Author: Texas McCombs MBA (page 2 of 22)

Your MBA Return on Investment

 

Pursuing an MBA is a significant commitment of time and financial resources. At Texas McCombs, we understand that finding the best return on your MBA investment (ROI) is a priority. We are proud to have been consistently named a “Best Value” among Top 20 MBA programs!

In addition to (McCombs) having the lowest tuition and fees out of the top 20 schools for the last two years, McCombs’ grads had the largest gap between how much students made after graduation and how much they owed." U.S. News, 2017

As you evaluate the ROI for business schools you are considering, remember that the benefits of a top-ranked MBA go way beyond the potential for a higher salary.  Growing your professional network, and the expansion of knowledge and skills should also play a role in evaluating  ROI.

 

Expand Your Network

Texas McCombs is a globally recognized brand. When you join the program, you gain priceless membership in a lifelong alumni network that will continue to support and accelerate your career. Our alumni take great pride in giving back to this campus by helping mentor, support – and often hire – Texas McCombs students. Being a UT Austin alumni connects you to the most innovative leaders, thinkers, and doers around the world. You are a Longhorn for life.

The Texas McCombs and UT Austin Network

500,000+ UT Alumni
25,000+ MBA Alumni
100,000+ McCombs Alumni
30+ McCombs Alumni Chapters

 

The Numbers

Of course tuition and living costs are also considered in your ROI. Your individual considerations will vary when it comes to funding your MBA, but it’s always good to note current estimated tuition for the year you plan to start the program, cost of living, and any anticipated scholarships or financial aid.

Texas McCombs MBA Tuition

Current estimated annual tuition rate for the Full-Time MBA is $51,020 for Texas residents and $56,572 for non-Texas residents.

Texas McCombs MBA compares favorably against the national averages of $60,000 & $65,000, respectively, charged by other top 20 MBA programs at public universities. And the average annual tuition rate for private institutions in the top 10 is $72,485.

On average, 40-45% of admitted Texas McCombs Full-time MBA students receive scholarship offers.

Cost of Living in Austin

The cost of living in Austin is less than in many major cities. What costs $1 here is:
$1.56 in New York,
$1.43 in San Francisco,
$1.32 in Boston,
$1.30 in Los Angeles,
$1.29 in Seattle, and
$1.18 in Chicago

Texas consistently ranks as one of the nation’s most favorable business climates. Read more about the cost of living here.

 

Knowledge & Skills

While most graduate programs narrow your subject matter expertise through extensive research activities on a specific topic, an MBA curriculum allows you to learn about a variety of industries and business functions resulting in increased flexibility in potential career paths.

Texas McCombs is currently ranked in the top 3 for Business Analytics, Marketing and Accounting– we are consistently no. 1 for Accounting.  The MBA also offers a new “Leading for Impact” curriculum component to provide focused individual assessment & leadership coaching within your MBA.


The value of your graduate degree is measured in more than dollars and cents. If you have any questions about the opportunities offered at Texas McCombs or how your goals may fit with our program, please reach out to us.

Redesigned Executive MBA
Program Experience Launching Fall 2021

We are excited to announce the Texas McCombs Executive MBA has been redesigned to meet the changing needs of today’s experienced professionals. The new program offers more flexibility and a stronger focus on leadership and organizational strategy. You can learn more about key updates below, which will take effect for Executive MBA students starting the program in August 2021.

More Flexibility

The Executive MBA program structure will offer more convenience and flexibility for busy executives and for those traveling from outside of Austin for the program with two delivery updates:

  • One 3-day (Thursday – Saturday) class weekend per month
  • Program completion in 20 months

The on-campus classroom experience, opportunities for networking, and strong community culture will remain as hallmarks of the program.

Diversified Curriculum

The Executive MBA curriculum will offer additional electives and new course offerings taught by world-class McCombs faculty. Topics have been expanded to give students a broader base of knowledge required for executives with an overall increased emphasis on leadership, strategy, and analytics:

  • Core curriculum additions, including Valuation for Executives, Business Analytics and Decision Modeling for Executives, Strategic Marketing, Strategic Human Capital, and Leading for Impact
  • An expanded slate of elective coursework offers greater customization. In the new program design, students will now take four electives from a choice of ~10-12 courses.
  • Increased leadership content including a new Executive Seminar course, an Executive Crisis Challenge simulation with an emphasis on ethics and communication, and a new capstone course “Leading for Impact” to develop executive leadership through introspection, practice, feedback, and opportunity to drive change in real organizations.

“Market research and feedback from employers helped inform updates to the curriculum and program format. This evolution will prepare our Executive MBA students for what’s ahead and will keep them competitive in high-level executive leadership roles.” 

– Joe Stephens, Senior Assistant Dean & Director of Working Professional & Executive MBA Programs.

Executive Immersions

Each semester will include one Executive Immersion class weekend, which will be held off campus and provide opportunities for in-depth experiential learning. Immersion weekends are currently planned for New York City, Washington, D.C., Dallas, and the Austin-area Hill Country. Each is linked to course content and will include executive/company visits, alumni networking, cultural experiences, and time to network and bond with classmates.

Immersions will provide real-time, real-place exposure, application to what Executive MBA students are learning in the classroom  and will align with semester themes for content:

  • 1st year, fall semester theme: “Language of Business” with Executive Immersion in New York City
  • 1st year, spring semester theme: “Leading in the New Economy” with Executive Immersion in Dallas
  • 2nd year, fall semester theme: “Leading at the Policy Level” with Executive Immersion in Washington, D.C.
  • 2nd year, spring semester theme: “Executive Visioning” with Executive Immersion in the Austin-area Hill Country

“We wanted to be active and present in regions where there is significant business impact and innovation taking place and where students can easily access our strong Texas McCombs alumni network.”

– Joe Stephens, Senior Assistant Dean & Director

The Executive MBA program will also include a 6-day Global Immersion course in the summer between the 1st and 2nd year. The 2022 Executive MBA Global Immersion location is to be determined, but previous destinations include Southeast Asia, South Africa, East Africa, India, Eastern Europe, China, and South America.

Learn More

Sign up to receive Executive MBA news here, and register for an Executive MBA event to meet admissions and program staff, current students, and alumni.

The Executive MBA application for August 2021 is open now, and the final deadline to apply is May 25, 2021.

Learn more on our website, and contact us with any questions at TexasEMBA@mccombs.utexas.edu.

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 was named the No. 1 Best Place to Live by U.S. News & World Report in 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 2021.

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 six Top 10 lists in Princeton Review’s 2021 rankings, including No. 1 Best Campus Environment for the third year in a row!


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!

How to Have a Successful MBA Interview

We understand that if you are planning to apply this application cycle , you may be affected by challenges posed by COVID-19. The University of Texas continues to prioritize your safety and you can stay updated on safety measures and announcements via Protect Texas Together.


After you submit your MBA application, you may receive an invitation to interview.  The weeks after submitting create a new set of questions, especially because of the current restrictions for on-campus visits and virtual interviews. Common questions include:  What interview format options are there? What sort of questions will I be asked? Who conducts the interview? How should I prepare?

Different schools have different interview processes. It’s important to be familiar with how the Texas McCombs MBA runs the virtual interview experience. Be sure to read all confirmation emails and instructions very carefully.

Interviews Are Invitation Only 

Currently, all interviews are being conducted virtually.

Full-Time MBA Program Interviewers
For our Full-Time MBA program, interviews will be conducted by a current MBA student, MBA Alumnus, or MBA Admissions staff.

Working Professional MBA Program Interviewers
For our working , interviews will be conducted by the dedicated Admissions Officer for your program.

If you receive an interview invitation, an email will point you to our online platform and allow you to select an interview time slot that works with your schedule. There is a deadline to complete your interview, so be sure to schedule it as early as you can.

Interview invitations can come at any time during the application round. You will want to check your email (and  your Spam Folder) regularly after you submit your application  so you can  respond to our invitation and secure your preferred time slot.

An Un-Biased Approach  

Going into each interview, our interviewers do not have access to anything about you or your application, except for your resume. (Even so, it’s always a good idea to have a copy of your resume on-hand during the conversation.)

All of our interviewers are fully trained on conducting an interview that is professional, fair, impartial and helpful. Interviews typically last anywhere from 30 minutes to an hour.

Most interviews follow the general framework of introductions, questions from the interviewer for you to answer, then leave time  at the end for you to ask questions about the program and/or application process.

Top Tips

  1. Be On Time: Arriving on time is “Interviewing 101,” yet it still manages to trip up even the most prepared of candidates. Please follow all the instructions in your confirmation email about how to connect with your interviewer.
  2. Test Technology: Virtual interviews are being conducted through Zoom. If you don’t have one already, create a Zoom account. You’ll want to find a good space to conduct your interview, ideally with good lighting, stable internet, and access to a plug. We recommend connecting directly to your internet for the most reliable internet connection.
  3. Pace Yourself: You’d be surprised how many times, at the end of an applicant’s long answer, we are asked to repeat the original question. Most often this happens to people who try to put too much into the first answer for fear of not being given an opportunity later on to address their prepared examples.  Don’t worry, you will have time to get to it.  Plus, there is often an opportunity at the end of an interview to mention anything you didn’t address in the formal line of questioning.
  4. Be Professional But Loosen Up: Given our program’s famously friendly culture, our interviews are relatively informal.  If you still find yourself nervous, practice your answers in front of a mirror or with a friend or colleague and ask them how you did. Did you answer the question? Did you rush through it? Take a moment to outline your answer in your mind first, and then address it calmly and confidently.  Don’t get too comfortable, though. While we’re an easy-going group, maintaining an appropriate level of professionalism is always a good idea. This includes professional language and attire, as if you were interviewing for a job.
  5. Know What We’re Looking For: We listen for confidence, clear and concise communication of career goals, concrete examples of teamwork and leadership, in-depth knowledge of our MBA program, and overall genuine enthusiasm.  Also, the interview can be a place to showcase secondary skills that are difficult for us to determine solely based on your application: interview skills, self-awareness, communication style, and “hire-ability.” Keep these in mind so we can get a feel for the application intangibles.
  6. Come with questions: A good list of questions for your interviewer can illustrate a few key things about you as a candidate: You’ve done your research, you care about our program, you have envisioned yourself as an MBA, and you can formulate coherent thoughts under pressure. We usually leave anywhere from 10-15 minutes for questions, so limit your list to 2-3 good ones and have a few backups.

Some applicants anticipate an interview and feel nervous, which is natural. If you are nervous, here is some key advice: The interview is your official opportunity to share your story, provide examples, and tell us why you chose McCombs like no one else can. Take advantage of this opportunity; It can be just the thing the Admissions Committee needs to understand the rest of your application elements and gives us the chance to get to know you better!


If you have any questions during the application process, we’re here to help. Please visit our website for details on applying to each program and follow us on Instagram for an inside look into the the Texas McCombs MBA.

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! 

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