Chicago Booth’s doctoral program in business – the first established in the United States – trains prospective scholars to become highly skilled and innovative researchers. Chicago Booth’s PhD Program is a full-time course of study. Most students take five years to complete degree requirements and defend their dissertation. Students begin active research at an early stage and work closely with faculty throughout the program. They are also quickly drawn into the school’s intellectual environment by participating in workshops, where the work of fellow researchers is vigorously discussed and debated.

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Course Information

University

University of Chicago

School / College

Chicago Booth School of Business

Course Duration

5 Years

Class Size

20

University Ranking

2015 US News Rank : 5

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Financials

Tuition Fees

Scholastic Residence : $48,060 (3 quarters)
Advanced Residence : $24,030 (3 quarters)

Cost of Living

 

Scholarships

Financial Assistance

All students who are admitted to the PhD Program are automatically considered for financial assistance consisting of a tuition grant, stipend support, and health insurance (basic plan for a single student only). Financial assistance is granted on the basis of the student’s potential for scholarship and creative research. Students may work at part-time jobs and as teaching and research assistants to supplement their income. Such additional income will not reduce the financial assistance award.

Tuition Grants

Full tuition support is available for five years of full-time study, conditional on satisfactory progress in the program.

Stipends

Students who are offered stipend support with admission to the program will continue to receive stipend support for four years of full-time study, provided they continue to make satisfactory academic progress. In the fifth year, students may apply for fifth-year funding; this is awarded based on their progress in the program.

Research Assistants (RA) and Teaching Assistants (TA)

The PhD Program imposes no work requirements during the first and second years, so that student can devote all their energies to their studies. During the third and fourth years in the program, students are guaranteed the opportunity to serve as a teaching assistant.

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Course Details

Course Structure

To complete the PhD program, students must select a dissertation area from one of the following disciplines in business :

• Accounting
• Econometrics and Statistics
• Economics
• Finance
• Management Science/Operations Management
• Managerial and Organizational Behavior
• Marketing
• Organizations and Markets

The student will also select a support area, and must complete successfully the general examination requirements in both areas. Additional coursework includes a coordinated sequence of three courses that are not in the dissertation or support area.
Doctoral students must also:
– Participate in a dissertation area workshop during the second and third program years
– Write and present an original paper at a curriculum paper workshop
– Propose and conduct a piece of original research for the dissertation
– Defend the dissertation

International Exchange & Double Degrees

Joint Program in Financial Economics

The joint PhD program in Financial Economics was established in the 2006-07 academic year and is run jointly by Chicago Booth and the Department of Economics in the Division of the Social Sciences.

The aim of this program is to exploit the strengths of both sponsors in training PhD students interested in financial economics. Core economics training is valuable for students seeking to do research in financial economics, and advances in financial economics have important spillovers to other areas of economics.

It has long been a tradition in the Department of Economics to feature core economics training for their PhD students, and Chicago Booth has a well recognized excellence in finance. Students in the joint program benefit from broad sets of instructors and classmates in both the Economics Department and Chicago Booth.

Internships

The PhD Program imposes no work requirements during the first and second years, so that student can devote all their energies to their studies. During the third and fourth years in the program, students are guaranteed the opportunity to serve as a teaching assistant.

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Requirements

Research & Technical Papers

Each PhD student will focus their research in one of these dissertation areas. Each area is supervised by a faculty member who advises students and helps them plan a course of study.

• Accounting : The PhD Program at Chicago Booth is one of the preeminent PhD programs in accounting, with a list of graduates who have played a central role in the evolution of modern accounting research. The American Accounting Association periodically awards a prize for Seminal Contributions to the Accounting Literature.
• Finance : The finance program is concerned with such areas as (1) the behavior and determinants of security prices, including stocks, bonds, options, and futures; (2) the financing and investment decisions of firms; (3) corporate governance; (4) the management and regulation of financial institutions. Students take courses from both Chicago Booth and the Department of Economics as part of their training.
• Econometrics & Statistics : Econometrics and statistics are concerned with the combination of economic, mathematical, and computer techniques in the analysis of economic and business problems such as forecasting, demand and cost analyses, model building, and testing empirical implications of theories.
• Marketing : The program defines marketing broadly as the study of the interface between firms, competitors, and consumers. This includes, but is not limited to, consumer preferences, consumer demand and decision making, strategic interaction of firms, pricing, promotion, targeting, product design/positioning, and channel issues. The program is designed for those seeking careers as professors at leading research institutions.
• Economics : The range of study in economics is quite broad and includes the traditional topics of micro-analysis and macro-analysis such as price theory, market structure, industrial organization, the banking system, and the flow of national income. Students take advantage of a wide range of course offerings in both Chicago Booth and the Department of Economics and write their dissertations in industrial organization, labor economics, macroeconomics, microeconomics, or related areas.
• Organizations & Markets : The organizations and markets program at Chicago Booth prepares students for academic careers in strategy and (macro) organizational behavior. This area focuses on theory and research on organizations and markets, emphasizing training in the social networks of competition and cooperation, the ways in which actors organize to manage their variable interdependence within a social structure and the attitudinal and behavioral implications of the resulting social organization.
• Managerial & Organizational Behavior : Managerial and organizational behavior (MOB) focuses on how people use information and make decisions and how they interact with one another in dyads, groups, and organizations. Studies in this area draw on theory and research from cognitive and social psychology, economics, and other related fields.
• Management Science/Operations Management : Management science is concerned with the application of mathematics and and computer methods to management problems. Primary areas of concern are mathematical programming, queuing theory, and inventory theory. The field of operations management applies the underlying methodologies of management science to deal with the problems of developing, producing, and delivering goods and services. The focus is on how to combine concepts, models, and data to help managers develop better systems and make better decisions concerning operations.

Text / Exam Scores

• GMAT and GRE : Applicants must also complete the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE). For most areas of study, applicants may take either the GMAT or GRE. Exceptions are:

  – For Economics – GRE is required.
  – For Finance – GRE is preferred; GMAT is acceptable.
  – For the Joint Program in Financial Economics – GRE is required.
  Applicants must indicate the correct institution codes when taking the tests to have scores sent directly to the Chicago Booth PhD program. For the GMAT, the PhD Program institution code is H9X-9F-05. For the GRE, the PhD Program code is 1501. It is the applicant’s responsibility to ensure that test scores are submitted to Chicago Booth’s doctoral program before January 1. To meet the application deadline, we recommend applicants take the required tests by September. GMAT and GRE Scores are valid for five years; older scores will not be considered. Prior coursework or degrees at the graduate level (e.g. MBA or master’s degrees) do not exempt you from submitting either the GRE or GMAT as part of your application.

• Fluency in English : The Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) is required of international applicants whose native language is not English.

Work Experience

Relevant full-time professional work experience is required in anywhere . Those with more than three years of experience are welcome to apply to any of the four Evening MBA Program application deadlines.

Recommendations

Two letters of reference is required.

Presentations/Group-Discussions/etc.

No specific information has been known to us about this.However we are in process to procure the same.Do visit this page again for the same information.

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Application Details

Universtiy Contact

 

Application Deadlines

application deadline is January 1

Course Start Date

No specific information has been known to us about this.However we are in process to procure the same.Do visit this page again for the same information.

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Careers & Employment News

Employment Services

The PhD Program matriculates new students in the autumn quarter only. There is no part-time or weekend option in the PhD program. Applications have to be in the PhD Program Office by January 1 of each year for matriculation in September. You may only apply to one dissertation area per year. Applicants will be notified of their admissions decision by email in early March. Please note that we will not be accepting applications to the consumer behavior track of the marketing dissertation area for the 2012 – 13 academic year.

Application Materials

To apply, you will need to complete and submit:

• Application for admission
• Non-refundable application fee ($65)
• Official GMAT or GRE scores (depending upon the dissertation area you are applying to)
• Official TOEFL/IELTS scores (international applicants only)
• Official transcripts from all institutions attended after high school
• Two letters of reference
• Resume
• Essay
• Writing sample optional for all dissertation areas (10-page limit)

If possible, please submit all these materials together, except the GMAT or GRE (and, if applicable, TOEFL/IELTS) scores. Applications that are incomplete at the deadline date will not be considered for admission.

Applying

The application for 2013 admission will be available through chicago booth website in September.

Employment Stats

Chicago will help you focus and apply your initiative and energy to take ownership of your career and professional development. Chicago are committed to working closely with you to refine your career goals and successfully navigate the job search process. Career Services delivers innovative educational programming, offers individualized one-on-one coaching, and provides access to outstanding job search tools so that you can develop a solid skill set to take you wherever you want to go.

Career Events

Career Services delivers innovative educational programming, offers individualized one-on-one coaching, and provides access to outstanding job search tools so that you can develop a solid skill set to take you wherever you want to go. The Kenneth G. Fisher Career Resource Center at Gleacher holds a vast array of reference materials which set the standard for business school career information centers.

Top Recruiters

Chicago will help you focus and apply your initiative and energy to take ownership of your career and professional development. Chicago are committed to working closely with you to refine your career goals and successfully navigate the job search process. Career Services delivers innovative educational programming, offers individualized one-on-one coaching, and provides access to outstanding job search tools so that you can develop a solid skill set to take you wherever you want to go.

• Industry Overviews: You’ll gain an introduction to a variety of career paths, industries, and functions as Chicago Booth alumni and corporate friends return to campus as experienced marketers, consultants, bankers, investment managers, and strategic planners to talk about their professional lives.
• Career Management Programs: The more you know about your work values, interests, goals and skills, the better equipped you are to make the right career choices. We help you to articulate the value you provide employers and help you focus on finding the right fit. From self-assessment to resume writing to interview preparation, we offer programs that meet your needs.

As an Alumnus

Career Services knows our alumni have to be prepared to successfully navigate several career transitions. That’s why we provide career support to help you maintain your professional edge for the life of your career. Here are some of the ways we help.

• Chicago Booth Resume Database for Alumni and Part-Time Students: You can upload your resume to this database that connects Chicago Booth alumni with top companies and executive search firms throughout the world.
• Individualized one-on-one coaching: Career Services offers coaching where you can address specific challenges you may be encountering in your job search.
• Online job postings: Alumni have access to online postings and can subscribe to email list serves that keep them informed of job postings.
• CareerCast: This online, audio recording series allows you to hear experts discuss a variety of career development topics including making an industry or function change, managing employees or taking the entrepreneurial plunge.

You won’t be on your own when it comes to your job search. Career Services offers you a strong support team, skills and planning resources, and information resources to help you refine your career goals and navigate the recruiting process.

Skills and Planning Resources
As you develop a job search strategy we’ll help you gain the tools you’ll need to go after your career goals. From determining what career path is right for you to positioning yourself in the marketplace, as well as learning how to manage the interview process and handle job offer negotiations, our assistance and training will support you as you direct and redefine your professional career.
– Web-based tools and assessments to explore your interests, values and talents as well as what activities and environments motivate you.
– Coaching tailored to your individual needs, including reviewing your career goals and choice, developing a job search strategy, understanding job functions, preparing for an important interview and negotiating offers.
– Career development programming that focuses on issues such as investigating industries and job functions, learning how to network, positioning your experiences and developing your marketing message.
– Workshops on specific aspects of the job search such as resume and cover letter writing, interviewing, researching companies and relationship building.

Career Development Resources

Information is key to a successful job search. You’ll want to know about a particular industry, salary ranges, what a specific job involves, the latest company news and more. Chicago Booth has several ways to make sure you have all the information you need to achieve your career goals.

• Employment reports: Reports include class profiles; past Chicago Booth hires by function, industry, and location; and major employers and job sources of Chicago Booth students from the past five years.
• The Fisher Library: Located at the Gleacher Center, the Fisher Library offers access to a wealth of online databases for company and industry information. Electronic resources are augmented by a significant collection of career-related materials in print.
• Resume databases: We archive resumes from previous Chicago Booth classes. You can search through the database to find successful resume examples for all types of jobs and experience.
• Career Services Blog: We provide frequent updates on employer activity including recent conversations with recruiters, hiring managers, and alumni to keep you apprised of the marketplace. We also include best-practice career management information.

Campus & Alumni Community

No specific information has been known to us about this.However we are in process to procure the same.Do visit this page again for the same information.

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Apply Now

How to Apply

Applicants must hold a four-year bachelor’s degree from an accredited university (or expect to receive one by the time they enter the program).

International Applicant Information

An international applicant is anyone who is not a U.S. citizen or U.S. permanent resident at the time of application to Chicago Booth.

You must submit official academic records (transcripts or mark sheets) with grading scales for each year of college or university education completed or in progress, as well as official copies of degrees awarded. Photocopies and facsimiles of the documents are not acceptable. Records must provide information on the content and quality of your performance, courses taken each year, and grades received. Class rank should be noted whenever possible. Official credentials must bear the official seals and signatures of the registrar or a university official. Have the official sign across the back flap of the envelope.

You must submit both original language records and official English translations. All translations must be literal and complete versions of the original records, and must be prepared or verified by someone whose position requires a knowledge of both English and the original language. All supporting materials must also be in English.

Eligibility

Not all international degrees are comparable to the U.S. four-year bachelor’s degree. The University of Chicago Booth School of Business reserves the right to review the academic records of all international applicants and to determine whether the academic credentials presented from a non-U.S. institution are comparable to the U.S. bachelor’s degree. Applicants holding only professional diplomas or higher certificates or members of professional associations such as the Institute of Chartered Accountants are not qualified to apply for admission unless they also hold recognized university degrees or titles as mentioned below. Minimum academic requirements are described below for countries requiring clarification in some specific areas.

Bangladesh, India, Pakistan, Sri Lanka:

A four or five year bachelor’s degree or a three year bachelor’s degree and a master’s degree (one year of a two-year master’s program is not sufficient).

British-patterned Educational Systems (including Anglophone Africa, Australia, New Zealand, and the United Kingdom):

International Applicant Information

Honor’s bachelor’s degree.

Canada:

Three-year bachelor’s degree from Quebec; four-year bachelor’s degree from all other provinces. Honors degrees required if offered by the university.

France (or French-patterned educational systems):

A maîtrise or a diplôme requiring four years of postbaccalaureate study from a university or a grand école.

Germany:

A university Diplom, Magister Artium or Staatsexamen. Graduates of Fachhochschulen are not eligible.

Indonesia:

Sarjana or sarjana lengkap – awarded after five years of university study.

Mexico, Spain, Central and South America:

Completion of all courses and thesis or professional exams required for the titulo or degree of licenciatura or bacharel.

The Netherlands:

Doctorandus, ingenieur, or meester.

People’s Republic of China:

A bachelor’s degree representing four years of university study. Official academic records, including a graduation certificate in Chinese, must be accompanied by a complete English translation listing all courses and grades. All records must be certified by the issuing institution.

Philippines:

A program that is a minimum of five years in length or a master’s degree.

Scandinavia:

A university diploma awarded after four or more years of study.

Switzerland:

Licence or diplome or diplom – four to five years of university study.