Tag: texas mccombs (page 2 of 17)

Executive MBA NYC Immersion: Leadership and Cultural Exchange

This post is written by Sean Ashby, Executive MBA ’25. 

Every semester the Executive MBA cohort takes a trip off campus for a long weekend where students get exposure to different industries and participate in rigorous experiential learning opportunities. Last semester we went to New York City where we got to network with alumni, visit Morgan Stanley, and got an executive seminar on thinking on your feet and conveying emotion with a business-focused improv class on Broadway.

Our class arrived Wednesday afternoon, excited for the experiential learning opportunity that awaited us. We all had a family-style Italian dinner at Carmine’s. It was a sight it was to see an entire Executive MBA cohort seated upstairs enjoying some New York City Italian cuisine.

one photo of the Carmine's neon sign outside. photo two features the inside of the restaurant with students eating.

Executive MBA Students out to dinner at Carmine’s in New York City.

Bright and early the very next morning we met with the Head of Strategic Client Solutions and Co-CEO of Macquarie Capital, Miki Edelman. This intimate setting proved to be a blessing as we got to ask questions about Miki’s career and learn the details of what helped take her career to the stratosphere in her industry. Miki not only shared her challenges and successes but gave us all advice on how to make our way into the C-suite.

Laura Correnti, Partner at Giant Spoon, an ad and marketing agency, spoke to us about the importance of branding in the marketplace.

Following the intimate career discussions with two industry insiders we went to Morgan Stanley where we spent the afternoon learning about the operations of the financial giant. From AI and Crypto initiatives to investing strategies for high-net-worth individuals and families, we all got exposure to the teams making the financial world turn.

man lecturing in front of a screen in a classroom

Lecture with Morgan Stanley.

The cohort spent the evening on a rooftop bar off of Broadway meeting alumni and networking over hors d’oeuvres. Meeting alumni in the city was refreshing. We all learned of their post-Executive MBA outcomes and gained new connections.

Despite the late night, we all attended the executive seminar and improv sessions on Broadway led by Professor McDermott.  Many of us were anxious at the thought of being on a stage in front of our cohort, but the nerves quickly dissipated as we maneuvered through various exercises. The seminar that we all were once apprehensive for became a crowd favorite by the end. We all learned more about ourselves and our classmates and came away with new skills that were directly transferable to the business world.

Students performing improv at a Dunder Mifflin set.

Students preform improv on a Dunder Mifflin set.

Professor Luis Martins led us to a close on Friday and Saturday as we discussed the dynamics of power and politics in the corporate setting. As we discussed case studies and strategies to make better decisions Professor Martins instilled upon us the duty we will have as leaders to get it right for our peers and subordinates. “Design trumps management” as we have routinely discovered throughout the course.

An optional guided tour of The Met was the perfect aperitif for an immersion week steeped in leadership development, branding, decision-making, and thinking on your feet. Like the UT motto “What Happens Here Changes the World”, what happened in New York City helped mold us into future leaders and decision-making athletes for the corporate world

statue

Hook ‘em!
Sean Ashby, EMBA ’25


If you have any questions about Texas McCombs, 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!  

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. 

Bar graph that highlights that Texas McCombs has the most affordable tuition cost compared to the top 20 business schools ranked by U.S. News and World Report, 2023

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.  

Banner that represents scholarship info: 86% enrolled international students received scholarships; 77% admitted students received scholarships; $21,000 average scholarship amount awarded; $20,000 median scholarship per year.

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 students 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! 

How to Submit a Successful MBA Recommendation Letter

The Texas McCombs Working Professional and Executive MBA applications require one professional letter of recommendation from a person who has supervised your work and/or has directly assessed your work performance during your career.  

A recommendation letter is the only component of your application where you rely on someone else to provide information, so it is important that you carefully decide who you will ask to be your recommender. The Admissions Committee uses this recommendation to assess your work capabilities, such as your motivation, contribution, strengths, areas of growth, etc.  

What is in the Recommendation Letter?  

First of all, this is NOT the traditional letter of recommendation you typically think of where someone writes a letter on your behalf to vouch for your professional performance. Texas McCombs uses the GMAC Common Letter of Recommendation. Your recommender will receive a link to assess specific competencies/traits and answer three short-response questions.  

 Keep in mind that while there are other programs using this form, some schools will ask a different series of questions.  If you’re applying to more than one MBA, you may be asking your recommender to separately fill out different forms. Make sure they do not copy and paste their responses.  

Who should write your MBA Recommendation?  

Circumstances differ for every applicant and deciding who you should ask might vary.  Below are some scenarios to help guide you in choosing the best recommender for your MBA 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 and can speak to your professional capabilities.  

However, in some instances, your current supervisor 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 long. Or, you’re an entrepreneur and don’t have a supervisor.   

All of these are valid reasons to look for other recommendation sources. If you choose to request a different recommender than your current supervisor, please explain your choice in the Optional Essay.  

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, your previous boss may be the best choice, especially if you had a strong professional relationship with that person. This is the most common alternative option. 

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

Your Client or Vendor 
This recommendation source is typically 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. 

Mentor or Other Options 
Mentors can be from inside or outside of your workplace who have a clear understanding of your professional value. Also, there are many individuals who may fall in the category of “other recommenders.” For example, a former professor, a colleague, or a coach. However, be sure that the person you select has worked with you on measurable tasks and understands your professional experiences to ensure they will provide a recommendation with depth. This is the least preferred option by the admissions committee. 

 

Other Tips:  

  • 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 the information that the Admissions Committee is looking for.  
  • Steer clear of asking a direct report (someone who reports up to you) or a family member to submit a letter of recommendation.  
  • When it comes to other 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 the Admissions Committee is looking mainly at your post-undergraduate work experience.    

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 before the 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. It may be a good idea to revisit certain projects you worked with them on. 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 information on the recommendation before you ask, especially the timeline for when you will be submitting your application. Let them know they will be receiving a link to fill out the recommendation, and that they do NOT need to write a supplemental letter.  


If you have any questions during the application process, we’re here to help. Join us at an upcoming event to connect and learn more about Texas McCombs.  Please sign up for MBA news and follow us on Instagram at @UTexasMBA to stay updated. 

Hook ’em! 

 

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!

Highlighting Your Work Experience

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. 


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!

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