Category: Full-Time MBA (page 1 of 15)

Full-Time MBA Scholarships & Financial Aid

This Insider info comes from our Full-Time MBA Admissions Team.

We understand that pursuing your MBA at a top school is a big investment in your future. Our Full-Time MBA is proud to have been named Best Value among Top 20 MBA Programs by U.S. News two years in a row. Our affordability among premier business schools is due, in part, to the relatively lower cost of living in Austin for two years compared to other cities. And Austin has been named the number one place to live three years in a row!

To make your MBA future even more attainable, the Texas McCombs MBA provides financial assistance to many students to help cover the cost of education. The most common financial assistance comes in the form of student loans, but other options may help fund your MBA. We invite you to review the options below to help you navigate your MBA application process.

Recruiting Scholarships

62% of full-time MBA admitted students receiving scholarship offers in 2019.

Texas McCombs does offer some recruiting scholarships, including cash awards and out-of-state tuition waivers. All applicants are automatically considered for recruiting scholarships during the admissions review process. Recruiting scholarships are offered to domestic and international candidates who demonstrate a superior record of academic merit and professional accomplishments.

Texas McCombs designates the first round Application Deadline as the priority deadline for scholarships and fellowships.

The MBA Program’s scholarship funding varies from year to year, thus the percentage of students who receive scholarships will also vary from year to year.  This past admissions cycle, 62% of admitted Texas McCombs MBA students received scholarship offers, and those who accepted merit-based recruiting scholarships received awards ranging from $5,000 to full tuition.

For International candidates, 66% of admitted students received scholarship offers.

In tandem with our recruiting scholarships, McCombs partners with Bay Area for McCombs, Consortium for Graduate Study in Management, Forté Foundation, and Reaching Out MBA to allocate selective scholarship and Fellowship designations to top admitted candidates.

2nd Year Student Scholarships

At the end of the first year, students are invited to apply for 2nd Year MBA Scholarships. These awards, given by the McCombs School of Business through the generous support of individual donors and corporate supporters, typically range anywhere from $1,000-$5,000. The 2nd Year Scholarship awards are given based on academic performance, leadership and involvement during their first year in the program, as well as financial need.

Institutional Scholarships

The UT Austin Office of Financial Aid administers institutional endowed scholarships for continuing students that first year MBAs may qualify for, beginning in November of your first year. You may be eligible to apply, but please review the specific criteria and application procedures carefully and reach out to McCombs Financial Aid with any questions.

Federal Loans

Many students are eligible for federal student loans and in some cases, grants. To determine your eligibility you must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA for the 2019-2020 school year will be available October 1, and Texas has a priority deadline of January 15. At the latest, it is recommended that you have your FAFSA completed by June 1. Students who are eligible to complete the FAFSA are U.S. Citizens, Permanent Residents and other eligible non-citizens. Please watch this two-minute video for help with the financial aid application process.

Private Education Loans

Private/alternative loans are not offered by federal or state governments. As a result, the terms of the loan will vary from lender to lender. If pursuing a private loan, check with your lender about the length of time your application will remain valid to ensure your approval won’t expire before you actually start the program.

The Texas McCombs MBA Financial Aid team cannot recommend any private loans, but will work with all banks and lending institutions once you’ve been approved.

Loans for International Students

For international students, there may be private loan options, with or without a U.S. citizen or permanent resident co-signer. (Note: We, as The University of Texas at Austin, cannot be your co-signer, nor can we recommend any specific lenders.) The student-run International MBA Student Association (IMBASA) is a good resource for information about pursuing an MBA as an international student. You are encouraged to reach out to IMBASA with any questions.


Most students finance their MBA education using multiple sources— a combination of personal savings and loans and, in some cases, scholarship funding. Before you apply to business school, do research on how to finance your education and let us know if you have any questions.

The Top 5 MBA Admissions Questions

If you have reviewed the Texas McCombs MBA application process, you are familiar with the basic steps to applying. Here are some of the steps we’ve highlighted on this blog:

Of course, the above list does not cover everything. Each application is unique, and you may have a special situation or questions specific to your career goals or background. Our MBA Admissions team has put together our Top 5 Most Frequently Asked Questions below.

Who has Texas residency status?

Everyone who applies to the Texas McCombs MBA is classified as a non-resident until they are admitted, accept the offer, and complete a Texas Residency questionnaire. So even though your status may look incorrect to start, if you’re a Texas resident, you’ll have a chance to prove it later on in the process.

How do I submit transcripts?

We get all sorts of questions on transcripts– foreign language transcripts, study abroad transcripts, old paper transcripts, and electronic transcripts. Here’s a breakdown of the steps for transcripts:

  • Order official transcripts from any university or college you attended EXCEPT junior or technical colleges. Have the transcripts sent to you directly. If your transcripts are in a foreign language, they must also be accompanied by an official English translation.
  • Scan and upload all transcripts to your McCombs Application online.
  • Pay your Application Fee. (see #5 below)
  • Scan and upload transcripts to the Graduate and International Admissions Center (GIAC).
  • Store your official transcripts safely. If you’re offered admission and intend to enroll, you’ll then send your official transcripts to GIAC.

Are letters of recommendation required?

We require one professional letter of recommendation from a person who has supervised your work and/or has assessed your performance during your career. We cannot accept additional letters of recommendation. Letters of recommendation are received directly from the recommender via a secure portal in your application. While completing your application, you will be able to send your recommender an invitation to access this secure portal to submit their recommendation. Once your letter of recommendation is received, you will be notified via automated email.

A few helpful hints:

  • Complete this part of your application first. This will launch email notifications to your recommenders and allow them to get started on the form while you’re working on the other components of your application.
  • Contact your recommenders ASAP to let them know they should receive an email to avoid them ending up in someone’s junk/spam email folder since they come from a generic Texas MBA email address.
  • Monitor the status of your recommendations in the McCombs application portal to ensure they’re completed within a reasonable amount of time, and by the deadline. You can resend notifications from within the portal as needed.

How long do I have to submit my test scores?

As long as you’ve taken a test and have made the request to have your official scores sent to UT Austin by the round deadline, your application will be considered “on time.” During the admissions process, we sync what you reported in the application with what’s received by UT Austin. It can take several weeks for your official score to be received by the university, and your application marks this item complete once it arrives.

If you’ve decided to retake the exam after you’ve submitted your application, please notify the appropriate program as soon as you have your score. Please note there is no guarantee that your updated test score(s) will be considered in the evaluation of your candidacy, as this depends on when the McCombs Admissions Committee receives the update from you. Again, it’ll take several weeks for the official score to reach UT Austin, but be sure you’ve made the request to have the updated score sent.

If you’re applying to multiple programs at McCombs, you don’t need to send separate scores to each program. UT Austin has a central repository for official scores that all departments can access.

When do I pay the application fee?

You will not be able to pay the application fee for about two business days after you hit the submit button, depending on when you submit your application. Your application is considered “on time” if submitted by the deadline, regardless if the fee is paid on that date. However, your application will not be evaluated if you do not pay the fee once it’s due.

Please be sure to complete the following steps AFTER you hit the submit button on the application:

  • Within two business days of submission of your application you will receive an email with instructions for how to log into your GIAC MyStatus Page. Log into your GIAC MyStatus page to pay the $200 application fee. Your application fee status should reflect “Paid” in the McCombs application portal within five business days of submission.
  • Upload Transcripts to GIAC after you have paid the fee. Note: Former University of Texas at Austin students will pay a transcript fee in lieu of uploading UT Austin transcripts to GIAC.

We encourage you to carefully review all the MBA application components in detail as you complete your application. And if you have additional questions, please reach out to us.

Hook ’em!

These tips were originally posted on Sept. 18, 2017 and have been updated for this application cycle.

Community Spotlight: Texas McCombs MBA Women

Texas McCombs has had the privilege of partnering with the non-profit organization  The Forté Foundation to provide access to education, opportunities, and a supportive network to empower women in business education and management leadership since 2001.

Forté is committed to “changing the balance of power in the workplace” and strives to provide women with the resources they need to become leaders in business. The foundation has awarded $180 million in fellowships and has helped nearly 8,000 women earn and pursue their MBA.

Forté also provides advice and resources on their Business 360° Blog, hosts women-lead webinars and connects students and working-professional women all year around.

McCombs continues to be an active partner by participating in Forté events across the country and hosts women-focused conferences and events every year. We also attend their annual conference every year. This event brings together women from across the nation for a weekend of professional development and networking with top industry leaders, employers, and peers. This year’s conference was held in Chicago in July.

Firsthand Experience: Being a Forté MBA

Elpidia Gamez, MBA Class of 2021

Elpidia Ellie Gamez, new MBA and Forté Fellow, said she chose to attend McCombs for the collaborative community and plans to pursue a healthcare concentration. She appreciated that McCombs gives her the opportunity to work with the globally-recognized Dell Medical School and the College of Pharmacy on pharmaceutical innovation and commercialization.

“I can continue to develop and improve my leadership skills through McCombs’ unique MBA+ Leadership Program and participating in student-led organizations, such as GWiB and MBA Healthcare Association,” says Elpidia. “Also, Austin is not only a cool city with great eats and a fun social scene, but also a center for innovation and budding technology.”

McCombs hosted a pre-conference dinner for our Forté fellows at Giordano’s for a taste of famous Chicago deep dish pizza. This gave our fellows the chance to meet and talk about their post-MBA ambitions and goals. The conference kicked off with keynotes and discussions from business leaders. The fellows then had breakout sessions and panels based on their career and industry interests.  Forté also held a Career Expo and Networking Reception where the fellows met with representatives from Forté corporate sponsors who were ready to provide opportunities, advice, and insight.

“It was really great to see so many companies demonstrating their commitment to diversity and inclusion and advancing women in leadership with their participation throughout the day and then at the career expo. The room was abuzz with excitement to meet and speak with potential employers so I’m very grateful to our Career Services team who helped us prepare our pitches and for the engagements we had throughout the conference,” says Elpidia.

A panel of women leaders at The 2019 Forté MBA Leadership Conference in Chicago.

The second day of the conference kicked off with discussions from industry-leading women from Chevron, Google, Liberty Mutual, and Walmart. Forté then hosted career development breakout sessions like, “Leveraging Men as Mentors & Sponsors,” “Classroom Communication Strategies,” and “Set Yourself Apart with Personal Branding.” The fellows also got the chance to vote on Power Pitch Presentations where women-led teams pitch a business plan to panel of judges for feedback and chance to win seed money to continue their business idea during or after business school.

“I thought it was incredibly brave and empowering to see these ladies present their business plan with so much passion and polish to a room full of strangers who were all there to support with cheers and applause,” says Elpidia. The day wrapped up with the Edi Hunt Award and a conversation featuring Jessica Bennett, author of the Feminist Fight Club.

In conclusion, Elpidia expresses one of the best takeaways from the conference:

“I left Chicago inspired and better prepared to further the progress driven by the women who came before me who are now industry leaders both on-campus and in my future workplace.”

Elpidia with her power word “victorious” at the 2019 Forté MBA Leadership Conference in Chicago.

McCombs Graduate Women in Business (GWiB)

The McCombs chapter of the National Graduate Women in Business organization (GWiB) hosts an annual Women in Business Leadership Conference which brings together students, alumni, faculty, and influential businesswomen to address issues and challenges that affect women in today’s business environment.

GWiB also sponsors a professional development series, meets with prospective students, offers a mentoring program, hosts social outings, and organizes an annual boat cruise across Lake Austin. The org also spotlights it’s members on their Instagram page to highlight goals and achievements.

View this post on Instagram

Every week, we feature a woman from our community. Our #wcw this week is second-year Manasa Murthy! #whymccombs Name: Manasa Murthy Hometown: Diamond Bar, CA Past Work Experience: Critical Care Clinical Pharmacist (Ascension Health) Future Career Goals: After graduation I will be working at HEB as their Director of Health & Wellness. Our goal is to improve the health of Texans through food and innovative services. McCombs organizations and leadership positions: Past Co-President: Health Innovation Fellows, Past Co- VP Events: GWIB, Past VP: Indian Graduate Business Association, Past Board Fellow: Half Helen Foundation, Past Co-Women’s Weekend Chair, MAC Member Who is YOUR #wcw and why? I have many #wcw at McCombs but if I had to pick one it would be Lily Trieu. Lily  is always the first in a group to make others feel welcome and included. She is passionate about education and diversity and goes above and beyond to make meaningful change. I respect Lily for always standing up for what she believes in and know she will do amazing things in the future.

A post shared by GWiB at McCombs (@gwibmccombs) on

Discover McCombs: Women’s Weekend

In addition to conferences and meetups, Texas McCombs encourages all women MBAs interested in the program to attend our annual Discover McCombs: Women’s Weekend held each fall. Students get the opportunity to tour the beautiful UT Austin campus and Rowling Hall, plus engage with our community through panels, events, and sessions on program resources.

Last year’s Women’s Weekend welcomed 56 MBAs and kicked off at the Kendra Scott Home Office! The attendees also helped FloCode put together 315 Flo Packs for women in need and participated in Google’s #IAmRemarkable workshop. It was truly an amazing event.

McCombs also hosts diversity and inclusion conferences and workshops such as Elevate and Diversity Weekend.


If you’d like to connect with Elpidia about her experience with Forté, the MBA application process, or her background, reach out to her.

We will be highlighting more students and events throughout the year so be sure to subscribe to our blog. If you would like more information about the Texas McCombs MBA program, we encourage you to attend an MBA event—class visits, campus tours, or info sessions on-campus.

Contact our MBA admissions committee with any questions you have. Hook ’em!

Texas McCombs Community: Pride 2019

Last week, Austin held its annual Stonewall Riots Rally at the Texas Capitol to raise awareness about violence against the LGBTQ+ community and to celebrate Pride in a safe space. This year is the 50th Anniversary of the historic Stonewall Riots in 1969 where members of the LGBTQ+ community fought against a police raid on June 28 at the Stonewall Inn in the Greenwich Village neighborhood of New York. A year later, the very first Gay Pride Parades in America took place in New York, California, and Illinois. Since then, cities all over the country host Pride marches and celebrations to highlight LGBTQ+ identities and allies in the community during the month of June.

Photo of rainbow pride flag in front of the Texas state capitol

Photo Courtesy of Austin Pride Facebook

Austin has many Pride Month celebrations around town in June but for various reasons, its official Pride festival and parade is held in August– this also gives the UT Austin student population, a very active part of the LGBTQ+ community, the opportunity to volunteer and participate. The MBA program is celebrating Pride Month by recognizing the impact, courage, and achievements of our students that are part of the LGBTQ+ community.

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After Admission: Deciding Your MBA Offer

Making it through the MBA application process to receive an offer of admission from Texas McCombs is a big accomplishment! But it is not the end of your MBA admissions journey– the decision process goes both ways and you must accept your offer of admission to be enrolled in the next class. As a driven and competitive MBA candidate,  you may be deciding between offers at multiple business schools. Everyone’s individual decision is different, but a few common themes always come up when we ask our students, “Why McCombs?”

The People

Texas McCombs MBA Consortium Students at Rowling Hall, fall 2018Our MBA culture is famously welcoming and our students come from diverse backgrounds that make our community dynamic and inspiring. It has been said that McCombs MBAs are relentlessly driven, yet they are the first to jump in and encourage and support each other to excel. We call this collaboratively competitive. Connect with our community at an MBA event soon to see for yourself what sets us apart.

The Location

Austin, Texas tops rankings for quality of life, growth and innovation year after year. At the center of this thriving city is Texas McCombs— and even though our MBA program is relatively smaller to allow for a more immersive, tight-knit experience, the wider UT Austin network is one of the largest in the world: 500,000 UT Alumni, 100,000 McCombs Alumni and 25,000 MBA Alumni.

Exterior and interior shots of Robert B. Rowling Hall: building sign, exterior evening shot with windows lit, interior student gathering area and a classroom with class going on

This past year the MBA program moved into a brand-new, world-class facility. Robert B. Rowling Hall sits at the intersection of The University of Texas and the Austin business community and is a launch pad for the future. Open, transparent and flexibly designed, the building creates the physical space for you to engage, collaborate and learn experientially. Our dedication to excellence plus our innovative new space has made us a Top Ten Business School to Watch in 2019 at Poets and Quants!

The Focus on the Future

Texas McCombs School of Business celebrates the grand opening of Robert B. Rowling Hall on February 22, 2018. Photo by Lauren Gerson DeLeon.Texas McCombs is human-centered and future-focused, meaning we have our eye on what’s coming next in business– from the exciting research coming out of McCombs every day to the many rankings where we have moved up in the past year. We strive to be a top business school, giving our students the best possible experience. Most recently, we jumped up five spots in Financial Times’ Global ranking of Business Schools.


Student Spotlight: From UT Austin Undergrad to Texas McCombs MBA

MBA 2019, Lily Trieu

MBA 2019, Lily Trieu

MBA 2019, Lily Trieu,  graduated from UT Austin in 2008 with a BBA degree from McCombs. She came into the MBA program with goals of focusing on Public and Governmental Affairs and Nonprofit Studies. We recently reached out to her for perspective on why she chose to come back to McCombs for grad school as one of our “double Longhorns.”

As a UT Austin undergrad, how did you approach researching Business Schools? What were you looking for in a graduate degree?

As I researched graduate programs, I looked for business schools that provided expertise in innovative areas like technology and entrepreneurship – not only in their academic program but in the access students would have in the community. Not only did I want the opportunity to learn from some of the best professors in the world, I wanted the chance to apply those learnings with practitioners who were living it. I also looked for programs that would allow me to access university courses outside of the business school in areas such as policy, law and other disciplines. While an outstanding business school was important, so was the ability to grow my expertise in other areas. Having attended UT Austin as an undergrad, I knew how important it was to have access to a wide range of quality academics and subject matters.

Why did you choose Texas McCombs over other MBA programs?

Ultimately, the decision to return to McCombs was driven by culture. After meeting students and alumni of other programs, it really affirmed that there is no alumni network like UT Austin and no culture more driven by collaboration and innovation like McCombs. Beyond that, I was really drawn to the amazing opportunities available in Austin. With one of the largest economies and amazing growth rates, Texas creates many opportunities for those who are interested in being at the forefront of business. Although I spent time as an undergraduate student in Austin, the pace of change in this city is amazing and it feels like I’m rediscovering it every day.


Visit Texas McCombs MBA to find out more about all our programs, events and community, or join the #WhyMcCombs conversation on Twitter. Hook ’em!

 

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