New Venture Challenge: Booth Moments (Essay)

Booth Entrepreneurship has the largest number of participants compared to the 13 other concentrations offered in the full-time MBA program. The Entrepreneurial finance and private equity course provide financing goals from the Entrepreneur and the Venture Capitalist’s point of view.

After the Financing part is understood, students will learn to anticipate problems in new venture creation and learn to categorize businesses to qualitative models. Real cases, give entrepreneurial Booth MBA students the skills to balance resources (human and finance) with sales channels, and to position the start-up brand in a niche market.

Students will also develop execution plan in four function areas - sales, marketing, product development, and operations. Once the Finance, Strategy, and fundamentals of building a new venture are mastered, students will develop a Business Plan, and present them to leading Entrepreneurs and Venture Capitalists for feedback.
Finally, Booth MBAs will focus on improving shareholder value through innovation and commercializing technologies in sectors as broad as retail, healthcare, telecommunications, and consumer service. The courses and related activities are provided through the Polsky Center for Entrepreneurship and Innovation, and facilitate the application of Entrepreneurial concepts through conferences, competitions, and global collaborations.
The New Venture Challenge is the most popular competition in the Entrepreneurship Concentration. Students with a viable Business idea that has the potential to scale up to a commercial product are encouraged to take part in the competition.

Other opportunities for Entrepreneurial Booth MBA candidates include:

Entrepreneurship and Venture Capital Conference
- a platform to exchange ideas and receive mentorship from experienced venture capitalists

Hyde Park Angels
- a group of Entrepreneurs, Venture Capitals, and former executives donates their time and money on promising start-ups

Park Angels - a group of current and former executives, entrepreneurs, and venture capitalists who are interested in investing their time and money in high-potential start-ups.

Glencoe Capital Venture Capital Investment Competition
- a competition where the roles will be reversed and students will play the role of a venture capitalist, making investment decisions for the VC community

Midwest Alternative Energy Venture Forum - a multi-stakeholder platform for Entrepreneurs, Venture Capitalists and researchers interested in green technologies

The Hamer Small Business Initiative addresses the opportunities and challenges faced by small business owners in Chicago. The interesting part is that the finance and consulting professionals from Booth MBA will service the small business market that accounts for 99.7% of all Employers in the US.

The above excerpt is from
Chicago Booth MBA Essay Guide

Also Included in the Essay Guide

Download 2017-18 Chicago Booth MBA Essay Guide

Booth MBA Essay Guide

1. Demonstrates how to turn your story into an interesting narrative .
2. Offers Context and explains the 6 Chicago Booth Moments: Modern Art, Teamwork and Individual Ambition, Adventure, Diversity, Classroom Experience and Harper Centre. 

3. Summarizes the Student Groups and how it can add value to your post-MBA journey.

4. 150+ Pages of Essay Writing and Editing Tips

Download 2017-18 Chicago Booth MBA Essay Guide

Top 31 MBA Programs + Analysis of 24 Industries (United States)

We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).

Pages: 327


"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

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(2018 Entering Class)

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