Tag: MBA at Houston (page 2 of 5)

Cover Letter for Working Professional & Executive MBA

MBA Cover Letter 

The application cover letter is a critical means of learning who you are as an applicant and assessing your writing skills. Here is your prompt.

Please write an application cover letter summarizing your aspirations, qualifications, personal and professional experiences that make you a strong candidate for the Texas MBA program you are applying to. (max 500 words)

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 application section is not 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.  

Tips for Writing Your Cover Letter

Your cover letter is an opportunity to sell yourself to the Admissions Committee and make your case for why you belong in our programs. The best cover letters will catch our interest immediately (please do not start with “My name is”), will flow seamlessly from topic to topic, hit all of the points we’ve asked you to cover and wrap up with the closing thoughts you want to leave with us. We understand this is not a creative writing program, but being able to communicate your ideas clearly, succulently, and persuasively is a vital skill in business and in our classes.  

  • Be patient with yourself. Take time to reflect, brainstorm, rewrite, and EDIT. It will likely take more than one draft to craft your final submission. 
  • Don’t copy and paste. Do not use the same content for multiple business school applications or repeat things verbatim from your resume. We can always spot recycled content, and we want to know you’ve put time and care into your application. 
  • STAY ON PROMPT. 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?  
  • Show your personality. The cover letter is a way to learn more about you. Our community values authenticity and we appreciate submissions that give us an understanding of who you are and what kind of student you will be.
  • 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! 


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.  

Test Options for Working Professional & Executive MBA

Preparing for and taking an MBA admissions exam is one of the best ways to get your mind back into academic mode as you prepare for business school. 

 Working Professional and Executive MBA candidates have several options 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 

or

In addition, studying for and taking the exam – for some, even taking it multiple times – can show the Admissions Committee your commitment to the competitive business school application process and how you may approach academic challenges as a student.  Our preference will always be a recent test score, however, we recognize that many students have other accomplishments and credentials that prove their ability to handle the rigors of our programs. 

This post contains a lot of information, broken down into three sections:  

  • Should I Petition for a Test Waiver? 
  • Which Exam is Right for You?  
  • Submitting Your Test Requirement 
  • Impact of Your Test Score  

Should I Petition for a Test Waiver? 

Standardized exams like the GMAT, GMAT Focus, GRE, and EA evaluate a candidate’s academic preparedness for the rigor of business school and is one metric used to compare candidates within a large pool of applicants.  Submitting a strong, valid test score will give the Admissions Committee an additional, relevant data point that may strengthen a candidate’s position for admission.  

Scholarship awards are another aspect to think about when deciding which test to submit. All of our Working Professional MBA programs– The Weekend MBA in Dallas and Houston, and the Evening MBA in Austin– award small recruiting scholarships to outstanding incoming students based on the merits of the application. While the committee reviews each candidate holistically when awarding scholarships, a strong, valid test score is one of the clearest ways to distinguish yourself.

Executive MBA candidates must have at least 8 years of work experience to apply, but Executive MBA students have an average of over 14 years of experience. If your work experience is below average and only have a bachelor’s degree, plan to submit the EA.

Submitting a Test Waiver

 A merit-based test waiver is available by request prior to submitting your application. Waivers/Exceptions are not available for applicants who have already sent scores to UT. 

To be considered for a test waiver, an applicant must have: 

  • A minimum of three years of substantive and progressing post–undergraduate work experience, preferably of an analytical or quantitative nature. 

AND at least one of the following:

  • Completion of an undergraduate degree, with a strong academic record, preferably with analytical or quantitative courses.
  • Completion of a graduate degree, with strong academic record, preferably in an analytical or quantitative discipline.

To complete the merit-based test waiver petition, candidates must submit a short statement highlighting the merits of their request, an up-to-date resume, and undergraduate and/or graduate transcripts. If you do not already have a UT EID, create one here.   

  • Submit the  General Test Waiver  petition form prior to submitting your application.   
  • A decision on your test waiver request will be shared within 5-10 business days after submission. Test waiver petitions must be submitted no later than 7 days prior to the application deadline for the round to which you are applying. 

Approval for the test waiver petition is merit-based and considers your work experience and academic history. The Admissions Committee will be assessing your academic and professional background, looking for evidence of demonstrated readiness –specifically in quantitative subjects –for the rigorous MBA curriculum. To improve the chances of petition approval, we highly advise applicants to have an overall GPA of 3.0 or more.   

The truth is that by removing one component from your application, your other components will carry more weight in the committee’s final decision.  

 As you evaluate your testing options or consider a test waiver petition, we challenge you to assess the quantitative data points on your application and think about what will strengthen your overall MBA candidacy.  While some applicants may not need a test score to build their case, other applicants may significantly enhance their chances of being admitted (and getting a scholarship) by having a strong test score.   

Which Exam is Right for You?   

The Admissions Committee does not prefer one test over the other in terms of demonstrating your preparedness for business school, but it is important to think about which exam is best for you as an individual. There are different reasons to consider taking the GMAT vs GMAT Focus vs the GRE vs the EA.  

While the GMAT, GMAT Focus, and GRE tests both have quantitative and verbal sections, they have noticeable differences. We encourage you to do your research and take practice tests to learn each test’s points of emphasis, and how they are scored.   

 When you’re considering an MBA program for a specific career path, it’s good to know what the recruiting landscape looks like. Be sure to educate yourself on choosing a test for your career search before starting your test prep.  

 Both The GMAT, GMAT Focus, and GRE are adaptive, which means that your success in answering questions correctly has an impact on the future questions you are given. But the tests deliver adaptive questions in different ways.  

  • The GMAT and GMAT Focus are adaptive by question. When you get an answer correct, the next question is more difficult, and when you get an answer wrong, the next question is less difficult. This also means that once you answer a question, you can’t go back to that question.  
  • The GRE is adaptive by section. If you do well on the first verbal section, you get a more difficult version of the next verbal section and vice versa.  

 We have included some more details about the GMAT, GMAT Focus, GRE, and EA below, but if you are unsure which exam is best for you, here are our tips:  

  • We recommend taking some practice tests! There’s a chance you may be more comfortable with one test format over the other.  At the end of the day, the choice of which exam to take is yours. 
  • Build in study time and leave yourself enough room on the calendar to retake an exam if necessary. If you’re not happy with your score, you can retake either test. While many candidates take the test only once thinking it will fulfill the requirement, others recognize that a second effort is likely to yield improvement. It comes at the cost of additional time and another test fee, but the payoff can be significant if it makes you a stronger candidate.
  • Make sure you submit your application as confidently as possible and with a score you feel good about. 

Submitting Current or Expired GMAT, GMAT Focus, GRE, or EA Scores  

For current scores, you must self-report your test scores in your application as well as have official score reports sent directly to UT– Austin by the testing agency. The date your official scores are sent to UT– Austin by the testing agency should be no later than the application round deadline, as it can take up to 3-4 weeks for new scores to be processed. If you are taking the GMAT, GMAT Focus, GRE, or EA online, allow up to two weeks to receive your score from the testing agency. You must have your test score in hand by the application deadline in order to submit your application.  

 For expired scores (5 years or older), you must self-report your score and upload proof of the test score in the application. Examples of proof for expired test scores include a score report you received previously from the testing agency OR documentation from another educational institution that previously received the score (e.g. for another graduate/terminal degree application).  

Impact of a Test Score  

Future Employment 

Before you make a final decision on your testing options or a waiver petition, it’s best to research some of your target companies or industries and determine two things:  

  • The extent to which they evaluate a test score in reviewing job candidates.  
  • Whether they have a preference for one of the tests. At McCombs, we have found that most top-tier consulting and investment banking firms do ask for a candidate’s test scores, and both industries historically have favored the GMAT.  

You should consider taking the GMAT, GMAT Focus, GRE, or EA as another opportunity to not only impress the Admissions Committee but also potential employers.  


Academic History
 

Does your undergraduate or graduate transcript accurately reflect your academic ability? If your GPA is low, and you do not submit a strong test score, the Admissions Committee may have concerns about your ability to succeed in the rigorous MBA curriculum.  

One other factor to consider is whether or not your quantitative ability shines elsewhere in your application. While many of our MBA students come to McCombs from non-quantitative majors, these applicants are typically able to prove their quantitative prowess through their test scores. If you come from a non-quantitative background and do not submit a strong test score, you will need to find other areas within your background or experience that can demonstrate your quantitative skills.   

At the end of the day, we want to make sure that you are set up to succeed academically in the program. If the Admissions Committee has concerns about your quantitative ability, it may impact your chance of admission, or you may be required to complete pre-MBA coursework prior to admission and/or prior to enrollment. 

 

Scholarships 

 Scholarship awards are limited to Weekend MBA in Dallas and Houston, and Evening MBA candidates, and are competitive and limited in number. Scholarship decisions are based on a longstanding holistic review process that considers your entire application and serves to assess the overall strength of your candidacy, including readiness for academic rigor, career goals, leadership potential, and fit with our program culture.  Submitting a strong, valid test score will give the Admissions Committee an additional, relevant data point that may strengthen a candidate’s position for scholarship awards. 

Please note the Executive MBA program does not provide scholarships. 

Summary  

As you evaluate your testing options or a test waiver petition, we challenge you to assess the quantitative data points on your application and think about what will strengthen your overall MBA candidacy.  While some applicants may not need a test score to build their case, other applicants may significantly enhance their chances of being admitted (and getting a scholarship) by having a strong test score. At the end of the day, being objective about the quantitative data points you present on your application will help ensure you put your best foot forward in the admissions process.  


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.  

Reapplying to Texas McCombs

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

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

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

burnt orange button that reads "watch our reapplication webinar"

Application

All candidates reapplying are required to complete a new application. We have also updated our application components to include a cover letter, video assessment, and optional peer interview. You will be required to submit these new items and pay the application fee. Our cover letter prompt has changed from last year, so copying and pasting old essay responses from a previous application cycle is not recommended. In addition, rewriting your cover letter shows effort!  

Review the application process and components 

Learn more about the new application updates 

Official Transcripts

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

Test Scores

GMAT, GMAT Focus, GRE and Executive Assessment scores are also kept on file for one year, and overall, scores are valid five years after the date the test is taken. Candidates also have the option to apply for a merit-based test waiver; however note that if you have already sent us official scores, we must consider them in the evaluation process. The McCombs Admissions Committee considers only the highest total submitted score in the evaluation of applications. 

Recommendation Letter   

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

Video Assessment 

Reapplicants will be asked to complete the new 2023-2024 video assessment as part of their new application; due to differences in timing and questions, we will be unable to use any video assessments from the prior year. 

 How Have You Improved?  

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

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


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!

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

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


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

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

RANKINGS

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

#6 Working Professional MBA

#14 Executive MBA

#20 Full-Time MBA

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

RECRUITING

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

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

Texas stats graphic for the report.

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

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

ROI

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

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

Source: GMAC Corporate Recruiters Survey – 2022

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

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

 

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

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

Of course, this barely scratches the surface.

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

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


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

Chris Stafford Reignites MBA at Houston eQual to Foster Community for LGBTQ+ Students

Written by Meena Anderson

Chris Stafford, MBA at Houston Class of 2024, is reigniting the Weekend MBA program’s eQual chapter, an organization aimed at fostering community and solidarity among LGBTQ+ MBA students. 

“When I started the Fall semester in Houston, I learned that eQual Houston had fizzled away during COVID-19 and needed fresh blood to give it a restart,” Chris says. “I know how important it is for community engagement and representation both internally and externally. I think it’s really important to have LGBTQ+ representation in the program and also for students to get involved in the local LGBTQ+ community.”

Alongside completing his MBA, Chris is employed at ExxonMobil. Prior to his MBA journey, he graduated from the United States Merchant Marine Academy (USMMA) in 2010 and served as an Officer in the Navy Reserves. 

Photo of chris in his navy uniform standing outside of a navy hospital ship.

Chris during his time in the Navy Reserve in 2011.

“The ‘Don’t Ask Don’t Tell’ policy (DADT) was still in place while I was a Midshipman at USMMA and for the beginning part of my time as an Officer in the Reserves, this policy required that I keep my identity as a gay man a secret and live my life ‘in the closet,’” Chris says. “I actually wrote my admissions essay to McCombs about the repeal of DADT and how it shaped my career. Serving under the DADT policy was not easy and surely presented lots of obstacles, but I am a stronger person for it.”

Photo of chris and his husband kissing at their wedding.

Chris and his husband, Tyler, kiss during their wedding.

Chris says his background in maritime operations and trading influenced his decision to apply to the Weekend MBA at Houston program.

“I really want to grow my business acumen and enhance my understanding of different aspects of business that I have yet to be exposed to. My employer is very supportive of me getting my MBA and I am really hoping to bring back to the office what I am learning at McCombs,” he says. “When trying to decide on where to go for my MBA, there were a few options locally here in Houston I was considering. I wanted a strong academic program with a large network, great reputation and prestige and a big school atmosphere.”

After settling in at the program, Chris and his classmates got in contact with the Dallas and Austin chapters of eQual, who were instrumental in helping reboot the organization for the Houston program.

“We plan to link up with both Austin and Dallas eQual groups more in the future and try to host some joint events,”  Chris says. “We announced to our classmates on National Coming Out Day that eQual was back and that started the buzz. We had significant interest and were super excited to get it going.”

For the future of Houston’s eQual endeavors, Chris and other organizers in the group plan to engage with the local community and increase awareness about topics of diversity and inclusion.

Chris and his husband hold up a rainbow pride flag

Chris and Tyler pose with a rainbow Pride flag at Cross Fit.

“We plan to get involved in local philanthropic and volunteer endeavors, for example the Houston Pride Parade and Montrose Center,” he says. “We plan to bring in guest speakers to speak to eQual about inclusion and diversity in the workplace, and hopefully get local executives that identify as LGBTQ+ to speak to our cohorts about their experiences in the corporate world.”

Ultimately, Chris’ goal is to uplift and support the McCombs — and extended — LGBTQ+ community in both the corporate world and their academic ventures.

“Our main goal is to be a voice for the students in the Houston MBA program, especially those of us that identify as part of the LGBTQ+ community and our allies. We strive to protect and promote an inclusive and safe environment and celebrate diversity in all forms within the program. We want to leverage LGBTQ+ alumni to help mentor and recruit students that are a part of the eQual group, as well as act as a recruiting tool for the admission team to continue to admit diverse classes in the future.”


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

Hook ’em!

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