What Is McCombs School of Business?

McCombs School of Business is the business school of the University of Texas at Austin. The school offers undergraduate and graduate programs. The McCombs School of Business is well-known for its full-time Master of Business Administration (MBA) program, which is often ranked in the top 20 in the United States by Forbes and U.S. News & World Report.

Key Takeaways

  • McCombs School of Business is located at the University of Texas at Austin.
  • Yearly tuition and fees cost $51,050 for Texas residents and $56,572 for non-state residents and international students.
  • In 2021, the full-time MBA cohort consisted of 260 students, of whom 20% were international students, 40% were female and 16% identified as an underrepresented minority.
  • The majority of enrollees scored between 650 and 740 on the GMAT.
  • The 2018 graduating class reported an average starting salary of $119,036 and an average signing bonus of $29,929.

How McCombs School of Business Works

The McCombs School of Business was previously known as the UT Austin College of Business Administration and Graduate School of Business. The UT System Board of Regents changed the named to the Red McCombs School of Business in 2000 after the entrepreneur and philanthropist donated $50 million. McCombs is a San Antonio businessman and the former owner of the Minnesota Vikings, San Antonio Spurs and the Denver Nuggets.

In 2020, the McCombs School of Business enrolled more than 12,600 students. Of these, about 10,900 were undergrads, with grad students and Ph.D. candidates making up the remainder. Its teaching faculty consisted of 214 full-time equivalent professors.

For undergrads, the McCombs School of Business allows students to take minors in business and public policy, energy management, entrepreneurship, international business, global management, healthcare, professional sales and business development, real estate, and risk management.

For those interested in accounting, the school offers an Integrated Masters in Professional Accounting program that combines an undergraduate business degree with a Master in Professional Accounting degree that takes five years to complete. This program is often cited as among the best graduate accounting programs in the United States.

The McCombs School of Business offers a range of MBA and postgraduate programs. The full-time MBA cohort for 2021 consists of 260 students. Of these, 20% are international students, 40% are female and 16% identify as an underrepresented minority. The majority of enrollees scored between 650 and 740 on the Graduate Management Admission Test (GMAT).

The full-time MBA program requires two years to complete. The school also offers part-time MBA programs for working professionals. This includes an evening MBA program, an Executive MBA Program, and weekend classes at campuses in Houston and Dallas.

Real World Example of McCombs School of Business

In 2019, Forbes ranked the McCombs School of Business as the 18th best full-time MBA program in the United States. U.S. News & World Report also ranked the school at No. 18, while the Financial Times ranked it No. 40 globally.

Yearly tuition and fees cost $51,050 for Texas residents and $56,572 for non-state residents and international students. Full-time MBA students graduating in the class of 2018 reported an average starting salary of $119,036 and an average signing bonus of $29,929. After leaving the McCombs School of Business, graduates typically find employment in the technology sector, management consulting, financial services, consumer products, and oil and energy.