University of Texas, Austin

Program Basics

• • Texas MBA Program
  • McCombs School of Business
  • 1 University Station, B61000
  • TX
  • Austin, 78712, Texas
  • United States
  • Program Web site: www.mccombs.utexas.edu/mba/full-time
  • Status: Public
  • Program e-mail address: TexasMBA@mccombs.utexas.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,779
  • Full-Time MBA: 534
  • Part-Time MBA: 197
  • Executive MBA: 126
  • PhD Program: 99
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Technology

PROGRAM COSTS

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

  • Resident: $64,980.00
  • Nonresident: $94,979.00
  • Recommended annual budget (Resident): $52,144.00
  • Recommended annual budget (Nonresident): $67,140.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Oct 24, 2011
  • Semester: Fall 2012
  • Deadline: Dec 5, 2011
  • Semester: Fall 2012
  • Deadline: Jan 23, 2012
  • Semester: Fall 2012
  • Deadline: Mar 26, 2012
• • Does the program have rolling admissions? No
  • 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 Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 620

• Relative Importance of 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: 2,253
  • Applicants who were accepted to the most recent class: 25 %
  • Admitted applicants who enrolled in the newest class: 46 %
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 51 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 40 %
  • Applications from women received: 26 %
  • Mean base salary forgone: $65,033.00
  • Median base salary forgone: $64,000.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 28 %
  • International: 24 %

• Students from following regions:

  • Africa: 0 %
  • Asia: 18 %
  • Europe: 0 %
  • North America: 77 %
  • Latin America and the Caribbean: 5 %
  • Oceania: 0 %
  • Dual citizenship: 0 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 2 %
  • Asian American: 12 %
  • Hispanic or Latino American: 8 %
  • Native American: 1 %
  • White (Non-Hispanic): 72 %
  • Chose not to report: 5 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 11 %
  • Mid-Atlantic: 8 %
  • South: 6 %
  • Southwest: 46 %
  • Midwest: 10 %
  • West: 14 %
  • Possessions and territories: 5 %
• • Mean months of work experience of newest entering class: 63
  • Median months of work experience of newest entering class: 60

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

  • From: 36
  • To: 95
• • Median age of entering class: 28
  • Mean age of entering class: 28

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 100 %
  • Full-time MBAs receiving financial aid in the current academic year: 68 %
  • Mean MBA financial aid package for the current academic year: $47,770.00
  • Median MBA financial aid package for the current academic year: $38,573.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $15,325.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $76,361.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (applicant pool):

  • 25th Percentile 640
  • Average GMAT Score 670
  • 10th Percentile 590
  • 75th Percentile 710
  • 50th Percentile (median) 680
  • 90th Percentile 730

• GMAT score distribution (incoming class):

  • 25th Percentile 660
  • 50th Percentile (median) 700
  • 10th Percentile 640
  • 90th Percentile 740
  • 75th Percentile 720
  • Average GMAT Score 692

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 65
  • Average number of students in a full-time MBA elective class: 34
  • Elective courses available to full-time MBA students: 101

• Electives that have been added to the full-time program since June 30, 2010:

  • Business and the Environment
  • Global Macro-Economic Policy
  • Management: Energy, Technology & Policy
  • Intro to Consulting
  • Large Scale Optimization

• Concentrations and specializations offered to full-time MBA students:

  • • Consulting
    • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Health Care Administration
    • Real Estate
    • Supply Chain Management
    • Accounting
    • Leadership
    • Operations Management
    • Strategy
    • Public Policy
    • Corporate Social Responsibility
    • International Business
    • Portfolio Management
  • Energy Finance, Clean Tech, Social Enterprise

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MA (Arts)
    • MBA/JD (Law)
    • Other
    • MBA/MSN (Nursing)
    • MBA/MSME (Mechanical Engineering)
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Finance
    • Entrepreneurship
    • Marketing
    • Consulting
    • Strategy

FACULTY

• • Faculty employed by the B-school: 250

• Full-time faculty:

  • Tenured: 95
  • Non-Tenured: 42

• Adjunct/Visiting Faculty:

  • Tenured: 2
  • Non-Tenured: 111

• Women on Faculty:

  • Tenured: 24
  • Non-Tenured: 52

• Minority Faculty:

  • Tenured: 22
  • Non-Tenured: 15

• International Faculty:

  • Tenured: 21
  • Non-Tenured: 28

• Faculty with PhDs:

  • Tenured: 97
  • Non-Tenured: 97

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Finance
    • Marketing
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Media & Entertainment
    • Human Resources

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 35 %
  • Distance Learning: 0 %
  • Experiential Learning: 10 %
  • Lectures: 40 %
  • Simulations: 5 %
  • Team Projects: 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

• • Technology improvements in the last three academic years: Enhancements to lecture capture have expanded capacity for recording and allow for real-time participation from remote locations. Introduction of a web-based file storage and collaboration system for each student which includes personal profile pages, blogs, and wiki’s. Enhanced wireless speed and coverage to improve network access in the classroom. Expanded network storage and provided automated backup services. Expanded on-site support services for students with computer-related issues.
  • Amount spent: $1,250,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 18,276
  • Active MBA alumni clubs: 31
  • Countries in which MBA clubs exist: 13
  • Living MBA alumni who gave in past year: 8 %
  • Mean gift from MBA alumni: $1,297.00
  • Median gift from MBA alumni: $127.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $234,236,864.00
  • 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://www.texasexes.org
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.mccombs.utexas.edu/alumni
  • Does the B-SCHOOL offer career services for alumni? Yes
  • 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: 8 %
  • Graduates for whom you have no information regarding employment: 5 %

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

  • Destination: New York - Investment Banking
  • Month: October
  • Amount Paid By School: None
  • Destination: Seattle - Marketing
  • Month: October
  • Amount Paid By School: Partial
  • Destination: Dallas - Consulting, Finance and Marketing
  • Month: October and November
  • Amount Paid By School: Partial
  • Destination: Houston - Clean Tech, Banking, Consulting and Alternative Energy
  • Month: October and November
  • Amount Paid By School: None
  • Destination: San Francisco for High Tech/Marketing
  • Month: January
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 70 %
  • Graduate-facilitated activities: 24 %
  • No information provided by graduate: 6 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 82 %
  • Received first job offer in three months following graduation: 10 %
  • Did not report having received a job offer: 8 %
  • Accepted first job offer by graduation: 75 %
  • Accepted first job offer in three months following graduation: 14 %
  • Did not report having accepted a job offer: 11 %

• Top recruiting organizations most recent academic year:

  • Dell 20
  • Deloitte Consulting 14
  • Bank of America / Merrill Lynch 8
  • General Electric (GE) 6
  • Booz & Co. 5
  • Pepsico / Frito Lay 5
  • Advanced Micro Devices (AMD) 4
  • Credit Suisse 4
  • J.D. Morgan Chase & Co. 4
  • PriceWaterhouseCoopers 4
  • American Express 3
  • Ernest & Young 3
  • Exxon Mobil 3
  • General Mills 3
  • Goldman Sachs, Anadarco, Intell 3
• • Job-accepting graduates who received a signing bonus: 74 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $101,412.00
  • Median base salary: $100,000.00
  • Mean signing bonus: $23,085.00
  • Median signing bonus: $20,000.00
  • Mean other guaranteed compensation: $19,654.00
  • Median other guaranteed compensation: $15,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 22 %
  • Finance/Accounting: 35 %
  • General Management: 5 %
  • Marketing/Sales: 28 %
  • Management Information Systems: 2 %
  • Operations/Logistics: 5 %
  • Other: 3 %

• Graduating students who accepted jobs in the following industries:

  • Consulting: 20 %
  • Consumer Products: 8 %
  • Financial Services: 26 %
  • Manufacturing: 5 %
  • Non-Profit: 2 %
  • Petroleum/Energy: 11 %
  • Pharmaceutical/Biotechnology/Health Care: 2 %
  • Technology: 22 %
  • Other: 4 %

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

  • Africa: 0 %
  • Asia: 3 %
  • Europe: 1 %
  • North America: 94 %
  • Oceania: 1 %
  • Latin America and the Caribbean: 1 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 11 %
  • Mid-Atlantic: 1 %
  • South: 6 %
  • Southwest: 64 %
  • Midwest: 6 %
  • West: 12 %

• Top recruiting organizations for internships, most recent academic year:

  • Dell 15
  • Deloitte Consulting 10
  • Bank of America / Merrill Lynch 9
  • Advanced Micro Devices (AMD) 8
  • Pepsico / Frito Lay 6
  • J.P. Morgan & Chase Co. 6
  • Citi Group 4
  • LeTourneau Technologies 4
  • PriceWaterhouseCoopers 4
  • UBS Investment Bank 4
  • Apple 3
  • Boston Consulting Group 3
  • Chevron 3
  • Dr. Pepper / Snapple 3
  • Exxon Mobil 3
• • Internships awarded that are paid: 95 %

• Weekly internship compensation:

  • Mean: $1,515.00
  • Median: $1,501.00
• • Average internship length in weeks: 11

• • -McCombs offers the perfect mix of in-class instruction and real-life, hands-on opportunities outside of the classroom. I believe this combination prepares McCombs graduates better than others when re-entering the workforce. In addition, a huge advantage that McCombs graduates have is the fact that the state of Texas has so many companies based here as well as large regional offices of those based elsewhere. Given these companies look to hire MBAs regionally, their first choice is naturally McCombs which, in turn, insulates McCombs from the job market that other graduates are facing in markets where there is more concentration of top business schools (for example, New York).
    
    -McCombs offers a wide array of enriching opportunities -- more than any one person can take advantage of -- and this means that each student can find his niche and pursue the course of study most relevant to him. Special offerings, such as Venture Labs, Venture Fellows, Marketing Fellows, and the MBA Investment Fund, offer unique and challenging programs that complement and enhance the standard coursework.
    
    -The networking opportunities at the University of Texas are incredible. We have an enormous alumni base.
    
    -The MBA at the McCombs School of Business provided me with exceptional opportunities for learning and enhancing my academic and professional experiences. Nevertheless, I think that the program still has room for improvement, especially with regard to addressing business issues and challenges with a perspective that goes beyond the U.S. environment and giving international students better support in their pursuit of a career.
    
    -I worked with some of the smartest and most collaborative students that I've ever met in my life. Not once did I feel that my fellow students wouldn't help [me] because of the forced grade curve in most classes. On the contrary, students were always helping each other.
    
    -I think the UT program is definitely a fit for a more unstructured and experiential learner. I figured out during the course of the program that I prefer a more rigorous classroom experience than what UT generally offers.
    
    -Because Texas is somewhat a regional school for job placement, I would definitely recommend it to those wishing to secure employment in the South, but less so for those seeking employment elsewhere.
    
    -McCombs has the greatest advantages in some niche markets. For example, if you want to start a company, Austin is a great place. If you want to work for the energy industry, the school has a great curriculum and strong network with Houston and Dallas. For those who have strong career visions, I would definitely recommend this school. If you want to be an investment banker, this may not be your first choice.
    
    -As a program, McCombs has its priorities in perfect balance. The academic rigor is there to push students out of their comfort zone, the career services team gives great personal attention and has a strong network (especially in the growing energy sector), and the emphasis on team building helps prepare students for their jobs. McCombs draws a well-rounded group of students to Austin, who are as serious about advancing their careers as they are building a strong professional network, which makes for a tightly knit and social community.
    
    -I would only encourage people younger than 28 without a spouse or family to attend McCombs because that is really who the school caters to. Also, I would make sure that prospective students realize that employers primarily from Texas are the ones who recruit at McCombs. The core teaching was lackluster, but I heard that they made several changes in faculty. Finally, I also caution that the Venture Fellows and Investment Funds (the premier student organizations), are primarily made up of men.
    
    -The MBA program office at UT - Austin has been continuing their efforts to improve job placement of international students over the past year. However, I still expect that they can be more aggressive to promote international students in the MBA program to employers.
    
    -The efforts of MBA professors at McCombs cannot be overstated. There are at least 10 phenomenal teachers at McCombs and this has greatly enriched the academic and social experience - these teachers truly love to teach, which is rare in graduate-level education. Additionally, another factor that compelled me to choose McCombs was its size, and I was not able to state this during the survey. I believe McCombs is the perfect size for collaboration and a truly stimulating environment and would not have been happy in a larger program.