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[校友答疑] Chicago Booth 2011 Taking Questions

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发表于 2009-9-29 13:27:00 | 显示全部楼层

Chicago Booth 2011 Taking Questions

Dear CDers,

We are Chicago Booth students, Class of 2011. We are here to help you learn more about Chicago Booth and support you with application advices. If you have any questions about Chicago Booth, you are more than welcome to post here. We have form a small team with diverse background from banking, consulting, hedge fund and corporate and we will actively share our application experience with you.

We highly suggest that you do your homework first. You can browse the following sites to find the basics:

General Information:                http://www.chicagobooth.edu/fulltime/

Application Process:                http://www.chicagobooth.edu/fulltime/admissions/apply.aspx

Admission Blog:                       http://blogs.chicagobooth.edu/rosereport

Chicago Booth 2010 Q&A:      http://forum.chasedream.com/dispbbs.asp?boardID=13&ID=358603&page=1
   
 

Let's get started!


 Booth Basics: You might or might not know
 

      Famous for the largest number of Nobel Laureate among all business schools

      Best faculty among all business schools  

      Better career services than most peer schools, resulting in one of the highest employment rate last year (Class of 2009)

      Strong upward momentum since Ted Snyder served as dean in 2001


  Current Ranking of Full Time MBA Program of Chicago Booth
 

      Business Week 2008:                   #1

      US News 2009:                              #5  

      WSJ 2007:                                     #9  

      Forbes 2009:                                 #4

      EIU 2008:                                       #3

      Financial Times 2009:                   #11

Chicago Booth Strengths Highlight

Finance Program – Booth is well-known for its finance program, with the largest and most diversified finance curriculum. Six Nobel laureates have taught in Chicago’s program since the early 1980s. In addition to a standard finance concentration, the school also offers the quantitatively rigorous Analytic Finance concentration. Around 50% of Chicago GSB graduates accepted jobs in the financial services industry. Being a Booth graduates gives you a well recognized competitive edges in term of solid finance knowledge and strong empirical skills set.

Flexible Curriculum – The flexible structure of the Booth’s required curriculum sets the school apart from its peers. It is especially unique in the sense that the faculty are willing to waive your pre-requisite class, without requiring an exempt test, as long as you show good knowledge or equivalent working experience in that subject.  

$300 million Naming Gift - The $300 million capitals injected into Chicago Booth will bring tremendous momentum to develop and promote the school. Chicago Booth is actively strengthening many other disciplines and has more presence in global media to promote the school’s reputation. The Booth donation shows commitment to provide strong programs in disciplines beyond finance. For example, students interested in marketing may apply for a two year $50,000 Marketing Fellowship. The students interested in international business may pursue the specialized International MBA degree.

Best Student Service and Cohesive Community - From admission service to career service, Chicago booth has an outstanding student-service team that is both professional and supportive. There are plenty of resources on the school websites, a very responsive community, and advisory service on every step during the admission process. It is a public consensus that Chicago Booth community encourages students to challenges each other but holds a much collaborative environment than most other schools.

Class Profile - 2011

Out of the 593 Booth students in Class 2011, about 5% are from Greater China. According to the school, 19 are from mainland China (China passport holders), plus 7 from Taiwan and 2 from Hong Kong. More Chinese ethnic students from US, Canada and Australia are admitted as well.

Almost 3/4 of students from Greater China have either finance (IB, IM, hedge fund) or consulting background, a little different from the profile of last year. The others are from various industries, including accounting, consumer goods, high-tech and media, etc.

About 40% students from Greater China are female.


Misconception of Chicago Booth

Chicago Booth is a finance school.

Chicago Booth offers one of the best finance programs in the world (peer school: only Wharton?). However, Chicago Booth is NOT a finance school. For example, Entrepreneurship concentration is one of the favorite among students. Chicago Booth is also strong in marketing, but more data-driven or behavioral-related, different from and superior to Kellogg's approach as more marketing/consumer data become available. Chicago Booth graduate are actually quite diversified in terms of industries and functions.

Booth students are a bit nerdy and lack of teamwork.

Totally wrong. Booth students have diverse background and colorful characteristics. Teamwork is what we focused on during the first mandatory course, LEAD. It's continuously reinforced through daily course works and activities. We have a vibrant and fun community similar to those so-called party schools (you name it) .

Course load is too heavy in Booth.  

Chicago Booth’s curriculum is academically rigorous. However, classes are designed to challenge you by CHOICE. The faculty's goal is to inspire your passion and interest, not to fail you out of school. Grade Non-Disclosure policy gives you the possibility to scale your academic commitment in favor of Recruiting/Social (and vice versa). Booth has the most flexible curriculum among peer schools. You can leverage that to balance your course works and social activities.


 About the Application

The following is a good approach for a standard candidate. Booth looks for candidates who can fully take advantage of its flexible program. Therefore it looks for candidates who: 

1.        Knows where he/she comes from and where he/she wants to go  

Chicago Booth's program is packed with content (you get your tuition worth, trust me). The more you know about your strength/weakness in career development, the better you can leverage all the resources offered to you. While you will have time to figure out your passion during an MBA, the earlier you can focus on one or two paths, the better. Essay I is designed to help you with that prior to coming to business school. 

2.        Self-Aware  

Booth's program will constantly challenge the students with questions that don't have clear cut answers. Therefore, it prefers candidate who can find answer based on what works best for himself/herself. In Essay II, always highlight your thought process and the reasons for your action. Setting up the right context is important but try to minimize the amount of text devoted to describing situation because Admin cares more about your reaction and your thoughts.

You might mention "with LEAD and further mentorship of second year Facilitators, you can continue to improve your awareness“(as a plug to show your interest of the school and your humble self).


 3.        Thoughtful/Structured Thinkers  

This is obvious looking at Essay III. By giving the applicant a blank four page presentation, Booth challenging the candidate's ability to produce a structured and coherent profile. It's my personal preference to have a theme that ties one's story together instead of 4 complete independent slides. Originality is nice but structure is more important.

Interview - Alumni vs. School

A trip to campus for interview would be nice but not necessary. Chicago Alums are the nicest based our empirical experience; they are genuinely interested in you and want to determine whether you have well-thought out reasons for MBA and reasonable post-MBA plan. You should be ready to describe your understanding of Booth's culture and the benefit of the program.

Wish you all good luck and see you in Harper Center soon!



 楼主| 发表于 2009-9-29 13:46:00 | 显示全部楼层
预留位置
 楼主| 发表于 2009-9-29 13:46:00 | 显示全部楼层
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发表于 2009-9-29 13:55:00 | 显示全部楼层
How do you guys come up with $88,000 a year to pay for tuition and living expense?
发表于 2009-9-29 14:11:00 | 显示全部楼层

有关GPA的一个问题,我的学校是给ABCD的,但是它又没有个转换成GPA的系统。

这样的话我计算GPA应该根据什么SCALE来CONVERT? CHICAGO自己有没有一个GUIDELINE? 比如说A+ 算 4.33分还是4 分?

另外,学校会不会自己计算gpa? 如果会,而且因为学校用的methodology和我不同而有出入的话,我有没有机会解释?

谢谢。

发表于 2009-9-29 22:28:00 | 显示全部楼层

Support !

发表于 2009-9-30 05:41:00 | 显示全部楼层
Hi y'all,

    

This year Wharton had one of our biggest classes ever, with 862
enrolled students (an increase of about 4.5%). I saw that Stanford also
had a similar increase in students ( about 4%, from 370 to 385) and so
did HBS (also about 4% 900 to 937). I couldn't find the stats for
Booth, I wonder if this is a similar trend?
 楼主| 发表于 2009-9-30 14:48:00 | 显示全部楼层
$88000 is too luxury, dude... I think most student can make it with $80, 000 or lower.

All international student can secure a non-cosigner loan for Booth this year. Because the market was still weak in spring, the loan program this year had a cap of $70, 000. But the gap is not that formidable, right? Hope the loan program for class 2012 will be better.

Besides the non-cosigner loan, we do have students who got loans from bank in mainland.
 楼主| 发表于 2009-9-30 14:51:00 | 显示全部楼层
如果没有记错的话,包括Booth在内的很多商学院都不鼓励大家去“翻译”GPA分数。你可以直接提交英文的成绩单。如果一定要折算,你可以参考一下北大清华的计算方法。
发表于 2009-9-30 22:00:00 | 显示全部楼层

On a relative basis, I heard that Booth is more of a # school than some of the other top ones.  I heard this from 2 friends who were accepted into multiple schools (attended information sessions/met alum, interview, their research) that they believe at Booth GMAT+GPA > Essay+Recommendation.  However, HBS alum indicate that Essay+Recommendation weigh more than GPA+GMAT... and Booth only asks for 2 essays.

I know all parts of the application are important.  Please share your thoughts.  Thanks.

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