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2010-2011<br />
McCOMBS SCHOOL OF BUSINESS ANNUAL REPORT<br />
VIEWPOINT, TEXAS PDF HANDOUT.<br />
FOR FULL ONLINE SITE, VISIT<br />
WWW.MCCOMBS.UTEXAS.EDU/VIEWPOINTTX.
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Denis Diderot, French writer and philosopher, 1713-1784<br />
2010-2011 Annual Report I 2
Welcome to<br />
Viewpoint, <strong>Texas</strong><br />
I hope you will take some time to explore www.mccombs.utexas.edu/<br />
viewpointtx/ to see your business school through a fresh, 360-degree<br />
lens. You may be surprised at the breadth and diversity <strong>of</strong> what happens<br />
within these walls.<br />
You know us as one <strong>of</strong> the truly great undergraduate programs in the<br />
country, a top-tier MBA program residing in four major cities and the<br />
number-one accounting program anywhere, but let’s keep going. <strong>The</strong><br />
school is home to a red-hot technology commercialization degree, we’re<br />
a top-10 business research powerhouse, the benchmark <strong>of</strong> teaching<br />
excellence at the university, a productive Ph.D. incubator, the highestranked<br />
graduate entrepreneurship program in <strong>Texas</strong>, and we just<br />
launched a consumer poll that will shape energy production, innovation,<br />
and policy decisions in the years ahead.<br />
Companies from Beijing to São Paulo fly executive teams to Austin for<br />
our customized education. High school teachers from El Paso to Houston<br />
to Brownsville send teenagers to our campus for leadership immersion.<br />
Elite academic institutions post their faculty here to enrich and enlarge<br />
their perspective. And parents all across <strong>Texas</strong> just hope their children<br />
will study hard enough to get in!<br />
When you add the number <strong>of</strong> university students who take <strong>Business</strong><br />
Foundation courses to our total enrollment, it’s clear that <strong>McCombs</strong><br />
positively impacts the lives and careers <strong>of</strong> 10,000 students each year—<br />
about 20 percent <strong>of</strong> the total UT Austin student population. As the<br />
popular T-shirts say, <strong>Texas</strong> Means <strong>Business</strong>.<br />
2010 – 2011 ADVISORY<br />
COUNCIL ANNUAL REPORT…<br />
4<br />
New and Growing<br />
8<br />
Education Dollars and Sense<br />
10<br />
Research and Teaching<br />
Share Spotlight<br />
13<br />
Student Body Snapshots<br />
16<br />
Positive Jobs Picture<br />
18<br />
Rankings: A Top-Tier View<br />
From this viewpoint, you will quickly realize that the school <strong>of</strong> business<br />
at <strong>Texas</strong> is not a singular academic experience; our goals are not easily<br />
pigeonholed, nor does our model match a one-size-fits-all analysis.<br />
Our mission is to educate leaders who create value for society, an<br />
objective approached in myriad and thoughtful ways, with efficiency and<br />
superlative outcomes.<br />
I’m personally grateful for your loyal support and involvement in this<br />
meaningful work and ask you to raise your voices and your influence on<br />
behalf <strong>of</strong> our mission in the year ahead.<br />
DEAN<br />
Thomas<br />
W.Gilligan<br />
Dean Thomas W. Gilligan<br />
2010-2011 Annual Report I 3
New and Growing<br />
It’s been a year <strong>of</strong> challenge and opportunity in which budget and resource<br />
realities have been faced down and the hot summer has sizzled with debate<br />
about the priorities <strong>of</strong> higher education. <strong>The</strong> push for excellence at <strong>McCombs</strong><br />
continues nonetheless.<br />
<strong>Texas</strong> Executive Education continues two-year rebound from 2008-09. Significant new<br />
custom programs this year included Sinopec, ExxonMobil, USAA, National Oilwell Varco, and<br />
Polycom, with a diverse mix <strong>of</strong> new programs in the pipeline. Revenues are up 40 percent and<br />
faculty participation has gone from fewer than 70 to more than 80 in the past two years.<br />
TOTAL EXECUTIVE EDUCATION PROGRAM DAYS<br />
+40%<br />
Revenue<br />
AT&T Executive Education and Conference Center revenues and cash flow impress.<br />
Given current performance the center will easily provide sufficient revenues to maintain its<br />
four-star status and continue to contribute to the academic mission <strong>of</strong> the <strong>McCombs</strong> <strong>School</strong> <strong>of</strong><br />
<strong>Business</strong>. 2011-to-2010 comparison:<br />
• Total revenues up 17 percent<br />
• Cash flows up 141 percent<br />
Energy careers gain in popularity. More <strong>McCombs</strong> students are focusing on energy thanks<br />
to increased interest in energy careers and the work <strong>of</strong> the Energy Management and Innovation<br />
Center (EMIC) in facilitating new energy <strong>of</strong>ferings. <strong>The</strong> energy sector, which accounted for 5<br />
percent <strong>of</strong> post-MBA jobs in 2008, has accounted for 9, 8, and 10 percent <strong>of</strong> positions in 2009,<br />
2010, and 2011, respectively. <strong>The</strong> growth in interest is seen in classes like these:<br />
ENERGY FINANCE CLASS<br />
SHERIDAN TITMAN AND JOHN BUTLER<br />
OIL AND GAS ACCOUNTING CLASS<br />
WAYNE SCOTT<br />
2010-2011 Annual Report I 4
“I came to <strong>McCombs</strong> because I want to take the MSTC Program<br />
to the next level. More than at anytime in our lifetimes, our<br />
country needs pr<strong>of</strong>essionals who can take technologies from the<br />
idea stage to the marketplace—the very skills the MSTC Program<br />
teaches.” Gary Cadenhead, Director, Master <strong>of</strong> Science in<br />
Technology Commercialization Program<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
In the spring <strong>of</strong> 2011, EMIC <strong>of</strong>fered four energy practicum<br />
opportunities for graduate students, featuring projects for<br />
ConocoPhillips, Deloitte, Walmart, and Waste Management.<br />
EMIC publishes viewpoint on energy use. President William Powers Jr. and Dean<br />
Thomas W. Gilligan announced the first <strong>University</strong> <strong>of</strong> <strong>Texas</strong> Energy Poll, a comprehensive<br />
survey <strong>of</strong> energy consumers’ attitudes and behaviors, in Washington, D.C., in October<br />
2011. Created under the guidance <strong>of</strong> advisory board member Peter Zandan and <strong>McCombs</strong><br />
Marketing Department Chair Wayne Hoyer, the energy poll is an objective overview <strong>of</strong><br />
consumer viewpoints on energy consumption, pricing, development, and regulation.<br />
<strong>Texas</strong> Venture Labs enables more than $11 million in funding. TVL continues<br />
to mature as an experiential learning program that advances commercialization. Crossdisciplinary<br />
student teams work to advance startups along specific timelines under faculty<br />
supervision. In 2010-11, 50 students worked on 20 initiatives. Eight <strong>of</strong> those companies<br />
received venture funding <strong>of</strong> more than $11 million. Great strides have been made this<br />
year to forge cross-campus collaborations with the Cockrell <strong>School</strong> <strong>of</strong> Engineering, the<br />
Office <strong>of</strong> Technology Commercialization, and other innovation hotspots at the university.<br />
MSTC Program nearly doubles in size. <strong>The</strong> MSTC Class <strong>of</strong> 2011 was the 15th<br />
class and the first to begin and graduate at <strong>McCombs</strong>. <strong>The</strong> reputation <strong>of</strong> <strong>McCombs</strong><br />
has enhanced the status <strong>of</strong> the MSTC degree and greatly expanded its exposure to<br />
prospective students. <strong>The</strong> Class <strong>of</strong> 2012 began with 65 students, nearly twice the number<br />
<strong>of</strong> the preceding class. <strong>The</strong> goal for the Class <strong>of</strong> 2013 is two cohorts <strong>of</strong> 50 students each.<br />
<strong>The</strong> Class <strong>of</strong> 2012 will be the first to have an internship program designed to provide<br />
commercialization experience and to supplement their income. Four entrepreneurial<br />
teams from the MSTC Class <strong>of</strong> 2011 are launching ventures, including: Vocal Media,<br />
ClearBrook Imaging, Blast <strong>The</strong>rapeutics, and Cloudmason.<br />
2010-2011 Annual Report I 5
<strong>McCombs</strong> increases exposure in health care. Moving to expand the school’s influence in<br />
health care, Pr<strong>of</strong>essor Reuben McDaniel took the lead in 2010 to establish the Innovation in<br />
Health Care Delivery Systems Symposium, in which academics and health care pr<strong>of</strong>essionals<br />
discuss knowledge discoveries impacting health care management, decision making, and<br />
information utilization. <strong>The</strong> second symposium in 2011 drew experts from several programs at<br />
<strong>McCombs</strong> and from schools and colleges across the university. <strong>The</strong> third will expand the reach<br />
<strong>of</strong> this impactful initiative.<br />
<strong>Business</strong> Government & Society Department engages. Creation <strong>of</strong> the new BGS Department<br />
marked the first new academic department at the business school in more than 50 years. In its first<br />
full year <strong>of</strong> operation, major accomplishments included:<br />
• Ethics in Action video series funded by the Deloitte Foundation<br />
• Partners in <strong>Business</strong> Ethics Conference<br />
• <strong>Business</strong> ethics scholar Lamar Pierce brought in as a Harrington Fellow<br />
• <strong>Business</strong> ethics now a required course for MBAs and undergraduate business majors<br />
(MPA already had this requirement)<br />
• New MBA concentrations in Ethics & Corporate Social Responsibility and Public &<br />
Governmental Affairs<br />
Top U.S. accounting schools collaborate with <strong>McCombs</strong>. <strong>The</strong> number-one-ranked <strong>Texas</strong><br />
MPA program is driving the creation <strong>of</strong> an accounting consortium <strong>of</strong> top U.S. programs, which will<br />
address key academic and operational objectives. Member programs (<strong>The</strong> <strong>University</strong> <strong>of</strong> <strong>Texas</strong> at<br />
Austin, Brigham Young <strong>University</strong>, Indiana <strong>University</strong>, <strong>Texas</strong> A&M <strong>University</strong>, <strong>University</strong> <strong>of</strong> North<br />
Carolina, and <strong>University</strong> <strong>of</strong> Southern California) graduate more than 1,300 outstanding accounting<br />
students each year.<br />
More alumni enjoying Knowledge To Go. Advisory board member Sean McDonald, MBA ’86,<br />
helped launch the monthly Knowledge To Go webinar series in 2009 to give faculty, students, and<br />
alumni the opportunity to enhance their personal and pr<strong>of</strong>essional development. Thirty sessions<br />
later, it has become one <strong>of</strong> our most popular alumni benefits.<br />
KNOWLEDGE TO GO<br />
<strong>The</strong><br />
<strong>McCombs</strong><br />
Alumni<br />
Network<br />
2010-2011 Annual Report I 6
“This will be the year I will be more involved. I will take<br />
a leadership position so I can start creating change in<br />
my community.” Juan Pablo Gevaudan, BBA student<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
New publications open lively view <strong>of</strong> school. Three freshly conceived publications arrived<br />
on the scene this year. OPEN magazine (formerly, <strong>Texas</strong>) features a stylish and thoughtful<br />
presentation <strong>of</strong> stories and knowledge relevant to alumni and friends. <strong>McCombs</strong>TODAY.org<br />
was revamped as an expanded online chronicle <strong>of</strong> the people, happenings, and accomplishments<br />
within the <strong>McCombs</strong> community. <strong>Texas</strong>Enterprise.org, launched in January, presents “Big<br />
Ideas in <strong>Business</strong>” from around the university, including career help, new research findings,<br />
and business best practices. <strong>The</strong> online sites draw thousands <strong>of</strong> visitors each week.<br />
Undergraduates share adventure in leadership. During spring break 2011, 23 seniors<br />
traded their vacations for a trip to Belize to teach entrepreneurship to vocational students,<br />
helping them create business plans and apply for loans. <strong>The</strong> students created the curriculum<br />
themselves after a semester <strong>of</strong> entrepreneurship and cultural training.<br />
Supply chain trek attracts national press. Students in Michael Hasler’s introductory<br />
operations management class spent five weeks during the summer tracking manufactured<br />
products upstream through the supply chain, from an Austin Target store to a factory in<br />
Shenzhen. <strong>The</strong> experiential learning initiative received national attention in the education<br />
press as an innovative application <strong>of</strong> global learning. <strong>The</strong> trip is one <strong>of</strong> several international<br />
education programs enabled by the Center for International <strong>Business</strong> Education and Research<br />
(CIBER) at <strong>McCombs</strong>.<br />
2010-2011 Annual Report I 7
Education Dollars<br />
and Sense<br />
Higher education costs are in the spotlight and solutions are being discussed on<br />
blogs and Facebook pages, in public pronouncements, and within homes across<br />
<strong>Texas</strong> and the nation. Looking for models <strong>of</strong> innovation and efficiency — how<br />
about a school that manages to combine top-tier outcomes with one <strong>of</strong> the best<br />
education values in the country?<br />
• Among the business schools that rank in the top 20 in both Bloomberg <strong>Business</strong>week and<br />
U.S. News and World Report, <strong>McCombs</strong> has the third-highest return on investment based<br />
on tuition cost relative to starting salaries.<br />
• <strong>McCombs</strong> has one <strong>of</strong> the least expensive tuitions among elite undergraduate business<br />
schools. (Small wonder our undergraduate business program at <strong>McCombs</strong> received more<br />
than 7,000 applications for 800 spaces this year.)<br />
• <strong>McCombs</strong> is also a best value among elite MBA programs. Forbes ranks <strong>McCombs</strong> as<br />
the 17th-best graduate business program in the country, with the fifth-best return on<br />
investment among top public MBA programs.<br />
• <strong>The</strong> Wall Street Journal ranks our executive MBA program No. 12 in the nation.<br />
Out <strong>of</strong> 25 ranked programs, only two have lower tuition.<br />
New Forty Acres Scholarships attract top<br />
students. Of 10 talented undergraduates who earned<br />
the inaugural Forty Acres Scholarships, five were<br />
entering students in the <strong>McCombs</strong> <strong>Business</strong> Honors<br />
Program: Anne Alexander, Monica Bisch<strong>of</strong>f, Wesley<br />
Howard, Armiya Humphrey, and Linda Shi. This year<br />
donors helped the school establish 12 additional<br />
Forty Acres Scholarships, bringing a total <strong>of</strong> 24<br />
funded or pledged four-year scholarships for<br />
<strong>McCombs</strong> students.<br />
BUSINESS HONORS PROGRAM APPLICATIONS<br />
116% INCREASE IN BHP APPLICATIONS SINCE 2005<br />
2010-2011 Annual Report I 8
“To me, success means achieving a goal that you set on<br />
your own. Success is getting to any point that is better<br />
than the situation you’re in. Success is doing what you<br />
thought you could not.” Shaharyar Anjum, BBA student<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Funding leaps forward for <strong>McCombs</strong> mission. This year saw a jump in endowments,<br />
gifts, and scholarships with over $18.5 million raised, including:<br />
• Two $1 million planned gifts<br />
+41%<br />
• $600,000 from Accenture for <strong>Texas</strong> Venture Labs<br />
• $500,000 from the Deloitte Foundation for the<br />
<strong>McCombs</strong> Ethics in Action Video Series<br />
• $300,000 from Halliburton in support <strong>of</strong> the<br />
Halliburton <strong>Business</strong> Foundations Summer Institute<br />
• $480,000 through six student giving campaigns<br />
GARY KELLY<br />
CEO AND CHAIRMAN, SOUTHWEST AIRLINES<br />
CHAIR, McCOMBS SCHOOL ADVISORY COUNCIL<br />
“As some people in<br />
other states lament<br />
the condition <strong>of</strong><br />
higher education,<br />
I invite you to<br />
consider instead…<br />
Viewpoint, <strong>Texas</strong>”<br />
2010-2011 Annual Report I 9
“To me, success means being a<br />
happy person at the end <strong>of</strong> the day.”<br />
Taehoon Kim, BBA student<br />
Research and<br />
Teaching Share<br />
Spotlight<br />
In a top-tier research university, academic inquiry and superlative teaching<br />
are complementary traits. <strong>The</strong> driving factors that propel influential<br />
research institutions also encourage vigorous inquiry and debate within<br />
the classroom, producing students better prepared to innovate rather than<br />
follow precedent. That’s one reason students graduating from top researchproducing<br />
schools earn more money after graduation.<br />
AACSB affirms <strong>McCombs</strong> as business education leader. In April <strong>McCombs</strong> received continuing<br />
accreditation in business and accounting by AACSB International, the preeminent global accrediting<br />
body for business schools. Of 607 schools <strong>of</strong> business, fewer than 5 percent worldwide have this<br />
hallmark <strong>of</strong> excellence.<br />
<strong>McCombs</strong> has one <strong>of</strong> the world’s most productive research faculties. <strong>The</strong> <strong>McCombs</strong> faculty is<br />
the 11th-most productive business school faculty in the world (10th in the nation) according to the<br />
current Research Rankings produced by the <strong>University</strong> <strong>of</strong> <strong>Texas</strong> at Dallas <strong>School</strong> <strong>of</strong> Management. In<br />
the biennial Bloomberg <strong>Business</strong>week MBA rankings, <strong>McCombs</strong> ranks 17th for intellectual capital.<br />
In the annual Financial Times rankings, <strong>McCombs</strong> ranks 22nd for global faculty research.<br />
Ph.D. students produce key business<br />
research. <strong>McCombs</strong> has held a top-30 rank for<br />
doctoral productivity in the world for the last four<br />
years, according to Financial Times. We have<br />
steadily trended upward over the past five years<br />
in both global and domestic public rank.<br />
<strong>McCombs</strong> generally produces 15 to 20 doctoral<br />
graduates a year across five departments. More<br />
than 80 percent <strong>of</strong> these graduates begin their<br />
academic careers as tenure-track assistant<br />
pr<strong>of</strong>essors, many at some <strong>of</strong> the finest business<br />
research institutions in the world.<br />
WORLDWIDE DOCTORAL RANK<br />
U.S. PUBLIC DOCTORAL RANK<br />
2010-2011 Annual Report I 10
“I came to <strong>McCombs</strong> because it gives me the opportunity<br />
to study what I want and the resources to go where I<br />
want.” Thomas Allison, BBA student<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Superb teachers enjoy effective tools. This year Pr<strong>of</strong>essors Kathy Edwards, Keith<br />
Brown, and Lisa Koonce accepted Dean Gilligan’s appointment to lead a teaching excellence<br />
initiative at <strong>McCombs</strong>. <strong>The</strong>ir team established benchmarks, interviewed 100 <strong>McCombs</strong><br />
faculty members, and made recommendations to improve:<br />
• Coordination <strong>of</strong> course timing and content<br />
• Teaching expertise and assistance for teaching delivery<br />
• Definition and measurement <strong>of</strong> teaching effectiveness<br />
• Incentives and teaching resources<br />
• Physical facilities<br />
As the initiative progresses to next steps, our faculty members continue to set the pace for<br />
teaching excellence across the university. Spotlights on teaching excellence include:<br />
Regents’ Outstanding<br />
Teaching Award<br />
Ethan Burris<br />
John Daly<br />
Robert Duvic<br />
Gail Gemberling<br />
Prabhudev Konana<br />
<strong>McCombs</strong><br />
Teaching Awards<br />
Jim Dyer<br />
Greg Hallman<br />
Dorothee Honhon<br />
Ross Jennings<br />
Heidi Toprac<br />
Princeton Review, Best 294 <strong>Business</strong> <strong>School</strong>s, 2012<br />
Dallas/Fort Worth MBA<br />
Outstanding Teacher<br />
Prabhudev Konana<br />
<strong>Texas</strong> Exes<br />
Teaching Award<br />
Herb Miller<br />
American Risk and<br />
Insurance Association<br />
(ARIA) Excellence<br />
in Teaching<br />
Patrick Brockett<br />
BBA Faculty Honor Roll<br />
Gretchen Charrier<br />
Prabhudev Konana<br />
Sanford Leeds<br />
Luis Martins<br />
Christopher Meakin<br />
David Miller<br />
Frances Pederson<br />
Robert Prentice<br />
Jonathan Sims<br />
Rajashri Srinivasan<br />
Michael Williamson<br />
MBA Graduate<br />
<strong>Business</strong> Council<br />
Applause Awards<br />
Michael Brandl<br />
Doug Dierking<br />
Cesare Fracassi<br />
Britt Freund<br />
Ty Henderson<br />
Ross Jennings<br />
Lisa Koonce<br />
Sandy Leeds<br />
Kate Mackie<br />
Reuben McDaniel<br />
Jim Nolen<br />
Bob Parrino<br />
Tom Shively<br />
Clemens Sialm<br />
2010-2011 Annual Report I 11
Leslie Cedar, MBA ’98<br />
Leslie is CEO and Executive Director, <strong>Texas</strong> Exes<br />
“I have a particular interest in performance and achievement that was also cultivated in<br />
business school. So part <strong>of</strong> it is being a competitive person, but a lot <strong>of</strong> it is just an innate<br />
desire to do the best that I can in whatever situation I’m dealing with.<br />
“Pr<strong>of</strong>essionally, it’s about protecting the quality <strong>of</strong> our institution, and then from the<br />
<strong>Texas</strong> Exes perspective, protecting and promoting the relevance <strong>of</strong> the association for the<br />
preservation <strong>of</strong> the university.”<br />
Leslie Cedar took over the reins <strong>of</strong> the <strong>Texas</strong> Exes alumni association July 1. She is the first female executive<br />
director in its 125-year history, where she sees herself on a mission to rally the Longhorn faithful.<br />
John, BBA ’66, JD ’69 and<br />
Suzanne (Susie) Adams, BA ’67<br />
John is Managing Partner, Overton Holdings<br />
“We’ve had the opportunity to support many causes, but this one was special because <strong>of</strong><br />
the impact <strong>of</strong> a Forty Acres Scholarship in attracting the best students from <strong>Texas</strong> high<br />
schools. We know that students that go to school in <strong>Texas</strong> are more likely to stay here and<br />
become contributing members <strong>of</strong> society.<br />
“We are also so pleased to support a pr<strong>of</strong>essor at UT Austin, thus contributing to the<br />
academic excellence <strong>of</strong> this ‘<strong>University</strong> <strong>of</strong> the First Class.’”<br />
Alumnus John Adams and his wife Susie established a Forty Acres Scholarship (which was matched), and they<br />
established a pr<strong>of</strong>essorship that will eventually become an endowed chair. <strong>The</strong>ir blended gift attracts top students and<br />
equally distinguished faculty members.<br />
Matt Chasen, MBA ’04<br />
Matt is Founder and CEO, uShip<br />
“I wrote our business plan in the New Venture Creation class and recruited my co-founders<br />
from the class. I got more out <strong>of</strong> my classes by thinking about how I could immediately apply<br />
the concepts to our business.”<br />
Matt Chasen will be recognized along with David Murrell, BBA ’01, as a Rising Star<br />
during the Hall <strong>of</strong> Fame celebration. Chasen sharpened his entrepreneurial skills<br />
while completing his MBA — and uShip was a semifinalist in the 2004 <strong>Texas</strong> Moot<br />
Corp Competition. He regularly mentors other <strong>McCombs</strong> entrepreneurs, and hires<br />
graduates and summer interns.<br />
2010-2011 Annual Report I 12
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Student Body Snapshots<br />
Need a shot <strong>of</strong> optimism? Meet the <strong>Texas</strong> business students who will be leading<br />
organizations, launching companies, guiding policies, and creating innovations in the coming<br />
decades. A healthy portion <strong>of</strong> them are already doing it, so be prepared to be impressed.<br />
Here are highlights <strong>of</strong> this year’s incoming class <strong>of</strong> rising stars.<br />
TEXAS BBA<br />
95% freshman<br />
retention rate<br />
<strong>of</strong> students<br />
38% study abroad<br />
THE HIGHEST AT THE UNIVERSITY<br />
OF TEXAS AT AUSTIN<br />
AVERAGE SAT<br />
TEXAS BHP<br />
1.9%<br />
AVERAGE HIGH SCHOOL CLASS<br />
RANK OF ENROLLED BHP STUDENTS<br />
MPA<br />
114 Traditional<br />
MPA Students<br />
3.76 Average<br />
GPA<br />
665 Average<br />
GMAT<br />
FULL-TIME MBA<br />
265 Students Average<br />
AVERAGE GMAT<br />
3.43 691<br />
GPA<br />
2010-2011 Annual Report I 13
“I came to <strong>McCombs</strong> because I knew the reputation <strong>of</strong><br />
the business school would put me in a position to get a<br />
great education, meet people with goals similar to mine,<br />
and allow me to leave the school and get a great job.”<br />
Akshay Tolia, BBA student<br />
WORKING PROFESSIONAL AND EXECUTIVE MBA ENTERING CLASS SIZE<br />
46 65<br />
76<br />
75<br />
91<br />
EMBA: 65<br />
TEMBA: 75<br />
HOUSTON: 91<br />
DALLAS/FORT WORTH: 76<br />
MEXICO CITY: 46<br />
EMBA<br />
65 Students 3.3 Average<br />
GPA<br />
AVERAGE GMAT<br />
640<br />
DALLAS/FORT WORTH MBA<br />
76 Students 3.4 Average<br />
GPA<br />
AVERAGE GMAT<br />
660<br />
TEMBA<br />
75 Students 3.3 Average<br />
GPA<br />
HOUSTON MBA<br />
91 Students 3.4 Average<br />
GPA<br />
AVERAGE GMAT<br />
645<br />
AVERAGE GMAT<br />
650<br />
MEXICO CITY EMBA<br />
49 Students<br />
UP FROM 35 LAST YEAR THANKS TO<br />
GENARO GUTIERREZ AND HIS TEAM<br />
MSTC<br />
60+ Students TARGETING TWO COHORTS<br />
FOR CLASS OF 2013<br />
2010-2011 Annual Report I 14
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Michael Koetting (<strong>McCombs</strong> junior) Sid Upadhyay, and Gaurav Sanghani took top honors at<br />
StartupCamp3 Comms Edition for making the best pitch at ITEXPO in Miami for Hoot.me.<br />
Jason Skindell, Tricia Assar, Tiffany Hua, Bijal Mehta, and Will Benter won in a supply<br />
chain case competition designed and sponsored by Target in November.<br />
Rahil Jiwan, Jeff Shieh, Andrew Anderson, Muniza Abdul, and Karson Chang made up<br />
an undergraduate team that took second place against a field <strong>of</strong> MBA teams at the 2010-11 CFA<br />
Investment Research Challenge-<strong>Texas</strong> at Rice <strong>University</strong> on Feb. 19.<br />
Within a week <strong>of</strong> graduating from <strong>The</strong> <strong>University</strong> <strong>of</strong> <strong>Texas</strong> at Austin, Sam Acho, BBA ’10, won<br />
the William V. Campbell Trophy, <strong>of</strong>ten referred to as the “academic Heisman,” in a New York<br />
ceremony.<br />
A team <strong>of</strong> <strong>Texas</strong> MBA students including Neeraj Gupta, Jeffrey Bresslour, Jonathan Faloon,<br />
Alison Rubinson, and Paras Shah won the 2010 GE Experienced Commercial Leadership<br />
Program (ECLP) Case Competition Nov. 19 at the GE headquarters in Fairfield, Conn.<br />
<strong>The</strong> Tower glowed orange to honor the <strong>Texas</strong> MBA Energy Finance Group’s first place win in the<br />
sixth annual National Energy Finance Challenge (NEFC), hosted by the <strong>McCombs</strong> <strong>School</strong>. <strong>The</strong><br />
winning team members are Jordan Hobfoll, Ian Rainbolt, Nick Matovich, Homer Bhullar,<br />
and Vivek Ponnada, all in the full-time MBA Class <strong>of</strong> 2011.<br />
<strong>Texas</strong> MBA students Josh Stillman, Chris Wolf, Jacob Steubing, and Kevin White won the<br />
second annual Ross Energy Club’s Renewable Energy Case Challenge Jan. 27-28, at the <strong>University</strong><br />
<strong>of</strong> Michigan.<br />
Brett Newswanger, Michael Manthey, and Marco Restrepo won top prize at the Wake Forest<br />
<strong>University</strong> Biotechnology Conference and Case Competition, Feb. 18-19.<br />
MSTC students Ryan Miller and David Mortellaro were part <strong>of</strong> a team that won the Life<br />
Sciences track <strong>of</strong> the 2011 McGinnis Venture Competition at the Carnegie Mellon Tepper <strong>School</strong><br />
<strong>of</strong> <strong>Business</strong> March 10-12. <strong>The</strong> team also won the New Venture Championship competition hosted<br />
by the <strong>University</strong> <strong>of</strong> Oregon’s Lundquist Center for Entrepreneurship April 9.<br />
MSTC teams Vocal Media and ClearBrook Imaging competed in the <strong>Texas</strong> Venture Labs<br />
Investment Competition, placing first and second respectively, going on to compete in the<br />
Global competition.<br />
<strong>The</strong> tower will soon be lit orange for another national victory. <strong>McCombs</strong> just won the<br />
National Energy Finance Challenge for the second year in a row. Our team beat MIT, Purdue,<br />
Columbia and Yale.<br />
2010-2011 Annual Report I 15
“I came to <strong>McCombs</strong> because it is an incredibly<br />
diverse school that pushes students to discover<br />
their potential through the teachings <strong>of</strong> amazing<br />
and dedicated faculty.” Eddy Diaz, BBA student<br />
Positive Jobs Picture<br />
It’s been said you can’t wring your hands and roll up your sleeves at the same<br />
time. When the jobs picture looked the bleakest, both our students and our<br />
career services team got very focused and smart. <strong>The</strong> result is seen in vastly<br />
improved prospects for our students this year.<br />
Our career team has reacted swiftly to new recruiting paradigms, as fewer companies schedule oncampus<br />
visits and more just-in-time hiring opportunities pop up. Two new Polycom conferencing<br />
systems make it easier for recruiters to enjoy high-definition video face time with students without<br />
visiting campus.<br />
32%<br />
Upswing<br />
Stacey Rudnick, director <strong>of</strong> MBA Career Services, and Velma Arney, director <strong>of</strong> Undergraduate<br />
Career Services, report:<br />
MBA HIRING STATS<br />
• Average salary for the Class <strong>of</strong> 2011 was $101,559 (the first time over $100,000)<br />
• 91.7 percent <strong>of</strong> the Class <strong>of</strong> 2011 had <strong>of</strong>fers three months after graduation<br />
• High technology employs a quarter <strong>of</strong> the class; much on the West Coast, with 13 percent<br />
<strong>of</strong> the class taking jobs in that region<br />
2011 MBA JOBS BY MAJORS<br />
12% FINANCE: 36%<br />
22%<br />
29%<br />
36%<br />
MARKETING: 29%<br />
CONSULTANT: 22%<br />
GENERAL MANAGEMENT<br />
OR OPERATIONS: 12%<br />
Ryan Oliver, GE<br />
MBA CAREER EVENTS:<br />
• 28 percent increase in employers at the fall career fair with 63 companies and more than<br />
200 employers over last year; a 57 percent increase over two years ago·<br />
• 15 career treks to five cities this fall: Austin, Dallas, Houston, New York, San Francisco<br />
• Company participation in career events over last year:<br />
- Dallas +60 percent<br />
- Houston + 53 percent·<br />
2010-2011 Annual Report I 16
Kerri Holden, Four Seasons Hotels & Resorts<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
BBA HIRING STATS:<br />
• <strong>The</strong> average preliminary BBA salary is $54,330, a 2 percent increase from last year. Consulting had the<br />
highest average preliminary salary <strong>of</strong> $60,884, a 2.7 percent increase from last year.<br />
• <strong>The</strong> biggest sector for BBA employment is consulting with high technology a close second. <strong>The</strong> previous<br />
year, investment banking was the biggest sector and it is now third; energy is quickly catching up as a<br />
top recruiting sector.<br />
BBA CAREER EVENTS:<br />
• 156 companies and 1,000 BBA students attended the Fall Career Expo.<br />
• Over 300 companies participated in various Career Week programs, a 30 percent increase from last year.<br />
• To date, more than 800 rooms are booked for BBA interviews and the number continues to increase.<br />
• On November 4, over 100 BBA students will participate in treks to Houston, Dallas and Austin. <strong>The</strong>se<br />
are students involved in the BBA Career Services Programs: <strong>McCombs</strong> Diversity Council, BBA Women’s<br />
Council, and Target Your Future.<br />
MBA+ projects continue to forge student/employer<br />
opportunities. Interest in MBA+ projects from both companies<br />
and students remains strong, with nearly 30 additional projects<br />
<strong>of</strong>fered to student teams this year. <strong>The</strong> result is 74 MBA+ project<br />
teams working on a wide variety <strong>of</strong> consulting projects for<br />
organizations as diverse as 3M, Adobe, M.D. Anderson, and the<br />
Houston Rockets.<br />
<strong>McCombs</strong> is top <strong>of</strong> mind among MBA graduates worldwide.<br />
When the Financial Times asked MBA alumni from schools across<br />
the world to name three business schools from which they would<br />
recruit MBA grads if given the opportunity, <strong>McCombs</strong> was No. 21.<br />
We have been in the top 25 worldwide for five years running.<br />
“I came to <strong>McCombs</strong> because there were top research faculty in every<br />
area <strong>of</strong> my department. As I work on my dissertation, I’m looking<br />
forward to continuing the pr<strong>of</strong>essional relationships my pr<strong>of</strong>essors and<br />
I have formed.” Nick Crain, Ph.D. candidate in finance<br />
2010-2011 Annual Report I 17
Rankings: A Top-Tier View<br />
Whether you love them or hate them, business school rankings by national<br />
publications provide one viewpoint in time (actually, more <strong>of</strong> a slice <strong>of</strong> a<br />
viewpoint) that can be useful in measuring how your school compares to<br />
other programs. This year, the rankings view will make a Longhorn proud.<br />
Accounting programs continue reign as first in the country. <strong>McCombs</strong> made<br />
another clean sweep across all the major accounting rankings. <strong>The</strong> <strong>Texas</strong> accounting<br />
program took the No. 1 position in the U.S. News and World Report’s 2012 ranking <strong>of</strong><br />
undergraduate programs (for the sixth year in a row) and graduate programs (for the fifth<br />
year in a row). And we are No. 1 in all four <strong>of</strong> the Public Accounting Report’s rankings:<br />
undergraduate, graduate, doctoral teaching, and doctoral research. Placement rates for<br />
the MPA program are at 93 percent, with more than 100 different employers.<br />
Undergraduate majors rank second only to Wharton. Not only does <strong>McCombs</strong><br />
consistently fare well in individual undergraduate program rankings, it is also strong<br />
across the board. <strong>McCombs</strong> is top 10 in almost all the majors ranked in U.S. News and<br />
World Report, from accounting, marketing, and MIS, through finance, entrepreneurship,<br />
and production/operations. In the last three rankings, <strong>McCombs</strong> was second only to<br />
Wharton in the number <strong>of</strong> top-10 ranked majors.<br />
One <strong>of</strong> the top MBA programs in<br />
the country. In U.S. News and World<br />
Report (2011), <strong>McCombs</strong> currently<br />
ranks No. 17 in the nation; among public<br />
schools, <strong>McCombs</strong> has consistently<br />
been ranked in the top five for the past<br />
seven years. We’ve also been ranked<br />
in the public school top 10 for the past<br />
nine years according to Bloomberg<br />
<strong>Business</strong>week, and both <strong>The</strong> Economist<br />
and Financial Times have ranked<br />
<strong>McCombs</strong> among the top eight U.S.<br />
public schools for the last three years.<br />
GLOBAL RANK ON FINANCIAL TIMES<br />
“AIMS ACHIEVED” FOR MBAS<br />
2010-2011 Annual Report I 18
“This will be the year I connect our working pr<strong>of</strong>essional<br />
students with more <strong>of</strong> <strong>McCombs</strong> through academic, co-curricular<br />
and networking opportunities. It’s going to be a great year!”<br />
Trent Thurman, Director, <strong>Texas</strong> MBA for Working Pr<strong>of</strong>essionals<br />
VIEWPOINT, TEXAS I McCOMBS SCHOOL OF BUSINESS<br />
Second MBA among Hispanics in 2011. <strong>McCombs</strong> has ranked in the top four MBA<br />
programs in the country for Hispanics by Hispanic <strong>Business</strong> magazine for the last 12<br />
years; six <strong>of</strong> those years we ranked first or second.<br />
We’ve got one <strong>of</strong> the top working pr<strong>of</strong>essional graduate business programs.<br />
For the last two years, U.S. News and World Report has ranked the <strong>Texas</strong> Evening<br />
MBA program as the seventh-best program in the nation.<br />
Executive MBA consistently ranks high. <strong>McCombs</strong> has held a top-18 rank among<br />
EMBA programs for the past nine years by U.S. News and World Report; among public<br />
schools, we have been ranked in the top six for the past seven years. Financial Times<br />
has ranked <strong>McCombs</strong>’ EMBA among the top 19 U.S. schools (top seven U.S. public<br />
schools) for the last nine years.<br />
2011<br />
Energy<br />
Challenge<br />
Winners<br />
Vision Statement, <strong>The</strong> Commission <strong>of</strong> 125, September 30, 2004<br />
2010-2011 Annual Report I 19