DEFINITION of 'Booth School of Business'

One of the leading business schools in America, located at the University of Chicago in Chicago, Illinois. The University of Chicago Booth School of Business was founded in 1898 and holds the distinction of being the second oldest business school in the U.S. and the first to offer executive MBA and PhD programs in business.

BREAKING DOWN 'Booth School of Business'

Formerly known as the University of Chicago Graduate School Business, it was renamed following a $300 million endowment in 2008 from alumnus David G. Booth. The school offers a variety of full-time, part-time and executive MBA programs as well as PhD degrees in a variety of disciplines including: accounting, finance, analytic finance, international business and strategic management.

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