Full-Time MBA – Page 6 – Texas McCombs MBA Insider

Category: Full-Time MBA (page 6 of 14)

Submitting Your Full-Time MBA Application

The 2021-2022 Full-Time MBA application is now open!

We usually receive questions about application deadlines and whether or not it matters when you submit your application– Round 1, 2, or 3.

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 One

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

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.
All of our spots are still available! Plus, historically we’ve received fewer applications in R1 than in R2.

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 Two

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 receives many strong applicants. 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 Three

Round 3 tends to be a smaller round. Many applicants in Round 3 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 in Round 3 (which is why we have a Round 3), 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 plague 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 feel good about your application, we encourage you to apply but if you aren’t ready yet (i.e.: You need to retake your GMAT/GRE/EA, rework your essay, or wait for a promotion at work to come through), don’t risk it– wait until you’re confident in your application before hitting the “Submit” button.

We look forward to reviewing your application this year and are always here to answer your questions about applying. Hook ’em!

photo of 4 stacks of gold coins with a grad cap. Words read Funding Your Full-Time MBA

Full-Time MBA Scholarships & Financial Aid

September 17, 2021 / Texas McCombs MBA / Comments Off

We understand that pursuing your MBA at a top school is a big investment in your future. Our Full-Time MBA is proud to have consistently been named a Best Value among Top 20 MBA programs by U.S. News & World Report. Austin has also been named one of the best places to live and work in the U.S. and rated in the Top-5 Best Places to Live by U.S. News & World Report for 5 years in a row.

To make your MBA future even more attainable, the Texas McCombs MBA 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 you navigate your MBA application process.

Recruiting Scholarships

Texas McCombs does offer some recruiting scholarships, including cash awards and out-of-state tuition waivers. 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, 63% of enrolled Texas McCombs MBA students received scholarship offers, and those who accepted merit-based recruiting scholarships received awards ranging from $5,000 to full tuition.

For International candidates, 70% 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, 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, students are invited to apply for 2nd Year MBA Scholarships. These awards, given by the McCombs School of Business through the generous support of individual donors and corporate supporters, typically range anywhere from $1,000-$5,000. The 2nd Year 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 your first year. You 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 2021-2022 school year will be available 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 and let us know if you have any questions.

Visit Texas McCombs MBA to find out more about all our programs, submitting your application, and upcoming events. Hook ’em!

photo of woman at a laptop with an orange banner that reads "The MBA Application Building Your Resume"

How to Highlight Your Work Experience

September 17, 2021 / Texas McCombs MBA / Comments Off

This MBA Insider content comes from Sharon Barrett, Director of Working Professional & Executive MBA Admissions.

When evaluating your application, our MBA Admissions Committee aims for a complete picture of your qualifications and fit with the program. It’s all about perspective. We look at your application as if we are holding a scale, balancing all the parts.

When considering the specific experience on your resume, on one side there’s a raw number of years (Quantity), and on the other is your job experience (Quality).

Quantity

Say that you are the CEO of a mid-size corporation. Wonderful! Oh, you just started in this position? That’s an amazing accomplishment, but perhaps you’d still admit that your knowledge and expertise in such a new position wouldn’t be as developed as someone who’s been doing it for a few years.

Or maybe you have been in the same job for 10 years. Wow! No doubt you are a go-to person when it comes to that role, but could it mean that perhaps you didn’t take as much initiative or demonstrate the leadership qualities required to launch you to the next level? Or perhaps you have only had a project manager role for a year, but in that time you’ve produced measurable results and demonstrated leadership. In these cases, the quality of your work experience matters more.

Quality

A general job title like “Project Manager” may seem lackluster, but could actually be pretty exciting. Don’t let us make assumptions. Take every opportunity on your application to illustrate just WHAT about your job made your experience rich and rewarding.

On the flip side, a Chief Operating Office title sounds impressive, but what kind of company did you work for and how extensive were your duties? An impressive title with naught to back it up won’t move the needle in your favor when it comes to work experience.

The take-away on work experience: Years, titles, and accomplishments are not, by themselves deciding factors. To help you provide us with a clear picture, here are our top tips for highlighting the quality and quantity of your work experience on your resume:

Tailor Content – You may have heard the adage that your resume should be tailored to your audience, which is true. But customizing your resume may simply entail reordering or swapping out bullet points. Remember, a resume is a summary of your relevant experience, not necessarily all of it.
Emphasize Results – We don’t just want a summary. We want to know whether you generated results from your work. If the person replacing you could copy and paste your resume bullet points into their resume, that’s probably a sign your bullet points need to better emphasize your individual contributions in the role.
Avoid Redundancy – Think of each line on your resume as a valuable piece of real estate. Consider the incremental value that each line on your resume provides for you as a candidate. If you have performed the same task in multiple roles, is it necessary to list that same task more than once on your resume? Likely not.
Show Balance – We want to see a “balanced” candidate – someone who has been strong in the classroom and in the workplace while participating in extracurricular activities and having unique interests outside of work. Consider creating an “Additional” section to detail your activities and interests for use as a potential conversation starter.
Utilize White Space – Great resume content can only be great if a reader can easily access it. That’s where resume readability comes into play. Don’t forget to use your white space effectively. A resume is not about cramming as much you can onto the page. Rather, give your content some space to breathe.
Enlist Proofreaders– Perhaps the most important element of a resume is that it is free of errors. A single spelling, grammatical, or formatting error can hurt even the most impressive resume. Have multiple individuals proofread your resume.
Convey Personal Brand – What do you think of when you think of great global brands like Apple, Nike, or Google? What words come to mind? Now, when we read your resume, what words do you want to come to mind about you? Have a peer give your resume a 30-second review and see if the words you want to pop for a reader, actually do.

Remember, your resume is important, but it’s only one data point for you as a candidate. Years of work experience give only one sense of you as a candidate, so use your resume to make the quality of those years really stand out.

Visit Texas McCombs MBA to find out more about all our programs, submitting your application, and upcoming events. Hook ’em!

Celebrating Pride with eQual MBAs at McCombs

June 23, 2021 / Texas MBA Admissions / Comments Off

Happy Pride Month! This June we are celebrating members of our LGBTQIA+ MBA community and talking to Full-Time MBA student Lindsey Scheinthal, co-president of eQual MBAs, about pronouns, allyship, and living authentically.

eQual MBAs at McCombs is a social and career networking student organization made up of members, friends, and supporters of the LGBTQ+ community. They are dedicated to promoting diversity and inclusion within the Texas McCombs community.

Members of eQUAL pose for a picture during a Zoom meeting.

Representation and Allyship

eQual focuses a lot on educating people on pronoun usage and allyship by hosting workshops throughout the year to create a more inclusive environment. Since moving into the virtual space, members of eQual have advocated for adding pronouns to Zoom names. Even if you are cisgender (meaning you identify as the gender assigned at birth), adding pronouns to your bios, zoom names, or email signatures signifies that you are an ally and makes others feel included.

“For me, representation is everything. I believe it saves lives and makes people know that they are not alone.” says Lindsey. “I think that’s really important for all of us because when you have more representation you’re able to implement everything else a little bit easier.”

Inclusion and acceptance from others means a lot to Lindsey. She says she sometimes wonders if people know she’s gay and would accept her if they knew.

“My favorite thing is seeing people wear the eQual t-shirt with the rainbow longhorn,” says Lindsey. “You know, we just make assumptions about people…[you think] that person might not like me because I’m gay, and I’m nervous to say something. But then I go to class the next day and they’re rocking the eQual t-shirt, and how great of a feeling that is to see them wearing it.”

There is no way to be a perfect ally, Lindsay says. To her, it’s someone who is asking questions and is pushing themselves to continuously learn and be better.

“Everyone has a different idea of what an ally looks like, and I think it’s difficult to be the perfect ally. But I think as long as you’re trying to be better and listen and change and really hear the person next to you and where they’re coming from, that’s all we can ask for,” says Lindsey.

“I try to do my best to educate people. I really believe in representation. I try to continue to educate myself, because everything is constantly evolving.”

Living Authentically

While the LGBTQIA+ community at McCombs is a small group, Lindsey likes to think of eQual as small but mighty and hopes to encourage more LGBTQIA+ members to apply to business school.

Members of eQUAL pose in a rooftop swimming pool in downtown Austin.

Lindsey has been out since she was 17 and says it hasn’t always been easy. She has dealt with micro-aggressions, stereotypes, and mistreatment from others. To overcome this she lives by Michelle Obama’s famous words: “When they go low, we go high.”

“It hasn’t been easy but it’s their loss. I know I’m a great friend, I’m a great employee, and if [someone] is choosing not to be nice to me because of this one little aspect of my life, then it’s their loss,” she says.

“Life is too short, I’m just trying to enjoy every moment and like just being myself,” says Lindsey. “I don’t want to hide who I am ever.”

Pride Celebrations in Austin

At Texas McCombs, we strive to create a supportive community by partnering with Reaching Out MBA (ROMBA), a nonprofit organization that focuses on empowering LGBTQIA+ business students. In 2014 McCombs became one of the inaugural school partners of the ROMBA fellowship, which grants LGBTQ+ MBA Fellows with a minimum $20,000 scholarship and access to leadership programming. ROMBA also hosts events and an annual conference to educate and connect LGBTQIA+ business students through C-suite panels, workshops, competitions, receptions, and career fairs. This year the conference, which is the world’s largest gathering of LBGTQIA+ business students and alumni, will take place in Austin in October.

Austin has many Pride Month celebrations around town in June but its official Pride festival and parade is held in August– this also gives the UT Austin student population, a very active part of the LGBTQIA+ community, the opportunity to volunteer and participate.

To connect with eQual MBAs, you can follow them on Instagram @equalmbs or email Sally and Lindsey at equalmbas@mccombs.utexas.edu.

Full-Time MBA Application Deadlines, New Testing Options, and Essay Topics

June 14, 2021 / MBA Marketing McCombs / 2 Comments

This post comes from the desk of Rodrigo Malta, the Managing Director of MBA Recruiting and Admissions at Texas McCombs. As an alumnus of the MBA program and passionate ambassador for McCombs and Austin, Rodrigo is excited to share the latest admissions updates for the 2021-2022 Full-Time MBA admissions cycle with you below.

Application Deadlines

Please mark your calendar for the dates below to be prepared for the upcoming application cycle.

Round	Application Deadline	Decision Notification
1	October 12, 2021 (priority deadline for scholarships & fellowships)	December 16, 2021
2	January 6, 2022	March 24, 2022
3	March 29, 2022	May 5, 2022

The 2021-2022 Full-Time application will open summer 2021. To be among the first to know when the application is open, please be sure to sign up for our email announcements.

New Testing Options

All Full-Time MBA applicants are required to submit test scores with their application. Beginning this year, in addition to the GMAT and GRE, Texas McCombs is also accepting the Executive Assessment (EA) as a test option, as well as expired scores.

Accepted Scores:

A valid GMAT, GRE, or Executive Assessment (EA) exam score.
An expired (5 years or older) GMAT, GRE, or Executive Assessment (EA) exam score.

For details on accepted scores, school codes, and all other components of the application, please review the application process.

Essay Topics

Our essay topics for this application season have been confirmed. We strongly recommend planning for your essays in advance and being thoughtful about your answers. Take advantage of this opportunity to tell us about yourself and why McCombs in your own words; Review the 2021-2022 essay topics now.

Get to Know Rodrigo Malta

Rodrigo Malta, Managing Director of Texas McCombs MBA Admissions

Rodrigo was born and raised in Brazil and moved to the U.S. in high school. After earning his bachelor’s degree in management and working for a large telecom company in Kansas City, Missouri, he obtained an MBA at Texas McCombs. During his time as an MBA student, Rodrigo volunteered with the McCombs Ambassador Committee (MAC), which assists the admissions team with campus visits, interviews, and helping prospective students learn more about Texas McCombs and the application process. Rodrigo secured a marketing job at Dell post-MBA, but his passion for MBA admissions eventually led him back to his current Managing Director role, which he describes as his “dream job.”

If you have not had the chance to connect with Rodrigo or other members of the MBA Admissions team, we hope to meet you at an upcoming event.

We will be posting updates and tips throughout the admissions cycle. If you have any questions we can help with now, please contact the MBA Admissions team.

Hook ’em!

*Update 6/17/21: A previous version of this post listed incorrect dates for “Decision Notification” and has been corrected.

Your MBA Return on Investment

March 26, 2021 / Texas McCombs MBA / Comments Off

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!

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.

Celebrating Lunar New Year 2021

February 12, 2021 / Texas MBA Admissions / Comments Off

February 12, 2021 marks the first new moon of the year and the start of the Lunar New Year. The holiday is celebrated by many communities in Asia and around the world to welcome the spring season and is a time for families to reunite and honor ancestors.

In China, it is commonly known as Chinese New Year, or chunjie (春节) meaning “Spring Festival.” The festival is the longest holiday of the year beginning on the first new moon of the lunar calendar and ending on the first full moon. We talked to a few of our current MBA students from the McCombs China Business Association to learn how they celebrate the new year.

“First, Chinese New Year is for family,” says MBA student Sujian Luo. “We get together with parents, grandparents, brothers and sisters and relatives. And through this, we maintain and even create deeper bonds with each other. In the past year, we received help from people at work, in life, or somewhere else. This is the time to express sincere appreciation to them. Last but not least, it’s a time for every individual to take a pause, reflect, and prepare for a new sail.”

Sujian Luo
Texas McCombs MBA ’21

Sujian Luo was born and grew up in Sichuan Province in the southwest part of China. He remembers playing with fireworks when was younger during celebrations.

He learned about McCombs from his girlfriend who graduated from the program in 2019. He is currently the Case Competition VP of Operations Fellows and a member of the McCombs Ambassador Committee (MAC), China Business Association, and the Tech Club.

“Geographically, Sichuan’s location is similar to that of Texas in the United States. My hometown is a small city called Mianzhu. It has a long history and it can be dated back to the time of Three Kingdoms, more than 1000 years ago. My family has been living in Mianzhu since my great grandparents.

When I was young, the most impressive activity was playing fireworks with friends. These fireworks are not the same as those for shows and displays, they are fireworks played by hands. We used them to create different patterns in the dark.”

Traditions and Customs

Chinese New Year traditions include putting up red and gold decorations, eating reunion dinner with family on New Year’s Eve, popping firecrackers and fireworks, and giving red envelopes.

“The Chinese New Year traditions and procedures all have significant meaning, from the New Year’s greetings we share with each other to the food we eat, and I am proud that these festivities are still very much a part of my life,” says Nicole Fung. “For the most part a lot of what we take part in helps to bring prosperity, luck, and longevity for the upcoming year.”

Nicole Fung
Texas McCombs MBA ’22

Nicole Fung was born and raised in Hong Kong. Her father was born in Shanghai, and her mother was born in Hong Kong. Her ancestors are from the Guangdong province which lives along the Pearl River Delta.

Nicole chose McCombs because of her interest in tech, the growing city, and the McCombs network.

“When I was younger I celebrated New Year’s Eve with my family for our annual “reunion dinner”, typically feasting for hours over a nice hearty home cooked Chinese meal together. Then we would spend New Year’s Day visiting my parents’ elder siblings and grandparents’ home to wish them happy new year, a Chinese tradition called “bai nian”.

A picture of Nicole Fung and her family.

Nicole’s family

“My mother loves decorating our home with Chinese New Year flora (lucky bamboo, orchids, narcissus), Chinese couplets written in beautiful calligraphy, and kumquats,” says Nicole. “Every year our living room always has a CNY candy box that is filled with sweets, Chinese seeds and nuts to signify togetherness.”

During the New Year celebration, Nicole prepares dumplings.

“I would love to disclose my recipe for homemade dumplings, but honestly I always go with the flow and my gut. Definitely get pre-made dumpling skins to save a lot of prep time! Traditional fillings include ground pork and cabbage, and tofu, carrot, mushroom, and cabbage for a vegetarian option. For the filling’s marinade I use plenty of soy sauce, sesame oil, white pepper, and a little Chinese vinegar.”

Fay Sheng
Texas McCombs MBA ’21

Fay Sheng grew up in a mid-sized city in East China where her parents were born. She celebrates with her family by eating fish on the eve of Chinese New Year and saving part of it. After dinner, they watch China Central Television’s Spring Festival Gala.

Fay chose McCombs for the culture and growing city. She is also a member of Texas McCombs Labs.

“The reason [we eat fish on Chinese New Year] is that in Chinese, fish sounds like “surplus” and we always like to have a surplus at the end of the year,” she says. “And if we manage to save something at the end of this year, then we can make more in the next year.”

“Chinese New Year is a time for families to reunite and for people to celebrate and appreciate the achievement in the past one year and also look forward into the coming year.”

Fay’s niece writing couplets.

In preparation for the celebration, she would get a haircut, clean the house, shop for new clothes, and hang up traditional red decorations such as Fu, couplets, and paper-cut art.

“When we hang up Fu, we sometimes hang it upside down because “upside-down Fú” sounds nearly identical to the phrase ‘Good luck arrives.'”

The Year of the Ox

This is the Year of the Ox in the Chinese zodiac calendar. Nicole shares the story behind how the 12 animals in the zodiac came to be.

“The zodiac is a core part of Chinese New Year,” says Nicole. “There are a total of twelve animals in the zodiac and each New Year celebrates an animal from the roster. 2021 is the Year of the Ox. The fable behind the zodiac is the Jade Emperor, a Chinese deity, wanted twelve animals to serve has his guards. The animals on earth were asked to race to the Heavenly Gates to win their place beside the emperor. Met with a river with a swift current, the Rat had trouble crossing and jumped on the ox’s back for a safe ride. The Rat was cunning and jumped off the ox at the last moment to reach the Jade Emperor and won the race, consequently the ox placed second. The ordering of the zodiac is as follows according to their place in the race: rat, ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, dog, and finally the pig.”

Sujian says the Ox is important in ancient Chinese agricultural society.

“It’s a symbol of wealth. And in modern society, Chinese people often use Ox as an adjective, for example, if a student gets 100/100 points in a difficult example, we’ll say: ”you’re so Ox(你真牛)”—like, you are so great.”

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!

Tower lit up in orange with number 1 on it with text reading "national case competition win"

Texas McCombs Wins National Black MBA Association Case Competition

February 10, 2021 / Divina Ceniceros Dominguez / Comments Off

Every year MBA students have the opportunity to participate in case competitions and challenges. Student teams are given a business problem to analyze, and they present their recommendations to a panel of experts who offer industry-specific feedback and select winners.

The 2020-2021 case competition season kicked off in September 2020 when Texas McCombs MBA students Christopher Williams, Sean Stallings, Tyrone Smith, and Ingrid Zagzebski competed in the annual National Black MBA Association (NBMBAA) Graduate Case Competition and took home the first place prize.

The Team

Christopher Williams, MBA ’21

Sean Stallings, MBA ’21

Tyrone Smith, MBA ’21

Ingrid Zagzebski, MBA ’22

McCombs teams have had strong showings at the NBMBAA competition in the past, but this was the first time the Texas McCombs MBA team won first place.

In 2019, Christopher Williams and Sean Stallings competed with another MBA team. They persevered to come back this year and win it all. Chris is a former transportation engineer, and Sean was a tech consultant, so they formed a strong foundation and were looking for a well-rounded team. They recruited Tyrone Smith, who had experience in automotive sales, and Ingrid Zagzebski, who had worked in marketing, to join their team.

We felt like we could do better a second time around and decided to compete this year. We recruited two other team members — Tyrone, another second year student, and Ingrid, a first year student. They brought energy, creativity and a wealth of automotive and marketing experience to the team.

— Christopher Williams, Texas McCombs Full-Time MBA, Class of 2021.

It was the perfect blend of talent: sales, marketing, tech, consulting and engineering!

— Tyrone Smith, Texas McCombs Full-Time MBA, Class of 2021.

The Competition

For over 25 years, Fiat Chrysler Automobiles has partnered with the National Black MBA Association to provide a challenging case for students from top business schools to compete for $50,000 in cash prizes and employment opportunities. The competition challenges MBA teams to dissect complex, real-world business problems, come up with a thorough solution and present their findings to a panel of Fortune 500 executives.

The McCombs MBA team, along with over 30 other teams from universities around the country, were faced with the need to problem-solve innovative digital retailing solutions and car delivery options. Due to the COVID-19 pandemic, the 2020 competition was hosted virtually, which added another challenge for students.

What was the key to the McCombs team’s success? Sean thinks it was their team’s diversity and experience.

I think our diverse backgrounds were a strong differentiator for the judges.

A big reason McCombs did so well that was Chris and I competed last year. Having made some mistakes, we internalized a lot of the judge’s feedback. We also learned from other top-tier MBA school presentations, and felt we could outdo them. It didn’t hurt to have completed coursework in Corporate Strategy, Tech Strategy and Operations — those frameworks definitely set us apart from other first year heavy teams.

— Sean Stallings, Texas McCombs Full-Time MBA, Class of 2021.

Even with having a strong team and prior case competition experience, the group had to overcome a set of challenges. For one, there was the issue of time management: How can four Full-Time MBA students juggle their coursework, extracurriculars, and personal life on top of this competition? Tyrone, who is also a professional Olympic athlete, was still training and competing while the team was in the beginning weeks of planning and strategizing. Because of that, he correlates his team’s overall success to their synergy in those crucial early stages.

It feels absolutely incredible to be a part of this team. We worked our butts off with all of us having exceptionally full plates. We started meeting before school started and myself, being a professional Olympic athlete, I was still training and competing during the first few weeks. This team covered for one another excellently and we pulled together in perfect harmony

— Tyrone Smith, Texas McCombs Full-Time MBA, Class of 2021.

A First Place Victory

The team worked hard and made sacrifices. Their efforts paid off abundantly — in addition to new employment and networking opportunities, the team was awarded a $25,000 scholarship. Here’s how they felt when they got the news:

I literally screamed when we won although, if I’m being completely honest, I very much expected us to win. Chris and Sean competed last year and had a solid idea of the quality of presentation they would take. I was confident that knowledge — combined with the insider info, recommendations and our expertise in tech —would be difficult to beat.

For me, as far as new doors, the finalists were all invited to speak with McKinsey&Co., and I had an excellent one-on-one info session with them. I was encouraged to apply and they genuinely seem interested in my experience and story, something they would not have been exposed to without the competition.

— Tyrone Smith, Texas McCombs Full-Time MBA, Class of 2021.

I felt AMAZING. Our team put in a lot of effort to prepare for the case and bring data-backed, well researched and feasible recommendations to address the case challenge.

The scholarship from NBMBAA & FCA has had an immediate impact on my financial health, helping to reduce my student loan liabilities. More broadly, the case allowed me to meet and network with other minority MBA students and continue building my network.

— Christopher Williams, Texas McCombs Full-Time MBA, Class of 2021.

I was speechless! It felt like I was inside of a dream. After the shock wore off, I wanted to scream and shout, but I was sitting at my gate at the ATX airport and didn’t feel like it was the place to make a scene.

The scholarship money was a big reason why we signed up to compete last year; however, as we got further along in the process, it was less about the money and more about proving ourselves on the national stage. The $25,000 will be split up evenly amongst the four teammates and will be used to pay down some loans upon graduation.

— Sean Stallings, Texas McCombs Full-Time MBA, Class of 2021.

Advice For Future MBAs

If you’re a current or future MBA student interested in participating in next year’s National Black MBA Association Graduate Case Competition, here are some final words of advice curated by the team.

Get ready early.

The case is typically released in mid-August. I attribute a large part of our success to preparation and giving ourselves enough time to fully flesh out our ideas.

From the start, we came to a consensus on expectations. We knew we wanted to position ourselves for a win and decided to dedicate several hours each week to prepare. Even so, we stretched ourselves to make things work. We had a great team dynamic and trusted each other to get the work done. That made it easy to prioritize and focus on specific aspects of the project, rather than having to worry about doing everything individually.

— Christopher Williams, Texas McCombs Full-Time MBA, Class of 2021.

Be meticulous and say on task.

My advice is to have someone on the team who is meticulous about planning and have them take charge. Chris did an amazing job getting us started early to plan, so we were always a head of the curve. When the inevitable, unforeseeable things came up and we had to miss a meeting or change a time, it was okay because we were one-to-two weeks ahead of schedule.

Everyone is going to have to sacrifice at some point, and when it’s your turn, don’t hesitate. Show the team that you are in this to WIN — not just to make the final, or hopefully top 3, but to WIN.

— Tyrone Smith, Texas McCombs Full-Time MBA, Class of 2021.

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!

After Admission: Deciding Your
MBA Offer

February 1, 2021 / Texas McCombs MBA / Comments Off

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!

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.

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:

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!

Full-Time MBA Program Receives STEM Certification

December 17, 2020 / Texas MBA Admissions / Comments Off

Top-Ranked Programs Emphasize Quantitative Management and Analytics

We are excited to announce that the Texas McCombs Full-Time MBA Program has received STEM (science, technology, engineering, math) certification for 14 of its 22 concentrations, demonstrating a high level of quantitative rigor across the program.

“The breadth and depth of our full-time MBA curriculum is a unique complement to our close-knit class of 260 students, and we wanted to focus our STEM certification efforts on areas where we’re seeing strong and active job recruitment post-graduation, such as business analytics. The fact that these 14 concentrations were judged to meet STEM standards after an exacting review by our faculty, university office of graduate studies, UT System, and Texas Higher Education Coordinating Board points to the strength of our offerings in these subject areas.”

– Tina Mabley, Assistant Dean for Full-Time MBA

Texas McCombs received the STEM designation after a rigorous review of the MBA curriculum and how the programs are categorized by the National Center for Education Statistics under a Classification of Instructional Programs (CIP) code. The approval process went through several levels including the McCombs School of Business faculty, the University of Texas at Austin Office of Graduate Studies and Provost, the University of Texas System, and the Texas Higher Education Coordinating Board. As a result, the existing single Full-Time MBA degree program was split into three degree programs, two of which (Management Science & Quantitative Methods and Financial Mathematics) are classified with STEM codes. These degrees are earned by completing specific concentrations within the Full-Time MBA program.

Beginning with the graduating Class of 2021, the following concentrations will have the STEM degree designation.

Management Science & Quantitative Methods degree code:

Information Management
Supply Chain & Operations Management
Business Analytics
Brand & Product Management
High Tech Marketing
Marketing Analytics & Consulting

Financial Mathematics degree code:

General Finance
Corporate Accounting
Investment Management
Corporate Finance
Energy Finance
Clean Tech
Private Equity
Real Estate Finance

Several of McCombs’ one-year, specialized Master of Science programs are also STEM certified, including Business Analytics, Information Technology and Management, Finance, Marketing, and Technology Commercialization.

“Our goal at McCombs is not only to educate students from across the globe but also to make them competitive for business professions that the market is dictating. STEM certification is an indication that our programs and our curriculum are both thorough and rigorous.”

– Interim Dean Lillian Mills

The STEM-designated degree program was established by the U.S. government to address a shortage of qualified workers in STEM fields and benefits all students by providing exceptional educational experience and broadening career opportunities. Additionally, the degree designation benefits international students by giving them up to three years to work in the U.S. without an H1-B visa through OPT (Optional Practical Training), instead of just one-year for non-STEM degrees.

Insider Information for Prospective Texas McCombs MBA Students

Category: Full-Time MBA (page 6 of 14)

Recruiting Scholarships

For International candidates, 70% of enrolled students received scholarship offers.

2nd Year Student Scholarships

Institutional Scholarships

Federal Loans

Private Education Loans

Loans for International Students

Quantity

Quality

Representation and Allyship

Living Authentically

Pride Celebrations in Austin

Traditions and Customs

The Year of the Ox

The Team

The Competition

A First Place Victory

Advice For Future MBAs

The City

The Network

The Focus on the Future

Top-Ranked Programs Emphasize Quantitative Management and Analytics

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