University of Miami Business School

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University of Miami Patti and Allan Herbert Business School[1]
Miami business logo.jpg
MottoMagna est veritas (Latin)
Motto in English
Great is the truth
TypePrivate Business School
Established1929[2]
DeanJohn Quelch
Location, ,
United States
CampusUrban
Websitewww.bus.miami.edu

The University of Miami Patti and Allan Herbert Business School is an academic unit of the University of Miami, located in Coral Gables, Florida. It was founded in 1929. Miami Herbert Business School offers undergraduate business, full-time MBA, Executive MBA, MS, Ph.D. and non-degree executive education programs.[3] It is a fully accredited member of the Association to Advance Collegiate Schools of Business,[4] and is a member of the Graduate Management Admission Council.[5]

History

The University of Miami Patti and Allan Herbert Business School was founded in 1929. Classes were initially held in the unfinished Anastasia Hotel, near the 160 acres (0.65 km2) that would later become the University of Miami campus.[6]

In the 1940s, the school expanded its undergraduate offerings to include majors in accounting, commerce, finance, and political science. The school grew to almost 2,000 students. In 1948, its full-time MBA program began, and in 1957, it was accredited by the Association to Advance Collegiate Schools of Business (AACSB).

In 1973, the school established an executive MBA program. In 1979, the school added a health care specialization to its Executive MBA offerings with what is now the Executive MBA in Health Sector Management and Policy program.

From 1992-2007, Paul K. Sugrue served as Dean.[7]

In August 2007, Barbara E. Kahn became dean after serving as a professor and administrator at the Wharton School.[8]

From 2011 to 2016, Eugene Anderson served as dean, following service in upper administration at Michigan's Ross School of Business.

In 2017, UM President Julio Frenk appointed John Quelch, formerly of Harvard Business School, as dean and University Vice Provost of Executive Education. Before joining Miami Herbert Business School, Dean Quelch—a marketing and health management expert—served as dean of the London Business School and of the China Europe International Business School.[9]

On October 15, 2019 the University of Miami Patti and Allan Herbert Business School was named in honor of alumni Patti and Allan Herbert for their transformative $100 million in lifetime giving to the University. [10]

Undergraduate business education

The Undergraduate Business Education program leads to degrees of Bachelor of Business Administration (BBA) or Bachelor of Science in Business Administration (BSBA).[11]

Undergraduates at Miami Herbert Business School can choose from 14 different majors and minors in Accounting, Business Analytics, Business Technology, Economics, Entrepreneurship, Finance, Global Business, Health Management and Policy, Human Resources, International Finance and Marketing, Legal Studies, Management, Marketing, and Real Estate. They are also permitted to pursue additional majors and minors in other disciplines in the College of Arts & Sciences, the School of Education & Human Development, the School of Communication, the Frost School of Music, and the Rosenstiel School of Marine and Atmospheric Science. Undergraduates at Miami Herbert Business School may also construct an individualized major in General Business, allowing them to combine areas of business study in ways that satisfy their particular academic, career, or graduate school objectives.

Undergraduate business students at Miami Herbert Business School are encouraged to study abroad and can apply financial aid and scholarship to semester-abroad programs, including UM semesters on location in Buenos Aires, Argentina; Prague, Czech Republic; Rome, Italy; Galapagos Islands, Ecuador; Cape Town, South Africa; Shanghai, China; and Manipal, India, as well as exchange partner programs at over 35 institutions. Miami Herbert Business School faculty-led courses are offered each summer in Europe. Miami Herbert Business School offers a variety of undergraduate business core and elective courses in Spanish.

Global Business Scholars is a competitive-entry honors program for top admits interested in global careers, which carries benefits like funded travel, a series of seminar courses running through the four-year degree program, supervised research leading to a thesis, and international internships. Honors Foote Fellows at the Miami Herbert Business School pursue their curriculum without having to take general education coursework.

The Bermont/Carlin Scholars program is a competitive scholarship program for third year finance students that includes a trip to New York City to meet with executives in the investment banking industry.[12] Some students also qualify to travel to New York to learn about the industry and network with alumni. The Canes Behavioral Laboratory allows undergraduate marketing students to use behavioral research software to participate in marketing research.[13]

Graduate programs

MBA

The Executive MBA program allows students to work toward a degree over 23 months on a part-time basis. Students attend classes on the Coral Gables campus that are taught by the same faculty that teach the full-time MBA program. The Executive MBA program begins each January with Saturday courses. The average age of its students is 37, and students have an average of 11 years of work experience. The average class size is 30. The UM also offers an Executive MBA in Health Sector Management and Policy program and a joint Executive MBA/MS in Industrial Engineering program, taught on the main campus.[14] The school also teaches Executive MBA programs in Palm Beach, Florida and in Puerto Rico.[14] The school has established partnerships with seven leading business schools in Argentina, Brazil, China, Peru, and Spain.

Executive programs

  • Miami Global Executive MBA for the Americas
  • Executive MBA Program in Health Sector Management and Policy
  • The business school and the Leonard M. Miller School of Medicine offer a joint MD/MBA degree program to prepare future physicians for the business aspects of managing a medical practice, as well as prepare medical students for careers in health sector management, leadership and policy. Students must first be accepted into the MD program and then apply for admission to the joint program. Students in the joint program add a year of business courses in between the third and fourth years of the normal four-year MD program.[15]

Dual-degree programs

Under UM's joint JD/MBA program, students earn a JD and an MBA degree in 3-1/2 to 4 years. Students meet all the requirements of the JD and MBA programs, but receive as many as 12 credits by taking classes that count toward both degrees. Students seeking to graduate in 3.5 years typically enroll in the summer session of the law school.[16]

Rankings and statistics

Business school rankings
Worldwide MBA
Financial Times[17]83
U.S. MBA
Bloomberg Businessweek[18]58
U.S. News & World Report[19]57
U.S. undergraduate
Bloomberg Businessweek[20]31

BusinessWeek ranks Miami Herbert Business School at 31st in the list of "Best U.S. Undergraduate Business Programs" in 2016 and at 58th in the list of "Best Graduate Business Schools" in 2017.[21][22]

Notable alumni

See also

References

  1. ^ https://www.miamiherald.com/news/business/article236214613.html
  2. ^ http://www.bus.miami.edu/our-perspective/school-history-timeline.html "Miami Herbert Business School History"
  3. ^ "Welcome". Retrieved 2010-02-01.
  4. ^ https://datadirect.aacsb.edu/public/profiles/profile.cfm?interstitialComplete=1&runReport=1&unitid=54725&userType=All "AACSB Miami Herbert Business School Membership"
  5. ^ "Member Schools". Graduate Management Admission Council. Archived from the original on 2010-05-02. Retrieved 2010-02-04.
  6. ^ "History". University of Miami. Archived from the original on 2010-02-18. Retrieved 2009-11-13.
  7. ^ "University of Miami Business School Dean Paul K. Sugrue to Step Down". University of Miami. September 18, 2006. Archived from the original on 2006-09-20. Retrieved 2018-04-03.
  8. ^ "UM Appoints Barbara E. Kahn Dean of School of Business Administration". April 27, 2007. Archived from the original on 2008-07-08. Retrieved 2018-04-03.
  9. ^ "Quelch Appointed Dean of UM's School of Business Administration". University of Miami News and Events. 2017-06-02. Retrieved 3 April 2018.
  10. ^ https://news.miami.edu/stories/2019/10/miami-business-school-receives-a-new-name-to-honor-philanthropists.html
  11. ^ http://www.bus.miami.edu/academic-programs/undergraduate-business-education/business-curriculum/bba-and-bsba-degrees/index.html "BBA and BSBA Degrees"
  12. ^ Mayo, Chris (Nov 29, 2009). "UM students get a taste of Wall Street". Business Week. Retrieved 2010-02-02.
  13. ^ "University of Miami School of Business Opens New Research Lab". PRNewswire. 2008-03-10. Retrieved 2010-02-02.
  14. ^ a b "University of Miami Executive MBA Programs : University of Miam School of Business". Retrieved 2010-02-03.
  15. ^ "University of Miami MD/MBA Program : University of Miami School of Business". Retrieved 2010-02-03.
  16. ^ "JD / MBA : University of Miami School of Business". Retrieved 2010-02-03.
  17. ^ "Global MBA Ranking 2019". Financial Times. Retrieved September 25, 2019.
  18. ^ "Best B-Schools". Bloomberg Businessweek. November 8, 2018. Retrieved September 25, 2019.
  19. ^ "2019 Best Business Schools Rankings". U.S. News & World Report. Retrieved September 25, 2019.
  20. ^ "The Complete Ranking: Best Undergraduate Business Schools 2016". Bloomberg Businessweek. Retrieved September 25, 2019.
  21. ^ Levy, Francesca; from, Jonathan Rodkin. "These Are the Best Undergraduate Business Schools of 2016" – via www.bloomberg.com.
  22. ^ "Best Graduate Business Schools 2017", Bloomberg, 2017
  23. ^ "Lilly,", retrieved April 11, 2018
  24. ^ "Miami Alumni Association", retrieved April 11, 2018
  25. ^ "Micky Arison," Forbes, retrieved April 11, 2018
  26. ^ "Rap's Unlikely King," Newsweek, January 30, 2000, retrieved April 11, 2018
  27. ^ "John W. Creighton, Jr.", Bloomberg, retrieved April 11, 2018
  28. ^ "Pedro Fabregas," Bloomberg, retrieved April 11, 2018
  29. ^ "Former Bush speechwriter leading Tea Party to legitimacy, victory", Digital Journal, April 30, 2013, retrieved April 11, 2018
  30. ^ "Bullish on Merrill Lynch", The Washington Post, December 22, 2016, retrieved April 11, 2018
  31. ^ "Bernie Kosar", University of Miami Sports Hall of Fame, retrieved April 11, 2018
  32. ^ "Nations divided on recognizing Honduran president-elect", CNN, November 30, 2009, retrieved April 11, 2018
  33. ^ "Rohan Marley's passion for life was on display at Miami", 247Sports.com, September 9, 2016, retrieved April 11, 2018
  34. ^ "Rosenhaus: Here to Stay", ESPN, April 22, 1999, retrieved April 11, 2018
  35. ^ "Matthew Rubel", Bloomberg, retrieved April 11, 2018
  36. ^ "Martin Zweig, who forecast '87 market crash, dies at 70", The New York Times, February 21, 2013, retrieved April 11, 2018

Coordinates: 25°43′18″N 80°16′45″W / 25.721644°N 80.279267°W / 25.721644; -80.279267