Poets&Quants Top Business Schools

University of Miami Herbert Business School

#30

Contact our general manager with any questions. Profile updated: June 1, 2022.

Contact Information

Location:
5250 University Drive
Miami, FL 33146
Admissions Office:
305-284-4641

Tuition & Fees In-State: $277,750*

Tuition & Fees Out-of-State: $277,750*

Average Debt: 23,277

International: 11%

Minority: 30%

First generation college students: 8%

When do students declare their majors: Freshman Year

Acceptance Rate: 29%

Acceptance Rate Transfers: 14 (as of 2021)%

Average SAT: 1,379

Average ACT: 31

Average GPA: 3.65

National Merit Scholars: 1%

HS Class Top Ten: 32%**

*The total cost of the degree over four years for the most recent graduating class inclusive of school fees, room, board, or living expenses.

** HS Class Top Ten is the percent of the student population that graduated high school in the top ten percent of their class.

*** Please note that these statics are provided for the business school major only whenever possible. If a school does not track these statistics separately, then the university-wide statistics are provided.

The University of Miami Patti and Allan Herbert Business School’s mission is to develop transformative scholarship and principled leaders for business and society. Its vision is to cultivate a premier learning community that values inclusivity, innovation, and impact for sustainable prosperity.

Miami Herbert Business School has moved into its highest-ever finish in our annual rankings of undergraduate business rankings 2022. At No. 30, the B-school moved up six ranks from 2021’s No. 36, and overall moved up 18 spots in the past three years. Out of the three methodological categories, Miami Herbert finished highest in the Admissions category, coming in at 23rd place. 

For students entering this past fall 2022, they had to overcome a tough 19% acceptance rate — even more selective than last year’s 28.65%. The average SAT score was 1405, up from 2020’s average of 1329. 

Miami Herbert had a relatively lower internship rate for graduates, with just 47.07% of the the Class of 2021 reported having at least one business-specific internship before graduation as compared to last year’s 51.80% for the Class of 2020, which was lower than all but six schools that reported 2020 internship data.

The internship outcomes don’t appear to be affecting the B-school’s employment rates, which are at the sheer opposite end of the spectrum. Miami Herbert’s ranking improvement stemmed from some of the best job placement numbers on the board. The Class of 2021 reported that 98.96% of students secured full-time employment within six months of graduation, up slightly from the Class of 2020’s 95.67%, and a jump of more than 16% from the B-School’s Class of 2019. 

‘FRONT-LOADED’ CURRICULUM FEATURES NEW MAJORS AND MINORS

Miami boasts 15 specialization areas and 16 minors for business students along with 10 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. Additionally, a career course has been added to the second year of the curriculum to provide additional preparation for internship and employment.

Other recent innovations include a new Sustainable Business co-major, The Latina Project, and the integration of two tracks available to students specializing in Economics: Quantitative Economics and Political Economy.

According to our alumni survey, recent 2019 Miami Herbert graduates rated faculty member’s availability for informal discussions outside of class a strong 9.1. Additionally, 94% of 2019 Miami Herbert alumni reported having a “signature experience” through the business school. 

Overall, Miami Herbert is a solid option for students looking to earn a business degree in South Florida. Going to school in Miami, one of the most international cities in the U.S., is a culturally-rich experience, especially for students interested in international business. 

Alumni Say:

“I was involved in our Student Managed Investment Fund – it has been 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 Miami Herbert 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 executives and stakeholders in that special service at FPL. Our work was commended by FPL. I learned how important it is to clarify expectations, maintain a 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 one week to work and present our project.”

“I was a part of the Hyperion Council, a student consulting organization focused on helping entrepreneurs, high schools, and nonprofits in disadvantaged areas. This experience allowed me to work one on one with entrepreneurs and high school students and share the business knowledge I had learned throughout college. It was extremely impactful and special!”

“The Capstone project for a 400 level management course taken during the final semester of my senior year required me to combine knowledge and techniques learned from all of my previous courses and made me realize the importance of being a ‘well-rounded’ professional. We had to act as a consultant for a publicly-traded company and compile a report detailing innovative recommendations to grow the company’s business. I chose Netflix, and without getting into all the details, it was the first time I had been required to not only analyze the perspective financial ramifications of various scenarios (my major) but also consider the strategic alignment and operational impacts of said scenarios. In my current role, leading the financial team at a startup, I must do this every day.”

WHERE THE CLASS OF 2021 WENT TO WORK:

Citi – 10

Goldman Sachs- 4

Bank of America- 3

Deloitte- 3

Gartner- 3

BlackRock- 3

IBM- 3

KPMG- 3

JPMorgan- 3

KPMG – 3

Morgan Stanley – 3