JustMe...
1. Both are Top 5 programs. Prestige is a non-issue.
2. You're going to school to learn and get a job. So where do you want to work?
I know USC sends students around the nation as I have classmates going to New York, Chicago, Atlanta, etc. I would assume Texas does the same. However, if you want to work on the West coast, USC is a better option. Throughout recruiting, I met many USC MAcc graduates from the Big 4 and others. They are loyal to the program and will serve as a great networking tool. I signed with Deloitte (in November before we even had taken finals) and I already have MAcc grads looking out for me. I've gotten a couple emails letting me know that they plan to get me working with them on certain clients. The Big 4 recruits hard at our school as do mid-teir and smaller firms.
If you want to work in Texas or neighboring states like Oklahoma, UT would probably be better.
3. Would you rather be in a major city and metropolitan area like Los Angeles or would you rather be in a classic college town like Austin?
4. USC's program is maximum of 11 months and as little as 8. I've read UT is either 3 or 4 semsters.
5. I've gone through USC recruiting program and it is amazing. There are many recruiting events strictly for the MAcc program. We have events from Round Tables to Firm Tours. During the tours, we go to one of the Big 4's offices, or a mid tier like Grant Thornton. The firms give an hour long or so presentation highlighting their firm. Then we go to a restaurant or social club and have drinks and appetizers while we chat with as many professionals as we like. This is a great way to get to know the firms better and to meet the people that you could potentially be working with. It also gives them a chance to get to know you before on-campus and in-house interviews. You really get a feel for the culture of the firm and where you fit best. The USC MAcc program spoon feeds us jobs. Approximately 75-80% of the class has a Big 4 job, while others elected for mid or small tier firms. I only know two people that didn't have offers by the end of November and they are sure to get a job before they graduate. USC has the best recruiting program that I could imagine.
You should research UTs recruiting program. It is of major importance to your career.
6. I can tell you that we as a class at USC are very close. Everyone knows everyone else and we have a lot of fun both in and outside of school.
7. I live 2 blocks from the Pacific Ocean, does it get any better?
Just some things to think about. What is your thought process when comparing the two?