The McCombs Business School at the University of Texas at Austin consistently ranks among the leaders in the nation for both undergraduate and MBA programs, but the Business Honors Program (BHP) for highly qualified applicants can lead to jobs and salaries that rival those of the leading private university business schools.
And when we say “highly qualified” we mean enrolled students with an average ACT of 33, and SAT of 1477 (higher than the 1466 average for the Wharton School at Penn), and an average high school class standing in the top 2.27%.
The acceptance rate for the incoming class of 2015 was 17.6%, with total applications of 1,354.
The overall program size is approximately 500 students, with 120-130 enrolled students in each class year.
The McCombs School as a whole has ten business specialty programs ranked in the top 10, according to U.S News: Accounting (1), Marketing (3), Management Information Systems (4), Finance (5), Management (6), Real Estate (7), Entrepreneurship (8), Insurance (9), Production and Operations Management (9), and Quantitative Analysis (9). This means that students can change their minds about a business specialty and still receive equivalent classroom opportunities.
Another key factor is that BHP students can also jointly enroll in the nationally renowned Plan II honors program. Indeed, the Plan II-BHP combination is chosen by about one-third of BHP students.
If the qualifications of students and quality of specialty programs in the BHP are as high as most other business schools, so are the salaries earned upon graduation, with a mean salary of $65,879 for 2014 grads. And the placement rate for grads seeking full-time employment: 100% for the last four years.
Additional features include classes that are significantly smaller than regular undergrad business classes. BHP classes are capped at 40 students per section; many have 20-25 students enrolled. The case study approach used by many MBA programs is also used in a lot of the BHP classes.
According to the BHP, its 2015 graduates “went to work for the top banks, consulting firms, accounting firms, tech firms and others. They are now working for Credit Suisse, JP Morgan Chase, Bank of America, McKinsey, Bain, Accenture, Boston Consulting Group, E&Y, PwC, Deloitte, KPMG, Facebook, Amazon, Visa, Shell, Chevron, Southwest Airlines, Frito-Lay, Coca-Cola, 3M, General Electric, and the like.
“They are starting their own businesses and working for nonprofits in India. They are going to med school, law school, and graduate business schools. The BHP degree is a versatile degree and a great launching pad for many different industries and pursuits.”