It’s true what they say, everything’s bigger in Texas. This includes the University of Texas McCombs School of Business, which enjoys an international reputation as one of the best business schools in the world.
For Texas residents, one of the most attractive features of the McCombs MBA program is its accessibility. The McCombs MBA program is not geographically limited to Austin; in fact, UT offers MBA programs in Austin, Dallas/Fort Worth, Houston, and even internationally, in Mexico City. This appeals to many Lone Star state residents because it allows students to earn an MBA from a top-flight program with a prestigious reputation without having to uproot and move to Austin to do so. If you are not a Texas resident, you should not be worried about your out-of-state status; 28% of students in the class of 2017 are international, and 43% are out of state.
McCombs is a very competitive program, with an average undergraduate GPA of 3.4 and an average GMAT score of 694. See below for a full 2017 class profile:
When viewing the above admission data, if you are more interested in a part-time MBA program, keep in mind that as a general rule part-time MBA programs tend to be less competitive statistically than full-time MBA programs. The reason for this is that most part-time programs are stretched out over two or sometimes even three years, so they are less rigorous and consequently are not subject to the same stringent admission standards as full-time program.
They also say that you have to spend money to make money, and McCombs is no exception to this rule. Currently, UT charges approximately $21,449 per semester enrolled in a MBA program. This adds up to a whopping $85,996. However when you factor in other costs, like books, special event ticket prices, cost of living, etc. the total cost is actually closer to $127,144, making the McCombs School of Business MBA program one of the most expensive in the country. According to poetsandquants.com, the McCombs MBA program is the 20th most expensive in the United States.
Although the sticker price may seem prohibitive, consider the average starting salary of McCombs MBA graduate. According to the University of Texas, the median salary of McCombs MBA graduates from the class of 2015 was $113,500. If you have time, although slightly outdated, I encourage you to review the linked article directly as it provides interesting information into popular industry destinations for McCombs MBA graduates.