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.

Yeah for sure. Wharton waitlisted a ton of R1s this year. I'm sure a good handful of people who put down deposits are in that group waiting to hear back from the W. Can you imagine the fallout if H/S did the same as well? Bingo. As difficult as it is, there’s no benefit to trying to project the future at this point. We have each, hopefully, done all in our power to put the best foot forward, and that’s all you can control. Only two weeks left guys and gals.

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Calling All 2011 Booth Applicants!!

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NikkiMBA

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02 Mar 2011, 12:12

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stormbringer

NikkiMBA

Really, I checked on the Booth website and the class size is 550. Based on the numbers they have already filled 50% of the class. Are you serious!!!!

Oh man. Can everyone just calm down? I was afraid to share this figure here on this forum. I'm going to say this again - about 280 people have PAID their deposit. It doesn't mean that all 280 will ATTEND Booth.

But ....but still adcom does need to accommodate for all these students right? ok +/- 5%. that's still significant.

Nick2010

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02 Mar 2011, 12:17

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It seems like Wharton has put out an uncommonly big waitlist for R1 this year, only admitting the strongest candidates outright. What I see in that is that a lot of people that in a regular year would be admitted in Wharton´s R1, have instead been put in the waitlist, and made their deposits in other peer schools (Booth, Kellogg, MIT, etc).

IskraG

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02 Mar 2011, 12:22

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Nick2010

Thanks for explaining, makes sense.

stormbringer

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02 Mar 2011, 12:32

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NikkiMBA

stormbringer

NikkiMBA

Really, I checked on the Booth website and the class size is 550. Based on the numbers they have already filled 50% of the class. Are you serious!!!!

But ....but still adcom does need to accommodate for all these students right? ok +/- 5%. that's still significant.

Yup. You are right. This is definitely very significant and reason for us on the waitlist and Round 2 to be concerned because there will be fewer seats now. As someone already mentioned, Booth has been very generous with scholarships this time (thanks to David Booth) and that might be a big reason why people have accepted (for example, I remember a fellow forum member here not being able to choose between HBS and Booth just because he got a large scholarship at Booth). Also, the Booth deposit deadline is relatively early and many who are hedging their bets might have paid up just to be safe. With so much changing this year, it is very hard to forecast any figures as to how many people will eventually attend Booth and what will happen in Round 2. I think we just need to focus on updating the school of any candidacy related developments and looking into our contingency plans.

longhorn07

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02 Mar 2011, 12:44

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Nick2010

Booth´s upward momentum + Very generous financial aid policy + Wharton situation = higher yield for Booth.

80% is consistent with what I am seeing in my neck o´the woods (very small in the grand scheme of things though)

Yeah for sure. Wharton waitlisted a ton of R1s this year. I'm sure a good handful of people who put down deposits are in that group waiting to hear back from the W. Can you imagine the fallout if H/S did the same as well?

stormbringer

it is very hard to forecast any figures as to how many people will eventually attend Booth and what will happen in Round 2. I think we just need to focus on updating the school of any candidacy related developments and looking into our contingency plans.

Bingo. As difficult as it is, there’s no benefit to trying to project the future at this point. We have each, hopefully, done all in our power to put the best foot forward, and that’s all you can control. Only two weeks left guys and gals.

Yeltsina

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02 Mar 2011, 12:56

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Nick2010

Yeah for sure. Wharton waitlisted a ton of R1s this year. I'm sure a good handful of people who put down deposits are in that group waiting to hear back from the W.

stormbringer

FWIW, I read that at H (under the new dean) there was a bloodbath this year - for guys typically expected to be accepted (those coming from large PE shops etc.), and that these are now looking to W that always was their safety school.

As the schools form a pecking order of sorts, W is pushing students further down to Booth, thus creating the picture we see here.

Nick2010

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02 Mar 2011, 13:00

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Yeltsina

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Nick2010

Yeah for sure. Wharton waitlisted a ton of R1s this year. I'm sure a good handful of people who put down deposits are in that group waiting to hear back from the W.

stormbringer

Right, and taking into account both Wharton + Booth (plus Columbia) are seen as the fiance powerhouses, that may explain why the Wharton fallout affected (or benefited) Booth more than it´s peers.

takingback

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02 Mar 2011, 13:08

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80% is consistent with what I am seeing in my neck o´the woods (very small in the grand scheme of things though)[/quote]
Yeah for sure. Wharton waitlisted a ton of R1s this year. I'm sure a good handful of people who put down deposits are in that group waiting to hear back from the W.

stormbringer

Bingo. As difficult as it is, there’s no benefit to trying to project the future at this point. We have all, hopefully, done all in our power to put the best foot forward, and that’s all you can control. Only two weeks left guys and gals.[/quote]

FWIW, I read that at H (under the new dean) there was a bloodbath this year - for guys typically expected to be accepted (those coming from large PE shops etc.), and that these are now looking to W that always was their safety school.

As the schools form a pecking order of sorts, W is pushing students further down to Booth, thus creating the picture we see here.[/quote]

Right, and taking into account both Wharton + Booth (plus Columbia) are seen as the fiance powerhouses, that may explain why the Wharton fallout affected (or benefited) Booth more than it´s peers.[/quote]

Anyone know when waitlisters for Wharton, Columbia, etc. find out? Just wanted to know if those who would forfeit their Booth deposits would let Booth know by the R2 notification date. That way Booth may look to fill those spots at that time. I guess my worst fear as a waitlister is that no admits go to R1 waitlists, just either denials or notifications to still be on the waitlist.

stormbringer

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02 Mar 2011, 13:12

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takingback

Anyone know when waitlisters for Wharton, Columbia, etc. find out? Just wanted to know if those who would forfeit their Booth deposits would let Booth know by the R2 notification date. That way Booth may look to fill those spots at that time. I guess my worst fear as a waitlister is that no admits go to R1 waitlists, just either denials or notifications to still be on the waitlist.

I believe Booth treats R1 waitlist candidates as R2 candidates. Some Wharton waitlisters will hear mid-March (not sure of the exact date) and others will be rejected or remain on the waitlist. I am not sure about Columbia.

chinobaeza

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02 Mar 2011, 13:27

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stormbringer

Atsushi

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I've heard from a reliable source that about 280 of ~350 R1 admitted students have paid up their deposits by 25 Feb.

Under the assumption that your source is reliable and all of those matriculate, that's 80% yield! Of course, some are paying to hold their spot and are likely waiting for R1 waitlist and/or R2 decisions. Still, it would require 70 of the 280 forfeit their deposits to get to 60% yield in R1, which is more in line with historical numbers (if my memory serves).

Two more weeks until D-Day for R2 and R1 waitlists!

My source is very reliable. This is the figure reflected in the updated Admitted Students Directory as of today. Yes, that makes it 80% aka BAD news for waitlisters and R2 candidates. Let's all just be brave and strong. Not much else to do, people!

that explains the lack of invitations for interviews sent on R2....

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02 Mar 2011, 13:31

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The Booth expected class size is growing much closer to 600. The website reports 550, but I don't think they've had a class that small for at least a few years.

Quote:

With a combined 2011 and 2012 class size of ~1140, it is great to have so many opportunities to get to know each other as well as so many opportunities to have a great time.

Source: https://boothstudents.blogspot.com/2010/ ... booth.html

280 potential matriculations isn't ideal for R1 WL or R2 applicants, but there's still another 300+ seats to fill.

stormbringer

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02 Mar 2011, 13:33

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The Booth expected class size is growing much closer to 600. The website reports 550, but I don't think they've had a class that small for at least a few years.

Quote:

With a combined 2011 and 2012 class size of ~1140, it is great to have so many opportunities to get to know each other as well as so many opportunities to have a great time.

Source: https://boothstudents.blogspot.com/2010/ ... booth.html

280 potential matriculations isn't ideal for R1 WL or R2 applicants, but there's still another 300+ seats to fill.

Yes. Last year's class was 570, if I am not mistaken. Maybe with David's Booth's money, they can afford to have more of us this year...

chinobaeza

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02 Mar 2011, 13:34

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stormbringer

Yes. Last year's class was 570, if I am not mistaken. Maybe with David's Booth's money, they can afford to have more of us this year...

lol...hope so

RFMBA2

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02 Mar 2011, 14:28

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Did it really seem like there were less interview invites in R2? Do you think they did that to keep a consistent amount of admits after invite as previous rounds? Seemed to me that there were just as many invites in R2, but I could be mistaken.

Tradeoff

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02 Mar 2011, 14:57

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Here's an excerpt from a P&Q article on Chicago Booth.

"Evaluating the quality of an applicant pool is more art than science, more of a subjective process by people than an impartial algorithm. The numbers in the game look like this: last year, 4,299 people applied to the Booth School of Business (the peak year for apps was 2001 when Chicago received about 4,800 applications). Slightly less than half–just under 2,100 made it past the first screen—two readers of their applications—to get an invite for an admissions interview. About 44% of those interviewed candidates were eventually admitted to Chicago, accounting for just under 950 people. Some 61% of those applicants then chose to come to Booth and be part of the 575 or so students in the entering class in the fall of 2010. This year (2011), with the first two rounds done and only one remaining, applications are running about even with last year’s total."

Last year the yield was 61% with ~950 admits given for 575 seats. Even if overall yield this year is as high as R1 deposit rate @ 80% (although very unlikely) we are talking of ~720 admits being handed out in 2011 across the rounds, or 370 still to go. If the yield is 70% (which looks bit more plausible), then we have ~820 admits across the three rounds and ~470 still to go. If the yield rises 4pp to 65%, we are talking of ~535 admits still left.

370 (@ 80%) or 470 (@ 70%) or 535 (@ 65%) are still big numbers....

dalillama

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02 Mar 2011, 15:53

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Tradeoff

I can't give you the precise number, but the person who originally posted the ~370 offers woefully underestimated the number of admit offers that were made in R1.

justship

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02 Mar 2011, 16:25

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dalillama

I can't give you the precise number, but the person who originally posted the ~370 offers woefully underestimated the number of admit offers that were made in R1.

That's promising if the deposit yield is lower than we thought (and it means that Booth will make more R2 admit offers to reach its targeted number of deposits/eventual matriculants), but getting an accurate idea of the number of admits who paid the R1 deposit is probably more important at this point.

SEOmatt

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03 Mar 2011, 08:54

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Booth just updated the admissions blog:
https://blogs.chicagobooth.edu/boothinsider/

jb88

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03 Mar 2011, 09:00

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SEOmatt

Booth just updated the admissions blog:
https://blogs.chicagobooth.edu/boothinsider/

Reminds me of when a company comes out early and announces it may miss earnings. The company thinks it is gently lowering expectations, but in reality there is a huge, over-reactive sell-off. Either way, it is disappointment for its shareholders (i.e. R2 candidates).

or when the really cute girl you've a crush on tells you she just wants to be friends...I'm in love and hoping for the best!