The 592 first-year MBA students who will start full-time classes at the University of Chicago Booth School of Business on Thursday, September 24 represent the largest number of incoming students in the school’s history and coincides with the smallest “summer melt” ever recorded by Chicago Booth, the school has announced.
“Summer melt” describes what happens when students who accept an offer of admission for the fall term abandon their deposits and decide not to enrol after all, either for work-related or personal reasons.
“This year, our summer melt was negligible compared to what it was in the past,” said Stacey Kole, deputy dean for the full-time MBA programme. “Because of our high yield this year, we had to turn away many extremely talented candidates on our waiting lists,” she said.
“Several factors likely contributed to the higher enrolment and lower summer melt this year, including our stronger brand presence in the US and globally,” Kole said. Chicago Booth has taken steps to raise its visibility, including increased use of advertising and marketing, she said.
The 592 students in the Class of 2011 compares with the previous record-high enrolment of 577 last year. As a result, full-time enrolment of first-year and second-year students at the school is 1,169.
The incoming MBA class includes 35 percent women, equalling the record high set last year. The average age of the new students in 28 and 18 percent of them already have at least one other graduate degree. Sixteen percent of the students are married and 36 percent are from outside the US.
The largest group of international students is from India (34 students), China (16), Canada (15) and Brazil (14). The number of students from Western Europe increased to 40 this year from 24 last year, led by a big jump in students from France. The Class of 2011 includes 10 students from France, compared with six last year and two in 2007. Enrolment from Asia declined to 78 for the Class of 2011 compared with 94 a year ago. (None of the above figures include EMBA students studying in London and Singapore).
The typical student scored 714 on the Graduate Management Admission Test (GMAT) and had an undergraduate grade point average of 3.53.
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