Press Releases Chicago Booth expands MBA deferral program
Undergraduates outside of University of Chicago eligible to apply.
- October 02, 2018
The University of Chicago Booth School of Business announced today that it is expanding its MBA deferred admissions program to undergraduate students outside of University of Chicago.
Chicago Booth is opening the program, known as Chicago Booth Scholars, to students from any undergraduate institution who are in their final year of study. The Chicago Booth Scholars program allows admitted students to gain two to four years of full-time professional experience before coming to Booth to earn their MBA.
In keeping with Booth’s emphasis on providing flexibility, the school has also expanded the available program options to its deferred candidates. While Booth Scholars apply to the Full-Time MBA Program at the Hyde Park campus, as a new element of the expansion, if students wish to continue working, they have the opportunity to choose either the Evening MBA or Weekend MBA Program at the downtown campus.
“Continuing to build the most talented and diverse classes of MBA students is a priority for Chicago Booth.”
—Dean Madhav Rajan
This is the first time Booth has opened the deferred admissions program to outside colleges. Since its start in 2002, the Chicago Booth Scholars Program has been available only to UChicago undergraduate students.
“This program is extremely successful in terms of the caliber of students it has attracted and the excellent alumni that come out of it,” said Stacey Kole, deputy dean for the MBA Program at Booth.“There is great talent beyond our own university, which is why we are opening this opportunity to students attending other colleges and universities.”
The next application deadline is April 4, 2019. The $250 application fee is waived for all Chicago Booth Scholars applicants. Admission is provisional upon scholars maintaining full-time, post-graduate professional experience during the deferment period—a minimum of two years and a maximum of four years.
By starting their MBA journey before they graduate from college, students can take the GMAT and GRE tests while they are still in test-taking mode and before they enter the busy working world. The deferred admissions program also creates an environment in which young professionals can find their career paths.
“This program is extremely successful in terms of the caliber of students it has attracted and the excellent alumni that come out of it.”
Chicago Booth has been at the forefront of business education and research for more than 100 years. The first comprehensive business curriculum was developed in Chicago, the first academic business journal was founded at the University, and the first minority scholarship program at a business school was offered here as well.
“Continuing to build the most talented and diverse classes of MBA students is a priority for Chicago Booth,” said Madhav Rajan, Booth Dean and George Pratt Shultz Professor of Accounting. “Broadening the Chicago Booth Scholars Program by providing even greater access to exceptional undergraduates reflects Booth’s mission to influence and educate current and future leaders.”