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University of Chicago Booth School of Business
The University of Chicago Booth School of Business (branded as Chicago Booth) is the graduate business school of the University of Chicago, a private research university in Chicago, Illinois. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences, more than any other business school in the world.
Notable Chicago Booth alumni include James O. McKinsey, founder of McKinsey & Company; Peter G. Peterson, co-founder of Blackstone; Susan Wagner, co-founder of Blackrock; Eric Kriss, co-founder of Bain Capital; Satya Nadella, current CEO of Microsoft; and other current and former CEOs of Fortune 500 companies such as Allstate Insurance, Booz Allen Hamilton, Cargill, Chevron, Chipotle Mexican Grill, Credit Suisse, Dominos, Goldman Sachs, IBM, Morgan Stanley, Morningstar, PIMCO, Reckitt Benckiser, and Starbucks.
The University of Chicago Booth School of Business traces its roots to 1898 when university faculty member James Laurence Laughlin chartered the College of Commerce and Politics, which was intended to be an extension of the school's founding principles of "scientific guidance and investigation of great economic and social matters of everyday importance." The program originally served as a solely undergraduate institution until 1916, when academically oriented research masters and later doctoral-level degrees were introduced.
In 1916, the school was renamed the "School of Commerce and Administration". Soon after in 1922, the first doctorate program was offered at the school. In 1932, the school was rechristened as the "School of Business". The School of Business offered its first Master of Business Administration (MBA) in 1935. A landmark decision was taken by the school at about this time to concentrate its resources solely on graduate programs, and accordingly, the undergraduate program was phased out in 1942. In 1943, the school launched the first Executive MBA program. The school was renamed to the Graduate School of Business (or more popularly, the GSB) in 1959, a name that it held till 2008. In 2008, alumnus David G. Booth (MBA 1971) gave the school a gift valued at $300 million, and in honor of the gift, the Graduate School of Business was renamed the "University of Chicago Booth School of Business".
During the latter half of the twentieth century, the business school was instrumental in the development of the Chicago School of economics, an economic philosophy focused on free-market, minimal government involvement, due to faculty and student interaction with members of the university's influential Department of Economics. Other innovations by the school include initiating the first PhD program in business (1920), founding the first academic business journal (1928), offering the first Executive MBA (EMBA) program (1943), and for offering the first weekend MBA program (1986). Students at the school founded the National Black MBA Association (1972), and it is the only U.S. business school with permanent campuses on three continents: Asia (2000), Europe (1994), and North America (1898).
On October 1, 2024, following a gift of $60 million from alums Clifford Asness (MBA 1991, PhD 1994) and John Liew (BA 1889, MBA 1994, and PhD 1995), the school's Master in Finance Program was renamed the "Asness and Liew Master in Finance Program."
On April 15, 2025, following a gift of $100 million by alumnus Konstantin Sokolov (MBA 2005), the school's Executive MBA program was renamed the "Sokolov Executive MBA Program".
In Chicago, the Booth School has two campuses: the Charles M. Harper Center in Hyde Park, which houses the school's full-time MBA and Ph.D. programs, and the Gleacher Center in downtown Chicago, which hosts the part-time Evening and Weekend MBA Programs, Chicago-based Executive MBA Program, and Executive Education courses. Chicago Booth also has a campus in London, a short walk from St Paul's Cathedral, hosting the EMBA Program in Europe and Executive Education classes. Lastly, Chicago Booth has a campus in Hong Kong, located in the Hong Kong Jockey Club University of Chicago Academic Complex.
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University of Chicago Booth School of Business
The University of Chicago Booth School of Business (branded as Chicago Booth) is the graduate business school of the University of Chicago, a private research university in Chicago, Illinois. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences, more than any other business school in the world.
Notable Chicago Booth alumni include James O. McKinsey, founder of McKinsey & Company; Peter G. Peterson, co-founder of Blackstone; Susan Wagner, co-founder of Blackrock; Eric Kriss, co-founder of Bain Capital; Satya Nadella, current CEO of Microsoft; and other current and former CEOs of Fortune 500 companies such as Allstate Insurance, Booz Allen Hamilton, Cargill, Chevron, Chipotle Mexican Grill, Credit Suisse, Dominos, Goldman Sachs, IBM, Morgan Stanley, Morningstar, PIMCO, Reckitt Benckiser, and Starbucks.
The University of Chicago Booth School of Business traces its roots to 1898 when university faculty member James Laurence Laughlin chartered the College of Commerce and Politics, which was intended to be an extension of the school's founding principles of "scientific guidance and investigation of great economic and social matters of everyday importance." The program originally served as a solely undergraduate institution until 1916, when academically oriented research masters and later doctoral-level degrees were introduced.
In 1916, the school was renamed the "School of Commerce and Administration". Soon after in 1922, the first doctorate program was offered at the school. In 1932, the school was rechristened as the "School of Business". The School of Business offered its first Master of Business Administration (MBA) in 1935. A landmark decision was taken by the school at about this time to concentrate its resources solely on graduate programs, and accordingly, the undergraduate program was phased out in 1942. In 1943, the school launched the first Executive MBA program. The school was renamed to the Graduate School of Business (or more popularly, the GSB) in 1959, a name that it held till 2008. In 2008, alumnus David G. Booth (MBA 1971) gave the school a gift valued at $300 million, and in honor of the gift, the Graduate School of Business was renamed the "University of Chicago Booth School of Business".
During the latter half of the twentieth century, the business school was instrumental in the development of the Chicago School of economics, an economic philosophy focused on free-market, minimal government involvement, due to faculty and student interaction with members of the university's influential Department of Economics. Other innovations by the school include initiating the first PhD program in business (1920), founding the first academic business journal (1928), offering the first Executive MBA (EMBA) program (1943), and for offering the first weekend MBA program (1986). Students at the school founded the National Black MBA Association (1972), and it is the only U.S. business school with permanent campuses on three continents: Asia (2000), Europe (1994), and North America (1898).
On October 1, 2024, following a gift of $60 million from alums Clifford Asness (MBA 1991, PhD 1994) and John Liew (BA 1889, MBA 1994, and PhD 1995), the school's Master in Finance Program was renamed the "Asness and Liew Master in Finance Program."
On April 15, 2025, following a gift of $100 million by alumnus Konstantin Sokolov (MBA 2005), the school's Executive MBA program was renamed the "Sokolov Executive MBA Program".
In Chicago, the Booth School has two campuses: the Charles M. Harper Center in Hyde Park, which houses the school's full-time MBA and Ph.D. programs, and the Gleacher Center in downtown Chicago, which hosts the part-time Evening and Weekend MBA Programs, Chicago-based Executive MBA Program, and Executive Education courses. Chicago Booth also has a campus in London, a short walk from St Paul's Cathedral, hosting the EMBA Program in Europe and Executive Education classes. Lastly, Chicago Booth has a campus in Hong Kong, located in the Hong Kong Jockey Club University of Chicago Academic Complex.
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