Students attending the UT Austin McCombs School of Business have more reason to be optimistic about their job prospects despite the fact that unemployment numbers rose slightly here in Austin and nationally remained steady in January.
Business Week surveyed 27,317 students attending business schools across the country and found “only 38% of college seniors majoring in business reported having a job offer in hand. That compares with 46% in 2009 and 56% in 2008. Fifty-eight percent voiced concern about their job searches and 38% reported they are considering alternatives, such as graduate school or the Peace Corps.”
However, for the third year in a row UT Austin was named as one of the best in helping undergraduate business students land jobs. It is also the highest ranking public four year university. More than 84 percent of students in the McCombs School of Business program have internships and every student has landed a job. Students tout working with the same students all four years.
The University of Norte Dame ranked first. Texas Christian University ranked 30, Southern Methodist 31st, and Texas A&M 44th.
Bloomberg BusinessWeek used nine measures to rank these programs, including surveys of senior business majors and corporate recruiters, median starting salaries for graduates, and the number of alumni each program sends to top MBA programs. They also calculated an academic quality rating for each program by combining average SAT scores, student-faculty ratios, class size, the percentage of students with internships, and the number of hours students devote to classwork.