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Chat live with current students

Chat live with current students - Tuesday, June 3, Noon—1 p.m. CST

Chat live with current students about The Booth Experience! Ask about classes, student life, faculty, recruiting, and what it’s like to live in Chicago. You will meet students from the US and around the world, those with partners or families, and Boothies who are members of various student groups and representing different industries. Don’t miss this opportunity to chat directly with current students.

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Moderator -> EveryoneHello everyone! Thank you for joining us today. Our chat will begin promptly at 12:00 p.m. CDT. Feel free to begin submitting your questions now so we can start providing answers at noon.
Moderator -> EveryoneHello everyone! Thank you for joining us today. Our chat will begin in 10 minutes. Feel free to begin submitting your questions now so we can start providing answers at noon.
Moderator -> EveryoneHello everyone. Welcome to our live chat! Thank you for joining us today. We are eager to answer all your questions, so please begin submitting them now.
Steph K -> EveryoneHi! My name is Stephanie. Welcome to the chat! More than happy to answer any questions you have about student life or anything else.
Craig C -> EveryoneHi everyone! My name is Craig and I'm a first year student here. I'm excited to answer any questions you might have about life at Booth!
Suzi S -> EveryoneHi, I'm Suzi. Welcome to the chat! I am looking forward to answering your questions.
Darren S -> EveryoneHi my name is Darren. Welcome! Looking forward to answering your questions about anything related to Booth.
Alex S -> EveryoneHi I'm Alex, I'm a first-year student ready to answer your questions!
Meghan -> EveryoneHello! Thanks for joining our chat. We look forward to your questions!
Gabby C -> EveryoneHi all, welcome to today's chat! I'm Gabby, happy to answer questions you may have on classes, clubs and life at Booth/Chicago in general.
Edward M -> EveryoneHi everyone! My name is Edward and I'm a first year student here. I'm happy to answer questions.
Ignacio V -> EveryoneHi! I'm Ignacio Vinke. I'm from Venezuela. I'll be happy to answer any questions you may have about life at Chicago Booth, classes, random walks and anything else you may need help with.
Kevin_B -> Edward MEdward, how did Booth and fellow students help you transition into banking? What advice would you have for other individuals looking to move into that industry?
Edward M -> Kevin_BI learned a lot during the banking recruiting process. Actually, you'll learn everything you need to know to be successful during the process. Just know why you want to do banking and be passionate about it.
luisserzedelo -> MeghanHello, I have just started my application to the summer 2015 intake, however the application process is still not available. When will it be? Thank you in advance, Luis Serzedelo
Meghan -> luisserzedeloHi luisserzedelo: Our applications historically go up in the summer. Please make sure to visit the Booth Insider Blog for updates! http://blogs.chicagobooth.edu/blog/Booth_Insider/boothinsider?redirCnt=1&=
Tyler K -> EveryoneHi everyone, happy to answer any questions you may have about the Chicago Business Newspaper (check out Chibus.com), the Family Enterprise Group, or anything else!
Gerald_Mason -> Suzi SDear all. Thank you for your time and your feedback. It's greatly appreciated. My question pertains to how Booth has enhanced your professional competitiveness. Can someone speak to how Booth has augmented their skills and/or tapered their shortcomings? Thank you.
Suzi S -> Gerald_MasonI feel like there is no question that Booth has enhanced my competitiveness. From the time you arrive on campus, career services begins preparing you for a successful internship search. They cover a ton of topics including resumes, interviewing, LinkedIn, etc. Even as a career switcher (from psychology to marketing), I feel prepared for my upcoming internship. I have sharpened my analytical skills as well as my leadership skills. The flexible curriculum allows you to customize your experience so that you can specifically address what you see as shortcomings.
Irene -> Craig CHi everyone, so excited to join the class of 2016. I'm planning on living in Hyde Park through the graduate student housing program. From what you've seen, is it difficult for Hyde Park people to feel included in the social activity that mostly happens in the Loop? Do Hyde Park people feel outside of the main social experience?
Craig C -> IreneHey Irene! I currently live in graduate student housing in Hyde Park and can honestly say that living here does not exclude you from being involved in social activities with other students. There are always invitations to social events coming through various Facebook groups or through clubs you get involved with, and it's a short bus/train ride to get downtown. Also, students are always coming down to Hyde Park for class, recruiting events, etc., so that helps you stay in-touch with the social scene. In the end, I think you can make living in Hyde Park as social as you want it to be, it just takes a little extra effort to go downtown when you need to.
AHur -> Gabby CQuestion on student life - Do most Boothies live on campus or off? How do living arrangements affect interactions between Booth students?
Gabby C -> AHurI would say that a large percentage live off campus. The Loop, the South Loop and Hyde Park are the popular neighborhoods Boothies live in. I'm in the South Loop myself. I like living close to people. There's always a random social event going on! It also makes it easier to get together for study groups.
dalg -> Ignacio VHello, everyone! What did you enjoy most about your Random Walk experience and how much did it help you to make new friends?
Ignacio V -> dalgHi Daig, Random Walks are an awesome experience! You get to meet around 15 other first years and form a group of friends before starting classes. It's a great way to know them on a personal level and see how culturally diverse Booth really is. For my Random Walk, I went to Thailand and I still constantly meet with my group during the year for dinners, barbecues, and other events. Some of my best friends here at Booth are from my Random Walk group. I truly recommend everyone to go to one, it's an integral part of The Booth Experience :)
Denise -> Edward MHi, thanks for taking questions. What is your favorite class and why? How are classes typically structured (lecture, case, etc.)? Also, has anyone taken a Lab? If so, can you talk a little bit about that? Thanks!
Edward M -> DeniseClass structure really depends on the instructor but they are generally a mix of case discussion, lectures and class participation. I haven't taken a lab class yet but looking forward to that for next year. My favorite class was Corporate Finance.
Desiree -> Steph KWhy did you choose Booth and what stood out to you when you applied compared to everywhere else you looked?
Steph K -> DesireeI chose Booth for a variety of reasons. First and foremost, it was because of interactions I had with students, faculty and alumni as I was going through the process. It really showed me the true culture I could expect at Booth - a great balance of academics, career guidance and social life. Everyone was incredibly passionate about whatever it was they were doing at Booth. In addition to the culture, I was drawn to the flexibility of the curriculum, the rigor in the classroom (from both a theoretical and an application standpoint), and the location in Chicago. The variety of class options from which I could choose for my first year really helped me round out my previous experiences, and I think made me a stronger candidate during internship recruiting.
bhaskardkulkarni -> MeghanIs Chicago Booth planning to hold any events in India this year?
Meghan -> bhaskardkulkarnibhaskardkulkarni: Yes, we are going to be traveling to India again. Please check back on our events page for a list of dates and cities - it should be updated around July. http://www.chicagobooth.edu/programs/full-time/admissions/events
Michelle22 -> Edward MAny general advice for new admits starting in the fall? Things you wish you knew or did before starting?
Edward M -> Michelle22There are so many social activities going on... especially when school starts. Don't be afraid to take it easy and stay in for a night everyone once in a while :)
BB21091844 -> Alex SI was wondering if any of you could speak to how your experience at booth has influenced your future a career plans
Alex S -> BB21091844One of the great things at Booth is the variety of opportunities and quality of our career services staff. When I got here I was undecided between pursuing consulting or marketing/brand management, but between the quality of the companies that recruit here and the preparation process (from both the staff and 2nd year students), it didn't seem like a huge struggle to go through the recruiting process. As for the future, I'm going into consulting this summer (and hope to have an offer), but it's difficult to say what my long term plan is (mainly because of the consulting industry). I'd love to make a career out of it, but, if not, I'd probably end up back in marketing.
Edward M -> EveryoneAlso, re: things I wish I knew -- Take the time to see all the neighborhoods Chicago has to offer. They are amazing!
Friecy.S -> Ignacio VHi Everyone. I am Friecy from Indonesia. This is my 1st interaction to Booth Can you share about the diversity life in booth ? (This include chance for getting to any club/scholarship/project/recruitment,etc) specially for international students ?
Ignacio V -> Friecy.SHi Friecy.S!, Booth is extremely diverse. You have people with completely different backgrounds, ranging from a food truck owner, to a professional filmmaker, an MLS star and a youth world chess champion. Countries from all over the world are extremely well represented also. When you first come in, you'll get an opportunity to join any of the different clubs in campus that promote this diversity. There are dozens of clubs with a varied range of interests, mostly divided by hobbies (Soccer Club, Running Club), professional focus (BoothTech club, Entrepreneurship and VC Club, etc.) and regional focus (Latam, European Business Club, etc.). As an international student you will have access to enjoy all the different activities each group promotes. It's a really great experience.

Here is a link to all the clubs. http://www.chicagobooth.edu/programs/full-time/student-experience/beyond-classroom/groups/ Feel free to reach out to any you may be interested in to elarn more about them.
2015 -> Craig CHi All, what is your typical day like between classes, life and extracurricular activities?
Craig C -> 2015The definition of a typical day definitely changes throughout the year. During recruiting, a lot of my day was dedicated to applying to jobs, writing cover letters, preparing for interviews, and writing thank you notes. When recruiting is less hectic, school seems to pick up such that days are filled with class, study groups, working on projects, and getting to know classmates better. There are always social events or extracurricular activities going on during lunch or in the evening as well, so the typical day in business school is extremely busy!
AHur -> Alex SHi. For students interested in recruiting for consulting, do you recommend doing any prep work on your own (interviews, case questions, etc.) prior to the formal recruiting process?
Alex S -> AHurHi AHur. I would say absolutely not! The school does a great job protecting you prior to recruiting (companies aren't supposed to contact you until late October), and other than contacts you may have prior to starting at Booth, companies come here excited to meet Booth students. In terms of preparing for consulting, the Management Consulting Group does a great job preparing you with case prep, and a few consulting firms do case competitions early in the year. In addition, career services does a great program in the winter (winterview) to prepare you for the fit portions of the interview. Starting case prep too early can be dangerous as you'll end up sounding over rehearsed, which will hurt you more than any additional prep may help you.
ChrisRyanSmith -> Darren SCan you describe a standard "Monday" at Booth? Would love to hear how you fill your full day.
Darren S -> ChrisRyanSmithHi Chris, I actually don't have class on Monday this quarter so I'll tell you about a standard Tuesday instead since that will probably be more interesting. I only have one class in the afternoon on Tuesday, so the morning is usually devoted to working out, eating breakfast, and reading for class. I then head down to Harper for a lunchtime review session for my Investments class, followed by an afternoon class from 1:30-4:30pm for International Commercial Policy (a super interesting class about how and why countries trade). After class I usually head back home to the South Loop and meet up with my Marketing Strategy group to prepare for the next day. Then I'll make some dinner, talk with my wife and get ready for my busiest day of the week ... Wednesday.
RajeshY -> Tyler KThanks for taking time to answer our questions. Could you please share more about the flexible curriculum.
Tyler K -> RajeshYHey RajeshY, The flexible curriculum is definitely one of the things I like best about Booth, because it really lets your build your education around what you want to study and learn, and you can take classes that are challenging and new rather than being forced to repeat topics you may have already seen. Each student takes the three foundations (accounting, economics, statistics), and six courses from seven general categories (there are a variety to choose from. The rest of your classes are up to you! More information here: http://www.chicagobooth.edu/programs/full-time/academics/curriculum
Archit -> Steph KI understand that Booth has cohorts for the LEAD class. Do these cohorts continue to engage during the rest of the 2 years through extracurricular / social events?
Steph K -> ArchitYou're correct. The LEAD class, which lasts from orientation through the first half of your first quarter, is organized by cohort. In prior years, cohorts would typically interact more informally throughout the year. Starting this year, however, there has been a big push to increase the presence of cohorts on campus. One avenue through which this has occurred is through the Cohort Cup. It's a year-long, cross-cohort competition in which cohorts compete in things like volleyball, bags, basketball, scavenger hunts, trivia, etc. It's a great way to bring the spirit of the cohort to campus. In addition to that, there are still many informal cohort events, both sponsored through Booth and just through cohort members. I love hanging out with my cohort. There are tons of events that happen through the rest of the two years, including events to bring together 1st and 2nd year cohort members.
Archit -> Alex SHi All. Thanks for organizing this chat. It would be great to have the perspective of current students on how the fact that Booth is in Chicago enhance their experience?
Alex S -> ArchitHi Archit, Chicago is an AWESOME city, and Booth tends to take advantage of what the city has to offer. Early last year, the graduate business council created a city-wide scavenger hunt as a competition between the cohorts. In addition, many of the club and recruiting events happen at the great bars and restaurants across the city. Probably the coolest thing Booth does is the Booth Bucket List, where students submit ideas for things they'd love to do in Chicago, and then groups of Boothies head out and do it! On top of that, you and the friends you meet will have a great opportunity to explore the city on your own.
jaylamon -> Gabby CHi, I'm in the process of applying for the Fall of 2015 and my question is more general. What is one thing you knew about Booth that you wish you knew?
Gabby C -> jaylamonHi Jaylamon, I was one of those people...probably like yourself that really did a lot of digging into what schools I wanted to apply to. The most important thing I learned about Booth during the admissions process is take the time to get to know current students on top of what the program is like. I chatted with a handful and it's what sold me on Booth. As far as what I wish I knew when I got to Booth, I wish I had talked more to the co-chairs of clubs in the summer to learn more about some of the MBA Conferences that happen in the Fall.
henriso -> Craig CHello, I'm curious about how early in the process it is necessary for students to identify their field of interest. From what I understand, banking and consulting interviews begin pretty early in the first semester.
Craig C -> henrisoThere is a 6 week window after classes start during which no recruiting happens for first years. During this time there are a lot of career services and club events to help you do some career exploration. Banking and consulting do start recruiting as soon as that 6 weeks is over, but you will still have some time before the application process fully begins. It's also extremely helpful if you can do some searching to figure out what you want to do before you start school. This will help you prepared to make career decisions once recruiting begins.
henriso -> Tyler KThank you for answering our questions. How easy do you find it to reach out to Booth alum in your fields of interest? Have any of you had experience networking with alum abroad, particularly in Asia, and can you please share your thoughts on that?
Tyler K -> henrisoHi Henriso, I have found that Booth alums in general have been very easy to reach out to, and that career services puts on programming specifically around how to find alums at specific companies and places that you want to reach out to, and how to reach out to them. I have had success connecting with U.S.-based alums, but I know from my classmates that they have had success networking with alums abroad (including in Asia) as well.
jswilson -> MeghanBetween now and the application due date, when is the best time to visit Booth? Are there any specific activities that gave you a greater insight into Booth when you visited?
Meghan -> jswilsonjswilson: We are open for visits all year round. In the summer, we host abbreviated visits, since our students are away on their internships and there are no classes. During the school year, visits include Q&A and lunch with students as well as a class visit. We also offer special all-day events called Booth Live. It's definitely beneficial to visit while preparing your application, as the experience will not only help you answer questions but also provide a personal connection for you with Chicago Booth. Here is a full menu of our visit options: http://www.chicagobooth.edu/programs/full-time/admissions/visit
sahil_bahri -> Ignacio VHello Everyone, Thanks for taking the time out. My question is for Ignacio on recruiting. a) did you only target product management roles or did you have a plan B as well? b) 3 months ahead of joining Booth, what preparation would you suggest for tech product management recruiting
Ignacio V -> sahil_bahriHi Sahil,

I targeted various roles within tech firms. Some of them, such as Google look for very technical backgrounds for their PM roles, so you would need a computer science degree or proven knowledge on coding and other areas to recruit with them for a PM role. Others, like Amazon, TripAdvisor or VMware do not care as much and are open to any background for their PM positions.

In those companies that were highly technical I targeted other roles such as Operations and Marketing. The good thing is that most of them offer a varied range of roles you can apply to and it is easy to adapt according to your prior knowledge. That was my plan B.

For your second question, I would suggest to start looking more in depth into the companies and the specific industry you want to get into. For example, if you want to work for a travel tech startup, it is important to have a good idea of what are the major trends in the industry, what are companies doing, what type of roles they have, etc. It will give you a big advantage when recruiting comes around. Once you get here, you'll have access to a very large alumni network that you can reach out in almost any tech company; you can take advantage of that as soon as you get here to interact with people in these companies and share your thoughts / network with them. This is also very useful when recruiting comes around.

Good Luck!
Archit -> Suzi SBooth stresses deep engagement, questioning and curiosity. Could you share your experience about such a culture in and outside class? And how did you benefit from that?
Suzi S -> ArchitThank you for the question, Archit. Engagement, questioning, and curiosity are definitely characteristics of Booth inside and outside of the classroom. In class, it is really nice to be in such an environment because I learn through my classmates. They challenge me to think more deeply and to challenge my own assumptions. Faculty are very welcoming of questioning and curiosity. Outside of the classroom, Boothies are curious to explore the world through travel and our entrepreneurs question whether there are better ways of doing things. These are just a few examples of how engagement, questioning, and curiosity permeate our culture.
Vardhaman -> Steph KHi,LEAD sounds interesting. Can anyone share some details about it?
Steph K -> VardhamanLEAD is "Leadership Effectiveness And Development" course that you take starting during orientation and continuing through the first half of your first quarter on campus. It's a class dedicated to developing leadership skills that you can practice and apply throughout the rest of your education and life on-wards. For LEAD, the first-year class is divided into cohorts (groups of 60 or so) that meet 1-2 times per week to talk about different aspects of leadership. Each cohort is then subdivided into groups of 6-7 (what we call squads), to have a more intimate setting for discussions and role-playing. It's a great way to learn key leadership skills, understand your own leadership tendencies, and build an action plan to practice specific skills over your time at Booth.
SSarma -> Alex SHello Alex - I'm planning to pursue a major in Entrepreneurship - could you perhaps speak to some of the interesting classes you have taken in this area as well as your other experiences in Entrepreneurship at Booth? Thank you.
Alex S -> SSarmaHi SSarma, Craig Wortmann's class is awesome! He teaches Entrepreneurial Selling, and it was easily one of my favorite classes I've taken since I got here. In terms of other experiences, there's the New Venture Challenge (and Social New Venture Challenge), where groups of Boothies submit business plans and compete for funding (previous winners include GrubHub). The best part is that with our flexible curriculum, you can create the best possible combination of classes to set you and your company up for success.
Susan_S. -> Darren SWas their any guidance from career services or other resources to help with the flexible curriculum and recommend what would be most advantageous to for your career aspirations?
Darren S -> Susan_S.Hi Susan. Academic services is extremely supportive in the class selection process, as are second year students. You can also find reviews about individual classes and professors through the course search page (which you'd have access to as an admitted student). But ultimately you get to decide what you want to take and what would be most beneficial for you. For me, being a career switcher going into consulting, this meant taking classes where I would gain hard skills in statistics, excel modeling, and competitive strategy.
Derrick -> Edward MAll, how often do you interact with professors outside of class? Do they invest anytime outside of class to meet with students?
Edward M -> DerrickHi Derrick, It really depends on the relationship you build with the professor. They make time for you outside of class if its needed. Its also depends on the class. A lot of them have office hours for the purpose of meeting with students. Each class also has a teaching assistant (2nd year or PhD student) who helps with answering questions.
Michelle22 -> Craig CFor those who have spouses/families, could you speak a bit about how you balance time between school, extracurriculars, recruiting, and family?
Craig C -> Michelle22Having a family at business school can definitely be a balancing act! I'm married with two kids and one more on the way, and I can tell you that it takes a lot of prioritization and support from your family. For the most part I find it helpful to try and silo my day so that I focus on school/recruiting/club activities while I'm on campus, and then I can spend time with family when I come home. This obviously doesn't always work out (especially during recruiting or midterms), but you just need to find your own balance based on your priorities.
suh -> Gabby CIf any of you participated in off campus recruiting for internships, do you have any advice for how to reach out to those companies and how soon to reach out? There's a couple companies I'm interested in that likely won't be on campus this fall.
Gabby C -> suhHi Suh, I did do some off campus recruiting, mostly for sports and entertainment companies. I reached out to some of them in the summer and some of them in Fall. It all depended on when their internship deadlines were. However, it's never too early to set up a relationship with a company. It's best to feel out how often a particular company would like to keep in touch. Some companies are high-touch (meaning the more you talk to different people in the company, the better) and others are not. But if you already have a targeted list of companies, you're on the right track!
sushain -> Ignacio VHow helpful is the career services at Booth? How have they helped you? Thank you.
Ignacio V -> sushainHi Sushain,

Career Services here does a truly awesome work. From the first day you arrive to campus, you will be invited to presentations that cover different industries you may be interested in, as well as one to one counseling sessions where they can personally help you find your passions and guide you through the recruiting process.

They have a very large network of contacts and can help you reach out to almost any company you can think of. They also organize dozens of events throughout the year with companies that come to campus and recruiting sessions.

Personally, I have been very close to career services through my work for the technology club. They come with us on a tech trek we have every year and we are now working on creating ties with smaller companies that do not have established MBA recruiting programs (Uber, Dropbox, Netflix, etc.). A great thing about Booth is that the work of career services together with the strength of our alumni network makes almost any company accessible.
sahil_bahri -> Steph KThis might vary with personal interest, but if you had to pick one class that you liked the most which one would it be and why? Thanks for taking the time out to answer!
Steph K -> sahil_bahriGreat question! This will definitely vary by person. My friends and I have different favorites. It's hard to narrow down, but I would have to say one of my favorite classes is Pricing Strategies with JP Dube. It is a class focused on understanding the different pricing strategies that firms either use or should be using and how that has impacted their overall strategy and performance. Not only is the topic incredibly interesting and relevant across nearly every industry and field, but the class itself is incredibly dynamic. We have case discussions weekly, and JP is an incredibly engaging professor who is leading his field. One of the other classes I thoroughly enjoyed was Entrepreneurial Selling with Craig Wortmann.
JDelich -> Edward MHi everyone and thanks for hosting this. Do you feel Booth and job recruiting tends to be Chicago focused? Or is it up to you and the firms you pursue?
Edward M -> JDelichHi JDelich, recruiting is definitely not Chicago focused. Most students leave Chicago for internships and full time offers. I personally recruited for London, SF and New York. Most big firms that do any type of campus recruiting recruit here at Booth. You decide where you want to recruit.
Derrick -> Alex SAlex, I see you use to work for Technomic and I myself have used your data since I work for Solo Cup. We have similar backgrounds and from the looks of it similar career goals (i.e., your internship). Given your career track and future goals, what were you looking for in a school and what drew you to Booth in the end?
Alex S -> DerrickHi Derrick, Glad to hear you were using our data! I was an undergrad here at the University of Chicago and took classes at Booth before I graduated. From those experiences, I knew I wanted to stay here for my MBA. In general, Booth was great for me because I wasn't completely sure where/what I wanted to do this summer, I could take classes across a wide variety of fields to figure out what I want to do.
Gerald_Mason -> Suzi SHello.Thank you again for your comments. If a student wants to enhance their leadership and persuasion skills, which resources should they prioritize?
Suzi S -> Gerald_MasonThank you for your question, Gerald. Leadership and persuasion skills are addressed directly through our LEAD program, which engages students through interactive and reflective group activities. Also, both leadership and persuasion are topics frequently discussed in our management classes. Finally, most Booth students have leadership experience through co-chairing clubs, organizing events, etc. Although I am only a first year student, I feel like my leadership and persuasion skills have been enhanced greatly at Booth.
NJ -> Craig CHI, can you tell me what are the opportunities for the partners of the students?
Craig C -> NJBooth has a great organization for partners that includes social events, career networking and job search help in Chicago, activities for partners with children, and general activities to help partners explore Chicago. Partners are also invited to attend a lot of Booth social functions (including LPFs on Friday) and outside of school social functions, so there's always something for partners to be involved in!
bmaslar -> Tyler KWhat recommendations would you make for classes this first fall semester? I've heard some say take 3 courses to re-acclimate to academic life and focus on recruiting, but I’ve also heard take 4 to show recruiters you’re driven (and other benefits). Also, how common is it for someone to “place out” of the 3 basic accounting, economics, and statistics classes? If I have and BA in economics and do business statistics for work, would it still be a good idea to take the intros to refresh? Or should I try to push myself that first semester and take more advanced classes? Thanks!
Tyler K -> bmaslarAlmost everyone takes at least the three foundations courses in the fall quarter. There is no placing out of econ, stat, or accounting, but there are higher-level courses you can take instead if you're already at a certain level. For instance, I was an economics major in college, so I took Accelerated Microeconomics instead of the intro class. Different people have different takes, but my feeling is this: you only have 20 courses at Booth, and you want to get as much out of them as you can. Taking a course that is review to you means that you're not getting as much out of your Booth education as you can.

About 50% of first-year students take 3 classes, and about 50% take 4 classes during the first quarter. I strongly recommend taking three if you're planning on recruiting for consulting or investment banking. I was totally unprepared for amount of time those recruiting processes would take. I myself took 4 and wish I had taken 3 for that reason. Otherwise, taking four is fine. Recruiters will not know how many classes you're taking in the fall quarter, and everyone will have taken 10 by the time they start their summers anyway.
Moderator -> EveryoneWe are almost half way through the chat and have had great questions so far. Please continue to submit your questions related to Student Life! We will try to answer all of them today.
bhaskardkulkarni -> MeghanWhat sort of positions do the technology companies like Amazon, Apple and Microsoft recruit for from Booth?
Meghan -> bhaskardkulkarnibhaskardkulkarni: Our Career Services department creates a public report that shows where students go post-Booth that might be helpful to you here: http://www.chicagobooth.edu/employmentreport/docs/2012-2013-Employment-Full-Report.pdf
trek -> Darren SHi everyone, how do Booth students split their time among academics, hobbies and clubs and recruitment activities? Are social activities more on the weekends? Thanks
Darren S -> trekPart of the beauty of the flexible curriculum is that you get to decide what classes you take and when. This means you get to decide, to a large degree, how you want to split your time between academics, club activities, and recruiting. However, recruiting (at least for consulting) does occur more in the fall and early winter, and you will definitely be more busy for classes around midterms and finals, and social activities occur mostly on Thursday-Sunday, but there are really social activities going on all the time at Booth.
emasters -> Alex SAlex, I am also somewhat undecided between two different fields (VC and Quant Finance/Risk Mgmt), how did you go about explaining your situation during the application process? Do you believe Booth caters better to one of those fields?
Alex S -> emastersHi emasters, to answer your second question, I don't think Booth caters more to one or the other. While we're obviously known for finance, the quality of the entrepreneurial program will certainly help you with VC. One issue you'll run into is the timelines for recruiting. The VC and PE firms typically recruit very late into the process, and it's tough to have a backup plan if VC is your primary goal (the same thing happens to a lesser extent with consulting and marketing). Career services and the professional clubs will do anything and everything you need to be ready to recruit for whatever career you pick. During the application process, it's totally up to you how much information you share with companies recruiting. If you're still worried about it, I'd suggest taking Strategies of Negotiations as soon as possible, as it's one of the things we talked about during class!
RajeshY -> Steph KThanks Tyler. A question in general, what is the usual size of a class and are there minimum grade point criteria etc for certain classes. Could you please point me where I can get such information.
Steph K -> RajeshYA typical class ranges from 45-60 students. Depending on how specialized the class is, it can be even smaller. In some these classes, you will also work in a group (for homework and projects) or form a study group to review class material. As for class requirements, there is not a minimum GPA cutoff for any class. Some classes do require the completion of an earlier course (i.e. Investments in order to take Corporate Finance). In those cases, if you believe you already fulfill those requirements from prior studies or work experience, you can easily get permission from the professor to waive the requirement.
BB21091844 -> Steph Kis there time/opportunity to also take on a research project with the faculty?
Steph K -> BB21091844I personally have not done a research project with a faculty member; however, I do know of some current students who have done "independent study" type of work with one or two faculty members. Also, if you are looking for a deeper connection with faculty outside of the classroom, TA-ing classes is also an option.
Archit -> Edward MHi Edward. I too intend to pursue a career in Investment Banking post-MBA. Which finance classes did you enjoy the most? Did you build close relationships with any finance professors during your first year?
Edward M -> ArchitHi Archit, I had no finance experience before Booth. I feel like i've just finishing up the basics (Accounting, Micro, Footnote Accounting, Money and Banking, Financial Statement Analysis and Corporate Finance) this year and will get to the super exciting stuff next year. All the above mentioned classes have been great and I've learned a lot. I've had great relationships with my professors during the year. I bid on a photo with Fama during the Spring Fling Silent Auction and won. I met him last week. That was really cool!
Vardhaman -> Suzi SHI, Can you please share your learning experiences in Kilts centre for marketing?i would like to how can we incorporate these research centres into the flexible curriculum which BOOTH offers.
Suzi S -> VardhamanThank you for the question, Vardhaman. One of my favorite experiences at Booth was the Kilts Quantitative Marketing Competition, which was co-sponsored by Kraft. Our team was given a case on a Kraft product, which included a lot of data, and we had to make recommendations to Kraft executives. It was a blast and I learned a lot. The Kilts Center also sponsors many speakers and manages a mentorship program. Finally, the Kilts Center houses data that our faculty use for research. We often see the outcomes of the research in the classroom. It's really nice to see the latest research presented in class.
Sruti -> Gabby CHi, thanks so much for taking questions. Would you mind sharing a bit about your experience living in South Chicago? Do you have regular opportunities to leave campus and explore the rest of the city with other students?
Gabby C -> SrutiHi Sruti, I've found that no matter where you live, people are always looking to explore Chicago since a lot of us aren't from the area. You'll often find people on the Facebook group posting about checking out a new restaurant or hitting up a show/concert.
RajeshY -> Ignacio VCould you please share various experiential learning opportunities available at Booth for Tech/Entrepreneurial oriented students apart from regular internships
Ignacio V -> RajeshYHi Rayesh,

Experiential learning opportunities are varied. Both the Entrepreneurial and Venture Capital Club and the Technology Club do a lot of activities throughout the year to foster these areas within the Booth Community.

The Tech club hosts a Tech trek every year and a conference where you get close to several tech companies and see in person their latest gadgets and work. The Entrepreneurial Club is also really interesting as they host several one weekend "create your startup sessions" where they will give you access to resources to develop your ideas. The Polsky Senter has countless resources for creating, brainstorming and sharing ideas every quarter, with the New Venture Challenge competition being the most important activity in the year. Be sure to check it out.

There are also demonstrations, lunch and learns and other activities on campus every week where you get access to experiential activities. The tech club is doing soon a 3D printing session and a "fly a drone" session which will be quite cool. You'll find Booth a great place to not only learn but to apply and develop the knowledge you get.
Walter -> Tyler KObviously interested in Booth...I'm curious--were the reasons you chose Booth vindicated upon enrolling and going to Booth? Biggest surprises?
Tyler K -> WalterEverybody has their own reasons for choosing Booth, but I personally liked the people I've met here, the sense of community, and the academic rigor of the school. Booth has certainly lived up to my expectations in all three of these areas. This maybe shouldn't be a surprise, but I have found the classes and professors to be very exceptional, and also challenging.
Dave -> Alex SCan you talk about the different types of teaching methods at Booth, including the frequency that different methods are used?
Alex S -> DaveHi Dave, I don't want to dodge your question, but a lot of the different teaching methods will be up to you (that's the best part of the flexible curriculum!). In general, many of the more "core" concepts will be straight lectures (Accounting, Investments, Micro), but even in those classes you do get an opportunity to do a few different case studies. More conceptual classes (like Competitive Strategy) will use those core concepts but will focus almost solely on case studies. Other classes will be more tactical in nature (Data Mining) which is case-based, but is really more about making sure you understand concepts. Finally, there are lab classes that are completely experiential learning where you'd help a real company with a real problem. Typically, students will try to mix and match the different types of classes taught each quarter, but again, it's totally flexible and there's a ton of data available to help you find the perfect combination each quarter.
EMoulson -> MeghanThank you all for taking the time to answer questions! I am looking at Chicago Booth Live and wondering if any current students attended this before applying. How did it help you compared to a basic campus visit and would you recommend it for incoming applicants?
Meghan -> EMoulsonHi, EMoulson: I'm answering, as none of the students joining us today actually participated in this event prior to applying. Chicago Booth Live is a great way to have a deeper experience in terms of engaging with our community, hearing from our faculty and getting your admissions-related questions answered. It's a great way to network, and in addition to the academic perspective, it's fun - you end the day with a "liquidity preference function" (LPF).
JDelich -> Edward MDid any of you enter Booth with above average (5+) years of work experience? How do you feel that helped shape you better for the rigors of Booth?
Edward M -> JDelichHi JDelich, I entered Booth with more than 5 years of work experience. I was an officer in the Army, worked in Finance, worked in the film industry and now I'm here. I really think that having more work experience -- and just life experience -- is always helpful. All your experiences will shape the way you see and interact with the world.
Cliff -> Darren SCan any of you speak to experiences with Polsky center? How are students not focused in the track mingled in with those focused in E&I if at all? If one isn't pushing developing their own business idea and are on a team helping others develop their dream, is it typical to rotate on "projects?"
Darren S -> CliffHi Cliff. The Polsky Center is extremely supportive if you're interested in starting a business, but there is also ample opportunity to work with other people who want build their own start-ups, through the New Venture Challenge (and Social New Venture Challenge). These are usually major time commitments though and it would be difficult to work on multiple projects at the same time. Also, everyone usually takes classes together and people interested in entrepreneurship are completely integrated with everyone else at Booth.
Sruti -> Gabby CAnother question for Steph, Gabby, et al - can you talk about your experience with women's connectivity at Booth?
Gabby C -> SrutiSruti- there are lots of ways that the women at Booth connect. There's of course CWIB and they host all sorts of events, both career and social events. But we hang out just because. I have a standing Ladies' Dinner with friends here...you know for appies and to wear wedges =P
sahil_bahri -> Craig CThanks for your answer pertaining to partners Craig. What sort of help does Booth offer with job search? Is there any resource that we can reach out to before moving to Chicago to get a head-start on my partner's job search
Craig C -> sahil_bahriThe Booth Partners club has a whole group that is dedicated to helping partners find jobs. They do resume reviews, mock interviews, networking activities, etc. and I think they have a pretty strong success rate. Below is a link to the Booth Partners webpage about finding a job in Chicago. Also, feel free to reach out to the co-chairs of the group if you have additional questions! http://student.chicagobooth.edu/group/chipart/careerservices.php
trek -> Steph KHi, What advise would you give for career changers applying to Booth? Thanks
Steph K -> trekHi Trek, I was also somewhat of a career changer. I was in consulting prior to Booth (primarily in CPG) and am transitioning into product marketing. There are lots of other career changers, as well. The best advice I can give you is to have a general idea either of what you do (or dont!) want to do, which will help tailor your research and conversations a bit when you get to campus. I personally found the 2nd years and fellow classmates to be a great resource during the first several weeks on campus. They helped me narrow down industry choices, as well as get up to speed with the basics I would need to know for recruiting. One great part of our resume database is that you can search for someone who was in your field and had transitioned to the role you're looking for! That way you can get very specific information from someone who already made the same switch. All in all, I found that talking to people around me was the best way for me to be prepared. (Just to add - there are also many career and group sponsored events on campus that provide information on functions, industries, etc. that are incredibly helpful, as well.)
jaylamon -> Edward MI'm planning to transition from science to either finance or general management. Among your classmates, do you meet a lot of career switchers?
Edward M -> jaylamonHi Jaylamon, Most students at Booth are career switchers. From an admissions standpoint -- about 85% enter school with the intent to change careers -- from marketing into finance, from hedge funds into Entrepreneurship, from the Arts to Finance... anything you can think of someone will be doing it.
Matt_D -> Tyler KWere there any unique elements of the Booth admissions process that stood out to you in a positive or challenging way?
Tyler K -> Matt_DOne of the things that stood out about the Booth application for me, was the opportunity to create a four slide powerpoint in telling my story, rather than just writing another essay. I felt it gave me an opportunity to get my story across in a different way that I could on other applications. (Disclaimer: I know that the application questions are always being reviewed, so I do not know if the powerpoint will be available as an option going forward, but it is something that stood out to me). I also was waitlisted, and as part of that process was able to submit a video update to the admissions team. Those opportunities to really show who I was and what I was doing I think made a difference in my admission to Booth, and stood out from other applications that did not give me those chances.
sahil_bahri -> Ignacio VThanks for your detailed answer Ignacio. Since you have also have your own start-up, did you get a chance at Booth to work on expanding it or to explore a new idea? Do students get time to collaborate/intern with Chicago based start-ups alongside their regular classes?
Ignacio V -> sahil_bahriSahil,

For my startup, the most useful thing at Booth has come from a finance perspective in learning how to scale it up and look for outside investors. I'm currently working with a restaurant here in chicago called Farmhouse that is looking to expand from 2 locations to around 15 in a short amount of time. It has been very interesting as I've been able to see up close how other restaurants are run and what Private Equity companies and VC's are looking for in terms of returns, pitch decks, and concepts.

I think that whatever your startup is, you will get plenty of opportunities to connect with other companies in the area while you are here at Booth and either see what they are doing or even helping them out. Most Booth alumni will help you out if you need any guidance around an industry they are working in, and the Polsky Center will connect you if you need help making a connection.

Finally, a lot of my friends are interning with Chicago based startups; there is an incubator called 1871, where a lot of startups are located and you get plenty of chances to meet them and collaborate throughout the year. You can normally balance out interning in a startup with your classes, as long as you don't go overboard and try to do more hours per week than what your class schedule / homework demands.
sushain -> Craig CIs there a bid system to get classes of your choice? How does it work? Thank you.
Craig C -> sushainWhen you come to Booth you are given an allocation of points with which to bid on classes (you earn more bid points as you complete classes). Prior to the beginning of the quarter you are given access to professor ratings, historical bid prices for classes, and the syllabus for classes you are interested in. With this information in hand, you then allocate bid points to the class/time/professor that you value most. The price that everyone actually pays for the class is determined by the lowest winning bid for that class. Academic services does a whole presentation on the process once you get on campus to help you get a better understanding.
Jimmy -> Alex SCan you comment on the advantages of having a flexible curriculum? How did that help prepare you during your job search? If you have to, what are some of the downside of a flexible curriculum?
Alex S -> JimmyHi Jimmy, the flexible curriculum is one of Booth's biggest advantages. You can take whatever you want and focus on exactly what's most interesting to you. That said, you don't have completely free reign over everything you take (everyone takes Micro, Accounting and Stat, and you have to take 6 classes across 7 different disciplines and everyone takes LEAD). This allows you to take whatever you need to make you the most attractive candidate possible. For example, I've tried to get a mix of tactical things that will help me now and a broad perspective of things that will help me over time (i.e. Data Mining will be great for my summer internship and the next few years, but Managing in Organizations will be great when I actually have to start managing rather than producing). It'll be more up to you to find the mix that works best for you (but, in the end, that's better than someone else dictating exactly what class you should take)!
suh -> Steph KI have a followup to the question asked by bmaslar. What about internship recruiting for marketing? Is it generally better to take harder classes in the fall or in the winter? Thank you for taking the time to answer all our question!
Steph K -> suhHi Suh! I mean to dodge the question, but it really is personal preference. I was recruiting for marketing and took 4 "fundamental" classes (Micro, Accounting, etc.) in the fall and then three classes in the winter. Winter, regardless of what you're recruiting for, is definitely a busy quarter. As for the fall, it is a matter of finding your personal preference for how many years you've been out of school, how much career information gathering you'll be doing (career switchers typically have more to do here), etc. Marketing recruiting starts a tad later than consulting/finance, which means you'll have a bit more time to get used to everything (but it's still busy!)
Derrick -> Darren SAll,Given the flexible curriculum, do you find it difficult to form lasting friendships with other students?
Darren S -> DerrickHey Derrick. I had this same concern when I came to Booth, but I can honestly say that I have formed many lasting friendships with other students at Booth. Here are just some of the ways you can build relationships: 1) Random Walk- an amazing way to get to know people before you even start 2) LEAD- you're given a small squad of 7 or 8 people and a larger cohort of about 60 people that you get to know really well 3)Student Groups- for me this was the Business Solutions Group, where I worked on a real consulting project for 10 weeks with 4 other students 4) Recruiting- when you're going to same recruiting events every week you get to know the people you're recruiting with extremely well 5) Classes- you can still take classes with your friends and form study groups, and this is another way to form close relationships at Booth.
Jimmy -> MeghanSince most students are not on campus during the summer, how would you advice us to gain more knowledge on the culture of Booth? How do we get connected to current students before Round 1 application is due?
Meghan -> JimmyHi, Jimmy: There are a number of ways. You can still visit campus to meet an Admissions Director and tour the building. We also host a number of global events over the summer; some are Admissions-hosted, and some are hosted by current students. Please check the events page (http://www.chicagobooth.edu/programs/full-time/admissions/events) for more information on that. Finally, our current student bloggers will be writing about their experiences over the summer on The Booth Experience: http://boothstudents.blogspot.com/.
henriso -> Gabby CHi all, what would you say is the biggest difference between what you expected when enrolling at Booth and what the reality of the school was? Also, if you could change anything about your experience at Booth what would it be? (for example: class format, interaction between classmates, recruiting, social/academic life, etc.). Thanks again, this has been wonderful!
Gabby C -> henrisoHi Henriso, I think the difference between what I expected business school would be and its reality is how on-the-go I am. I worked for 9 years before coming to school, so I was use to being on email constantly and working odd hours because of my job at ESPN. Life at Booth is a different kind of busy, but busy in a good way! Don't think I'd change anything about my Booth experience..probably because I've been so involved in everything from the start! Your experience at Booth is what you make of it. I chose to jam pack my calendar.
Moderator -> EveryoneOur chat will be ending in 10 minutes. Please submit your final questions so we can answer all of them!
Taha -> Craig C @CraigC: Do you pay for extra bid points?
Craig C -> TahaNo. You get 8,000 when you start school and then get another 2,000 for each course you complete. There's no actual monetary value to the bid points.
RajeshY -> Ignacio V @Ignacio: Truly amazing!! Does career service help to connect interested students for job/internship offers with advanced stage startups (or even early stage startups).
Ignacio V -> RajeshYRayesh,

Career services puts at your disposition a list of contacts that range from alumni, to recruiters they have established connections with in each company. There is always the chance that a contact has never been made and they will work with you to find ways to reach out. Some of their resources help you identify people in each company (emails, interests, roles, etc) to make a connection. It gets a little tricky when a first contact has never been made as recruiting is much harder than from other large companies that normally come to campus. You have to push hard to make the connection and then figure out how to bring value to these companies to find an internship or full-time position.

There are several events during the year that help with recruiting for startups, specifically two startup networking nights where around 80 startups come to campus and you can network with them and inquire around opportunities in them.
Gerald_Mason -> Alex SHello. Can someone identify some of their biggest lessons learned at Booth. Also, could someone describe a situation in which Booth completely exceeded their expectations? Thank you.
Alex S -> Gerald_MasonHI Gerald_Mason, I think the quality of the students is the biggest surprise. It's amazing what your classmates will know, can do and will teach you. In terms of the biggest lesson, I'd say LEAD is probably the most amazing class/set of experiences. The class is taught by 2nd year students and the amount of time and thought put into each lecture is incredible. It's definitely one of the best lessons at Booth!
Sergio -> Suzi SHi! Do you have classes on weekends?
Suzi S -> SergioHi Sergio. Typically, full-time students take classes during the week. We can gain access to evening and weekend classes, although evening and weekend students have priority in the enrollment process. Many students take advantage of this option at some point.
Tan -> Edward MHi Edward, I was wondering if Booth had a fairly strong and helpful veteran group at the school?
Edward M -> TanWe are super tight. All the Vets look after each other and are among some of my best friends. If you want more info please reach out to any of the Armed Forces Group co-chairs: http://student.chicagobooth.edu/group/afa/contact.htm
Larry -> Gabby CHi everyone! Thank you for taking time to answer our questions. How big of a role have clubs played in preparing you for recruiting? What kinds of support do they provide to students during the process?
Gabby C -> LarryHi Larry, the professional clubs offer A LOT of support in the recruiting process. This is especially true for career switchers. The professional clubs offer resume reviews, interview preparation and chances to meet with companies. The other thing the groups provide is a chance to connect with second years who are an invaluable resource in the recruiting process. They can tell you what to expect when recruiting etc. There's a pay it forward culture here, each preceding class helps the incoming class.
Taha -> Steph KHow many Extracurricular clubs are too many during the MBA?
Steph K -> TahaHi Taha, tough question! It's all about finding the right balance of career-related and other clubs. I'm a member of 6 different clubs, and it's a lot! (And there are still clubs I would love to join, like the Epicurean and Wine clubs). I'm currently in Marketing, Tech, Corporate Management and Strategy, Chicago Women in Business, Give Something Back & Volleyball. I would say definitely join the 1 or 2 career related clubs for the area you are interested in (be it industry specific or function specific). They are INCREDIBLY helpful in getting you set for recruiting. On top of that, it is a lot of fun to join some of the more social clubs in whatever areas you are interested. Just remember that the more you join, the less time you'll spend with each one. :)
trek -> Alex SHi, do students recruit for multiple streams eg. investment management (previous experience - career advancement) and Management consulting ( career change) ? How do students handle this?
Alex S -> trekHi Trek, I think every student in this chat would advise against going for banking and consulting. It's not that you can't do both, but the time constraints will be enormous and your sanity will suffer! Banking and consulting are also on different schedules - you'll end up with an offer in banking before consulting, which makes things difficult to manage. I started here undecided between consulting and marketing, and honestly should've just focused on consulting (and marketing events don't last anywhere near as long as banking events). Try to think about what will really make you happy and focus most of your efforts there. You'll have a better time and will likely be more successful wherever you end up.
RajeshY -> Ignacio VThanks again Ignacio. A general question: What are some of the fun-filled Clubs apart from regular career oriented ones?
Ignacio V -> RajeshYI'm part of the Soccer Club, the Running Club and Photobooth, which promotes art and photography among Booth students. There is basically a club for any sport you may like. There is also a Food Club that is really interesting and goes around Chicago trying different restaurants each quarter. The Wine Club is fun as well.

If you can't find a club around a topic you like there is always the possibility of creating one yourself. This year a club called BoothHacks was created to teach coding to other Booth students.
RajeshY -> Darren SHow has been the recruiting in strategy consulting? And for career switchers especially with a long experience in tech, would the move to strategy consulting be difficult
Darren S -> RajeshYHi Rajesh- Recruiting for consulting is a challenging process that involves writing a strong resume, networking, doing case prep, and preparing your "fit" stories for interviews. Having said that, you can definitely make the switch into consulting from tech, and you will have an enormous amount of resources at your disposal, from Career Services and the second-year Career Advisors, to the Management Consulting Group to the Business Solutions Group (where you get hands-on experience doing a real 10 week consulting project with a business in Chicago).
Derrick -> Edward MDoes anyone have any Booth led international trips scheduled? If so, can you explain further about whats coming up?
Edward M -> DerrickRandom Walks are coming up in August -- those are student led trips all over the world. There are trips during winter break, spring break and summer break. Most of these trips are student planned and led. I went to Colombia for spring break with about 80 of my classmates. It was a trip not affiliated with Booth.
sushain -> Gabby CI am interested to know more about the faculty. Who is your favourite professor?
Gabby C -> sushainHi Sushain, my favorite professor so far has been Professor Gentzkow for Competitive Strategy. He just won the John Bates Clark Medal for his work. He was super engaging and had me think about what it means to be faced with difficult grey situations and what was really important rather than leaning on "risk-reward" bias. You know he was great because I had his class on Saturday mornings. Never missed it because of him =)
EMoulson -> Steph KAre professors easily accessible outside of class? How do they help in academic and career development?
Steph K -> EMoulsonHi EMoulson. Professors are indeed accessible outside of class. They set time aside to guarantee this. As you would expect, however, they are still quite busy balancing their personal research, classwork, and any other outside events they do (outside consulting, speeches, etc.) That said, it's been great to interact with them outside of the classroom and getting to know them better. I have learned a lot from speaking with them about industries and specific companies (both during recruiting and outside of it), and they are definitely more than willing to sit and chat! It has been a great source of information gathering for me.
Moderator -> EveryoneThank you for joining us today. We were able to answer all the questions submitted. The chat session has now ended.
Steph K -> EveryoneThanks for all the great questions!
Tyler K -> EveryoneThanks for your questions everyone. Hope to see you around campus! Remember to check out our Facebook page, the Booth Experience: https://www.facebook.com/pages/The-Booth-Experience/152849301450475
Craig C -> EveryoneThanks for joining us on the chat today!
Gabby C -> EveryoneThanks all for joining the chat! Hope to see you here!
Alex S -> EveryoneThanks for the questions everyone!
Ignacio V -> EveryoneThanks guys! It was great talking to you all. Good luck in the application process and hope to meet you here soon.
Rodrigo -> Edward MChicago is one of the most important city in USA. How’s Chicago’s cost of life compared to San Francisco’s, New York’s or other's?
Edward M -> RodrigoChicago is super affordable and the cost of living is considerably lower than SF to NY. I'm thinking about staying in Chicago just for that reason.
Suzi S -> EveryoneThank you for joining us today!
Edward M -> EveryoneThank you for joining us today!
Darren S -> EveryoneThanks again everyone!