Texas McCombs MBA Insider

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Exploring the Return on Investment of a Texas McCombs MBA.

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

May 9, 2023 / / 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.

Texas stats graphic for the report.

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.

Picture of a man at a desk in a wheelchair smiling at a laptop in his lap. Text reads - Applying in Round 4 - Submit Today, Start Classes in August

Why It’s OK (and sometimes
better) to Submit Your MBA Application in the Final Round

May 1, 2023 / / Comments Off on Why It’s OK (and sometimes
better) to Submit Your MBA Application in the Final Round

This MBA Insider content comes from Christie Jenkins, Senior Recruiting and Admissions Officer for the Evening MBA Program.

Let’s start with a game of two truths and a lie! Can you spot the lie among the statements below?

  • Texas McCombs is always seeking the most qualified candidates for its MBA programs.
  • The Admissions Committee reviews applications holistically, considering a candidate’s academic performance, work experience, program fit, and a variety of other hard and soft skills.
  • Candidates must apply early to have the best chance at admission.

The first two statements are true. We are looking for the best people we can find, and we review a candidate’s academic profile, work history, and how a Texas McCombs MBA can help them achieve their goals.

The last statement is a myth – and it’s one of the most common misconceptions about applying to our MBA programs.

We are not simply trying to fill the next incoming class as soon as possible; we want to ensure that we have the strongest and most dynamic class we can get. Therefore, we have the same rigorous admissions standards regardless of when you apply. Often, some of our best students apply in the final round!

Depending on the format of the MBA program you are pursuing, either as a Full-Time student or in our Working Professional or Executive MBA programs, your preparation process will likely differ.

Full-Time MBA applicants are choosing to leave the workforce for two years and often relocate to a new city. These steps require advanced planning, and usually, applicants have been working towards them for months. However, there are a variety of valid reasons an applicant may wait until the final round to apply to a Full-Time MBA program. Perhaps there have been unexpected changes to your work or living situation, and suddenly, now would be the ideal time to make a move. Or, you just wrapped up a big project, and you can finally focus on submitting a top-notch application. Or maybe, you’ve only recently come to the realization that pursuing an MBA is the best next step forward to reach your goals.

Working Professional and Executive MBA candidates, who are planning to earn their MBA while continuing to work full-time, typically have a different set of considerations. Of course, you will still notify your employer of your intent to start an MBA, but you can tell them a bit later in the application process. Those conversations will center on your growth plan with your company and if they can offer schedule flexibility or financial sponsorship. You’ll also want to gain support from friends and family, and set expectations with them on how you will manage your time with your new priorities. Because Working Professional and Executive MBA students can continue working and living in the same area, they tend to apply later.

Often, it’s not clear that the time is right to pursue your MBA until later in the application cycle, and candidates don’t want to wait a year before getting started. Sometimes an application can be even stronger when you wait to submit until after you’ve landed a promotion, closed that latest deal, or had more time to prepare. The Admissions Committee recognizes this dynamic. When you’re ready to apply, we’re ready for you.

Bottom line: The best time to submit your application is when you feel ready to do so and you’re confident it will be the best representation of you and your potential in the program.

button that reads "Start or Submit Your MBA Application"

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.

MBA Student Spotlight Veronica Mabry Weekend MBA at Dallas/Fort Worth '23

Student Spotlight: Veronica Mabry, Weekend MBA ’23

February 16, 2023 / / Comments Off on Student Spotlight: Veronica Mabry, Weekend MBA ’23

Written by Elain Yao.

veronica mabry headshotVeronica Mabry is a first-generation college student in the Texas McCombs Weekend MBA at Dallas/Fort Worth program who is balancing the demands of school, work, and family life. Despite the many challenges of juggling a full-time job, parenting, and pursuing a graduate degree, Veronica has always had a strong desire to pursue an MBA. With a lifelong passion for academics and an undergraduate degree in communications, Veronica saw an MBA as a way to broaden her understanding of business.

“I really saw the value of being able to evaluate how business decisions are made. Every job function I have sat in, I can look at through a different lens, like, is this commercial viable? Is this going to maximize value? Now I can justify any decision I make because I have such a strong foundation under me with this MBA.”

Veronica did not follow the traditional path of completing her undergraduate degree, working professionally for two to three years, and then pursuing an MBA. Instead, she decided to continue her education after a decade of working and starting a family. Veronica was drawn to the Weekend MBA in Dallas for its convenience, reputation, and opportunities it would provide for her future career. As a full-time working parent, she appreciated the program’s flexibility, which allowed her to balance her studies with her other responsibilities.

“I started looking at working professional, evening, and part-time programs. I still wanted the respectability of a ranked MBA program and a name like McCombs because of the recruiting, network, and alumni that are so valuable.”

Veronica smiles with her son and partner.  

Veronica spends her busy weekdays helping her son get ready for school, working 8:00 am to 5:00 pm, going to the gym, dedicating time to her husband and son after work, and studying late in the evenings. She attends classes on Friday evenings and Saturdays, while her husband takes on solo parenting duties, and devotes Sundays to spending quality time with her family. Despite the long hours and packed schedule, Veronica sees the Dallas/Fort Worth weekend program as a way to further her education and advance her career without sacrificing her other commitments.

“I knew I wanted to attend grad school, but the clarity of it being an MBA came recently and I am so glad that I chose McCombs because I can’t imagine going through a different program.”

In pursuit of an MBA, Veronica has faced her fair share of internal and external challenges. Internally, she has struggled with the unknowns of day-to-day life as a working parent, including the potential for illness or unexpected family needs. Externally, she has encountered challenges with how she is perceived by her classmates, particularly as one of the few women in the program with children. She has sometimes felt isolated as “the mom of the group”. 

Veronica and her son take a selfie

“We have great parents in this program, but I do think it’s harder for mothers because we are the primary caretakers. It’s hard to engage and socialize in the same way as everyone else and that’s a hard reality.”

Nonetheless, Veronica has made great friends in the program and found support through Texas McCombs’ Graduate Women in Business organization, claiming that clubs and organizations were the softer components “that really made me feel like at the end of the day, when I had multiple offers in front of me, that Texas McCombs was the right decision.”

Veronica and other MBA students take a photo outside of the colosseum in Rome, Italy.

Veronica and other Texas McCombs MBA students outside of the colosseum in Rome, Italy on a McCombs+ Global Connections Trip.

Ultimately, Veronica has learned that pursuing her dreams and ambitions while also being a parent is possible. She encourages other women considering an MBA program to go in with clear expectations, understand their resources and support system, and not let the guilt of pursuing their own goals hold them back. As she puts it, “investing in yourself is never the wrong choice.”

Texas McCombs MBA students take a photo in rome, italy.

Texas McCombs MBA students in Italy on their McCombs+ Global Connections trip.

“I think as women it takes an extra level of care to get rid of the self-doubt or guilt about our decisions. Identifying your people is so important. And I’m not just talking about the people who are going to help with your children. I’m talking about mentors and friends who are going to remind you of the long-term vision, the ones who are able to say, ‘I see that you are stressed, and yes this is really chaotic right now, but here’s the bigger picture.’ It’s so important to have those people who can help you zoom out a little bit.

At the end of the day, it’s less about what path you choose or when, it’s what you make out of those life experiences that matters.”

Learn more about the MBA at Dallas/Fort Worth and stay up to date with all things McCombs by subscribing to our newsletter. Follow us on Instagram to see more about student life. If you have any questions, please reach out to MBA Admissions. Hook ’em!

Letter of Recommendation

How To Submit A Successful MBA Recommendation

December 1, 2022 / / Comments Off on How To Submit A Successful MBA Recommendation

The Texas McCombs Working Professional and Executive MBA applications require one professional letter of recommendation from a person who has supervised your work and/or has directly assessed your work performance during your career.  

A recommendation letter is the only component of your application where you rely on someone else to provide information, so it is important that you carefully decide who you will ask to be your recommender. The Admissions Committee uses this recommendation to assess your work capabilities, such as your motivation, contribution, strengths, areas of growth, etc. 

What is in the Recommendation Letter? 

First of all, this is NOT the traditional letter of recommendation you typically think of where someone writes a letter on your behalf to vouch for your professional performance. Texas McCombs uses the GMAC Common Letter of Recommendation. Your recommender will receive a link to assess specific competencies/traits and answer three short-response questions. 

Keep in mind that while there are other programs using this form, some schools will ask a different series of questions.  If you’re applying to more than one MBA, you may be asking your recommender to separately fill out different forms. Make sure they do not copy and paste their responses. 

Who should write your MBA Recommendation? 

Circumstances differ for every applicant and deciding who you should ask might vary.  Below are some scenarios to help guide you in choosing the best recommender for your MBA application. 

Your Supervisor
Your current direct supervisor is traditionally the best choice. This is likely the person in your network that knows your strengths and weaknesses better than anyone else and can speak to your professional capabilities. 

However, in some instances, your current supervisor may not be a viable option for you.  Perhaps you aren’t able to communicate to your employer that you’re applying to business school or you do not work with your direct boss that closely. It could also be that you attained a new role recently and your current supervisor has not had a chance to work with you very long. Or, you’re an entrepreneur and don’t have a supervisor.  

All of these are valid reasons to look for other recommendation sources. If you choose to request a different recommender than your current supervisor, please explain your choice in the Optional Essay. 

Your Former Supervisor
If you cannot ask your current direct supervisor to write your recommendation, maybe you can ask a previous supervisor? Depending on how recently you worked with them, the “old boss” may be the best choice, especially if you had a strong professional relationship with that person. This is the most common alternative option. 

Your Indirect Supervisor
Asking an indirect supervisor can be another option, especially if you’ve worked with this person closely on long-term projects or significant assignments.  This is a nice alternative to a supervisor that you may not work with closely. 

Your Client or Vendor
This recommendation source is typically useful for entrepreneurs or for applicants who work for a family business. If you work for a family business, it is preferred that you ask an individual outside of your family to write your letter of recommendation. 

Mentor or Other Options
Mentors can be from inside or outside of your workplace who have a clear understanding of your professional value. Also, there are many individuals who may fall in the category of “other recommenders.” For example, a former professor, a colleague, or a coach. However, be sure that the person you select has worked with you on measurable tasks and understands your professional experiences to ensure they will provide a recommendation with depth. This is the least preferred option by the admissions committee. 

Other Tips: 

  • Don’t focus only on title – the CEO of a large company may sound like an impressive recommendation, but unless they work with you closely, the recommendation letter will likely fall short of delivering the information that the Admissions Committee is looking for. 
  • Steer clear of asking a direct report (someone who reports up to you) to submit a letter of recommendation. 
  • When it comes to other options, use your best judgment. An undergraduate professor may not be the best person to address some of the questions posed on the recommendation form and the Admissions Committee is looking mainly at your post-undergraduate work experience.   

You’ve chosen a recommender. What’s next? 

First, before asking your recommender to take this on, keep in mind that they are likely a busy individual – be sure to give them plenty of notice prior to the application deadline. 

Secondly, give them a heads-up about your request. You don’t want to blindly email someone and ask them to write something for you without having a conversation. It may be a good idea to revisit certain projects you worked with them on. Most importantly, explain to your recommender why you’re pursuing an MBA. Giving them some context behind your ask will go a long way and will likely result in a stronger letter. 

Finally, make sure you give them all the information on the recommendation before you ask, especially the timeline for when you will be submitting your application. Let them know they will be receiving a link to fill out the recommendation, and that they do NOT need to write a supplemental letter. 

If you have any questions during the application process, we’re here to help. Join us at an upcoming event to connect and learn more about Texas McCombs.  Please sign up for MBA news and follow us on Instagram at @UTexasMBA to stay updated.

Hook ’em!

person's hand holding a pencil on top of an open notebook. Text reads "Writing Your MBA Application Essays - Working Professional and Executive MBA

Working Professional and Executive MBA Essay Questions

October 18, 2022 / / Comments Off on Working Professional and Executive MBA Essay Questions

Your MBA application essays are an important part of sharing your unique story with the Admissions Committee. The most successful essays will thoughtfully address the prompts, clearly communicate why you want to attend Texas McCombs, and authentically share who you are. 

There are TWO required essays for the Working Professional MBA and only ONE required essay for the Executive MBA. Additionally, you can provide an optional essay if there is something you wish to explain about your candidacy that is not addressed elsewhere in your application. 

Texas McCombs MBA Essay 1 – Working Professional MBA only 

Evening MBA, MBA at Dallas/Fort Worth, MBA at Houston 

We want to get to know you beyond your resume and professional experience. Tell us about yourself. You can discuss your upbringing, core values, formative experiences, special talents/interests, etc. Feel free to be creative and share anything that you think the Admissions Committee will find interesting. Select only one communication method for your response.

  • Write an essay (250 words)
  • Share a video introduction (one minute in length)

First, this prompt is purposely open-ended. It grants you the freedom to introduce yourself in a way that is genuinely “you.” Think about what defines you, what energizes you, or an event that has shaped or influenced who you are today. We want to see what drives you outside of your work and career, and that you are well-rounded and have passions in your personal life. 

Don’t forget about the first sentence of the prompt: “We want to get to know you beyond your resume and professional experience.” The Admissions Committee has already read the rest of your application (resume, transcript, recommendation letter, etc.). We want to better understand you outside of your professional life. 

Finally, the choice is yours: written essay or video. We have seen significant success with both mediums and do not have a preference for one over the other. Therefore, play to your strengths! If your skill is in writing, focus on the essay. Make sure there is clear organization and a flow to your essay. If you’re not shy in front of a camera, then record a video. However, for the video submission, we do not advise submitting a photo slideshow; this doesn’t allow the admissions committee to actually see and hear from you, which is really what we are looking for in a video submission. Have fun with either submission and do not take this essay for granted— it can go a long way in setting the stage for your MBA application and creating another great impression. 

Texas McCombs MBA Essay 2 – Working Professional and Executive MBA 

Essay Two provides an opportunity to explain why you want an MBA and why you’re excited about Texas McCombs.

Take time to reflect on your MBA journey and the direction you want to take in your professional career. Explain how the Texas McCombs MBA program will help you realize your professional goals, and how you will contribute to the McCombs MBA community. (500 words)

In your response, we want to understand why the Texas McCombs MBA is right for you, your aspirations and career plans, and how you want to develop yourself both in and out of the classroom. What resources, organizations, classes, and experiential opportunities specifically relate to your career plan? 

TIP: Connect the dots between your career goals and how McCombs will get you there. 

By answering the second part of the prompt, we will learn what you will bring to the program to make it better than when you arrived.  How do you envision yourself becoming an active member of our MBA community? Do you plan on being an active member or leader of a student organization, or even starting a new club? Let us know! 

Make sure to give us specifics. If you’ve engaged with the program, you know there is a lot to look forward to: challenging classes, organizations, student/alumni networking, award-winning professors, unique career-oriented opportunities…the list goes on. Illustrate what attributes of the program you plan to take full advantage of and how you plan to make a positive impact while you are a student. What will be your MBA legacy? Convince us that you have a unique contribution and are indispensable to our community.   

MBA Optional Statement – Working Professional and Executive MBA 

Please provide any additional information you believe is important or address any areas of concern that you believe will be beneficial to MBA Admissions in considering your application (e.g. gaps in work experience, choice of recommender, academic performance, or extenuating personal circumstances). If living outside of the metro area that the program is held in, please provide an explanation regarding your plans to commute or relocate to the program location. (250 words) 

Optional statements should focus on filling gaps or answering questions we are likely to have about you and your candidacy. Remember that it is just that – optional. Only applicants who feel some piece of their profile deserves more explanation should submit an optional statement. This section of the application is not to tell us more about your extracurricular activities or expand upon your personal or professional introduction. While we love to see how excited you are to share additional information with us, the bottom of your resume or your interview are likely better ways to let the Admissions Committee know about additional projects or information. 

Our Top Essay Writing Tips 

  • Take time to reflect, brainstorm, write, and rewrite. It will likely take more than one draft to realize your final submission.
  • Stay on prompt. Make sure you are completely addressing the essay question prompts. If you bypass the actual questions in an effort to tell us something you think we want to hear, you will not provide the information we are looking for. This includes sticking to the word counts and time limits that are given.
  • Keep in mind the reader. They are reading your entire application including your essays, so do not re-use content from one essay to another or assume the reader knows the professional acronyms or jargon from your job.
  • Don’t copy and paste. Do not use the same content for multiple business schools. We can always spot recycled content.
  • Be honest. These essays are our way to learn more about you. Our community values authenticity and we look for essays that reflect your authentic self.
  • Edit and revise. Have someone you trust read over your essays. Those closest to you can provide valuable insights, feedback, and perspectives as you highlight your personal gifts and qualities.

We hope these insights were helpful and gave you some ideas to think about when writing (and rewriting) your essays. Good luck and happy applying! 

Please email us if you have any questions. Join us at an upcoming event to connect and learn more about Texas McCombs.  Please sign up for MBA news and follow us on Instagram at @UTexasMBA to stay updated.

Hook ’em!

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