The University of Texas at Austin McCombs School of Business recently announced its plans to build a new, $155 million Graduate Business Education Center slated to open in early 2017.
The University of Texas System Board of Regents approved the proposal, which also includes renovations to the existing College of Business Administration and Graduate School of Business buildings, both of which will be devoted to undergraduate education once the new building opens, according to an article in McCombs Today.
“In our current space, we can’t educate either graduate or undergraduate students the way we want to,” says Eric Hirst, McCombs associate dean, who adds that space constraints makes offering specialized electives a challenge. “Most importantly, we don’t have the ability to share fully the intellectual capital of the school.”
In many ways, the new building design will feel like a functional office environment, which allows space for teamwork and large-group meetings, as well as rooms for negotiations and client presentations.
The new building, which has not yet been designed, will incorporate state-of-the-art telecommunications capabilities to facilitate long-distance collaboration, perhaps even with Texas MBA students in the DFW, Houston, and Mexico City programs, McCombs Today reveals.
“We’ll be able to do the kind of things we need to do to run a modern, top-quality MBA program and remain competitive with other top programs for the best students,” Hirst says.