Think about it this way - every business school is going to have a consulting club, a marketing club, and a finance club. But every club can only have one president and a few other officers; this is a huge benefit in McCombs' favor.
Although club leadership is not likely to sway a recruiter's opinion of you, having the chance to take leadership in an interest area can be a huge help for career switchers. Additionally, officers often have the opportunity to build professional networks through setting up club events, speaker series, and conferences.
Our clubs at McCombs range from the industry/professional clubs like the aforementioned to affinity clubs like Hispanic Graduate Business Association to purely "networking" clubs like the MBA Golf Club. Students have the opportunities to join as many clubs as they like, but most find it difficult to take on leadership in more than two clubs.
For a listing of the organizations on campus as well as more details about each of them, see http://new.mccombs.utexas.edu/MBA/Full-Time/Student-Life/Student-Organizations.aspx
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