | 14% |
| Diversified Financial Services | 9% |
Frequently listed employers: Boston Consulting Group, McKinsey, Bain, JPMorgan Chase, Amazon, Google, Goldman Sachs.
Application deadlines
| Round | Deadline |
|---|---|
| Round 1 | Sep 15, 2026 |
| Round 2 | Jan 7, 2027 |
| Round 3 | Apr 1, 2027 |
Dates are for the application cycle currently open and are checked against the school's page on the date shown above. Confirm on the school's site before relying on them. See the application timeline guide for how the rounds differ.
Where Chicago Booth ranks
| Ranking | Edition | Position |
|---|---|---|
| Composite (this site) | Average of the four lists below | #7 |
| U.S. News | 2026 Best Business Schools (Full-Time MBA) | #3 |
| Financial Times | Global MBA Ranking 2026 | #20 |
| Bloomberg Businessweek | Best Business Schools 2025-26 (US) | #7 |
| QS | QS Global MBA Rankings 2027 | #10 |
Positions are cited from each publisher's latest edition; see the methodology. A dash means the school was not listed in that edition.
Compare Chicago Booth with similar schools
Other top MBA programs in Illinois
- Kellogg School of Management (#5 composite)
Frequently asked questions
What is the acceptance rate at Chicago Booth?
Chicago Booth does not publish an admit count, so an exact acceptance rate is not available. It received 5,876 applications for the Class of 2027 class.
What GMAT score do you need for Chicago Booth?
The median GMAT for the Class of 2027 class was 730, with the middle 80% of the class between 690 and 770. There is no published minimum, and the school accepts the GRE as well.
How much does the Chicago Booth MBA cost?
Tuition is $89,976 per year (2026-27 first-year tuition, standard Full-Time MBA (Class of 2028)), and the school's full annual cost-of-attendance budget, including fees and living expenses, is about $132,449. Over a two-year program, budget for two years of these costs plus the salary you give up.
What is the average salary after a Chicago Booth MBA?
The Class of 2025 employment report shows a median base salary of $175,000 plus a median signing bonus of $30,000, with 89% of job seekers holding offers three months after graduation.
Sources
Official pages from University of Chicago Booth School of Business; each figure above was read from the page listed on the date shown.
- https://chicagobooth.edu/mba/full-time/admissions/class-profile (accessed Nov 3, 2026)
- https://www.chicagobooth.edu/mba/full-time/admissions/cost (accessed Nov 3, 2026)
- https://www.chicagobooth.edu/why-booth/stories/mba-employment-report-2025 (accessed Nov 3, 2026)
- https://www.chicagobooth.edu/mba/full-time/admissions/how-to-apply (accessed Nov 3, 2026)
- https://www.chicagobooth.edu/
Data notes: GMAT figures (729 avg, 730 median, 690-770) are legacy GMAT for 73% of the class; GMAT Focus (avg 670, median 675) for 39% of the class; the page layout for GRE and Focus rows was jumbled so GRE averages (V161/Q163) are a best reading. Acceptance rate null: admits not published. Mean salary null. Cost of attendance is Booth's 2026-27 first-year estimate with health insurance rate still to be determined. Employment industries are percent of industry placements; top_employers are those named in the report as leading hirers (unranked). founded/program_length_months not verified so null. A Class of 2028 profile may exist but fetched page showed Class of 2027.