Full-Time MBA Application Tips – Page 3 – Texas McCombs MBA Insider

Category: Full-Time MBA Application Tips (page 3 of 4)

Full-Time MBA Application 2023-2024 Updates and Changes

What’s New in the 2023-24
Texas McCombs Full-Time
MBA Application

Texas McCombs is delighted to unveil the 2023-24 Full-Time MBA application deadline and components, featuring significant updates that reflect our dedication to reducing bias, fostering inclusivity, and improving accessibility in the admissions process. We are excited to offer an extended application submission window, including our Round 4 deadline, providing applicants with more time to carefully prepare and submit their materials. Additionally, in recognition of the unique profiles of our applicants, we are expanding our standardized test options to include the GMAT Focus, GMAT, GRE, and Executive Assessment, and ongoing merit-based test waiver.

As part of our commitment to enabling applicants to showcase their unique voices, we are bringing back the video assessment component and introducing an optional peer interview, providing enhanced avenues for self-expression as well as authentic conversation. These updates aim to create an inclusive and welcoming admissions experience, ensuring prospective students have an equal opportunity to shine and contribute to our vibrant community at Texas McCombs.

APPLICATION COMPONENTS FOR THE 2023-2024 ADMISSIONS CYCLE

Our Admissions Committee dedicates itself to a meticulous, holistic review of each application. Our objective is to determine if you are a good fit for Texas McCombs and to be sure we are the right school for you and your goals. There are no fixed criteria or weighted portions of the application. Unless otherwise noted, the following application components will be required this cycle:

Standardized Test (GMAT, GMAT Focus, GRE, Executive Assessment) or merit-based waiver
English Proficiency Test (TOEFL, IELTS) or waiver (international students only)
Undergraduate transcripts and graduate transcripts (if applicable)
Resume
One Professional Recommendation
One Written Application Cover Letter
Video Assessment
Optional: Peer Interview

APPLICATION DEADLINES

Applications for the Full-Time MBA program are accepted in four rounds, and the program enrolls annually every August. Applications must be submitted by 11:59 PM Central Time on the deadline date for each round.

Round 1: October 10, 2023
Round 2: January 5, 2024
Round 3: March 26, 2024*
Round 4: May 9, 2024

*Final deadline for international applicants.

STANDARDIZED TESTING REQUIREMENTS

To provide MBA candidates with additional flexibility, applicants have more options than ever before when considering how to complete the standardized test requirement in their application. All applicants are required to submit a GMAT, GMAT Focus, GRE, or Executive Assessment (EA) score. We will waive the testing requirement if:

Expired (taken 5+ years ago) GMAT, GRE, or EA score is submitted
General Test Waiver (merit-based) is approved

Standardized exams like the GRE, GMAT, GMAT Focus, and EA help us to evaluate a candidate’s academic preparedness for the rigor of business school and is also one metric used to compare candidates within a large pool of applicants. However, there are some scenarios where a candidate’s application might shine without the standardized test. Learn more about the criteria required to apply for a general test waiver.

Once the GMAT Focus is launched in late fall, Texas McCombs will accept both the current GMAT test type and the new GMAT Focus test type.

Note that the majority of applicants applying to the Full-Time MBA program take either the GMAT or the GRE due to the competitiveness of the pool. In many cases, having a strong GMAT or GRE score will make you more competitive for both admission and scholarship opportunities.

APPLICATION COVER LETTER

The application cover letter is a critical means of learning who you are as an applicant and assessing your communication and writing skills. Here is the prompt to help guide you in writing the application cover letter:

Please write an application cover letter summarizing your aspirations, qualifications, and personal and professional experiences that make you a strong candidate for the Texas Full-Time MBA program.

LIMIT: 500 words

Additionally, and if applicable, applicants can provide an optional statement in the essay section of the application. Applicants should only provide an optional statement if there is something they wish to address about their candidacy that is not addressed elsewhere.

VIDEO ASSESSMENT

Texas McCombs has always been at the forefront of innovation and continuous improvement, consistently seeking new ways to enhance the application process for prospective MBA candidates. In line with our school mission and values, we introduced a dynamic video assessment component as part of the 2022-23 admission cycle, offering an alternative approach to a more traditional essay and interview format. Given all applicants will complete the video assessment, MBA candidates will have increased access to the application process and the opportunity to share their stories with us in their own voice. Through the video assessment, the Admissions Committee will have a chance to experience the “real” you, beyond a resume, test scores, and transcripts. Lastly, the video assessment will enable Texas McCombs to reduce bias in the admissions process by providing all applicants with a structured and consistent assessment experience.

MBA candidates with a submitted application, whose application fee has been paid or waived will be invited to take part in our Texas McCombs Video Assessment. Each applicant will have 7 days from the invitation to complete the assessment. The video assessment is asynchronous and will help the admissions committee evaluate your career goals and the following competencies that are crucial for the fit and success of our students within the program and their future careers:

Adaptability/Resilience

Empathy/Inclusivity

Ambition

Goals

Well-Roundedness

Verbal Communication

Professionalism/Poise

Each video assessment will start with a fun, non-evaluative question that will help the admissions team learn who you are as a person, then applicants will be asked 4 additional questions, for a total of 5 responses, with each response lasting no more than 90 seconds each. Detailed instructions will be provided with the video assessment invitation so you know what to expect, and applicants will have the opportunity to practice as many times as they wish before completing the final video assessment.

This is your time to show us your personality and enthusiasm! We recommend that you prepare for the video assessment similarly to how you might prepare for an interview. Think reflectively about your work experience, strengths, weaknesses, and work on your delivery.

OPTIONAL: PEER INTERVIEW

One of the most vital parts of the MBA application process at Texas McCombs is the human component – “Human-Centered, Future-Focused” is our mantra for a reason. We pride ourselves in getting to know you at a personal level during the admissions process and will continue to provide hundreds of virtual and in-person ways for you to meet our students, alumni, faculty, and admissions team.

We invite all MBA applicants to close out their application process in a human-centered way and complete a short, optional virtual interview. While not required, registering for and completing an interview is highly encouraged.

These interactive virtual sessions present a valuable opportunity for our applicants to connect with Full-Time MBA students, showcasing their collaborative skills, reaffirming their motivation for pursuing an MBA and leaving a lasting positive impression on Texas McCombs.

The optional interview will last 20-30 minutes and are available throughout the round. The student ambassador will introduce themselves and ask you up to 3 questions that focus on collaboration and your motivation. The rest of the time is yours to ask 2-3 questions that are top of mind.

OUR COMMITMENT

These enhancements to our application components exemplify our commitment to a human-centered, future-focused approach. We deeply value each candidate’s individual journey and recognize the potential they bring to our program. Join us at Texas McCombs as we shape a class of talented individuals with various perspectives, pioneering a path toward a brighter and more impactful future in business education.

Learn more about the MBA Application Components.

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

Good luck and Hook ’em!

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 / Texas MBA Admissions / Comments Off

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.

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.

Admissions Announcement: Texas McCombs Full-Time MBA Adds Round 4 for Fall 2023 Entry

February 20, 2023 / Texas MBA Admissions / 3 Comments

The Round 3 application deadline to the Texas McCombs Full-Time MBA program is slated for March 28, 2023. However, economic uncertainty has impacted many prospective students around the world. With many prospective students facing layoffs or uncertainty in their professional situation, our team believes an additional application round will be helpful for those needing a little more time to work on their application and evaluate their next professional step.

In response, Texas McCombs will add a fourth round to the Full-Time MBA Class of 2025. The Round 4 application deadline is Thursday, May 11, 2023.

Stacey Batas, Director of Full-Time MBA Recruiting and Admissions, provides insight on the addition of a new application round and advice for navigating the application.

Who is eligible to apply in Round 4?

Any U.S. Citizen or Permanent Resident of the U.S. is eligible to apply in the new round. Round 4 is not open to international applicants due to issues with visa documentation timelines.

Are you still offering application fee waivers or test waivers to Round 4 applicants?

Yes! We have one more application fee waiver-eligible event, open to both Round 3 and Round 4 applicants in this application cycle. In order to obtain the waiver, you must register for and attend our Application Overview Virtual Session on March 7 at 8AM CT. Register here.

As with other rounds, test waiver petitions are also available and can be found on our website. If you are considering applying in Round 4 and would like to submit your application without a GMAT, GRE or Executive Assessment exam, please read this document carefully to see if you’re eligible and submit the waiver form by no later than May 4, or 7 days before the deadline.

Are there still financial aid or scholarship opportunities available to Round 4 applicants?

It’s hard for the admissions team to predict merit-based scholarship availability for future rounds, since it depends on how many scholarships we have to award at that point in the cycle. Admitted students will be notified within their acceptance letter if they receive any merit-based scholarship funding from McCombs.

How will Round 4 work? When will decisions be released?

Round 4 will work much like our other rounds – you need to submit your application by 11:59 PM CT on May 11, 2023.Decisions will be released on or before June 8, and the enrollment deposit deadline for those admitted will be June 15.

I was laid off. How do I explain being laid off in my application?

Though unfortunate and stressful, lay-offs happen! Once you upload your resume on the “Employment Information” section of the application, there will be a question asking whether or not you’re currently employed full-time. If the answer is no, you’ll be given a chance to explain your situation. This response is limited to 255 characters, so you don’t have to go into full detail here! If you’d like to include additional details about your employment to the admissions committee, complete the optional statement for us to review.

I was laid off and I don’t have a professional recommender. What are my other options?

There are lots of great sources for recommendation letters! Here are some of our tips to help you choose a recommender who knows you well and can speak to your strengths.

What are the benefits of applying in Round 4 vs. applying next cycle?

The biggest benefit is that you potentially won’t need to wait a full year to enroll! Round 4 is a great option for those who definitely know they want to go to McCombs, but who may have figured that out a little later in the game. We’d also like to dispel the myth that having to reapply the following cycle is a bad thing. We value re-applicants and never look down on someone who applied late cycle and then re-applied the following fall.

What advice would you give to an applicant submitting in Round 4?

Get to know us! We’re hosting campus visits until late April and will be hosting virtual events to help you navigate the application process. Attending our events can also help you craft your essay and prepare for the video assessment.

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.

photo of a person on a laptop. Banner reads "Funding Your Full-Time MBA"

Exploring Scholarships and
Loan Options

August 26, 2022 / Texas MBA Admissions / Comments Off

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.

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.

Texas McCombs designates the first-round application deadline as the priority deadline for scholarships and fellowships.

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, 75% of Admitted Full-Time MBA students received scholarship offers. Scholarships range from $2,000 to full-tuition awards.

For International candidates, 75% of enrolled students received scholarship offers.

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 academic performance, leadership, and involvement during their first year in the program, as well as financial need.

Institutional Scholarships

The UT Austin Office of Financial Aid administers institutional endowed scholarships for continuing students that first-year MBAs may qualify for, beginning in November of their first year. First-year MBA students may be eligible to apply, but please 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. To determine your eligibility you must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA for the 2022-2023 school year will be available on October 1, and Texas has a priority deadline of January 15. At the latest, it is recommended that you have your FAFSA completed by June 1. Students who are eligible to complete the FAFSA are U.S. Citizens, Permanent Residents, and other eligible non-citizens. Please watch this two-minute video for help with the financial aid application process.

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.

The Texas McCombs MBA Financial Aid team cannot recommend any private loans but will work with all banks and lending institutions once you’ve been approved.

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.

Good luck and Hook ’em!

person smiling at a desk. banner reads "Full-Time MBA Application: Reapplying to Texas McCombs

How to Reapply for Your MBA

August 15, 2022 / Texas MBA Admissions / Comments Off

With each new admissions cycle, questions come in from those who have applied in the past about applying again to join the next class of Texas McCombs MBAs.

First, having applied in a previous year is not considered a negative factor in your application.

We are pleased to see your continued interest in the program and will evaluate your new application on its merits and in the context of the new applicant pool, just as if you are applying for the first time. Below is an overview of important info and tips for reapplying to the MBA program that we hope you find helpful.

Application

All candidates reapplying are required to complete a new application new essay, a new resume, and pay the application fee. Our essay prompts can change from year to year, so copying and pasting your essay responses from a previous application cycle is not recommended. In addition, rewriting your essays shows effort!

Review essays and application components

Learn more about the new application updates

Official Transcripts

We keep your official transcript on file for one year. You will need to submit your transcripts again if you have taken any additional coursework or if you applied more than one year ago. You can always review your application status on the “MyStatus” page to make sure you have current transcripts.

Test Scores

GMAT  and GRE  scores are also kept on file for one year and overall, scores are valid five years after the date the test is taken. This year candidates also have the option of submitting an Executive Assessment (EA) test score or a merit-based test waiver. For TOEFL scores, this period is two years. The McCombs Admissions Committee considers only the highest total submitted score in the evaluation of applications.

Learn about the test options for Full-Time MBA candidates

Recommendation Letter 

Although not required, we suggest you submit a new letter of recommendation. Determine if another recommender may provide a more current, insightful, and thorough perspective on your experience. If you choose to submit a prior recommendation, you will need to email MBA Admissions with a request to resubmit.

How Have You Improved?

While completing your application, you will be asked, “Since your previous application, what steps have you taken to enhance your candidacy?” The Admissions Committee reviews this answer closely so please ensure that you spend time reflecting on and explaining these improvements.

Choosing to reapply to the MBA program shows perseverance and dedication. We encourage you to consider giving yourself a fresh start when you approach your new application. Think through and reassess your application, address any weak areas, and add new information that may be helpful in the admission process.

Good luck and Hook ’em!

Texas McCombs MBA Insider

Category: Full-Time MBA Application Tips (page 3 of 4)

What’s New in the 2023-24
Texas McCombs Full-Time
MBA Application