Category: Career Resources (page 1 of 8)

Mastering the Employer Sponsorship Conversation,
As Told by Current MBAs

Pursuing an MBA while working full-time allows you to immediately apply new skills and knowledge to drive your career forward. For those considering an MBA program, seeking employer sponsorship can supplement your financial planning and make a top-ranked program more accessible. The Texas McCombs School of Business offers Evening and Executive MBA options in Austin, and Weekend MBA programs in Dallas/Fort Worth and Houston, all catered to working professionals, giving you the the ability to complete your advanced studies without career disruption. As you consider Texas McCombs and determine how to fund this investment, here’s how to have an effective conversation about receiving tuition support from your company.  

First, employer tuition sponsorship refers to companies funding all or part of an employee’s graduate school costs. This usually includes tuition reimbursement up to a set amount per year. It may also cover textbook purchases, travel for residencies, and time off to study and attend classes.  

Securing MBA employer sponsorship can be advantageous for both employees pursuing further education, as well as for companies supporting their staff. Some key advantages include:  

Benefits for Employees Benefits for Employers
Reduce out-of-pocket education expenses Improve talent retention
Position yourself for a promotion Encourage professional development
Gain skills to help you advance Gain employees with upgraded skills

Initiating the Sponsorship Conversation 

When looking to secure employer support for an MBA program, it is strategic to lay the groundwork with your manager early on. A current Dallas MBA student said, “My biggest piece of advice is to start the conversation with your manager about your MBA early on. Once I started doing research, I sought out my manager’s advice. We discussed my decision criteria, whether it was the right time to go, etc. This way, when it came time to talk about employer support it was 1 – not a surprise and 2 – came from a place of furthering my career, which is beneficial for both parties.” 

When the time comes to formally request financial backing, prepare specifics on your program of interest and anticipated costs. Antonio Hung (MBA at Houston) took this approach by first getting organized and gathering all the information possible.

“First, I made sure to understand our company’s sponsorship policies, then I set up a face-to-face meeting on a Friday afternoon with my manager to talk about my career goals and how pursuing an MBA could benefit both me and the organization. I was honest and transparent about my ambitions and how the program could contribute to our mutual success.”

The most compelling case ties your development to benefits for your employer. As Michael De Lucia (Evening MBA) did, “I explained that I thought getting my MBA would help me to be a more effective leader and build more core competencies that would directly benefit our team.” He connected his request to previous career path discussions showing how the MBA aligned with his roadmap, and highlighted how bringing back knowledge could aid his team. 

Tips for an Effective Discussion 

Having an organized, compelling case for tuition assistance is key to securing employer sponsorship. Useful strategies include: 

  • Looking at our curriculum to find specific classes/opportunities that McCombs provides that would benefit your company’s objectives and help you improve or advance in your role
  • Highlight the access to expert faculty and a wide range of other business professionals to learn from and to help you spark new ideas
  • Emphasize the strength of the Longhorn Network of students and alumni. This can come in handy should your company have openings they need to fill
  • Quantify the anticipated return on investment and performance benefits 
  • Align your goals to your manager’s career plans for you
  • Start the conversation early while applying, when your reasons for pursuing an MBA are fresh 

In my case, the areas I wanted to develop through the MBA were roughly the same developmental areas that I knew were going to get me on a better trajectory inside my current company, so I leveraged some of the same talking points from my application and my essays to talk to my manager about it,” said Giuliano Seguro (Evening MBA). “I also anchored on the example of peers and other people at the company that also had done an MBA and how it affected their trajectory within the company. One thing that really helped was introducing my manager to the managers of these other peers that had gone through the MBA so that my manager could understand from someone in their position what was like for them to have someone on their team that had gone through a similar program.” 

Addressing Challenges &
Managing Expectations

Your manager may be hesitant for reasons like budget restrictions or concerns about work disruptions. Be ready to make a case by highlighting your past performance. Offer reasonable accommodations like using vacation time to attend residencies or making up hours spent in classes. 

One of the more significant challenges I encountered during my MBA was a change of reporting lines,” said Kelly Benda (MBA at Houston). With the managerial change, I needed to be sure that my new manager was not only aware of the sponsorship agreement, but also supportive of the associated time commitment. To make sure each transition went smoothly, I initiated the discussion early.Every manager is different, but transparency was always the priority. I outlined the time commitments and potential impacts to my schedule and work. In some of my roles, my job included some weekend operational support, so I was constantly communicating with my manager when I was concerned about any conflicts with the weekend class schedule.”

Once sponsorship is secured, it’s vital to proactively manage expectations. Schedule regular check-ins with your manager to discuss program updates, workload changes, and potential flexibility needed for exams or course commitments. Come prepared with clear talking points and be transparent about any struggles so you can collaboratively problem-solve.

Seguro emphasized overcommunication: “I made sure that nothing came as a surprise to my manager at any time during the program. I had to get out of my comfort zone and learn to ask for help when needed. My manager knew what was going on with my MBA at all times and whenever I needed to re-balance priorities at work to fit the MBA and vice-versa, we were always able to find a solution together.” 

Share what you learn in the classroom with your manager and team. Not only does this benefit your team with the latest research on a topic, but it also demonstrates the value your employer is gaining by sponsoring you in the program. Often you will have the opportunity to use a team project assignment in class to solve an issue for your company. Look for these opportunities to showcase the benefits your employer is gaining through your experience and connections. 

I had a frank conversation with my manager on what I thought I would be able to reasonably take on while pursuing my MBA and they were candid in their expectations towards me. I detailed out the structure of the program (e.g. class Monday & Tuesday) and how I would be unavailable during those times but offered that I would be able to make up for that later in the week should it be needed,” DeLucia said. “My manager set the expectation that I prioritize and get my work done on time and that if there were things that I was struggling with bandwidth-wise that I would communicate and be upfront about it.”  

How Sponsorship Shapes Your
Career Trajectory
 

Securing employer assistance for MBA tuition not only eases financial barriers but influences career growth in meaningful ways. By backing educational investment in their people, companies open up expanded advancement routes and signal retention priorities. 

As Hung shared, it “gave me the confidence to pursue a working professional MBA without compromising my career trajectory. It reinforced my commitment to personal and professional growth while strengthening my alignment with the organization’s goals.” When companies invest in tuition assistance, it signals retention plans and advancement potential. 

For DeLucia, getting sponsorship approval “solidified that I would be able to successfully pursue the degree financially” and served as a catalyst. By easing the monetary constraints, he could accelerate his timeline and optimize his learning. 

The fresh knowledge gained also opens up new trajectories internally. As Seguro experienced, support enabled realizing “there was still runway for me to grow inside the company in areas I didn’t think possible before the MBA.” New business perspectives connected opportunities to pivot roles. 

As Matt Bowen (Evening MBA) summarized, sponsorship facilitates “this great synergy where what you learn on Monday, you can apply on Tuesday and what is learned on Tuesday gets applied on Wednesday, and so on.” When companies sponsor tuition, they reap the benefits of elevated employee skills and can quickly apply emerging lessons at work. The outcome is growth and mobility for both sponsored professionals and their supportive employers alike. 

Pursuing an MBA while maintaining your career is a challenging yet rewarding path that leads to immense personal and professional growth. By securing employer sponsorship, financial barriers can be reduced, and unique opportunities unlocked. With transparent communication, shared vision, and ongoing collaboration, employees and companies together reap the multitude of benefits from this valuable investment. The outcome is strategically aligned career progression, optimized talent development, and synergistic gains on both sides. Now equipped with tips for securing sponsorship, you can confidently initiate the conversation and put plans in motion to propel yourself toward your next-level goals. 


Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.

Hook ‘Em!

Texas McCombs Full-Time MBA Class of 2023 Sets New Records in Employment Outcomes

Students in the Texas McCombs Full-Time MBA Class of 2023 accomplished remarkable success in their post-graduation employment outcomes. Among the 271 students who matriculated in the Full-Time MBA Class of 2023, an impressive 90% received job offers within three months after graduation and 89% accepted these positions, contributing to the attainment of the highest average base salary in school history – $157,735, making a significant 9% increase from the preceding year.

Click here for a detailed overview of the Texas McCombs Class of 2023 Salary Statistics.

This year’s key insights highlight the unique and exceptional achievements of our McCombs MBAs. They secured positions across a spectrum of 12 different industries, showcasing the comprehensive interests and adaptability of our students. The consulting function, in particular, saw a significant uptick, with 44% of our graduates entering full-time careers in this field.  

Moreover, 74% of acceptances were in consulting, financial services, and technology combined. Recognizing the exceptional talent in our McCombs 2023 graduates, 4 out of 5 Fortune 5 companies hired graduates for key positions within their organizations.   

Facilitating this success, the Texas McCombs Career Management and Corporate Relations (CMCR) team plays a pivotal role in preparing students for their job search. The team provides a strategic planning course, coaching appointments with school career consultants and industry experts, and career workshops, among other events and experiential learning opportunities. 80% of graduate offers were obtained through school-facilitated resources, underscoring the strength of McCombs’ career management initiatives.

Specifically, the Strategic Career Planning course equips students with skills needed to compete in various industries, combining theoretical frameworks with practical market insights gained from employer recruiting support. Delivered in year one of the MBA experience, this course aids students in building a strong career foundation. It progresses students through their Career Management Framework, helping MBAs evaluate their priorities, assess the job market, develop a personalized plan, and ultimately launch their overarching career strategy.  

90% Offers Received 3 months after graduation 89% Offers accepted 3 months after graduation

Reflecting the exceptional accomplishments of the Class of 2023, we proudly announce a historic milestone – the highest average salary in school history, reaching $157,735. Additionally, the average signing bonus stands at $32,915, marking a 6% uptick from 2022.  

$157,735 - Average Salary Reported by 177 Students, $32,915 - Average Signing Bonus reported by 140 Students

Examining job acceptances by industry reveals the wide-ranging success of our graduates. A substantial 43% of acceptances were in consulting, 16% in financial services, and 15% in technology. Noteworthy growth was observed in consumer-packaged goods (6%), energy (5%), retail (4%), and manufacturing (4%).  

Acceptances by Industry 43% Consulting, 16% Financial Services, 15% Technology, 6% Consumer-Packaged Goods, 5% Energy, 4% Retail, 4% Manufacturing

We are so thankful to the entire Texas McCombs community of faculty, staff, employers, and alumni who have played a valuable role in helping our MBAs achieve impressive outcomes. The Texas McCombs Full-Time MBA Class of 2023’s journey has been marked by outstanding achievements, industry diversification, and a continued commitment to excellence. As we reflect on these accomplishments, we look forward to witnessing the continued impact our graduates will make in various sectors.  


Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.

Hook ‘Em!

Texas McCombs Working Professional MBA Class of 2022 Career Outcomes

The Texas McCombs Working Professional MBA offers a leading pathway to career advancement or transition without career interruption, according to Class of 2022 employment data. Embarking on a transformative journey, students in the Evening MBA, Weekend MBA at Dallas/Fort Worth, and Weekend MBA at Houston, have not only weathered the challenges of the business landscape during the pandemic but emerged with career outcomes that underscore the program’s commitment to excellence

Impressive Salary Outcomes 

The financial rewards of a McCombs MBA are evident in the Class of 2022’s salary average, which falls between $140,000 – $149,000. This figure not only reflects the competitive edge our graduates hold in the job market but also reinforces the program’s return on investment 

Graduates experienced an average base salary increase of +45%, not including bonuses, a testament to the program’s commitment to advancing the professional and financial goals of its students.  

Elevating Job Roles 

Beyond financial gains, the shift in job roles is equally remarkable. The percentage of graduates in senior or executive-level positions increased from 51% before school to 66% post-graduation. McCombs MBA alumni are not just climbing the corporate ladder; they are reshaping its summit, assuming leadership roles that drive innovation and impact.  

Top Industries of Employment  

The variation of interests within the Class of 2022 is reflected in their industry choices. Among the 140 students who reported their career outcomes, technology emerges as a dominant industry with 29%, followed closely by consulting at 24%. Manufacturing, energy, and financial services also play significant roles, comprising 10%, 10%, and 8% of outcomes, respectively. These results underscore the adaptability and applicability of a Texas McCombs MBA across various industries.  

pie chart that shows the stats above. Technology - 29% Consulting - 24% Manufacturing - 10% Energy - 10% Financial Services - 8%

Behind these outcomes stands the unwavering support of our dedicated career management team, a force recognized by our #1 ranking in Poets&Quants Best Career Centers (Poets&Quants, 2019). Committed to guiding each student through their unique career journey, our team employs a tailored approach that encompasses:  

  • Career Advising: Each student receives one-on-one guidance, ensuring their career strategy aligns with their aspirations.  
  • Employer Connections: Building meaningful connections is integral to success. The team facilitates networking events, career fairs, and industry-specific meetups to enhance students’ professional networks. 
  • Specialty Coaching: As part of the Texas McCombs+  program, students have access to communication and specialty coaches – seasoned experts who are ready to work with them one-on-one to refine skills in communication, leadership, strategy, organizational culture, and much more. 
  • Education & Training: Students learn how to successfully transition into a new career or accelerate their current one through our career education courses. Taught by knowledgeable professionals, and with a curriculum custom-built for working professionals, these classes cover a variety of career-related topics—from networking to interviewing to negotiating.  
  • Alumni Network: Following graduation, students join a powerful network of Longhorn alumni that expands throughout Texas and around the world.  

“Our Working Professional MBA Career Education and Coaching team provides our students with an elite and comprehensive journey to explore, prepare and connect with career opportunities that align with their goals. This experience, combined with an interactive and engaging teaching style, includes practical application and allows our students to create their own customized success upon graduation and beyond,” said Stefani Sereboff, Senior Assistant Dean, Career Management & Corporate Relations. “We are committed to creating a McCombs exceptional student experience and supporting careers for life.”

As we celebrate the achievements of the Working Professional MBA Class of 2022, we look forward to witnessing the continued impact of the McCombs MBA on future cohorts. Their success is a testament to the collaborative effort of our outstanding faculty, accessible alumni, dedicated staff, and of course, the incredible students who make the Texas McCombs MBA experience truly exceptional.  


If you have any questions about Texas McCombs, 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 Texas McCombs MBA. 

Good luck and Hook ’em! 

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

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.

Full-Time MBA Class of 2022 Achieves Employment Heights, Beats School Record in Average Base Salary

(December 1, 2022) – Austin, Texas – After navigating the past couple of years of disruption and uncertainty from the pandemic, the Texas McCombs Full-Time MBA Class of 2022 achieved strong outcomes, securing an average base salary of $144,564, the highest in school history.

Brittany Tyree, managing director of career education and coaching, attributes these successes to the robust job market and students’ preparedness and engagement with McCombs Career Management and Corporate Relations (CMCR) resources.

The Texas McCombs career management team’s approach to helping students prepare for their job search includes a strategic career planning course, coaching appointments with school career consultants and industry experts, and career workshops, among other events and experiential learning opportunities.

The strategic career planning course, delivered in year one of the MBA experience, aids students in building a strong career foundation. The course progresses students through the Career Management Framework, helping MBAs evaluate their priorities, assess the job market, develop a personalized plan, and ultimately launch into their overarching career strategy.

Of the 241 students who matriculated in the Texas McCombs Class of 2022, 95 percent received a full-time offer within 3 months post-graduation and 93 percent reported accepting the employment offer, the latter consistent with the previous graduating class.

Graph on employment trends

As previously mentioned, the recent graduating class saw an impressive increase in average base salary to $144,564, up 11 percent from 2021. The class also experienced a 10 percent jump in signing bonuses, averaging $31,178.

Average Salaries and Signing Bonuses Chart

Consulting, financial services, and technology industries continue to attract Texas McCombs graduates, in fact, interest and job acceptances in these professional industries grew 10 percent since 2019. Although technology was the top hiring industry (32 percent) among the graduating class, consulting achieved the highest increase in job acceptances (30 percent), a 7 percent increase from the previous year. The financial services (18 percent) and real estate (5 percent) industries followed.

Similar to the previous year, Texas McCombs MBAs continue to remain interested in the consulting function, especially as the market demand for professional services increased. Given the CMCR team’s emphasis on educating students about various career path options, students were also well positioned to secure impactful roles throughout technology.  More specifically, 32 percent accepted employment in technology, securing roles in marketing, sales, operations, finance, and general management. Worth noting, 74 percent of the Class of 2022’s offers were obtained through school-facilitated career resources.

Industry Trends Chart

Overall, there are several players to recognize, who helped prepare our graduating class with the right tools and experiences, allowing them to quickly distinguish themselves. Our connected 100,000 Texas McCombs alumni across the globe whose mentoring and contributions shape their communities. Our recruiters and corporate partners who consistently return to campus to recruit our talent prepared for a lifetime of impact. Lastly, our word-class faculty and talented career consultants for providing a strong support system and customized career development to the Class of 2022.

Click here for an overview of the Texas McCombs Class of 2022 Salary Statistics.


Visit Texas McCombs MBA to learn more about our programs and upcoming events, or take a peek into student life on Instagram. Please reach out to the MBA Admissions Team with any questions.

Hook ‘em!

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