McCombs Climbs to Top Five for Graduate Entrepreneurship
The education services company The Princeton Review, in partnership with Entrepreneur magazine, named McCombs and its Herb Kelleher Center for Entrepreneurship no. 5 in the nation on its ranking of Top 25 Graduate Schools for Entrepreneurship Programs.
The top three spots, in order, went to Babson College, Michigan and Brigham Young University.
This is the second year in a row for McCombs to climb in this survey, up from no. 8 last year and from ninth place in 2010. Among public schools, McCombs is second only to Michigan.
Other Texas graduate schools that hit the list in the ranking’s tenth season include Rice University (no. 4) and the Acton MBA in Entrepreneurship (no. 18).
The Princeton Review surveys nearly 2,000 programs across the country. Criteria used in the ranking, first started in 2006, include: the level of commitment to entrepreneurship inside and outside the classroom, the percentage of faculty, students and alumni actively and successfully involved in entrepreneurial endeavors, the number of a school’s mentorship programs and its support of entrepreneurial studies and projects through scholarships and grants.
“We commend each of these schools not only for giving their students a first-rate classroom experience in business practices, but for their cross-disciplinary approaches to entrepreneurship education" said Robert Franek, The Princeton Review’s senior vice president of publishing and a nationally recognized expert on college admissions.
Laura Kilcrease, who recently joined McCombs' Herb Kelleher Center for Entrepreneurship as entrepreneur-in-residence, credits the school with “a culture of experiential learning that complements class structures. Students here interact in programs that use the latest real world ideas, technologies and concepts. This prepares them more quickly for what they may experience now and in the future.”
McCombs offers rich opportunities for graduate students interested in all things entrepreneurial. A few examples include:
- Venture Fellows, which helps MBAs get a leg up in the venture capital arena by offering internships with venture capital and private equity luminaries.
- Texas Venture Labs, a campus-wide initiative that helps link students to the entrepreneurial, business, technology and legal resources available on campus and provides mentoring, team-building, business plan validation and technology commercialization.
- The Venture Labs Investment Competition, which is held in Austin each May. Founded in 1984 as Moot Corp, it is the first and longest operating, inter-business-school, new-venture competition in the world.
- Austin Technology Incubator, which was the first university-based incubator in the country. Established in 1989, it has raised more than $725 million in capital and spawned 210 companies, including many new ventures created by Texas MBA students.
- Master of Science in Technology Commercialization (MSTC). Established in 1996, this one-year alternating weekend program is designed for aspiring entrepreneurs who want to identify new technologies with market potential, bring them to market, and create wealth in the process.