Tag: covid-19-updates

Everything You Need to Know About the Texas McCombs MBA COVID-19 Test Waiver

 

Standardized exams like the GRE, GMAT, EA, TOEFL & IELTS help us to evaluate a candidate’s academic preparedness for the rigor of business school and is one metric used to compare candidates within a large pool of applicants.

In addition, studying for and taking the exam – for some, even taking it multiple times can show the admissions committee your commitment to the competitive business school application process and how you may approach academic challenges as a student. 

However, we understand that many are experiencing hardships due to the COVID-19 pandemic and that these challenges may be affecting your applications plans and ability to take an exam. Due to the unprecedented circumstances, we are providing applicants who are unable to take an exam in person or online the opportunity to petition for a test score waiver.

Here, our Admissions Team answers some questions you might have about the Texas McCombs MBA COVID-19 test waiver, including who the waiver is for and how it might impact your application. 

Who is eligible for a COVID-19 test waiver? 

Applicants who meet both of the criteria below have the opportunity to petition for a special test waiver:

  • You are unable to take an exam in-person at a designated testing center due to lack of availability in your region, or because you or someone in your household is immunocompromised, AND  
  • You are unable to take an exam online due to lack of availability in your region, technology or other test-taking requirements (e.g. device availability or compatibility, slow internet connection, testing environment) 

If you do not meet both of these criteria, we require that you complete the standardized tests prior to submitting your application.Both GMAC and ETS have introduced remote testing options for the  GMAT, GRE, EA, and TOEFL exams for candidates impacted by coronavirus, and the majority of testing centers have re-opened globally with stringent health and safety precautions.   

How do I request a COVID-19 test waiver? 

If you meet both requirements above and would like to request a COVID-19 test waiver, please email TexasMBA@mccombs.utexas.edu to receive a link to the petition and to learn more about the test exception process 

Is there a deadline to request a COVID-19 test waiver? 

The test waiver petition must be approved by the admissions committee before you submit your application to McCombs. The admissions committee may take up to five business days to review your petition, so please complete the petition 10-15 days prior to your planned application submission date.

How does a test waiver impact my application? 

If you are approved for the COVID-19 test waiver, you may be asking yourself, “What are my chances for admission?” 

The truth is that by removing one component from your application, your other components will carry more weight in the committee’s final decision. Below are some items to consider as you craft your application. 

Academic History 

Does your undergraduate or graduate transcript accurately reflect your academic ability? If your GPA is low, and you do not submit a GMAT or GRE score, the admissions committee may have concerns about your ability to succeed in the rigorous MBA curriculum.  

One other factor to consider is whether or not your quantitative ability shines elsewhere in your application. While many of our MBA students come to McCombs from non-quantitative majors, these applicants are typically able to prove their quant prowess through the GMAT or GRE. If you come from a non-quantitative background and qualify for a test waiver, you will need to find other areas within your background or experience that can demonstrate your quantitative skills. At the end of the day, we want to make sure that you are set up to succeed academically in the program. If the admissions committee has concerns about your quantitative ability, it may impact your chance of admission, or you may be required to complete pre-MBA coursework prior to admission and/or prior to enrollment.  

Work Experience 

Your work experience will be reviewed thoroughly by the committee for leadership potential, progression and/or increasing responsibilities, and achievements. Generally, the level of responsibility someone has within a company correlates positively to how they will perform in a rigorous graduate educational program.  For those with less than the average work experience, a standardized test score may make your application more competitive. 

If you have any professional certifications, such as the CPA, CFA, Series 7, or others – be sure to highlight these on your resume and within your application, as attaining these types of certifications helps show the committee your academic readiness.  Advanced or terminal degrees should also be highlighted.  

Career Goals 

If your post-MBA career goal is to work in management consulting or investment banking, employers in these industries may ask that you provide your GMAT score when applying for internships or full-time positions. If you qualify for a test waiver and are considering pursuing post-MBA jobs in these industries, it is important that you are aware of this before enrolling because you may end up having to take the exam to apply for these roles. 

Scholarships 

Scholarship awards are competitive and limited in number. Scholarship decisions are based on a longstanding holistic review process that takes into account your entire application and serves to assess the overall strength of your candidacy, including readiness for academic rigor, career goals, leadership potential, and fit with our program culture. Submitting an application without a test score may limit the information available to award a merit-based scholarship  

One other note: Admission deferral requests for the Full-Time MBA program will not be considered if you gain admission to Texas McCombs and have a test exception. 

What if I’m an international student and am not able to take the TOEFL or IELTS? 

If you are an international student who does not qualify for our standard TOEFL/IELTS waiver based on work experience and/or education history, but you meet the criteria for a COVID-19 test waiver, you may be asked to prove your mastery of English via other avenues, such as a meeting with an admissions committee member or an additional essay request. In addition, if admitted you may be required to enroll in and pay for the pre-MBA Business English Program, which occurs in June 2021.  

Final Thoughts on the COVID-19 Test Waiver

The COVID-19 test waiver is intended only for those who cannot take the exams in person or virtually due to circumstances beyond their control.  If you qualify for a test waiver and believe that your application will not be negatively impacted by the lack of a test score, we encourage you to submit the petition and apply when you are ready. However, it is important to remember that we have multiple application rounds for a reason! For some, it may be best to wait to apply until you can submit with test score in-hand.  The decision will be different for every applicant, and we encourage you to approach this thoughtfully.   

We wish you well during these difficult times. Please contact us if you have any questions, and best of luck on your application! 

Considering Your MBA
in Uncertain Times

Dave Jackson is the Senior Admissions Officer for the Texas McCombs MBA at Dallas/Fort Worth program and is a proud McCombs MBA alumnus . He has 20 years of experience in journalism, public relations, and communication. Dave graduated from the MBA program in 2010 amidst the Great Recession. Here, he provides a personal perspective of his time in the program that may be helpful to those currently evaluating an MBA amongst the uncertainty caused by COVID-19. 

Dave Jackson Headshot

Dave Jackson, Senior Admissions Officer of MBA at Dallas/Fort Worth

I remember sitting in a conference room in the Fall of 2008, in my first year of the Texas McCombs MBA at DFW program. For those who remember that time, we were in the midst of one of the worst recessions in our country’s history as the subprime mortgage crisis brought the financial system to its knees.

The alum standing at the front of the room talking to our class asked, “Who thinks this is a good time to be looking for a job?”

None of us even gave a thought to raising our hands. Most of us were more worried about keeping the jobs we had, let alone finding something new.

He looked at his audience of skeptics and said, “I would argue that this is the best time of all to be looking for a job. Because companies are only hiring people for positions that they know will add value. And those are the jobs you want.”

One simple argument changed our whole perspective on what appeared to be a bleak economic situation.

Now we’re facing another crisis – a public health challenge combined with an economic one. And it’s perfectly rational to ask: Is now the right time to make an investment in an MBA?

This is ultimately a personal question: Everyone has their own set of criteria for what makes a good investment and when is the right time to make it.

Here are a few things to consider:

Return on InvestmentJust as investment advisors recommend that you invest your money for the long-term, recognize that you have many more years ahead in your career and your MBA will pay off over a long period of time. But in thinking more specifically about payback, the most recent GMAC survey of business school alumni found high-levels of both satisfaction and return among both full-time and part-time graduates. Employers value the MBA and despite an uncertain hiring environment, there will be opportunities for good candidates in the future. Additionally McCombs was named No. 1 Best Value among top 20 business schools by U.S. News and World Report, based on the gap between average starting salaries and debt.

NetworkRemember that the concepts of return and value are two different things. While return is more easily quantifiable and you should expect a reasonable payback period, you begin accruing value with your MBA from the day you start, and you continue to accrue that value over the rest of your life. A big part of that value comes from the network you build with your classmates and alumni. As a McCombs student, you instantly join a powerful and passionate network of 500,000+ University of Texas at Austin and 100,000+ McCombs alumni who are eager to help their fellow Longhorns. Being surrounded by a group of smart, goal-oriented, diverse and downright interesting people will give you new perspectives on how to do your work differently, provide you with new tools for solving problems and give you connections (and friendships) that will always be with you throughout your career.

Knowledge Another main source of value in an MBA is the knowledge you gain, which has no expiration date. MBA faculty are the best in their fields, and they also recognize the strength of knowledge in the room. They know how to facilitate discussion and draw on the expertise of you and your fellow students. At McCombs we are fortunate to have extraordinary breadth across academic disciplines, as one of only five schools in the nation to rank in the top 20 across 11 or more U.S. News graduate business specialties. Additionally our faculty have been named top 10 Best Professors by The Princeton Review for 10 of the last 11 years, based on feedback from students about teaching quality and accessibility outside the classroom. We assume that everyone seeking an MBA aspires to be a leader, and our curriculum is geared toward preparing you for leadership. As we’re learning each day, strong leadership skills and empathy are critical in difficult times to ensure that our businesses, organizations, and team members are prepared to get through difficult challenges. As an MBA graduate, you will be well-equipped to play a leading role in solving the next crisis we face as a society.

Perspective Finally, it’s important to recognize that the current environment, while difficult and unprecedented, is temporary. The world economy has weathered many challenges over its long history. And while the “when” isn’t clear, things will get better. It’s important to consider whether waiting to pursue your MBA is worth the opportunity cost of missing out on the benefits you can start receiving sooner.

Warren Buffett, a child of the Great Depression who has become one of the world’s greatest investors in good times and bad, has said, “By far the best investment you can make is in yourself.”

An MBA is an investment that will pay off over a long time horizon, in ways both easy to measure and less tangible but still significant. So if you’re thinking about whether these turbulent times are right for making the MBA investment, it’s worth considering that this might be the best time of all to go for it.


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