Last visit was: 12 May 2026, 14:46 It is currently 12 May 2026, 14:46
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Events & Promotions
User avatar
britguy
User avatar
Joined: 07 Nov 2009
Last visit: 24 May 2010
Posts: 160
Own Kudos:
30
Given Kudos: 6
Location: Milan, Italy
Concentration: Finance
Schools:Booth (admitted R1), NYU (interview Mar 4), UT (withdrawn), Rice (admitted R2) plus dings at HBS, Stanford, Wharton and CBS
GPA: 3.4
WE 1: Oil and gas
Posts: 160
Kudos: 30
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 06:47
Kudos
Add Kudos
Bookmarks
Bookmark this Post
So I saw an article on BW about the effects of recruitment on b-schools last year. I read through it out of morbid curiosity. The data is simply sickening. Apparently 13.5% of Booth graduates failed to find a job more than 3 months after graduation.

So when I go to the admit event at Booth this weekend I can look around and expect that more than one in ten of us will fail to find employment after three months of graduating!

I know that things will improve in the next couple of years but surely lots of lessons will have been learnt by hiring companies by then so I think they will be much more prudent in their hiring patterns. Also, there must be an army of fired workers and unsuccessful 2009 grads out there who will be competing for the same jobs! Do I really want to borrow $100,000 to put myself in this position?!

The only good news is that things were much worse at other schools - Wharton and Cornell in particular were torn to pieces with 1 in 5 and 1 in 4 graduates failing to find jobs resp.

Wow!
avatar
coaks
avatar
Current Student
Joined: 05 Jan 2010
Last visit: 27 Feb 2012
Posts: 370
Own Kudos:
140
 [2]
Given Kudos: 3,439
Posts: 370
Kudos: 140
 [2]
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 07:30
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
britguy
So I saw an article on BW about the effects of recruitment on b-schools last year. I read through it out of morbid curiosity. The data is simply sickening. Apparently 13.5% of Booth graduates failed to find a job more than 3 months after graduation.

So when I go to the admit event at Booth this weekend I can look around and expect that more than one in ten of us will fail to find employment after three months of graduating!

I know that things will improve in the next couple of years but surely lots of lessons will have been learnt by hiring companies by then so I think they will be much more prudent in their hiring patterns. Also, there must be an army of fired workers and unsuccessful 2009 grads out there who will be competing for the same jobs! Do I really want to borrow $100,000 to put myself in this position?!

The only good news is that things were much worse at other schools - Wharton and Cornell in particular were torn to pieces with 1 in 5 and 1 in 4 graduates failing to find jobs resp.

Wow!
Show more

Yeah, I'm just hoping I can find a restaurant where the clientele will appreciate that I can incorporate the 4Ps into my response when they ask me about the daily specials.
User avatar
britguy
User avatar
Joined: 07 Nov 2009
Last visit: 24 May 2010
Posts: 160
Own Kudos:
30
Given Kudos: 6
Location: Milan, Italy
Concentration: Finance
Schools:Booth (admitted R1), NYU (interview Mar 4), UT (withdrawn), Rice (admitted R2) plus dings at HBS, Stanford, Wharton and CBS
GPA: 3.4
WE 1: Oil and gas
Posts: 160
Kudos: 30
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 07:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Shouldn't be hard, 10% of last year's class are doing this right now so call one up and ask for an informational interview.
User avatar
rhyme
User avatar
Major Poster
Joined: 05 Apr 2006
Last visit: 02 Dec 2024
Posts: 5,906
Own Kudos:
3,192
Given Kudos: 7
Affiliations: HHonors Diamond, BGS Honor Society
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Packaged Goods)
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Posts: 5,906
Kudos: 3,192
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 08:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Those of you with cnet id's and logins...

https://career.chicagobooth.edu/employment-reports/
User avatar
britguy
User avatar
Joined: 07 Nov 2009
Last visit: 24 May 2010
Posts: 160
Own Kudos:
30
Given Kudos: 6
Location: Milan, Italy
Concentration: Finance
Schools:Booth (admitted R1), NYU (interview Mar 4), UT (withdrawn), Rice (admitted R2) plus dings at HBS, Stanford, Wharton and CBS
GPA: 3.4
WE 1: Oil and gas
Posts: 160
Kudos: 30
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 09:14
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Thanks Rhyme! This data is interesting but it's all pre-crisis - I think everyone's pretty confident that the figures were great until last year. Fingers crossed they'll bounce back but not counting my chickens - could be some tough times ahead, especially for those of us dumb enough to be changing career INTO financial services!
avatar
futurestrategist
avatar
Current Student
Joined: 06 Oct 2009
Last visit: 27 Oct 2013
Posts: 594
Own Kudos:
60
Given Kudos: 295
Posts: 594
Kudos: 60
Calling Fall 2010 Chicago Booth Applicants 02 Mar 2010, 09:26
Kudos
Add Kudos
Bookmarks
Bookmark this Post
britguy
Thanks Rhyme! This data is interesting but it's all pre-crisis - I think everyone's pretty confident that the figures were great until last year. Fingers crossed they'll bounce back but not counting my chickens - could be some tough times ahead, especially for those of us dumb enough to be changing career INTO financial services!
Show more

When I was talking to some 1st year students, they told me that 35% of the student body last year accepted internship offers from campus recruiting. This year, it is now 40%. She also mentioned that some were still waiting to hear from companies or haven't accepted offers yet, so those statistics may not be accounted for and the actual figure may be higher. I'm not sure if this 40% figure is impressive or not relative to those of other schools, but my guess is that this figure is higher than their competitors'.
User avatar
kwam
User avatar
Joined: 09 Jan 2007
Last visit: 19 Oct 2013
Posts: 1,017
Own Kudos:
167
 [1]
Given Kudos: 3
Location: New York, NY
Concentration: Analytic Finance, Economics and Strategic Management
Schools:Chicago Booth Class of 2010
Posts: 1,017
Kudos: 167
 [1]
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 00:50
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
britguy
Thanks Rhyme! This data is interesting but it's all pre-crisis - I think everyone's pretty confident that the figures were great until last year. Fingers crossed they'll bounce back but not counting my chickens - could be some tough times ahead, especially for those of us dumb enough to be changing career INTO financial services!
Show more

Well the 2008-2009 data is actually the one you mentioned about (the 13.3% people still looking for jobs post graduation, representing 66 people). You will see from this report that rhyme's class was hit hard. The number for internationals is better though, but I still believe that Europe, and especially London, will have a long recovery, and as you mentioned, there are still many people to compete with.

All that said, my class numbers may be better, from what I have been talking to people, there are several people with very interesting offers. Tons are going to NYC, banks are hiring back, and talking to first years (class of 2011) it seems that things are much better than last year. There is still the chance that markets may pull back and another downtrend start, though I believe that now it is very unlikely, companies have already downsized, and they are indeed hiring in a more "prudent" fashion.

I am not sure if I will make to admit weekend as I am pretty busy with academics this quarter (Veronesi and Financial Econometrics are a Killer, and PE takes lots of time to prepared for classes). Probably I will be at the LPF, let's see.
User avatar
pudgethefish
User avatar
Joined: 25 Jan 2010
Last visit: 06 Jan 2011
Posts: 58
Own Kudos:
19
Given Kudos: 3
Location: London
Schools:HBS, Booth, Stern, Kellogg
Posts: 58
Kudos: 19
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 05:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
So, just went to Chicago this weekend and had my interview on Saturday - it was a lot more informal than I expected, which kind of threw me off. My interviewer was a 2nd year student with a Grizzly Adams beard (also not what I expected) and he asked like four questions total, like why MBA, why Booth, why now, why me. Other than that, we talked about 1) apocalypse camp, 2) guitar hero, and 3) killing rabbits. Ummmmm, I have no idea if that means he didn't have any questions about my resume or if it went well or not.

I told someone who is a current Booth student what my interview was like, and he said it sounded good because the interviews are really a "normalcy" check to see if you're a normal person and socially acceptable, and it sounded like we had a good rapport ... I was honestly expecting to have to sell myself more, though ... and my interview only went like 25 minutes.

WTF!!! Guess I'll find out soon enough, huh.
User avatar
rhyme
User avatar
Major Poster
Joined: 05 Apr 2006
Last visit: 02 Dec 2024
Posts: 5,906
Own Kudos:
3,192
Given Kudos: 7
Affiliations: HHonors Diamond, BGS Honor Society
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Packaged Goods)
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Posts: 5,906
Kudos: 3,192
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 06:18
Kudos
Add Kudos
Bookmarks
Bookmark this Post
pudgethefish
1) apocalypse camp, 2) guitar hero, and 3) killing rabbits.
Show more

You sir, have the coolest interview in the history of interviews.
User avatar
unplugged
User avatar
Joined: 26 May 2008
Last visit: 03 Apr 2011
Posts: 309
Own Kudos:
153
Given Kudos: 4
Concentration: Strategy, International Business, Finance
Schools:Kellogg Class of 2012
Posts: 309
Kudos: 153
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 06:35
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Guys,

I don't know whether you have had a chance to read the latest chat transcript. Here were the highlights

Quote:

NewVision: Hi, Thanks a lot for all the answers. Would you be kind enough to tell me, if there is some place for people from 3rd world countries whose dad are not rich enough to make them CEO just after graduation.

Rose: We admit students from all types of backgrounds who pursue all types of careers post MBA. Booth does have financing programs available for all international students who do not have a cosigner. In addition, we have merit-based scholarships.
-
-
sittingtight: Hi Rose/Donna, thanks for holding this chat. My question is: what percentage of interviewed applicants in round 2 are (on an average) admitted?

Rose: That's tough to answer without having read all the applications yet, but it's likely somewhere near 1 in 4.
Show more

I was under the impression that post-interview the chances of making it are close to 50%
avatar
shana22
avatar
Current Student
Joined: 29 Oct 2009
Last visit: 29 May 2011
Posts: 149
Own Kudos:
38
Given Kudos: 19
Concentration: Strategic Management, Finance, Managerial and Organizational Behavior
Schools:Chicago Booth Class of 2012
Posts: 149
Kudos: 38
Calling Fall 2010 Chicago Booth Applicants Updated on: 03 Mar 2010, 09:40
Originally posted by shana22 on 03 Mar 2010, 07:00.
Last edited by shana22 on 03 Mar 2010, 09:40, edited 2 times in total.
Kudos
Add Kudos
Bookmarks
Bookmark this Post
unplugged
Guys,

I don't know whether you have had a chance to read the latest chat transcript. Here were the highlights
[snip]
I was under the impression that post-interview the chances of making it are close to 50%
Show more
If ~50% get interviews and ~25% of those get in, then their acceptance rate is 12.5%. That's not right.

If they really do interview ~50%, then a little over one third will get accepted after interview. My guesstimate of their acceptance rate is 17% (I think I'm being conservative). I think it was 20%-22% for the class of 2010 and not reported by BW last year.

Fow what it's worth, my interviewer said it was harder to get an interview this year than in years past. I don't know if he just meant that there were more applications or if they were interviewing a smaller percentage...or both.
User avatar
robertrdzak
User avatar
Joined: 03 Nov 2007
Last visit: 30 Sep 2011
Posts: 106
Own Kudos:
292
Given Kudos: 9
Affiliations: CFA L3 Candidate, Grad w/ Highest Honors
Location: USA
Concentration: Investment Management
Schools:Chicago Booth R2 (WL), Wharton R2 w/ int, Kellogg R2 w/ int
GPA: 3.877
WE 1: Global Operations (Futures & Portfolio Financing) - Hedge Fund ($10bn+ Multi-Strat)
WE 2: Investment Analyst (Credit strategies) - Fund of Hedge Fund ($10bn+ Multi-Strat)
Posts: 106
Kudos: 292
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 08:08
Kudos
Add Kudos
Bookmarks
Bookmark this Post
wtf....i am screwed...

Wharton said they interview 35-50% of applicants on average (I read it was as high as 55% last year). The acceptance rate was 16%. That means for Wharton the post-interview acceptance rate is around 1-3 to 1-2.

I cannot believe Chicago's post-interview acceptance rate is 1-4. Only if Chicago is interviewing 80% of applicants this year.
avatar
tispot
avatar
Joined: 24 Jun 2009
Last visit: 22 Jun 2011
Posts: 17
Own Kudos:
3
Posts: 17
Kudos: 3
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:00
Kudos
Add Kudos
Bookmarks
Bookmark this Post
i was asking this same question to myself... if you take a look on the gmatclub numbers, you will see that half of the people applying in R2 is getting interviewed. However, R2 application volume is way higher than R1. There is a total of 107 applicants, only on gmatclub. so, i think that if 50% of interviewed for R2 get admittance, the number of admitted will explode.

25% of admittance seems more logical. Unfortunately, that means it is still very difficult in the interviewed pool...

:(
avatar
MBA42012
avatar
Current Student
Joined: 06 Jan 2010
Last visit: 23 May 2012
Posts: 58
Own Kudos:
13
Given Kudos: 3
Location: NY
Concentration: Finance
Schools:Tepper Class of 2012
Posts: 58
Kudos: 13
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:02
Kudos
Add Kudos
Bookmarks
Bookmark this Post
This 1/4 ratio might be the most discouraging thing I have seen on this thread. My hopes just went from very low to almost impossible.
avatar
tispot
avatar
Joined: 24 Jun 2009
Last visit: 22 Jun 2011
Posts: 17
Own Kudos:
3
Posts: 17
Kudos: 3
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:08
Kudos
Add Kudos
Bookmarks
Bookmark this Post
totally agree... it is extremely discouraging....

this year the application seems extremely difficult, but not much we can do but wait
avatar
MBA42012
avatar
Current Student
Joined: 06 Jan 2010
Last visit: 23 May 2012
Posts: 58
Own Kudos:
13
Given Kudos: 3
Location: NY
Concentration: Finance
Schools:Tepper Class of 2012
Posts: 58
Kudos: 13
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
robertrdzak - Do you mind me asking when you took the GMAT and if you are positive that your score has not changed since? We have the same exact quant and verbal score but my total score was 20 points lower...
avatar
shana22
avatar
Current Student
Joined: 29 Oct 2009
Last visit: 29 May 2011
Posts: 149
Own Kudos:
38
Given Kudos: 19
Concentration: Strategic Management, Finance, Managerial and Organizational Behavior
Schools:Chicago Booth Class of 2012
Posts: 149
Kudos: 38
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:13
Kudos
Add Kudos
Bookmarks
Bookmark this Post
tispot
i was asking this same question to myself... if you take a look on the gmatclub numbers, you will see that half of the people applying in R2 is getting interviewed. However, R2 application volume is way higher than R1. There is a total of 107 applicants, only on gmatclub. so, i think that if 50% of interviewed for R2 get admittance, the number of admitted will explode.

25% of admittance seems more logical. Unfortunately, that means it is still very difficult in the interviewed pool...

:(
Show more
My first thought is that there's a potentially flaw in assuming GMAT Club is a representative sample. Just looking at R2 2011 vs R2 2012 shows a mere 31 applicants vs. 107! It is certainly more likely that GMAT Club nearly quadrupled (3.5x) its popularity than Booth R2 quadrupled its application volume.

The major flaw in my thinking? GMAT club had 50 2011 R1 applicants and 53 2012 R1 applicants.

So...this leaves me thinking it's some combination of the following:
1. Poor representative sample
2. Increase in GMAT club popularity
3. Increase in Booth R2 applications

Hopefully more #1 and #2 than #3.....
avatar
Aenigma
avatar
Joined: 28 Dec 2009
Last visit: 22 Apr 2011
Posts: 245
Own Kudos:
114
Given Kudos: 13
Location: New York City
Concentration: International Development, Social Enterprise
Schools:Wharton, Chicago, Columbia, NYU, Harvard, Stanford
GPA: 3.6 - Ivy
Posts: 245
Kudos: 114
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Quote:
sittingtight: Hi Rose/Donna, thanks for holding this chat. My question is: what percentage of interviewed applicants in round 2 are (on an average) admitted?

Rose: That's tough to answer without having read all the applications yet, but it's likely somewhere near 1 in 4.
Show more

This is curious. I guess, since the chat took place after the mid-decision date, this means that Rose reads all the post-interview applications and is the final arbiter of admission.

I still think there must be some misunderstanding. Even if Booth's final admission rate is 15% (lower than I've seen cited in the past), that would mean they interviewed 60% of applicants? I doubt it.
avatar
coaks
avatar
Current Student
Joined: 05 Jan 2010
Last visit: 27 Feb 2012
Posts: 370
Own Kudos:
140
Given Kudos: 3,439
Posts: 370
Kudos: 140
Calling Fall 2010 Chicago Booth Applicants Updated on: 03 Mar 2010, 09:41
Originally posted by coaks on 03 Mar 2010, 09:37.
Last edited by coaks on 03 Mar 2010, 09:41, edited 1 time in total.
Kudos
Add Kudos
Bookmarks
Bookmark this Post
It seems like it could be somewhere in between. If Chicago really is interviewing 50% of applications, the admit after interview rate is probably not as high as 50% but it's also probably not 25%. That sounds like a lowball figure except if Chicago is hardcore utilizing the waitlist to manage yield or had an application spike even higher than its undergraduate program did over the past two years.

Using the BW figures published last year, which I think are off class of 2011 profile stats (? If they're off 2010 instead it wouldn't alter the numbers too too much) and the Booth website (Rhyme, shoot me down if I'm making stuff up), I don't think the admit after interview was as high as 50% last year.

592 students in Class of 2011 (Booth website) / 3843 applications (BW) ~ 15% enrollment rate
BW is claiming 22% selectivity from their chart, which would imply ~ 845 admits.
592 students / ~845 admitted students ~ 70% yield, which seems high but I guess that was the thing last year? Unexpectedly higher enrollment?
If Booth interviews half of applications, that's ~ 1922 interviews.
~ 845 admitted students / ~ 1922 interviews = ~ 44 % acceptance rate after interview -- including waitlisted students that were later admitted. So true admits would be somewhat lower and if you buy that Round 1 is maybe easier than Round 2, perhaps a couple of degrees lower still.

So now I'm thinking, what if you assume that Chicago experiences as crazy an application spike as their undergrad program, still interviews half of applicants (applicant pool would have to not be watered down at all, despite the extra apps) and has no plans to raise its enrollment for the Class of 2012. That's pretty much the only way you get close to a 1 in 4 figure.

40% spike in applications ~ 5380 apps
~ 575 target enrollment / ~ 5380 apps
~ 5380 apps * 50% IV rate ~ 2690 IVs
assuming same 70% yield off ~ 575 target enrollment ~821 admits.
~ 821 admits / ~ 2690 IVs ~ 30% acceptance rate after the interview -- which would again include waitlisted applicants that are later admitted and any adjustment you want to make R1 v R2.

So assuming all those crazy assumptions about volume, quality and adcom decision-making, its possible she's not lying but it seems less likely than a slightly higher number.

It's also possible I made all this up so you should ignore it.
avatar
quantconcerns
avatar
Joined: 28 Jan 2010
Last visit: 16 Nov 2011
Posts: 43
Own Kudos:
9
Given Kudos: 1
Concentration: Finance and Strategy
Schools:[color=red][CBS Class of 2013]
GPA: 3.88
WE 1: 2 years investment banking (middle-market)
WE 2: 3.5 years transaction modeling / consulting (big 4)
Posts: 43
Kudos: 9
Calling Fall 2010 Chicago Booth Applicants 03 Mar 2010, 09:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
On her blog, Rose responds to some comment by a prospective regarding how many people they extend and interview invite: she stated that 40-50%. Here are the comments:
Quote:
Feb-3 - abcd — How many people (or percentage of applicants) (ball park) are offered interview calls for R2?
Feb-3 - Rose — It depends upon the quality of the applicant pool, but it will likely fall between 40-50% of the pool. Thanks, Rose
Show more
So I am not sure how the 1 in 4 stat is correct, unless their acceptance rate is 10 - 12.5% which it definately isnt.

from my understanding, Booth has around 5000 applicants. This year, the target class size is 580 (was told by a friend who is an admissions fellow) and I undertand that Booth has a ~ yield of 60%. that means, they have to extend almost 900 acceptances to get to their target class size...which results in an acceptance rate of around 18%~ 20% as stated on BW and other online publications. Maybe (hopefully) she got her numbers mixed up.
   1  ...  86   87   88   89   90  ...  135   
Moderator:
GMATNinja
GMAT Club Verbal Expert
7393 posts