Chicago Booth MBA's tuition fee for a single academic year in 2024-25 is $84,198, and for the total MBA program, the tuition fee is $168,396, which saw an increase of 4% from 2023.
The first-year Wharton MBA tuition fee is $84,830 whereas the tuition fee for the second year is $83,830.
Close to 50% of all deals lose money, 20% make 1-2x the initial investment, 15% make 2-5x deals, and 10% make 5-10x. Just 6% make more than 10x - according to a study conducted by Horsley Bridge, a private equity firm - reiterating the value of 'risk' in gaining a significant return.
The framework and philosophy of risk-taking have attracted a significant percentage of young talent to the industry. Known as a type of Private Equity with a return horizon of 5-10 years, VC offers its investors exit through an IPO, Merger, or acquisition.
In the 5th part of the Career Planning Analysis for military applicants, we cover Duke Fuqua MBA
Duke University's Fuqua School of Business stands out for its diverse class and welcoming military members and veterans. Approximately 19% of Fuqua's student body comprises individuals with U.S. military backgrounds.
In the 4th part of the Career Planning Analysis for military applicants, we cover McCombs MBA
The University of Texas at Austin's McCombs School of Business exhibits a commitment to inclusivity by actively engaging and supporting military-affiliated students, constituting 14% of the Class of 2025.
In the 3rd part of the Career Planning Analysis for military applicants, we cover The Notre Dame MBA
The University of Notre Dame's Mendoza College of Business has a rich history of supporting veterans, dating back nearly 150 years, rooted in the university's involvement in training naval officers during World War II. Today, Notre Dame maintains strong ties with the military through Reserve Officers' Training Corps (ROTC) programs for the Marines, Navy, Air Force, and Army.
In this 2nd part of the Career Planning Analysis for military applicants, we cover Ross MBA.
The Ross School of Business at the University of Michigan in Ann Arbor prioritizes the inclusion and support of military-affiliated students, with veterans constituting 7% of the Class of 2024.
Curriculum – Full-time MBA
In this 1st part of the Career Planning Analysis for military applicants, we cover Emory Goizueta Military MBA
Pursuing an MBA from a top Business School is key to making it big in the Venture Capital Industry if you don’t have any entrepreneurial experience or a Finance background.
While one could start off as an Analyst or as an investment banker after a Bachelor’s degree and then move on to an Associate position, getting an MBA significantly improves the odds of promotion.
The Career of a VC transitions from Senior Associate to Vice-President or Principal to Junior Partner to Senior/Partner to a Managing Director/General Partner role.
Almost all top MBA schools around the world have specialization or elective courses that deal particularly with venture capital. This is in line with the significant percentage of post-MBA graduates going into the venture capital industry or working with VCs as product managers and entrepreneurs.
Stanford Graduate School of Business, Harvard Business School, and Chicago Booth have the largest percentage of alumni working as venture capitalists.
Established in the 1990s, the Jefferson Fellowship Program shortlists outstanding candidates from around the world who exhibit strong leadership qualities.
The Jefferson Scholars Foundation's measures look closely at instances of ethical leadership, diplomatic intervention and decisive action, a proven ability to translate ideas into action, and a stellar academic record.
The Oculus Fellowships, started in 2020-21, recognizes exceptional leadership potential and academic competence in applicants.
Named after the Oculus, the circular opening in the dome of the hall, the fellowships symbolize the impact of the presence of enlightened students in the university and the MBA program.
Similar to most cohort-based fellowship programs, Oculus fellows enjoy exclusive access to famed Darden alum and receive mentorship from senior leadership and benefactors to the Oculus Fellowships.
Established in 1988 by Frank Batten, the founder of The Weather Channel and the former chairman of the Associated Press, the Batten Media Fellowships at Darden MBA aims to provide professionals with at least three years of experience in the news media with the opportunity to pursue an MBA. The program has welcomed Batten Media Fellows from renowned media outlets, such as ABC News, CNN, National Geographic, and The Washington Post.
IMD and INSEAD have structured their curriculum with focus on two different learning objectives. IMD with building skills for those working in the Consulting and Operations functions while INSEAD for those in the Finance and Consulting industries.
IMD: Four phases are included in the one-year IMD Full-Time MBA Program.
Securing a role in Green Energy Transition Consulting demands a strategic blend of skills.
Essential competencies include expertise in renewable energy feasibility studies, energy efficiency, and environmental management.
Proficiency in Carbon and GHG accounting, collaborative work with stakeholders, and a passion for the green transition are crucial.
Candidates typically require 1-5 years of technical or business consulting experience, with senior roles requiring 10-15 years.
When MBA applicants discuss about Energy careers, they often share the challenges of not having any resources that captures just ‘Green and Clean Energy’ and not just Sustainability, which also includes inclusive growth, equity and representation of women and underrepresented minorities.
In this analysis, we have shortlisted three MBA programs that are leading in Green Energy Consulting and Green Energy Transition.
With the majority of the latest class choosing Consulting, the Fuqua Client Consulting Practicum (FCCP) is the bridge that helps candidates transition to the new role. Every September, applications are sought from clients with a brief on the company problem and what the Fuqua MBA candidate is expected to solve.
What is the team size of Duke Fuqua FCCP?
With 5% of the Stanford MBA Class opting for multiple academic disciplines along with the MBA program, dual and joint degree programs are popular options for the entering class.
For a Joint Degree program, the credit from a course will be accounted for both degrees.
A joint degree program is awarded along with Stanford MBA, with just one restriction – you can’t earn more than one joint degree program that includes MA Education, MPP, MS in Computer Science, MS in Electrical Engineering, and MS in Environment and Resources.
Experiential Learning vs. Case Study Method is a deeply debated topic. One goes with the assumption that learning through action is the best form of reinforcement learning while Case Study Method values the power of reflection instead of just experiential learning that has strict limitations on the potential solutions.
The TRIUM EMBA offers a targeted Global Learning program designed to accommodate executives who have restrictions from taking too many days away from their roles.
HEC Paris EMBA with a post-MBA salary of $323,515 ranks third in the Top 5 EMBA on the Post-MBA salary list.
Despite having one campus location, UCLA Anderson provides a wealth of global learning experiences through three key programs - The International Business Residential program, Global Immersion program and the International Exchange Program.
The Booth EMBA program leverages the strengths of the US, the UK, and Asia with a three-campus structure in Chicago, London, and Hong Kong, with each campus offering unique opportunities.
Mendoza College of Business, with a $35,000 median sign-on bonus, ranked #1 among the Top 30 US MBA programs on Sign on Bonus.
Mendoza was followed by Chicago Booth in second place with $33,000 median sign on bonus, whereas 16 of the remaining Top 30 US MBA offered $30,000 sign on bonus each.
Stanford MBA program tops the list of Median base salary with $182,500 followed by Chicago Booth with a median base salary of $180,000.
The third position is a tie among 12 MBA programs with a median base salary of $175,000, which includes Yale, Columbia, Wharton, Kellogg, NYU Stern, Darden, Cornell, Fuqua, McCombs, Tuck, Harvard, and Ross.
MIT remained $5000 behind the average median salary at fourth place.
Paul Merage School of Business and Board College of Business offered the lowest salary among the Top 30 US MBA programs at $120,000.
F1GMAT's Winning MBA Essay guide will teach you how to transform your essay into a life journey with trials and tribulations that will move the admission team.
+ Over 245 Sample Essays (Read Previews of F1GMAT's Winning MBA Essay Guide Sample Essays here)
F1GMAT's Essay Guides
Harvard MBA Essay Guide (20 Sample Essays)
Example #1: Persistence Narrative
Background Information: The applicant – a design and music talent, shares her journey through several setbacks. She attributes curiosity to her growth.
Curiosity: Philosophy
Curiosity (Explained): Curiosity as a philosophy is tough to translate into a narrative unless you are from the creative industry or your contributions had an influence on a solution or an initiative.
MBA Essay Strategy: I wanted to capture the humanity of the applicant and her influence in music instead of just highlighting how she overcame multiple roadblocks to gain attention as a designer.
Theme: Persistence
Read: Harvard MBA Curiosity Essay – Life Starts at NO (Growth-Oriented HBS MBA Essay Example)
Example #2: International Community Building
Background Information: The applicant, a Machine Learning (ML) entrepreneur specializing in healthcare diagnostics, shares how his curiosity to learn other ML algorithms’ evolution in diagnosing Alzheimer’s, cancer, and heart disease transformed his platform into a global community.
MBA Essay Strategy: I wanted to show the applicant’s contributions in diagnostic from 2020 to 2024 by citing two events. Such examples build credibility instead of engagements that were recent. The evolution of the platform from an AI development community to a community for discussing the application of AI in diagnostics is captured through a ‘curiosity’ angle.
Read: Harvard MBA Curiosity Essay – Growth through Collaboration (AI in Healthcare) (Growth-Oriented HBS MBA Essay Example)
Example #3: Culture
Background Information: The applicant, an Entrepreneur from India narrates his first entrepreneurial experience – facilitating exchange of stamps in the late 1990s.
Theme: Culture
MBA Essay Strategy: Instead of addressing the biases in the investor community that could turn preachy, I wanted to focus on the applicant and his entrepreneurial journey by citing two entrepreneurial experiences – a platform(club) for stamp collection and his Grocery delivery App.
Read: Harvard MBA Curiosity Essay – The American Dream (Growth-Oriented HBS MBA Essay Example)
Example #4: Addiction
Background Information: The applicant – a beneficiary of the foster home system, captures the sacrifice his adopted grandparents made to save him from a path of addiction. Paying it back through early intervention among teenagers and community engagement is the curiosity narrative.
Theme: Addiction
MBA Essay Strategy: My strategy is to capture a gratitude narrative in the first one-third of the essay to demonstrate motivation for starting the venture and dedicate the latter part of the essay to the unique solution
Read: Harvard MBA Curiosity Essay – Drug Addiction and Gaming (Growth-Oriented HBS MBA Essay Example)
Example #5: Scarcity
Background Information: The applicant, an education major, recognizes that 70% of all students in Kenya don’t have a computer. The curiosity that drives him to pivot from one solution to another is the growth narrative.
Theme: Innovation
MBA Essay Strategy: Often, innovation is captured with a ‘hero’ narrative where the applicant is the sole originator of an idea. I wanted to break that cliché and include a person from whom the applicant learned to use a concept called ‘scaffolding.’
Read: Harvard MBA Curiosity Essay – Scarcity (Growth-Oriented HBS Essay Example)
Example #6: FinTech
Background Information: The applicant captures a vulnerable moment of a beneficiary to compare his journey of side hustle before a technology giant noticed his talent. Although cryptocurrency is not a flavor for the year, capture niches where innovation is still happening.
Theme: Education, Child Welfare
MBA Essay Strategy: Empathizing with a techno solution is tough without a strong backstory around the beneficiary. For the essay, I wanted to clearly establish the beneficiary – Rami, before the applicant narrates the similarities to his journey and finally shares the solution that emerged from his curiosity.
Read: Harvard MBA Curiosity Essay – FinTech as a Tool for Good (Growth-Oriented HBS MBA Essay Example)
Example #7: Learning from the best
Background Information: The applicant – a Remote Engineer in the Oil and Gas industry, reflects on a value that has helped her learn from the best regardless of her geographical limitations.
Theme: Learning
MBA Essay Strategy: The effectiveness of the case-study method depends on the assumption that peers in a Harvard MBA class will help elevate your learning experience. For the essay, I have highlighted the applicant’s recognition of this value proposition with three examples.
Read: Harvard MBA Curiosity Essay – Learning from the Best (Growth-Oriented HBS MBA Essay Example)
Example #8: Military & Search for IMPACT
Background Information: The most common narrative for US military applicants is to quote 9/11 and the reaction your immediate family had while watching the events unfold. The horrifying moment is captured as a motivation to join the Military. On digging deeper, most applicants would share that their motivations were diverse.
Theme: Career Choice
MBA Essay Strategy: I wanted to quickly highlight that the applicant had the choice of entering any industry. One achievement to demonstrate his curiosity that I shared in the first half is the invention of a game. Since the game is mentioned in the resume and verifiable through search, I didn’t quote the name. By clearly highlighting the person’s curiosity and career options, the family legacy is used as a factor in joining the military.
Read: Harvard MBA Curiosity Essay – Career Choice after a Military Career (Growth-Oriented HBS MBA Essay Example)
Leadership-Focused Essay: What experiences have shaped who you are, how you invest in others, and what kind of leader you want to become? (up to 250 words)
Example #9: Small Business Values
Background Information: The applicant - a second-generation Asian American, is familiar with the values of fiscal conservatism, building relationships, and understanding the daily struggles of the community through his family’s department store.
Theme: Customer-Centric
MBA Essay Strategy: The applicant’s role in developing an App for the store is highlighted in the essay at a crucial part of the narrative so that the essay is not all about his father. I have also humanized the journey – by sharing how upset the father was when the revenues fell by 40%. The essay is about the transformation in the applicant’s value from a person chasing productivity and optimization technique to someone who is truly thinking about the customers.
Read: Harvard MBA Leadership Essay – Small Business Values (Leadership-Focused HBS MBA Essay Example)
Example #10: Breaking Away from Family Business
Background Information: A unique challenge that applicants whose parents are public figures or CXOs of businesses or entrepreneurs are the pressure to live up to the parent’s standards or milestones. For the leadership narrative, the burden of legacy is established before the narrative addresses his leadership principles.
Theme: Authenticity
MBA Essay Strategy: For the essay, I want to capture an entrepreneur’s journey to rise above his entrepreneur father’s image. But I didn’t want to make the entire essay about this complex dynamics. The narrative is around the applicant’s focus on customers and surrounding with teams who keeps him grounded.
Read: Harvard MBA Leadership Essay – Breaking Away from Family Business(Leadership-Focused HBS MBA Essay Example)
Example #11: Creativity and Communication
Background Information: When the overall percentage of users with internet access is 62% in South Africa and the inequality accentuated by the rural and urban divide, the applicant endured the lack of digital infrastructure, and spending close to 22% of the family income on gaining relevant information on schools, global exams, and financial assistance.
Theme: Creativity, Communication
MBA Essay Strategy: The strategy is to share why the applicant values no distraction in a child’s home for optimum education experience. Then I highlight the many roadblocks the applicant’s non-profit faced in receiving fee waiver for their cooperative run ISP.
Read: Harvard MBA Leadership Essay – Non-Profit (Telecom) (Leadership-Focused HBS MBA Essay Example)
Example #12: Mental Health
Background Information: The applicant like most didn’t pay much attention to the mental health epidemic until tragedy hit home.
Theme: Communication, Innovation
MBA Essay Strategy: A question we frequently get from applicants is whether they should cite tragedy in the family as a motivation for a venture or a non-profit initiative. As long as you don’t linger too much on the tragedy and offer a balanced narrative, there are no restrictions on leveraging unique stories from your life.
Read: Harvard MBA Leadership Essay – Mental Health (Leadership-Focused HBS MBA Essay Example)
Example #13: Trauma, Healing & Finding Authentic Self
Background Information: The applicant narrates the absurdity of war in the narrative about the duties in Kabul, and the trauma. Instead of wallowing in on the horror, the applicant takes what makes military applicants strong and guides unprivileged children build life and leadership skills.
Theme: Resilience
MBA Essay Strategy: Capturing PTSD in an essay, the healing process, and the cues that helped the applicant are too sacred to be shared in a Harvard MBA application essay. However, with the right motivation and narrative arcs, you can capture the essence of your journey without sharing the darkest secrets. That is what I did by merging two stories – the horrors of the war with a non-profit engagement.
Read: Harvard MBA Leadership Essay – Military & PTSD (Leadership-Focused HBS MBA Essay Example)
Example #14: Addiction, Setback and Leadership Mantra
Background Information: In this narrative, the applicant captures Peru’s Silver mining boom of 2006. The growth experienced in her father’s business shifted the family’s economic status to a new stratosphere. Through the changing economic and family dynamics, the applicant finds her voice in a unique way, initially to record her unheard voice but later as one of the youngest subject matter experts in mining and commodities.
Theme: Failure
MBA Essay Strategy: For the essay, the strategy is to show how life’s unpredictability is a blessing. By narrating two setback events, the essay demonstrates the applicant’s resilience and her acknowledgment of people who made a comeback possible.
Read: Harvard MBA Leadership Essay – Addiction, Setback and Leadership Mantra (Leadership-Focused HBS MBA Essay Example)
Example #15: War, Immigration and Starting Over Again
Background Information: Despite a raging war in Syria, the family of the applicant was unblemished by the chaos. The strategic government assets near the applicant’s house would have made the region an easy target, but it was not. The calmness of her journey is shattered in one event. From the privileges of a cocooned life, the applicant is forced to think about survival, her sister’s future, and her future in the US. The second half of the narrative captures the change that was forced on her.
Theme: Gratitude, Resilience
MBA Essay Strategy: I consciously chose not to start the essay with a dialogue or trauma. Two lines are allocated to set up the narrative before the trauma event.
Read: Harvard MBA Leadership Essay – War, Immigration and Starting Over Again (Leadership-Focused HBS MBA Essay Example)
Harvard MBA Business-Minded Essay: Please reflect on how your experiences have influenced your career choices and aspirations and the impact you will have on the businesses, organizations, and communities you plan to serve. (up to 300 words)
Example #16: Creative or Finance
Background Information: The applicant starts the narrative with the origin of her talents. The unbridled enthusiasm receives a reality check when in high school, the applicant’s father has a conversation with her about academics. While the applicant picked up her quant skills, she was reaching over 50,000 loyal fans, and her videos captured 1 million views.
Theme: Passion, Talent
MBA Essay Strategy: Capturing vulnerability is the toughest part for Harvard MBA applicants. For this essay example, I have captured the applicant’s uncertainty about career choice throughout the essay. Here the goal is to show vulnerability in the career choice essay while for leadership and growth essay, I could capture one example each from creative and PE industry respectively to balance the narrative. So don’t follow this example without a strategy.
Read: Harvard MBA Business-Minded Essay – Creative or Finance (Business-Minded HBS MBA Essay Example)
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