Texas McCombs MBA Insider

Insider Information for Prospective Texas McCombs MBA Students

Tag: MBA cost

How to Fund Your Working Professional & Executive MBA at Texas McCombs

Pursuing an MBA while working full-time is a significant investment—both in time and money. If you’re considering Texas McCombs for your MBA journey, you’re looking at a program that US News & World Report ranks as the #6 Working Professional MBA and #12 Executive MBA program in the country. But like most working professionals, you’re probably wondering how to make this investment more affordable.

Here’s the reality: scholarship opportunities for our Working Professional and Executive MBA students are limited, but they do exist. More importantly, there are multiple funding paths that can make your Hildebrand MBA at Texas McCombs financially feasible. Whether you’re considering our Evening or Executive MBA in Austin or our Weekend MBA programs in Dallas/Fort Worth or Houston, understanding all your options is the first step toward making your MBA dream a reality.

Most successful Working Professional and Executive MBA students don’t rely on just one funding source. Instead, they combine employer support, federal aid, and sometimes scholarship awards to create a financing strategy that works for their situation.

McCombs Working Professional MBA Scholarship Options

Let’s start with what many prospective students ask about first: scholarships. Texas McCombs offers Admissions Recruiting Awards specifically for Working Professional MBA students across all three locations. The good news is that every applicant is automatically considered for these awards during the admissions process—no separate application required.

These scholarships are merit-based, with some consideration given to financial need. They’re designed to recognize candidates who demonstrate exceptional academic and professional achievement. However, it’s important to set realistic expectations: these awards are limited in number, and the funding available varies from year to year.

When scholarships are awarded, amounts vary, but the average is around $10,000 for the duration of the program. The exact percentage of students who receive scholarships changes annually, but historically it’s between 10% – 15% of our incoming class.

If you’re applying early in the admissions cycle, you may have a slight advantage. More scholarship funding tends to be available in the earlier rounds, so submitting a strong application for Round 1 deadlines can improve your chances of scholarship consideration.

McCombs Executive MBA Scholarship Option

While Executive MBA students do not receive Admissions Recruiting Awards, they can apply for the EMBA Legacy Scholarship each year they are in the program. Generally, the EMBA Legacy Scholarship is a cash award up to $5,000. The application process is handled by the EMBA program coordinators in the spring.

Veteran Benefits and Support

Military veterans have access to several valuable funding options for their Working Professional MBA.

  • Post-9/11 GI Bill®:Veterans can utilize their Post-9/11 GI Bill benefits, which provide tuition assistance along with housing and book stipends that can significantly offset program costs. UT Austin’s Veteran Certification Team works directly with students to optimize these VA Education Benefits alongside any McCombs scholarships or waivers you might receive.
  • Hazlewood Exemption: While the Texas Hazlewood Act tuition exemption doesn’t apply to Working Professional MBA programs, McCombs offers a separate Texas Military Waiver that can provide comparable financial relief for eligible veterans. This waiver is designed specifically to support military students in our part-time programs who may not qualify for traditional state benefits.

Beyond Scholarships: Other Funding Sources

Given the limited nature of scholarship funding, most professional MBA students finance their education through other means. The advantage of being a working professional is that you have access to funding sources that full-time students don’t.

Employer Tuition Assistance

Many companies offer tuition assistance or reimbursement programs for employees pursuing advanced degrees, especially MBAs. This is often your best bet for significant funding support. Employers recognize that professional MBA students bring their learning directly back to work, making it a solid investment in their workforce.

If your company doesn’t currently offer tuition assistance, consider making a business case for it. Highlight how the skills you’ll gain can benefit your current role and the organization’s goals. Some employers will create ad-hoc arrangements even if they don’t have formal programs.

Start this conversation early—ideally before you even apply. Some companies require pre-approval for tuition assistance, and you’ll want to understand any commitments they might require (like staying with the company for a certain period after graduation).

Loan Options

  • Federal Loans:S. Citizens, Permanent Residents, and other eligible non-citizens can typically access the Federal Direct Unsubsidized Loan for part-time MBA programs. You’ll need to complete the Free Application for Federal Student Aid (FAFSA), to be eligible. The 2026-2027 FAFSA is already available. At the latest it is recommended you have your FAFSA completed by June 1. The Federal Direct Unsubsidized loan may offer better terms than private loans, including fixed interest rates and flexible repayment options. The amount you can borrow is $20,500, the annual limit, for an academic year (fall/spring/summer) .
  • Private Education Loans: Private/alternative loans are an option available outside of the federal or state student loan programs. These loans can fill gaps that federal aid doesn’t cover, or you may decide to forego the Unsubsidized Loan completely and borrow only private loan. Students who plan to take only private loans do not need to complete the FAFSA. Ethically, the University cannot currently recommend lenders, so shop around if you’re considering this option.  One practical tip: check how long your loan approval remains valid to make sure it won’t expire before you start the program.

While McCombs can’t be your co-signer nor recommend specific private lenders, the Office of Scholarships and Financial Aid works with all major banks and lending institutions once you’ve secured approval elsewhere.

External Scholarships

Don’t overlook smaller scholarship opportunities. Professional associations in your industry sometimes offer scholarships for members pursuing MBAs. These tend to be smaller awards, but every bit helps, and they’re often less competitive than major university scholarships.

Recipients of outside scholarships can find payment information to provide their donor here: https://finaid.utexas.edu/ut-financial-aid-policy/outsidescholarshipspolicy/

Maximizing Your Funding Strategy

The strongest scholarship candidates typically have a few things in common: strong academic records, competitive standardized test scores (if submitted), and clear evidence of professional leadership and impact. If you’re serious about scholarship consideration, applying in earlier admissions rounds gives you the best shot at available funding.

But remember, most successful professional MBA students use a combination of funding sources. Your strategy might include employer tuition assistance for a portion of costs, federal loans for another portion, and personal savings or payment plans for the remainder. This approach often proves more reliable than hoping for a substantial scholarship award.

Next Steps

The best time to start planning your MBA financing is before you apply, not after you’re admitted. This gives you time to have those conversations with your employer, complete your FAFSA if applicable, and understand all your options.

Key deadlines to keep in mind: FAFSA typically opens October 1 and MBA application deadlines vary by program and round. If you’re targeting scholarship consideration, focus on those earlier application rounds.

Have questions about funding your McCombs MBA? Our admissions and financial aid teams are here to help you navigate these decisions. Don’t let financing concerns keep you from exploring what could be a game-changing investment in your career.

The path to funding your Working Professional and Executive MBA might involve multiple sources, but with planning and the right strategy, your Texas McCombs MBA education is more attainable than you might think.

Mastering the Employer Support Conversation,
As Told by Current MBAs

Pursuing an MBA while working full-time allows you to immediately apply new skills and knowledge to drive your career forward. For those considering an MBA program, seeking employer tuition support can supplement your financial planning and make a top-ranked program more accessible. The Texas McCombs School of Business offers Evening and Executive MBA options in Austin, and Weekend MBA programs in Dallas/Fort Worth and Houston, all catered to working professionals, giving you the the ability to complete your advanced studies without career disruption. As you consider Texas McCombs and determine how to fund this investment, here’s how to have an effective conversation about receiving tuition support from your company.  

First, employer tuition support refers to companies funding all or part of an employee’s graduate school costs. This usually includes tuition reimbursement up to a set amount per year. It may also cover textbook purchases, travel for residencies, and time off to study and attend classes.  

Securing MBA employer support can be advantageous for both employees pursuing further education, as well as for companies supporting their staff. Some key advantages include:  

Benefits for Employees Benefits for Employers
Reduce out-of-pocket education expenses Improve talent retention
Position yourself for a promotion Encourage professional development
Gain skills to help you advance Gain employees with upgraded skills

Initiating the Support Conversation 

When looking to secure employer support for an MBA program, it is strategic to lay the groundwork with your manager early on. A current Dallas MBA student said, “My biggest piece of advice is to start the conversation with your manager about your MBA early on. Once I started doing research, I sought out my manager’s advice. We discussed my decision criteria, whether it was the right time to go, etc. This way, when it came time to talk about employer support it was 1 – not a surprise and 2 – came from a place of furthering my career, which is beneficial for both parties.” 

When the time comes to formally request financial backing, prepare specifics on your program of interest and anticipated costs. Antonio Hung (MBA at Houston) took this approach by first getting organized and gathering all the information possible.

“First, I made sure to understand our company’s sponsorship policies, then I set up a face-to-face meeting on a Friday afternoon with my manager to talk about my career goals and how pursuing an MBA could benefit both me and the organization. I was honest and transparent about my ambitions and how the program could contribute to our mutual success.”

The most compelling case ties your development to benefits for your employer. As Michael De Lucia (Evening MBA) did, “I explained that I thought getting my MBA would help me to be a more effective leader and build more core competencies that would directly benefit our team.” He connected his request to previous career path discussions showing how the MBA aligned with his roadmap, and highlighted how bringing back knowledge could aid his team. 

Tips for an Effective Discussion 

Having an organized, compelling case for tuition assistance is key to securing employer support and sponsorship. Useful strategies include: 

  • Looking at our curriculum to find specific classes/opportunities that McCombs provides that would benefit your company’s objectives and help you improve or advance in your role
  • Highlight the access to expert faculty and a wide range of other business professionals to learn from and to help you spark new ideas
  • Emphasize the strength of the Longhorn Network of students and alumni. This can come in handy should your company have openings they need to fill
  • Quantify the anticipated return on investment and performance benefits 
  • Align your goals to your manager’s career plans for you
  • Start the conversation early while applying, when your reasons for pursuing an MBA are fresh 

In my case, the areas I wanted to develop through the MBA were roughly the same developmental areas that I knew were going to get me on a better trajectory inside my current company, so I leveraged some of the same talking points from my application and my essays to talk to my manager about it,” said Giuliano Seguro (Evening MBA). “I also anchored on the example of peers and other people at the company that also had done an MBA and how it affected their trajectory within the company. One thing that really helped was introducing my manager to the managers of these other peers that had gone through the MBA so that my manager could understand from someone in their position what was like for them to have someone on their team that had gone through a similar program.” 

Addressing Challenges &
Managing Expectations

Your manager may be hesitant for reasons like budget restrictions or concerns about work disruptions. Be ready to make a case by highlighting your past performance. Offer reasonable accommodations like using vacation time to attend residencies or making up hours spent in classes. 

One of the more significant challenges I encountered during my MBA was a change of reporting lines,” said Kelly Benda (MBA at Houston). With the managerial change, I needed to be sure that my new manager was not only aware of the sponsorship agreement, but also supportive of the associated time commitment. To make sure each transition went smoothly, I initiated the discussion early.Every manager is different, but transparency was always the priority. I outlined the time commitments and potential impacts to my schedule and work. In some of my roles, my job included some weekend operational support, so I was constantly communicating with my manager when I was concerned about any conflicts with the weekend class schedule.”

Once support is secured, it’s vital to proactively manage expectations. Schedule regular check-ins with your manager to discuss program updates, workload changes, and potential flexibility needed for exams or course commitments. Come prepared with clear talking points and be transparent about any struggles so you can collaboratively problem-solve.

Seguro emphasized overcommunication: “I made sure that nothing came as a surprise to my manager at any time during the program. I had to get out of my comfort zone and learn to ask for help when needed. My manager knew what was going on with my MBA at all times and whenever I needed to re-balance priorities at work to fit the MBA and vice-versa, we were always able to find a solution together.” 

Share what you learn in the classroom with your manager and team. Not only does this benefit your team with the latest research on a topic, but it also demonstrates the value your employer is gaining by sponsoring you in the program. Often you will have the opportunity to use a team project assignment in class to solve an issue for your company. Look for these opportunities to showcase the benefits your employer is gaining through your experience and connections. 

I had a frank conversation with my manager on what I thought I would be able to reasonably take on while pursuing my MBA and they were candid in their expectations towards me. I detailed out the structure of the program (e.g. class Monday & Tuesday) and how I would be unavailable during those times but offered that I would be able to make up for that later in the week should it be needed,” DeLucia said. “My manager set the expectation that I prioritize and get my work done on time and that if there were things that I was struggling with bandwidth-wise that I would communicate and be upfront about it.”  

How Sponsorship Shapes Your
Career Trajectory
 

Securing employer assistance for MBA tuition not only eases financial barriers but influences career growth in meaningful ways. By backing educational investment in their people, companies open up expanded advancement routes and signal retention priorities. 

As Hung shared, it “gave me the confidence to pursue a working professional MBA without compromising my career trajectory. It reinforced my commitment to personal and professional growth while strengthening my alignment with the organization’s goals.” When companies invest in tuition assistance, it signals retention plans and advancement potential. 

For DeLucia, getting employer support approval “solidified that I would be able to successfully pursue the degree financially” and served as a catalyst. By easing the monetary constraints, he could accelerate his timeline and optimize his learning. 

The fresh knowledge gained also opens up new trajectories internally. As Seguro experienced, support enabled realizing “there was still runway for me to grow inside the company in areas I didn’t think possible before the MBA.” New business perspectives connected opportunities to pivot roles. 

As Matt Bowen (Evening MBA) summarized, sponsorship facilitates “this great synergy where what you learn on Monday, you can apply on Tuesday and what is learned on Tuesday gets applied on Wednesday, and so on.” When companies sponsor tuition, they reap the benefits of elevated employee skills and can quickly apply emerging lessons at work. The outcome is growth and mobility for both sponsored professionals and their supportive employers alike. 

Pursuing an MBA while maintaining your career is a challenging yet rewarding path that leads to immense personal and professional growth. By securing employer tuition support, financial barriers are reduced and unique opportunities are unlocked. With transparent communication, shared vision, and ongoing collaboration, employees and companies together reap the multitude of benefits from this valuable investment. The outcome is strategically aligned career progression, optimized talent development, and synergistic gains on both sides. Now equipped with tips for securing sponsorship, you can confidently initiate the conversation and put plans in motion to propel yourself toward your next-level goals. 


Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.

Hook ‘Em!

Your MBA Return on Investment

 

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!

In addition to (McCombs) having the lowest tuition and fees out of the top 20 schools for the last two years, McCombs’ grads had the largest gap between how much students made after graduation and how much they owed." U.S. News, 2017

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.

Your MBA Return on Investment

 

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!

In addition to (McCombs) having the lowest tuition and fees out of the top 20 schools for the last two years, McCombs’ grads had the largest gap between how much students made after graduation and how much they owed." U.S. News, 2017

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.

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