10th Annual Alumni Business Conference--Dean Gilligan
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School Update Tom Gilligan Dean
Topics Program Performance
BBA/BHP
MPA
MBA
Other programs
MSFinance, MSIROM, MSTC
Executive Education
Business Foundations Program
Strategic Initiatives
Jon Brumley Texas Venture Labs
Energy Initiative
Health Care Initiative
Facilities Master Plan
Alumni Engagement
Faculty/Staff Highlights
BBA Admissions Fall 2014
Total applications: 6,503 (LY 6,271)
Students admitted: 1,651 (LY 1,629)
Students enrolled: 887 (LY 872)
Average SAT: 1345 (LY 1342)
Average High School Rank: 7% (LY 8%)
Female: 50.8% (LY 50.5%)
Valedictorians: 46 (LY 47)
Texas residents: 88% (LY 76.6%)
Out-of-state: 7% (LY 19.8%)
International: 5% (LY 3.6%)
BHP Admissions Fall 2014
Total applications: 1,255 (LY 1,255)
Students admitted: 244 (LY 237)
Students enrolled: 118 (LY117)
Average SAT: 1480 (LY 1482)
Average High School Rank: 2.1% (LY 2.2%)
Female: 47.5% (LY 46.8%)
Valedictorians: 46 (LY 31)
Texas residents: 86% (LY 87.8%)
Out-of-state: 10% (LY 9.7%)
International: 3% (LY 2.5%)
MPA Admissions (Traditional and I-MPA)
Fall 2014
Total applications: 784 (LY 857)
Admitted: 403 (LY 380)
Students enrolled: 316 (LY 291)
Yield: 78% (LY 77%)
Female/Male: 45% / 55%
GPA: 3.68
GMAT: 660 (T-MPA)
MBA Admissions
Fall 2014
Total applications: 2,179 (LY 1,951)
Students enrolled: 272 (LY 274)
Average GMAT: 691 (LY 690)
Female: 32% (LY 26%)
Texas residents: 36% (LY 37%)
International: 24% (LY 19%)
Other Programs Masters Programs 2014-15 Enrollment
MSFinance – 40 (LY 29)
MSIROM – 54 (LY 52)
MSTC – 68 (LY 79)
Executive Education
655 program days (LY 715)
Revenue $10,931,999 (LY $11,492,400)
Served ~7,000 people
Custom programs for ~50 organizations
Open enrollments programs for more than 300 organizations
Other Programs (cont.) Business Foundations
More than 6,100 students across UT’s campus
Online courses
UT Students
Currently offering 4 of 6 courses (enrollment: 133 – 4 courses; 3 are in phase 1 pilot)
Final 2 courses offered in Spring ‘15
Non UT Students
Targeting Spring ‘15 to offer 4 of 6 courses
Remaining 2 courses targeted for Summer ’15
Summer sessions
Teaches fundamentals of business to non-McCombs student
Program is 8 weeks, 15 credits, team taught by 15 McCombs faculty members to
integrate course content
Three cohorts, 2 STEM (Halliburton supported) and 1 Health Care (new 2014), running
concurrently with over 120 students
Expect to grow to 150+ students with additional healthcare cohort in 2015
Program runs at a financial surplus in support of the BBA Program Office
Undergraduate Career Success 100% complete professional internship or
practicum
Companies recruiting on campus: 875 (full-
time jobs accepted)
Companies posting on job boards: 2,900
Average base salary at graduation: $58,049
(LY $55,606)
Average signing bonus: $6,804 (LY $6,216)
MBA Career Success Students with job offers
At graduation: 85%
By 3 months out: 96%
Average base salary: $106,277 (LY $105,112)
Average signing bonus: $24,738 (LY $23,426)
Average pre-MBA salary of entering class:
$64,993
Average time to recoup education
investment: 3.8 years
2014-2015 UPDATE
What is Texas Venture Labs?
Texas Venture Labs
Texas Venture
Labs Practicum
(I & II)
New Venture Creation
(NVC)
Venture Labs
Investment Competition
TVL Scholarship
Program
Venture Partner Program
12
TVL Alumni on Shark Tank
13
"Would you do $1 million for a third?"
BeatBox Beverages lands $1M investment from Mark Cuban
Cumulative TVL Student Reach
14
MBA, 108
ENGR, 43
CNS, 27
LAW, 47
[CATEGORY
NAME], [VALUE]
Other, 2
236 Total Students
318 Student-Semesters
39% work at companies with <25 employees
Yes 63%
No 37%
Was TVL Discussed During Job Interviews?
0
5
10
15
20
25
30
35
40
45
StronglyDisagree
Disagree Neither Agreenor Disagree
Agree Strongly Agree
% o
f TV
L A
lum
ni S
tud
ents
TVL has been instrumental in my career success.
TVL influenced the type/size of companies I applied to.
0%
20%
40%
60%
80%
100%
Alumni Company Funding Rate By Industry
Cumulative TVL Entrepreneur Reach
15
102 Total Companies
> $234M Post-TVL Funding
39% Funding Rate
4 Companies Acquired
TVL Practicum - Spring 2014
38 Associates
8 Principals
5 Unique Schools Within UT
16
14 companies
3 University tech startups
TVL Practicum - Fall 2014
37 Associates
7 Principals
6 Unique Schools Within UT
17
14 companies 5 Software, 4 biomedical/life science
3 Social Entrepreneurship, 2 Technology
2013-2015 Update
supports research, teaching
and business – academic
collaborations in the areas of
entrepreneurship, innovation,
growth and renewal.
Research
Business Analytic Conference
– A forum for industry academic knowledge sharing
– 30 presentations on diverse topics related to social and
business analytics
– Over 150 attendees
Two University-wide PhD Fellowships for Research using
Innovative Methodologies
Student Engagement
Sponsor of: – MBA Pitch Party (October 2014)
• $1,000 Grand Prize by Herb Kelleher Center to Max Pike, MBA Class of 2015 – online brokerage system for container shipping buyers and sellers
– UT Student Organizations Retreat (May 2014)
• Entrepreneurial Roundtable’ to strengthen the connectivity among the numerous entrepreneurship and innovation student organizations on campus
– Women MBA Event (October, 2013 and April 2014)
• 20 women in CEO roles provide mentorship through the Women MBA organization
Entrepreneurship Community Engagement
HKC Speaker Series (ongoing) – Entrepreneurship Live! – since its launch in 2012 it has
brought to campus 42 serial entrepreneurs who have built two or more companies and have sold or taken public at least one. Presenters include Michael Dell (Dell Computers), Rod Canion (Compaq), Cotter Cunningham (RetailMeNot), Clayton Christopher (Sweet Leaf Tea).
– Money Talks! – dedicated speaker series to early stage funding with Venture Capitalist like Bill Wood – Silverton Partners, Alan Cline – Vista Equity Partners, Chris Pacitti – Austin Ventures, Joel Fontenot – Trailblazer Capital.
Raise Funding Panel – May 2013 – Michelle Skelding (Austin Chamber of Commerce), Rick
Timmins (Central Texas Angel Network), & Brett Hurt (Founder of Bazaarvoice) on funding opportunities
Alumni Engagement
The Frontiers of Innovation Speaker Series hosts distinguished authors on the topics of innovation and change, innovation ecosystems and industry dynamics, models for growth, sustained creativity and new sources of value creation.
Management Entrepreneurship Classes
Undergraduate Graduate
Entrepreneurship in the Social Environment (Passovoy – Spring)
Entrepreneurship & Incubation (Butler – Fall)
Management Practicum (Social Entrepreneurship Practicum) (Passovoy – Fall)
Texas Venture Labs (Adams – Fall/Spring)
Entrepreneurship & Innovation (Butler – Fall/Spring)
Texas Venture Labs Leadership Practicum (Adams – Fall/Spring)
Entrepreneurial Management (Courter – Summer/Fall)
Opportunity Identification & Analysis (Doggett – Fall)
Foundations of Entrepreneurship (Summer) Entrepreneurial Growth (Doggett – Fall/Spring)
Introduction to Entrepreneurship (Graebner – Spring)
New Venture Creation (Courter – Fall/Spring; Adams – Summer)
Entrepreneurship & Innovation (Houston & Dallas – Summer)
Entrepreneurship Research
Tricks of the Trade: Resource Acquisition in a Family-
Owned Technology Venture
The Origins of Strategy in Entrepreneurial Ventures
Dissertation: subject is the social dynamics of angel
investing groups
Dissertation: subject is how multi-sided platform
companies like Uber and HomeAway leverage their
“customer communities” as strategic resources
Energy Initiative Kay Bailey Hutchison Center for Energy, Law and
Business Inaugural symposium “Geopolitics of Energy” on February 20th
Part of first, UT Energy Week
8th Release of UT Energy Poll, March 2015
5th Annual Austin Electricity Conference, April 2015
Two Active MBA Energy Student Groups Energy Finance, CleanTech
100 Applicants for third year of UG Energy
Management Program
Healthcare Initiative 2015 spring symposium: Engaging Patients & Families to Transform
Care – April 9-10
Working with the local health care community to enhance the
student experience
Developing programs with UMC Brackenridge, Seton Healthcare Family, and
Central Health.
Involving local health care community
More than 150 people from local health care organizations and 32 people from
several State of Texas agencies in a variety of programmatic efforts
Working with the Dell Medical School to leverage mutual synergies
that will enhance the school’s teaching, research, and service
missions
Facilities Master Plan Phase 1
Robert B. Rowling Hall
Funds raised to date = $55.3 million (as of 3/5/15)
Milestones
Submit Design Development (35%) set – April 2014
BOR approval – May 2014
Early Construction (off site utilities) – June 2014
Submittal 75% Construction Documents – August 2014
Submittal 100% Construction Documents – November 2014
Construction – December 2014
Completion – Spring 2017
Facilities Master Plan Phase 2
Renovate CBA North and South to house
department faculty offices and undergraduate
program space
Jim and Miriam Mulva gift
Phase 3
Renovate GSB to house undergraduate
classrooms, team rooms and community spaces
Alumni Engagement Alumni Signature Events
Knowledge To Go (KTG) Webinars
Continue your active learning relationships with the
university through monthly one-hour webinars.
Career Webinars
Strengthen your competitive advantage in the workplace with
these monthly one-hour webinars.
Faculty Speaker Series
Discuss current business trends with faculty at your local
alumni chapter.
Economic Forecast Events
Hear exclusive economic conversations between McCombs
faculty and legendary corporate executives in Texas.
Alumni Weekend
Return to the Forty Acres to catch up with friends and learn
from faculty at this annual fall event in Austin.
Alumni Business Conference
Learn faculty perspectives on the hottest business topics at
this annual spring event in Austin.
Knowledge To Go (KTG) Webinars
Lew Spellman kicked off 2014 with his
topic on “Cyclical Forces Driving the
Economy, But Not the Stock Market”
Participation Trend – average 142 attendees
62% of alumni participation view the KTG recordings
Future Plans: featuring faculty research topics
Economic Forecast Events
Four sold out events held in Dallas,
Houston, San Antonio, and Austin
Special recognition to Daron Peschel,
BBA/MPA Alumni Advisory Board, for championing
these events at the Federal Reserve Banks
760 total McCombs/UT Alumni and guests
Economic Forecast Events cont. Notable CEO Executives/Speakers:
Dallas Houston
San Antonio Austin
Alumni Giving Rates
Highlights: Development and External Relations
Exceeded UT capital campaign expectations by more than $50 million Raised $276,798,870 – goal was $225 million
Set all-time record in philanthropic support in 2013-14 ($108,916,839)
Annual giving of more than $2.5 million in 2013-14 – first college/school to exceed $2 million
Impact Rowling Hall
Mulva Hall
Endowments
Scholarships
Faculty Highlights McCombs faculty rated 5th most productive in the world—
first among public schools 1. Wharton
2. Harvard
3. MIT
4. NYU
5. McCombs
Faculty Investment Initiative Provost driven - allocates new resources to hire established “stars” from good schools
McCombs targeting three main areas
Economics
Healthcare
Business Analytics
Staff Highlights: Media Services
Conversion of Media Lab to Active
Learning Classrooms
Thanks Deloitte!
Impact
Greater flexibility for teaching and learning
Increased ability to attract high caliber students
Laboratory for testing new pedagogy
School Leadership Senior Associate Dean
Jay Hartzell, former Chair of the Finance Department at McCombs
(thank you to Paul Newman)
Chairs Finance – Bob Parrino
Accounting – Robert Freeman
IROM – Steve Gilbert
Management – Jim Fredrickson (reappointed)
Marketing – Wayne Hoyer (reappointed)
Herb Kelleher Center for Entrepreneurship Violina Rindova
School Leadership
Hasta la vista!
Leaving effective August 31, 2015
Served as Dean for 7 years (2008-15)
Stanford University
Director of the Hoover Institution on War,
Revolution and Peace
Thanks so much!
Questions, comments, discussion?
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