McCombs School of Business

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The Red McCombs School of Business at the University of Texas at Austin is one of the most distinguished business schools in the United States. The McCombs School includes about 4,500 undergraduates and was founded in 1922. Including the graduate accounting and MBA programs, the school educates more than 6,000 students each year, adding to its 80,000 member alumni base.

History

1910–1980

While the University of Texas at Austin was founded in 1883, the business school was not established until 1912. The first Bachelor of Business Administration (BBA) degree was offered in 1916. Immediately successful, the school expanded until undergraduate business enrollment reached 10,000. In 1984, the school implemented higher academic standards to curb growth.

In 1995 the college became the first to require students have an e-mail address. In 1996-1997 the GSB (Graduate School of Business) and CBA (College of Business Administration) underwent modernization projects, adding a trading center and career center.

Tech boom

Sensing the impending growth of technology, the business school offered its first MIS (Management Information Systems) degree in 1990.

MBA Program

The University of Texas at Austin offers students the opportunity to obtain a top rated MBA degree in four different cities — Austin, Dallas, Houston, and Mexico City. In all locations the Texas MBA is not distinguished as to type of program or location, since there is no difference in the entrance requirements for all programs, and the classes are taught by the same world class faculty. In Austin, there are traditional day and evening programs, as well as an executive program. Additionally, McCombs offers an executive style program for working professionals in Dallas, Houston and Mexico City.

The technology boom in Austin helped accelerate the demand for a focus on entrepreneurship at the top rated MBA program. Entrepreneurship has been popular at the graduate school for some time as shown by the creation of MOOT CORP®, the first inter-business school, new venture competition in the world. It was founded in 1984, and is now known as the "Super Bowl of world business plan competitions." The MBA Entrepreneurship Society is the second largest student run organization on campus...another sign of entrepreneurship's popularity at the school.

The MBA Investment Fund, LLC. was founded in 1994, becoming the first legally constituted investment fund run by MBA students. It proved very successful, with a 17.5 percent annual return to date.

In 1999, the Venture Fellows (VF) program was formed by James Walbom, a 2001 MBA graduate of the McCombs School of Business. The first of its kind, the program intended to connect the thriving Texas Venture Capital community with the most talented MBA students at the University of Texas. It has become the leading program of its kind nationally, providing both real-world experience with local venture capital firms and a unique venture capital-focused curriculum.

McCombs provides ample opportunities for students to pursue their many interests. One way is through more than 40 student organizations which open doors to relationships, leadership, professional growth, increased understanding, and just plain fun.

Name change

On May 11, 2000, businessman Red McCombs announced a $50 million donation to the University of Texas at Austin. In his honor, the College of Business Administration and the Graduate School of Business were renamed the Red McCombs School of Business.

Awards and distinctions

The McCombs Professional Program in Accounting (PPA) and Master in Professional Accounting (MPA) programs are consistently recognized as the best in the nation by the Public Accounting Report. Most of its programs are ranked as top 5. McCombs is the only school to have every undergraduate business program ranked as top 10.

Current rankings for the McCombs School of Business:

MBA

11 Forbes (2005)
18 U.S. News (2007)
20 BusinessWeek (2006)
Top 25 Business 2.0 (2005)

BBA

5 U.S. News (2006)
13 BusinessWeek (2007)

Executive MBA

12 Worldwide, BusinessWeek (2005)
14 U.S. News (2007)
30 Worldwide, Financial Times (2006)

Part-time MBA

25 U.S. News (2007)

Accounting

1 Graduate Program, Public Accounting Report (2006)
1 Undergraduate Program, Public Accounting Report (2006)
1 Accounting (Undergraduate), U.S. News (2006)
1 Accounting (Graduate), U.S. News (2007)
2 PhD Program, Public Accounting Report (2006)
3 Accounting (MBA), Wall Street Journal (2006)

PhD

27 Worldwide, Financial Times (2006)

Departments, programs and specializations

Graduate

1 Accounting, U.S. News (2007)
3 Accounting (MBA), Wall Street Journal (2006)
3 Information Systems, U.S. News (2007)
4 MBA Program for Hispanics, Hispanic Business (2006)
6 Information Technology, Wall Street Journal (2006)
8 Entrepreneurship, U.S. News (2007)
10 Marketing, U.S. News (2007)
11 MBA Program for Indians, IndUS Business Journal (2004)
14 Finance, U.S. News (2007)
14 International Business, U.S. News (2007)
15 Productions/Operations Management, U.S. News (2007)
16 Top MBA Programs for Latin Americans-Global, America Economia (2006)
19 General Management, U.S. News (2007)

Undergraduate

1 Accounting, U.S. News (2006)
3 Management Information Systems, U.S. News (2006)
3 Marketing, U.S. News (2006)
5 Management, U.S. News (2006)
6 Finance, U.S. News (2006)
6 International Business, U.S. News (2006)
7 Insurance/Risk Management, U.S. News (2006)
10 Entrepreneurship, U.S. News (2006)
11 Production/Ops Management, U.S. News (2006) 13 Quantitative Analysis/Methods, U.S. News (2006)
16 Supply Chain Management/Logistics, U.S. News (2006)

External links

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Last updated on Wednesday January 09, 2008 at 13:09:46 PST (GMT -0800)
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