Texas McCombs MBA Insider

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Getting to Know You Through the Video Assessment

Shortly after you submit your MBA application and your application fee is paid or waived, you will receive an invitation to complete the Texas McCombs MBA Video Assessment! All applicants have 7 days to complete the assessment upon receiving access to the video submission platform. The Video Assessment has 5 question prompts and will take approximately 20 minutes to complete. The first question will be viewed by the Admissions Committee but will not be evaluated for a score. Applicants will be allowed to practice before submitting their Video Assessment and will have no more than 90 seconds to answer each prompt.

What is the Admissions Committee looking for?

This application requirement helps the Admissions Committee better understand who you are in your own voice and allows us to assess your communication skills. Within the video assessment we are evaluating the following competencies, important for every Texas McCombs MBA student:

Adaptability / Resilience
We are looking for applicants that demonstrate adaptability and resilience through their positive mindset and ability to navigate unexpected circumstances and change. Successful applicants see failure as a learning experience and an opportunity to grow, demonstrated by their coachability and openness to feedback.

Motivation
The Admissions Committee is looking for a genuine interest in pursuing an MBA and a clear understanding of how it will help to achieve their professional goals. Applicants should understand why Texas McCombs is the right place to pursue their studies and show enthusiasm for their goals and our MBA program.

Empathy/Inclusivity
Texas McCombs MBA students demonstrate empathy by understanding others’ perspectives. The Admissions Committee is looking for candidates that advocate for under-represented voices and navigate difficult conversations/situations appropriately. Successful applicants embrace and work within diverse teams.

Ambition
The Admissions Committee is looking for candidates that demonstrate ambition and have the ability to deliver results. They show potential to strategically synthesize information to solve complex problems at a high level. They utilize an enterprising and tenacious approach to problem-solving and are intellectually curious.

Goals
A strong applicant puts significant thought and consideration into their decision-making in applying for this program. They have a long-term vision of how they plan to achieve their goals.

Well-Roundedness
We are looking for applicants that are able to explain what drives them outside of work and career. They are well-rounded and display interests and passions in their personal life. Their personality is shaped by various hobbies or interests.

Verbal Communication
The Admissions Committee is looking for candidates that are excellent verbal communicators. They are proficient and skilled in speaking and presenting in the English language, and they can articulate their thoughts clearly. Strong applicants are engaging, and they can think on their feet.

Professionalism/Poise
Strong applicants display maturity, poise, answers questions, and conduct themselves in a professional manner. They present themselves professionally and can conduct themselves appropriately in a business setting.

Tips for a Successful Video Assessment

Practice: You will have the ability to practice responding to test questions for as long as you wish. Take advantage of the opportunity! The more you practice, the more comfortable you’ll be with the technology when answering the real prompts.

Test Technology: Virtual Assessments are conducted through the Kira platform. It will require a desktop or laptop computer (no iphones/ipads) with a functioning webcam, microphone, and internet connection. We recommend connecting directly to your internet for the most reliable internet connection – and make sure you have plenty of charge on your laptop or that you are plugged in! Most browsers are compatible (Chrome, Firefox, Edge, Opera) but the platform will not work well on Safari.

Pace Yourself: A big reason that we limit responses to three minutes is because it is GREAT practice for your MBA experience. Keeping responses concise, yet clear, is important when recruiting for U.S.-based jobs. However, make sure you are answering the question in full! Those practice questions will be a great way to gauge what three minutes actually feels like when responding to a question.

Be Professional, but Loosen Up: If you still find yourself nervous, practice your answers in front of a mirror or with a friend or colleague and ask them how you did. Did you answer the question? Did you rush through it? Take a moment to outline your answer in your mind first, and then address it calmly and confidently.  Don’t get too comfortable, though. While we’re an easy-going group, maintaining an appropriate level of professionalism is always a good idea. This includes professional language and attire.

Here’s our final piece of advice: The video assessment is your official opportunity to share your story, provide examples, and tell us why you chose McCombs in your own voice like no one else can. Take advantage of this opportunity! It can be just the thing the Admissions Committee needs to understand the rest of your application elements and gives us the chance to get to know you better.

If you have any questions during the application process, 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.

banner Redesigned Evening MBA Curriculum - Reduced Program Duration, New Electives, and Expanded Networking Opportunities

Discover the Redesigned Evening MBA Program at Texas McCombs

June 15, 2023 / Texas MBA Admissions / Comments Off

Reduced Program Duration, New Electives, and Expanded Networking Opportunities

The redesigned Evening MBA program ranked No. 6 in the country (U.S. News & World Report, 2023) has been streamlined and now provides a flexible pathway to your MBA, with a reduced program duration, new elective offerings, and expanded networking opportunities. These valuable enhancements, detailed below, will take effect for our next incoming class of Evening MBA students, who will start the program in August 2024. Applications will open in August 2023.

Reduced Program Duration

The Evening MBA program is streamlining the program duration from 28 to 21 months to allow for greater flexibility and efficiency for busy professionals. Now, you can earn your MBA faster with the high-quality education that Texas McCombs is known for. It’s an accelerated path to achieving your career goals, without compromising on educational excellence.

Tailor Your Degree with New Electives

Evening MBA students experience a comprehensive cohort-based curriculum designed to enhance their understanding of core business principles. The new curriculum will have five electives, allowing students to dive deeper in areas of interest, which is especially important in today’s dynamic business landscape. The entire program and its elective courses will all be offered in-person, in Austin.

The new curriculum dedicates more credit hours dedicated to technology, leadership, and international business.
Two flexible core electives on technology and global management. Three general electives of your choice will be offered from a curated selection of courses.
Examples of electives include Investment Theory, Artificial Intelligence & Machine Learning, Product Management, Strategic Corporate Social Responsibility, Advocacy, Art and Science of Negotiations. Elective topics are subject to change.

More Opportunities to Network and Build Your MBA Community

We understand the value of building a strong professional network. That’s why you will have more chances to connect and collaborate with other Working Professional MBA students in our Dallas and Houston programs through shared electives, traveling on the global trip together, and participating in Academic Intensives. These interactions will not only enrich your learning experience but also provide valuable connections that will benefit you throughout your career. At Texas McCombs, we believe that networking is a vital component of your MBA journey, and we are committed to fostering a supportive community.

Exceptional Faculty and Engaging Learning Environment

Among the great things staying the same include our world-class, Texas McCombs faculty. Our professors are passionate about teaching and providing you with a transformative educational experience in a dynamic and collaborative learning environment. Also staying the same are business foundations offered through the core curriculum and capstone, McCombs+ Experiential Learning and Leadership Fellows, award-winning career management support for life, and Academic Intensives – all of which will be delivered in our new 21-month, Monday and Tuesday evening format. Here, you will have opportunities to engage in real-world projects, case studies, and interactive discussions, and you can apply your knowledge immediately to your work the next day.

What’s Next?

At Texas McCombs, we are committed to providing a human-centered, future-focused business education that equips you with the skills, knowledge, and network to thrive in today’s competitive business world. Whether you’re looking to advance in your current role, switch careers, or start your entrepreneurial journey, our program is designed to empower you to achieve your goals. We are excited about the possibilities this redesign brings and look forward to supporting you on your journey to success.

Sign up to receive Evening MBA news, and register for an admissions event to meet program staff, current students, and alumni. Applications for the Evening MBA will open in August 2023. Questions about the Evening MBA? Contact: TexasEveningMBA@mccombs.utexas.edu

Full-Time MBA Application 2023-2024 Updates and Changes

What’s New in the 2023-24
Texas McCombs Full-Time
MBA Application

June 13, 2023 / Texas MBA Admissions / 5 Comments

Texas McCombs is delighted to unveil the 2023-24 Full-Time MBA application deadline and components, featuring significant updates that reflect our dedication to reducing bias, fostering inclusivity, and improving accessibility in the admissions process. We are excited to offer an extended application submission window, including our Round 4 deadline, providing applicants with more time to carefully prepare and submit their materials. Additionally, in recognition of the unique profiles of our applicants, we are expanding our standardized test options to include the GMAT Focus, GMAT, GRE, and Executive Assessment, and ongoing merit-based test waiver.

As part of our commitment to enabling applicants to showcase their unique voices, we are bringing back the video assessment component and introducing an optional peer interview, providing enhanced avenues for self-expression as well as authentic conversation. These updates aim to create an inclusive and welcoming admissions experience, ensuring prospective students have an equal opportunity to shine and contribute to our vibrant community at Texas McCombs.

APPLICATION COMPONENTS FOR THE 2023-2024 ADMISSIONS CYCLE

Our Admissions Committee dedicates itself to a meticulous, holistic review of each application. Our objective is to determine if you are a good fit for Texas McCombs and to be sure we are the right school for you and your goals. There are no fixed criteria or weighted portions of the application. Unless otherwise noted, the following application components will be required this cycle:

Standardized Test (GMAT, GMAT Focus, GRE, Executive Assessment) or merit-based waiver
English Proficiency Test (TOEFL, IELTS) or waiver (international students only)
Undergraduate transcripts and graduate transcripts (if applicable)
Resume
One Professional Recommendation
One Written Application Cover Letter
Video Assessment
Optional: Peer Interview

APPLICATION DEADLINES

Applications for the Full-Time MBA program are accepted in four rounds, and the program enrolls annually every August. Applications must be submitted by 11:59 PM Central Time on the deadline date for each round.

Round 1: October 10, 2023
Round 2: January 5, 2024
Round 3: March 26, 2024*
Round 4: May 9, 2024

*Final deadline for international applicants.

STANDARDIZED TESTING REQUIREMENTS

To provide MBA candidates with additional flexibility, applicants have more options than ever before when considering how to complete the standardized test requirement in their application. All applicants are required to submit a GMAT, GMAT Focus, GRE, or Executive Assessment (EA) score. We will waive the testing requirement if:

Expired (taken 5+ years ago) GMAT, GRE, or EA score is submitted
General Test Waiver (merit-based) is approved

Standardized exams like the GRE, GMAT, GMAT Focus, and EA help us to evaluate a candidate’s academic preparedness for the rigor of business school and is also one metric used to compare candidates within a large pool of applicants. However, there are some scenarios where a candidate’s application might shine without the standardized test. Learn more about the criteria required to apply for a general test waiver.

Once the GMAT Focus is launched in late fall, Texas McCombs will accept both the current GMAT test type and the new GMAT Focus test type.

Note that the majority of applicants applying to the Full-Time MBA program take either the GMAT or the GRE due to the competitiveness of the pool. In many cases, having a strong GMAT or GRE score will make you more competitive for both admission and scholarship opportunities.

APPLICATION COVER LETTER

The application cover letter is a critical means of learning who you are as an applicant and assessing your communication and writing skills. Here is the prompt to help guide you in writing the application cover letter:

Please write an application cover letter summarizing your aspirations, qualifications, and personal and professional experiences that make you a strong candidate for the Texas Full-Time MBA program.

LIMIT: 500 words

Additionally, and if applicable, applicants can provide an optional statement in the essay section of the application. Applicants should only provide an optional statement if there is something they wish to address about their candidacy that is not addressed elsewhere.

VIDEO ASSESSMENT

Texas McCombs has always been at the forefront of innovation and continuous improvement, consistently seeking new ways to enhance the application process for prospective MBA candidates. In line with our school mission and values, we introduced a dynamic video assessment component as part of the 2022-23 admission cycle, offering an alternative approach to a more traditional essay and interview format. Given all applicants will complete the video assessment, MBA candidates will have increased access to the application process and the opportunity to share their stories with us in their own voice. Through the video assessment, the Admissions Committee will have a chance to experience the “real” you, beyond a resume, test scores, and transcripts. Lastly, the video assessment will enable Texas McCombs to reduce bias in the admissions process by providing all applicants with a structured and consistent assessment experience.

MBA candidates with a submitted application, whose application fee has been paid or waived will be invited to take part in our Texas McCombs Video Assessment. Each applicant will have 7 days from the invitation to complete the assessment. The video assessment is asynchronous and will help the admissions committee evaluate your career goals and the following competencies that are crucial for the fit and success of our students within the program and their future careers:

Adaptability/Resilience

Empathy/Inclusivity

Ambition

Goals

Well-Roundedness

Verbal Communication

Professionalism/Poise

Each video assessment will start with a fun, non-evaluative question that will help the admissions team learn who you are as a person, then applicants will be asked 4 additional questions, for a total of 5 responses, with each response lasting no more than 90 seconds each. Detailed instructions will be provided with the video assessment invitation so you know what to expect, and applicants will have the opportunity to practice as many times as they wish before completing the final video assessment.

This is your time to show us your personality and enthusiasm! We recommend that you prepare for the video assessment similarly to how you might prepare for an interview. Think reflectively about your work experience, strengths, weaknesses, and work on your delivery.

OPTIONAL: PEER INTERVIEW

One of the most vital parts of the MBA application process at Texas McCombs is the human component – “Human-Centered, Future-Focused” is our mantra for a reason. We pride ourselves in getting to know you at a personal level during the admissions process and will continue to provide hundreds of virtual and in-person ways for you to meet our students, alumni, faculty, and admissions team.

We invite all MBA applicants to close out their application process in a human-centered way and complete a short, optional virtual interview. While not required, registering for and completing an interview is highly encouraged.

These interactive virtual sessions present a valuable opportunity for our applicants to connect with Full-Time MBA students, showcasing their collaborative skills, reaffirming their motivation for pursuing an MBA and leaving a lasting positive impression on Texas McCombs.

The optional interview will last 20-30 minutes and are available throughout the round. The student ambassador will introduce themselves and ask you up to 3 questions that focus on collaboration and your motivation. The rest of the time is yours to ask 2-3 questions that are top of mind.

OUR COMMITMENT

These enhancements to our application components exemplify our commitment to a human-centered, future-focused approach. We deeply value each candidate’s individual journey and recognize the potential they bring to our program. Join us at Texas McCombs as we shape a class of talented individuals with various perspectives, pioneering a path toward a brighter and more impactful future in business education.

Learn more about the MBA Application Components.

Visit Texas McCombs MBA to learn more about our programs and upcoming events, or take a peek into student life on Instagram. Check out our Application Process page for more information on application components. Please reach out to the MBA Admissions Team with any questions.

Good luck and Hook ’em!

Exploring the Return on Investment of a Texas McCombs MBA.

Maximizing Your Potential: Exploring the ROI of a Texas McCombs MBA

May 9, 2023 / Texas MBA Admissions / 1 Comment

This MBA Insider content comes from Christie Jenkins, Senior MBA Recruiting and Admissions Officer, Working Professional MBA.

There’s a saying in undergraduate admissions that a student’s decision on where to go to college ultimately boils down to the 3 P’s: price, proximity, and prestige. I’m not aware of a 3 P’s equivalent for MBA programs, so allow me to invent one. The 3 R’s: Rankings, Recruiting, and ROI.

It’s no secret that future MBA’s are a little more objective and outcomes-focused with this decision than they may have been when choosing a college for undergrad. Undergrad is all about the experience, personal growth, and the journey as well as the destination. Those things certainly matter for your MBA selection too, but with an added emphasis on results and tangible benefits. Objectively, why should someone spend 2 years and $100,000+ on an MBA? What is the value?

RANKINGS

Or maybe this R should be reputation? Either way, Texas McCombs excels at both. U.S. News and World Report ranks our MBA programs as the following:

#6 Working Professional MBA

#14 Executive MBA

#20 Full-Time MBA

It goes without saying that our MBA programs are the best in Texas. Our programs also benefit from The University of Texas at Austin brand. Visit anywhere in the world and someone will be able to tell you about the burnt orange Texas Longhorns, and possibly that “What starts here changes the world.” Simply put, you will never have to explain what UT is all about. People know.

RECRUITING

Employers want to hire Texas McCombs MBAs. We partner with more than 400 employers annually, and the list is always growing. A few of our top recruiting partners who hired 10 or more MBAs last year include Amazon, Dell Technologies, PricewaterhouseCoopers, Boston Consulting Group, and Deloitte Consulting.

Texas has the fastest-growing job market in the country, according to the U.S. Bureau of Labor Statistics, and has been ranked No. 1 Best State for Business for 18 consecutive years. Texas is also home to the most Fortune 500 companies, with more than 135 companies that have relocated their headquarters to Texas since 2020. This list includes AT&T, CBRE, Charles Schwab, Exxon Mobil, Hewlett Packard, Oracle, Tesla, and more. Add in that Texas has no state income tax and a comparatively low cost of living, and you can see why this is a great place to live and work.

Source: Texas Economic Development & Tourism, Office of the Governor.

To help you land those jobs, you’ll also have unlimited access to career coaching, even after you graduate. Our career coaches can help you refine your brand, prepare for interviews, negotiate your starting salary, and much more. They’ll be there for you as a student and after graduation, as MBA alumni have lifetime access to career resources and coaches.

ROI

For those uninitiated in the MBA lingo, ROI, or Return on Investment, is a way to measure the profitability of an investment. Another way of thinking about this concept is the payback period, or how long it will take for an investment to pay for itself.

According to the GMAC Corporate Recruiters Survey, bachelor’s degree holders from the United States are expected to earn a median of $50,000 annually. The median starting salary for an MBA graduate is $95,000 – and that’s just a graduate of any MBA program!

Source: GMAC Corporate Recruiters Survey – 2022

For a Texas McCombs Full-Time MBA grad, the average starting salary for the Class of 2022 was $145,000. Therefore, the average incoming student can expect a $95,000 pay increase at the time of graduation ($145,000 McCombs MBA salary minus $50,000 bachelor’s degree holder salary). Compare that to the cost of our MBA programs (between $105,100-$149,500) – you’ll see the typical payback period for a McCombs MBA is less than 2 years!

After your McCombs MBA investment has paid for itself, you’ll have a lifetime to reap the rewards. If you are in your 20s or 30s, with an expected retirement age of 65, then you could have 30 or 40 more years ahead of you in your career. Wouldn’t it be nice to make the most of your incoming-earning years? The earlier you start, the more time you have to benefit from your increased post-MBA salary.

According to Poets and Quants, the expected lifetime earnings of a McCombs MBA graduate is $6.35 million.

For those who want to see the numbers, here’s your ROI calculation: profit (or gross income minus cost) divided by cost. For a McCombs Full-time MBA, that is $6,350,000 – $105,100 / $105,100, which works out to an ROI of 59.42. Over the course of your lifetime, your MBA will pay for itself more than 59x.

Of course, this barely scratches the surface.

The true value of an MBA can’t be measured in dollars. It includes your personal growth and development, the networking and relationships you will build, the intrinsic value of gaining knowledge and confidence, job security, upward mobility, and much more.

Only you can calculate what an MBA will mean for your future, but hopefully, you are reassured to know that a McCombs MBA makes objective, financial sense in addition to being a great experience.

Ready to get started on your MBA journey? Visit Texas McCombs MBA to learn more about our programs, application components, deadlines, and upcoming events, or take a peek into student life on Instagram. Please reach out to the MBA Admissions Team with any questions.

Congratulations Texas McCombs MBA Class of 2023

A Message to Our Texas McCombs MBA Graduates

May 2, 2023 / Texas MBA Admissions / Comments Off

Congratulations on reaching this incredible milestone in your lives! As you prepare to receive your diplomas and move on to the next chapter of your careers, take a moment to reflect on all that you have accomplished and learned during your time at Texas McCombs.

You have worked tirelessly to develop your skills, expand your knowledge, and build relationships that will last a lifetime. You have faced challenges and overcome obstacles, demonstrating your resilience, perseverance, and dedication to your goals. And finally, you have made an indelible mark on the Texas McCombs community, leaving a legacy that will inspire future generations of MBA students.

As you step out into the world as an alumnus, know that you carry the values and traditions that make Texas McCombs so special. You are part of a proud and accomplished network of leaders and innovators who are making a difference in every industry and city around the globe.

American entrepreneur, philanthropist, and businessman John Paul DeJoria, will address Class of 2023 graduates at the McCombs School of Business MBA Convocation, on May 5, 3:00–5:00 p.m. at Gregory Gym on the University of Texas at Austin campus.

John Paul DeJoria is widely recognized for co-founding two iconic global multi-billion-dollar-valued brands: John Paul Mitchell Systems and Patron Spirits International.

Born in Los Angeles in 1944, DeJoria grew up in a low-income household and faced numerous challenges throughout his childhood and adolescence. He is admired for his innovative and socially responsible approach to business and has been recognized with numerous awards and accolades for his contributions to entrepreneurship, philanthropy, and the environment.

In 2011, Mr. DeJoria signed the “Giving Pledge” created in 2010 by Bill and Melinda Gates and Warren Buffet. John Paul’s main philanthropic investments through JP’s Peace, Love & Happiness Foundation are focused on homelessness, food insecurity, and entrepreneurship. Mr. DeJoria endowed a chair at the University of Texas at Austin’s Dell Medical School to improve the health of people experiencing homelessness. In addition, he has made investments in housing through Mobile Loves & Fishes and the Salvation Army. He funded and created Grow Appalachia, the largest organization of its kind that helps people grow their own food and contribute to resilient food systems.

John Paul was inducted into the Texas Business Hall of Fame in 2021 for his transformational impact on the state’s economy and communities and received the Texas Medal of Arts in 2017 from the Texas Cultural Trust as Corporate Arts Patron. John Paul DeJoria’s life and career are a testament to the power of hard work, perseverance, and the entrepreneurial spirit that Texas McCombs hopes to ignite in each of our students.

If you or your family can’t make it to Gregory Gym, tune into the MBA Commencement live stream, or join us at Rowling Hall to celebrate.

Once again, congratulations on your graduation from the Texas McCombs MBA program. May this achievement be just the beginning of a long and fulfilling journey, filled with success, happiness, and endless possibilities.

Hook ’em! 🤘🎓