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Contact Information: Admissions, MBA Program Office, 1 University Station, B6004 Austin, TX 78712 Phone: (512) 471-7612 Fax: (512) 471-4243 View Website |
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Average GMAT: 681.00
GMAT Range (25-75%): 650-710
Average Undergrad GPA: 3.39
Regular Application Deadline: 04/01
Rolling Admission: Yes
School Type: Public
Average Age: 28.00
Average Work Experience (months): 60
Student Faculty Ratio: 5:1
Evening Program: Yes
Executive MBA Program Offered: Yes
Total Faculty: 116
Hired Consulting: 24%
Hired Finance: 39%
Hired Operations: 4%
Hired Marketing: 18%
In-State Tuition: $23,950.00
Financial Aid Deadline: 03/31
Students Receiving Some Aid: 64%
Average Annual Total Financial Aid: $45,891.00
School Says - Student Body
The School at a Glance
MBAs at the McCombs School of Business enjoy the depth and accessibility of the faculty, close ties to the Austin business community, the emphasis on collaboration over competition, and the infusion of technology, entrepreneurship, and globalization throughout the curriculum. McCombs is strong in all major disciplines, and is consistently ranked as a top 20 business school in the major national rankings. The programÂ's hometown of Austin also routinely rates as one of the best places in the country to live and work.
In the fall of 2001, the school received endowment revenues from a $50 million gift from entrepreneur Red McCombs, implementing a strategic plan to rise to the next level of excellence in business education.
Technology and entrepreneurship are already especially strong, anchored by a distinguished information management program that includes the countryÂ's preeminent e-business research center and a model entrepreneurship curriculum anchored by the MOOT CORP business plan competition awarding over $130,000 in prizes annually.
McCombs supports a diverse student body, which provides the opportunity for expansion professionally, academically, and personally. McCombs MBA students represent more than 30 different countries, allowing for intense cultural exchange, and with students from every race and religion and a vast range of professional experiences, the community is rich and lively. The school aspires to continue to grow the awareness of diversity issues in both the business school, and, ultimately, in the workplace. As we expand our community, we will continue to increase the interaction between our current students and prospective studentsÂâ€"broadening the scale and scope of our outreach.
Partnerships with three of the top Latin American business schools enable us to maintain a strong presence and continue to build mutually beneficial relationships for the university and our corporate partners. McCombs has been recognized as the number one business school for Hispanic students for two years running.
With more than 20 alumni chapters worldwide, the McCombs MBA network grows stronger each yearÂâ€"providing students and alumni the opportunity to maintain close ties to the school and reap the benefits of the resources created for them.
Students
There are 800 MBA students in the full-time program on average, and typically about 25 percent are female. The average age is 28. These students enter with an average of five years work experience, an average GMAT score of 680, and an average undergraduate GPA of 3.4. About 30 percent of the class has an undergraduate degree in business, 23 percent in the liberal arts, 33 percent in a technical field, and 11 percent in economics. The McCombs School counts diversity among its strong points, and over 25 percent of the class is international, hailing from more than 30 different countries worldwide.
Class of 2001 Statistics
Average Salary: $87,874
Average Guaranteed Bonus: $18,824
Average Signing Bonus: $21,335
School Says - Admissions
Admission to the McCombs School is highly competitive. Last year we received 2,552 applications and admitted 765 students. In reviewing applications, the admissions committee seeks to assess an individualÂ's potential for academic success and future professional growth.
All applicants are urged to meet the December 15 early application date. April 15 is the application deadline for domestic applicants; February 1 for international applicants. Application reviews begin as early as mid-December and are reviewed on a rolling admissions basis in order of their receipt.
The McCombs School of Business accepts applications from the following sources:
Students Say - Academics
The MBA program at the McCombs School of Business earns its stellar national reputation with "top 15 rankings in all the major concentrations" and excellent placement results, but it's the program's add-ons that have students here excited. McCombs students aren't simply satisfied to master their program's demanding curriculum; this school "attracts really driven and talented young professionals" anxious to "take advantage of all the MBA program has to offer, such as the MBA Investment Fund, Venture Fellows, Plus Program, MootCorp, the Austin Technology Incubator, etc."
McCombs' Plus Program "gets a lot of press" for "connecting students with their dream companies to work on consulting projects solving real business issues." One student reports that the program "enabled me to receive one-on-one professional coaching for teamwork, presentation skills, and interviewing. It has enabled me to do real projects with companies that I have always been curious about like REI. It has helped me get mergers and acquisition training that helped me learn the language prior to the interview season. It is a great way for me to branch out and build my exposure to new things." All these characteristics make Plus "very beneficial for career switchers," MBAs here agree.
Yet there are some here who insist that Plus "is not the crown jewel of the program." They point instead to several other programs, such as Venture Fellows, "a leadership and academic program that allows students the opportunity to learn more about the venture capital and private equity communities" through guest speakers and internships with local private equity and venture capital firms. They also trumpet the MBA Investment Fund, which "manages $15 million of all private dollars. No public or university money is managed here and the students have to report to private investors while managing the fund." Finally, there's the students' "widespread interest in global trips. With such a diverse student body and the importance of globalization, interest in international affairs is growing every day. Students can choose to study abroad for a semester and tons of students choose to participate in global trips--two-week excursions, part business/part cultureâ€"to large business development centers around the globe."
Students report strong offerings across the board, with pronounced strength in entrepreneurship, finance, and marketing. The faculty offers "both practitioners and academics that add to the overall learning experience," although they warn that "There are some incredible professors here, but those are the classes that are really hard to get into. If Texas can attract better teachers as opposed to just researchers (or develop them), it should be a top-ten school."
Students Say - Admissions
The McCombs School accepts online applications only. A completed application must include: a resume detailing work history (two years of post baccalaureate work experience is strongly recommended); personal essays; official copies of transcripts for all post-secondary academic work; letters of recommendation; an official score report for the GMAT; and, for international students whose first language is not English, an official score report for the TOEFL. Programs designed to increase minority and disadvantaged populations at McCombs include: Jump Start, which "targets undergraduate seniors who are academically qualified for a top-ranked MBA but lack the required work experience"; Explore McCombs, a three-day preview of the school for qualified African-American, Hispanic- American, and Native-American applicants; participation in the Consortium for Graduate Study in Management, a thirteen-university alliance working to facilitate excellence in graduate business education for minority students; attending the annual conferences of the National Society for Hispanic MBAs (NSHMBA) and the National Black MBA; and Women's MBA Weekend, a three-day preview of the program for women considering an MBA.
Students Say - Campus Life
The McCombs MBA program works hard to build community fast. As one student explains, "The Texas MBA program offers new students the opportunity to meet classmates before classes start through the McCombs Adventure Program. This summer students traveled to Morocco, Costa Rica, Chile, and Napa Valley." The trend continues through students' first semester. "At the beginning, classes are back to back with your own cohort," writes one student. "After the first semester, people do one core class and the rest electives. People are more united at the beginning of the MBA given the constant interaction. As semesters progress, people get to gather in groups and have classes with other graduate or undergraduate peers."
Life on the Austin campus provides "a good combination of work and play. The first semester is brutal and filled with busy work, but the rest of the semesters offer more options for classes and a better learning environment. Plenty of social and cultural events throughout the year offer the opportunity for networking and building up the strong community here at McCombs." In addition, "Austin is a vibrant city that is perfect for business school students. The attractive nightlife and social network of students make the transition from the professional world to business school very smooth.
Students Say - Careers
McCombs' status as a high-ranking program ensures a robust recruitment season for MBAs. Students note that "the Texas MBA program offers one of the few specializations in energy finance and has considerable contacts in the energy industry, including major energy companies (ExxonMobil, Shell, El Paso, TXU, etc.). The MBA program also offers significant access to the major investment banks and their energy groups." Also, "The MBA alumni base is strong and supportive."
Top employers of McCombs MBAs include 3M, Accenture, Alliance Residential Co., Alvarez & Marsal,Bank of America Securities, Booz Allen Hamilton, Boston Consulting Group, Cambridge Associates, Capgemini U.S. LLC, Chase, Chevron, Citigroup , ConocoPhillips, Dell, Deloitte Consulting, Dimensional Fund Advisors, Discover Financial, Eli Lilly & Co., Everest Group, Exxon Mobil Corp., Frito-Lay, Hewlett-Packard, Hoover's, IBM, J.P. Morgan, Johnson & Johnson International, KPMG, Lehman Brothers, McKinsey & Co., Mercer Management Consulting, Merrill Lynch, Microsoft Corp., Progressive Insurance, USAA Real Estate Co., Wachovia Securities, and Walmart.
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