UT Austin McCombs MBA Program – A Complete Overview

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Embarking on a Master of Business Administration (MBA) journey is a transformative decision, and the McCombs School of Business at the University of Texas at Austin stands as a beacon for those seeking a world-class business education. In this comprehensive article, we delve into a complete overview of the McCombs MBA Program, offering insights into the class profile, tuition fees, application deadlines, cost of attendance, and the myriad of scholarships available. Whether you are a prospective student contemplating the next step in your academic and professional journey or a current MBA candidate, this guide aims to provide a holistic understanding of what makes the McCombs MBA experience truly exceptional.

Texas McCombs MBA

Class Profile

The University of Texas at Austin’s McCombs School of Business is known for its rigorous MBA program that attracts a diverse group of talented individuals. As we delve into the MBA Class Profile for the entering fall of 2025, a mosaic of experiences, backgrounds, and achievements come to light.

Class Size and Age Distribution

The class of 2025 at McCombs School of Business is comprised of a total of 241 students. The average age of the cohort is 29, with the middle 80% range spanning from 25 to 34 years old. This age distribution showcases a mix of seasoned professionals and early-career aspirants, contributing to a dynamic and varied learning environment.

CategoryData
Class Size241
Average Age29
Age Range (80%)25-34

Gender and International Representation

Diversity is a hallmark of the McCombs MBA program, as seen in the gender and international composition of the class. Approximately 35% of the students are female, fostering gender diversity within the cohort. Furthermore, 26% of the class comprises international students, enriching the program with a global perspective.

CategoryData
Female Students35%
International Students26%

Ethnic and Racial Diversity

The commitment to fostering diversity extends to U.S. minority students and underrepresented minorities (URM). The class of 2025 includes 35% U.S. minority students, while underrepresented minorities make up 18% of U.S. citizens and permanent residents in the program.

CategoryData
U.S. Minority Students35%
URM Students18%

Other Notable Figures

The class profile also highlights various other aspects that contribute to the vibrancy of the MBA community:

  • Consortium Members: 37 students are part of consortium programs.
  • Forté MBA Fellows: 61 students have been awarded Forté MBA Fellowships.
  • Dual Degree Students: 15 individuals are pursuing dual degrees.
  • Average Years of Work Experience: The average work experience is 5.9 years, with the middle 80% range spanning from 3 to 10 years.

Academic Background and Achievements

The academic prowess of the class is evident in their diverse undergraduate majors and standardized test scores:

Undergraduate Majors

Business/EconSTEMHumanitiesOther Majors
35%32%13%20%

Test Scores

GMAT ScoreGRE Verbal ScoreGRE Quant Score
704 (Average)160-165154-169

Additional Achievements

  • U.S. Military Service: 14% of the class has a background in active duty or veteran U.S. military service.
  • Average Undergrad GPA: The average undergraduate GPA is an impressive 3.46.

This diverse and accomplished group of individuals within the McCombs MBA Class of 2025 ensures a rich exchange of ideas, experiences, and perspectives, creating a learning environment that reflects the complexity of the global business landscape.

MBA Application Deadlines

Here are the crucial deadlines for the Full-Time MBA program. Make sure to mark these dates on your calendar and submit your application on time to embark on your academic journey.

RoundApplication DueDecision DeliveredEnrollment Deposit Deadline
1October 10, 2023December 14, 2023February 1, 2024
2January 5, 2024March 21, 2024April 25, 2024
3March 26, 2024May 2, 2024May 16, 2024
4May 9, 2024June 6, 2024June 13, 2024

Applications must be submitted by 11:59 PM Central Time on the specified deadline date for each round. Be sure to review the requirements thoroughly and submit your application well in advance to ensure a smooth and timely process. 

MBA Cost of Attendance

The tuition structure distinguishes between Texas residents and non-residents.

The following table provides a breakdown of estimated one-year tuition and fees for the Full-Time MBA program:

ResidencyEstimated Tuition & Fees
Texas Resident$52,550
Non-Texas Resident$58,720

Additionally, a non-refundable $2,000 deposit is mandatory upon accepting the offer of admission. This deposit is credited toward the first-semester tuition bill.

Full-Time MBA Estimated Cost of Attendance

Beyond tuition and fees, the comprehensive cost of attendance for Full-Time MBA students includes various components to ensure a holistic financial plan. The estimates are based on a standard enrollment of 15 hours per semester:

Expense CategoryEstimated Cost
Tuition and FeesAs per residency status
Room & BoardIncluded in cost of attendance
TransportationVariable
BooksVariable
Personal/MiscellaneousVariable

Additional Expenses

For those in need of financial aid, certain expenses can be appealed to be included in the cost of attendance:

Expense CategoryEstimated Cost
Full-Time MBA Student Fee$1,000
Laptop Computer$2,500
UT Academic Health PlanVariable
International Student ServicesVariable

Prospective students must factor in these additional expenses when planning for their MBA journey. Keep in mind that tuition and fees are subject to change through legislative action.

UT Austin McCombs MBA Scholarships

When it comes to pursuing an MBA at the McCombs School of Business, the prospect of financial support is a crucial consideration. Fortunately, McCombs offers a range of scholarships for Full-Time MBA applicants, ensuring that deserving candidates can embark on their educational journey with financial ease.

For U.S. Citizens & Permanent Residents

All Full-Time MBA applicants are automatically considered for scholarship opportunities. McCombs provides recruiting scholarships in the form of cash awards and out-of-state tuition waivers, ranging from $2,000 to full-tuition awards.

Consortium Applicants

If you apply through the Consortium for Graduate Study in Management (CGSM), you stand a chance to be considered for McCombs-funded scholarships and fellowships specifically designated for Consortium applicants. This adds an extra layer of financial support along with benefits from CGSM.

Partnerships with Forté Foundation and Others

McCombs proudly partners with organizations like the Forté Foundation, Reaching Out MBA (ROMBA), and Teach for America. The MBA Admissions Committee selects candidates for Fellowships with these organizations annually, offering not only a McCombs scholarship but also additional benefits as Fellows.

For International Students

International students are not left out of the scholarship opportunities. McCombs ensures that they are considered for scholarships at the same rate as domestic students. Similar to U.S. citizens and permanent residents, international MBA students are automatically evaluated for recruiting scholarships ranging from $2,000 to full-tuition awards.

SYLFF Global Fellows

The MBA Admissions Committee annually selects SYLFF Global Fellows among international students to bring diverse global perspectives to McCombs. Selected individuals receive a SYLFF scholarship in addition to their Fellows benefits.

Continuing Student Scholarships

For those already immersed in the MBA journey, McCombs offers 2nd Year MBA Scholarships during the first year of the program. These scholarships, based on merit and need, are a testament to the ongoing support provided by the school through the generosity of individual donors and corporate supporters.

External Opportunities

Beyond the realm of McCombs-specific scholarships, there are external opportunities worth exploring. Private organizations like Pay It Forward MBA, Fastweb, Salle Mae Graduate School Scholarship Search, and Juno offer additional avenues for financial support.

As prospective and current MBA students navigate their academic pursuits, McCombs ensures that a spectrum of scholarship opportunities is available, reflecting the school’s commitment to fostering a diverse and talented community. Keep an eye out for notifications from the McCombs Financial Aid team and external scholarship resources to make the most of these opportunities.

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