2007 UNDERGRAD PROFILE
Texas-Austin
Red McCombs School of Business
B-School and Program Basics
| Address: | 1 University Station B6100 Austin, TX US 78712-0208 |
Program E-Mail |
Program Web site |
Red McCombs School of Business is a public institution.
Undergrad business program was founded: 1922
Accredited by NA
Classes begin:
| Other Annual Admissions | 09/01/2007 |
| NA | |
Enrollment
| Total undergraduate business school enrollment | 4317 |
| Total full-time undergraduate business students | 4114 |
| Total part-time undergraduate business students | 203 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 55% |
| International students | 4% |
For U.S. schools only: |
|
| African American students | 4% |
| Native Americans | 1% |
| Asian Americans | 24% |
| Hispanic | 15% |
| White (non-Hispanic) | 52% |
| Unknown | 0% |
| Other | 4% |
U.S. students by region:
| Mid-Atlantic U.S. | 0% |
| Midwest U.S. | 1% |
| Northeast U.S. | 1% |
| South U.S. | 1% |
| Southwest U.S. | 96% |
| West U.S. | 1% |
| U.S. Possessions and territories | 0% |
Citizenship:
| U.S. | 96% |
| Canada | 0% |
| Other | 4% |
| Unknown | 0% |
CLASS TRAITS: MOST RECENT ENTERING CLASS
| Does the school require standardized tests, such as the SAT or ACT? | No |
SAT Scores for full-time entering business students |
|
| Average | 1275 |
| Median | 1290 |
| Range (Middle 80%) | From 1160 to 1400 |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 27 |
| Median | 28 |
| Range (Middle 80%) | From 24 to 30 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | No |
| Student Age (years) | |
| Average | 18 |
| Median | 18 |
| High School performance of entering business students | |
| Top 10% of high school class | 95% |
| Top 25% of high school class | 100% |
| GPA of 3.75 or higher | 99% |
| GPA of 3.5 to 3.75 | 1% |
| GPA of 3.25 to 3.49 | 0% |
| GPA of 3.00 to 3.24 | 0% |
| GPA of 2.50 to 2.99 | 0% |
| GPA of 2.00 to 2.49 | 0% |
| GPA of 1.00 to 1.99 | 0% |
| GPA below 1.0 | 0% |
| For Internal Transfers | |
| Minimum overall college GPA | NA |
| Additional application requirements | |
| The field above does not allow decimels. Our minimum gpa is a 3.5 for internal transfers who comprise 25% of our new students. For admission, internal transfers need calculus 1 and 2, macro and micro economics, 24 hours in residence with a 3.5 gpa and a passing score on the Computer Proficiency exam. | |
ADMISSIONS
| University Application fee (resident) | $ 60.00 | ||
| University Application fee (nonresident) | $ 60.00 | ||
| University Application fee (non-resident transfers) | $ 60.00 | ||
The university financial aid office manages admissions to the business program
27315 people applied to undergraduate programs for the 2006 academic year. The school accepted 24% (selectivity) of those applicants, and 70% of admitted applicants (yield) enrolled.
0% of applicants had applied in prior years, and of those reapplicants 0% were accepted.
The university placed 0 applicant(s) on its wait list. 0 wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? Yes
72% of 2006 admissions to the program were freshmen
How do freshmen apply? Indicate interest on university application
Requirements for admission to the business school are higher than those for the university. The automatic top 10% law does not apply to the business school (we admit the top 3% instead.)
How do internal transfers apply? NA
The field above does not allow decimels. Our minimum gpa is a 3.5 for internal transfers who comprise 25% of our new students. For admission, internal transfers need calculus 1 and 2, macro and micro economics, 24 hours in residence with a 3.5 gpa and a passing score on the Computer Proficiency exam.
6612 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
24% of these applicants were admitted to the program and 72% of admitted students enrolled.
487 internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 65 were admitted to the program.
| Share of all university applicants who are female: | 52% |
| Share of all university applicants who are not from the U.S. | 6% |
Interviews for applicants are Not offered, Not required
Additional application requirements (including those for international students):
Either the SAT or ACT is required but not both. Two written essays and a resume. The TOEFL is required for international students.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Very Important
Class Rank: Very Important
High School GPA: Considered
SAT/ACT Scores: Very Important
Application Essay: Very Important
Recommendations: Considered
Interview: Not Considered
Extracurricular Activities: Very Important
Talent/ability: Considered
Character/personal qualities: Considered
Volunteer Work: Important
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 8,688.00 |
| Nonresident Tuition | $ 22,580.00 |
| Room and Board | $ 8,176.00 |
| Books | $ 800.00 |
| Other Expenses (please specify) | |
Tuition per credit hour (U.S. dollars)
| Resident | NA |
| Nonresident | NA |
2007-2008 DEADLINES
| University Application deadlines for: | Other Annual Admissions | 02/01/2007 |
| Business Program deadlines for: | |
| OtherAnnual Admissions | 02/01/2007 |
FINANCIAL AID
The business program's financial aid ofice manages financial aid for the business program
Financial Aid Web site
Total scholarship money given to business students through the financial aid office in the 2005 academic year: $ 410,000.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 484,000.00
Scholarships are awarded to students in the business program based on A combination of need and merit
Scholarships in the 2006-2007 academic year | |
| Percent of business students receiving some scholarship money | 28% |
| Percent of business students receiving full-tuition scholarships | 28% |
| Percent of scholarships offered to business students based on need | 40% |
| Percent of scholarships offered to business students based on merit | 60% |
How do applicants apply for scholarships?
Freshman complete the Freshman Scholarship Application through the Office of Student Financial Services. Continuing students complete the Continuing Scholarship Application through the Office of Student Financial Services. In addition, continuing business students can complete the McCombs Undergraduate Scholarship Application.
Does the schoool offer a guaranteed loan to all business students (regardless of nationality): No
The maximum amount a business student can borrow per year is: NA
The average outstanding debt among 2006 business program graduates is: NA
CONTACTS
| Dean George Gau | Hired as of 10/01/1996 |
ACADEMICS & REQUIREMENTS
Specializations offered:
Accounting, , , ,
Engineering Route to Business
Professional Program in Accounting
Business Honors Program
Programs Offered
| BBA | Full time |
| Core curriculum last revised Prior to 2000 |
| Average class size in required business classes | 53 |
| Average class size in business electives | 41 |
| Average class size in non-business classes (required for admission to the business program | 110 |
12% of business classes (core and elective) have fewer than 20 students
56% of business classes (core and elective) have 21 to 50 students
32% of business classes (core and elective) have more than 50 students
57% of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
35% of required business courses had waiting lists for enrollment
AREAS OF STUDY & ELECTIVES
The school reports that the following are its five leading areas of study:
Accounting, Finance, Management Information Systems, Marketing, Supply Chain Management
Number of elective courses (not multiple sessions of same course) available in the past academic year: 89
New electives added in the past academic year:
Global Entrepreneurship
Energy Financial Risk Management
Advanced Studies in Int'l Finance
Banking & Financial Intermediation
Real Estate Appraisal Investment
E-business System Development
Managing the Future
Data Mining
Art & Science of Negotiation
Business in Hispanic Life/Culture
What special programs are available to business students?
-Business Honors Program: highly selective programs with small, intense courses, cohorts and customized activities.
-Leadershape: two one-week long off-campus programs with business execs re: leadership, ethics, goal development
-Diversity progams: summer camps for diverse high school students. Six student organizations along with two huge corporate diversity dinner/forums.
-VIP Speaker series with top CEO's.
-We host an international case competition as well as internal case competition
| Work study or co-op opportunities | Yes |
| Starting in 1998 students are required to have an internship related to their major, and companion internship course, in order to graduate. Six week minimum and 150 hours of work to qualify. Many students have multiple internships. | |
| Study abroad opportunities | Yes |
| 27 semester long study abroad programs, most in English, with other top international business schools in addition to the University's 500 general study abroad programs. We have our own study abroad advisors and office just for business undergrads. UT rates and courses facilitate enrollment: 30% of business students study abroad. | |
| Volunteer and community service opportunities | Yes |
| There is a staffed UT Volunteer Center which facilites opportunities for students. Business student organizations also perform many community service activities, which we strongly encourage and facilitate with staff guidance and corporate support. | |
| Business clubs and extracurricular activities | Yes |
| We have our own student affairs department solely for business students which provides support for organizations re.leadership skill building, programs, and activities. We provide development staff and corporate contacts to secure funding for student initiatives. The vast majority of all business students participate in extra-curricular activities. We provide a large Leadership Center for student organization use. The University also provides staff support and space for student groups. | |
FACULTY
| Total full-time undergraduate business faculty | 93 |
| Total undergraduate business adjuncts and visiting business faculty | 47 |
| Total undergraduate permanent/tenured business professors | 41 |
24% of permanent/tenured business professors are women
2% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
NA % of permanent/tenured business professors are members of company boards of directors or boards of advisors
NA % of permanent/tenured business professors have owned their own business
Prominent Faculty: Sheridan Titman, William Kinney, Andrew Whinston
STUDENT LIFE
Freshmen are not required to live on campus
59%of all business students live on campus
Business students are not grouped together in "learning communities" in housing or other facilities
TECHNOLOGY
Number of omputers available to undergraduate business students (within the program and university as a whole): 500
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Increased wireless coverage. VPN access for off-campus users. Significant increase in email mailbox capacity. Enterprise Spam filtering. Increased personal network file storage. More administrative tasks moved to the web to increase services. Texas Advanced Computing Center (TACC) made a $3M upgrade to its top-ranked high-performance computer cluster, Lonestar, making it capable of more than 3 trillion calculations per second.
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 46% of 2006 graduates
Of 2006 graduates for whom we have information...
92% were seeking full-time professional employment in business
8% were not seeking full-time professional employment in business
For those not seeking employment in business...
NA % of those were already employed at graduation
7% were planning to continue their education immediately after graduation
NA % were postponing their job search
NA % were planning to start their own business
1% of those not working were doing so for other reasons
323 companies recruited business students on campus from June 30, 2005 to June 30, 2006
1620 companies posted full-time job offers for undergraduate business students on the school's job boards from June 30, 2005 to June 30, 2006
Of 2006 Job-seeking Graduates...
89 received their first job offer by graduation
received their first job offer within three months of graduation
received their first job offer more than three months after graduation
11 did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| PricewaterhouseCoopers | 49 |
| Ernst & Young | 41 |
| Deloitte Touche Tomatsu | 31 |
| KPMG LLP | 27 |
| Wells Fargo | 6 |
| IBM Corporation | 6 |
| Microsoft Corp. | 6 |
| JPMorgan Chase & Co. | 6 |
| Jeffries | 5 |
| Royal Dutch Shell | 5 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 48,403.00 |
| Median base salary | $ 48,000.00 |
| Average signing bonus | $ 4,909.00 |
| Median signing bonus | $ 3,000.00 |
| Average other guaranteed compensation | NA |
| Median other guaranteed compensation | NA |
CAREER DIRECTIONS
What percentage of 2006 graduates who accepted jobs did so in the following functional areas? Are these figures estimates based on the number of students majoring in these functional areas? Yes
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 39% |
| Accounting/auditing | 37% |
| General Management | 3% |
| Human Resources | 0% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 11% |
| Management Information Systems | 8% |
| Operations | 0% |
| Logistics/Transportation | 0% |
| Other | 2% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes
| Accounting | 27% |
| Consumer Products & Retail | 12% |
| Consulting | 11% |
| Financial Services | 22% |
| Government, Nonprofit, & Education | 2% |
| Health | 3% |
| Manufacturing | 2% |
| Media & Entertainment | 1% |
| Sports & Leisure | 1% |
| Technology & Science | 1% |
| Transportation | 4% |
| UTILITIES | 4% |
| Other | 2% |
North American Jobs
0% of 2006 graduates accepted jobs in Canada
100% of 2006 graduates accepted jobs in the U.S.
Here's the regional breakdown on job acceptances in North American regions:
| Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) | 13% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 3% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | 6% |
| Southwest (CO, AZ, TX, OK, NM) | 65% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 5% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 8% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | 6% |
| Canada | 0% |
INTERNSHIPS
154 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
94% of internships were paid.
| Average compensation per week | $ 830.00 |
| Median compensation per week | $ 930.00 |
| Average internship length (weeks) | 10 |
550 companies posted internships for undergraduate business students on school job boards from June 30, 2005 to June 30, 2006
| Top 10 Recruiting Firms for Internships | No. interns |
| PricewaterhouseCoopers | 73 |
| Ernst & Young | 50 |
| Deloitte Touche Tomatsu | 33 |
| KPMG LLP | 33 |
| Goldman Sachs Group | 7 |
| USAA | 5 |
| JPMorgan Chase & Co. | 4 |
| General Electric | 4 |
| Grant Thornton LLP | 4 |
| Shell Oil Company | 4 |
ALUMNI AFFAIRS
4% of living undergraduate business alumni contributed to the program/university some time between June 30, 2005 and June 30, 2006
Of those who contributed...
| The average gift was | $ 1,049.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 4% received any individual gift in excess of $10 million
Prominent Alumni
Gary Kelly, CEO, Southwest Airlines
James Mulva, President/CEO, Conoco/Phillips
Gerard Arpey, President/CEO, American Airlines
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of 120 for BBA |
| Minimum of 48 for BBA |
