McCombs School of Business
Austin, United States
- Cost of Living$ 18,540
- Tuition Fee From$ 29,378
- Country Rank-
- Batch Strength12,937
- Global Diversity-
- Gender Ratio-
Overview
About
The McCombs School of Business is a renowned business school located in Austin, Texas. It is a part of the University of Texas at Austin and is considered one of the top business schools in the world. The school is named after Red McCombs, a billionaire entrepreneur, and philanthropist who donated a significant amount of money towards the school's establishment. Founded in 1922, the business school has been providing world-class business education for almost a century. It offers undergraduate, graduate, and doctoral programmes in a variety of business-related fields such as accounting, finance, marketing, management, and information systems.
The undergraduate programmes are highly competitive and selective, admitting only the most talented and driven students. The curriculum is rigorous and prepares students for the challenges of the business world. The programme also emphasises experiential learning, offering students numerous opportunities to engage in real-world business projects and internships.
The graduate programmes at McCombs are equally prestigious and highly regarded. The MBA programme is ranked among the top 20 in the world by the Financial Times, and the Executive MBA programme is ranked among the top 10 in the United States by the Wall Street Journal. The school also offers several specialised master's programmes, including a Master of Science in Finance, a Master of Science in Information Technology and Management, and a Master of Science in Business Analytics.
The business school also has a strong commitment to research and scholarship. The faculty members are leaders in their respective fields, and the school boasts several research centres and institutes, including the Centre for Business, Technology, and Law, the Energy Management and Innovation Centre, and the Supply Chain Management Centre.
The McCombs School of Business also has a vibrant and active student community. The school offers numerous clubs and organisations for students to join, including the Graduate Business Council, the Women in Business Association, and the Entrepreneur Society. These organisations provide students with opportunities to network, develop leadership skills, and engage in community service.
In addition to its academic programmes, the school is also known for its entrepreneurial spirit. The school has a strong focus on innovation and entrepreneurship, with numerous resources and programmes to support aspiring entrepreneurs. The school's Herb Kelleher Centre for Entrepreneurship is a hub for entrepreneurship at the university, providing students with access to mentorship, funding, and other resources to help them launch and grow their own businesses.
Ranking
The institution is preferred by many students, both domestic and international. It has been ranked by many educational publishers and agencies. These rankings are based on factors like subjects offered, faculty, staff and facilities, student satisfaction, etc. Below are the highlights of the rankings of the institution
- U.S. News University Rankings - Best Business Schools(2023) - #18
- U.S. News University Rankings - Part-time MBA (2023) - #8
Course Rankings
Many Courses offered at the institution are also ranked by various education publishers. Below are a few course-wise rankings of the university
- U.S. News Rankings - Accounting (2023) - #1
- U.S. News Rankings - Management (2023) - #12
- U.S. News Rankings - Business Analytics (2023) - #7
- U.S. News Rankings - Marketing (2023) - #9
- U.S. News Rankings - Entrepreneurship (2023) - #8
- U.S. News Rankings - Real Estate (2023) - #7
Year
QS Ranks
US News Ranks
2023
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Facilities
McCombs School of Business boasts a wide range of state-of-the-art facilities designed to provide an enriching and conducive environment for students, faculty, and staff. Below are some of the widely used facilities at the institution
Classroom Facilities: The business school has modern and well-equipped classrooms with advanced audio-visual technology to facilitate interactive and collaborative learning among students.
Study Areas: The school provides designated study areas for students, including group study rooms, quiet study spaces, and computer labs, where students can work on assignments, conduct research, and collaborate on group projects.
Career Services: The school offers comprehensive career services to help students with their career development, including career counselling, job search strategies, resume review, interview coaching, and networking opportunities.
Financial Trading Room: The school also has a state-of-the-art Financial Trading Room equipped with real-time financial data terminals, allowing students to gain hands-on experience in analysing financial markets and making investment decisions.
Entrepreneurship Resources: The school has resources for aspiring entrepreneurs, including an Entrepreneurship Centre that provides mentoring, networking events, and business development programmes to support students interested in starting their own businesses.
Research Centres: The school also has several research centres focusing on various business disciplines, such as the Centre for Business, Technology, and Law, the Centre for Global Business, and the Centre for Leadership and Ethics, which provide opportunities for faculty and students to engage in cutting-edge research and thought leadership.
Conference and Event Spaces: There are conference rooms and event spaces that can be used for meetings, workshops, seminars, and other events, providing opportunities for students, faculty, and external partners to collaborate and engage in academic and professional activities.
Student Organisations: There are numerous student organisations focused on different business areas, such as finance, marketing, consulting, and entrepreneurship, which offer networking opportunities, professional development, and extracurricular activities to enhance the overall student experience.
Technology Resources: The school also provides access to various technology resources, including computer labs, software applications, online databases, and other digital tools to support students in their academic pursuits and professional development.
Notable Alumni
Courses
Admission
McCombs School of Business Entry Requirements
McCombs School of Business is a popular choice for many students. Its admissions process can be moderately competitive. The entry requirements vary depending on the programme selected. Students may also have to pay an application fee. The minimum requirements do not guarantee admission as decisions are based on a holistic review of all application materials. Below are the supporting documents required for admission:
Undergraduate requirements
- High School Transcripts
- College Essay
- 3 Short Answers
- SAT/ ACT scores - 1380/30
- IELTS/ TOEFL Scores
- LOR
- Personal statement
Graduate requirements
- Undergraduate degree certificate and official transcripts
- GMAT scores - 700
- IELTS/ TOEFL scores
- LOR
- Professional CV
Accepted English proficiency test scores
- TOEFL-iBT - 79
- IELTS - 6.5
McCombs School of Business Fees
The institution offers several programmes at different levels. Listed below are the fees based on various courses
- M.S Marketing - $28,133 /Year
- B.S Architectural Studies - $44,634 /Year
- B.S Environmental Engineering - $44,634 /Year
Placements
McCombs School of Business has a strong track record of placing its graduates in various industries and job functions. The school has a dedicated career services office that provides support to students and alumni in their job search efforts. This includes offering resources such as career counselling, networking opportunities, job postings, interview preparation, and on-campus recruiting events with a wide range of employers.
According to the school’s employment report, 91% of MBA graduates accepted full-time job offers within 3 months of graduation. In the past, graduates have gone on to work in diverse industries such as consulting, finance, technology, healthcare, energy, marketing, and more. They have also pursued various job functions including finance, marketing, consulting, operations, entrepreneurship, and general management.
Scholarship
Regardless of the program you are studying, there are several scholarship opportunities provided by the university as well as other organizations. With so many scholarships available now, overseas students can greatly lower the financial burden of studying in a new country. You can apply for scholarships to study at the McCombs School of Business through UniScholarz. You can find the following types of scholarships based on your academic performance and financial situation:
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Merit-based scholarships
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Need-based scholarships
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Country-specific scholarships
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College-specific scholarships
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Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the McCombs School of Business. For Indian students, UniCreds is the ideal education loan marketplace if you’re looking for low-interest rates and free consultation services!
Accommodation
There are several student housing options available for students planning to attend the McCombs School of Business. You may select from a wide choice of affordable yet elegant student flats, halls of residence, studios, en-suites, and more! You have the option of staying on campus in the university halls of residence or a private residence. Because of their proximity to the university, on-campus housing options may be ideal; nevertheless, they tend to fill up fast and are more expensive.
UniAcco simplifies the process of finding student housing and offers a variety of options. As a result, students can select from a wide range of available student accommodations near the university, such as luxury studios, en-suites, and shared apartments that are more inexpensive and student-friendly.
Cost of Living
Austin is known for its vibrant music and arts scene, as well as its outdoor activities and thriving food culture. It has a lot to offer to its residents. Living in the city is generally affordable. The cost of living in Austin is 1% higher than the national average. This is due to an increase in the prices of housing in recent years. Accommodation in the city can be 18% costlier than the national average. It is always advisable to plan and select a neighbourhood that fits your budget. Utilities on the other hand at 6% cheaper compared to the U.S. average. Below is a list of the expenses that prospective students should keep in mind
|
Items |
Cost |
|
Off-Campus Accommodation |
$912 |
|
On-Campus Accommodation |
$1,126 |
|
Transportation |
$110 |
|
Food Cost |
$287 |
|
Utility Cost |
$151 |
|
Entertainment |
$52 |
|
Groceries |
$60 |
|
Clothes |
$124 |
|
Health Insurance |
$80 |
|
Total Cost of Living with Off-Campus Accommodation |
$1,776 |
|
Total Cost of Living with On-Campus Accommodation |
$1,990 |
|
Annual Cost of Living |
$21,312 |