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Navigating MBA Funding Opportunities at Texas McCombs as a Student Veteran

February 26, 2024 / / 0 Comments

Student veterans bring a unique perspective to the MBA classroom, shaped by their exceptional leadership abilities and experiences gained during military service. Their backgrounds and strategic mindset contribute to dynamic learning environments and deeper discussions. For veterans considering their post-service career paths, pursuing an MBA can be a transformative opportunity to leverage their skills and experiences for professional growth and advancement. Here, we are dedicated to guiding Texas McCombs Military MBAs through this journey and providing the support they need to thrive. 

Why Consider an MBA as a Veteran? 

There are several compelling reasons for veterans to pursue MBAs: 

  • Complement Leadership Skills: An MBA will expand your business and management competencies to complement the exceptional leadership skills cultivated during military service. 
  • Develop Strategic & Analytical Thinking: MBA programs teach innovative approaches to dissecting problems and developing winning solutions that translate to strategic advantages in any field. 
  • Job Mobility & Acceleration: An MBA credential enhances professional advancement opportunities, whether transitioning into civilian roles or seeking to further a military career. The knowledge gained through an MBA program can lead to new opportunities and accelerate career growth.  
  • Improve Assignment & Promotion Prospects: The MBA credential demonstrates a commitment to continuous learning and personal development, positioning veterans for success in leadership roles.  

Is an MBA Worth it for Veterans? 

Pursuing an MBA provides veterans with opportunities to transition into business and civilian workplaces. An MBA clarifies career pathways and opens access to management-track positions that an operational background alone may not offer. The MBA also enables veterans to speak the language of business, boosting their value and versatility across industries and sectors. 

Can I use VA Education Benefits? 

Students admitted to VA SAA-approved programs may choose to use their VA Education Benefits. UT Austin certifies benefit requests for Post-9/11 GI Bill® (Chapter 33), Veteran Readiness and Employment (VR&E Chapter 31), Montgomery GI Bill® (Chapter 30), Survivors’ and Dependents’ Educational Assistance (Chapter 35), and Montgomery GI Bill® Selected Reserve (Chapter 1606) in accordance with VA policies. 

The following benefit types do not pay a tuition benefit but will pay a monthly stipend to eligible students: Montgomery GI Bill® (Chapter 30), Survivors’ and Dependents’ Educational Assistance (Chapter 35), and Montgomery GI Bill® Selected Reserve (Chapter 1606). 

These benefits cover eligible tuition (based on student eligibility percentage) and may pay a book stipend and Monthly Housing Allowance (MHA) stipend:  Post-9/11 GI Bill® (Chapter 33) and Veteran Readiness and Employment (VR&E Chapter 31). 

For details on how to request benefit certification visit UT’s Veteran Certification Veteran Education Benefits website.  

In addition to requesting benefit certification Evening & Executive MBA students: If you are a non–resident or have not yet been classified as a resident, contact the Residency Office (residency@austin.utexas.edu) for questions regarding VA Education Benefits Non-Resident tuition waiver or re-classification to Texas Resident for tuition purposes.

Many top-ranked MBA programs, including Texas McCombs, offer additional financial assistance through scholarships, military tuition waivers, and other funding options. Understanding and maximizing the available benefits can alleviate the financial commitment of pursuing a Texas McCombs MBA.

Monthly Housing Allowance (MHA) stipend considerations: MHA amounts are determined by the VA and vary based on enrollment status. Some months you may have full-time enrollment and full-time MHA. Other months you would have less than full-time enrollment and thus you would receive partial or no payments. It’s essential to understand how enrollment levels may impact MHA payments throughout the academic year.  

For example, if you were enrolled in 10 hours over an entire term and you completed 6 of those hours mid-term, the VA may consider you full-time for the first half of the term and pay you MHA accordingly. The VA would consider you less than full-time for the second half of the term (even though UT considers you full-time for the entire semester) and pay or not pay you accordingly.  

For more information regarding MHA, please contact UT’s Veteran Certification Team (gibill@austin.utexas.edu; (512) 475-7540). 

Out-of-Pocket/Program Waiver Details: The total program cost is itemized by three categories: tuition (generally about 80-85% of the total charges), course materials, and non-tuition fees. For students using Post-9/11 GI Bill® (Chapter 33), the Department of Veterans Affairs will cover your tuition at your percentage of eligibility.  

To supplement the VA’s Post-9/11 GI Bill® (Chapter 33) tuition contribution, our program will apply a waiver to your course materials and non-tuition fees at a matching rate. For instance, if you have 100% Post-9/11 GI Bill® (Chapter 33) eligibility, your tuition and expenses will be fully covered, with the exception of your plane ticket to your Global Academic destination, and any optional items you choose to purchase, such as MBA paraphernalia. 

Hazlewood Act Exemption and Texas Military Waiver: While the Hazlewood Act Exemption is not applicable to all programs, such as the Weekend MBA at Dallas/Fort Worth and Weekend MBA at Houston, Texas McCombs offers the Texas Military Waiver to eligible veterans, providing financial assistance toward program costs. 

Applications for the Texas Military Waiver will require a Certificate of Eligibility, a DD Form 214, and a notarized affidavit (a sample will be provided to you upon admission). Please submit all items to StudentBilling@mccombs.utexas.edu.  

Pursuing an MBA as a veteran offers a transformative opportunity to leverage military skills and experiences for professional growth and advancement. Understanding available benefits, financial assistance programs, and application procedures is crucial for veterans embarking on their MBA journey with Texas McCombs. We remain committed to supporting veterans and active-duty military personnel in achieving their academic and career goals.  

For additional assistance or inquiries,
please reach out to:   

UT Austin Veteran Certification 
gibill@austin.utexas.edu
(512) 475-7540 

 

Lanita Hidalgo 
StudentBilling@mccombs.utexas.edu  

Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.

Hook ‘Em!

Full-Time MBA Class of 2023 Career Outcomes

Texas McCombs Full-Time MBA Class of 2023 Sets New Records in Employment Outcomes

February 9, 2024 / / 0 Comments

Students in the Texas McCombs Full-Time MBA Class of 2023 accomplished remarkable success in their post-graduation employment outcomes. Among the 271 students who matriculated in the Full-Time MBA Class of 2023, an impressive 90% received job offers within three months after graduation and 89% accepted these positions, contributing to the attainment of the highest average base salary in school history – $157,735, making a significant 9% increase from the preceding year.

Click here for a detailed overview of the Texas McCombs Class of 2023 Salary Statistics.

This year’s key insights highlight the unique and exceptional achievements of our McCombs MBAs. They secured positions across a spectrum of 12 different industries, showcasing the comprehensive interests and adaptability of our students. The consulting function, in particular, saw a significant uptick, with 44% of our graduates entering full-time careers in this field.  

Moreover, 74% of acceptances were in consulting, financial services, and technology combined. Recognizing the exceptional talent in our McCombs 2023 graduates, 4 out of 5 Fortune 5 companies hired graduates for key positions within their organizations.   

Facilitating this success, the Texas McCombs Career Management and Corporate Relations (CMCR) team plays a pivotal role in preparing students for their job search. The team provides a strategic planning course, coaching appointments with school career consultants and industry experts, and career workshops, among other events and experiential learning opportunities. 80% of graduate offers were obtained through school-facilitated resources, underscoring the strength of McCombs’ career management initiatives.

Specifically, the Strategic Career Planning course equips students with skills needed to compete in various industries, combining theoretical frameworks with practical market insights gained from employer recruiting support. Delivered in year one of the MBA experience, this course aids students in building a strong career foundation. It progresses students through their Career Management Framework, helping MBAs evaluate their priorities, assess the job market, develop a personalized plan, and ultimately launch their overarching career strategy.  

90% Offers Received 3 months after graduation 89% Offers accepted 3 months after graduation

Reflecting the exceptional accomplishments of the Class of 2023, we proudly announce a historic milestone – the highest average salary in school history, reaching $157,735. Additionally, the average signing bonus stands at $32,915, marking a 6% uptick from 2022.  

$157,735 - Average Salary Reported by 177 Students, $32,915 - Average Signing Bonus reported by 140 Students

Examining job acceptances by industry reveals the wide-ranging success of our graduates. A substantial 43% of acceptances were in consulting, 16% in financial services, and 15% in technology. Noteworthy growth was observed in consumer-packaged goods (6%), energy (5%), retail (4%), and manufacturing (4%).  

Acceptances by Industry 43% Consulting, 16% Financial Services, 15% Technology, 6% Consumer-Packaged Goods, 5% Energy, 4% Retail, 4% Manufacturing

We are so thankful to the entire Texas McCombs community of faculty, staff, employers, and alumni who have played a valuable role in helping our MBAs achieve impressive outcomes. The Texas McCombs Full-Time MBA Class of 2023’s journey has been marked by outstanding achievements, industry diversification, and a continued commitment to excellence. As we reflect on these accomplishments, we look forward to witnessing the continued impact our graduates will make in various sectors.  

Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.

Hook ‘Em!

banner that reads Working Professional MBA Class of 2022 Career Outcomes

Texas McCombs Working Professional MBA Class of 2022 Career Outcomes

January 24, 2024 / / Comments Off on Texas McCombs Working Professional MBA Class of 2022 Career Outcomes

The Texas McCombs Working Professional MBA offers a leading pathway to career advancement or transition without career interruption, according to Class of 2022 employment data. Embarking on a transformative journey, students in the Evening MBA, Weekend MBA at Dallas/Fort Worth, and Weekend MBA at Houston, have not only weathered the challenges of the business landscape during the pandemic but emerged with career outcomes that underscore the program’s commitment to excellence. 

Impressive Salary Outcomes 

The financial rewards of a McCombs MBA are evident in the Class of 2022’s salary average, which falls between $140,000 – $149,000. This figure not only reflects the competitive edge our graduates hold in the job market but also reinforces the program’s return on investment.  

Graduates experienced an average base salary increase of +45%, not including bonuses, a testament to the program’s commitment to advancing the professional and financial goals of its students.  

Elevating Job Roles 

Beyond financial gains, the shift in job roles is equally remarkable. The percentage of graduates in senior or executive-level positions increased from 51% before school to 66% post-graduation. McCombs MBA alumni are not just climbing the corporate ladder; they are reshaping its summit, assuming leadership roles that drive innovation and impact.  

Top Industries of Employment  

The variation of interests within the Class of 2022 is reflected in their industry choices. Among the 140 students who reported their career outcomes, technology emerges as a dominant industry with 29%, followed closely by consulting at 24%. Manufacturing, energy, and financial services also play significant roles, comprising 10%, 10%, and 8% of outcomes, respectively. These results underscore the adaptability and applicability of a Texas McCombs MBA across various industries.  

pie chart that shows the stats above. Technology - 29% Consulting - 24% Manufacturing - 10% Energy - 10% Financial Services - 8%

Behind these outcomes stands the unwavering support of our dedicated career management team, a force recognized by our #1 ranking in Poets&Quants’ Best Career Centers (Poets&Quants, 2019). Committed to guiding each student through their unique career journey, our team employs a tailored approach that encompasses:  

  • Career Advising: Each student receives one-on-one guidance, ensuring their career strategy aligns with their aspirations.  
  • Employer Connections: Building meaningful connections is integral to success. The team facilitates networking events, career fairs, and industry-specific meetups to enhance students’ professional networks. 
  • Specialty Coaching: As part of the Texas McCombs+  program, students have access to communication and specialty coaches – seasoned experts who are ready to work with them one-on-one to refine skills in communication, leadership, strategy, organizational culture, and much more. 
  • Education & Training: Students learn how to successfully transition into a new career or accelerate their current one through our career education courses. Taught by knowledgeable professionals, and with a curriculum custom-built for working professionals, these classes cover a variety of career-related topics—from networking to interviewing to negotiating.  
  • Alumni Network: Following graduation, students join a powerful network of Longhorn alumni that expands throughout Texas and around the world.  

“Our Working Professional MBA Career Education and Coaching team provides our students with an elite and comprehensive journey to explore, prepare and connect with career opportunities that align with their goals. This experience, combined with an interactive and engaging teaching style, includes practical application and allows our students to create their own customized success upon graduation and beyond,” said Stefani Sereboff, Senior Assistant Dean, Career Management & Corporate Relations. “We are committed to creating a McCombs exceptional student experience and supporting careers for life.”

As we celebrate the achievements of the Working Professional MBA Class of 2022, we look forward to witnessing the continued impact of the McCombs MBA on future cohorts. Their success is a testament to the collaborative effort of our outstanding faculty, accessible alumni, dedicated staff, and of course, the incredible students who make the Texas McCombs MBA experience truly exceptional.  

If you have any questions about Texas McCombs, we’re here to help. Please visit our website for details on applying to each program and follow us on Instagram for an inside look into the Texas McCombs MBA. 

Good luck and Hook ’em! 

Executive MBA Immersion New York City Immersion - Fall 2023 Written by Sean Ashby, MBA ‘25.

Executive MBA NYC Immersion: Leadership and Cultural Exchange

January 4, 2024 / / Comments Off on Executive MBA NYC Immersion: Leadership and Cultural Exchange

This post is written by Sean Ashby, Executive MBA ’25. 

Every semester the Executive MBA cohort takes a trip off campus for a long weekend where students get exposure to different industries and participate in rigorous experiential learning opportunities. Last semester we went to New York City where we got to network with alumni, visit Morgan Stanley, and got an executive seminar on thinking on your feet and conveying emotion with a business-focused improv class on Broadway.

Our class arrived Wednesday afternoon, excited for the experiential learning opportunity that awaited us. We all had a family-style Italian dinner at Carmine’s. It was a sight it was to see an entire Executive MBA cohort seated upstairs enjoying some New York City Italian cuisine.

one photo of the Carmine's neon sign outside. photo two features the inside of the restaurant with students eating.

Executive MBA Students out to dinner at Carmine’s in New York City.

Bright and early the very next morning we met with the Head of Strategic Client Solutions and Co-CEO of Macquarie Capital, Miki Edelman. This intimate setting proved to be a blessing as we got to ask questions about Miki’s career and learn the details of what helped take her career to the stratosphere in her industry. Miki not only shared her challenges and successes but gave us all advice on how to make our way into the C-suite.

Laura Correnti, Partner at Giant Spoon, an ad and marketing agency, spoke to us about the importance of branding in the marketplace.

Following the intimate career discussions with two industry insiders we went to Morgan Stanley where we spent the afternoon learning about the operations of the financial giant. From AI and Crypto initiatives to investing strategies for high-net-worth individuals and families, we all got exposure to the teams making the financial world turn.

man lecturing in front of a screen in a classroom

Lecture with Morgan Stanley.

The cohort spent the evening on a rooftop bar off of Broadway meeting alumni and networking over hors d’oeuvres. Meeting alumni in the city was refreshing. We all learned of their post-Executive MBA outcomes and gained new connections.

Despite the late night, we all attended the executive seminar and improv sessions on Broadway led by Professor McDermott.  Many of us were anxious at the thought of being on a stage in front of our cohort, but the nerves quickly dissipated as we maneuvered through various exercises. The seminar that we all were once apprehensive for became a crowd favorite by the end. We all learned more about ourselves and our classmates and came away with new skills that were directly transferable to the business world.

Students performing improv at a Dunder Mifflin set.

Students preform improv on a Dunder Mifflin set.

Professor Luis Martins led us to a close on Friday and Saturday as we discussed the dynamics of power and politics in the corporate setting. As we discussed case studies and strategies to make better decisions Professor Martins instilled upon us the duty we will have as leaders to get it right for our peers and subordinates. “Design trumps management” as we have routinely discovered throughout the course.

An optional guided tour of The Met was the perfect aperitif for an immersion week steeped in leadership development, branding, decision-making, and thinking on your feet. Like the UT motto “What Happens Here Changes the World”, what happened in New York City helped mold us into future leaders and decision-making athletes for the corporate world

statue

Hook ‘em!
Sean Ashby, EMBA ’25

If you have any questions about Texas McCombs, we’re here to help. Please visit our website for details on applying to each program and follow us on Instagram for an inside look into the Texas McCombs MBA. 

Good luck and Hook ’em!  

Texas McCombs MBA '25 Class Profile

Texas McCombs MBA Class of 2025: Celebrating Growth, Unique Voices, and Accessibility

November 14, 2023 / / Comments Off on Texas McCombs MBA Class of 2025: Celebrating Growth, Unique Voices, and Accessibility

(Austin, TX) – Here, at the University of Texas at Austin McCombs School of Business, “You Are What’s Next.” The Class of 2025 exemplifies this spirit, embodying our unwavering commitment to excellence, diversity, and innovation. Their achievements are more than just stories; they form the very fabric of our vibrant Texas McCombs MBA community. These very accomplishments mold our MBA program, which includes students from the Full-Time, Working Professional, and Executive MBA programs across our campuses in Austin, Dallas, and Houston, and cement our position as a top-ranked business school.  

With this context, three pivotal highlights define the Texas McCombs MBA Class of 2025 profile:   

🏆 Increasing Demand and Growth in Class Size:

The Class of 2025 at Texas McCombs reflects the growing enthusiasm for our programs in Austin, Dallas, and Houston. Applications across the MBA portfolio surged compared to last year, reaching a total exceeding 2,300 applications, and affirming the popularity of our dynamic community and unique learning environments.

Additionally, our class size has expanded by an impressive 9%, now with 509 incoming students. This growth not only underscores our status as a top choice for business education but also confirms the thriving demand for our programs across multiple campuses.

🏆 Unique Voices and Professional Excellence:

The incoming class celebrates a significant milestone: 25% of the class (as a % of U.S. Citizens & Permanent Residents) is composed of underrepresented minority (URM) students, marking a 7%-point increase. This achievement demonstrates our commitment to diversity and inclusivity, a commitment that extends across all our Texas McCombs MBA programs.

This growth isn’t limited to URM representation alone. Women in the class have also seen a substantial increase, rising to 33% (up 4% points), while the proportion of military veterans has grown to 15% (up 3% points) of the class.The importance of these developments cannot be overstated. The unique voices brought by our students enrich our learning environment and strengthen our academic and professional community. As we continue to grow, these perspectives collectively contribute to the excellence that defines the Texas McCombs MBA experience.

🏆 Cultivating Accessibility and Impact:

Texas McCombs actively contributes to the vision of propelling the University of Texas at Austin toward becoming the world’s highest-impact public university. This year, we welcomed more first-generation students, rising to 20% of the class (up 7% points). This increase spans all five of our MBA programs, demonstrating our commitment to providing accessible and impactful education, particularly to aspiring business leaders who are the first in their families to attend college.

It’s essential to recognize the importance of cultivating accessibility to make an MBA from a prestigious school attainable for first-generation college students. This reflects our dedication to fostering a welcoming community while nurturing the future leaders of business, regardless of their background.  

Full-Time MBA Class Profile 

Applications to the Full-Time MBA program increased, attracting over 1,800 applicants for a class of 241 students. This class brings with them a blend of experiences, with an average age of 29 and a strong average GPA of 3.46. Furthermore, 35% of students identify as female, 8% as LGBTQIA+, and 26% come from international backgrounds, representing 31 countries.  

In addition, the class demonstrates strong diversity within the United States, with 35% identifying as U.S. minorities and 18% as URM. Additionally, 14% of students have U.S. military service backgrounds. This year, we welcomed 37 Consortium members, 60 Forte Fellows, and 15 dual-degree students, further enriching the diversity and breadth of experiences within our class.   

Working Professional MBA Class Profile  

Though unique on their own (see class profiles below), the Working Professional MBA programs at Texas McCombs boast a set of compelling features that collectively define their excellence. With an average age of 31 and a middle 80% range spanning 26 to 37, these programs attract a unique cohort of students, each bringing with them a wealth of professional experience. On average, these students come with 8 years of experience. Impressively, 15% of the cohort possesses military experience, enriching the class with a unique perspective.  

Academically, our working professional students maintain a high level of excellence with an average GPA of 3.36. Working Professional and Executive MBA candidates have several options when considering how to complete the standardized test requirement as we accept GMAT, GMAT Focus, GRE, Executive Assessment (EA) score, or a test waiver. The incoming class brings an average GMAT score of 654 and an average GRE at 312.   

Executive MBA Class Profile

The Executive MBA program at Texas McCombs comprises 63 accomplished individuals, with 29% female representation. The class includes people of various backgrounds, with 42% identifying as U.S. minorities and 25% as URM, while 21% have backgrounds in U.S. military services. This experienced group boasts an average of 15 years in the workforce. Although standardized test scores aren’t required, the program values various factors, including leadership experience and personal impact, evident through their average 8.5 years of management experience.  

 

Notably, 27% of the class consists of first-generation students, offering unique perspectives. The class represents 21 cities in Texas and 9 states, with a strong presence from technology, healthcare, and energy sectors, enriching the Texas McCombs MBA experience.  

The Future of Business Leadership 

The Texas McCombs MBA Class of 2025 is not merely a reflection of our program’s excellence, but an embodiment of our vision for the future. The increase in applications and class size, coupled with the growth in underrepresented minorities, women, and military veterans, showcases the program’s appeal and its role as a leader in the ever-competitive MBA landscape. At the same time, we’re proud to note that standardized test scores and GPAs remained strong, ensuring that academic excellence is a hallmark of our program. Additionally, the rise in first-generation students underscores the university’s commitment to making high-quality education accessible to all. With this class, Texas McCombs continues its journey towards becoming the world’s highest-impact public business school. It’s an exciting step toward the future where you, as a vibrant part of our community, will be what’s next in business and beyond. Your journey to excellence begins here. 

If you have any questions about Texas McCombs, we’re here to help. Please visit our website for details on applying to each program and follow us on Instagram for an inside look into the Texas McCombs MBA. 

Good luck and Hook ’em!  

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