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Miami Business School, ranked #8 for its full-time MBA program by The Economist in 2021 is the b-school of the University of Miami. It offers undergraduate, graduate, and doctoral programs along with some specialized master programs and executive education. With an acceptance rate of 36%, the b-school is one of the most selective institutions to study in the USA. Currently providing quality education to more than 3,000 students, the school aims to produce global leaders who are academically stable and have strong ethical compliance.
- The B-school follows a semester-based calendar and takes in students every fall and spring.
- To take admission at Miami Business School candidates need to apply via its online portal along with paying an application fee of USD 48.
- MBA admissions are held on a rolling basis.
- An IELTS score of 6.5 and 7.0 is accepted for UG and PG respectively.
- The tuition fee of the MBA program is around USD 50,400
- The cost of living in the USA for MBS students is about USD 79,456
- The average salary offered to MBA graduates is USD 86,000 annually.
Also Check`:Top Ranking Colleges/Universities in the USA 2021
Rankings
- #151-200 for Business & Management by QS, 2022
- #33 for Masters in Business Analytics by QS, 2022
- #60 in Best Business School by US News, 2022
- #8 for Full Time MBA by The Economist, 2021
- #36 in the US and #1 in Florida for Undergrads ranking by Poets and Quants, 2021
Highlights
| Location | Coral Gables, Florida |
| Campus Setting | Urban |
| Acceptance Rate | 36% |
| Application Portal | Common Application Online Application |
| Application Fee | Varies from course to course |
| Student-to-faculty ratio | 12 to 1 |
| Test Scores Accepted | TOEFL, IELTS, GRE, GMAT, SAT, ACT |
Miami Business School Campus and Accommodations
Miami Business School campus is located in Coral Gables, Florida, which is regarded as an international business Hub. The student body represents all the US states and more than 90 countries in the world, and the faculties come from around 40 nations, making the campus a unique centre for global diversity. The campus has all the needed amenities essential for the students during their course of study. But does not provide on-campus housing facilities to the MBA students.
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It has many unique features like Shalala students centre exclusively meant for community learning and Lowe Art Museum.
- The school building houses facilities like a 300-seater auditorium, executive education centre, MBA lounge, and advanced computer lab.
- The campus holds more than a dozen clubs and organizations which encourage the students to develop their leadership qualities.
- Students are assisted by the department of residential halls to find out proper off-campus housing facilities in the USA.
- it is generally preferred by students to stay in rented private apartments around the campus.
Miami Business School Programs
The Business school offers undergraduate degrees in 14 majors, 13 different types of graduate programs, specialized masters programs in 10 majors, and doctoral courses in 8 different fields of business. Programs of the Miami Business School are ranked by top agencies like US News, QS, Poets & Quants and Economists.
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The undergraduate degrees offered are as BBA and BSBA majors, while the graduate degrees include MBA and specialized master programs.
- Some of the popular undergraduate majors include Business Analytics, Accounting, Entrepreneurship, Finance, HR, Marketing, Health Management, among others.
- The specialized master program is a special graduate-level program offered by the institute which can be completed in less than one year and gives complete coverage on one particular major like Master in Accounting, Business Analytics, Finance, etc.
- Along with a regular full-time MBA, the Business School also offers an Accelerated MBA, which can be completed in a very short span, and Executive MBA, which is exclusively meant to produce global leaders.
- The institute also offers executive certification programs in 6 majors including Business Administration, Family Business, among others.
Find Out- Eligibility for Masters in the USA
Miami Business School Admission Process
International students seeking admissions at the Miami Business School can apply online along with paying an application fee. For international students, it is very important to submit the necessary documents. Failure to do so will lead to the rejection of the application. It is also compulsory for international candidates to show their proficiency in English by sharing the required test score. Follow the below-mentioned admission details to get more insight:
- Application Portal: BusinessCAS
- Application Fee: USD 48
- Number of UG students: 2,330, Number of graduate students: 900
- Supporting Documents:
- Personal Statement
- Resume
- LORs
- Official Transcripts
- Official GMAT Score
- Official TOEFL / IELTS Score
Also Check: Application Deadlines for Top Universities in the USA
English Proficiency Tests Scores for International Students
Students from non-native English speaking countries or whose medium of instruction is not English need to prove their proficiency in English. The tests appeared should be within two years. Below are the details of the exams accepted by the b-school:
Note: College-specific admission are only taken for MBA courses, admission for undergraduate courses is directly taken by the centralized admission process of the University of Miami.
Miami Business School Cost of Attendance
The cost of attendance includes the tuition fee, accommodation, travel, food, health insurance and other miscellaneous expenses. International students are advised to arrange funds ahead of time to avoid delays in the admission process. As per the full-time MBA courses at Miami Business School the below table is prepared.
| Expenses | Yearly Costs (in USD) |
|---|---|
| Tuition Fees | 50,400 |
| Other fees | 1,108 |
| Books | 1,854 |
| Room and food | 15,122 |
| Health Insurance | 3,556 |
| Personal Expenses | 1,716 |
| Transportation | 3,500 |
| Enrollment fee | 2,200 |
| Total Yearly Expenses | 79,456 |
Miami Business School Financial Aids
Applying for financial aid to study in the US can be overwhelming due to their extensive application filing process. There are a limited number of private loan programs for eligible international students to borrow money for their education.
- The international students need to submit a statement of financial responsibility via form I-20, along with bank statements and sponsor’s details (if any), declaring that they are capable of managing the expenses themselves.
- However, the students can apply for many merit-based scholarships for international students through various private websites, though they are limited in number.
- The international student's financial aid website is one such site recommended by the Miami School of Business.
- One of the scholarships available on the website is:
| Scholarship | Application Deadline | Eligibility | Benefit (USD) |
|---|---|---|---|
| MPOWER Global Citizen | April 15 | Pursuing Full-time courses in the USA | 5,000 |
Here’s a brief list of research scholarship opportunities from private organizations both within the U.S. and India.
- American University Emerging global leader Scholarship
- United World Colleges International Youth Scholarships
- Civil Society Leadership Award
- The Indian Trust Fellowship
- Stanford Reliance Dhirubhai Fellowships for Indian Students
- Fulbright-Nehru Research Fellowship
- Inlaks Scholarship
Miami Business School Alumni
The college has over 45,000 alumni spread in over 130 countries worldwide. The global UM Alumni Association establishes 'Canes Communities to reach out to alumni, family, and friends to maintain the relationship. The Association provides alumni with activities, tools, and contacts to help them manage their career success. Whether graduates are looking for a job, considering a career move, looking for new ideas and talent for their company, or willing to provide networking assistance, UMAA's career website has a variety of information.
The Miami Business School alumni enjoy the following benefits:
- They get to participate in a homecoming reunion.
- They get subscriptions to business Miami magazine and UM Merchandise.
- They get an opportunity to connect with networks and mentor young students.
Some of the notable alumni include
- Raul Alvarez (Former President, McDonald’s),
- Gerald Cahill, Jr. (Former President and CEO, Carnival Cruise Line),
- Jack Creighton (Former CEO, United Airlines),
- Joseph J. Echevarria, Jr. (Former CEO, Deloitte LLP)
Miami Business School Placements
The b-school holds on-campus placement drives in two cycles, one in September to December, and the other in January to May. The institute conducts many events every year, where the recruiters can connect with the students and recruit them directly for jobs in the USA and worldwide.
- According to university facts, 84% of the graduates get placed within 3 months of completing their studies.
- The average salary offered to MBA graduates is USD 86,000.
- Top industries that recruit Miami Business School graduates include the Finance sector, real estate sector and healthcare sector and the responsibilities offered include general management, accounting and healthcare.
| Professions | Average Salary (in USD) |
|---|---|
| Legal | 130,000 |
| IT | 107,000 |
| Finance | 90,000 |
| Executive Management | 89,000 |
| Marketing | 85,000 |
Find- Jobs after MBA in the USA
This institute was started in 1929 as the School of business and was accredited by AACSB in 1957. Located in Coral Gables, Florida, the USA since its formation the b-school has been renamed many a time. In 2019, it was given its current name to honour Patti and Allan Herbert. It works on the mission of developing innovative ideas and principled leaders who can transform the global business and impact society. The MBA programmes provide a variety of choices that emphasise the MBS's worldwide focus. Global Learning Opportunities in Business Education, which take graduate students to China, Brazil, and other places, and the Global Business Consulting program allows students to travel overseas and work on actual projects for top international companies.
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Miami Business School Reviews
1 Reviews Found
The Miami Herbert Business School is distinguished by a select group of Areas of Excellence areas in which we draw on unique local assets to develop outstanding programs of research and teaching. My GPA was around 8.5, and I was required to submit an online application form, which was worth $70.
Fees:
My tuition and fees expenses were around $50,000. The Miami Herbert Business School awards Graduate Business Fellowships to high achieving students who have displayed excellence in areas of academic and test performance in addition to their professional achievements.
Miami Business School Scholarships
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Lady Meherbai D Tata Education Trust Scholarships | Scholarship per student₹ 6.9 L/Yr$8,365 | Level Of StudyMaster | TypeMerit-Based | |
| The Kay-Grant Group Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Robert S. McNamara Fellowship Program | Scholarship per student₹ 20.7 L/Yr$25,000 | Level Of StudyDoctorate | TypeMerit-Based | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 16.6 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| National Overseas Scholarship | Scholarship per student₹ 12.8 L/Yr$15,400 | Level Of StudyDoctorate | TypeNeed-Based | |
| FormSwift Scholarship Program | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeCompany-Sponsored |
Attendance Cost
The table shows average yearly cost of attendance for international students. Amount may vary with the course opted, nature of accommodation, and personal spending habits of a candidate.Check Program wise Fees
Miami Business School Campus Location
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