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Full-Time MBA Scholarships & Financial Aid

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 consistently been named a Best Value among Top 20 MBA programs by U.S. News & World Report. Austin has also been named one of the best places to live and work in the U.S. and rated in the Top-5 Best Places to Live by U.S. News & World Report for 5 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

graphic that reads 63% of the Full-Time MBA Class of 2023 received scholarship offers

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, 63% of enrolled 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, 70% of enrolled 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 2021-2022 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.

Visit Texas McCombs MBA to find out more about all our programs, submitting your application, and upcoming events. Hook ’em!

How to Highlight Your Work Experience

This MBA Insider content comes from Sharon Barrett, Director of Working Professional & Executive MBA Admissions.

When evaluating your application, our MBA Admissions Committee aims for a complete picture of your qualifications and fit with the program. It’s all about perspective. We look  at your application as if we are holding a scale, balancing all the parts.

When considering the specific experience on your resume, on one side there’s a raw number of years (Quantity), and on the other is your job experience (Quality).

Quantity

Say that you are the CEO of a mid-size corporation. Wonderful!  Oh, you just started in this position? That’s an amazing accomplishment, but perhaps you’d still admit that your knowledge and expertise in such a new position wouldn’t be as developed as someone who’s been doing it for a few years.

Or maybe you have been in the same job for 10 years.  Wow!  No doubt you are a go-to person when it comes to that role, but could it mean that perhaps you didn’t take as much initiative or demonstrate the leadership qualities required to launch you to the next level? Or perhaps you have only had a project manager role for a year, but in that time you’ve produced measurable results and demonstrated leadership.  In these cases, the quality of your work experience matters more.

Quality

A general job title like “Project Manager” may seem lackluster, but could actually be pretty exciting.  Don’t let us make assumptions. Take every opportunity on your application to illustrate just WHAT about your job made your experience rich and rewarding.

On the flip side, a Chief Operating Office title sounds impressive, but what kind of company did you work for and how extensive were your duties?  An impressive title with naught to back it up won’t move the needle in your favor when it comes to work experience.

The take-away on work experience:  Years, titles, and accomplishments are not, by themselves deciding factors. To help you provide us with a clear picture, here are our top tips for highlighting the quality and quantity of your work experience on your resume:

Blue graphic that reads 7 Tips for a Better Resume

  1. Tailor Content – You may have heard the adage that your resume should be tailored to your audience, which is true. But customizing your resume may simply entail reordering or swapping out bullet points. Remember, a resume is a summary of your relevant experience, not necessarily all of it.
  2. Emphasize Results – We don’t just want a summary. We want to know whether you generated results from your work.  If the person replacing you could copy and paste your resume bullet points into their resume, that’s probably a sign your bullet points need to better emphasize your individual contributions in the role.
  3. Avoid Redundancy – Think of each line on your resume as a valuable piece of real estate. Consider the incremental value that each line on your resume provides for you as a candidate. If you have performed the same task in multiple roles, is it necessary to list that same task more than once on your resume? Likely not.
  4. Show Balance – We want to see a “balanced” candidate – someone who has been strong in the classroom and in the workplace while participating in extracurricular activities and having unique interests outside of work. Consider creating an “Additional” section to detail your activities and interests for use as a potential conversation starter.
  5. Utilize White Space – Great resume content can only be great if a reader can easily access it. That’s where resume readability comes into play. Don’t forget to use your white space effectively. A resume is not about cramming as much you can onto the page. Rather, give your content some space to breathe.
  6. Enlist Proofreaders– Perhaps the most important element of a resume is that it is free of errors. A single spelling, grammatical, or formatting error can hurt even the most impressive resume. Have multiple individuals proofread your resume.
  7. Convey Personal Brand – What do you think of when you think of great global brands like Apple, Nike, or Google? What words come to mind? Now, when we read your resume, what words do you want to come to mind about you? Have a peer give your resume a 30-second review and see if the words you want to pop for a reader, actually do.

Remember, your resume is important, but it’s only one data point for you as a candidate. Years of work experience give only one sense of you as a candidate, so use your resume to make the quality of those years really stand out.


Visit Texas McCombs MBA to find out more about all our programs, submitting your application, and upcoming events. Hook ’em!

Celebrating Pride with eQual MBAs at McCombs

Happy Pride Month! This June we are celebrating members of our LGBTQIA+ MBA community and talking to Full-Time MBA student Lindsey Scheinthal, co-president of eQual MBAs, about pronouns, allyship, and living authentically.

eQual MBAs at McCombs is a social and career networking student organization made up of members, friends, and supporters of the LGBTQ+ community. They are dedicated to promoting diversity and inclusion within the Texas McCombs community.

Members of eQUAL on a zoom meeting

Members of eQUAL pose for a picture during a Zoom meeting.

Representation and Allyship 

eQual focuses a lot on educating people on pronoun usage and allyship by hosting workshops throughout the year to create a more inclusive environment. Since moving into the virtual space, members of eQual have advocated for adding pronouns to Zoom names. Even if you are cisgender (meaning you identify as the gender assigned at birth), adding pronouns to your bios, zoom names, or email signatures signifies that you are an ally and makes others feel included.

“For me, representation is everything. I believe it saves lives and makes people know that they are not alone.” says Lindsey. “I think that’s really important for all of us because when you have more representation you’re able to implement everything else a little bit easier.”

Inclusion and acceptance from others means a lot to Lindsey. She says she sometimes wonders if people know she’s gay and would accept her if they knew.

“My favorite thing is seeing people wear the eQual t-shirt with the rainbow longhorn,” says Lindsey. “You know, we just make assumptions about people…[you think] that person might not like me because I’m gay, and I’m nervous to say something. But then I go to class the next day and they’re rocking the eQual t-shirt, and how great of a feeling that is to see them wearing it.”

There is no way to be a perfect ally, Lindsay says. To her, it’s someone who is asking questions and is pushing themselves to continuously learn and be better.

“Everyone has a different idea of what an ally looks like, and I think it’s difficult to be the perfect ally. But I think as long as you’re trying to be better and listen and change and really hear the person next to you and where they’re coming from, that’s all we can ask for,” says Lindsey.

“I try to do my best to educate people. I really believe in representation. I try to continue to educate myself, because everything is constantly evolving.”

Living Authentically

While the LGBTQIA+ community at McCombs is a small group, Lindsey likes to think of eQual as small but mighty and hopes to encourage more LGBTQIA+ members to apply to business school.

Members of eQUAL pose in a rooftop swimming pool in downtown Austin.

Members of eQUAL pose in a rooftop swimming pool in downtown Austin.

black and white photo of Lindsey holding a rainbow pride flag that is in color.

Lindsey has been out since she was 17 and says it hasn’t always been easy. She has dealt with micro-aggressions, stereotypes, and mistreatment from others. To overcome this she lives by Michelle Obama’s famous words: “When they go low, we go high.”

“It hasn’t been easy but it’s their loss. I know I’m a great friend, I’m a great employee, and if [someone] is choosing not to be nice to me because of this one little aspect of my life, then it’s their loss,” she says.

“Life is too short, I’m just trying to enjoy every moment and like just being myself,” says Lindsey. “I don’t want to hide who I am ever.”

Pride Celebrations in Austin

At Texas McCombs, we strive to create a supportive community by partnering with Reaching Out MBA (ROMBA), a nonprofit organization that focuses on empowering LGBTQIA+ business students. In 2014 McCombs became one of the inaugural school partners of the ROMBA fellowship, which grants LGBTQ+ MBA Fellows with a minimum $20,000 scholarship and access to leadership programming. ROMBA also hosts events and an annual conference to educate and connect LGBTQIA+ business students through C-suite panels, workshops, competitions, receptions, and career fairs. This year the conference, which is the world’s largest gathering of LBGTQIA+ business students and alumni, will take place in Austin in October.  

Austin has many Pride Month celebrations around town in June but its official Pride festival and parade is held in August– this also gives the UT Austin student population, a very active part of the LGBTQIA+ community, the opportunity to volunteer and participate.


To connect with eQual MBAs, you can follow them on Instagram @equalmbs or email Sally and Lindsey at equalmbas@mccombs.utexas.edu.

Full-Time MBA Application Deadlines, New Testing Options, and Essay Topics

This post comes from the desk of Rodrigo Malta, the Managing Director of MBA Recruiting and Admissions at Texas McCombs. As an alumnus of the MBA program and passionate ambassador for McCombs and Austin, Rodrigo is excited to share the latest admissions updates for the 2021-2022 Full-Time MBA admissions cycle  with you below.

 

Application Deadlines

Please mark your calendar for the dates below to be prepared for the upcoming application cycle.

Round Application Deadline Decision Notification
1 October 12, 2021
(priority deadline for scholarships & fellowships)
December 16, 2021
2 January 6, 2022 March 24, 2022
3 March 29, 2022 May 5, 2022

The 2021-2022 Full-Time application will open summer 2021. To be among the first to know when the application is open, please be sure to sign up for our email announcements.

 

New Testing Options

All Full-Time MBA applicants are required to submit test scores with their application. Beginning this year, in addition to the GMAT and GRE, Texas McCombs is also accepting the Executive Assessment (EA) as a test option, as well as expired scores.

Accepted Scores:

  • A valid GMAT, GRE, or Executive Assessment (EA) exam score.
  • An expired (5 years or older) GMAT, GRE, or Executive Assessment (EA) exam score.

For details on accepted scores, school codes, and all other components of the application, please review the application process.

 

Essay Topics

Our essay topics for this application season have been confirmed. We strongly recommend planning for your essays in advance and being thoughtful about your answers. Take advantage of this opportunity to tell us about yourself and why McCombs in your own words; Review the 2021-2022 essay topics now.

 

Get to Know Rodrigo Malta

Rodrigo Malta Headshot

Rodrigo Malta, Managing Director of Texas McCombs MBA Admissions

Rodrigo was born and raised in Brazil and moved to the U.S. in high school. After earning his bachelor’s degree in management and working for a large telecom company in Kansas City, Missouri, he obtained an MBA at Texas McCombs. During his time as an MBA student, Rodrigo volunteered with the McCombs Ambassador Committee (MAC), which assists the admissions team with campus visits, interviews, and helping prospective students learn more about Texas McCombs and the application process. Rodrigo secured a marketing job at Dell post-MBA, but his passion for MBA admissions eventually led him back to his current Managing Director role, which he describes as his “dream job.”

If you have not had the chance to connect with Rodrigo or other members of the MBA Admissions team, we hope to meet you at an upcoming event.


We will be posting updates and tips throughout the admissions cycle.  If you have any questions we can help with now, please contact the MBA Admissions team.

Hook ’em!

*Update 6/17/21: A previous version of this post listed incorrect dates for “Decision Notification” and has been corrected.

2021 Working Professional and Executive MBA
Applications are Open

The Texas McCombs  Executive MBAMBA at Dallas/Fort Worth and MBA at Houston programs are accepting applications for Fall 2021 on a space-available basis. If you were unable to submit before the last deadline, this is a great opportunity to start in August as part of the Class of 2023 without waiting another year to begin your MBA.

Your McCombs Application

 

 

Note: Spots are not guaranteed. If any classes fill, the application for that program will close.

Applying Now vs. Earlier in the Cycle

In contrast to full-time MBAs, working professional MBA classes fill up later in the cycle. Your chance for admission is the same now as if you had applied in earlier rounds. And there are many reasons to consider starting your MBA this fall:

  • An MBA will provide you with the leadership and business skills to help with post-COVID organizational change.
  • You’ll gain a supportive network of classmates, alumni, faculty, and staff– there are over 100,000 McCombs alumni around the world.
  • Texas McCombs provides unmatched career support for working professional students.
  • All applicants submitting for Fall 2021 before the application closes will receive an application fee waiver worth a $200 USD value.

Testing and Scores

All applicants should note that our testing options have changed for this cycle

UPDATE 6/22/21 – TEST WAIVER FOR DALLAS/FORT WORTH AND HOUSTON MBA APPLICANTS:

General Test Waiver: Although submitting a strong test score is always advised, Dallas/Fort Worth and Houston MBA applicants may submit a petition to waive the test score by using the Optional Essay within the application to share the reasons for considering your application without a score. (i.e. strong undergrad/graduate GPA, certifications, extensive work experience) Waiver petitions are considered along with the rest of your application components and reviewed holistically. The MBA Admissions Committee will view each applicants’ petition in the context of their entire application and render a decision based on the application as a whole, versus a separate decision on just the waiver.

Ready to Apply?

The best time to apply is always when you feel you are ready to start the program and have a strong application. All applicants applying to the program must be prepared to start the program in August 2021.

If you have any questions now about starting the program, please contact us:

 

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