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University of Texas at Austin
McCombs School of Business
Getting In
PROGRAM BASICS
Texas MBA Program
McCombs School of Business
1 University Station B6000
Austin
,
Texas 78712
United States
Program Web site:
Status:
Public Institution
Program e-mail address:
Graduate business school is accredited by:
AACSB International
SCHOOL BASICS
Graduate business school enrollment:
Total:
1,632
Full-Time MBA:
534
Part-time MBA:
183
Executive MBA:
108
PhD Program:
109
Undergraduate business school enrollment:
4,354
Graduate degree programs:
Master of Accounting
Other graduate degree programs:
N/A
PROGRAM COSTS
Total direct costs (tuition and required fees) of the entire MBA program:
Resident :
$
53,500
Nonresident :
$
85,760
Recommended annual budget (Resident):
$
44,894
Recommended annual budget (Nonresident):
$
61,024
PROGRAM LENGTH
Full-time program (months):
21
ADMISSIONS
Application Deadlines
Semester:
Fall 2010
Deadline:
Nov. 2, 2009 (early)
Semester:
Fall 2010
Deadline:
Jan. 15, 2010 (int'l
Semester:
Fall 2010
Deadline:
Apr. 1, 2010 (final)
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
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:
2,284
Applicants who were accepted to the most recent class:
23 %
Admitted applicants who enrolled in the newest class:
49 %
Applicants who were re-applicants from prior years:
4 %
Percentage of this year's reapplicants accepted:
21 %
Applicants wait-listed during the last admissions cycle:
239
Wait-listed applicants admitted for the semester to which they applied:
47
Applicant interviews are:
By invitation only
Applicants (admitted and denied) who were interviewed:
54 %
Admitted applicants who were interviewed:
100 %
APPLICANT POOL
International applications received:
39 %
Applications from women received:
26 %
Mean base salary forgone:
$ 61,334
Median base salary forgone:
$ 62,000
CLASS PROFILE
Full-time students in newest entering class (2009-2010) that are:
Female:
26
%
International:
25
%
Students from following regions:
Africa :
0
%
Asia:
16
%
Eastern Europe and Central Asia:
1
%
Latin America and the Caribbean:
7
%
Middle East:
1
%
North America:
72
%
Oceania :
0
%
Western Europe:
3
%
Dual citizenship:
0
%
Percentage of U.S. students in newest entering class that are:
African American:
4
%
Asian American:
13
%
Hispanic or Latino American:
11
%
Multiethnic/Multiracial :
0
%
Native American:
0
%
White (Non-Hispanic):
71
%
Chose not to report:
1
%
Other:
0
%
Percentage of U.S. students in newest entering class who are from the following regions:
Northeast:
12
%
Mid-Atlantic:
11
%
South:
12
%
Southwest:
41
%
Midwest :
8
%
West:
14
%
Possessions and territories:
0
%
Mean months of work experience of newest entering class:
58
Median months of work experience of newest entering class:
55
Middle 80% range of work experience of newest entering class in months:
From:
30
To:
90
Median age of entering class:
27
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:
76 %
Full-time MBAs receiving financial aid in the current academic year:
73 %
Mean MBA financial aid package for the current academic year:
$ 48,675
On what basis are scholarships awarded?
Academic merit
Full-tuition scholarships school will award during the upcoming academic year:
24
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:
$ 12,696
Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study:
91 %
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:
$
69,552
GMAT
Are applicants required to take the GMAT?
Yes
GMAT scores:
Mean :
681
Median:
680
Middle 80% range GMAT scores:
From:
610
To:
740
Academics & Lifestyle
CLASS OFFERINGS
Average number of students in a full-time MBA core class:
58
Average number of students in a full-time MBA elective class:
35
Elective courses available to full-time MBA students:
101
Electives that have been added to the full-time program since June 30, 2009:
Global Challenges to National Innovation System
Small Business Consulting Practicum
Social Entrepreneurship
Advocacy
Business Law and Innovation
Year of last major change or significant overhaul to the core curriculum:
2009
Concentrations and specializations offered to full-time MBA students:
Accounting
Corporate Social Responsibility
Entrepreneurship
Finance
General Management
Management Information Systems
Marketing
Operations Management
Portfolio Management
Real Estate
Strategy
Supply Chain Management
N/A
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?
No
The school believes that its leading areas of study for full-time MBA students are:
Consulting
Entrepreneurship
Finance
Marketing
Strategy
FACULTY
Faculty employed by the B-school:
175
Full-time faculty:
Tenured:
90
Non-Tenured:
77
Adjunct/Visiting Faculty:
Tenured:
0
Non-Tenured:
8
Women on Faculty:
Tenured:
18
Non-Tenured:
29
Minority Faculty:
Tenured:
16
Non-Tenured:
11
International Faculty:
Tenured:
15
Non-Tenured:
30
Faculty with PhDs:
Tenured:
89
Non-Tenured:
69
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
Other
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
%
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:
Expanded wireless network coverage, and increased network security. Upgraded 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:
$ 800,000
Alumni Affairs & Careers
B-SCHOOL ALUMNI
Living MBA alumni:
17,214
Active MBA alumni clubs:
32
Countries in which MBA clubs exist:
11
Living MBA alumni who gave in past year:
8 %
Mean gift from MBA alumni:
$ 1,102
Median gift from MBA alumni:
$ 125
Did school receive an individual gift in excess of $10 million in the past academic year?
Yes
Business school endowment
$ 180,263,512
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:
Does the B-School have an alumni networking Web site?
Yes
Business school alumni networking site:
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:
7
%
Graduates for whom you have no information regarding employment:
6
%
Annual job-searching trips that the school coordinates or participates in:
Destination:
Houston - Energy Finance Trek
Month:
September
Amount Paid By School:
None
Destination:
New York - Retail Trek
Month:
October
Amount Paid By School:
None
Destination:
New York - Wall Street / Investment Banking Trek
Month:
October
Amount Paid By School:
None
Destination:
Dallas - Consulting Trek
Month:
November
Amount Paid By School:
Partial
Destination:
Bay Area / San Francisco Trek
Month:
January
Amount Paid By School:
Partial
Primary source of job offer:
School-facilitated activities:
68
%
Graduate-facilitated activities:
31
%
No information provided by graduate:
1
%
Job Offers for 2009 graduates:
Received first job offer by graduation:
70
%
Received first job offer in three months following graduation:
9
%
Received first job offer more than 3 months after graduation:
4
%
Did not report having received a job offer:
17
%
Accepted first job offer by graduation:
69
%
Accepted first job offer in three months following graduation:
9
%
Accepted first job offer more than 3 months after graduation:
5
%
Did not report having accepted a job offer:
17
%
Top recruiting organizations most recent academic year:
Bank of America
10
Dell
10
Deloitte Consulting
9
AT&T
6
Microsoft
4
Walmart
4
Pricewaterhouse Coopers
4
Frito-Lay
4
Citigroup
3
Symantec Corporation
3
Barclay's Capital
3
ExxonMobil Corporation
3
Chevron
3
Booz & Company
3
McKinsey
2
Job-accepting graduates who received a signing bonus:
74 %
Base salary, signing bonuses and other compensation for most recent employed graduates:
Mean base salary:
$
96,318
Median base salary:
$
95,000
Mean signing bonus:
$
22,672
Median signing bonus:
$
20,000
Mean other guaranteed compensation:
$
25,450
Median other guaranteed compensation:
$
20,000
Graduating students who accepted jobs in the following functional areas:
Consulting:
22
%
Finance/Accounting:
42
%
General Management:
12
%
Human Resources:
0
%
Marketing/Sales:
18
%
Management Information Systems (MIS):
2
%
Operations/Logistics:
4
%
Other:
0
%
Graduating students who accepted jobs in the following industries:
Government:
0
%
Consulting:
19
%
Consumer Products:
11
%
Financial Services:
25
%
Manufacturing:
5
%
Media/Entertainment:
1
%
Non-Profit:
1
%
Petroleum/Energy:
10
%
Pharmaceutical/Biotechnology/Health Care:
2
%
Real Estate:
3
%
Technology:
20
%
Other:
3
%
Graduates who accepted full-time jobs in the following regions:
Africa:
0
%
Asia:
6
%
Eastern and Central Europe and Central Asia:
0
%
Latin America and the Caribbean:
1
%
Middle East:
0
%
North America:
91
%
Oceana:
0
%
Western Europe:
2
%
Within North America, graduates who accepted full-time jobs in the following regions:
Northeast:
10
%
Mid-Atlantic:
3
%
South:
8
%
Southwest:
60
%
Midwest:
4
%
West:
14
%
Possessions and territories:
0
%
Canada:
1
%
Top recruiting organizations for internships, most recent academic year:
Dell
10
AT&T
6
Deloitte Consulting
6
Advanced Micro Devices
4
American Express Company
4
Bank of America
4
Conoco Phillips
4
Continental Airlines
4
ExxonMobil
4
Frito-Lay
4
Apple
3
Austin Technology Incubator
3
Employees Retirement System of Texas
3
J.P. Morgan Chase & Company
3
Johnson & Johnson
3
Internships awarded that are paid:
88 %
Weekly internship compensation:
Mean:
$ 1,204
Median:
$ 1,293
Average internship length in weeks:
11
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
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