From the School

The University of Miami MBA Program is ranked among the best MBA programs by The Wall Street Journal and The Financial Times. Our Business School is one of 549 schools in North America that is fully accredited by AACSB International -The Association to Advance Collegiate Schools of Business, and it is also accredited by CAHME -The Commission on Accreditation of Healthcare Management Education.

Overview

Applicants
443
Acceptance Rate
40%
Average Undergrad GPA
3.21
Years Work Experience
3.3
Average Age
26

Test Scores

GMAT
580 - 660
GPA
2.94 - 3.53

Deadlines

Early Application Deadline
October 1

Regular Application Deadline
January 15

Rolling Admission Deadline
June 1

Round 1
November 15

Round 2
January 15

Round 3
March 15

Other Admission Factors

Academic

GMAT Score
Undergraduate GPA
Non-Academic

Interviews
Work Experience

Overall

From the School

At the School of Business Administration, the curriculum provides a decidedly flexible framework for learning. A variety of teaching methods are utilized: lecture, discussion, case method, and team projects. Classes are small in order to encourage exchange of ideas between teacher and student, and among students.

Students Say

The University of Miami offers cultural diversity and a “strong connection to [the] Latin American business environment” as well as highly regarded “programs in leadership and international studies.” “If you want to end up doing business in Lat Am, this is the school to go to.” Students who arrive here uncertain of their career objectives can take comfort in the unusually broad range of options open to them. In addition to the expected full-time and executive MBA options, UM also offers an Executive MBA in health sector management and policy, an MD/MBA, and even a unique Spanish-language-only Global Executive MBA.

Each term gives students an intense six weeks of studies. Life is “very fast paced, especially with the four term scheduling, but this keeps the content fresh and the students interested.” Weeklong breaks between terms provide “relief” from the “rigorous” schedule in which students can recharge and gear up for the next session.

Students esteem the school for its “high caliber students” and “exquisite professors,” many of whom “come from [the] private sector and work as consultants to high profile companies.” The “professors are always ready to help you,” and the experience and expertise they have in regards to today’s hottest, most relevant topics enables them to give students “only the best academic experience at UM.” There are also “opportunities for students to work with faculty outside of [the] classroom on interesting research projects.”

Motivated students and professors are backed by a committed administration that “is very well run and does a great job [of] listening to students and aiming to exceed their expectations.” Other strengths mentioned by students include the school’s location in Miami which provides “local business opportunities in a growing market,” the “many computer labs available,” the “international student body,” “the variety of things to do” at UM, and the “strong alumni connection.” “There is a strong focus on encouraging students to not only find careers within [an] organization, but to find their entrepreneurial spirit and start something on their own, or better yet with their classmates. The environment fosters great partnerships given all the teamwork exercises we do.”

Although finding jobs after graduation in Latin America may not be a problem, students suggested that expanding career placement services to other parts of the world could stand improvement. “The career center also needs to focus on finding jobs for the international students.”


Faculty Information

Student/Faculty
5:1
Total Faculty
94

90
Full-time
46
Minority
26
Female
10
Part-time

Specialities of faculty

Academic specialties of faculty
URL

Health Sector Management and Policy




Six Sigma Training

Management Science

International Business



Computer Information Systems

Sustainability

Courses in Sustainability
No

Sustainability course is

Description

Research Opportunities in Sustainability
No

Description

School's environmental commitment 1:
The School of Business recycles all white paper and the university recently made it easier for faculty, staff, students, and visitors to part with their bottles and cans when they’re out and about, converting half of the campus’s 160 garbage bins into recycling containers. The concrete recycle bins and trash cans are now paired up, with recycle bins designated by a blue ring on the top.

School's environmental commitment 2:
The School of Business has replaced all light bulbs and ballasts in its entire complex, using smaller electronic ballast fluorescent lighting fixtures that emit just as much light as larger bulbs but use far less energy. On/off occupancy sensors were also installed in the buildings.

School's environmental commitment 3:
The School’s MBA students have the opportunity to participate in competitions related to the environment. The School partners with the South Florida chapter of the Project Management Institute (PMI) for one such competition. In one case, MBA students had to develop a project management plan for a recycling initiative in the fictional South Florida community of Coral Green. The entries had to include plans for project scope, process improvement and management of scheduling, costs, quality, staffing, communication, risk and procurement.

Career overview

Career Rating
86
Average Starting Salary
$65,322

Finding Jobs & Internships

Source Of Full-Time Job Acceptances
53%
Graduate Facilitated
41%
School Facilitiated
6%
Unknown

Source Of Internship Acceptances
53%
Graduate Facilitated
41%
School Facilitiated
6%
Unknown

Graduates Employed by Area of Practice

53%
Finance/Accounting
21%
Marketing
14%
Other
9%
Consulting
3%
Human Resources

Graduates Employed by Region

62%
South
15%
Northeast
11%
International
6%
Mid-Atlantic
3%
Midwest
3%
West

Job Function

Job Function % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Finance / Accounting 53% $65,000 $69,747 $32,000 $100,000
Marketing / Sales 21% $40,000 $38,107 $20,573 $55,000
Other 14% $47,000 $65,524 $15,683 $180,435
Consulting 9% $70,000 $88,333 $55,000 $140,000
Human Resources 3% $65,000 $65,000 $65,000 $65,000

Industries

Industries % of Grads Seeking Employment Who Accept
Jobs w/in 3 Months
Median Salary Mean Salary Low Base Salary High Base Salary
Financial Services 32% $65,000 $75,291 $55,200 $100,000
Consumer Products 9% $40,000 $39,987 $24,960 $55,000
Pharmaceutical / Biotechnology / Healthcare 9% $47,000 $44,667 $32,000 $55,000
Real Estate 9% $106,218 $106,218 $32,000 $180,435
Consulting 6% $102,500 $102,500 $65,000 $140,000
Technology 5% $70,000 $70,000 $70,000 $70,000
Manufacturing 3% $65,000 $65,000 $65,000 $65,000
Media / Entertainment 3% $50,000 $50,000 $50,000 $50,000

Prominent Alumni

Joseph Echevarria
CEO, Deloitte LLP

Raul Alvarez
Former President and COO, McDonald's Corporation

Gerald Cahill
President and CEO, Carnival Cruise Lines

David H. Komansky
Chairman Emeritas, Merrill Lynch & Co.e Brands Inc.

Pedro Fabregas
President and CEO, American Eagle Airlines

Overview

From The School

Graduate tuition for the 2007-2008 academic year is $1,350 per credit hour. A limited number of graduate assistantships, offered to outstanding applicants in the fall semester only, usually include both a tuition scholarship and a monthly stipend. The Graduate Assistantship can cover up to 75% of the tuition cost. Graduate students are eligible to apply for student loans and work-study assistance through the University's Office of Financial Assistance Services.

Dates

Application Deadlines
Mar 1

Financial Aid Statistics

Average Aid Package
$26,144

Average Scholarship / Grant Aid Package
$20,200

Students Receiving Some Form Of Aid
67%

All Students Receiving Scholarships / Grants
51%

New Students Receiving Some Form Of Aid
76%

New Students Receiving Scholarships / Grants
56%

New Students Receiving Loans
46%

Tuition Full-Time (per year)

Tuition (In-State)
$41,520
Tuition (Out-State)
$41,520
Fees (In-State)
$912
Fees (Out-State)
$912

Expenses per Academic Year

Estimated Room And Board On-Campus
$13,223
Estimated Room And Board Off-Campus
$13,223
Academic Expenses
$510

Student Body Profile

Total Enrollment
191
Out of State
25%

In State
100%
Foreign Countries Represented
118

Demographics

28.00%
Minorities
32.00%
International

32% female
68% male

Campus Life

From The School

The University of Miami values its multicultural community and student organizations. The Graduate Business Student Association is the foremost business organization for MBA students. In addition, a variety of student organizations are available within the University of Miami community such as; the Council of International Students and Organizations, Colombian Student Association, Hispanic Heritage Month Association, Latin American Student Association, Latino Greek Council, United Dominicans Association, and Federación de Estudiantes Cubanos to name a few.
The School of Business Administration’s $24 million award winning complex, built for the exclusive use of graduate business students, provides the most advanced technology and sophisticated academic environment. This facility is complete with computer access at every seat, and a virtual library, a computer lab exclusive to MBA students and hi-tech classrooms with executive seating. The Ziff Graduate Career Services Center is exclusively dedicated to helping graduate business students find employment opportunities, obtain internships, and prepare to compete for top job positions.

Students Say

The University of Miami is attractive to MBA students for many reasons, including its prime location. Attending school in Miami “almost guarantees that family and friends (many you haven’t heard from in years) will visit often.” Altogether, the “12 months of warm weather,” pleasant beaches, and the “great city” of Miami offer lots to do year round. The school’s surroundings are an extension of the active life that students enjoy on campus. “Often classes and activities begin early in the morning and continue in social, networking events at night. The local community is intertwined into the UM experience.” The “extremely friendly and close-knit” students often socialize together during the weekends, which “usually consist of fun time[s] at [the] beach or bars but always with classmates and people met through school.”

The student body is both “ethnically and professionally” diverse. Although students may seem young, they are “very mature for their ages.” Learning is a full-time experience with “great discussions [occurring] on breezeways, dining areas, and in and outside of classrooms.” The atmosphere provides “great social circles” that can occur anywhere and help “build camaraderie outside of the classroom.” There are “fun social events” both on and around campus, such as” “great food and leisure activities” and “daily activities…from gym and happy hours to projects and study groups.”


More Information

% of Classrooms with Internet Access
100%

Campus-wide Internet Network
Yes

Internet Access for All Students
Yes

Admissions Office Contact

Contact
Aurora Goicochea
Assistant Director, Recruiting and Admissions

Address
PO Box 248505
Coral Gables, FL 33124-6524

Phone
305-284-2510

Email
mba@miami.edu
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Key Stats

443
Applicants
191
Size
40%
Acceptance Rate

Rankings & Lists