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Two of the other M7 schools, Kellogg and MIT Sloan, do not divulge application numbers with their class profiles. Columbia Business School, which does, has yet to publish their Class of 2025 profile.

Despite the decline in apps, Booth, ranked second in the U.S. in Poets&Quants‘ latest ranking, matched its record high in the proportion of women in the MBA at 42%, the same level it reported in 2016, 2018 and 2021. International students dipped slightly to 36%, and countries represented in the class declined to 54; but as the school reports, 49% of its new class were born outside the U.S., including 3% from Africa, 17% from Asia, 11% from Central/South America and Mexico, and 3% from Europe.

M7 SCHOOLS’ MBA CLASS OF 2025: BY THE NUMBERS

*Median

**Middle 80%

NEW SCHOOL RECORDS FOR VETERANS, FIRST-GEN & LGBTQ+ STUDENTS

Booth’s diversity was amplified this year in other ways, particularly in the enrollment of U.S. minorities, who grew to 49% of the class (per federal reporting guidelines) from 48%, and from 44% two years ago. The school’s under-represented minorities grew to 22% of the class from 19% last year and 12% in fall 2021. The class is composed of 11% veterans (up from 8%) and 12% of those who identify as LGBTQ+ (up from 7%), as well as 12% who are the first in their families to graduate from college — all three categories representing new school records.

Booth’s new MBA class comes from 277 undergrad institutions, up from 264 last year. Last year, 25% apiece came to Booth with a business or economics degree, and 24% with an engineering degree; liberal arts majors comprised 13%, while physical sciences majors were 9% of the class. Seventeen percent of the class already had graduate degrees. This year, 26% have business degrees, 20% have economics degrees, and 25% engineering degrees; 14% are liberal arts majors and 8% are physical sciences majors. Nineteen percent already have advanced degrees.

For pre-MBA industries, last year consulting dominated at 25% of the class, and finance was second at 19% (plus 5% for PE/VC). Techies comprised 13% of the Class of 2024, “other” was 12%, while nonprofit/government folks were 11%. Healthcare was 6%, followed by energy (4%), accounting (2%), consumer products (2%), and manufacturing (1%). This fall, consulting (18%) is second to financial services (19%), followed by tech (15%), nonprofit/government (14%), PE/VC (7%), healthcare (7%), consumer products (3%), energy (2%), manufacturing (2%), and accounting (1%).

“We’re delighted to see campus back in full swing and to welcome the newest class of Boothies to our community,” Donna Swinford, Booth School associate dean for student recruitment and admissions, tells Poets&Quants. “We were impressed with the quality of backgrounds in our Class of 2025 and are excited to be part of their MBA journey going forward. As with many other industries, our MBA program is subject to cycles and market conditions, however Chicago Booth continued to see great quality and interest within the 2022-23 applicant pool. In fact, we just enrolled the largest class of full-time MBA and joint-degree students this fall, including a record number of first-generation students, LGBTQ+ students, veterans, and women. And we’re already seeing indicators of strong interest among this year’s Round One applicants.

“On the employment front, recruiters continue to seek out Booth talent, as evidenced by record median salaries for Booth’s Class of 2022, more than 50 percent of companies hiring four or more graduates, and strong early returns for the Class of 2023.”

DON’T MISS MBA CLASS OF 2024: FULL SPEED AHEAD FOR CHICAGO BOOTH DESPITE APP DECLINE and FOR BUSINESS SCHOOLS, 6 ‘PATHWAYS TO INNOVATION’

AND SEE POETS&QUANTS’ COVERAGE OF OTHER LEADING B-SCHOOLS’ MBA CLASSES OF 2025: 

HARVARD

WHARTON

KELLOGG

DARTMOUTH TUCK

YALE SOM

VIRGINIA DARDEN

DUKE FUQUA

CORNELL JOHNSON

UCLA ANDERSON

USC MARSHALL

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