Let’s talk about waitlists. How many applicants do you anticipate will end up on the waitlist for at least some part of the year? How many of them will be eventually accepted off of the waitlist and what advice would you like to share with any waitlisted applicant who happens to come across this interview transcript?
We are not able to provide the number of those waitlisted each year, because we do not have a pre-determined number in mind. Applicants are placed on our waiting list for two primary reasons:
- We believe they are definitely admissible.
- However, we need more information from the applicant before making a final decision
We provide every waitlisted applicant an opportunity to receive personalized wait list feedback, and our advice is to take advantage of this opportunity.
How are re-applicants viewed by Chicago and what do they need to do to be successful the second time around?
Re-applicants are viewed very positively. Due to the fact that we can say yes to such a small percentage of our applicant pool every year, we greatly appreciate continued interest by a re-applicant. The best advice here is to do one’s best to let the admissions committee know why you are re-applying, and what you believe you have done since your last application that you want to be noticed/considered.
Does your staff re-examine their previous application(s)?
Yes, the original application is reviewed with the updated one.
Describe how the financial aid process works and what admitted students can expect in terms of scholarships, assistantships, and loan guarantees.
Most of our students are eligible for loan dollars, and we do have a limited number of assistantships, which are usually reserved for second year students. As for scholarships, all admitted students are eligible for these dollars, and they are given to about 25% of the incoming class each year, based on the same criteria used by the admissions committee when deciding on admission.
How helpful do applicants generally find a campus visit?
Our research has shown that campus visits can have a major impact on one’s perceptions about a respective MBA program. In our case, over 70% of those who visit us end up applying or enrolling. To that end, we have dramatically increased our campus visit programs. Prospective students, applicants and admitted students are encouraged to visit us any time. In addition, we have some special campus visit opportunities, which are outlined on our website. We welcome visitors!!!!!!
Do you have any special instructions or advice for applicants who wish to visit the business school’s campus?
As mentioned above, we encourage applicants to visit our website to arrange for a visit. However, if that is not possible, by all means, just stop in. We have a daily admissions information session Monday through Friday (11:00 a.m.), followed by a campus tour. There are opportunities to visit classes, have lunch with our students, and meet with an admissions staff member.
What specifically should IT applicants do to differentiate themselves in their applications?
We suggest that applicants follow our application instructions, and simply be themselves. Perhaps this is the best way to differentiate oneself, and we are all unique and different.
Can you briefly describe the housing situation for your students?
Housing opportunities exist in Hyde Park, where over 60% of our first year students reside. This often comes as a pleasant surprise to students, as does the fact that Hyde Park is one of the safest neighborhoods in all of the city of Chicago.
What distinguishes University of Chicago Booth and its students?
- A faculty that is second to none
- An educational approach that forces students to think and ask questions
- A student community that gets stronger every year, in terms of career preparation and extra-curricular involvement
- An MBA program that is lauded while students are with us, but is appreciated even more after they leave