There is a difference between an MBA and a masters in finance. You should do the research to see which one suits your career goals better. Which one you decide on is based in part on where you want your career to go. As I said, for an MBA, undergraduate degree doesn’t really matter. The top tier b-schools want diverse candidates that come from a range of backgrounds who are a good fit for their school. The interview/application process all helps determine that. Finance/accounting is different due to the knowledge set required for those advanced degrees. MBA’s are based on theories where a masters in finance/accounting are based on facts.
UT looks for at least 2 years work experience. More experience is even better. They want to see you advancing in a corporation with increasing responsibilities.
Pre-Enrollment Requirements - Texas MBA - McCombs School of Business - The University of Texas at Austin
Wharton wants 5-6 years experience for their MBA.
Wharton MBA
Now, nothing says you can’t get an MBA right after completing your undergrad. Most tier 2/3 schools will accept anyone, but the highly competitive schools with great job placement all require the experience. There are things you can only learn on the job in the corporate world. These ideas and skills are all built upon in a great MBA program.
There is lots of great info available on the web about different MBA programs and the admissions process. Do some googling and you will find a wealth of information.
I agree McCombs provides better opportunities. A lot of that also depends on where you want to work. Houston companies recruit heavily at A&M while Austin/DFW based companies recruit at UT. If you want to work in Houston, I’d say A&M has an edge. As you said, UT has a large Asian population which may make you more comfortable. They also have Din Ho Chinese BBQ which College Station can’t touch. Lol If you do end up going to Austin, stop in and order some muc rang muoi for me.