Tag: why mccombs

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.


Visit Texas McCombs MBA to find out more about all our programs, events and community, or take a peek into student life on Instagram.

After Admission: Deciding Your
MBA Offer

Making it through the MBA application process to receive an offer of admission from Texas McCombs is a big accomplishment! But it is not the end of your MBA admissions journey. The decision process goes both ways and you must accept your offer of admission to be enrolled in the next class. As a driven and competitive MBA candidate,  you may be deciding between offers at multiple business schools. Everyone’s individual decision is different, but a few common themes always come up when we ask our students, “Why McCombs?”

The City

Austin, Texas tops rankings for quality of life, growth, tech and innovation year after year. ATX has been named the No. 1 Best Place to Live by U.S. News & World Report for 2017, 2018 and 2019!

A few photos of Austin - Lake Travis, the city, the Capitol, & a concert

The MBA program moved into a new, world-class facility in 2018. Robert B. Rowling Hall sits at the intersection of the university and the Austin business community, acting as a launchpad for ideas. Open, transparent and flexibly designed, the building creates the physical space for you to engage, collaborate and learn experientially. Our dedication to excellence plus our new home made us a Top Ten Business School to Watch in 2019 .

Rowling Hall exterior

Robert B. Rowling Hall, Graduate Business Building, UT Austin

The Network

Right at the center of Austin is the McCombs School of Business–  a tight-knit, driven community of students, staff and faculty, making up part of one of the largest university networks in the world:

500,000+ UTY Austin Alumni, 100,000+ McCombs Alumni, 25,000+ MBA Alumni

Our MBA culture is famously welcoming and our students come from diverse backgrounds that make our community dynamic and inspiring. It has been said that McCombs MBAs are relentlessly driven, yet they are the first to jump in and encourage and support each other to excel. Connect with current MBA students to learn more about what sets us apart.

Texas McCombs MBA Consortium Students at Rowling Hall, fall 2018

Texas McCombs Consortium MBA students at Orientation 2018

The Focus on the Future

Texas McCombs is human-centered and future-focused, meaning we have our eye on what’s coming next in business– from the exciting research coming out of McCombs every day to the many rankings where we are among the best schools in the nation. We strive to be a top business school, giving our students the best possible experience. Recently, we landed on seven Top 10 lists in Princeton Review’s 2020 rankings!


Visit Texas McCombs MBA to find out more about all our programs, events and community, or take a peek into student life on Instagram. Hook ’em!

First Look: Full-Time MBA Class of 2021

After receiving over 1,900 applications for our Full-Time MBA program, Texas McCombs is happy to welcome our incoming MBA class of 2021! Our admissions team prides itself in fostering a diverse range of students with individual talents and backgrounds that will positively impact their peers, their networks, and the world around them for years to come.

Each MBA class is the result of relationships built between MBA candidates and the Texas McCombs community through connecting with MBA admissions, attending MBA events, completing our application and visiting our campus at UT Austin, one of the most prestigious public universities in the world, deep in the heart of welcoming, vibrant Austin, Texas.

We are looking forward to getting to know the next class of Texas McCombs MBA students this fall! Get a sneak peak at our Full-Time Class of 2021 below:

Class of 2021 Full-Time MBA stats; 260 students, average age 29; average GMAT 704; 40% women; Average GPA 3.42pre mba industries include finance, energy, government, technology and consultingOur commitment to creating a well-rounded and engaging education starts with our diverse student body. In the last three years, the number of women enrolled at Texas McCombs has continued to increase, with 2019 being the highest percentage of women in the Full-Time MBA program ever.

Students also have the opportunity to go beyond the classroom to develop global perspectives of the business world through our Exchange, Double Degree and McCombs Adventure programs.  These give students the opportunity to immerse themselves in other cultures while studying in countries around the world. Our Global Connections program takes students on an eight to ten-day tour to learn about business powerhouses in countries like China, South Africa, Thailand, Cuba, and Argentina.

This year, Texas McCombs was ranked as one of the top 20 business schools in the country by U.S. News and is consistently cited as a top value due to the strong return on investment for our graduates after working with our dedicated Career Management team within one of the largest business school networks in the world. 

Students also have the opportunity to join one of our 40+ student organizations ranging from leadership and professional orgs to affinity and social and sports orgs.

The next deadline for the 2019-2020 Full-Time MBA application is our Round 2 deadline on January 7, 2020. We encourage you to prepare to submit your best application and recommend the below resources to help:

Questions? Feel free to reach out to us: TEXASMBA@mccombs.utexas.edu, (512) 471-7698 or follow us on all our social media platforms @UTexasMBA.

We look forward to getting to know you and reading your application. Hook ’em!

 

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