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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mjb

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23 Feb 2011, 22:34

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@NZOMNIAC: First of all, congrats to your wife! I'm in two minds about whether or not you should tell Booth that your wife was accepted to med school in Chicago. On one hand it does show that you're more likely to accept an offer but at the same time it could weaken your 'Why Booth' statement (you might come across as wanting to study for an MBA at Booth because your wife got in to med school in Chicago). Also, while it's great that your wife was accepted to med school, it's not really enhancing your application (you aren't becoming a better MBA candidate), rather that you're just more likely to accept an offer. Personally, I'd probably hold off for now (Booth does say that it won't add anything to your application after it's printed, but I'm sure they make exceptions) and think about again if you get the WL email.

NZOMNIAC

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24 Feb 2011, 05:24

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mjb

Thank you for sound advice

brysondavis

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24 Feb 2011, 05:50

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NikkiMBA

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

I don’t think that the thank you note is something to worry about too much. For one, it seems that quite a few people were not given any contact info after their interviews on campus—and probably many more that don’t come to these forums. The adcom is probably aware of this.

Secondly, for on-campus interviews I would assume the students/alums file their reports immediately after the interview and before you have a chance to give a thank you. I interviewed on campus with an alum on a Saturday, and it looked like the alum was filling out a form during my interview, which they probably finished up afterwards during the break before their next interview. I would assume the alum turned in all their reports when they left for the day. Sure, it’s nice to send a thank you as a common courtesy, but the process is probably finished up by the time you get around to that.

prashant225

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24 Feb 2011, 09:04

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Had my interview today with an alum in Mumbai. The alum was from the batch of 2008. Very cordial.

The questions:
why MBA?
Short term and long term goals?
Why Booth?
Ethical dilemma faced?
Any work done which has gone unnoticed?
A situation where i impacted the organization?

I asked some questions to the alum on his booth experience and on why he chose booth?

Overall went well. He said my profile was quite good and he would recommend me positively. Fingers crossed for March 16th.

Regards
Prashant

NikkiMBA

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24 Feb 2011, 10:04

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prashant225

Thats great- best of luck! did any one get positive feedback from the on-campus interviewers. Or was it hard to read their expression?

driege

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24 Feb 2011, 10:52

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NikkiMBA

Thats great- best of luck! did any one get positive feedback from the on-campus interviewers. Or was it hard to read their expression?

I got positive feedback from my on-campus interview with an alum.

NikkiMBA

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24 Feb 2011, 11:31

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driege

NikkiMBA

Thats great- best of luck! did any one get positive feedback from the on-campus interviewers. Or was it hard to read their expression?

I got positive feedback from my on-campus interview with an alum.

That's great!!! I had my interview with 2nd year......no feedback, a few nods, but no face expressions (poker face thruout)

xaffron9

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24 Feb 2011, 11:35

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alienfluid

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

That's even more unfortunate for us R1 waitlisters

discrete83

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24 Feb 2011, 11:45

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Hi guys / gals - saw the articles on the increase in 2010 deposits at Chicago Booth, and did a quick calculation on what it meant for Round 2 admit rates.

Worst case scenario: my calculations suggest that we could see an approximately 20-25% decline in Round 2 admits as compared to Round 2 of last year (which would equate to around 120-150 less admits than last year) given the 40% increase in deposits from Round 1 applicants. This would be because the the full year yields will be higher this year. The calculations are below. The numbers are subject to significant change based on the key assumptions.

Key assumptions are:
1) +40% increase in yield in Rd1
2) +15% increase in yield in Rd 2 (expect that given the +40% inc. in Rd 1, admissions will expect higher yields in Rd 2 as well)
3) Increase in deposits equates to increase in yields and eventually, matriculation
4) Chicago Booth doesn't significantly increase class size, in my #s, class size creeps up insignificantly to 581 from 575.
5) Rd 1, Rd 2, and Rd 3 application distributions are approx 35%, 60%, 5% respectively
6) # of total apps, and other class parameters are roughly the same as last year.

Have attached a pdf of the calculations so thats its easier to view than in the message.

Forecasted Chicago Booth Admit & Matriculation Rates for Class of 2013

Actual Baseline Assumed Assumed Assumed Effective R2 Change
2009 2010 2010 2010 2010 2010 vs. Full yr
Full Yr Full Yr Rd 1 Rd 2 Rd 3 Full Yr in 2009

# of Apps 4,299 4,299 1,505 2,579 215 4,299
# of Interviews 2,100 2,100 735 1,260 105 2,100
# of Admits 950 950 333 416 16 764 -20%
# of Matriculates 575 575 282 289 10 581

I-view % 48.8% 48.8% 48.8% 48.8% 48.8% 48.8%
Admit % 45.2% 45.2% 45.2% 33.0% 15.0% 36.4%
Yield Rate % 60.5% 60.5% 84.7% 69.6% 60.5% 76.0%

Submit Distrib % * 35.0% 60.0% 5.0%

Y-o-Y Inc. in Matric. 40% 15% 0%

* Submit Distrib is approximate for 2009, and assumed to be the same in 2010
** Note: I am assuming that the 40% increase in deposits holds true. If there are significant % of withdrawals, the waitlist #s
will be affected. The 40% number is from the Poets & Quants post referenced a few posts ago.

Round 2 & Round 3 admission rates are calculated. Given the increase in yield rates, I am assuming that the admit % rates will
be lowered, and that the Booth admissions committee will also assume an increase in yields for Round 2.

Attachments

Chicago Booth R2 2011 Admit rates.pdf [148.32 KiB]
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NZOMNIAC

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24 Feb 2011, 12:11

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discrete83

Hi guys / gals - saw th
Round 2 & Round 3 admission rates are calculated. Given the increase in yield rates, I am assuming that the admit % rates will
be lowered, and that the Booth admissions committee will also assume an increase in yields for Round 2.

this is great stuff- still digesting the info - thanks for taking the effort

justship

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24 Feb 2011, 12:37

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discrete83

Well done. Another piece of (anecdotal) data we have is jb88's previous note that Booth interviewed "well over half the applicants in R1," but that increase should already be reflected in the 40% increase in the number of R1 matriculants/deposits. Also, Chicago Booth may want to return to its historical class size average of about 550, which would further negatively impact R2 hopefuls.

But, it's possible that the increase in R1 deposits are from people who will ultimately end up going elsewhere, particularly if Booth moved its deposit deadline earlier than in previous years (and/or peer schools moved their decision dates further back). In any case, we'll all find out in three weeks!

jb88

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24 Feb 2011, 13:23

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discrete83

Worst case scenario: my calculations suggest that we could see an approximately 20-25% decline in Round 2 admits as compared to Round 2 of last year (which would equate to around 120-150 less admits than last year) given the 40% increase in deposits from Round 1 applicants. This would be because the the full year yields will be higher this year. The calculations are below. The numbers are subject to significant change based on the key assumptions.

Your analysis is great stuff, thanks for putting it together. A couple of things to consider: 1) R1 invites were higher than the 50% 2) R2 invites are "roughly half" (Note: GC spreadsheet data does not appear to reflect either of these) 3) # of apps are in line w/ last year so this is correct and Booth is targeting class size of 580 so this is correct 4) Overall admit rate needs to be b/t 20-22%

discrete83

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24 Feb 2011, 13:43

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agreed with most of the points. Analysis doesn't significantly change when you up #s from 49% to 51-52% ish. The take-away is that I think we might only see around 33% to 35% of R2 interviewees get admits this year. That's a significant change from the ~45% rate admits of people who were interviewed in 2010.

Overall rates (admits as a % of total applications) would also creep down this year if class size remains relatively constant. Would expect it to decrease from ~22% to ~18-19%. This is purely as a result of the higher yields (which is puzzling by itself - are more of the Harvard / Stanford / Wharton dings matriculating at Chicago?)

SEOmatt

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24 Feb 2011, 13:48

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discrete83

Great job discrete.

One note - according to the P&Q article on Booth admissions, the typical application pool is rough 30% R1, 60% R2, 10% R3. This will change your percentages slightly.

-SEOmatt

discrete83

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24 Feb 2011, 13:53

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Yup. i also assumed that a higher %age of R1 applications than last year - the +40% increase in deposits seems very high, but higher application volumes would account for that Y-o-Y increase (this effectively increases the forecasted admit% for R2 - otherwise numbers are even lower).

Either way, fingers crossed for now I suppose.

Michmax3

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24 Feb 2011, 14:44

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xaffron9

alienfluid

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

That's even more unfortunate for us R1 waitlisters

Did anyone else notice how the article said an interviewer may ask follow up questions based on your score in certain areas? I thought the interviews were blind?

nkuzmin

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24 Feb 2011, 14:51

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Guys, and girls, you really think that 5% of error in the calculations based on unproved assumptions really helps your application profile? I'm an R1 applicant, who had been waitlisted and your statistics works against me. I want to believe that everyone who needs MBA will get one, if not, he(she) will arrange his(her) life better without taking $160 k loan.

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jb88

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24 Feb 2011, 15:04

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nkuzmin

No, doing all this forecasting and speculation does absolutely nothing to improve our profiles, but it sure does pass the time and make me feel better :lol:

. Based on both anecdotal evidence from admissions officers and students, the deposits are up 40% over last year. Assuming 333 admits in R1 (from discrete's forecast) this could mean that last year 100/333 admits deposited by this time and this year 140/333 (or any other baseline) which doesn't really mean a whole lot, but it could...what if 200/333 last year and this year 280/333. That is a significant increase in yield and very bad for both WL and R2 candidates alike. I think playing with the numbers and asking ?s is healthy, inquisitive, and just what Booth is looking for in its students. Also, I don't see your name on the R1 spreadsheet :problem:

SEOmatt

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24 Feb 2011, 15:18

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jb88

I think playing with the numbers and asking ?s is healthy, inquisitive, and just what Booth is looking for in its students. Also, I don't see your name on the R1 spreadsheet :problem:

Agreed.

nkuzmin

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[1]

Updated on: 26 Feb 2011, 01:43

Originally posted by nkuzmin on 24 Feb 2011, 15:31.
Last edited by nkuzmin on 26 Feb 2011, 01:43, edited 1 time in total.

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jb88

nkuzmin

No, doing all this forecasting and speculation does absolutely nothing to improve our profiles, but it sure does pass the time and make me feel better :lol:

long story short, I'm an international applicant/28/M/710 (mostly because of math, if only I spoke better English:))/5 years in "big 4".

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