Summary:
The University of Chicago was only founded in 1890, making it one of the youngest elite universities in the world. But despite its youth, the school has spearheaded many of the world’s most important scientific achievements.
It was here that Italian physicist Enrico Fermi created the world’s first controlled, self-sustaining nuclear chain reaction in 1942. It was likewise at Chicago that Stanley Miller and Harold Urey demonstrated in 1952 that amino acids essential to life could be produced starting from simple molecules such as methane and ammonia, thus founding the entire field of what has come to be known as “origin of life” research. Today, the university is one of the leading universities building on the work of its famous alum, James Watson, in the exploration of the human genome.
But Chicago is not just a science school. It also possesses great depth, with elite programs in the humanities and the social sciences, including its world-renowned Economics Department and its interdisciplinary gathering of highly distinguished thinkers known as the Committee on Social Thought.
Of Chicago’s 89 Nobel Prize winners, 22 have been in economics, which is remarkable given that the economics prize was only first awarded in 1969 (45 years ago at the time of this writing). Perhaps this is one reason why the university weathered the 2008 financial crisis relatively well!
In any case, the school’s approximately $7 billion endowment is now rapidly growing once more, assuring the continuation of the ample research opportunities it provides its faculty and students well into the future.
in 1890 with a $600,000 donation from oil tycoon John D. Rockefeller, University of Chicago is ranked by U.S. News & World Report as the fourth-best university in the United States. It’s especially known for strong graduate programs in law, business, and medicine. In fact, the school of business was renamed in 2008 after a $300 million donation by businessman and alumnus David G. Booth. Other sizable contributions have resulted in an expanded school of medicine, the Harris School of Public Policy Studies, and a new center for the arts. Currently, the university’s endowment is just over $7.5 billion.
Endowment: $7.55 billion
Average Cost per Student: $31,917 per year
Average Salary of Full-Time Faculty: $112,717
Annual Research Budget: $314 million
Academic Life
The student-faculty ratio at University of Chicago is 6:1, and the school has 77.1 percent of its classes with fewer than 20 students. The most popular majors at University of Chicago include: Economics; Biological and Biomedical Sciences; Mathematics and Statistics; Political Science and Government; and English Language and Literature/Letters. The average freshman retention rate, an indicator of student satisfaction, is 99 percent.
Student Life
University of Chicago has a total undergraduate enrollment of 5,681, with a gender distribution of 52.7 percent male students and 47.3 percent female students. At this school, 54 percent of the students live in college-owned, -operated, or -affiliated housing and 46 percent of students live off campus. University of Chicago is part of the NCAA III athletic conference.
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