This thread is for the Booth 2011 Application Year, meaning applicants that are starting School in the Fall of 2011. Please direct all of your questions for this year into the 2012 thread calling-all-2012-chicago-booth-fall-applicants-116701.html If you are a current student/admit, please consider visiting the thread for Admitted Students admitted-to-chicago-booth-class-of-2013-full-time-mba-thread-107432.html At Chicago Booth, you get more than just a world-class education. You become part of a global business force. Please use the following form to add your stats to the spreadsheet: Form link Edit Link: https://spreadsheets.google.com/ccc?key=0Av3d03301eNIdFozSUpyT2lUQzN0TG41MTFDWG83eHc&hl=en#gid=0 Spreadsheet 0Av3d03301eNIdFozSUpyT2lUQzN0TG41MTFDWG83eHc GMAT CLUB STATS Round 1 Deadline: October 13, 2010 Notification: December 15, 2010 Round 2 Deadline: January 5, 2011 Notification: March 16, 2011 Round 3 Deadline: April 13, 2011 Notification: May 18, 2011 Evening/Weekend MBA Deadlines: https://www.chicagobooth.edu/parttime/a ... #deadlines SCHOOL INFO Excerpts from Admissions Chat Events Application Review Process At minimum three people will review an application. We do not review applications in groups but the reader will have access to the previous readers' reviews. Our office hires students to serve as Admissions Fellows. These students will review the files(and conduct our on campus interviews.) Once the Fellows complete their review an admissions officer reviews and will make a recommendation. At this time a candidate is invited to interview or recommended for denial. If denial the Associate Dean will review the file. If invited to interview, after the interview takes place, the file is reviewed again by an admissions officer. A recommendation is made and ultimately the Associate Dean makes the final decision. We do not compare students between rounds; we only evaluate applications based on each round. The chances of being admitted are very similar from one round to the next. Interview As for interviews, Interviewers will NOT have access to your applications. We conduct interviews either on campus by admissions fellows or off campus by alumni. All applicants have the option of coming to campus or interviewing with a local alumni. Academics The Booth MBA is based on a discipline based approach to business education, with finance being at the cornerstone. Chicago Booth boasts a legendary finance curriculum, covering both corporate finance and investments. In addition, our long-standing relationships and success in recruiting with the biggest investment organizations in the world. General Guest: what are the top features booth is looking for in an mba candidate and how can i improve my chances of admission Kurt: The best way to be successful in this process is to really know your story. Where have you been? What skill and experiences have fostered over time? How do these things prepare you for an MBA, and a career post MBA? And finally, how does a specific program i.e. Booth bridge the gap effectively between where you are and where you want to be. Think through this effectively and convey this story utilizing all the aspects provided in the application will give you your best chance of success. To be candid we expect that students applying to a top school are smart, engaged and demonstrate signs for leadership potential. With those things being staples it is at the margins where you can most directly impact your outcome. And your story and fit is what lives in the margins. Neel the overwhelming majority of our students in the FT program are looking to make a career change. To do so you have to think through what you know about the desired industry, what skill and experiences do they covet and what do you bring to the table. In most cases once you do this exercise you will realize where your strengths and weaknesses lie, and at Chicago because of our flexibility and commitment to analytics you will have every opportunity to round out your necessary skill sets and go after the role you desire. Essays 1. The Admissions Committee is interested in learning more about you on both a personal and professional level. Please answer the following (maximum of 300 words for each section): a. Why are you pursuing a full-time MBA at this point in your life? b. Define your short and long term career goals post MBA. c. What is it about Chicago Booth that is going to help you reach your goals? d. REAPPLICANTS ONLY: Upon reflection, how has your thinking regarding your future, Chicago Booth, and/or getting an MBA changed since the time of your last application? These short essays will require you to know yourself. You will need to understand where you have been and where you are going. Before you begin drafting the responses to these essays, take some time for self-reflection. Why do you want to return to school? Why is the MBA the right degree for you? We know that many of you will use your MBA experience to help you figure out what kind of job to pursue next. Even though your future career plans may not be clear at this time, you should still be able to discuss your goals and how they relate to obtaining an MBA. For our reapplicants, question 1d is where you can tell us what, if anything, has changed since the time of your last application. What has occurred in your life or career that has either reinforced or changed your goals? What lessons have you learned or how have you grown since you last applied to Chicago Booth? 2. Chicago Booth is a place that challenges its students to stretch and take risks that they might not take elsewhere. Tell us about a time when you took a risk and what you learned from that experience (maximum of 750 words). You’re probably wondering, “What kind of risk do you want me to discuss?” To be honest, we’re not looking for one kind of risk in particular. It can be a risk related to your professional, academic or personal life. It can be a risk that resulted in either a positive or negative outcome. We want to hear about a time when you challenged yourself and what you learned from that experience. How has that experience influenced your future actions? 3. At Chicago Booth, we teach you HOW to think rather than what to think. With this in mind, we have provided you with “blank pages” in our application. Knowing that there is not a right or even a preferred answer allows you to demonstrate to the committee your ability to navigate ambiguity and provide information that you believe will support your candidacy for Chicago Booth. Earlier this year, there was some discussion as to whether we would continue using the presentation as part of our evaluation process. With the presentation proving to be such an important tool in helping us determine who is a good fit for Chicago Booth, we decided it was necessary to include in our 2011 application. However, this year, we are giving applicants even greater freedom to decide what information they want to convey in the presentation. Since we’re providing you with “blank pages,” what you decide to address in your presentation is up to you. Look at the other aspects of your application. Are there messages or activities that you have not yet been able to communicate to the committee? If so, then the presentation will be an opportunity for you to provide us with this type of information. After reviewing your presentation, we want to have a better understanding of who you are and how you think. Also, please remember that it is the content – not the design – that should be the focus of the presentation. We understand that not everyone is a design guru. So, whether it’s through photos, images, graphs, or just words, the goal is to communicate your messages as effectively as possible.

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Calling All 2011 Booth Applicants!!

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SEOmatt

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Schools: Ross '13 (A) Kellogg '13 (D) Booth '13 (WA)

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23 Feb 2011, 09:45

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jb88

I just wanted to post what I heard first hand during the Q&A session at my Booth Visit recently. One of the assoc. directors of admissions stated that Booth invited "well over half the applicants in R1" and "roughly half the candidates in R2." He/she said based on the number of deposits, the yield for R1 candidates is "very high" with the deadline approaching this Friday (higher than anticipated). He/she frankly stated that there would be less spots for R2 applicants and Booth is expecting an overall acceptance rate somewhere "around 20-22%."

Thanks for the info jb. It's good to know, but definitely not comforting. It's going to make the next few weeks of waiting even more difficult!

mjb

Current Student

Joined: 27 Dec 2010

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Concentration: Strategy, International Business, Finance

Schools:Booth R1, Tuck, Ross

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23 Feb 2011, 09:49

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By yield did you mean the percentage of people accepting an offer out of all the admits, or the number of people receiving offers out of the applicant pool?

cwhs

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23 Feb 2011, 09:56

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jb88

Thanks for the info, this sucks a lot for the waitlisters though...

NikkiMBA

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23 Feb 2011, 10:18

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mjb

By yield did you mean the percentage of people accepting an offer out of all the admits, or the number of people receiving offers out of the applicant pool?

It is the number of people who are accepting the offers received from Booth in R1, which is higher than Booth originally expected.

veris

Joined: 01 Nov 2010

Last visit: 15 Aug 2011

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23 Feb 2011, 10:28

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for people who are curious/nervous about interviews - i would say that i had a very average interview, if not a bad interview, and was still accepted. i interviewed on campus along with many others on the same day. the interviewer was a third year student (dual degree) that i had nothing in common with. he was finance and i want to stay as far from it as possible. it lasted about 25 minutes with some awkward pauses. my take on interviews based on how many booth chooses to interview is that it is more of a likability/are you weird test. they probably already have a good idea of who they want as part of their incoming class, and a great interview won't save you if weren't really part of that group to start with.

jb88

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23 Feb 2011, 10:39

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veris

for people who are curious/nervous about interviews - i would say that i had a very average interview, if not a bad interview, and was still accepted.....my take on interviews based on how many booth chooses to interview is that it is more of a likability/are you weird test. they probably already have a good idea of who they want as part of their incoming class, and a great interview won't save you if weren't really part of that group to start with.

I agree that a not-so-awesome IV may not make a big difference, but what are your stats? Probably a girl with international experience and a 750 GMAT right? :wink:

I also agree that it is a big time likability test. I actually heard several students refer to "weeding out the weirdos". The last thing about having a good idea of who they want - it seems like they would interview a few less people if this were the case right? I'm not sure how they make their decisions but I feel more assured at Booth that several people actually spend real time reviewing your app and the dean makes ALL final decisions....It must be really hard for them to make final decisions with such a large IV pool. Hopefully they see all of my inherent positive qualities and the benefit of the unique experiences I bring to the table, along with my experience of and commitment to taking on leadership roles of course. :-D

mjb

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Concentration: Strategy, International Business, Finance

Schools:Booth R1, Tuck, Ross

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23 Feb 2011, 11:01

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NikkiMBA

mjb

By yield did you mean the percentage of people accepting an offer out of all the admits, or the number of people receiving offers out of the applicant pool?

It is the number of people who are accepting the offers received from Booth in R1, which is higher than Booth originally expected.

Well, that's what I thought but when jb88 said the yield would be 20-22% (and higher than last year!) I wasn't sure we were talking about the same thing. For reference, according to the Veritas 2010 guide, Booth's 'yield' (offers accepted) is ~60%, and the acceptance rate (offers to applicants) is 22%. I've also seen comments from the Adcom staff saying that over 40% of R1 admits have already accepted places at Booth.

Cookiesn

Joined: 04 Jan 2011

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Location: United States

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Schools: Booth '13 (M) Ross '13 (A) Johnson '13 (A) Kellogg '13 (WL) McDonough (A)

GPA: 3.59

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Schools: Booth '13 (M) Ross '13 (A) Johnson '13 (A) Kellogg '13 (WL) McDonough (A)

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23 Feb 2011, 11:06

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jb88

chuyrulez

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23 Feb 2011, 11:11

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I interviewed at Booth about a Month ago, waiting sucks....... the days drag on forever and the more I think about my interview and the application process the more I realize what I could have done differently to improve my chances of being accepted..... and coming onto gmatclub almost on a daily basis just increases my anxiety.. LOL.... but I am glad that there are more people in the same situation as myself, because my friends that are not applying for an MBA tend to think that "I am making a big deal and exagerating". Anyone in the same situation????

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23 Feb 2011, 11:13

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mjb

NikkiMBA

mjb

By yield did you mean the percentage of people accepting an offer out of all the admits, or the number of people receiving offers out of the applicant pool?

It is the number of people who are accepting the offers received from Booth in R1, which is higher than Booth originally expected.

I think the acceptance rate at Booth was closer to 25% last year (an outlier year). 20-22% acceptance rate would imply that they've improved their yield, but only enough to bring it back to where it has been in previous years.

In my opinion, an unusually high yield for R1 offers is likely to result in fewer waitlist conversions and fewer R2 acceptances. I wouldn't worry about it though. All you can do is put forth your best effort.

dalillama

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Schools: Booth '13 (M$) Sloan '13 (A) Kellogg '13 (A$) Wharton '13 (WL)

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Schools: Booth '13 (M$) Sloan '13 (A) Kellogg '13 (A$) Wharton '13 (WL)

GMAT 2: 740 Q47 V45 Verified score

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23 Feb 2011, 11:19

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mjb

NikkiMBA

mjb

By yield did you mean the percentage of people accepting an offer out of all the admits, or the number of people receiving offers out of the applicant pool?

It is the number of people who are accepting the offers received from Booth in R1, which is higher than Booth originally expected.

Yeah this is very confusing. A "yield" of 20-22% per the traditional definition of yield (acceptances over offers) does not make any sense. If that number is acceptances over total applicants, it would also not make sense as that's a "traditional" yield of about 100% assuming the same historical acceptance rate of 20-22%.

Bear in mind: a lot of people will make R1 deposits even though they're waiting for R2 schools or a waitlist, just so they can be safe. This is aggravated by Booth's comparably early deposit date. So I'd take any R1 yield figure with a grain of salt.

rhyme

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23 Feb 2011, 12:27

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The 20 to 22 must refer to acceptance, not yield. A 20% yield rate would imply that they would make nearly 3000 offers to fill a class - with an app volume likely comparable to Kellogg's that would place their admit rate at something like 70% - and if you figure half the applicants who apply dont get an interview, then the post-interview admission rate would be pegged at 100%, and they would still fall short of filling each slot.

jb88

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23 Feb 2011, 12:32

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rhyme

20-22% acceptance rate, yield is TBD but probably going to be on the high-end if R1 deposits are any indication. Sorry for any confusion.

I think I went crazy somewhere between page 73-80 last night trying to update the spreadsheet for R2. I encourage other members to PM some of the applicants who disappeared to get a status update.

SEOmatt

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Schools: Ross '13 (A) Kellogg '13 (D) Booth '13 (WA)

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23 Feb 2011, 12:37

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rhyme

I believe jb fixed his post to reflect that. It's definitely acceptance rate.

However, the fact still remains that if there is a higher than expected yield for R1 offers (and they don't withdraw), then there will be fewer spots available for R2 applicants. This will likely lead to a higher WL/Ding percentage for R2.

I really need to stop reading this board for the next few weeks until calls start coming in ... it's getting more nerve wracking by the hour!

LaChloe

Joined: 06 Jan 2011

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Location: Los Angeles, CA

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Schools:All R2 - Booth(attending w/$), Kellogg(WL w/int then ding), CBS(ding w/int), Harvard(ding), NYU(admit), UCLA PT(admit), USC PT(admit)

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23 Feb 2011, 13:07

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[/quote]I really need to stop reading this board for the next few weeks until calls start coming in ... it's getting more nerve wracking by the hour!

[/quote]

I tell myself this every day - but then I'm always back!

holywater

Joined: 12 Jan 2011

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23 Feb 2011, 16:43

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P&Q has an article about R1:
https://poetsandquants.com/2011/02/14/wh ... ago-booth/

R1 number of deposits has increased by 40% @_@

NikkiMBA

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23 Feb 2011, 21:30

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I emailed a thank you note to my Booth interview but got no response- is that a bad thing ?

alienfluid

Joined: 25 Aug 2010

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Status:Chicago Booth Class of 2013

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Concentration: General Management, Entrepreneurship

Schools:HBS (R2 - ding), Booth (R2 - WL - In!), Kellogg (R2 - ding), MIT Sloan (R2 - ding)

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23 Feb 2011, 21:42

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NikkiMBA

I emailed a thank you note to my Booth interview but got no response- is that a bad thing ?

No, it's not. There's nothing more to either getting or not getting a response. It's just a courtesy thing.

alienfluid

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23 Feb 2011, 21:43

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holywater

P&Q has an article about R1:
https://poetsandquants.com/2011/02/14/wh ... ago-booth/

R1 number of deposits has increased by 40% @_@

That was an interesting article. If the R1 yield has dramatically increased, it'll certainly show in the R2 admits. That's quite unfortunate for us R2 applicants

NZOMNIAC

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Status:day of reckoning

Affiliations: CFA Level 3 Candidate

Location: NJ,USA

Concentration: Analytical Consulting

Schools:Harvard(R2 - ding), Wharton(R2 -ding), Booth(ding), Kellogg(waitlisted then dinged)

GPA: 4.0

WE 1: IIT, 6 yrs healthcare consulting

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23 Feb 2011, 21:55

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is there any value in sending email to adcom saying i am genuinely interested in the program..since my wife got admitted to medical school in chicago and so there is even more desire to join booth?