Chicago is a major world financial center, with the second largest central business district in the U.S.. The city is also home to three major financial and futures exchanges, including the Chicago Stock Exchange, the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange (the “Merc”) .Chicago is home to 11 Fortune 500 companies, while the metropolitan area hosts an additional 21 Fortune 500 companies. Manufacturing, printing, publishing and food processing also play major roles in the city’s economy. Several medical products and services companies are headquartered in the Chicago area, Abutting Lake Michigan, Chicago is the third-most densely populated major city in the U.S., with over 2.8 million people residing in its urban quarters.
Chicago has numerous nicknames. These sobriquets reflect the impressions and opinions about historical and contemporary Chicago. The best known of these are: “Chi-town”; the “Windy City” with reference to Chicago politicans and residents boasting about their city; the “City of the Big Shoulders”, referring to its numerous skyscrapers, which were invented in Chicago, and described as being husky and brawling.
The city is home to two Major League Baseball teams: the Chicago Cubs of the National League play on the city’s North Side, in Wrigley Field, while the Chicago White Sox of the American League play in U.S. Cellular Field on the city’s South Side. Due to Michael Jordan, the Chicago Bulls of the NBA are one of the most recognized basketball teams in the world.
Chicago has the third largest gross metropolitan product in the US ? approx. $440 billion according to 2007 estimates. The city has also?? been rated as having the most balanced economy in the United States, due to its high level of diversification. Additionally, the Chicago metropolitan area recorded the greatest number of new or expanded corporate facilities in the United States for six of the past seven years.
Chicago has always been Democratic stronghold. moreover, incumbent president Barack Obama hails from Chicago.
Summers: Highs of 27-29?C. Lows of? 16-19?C.
Winters are cold, snowy and windy with temperatures below freezing.
Along with long, hot dry spells in the summer, Chicago can suffer extreme winter cold spells.?????????????????????????????????????????
Chicago has well developed system in place for public transportation.CTA (Chicago Transit Authority ) operates 24 hours bus service, covers 12000 bus stops on 152 routes with its fleet of 2000+ buses. The rapid transit system is known as the “Chicago ‘L’” or variations of ‘L,’ “El,” or “el” to Chicagoans, serves 144 stations in Chicago.
Chicago is one of the few cities in the United States that provides rapid transit service to two major airports. From the downtown area the CTA’sBlue Line takes customers to O’Hare International Airport in about 40 minutes.
The City of Chicago offers free trolleys that serve the downtown area.? The “trolleys” are actually buses painted to look like historical streetcars. They run every 20 to 30 minutes and serve areas popular with tourists that don’t have ‘L’ stations, such as the Museum Campus, Navy Pier, and the Magnificent Mile.
Cabs are expensive and are mainly used in downtown.
Chicago is a major world financial center, with the second largest central business district in the U.S.. The city is also home to three major financial and futures exchanges, including the Chicago Stock Exchange, the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange (the “Merc”) .Chicago is home to 11 Fortune 500 companies, while the metropolitan area hosts an additional 21 Fortune 500 companies. Manufacturing, printing, publishing and food processing also play major roles in the city’s economy. Several medical products and services companies are headquartered in the Chicago area.
Important B Schools & Universities:
University of Chicago: 82 nobels in faculty and alumni
University of Illinois Chicago: The largest public university in the city
Loyola University Chicago
Illinois Institute of Technology
Cost of Living:
Chicago as a whole is crime prone metropolitan cities.
Chicago has witnessed many organized crime rackets and gang wars over different periods of time . Some of this has become part of city heritage, for instance , bootleg beer and Al Capone .But most of the north side of Chicago is comparatively? safe place to live .
$90,000-110,000 per year
31-36% (depending on the bracket)
USA has difficult immigration laws. It is easy to get an H1-B visa from the big corporations. Within the six years by which time H1-Bs expire, companies need to sponsor green cards for its employees,? a process that takes 2 years or so.
Famous Indians in the City:
Deepak Chandra Jain , Dean , Kellogg
Ananda Mohan Chakrabarty,Distinguished Professor , UIC.
Muzaffar Alam ,Distinguished Professor , UIC
Chicago has multiple facets to its nightlife.
The city’s waterfront allure and nightlife has attracted residents and tourists alike.”. The city has many upscale dining establishments as well as many ethnic restaurant districts. These include the Mexican villages such as Pilsen on 18th street and “La Villita” on 26th street, “Greektown” on South Halsted, “Little Italy” on Taylor Street, just west of Halsted, “Chinatown” on the near South Side, Polish fare reigns at Belmont-Central, “Little Seoul” on and around Lawrence Avenue, a cluster of Vietnamese restaurants on Argyle Street and South Asian (Indian/Pakistani) on Devon Avenue.
Chicago?s theater community spawned modern improvisational theater. Two renowned comedy troupes emerged ? The Second City and I.O.(formerly known as ImprovOlympic). Renowned Chicago theater companies include the Steppenwolf Theatre Company (on the city’s north side), the Goodman Theatre, and the Victory Gardens Theater. Chicago offers Broadway-style entertainment at theaters such as Ford Center for the Performing Arts Oriental Theatre, Bank of America Theatre, Cadillac Palace Theatre, Auditorium Building of Roosevelt University, and Drury Lane Theatre Water Tower Place. Polish language productions for Chicago’s large Polish speaking population can be seen at the historic Gateway Theatre in Jefferson Park.
The great triumvirate of Chicago-style foods is Chicago-style pizza, Chicago-style hot dogs and Italian beef:
Indian food in Chicago : http://www.usindiainfo.com/chicago_restaurants.htm
The main ethnic groups in Chicago are African American, Irish, German, Italian, Mexican, English, Bulgarian, Greek, Chinese,Polish, Bosnian, Czech, Filipino, Serbian, Russian, Ukrainian, Indian, and Puerto Rican.
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