McCombs School of Business (University of Texas, Austin)

The McCombs School of Business, known also as McCombs School or McCombs, is a business school at The University of Texas located in Austin. McCombs offers classes on the main campus in Downtown Austin and also in Dallas and Houston. 

Besides offering traditional full-time classroom degree programs, McCombs houses 14 collaborative research centers. It is renowned for its Master in Business Analytics and Executive MBA courses.

In addition to these programs, the school offers a range of courses in accounting, consulting, entrepreneurship, finance, management, international business, and marketing, management information systems.

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Students who want to get admitted to McCombs School of Business should pay the online application fee of $90. McCombs has an acceptance rate of 34%. Foreign applicants applying for admission to McCombs need to have a GPA of at least 3.0, which is equivalent to 83% to 86% or more.

For those who want to enroll in MBA and relevant courses, a score on the GMAT of at least 650 to 740 and on the GRE, a score of a minimum of 169 is required. Besides these, students need to get LORs (letters of recommendation) and write effective essays.

The estimated cost of pursuing a degree in the school is $52,270. Students can, however, get easy fee exemptions when they apply for several scholarships and financial aid that the university provides.

After graduation, the students can expect to earn an average annual salary of $123,432. More than 77% of graduates McCombs get job offers by the time they pass out.

Rankings of McCombs School of Business

As per QS World University Rankings, 2022, McCombs School of Business was ranked #14 in Masters in Marketing and US News and World Report, 2022 ranked it #18 in Best Business Schools

Main Features of McCombs School of Business

Type Of University	Public
Basic Tuition Fee for International Students	$58,270
Average Fee	$52,270
Application Fees	$90
Annual Acceptance Rate	28.5%
Percentage of International Students	10%

Programs Offered at McCombs School of Business

The university offers several programs for undergraduate, postgraduate, and doctoral programs.

Course

MBA

Executive MBA

Masters in Professional Accounting

Masters of Science In Business Analytics

Master of Science In Finance

 

Among the other courses, the university offers are Master of Science in IT Management, Master of Science in Healthcare Transformation, Master of Science in Energy Management, Master of Science in Technology Commercialized, Master of Science in Marketing, Bachelors of Business Administration, etc.

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Campus and Accommodations at McCombs School of Business

The campus of the b-school is a host to several extracurricular programs including cultural events, dance, sports, films, and music for students. Students, therefore, are spoilt for choice as they can involve in various activities:

• Students of McCombs School of Business can participate in festivals all around the year, such as Austin City Limits Music Festival, Austin Food & Wine Festival, Austin Film Festival, South by Southwest, and Texas Book Festival.
• Attractions located at outdoors like Barton Creek Greenbelt, Barton Springs Pool, The Butler Trail, Lady Bird Lake, and Zilker Metropolitan Park offer students an opportunity to spend time in nature.
• Students can visit prestigious locations and theaters such as ACL Live at The Theater, Alamo Drafthouse, Austin City Hall, Broken Spoke, Congress Avenue Bridge Bats, and Sixth Street.
• Various cafeterias dot the campus, with each having different cuisines to provide homely food for students.
• Cab services and local transport services are functional so that students can travel around.

Accommodations at McCombs School of Business

The school provides on-campus as well as off-campus housing facilities for students who join it.

On-Campus Housing

The on-campus accommodation can house 500 students in Honours Quad. The Honours Quad is home to Andrews, Blanton, and Carothers Residence Halls.

• For on-campus accommodation, the application must be completed quickly once the student gets an offer for admission.
• Students need to pay application fee of $200 initially and $300 as advance later also requires to be paid upon receiving the confirmation of admission.
• 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.

Off-Campus Housing

Off-Campus housing which is only a five to 10 minute walk is also made available. Students can easily rent apartments as per their needs surrounding the university. Some of the available accommodations are as follows: 

Name	Distance (miles)
Ashton	1.7
AMLI Downtown	1.7
Pecan Street Lofts	1.7
706 West Avenue Condominiums	1.7

The average cost of accommodation surrounding the campus is $84.3 per month.

Application Process at McCombs School of Business

Students willing to join McCombs School of Business should get themselves updated regularly with the application process. Students need to complete an online application.

Requirements for Admission

• A four-year bachelor’s degree from a recognized university
• Payment of the application fee of $90 needs to be made for the course
• Two essays on topics relevant to the course must be submitted by the student
• Résumé
• 2 letters of recommendation (LORs)
• Standardized test scores of GMAT and GRE

Requirement for Proficiency in the English Language

If students want to get shortlisted for the b-school, the following should be their minimum scores:

• In IELTS, it is 7.5
• In TOEFL iBT, it is 105

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Cost of Attendance at McCombs School of Business

Students registering for a full-time course at McCombs must pay semester wise that is stated as follows:

Expense	Non-Resident (USD) per semester
Tuition	58,270
Housing	15,392
Transportation	1,542
Books & Supplies	1,034
Personal / Misc.	4,086
TOTAL	80,324

Scholarships Provided by McCombs School of Business

McCombs School of Business provides scholarships and financial aid for national as well as international students. Some of the scholarships that international students are offered are as follows:

• Recruiting scholarships offered to foreign students are $2,000 (in cash) or full tuition.
• The school’s MBA management committee provides Sylff Global fellow scholarships to encourage diverse universal outlooks.
• The school has entered into partnerships with Reaching Out MBA, The Forte Foundation, and Teach for America. Because of the partnership, the MBA management committee chooses annually students for Fellowship.
• In addition, financial assistance is provided every year also at UT Austin by The Office of Scholarships and Financial Aid (OSFA).

Alumni of McCombs School of Business 

The university has successful alumni from diverse walks of life. McCombs School of Business ensures providing the alumni with several benefits. Benefits for the alumni include forging relations, building networks, improving career prospects, and more.

Placements at McCombs School of Business

The school attracts top companies who want to recruit its graduates from the campus. The average annual salary they were offered is $123,432. 

Program	Salary (USD) Per Year
MBA	167,000
Executive MBA	153,000
BBA	148,000
Executive Masters	183,000