The University of Chicago announced yesterday that David Booth (in conjunction with his wife and family) has donated $300 million to the Graduate School of Business. Considering this is the largest donation in the history of the university and three times bigger than the previous business school donation ($105 million from Nike’s Phil Knight to the Stanford Graduate School of Business, it comes as no surprise that the university will be renaming its business school the University of Chicago Booth School of Business.
This obviously comes as great news to all of the Booth School of Business (has a decent ring to it) student, past, present, and future. Fresh off of completion of a brand new building (which, rest assured, is the envy of all other U of Chicago graduate students), Chicago’s business school is poised to continue moving forward by offering state-of-the-art facilities and innovative programs.
Chicago’s business school is still not for everyone, given its focus on hard finance and quantitative skills, but future MBA applicants would not be unwise to trust in the words uttered by Deep Throat to Bob Woodward in All the President’s Men and “follow the money.” Something tells me $300 million will tend to make a difference.
For more advice on applying to the Booth School of Business, visit the University of Chicago information page at Veritas Prep.