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. This competition gives new students a chance to get to know the others who will be in their cohort.. There are 11 required core courses,each of with are worth two or three credits a piece. Students also select from a variety of elective courses and may pursue a concentration if they wish.

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 20 concentrations, all of which fall under one of the following areas:

Accounting
Finance
Marketing
Management
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.

Class Profile

The 2018 UT Austin full-time MBA class has 260 students. The average age is 28 and 37 percent of the students identify as female. These students enter with an average undergraduate GPA of 3.42 and an average of 5.5 years work experience. The average GMAT is 700. Twenty-seven percent of the class are international students.

Careers

The McCombs School of Business is usually ranked among business schools in the U.S. for the number of MBA graduates who get job offers. The median salary of UT Austin full-time MBA graduates is around $115,000 with a median signing bonus of $25,000.

MBA students at McCombs have access to the Career Management Team. With the help of the Career Management Team students can connect with McCombs’s 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. During the first year students take a class 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 2017-18 academic year, the estimated expenses for the UT Austin full-time MBA program are $35,324 for tuition and fees for in-state students and $51,804 for out-of-state and international students. McCombs also estimates an $850 MBA student fee, $1,300 for a laptop, $1,000 for books, and $18,060 for living expenses. The first year’s total cost is estimated to be $57,734for in-state and $74,214 for international and out-of-state students.

McCombs offers some scholarships and fellowships for new and returning students. 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 allow 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.

Admissions Procedures

Applicants to the UT Austin full-time MBA program at the McCombs School of Business must have a Bachelor’s degree or a comparable degree from a foreign academic institution.

The application process takes place online and applicants must 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 two formats: a 250 word essay ora one minute video. 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.

Application Deadlines

Fall 2018 application deadlines are as follows:

  • Round One: October 10, 2017
  • Round Two: January 9, 2018
  • Final Round: April 3, 2018