Texas McCombs MBA Insider

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photo of a person using a calculator at a desk with a banner that reads "Funding your full-time mba"

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.

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. 

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 student’s 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!

persons hands holding a resume with a banner that reads "Full-Time MBA Application: Preparing Your Resume"

Highlighting Your Work Experience

July 26, 2023 / Texas MBA Admissions / Comments Off

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.

Highlighting Your Work Experience

The takeaway 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 as 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.

Good luck and Hook ’em!

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Make a Lasting Impression:
The Value of Optional Peer Interviews at Texas McCombs

July 20, 2023 / Texas MBA Admissions / Comments Off

One of the most vital parts of the MBA application process at Texas McCombs is the human component – “Human-Centered, Future-Focused” is part of our core values 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 through a short, optional peer interview.

These interactive virtual sessions present a valuable opportunity for our applicants to connect with Full-Time MBA students and leaving a lasting positive impression on Texas McCombs.

The optional interview will last about 20 minutes and is available throughout the round. The student ambassador will introduce themselves and ask you a few questions.

We recommend having up to three questions prepared for your student interviewer about the program and student experience. You are also welcome to discuss information about your candidacy that is not addressed elsewhere, as the interviewer can in turn provide this information to the Admissions Committee via a post-interview form.

Different schools have different interview processes. It’s important to be familiar with how the Texas McCombs MBA program runs the virtual interview experience. Be sure to read all confirmation emails and instructions very carefully. All optional interviews are conducted virtually by a member of the McCombs Ambassador Committee.

Roughly a week after the round deadline, you will receive an email with a link to our online platform to allow you to select an interview slot that works with your schedule. There is a deadline to complete your interview, so be sure to schedule it early. Slots will fill quickly!

Is an interview required?

No! There are plenty of ways for the admissions committee to get to know you without the optional peer interview. For example, if you have continuously engaged with the McCombs community, feel confident in your video assessment submission, and have no additional questions for a current student, then registering for and attending a virtual interview might not be necessary. On the other hand, if you have not had the chance to get to know us and would like an additional opportunity to convey something that might not be conveyed elsewhere in the application, we might recommend signing up for a peer interview. At the end of the day, the choice is yours. The interview may serve as an additional data point for the committee, but it is not required for admissions consideration.

Tip: Remember that every interaction you have with a member of the Texas McCombs community is an opportunity to make a positive impression about who you are and your MBA candidacy. From speaking to our receptionist at the MBA Program Office, to meeting an Admissions Officer on the road, all members of our community have an opportunity to provide informal feedback on MBA applicants, so make every connection count.

Will I know who my peer interviewer is ahead of time?

Yes. You will be able to select your student host based on their interests and MBA involvement. However, you do not need to limit yourself to scheduling with someone with similar interests; all of our interviewers are current students and will be able to share their experiences with you regardless of background. In addition, some applicants prefer to select a date and time that is most convenient for them rather than search for slots based on shared interests.

Can I conduct my interview in-person?

No. All of our peer interviews are virtual to keep all applicants (including those who cannot come to campus) on a level playing field. We do encourage applicants to visit us in-person so you can get to know us, but peer interviews must be conducted virtually (via Zoom).

Our Top Interview Tips

Be On Time: Arriving on time is “Interviewing 101,” yet it still manages to trip up even the most prepared of candidates. Please follow all the instructions in your confirmation email about how to connect with your interviewer.

Test your Connection: Peer Interviews require a desktop or laptop computer (no iPhone/iPad) with a functioning webcam, microphone, and internet connection. We recommend connecting directly to your internet for the most reliable internet connection – and make sure you have plenty of charge on your laptop or that you are plugged in!

Pace Yourself: You’d be surprised how many times, at the end of an applicant’s long answer, we are asked to repeat the original question. Most often this happens to people who try to put too much into the answer for fear of not being given an opportunity later on to address their prepared examples.  Keep your responses concise and keep in mind the short duration of the interview.

Be Professional but Loosen Up: Given our program’s famously friendly culture, our interviews are relatively informal. If you still find yourself nervous, practice your answers in front of a mirror or with a friend or colleague and ask them how you did. Did you answer the question? Did you rush through it? Take a moment to outline your answer in your mind first, and then address it calmly and confidently. Don’t get too comfortable, though. While we’re an easy-going group, maintaining an appropriate level of professionalism is always a good idea. This includes professional language and attire.

Know What We’re Looking For: We listen for confidence, clear and concise communication, and overall genuine enthusiasm.

Come with questions: A good list of questions for your interviewer can illustrate a few key things about you as a candidate: You’ve done your research, you care about our program, you have envisioned yourself as a Texas McCombs MBA, and you can formulate coherent thoughts under pressure. Here is a list of topics to consider:

Discuss any aspect of your candidacy that has not already been covered in other application components.

Get to know your host and their experience at Texas McCombs. Ask them questions about their MBA journey and the McCombs community.

Ask for tips and advice on how to best navigate and spend the time between the admission decision and program kick-off.

In the competitive world of MBA applications, Texas McCombs stands out by prioritizing the human component. Our “Human-Centered, Future-Focused” values resonate throughout the entire admissions process, offering you an opportunity to showcase your collaborative skills and reaffirm your motivations for pursuing an MBA. The option of a short peer interview allows you to engage with our current Full-Time MBA students, leaving a lasting positive impression on the Texas McCombs community.

Whether you choose to participate in the interview or explore other avenues of engagement, keep in mind that every interaction counts and can contribute to your MBA candidacy. We hope you’ll embrace the chance to make a personal impact and take a step closer toward your future at Texas McCombs.

Good luck and Hook ’em!

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Who Should Write Your MBA Recommendation?

July 13, 2023 / Texas McCombs MBA / Comments Off

The Texas McCombs Full-Time MBA application requires one professional letter of recommendation from a person who has supervised your work and/or has assessed your performance during your career.

A recommendation letter is one of the only things you rely on someone else to provide in your application. Circumstances differ for every applicant and deciding who you should ask will vary. Below are some scenarios to help guide you in choosing the best recommender for your application.

Your Supervisor

Your current direct supervisor is traditionally the best choice. This is likely the person in your network that knows your strengths and weaknesses better than anyone else. However, this may not be a viable option for you. Perhaps you aren’t able to communicate to your employer that you’re applying to business school or you do not work with your direct boss that closely. It could also be that you attained a new role recently and your current supervisor has not had a chance to work with you very much. Or, you’re an entrepreneur & don’t have a supervisor.

All of these are valid reasons to look for other recommendation sources, but remember that if you do not ask your current supervisor to write your recommendation letter, we do ask that you explain your choice in the Optional Statement.

Your Former Supervisor

If you cannot ask your current direct supervisor to write your recommendation, maybe you can ask a previous supervisor? Depending on how recently you worked with them, the “old boss” may be the best choice, especially if you had a strong professional relationship with that person. This is also a very common option.

Your Indirect Supervisor

Asking an indirect supervisor can be another option, especially if you’ve worked with this person closely on past assignments or long-term projects. This is a nice alternative to a supervisor that you may not work with closely.

Your Client or Vendor

This type of recommendation source is especially useful for entrepreneurs or for applicants who work for a family business.

If you work for a family business, it is preferred that you ask an individual outside of your family to write your letter of recommendation.

Your Mentor

Mentors inside or outside of your workplace are great to have in your corner when it comes time to apply to business school. However, be sure that your mentor has a clear understanding of your current professional value, not just your potential or future goals. Select a mentor with whom you have worked with on measurable tasks to ensure that they will provide a recommendation with depth. Keep in mind that the admissions committee is looking for someone who has worked with you professionally.

Other Options

There are many individuals who may fall in the category of “other recommenders.” For example, a former professor, a colleague, or a coach.

When it comes to these options: use your best judgment. An undergraduate professor may not be the best person to address some of the questions posed on the recommendation form and we’re looking mainly at your post-undergraduate work experience. Direct reports should never submit a letter of recommendation on behalf of their boss, so steer clear of that scenario. And don’t focus only on title– the CEO of a large company may sound like an impressive recommendation, but unless they work with you closely, the recommendation letter will likely fall short of delivering on the information that the admissions committee is looking for.

You’ve chosen a recommender. What’s next?

First, before asking your recommender to take this on, keep in mind that they are likely a busy individual – be sure to give them plenty of notice prior to an approaching application deadline.

Secondly, give them a heads-up about your request. You don’t want to blindly email someone and ask them to write something for you without having a conversation. Sometimes it’s good to revisit certain projects you worked on with them. Most importantly, explain to your recommender why you’re pursuing an MBA. Giving them some context behind your ask will go a long way and will likely result in a stronger letter.

Finally, make sure you give them all the info on the recommendation before you ask. Texas McCombs uses the GMAC Common Letter of Recommendation. Your recommender will be asked to assess specific competencies and traits, as well as answer three explicit questions. While there will be other programs using this form, some schools will ask a series of different questions. If you’re applying to more than one MBA, you may be asking your recommender to fill out and separately submit different forms.

Good luck and Hook ’em!

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The Full-Time MBA Cover Letter and Optional Statement

June 27, 2023 / Texas MBA Admissions / Comments Off

MBA 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, personal and professional experiences that make you a strong candidate for the Texas Full-Time MBA program. (max 500)

MBA Optional Statement

Please provide any additional information you believe is important or address any areas of concern that you believe will be beneficial to the MBA Admissions Committee in considering your application. (e.g. gaps in work experience, choice of recommender, academic performance, or extenuating personal circumstances) (250 words)

Honestly, the most important piece of advice we can provide you on the optional statement is to remember that it is just that– optional. Only applicants who feel some of their profile deserves more explanation should submit an optional statement. This section of the application is not to designed for you to tell us more about your extracurricular activities or expand upon the essay prompt. While we love to see how excited you are to share additional information with us, there are other ways to let the Admissions Committee know about additional projects or passions. Your resume and the video assessment are better forums for these additional details. Optional statements should focus on filling gaps or answering questions we are likely to have about you.

Our Tips for Writing Your Cover Letter

Be patient with yourself. Take time to reflect, brainstorm, rewrite, and EDIT. It will likely take more than one draft to realize your final submission.
Don’t copy and paste. Do not use the same content for multiple business schools. We can always spot recycled content.
STAY ON PROMPT. We actually want your submission to be in cover letter form! Approach this as you would drafting a cover letter for a job – who are you, why do you want to come to McCombs, and how will you contribute to the program?
Be honest. The cover letter is a way to learn more about you. Our community values authenticity and we look for submissions that reflect your authentic self.
Have someone you trust read over your cover letter. Those closest to you can provide valuable insights, feedback, and perspectives as you highlight your personal gifts and qualities.

We hope these insights into the written portions of our application give you some ideas to think about and some points to revisit as you write (and rewrite) your cover letter. Good luck, and happy applying!

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Getting to Know You Through the Video Assessment

June 21, 2023 / Texas MBA Admissions / 1 Comment

Shortly after you submit your MBA application and your application fee is paid or waived, you will receive an invitation to complete the Texas McCombs MBA Video Assessment! All applicants have 7 days to complete the assessment upon receiving access to the video submission platform. The Video Assessment has 5 question prompts and will take approximately 20 minutes to complete. The first question will be viewed by the Admissions Committee but will not be evaluated for a score. Applicants will be allowed to practice before submitting their Video Assessment and will have no more than 90 seconds to answer each prompt.

What is the Admissions Committee looking for?

This application requirement helps the Admissions Committee better understand who you are in your own voice and allows us to assess your communication skills. Within the video assessment we are evaluating the following competencies, important for every Texas McCombs MBA student:

Adaptability / Resilience
We are looking for applicants that demonstrate adaptability and resilience through their positive mindset and ability to navigate unexpected circumstances and change. Successful applicants see failure as a learning experience and an opportunity to grow, demonstrated by their coachability and openness to feedback.

Motivation
The Admissions Committee is looking for a genuine interest in pursuing an MBA and a clear understanding of how it will help to achieve their professional goals. Applicants should understand why Texas McCombs is the right place to pursue their studies and show enthusiasm for their goals and our MBA program.

Empathy/Inclusivity
Texas McCombs MBA students demonstrate empathy by understanding others’ perspectives. The Admissions Committee is looking for candidates that advocate for under-represented voices and navigate difficult conversations/situations appropriately. Successful applicants embrace and work within diverse teams.

Ambition
The Admissions Committee is looking for candidates that demonstrate ambition and have the ability to deliver results. They show potential to strategically synthesize information to solve complex problems at a high level. They utilize an enterprising and tenacious approach to problem-solving and are intellectually curious.

Goals
A strong applicant puts significant thought and consideration into their decision-making in applying for this program. They have a long-term vision of how they plan to achieve their goals.

Well-Roundedness
We are looking for applicants that are able to explain what drives them outside of work and career. They are well-rounded and display interests and passions in their personal life. Their personality is shaped by various hobbies or interests.

Verbal Communication
The Admissions Committee is looking for candidates that are excellent verbal communicators. They are proficient and skilled in speaking and presenting in the English language, and they can articulate their thoughts clearly. Strong applicants are engaging, and they can think on their feet.

Professionalism/Poise
Strong applicants display maturity, poise, answers questions, and conduct themselves in a professional manner. They present themselves professionally and can conduct themselves appropriately in a business setting.

Tips for a Successful Video Assessment

Practice: You will have the ability to practice responding to test questions for as long as you wish. Take advantage of the opportunity! The more you practice, the more comfortable you’ll be with the technology when answering the real prompts.

Test Technology: Virtual Assessments are conducted through the Kira platform. It will require a desktop or laptop computer (no iphones/ipads) with a functioning webcam, microphone, and internet connection. We recommend connecting directly to your internet for the most reliable internet connection – and make sure you have plenty of charge on your laptop or that you are plugged in! Most browsers are compatible (Chrome, Firefox, Edge, Opera) but the platform will not work well on Safari.

Pace Yourself: A big reason that we limit responses to three minutes is because it is GREAT practice for your MBA experience. Keeping responses concise, yet clear, is important when recruiting for U.S.-based jobs. However, make sure you are answering the question in full! Those practice questions will be a great way to gauge what three minutes actually feels like when responding to a question.

Be Professional, but Loosen Up: If you still find yourself nervous, practice your answers in front of a mirror or with a friend or colleague and ask them how you did. Did you answer the question? Did you rush through it? Take a moment to outline your answer in your mind first, and then address it calmly and confidently.  Don’t get too comfortable, though. While we’re an easy-going group, maintaining an appropriate level of professionalism is always a good idea. This includes professional language and attire.

Here’s our final piece of advice: The video assessment is your official opportunity to share your story, provide examples, and tell us why you chose McCombs in your own voice like no one else can. Take advantage of this opportunity! It can be just the thing the Admissions Committee needs to understand the rest of your application elements and gives us the chance to get to know you better.

banner Redesigned Evening MBA Curriculum - Reduced Program Duration, New Electives, and Expanded Networking Opportunities

Discover the Redesigned Evening MBA Program at Texas McCombs

June 15, 2023 / Texas MBA Admissions / Comments Off

Reduced Program Duration, New Electives, and Expanded Networking Opportunities

The redesigned Evening MBA program ranked No. 6 in the country (U.S. News & World Report, 2023) has been streamlined and now provides a flexible pathway to your MBA, with a reduced program duration, new elective offerings, and expanded networking opportunities. These valuable enhancements, detailed below, will take effect for our next incoming class of Evening MBA students, who will start the program in August 2024. Applications will open in August 2023.

Reduced Program Duration

The Evening MBA program is streamlining the program duration from 28 to 21 months to allow for greater flexibility and efficiency for busy professionals. Now, you can earn your MBA faster with the high-quality education that Texas McCombs is known for. It’s an accelerated path to achieving your career goals, without compromising on educational excellence.

Tailor Your Degree with New Electives

Evening MBA students experience a comprehensive cohort-based curriculum designed to enhance their understanding of core business principles. The new curriculum will have five electives, allowing students to dive deeper in areas of interest, which is especially important in today’s dynamic business landscape. The entire program and its elective courses will all be offered in-person, in Austin.

The new curriculum dedicates more credit hours dedicated to technology, leadership, and international business.
Two flexible core electives on technology and global management. Three general electives of your choice will be offered from a curated selection of courses.
Examples of electives include Investment Theory, Artificial Intelligence & Machine Learning, Product Management, Strategic Corporate Social Responsibility, Advocacy, Art and Science of Negotiations. Elective topics are subject to change.

More Opportunities to Network and Build Your MBA Community

We understand the value of building a strong professional network. That’s why you will have more chances to connect and collaborate with other Working Professional MBA students in our Dallas and Houston programs through shared electives, traveling on the global trip together, and participating in Academic Intensives. These interactions will not only enrich your learning experience but also provide valuable connections that will benefit you throughout your career. At Texas McCombs, we believe that networking is a vital component of your MBA journey, and we are committed to fostering a supportive community.

Exceptional Faculty and Engaging Learning Environment

Among the great things staying the same include our world-class, Texas McCombs faculty. Our professors are passionate about teaching and providing you with a transformative educational experience in a dynamic and collaborative learning environment. Also staying the same are business foundations offered through the core curriculum and capstone, McCombs+ Experiential Learning and Leadership Fellows, award-winning career management support for life, and Academic Intensives – all of which will be delivered in our new 21-month, Monday and Tuesday evening format. Here, you will have opportunities to engage in real-world projects, case studies, and interactive discussions, and you can apply your knowledge immediately to your work the next day.

What’s Next?

At Texas McCombs, we are committed to providing a human-centered, future-focused business education that equips you with the skills, knowledge, and network to thrive in today’s competitive business world. Whether you’re looking to advance in your current role, switch careers, or start your entrepreneurial journey, our program is designed to empower you to achieve your goals. We are excited about the possibilities this redesign brings and look forward to supporting you on your journey to success.

Sign up to receive Evening MBA news, and register for an admissions event to meet program staff, current students, and alumni. Applications for the Evening MBA will open in August 2023. Questions about the Evening MBA? Contact: TexasEveningMBA@mccombs.utexas.edu

Full-Time MBA Application 2023-2024 Updates and Changes

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

June 13, 2023 / Texas MBA Admissions / 5 Comments

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

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!

Exploring the Return on Investment of a Texas McCombs MBA.

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

May 9, 2023 / Texas MBA Admissions / 1 Comment

This MBA Insider content comes from Christie Jenkins, Senior MBA Recruiting and Admissions Officer, Working Professional MBA.

There’s a saying in undergraduate admissions that a student’s decision on where to go to college ultimately boils down to the 3 P’s: price, proximity, and prestige. I’m not aware of a 3 P’s equivalent for MBA programs, so allow me to invent one. The 3 R’s: Rankings, Recruiting, and ROI.

It’s no secret that future MBA’s are a little more objective and outcomes-focused with this decision than they may have been when choosing a college for undergrad. Undergrad is all about the experience, personal growth, and the journey as well as the destination. Those things certainly matter for your MBA selection too, but with an added emphasis on results and tangible benefits. Objectively, why should someone spend 2 years and $100,000+ on an MBA? What is the value?

RANKINGS

Or maybe this R should be reputation? Either way, Texas McCombs excels at both. U.S. News and World Report ranks our MBA programs as the following:

#6 Working Professional MBA

#14 Executive MBA

#20 Full-Time MBA

It goes without saying that our MBA programs are the best in Texas. Our programs also benefit from The University of Texas at Austin brand. Visit anywhere in the world and someone will be able to tell you about the burnt orange Texas Longhorns, and possibly that “What starts here changes the world.” Simply put, you will never have to explain what UT is all about. People know.

RECRUITING

Employers want to hire Texas McCombs MBAs. We partner with more than 400 employers annually, and the list is always growing. A few of our top recruiting partners who hired 10 or more MBAs last year include Amazon, Dell Technologies, PricewaterhouseCoopers, Boston Consulting Group, and Deloitte Consulting.

Texas has the fastest-growing job market in the country, according to the U.S. Bureau of Labor Statistics, and has been ranked No. 1 Best State for Business for 18 consecutive years. Texas is also home to the most Fortune 500 companies, with more than 135 companies that have relocated their headquarters to Texas since 2020. This list includes AT&T, CBRE, Charles Schwab, Exxon Mobil, Hewlett Packard, Oracle, Tesla, and more. Add in that Texas has no state income tax and a comparatively low cost of living, and you can see why this is a great place to live and work.

Source: Texas Economic Development & Tourism, Office of the Governor.

To help you land those jobs, you’ll also have unlimited access to career coaching, even after you graduate. Our career coaches can help you refine your brand, prepare for interviews, negotiate your starting salary, and much more. They’ll be there for you as a student and after graduation, as MBA alumni have lifetime access to career resources and coaches.

ROI

For those uninitiated in the MBA lingo, ROI, or Return on Investment, is a way to measure the profitability of an investment. Another way of thinking about this concept is the payback period, or how long it will take for an investment to pay for itself.

According to the GMAC Corporate Recruiters Survey, bachelor’s degree holders from the United States are expected to earn a median of $50,000 annually. The median starting salary for an MBA graduate is $95,000 – and that’s just a graduate of any MBA program!

Source: GMAC Corporate Recruiters Survey – 2022

For a Texas McCombs Full-Time MBA grad, the average starting salary for the Class of 2022 was $145,000. Therefore, the average incoming student can expect a $95,000 pay increase at the time of graduation ($145,000 McCombs MBA salary minus $50,000 bachelor’s degree holder salary). Compare that to the cost of our MBA programs (between $105,100-$149,500) – you’ll see the typical payback period for a McCombs MBA is less than 2 years!

After your McCombs MBA investment has paid for itself, you’ll have a lifetime to reap the rewards. If you are in your 20s or 30s, with an expected retirement age of 65, then you could have 30 or 40 more years ahead of you in your career. Wouldn’t it be nice to make the most of your incoming-earning years? The earlier you start, the more time you have to benefit from your increased post-MBA salary.

According to Poets and Quants, the expected lifetime earnings of a McCombs MBA graduate is $6.35 million.

For those who want to see the numbers, here’s your ROI calculation: profit (or gross income minus cost) divided by cost. For a McCombs Full-time MBA, that is $6,350,000 – $105,100 / $105,100, which works out to an ROI of 59.42. Over the course of your lifetime, your MBA will pay for itself more than 59x.

Of course, this barely scratches the surface.

The true value of an MBA can’t be measured in dollars. It includes your personal growth and development, the networking and relationships you will build, the intrinsic value of gaining knowledge and confidence, job security, upward mobility, and much more.

Only you can calculate what an MBA will mean for your future, but hopefully, you are reassured to know that a McCombs MBA makes objective, financial sense in addition to being a great experience.

Ready to get started on your MBA journey? Visit Texas McCombs MBA to learn more about our programs, application components, deadlines, and upcoming events, or take a peek into student life on Instagram. Please reach out to the MBA Admissions Team with any questions.

Congratulations Texas McCombs MBA Class of 2023

A Message to Our Texas McCombs MBA Graduates

May 2, 2023 / Texas MBA Admissions / Comments Off

Congratulations on reaching this incredible milestone in your lives! As you prepare to receive your diplomas and move on to the next chapter of your careers, take a moment to reflect on all that you have accomplished and learned during your time at Texas McCombs.

You have worked tirelessly to develop your skills, expand your knowledge, and build relationships that will last a lifetime. You have faced challenges and overcome obstacles, demonstrating your resilience, perseverance, and dedication to your goals. And finally, you have made an indelible mark on the Texas McCombs community, leaving a legacy that will inspire future generations of MBA students.

As you step out into the world as an alumnus, know that you carry the values and traditions that make Texas McCombs so special. You are part of a proud and accomplished network of leaders and innovators who are making a difference in every industry and city around the globe.

American entrepreneur, philanthropist, and businessman John Paul DeJoria, will address Class of 2023 graduates at the McCombs School of Business MBA Convocation, on May 5, 3:00–5:00 p.m. at Gregory Gym on the University of Texas at Austin campus.

John Paul DeJoria is widely recognized for co-founding two iconic global multi-billion-dollar-valued brands: John Paul Mitchell Systems and Patron Spirits International.

Born in Los Angeles in 1944, DeJoria grew up in a low-income household and faced numerous challenges throughout his childhood and adolescence. He is admired for his innovative and socially responsible approach to business and has been recognized with numerous awards and accolades for his contributions to entrepreneurship, philanthropy, and the environment.

In 2011, Mr. DeJoria signed the “Giving Pledge” created in 2010 by Bill and Melinda Gates and Warren Buffet. John Paul’s main philanthropic investments through JP’s Peace, Love & Happiness Foundation are focused on homelessness, food insecurity, and entrepreneurship. Mr. DeJoria endowed a chair at the University of Texas at Austin’s Dell Medical School to improve the health of people experiencing homelessness. In addition, he has made investments in housing through Mobile Loves & Fishes and the Salvation Army. He funded and created Grow Appalachia, the largest organization of its kind that helps people grow their own food and contribute to resilient food systems.

John Paul was inducted into the Texas Business Hall of Fame in 2021 for his transformational impact on the state’s economy and communities and received the Texas Medal of Arts in 2017 from the Texas Cultural Trust as Corporate Arts Patron. John Paul DeJoria’s life and career are a testament to the power of hard work, perseverance, and the entrepreneurial spirit that Texas McCombs hopes to ignite in each of our students.

If you or your family can’t make it to Gregory Gym, tune into the MBA Commencement live stream, or join us at Rowling Hall to celebrate.

Once again, congratulations on your graduation from the Texas McCombs MBA program. May this achievement be just the beginning of a long and fulfilling journey, filled with success, happiness, and endless possibilities.

Hook ’em! 🤘🎓

Page 6 of 26

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