McCombs School of Business is the business school of University of Texas and is globally recognized for its EMBA and Masters in Business Analytics courses. Apart from these programs, the b-school offers a variety of courses in concentrations accounting, consulting, entrepreneurship, finance, general management, international business, marketing, management information systems.
Students willing to take admission to McCombs School of Business must note that the process begins in the month of August and the online application fee is $90 (~6,700 INR). With an acceptance rate reported to be 34%, McCombs is known for its selective admissions policy. International applicants seeking admission to McCombs must have a competitive GPA of 3.0 (~83-86%) or more and scores of standardized exams to study in USA. For those of you looking to get into MBA and related business courses, GMAT score between 650-740 and GRE scores in quant and verbal 169, respectively, are required. Along with the examinations students are also required to submit LOR’s and written essays.
The general cost of pursuing a degree program with McCombs School of Business is $52,270, However, students can easily get fee waivers by applying for various scholarships and financial aid in the USA provided by the university. With high investments made by the applicants, they can expect earnings of $123,432 on an average. The B-school reports 77.2% graduates get employed at the time of graduation.
McCombs School of Business Rankings
- #14 in Masters in Marketing by QS World University Rankings, 2022
- #29 in Masters in Finance by QS World University Rankings, 2022
- #18 in Best Business Schools by U.S. News and World Report, 2022
- #1 in Accounting by U.S. News and World Report, 2022
- #11 in Executive MBA by U.S. News and World Report, 2022
McCombs School of Business Highlights
| Type Of University | Public |
| Faculty Members | 437 |
| Basic Tuition Fee for International Students | $58,270 |
| Official Website | https://www.mccombs.utexas.edu/ |
| Employment Rate | 77.20% |
| Average Fee | $52,270 |
| Average Salary Package | $123,432 |
| Application Fees | $90 |
| Annual Acceptance Rate | 28.5% |
| Percentage of International Students | 10% |
| Class Size | 241 |
McCombs School of Business Campus and Accommodations
The campus of McCombs School of Business has various extracurricular programs like sports, culturals, dance, music and films for students. While on campus students can indulge in a lot of activities, some of these are:
- McCombs School of Business comes with a world class campus that offers students opportunities to indulge into various research and development projects.
- Students enrolling in McCombs School of Business get an experience of amazing festivals all around the year. They can indulge into festivals like Austin City Limits Music Festival, Austin Film Festival, Austin Food & Wine Festival, South by Southwest, Texas Book Festival.
- Outdoor attractions like Barton Springs Pool, Barton Creek Greenbelt, The Butler Trail, Lady Bird Lake, Zilker Metropolitan Park will give students an experience in nature.
- Students can also visit iconic locations and theatres like ACL Live at The Theater, Alamo Drafthouse, Broken Spoke, Austin City Hall, Congress Avenue Bridge Bats, Sixth Street.
- Various eateries around the campus area with different cuisines are available to provide students homely food.
- Cab services and local transports are operational in the area for students to travel around.
McCombs School of Business Accommodations
McCombs School of Business has both on-campus and off-campus accommodation facilities for students joining the university.
On-Campus Accommodation
The on-campus accommodation offers housing for 500 students with the name Honours Quad. The Honours Quad includes Andrews, Blanton, and Carothers Residence Halls.
- The application for on campus accommodation needs to be filled as soon as the admission application gets approved.
- The application fee of $200 is required initially and later an advance of $300 also needs to be paid by the student once receiving the confirmation.
- The housing facility also follows an online plan selection where students can choose the housing and dining plans.
- The on-campus housing comes with a price range of $970- $1,003 for one bedroom unit.
Explore: Student housing in USA
Off-Campus Accommodation
Off-Campus accommodation with a walking distance of 5-10 minutes is also available. Students can easily rent apartments according to their needs around the university area. Some of the apartments available are:
| Name | Distance (miles/minute) |
|---|---|
| Ashton | 1.7/7 |
| AMLI Downtown | 1.7/7 |
| Pecan Street Lofts | 1.7/7 |
| 706 West Avenue Condominiums | 1.7/7 |
The average housing cost around the campus area is $84.3 per month.
McCombs School of Business Programs
The university offers various programs for both undergraduate, postgraduate and doctoral programs. Students willing to get admission into programs by McCombs Business School can look for deadlines here.
| Course | Deadline |
|---|---|
| MBA | Round 3- March 29, 2022 |
| Executive MBA | Round 1: February 15, 2022 Round 2: June 15, 2022 |
| Masters in Professional Accounting | Applications will open on August 30, 2021. |
| Masters of Science In Business Analytics | Round 3-March 28, 2022 Round 4- May 16, 2022 |
| Master of Science In Finance | Round 2-January 10, 2022 Round 3- March 28, 2022 Round 4-May 16, 2022 |
The university also offers other courses like Master of Science in Healthcare Transformation, Master of Science in IT Management, Master of Science in Marketing, Master of Science in Technology Commercialized, Master of Science in Energy Management, Bachelors of Business Administration etc.
McCombs School of Business Application Process
Students willing to take admission in McCombs School of Business need to be regularly updated with the application process. Students need to fill out an online application.
Admission Requirements
- A bachelor's degree by an accredited institution or college.
- Application fee for $90 for the course needs to be submitted.
- 2 essays on the topics according to the course needs to be submitted by the student.
- Resume
- 2 LOR
- Standardized test scores like- GMAT Scores- 650-740, GRE Scores- Quant 159, Verbal 159.
Also check: Best student cities in USA
English Proficiency Test Requirements
McCombs School of Business accepts different examinations and if the score is eligible according to the requirement the student gets shortlisted for the further process.
McCombs School of Business Cost of Attendance
Students enrolling into a Full Time course at McCombs School of Business need to pay semester wise fees in various categories like Tuition, housing, transportation etc, and schedule for the year 2021 as follow:
| Fees | Non-Resident (USD/Semester) |
|---|---|
| Tuition | 58,270 |
| Housing | 15,392 |
| Transportation | 1,542 |
| Books & Supplies | 1,034 |
| Personal / Misc. | 4,086 |
| TOTAL | 80,324 |
Also check: US Education System
McCombs School of Business Scholarships
McCombs School of Business offers scholarships and financial aid in different forms for both national and international students. Some of the scholarships provided to international students are:
- Recruiting scholarships are offered to international students in the form of cash awards for $2000 or full tuition.
- Sylff Global fellow scholarship is provided by MBA management committee to promote diverse global perspectives.
- McCombs has partnerships with The Forte Foundation, Reaching Out MBA and Teach for America. Due to the partnership MBA management committee selects students for Fellowship annually.
- Other than this financial aid is also provided every year by The Office of Scholarships and Financial Aid (OSFA) at UT Austin.
McCombs School of Business Alumni
The university has a wide range of alumni doing great in their respective careers in different fields. McCombs School of Business makes sure to provide the alumni several benefits. Alumni Benefits include building relationships and networks, accelerating career, and leadership roles and benefits.
Notable Alumni of McCombs School of Business:
- Ken Parekh, CEO at Parekh Partners, LLC
- Arthur Mills, IV, Executive Director at Talent Management and Organizational Strategy Fulton County Schools
- Ken Weitzel, Management Consulting
- Peter Almond, Managing Director Head of Energy Syndicated & Leveraged Finance SunTrust Robinson Humphrey
- Matt Altenau, Principal at Fayez Sarofim & Co.
- Chad Auler, President, and Co-founder at C. Auler Holdings
McCombs School of Business Placements
McCombs School of Business has a great placement structure with top companies recruiting students from the campus.The average salary offered to them is $123,432 with an employment rate of 77.2%. Some companies offering top packages to students are:
| Company | Salary Package (USD/year) |
|---|---|
| Dell, Inc. | 92,000 - 179,000 |
| Amazon.com Inc | 118,000 -147,000 |
| Raytheon Co. | 75,000 -113,000 |
| International Business Machines (IBM) Corp. | Upto 143,000 |
| HP Inc. | Upto 141,000 |
Senior Financial Analyst, Director of Operations, Chief Executive Officer (CEO), Finance Manager are the highest paid careers. The undergraduate and postgraduate programs like MBA, Executive MBA, BBA etc. have different salary packages. The degree specific average annual salaries of McCombs graduates are as follows.
| Program | Salary in USD Per Year |
|---|---|
| MBA | 167,000 |
| Executive MBA | 153,000 |
| BBA | 148,000 |
| Executive Masters | 183,000 |
*The base salary mentioned is exclusive of bonus and extra perks.
Studying at McCombs School of Business students are required to indulge themselves into industry based problem solving situations. Various group activities and research groups are made at the university level to impart students knowledge related skills. The different courses provided by the university enhance the student understanding spectrum further and makes them work closely with real life problems.
FAQ’s
Q1 McCombs School of Business Ranking?
Ans. McCombs School of Business is ranked #18 in Best Business Schools by US News 2022.
Q2 How to apply for McCombs School of Business Admissions?
Ans. You can apply online here. The online application requires a fee of $90.
Q3 McCombs School of Business average salary package and what are the top hiring companies?
Ans. McCombs School of Business has an average salary package of $123,432. Amazon and Raytheon Co.are the top hiring companies.
Q4 Does McCombs School of Business have an online MBA?
Ans. McCombs School of Business is following various approaches like face to face MBA and online MBA. However, due to the ongoing pandemic university is following a hybrid approach for classes where students are offered a mix of online and offline sessions.
Q5 McCombs School of Business requirements?
Ans. McCombs School of Business has an acceptance rate of 28.5% and follows various requirements for admission. 2 essays on the topics according to the course needs to be submitted by the student. You will also need a student resume, 2 letters of recommendations, and relevant entrance tests like IELTS, TOEFL, GMAT and GRE according to the course.
Q6 Can the application fee of McCombs School of Business be waived?
Ans. Yes, it can be waived if the student attends Quick Admit admissions event.
Q7 Can I apply without full time work experience?
Ans. Yes, a smaller percentage of students are accepted without full time experience. However, most students seeking admission carry 10 years of experience.
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