Tag: mba (page 1 of 17)

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!

The MBA at DFW is Moving to The Centrum!

The McCombs School of Business has found a new home for the Dallas/Fort Worth Weekend MBA  at The Centrum in Uptown Dallas. The highly visible, 17,000 square-foot, first-floor space will open in the fall and provide interactive classrooms, group study and breakout rooms, individual study nooks, 16-seat board interactive room, meeting rooms, offices, and open community space. The new location will accommodate current and future classes and provide easy access from multiple freeways for students, faculty, staff, and visitors.

“We’re excited to move to our new home at The Centrum, which will give us a central location to the DFW business community. The new location will increase the awareness and reputation of the program within that community, while also providing a space that’s customized for the needs of our students,”

– Dave Jackson, Sr. Admissions Officer, MBA at Dallas/Fort Worth

What The Centrum Has to Offer

The Centrum is located in Uptown Dallas and provides unique opportunities for students to network and connect with other innovative organizations including Capital FactorySalesforce, and BRIT Systems,  who all operate within the building.

Amenities include a fitness center, five restaurants, a coffee shop, a tenant lounge, rooftop deck,  outdoor courtyard, underground parking, secure bike room/racks, and more.

“The new location is in the middle of the action in Dallas – it’s lively, has proximity to the major highways and is in a rapidly developing area in uptown. The modern design and innovative use of space will allow better collaboration between the students, faculty, and professors. The tech-friendly, connected hub will facilitate better quality study group meetings, private rooms to review exam material, and ample space to practice presentations.”

Claire Mitzner, Texas McCombs MBA ’20

The building’s many amenities will make it a premier gathering place for our MBA students in all stages of their MBA journey. The Texas McCombs community is excited to show off our new Dallas home at admissions events, student events, and alumni gatherings starting this fall!

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Meet Your Working Professional and Executive MBA Career Team

This Insider insight comes from our Working Professional and Executive MBA Career Team.

Texas McCombs MBA Career resources are truly unmatched among other top business schools. Our Career Management team‘s vision is focused on the future, adapting and growing to meet the needs of tomorrow’s career landscape. And they understand that the MBA career path for our Working Professional and Executive (WPE) MBA student differs from full-time students, dedicating a team of career support specifically for our WPE students in Houston, Dallas/Fort Worth, and Austin (Evening & Executive).

The McCombs Difference

MBA program administrators realized they needed to rethink their approach to career management for part-time students.

“We developed an entirely new career management framework that emphasized students’ strengths and interests and better prepared them not only for OCR (on-campus recruiting), but also for other channels that led to experienced hires and will allow them to continually progress in their careers.” – Joe Stephens, Assistant Dean, Working Professional and Executive MBA programs.

The framework, which can be applied in any phase of a student’s career and is tied to students’ career management curriculum and one-on-one advising, includes a market assessment (self-assessment, career exploration, and network creation); value proposition (your brand and competitive advantage, and elevator pitch); sales tools and channels (resume, LinkedIn profile, interview prep, and network cultivation); and launch (plan execution and offer negotiation).

“This career management framework has served as our WPE team’s vision and mission,” says Janet Huang, Director of MBA Career Management at McCombs. (source: Medium)

Meet the WPE Team

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