University of Miami Business School
|Motto||Magna est veritas (Latin)|
Motto in English
|Great is the truth|
|Type||Private Business School|
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. It is a fully accredited member of the Association to Advance Collegiate Schools of Business, and is a member of the Graduate Management Admission Council.
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.
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.
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.
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. 
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).
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. 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.
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. The school also teaches Executive MBA programs in Palm Beach, Florida and in Puerto Rico. The school has established partnerships with seven leading business schools in Argentina, Brazil, China, Peru, and Spain.
- 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.
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.
Rankings and statistics
|Business school rankings|
|U.S. News & World Report||57|
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.
- Ralph Alvarez, president and COO of McDonald's
- Mercedes Aráoz, Vice President and former Finance Minister of Peru
- Micky Arison, CEO of Carnival Corporation and owner of the Miami Heat (attended but did not graduate)
- Lyor Cohen, vice chairman of Warner Music Group and CEO of Recorded Music, Americas and the U.K.
- John W. Creighton Jr., president and CEO of Weyerhaeuser
- Juan Carlos Escotet, Spanish-Venezuelan billionaire banker and the founder of Banesco.
- Pedro Fabregas, vice president of American Airlines, president & CEO of Envoy Air and former president and CEO of Executive Airlines
- Michael Johns, health care executive and former White House speechwriter
- David Komansky, former CEO of Merrill Lynch
- Bernie Kosar, former NFL quarterback, Cleveland Browns, Dallas Cowboys and Miami Dolphins
- Porfirio Lobo Sosa, President of Honduras
- Rohan Marley, owner of Tuff Gong clothing line and son of late reggae musician Bob Marley
- Drew Rosenhaus, professional sports agent
- Matthew Rubel, chairman, CEO and president of Payless ShoeSource
- Martin Zweig, investment advisor and author of Winning on Wall Street
- List of business schools in the United States
- List of United States business school rankings
- List of Atlantic Coast Conference business schools
- List of University of Miami alumni
- http://www.bus.miami.edu/our-perspective/school-history-timeline.html "Miami Herbert Business School History"
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