Admission to the McCombs School at both the undergraduate and graduate level is highly competitive. In Fall 2013, out of the 7,495 freshman applicants, only 1,628 were admitted to the undergraduate program.Unlike most colleges & schools at The University of Texas at Austin and the university itself, McCombs does not accept spring or summer applications. Prospective students must apply for admission only during the fall semester. Both undergraduate and postgraduate applicants have similar admissions requirements. Applicants are evaluated based on multiple letters of recommendation, essays, transcripts, and a resume. MBA applicants however are encouraged to have at least two years of full-time work experience and are required to take the Graduate Management Admission Test (GMAT).