The University of Miami Herbert Business School has moved into its highest-ever finish in our annual rankings of undergraduate business schools. At No. 36, Miami Herbert has moved up 12 spots in the past three years, including a nine-spot jump between last year and this year. However, there is still a lot of room for improvement as Miami Herbert finished 74th overall in the Academic Experience methodological category.
Miami Herbert’s finish was buoyed this year by 23rd-place finish in the Admissions Standards category. For students entering this past fall (2020), they had to overcome a tough 34.09% acceptance rate. The average SAT score was 1329 and average ACT was 30. The average high school GPA for this year’s class was 3.5.
Miami Herbert’s improvement also stemmed from some solid job placement numbers. In a year that saw many schools have early employment rates drop, Miami Herbert actually saw a significant increase between the Classes of 2019 and 2020. Graduates of 2020 reported a full-time employment rate of 95.67% within three months of graduation, a jump of more than 12% compared to the 2019 class. However, Miami Herbert still has one of the lowest internship rates for graduates. Just 51.80% of the Class of 2020 reported having at least one business-specific internship before graduation, which was lower than all but six schools that reported 2020 internship data.
‘FRONT-LOADED’ CURRICULUM FEATURES NEW MAJORS AND MINORS
Miami boasts 14 majors and 12 minors for business students along with nine minors for non-business students. The school calls its curriculum “front-loaded” and features a case-study-heavy new course called FIRST Step. Students are put into teams and paired with an experienced student mentor.
Other recent innovations the school reports having made include a new Transfer Career Coaching Class and a Dean’s Scholar Program, which allows students to complete the undergraduate degree as well as a specialized master’s degree in areas like business analytics, finance, sustainability, and international business within five years. The school has also recently created majors in organizational leadership and global business as well as minors in Fintech (financial technology) and sustainable business.
GRADUATES REPORT HAVING ENGAGED AND SUPPORTIVE FACULTY
According to our alumni survey, recent Miami Herbert graduates were a bit harsher on their experience than alumni from other schools. The 2018 graduates responding to our survey gave their overall average experience at Herbert a rating of 8.095, which was 70th out of 84 schools that surveyed their alumni and met the minimum response rate.
However, the prompt that received the highest score — a 9.2 — from alumni was the availability of professors outside of the classroom. So, while alumni comparatively rated their experience lower, they were very satisfied with the availability of faculty members at Miami Herbert. Alumni of Miami Herbert gave the lowest score to the business school’s alumni network and its ability to help throughout a career.
Just 31.11% of Miami Herbert alumni reported having a “signature experience” through the business school, which was very low compared to other schools, ranking 89th out of the 93 ranked schools this year. As for having a meaningful international experience, the numbers dropped even more to 8.89%, which was the second-lowest, only beating out the University of Akron.
MAJORITY OF RECENT GRADUATES TOOK JOBS IN SOUTH AND NORTHEAST
Alumni were, however, fairly satisfied with their early job prospects. About 78% reported having their first job after graduation in a desired industry. And about 71% reported those first jobs being at a desired company. Not surprisingly, about three-quarters of the Class of 2020 took positions either in the U.S. South or Northeast, with the majority of the class (52%) staying in the South.
Overall, Miami is a solid option for students looking to earn a business degree in southern Florida. While the overall international experience was low among alumni, going to school in Miami in itself is a culturally-rich experience, especially with students interested in Latin America.
“I was involved in our Student Managed Investment Fund – it has absolutely critical to my career so far. Starting as an analyst, becoming a sector head, and eventually becoming a Co Chief Investment Officer has been a big part of my career trajectory and I will never be able to pay back the University for that experience.”
“The capstone business analytics project with Florida Power and Light gave me the opportunity to collaborate with a team of students to combine our data analysis skills and business acumen to provide insights and suggestions about a special service the company was providing to its customers. At the end of the 8 month project we drove up to FPL’s Jupiter headquarters to present our work to some of executives who were stakeholders in that special service at FPL. Our work was commended by FPL. I learned how important it is to clarify expectations, maintain constant dialogue with stakeholders throughout a project, and how to combine one’s soft skills with problem solving skills effectively for client satisfaction.”
“I was part of the social consulting club and we worked on a project about fundraising for a non-profit school in Peru, and ultimately visited Peru and the school for 1 week to work and present our project.”
WHERE THE CLASS OF 2020 WENT TO WORK:
Citi – 7
Bank of America – 6
Deloitte – 4
Northwestern Mutual – 4
UBS – 4
AIG – 3
JPMorgan – 3
KPMG – 3
Restaurant Brands International (RBI) – 3
RSM US LLP – 3
TD Bank – 3