Full-Time Texas MBA Viewbook Brochure by University of Texas at Austin

Full-Time MBA Program

Texas MBA

b The University of Texas at Austin McCombs School of Business

Why should you consider the Texas MBA? Find out about the distinct advantages the Texas MBA offers from those who have experienced our program. Industry collaboration and reputation for excellence.

The collaborative Texas MBA culture.

“American Airlines continues to look to McCombs to identify the future leaders of our company. Over the years, we have successfully brought Texas MBAs into our MBA Leadership Program. Gerard Arpey, our CEO, is a prime example! We value our relationship with McCombs not only because of past success, but because we know its students receive practical and theoretical opportunities that help prepare them for leadership.”

“The McCombs community is collaborative and diverse! It is a microcosm of the entire global community with the absolute best of the best working together under one scholastic roof. It’s honestly an enthralling experience to be a member of such eclectic and diverse groups as the Consortium for Graduate Studies, the Black Graduate Business Association (BGBA), the McCombs Admissions Committee (MAC) and the Graduate Marketing Network (GMN). I’m also proud to be a member of the Armed Forces Alumni Association (AFAA) and the Student Veterans Association (SVA).”

Michael Parker Workforce Consultant, American Airlines

“McCombs students embody the same standard of excellence for collaboration and results that we embrace at Deloitte Consulting. Texas MBA graduates have exceptional talent and historically have quickly integrated and succeeded within our firm.”

Carlos Dinkins, MBA ‘12 Sales Leadership Development Program, PepsiCo

Jonathan Trichel Principal, Deloitte Consulting

“I was really impressed by the diversity and accomplishments of my classmates. In addition to learning from my talented professors, classes were engaging because I learned from my classmates and their previous experiences.”

Hands-on opportunities to apply what you’re learning.

Briton Pheffer, MBA ‘10 Associate Brand Manager, MillerCoors

“The MBA+ project was the highlight of my semester. The chance to engage with a premier consulting firm in solving a realistic business case was an incredible professional experience and the MBA+ program supported us throughout by providing our team with the resources we needed to succeed. McCombs is dedicated to developing future leaders with the knowledge and understanding to thrive in complex business environments. MBA+ epitomizes the McCombs commitment to experiential learning.” Benton Shrewsbury, MBA ‘10 Associate, A.T. Kearney

“The Venture Fellows organization offers one of the most unique experiences available at any of the top MBA programs. Venture Fellows exists because of Austin’s vibrant entrepreneurial ecosystem and active venture capital community. As a Fellow, I had incredible exposure to that ecosystem — I could literally sit at the table with investors and entrepreneurs. This kind of hands-on learning, along with the relationships I built with current and former Fellows and investment professionals, has defined my two years at McCombs.” Jeffrey Harbach, MBA ‘11 Executive Director, Central Texas Angel Network

Conceivably the best location possible—Austin.

“Austin is one of those places that makes other people envious of where you live. Whether it is work or play, Austinites go about their business in a motivating and passionate way. People strive to do their very best at everything they are involved in – which is why you see a truly unique mix of cultural, athletic and community activities all around town.” Brandon Stein, MBA ‘11 Associate, Goldman Sachs & Co.

“Austin is the perfect place for an active lifestyle. For me as a triathlete, it has so many attractions… swimming at Barton Creek or Gregory Gym, perfect running trails around Town Lake, and amazing cycling roads just outside of town. You can find events practically every weekend, from the Livestrong Challenge to Splash n’ Dash races to 5Ks - Austin has something to offer everyone. I also love that it has a great mix of big city living and small town feel… it’s hard not to feel at home!” Jessica Evans, MBA ‘11 Senior Consultant, Deloitte Consulting

On the cover (left to right): Carlos Dinkins, MBA ‘12, Jenny Gibson, MBA ‘12, Jonathan Faloon, MBA ‘12, Miriam Matos, MBA ‘12

Cover photo by Kenny Braun

What Starts Here Changes the World As we consider the global mindset of business and economics, and the unique economic challenges our society is facing today, the vitality of the Texas economy puts McCombs in an especially advantageous position. The vibrant business community of Austin – with its constant innovation, entrepreneurial nature, commitment to environmental issues, advances in the tech industry and proximity to a booming energy industry – allows McCombs to connect you with opportunities beyond the bounds of the university.

The full-time Texas MBA program at the McCombs School of Business is designed to develop influential business leaders and as Dean of the McCombs School of Business, I cannot imagine a more stimulating environment to cultivate that development. This prestigious program will open up a world of opportunities for you – increasing your knowledge of business, building networks that will last a lifetime and developing skills to impact our society. As a Texas MBA you are continually faced with opportunities to gain real-world experience through innovative programs such as the MBA+ Leadership Program and Global Connections study tours. The diversity of the class supports its global perspective and encourages you to build a network beyond the classroom through student organizations, academic challenges, MBA+ projects, recruiting events and more. It is a community where students lead, challenge and motivate each other, with a spirit of teamwork and collaboration at the core of all we do.

When I consider all that McCombs has to offer, and our passion to further develop these opportunities, I am proud to be at the heart of a leading institution of business education and to share that experience with you as a Texas MBA. Our goal is to prepare you to address the most pressing issues in our society, as this is where the future of business will have its greatest impact. McCombs is a community where great minds come together to inspire change and make a difference in the world. I invite and encourage you to learn more about our program and our community at http://www.mccombs.utexas.edu/mba/full-time.

The University of Texas at Austin is one of the foremost research universities in the world, allowing esteemed faculty to share relevant and practical business knowledge with you throughout the course of your academic career. Among the robust resources offered by such a renowned university is the interdisciplinary collaboration between prominent programs outside of McCombs such as the Jackson School of Geosciences, LBJ School of Public Affairs and Cockrell School of Engineering, opening doors for engineers, scientists, environmentalists and business enthusiasts to share and integrate knowledge across boundaries and allowing you to customize your education even further.

Sincerely,

Thomas Gilligan Dean of the McCombs School of Business

Table of Contents Academics 1 . 1 mccombs faculty 1.2 CORE CURRICULUM 1.3 concentrations AND ELECTIVES

7 8 10

Experiential Leadership 2 . 1 challenging yourself 2.2 TEXAS MBA+ LEADERSHIP PROGRAM 2.3 Exploring Global Business

14 16 19

Community 3 .1 the texas mba Culture 3.2 DIVERSITY AT mccombs 3.3 The University of Texas at Austin 3.4 Austin, texas 3.5 reaching beyond austin: The McCombs ALUMNI network

23 25 26 28 31

Career Development 4 . 1 Preparing for Your career 4.2 mba class of 2011 preliminary salary Statistics

35 37

Becoming a Texas MBA 5.1 5.2 5.3 5.4

MBA Class of 2013 Profile Applying to McCombs connecting with mccombs THE TEXAS MBA PROGRAM PORTFOLIO

40 41 42 44

1 Academics 1.1 McCombs Faculty 1.2 CORE Curriculum 1.3 Concentrations AND ELECTIVES

“It’s stimulating, fun and incredibly rewarding to see someone have an ‘ah-ha’ moment, either in class or in general conversation. Developing skills in analyzing and recommending marketing strategy is an important part of that. But it’s also important for students to understand their own strengths and interests, and to build on those.” Kate Mackie, Senior Lecturer, Department of Marketing 5

RAJI SRINIVASAN, Marketing Department Research Areas: Marketing Metrics and Organizational Innovation Classes: Marketing Core, High Technology Marketing and Marketing Metrics “The MBAs are intellectually curious students which creates an exciting learning environment in the classroom. This makes teaching MBAs a very rewarding exercise for the faculty.”

LAURA STARKS, Finance Department Research Areas: Empirical Asset Pricing, Portfolio Management, Mutual Funds, Corporate Governance Classes: Portfolio Management “What I enjoy about teaching McCombs MBA students is that the combination of their curiosity, enthusiasm and unique experiences make classroom discussions not only interesting and informative, but also fun.”

PRABHUDEV C. KONANA, information, risk and operations management Department Research Areas: Business value of IT investments, virtual communities, social networks, outsourcing and off-shoring; IT influence on emerging markets Class: Information Technology Management “Some of the best times I have had at McCombs are when I travelled to India with MBA students for the global program on India. Some of them continue to be good friends even now.”

REUBEN McDANIEL, information, risk and operations management Department Research Areas: Healthcare Management, Organizational Design Classes: Managing Complexity, Information and Knowledge Management “Information systems management in health care organizations is a major concern of mine. I am also heading up the Health Care Initiative for the McCombs School. This is an exciting new program and I am having a lot of fun working with faculty, students and administrators to develop it.”

“Faculty are accessible to the point where they feel like a huge part of the community. I feel like at any point I can knock on anyone’s door and not feel uncomfortable about it.” Patrick O’Berry, MBA ’11, Senior Financial Analyst, PepsiCo

1.1 McCombs Faculty Through case-based curricula, real-world examples MBA faculty and strong academic theories, the world-class McCombs faculty fully engage you to student-to-faculty build knowledge, create ratio understanding in core business principles and develop thought leadership grounded in theory and relevant to practice. Passionate about teaching and known for their quality and accessibility, McCombs faculty are an experienced and dynamic group of knowledge leaders. The combination of broad experience and devotion to scholarship translates into a faculty committed to staying ahead of the curve in industry trends, solving business’ most complex challenges and imparting its knowledge to tomorrow’s business leaders—Texas MBAs.

McCombs Research Centers • Center for International Business Education and Research (CIBER) • Energy Management and Innovation Center (EMIC) • Supply Chain Management Center of Excellence (SCMC) • Texas Venture Labs • AIM Investment Center • C. Aubrey Smith Center for Auditing Education and Research • Center for Business Technology and Law (CBTL) • The Center for Customer Insight and Marketing Solutions (CCIMS) • Center for Energy Finance Education & Research (CEFER) • Center for Risk Management and Insurance Research • Center for Research in Electronic Commerce (CREC) • EDS Trading & Technology Center • The Hicks, Muse, Tate & Furst Center for Private Equity • Herb Kelleher Center for Entrepreneurship • Real Estate Finance and Investment Center (REFIC)

126 4:1

MBA Community Coffee

Each week, MBAs have the opportunity to interact with faculty and staff in a more informal setting through MBA Community Coffee. Each gathering highlights a specific faculty member, academic department or new initiative, giving students the opportunity to connect in a more informal way with the larger McCombs community. Conversations during MBA Community Coffee range in topic from academics to career advice to favorite things to do in Austin (and beyond) and open the door for future connections.

Our newest research center is the Energy Management and Innovation Center (EMIC). The EMIC draws on expertise from across the University to offer a multidisciplinary approach to educate future business and policy leaders. Current initiatives include energy curriculum, conferences and panel discussions, energy workshops, Energy Management briefs, UT Energy Poll and empirical research. Future initiatives include the creation of an elite Energy Fellows program, Executives in Residence, and additional opportunities for interdisciplinary training.

Research

McCombs has consistently been recognized nationally and globally as a top business school for research according to surveys conducted by the University of Texas at Dallas and ranks as a top 20 school for Intellectual Capital (Bloomberg Businessweek, November 2010). Our faculty have published approximately 800 articles in refereed journals in the past five years alone. Additionally, McCombs collaborates with over a dozen collaborative research centers, often led by prominent faculty members.

Learn more about the EMIC, other research centers, and the latest McCombs research at http://new.mccombs.utexas.edu/research.

1.2 Core Curriculum and Market Analysis. Leading People courses cover topics such as Leading People and Organizations and Managing Human Capital.

The Core

McCombsâ&#x20AC;&#x2122; core curriculum prepares you to build, manage and lead enterprises that create value in a dynamic global economy. Essential business skills covered in these courses include teamwork and leadership; cross-functional problem solving; written and oral communications; the ability to manage change and risk; and the ability to manage human resources and diversity, among others. You take many of your core classes in cohortsâ&#x20AC;&#x201D;groups of about 65 students. Each cohort is architected with diversity in mind, drawing on the complementary cultural, professional and social backgrounds of each incoming class. As project partners, study group members or even softball teammates, cohortmates are together from day one.

Global Requirement

To help develop a worldview of business, every Texas MBA fulfills a global requirement. This component is fulfilled through a variety of options including study abroad programs, Global Connections courses, international internships and a variety of global-minded course offerings through McCombs and other schools within the university. Responsibility and Integrity Requirement

Leaders must exhibit high levels of integrity and take responsibility for their actions as well as the actions of their organizations. Through this requirement you will integrate ethical and societal issues into your business education by choosing from a menu of courses covering the responsibility of business in society, ethical leadership, ethical decisionmaking and corporate governance.

Flexible Core Program Requirements

In addition to the fundamental business knowledge garnered from the core classes, these customizable course requirements emphasize ethical leadership, global perspective and managerial proficiency. Analyzing the Business and Leading People Course Requirements

Work Experience Requirement

As you engage in experiential learning through this requirement, you will develop new skills and can demonstrate relevant expertise to prospective and sponsoring employers while completing your degree. You also can use these work opportunities to make more informed career choices.

These course requirements provide you with important managerial and leadership tools. Analyzing the Business courses cover topics such as Performance Management and Control, Decision Modeling and Analysis, Valuation

Fall Semester, First Year First Half of Semester Financial Accounting (2 credit hours)

Academic Program Structure Second Half of Semester Marketing (2 credit hours)

Financial Management (2 credit hours)

Operations Management (2 credit hours)

Statistics (2 credit hours)

Analyzing the Business or Leading People course (2 credit hours)

Economics (3 credit hours) (full semester course) Career Management (1 credit hour) (full semester course) Spring Semester, First Year First Half of Semester Strategic Management (3 credit hours) (full semester course)

Second Half of Semester

Analyzing the Business or Leading People course (2 credit hours)

Elective (3 credit hours) (full semester course) Elective (3 credit hours) (full semester course) Elective (3 credit hours) (full semester course) Second Year Fall and Spring Semesters Elective (3 credit hours) (full semester course)

Core Course Flexible Core Course Elective

Elective (3 credit hours) (full semester course) Elective (3 credit hours) (full semester course) Elective (3 credit hours) (full semester course) Elective (3 credit hours) (full semester course) 8

A Day In The Life Ian Hill – San Francisco, CA – MBA ‘12 2011 Summer Internship: Assistant Brand Manager at Reckitt Benckiser First Year, Fall Semester 9:00 A.M. One of the perks of business school - you may get lucky and not have class until 10! 9:35 A.M. Leave my apartment and walk two blocks to the UT shuttle stop. The bus takes only 10 minutes and drops me off right in front of the business school. This is definitely something to consider when looking for housing. 10:00 A.M. First class of the week is Financial Management. Today Professor Sialms discusses the value of a Texas MBA by examining the opportunity costs and calculating the present value of future income through growing annuity models. Not surprisingly, it IS a good value. 11:45 A.M. Only 45 minutes in between classes, so I’ve arranged a quick lunch meeting in the Atrium with my Global Business Challenge team. This is the first case competition of the year and even though we’ll be up all night, we are all really excited. I’ve got someone from China, France, and Austin on my team, so we should be ready for anything! 12:30 P.M. In Microeconomics we learn about the Prisoners Dilemma by playing the Bonnie and Clyde game. Professor Magee puts an interesting spin on every topic and always manages to throw in a few bits of life and career advice. 2:00 P.M. During our Career Management class we learn about behavioral interviewing and practice some questions with the person next to us. It’s easy to see the value in this class because no matter what your grades are or how smart you are, you will struggle to get past the first round if you can’t interview well. 3:00 P.M. The end of class does not mean it’s time to go home. I have just enough time before my next appointment to go for a swim in the outdoor pool at Gregory Gym. 4:00 P.M. Time to meet with my study team about the Statistics homework that is due tomorrow. Regressions and Greek symbols are not my strength, so these study sessions are very helpful - especially since my team works so well together. 5:30 P.M. New member interest meeting for Marketing Fellows. It looks like competition is going to be intense for this student-led program designed for those pursuing a career in marketing. I have heard much positive feedback from current members so I am definitely going to pursue this awesome opportunity. 6:00 P.M. It has been a long and busy day on campus, and now it’s time to catch the bus home. There are usually a few other MBA students on my bus so it’s another good time to catch up with my classmates and hear about their day. 6:30 P.M. There is just enough daylight left to go for a bike ride. I have found a really good hour loop that is perfect for a post-school workout. Austin is a great city for those who like to be active outside. I have already done two triathlons since moving here! 8:00 P.M. After a good workout it is time for dinner and then studying. There is always plenty of work to do and tonight I make sure to complete the Accounting and Statistics homework as both are due tomorrow. 11:30 P.M. As the day comes to a close I take some time to sort through emails. I also make sure to review the McCombs calendar on a regular basis. This is an invaluable resource for keeping on top of all the events at school. I look at least 3 weeks ahead and download every event I am interested in into Outlook. Let’s see what’s up for the rest of this week: resume review with Peer Advisor, Consulting Group kickoff, company coffee chat, and career fair. 12:30 A.M. It is easy to have sleep take a backseat to everything else during business school, but I do my best to make it a priority so I can be productive and engaged throughout the day. Until tomorrow…

“As a second year MBA, I am able to customize my schedule and take all the classes that are critical to my success after graduation. I am enjoying being exposed to new professors and diving deep into subject matter that truly interests me.” Stephen Sweeney, MBA ‘11, Senior Associate, Infosys Consulting, Inc.

1.3 Concentrations and Electives While there are no required majors for Texas MBAs, you may choose to concentrate in an academic discipline by taking elective coursework beyond the core classes within that concentration. About half of Texas MBAs choose to tailor their course of study to follow a specific concentration. While optional, these areas of focus offer unique advantages to you in terms of recruitment and the industrial knowledge they impart. Concentrations are offered across multiple disciplines and cover a wide range of business interests.

Make your MBA interdisciplinary or solidify your expertise in a single field. Choose from electives in general management, marketing, finance, operations management, information systems or accounting, including several unique offerings in areas such as entrepreneurship, real estate finance, international business, negotiations and consumer behavior. Augment your business school experience by stepping outside of McCombs and into one of the many highly acclaimed colleges at The University of Texas at Austin. Texas MBAs have the ability to transform their knowledge by selecting graduate-level courses from elsewhere in the university, including the School of Architecture, Cockrell School of Engineering, School of Information, LBJ School of Public Affairs, Jackson School of Geosciences or School of Law.

Electives

McCombs’ innovative array of electives expands upon the strong foundation of business principles covered in the core courses to round out your MBA experience and create the individual skill set you seek. More than half of your class time at McCombs is self-selected through electives and with a condensed core curriculum, you have the opportunity to start customizing your education in your first semester. Knowledge gained from these electives helps Texas MBAs stand out early in leadership and job opportunities.

Throughout your time at McCombs, we work with you to develop a road map for your specific degree plan that will drive boundless future opportunities.

Recent areas of concentration available include: Accounting Corporate Finance Investment Management Energy Finance Real Estate Finance Private Equity Finance Social Enterprise

Entrepreneurship Global Business CleanTech Healthcare Consulting Information Management Risk Management

Supply Chain & Operations General Management Innovation Leadership Consulting Marketing Brand and Product Management High Technology Marketing

Marketing Analytics and Consulting Ethics & Corporate Social Responsibility Public & Governmental Affairs

New Department at McCombs: Business, Government & Society (BGS) Today’s global marketplace is more competitive, transparent, culturally and politically diverse, and fluid than ever before. Business leaders face complex demands from regulators, stakeholders and citizens, causing a growing demand for attention to these issues within business schools. To address this demand, the McCombs School of Business recently established a new academic department: Business, Government & Society (BGS). This department focuses research and teaching on the regulatory, politi-

cal, legal and ethical environment of business, bringing together social scientists, legal scholars, and ethics scholars. It will help Texas MBAs cultivate the skills needed to successfully manage the dynamic business environment of the future. The addition of this department puts McCombs among a select few business schools addressing these issues at a departmental level. Learn more at http://new.mccombs.utexas.edu/Departments/BGS.aspx

JAGATH NARAYAN, MBA ’10 (right) Hometown: Tellicherry, India Pre-MBA Job: Supply Chain Management Consultant Post-MBA Job: Co-founder and CEO of Ordoro, Inc. Favorite Class: Managing Complexity Favorite Professor: Reuben McDaniel

SANGRAM KADAM, MBA ’10 (left) Hometown: Mumbai, India Pre-MBA Job: Operations Consultant at Dell Post-MBA Job: Co-founder and CFO of Ordoro, Inc. Favorite Class: Small Business Finance Favorite Professor: Jim Nolen

“Sometimes I wonder what I would be doing today if I had not decided to take the New Venture Creation class in the Spring of 2009. It was in this class that my two co-founders and I got together and began exploring the idea of building a web-based tool for online retailers to manage their orders and inventory. Fast forward two years and here I am in ATI working alongside Jagath and Sangram and seeing our ‘idea’ grow into a sustainable business.”

NARUBY SCHLENKER, MBA ’10 (center) Hometown: Caracas, Venezuela Pre-MBA Job: Six Sigma Black Belt at Eli Lilly and Co. Post-MBA Job: Co-founder and CMO of Ordoro, Inc. Favorite Class: Managing Complexity Favorite Professor: Jim Nolen

Tower lightings for Championship Texas MBA teams from the National Energy Finance Case Competition (above) and GE Experienced Commercial Leadership Program (ECLP) Case Competition (below).

2 Experiential Leadership 2.1 Challenging Yourself 2.2 TEXAS MBA+ LEADERSHIP Program 2.3 Exploring Global Business

“McCombs is the perfect environment to move beyond your comfort zone and challenge yourself. It is great to be in a place where professors and peers push you to reach your maximum potential while helping you succeed.” Laura Green, Wealth Management Registered Sales Associate, Wells Fargo Investments, MBA ‘10 13

2.1 Challenging Yourself • CCIMS Marketing Fellows: Working with the CCIMS,

Case Competitions and Academic Challenges

Annual case competitions and academic challenges provide valuable reality-based practice and early exposure to key recruiters. Those who participate go through a crash course that teaches teamwork, survival skills for high-pressure work environments and highly evolved presentation prowess.

the student-led CCIMS Marketing Fellows program gives about 20 students committed to pursuing leadership in marketing the opportunity to develop their marketing acumen and management skills through a combination of focused curriculum and consulting projects. • CleanTech Fellows: The CleanTech Fellows program is

On-Campus Challenges include: Consulting Challenge,

National Challenges hosted by McCombs include: National

designed to build future leaders of the CleanTech industry by offering select students a concentrated curriculum and the opportunity to partner with reputable CleanTech firms for a two semester internship while earning credits toward their degree.

Energy Finance Challenge and National Real Estate Challenge

• MBA Investment Fund: The MBA Investment Fund, LLC,

Finance Challenge, Tech/Ops Challenge, Global Business Challenge and Marketing “Hot Seat” Challenge

is the nation’s first student-managed investment company. It is one of only a handful of student investment funds with private investors and is managed entirely by 20 graduate students.

In 2010-2011 Texas MBA student teams garnered much attention, emerging as national champions in four National Case Competitions including the GE Experienced Commercial Leadership Program (ECLP) Case Competition, the Ross Renewable Energy Case Competition, the National Energy Finance Challenge, and the Wake Forest National Biotechnology Case Competition. Successes such as these continue to build the national reputation of the Texas MBA program and keep our MBAs top of mind for recruiters.

• McCombs Real Estate Investment Trust (REIT) Fund: The

McCombs REIT Fund is a student-managed investment fund based on the MBA Investment Fund but distinct in that it invests solely in U.S.-based REITs. • Venture Fellows: The Venture Fellows program devel-

ops leaders in the field by offering select students the chance to work with venture capital luminaries. Upon being selected for the Venture Fellows program, each of the 20 students is connected with a VC firm, private equity fund or portfolio company for a semester-long internship that allows them to contribute to an organization while earning degree credit.

Résumé-Enhancing Programs and Organizations

Work smart and earn success through hands-on experiences while developing a world view of business and society. In addition to summer internships, you have an array of opportunities for real-world learning—from independent studies to MBA+ projects to practicums with our industry partners. It makes sense that recruiters routinely tell us Texas MBA graduates are ready to work from day one— their experience shows.

http://www.venturefellows.org • Texas Venture Labs: Launched in 2010, Texas Venture

The following includes a sampling of unique on-campus resources, organizations and programs where you learn by doing:

Labs is a campus-wide initiative making it easier for student entrepreneurs to start businesses by providing a faster, step-by-step method to bring their innovations to market. Venture Labs directly links students to the appropriate entrepreneurial, business, technology and legal resources available both on the campus and in the Texas entrepreneurial eco-system while providing the mentoring, team-building, market and business plan validation, technology commercialization and domain knowledge needed to start and grow innovative ventures.

• The Center for Customer Insight & Marketing Solutions (CCIMS): CCIMS enables interaction between market-

ing faculty, students, and industry to enhance research opportunities, academic growth, real world problem solving and student career opportunities.

http://tvl.utexas.edu/

Venture Labs Investment Competition: Nurturing the Entrepreneurial Spirit “The Super Bowl of World Business-Plan Competitions” BusinessWeek “The Mother of All Business-Plan Competitions” Success “The Granddaddy of Them All” Red Herring The Venture Labs Investment Competition, formerly known as Moot Corp, creates an environment in which the world’s entrepreneurially minded students solicit startup funds from experienced investors in a simulation mirroring the real-world process of raising venture capital. Teams are comprised of students from across the university, giving MBAs a chance to collaborate with PhD’s and other talent from around campus. Each May, top teams from around the globe converge in Austin to present their business plans to panels of investors, demonstrating diverse and creative perspectives on business and society. In 2011, 40 teams from 12 countries competed in the event. Founded as Moot Corp in 1984, this investment competition is both the first and longest operating, inter-businessschool, new-venture competition in the world. The competition’s winners earn $100,000 in seed funding as well as a year’s office space and overhead costs in the Austin Technology Incubator. About half of each year’s teams actually go on to start companies based on their ideas. texas mba success at THE VENTURE LABS INVESTMENT COMPETITION Over the last several years, numerous Venture Labs Investment Competition teams from McCombs have successfully launched their businesses (Ordoro, FocalPop, uShip, Big Foot, Phurnace and MacuClear) by raising venture capital. This enviable track record demonstrates the entrepreneurial mind-set prevalent in the Texas MBA program. For more information on the Venture Labs Investment Competition visit http://vlic.utexas.edu/ 15

“The Four Seasons marketing MBA+ project gave us an opportunity to gain valuable hands-on experience crafting a holistic marketing strategy for the hotel’s summer 2010 leisure business. Working on a real-life business issue was the perfect complement to some of the marketing topics that we studied in marketing core classes.” Gemma Thompson, MBA ‘11, Project Lead for Four Seasons

2.2 Texas MBA+ Leadership Program As you develop into an influential business leader, the Texas MBA+ Leadership Program facilitates an individually tailored graduate experience that includes: • Micro-consulting projects that connect you with companies in your area of interest and allow you to apply knowledge instantaneously • Access to a hand-selected group of professional communication and executive coaches that help you craft and deliver messages with more meaningful impact • Seminars from industry experts that teach critically needed skills that augment knowledge gained in the classroom

corporate receptions, career fairs, job interviews, or alumni gatherings; when presenting to C-level executives in a Fortune 1000 company; or when pitching an idea to future investors. Through one-onone coaching and expert-led workshops, you learn to colprofessional laborate productively and communication, communicate dynamically. executive and project

coaches available

The MBA+ Program also offers a variety of executive coaches to help you set life goals, promote personal leadership presence and develop a greater sense of your own leadership style. One-on-one executive coaching sessions and individually-designed activities arm you with skills and techniques to navigate your career path in a rapidly changing business environment.

The MBA+ Program is highly relevant, immediate, tangible and built to evolve a personal leadership style. As recruiters search around the globe for candidates with applicable experience, “fit” and initiative, MBA+ helps ensure Texas MBAs are at the top of their lists. MBA+ Projects

The MBA+ Program is an experiential leadership program unique among top MBA programs in its scale and depth of service. As a Texas MBA, you will inevitably identify commicro-consulting panies with which you want projects in 2010-2011, to work. MBA+ helps connect 20 with companies you with these organizawho did not formally tions, regardless of industry recruit on campus or location, by facilitating a micro-consulting project. The client company provides a current business question to be addressed; MBA+ provides each team with a budget and guides them through the project management process. At the end of a 4 to 10 week project period, the team reports their findings and recommendations to their client, often traveling to the client’s location to do so.

900 hours of appointments made with coaches in 2010-2011 academic year

5 winning business case challenge teams prepared with a coach last year

Industry Seminars & Speakers

To further build on classroom knowledge and understanding, MBA+ brings tools and methods to you through industry-oriented seminars and speakers. Seminars and events planned for the 2011-12 academic year include: • Corporate valuations as they are conducted on Wall Street • How companies look for, promote and build leadership skills • A year in the life of a consumer-packaged-goods MBA • Financial modeling with an emphasis on using Excel • Sales training: what every MBA should know

Communication Workshops & Coaches

Effective leadership is directly linked to versatile communication skills. Communication coaches prepare you to have stronger, more compelling interactions—whether at

Adobe Texas MBA+ project members (from left to right) Fernando Gonzalez, Alejandra Villasenor, Paul Pine, Morgan Simental and Christine Chen.

“The MBA+ Project was a key experience during my first year of studies, especially considering I’m a careerswitcher. I was able to lead a team of highly motivated MBA students while being able to apply the frameworks and theories learned in class to a real-world business problem. These experiences were pivotal in securing a marketing internship during the summer.” Morgan Simental, MBA ‘12 Adobe Project Team Leader

Sample MBA+ Project: Adobe, Fall 2010 Issue Adobe requested a pricing strategy for the launch of a premium application in the tablet / mobile devices space. The team was asked to analyze the different strategies and make a recommendation based on the research available. Project The team provided a high level overview of several pricing strategies including pros/cons of each strategy, a detailed analysis of the ideal pricing strategy, a competitor analysis, and a market analysis including high-end app and photo app categories. APPLICATION The project kick-off meeting focused on identifying what both Adobe and the team wanted to get out of their collaboration. In the weeks that followed, the team conducted research and met regularly with Adobe staff to synthesize the research into key findings and, eventually, a pricing strategy. The team presented this information to the product managers of Photoshop, Lightroom and their mobile team at Adobe’s San Jose headquarters. After the presentation, the team had lunch with Adobe representatives and were paired with staff members to ask questions and learn more about what it is like to work at Adobe.

MBAs visit India on a Global Connections Study Tour.

Exchange and Double Degree Partner Universities * indicates Exchange Partner University, ** indicates Double Degree University

Aalto University School of Economics* Australian Graduate School of Management* China Europe International Business School (CEIBS)* Chinese University of Hong Kong*,** Copenhagen Business School* ESADE Business School* Escuela de Administración de Negocios para Graduados (ESAN)*,** Fundação Getúlio Vargas (FGV)*,** Guanghua School of Management, Peking University** HEC School of Management* INCAE Business School* Indian Institute of Management-Ahmedabad* Indian Institute of Management-Bangalore* Instituto de Altos Estudios Empresariales (IAE)* Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM-EGADE)*,** ITESM-EGADE** ITESM-EGADE** ITESM-EGADE** Koç University* Manchester Business School* McGill University* Melbourne Business School* National University of Singapore* Pontificia Universidad Católica de Chile*,** Rotterdam School of Management* Stockholm School of Economics* University of St. Gallen* Warwick Business School* WHU Koblenz-Otto Beisheim Graduate School of Management** Wits University* 18

Helsinki, Finland Sydney, Australia Shanghai, P.R.C. Hong Kong Copenhagen, Denmark Barcelona, Spain Lima, Peru São Paulo, Brazil Beijing, PRC Paris, France Costa Rica Ahmedabad, India Bangalore, India Buenos Aires, Argentina Monterrey, Mexico Zona Central, Mexico (campuses: Estado de Mexico, Queretaro, Toluca) Guadalajara, Mexico Zona Metropolitana Mexico City, Mexico (campuses: Santa Fe and Mexico City) Istanbul, Turkey Manchester, England Montréal, Canada Melbourne, Australia Singapore Santiago, Chile Rotterdam, The Netherlands Stockholm, Sweden St. Gallen, Switzerland Coventry, England Vallendar, Germany Johannesburg, South Africa

“Having recently returned from my 3 month stay in the Netherlands, I can’t begin to explain how valuable the whole experience was for me. I not only became friends with an incredibly diverse group of wonderful people, but was also introduced to a multitude of cultures and beautiful places that had previously been foreign to me.” Nancy Palma, MBA ‘11, Fall 2010 Exchange Program Participant at Rotterdam School of Management

186 students went abroad in 2010-2011

2.4 Exploring Global Business McCombs Global Connections

Exchange Programs

All Texas MBA students have the opportunity to participate in McCombs Global Connections study tours. Gain in-depth knowledge of how to conduct business in various international regions through these popular study tours, travel to selected which feature site visits to countries with fellow businesses and firms in the MBAs and learn about host countries. A semesterbusinesses, economy long program that combines and culture as part an 8 to 10 day study tour to of McCombs Global a region of interest, in-class Connections lectures and workshops, and a global business–related consulting project, McCombs Global Connections equips you with practical international management skills.

Through the Texas MBA exchange partnerships, you can spend one semester immersed in another culture, enhancing your global business education through spend one semester study at leading graduate business schools around the at a partner school world. The McCombs School of Business has reciprocal exchange partnerships with top business schools in Africa, Asia, Australia, Canada, Europe and Latin America. At most schools, the language of instruction is English.

8 to 10 Days + Full Semester Course

1 Semester

Double Degree Programs

Through the Texas MBA Double Degree program, you have the unique opportunity spend a year or more to explore and apply business at one of McCombs’ concepts in a global context. partner schools and Double Degree graduates earn a double degree (one from there and simultaneously earn two one from The University advanced degrees, an MBA from The University of Texas of Texas at Austin) at Austin and a second MBA from a partner school. The Double Degree consists of two long semesters and a summer of study at McCombs and the in-residence requirements of the Double Degree partner university. The average time required for completion of the Double Degree is two and one-half years. Texas MBAs who participate in the outbound Double Degree program are eligible for the Ryoichi Sasakawa Young Leaders Fellowship, which awards up to $10,000.

1+ Year

McCombs Global Connections destinations for 2012 include: • Brazil • China • India • Middle East • South Africa • Southeast Asia

The McCombs School of Business is a proud member of the Partnership in International Management (PIM). 19

3 Community 3.1 the texas mba Culture 3.2 DIVERSITY AT McCombs 3.3 The University of Texas at Austin 3.4 Austin, texas 3.5 REACHING BEYOND AUSTIN: The mccombs alumni network

“Everyone has a desire to succeed in business and in life. However, the difference at McCombs is everyone wants to see everyone else succeed as well. We foster an environment of camaraderie and companionship.” Jeremy Battier, MBA ‘11, President’s Associate, Caesar’s Entertainment 21

LAURA BESTE, MBA ‘12 Hometown: Minneapolis, MN Undergrad: Indiana University Undergrad Major: Marketing & Management Concentration(s): Marketing & Brand Management Pre-MBA Job: Merchandise Manager, Target Corporation Clubs Involved In: Retail Club (President), Graduate Marketing Network, MBA Soccer Club, Graduate Women In Business Internship: Brand Management, Nestle Favorite Class: Strategic Marketing Favorite Professor: Ty Henderson

“It is really nice to be married to another student in the program. You are on the same schedule, have the same stresses and excitements, and socialize with the same group of people. We made a huge effort to meet people on our own so that we would have a diverse and widespread group of friends. As long as you make the effort to be social and attend a lot of the events, being married isn’t significantly different than being single.”

KYLE BESTE, MBA ‘12 Hometown: Minneapolis, MN Undergrad: Carleton College Undergrad Major: Economics Pre-MBA Job: Negotiation Expert, Target Corporation Clubs Involved In: Graduate Business Council (President), Graduate Finance Association, Retail Club Internship: PepsiCo, Finance Intern Favorite Class: Operations Favorite Professor: Ross Jennings

“McCombs has been a great place for both Laura and I. When we talk about how much we love it here, we always tell our McCombs admission story. When McCombs called us to offer us admission, two members of the admissions committee called each of us at the exact same second so that Laura and I would find out we were going to school together and not worry about only one of us getting in. That simple gesture really embodies the type of people at McCombs and was one of the major reasons Laura and I knew McCombs was the place we wanted to spend two years of our lives. “

“Culture is one of the most distinctive aspects of McCombs; it really sets our program apart from other top business schools. I see the collaborative spirit every day. People at McCombs want their fellow classmates to succeed.” Courtney Eder, MBA ‘11, Associate Marketing Manager, Wal-Mart

3.1 The Texas MBA Culture 35+

The culture at McCombs—consistently identified as a key differentiator—creates a truly distinctive atmosphere that blends rigorous intensity and relaxed collegiality; social activity and individuality; a sense of community and an appreciation for diversity.

culture. SAS helps make the transition to full-time graduprofessional, social and ate school easier and more fun community-focused for everyone involved by prostudent organizations viding a means for significant others and families to share in the MBA experience.

Texas MBA Student Organizations

From the Graduate Finance Association to MBA Soccer to the Black Graduate Business Association, our 35-plus student organizations offer opportunities for everyone. By building professional, social and community organizations—sometimes as fresh initiatives—student activities invigorate the school and your MBA experience.

McCombs’ student organizations mirror the program’s MBAs in their healthy mixture of work and play. In addition to professional organizations, Texas MBAs bring their unique skills and hobbies to a variety of social groups and activities. From kayaking on Austin’s Lady Bird Lake with the Graduate Business Adventure Team to joining MBAs from all over the country for the MBA Soccer Texas Winter Classic Tournament, the opportunities to learn about yourself through your fellow classmates know no bounds.

Many organizations, like the Graduate Real Estate Society, lead to professional contacts and even careers. Others, like the Spouses and Significant Others Network (SAS), cement the close-knit sense of community that defines the McCombs

Photo by Kenny Braun

Opportunities for leadership, personal growth and fun: Armed Forces Alumni Association

Graduate Consulting Group

MBA Christian Fellowship

Black Graduate Business Association

Graduate Epicurean Society

MBA Golf Association

Business, Industry and Government Society

Graduate Finance Association

MBA Healthcare Association

China Business Association

Graduate Marketing Network

MBA OUTSource: a LGBT MBA Network

CleanTech Group

Graduate Operations Group

MBA Retail Club

Consortium Fellows Business Association

Graduate Real Estate Society

MBA Soccer

Energy Finance Group

Graduate Women in Business

McCombs Admissions Committee

Entrepreneur Society

Human Capital Strategy Group

Mexican Graduate Business Association

Graduate Business Adventure Team

Indian Graduate Business Association

Net Impact

Graduate Business Council

International MBA Student Association

Sports, Entertainment and Media Association

Graduate Business Technology Group

Jewish MBA Organization

Spouses and Significant Others Network

Graduate Business Wine Club

Latin American and Hispanic MBAs

Travel, Tourism and Hospitality Association

“You’re going to have several opportunities to explore your leadership at McCombs. However, it is up to you and you alone to discover yourself and your limits. I have taken a more active leadership role within the school and the community, and was recently elected co-liaison for The University of Texas to The Consortium. I would implore you take these two years of your life and truly find out what kind of leader resides within you.”

JEREMY BATTIER, MBA ‘11 Hometown: Detroit, MI Undergrad: Duke University Undergrad Major: History and Sociology Concentration: Marketing Post-MBA Job: President’s Associate, Caesar’s Entertainment Favorite Class: Data Mining Favorite Professor: Steve Magee/John Daly

3.2 Diversity at McCombs McCombs offers a welcoming environment for students from all backgrounds—a value confirmed by our commitment to national organizations like the Forté Foundation, the Consortium for Graduate Study in Management and Management Leadership for Tomorrow, as well as consistently ranking as one of the best business schools in the country for Hispanics by Hispanic Business magazine.

development resources to empower members to succeed in the marketplace. http://www.mbawomen.org National Black MBA Association (NBMBAA)

The Texas MBA Black Graduate Business Association partners with the National Black MBA Association, which is dedicated to developing collaborations that result in the creation of intellectual and economic wealth in the black community. McCombs participates in various local and national networking events, including the Annual Conference & Exposition.

Through small study groups, school-sponsored activities and student organizations, Texas MBAs are encouraged to explore and share their diverse experiences. Active organizations—such as the Black Graduate Business Association, Latin American and Hispanic Master in Business Association, Graduate Women in Business and MBA OUTSource (LGBT organization)—call attention to the diversity of the class, promote the transformation of the traditional corporate landscape and foster a pipeline of future leaders with an array of backgrounds.

http://www.nbmbaa.org National Society of Hispanic MBAs (NSHMBA)

McCombs is a corporate advisory board member of NSHMBA, which fosters Hispanic leadership through graduate management education and professional development. NSHMBA serves 32 chapters and 8,000 members in the U.S. and Puerto Rico. McCombs participates in local and national events, including their annual Conference and Career Expo.

Consortium for Graduate Study in Management (CGSM)

The Consortium consists of 17 top business schools that partner with American companies to facilitate the entry of minorities into managerial positions in business. It is the country’s preeminent organization for promoting diversity and inclusion in American business, recruiting AfricanAmericans, Hispanics and Native Americans for merit-based fellowships, as well as persons who demonstrate a commitment to the Consortium’s mission and can best assist the organization in pursuing its goals. http://www.cgsm.org

http://www.nshmba.org Management Leadership for Tomorrow (MLT)

McCombs works in partnership with Management Leadership for Tomorrow (MLT) to address the dramatic under-representation of African-Americans, Hispanics and Native Americans in leadership positions in corporations, entrepreneurial ventures and nonprofit organizations. MLT focuses on broadening the pipeline to top MBA programs— key training grounds for executive leadership roles—to cultivate greater diversity in leadership.

Forté Foundation

McCombs is a founding sponsor of the Forté Foundation, which aims to substantially boost the number of women business owners and leaders by increasing the flow of women into key educational gateways and business networks. Forté Foundation is a consortium of major corporations, top business schools and influential nonprofit organizations and has become a powerful change agent in educating and directing talented women toward leadership roles in business.

http://www.ml4t.org Reaching Out MBA

Reaching Out MBA promotes the education, visibility and networking capabilities of lesbian, gay, bisexual and transgender business leaders. The organization facilitates the formation of communities between and among students and the corporate sector in an ongoing effort to create the next generation of LGBT business leaders. McCombs students attend the Reaching Out MBA Conference and Summits each year.

http://www.fortefoundation.org

Photo by Kenny Braun

National Association of Women MBAs (NAWMBA)

NAWMBA, of which McCombs’ Graduate Women in Business (GWIB) is an official chapter, is dedicated to improving the visibility of women MBAs by offering career

http://romba.ah.exygy.com/

“The opportunities at the Texas MBA Program don’t stop at McCombs. You have the entire University at your fingertips! It’s incredible how easy it has been to craft my own study by combining classes and programs in the School of Communications and the LBJ School of Public Affairs with my MBA coursework.” Kate Stark, MBA ‘12 , Graduate Intern, Central Texas Education Funders

3.3 The University of Texas at Austin Though prominent in its own right, McCombs benefits from its association with The University of Texas at Austin. Breathing life into ideas, the university provides a network for creative thinkers, entrepreneurs and pioneers.

Business, the Cockrell School of Engineering, the School of Law, the LBJ School of Public Affairs, the College of Communication, the School of Architecture, the Jackson School of Geosciences, the School of Information and the Lozano Long Institute of Latin American Studies.

The University of Texas at Austin is home to over 50,000 students and more than 2,900 faculty and 21,000 staff members. Among the several colleges that rank largely among the top 20 in the country are such internationally distinguished programs as the McCombs School of

That breadth and depth of academic resources, combined with a rich cultural diversity and a drive to discover, offer unparalleled opportunities for learning. Take a look at the varied and important accomplishments taking place every day across campus and you’ll understand—what starts here changes the world. Learn more at www.utexas.edu.

Did you know? The University of Texas at Austin…

…is home to one of the largest and most significant collections of 20th century Latin American art in the U.S., as part of the Blanton Museum’s permanent collection.

…is the national leader in the number of master’s and doctoral degrees awarded annually, with 170 graduate degree programs and more than 10,000 graduate students.

…has devoted more than 500,000 square feet of indoor space and 40 acres of outdoor space to recreational sports facilities to which Texas MBAs automatically have access. The state-of-the-art athletic and aquatic facility, Gregory Gym, is conveniently located right across the street from the main McCombs facilities.

...supports more than 90 organized research units. ...is the 4th most patent-earning university in the country. …is ranked 13th in the nation among public universities, according to U.S. News & World Report’s “America’s Best Colleges” in 2011.

…boasts the innovative AT&T Executive Education and Conference Center just blocks away from the McCombs School of Business. The facility offers 40,000 square feet of meeting space and is outfitted with state of the art technology and sustainable features. In addition to the meeting space, the four-star hotel houses three fine dining establishments, a health club, courtyard and ballroom.

…has consistently ranked among the top 10 research libraries in the nation. The 17 campus libraries house more than eight million volumes.

Photo by Kenny Braun

...established a $300 million deal with ESPN to launch the Longhorn Sports Network in Fall 2011. The network will show Longhorns sports as well as original series, studio shows, historical programming and other academic and cultural events. 26

“My leadership at NASA was almost exclusively leading teams of engineers in very critical situations. Since coming to McCombs, I’ve had the opportunity to work with teams of very diverse sets of skills and very diverse backgrounds, and consequently I’ve learned to motivate and interact with people in new and differing ways.”

BLAKELEY McCRACKEN, MBA ‘12 Hometown: Houston, TX Undergrad: Texas A&M University Undergrad Major: Electrical Engineering Pre-MBA Job: Flight Controller for the International Space Station, NASA Mission Control Concentration(s): CleanTech/Entrepreneurship Clubs Involved In: Venture Fellows, Entrepreneur Society, CleanTech Group, Graduate Consulting Club Internship: Deloitte Consulting, Strategy and Operations Group Favorite Class: Sustainability in Business Practicum Favorite Professor: Rob McCulloch

3.4 Austin, Texas New arrivals to Austin are greeted by a city that often transforms their vision of Texas. Once a serene university town and now a metropolitan center with an affinity for live music and the outdoors, Austin is what demographers call a “City of Ideas.” Central Texas is one of a handful of American regions where a new creative class of business leaders, artists, entrepreneurs and visionaries are reshaping the model for American prosperity.

Through its diverse economic changes, Austin remains a city of lakes, hills and cosmopolitan culture—a city defined by its gregarious personality, endless opportunities for growth and a celebrated quality of life. Spend a day in one of the city’s 200 city parks or on 30 miles of urban hike-and-bike trails before enjoying your evening in the audience of one of Austin’s professional symphony, ballet or opera companies.

Austin Facts Community 750,000 residents; 1,700,000-person metropolitan area #1 Best City for the Next Decade, Kiplinger (2010) #1 America’s Best Bargain Cities, Forbes (2009) #1 Fastest Growing Metros, Forbes (2008) #1 City in the U.S. for Economic Recovery, Forbes (2010) #1 City for a Career, WomenCo (2009) #2 America’s Most Innovative Cities, Forbes (2010) #3 Best Place to Live, U.S. News & World Report (2009) #3 Best Place to Live, Money (2009) #4 Best City to Live, Outside Magazine (2009) Top Ten City for Hispanics, Hispanic Magazine (2008) Top 10 Best Places for Gen Y’ers, Kiplinger’s Personal Finance (2010) Among Top Ten Green Cities in the U.S., MSN City Guides (2007), Popular Science (2008), GreenBiz.com (2008) OUTDOORS 251 parks 9 wilderness areas 26 golf courses 150-mile-long chain of lakes 11,800 acres of greenbelt for recreation 300 annual days of sunshine Mild winter climate and year-round outdoor recreation 1.5 million Mexican free-tailed bats: North America’s largest urban bat population, working together to eat 10-20,000 lbs. of insects each night ARTS & CULTURE More than 35 art galleries and museums Recognized as the Live Music Capital of the World® Nearly 200 live music venues South by Southwest (SXSW) annual music, film and interactive festival Austin City Limits music festival 27 wineries as part of the Texas Wine Trail Professional symphony, opera and ballet BUSINESS Texas is home to more Fortune 500 companies than any other state Major area corporations include Dell, Freescale, IBM, AMD, National Instruments, Tivoli, Samsung, Applied Materials and 3M Texas Ranked #1 State for Business, CNBC (2010) #1 Most Recession-Proof City, Forbes (2009) #1 U.S. City for Job Growth, U.S. Bureau of Labor Statistics (2009) #2 America’s Fastest Growing Metros, Forbes (2009) #2 Hottest Labor Market, bizjournals.com (2008) #1 Best City for Jobs, Forbes (2009) Top Ten Start-up Cities in Nation, Entrepreneur (2009)

“I was surprised by how willing and eager McCombs alumni are to help fellow alumni and current students. I went to a large university for undergrad but I never experienced alumni that were quite as proud of their school.” Kayln Adams, MBA ‘10, Associate, Eastdil Secured

3.5 Reaching Beyond Austin The moment you accept your offer of admission to McCombs, your journey begins as a Texas MBA. With more than 85,000 business alumni in leadership positions around the world, including over 17,000 MBA alumni, you will enter a network of exceptional contacts. The experiences you enjoy during your two years in Austin foster lifelong ties with classmates, alumni and the school.

Provides leadership opportunities. Alumni are essential to

the development of initiatives for the McCombs community. Opportunities to serve include joining the McCombs Alumni Network MBA Advisory Board and the McCombs Advisory Council, assuming chapter leadership positions and advising student groups. Moreover, McCombs alumni stay involved with the school by conducting admisMcCombs alumni sions interviews, speaking at McCombs events and promoting corporate sponsorship opportunities.

85,000+

The McCombs Alumni Network… Extends your reach. By facilitating access to your col-

leagues and providing an avenue for you to stay connected, the Alumni Network adds generations of McCombs graduates to your personal network. It’s a dynamic organization that will allow you to communicate with alumni as close as your own neighborhood or reach across global expanses to one of 39 official alumni chapters—and countless informal groups—worldwide.

Keeps you connected. Because your business degree is

an asset you will draw on for the rest of your professional life, you will want to keep abreast of advances in the MBA program and changes at McCombs. The Alumni Network offers several strategic channels devised to connect alumni to McCombs and to each other, including class reunions, worldwide chapters, Open Magazine, social media groups and the McCombs TODAY blog. You can check out the McCombs TODAY blog at http://blogs.mccombs.utexas. edu/mccombs-today/ to stay abreast of what is happening around the business school.

Enriches your career. Graduation day isn’t the end of your

Photo by Jen Gallo

McCombs experience—it merely signals the next phase. Through opportunities like the McCombs Alumni Business Conference, numerous career resources and an array of continuing education offerings, including McCombs Knowledge To Go - an alumni and faculty led webinar series, the Alumni Network provides ongoing educational and professional development activities and resources to support you throughout your career.

4 Career Development

Photo by Dylan Griffin

4.1 Preparing for YOUR CAREER 4.2 mba class of 2011 preliminary salary Statistics

“Working on the Investment Fund, we were exposed to the leaders of money management firms around the nation. Their perspective on business, finance and money management helped me prepare for a career on Wall Street.” Ted Wang (pictured on opposite page), MBA ‘96, Partner, Goldman Sachs 33

Marissa Henderson JarrAtt, MBA ’04 Location: Plano, TX Job: Director of Marketing, Frito-Lay Concentration: Marketing Interests/Hobbies: Running, travel, photography, music, art and the natural world

“Earning my MBA helped me build the skills and preparedness I needed to transition from a career in corporate finance in telecom to a marketing career as a brand manager in consumer packaged goods. And my decision to attend McCombs helped me build not only the business acumen, but also the leadership and networking skills to be successful at Frito-Lay.”

4.1 Preparing for Your Career MBA Career Services helps you identify your vision for a lifetime career and capitalize on your talents. Long before you come to campus, the planning process for your arrival has begun—strengthening and building ties to industry, planning employer and student events, and reviewing your résumé. Career Services staff work continuously to develop relationships with highly sought-after employers, coordinating career fairs, treks, recruiting events and on-campus interviews each year. We provide individualized guidance and instruction in career exploration, building relationships for career success, case and behavioral interviewing, résumé and cover letter writing and salary negotiation. From preparing you for a summer internship to watching you land your ideal post-MBA position, our Career Services team doesn’t just talk about exciting careers—we help you launch them.

Career Treks give MBAs interested in particular industries

MBA Career Advisors help you with all phases of your job

Strategic Career Planning Class is a one-hour core class

search and career transition. You are encouraged to have ongoing meetings with your career advisor not only during your job search but throughout your tenure at McCombs. Career advisors specialize in industries and functions to help focus and guide your unique search, including a career advisor dedicated to global career opportunities for international students and those students pursuing careers outside the U.S.

offered in your first semester that will provide you with tools and techniques necessary to manage your lifelong career and hands-on opportunities to practice your skills.

or geographies the opportunity to interact with employers on their home turf. Last year Career Services led 13 treks to New York, the San Francisco Bay area, Houston, Dallas, Seattle and to local companies in Austin. While some treks are open to all functions, others are focused on specific areas including consulting, investment banking, marketing, clean tech or energy. Mock Interviews prepare you for on- and off-campus inter-

views before the first year recruiting season starts. Career Services staff, peer advisors, and communication coaches act as mock interviewers, providing you with detailed oneon-one feedback. While all students complete at least two mock interviews, you can do as many as you would like to polish your skills.

Recruiting

The Texas MBA’s real-world, hands-on approach to education makes graduates among the most sought after in the nation. Each year, recruiters from some of the world’s leading companies, as well as innovative mid-sized and startup firms, come to McCombs in search of the new breed of business leaders being developed. Key corporate partners engage with the school in dozens of customizable ways – in the classroom, through academic research projects, academic challenges, MBA+ projects and student organization events, to name a few.

Peer Advisors are second-year Texas MBAs selected,

interviewed and trained by MBA Career Services staff members to assist you during your first year in key areas such as résumé and cover letter review, job search strategy and mock interviews. You select your Peer Advisor based on your needs and area of interest.

Photo by Allison Smith

Top Recruiters A perennial favorite of corporate recruiters, the Texas MBA program draws top employers and facilitates numerous on-campus interviews each year. A sample of top employers (both full-time and internship) for 2010-2011 includes: 3M A.T. Kearney Advanced Micro Devices Amazon.com American Airlines American Express Company Apple AT&T Bain & Company Bank of America Booz & Co. Boston Consulting Group CenterPoint Energy Inc. Chevron Cisco Systems

Citi Coca-Cola North America ConocoPhillips Credit Suisse DaVita Dell Deloitte Consulting Delta Air Lines Deutsche Bank Dr Pepper Snapple Group Education Pioneers Eli Lilly ExxonMobil Corporation GE Company General Mills

Goldman Sachs & Co. Hess Hewlett-Packard Infosys Consulting Inc. Intel J.P. Morgan Chase & Co. Johnson & Johnson Kraft Lazard L’Oreal McKesson McKinsey & Co. Merrill Lynch Microsoft Corporation MillerCoors

PepsiCo/Frito-Lay PricewaterhouseCoopers Procter & Gamble Company Raytheon Sabre Holdings Symantec Target UBS Investment Bank United Airlines USAA Walmart Wipro Technologies

4.2 MBA Class of 2011 Preliminary Statistics These preliminary data are based on 173 base salaries voluntarily reported by students as of May 25, 2011. This report adheres to MBACSC guidelines. Numbers and percentages are rounded to the nearest whole number.

Salary Average: $102,942 Salary Median: 100,000 Average Signing Bonus: $23,592 Average Guaranteed Bonus: $20,195

By Function

Average Salary

% of Accepts

FINANCE & ACCOUNTING Corporate Finance/Treasury Investment Banking/Sales & Trading Investment Management and Research Venture Capital/Private Equity

$95,152 $99,895 $95,833 $98,697

20% 11% 4% 3%

MARKETING Marketing: Brand Management Marketing: General Marketing Sales & Business Development Marketing: Consumer Insights

$95,368 $97,500 $91,500 $98,833

11% 8% 4% 2%

MANAGEMENT Consulting General Management Operations

$120,275 $97,364 $102,571

22% 7% 4%

OTHER

$121,600

By Region

Photo by Jen Gallo

Average Salary

% of Accepts

REGION Southwest West Northeast Midwest South Mid-Atlantic

$102,131 $113,014 $102,789 $95,542 $101,400 â&#x20AC;&#x201C;

57% 13% 11% 7% 6% 1%

Outside the U.S.

$96,818

5 Becoming a Texas MBA 5.1 MBA Class of 2013 Profile 5.2 Applying to McCombs 5.3 connecting with McCombs 5.4 THE TEXAS MBA PROGRAM PORTFOLIO

“I e-mailed and spoke to current students and alumni, and every person was extremely helpful and supportive throughout the application process. I visited other programs but never felt the amount of support and camaraderie that I felt from Texas MBAs. I knew my dreams of being a career switcher could be realized with the knowledge I would gain in the program along with the support of the McCombs community.” Christie Ariate, MBA ’09, Consultant, Bain & Company 39

5.1 MBA Class of 2013 Profile as of June 1, 2011 Incoming Class 260 Number of Applicants ~2350 Average Age 28

Undergraduate Majors Business 34% Technical 31% Liberal Arts 17% Economics 13% Other 5%

Average Years Work Experience 5 Average GPA 3.4 Average GMAT 692

Geographic Information Texas 34% United States 40% International 26%

Gender Men 73% Women 27%

5.2 Applying to McCombs The McCombs School of Business attracts applicants from across the United States as well as over 50 countries across the globe. Our dedicated admissions staff strives to make the application process as smooth as possible for you by fielding questions and meeting as many applicants as possible while visiting cities world-wide on recruiting trips.

m College/University transcript(s): one (1) official copy in its original language, plus an English translation if original is not in English. The equivalent of a four-year U.S. bachelor’s degree from an accredited institution is required for program eligibility. m Official GMAT or GRE score report. The McCombs fulltime MBA GMAT code is 396-44-45 and the GRE code is 6882. m Official copy of TOEFL sent from ETS (international applicants only). The University’s TOEFL school code is 6882. m Photocopy of Green Card (U.S. Permanent Residents Only). Note: Applicants who have applied for U.S. Permanent Residency but who do not yet have the Green Card in hand must apply as international students; should the Green Card arrive thereafter, the applicant may notify us and the status will be changed to domestic applicant. m Résumé (suggested two-page maximum length). m Three required application essays. m Two letters of recommendation.

The Application Process

The Texas MBA program only accepts online applications. Instructions on how to apply, application tips and the online application are available in the Admissions section of our website. Interviews, which are part of the application process, are by invitation only. Applicants selected for an interview will receive an invitation by e-mail at any time from the point of file completion until the end of the review process. Interviews at McCombs are conducted mainly by admissions staff, alumni and current second-year students, both off and on campus.

Please note: At the end of the admissions season, decisions may be rendered on applications that have submitted the first four items listed above. Submission of only these four items is greatly discouraged and, in fact, will delay an admissions decision to the very end of the cycle when the class is almost always full.

Application Packet Checklist

The following items collectively constitute a complete application package for admission to both The University of Texas at Austin and the McCombs School of Business. m The Texas MBA online application. m Application processing fee.

Fall 2012 Application Deadlines:*

Test Codes

Round 1 Application Deadline: October 24, 2011 Decision Notification: Week of December 19

Round 3 Application Deadline: January 23, 2012 Decision Notification: Week of April 9

Round 2 Application Deadline: December 5, 2011 Decision Notification: Week of February 20

Round 4: Application Deadline: March 26, 2012 Decision Notification: Week of May 14

396-44-45 McCombs’ full-time MBA GMAT code 6882 The University of Texas at Austin’s TOEFL school code McCombs’ full-time MBA GRE code (same as TOEFL)

*While there are no anticipated changes to deadlines, please visit our website for the most accurate information. Applicants should apply within the first two rounds to be considered for admissions scholarships. 41

5.3 Connecting with McCombs Choosing the right school to invest in for a two-year MBA program is an important decisionâ&#x20AC;&#x201D;and we encourage you to use every resource in making that decision. The best way to determine if the Texas MBA is right for you is to experience it. The following opportunities are great ways to connect with current students and staff, learn more about the program and get a feel for the Texas MBA culture.

Receive Program Updates in Your Inbox

Register online to learn more about the Texas MBA program through our MBA Insider e-newsletter. Get information about program offerings, application advice and current happenings on campus. Contact Current Students

Insight from current students is priceless, especially because they were in your shoes recently. Contact current students at TexasMBA@mccombs.utexas.edu. Ask to be connected to someone in your area of study interest, someone from your city or just send any general questions.

Campus Visits

We welcome you to come to the McCombs School of Business for an information session, tour, class visit or lunch with a student. For information and to register your visit, go to http:// www.mccombs.utexas.edu/mba/full-time/admissions/visit.

Read Our Blogs

See what current Texas MBA students are up to at http://blogs.mccombs.utexas.edu/mba-students/.

Parking Information

We recommend parking in the Dobie Mall Parking Garage in the south part of campus on Whitis Street or in Brazos Parking Garage (BRG) on E. Martin Luther King Jr., Blvd. Be aware that parking fees may run up to $12 per day. For additional campus and parking maps, visit http://www. utexas.edu/maps/main/access/index.html.

Follow our Admissions blog at http://blogs.mccombs. utexas.edu/mba-admissions/. Follow Us!

On Twitter: @UTexasMBA On YouTube: UTexasMBA channel

Meet Us in a City Near You

Our admissions team travels worldwide to meet prospective students at MBA tours and McCombs Roadshow events. Check out our recruiting schedule online to find out when weâ&#x20AC;&#x2122;ll be in your area.

McCombs School of Business

AT&T Executive Education and Conference Center Brazos Parking Garage

Photo by Kenny Braun

Dobie Parking Garage

“One of my favorite things about McCombs is the diversity of thought. The school does a great job recruiting a student body with a variety of professional and cultural backgrounds who work effectively in this collaborative environment. Even people with similar backgrounds have very unique ways of looking at the same problem and this combination adds significant value when analyzing complex problems.”

JEFF THOMAS, MBA ‘11 Hometown: Houston, TX Undergrad: University of Houston Undergrad Major: Finance Concentration: Energy Finance Post-MBA Job: ConocoPhillips MBA Finance Development Program Favorite Class: Investment Theory Favorite Professor(s): Sandy Leeds

5.4 The Texas MBA Program Portfolio Did you know there are multiple program formats to earn the Texas MBA degree? The McCombs School of Business offers six different MBA program formats. Each program varies in location, schedule and experience level but contains the same faculty and curriculum. See the information below to review which program is the best fit for you. Full-Time MBA Program (Austin only) Website

http://www.mccombs.utexas.edu/mba/full-time

Work Experience

2–10 years (Median 5 years)

Typical Age Range

25–34 (Average 28 years)

Curriculum

Cohort-based core with option to specialize in one of many concentrations.

Program Fit with Career/Study Goals

Professional advancement or career transition with opportunity for concentrations.

Schedule

Monday-Thursday

Program Length

21 months (2 years)

Contact Information

512-471-7698; TexasMBA@mccombs.utexas.edu

MBA Programs for Working Professionals Website Typical Work Experience

Austin

Dallas-Fort Worth

Houston

http://www.mccombs.utexas.edu/ mba/temba

http://www.mccombs.utexas.edu/ mba/dallas

http://www.mccombs.utexas.edu/ mba/houston

2–7 years (median 6 years)

25–34 (average 29 years)

Cohort-based; Broad management focus. No concentrations available.

Professional advancement or transition without career interruption.

Monday and Tuesday evenings

Alternating Weekends; Friday evenings and all-day Saturday

Typical Age Range Curriculum

Program Fit with Career/Study Goals Schedule

33 months

24 months

512-471-7698; temba@mccombs.utexas.edu

512-471-7698; texasmbadfw@mccombs. utexas.edu

512-471-7698; texasmbahouston@mccombs. utexas.edu

Program Length Contact Information

Executive MBA Programs

Website Work Experience Typical Age Range Curriculum Program Fit with Career/ Study Goals Schedule Program Length Contact Information

Mexico City

http://www.mccombs.utexas.edu/mba/emba

http://executivemba.mx

8–18 years (median 12 years)

5–10 years (median 8 years)

32–42 (average 35 years)

28–38 (average 32 years)

Cohort-based; Broad management focus. No concentrations available.

Mid-career professionals seeking progression to senior-level management without career interruption.

Alternating Weekends; All-day Friday and Saturday

21 months

512-471-7698; TexasEMBA@mccombs.utexas.edu

512-471-7698; TexasEMBAMexicoCity@mccombs.utexas.edu

Photo by Kenny Braun

Austin

SABRINA DE VEYLDER, MBA ‘12 Hometown: Palma de Mallorca, Spain Undergrad: Université Paul Sabatier Undergrad Major: Information Systems Pre-MBA Job: Proposal Manager Concentration: General Management/ Human Capital Strategy Clubs Involved In: Human Capital Strategy Group, Latin American and Hispanic Master in Business Association, Graduate Women in Business Internship: Summer Intern, 3M Favorite Class: Macroeconomics Favorite Professor: Clemens Sialm

“I am loving my experience in Austin and at McCombs! As an international student I enjoy learning from my peers, continuously discovering new cultural differences and having the opportunity to share my experience and culture. McCombs is an exceptionally supportive environment where diversity is leveraged in every class and is valued by all of us, faculty and students.”

Admissions Deadlines Round 1: October 24, 2011

Round 2: December 5, 2011 Tel: (512) 471-7698 Fax: (512) 471-4131

Round 3: January 23, 2012 Round 4: March 26, 2012 (Final deadline for Fall 2012)

The University of Texas at Austin McCombs School of Business MBA Program Office 1 University Station, B6004 Austin, TX 78712-0205

McCOMBS SCHOOL OF BUSINESS