3. Red McCombs School of Business
George W. Gau
David B. Jemison
Urton L. Anderson
Arthur T. Allert
The objective of the Red McCombs School of Business is to provide a well-rounded professional education. Such an education should provide the student with the opportunity to develop at least the following: an understanding of contemporary business culture; an appreciation of that culture's historical evolution and an awareness of the social and economic forces shaping its future; an ability to recognize and promote ethical and social values; an understanding of the major functional areas of business; an opportunity for specialization for a career in business; and preparation for advanced study.
Since the student of today is the leader of tomorrow, a well-rounded professional education must include a broad foundation in the liberal arts, investigation into the major functional areas of business activity, and the chance to develop proficiency in the use of analytical techniques, the ability to think through problems and arrive at logical solutions, and an appreciation of the organization's social responsibilities. Above all, a professional education should inspire the graduate to assume the kind of business and community leadership that will perpetuate the most desirable features of the modern business system.
The business curricula emphasize development of the ability to gather and use data, to reach sound business decisions, to communicate effectively, and to foster successful human relationships.
The School of Business Administration was created in 1922, the outgrowth of the work in business administration first offered in the College of Arts and Sciences in the fall of 1912. In 1945, the school was reorganized as a college; in 2000, the college was renamed in honor of university alumnus and benefactor Red McCombs. The degree of Bachelor of Business Administration was first offered in 1916-1917. The Bureau of Business Research, organized in 1926 as one of the Extramural Divisions of the University, became the research division of the school in September, 1945. In addition to the Bureau of Business Research, the school includes the Departments of Accounting, Finance, Management, Management Science and Information Systems, and Marketing Administration. Coursework in business may lead to the degrees of Bachelor of Business Administration, Master of Business Administration, Master in Professional Accounting, and Doctor of Philosophy.
The Red McCombs School of Business is housed in the George Kozmetsky Center for Business Education. This three-building complex includes modern classrooms and offices, lecture rooms with sophisticated multimedia equipment, and conference and study rooms, as well as lounges for informal student and teacher interaction. Computer and computer-access facilities are also available to students, faculty members, and staff members.
Students who are enrolled in the Red McCombs School of Business are eligible for scholarships and awards funded by industry, foundations, and individuals. Some of these awards are available school-wide, while others are restricted to students in one department. Since funds are limited, students selected to receive an award must demonstrate outstanding academic aptitude and a firm commitment to a business education.
Most scholarships for continuing students are reserved for students who have declared a business major. Generally, seventy to eighty school scholarships are awarded annually, in amounts of $500 to $2,000; some are renewable. Criteria for awarding scholarships vary to meet the wishes of the donors but often include financial need, academic performance, major area of study, and hometown. Descriptions of school scholarships and applications for them are available in the Undergraduate Programs Office during January and February of each year. The deadline for submission is March 1 for scholarships for the following academic year. Recipients are selected by the Undergraduate Student Affairs Committee of the school and are usually notified by the beginning of May.
Departmental scholarships are generally reserved for juniors and seniors majoring in a program of the department. Because departmental scholarships are normally funded by annual contributions, the number of scholarships and the amounts awarded vary among departments and over time. Criteria for departmental awards are specified by the donors and include the same kinds of characteristics as those established for school-wide awards; deadlines and other elements of the selection process also vary among departments. Interested students should contact the major department for further information.
The Undergraduate Programs Office provides administrative support and student services for the school. Student services include maintenance of student academic records, academic counseling by appointment and on a walk-in basis, development of official degree audits for students, and graduation certification.
In addition, academic advisers in the Undergraduate Programs Office are available to assist all students with questions about scholastic progress, degree requirements, rules and regulations, and other available campus services such as career or personal counseling. Faculty advisers are also available in each department to help students choose coursework appropriate to their career goals.
Although all students are encouraged to meet regularly with their assigned advisers, those who have been enrolled in the Red McCombs School of Business for at least one semester are permitted to self-advise and therefore to register on-line or by telephone without consulting an academic adviser. To be eligible to self-advise, the student must have a University grade point average of at least 2.00; to self-advise for registration for a long-session semester, he or she must register for a normal course load. Like all other students, those who self-advise are responsible for knowing the requirements of the degree program they have chosen, for enrolling in courses appropriate to that degree program, for meeting the prerequisites of the courses selected, and for taking courses in the proper sequence to ensure orderly and timely progress toward the degree.
The Ford Career Center offers job search assistance to business students and alumni. The purpose of the center is to help students determine their career goals, develop a plan for achieving these goals, and select and obtain employment commensurate with their goals, interests, and training. To help students prepare for their career search, the office presents workshops on resume writing, interviewing, conducting a job search, offer evaluation, and career interest areas. The office maintains a career resource library of company literature, videotapes, employment information, and general business publications for students' use. About fourteen thousand individual interviews for internships and full-time opportunities are arranged annually with employers in business, industry, government, and not-for-profit organizations. Several hundred firms conduct on-campus interviews at the school each year.
To assist employers, the office provides resume searches among graduating seniors for full-time positions and among participating juniors for internships; these are sent to organizations nationwide that request them. The office also coordinates about three hundred receptions and information sessions each year. Another resource for companies and students is AccessUT, a Web site at which companies may post internship and full-time employment positions.
Additional information about the Ford Career Center is published by the center.
As a complement to the assistance available from the school, the Career Exploration Center provides comprehensive career services to all students. The center offers professional assistance to students in choosing or changing their majors or careers, seeking an internship, and planning for the job search or for graduate study.
The University makes no promise to secure employment for each graduate, but rather provides the tools and resources to ensure that students have access to employment opportunities.
Student organizations play an important role in the educational experience offered by the school. Becoming involved in extracurricular organizations helps students gain experience in teamwork, time management, and other practical areas. This experience, when combined with the theoretical knowledge gained in the classroom, allows students to develop a well-rounded set of skills for use academically, professionally, and personally.
The Undergraduate Business Council (UBC) is the governing body for student activities in the school. It comprises representatives from each business student organization, an executive board, representatives elected by the student body, and members appointed by the executive board. The UBC acts as a representative of all undergraduate business students and sponsors such programs as Parents' Day and the VIP Lecture Series.
Business student organizations sponsor professional activities such as guest lectures, field trips, and faculty "fireside chats"; many offer social activities as well. Undergraduate business organizations are American Marketing Association, Asian Business Students Association, International Association of Students in Economics and Commerce (AIESEC), Alpha Kappa Psi (professional business fraternity for men and women), Beta Alpha Psi, Business Mentors Association, Business Students Abroad, CBA Today Newsgroup, Delta Sigma Pi, Engineering Route to Business Association, Freshman Business Association, Honors Business Association, Hispanic Business Students Association, Management Information Systems Association, MIS Connex, National Association of Black Accountants, National Student Business League, Net Impact, Phi Beta Chi (professional business fraternity for men and women), Phi Chi Theta (professional business fraternity for men and women), Students in Free Enterprise, University Accounting Association, Undergraduate Business Career Association, University Finance Association, Undergraduate Management Consulting Association, University Investor's Association, and University of Texas Management Association.
Admission and readmission of all students to the University is the responsibility of the University director of admissions. Information about admission to the University is given in General Information.
Each year there are more qualified applicants to the Red McCombs School of Business than can adequately be instructed by the faculty or accommodated within existing facilities. To provide students with the best educational experience possible, the school must limit undergraduate admission. Therefore, admission to the school is extremely competitive and admission requirements are more stringent than those of the University. As a result, a student may be admitted to the University but denied admission to the school. The student must be admitted to the school to pursue a degree program described in this chapter.
Admission to the school is granted for the fall semester only. Admitted students are expected to attend Orientation the summer before they enter the school.
To be considered for admission to the school, Texas-resident high school students must be granted regular admission to the University. However, because enrollment is limited by the availability of instructional resources, admission requirements for business degree programs are more restrictive than those of the University. High school rank and SAT I or American College Testing Program (ACT) scores are among the factors used in making admission decisions. Students may be placed in a deferred decision category until they submit additional information. A student who is admitted to the University but denied admission to the school may seek admission to another academic program at the University.
Because of enrollment restrictions dictated by the availability of faculty and facilities in the school and limitations on nonresident enrollment imposed by the Board of Regents, nonresident applicants are considered individually.
Students may apply for admission on-line through the Office of Admissions Web site. To be considered for admission to the Red McCombs School of Business, the student should specify business as his or her intended major. All application materials must be submitted to the Office of Admissions by the deadline to apply for admission to the University for the fall semester; this date is given in General Information.
Students enrolled in other degree programs at the University who wish to enter a degree program described in this chapter must submit an application for a change of major to the Undergraduate Programs Office by June 1 to be considered for admission in the following fall semester. The minimum requirements for consideration are
Admission is granted on a space-available basis and may not be possible if instructional resources are not compatible with enrollment demands. A student with a grade point average of less than 3.30 is unlikely to be admitted to the school.
A student seeking to transfer to the Red McCombs School of Business from another university should list business as his or her intended major on the admission application. Because students are not admitted to the school for the spring or summer, application materials must be submitted to the Office of Admissions by the appropriate deadline for the student to be considered for admission in the following fall semester. The minimum requirements for consideration are
Because of enrollment restrictions dictated by the availability of faculty and facilities in the school and limitations on nonresident enrollment imposed by the Board of Regents, an applicant may be denied admission to the McCombs School even though he or she meets University transfer requirements. Such an applicant may seek admission to another academic program at the University. A student with a grade point average of less than 3.30 is unlikely to be admitted to the McCombs School.
The student is admitted to the McCombs School as an unspecified major. The student may claim a specific business major when he or she has completed thirty semester hours of coursework, including Business Administration 101, Economics 304K and 304L, Mathematics 408K or 408C, and Mathematics 408L and 408D; has completed or enrolled in Business Administration 102 and 324; has registered with the Ford Career Center; and has fulfilled the foreign language requirement for the BBA degree. All students are required to claim a major before completing seventy-five semester hours. To claim a major, the student should file a Request to Declare a Major form in the Undergraduate Programs Office. A student seeking admission to the Professional Program in Accounting, the Business Honors Program, or the management information systems major must complete a separate application.
Students who were admitted to the University with deficiencies in high school units must remove them by the means prescribed in General Information. Credit used to remove a deficiency may not be counted toward the degree. It may be earned on the pass/fail basis. Students may not claim a major until high school unit deficiencies have been removed.
Each student must provide evidence that he or she has fulfilled the foreign language proficiency requirement for the Bachelor of Business Administration degree. Students may not claim a major until the foreign language proficiency requirement has been met.
A former student who was most recently enrolled in the Red McCombs School of Business and who is readmitted to the University reenters the major in which he or she was last enrolled. However, a former business student who has earned a BBA degree at the University is readmitted with the classification "degree holder but nondegree seeker."
A former student who was most recently classified as a prebusiness student or an unspecified business student will be readmitted to the unspecified business classification. The student may then apply for admission to a business major according to the procedures given in the section "Students in Other Divisions of the University."
General Information gives information about registration, adding and dropping courses, transfer from one division of the University to another, and auditing a course. The Course Schedule, published before registration each semester and summer session, includes registration instructions, advising locations, and the times, places, and instructors of classes. The Course Schedule and General Information are sold at campus-area bookstores. They are also published on the World Wide Web and are accessible through the registrar's Web site, http://www.utexas.edu/student/registrar/.
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19 August 2002. Registrar's Web Team
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