My MBA Career Full-Time Program Extinguishes Concerns About The MBA – Poets&Quants

Last Updated on January 14, 2024 by Robert C. Hoopes

The University of Texas at Austin McCombs School of Business has defied the trend of declining applications at MBA programs worldwide with a noticeable increase in applications for its full-time MBA program in 2023. This surge in interest not only showcases the school’s strong return on investment, but also solidifies its reputation as a top choice for business education.

Several factors have contributed to the increased interest in McCombs’ MBA program. One major draw is the city of Austin itself, which has become an attractive study destination. Austin boasts a vibrant business environment and offers abundant opportunities for students to immerse themselves in a culturally diverse and enriching experience. Additionally, the quality of life in Austin is highly regarded, further enhancing its appeal.

While many other renowned MBA programs have reported a decline in applications, McCombs has stood out alongside Stanford Graduate School of Business as the exception, still managing to attract a growing number of applicants.

The positive trend is not limited to applications alone; McCombs’ full-time MBA program has seen a significant increase in enrollment, with a 9.5% rise to a total of 241 students. Notably, there has been a growth in domestic students, accounting for 74% of the class, and a record-breaking 20% of first-generation college students. These statistics highlight the program’s inclusive nature and commitment to diversity.

Furthermore, when examining the composition of the class, it becomes apparent that McCombs is fostering an environment that is representative of society as a whole. The class is highly diverse, with 18% of students identifying as U.S. under-represented minorities, 35% as U.S. minorities, and 35% as female. Additionally, 8% of the class identifies as LGBTQIA+, showcasing the school’s dedication to creating an inclusive and accepting community.

McCombs’ entire portfolio of graduate business offerings, including Working Professional and Executive MBA programs, has also experienced an increase in applications and overall class size. This growth is a testament to the school’s broad appeal and its position as a leader in the MBA landscape.

Looking ahead, the Class of 2025 is anticipated to leave a positive and lasting impact at McCombs, the University of Texas, and the city of Austin. With their diverse backgrounds, fresh perspectives, and high levels of engagement, these students have the potential to excel not only academically, but also in making a meaningful contribution to their respective fields of study and beyond.

In conclusion, the University of Texas at Austin McCombs School of Business has defied the odds by experiencing a substantial increase in applications for its full-time MBA program in 2023. This success can be attributed to several factors, including Austin’s appeal as a study destination, the city’s vibrant business environment, cultural diversity, and quality of life. The increase in applications and class size, along with the growth in underrepresented minorities, women, and military veterans, solidify McCombs’ position as a leader in the MBA landscape. The Class of 2025 is expected to make a significant impact and contribute positively to the school, university, and city of Austin.