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McCombs School of Business – University of Texas at Austin - Full-Time MBA

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. This competition gives new students a chance to get to know the others who will be in their cohort.  Upon arrival on campus, you’ll be carefully placed into a cohort—your MBA peers with whom you’ll navigate your first year’s core curriculum.  McCombs focuses on creating a unique cohort experience by building variety through different cultural backgrounds, business concentrations and locations of each student.

Curriculum

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 this is not required. There are 23 concentrations, all of which fall under one of the following areas:

– Accounting
– Business Government
– Finance
– Interdisciplinary
– Marketing
– Management
– Operations and Analytics

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.

Class Profile

The 2021 Full-Time MBA class had 260  students, 40 percent of which identify as female. The average age of students in the class was 29. On average, students enrolled with an undergraduate GPA of 3.42, a GMAT score of 704, and 5.6 years of professional work experience.  The average GRE score was 318.

29 percent of the 2021 Full-Time MBA class were international students, while 71 percent were U.S. based students.  16 percent of the class were underrepresented minorities.  In terms of undergraduate majors, the most popular were business/economics at 33 percent, STEM at 31 percent, and humanities at 15 percent.

Career Statistics

The Full-Time MBA has been named Best Value by U.S. News & World Report. With the opportunity to earn six-figure starting salaries and healthy signing bonuses, earning an MBA degree from McCombs can be a great return on your investment.  The median salary of UT Austin full-time MBA graduates is around $125,000 with a median signing bonus of $29,500.  

McCombs full-time MBA students are provided career consultants who are available throughout the year to provide professional guidance and insight. Students also pair up with a Peer Advisor—a second-year Texas MBA student who was at your stage of career planning just a year before.  In addition, as part of the Texas MBA+ Leadership program, students have access to communication and specialty coaches—i.e., seasoned experts who are ready to work with you one-on-one to refine your skills in communication, leadership, strategy, organizational culture, and much more.  In student’s first semester, you will take “BA 181 – Strategic Career Planning,” a class designed to identify and begin developing your professional goals. Students perform a self-assessment, practice interviewing techniques, build out your personal brand and social media networking strategies, and learn how to research career options. Almost 400 different employers participate in our recruiting events—networking receptions, career fairs, on-campus recruiting sessions, etc. 

Tuition, Scholarships, and Financial Aid

For the first year of the UT Austin full-time MBA at the McCombs School of Business, in-state students pay $51,020, and out-of-state students pay $56,572. In addition to the tuition cost, there are also the following fees: $19,598 for living expenses, $1,020 for books and supplies, $1,000 student fee, $2,500 for a laptop.  The total cost of attendance for in-state, first-year students for the McCombs full-time MBA is $75,118 and $80,670 for out-of-state students.

The McCombs School of Business provides financial aid for their full-time MBA students including offering recruiting scholarship in the form of cash awards and out-of-state tuition waivers that range from $2,000 to full-tuition.  Consortium members are considered for both McCombs-funded scholarship and fellowships as well as benefits offered through the Consortium for Graduate Study in Management.  Lastly, McCombs is a proud partner of the Forte Foundation, Reaching OUT MBA and Teach for America.  Theses scholarships can be combined with Fellows benefits.

Full-Time MBA students at McCombs are also eligible for both private and federal loans, which can help cover the total cost of attendance.  Individuals can also apply for teaching and research assistantship positions, however these positions are limited.  MBA students cannot take on teaching or research assistantships for more than 15 hours per week and do not gain in-state tuition by virtue of an assistantship. Students should take into account their mandatory 15-hours-per-semester course load when considering any assistantship.

Lastly, McCombs is a veteran-friendly program and provides financial aid through the Post-9/11 GI Bill and the Hazlewood Act.

Admissions

The McCombs Full-Time MBA enrolls annually with classes starting in August. The application cycle consists of three rounds, and rounds 1 & 2 are priority rounds for scholarships and fellowships.  Below is a requirement checklist for admissions to the McCombs full-time MBA:

– Updated Resume
– Two Required Essays
– (1) Letter of Recommendation
– GMAT/GRE Test Scores (note – due to COVID-19, McCombs has provided a test waiver for applicants who qualify)
– TOEFL/IELTS (if international applicant)
– Official Transcripts
– Non-refundable $200 application fee
– Interview (if requested by school)

The application process can be completed on the school’s official website.

Application Deadlines for the McCombs School of Business Full-Time MBA

RoundApplication DueDecision Announcement DateEnrollment Decision Deadlines
Round 1October 13, 2020December 17, 2020February 4, 2021
Round 2January 5, 2021March 25, 2021April 22, 2021
Round 3 (Final deadline for international students)March 30, 2021May 6, 2021May 18, 2021
Round 4 (Final deadline for U.S. citizens and permanent residents only)May 11, 2021June 17, 2021June 24, 2021

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