McCombs (UT Austin) 2013 Calling All Applicants

I am an R2 applicant (admitted 2/13). I received the scholarship call yesterday too (3/14). It's 10k/year for 2 years. Neither the phone call nor the letter mentioned out-of-state tuition waive. Do those of you who got the same call receive out-of-state tuition waive in addition to the scholarship? Does the letter clearly state this?
Anyways, a big surprise and I am really happy. Best wishes to all those are still waiting for the results.

I am an R2 applicant (admitted 2/13). I received the scholarship call yesterday too (3/14). It's 10k/year for 2 years. Neither the phone call nor the letter mentioned out-of-state tuition waive. Do those of you who got the same call receive out-of-state tuition waive in addition to the scholarship? Does the letter clearly state this?
Anyways, a big surprise and I am really happy. Best wishes to all those are still waiting for the results.

Greetings from the McCombs School of Business. We are excited to offer you an increased Admissions Recruiting Scholarship. Your new scholarship offer is $10,000 plus and an Out-State Tuition Waiver (worth approximately $15,000 per year). This is a merit based scholarship (worth approximately $25,000 for your first year in the MBA program) given to applicants with strong academic backgrounds, solid career experience and demonstrated leadership and involvement. We view you as a candidate who embodies the values of the McCombs community and believe you will be an integral member of the Texas MBA Class of 2015.

This scholarship awards you $10,000 per year ($5,000 per semester) and the Out-Of-State Tuition Waiver for the two years (60 graduate hours) that you are in our program. The only conditions for this scholarship are your enrollment in the standard 15 hours of graduate business coursework for both semesters of the first year, and that you maintain good academic standing.

Do you guys think visiting the school would make a difference at all in regards to getting off of the waitlist?

I'll be straight with you. You've been fed a line of bull. One or two years consulting/banking will definitely not open up every job in the world in Texas finance. In fact, a few years of I-banking/consulting won't likely open more doors than you would have at b-school. Consulting recruiters are masters at selling the exit opps, but the truth is, if you really want to exit to a c-suite job with a big company, you will probably need to put in enough time to make director/partner at your consulting firm and your chances thin dramatically as you go down from mbb to lower tier firms. If you want a mid level management job, well then what is even the point of going into consulting/banking as you can land those jobs right out of B-school? And these companies will be coming to recruit you, rather than you having to do all the footwork.

So if you already know you want to move into corporate finance, why not just go straight there from your MBA?

But if you are dead set on it banking/consulting than I-banking makes more sense if your long term goal is corporate finance. It seems like most consultants exit to things other than finance - business development, strategy, operations, product management etc. Though I'm sure some do move into finance I just don't see how consulting is the door to it. Bankers on the other hand tend to move into finance roles, though they can certainly move into other roles too.

I haven't looked into Georgetown much so I can't say which would be better. Given that McCombs is generally a little higher ranked I'd guess it would offer a slightly higher chance of getting a top consulting/banking job.

That being said, I wouldn't say that either school gives you a particularly great shot at the top tier firms. That is, if you are talking about the m/b/b and goldman/jpm tier. IF you are talking about Deloitte or citibank, yeah you might have a good shot from either school. But I also don't think that they will open the same doors as those more prestigious firms would.

Last point cause this is getting long. Your goals and background make it seem like you aren't quite sure what you are doing. You're an attorney, who either wants to go into i-banking or consulting (two very different paths which are completely different than law) with the goal of working in finance after a year or two. Just seems very muddled, there is nothing really tying things together.

Do you guys think visiting the school would make a difference at all in regards to getting off of the waitlist?

got my tickets to preview weekend anyone else??????

Are the students at McCombs a pretty tight knit group, or is more of a lone wolf type of class? Are there assigned learning teams or study groups like at other schools? Do they have opportunities for spouses to get involved?

Finally, the Students and Significant Others (SAS) organization provides support and social activities to introduce McCombs couples and families to Austin. SAS usually has about 50 couples per class, and the school claims it as one of the most active and resourceful clubs at McCombs. There are sub groups for males, international couples, and couples w/ kids. As a back-up option, you can always just bring your spouse to the other types of activities (tailgating/games, trivia Thursdays, etc.) until they develop a few closer friends.

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