McCombs School of Business – University of Texas at Austin
UT Austin Full-Time MBA Program Structure
UT Austin places emphasis on collaboration with others in its two year, full-time MBA program. Before classes begin, students compete in the Cohort Olympics during an MBA Orientation. The Cohort Olympics introduces students to one another and encourages friendly competition between them. Core courses within the program are either worth two or three credits a piece.
The UT Austin full-time MBA curriculum at McCombs begins by giving each student the same fundamentals of business. This is done through the core curriculum of 11 classes, which provide a functional foundation of essential business skills like effective communication and cross-functional problem solving. It simultaneously encourages the student to customize their degree with flexible core elective requirements.
The electives can be used to focus on an academic concentration, but unlike some other programs this is not a requirement. There are 20 concentrations, all of which fall under one of the following areas:
- Business, Government & Society (BGS)
- Information, Risk & Operations Management (IROM)
- Interdisciplinary concentrations
Dual degree options that allow students to receive an MBA as well as another graduate degree from a different college within the University of Texas at Austin are also available.
The 2017 UT Austin full-time MBA class is approximately 265 students. The average age is 28. They are typically about 25% female. These students enter with an average undergraduate GPA of 3.4 and an average of 5.6 years work experience. The average GMAT is 694. Over 28% of the class is international.
McCombs School of Business was recently ranked as 11th in the nation for business schools with the highest percent of job offers. The average salary of UT Austin full-time MBA graduates is $113,787, with an average signing bonus of nearly $26,000. MBA students at McCombs have access to the Career Management Team. With the help of the Career Management Team students can connect with McCombs’ alumni network, receive personalized career guidance and attend networking receptions and career fairs.
Career planning is also built into the curriculum of the full-time MBA students at McCombs. During the first years students take a call called Strategic Career Planning. This class is meant to prepare students to make career choices and help them achieve their career goals. The class teaches students skills like interview training and marketing and networking techniques.
Tuition and Financial Aid
For the 2016-17 academic year, the estimated expenses for the UT Austin full-time MBA program are $33,298 for tuition and fees for in-state students and $48,832 for out-of-state and international students. McCombs also estimates an $850 MBA student fee, $1,300 for a laptop, $1,300 for books, and $18,000 for living expenses. The first year’s total cost is estimated to be $54,748 for in-state and $70,282 for international and out-of-state students.
McCombs offers scholarships for both new and continuing students as well as fellowships with partners. Each student is considered for a recruiting scholarship when they apply. It is exclusively merit-based and rewards range from $2,000 to full tuition. They come in the form of cash awards and out-of-state tuition waivers. No additional paperwork is needed for consideration. Continuing Student scholarships allows students to apply during their first year for merit and need-based scholarships based on their academic performance and on-campus involvement during the first year of the program.
Full-time graduate students are eligible for federal loans of up to $20,500.
Applicants to the UT Austin full-time MBA program at the McCombs School of Business program must have a Bachelor’s degree or a comparable degree from a foreign academic institution.
The application process takes place online and students must first apply to the University of Texas at Austin UT EID program to gain access. Applicants must then submit a completed application, official transcripts, GRE or GMAT scores, a current resume, one professional recommendation letter and a $200 application fee. Students also must complete two essays and an optional third.
The first essay is an introduction of the student. It can be completed in one of three formats: a 250 word essay, a one minute video or a shared “about.me” page. The second asks the applicant to explain their motivation for choosing McCombs. The optional essay is an opportunity to explain any area of concern with your application.
International applicants must also submit TOEFL or IELTS scores. Interviews are by invitation only.
The fall 2017 application deadlines are as follows:
- Round One: October 11, 2016 (also priority deadline for admissions scholarships and fellowships).
- Round Two: January 10, 2017
- Final Round: April 4, 2017