Students can also experience business and cultural practices in other countries through Global Academic Travel Experience. Students study the business, culture, economy, and politics of a country or region for 6 weeks before traveling to the area for a 12-days visit. Students gain exposure to international businesses through visits to multinational corporations, local enterprises, government agencies, exchange program partner schools, alumni and others in the region.
There are many experiential learning formats where students test their ideas in real-world settings. Lab Courses allows students to participate first-hand in solving business problems by partnering with leading corporations on current challenges they face. In Management Labs, teams work with executives at major companies on new product development, business strategy, and operational research. In New Venture and Small Enterprise Labs, students work with senior management at early-stage companies on strategic and operational projects. Students have worked on market research, strategy development, consumer studies, pricing models and marketing messaging. In Private Equity/Venture Capital Labs, students intern 15-20 hours a week on projects ranging from evaluating new market/business opportunities to specific issues and opportunities for portfolio companies. Leadership Training is over 125 hours of practicing soft skills, such as negotiation, team-building, and giving feedback. Students take part in cohorts of 50.
Competitions are big at Chicago Booth. Through competitions, students are judged by real-world business practitioners. There are Chicago Booth-sponsored contests, and national contests where students can showcase business knowledge and skills. Teams learn how to motivate people, build relationships and lead. The A.T. Kearney Global Prize simulates client engagement, while the Fortune Small Business business plan contest is open to entrepreneurs.
The Full-time MBA program consists of 21 classes completed over 2 years. The curriculum is very flexible. Students choose what to take and when - based on experience, education and goals.
There are five major components that make up the core, foundation, breadth, general management, leadership, and electives. Foundation courses focus on developing analytical tools and knowledge that support the rest of the curriculum. Breadth courses cover the functional activities of business management and the environment in which firms operate. General Management examines the concepts and techniques required for effective management.
Leadership training is the only required class. All students must take Leadership Effectiveness and Development (LEAD), where they'll work on key management skills such as negotiation, team-building, and giving feedback.
The 20 courses are:
Foundation
* Financial Accounting
* Microeconomics
* Statistics
Students select 3 from each area the course level that best fits their background and interests from more than 10 classes
Breadth
* Financial Management
* Human Resources Management
* Managerial Accounting
* Marketing Management
* Operations Management
* Macroeconomics
Students choose 4 of these six areas, and then choose from a list of classes that fit the level and interests
General Management
* Strategic Management or Organizations and Markets
* Managerial and Organizational Behavior or Organizations and Markets
Students choose one from each group for a total of 2 classes across multiple course options
Electives cover 13 concentrations, offering students the chance to explore a topic more deeply.
The Office of International Programs oversees two academic programs. Students seeking academic, cultural and social experiences overseas can study abroad through the International Business Exchange Program (IBEP) at one of 33 partner schools in 21 countries.
Students hoping to position themselves for an international career can pursue International MBA (IMBA) degree. The IMBA degree is a two year program that builds on the Chicago MBA by including five international business courses, one academic term of study abroad and a second language proficiency. It is recommended for students with a strong second language proficiency.
Last year, the Office of International Programs announced their support of all international students at Chicago Booth. In addition to offering the International Student Orientation, the office will support and advise international students throughout the year on a variety of issues.