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Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021

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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 08 Feb 2019, 16:25
Hi Everyone,

Can somebody please tell me what is the conversion rate from interview to admit? I interviewed today and I think it went very well, and I feel quite positive. Problem is I have another deposit deadline coming up on March 6th from another school, and McCombs will not get back until March 28th! I will certainly prefer McCombs.

Any thoughts/advice is/are appreciated.

Thank you.
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New post 08 Feb 2019, 21:03
gmatenthureturns wrote:
Hi Everyone,

Can somebody please tell me what is the conversion rate from interview to admit? I interviewed today and I think it went very well, and I feel quite positive. Problem is I have another deposit deadline coming up on March 6th from another school, and McCombs will not get back until March 28th! I will certainly prefer McCombs.

Any thoughts/advice is/are appreciated.

Thank you.


From what i can see on poets&quants, the acceptance rate in 2017 was 28%.

https://poetsandquants.com/2018/02/19/a ... rograms/3/

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New post 09 Feb 2019, 00:12
I meant to ask from interview to admit conversion rate, 28% is conversion from application to admit.
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New post 09 Feb 2019, 00:20
gmatenthureturns wrote:
I meant to ask from interview to admit conversion rate, 28% is conversion from application to admit.


That would be a tough one to find.... U can try the decision tracker but that is far fron accurate as well.... Many people report admit but miss out interview invite status

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New post 10 Feb 2019, 08:56
kunal_raizada wrote:
gmatenthureturns wrote:
I meant to ask from interview to admit conversion rate, 28% is conversion from application to admit.


That would be a tough one to find.... U can try the decision tracker but that is far fron accurate as well.... Many people report admit but miss out interview invite status

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There is another thread on GMAT club i will link below, but depending on a number of topics, it looks to be aprox. 51-55%, so a little better than a coin flip. To be fair though, this post was from number crunched in 2016, and did exactly what was mentioned above (went off of numbers just posted to GMAT club), so the numbers might be a little bit skewed.


https://gmatclub.com/forum/chances-of-g ... 30246.html
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New post 16 Feb 2019, 12:57
How is everyone's financial planning going on btw? Any insight from admitted students into where/how to take loans? And what is the average loan amount that people take?

I will have to take a loan for everything apart from around 20000/25000 USD that I have saved. This probably means a loan of around 150000-200000 USD. Is this a lot from what others have in plan/really stupid to take considering the risk/impossible to get this kind of amount?
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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 18 Feb 2019, 00:45
Since nothing else is being discussed, let me digress a bit -

1. Do you guys know what is the criteria for awarding scholarships in McCombs? Esp for international students

2. How is the eco - system in McCombs for pursuing career in consulting? Esp in MBB

3. If any current or previous international student can shed some light on how they managed their finances - how much loan they took, how much time they took to repay it, any stipend opportunities within the school?

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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 18 Feb 2019, 08:25
Hello everyone,

Is there anyone else who is yet to receive an interview invite or a reject for Round 2 application?
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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 18 Feb 2019, 08:53
jabba I think they are still rolling out interview invites. The decision deadline is March 28th so I want to believe there is still a lot of time left to get an interview invite. Best wishes!


jabba wrote:
Hello everyone,

Is there anyone else who is yet to receive an interview invite or a reject for Round 2 application?
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New post 28 Feb 2019, 14:57
jabba - have you heard anything additional on your R2 app? I'm in the same situation...beginning to get pretty anxious

jabba wrote:
Hello everyone,

Is there anyone else who is yet to receive an interview invite or a reject for Round 2 application?
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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 08 Mar 2019, 09:49
Anyone who's paid more attention to historical data than I have think it's at all possible we could hear back re: R2 admits before 3/28?
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New post 08 Mar 2019, 09:51
lit2biz wrote:
Anyone who's paid more attention to historical data than I have think it's at all possible we could hear back re: R2 admits before 3/28?


They do it on decision day--not before
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New post 08 Mar 2019, 09:52
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lit2biz Unfortunately, we won't hear anything until the admission decision deadline. I asked during the interview and that is what I was told. They will start making admission calls early on 03/28. Best wishes!




lit2biz wrote:
Anyone who's paid more attention to historical data than I have think it's at all possible we could hear back re: R2 admits before 3/28?
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New post 08 Mar 2019, 09:55
funsogu wrote:
lit2biz Unfortunately, we won't hear anything until the admission decision deadline. I asked during the interview and that is what I was told. They will start making admission calls early on 03/28. Best wishes!




lit2biz wrote:
Anyone who's paid more attention to historical data than I have think it's at all possible we could hear back re: R2 admits before 3/28?


Good to know, thanks! I hadn't thought to ask during my interview... 3/28 didn't seem so far away then. ;)
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New post 08 Mar 2019, 10:01
Yes, 3/28 is very close, and it is also my birth date :), but the wait has been nerve wracking. Hoping for a good birthday gift.

Cheers!

lit2biz wrote:
Anyone who's paid more attention to historical data than I have think it's at all possible we could hear back re: R2 admits before 3/28?
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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 09 Mar 2019, 13:51
anulfc wrote:
How is everyone's financial planning going on btw? Any insight from admitted students into where/how to take loans? And what is the average loan amount that people take?

I will have to take a loan for everything apart from around 20000/25000 USD that I have saved. This probably means a loan of around 150000-200000 USD. Is this a lot from what others have in plan/really stupid to take considering the risk/impossible to get this kind of amount?


This is a topic I’m interested in. My understanding is you’re capped at the schools reported cost of attendance (tuition + living) for federal/private student loans — so $75-80k per year, less financial aid. I don’t know if it’s possible to get additional loan funding elsewhere. I definitely do not believe you can live in Austin off the $18k of living expenses designated by the school, and I find it hard to believe (most) people have $60-80k of cash saved up to live relatively comfortably.

You definitely need to consider your exit career to decide whether or not it’s worth it or feasible to begin repaying those types of loans on your new salary.

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New post 09 Mar 2019, 14:21
But isn't that the norm? I mean most students take that kind of a loan only and then are able to pay it off right? Obviously not getting a job post-MBA is a different scenario altogether.

cheeeese wrote:
anulfc wrote:
How is everyone's financial planning going on btw? Any insight from admitted students into where/how to take loans? And what is the average loan amount that people take?

I will have to take a loan for everything apart from around 20000/25000 USD that I have saved. This probably means a loan of around 150000-200000 USD. Is this a lot from what others have in plan/really stupid to take considering the risk/impossible to get this kind of amount?


This is a topic I’m interested in. My understanding is you’re capped at the schools reported cost of attendance (tuition + living) for federal/private student loans — so $75-80k per year, less financial aid. I don’t know if it’s possible to get additional loan funding elsewhere. I definitely do not believe you can live in Austin off the $18k of living expenses designated by the school, and I find it hard to believe (most) people have $60-80k of cash saved up to live relatively comfortably.

You definitely need to consider your exit career to decide whether or not it’s worth it or feasible to begin repaying those types of loans on your new salary.

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New post 10 Mar 2019, 12:19
anulfc wrote:
But isn't that the norm? I mean most students take that kind of a loan only and then are able to pay it off right? Obviously not getting a job post-MBA is a different scenario altogether.


I wouldn't want to come out making $80k with $2k/mo in loan payments. Just me.

Part of my point is that you can't burden yourself with 200k of debt. Double checked the numbers and an in state student is capped at $68k of debt each year + other fees you can include - financial aid. Also in my prior post I am curious how most students get by given the caps and you can't receive funding for your expected personal budget.
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New post 11 Mar 2019, 19:32
Anyone left for interviews in R2?
I haven't heard anything yet.

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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021  [#permalink]

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New post 12 Mar 2019, 05:23
Yes, 200k is quite a lot. I was just curious about what the average loan amount is for an MBA student, especially international ones. The risk factor there is higher considering the work visa issues right now.

Are you saying 80k as the income keeping in mind post deduction? Even then it is on the lower side no? Isn't the average around 120-130k excluding signing bonus? And regarding loan providers, one can take it from multiple sources, right? Prodigy Finance seems to be a famous choice for most people even though their interest rates are higher.

cheeeese wrote:
anulfc wrote:
But isn't that the norm? I mean most students take that kind of a loan only and then are able to pay it off right? Obviously not getting a job post-MBA is a different scenario altogether.


I wouldn't want to come out making $80k with $2k/mo in loan payments. Just me.

Part of my point is that you can't burden yourself with 200k of debt. Double checked the numbers and an in state student is capped at $68k of debt each year + other fees you can include - financial aid. Also in my prior post I am curious how most students get by given the caps and you can't receive funding for your expected personal budget.
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Re: Calling McCombs (UT Austin) MBA Applicants: (2019 Intake)Class of 2021   [#permalink] 12 Mar 2019, 05:23

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