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 complete an MBA Orientation. This 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.
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 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 22 concentrations, all of which fall under one of the following areas:
– Business Government
– 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.
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 6 years of professional work experience. The average GRE score was 318.
Twenty percent of the 2021 Full-Time MBA class were international students, while 80 percent were U.S. based students. Twenty-nine 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.
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 $30,000.
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: $14,048 for housing, $1,020 for books and supplies, $1,520 for transportation, $4,030 for personal expenses. The total cost of attendance for in-state, first-year students for the McCombs full-time MBA is $71,638 and $77,190 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 for the Austin McCombs Full-Time MBA
The Austin 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.
2021-2022 McCombs Full-Time MBA Application Deadlines
Applications are due no later than 11:59 p.m. CT on the day of the deadline for each round.
ROUND 1 (PRIORITY DEADLINE FOR SCHOLARSHIPS AND FELLOWSHIPS)
Application Due: October 12, 2021
Decision Delivered: December 16, 2021
Enrollment Deposit Deadline: February 3, 2022
Application Due: January 6, 2022
Decision Delivered: March 24, 2022
Enrollment Deposit Deadline: April 26, 2022
Application Due: March 29, 2022
Decision Delivered: May 5, 2022
Enrollment Deposit Deadline: May 17, 2022
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