Category: Full-Time MBA (page 1 of 23)

Navigating MBA Funding Opportunities at Texas McCombs as a Student Veteran

Student veterans bring a unique perspective to the MBA classroom, shaped by their exceptional leadership abilities and experiences gained during military service. Their backgrounds and strategic mindset contribute to dynamic learning environments and deeper discussions. For veterans considering their post-service career paths, pursuing an MBA can be a transformative opportunity to leverage their skills and experiences for professional growth and advancement. Here, we are dedicated to guiding Texas McCombs Military MBAs through this journey and providing the support they need to thrive. 

Why Consider an MBA as a Veteran? 

There are several compelling reasons for veterans to pursue MBAs: 

  • Complement Leadership Skills: An MBA will expand your business and management competencies to complement the exceptional leadership skills cultivated during military service. 
  • Develop Strategic & Analytical Thinking: MBA programs teach innovative approaches to dissecting problems and developing winning solutions that translate to strategic advantages in any field. 
  • Job Mobility & Acceleration: An MBA credential enhances professional advancement opportunities, whether transitioning into civilian roles or seeking to further a military career. The knowledge gained through an MBA program can lead to new opportunities and accelerate career growth.  
  • Improve Assignment & Promotion Prospects: The MBA credential demonstrates a commitment to continuous learning and personal development, positioning veterans for success in leadership roles.  

Is an MBA Worth it for Veterans? 

Pursuing an MBA provides veterans with opportunities to transition into business and civilian workplaces. An MBA clarifies career pathways and opens access to management-track positions that an operational background alone may not offer. The MBA also enables veterans to speak the language of business, boosting their value and versatility across industries and sectors. 

Can I use VA Education Benefits? 

Students admitted to VA SAA-approved programs may choose to use their VA Education Benefits. UT Austin certifies benefit requests for Post-9/11 GI Bill® (Chapter 33), Veteran Readiness and Employment (VR&E Chapter 31), Montgomery GI Bill® (Chapter 30), Survivors’ and Dependents’ Educational Assistance (Chapter 35), and Montgomery GI Bill® Selected Reserve (Chapter 1606) in accordance with VA policies. 

The following benefit types do not pay a tuition benefit but will pay a monthly stipend to eligible students: Montgomery GI Bill® (Chapter 30), Survivors’ and Dependents’ Educational Assistance (Chapter 35), and Montgomery GI Bill® Selected Reserve (Chapter 1606). 

These benefits cover eligible tuition (based on student eligibility percentage) and may pay a book stipend and Monthly Housing Allowance (MHA) stipend:  Post-9/11 GI Bill® (Chapter 33) and Veteran Readiness and Employment (VR&E Chapter 31). 

For details on how to request benefit certification visit UT’s Veteran Certification Veteran Education Benefits website.  

In addition to requesting benefit certification Evening & Executive MBA students: If you are a nonresident or have not yet been classified as a resident, contact the Residency Office (residency@austin.utexas.edu) for questions regarding VA Education Benefits Non-Resident tuition waiver or re-classification to Texas Resident for tuition purposes.

Many top-ranked MBA programs, including Texas McCombs, offer additional financial assistance through scholarships, military tuition waivers, and other funding options. Understanding and maximizing the available benefits can alleviate the financial commitment of pursuing a Texas McCombs MBA.

Monthly Housing Allowance (MHA) stipend considerations: MHA amounts are determined by the VA and vary based on enrollment status. Some months you may have full-time enrollment and full-time MHA. Other months you would have less than full-time enrollment and thus you would receive partial or no payments. It’s essential to understand how enrollment levels may impact MHA payments throughout the academic year.  

For example, if you were enrolled in 10 hours over an entire term and you completed 6 of those hours mid-term, the VA may consider you full-time for the first half of the term and pay you MHA accordingly. The VA would consider you less than full-time for the second half of the term (even though UT considers you full-time for the entire semester) and pay or not pay you accordingly.  

For more information regarding MHA, please contact UT’s Veteran Certification Team (gibill@austin.utexas.edu; (512) 475-7540). 

Out-of-Pocket/Program Waiver Details: The total program cost is itemized by three categories: tuition (generally about 80-85% of the total charges), course materials, and non-tuition fees. For students using Post-9/11 GI Bill® (Chapter 33), the Department of Veterans Affairs will cover your tuition at your percentage of eligibility.  

To supplement the VA’s Post-9/11 GI Bill® (Chapter 33) tuition contribution, our program will apply a waiver to your course materials and non-tuition fees at a matching rate. For instance, if you have 100% Post-9/11 GI Bill® (Chapter 33) eligibility, your tuition and expenses will be fully covered, with the exception of your plane ticket to your Global Academic destination, and any optional items you choose to purchase, such as MBA paraphernalia. 

Hazlewood Act Exemption and Texas Military Waiver: While the Hazlewood Act Exemption is not applicable to all programs, such as the Weekend MBA at Dallas/Fort Worth and Weekend MBA at Houston, Texas McCombs offers the Texas Military Waiver to eligible veterans, providing financial assistance toward program costs. 

Applications for the Texas Military Waiver will require a Certificate of Eligibility, a DD Form 214, and a notarized affidavit (a sample will be provided to you upon admission). Please submit all items to StudentBilling@mccombs.utexas.edu 

Pursuing an MBA as a veteran offers a transformative opportunity to leverage military skills and experiences for professional growth and advancement. Understanding available benefits, financial assistance programs, and application procedures is crucial for veterans embarking on their MBA journey with Texas McCombs. We remain committed to supporting veterans and active-duty military personnel in achieving their academic and career goals.  

For additional assistance or inquiries,
please reach out to:
 
 

UT Austin Veteran Certification 
gibill@austin.utexas.edu
(512) 475-7540 

 

Lanita Hidalgo 
StudentBilling@mccombs.utexas.edu  


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 MBA Class of 2025: Celebrating Growth, Unique Voices, and Accessibility

(Austin, TX) – Here, at the University of Texas at Austin McCombs School of Business, “You Are What’s Next.” The Class of 2025 exemplifies this spirit, embodying our unwavering commitment to excellence, diversity, and innovation. Their achievements are more than just stories; they form the very fabric of our vibrant Texas McCombs MBA community. These very accomplishments mold our MBA program, which includes students from the Full-Time, Working Professional, and Executive MBA programs across our campuses in Austin, Dallas, and Houston, and cement our position as a top-ranked business school.  

With this context, three pivotal highlights define the Texas McCombs MBA Class of 2025 profile:   

🏆 Increasing Demand and Growth in Class Size:

The Class of 2025 at Texas McCombs reflects the growing enthusiasm for our programs in Austin, Dallas, and Houston. Applications across the MBA portfolio surged compared to last year, reaching a total exceeding 2,300 applications, and affirming the popularity of our dynamic community and unique learning environments.

Additionally, our class size has expanded by an impressive 9%, now with 509 incoming students. This growth not only underscores our status as a top choice for business education but also confirms the thriving demand for our programs across multiple campuses.

🏆 Unique Voices and Professional Excellence:

The incoming class celebrates a significant milestone: 25% of the class (as a % of U.S. Citizens & Permanent Residents) is composed of underrepresented minority (URM) students, marking a 7%-point increase. This achievement demonstrates our commitment to diversity and inclusivity, a commitment that extends across all our Texas McCombs MBA programs.

This growth isn’t limited to URM representation alone. Women in the class have also seen a substantial increase, rising to 33% (up 4% points), while the proportion of military veterans has grown to 15% (up 3% points) of the class.The importance of these developments cannot be overstated. The unique voices brought by our students enrich our learning environment and strengthen our academic and professional community. As we continue to grow, these perspectives collectively contribute to the excellence that defines the Texas McCombs MBA experience.

🏆 Cultivating Accessibility and Impact:

Texas McCombs actively contributes to the vision of propelling the University of Texas at Austin toward becoming the world’s highest-impact public university. This year, we welcomed more first-generation students, rising to 20% of the class (up 7% points). This increase spans all five of our MBA programs, demonstrating our commitment to providing accessible and impactful education, particularly to aspiring business leaders who are the first in their families to attend college.

It’s essential to recognize the importance of cultivating accessibility to make an MBA from a prestigious school attainable for first-generation college students. This reflects our dedication to fostering a welcoming community while nurturing the future leaders of business, regardless of their background.  

Full-Time MBA Class Profile 

Applications to the Full-Time MBA program increased, attracting over 1,800 applicants for a class of 241 students. This class brings with them a blend of experiences, with an average age of 29 and a strong average GPA of 3.46. Furthermore, 35% of students identify as female, 8% as LGBTQIA+, and 26% come from international backgrounds, representing 31 countries.  

In addition, the class demonstrates strong diversity within the United States, with 35% identifying as U.S. minorities and 18% as URM. Additionally, 14% of students have U.S. military service backgrounds. This year, we welcomed 37 Consortium members, 60 Forte Fellows, and 15 dual-degree students, further enriching the diversity and breadth of experiences within our class.   

Working Professional MBA Class Profile  

Though unique on their own (see class profiles below), the Working Professional MBA programs at Texas McCombs boast a set of compelling features that collectively define their excellence. With an average age of 31 and a middle 80% range spanning 26 to 37, these programs attract a unique cohort of students, each bringing with them a wealth of professional experience. On average, these students come with 8 years of experience. Impressively, 15% of the cohort possesses military experience, enriching the class with a unique perspective.  

Academically, our working professional students maintain a high level of excellence with an average GPA of 3.36. Working Professional and Executive MBA candidates have several options when considering how to complete the standardized test requirement as we accept GMAT, GMAT Focus, GRE, Executive Assessment (EA) score, or a test waiver. The incoming class brings an average GMAT score of 654 and an average GRE at 312.   

Executive MBA Class Profile

The Executive MBA program at Texas McCombs comprises 63 accomplished individuals, with 29% female representation. The class includes people of various backgrounds, with 42% identifying as U.S. minorities and 25% as URM, while 21% have backgrounds in U.S. military services. This experienced group boasts an average of 15 years in the workforce. Although standardized test scores aren’t required, the program values various factors, including leadership experience and personal impact, evident through their average 8.5 years of management experience.  

 

Notably, 27% of the class consists of first-generation students, offering unique perspectives. The class represents 21 cities in Texas and 9 states, with a strong presence from technology, healthcare, and energy sectors, enriching the Texas McCombs MBA experience 

The Future of Business Leadership 

The Texas McCombs MBA Class of 2025 is not merely a reflection of our program’s excellence, but an embodiment of our vision for the future. The increase in applications and class size, coupled with the growth in underrepresented minorities, women, and military veterans, showcases the program’s appeal and its role as a leader in the ever-competitive MBA landscape. At the same time, we’re proud to note that standardized test scores and GPAs remained strong, ensuring that academic excellence is a hallmark of our program. Additionally, the rise in first-generation students underscores the university’s commitment to making high-quality education accessible to all. With this class, Texas McCombs continues its journey towards becoming the world’s highest-impact public business school. It’s an exciting step toward the future where you, as a vibrant part of our community, will be what’s next in business and beyond. Your journey to excellence begins here. 


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!  

Exploring Scholarships
and Loan Options

We understand that pursuing your MBA at a top school is a big investment in your future.  As you explore ways to further your education and accelerate your career trajectory, we invite you to think about defining your own  return on investment (ROI).  Are you looking for a promotion or salary increase?  Or are you searching for a new challenge or a way to align your personal and professional aspirations? It may be all of the above, so define your ROI as you consider an MBA for your academic and professional future.  

Texas McCombs is ranked No. 20 and is one of the most affordable MBA programs compared to the other top 20 programs in U.S. News and World Reports Top 20 Business Schools of 2023. Tuition is $52,550 for Texas Residents and $58,720 for residents out-of-state. 

Bar graph that highlights that Texas McCombs has the most affordable tuition cost compared to the top 20 business schools ranked by U.S. News and World Report, 2023

To make your MBA future more attainable, Texas McCombs provides financial assistance to many students to help cover the  cost of education. The most common financial assistance comes in the form of student loans, but other options may help fund your MBA. We invite you to review the options below to help facilitate your personal ROI for your MBA.  

Recruiting Scholarships

Texas McCombs offers merit-based recruiting scholarships funded through the generous support of individual donors and corporate supporters. All applicants are automatically considered for recruiting scholarships during the admissions review process. Recruiting scholarships are offered to domestic and international candidates who demonstrate a superior record of academic merit and professional accomplishments.  

The MBA Program’s scholarship funding varies from year to year, thus the percentage of students who receive scholarships will also vary from year to year.  This past admissions cycle, 77% of Admitted Full-Time MBA students received scholarship offers.  Scholarships range from $2,000 to full-tuition awards.  

For International candidates, 86% of enrolled students received scholarship offers.  

Banner that represents scholarship info: 86% enrolled international students received scholarships; 77% admitted students received scholarships; $21,000 average scholarship amount awarded; $20,000 median scholarship per year.

In tandem with our recruiting scholarships, McCombs partners with Bay Area for McCombs, Consortium for Graduate Study in Management, Teach for America, Forté Foundation, and Reaching Out MBA to allocate selective scholarship and Fellowship designations to top admitted candidates.  

2nd Year Student Scholarships 

At the end of the first year, Full-Time MBA students are invited to apply for a continuing student scholarship for their second year. These awards typically range anywhere from $1,000-$5,000. The 2nd Year Full-Time MBA Scholarship awards are given based on a students academic performance, leadership, and involvement during their first year in the program, as well as financial need. 

Institutional Scholarships 

The UT Austin Office of Scholarships and Financial Aid (OSFA) administers institutional endowed scholarships for continuing students.  First-year MBAs may qualify for these scholarships and can begin applying in November of their first year.  Students should review the specific criteria and application procedures carefully and reach out to McCombs Financial Aid with any questions.  

Federal Loans 

Many students are eligible for federal student loans and, in some cases, grants. You must complete a Free Application for Federal Student Aid (FAFSA) to determine your eligibility. This year, the FAFSA for the 2024-2025  school year will be available in December 2023 with a priority deadline of March 15, 2024. It is recommended you have your FAFSA completed by June 1, 2024. Students who are eligible to complete the FAFSA are U.S. Citizens, Permanent Residents, and other eligible non-citizens

Private Education Loans  

Private/alternative loans are not offered by federal or state governments. As a result, the terms of the loan will vary from lender to lender. If pursuing a private loan, check with your lender about the length of time your application will remain valid to ensure your approval won’t expire before you actually start the program. 

For ethical reasons, the McCombs MBA Financial Aid team cannot recommend any private lenders but will work with all banks and lending institutions once you’ve been approved. If you have any questions about the loan, please contact the lender.  

Loans for International Students 

For international students, there may be private loan options, with or without a U.S. citizen or permanent resident co-signer. (Note: We, as The University of Texas at Austin, cannot be your co-signer, nor can we recommend any specific lenders.) The student-run International MBA Student Association (IMBASA) is a good resource for information about pursuing an MBA as an international student. You are encouraged to reach out to IMBASA with any questions.  


Most students finance their MBA education using multiple sources— a combination of personal savings and loans and, in some cases, scholarship funding. Before you apply to business school, do research on how to finance your education, please reach out to the MBA Admissions Team with any questions. 

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 Texas McCombs MBA. 

Good luck and Hook ’em! 

What Round Should I Apply In?

The 2023-2024 Full-Time MBA application is now open!  

We usually receive lots of questions about application deadlines and whether or not it matters whenyou submit your application– Round 1, 2, 3 or 4. Timing is a key factor in your overall application strategy. A lot of details go into deciding which round to apply, and one answer is not right for everyone. So, let’s break it down by round so you can get a clearer picture of when might be the best time for you to hit “Submit.”  

Round 1 

Round 1 is a good choice for a couple of reasons:  

  1. It is our first priority scholarship deadline – If you want to be considered for all merit-based scholarships, Round 1 is your best shot. As each round closes, our scholarship funding pool decreases. 
  2.  All of our spots are still available! Plus, historically we’ve received fewer applications in Round 1 than in Round 2.  

You should NEVER rush to submit your MBA application simply to take advantage of “more spots” or “more funding.”  

Once you submit your application, you cannot “re-submit” a stronger application in a later round for the same term of entry. If you skip important preparation, including formal test prep, articulating your “why MBA,” or conducting research just to be able to submit in Round 1, you could end up with a test score and application that doesn’t reflect you at your best.  

In any case, submitting in Round 1 might not be a good idea, especially if you know that you can improve a component of your application. Waiting to apply until all aspects of your application are strong is always the best approach.  

Round 2 

If we filled up the class in Round 1, the Admissions Committee might be out of a job by February. Round 2 is traditionally our largest round and Texas McCombs receives many strong applicants in this round. Scholarships and fellowships are still available and all information and data included in your application help the Admission Committee allocate scholarship awards.  

Applying later is okay! A strong application will stand out in any round. 

Round 3 or Round 4 

Our later rounds – Rounds 3 and 4 – tend to have a much smaller volume of applicants than the first two rounds. Many applicants in Round 3 or 4 simply didn’t realize an MBA was an option or on their radar until later in the application cycle. Historically, we always have spots available late in the cycle (which is why we have these later rounds!), but each year the number varies.  

We can’t say it enough– A strong, complete, well-researched application always stands out.  

Before you hit “Submit,” points to keep in mind:  

  • Submit your application only when you’re 99.9% ready. Supplemental application materials submitted after a round deadline are incredibly risky since there is no guarantee the Admissions Committee will see them. Once your file is read, we will not re-review again based upon new information received post-deadline.  
  • Don’t wait until the last minute! We are not able to accept applications submitted after 11:59pm CT on the day of the deadline. Technical difficulties impact applicants every round, every year. Stay aware of deadlines the best you can. In the interest of a fair process, we don’t make exceptions to our deadlines, no matter what reason you have for a late submission.  
  • Be patient. The Admissions Committee does not begin reviewing applications until the round deadline has passed. In other words, you might be far ahead and submit your application in August, but we won’t begin reviewing any submissions until after the Round 1 deadline in October. 
  • The Admissions Committee does not provide individual feedback on applications, out of fairness to all applicants and due to the volume of requests we receive.  

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 Texas McCombs MBA. 

 

Good luck and Hook ’em!

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