Scholarships and Fellowships
McCombs offers scholarships for both new and continuing students, as well as fellowships through several of our partners. Please learn more about these opportunities by navigating the tabs below. If you have any questions, feel free to contact us with any questions at FinancialAid@mccombs.utexas.edu
McCombs offers recruiting scholarships in the form of cash awards and out-of-state tuition waivers. All applicants are automatically considered for recruiting scholarships, as well as various smaller awards during the admission process; no additional paperwork needs to be submitted.
Scholarships are offered to students who have demonstrated a superior record of academic and professional accomplishment in their application materials. Cash awards range from $2,000 to $10,000 and consist of both one and two-year awards. In addition, these awards often provide out-of-state tuition waivers, which save the student an additional $16,000 per year. Recruiting scholarships are distributed almost exclusively on the basis of merit. First-round scholarship recipients are typically notified at the time of their admission, however, scholarships may be awarded anytime after that depending on availability.
During the first year, current students may apply for a number of scholarships and awards given by the McCombs School of Business through generous support of individual donors and its corporate supporters. More than $100,000 will be awarded through MBA Current Student Scholarships on the basis of merit (academic record during the first semester in the program) and need.
McCombs is a member of the Consortium for Graduate Study in Management. CGSM awards merit-based fellowships to African Americans, Hispanics, and Native Americans, as well as other persons who can demonstrate a commitment to The Consortium's mission and can best assist the Consortium in pursuing that mission. Each candidate admitted to a Consortium MBA program competes for a privately funded, full-tuition fellowship.
The Texas MBA program will accept your Consortium application for admission purposes and your application is automatically evaluated for the Consortium Fellowship. You do not have to submit separate application materials for the Texas MBA program in addition to submitting the Consortium application to the Consortium office. Once we receive, process and review your Consortium application for admission, you will be notified in writing of the admission and fellowship decision.
The Forté Fellows Program
was established to provide support for outstanding women who show potential for business leadership and enroll in a sponsor MBA program in partnership with the Forté Foundation. Each fall, McCombs awards select incoming MBA candidates with Forté Fellowship awards. Candidates exhibit exemplary leadership in one or more ways: academic leadership; team leadership; community leadership; or creative leadership, and demonstrate their commitment to the women's initiatives. Aside from the financial benefits, Forté Fellows receive additional leadership and networking opportunities within the Forté community.
Reaching Out LGBT MBA Fellowship
Reaching Out LGBT MBA Fellowships are for LGBT students and their active allies enrolling in business school. ROMBA scholarships will be awarded to applicants who show a commitment to increasing the number of LGBTQA business leaders and who encourage the advancement of an inclusive and diverse school and work environment. Each scholarship shall be $10,000 per academic year while the student is enrolled in his/her MBA Program.
Sylff Global Fellows Program
The goal of the Sylff Global Fellows Program
is to increase the global diversity of the Texas MBA education by attracting highly-qualified students from all over the globe to the Texas MBA program, while creating a cadre of Sylff Fellows in business administration who can link American and International perspectives. To date, the Texas MBA program has attracted 763 applicants from 56 different countries for the 2013-2014 academic year.
To be eligible to apply for the Syff Global Fellows program, the applicant must be a non-US Citizen or Permanent Resident. In some cases, US Citizens and Permanent Residents with extensive international experience may be considered. Students must also possess an interest in promoting international perspectives in business at the McCombs School of Business.
Teach For America Scholarship
Teach for America
provides intensive training, support and career development to help community leaders increase their impact and deepen their understanding of what it takes to provide an excellent education for our most under-served children. TFA recruits a diverse group with a record of achievement who work to expand educational opportunity, starting by teaching for two years in a low-income community. Second year corps members and alumni may apply for a graduate school merit-based scholarship totaling up to $30,000.
Texas Venture Labs Scholarship
Jon Brumley Texas Venture Labs is dedicated to advancing entrepreneurship, innovation, and commercialization. In service of this mission they have created the Texas Venture Labs Scholarship Competition, a unique program for entrepreneurial students interested in attending business school. The TVL Scholarship is a competitive scholarship awarded each February to two students to attend McCombs, providing $10,000 per year, as well as in state tuition for a total of $25,000 per year. Scholarship winners will also have the opportunity to gain post-graduate continued support from TVL for their company, as well as consideration for entry into the TVL Accelerator program and consideration for a position as a Venture Partner worth $50,000.
Tuition Assistance for Mexican Students
Tuition Assistance for Mexican Students (TAMS) is a waiver of non-resident tuition for a limited number of Mexican students who have demonstrated financial need. The application process is competitive. For more information, please refer to the International Student & Scholar Services financial aid website.
Good Neighbor Scholarship
The Good Neighbor Scholarship (GNS) provides one year of tuition to students who were born in and are residents of a nation in the Western Hemisphere (excluding Cuba and the U.S.). The scholarship is administered through International Student & Scholar Services on behalf of the Texas Higher Education Coordinating Board. For more information, please refer to the International Student & Scholar Services financial aid website.