Tag: mccombs (page 3 of 13)

The Ins & Outs of the Executive MBA Test Waiver

From Director of Texas Executive MBA Admissions, Sharon Barrett:

Hands down, this is the most common question I get from Executive MBA candidates:

“How does the test waiver work and do I qualify?”

So here’s the lowdown– First and foremost, the Executive MBA is the only Texas MBA program that accepts applicants’ petitions to waive the GMAT or GRE exam requirement. (Key words being “applicant” and “petition.”)  And everyone’s case is different, so there’s no recipe to follow, no checklist, and no guarantee that if you do certain things, you’ll get a waiver.

The MBA Admissions committee views each applicants’ petition in the context of their entire application, and renders a decision on the application versus a separate decision on just the waiver.

Here are the areas of consideration when reviewing an application with a petition for a test waiver:

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Re-Applying to the Texas MBA Program

From the Texas MBA Admissions Team:

The 2017-2018 application is open for all programs, so questions are starting to roll in from those who have applied to the MBA program in the past and are interested in re-applying for the Class of 2020.

First and foremost, having applied in a previous year is not considered a negative factor in your application. We are pleased to see your continued interest in the program and will evaluate your new application on its merits, and in the context of the new applicant pool, just as if you are applying for the first time.

Our best advice: Consider giving yourself a fresh start when you approach your new application. Think through and reassess your application, addressing any weak areas, and add new information that may be helpful in the admission process.

Below is an overview of the application process for re-applicants:

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Still Deciding Between Full-Time or Working Professional MBA Programs?

From Sharon Barrett, Director of Working Professional & Executive Texas MBA Admissions:

Are you still deciding between leaving your job to attend the MBA program full-time, or continuing to work while you earn your MBA part-time? Rest assured you’re not alone. Here are some basic questions I ask people who are grappling with this decision:

What do you want to do with your MBA?

The answer to this question can help determine whether a full-time or part-time program makes more sense for you. The majority of Texas MBA students go into the MBA program with the goal of switching jobs. Our Working Professional (WP) MBA programs – Texas Evening MBA (in Austin), Texas MBA at Dallas/Fort Worth, and Texas MBA at Houston – are an excellent fit for those looking to switch to a career in consulting, or to move into a different function within the same industry (such as operations to finance, or vice versa). The strong general management focus of the curriculum in the WP programs also gives graduates the tools they need to run a company, whether it’s their own or someone else’s. And hands-on experiences through the MBA+ Leadership Program offer students the opportunity to work on a consulting project to sharpen the skills needed for a switch.

If you’re planning a complete industry switch, say from software engineering to financial services, or moving into a specialized field such as investment banking or clean tech, then you may want to think about how your past experiences are related to these goals. If they’re completely unrelated, getting exposure and experience in this field prior to beginning your job search can be important. The Texas Full-Time MBA requires a summer internship, and the elective choices allow students to dive deep into a specific industry or area of focus to position you for a strong career pivot.

Tip: Research your target companies in advance and see if they require an internship with the company prior to full-time employment.

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Pre-MBA Work Experience: Quantity vs. Quality

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 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, it’s your first week on the job? 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 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, saved clients money, improved processes and efficiency, 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 – it’s a balancing act! 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:

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Scholarships & Financial Aid at McCombs

We recognize that pursuing an MBA is a big investment in your future. The Texas Full-Time MBA Program is proud to have been named Best Value among Top 20 MBA Programs by U.S. News two years running.

To make your MBA future even more attainable, McCombs awards financial assistance to many Texas MBA students to help cover the cost of education. In most cases, that aid comes in the form of student loans, but there other options that may help fund your MBA. We invite you to review some of these options below to help you better navigate this step in your MBA journey.

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