UT Austin McCombs MBA Fees 2026–27: Tuition, Aid & ROI Guide

Introduction

Understanding UT Austin McCombs MBA fees is essential before committing to this career-focused business degree in one of America’s fastest-growing commercial hubs. The Full-Time MBA is a two-year, in-person programme delivered by the McCombs School of Business at The University of Texas at Austin, with classes held at Rowling Hall and a flexible curriculum offering more than 20 concentrations.

For international students, first-year tuition and fees are approximately ₹58.38 lakh ($61,214), while the official first-year cost of attendance is around ₹81.91 lakh ($85,889). Based on the current annual rate, estimated two-year tuition is about ₹1.17 crore ($122,428), and the Class of 2025 reported an average base salary of ₹1.47 crore ($154,053). This guide explains McCombs MBA tuition, living costs, additional expenses, scholarships, funding options for Indian applicants and expected return on investment.

What Are the McCombs MBA Fees for 2026–27?

The UT Austin McCombs MBA fees for 2026–27 depend on the student’s residency status and enrolled credit hours. International applicants, including students from India, are generally charged the non-Texas resident rate. For the Full-Time MBA Class of 2027, the estimated tuition and mandatory fees are ₹58.38 lakh ($61,214) per year, taking the estimated two-year programme cost to ₹1.17 crore ($122,428).

Tuition is only one part of the total MBA budget. After adding accommodation, food, transportation, books and personal expenses, the official first-year cost of attendance for a non-Texas resident is approximately ₹81.91 lakh ($85,889). International health insurance, visa expenses, flights, technology, professional clothing and certain student charges may increase the final amount.

For a detailed description of fees, please refer to Cost of Attendance.

INR conversions use an indicative exchange rate of ₹95.37 per US dollar. Tuition and living costs may change, and actual bank or remittance rates may vary.

How Much Do Living Expenses at McCombs Cost?

Living in Los Angeles is a major part of the total UCLA Anderson MBA budget. For the 2026–27 academic year, UCLA Anderson estimates food and housing expenses at ₹32.01 lakh ($33,562). After adding transportation, books, course materials and personal expenses, students should budget approximately ₹42.39 lakh ($44,444) for annual living and study-related costs, excluding MBA programme fees and health insurance.

Actual spending can vary depending on whether students choose university housing, share private accommodation, use public transport or maintain a higher-cost lifestyle. Indian applicants should also keep a separate budget for flights, visa costs, forex charges and initial settlement expenses.

UCLA Anderson Living Cost Breakdown

Housing and food form the largest part of the UCLA Anderson living expenses. The official budget covers the period from summer 2026 to spring 2027 and provides a useful planning estimate, although individual costs may be higher or lower depending on accommodation, commuting and personal choices.

Additional expenses that you can include in your cost of attendance, especially if you require financial aid, are:

After reading all these, if you feel like knowing your personal MBA fees and expenses, the school provides a cost and tuition calculator that you can use. 

For a detailed description of fees, please refer to Cost and Tuition fees.

Which scholarships can reduce McCombs MBA fees?

McCombs School of Business offers various scholarships to full-time MBA students, ranging from awards based on financial needs to academic achievement and extracurricular activities. The cost of attendance determined by the Office of Scholarships and Financial Aid (OSFA) states that each student applying for financial aid will be offered the same budget regardless of their residency.

McCombs Merit-Based and Full-Tuition Scholarships

Texas McCombs considers every Full-Time MBA applicant, including Indian and other international candidates, for merit-based scholarships. Recruiting awards are offered as cash grants or non-resident tuition waivers and range from ₹1.91 lakh ($2,000) to full tuition, helping eligible students reduce their overall McCombs MBA fees.

Exceptional candidates who apply in Round 1 may also be invited to apply for the Hildebrand Scholars Program, which offers full tuition coverage and specialised leadership development. Students can also apply for continuing scholarships during the first year for financial support in the second year, with decisions based on merit and financial need.

Here are some of the scholarship Opportunities at McCombs:

1. Recruiting Scholarships

• Cash awards and out-of-state tuition waivers range from $2,000 to full-tuition awards.

2. SYLFF Global Fellows

• Selected annually to promote diverse global perspectives.
• Receives an SYLFF scholarship in addition to fellow benefits.

3. Partnership Fellowships

• McCombs partners with Forté Foundation, Reaching Out MBA (ROMBA), and Teach for America.
• Selected MBA candidates receive a McCombs scholarship and benefits from these organizations.

4. Automatic Consideration

• All admitted international MBA students are automatically considered for scholarships.
• Scholarships are offered at the same rate as domestic students.

External Scholarships: 

Many private organizations offer scholarships to graduate students based on different criteria. Sources for external scholarships and resources to search for external scholarships include:

1. Joseph F. Barthmaier, Jr. Memorial Scholarship:

• This scholarship requires candidates with great ambition, good character, and a reason for financial need.
• There is no separate application process.

2. Robert Austin Hatcher Endowed Scholarship:

• This scholarship is awarded based on a student's financial aid application.
• No separate application is required.

3. Albert and Anice Vanderlee Endowed Scholarship:

• Candidates should highlight their academic achievement and explain the need for financial aid.
• There is no separate application process.

If you are aiming for a scholarship, you can apply through the Office of Scholarships and Financial Aid’s new scholarship management system, Longhorn Awards and Student Scholarship Opportunities (LASSO).

Loans and Grants for McCombs MBA Fees

McCombs MBA students have access to various loan and grant options to help finance their education. Federal student loans, such as Direct Unsubsidized Loans, are available to U.S. citizens and permanent residents. These loans do not require demonstration of financial need, and the school determines the maximum amount a student can borrow based on their cost of attendance and other financial aid received.

Additionally, private student loans from banks and other lenders can be obtained, though international students may need a U.S. citizen or permanent resident co-signer to qualify for more favorable terms. McCombs also encourages students to explore external scholarships and grant opportunities from private organizations, which do not need to be repaid.

McCombs School Virtual Tour 

What Are McCombs MBA Fees for Indian Applicants?

Indian applicants are charged the international or non-Texas resident rate for the Full-Time MBA. The McCombs MBA fees for Indian applicants are approximately ₹58.38 lakh ($61,214) for the first year, while the official first-year cost of attendance is about ₹81.91 lakh ($85,889). This estimated budget includes tuition, housing, food, transportation, books and personal expenses.

The estimated two-year tuition and programme cost is ₹1.17 crore ($122,428). However, Indian applicants should prepare a slightly higher budget because international-student fees, health insurance, visa costs, flights, foreign-exchange charges and initial settlement expenses may not be fully included in the official cost of attendance.

• Tuition and programme fees: Indian students should budget approximately ₹58.38 lakh ($61,214) per year or ₹1.17 crore ($122,428) for two years.
• Living expenses: The first-year budget includes around ₹16.55 lakh ($17,355) for accommodation and food, although actual spending depends on housing and lifestyle choices.
• Admission deposit: Admitted students must pay a non-refundable deposit of ₹1.91 lakh ($2,000) to confirm their seat. This amount is credited towards first-semester programme costs.
• MBA student fee: Students must also pay a separate non-refundable fee of ₹1.43 lakh ($1,500) before enrolment.
• Additional international costs: Indian applicants should keep separate funds for health insurance, visa processing, SEVIS charges, flights, technology, professional clothing and initial accommodation deposits.
• Scholarships: All Full-Time MBA applicants, including international candidates, are automatically considered for merit-based scholarships ranging from ₹1.91 lakh ($2,000) to full tuition.
• Education loans: Indian applicants can explore secured or unsecured education loans, but should compare interest rates, collateral requirements, forex mark-ups, repayment periods and loan-disbursement timelines.
• Forex planning: Since tuition is paid in US dollars, students should maintain an additional buffer for exchange-rate fluctuations and bank transfer charges.

What Is the ROI of McCombs MBA Fees?

The return on McCombs MBA fees depends on the student’s total education cost, scholarship support, previous income, education-loan interest and post-MBA salary. International students face estimated two-year tuition of ₹1.17 crore ($122,428), excluding living expenses and additional international costs. However, the programme’s salary growth, employer access and long-term alumni network can help graduates recover this investment over time.

The McCombs Full-Time MBA Class of 2025 reported an average base salary of ₹1.47 crore ($154,053) and an average signing bonus of ₹32.69 lakh ($34,279). International graduates reported an average base salary of approximately ₹1.49 crore ($156,343), although individual outcomes vary by industry, role, location and prior experience. These figures should be used as career benchmarks rather than guaranteed earnings.

McCombs MBA Salary and Employment Outcomes

The latest employment data provides a practical way to evaluate the potential ROI of the programme:

• Average base salary: Graduates earned an average base salary of ₹1.47 crore ($154,053).
• International graduate salary: International students reported an average base salary of approximately ₹1.49 crore ($156,343).
• Average signing bonus: Graduates receiving signing bonuses reported an average of ₹32.69 lakh ($34,279).
• Salary growth: International students recorded an average pre-to-post-MBA salary increase of 198%, while US citizens and permanent residents reported a 68% increase.
• Employment outcomes: Around 80.2% of job-seeking graduates received an offer within six months, while 78.2% accepted a position.
• Leading industries: Consulting employed 28% of graduates, followed by technology at 22% and financial services at 19%.
• Internship conversion: About 56% of graduates secured their full-time role through a summer internship conversion.

The McCombs MBA may provide a strong financial return for graduates who secure well-paid roles, receive scholarships and manage borrowing carefully. Indian applicants should calculate ROI using expected take-home income, loan repayments, living costs and realistic employment scenarios rather than comparing tuition directly with the average salary.

Can Students Work Part Time During the McCombs MBA?

Yes, students can work part-time during the McCombs MBA, but international applicants must follow their US visa conditions. F-1 students may generally work in eligible on-campus roles for up to 20 hours per week during the fall and spring semesters. Full-time on-campus work may be allowed during official university breaks for continuing students.

Part-time employment can help students manage groceries, transport and other daily expenses, but it is unlikely to cover the full cost of McCombs MBA tuition or living expenses. Students must also balance employment with the programme’s demanding coursework, recruiting activities, networking events and team projects.

On-Campus Employment at UT Austin

International students can explore eligible jobs across the UT Austin campus, including administrative support, library assistance, student services and other university-paid positions.

• F-1 students may work for up to 20 hours per week while classes are in session.
• Full-time on-campus work may be permitted during official vacation periods.
• Students must hold a valid UT Austin Form I-20.
• International students are not eligible for the US federal work-study programme.
• Not every job advertised through a university platform automatically qualifies as on-campus employment.

Students should confirm a position’s eligibility with Texas Global before accepting it.

Teaching and Research Assistantships

McCombs MBA students may apply for teaching or research assistantships, although these positions are limited and highly competitive. The school states that securing an assistantship can be particularly difficult during the first semester.

MBA students cannot hold teaching or research assistantships for more than 15 hours per week. They must also manage the programme’s mandatory academic workload, and receiving an assistantship does not automatically make an international student eligible for lower Texas-resident tuition.

Paid Internships Through CPT

International students may complete paid internships related to their MBA studies through Curricular Practical Training, commonly known as CPT. This option is particularly relevant for the summer internship between the first and second years of the McCombs MBA.

To qualify, an F-1 student must generally:

• Maintain valid F-1 status and good academic standing.
• Have a confirmed internship or employment offer.
• Ensure that the role is directly related to the MBA programme.
• Complete two consecutive long semesters before the proposed employment begins.
• Obtain CPT authorisation before starting work.

Students must not begin an off-campus internship until the required authorisation has been approved and added to their Form I-20.

Pre-Completion OPT Employment

Eligible students may also apply for pre-completion optional practical training for work related to their field of study. Part-time pre-completion OPT normally allows up to 20 hours of work per week during academic semesters, but applicants must generally have completed two consecutive long semesters at UT Austin.

Because OPT authorisation can take several months and may reduce the amount of post-completion OPT available after graduation, students should discuss this option with Texas Global before applying.

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• McCombs MBA Salary: Sector, Location and Opportunity
• McCombs MBA Essays: Specialized Tip and How to Create Essays
• McCombs MBA Interview Questions 2025
• Is Mccombs MBA Worth It?

Conclusion

The UT Austin McCombs MBA fees represent a significant investment, but the programme’s strong career outcomes, merit-based scholarships, Austin location and access to leading employers can make it a valuable choice for suitable applicants. Indian students should plan beyond tuition by including living expenses, health insurance, visa costs, flights, forex charges and loan repayments in their total budget. Comparing scholarship opportunities, funding options and realistic post-MBA career goals will help applicants decide whether the McCombs MBA offers the right financial and professional return.