FULL-TIME MBA Profiles Publish Date 11/13/08

University of Texas -- Austin

McCombs School of Business

Getting In

PROGRAM BASICS

Texas MBA Program

McCombs School of Business

1 University Station, B6000
Austin , Texas 78712

Program Web site:

http://mba.mccombs.utexas.edu

Status:

Public Institution

Program e-mail address:

McCombsMBA@mccombs.utexas.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1922
Part-time MBA : 1999
Undergraduate business program: 1916
Executive MBA: 1981
Executive Education (non-degree): 1955
PhD program: 1930

PROGRAM COSTS

Total direct costs (tuition and required fees) of the entire MBA program:

Resident : $ 48,800
Nonresident : $ 81,400
Recommended annual budget (Resident): $ 40,400
Recommended annual budget (Nonresident): $ 56,700

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1689
Full-time MBA: 552
Part-time MBA: 201
Executive MBA: 113

PhD program: 97

Undergraduate business school enrollment

4,380

Graduate degree programs:

Master of Accounting

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

Nov. 1, 2008 Feb. 2, 2009 Apr. 1, 2009

Does the program have rolling admissions?

Yes

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Yes

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Minimum paper-based TOEFL score required for MBAs:

620

Relative importance: Application Elements

GMAT Score:

Important

Resume/Work Experience:

Important

Application Essays:

Important

Interviews:

Important

Recommendations:

Important

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

1929

Applicants who were accepted to the most recent class:

27 %

Admitted applicants who enrolled in the newest class:

51 %

Applicants who were re-applicants from prior years:

2 %

Percentage of this year's reapplicants accepted:

27 %

Applicants wait-listed during the last admissions cycle:

168

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

By invitation only

Applicants (admitted and denied) who were interviewed:

60 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

41 %

Applications from women received:

25 %

Mean base salary forgone:

$ 62,461

Median base salary forgone:

$ 60,000

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 31 %
International: 24 %

Ethnicity/US Students in Program

African American: 6 %
Asian American: 11 %
Hispanic or Latino American: 5 %
White (Non-Hispanic): 53 %

Students from following regions:

Asia: 21 %
Latin America and the Caribbean: 5 %
North America: 72 %
Western Europe: 1 %

Entering North American citizens by region:

Northeast: 15 %
Mid-Atlantic: 8 %
South: 7 %
Southwest: 46 %
Midwest : 6 %
West: 17 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

Middle 80% range of work experience of newest entering class in months:

From: 35
To: 101

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Central financial aid office at the university

Full-time MBAs applied for financial aid for the current academic year:

56 %

Full-time MBAs receiving financial aid through school:

64 %

Mean MBA financial aid package for the current academic year:

$ 45,873

On what basis are scholarships awarded?

academic merit

Full-tuition scholarships school will award during the upcoming academic year:

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 12,850

Percentage of second-year students receiving the same or more amount of money in their second year of study:

86 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 38,968

GMAT

Applicants required to take the GMAT?

Yes

Mean : 681
Median: 690

Middle 80% range GMAT scores:

From: 620
To: 730

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

Electives that have been added to the full-time program since June 30, 2008:

Topics in Sustainable Development
Management Consulting Practicum
Corporate Litigation Damages
Directed Studies in Global Management - Middle East
Invisible Global Marketing

Year of last major change or significant overhaul to the core curriculum:

2003

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

Corporate Social Responsibility

Entrepreneurship

Finance

General Management

Management Information Systems

Marketing

Operations Management

Portfolio Management

Strategy

Supply Chain Management

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/ME (Engineering)

MBA/MSN (Nursing)

Does the school offer an accelerated full-time MBA program?

FACULTY

Faculty employed by the B-school:

168

Full-time faculty

Tenured: 87
Non-Tenured: 75

Adjunct/Visiting Faculty

Tenured: 0
Non-Tenured: 6

Women on Faculty

Tenured: 18
Non-Tenured: 27

Minority Faculty

Tenured: 15
Non-Tenured: 11

International Faculty

Tenured: 14
Non-Tenured: 32

Faculty with PhDs

Tenured: 86
Non-Tenured: 67

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

Information Technology

Investment Banking

Marketing

Media & Entertainment

VC/ Private Equity

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Wine

Women in MBA

TEACHING/ACADEMICS

Teaching methods used

Case study: 35 %
Distance Learning: 0 %
Experiential Learning: 10 %
Lecture: 40 %
Simulations: 5 %
Team Project: 10 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

Replacement and upgrade of all student lab computers, expanded wireless network coverage, and increased network security. Expanded presentation and collaboration systems in group study areas including digital whiteboards, projectors, and large LCD screens. Upgraded email system to the latest version of Exchange and increased capacity. Introduction of a web-based file storage and collaboration system for each student which includes personal profile pages, blogs, and wiki’s.

Amount spent:

$ 750,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

16,797

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

14 %

Mean gift from MBA alumni:

$ 2,280

Median gift from MBA alumni

$ 150

Did school receive an individual gift in excess of $10 million in past academic year?

Business School Endowment

$ 227,852,372

Does the main university offer career placement services for alumni?

Yes

Does the main university have an alumni networking Web site?

Yes

University alumni networking site:

http://mba.mccombs.utexas.edu/mma/network/index.asp

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://mba.mccombs.utexas.edu/mma/network/index.asp

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 87 %
Graduates not seeking employment: 9 %
Graduates for whom you have no information regarding employment: 4 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 23 %
Percentage who were continuing their education (after graduation): 9 %
Percentage who were postponing their job search: 18 %
Percentage who were starting their own business(es) : 36 %
Percentage who were not seeking employment for other reasons: 14 %

Annual job-searching trips that the school coordinates or participates in:

Destination: NYC - Wall Street investment banks
Month: November 2007
Amount Paid By School: None
Destination: Dallas, TX -consulting firms
Month: November 2007
Amount Paid By School: None
Destination: Houston, TX - energy finance companies
Month: September 2007
Amount Paid By School: None

Primary Source of Job Offer

School-facilitated activities: 67 %
Graduate-facilitated activities: 31 %
No information provided by graduate: 2 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 88 %
Received first job offer in three months following graduation: 5 %
Received first job offer more than 3 months after graduation: 2 %
Did not report having received a job offer: 5 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	JPMorgan Chase & Co.		9
	Bank of America Corp.		8
	Citigroup Inc.		7
	Dell		5
	McKinsey & Company		5
	American Express		3
	Apple		3
	Goldman Sachs Group		3
	Merrill Lynch		2

	Deloitte Consulting		13
	E.On Climate and Renewables		4
	Accenture		3
	Microsoft Corporation		3
	Emerson Process Management		3
	Booz & Co.		2

Job-accepting graduates who received a signing bonus:

78 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 96,537
Median base salary for most recent graduates: $ 95,000
Mean signing bonus for most recent graduates: $ 24,641
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 16,195
Median other guaranteed compensation for most recent graduates: $ 11,875

Graduating students who accepted jobs in the following functional areas:

Consulting: 23 %
Finance/Accounting: 40 %
General Management: 14 %
Human Resources: 0 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 17 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 4 %
Other: 2 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 0 %
Consulting: 20 %
Consumer Products: 10 %
Financial Services: 32 %
Manufacturing: 7 %
Media/Entertainment: 2 %
Non-Profit: 0 %
Petroleum/Energy: 6 %
Pharmaceutical/Biotechnology/Health care Products: 0 %
Real Estate: 4 %
Technology: 13 %
Other: 7 %

Graduates who accepted full-time jobs in the following regions:

Africa: 0 %
Asia: 5 %
Eastern and Central Europe and Central Asia: 1 %
Latin America and the Caribbean: 3 %
Middle East: 0 %
North America: 91 %
Western Europe: 1 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 15 %
Mid-Atlantic: 3 %
South: 6 %
Southwest: 57 %
Midwest: 7 %
West: 11 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

	Bank of America Corp.		13
	Citigroup Inc.		8
	Dell		8
	American Express		4
	Chevron Corp.		4
	JPMorgan Chase & Co.		4
	Apple		3
	McKinsey & Company		3
	Procter & Gamble		3

	Deloitte Consulting		6
	Frito-Lay		6
	AT&T		5
	Cisco Systems		5
	Walmart		5
	ProLogis		4

Internships awarded that are paid:

96 %

Mean and median intern compensation per week:

Mean : 1,369
Median: 1,400

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

I wanted a broad experience from students to classes during my full-time MBA program, and I found exactly that at McCombs. For example, the first study group I was a member of comprised 4 other students: 1) an Indian who lived/worked in India his whole life; 2) an American who worked as a consultant in the Middle East; 3) a Taiwanese/American who worked at a bank in the Midwest; and 4) an American-born engineer raised in Texas. -- Marketing

McCombs vastly accelerated the level of position I was considered for in the workforce, as well as my earning power. I went from a job where I was making $38,000 in a much higher cost city (San Diego) to one where I am making $90,000 in a much lower cost city (San Antonio). -- Finance

It�s hard to match the value of the MBA from McCombs, especially for in-state tuition students. -- Consulting

McCombs has a great culture. The students are all very collaborative and friendly, and the professors honestly care about the students� progress and are readily available to help in any way possible. -- Finance

McCombs is filled with people of all different experiences, education levels, cultures and perspectives. Many of my friends and colleagues place importance on "working hard and playing hard," and value collaboration in the workplace. -- Marketing

Professors are world class, the classroom atmosphere is collaborative and energetic, and the extracurricular activities offer new and diverse challenges. Add in the city of Austin, and you've got a program that stands alone at the top. -- Marketing

The salary bump that I received wasn't worth the two years of lost wages. -- Consulting

A lot of the academics here are "fluffy" and lack depth. But my disappointment is with the content and depth of an MBA degree in general, even though my experience at the McCombs was good. -- Information Technology

The professional interaction through speaker series and recruiting has brought world-class talent and companies to McCombs. -- Consulting

At McCombs, you have a large amount of flexibility in regards to which classes you take, so you can focus on your interests and needs. -- Finance

I loved the students at McCombs, but I felt that the staff and the core faculty have fallen short of my overall expectations. There were many times when we were seeking guidance from the staff and they didn't care to view things from our point of view (as opposed to their own). Also, lesson plans need to be more applicable to real-world situations. -- Consulting

My classmates are very down-to-earth and outgoing, which helped me develop soft skills and create a fantastic network post-MBA. -- Consulting

The most incredible part of the last two years is the network I have built. My classmates are now some of my best friends, and I am truly amazed by their accomplishments. -- Marketing

The school and city really sell themselves: You�re able to study in a place like Austin, yet you�re not limited to Texas during the recruiting process. In fact, I had interviews and offers from firms located in California and New York. -- Investment Banking

McCombs has shown a dramatic amount of responsiveness to the students by letting the current dean go and bringing in a new dean that is a better fit for the program. My only complaint is that I didn't have enough semesters to take all of the classes that I wanted. -- Venture Capital/Private Equity

I had a fantastic experience. My full time job offer could not have been better. McCombs has the right mix of hard-working individuals, first-rate faculty, and team-work orientation. -- Finance