The 592 first-year MBA students who will start full-time classes at the University of Chicago Booth School of Business on Thursday, September 24 represent the largest number of incoming students in the school’s history and coincides with the smallest “summer melt” ever recorded by Chicago Booth, the school announced today.
“Summer melt” describes what happens when students who accept an offer of admission for the fall term abandon their deposits and decide not to enroll after all, either for work-related or personal reasons.
“This year, our summer melt was negligible compared to what it was in the past,” said Stacey Kole, deputy dean for the full-time MBA program. “Because of our high yield this year, we had to turn away many extremely talented candidates on our waiting lists,” she said.
“Several factors likely contributed to the higher enrollment and lower summer melt this year, including our stronger brand presence in the U.S. and globally,” Kole said. Chicago Booth has taken steps to raise its visibility, including increased use of advertising and marketing, she said.
The 592 students in the Class of 2011 compares with the previous record-high enrollment of 577 last year. As a result, full-time enrollment of first-year and second-year students at the school is 1,169.
The incoming MBA class includes 35 percent women, equaling the record high set last year. The average age of the new students in 28 and 18 percent of them already have at least one other graduate degree. Sixteen percent of the students are married and 36 percent are from outside the U.S.
The largest group of international students is from India (34 student), China (16), Canada (15) and Brazil (14). The number of students from Western Europe increased to 40 this year from 24 last year, led by a big jump in students from France. The Class of 2011 includes 10 students from France, compared with six last year and two in 2007. Enrollment from Asia declined to 78 for the Class of 2011 compared with 94 a year ago.
The typical student scored 714 on the Graduate Management Admission Test (GMAT) and had an undergraduate grade point average of 3.53.
The University of Chicago Booth School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide.
The Chicago Approach to Management Education is distinguished by how it leverages fundamental knowledge, its rigor, and its practical application to business challenges.
Chicago Booth offers a full-time MBA program, an evening MBA program, a weekend MBA program, and an executive MBA program in Chicago, London and Singapore. The school also offers a PhD program, open enrollment executive education, and custom corporate education.
More information about the school can be found at www.ChicagoBooth.edu.