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Calling all McCombs(UT Austin) Applicants:(2016 Intake) Class of 2018!

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BrotherTN750

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08 Mar 2016, 15:42

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Any ideas to when Round 2 decisions will start getting released? Assuming they will start sending some things out before the March 29 deadline.

newsAustin

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09 Mar 2016, 08:00

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FROM Mccombs(Texas Austin) Admissions Blog: Texas MBA Alumni @ SXSW Interactive

SXSW Interactive and McCombs Entrepreneurship Night are quickly approaching! Several of our talented Texas MBA alumni and current student entrepreneurs will be present on March 12 from 5 p.m. – 7 p.m. to talk about their startups and network with attendees. Check out which alumni and current students will be attending below and find out more about UT Austin’s presence at SXSW with #UTatSXSW.

Company Name

Alumni

Grad Year

Entrepreneurship Night?

SXSWi Trade Show?

Bravo Tip or Pay
Maria Luna
1993
Yes
Sunday, March 13, 10 a.m. – 2 p.m.

YouRefund
Omar Garza
2017
Yes
Sunday, March 13, 10 a.m. – 2 p.m.

Merivis Foundation
Kate Perez
2015
No
Sunday, March 13,

2 p.m. -6 p.m.

Renovate Simply
Will Mitchell
2015
Yes
Sunday, March 13,

2 p.m. – 6 p.m.

3 Day Startup
Cam Houser
2010
Yes
Monday, March 14, 10 a.m. – 2 p.m.

soFetch
Renae Donus
2000
Yes
Monday, March 14, 10 a.m. – 2 p.m.

TradePending
Brice Englert
2004
Yes
Monday, March 14,

2 p.m. – 6 p.m.

TripRiff
Jeremy Sapriel
2016
Yes
Monday, March 14,

2 p.m. – 6 p.m.

Cybernance
Charlie Leonard
2015
No
Tuesday, March 15, 10 a.m. – 2 p.m.

Knock Knock
Rebecca Tongsinoon
2008
Yes
Tuesday, March 15, 10 a.m. – 2 p.m.

Lady Epicure Gourmet
Tenaj Ferguson
2017
Yes
Tuesday, March 15,

2 p.m. – 6 p.m.

Ordoro
Naruby Schlenker
2010
No
Tuesday, March 15,

2 p.m. – 6 p.m.

Plot Guru
Justin Key
2016
No
Wednesday, March 16, 10 a.m. – 2 p.m.

Skoop
Martin Oberli
2006
Yes
Wednesday, March 16, 10 a.m. – 2 p.m.

BeatBox Beverages
Aimy Steadman
2013
Yes

eyeQ
Michael Garel
2012
Yes

It’s not too late to register to attend McCombs Entrepreneurship Night! All attendees will need to RSVP below:

Note: Due to capacity restrictions, registration does not guarantee entry.

The Texas MBA will also have a booth at the SXSW Interactive Trade Show, Sunday, March 13 through Wednesday, March 16. If you’re attending the conference and/or Trade Show, please stop by our booth to say hello and for the chance to win some Texas MBA swag!

This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB

BenMBAOver30

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Concentration: Social Entrepreneurship, General Management

Schools: Kellogg '18 (D) Haas '18 (D) Ross '18 (D) McCombs '18 (WL) Madison '18 (A$) Olin '18 (A) Owen '18 (A$) W. P. Carey Arizona State '18 (I) Kenan-Flagler '18 (S) Krannert '18 (A$)

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Schools: Kellogg '18 (D) Haas '18 (D) Ross '18 (D) McCombs '18 (WL) Madison '18 (A$) Olin '18 (A) Owen '18 (A$) W. P. Carey Arizona State '18 (I) Kenan-Flagler '18 (S) Krannert '18 (A$)

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09 Mar 2016, 14:46

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mika84

BrotherTN750

Reading the old threads, it seems that R2 acceptance calls will probably start to go out in another week or two. Does not seem likely that anything will go out this week.

I submitted at the R2 deadline, got an interview invite shortly thereafter, and thought it went really well. I've also had a lot of correspondence with current students and the like. Generally I feel relatively optimistic that I will get in, but does anyone know how McCombs gives out scholarships? I really like the program and Austin, but as a non-Texas resident I'm not sure it's worth 140k, especially if you ultimately end up leaving the state of Texas post-grad. Any thoughts/insights on this?

In order to answer your question, you have to look at how long does it take on average to repay student loan?
So for example:
1. Total tuition cost is 140k
2. Average scholarship is 13.5k a year, which means in total 27k. https://poetsandquants.com/2014/11/20/mb ... schools/2/
3. Cost of living in Texas with moderate spending is around 2-2.5k a month in Texas.
4. Average income post-grad is 100k, after tax is around 70k.
So 140k-27k=113k total student debt
2.5*12=30k a year cost of living
70k-30k=40k you can apply towards repaying your loan. Which means 113/40=2.8 or almost 3 years to repay your debt.
So in order to answer your question whether the program is worth it take into account non-money value:
1. if 3 years working just to repay your debt is worth your dream career or dream job?
2. Knowledge gain
3. Future network possibilities

Don't forget interest. That amount of debt racks it up quick.

BrotherTN750

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09 Mar 2016, 15:45

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mika84

2. Average scholarship is 13.5k a year, which means in total 27k. https://poetsandquants.com/2014/11/20/mb ... schools/2/

3. Cost of living in Texas with moderate spending is around 2-2.5k a month in Texas.

4. Average income post-grad is 100k, after tax is around 70k.

If you get that average scholarship (or more) and the 100k (or more) job right out of B-school, then the debt will take care of itself without any real issue. You can pay it off quickly and it turns into an investment with a huge ROI. Your math is very illustrative and spot-on in that scenario.

Not everyone gets that fortunate, though. Lot of people out there that won't get that 27k scholarship, nor will they be making six figures immediately. You can find a lot of B-schoolers out there, even at good programs, that didn't get a job until several months after graduation, and even then were only making, say, 70k. If that's who you become, then suddenly that debt figure looks pretty daunting and will take a very long time to pay off, especially with loan interest running you 7k per year (or more). 140k in debt at 5% interest can be a tremendous long-term financial burden to someone making 75k per year pre-tax.

That's just all part of the process, though. It's a leap into the unknown, and you just don't know how it will turn out. Just hoping that when the time comes I make the best decision and that everything works out. Many thanks for your post.

chetna22

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09 Mar 2016, 22:17

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My application status for R2 still says 'In Review'. Does it make sense to email the Admissions Committee and request for a response ?

rajaroy

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Schools: Darden '18 (D) Kenan-Flagler '18 (D) Foster '18 (D) ISB '17 (A) McCombs '18 Duke '18 Kelley '18 Mendoza '18

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Schools: Darden '18 (D) Kenan-Flagler '18 (D) Foster '18 (D) ISB '17 (A) McCombs '18 Duke '18 Kelley '18 Mendoza '18

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10 Mar 2016, 00:20

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BrotherTN750

Any ideas to when Round 2 decisions will start getting released? Assuming they will start sending some things out before the March 29 deadline.

I had my interview today. Given that they are still interviewing, I guess we'll have to wait for the decisions a few more days.

arm999

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10 Mar 2016, 11:17

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All the interviews are supposed to be completed by tomorrow. So, hopefully next week.

dms361

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10 Mar 2016, 23:20

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Getting a little and not wanting to put down a deposit elsewhere, I emailed McCombs. They replied that all decisions would be released together on the 29th.

Posted from my mobile device

jbmnyc

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11 Mar 2016, 09:33

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dms361

Getting a little and not wanting to put down a deposit elsewhere, I emailed McCombs. They replied that all decisions would be released together on the 29th.

Posted from my mobile device

That feels like an eternity from now... Nothing to do but be patient. Good luck to all

dcorona19

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11 Mar 2016, 12:25

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jbmnyc

dms361

Getting a little and not wanting to put down a deposit elsewhere, I emailed McCombs. They replied that all decisions would be released together on the 29th.

Posted from my mobile device

That feels like an eternity from now... Nothing to do but be patient. Good luck to all

yeez...it's a long wait... :shock:

Narenn

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11 Mar 2016, 13:58

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Good luck to all! Does anyone know if they would call admitted students exactly on 29th or a day earlier?

BrotherTN750

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11 Mar 2016, 14:50

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FWIW, the Round 2 decision deadline last year for McCombs was set for March 26th. Per the GMAT Club thread, though, R2 acceptance calls starting going out on March 12. This same basic timeline applied to the year before as well.

Who knows if that's the case again this year, but if it is, I would expect initial acceptance calls to start going out next week.

dcorona19

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12 Mar 2016, 15:08

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BrotherTN750

Maybe not, given that next week is spring break..isn't it?

BrotherTN750

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14 Mar 2016, 10:49

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dcorona19

Maybe not, given that next week is spring break..isn't it?

This week is indeed spring break for UT, though I'm not sure that will make a difference in this context. Looking back at some old threads, there have been reports of offers of admission going out during spring break in previous years.

FWIW, from the current McCombs students I've spoken with, offers of admission generally start going out around two weeks before the listed decision date, and it's a rolling process all the way up until the decision date, with some people getting admitted on the decision date itself. No idea how they figure out when the offers go out -- perhaps based on earliest-in-time interview, most sought-after applicants, or something else entirely? -- but apparently the offers get staggered over about a two week period and don't go out in one big batch. So, basically, great news if you get that acceptance call over the next couple of weeks, but don't necessarily throw in the towel just yet if it's the end of business on March 28 and you still haven't heard anything.

Best of luck to everyone!

Dhananjai1990

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14 Mar 2016, 21:03

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BrotherTN750

dcorona19

Maybe not, given that next week is spring break..isn't it?

if what you say happens, some people should start hearing soon, best of luck all!!

ibiza6403

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15 Mar 2016, 11:42

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Just submitted my application for Round 3. For the transcript, do they require the official transcript sent from my school? Or can I upload a copy of the transcript that I have, like in all the other MBA applications?

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15 Mar 2016, 12:18

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For UT, I uploaded my unofficial transcript (same one I used for other schools) to the actual application. Then the other page, I had to get official transcripts mailed to me, and scanned those, and attached those. UT was the only place I had to get my official transcript for, for this second scan.

BenMBAOver30

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Schools: Kellogg '18 (D) Haas '18 (D) Ross '18 (D) McCombs '18 (WL) Madison '18 (A$) Olin '18 (A) Owen '18 (A$) W. P. Carey Arizona State '18 (I) Kenan-Flagler '18 (S) Krannert '18 (A$)

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Schools: Kellogg '18 (D) Haas '18 (D) Ross '18 (D) McCombs '18 (WL) Madison '18 (A$) Olin '18 (A) Owen '18 (A$) W. P. Carey Arizona State '18 (I) Kenan-Flagler '18 (S) Krannert '18 (A$)

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15 Mar 2016, 12:48

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thomasdodsonian

This, I picked up an official transcript, opened it, scanned it to a PDF and emailed it. Seems odd as you are opening the transcript so why is it more "official" than an "unofficial" at this point?

UC Berkeley required an official transcript but I had to mail it them. To each their own haha.

BrotherTN750

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16 Mar 2016, 06:49

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ibiza6403

You're fine for now with what you submitted. It differs depending on the program, but apparently at McCombs you will only be asked to submit an official, certified transcript -- i.e. one sent directly from your prior school to McCombs -- in the event you are accepted and you choose to enroll. I, for example, uploaded a copy of my transcripts, and received an interview invite (no decision yet) without being asked to submit an official, certified transcript.

Best of luck on your app!

thomasdodsonian

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16 Mar 2016, 07:12

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Just want to clarify what I thought was required:

1) Attach unofficial transcript with my McCombs application (unofficial from my undergrad was very simple...white background, black text, lots of whitespace)

2) Attach official transcript which was sent to me and then scanned up to GIAC (official transcript was mailed to me from my undergrad...had watercolors/seals/raised imprints/grade scale explanation on back)

3) Upon acceptance/enrollment, send official transcript directly to McCombs