University of Texas, Austin

Program Basics

• • McCombs School of Business
  • McCombs School of Business
  • 1 University STation, B61000
  • The University of Texas at Austin
  • Austin, 78712, Texas
  • United States
  • Program Web site: http://new.mccombs.utexas.edu/bba
  • Program e-mail address: texasbba@mccombs.utexas.edu
  • Program phone number: 512-471-0690
  • Status: Public (state-operated)
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1922
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Institution's total undergraduate enrollment: 51,195
  • Undergraduate business program's full-time enrollment: 3,679
  • Undergraduate business program's part-time enrollment: 364
  • Undergraduate business program's distance enrollment: 0
• • Freshman retention rate for your college or university?: 96 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 70 %
  • Within six years of admission to the university: 83 %

• Undergraduate Business Degrees Offered:

  • Degree Offered (e.g. BA, BS)/Program Name: BBA / Bachelor of Business Administration

PROGRAM COSTS

• • Annual Tuition (Resident): $10,326.00
• • Annual Tuition (Non-Resident): $34,288.00
• • Annual Required Fees: $0.00
• • Tuition Per Academic Credit (Resident): $0.00
• • Tuition Per Academic Credit (Non-Resident): $0.00
• • Annual Room and Board: $10,112.00
• • Annual Cost of Books: $874.00

CLASS PROFILE

• Students in newest entering class (2010-2011) that are:

  • Female: 47 %
  • International: 6 %

• Mean and Median age of full-time business students in the 2010-11 entering class:

  • Mean: 18
  • Median: 18

• Percentage of 2010-11 entering class:

  • Top 10% of high school class: 90 %
  • Top 25% of high school class: 99 %

• SAT scores for the 2010-11 entering class of full-time undergraduate business students:

  • Mean: 1318
  • Median: 1330

• Middle 50% range of SAT scores:

  • From: 1220
  • To: 1420

• Mean and Median ACT scores for the 2010-11 full-time undergraduate business students:

  • Mean: 30
  • Median: 31

• Middle 50% range of ACT scores for the 2010-11 full-time undergraduate business students:

  • From: 28
  • To: 32

• Citizenship breakdown of 2010-11 entering class:

  • US: 90 %
  • Canada: 0 %
  • Other Non-US Citizens: 10 %

• US Citizens in 2010-11 entering class:

  • African American: 4 %
  • Asian American: 24 %
  • Hispanic or Latino American: 14 %
  • Native American: 1 %
  • White (Non-Hispanic): 56 %
  • Chose not to report: 1 %

• Regional breakdown of US Citizens in 2010-11 entering class:

  • Northeast: 2 %
  • Mid-Atlantic: 1 %
  • South: 3 %
  • Southwest: 84 %
  • Midwest: 6 %
  • West: 4 %

ADMISSIONS - Getting Into the Institution

• Which standardized tests are required of all applicants?:

  • SAT or ACT
• • Are interviews required?: Not required

• Application deadlines for the 2011-2012 academic year

  • Fall 2011 December 1, 2010
  • Spring 2012 October 1, 2011
• • Additional application requirements: Official high school transcript with rank, 2 essays completed, Texas Common Application. If international, must submit TOEFL.
• • Total number of full-time undergraduate applications (admitted and denied) to all programs: 31,000
• • Percentage of applicants admitted: 47 %
• • Percentage of admitted applicants who enrolled: 51 %
• • Percentage of applicants (admitted and denied) to the entire college for the 2010-11 academic year who were international: 17 %
• • Percentage of college applicants (admitted and denied) for the 2010-11 academic year who were female: 47

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Very Important
  • Talent/ability: Very Important
  • Interview: Not Considered
  • Extracurricular activities: Very Important
  • Volunteer work: Very Important
  • Character/personal abilities: Considered
  • Application essay: Very Important
  • work experience: Very Important
  • SAT/ACT scores: Very Important
  • Recommendations: Considered
  • High school GPA: Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total number of applicants (admitted and denied) to the undergraduate business program for the 2010-11 academic year: 7040
  • Percentage of applicants admitted to the program (selectivity)?: 24 %
  • Percentage of admitted applicants who enrolled (yield): 66 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: Yes
  • what exam other than SAT/ACT is required?: International students are required to take the TOEFL exam.
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • What percentage of 2010-11 admissions to the business program were freshmen? 78 %
  • Are business students admitted to the program as freshmen required to complete or obtain minimum GPAs? No
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Minimum college GPA for internal transfers to the business program: 3.40
  • Additional application requirements, including course/grade requirements: 24 hours in-residence coursework at UT Austin, college credit for the following courses: Calculus I, Calculus II, Microeconomics, Macroeconomics. A minimum 3.0 GAP is required to apply.

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Asian Business Students Association
  • Hispanic Business Students Association
  • Undergraduate Business Council
  • Alpha Kappa Psi
  • Association of Latino Professionals in Finance and Accounting
• • Are freshmen required to live on campus?: No
  • Are business students grouped together in 'learning communities' in housing and other facilities?: No

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • BBA 120

• Other requirements for the undergraduate business degree

  • 60 hrs in residence (24 bus hrs), 2.00 UT GPA (2.00 GPA in bus), 2 yrs in a foreign lang. in H.S., internship, careers course, 34 hrs in bus core, 15 hrs in major. Int'l Bus majors need 3 yrs foreign lang. & must study abroad for at least 1 sem.

ACADEMICS

• • Average class size in required business classes, excluding those offered in electronic format: 43
  • Average class size in BUSINESS ELECTIVES, excluding those offered in electronic format: 37
  • Average class size in NON-BUSINESS ELECTIVES required for admission: 0

• Percentage of business classes:

  • With 20 or fewer students: 8 %
  • With 21 to 50 students: 55 %
  • With more than 50 students: 37 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 13 %
  • Percentage of required business courses with waiting lists: 50 %

CURRICULUM

• Electives:

  • Number of elective courses (not different sessions of same course) available in the business program in the current academic year: 49
  • Names of new electives that have been added to the business program in the current academic year: (None)
• • In what year was the last major change or significant overhaul to the business program's core curriculum?: 2008
  • Total number of faculty currently teaching in the undergraduate business program: 151
  • Percentage of the total faculty that is tenured or tenure track: 48 %

• Most prominent faculty:

  • Andrew Whinston
  • Sheridan Titman
  • William Kinney

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Management Information Systems
    • Supply Chain Management
  • Other leading area of study: Business Honors Program

• New electives added in current academic year:

  • (None)

• Special Programs:

  • Special programs available to business students: Business Honors: highly selective program with small, intense courses, cohorts, and customized activities. Integrated Masters Program in Accounting: highly selective program with BBA and MPA in 5 years. Leadership Certificate Program: selective program for intensive leadership development. Career development. Extensive diversity programs and activities.

• Work study:

  • Does the business program offer work study or co-op opportunities?: No
  • Opportunities available for work study or co-op: There is a dedicated office in the Financial Services department for students to apply for work study positions all over campus. All business students are required to have an internship, and companion internship course, related to their major in order to graduate. Six week minimum and 150 hours of work are required to qualify. Many students complete multiple internships.

• Study abroad:

  • Does the business program offer opportunities to study abroad?: Yes
  • Study abroad programs: McCombs has 28 BBA specific reciprocal exchange semester-long study abroad programs, most in English, with other top international business schools in addition to the University's 500 general student abroad programs. We have our own study abroad office and advisors dedicated to business undergraduates. UT rates and courses facilitate enrollment. 37 % of business students study abroad.

• Volunteer opportunities:

  • Are opportunities for volunteer work and community service available to business students?: Yes
  • Available opportunities for volunteer work and community service: There is a staffed UT Volunteer Center which provides opportunities for students. Business student organizations also perform many community service activites, which we strongly encourage and assist with staff guidance and corporate support.

• Extracurricular activities:

  • Business-related clubs and extra-curricular activities are available to undergraduate students: LeaderShape Program
  • 4 Case Competitions
  • LeaderShip Program
  • Career Expo
  • International Day
  • 43 Business-Specific Organizations
  • Company Field Trips
  • Freshman Interest Groups

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://finaid.utexas.edu/

• Scholarships

  • Total scholarship money distributed to undergrad business students through the financial aid office: $2,807,600.00
  • Total scholarship money expected to be distributed to undergrad business students through the financial aid office: $2,947,980.00
  • On what basis are scholarships awarded to students in your business program?: a combination of need and merit
  • Percentage of undergraduate business students receiving institutional scholarships or grants for the 2010-11 academic year: 45 %
  • Percentage of undergraduate business students receiving FULL-TUITION scholarships for the 2010-11 academic year: 2 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on need: 73 %
  • Percentage of institutional scholarship money distributed to undergraduate business students based on merit: 27 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt among 2010 undergraduate business program graduates: $20,542.00

CAREER SERVICES

• Employment Information

  • Percentage of 2010 graduates from the business program for whom you have information regarding employment: 55 %
  • Percentage seeking full-time professional employment in business: 82 %
  • Percentage not seeking full-time professional employment in business: 18 %
• • Number of companies that recruited undergraduate business students on campus: 702
  • Number of companies that posted full-time job offers for undergraduate business students on school job boards: 2,000
  • Other activities and services: Reqd CareerStrategiesCourse for busfreshmen and transferstudents, First GenCareerProg, GlobalJobFair, Fall/SpringCareerExpo, Women's Council, FirstGenCareerCoaching, EtiquetteDinners, EmplNetworkingEvents, Employer Brief and Meets, McCombs Diversity Council, Case Prep Workshops, Peer to Peer Programming CoField Trips, Employer Mentoring Programs, McCombs Diversity Dinner w/employers, Peer Career Mentors, Workshops to prep for interviews, office visits, resumes, industry specific topics

• Job Offers

  • Received first job offer by graduation: 100 %
  • Accepted first job offer by graduation : 100 %

• Firms that hired the most 2010 undergrad business majors for full time jobs

  • PricewaterhouseCoopers 35
  • Deloitte Consulting 30
  • Deloitte 25
  • Ernst & Young 25
  • KPMG 24
  • Accenture 15
  • Goldman 10
  • Dell 10
  • Bank of America Merrill Lynch 9
  • Target 9
  • Shell 9
  • Google 7
  • General Mills 7
  • ExxonMobile 6
  • Bazaar Voice 5

• Compensation

  • Mean base salary: $54,005.00
  • Median base salary : $55,000.00
  • Mean signing bonus: $5,813.00
  • Median signing bonus: $5,000.00
  • Mean other guaranteed compensation: $8,583.00
  • Median other guaranteed compensation: $10,000.00

• Percentage of 2009-10 academic year graduates who accepted jobs in the following functional areas:

  • Consulting: 30 %
  • Finance/Accounting: 40 %
  • General Management: 2 %
  • Human Resources: 1 %
  • Management Information Systems: 5 %
  • Marketing/Sales: 8 %
  • Operations/Production: 1 %
  • Logistics/Transportation: 6 %
  • Other: 7 %

• Percentage of 2009-10 academic year graduates who accepted jobs in the following industries:

  • Accounting: 27 %
  • Consumer Products/Retail : 10 %
  • Consulting: 10 %
  • Financial Services: 12 %
  • Government/Education: 6 %
  • Pharma/Biotech/Health: 2 %
  • Manufacturing: 1 %
  • Media/Entertainment: 1 %
  • Petroleum/Energy: 6 %
  • Real Estate: 3 %
  • Sports/Leisure: 2 %
  • Technology/Science: 15 %
  • Non-Profit: 1 %
  • Transportation: 1 %
  • Utilities: 1 %
  • Other: 2 %

• Percentage of 2009-10 academic year graduates who accepted jobs in North America:

  • US: 100 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 15 %
  • Mid-Atlantic: 1 %
  • Midwest: 5 %
  • South: 3 %
  • Southwest: 71 %
  • West: 5 %
  • Possessions and territories: 0 %

INTERNSHIPS

• • Number of companies that recruited internship-seeking undergraduate business students on campus in 2009-10 academic year: 500
  • Number of companies that posted internships for undergraduate business students on school job boards in 2009-10 academic year: 917

• Firms that hired the most 2010 undergrad business majors for internships:

  • Bank of America Merrill Lynch 30
  • Goldman 15
  • Dr Pepper Snapple Group 14
  • PricewaterhouseCoopers 10
  • ConocoPhillips 9
  • JPMorganChase 9
  • Target 9
  • BazaarVoice 9
  • Ernst & Young 9
  • Dell 8
  • General Mills 8
  • National Instruments 8
  • Texas Instruments 6
  • Wells Fargo 6
  • Shell 6

• Internship pay

  • Percentage of internships from July 1, 2009 to June 30, 2010 that were paid: 85 %
  • Mean compensation, per week, for paid internships only: $690.00
  • Median compensation, per week, for paid internships only: $694.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 73,934
  • Total living alumni of the undergraduate business program: 63419
  • Percent of living undergraduate business alumni who contributed to the program or university July 1, 2009 to June 30, 2010: 17 %

• Alumni gifts

  • Mean Gift: $2,750.00
  • Median Gift: $160.00
  • Did undergraduate business program receive any individual gift in excess of $10 million from July 1, 2009 through June 30, 2010?: No

• Prominent alums of the undergrad business program

  • Gary Kelly CEO/Vice Chairman, Southwest Airlines
  • Jim Mulva Chair/CEO, Conoco Phillips
  • Lynn Utter President/COO, Knoll Inc.

• • -The career services offices do an outstanding job exposing students to a variety of different companies, and they encourage this interaction starting freshman year. Students become very comfortable with networking and professional situations.
    
    -The professors are outstanding, knowledgeable, and really teach their material well. The classes are not too big, and I was able to get to know many students in my class. (As a double major, this is a large difference from my engineering classes, where there are hundreds of students in the same class, and it is hard to get to know them or the professor.) The material is taught so that it is applicable to the real business world, and there is a heavy emphasis put on group projects, presentations, and communication skills.
    
    -McCombs' emphasis on experiential learning has really set it apart from other programs - from the required internship for all McCombs students to the strong emphasis and quality of opportunities to study abroad or the encouragement to develop student leadership. This all really made me enjoy the program and prepared me for my career ahead.
    
    -We are taught by top professors. We practice rather than just read [about business]. Most of our classes have team, real-world projects that allow us to use our business skills to help the community. Secondly, we are one of the only undergraduate business schools to have the financial analyst program, where we learn to value and pitch stocks to investment professionals and fund managers.
    
    -Although it is a competitive program, the students enjoy their social time, too. Socializing is just as, if not more, important to preparing for the working world. Also, the amount of group projects we do (a ton) helps with socializing. At my interviews with students from other schools, there was a distinct difference between the McCombs' students and those from the other schools. They were the ones having a good time. It's a smart and social program. In addition, there is a focus on ethics that my friends in other programs do not receive. Our business law class enforces ethics.
    
    -The McCombs School of Business gives all business students access to reliable online sources that are useful in internship and job recruiting. Also, this business program gives ample opportunities to make connections with well-known businesses throughout various industries. One prime example is Career Expo, which is held every semester. This program also holds numerous workshops designed to aid in resume writing, job interviews, etc. In addition, this program consists of intelligent, open-minded professors who are always willing to listen to their students and are available when they are needed.
    
    -McCombs has a very diversified student body, which turns out smart and well-rounded professionals. Our professors are as diversified as our students. Most of the professors in McCombs have already achieved success in the business world and teach because they enjoy it. There is also a highly entrepreneurial spirit at UT that challenges students to think outside the box and be individuals in realizing our business [potential] for the future. I feel I have learned as much if not more real-world applicable knowledge as I have knowledge of the core business curriculum and major sequence classes.
    
    -Specifically, the Business Honors Program at the University of Texas doesn't just allow one to grow intellectually but spurs one to realize his or her dream whatever it may be. It builds our foundation, surrounds us in a motivational environment of other highly competitive students, shows us all the possible opportunities available out there, allows close interaction with our professors, and lets us walk the future path we choose.
    
    -Our business program could be made stronger by having smaller classes and fitting the curriculum more to your major and track from the earlier stages of college.
    
    -Although our program is extremely well fortified as it stands, there is always room for improvement. I feel that we could integrate ourselves in a smoother, more co-operative way with other schools on our campus that revolve around similar topics. For instance, I would like to see us work closer with the school of economics or communications. I feel that if we were to integrate our classes more with these other similar majors, we could get a more diverse mind set in regards to different topics, rather than always being in classes with similar majors and typically similar minds.
    
    -Having a variety of choices of major that are all good programs, teachers who understand what you're going through during recruiting and have real-world experience, many extracurricular activities available, and many speaker series to attend are what make this school unique.
    
    -The facilities could use a face lift, and more academic scholarships would attract additional top students.
    
    -The career services program is especially important to McCombs, because it allows top recruiters easy access to the students. Also, I think that the caliber of the professors here is above and beyond that of other business schools. The program creates well-rounded students who have a well-developed skill base in every area of concentration within the business field. In addition, the Business Foundations program offered to non-business students is a great resource and should be offered at every university.
    
    -My school is often criticized for its size (larger than almost any other four-year program), but it still manages to offer the best education in the country. Our professors care so much about students and that shines through in the classroom. The family atmosphere at our school makes for an unmatched college experience.