School of Business Administration

University of Miami, School of Business Administration History

University of Miami, founded in 1926, is a private, coeducational institution. The 260-acre campus is located in a suburban area 8 miles southwest of Miami. Total undergraduate and graduate enrollment is 15,674.

The School of Business Administration was founded in 1948 and is located on the main campus, in its own building, The George W. Jenkins Building. Courses also are offered in the Bahamas, Tampa, Orlando, and Palm Beach county. The basic educational approach is a mix of the theoretical and case methods.

University of Miami, School of Business Administration Academics

The School of Business Administration offers the Master of Business Administration (MBA), Master of Science in Taxation (MST), Master of Professional Accounting (MPAcc), Master of Science in Computer Information Systems (MSCIS), Master of Science in Management Science (MSMS), Master of Arts in Economics (MAE), and Master of Public Administration (MPA) as well as a doctoral program in economics and a joint degree in law (JD/MBA). The strongest areas of study are international business, management, finance, management science, and marketing.

Forty-eight total credits are required to complete the MBA, including 18 elective credits. Required courses include:

• Financial Reporting and Analysis
• Business Policy and Strategy
• Essentials of Economics
• Accounting for Decision Making
• Statistics for Managerial Decision Making
• Managing Through People
• Valuation and Financial Decision Making
• Management Science Models for Decision Making
• Foundations of Marketing Management
• The Financial Environment
• Principles of Operations Management
• Foundations of Management Information Systems
• Legal and Ethical Implications of Business Decision Making
• Corporate Strategy and Organization
• Strategic Marketing

The minimum time permitted to complete the master’s degree program attending full time is 1 year; maximum, 6 years.

There are 142 total full-time graduate business faculty, of whom 81% hold a doctorate. Faculty salaries are rated average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 4; average business class size is 28.

University of Miami, School of Business Administration Unique Programs

Library

The Judi Prokop Newman Information Resource Center houses a collection of more than 2.5 million volumes, 3.8 million microform items, and 23,200 special business collections, and subscribes to 44,118 periodicals. Students have access to databases and networks in the fields of business and allied subject areas. Other opportunities for research consist of the university’s main library, a law library, a marine library, and 3 branch libraries (architecture, business, and music). The university subscribes to more than 400 on-line databases.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of a local area network with 75 workstations open daily and providing word processing, spreadsheet, and database applications as well as wireless Internet access.

Career and Job Placement

In spring 2006, 62 companies recruited on campus. Seventy-four percent were national corporations. Majors most in demand were finance, marketing, and management. Average starting salary of the graduating class was $64,561; range was $32,000 to $145,000. The percentage of graduates finding jobs were:

• national corporations 61%
• local small enterprises 17%
• regional corporations 9%
• local large enterprises 6%
• self-employment 4%

Placement services are extensive, and all those available to students are available to alumni, including special alumni programs. Placement is available through Ziff Graduate Career Services Center and the university placement office. Eighty-one percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. International students must score 550 on the Paper-Based TOEFL (PBT) or 59 on the Internet-Based (iBT) version. They also must submit a translation of their transcripts, proof of health consisting of measles, rubella, and tuberculosis vaccinations, and proof of adequate funds to cover the academic year plus the summer. There are special fees of $1600 for international student health insurance. Financial aid is available for these students and consists of graduate assistantships, fellowships, and scholarships. Check with the school for current application deadlines.

Calendar

The school operates on a traditional semester basis. Semesters are 14 weeks long. Graduate programs are offered only full-time.

University of Miami, School of Business Administration Admissions

A bachelor’s degree is required. The formula for using the GPA and GMAT scores is (200 x GPA) + GMAT. Most important admissions factors are academic accomplishments and ability, GMAT results, and grades in upper-level courses. A strong mathematics background is not required.

The number of applicants for the 2006-2007 class was 390; 258 were accepted; 112 enrolled. The average GPA was 3.18; average GMAT score was 600. Transfers are not accepted.

Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $50, 1 letter of recommendation, and a resume. The application deadline is rolling for fall entry. Students are notified of the admissions decision after all admission materials are received. Once accepted, students may defer admission for up to 1 year from the initial term of admission.

University of Miami, School of Business Administration Financial Aid

About 45% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $30,007 annually; maximum $55,820. The FAFSA is required. The application deadlines are March 1 for fall entry; November 1, spring.

Tuition for all students is $1280 per credit, or $30,720 per year. Books and supplies cost approximately $1080; personal expenses, $3060; and other fees, $220, for an estimated annual total of $35,080. Graduate student housing is not available. There is a referral service to help procure off-campus housing.

University of Miami, School of Business Administration Students

All of the current graduate business school class are enrolled full time; 71% have had an average of 2 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from Florida (42%). Thirty-two percent are women, 38% are minorities, and 31% are foreign nationals. The average age at entrance is 25; ages range from 21 to 35. Sixteen percent enter directly from undergraduate school; 3% already have a graduate degree. Students’ undergraduate majors were as follows: 64%, business and 10%, engineering. About 2% of entering students leave by the end of the first year due to academic or personal reasons. In 2006, 111 graduate business degrees were awarded.