Last year Chicago’s yield (% of students who are accepted and enroll) reached a record of 77%. At this rate, Chicago was second to Harvard and Stanford at 82%, and ahead of Yale, Princeton, Penn and Columbia (down at 65%). Unfortunately, this surprise increase in yield resulted in a class of around 1,800, ahead of Chicago’s +/- 7,000 student target to align with Stanford in terms of undergraduate population.
The implications of last year’s enrollment to this year’s admissions are critical. The 7,000 goal relates to a cold hard reality of beds available. Thus this year class enrollment will likely come down to 1,600. Assuming a yield of 80%, and assuming applications rise to +/- 38,000, a 5% admit rate would result in 1,900 acceptance letters. An 80% yield would produce an enrollment of 1,520, and leave a little room for another yield surprise.
While this is rough math, it is meant to show that Chicago’s now decade long explosion in both applications and yield have the Maroon’s knocking on Stanford’s door as the hardest school in the USA into which to earn admittance at +/-5%.
As for other interesting statistics from last year’s enrolled class:
• Chicago had an average SAT score of 1508, putting it at or near the #1 rank in the USA.
• Stuyvesant, NYC’s elite public school was the #1 feeder with 31 kids, and Bronx Science, another public school, was #4 with 14. The rest of the top 6 feeders were private schools with Horace Mann #2 at 16, Andover #3 at 15, and Exeter #5 at 12, and Choate #6 at 9.
• California is number 1 source of students (225), NY a close second (220), and IL third (194). Texas, a state that is nearly 60% larger than New York, only had 68 students enroll.
• 53% of class need based aid, and 12% Pell grants.
• 164 were first generation to college—a personal favorite category, along with the Chicago first announcement and expansion that police, firefighters and teacher’s children being offered full scholarships are at an all-time high.
• 274 internationals, with:
China 68,
UK 30,
India 26,
Turkey 16,
Singapore 15,
Hong Kong 14,
One possible explanation for all this success could be that Chicago’s crime statistics have taken a major turn down in both 2017 and 2018. Another explanation is the Booth’s School of Business #1 global ranking is also drawing attention. Or, quite honestly, the Chicago commitment to open and free speech (zero safe spaces from intense intellectual discourse) may just be recognized as the best place in the world to compare, contrast, and hone one’s intellect so as to prepare for a diverse world.