UNDERGRADUATE Profiles Publish Date 2/26/09

University of Texas -- Austin

McCombs School of Business

Getting In

PROGRAM BASICS

McCombs School of Business

1 University Station, B6100
The University of Texas at Austin
Austin , Texas 78712

Public Institution

Web site

http://www.mccombs.utexas.edu

Program e-mail address:

texasbba@mccombs.utexas.edu

Program telephone number:

(512) 471-0690

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1922

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BBA / Bachelor of Business Administration

PROGRAM COSTS

Annual Tuition (Resident):

$ 9,354

Annual Tuition (Non-Resident)

$ 30,770

Books:

$ 409

Room and board:

$ 11,689

ENROLLMENT

Full-time undergraduate business student enrollment:

3,942

Part-time undergraduate business student enrollment:

155

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

50,006

ADMISSIONS

Interviews for entire college:

Not required

Additional application requirements for entire college:

Class rank, transcript, 2 essays, extracurricular resume, SAT or ACT, TOEFL

Upcoming application deadlines for entire college:

Semester: Spring 09
Deadline: 10-01-2008
Semester: Summer 09
Deadline: 01-15-2009
Semester: Fall 09
Deadline: 01-15-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

74 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Freshmen admitted by:

Indicate interest on university application

Minimum requirements for business program:

Entrance exam requirement other than SAT/ACT for business program:

Yes

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

Same as University

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

29,501

International applicants, entire college, 2008-09:

9 %

Female applicants, entire college, 2008-09:

51 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

44 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

52 %

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:

Very Important

Application Essay:

Very Important

Work Experience:

Very Important

SAT/ACT Scores:

Very Important

Recommendations:

Considered

High School GPA:

Considered

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

8,168

Applicants enrolled in undergrad business program 2008-2009:

69 %

Applicants admitted to undergraduate business program, 2008-09:

20 %

CLASS PROFILE

Class Profile:

Female: 53 %
International : 4.5 %

Entering students by age:

Mean: 18
Median: 18

Citizenship of Entering Students

U.S.: 96 %
Other countries: 4 %

Percentage of US citizens in entering class who are:

African American: 5 %
Asian American: 26 %
Hispanic or Latino American: 17 %
Native American: .4 %
White (Non-Hispanic): 47 %
Chose not to report: 4.6 %

Entering students from the following region:

Northeast: .6 %
Mid-Atlantic: .9 %
South: 2.5 %
Southwest: 92 %
Midwest : 2.7 %
West: 1.6 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1301
Median: 1310

SAT middle 50% range on 1600 scale:

From: 1,180
To: 1,420

ACT Scores for full-time entering business students:

Mean: 28
Median: 29

ACT middle 50% range:

From: 25
To: 32

Percent of Students Who Were In:

Top 10% of high school class

93 %

Top 25% of high school class:

93 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 880,250

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 906,000

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

Unique scholarship application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

11 %

Undergraduate business students with full-tuition scholarships 2008-09:

0 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

65 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

35 %

School offers guaranteed loans:

Financial aid web site

http://finaid.utexas.edu/

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

72 %

Business students who graduate within 6 years:

81 %

Freshman retention rate:

93 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BBA
Hours: 120

Other degree requirements:

60 hours in residence, 24 business hours in residence, 2.00 UT GPA, 2.00 GPA in business courses, 2 years in a foreign language in high school, required internship, required careers course, 34 hours in business core classes, 15 hours in major courses. International Business majors need 3 years of a foreign language in college and must study abroad for at least 1 semester.

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 10 %
Classes with 21 to 50 students: 53 %
Classes with more than 50 students: 37 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

36 %

Required business courses that had waiting lists, 2007-08:

52 %

CURRICULUM

Number of elective courses available in business program:

Electives added current year:

Foundations of Management Info Systems
Statistics and Modeling
Business Process Excellence
Enterprise Application Integration

Year of the last major change to the business program's core curriculum:

2008

Leading areas of study:

Accounting

Finance

Management Information Systems

Supply Chain Management

Other

Business Honors Program

Special programs for 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. International Case Competition. Extensive diversity programs and activities.

Business program offers work study or co-op opportunities:

Yes

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.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

27 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: 35% of business students study abroad.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

There is a staffed UT Volunteer Center which provides opportunities for students. Business student organizations also perform many community service activities, which we strongly encourage and assist with staff guidance and corporate support.

Business clubs and extracurricular activities:

Leadership Certificate Program
McCombs Ambassador Program
McCombs Diversity Council
McCombs International Case Competition
VIP Lecture Series
McCombs Executive Summit
35 Business-related Clubs
BBA Women's Council

FACULTY

Faculty:

Full-time faculty : 99
Adjuncts and visiting faculty: 54
Permanent/tenured professors: 37
Percentage of permanent/tenured professors who are women: 24
Percentage of permanent/tenured professors who are underrepresented minorities: 3
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 13
Percentage of permanent/tenured professors who are business owners: 1

Prominent faculty:

Andrew Whinston
Sheridan Titman
William Kinney

STUDENT LIFE

Largest on-campus organizations for business students:

Hispanic Business Student Association
Asian Business Student Association
Undergraduate Business Council
Alpha Kappa Psi
American Marketing Association

Freshmen are required to live on campus:

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Increased wireless coverage and a new encrypted wireless network for enhanced security. Significant increase in email capacity and the introduction of enterprise spam filtering. Ten-fold increase in web-accessible file storage systems and the introduction of advanced collaboration and communication tools for students, including student blogs, discussion boards and survey tools. Business school computer labs were upgraded to the newest hardware and study spaces renovated to create private study rooms with digital whiteboards and presentation equipment. New printing services for students, streamlined blog capabilities for students, increased videoconferencing capabilities in classrooms.

Trading laboratory available:

Yes

COMMENTS

-Regarding tuition and fees, the University has a flat-rate tuition structure. -95% of business freshmen return to UT for their sophomore year - 93% back into the business school, 2% to other majors. We reported 93% on the survey. -Of the freshmen with a class rank, 100% are in the top 10%. We have 7% of our entering class from private or non-ranking schools, so we reported 93% on the survey.

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

71,953

Total living alumni:

65,010

Percent of alumni who gave, 2007-08 academic year:

13 %

Mean alumni gift 2007-08:

$ 1,889

Median alumni gift, 2007-08:

$ 250

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: Bill Johnson
Title: President & CEO, Heinz
Name: Gary Kelly
Title: CEO/Vice Chairman, Southwest Airlines
Name: Jim Mulva
Title: Chairman and CEO, ConocoPhillips

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

43 %

Seeking full-time employment in business: 91 %
Not Seeking full-time employment in business: 9 %

Number of companies recruiting undergraduate students on campus in previous academic year:

470

Companies that posted full-time job offers/positions on school job boards, previous academic year:

2,635

Other activities and services provided for business majors:

BBA Women's Council, First Generation Career Program, McCombs Diversity Council, Mock Interviews, Career Expo, Employer/Industry Panels, Financial Modeling Prep Classes, Case Interviewing Prep Classes, Required 1 credit hour BA101 Class (Career Strategies Course), Global Job Fair, Etiquette Dinners, Peer Career Advisors,Resume Workshops, Advisor/Peer Career Advisor walk-in hours and one-on-one career advising

Job offer results, 2008 graduates:

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

Top hiring firms:

Deloitte Touche Tomatsu
JPMorgan Chase & Co.
PricewaterhouseCoopers
KPMG LLP
Ernst & Young
Microsoft
Goldman Sachs Group
Exxon Mobil Corp.
Dell
Merrill Lynch
Chevron Corp.
General Mills
General Electric
Mercer Consulting
ConocoPhillips

Bearing Point
Protiviti
Accenture
Caterpillar
Shell Oil Company
Hewlett Packard
BP
UBS Financial Services
Wachovia Securities
Wells Fargo
Navigant Consulting

Graduate compensation:

Mean base salary: $ 55,206
Median base salary: $ 55,000
Mean signing bonus: $ 5,762
Median signing bonus: $ 5,000
Mean other guaranteed compensation: $ 4,225
Median other guaranteed compensation: $ 3,000

Grads accepted jobs in following functional areas:

Consulting: 15 %
Finance/Accounting: 54 %
General Management: 3 %
Human Resources: 0 %
Management Information Systems: 12 %
Marketing/Sales: 10 %
Operations/Production: 1 %
Logistics/Transportation: 1 %
Other: 4 %

Grads accepted jobs in following industries:

Accounting: 9 %
Consumer Products/Retail: 5 %
Consulting Services: 22 %
Financial Services: 35 %
Government/Education: 1 %
Pharma/Biotech/Health: 0 %
Manufacturing: 1 %
Media/Entertainment: 1 %
Petroleum/Energy: 10 %
Real Estate: 1 %
Sports/Leisure: 0 %
Technology/Science: 10 %
Non-Profit: 1 %
Transportation: 4 %
Utilities: 0 %
Other: 0 %

Percentage of job acceptances, US and Canada:

US: 100 %

Grads accepted jobs in the following US regions:

Northeast: 8 %
Mid-Atlantic: 3 %
Midwest: 7 %
South: 3 %
Southwest: 72 %
West: 7 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

280

Internship postings on job boards, previous academic year:

1417

Top internship recruiters, 2007-08:

Goldman Sachs Group
General Motors
Merrill Lynch
Target Corp.
Ernst & Young
Procter & Gamble
ConocoPhillips
Lehman Bros.
Chevron Corp.
KPMG LLP
Mercer Consulting
Deloitte Touche Tomatsu
UBS
Microsoft
Exxon Mobil Corp.

National Instruments
Bearing Point
Protiviti
Lockheed Martin
El Paso Corporation
Shell
Alvarez & Marsal
USAA
Austin Capital Management
Toyota
PriceWaterhouseCoopers

Percentage of internships that were paid, previous academic year

22 %

Mean internship compensation per week:

$ 2,766

Median internship compensation per week:

$ 2,600

Average internship, in weeks:

Graduate Comments

As an out-of-state student, the McCombs School of Business has provided me a home away from home. Every aspect of the McCombs School of Business has surpassed my expectations and prepared me for the real world job market.

McCombs offers us real-world examples where we can actually see why what we are learning is important. They do not just give us a textbook and expect us to learn it ourselves. We are guided and challenged by intellectual professionals to step out of the box and find solutions to problems others cannot. What starts here really does change the world.

I didn't realize how well the McCombs school had prepared me until I started my internship. I was able to cope with fast deadlines and prioritize short and long term projects quickly. Course material was constantly relevant to my projects and I was even able to share some class insights with my co-workers to assist with projects. Presentations in front of co-workers were a snap because of the numerous presentations My business writing skills have been praised by my supervisors. Also, the career search preparation skills I've learned at McCombs are second to none. I was offered my dream internship because of the suggestions from my career advisor and skills I learned at McCombs.

I was accepted to both Wharton and BHP. Everyone told me to go to Wharton because of the name brand. I decided to come to BHP because I knew I would be most successful where I was happiest. The types of students I've encountered at UT are just as competitive and far more personable than students I met at other campuses. Specifically, I felt like I could make lasting friendships with highly motivated and successful people � more so than at a campus like Wharton. Since I've been here, not only do I have no regrets about my college decision, I would also argue that BHP is just as good at placing people in jobs as Wharton, which pretty much cancels out the competitive advantage I perceived Wharton having over BHP in the first place. I love BHP, I love McCombs, and I love UT.

Being one of the largest and highest ranked business schools in the country, McCombs attracts recruiters from top firms across all industries. There is a tremendous focus placed on career preparation and landing a job or internship from the moment you get here. Despite its size, there are several ways to decrease its scale through student organizations, honors classes and various events hosted by the school.

We have an extremely unique program that involves bringing recruiters to the students. All we have to do is drop our resume online and we are chosen for interviews. There is no business school like McCombs, and no other business school offers the resources that our school does.

Many student organizations to get involved with. Tons of events sponsored by the business school and companies. It would be tough to find a night when their isn�t some kind of event going on at the b-school.

The fact that it's based in Austin means not only that we have some of the greatest social atmosphere anywhere, but also that we have access to some of the best developing businesses anywhere. Businesses are relocating to Texas often and we've even been considered the third coast for technology. Also, the McCombs school is very much built around getting their graduates into the best job positions. During the first year, students are taught recruiting skills, given resume critiques, and given a preview of most genres of employment. Even if a company isn't recruiting at McCombs, the advisers often will be able to show you how to get an interview with that company and connect you with a current student or alumni who works there.

While there are a lot of resources to help students find jobs, recruiting is extremely competitive at McCombs because there are only so many companies that can come to campus (especially this year with the job market looking dismal) and there are so many of us looking for employment. Also, while there are out of state opportunities, there are significantly more opportunities to find good employment in the state of Texas. If a student is interested in leaving Texas post-graduation, like myself, it is significantly harder to conduct employment searches with the school's resources. Lastly, while I enjoy the curriculum I am taught from an academic perspective, I feel like in no way has my curriculum really prepared me for my first job out of school. Going into this year, I had no idea what options were really even available for me post graduation as far as career choices. I wish some of this information was made available to us in the formative first few years of our college experience so I wouldn't be here, trying to figure out now what kinds of jobs match my skill set.

The school trains us to excel within the workplace by connecting theories to real-world cases, focusing heavily on teamwork and leadership skills, and training everyone to communicate concisely and effectively within business environments. Within all of my internships and interviews, I have felt that I have had a distinct advantage over candidates from other schools due to McCombs�s special training within these areas. In addition, the recruiting, advising, and teaching staff is top-notch and gave me the instant corporate network I needed to land the one job I wanted most.

An education that is comparable to an ivy league but a much better price. Lots of diversity and wonderful facilities.

The only drawback to education at Mccombs is that they make every effort to turn out cookie-cutter business students in suits, all with perfectly identical resumes and cover letters, and don't stress individuality nearly enough.

Not only does UT have job placement services, but McCombs has its own system that supersedes all other colleges on campus. Our facilities are unmatched, which is pleasing for recruiters. We have services dedicated solely to interview prep (i.e. resume review, cover letter review, mock interviews). And we have very high quality students, so the hardest part of getting a job is competing with and differentiating from other well qualified applicants.

I'm very happy with my experience with the business school. A few down sides of McCombs include the extreme focus on finance and accounting (too many companies for those majors and too little for marketing, international business, etc.), the competitiveness, and the slight elitism. Other than that, McCombs is great!

The amount of students who have a quality work-life balance, not just a bunch of "pencil pushers" who do homework/research all of the time. Almost everyone I know in the business school is involved in fraternities or sororities or other outside social groups to help them achieve this balance.