Key takeaways
– The University of Miami Patti and Allan Herbert Business School (commonly “Miami Herbert Business School”) is the business school of the University of Miami in Coral Gables, Florida.
– Founded in 1929, it was renamed in 2019 after major gifts from alumni Patti and Allan Herbert.
– The school offers undergraduate and graduate programs (including a widely recognized MBA), emphasizes international experience, and has strong placement in financial services, real estate, and health care.
– The school enrolls roughly 3,200 students (about 900 graduate students), with an alumni network of over 45,000. (Source: Investopedia / Miami Herbert “Fast Facts.”)
Overview and history
– Founded: 1929 as the University of Miami School of Business Administration.
– Current name: Patti and Allan Herbert Business School (renamed in 2019 in recognition of major alumni gifts).
– Location: Coral Gables, Florida (University of Miami campus).
– Mission and focus: Provide broad business education with an emphasis on global experience, interdisciplinary study, and career placement in key industries (finance, real estate, health care).
Academic programs and areas of study
– Undergraduate: Offers 14 majors including accounting, economics, finance, marketing, and real estate. Students frequently combine business majors with non-business disciplines in arts and sciences.
– Graduate: MBA (full-time and other formats), specialized master’s programs and executive education. The full-time MBA is regularly ranked among the top 100 worldwide by outlets such as Bloomberg Businessweek, Forbes, and the Financial Times. (Sources: Bloomberg BusinessWeek, Forbes; Investopedia summary.)
International experience
– The school places strong emphasis on study abroad and global immersion: semester exchanges and international partnerships allow students to study in Italy, China, South Africa, Ecuador (Galapagos), and other locations.
– These programs are integrated into undergraduate curricula to broaden cultural competency and global business perspective.
Student body, career outcomes, and alumni
– Enrollment: About 3,200 students total; roughly 900 are graduate students.
– Common employer sectors upon graduation: financial services, real estate, and health care.
– Average starting salary for full-time MBA graduates: around $80,000, with common roles in general management, finance and accounting, and marketing and sales.
– Alumni network: Over 45,000 members, including notable alumni such as Raul Alvarez (former President, McDonald’s), Jack Creighton (former CEO, United Airlines), and Joseph J. Echevarria, Jr. (former CEO, Deloitte). (Source: Investopedia / Miami Herbert “Fast Facts.”)
Real-world example
– Example alumnus: Joseph J. Echevarria, Jr. — progressed to CEO of Deloitte, illustrating how Miami Herbert graduates can move into top leadership roles across major professional services and corporate sectors. (Source: Investopedia)
Practical steps — for prospective students (undergraduate)
1. Research majors and double-degree options
• Review the 14 business majors and consider combining business with a non-business discipline to create a unique skill set.
2. Visit campus and attend information sessions
• Attend open houses or virtual events to meet faculty and students and learn about study-abroad options.
3. Prepare application materials
• Focus on coursework (quantitative classes help for majors like accounting and finance), extracurricular leadership, and essays that demonstrate global curiosity.
4. Explore scholarships and financial aid
• Check university and external scholarship opportunities; contact admissions and financial aid offices early.
5. Plan for international experience
• Identify study-abroad programs early so you can sequence major requirements to allow for a semester overseas.
Practical steps — for MBA applicants
1. Clarify career goals
• Define short- and long-term goals; Miami Herbert places graduates into finance, real estate, healthcare, and general management roles.
2. Prepare your application package
• GMAT/GRE (if required), transcripts, professional resume, essays, and recommendations. Highlight leadership, teamwork, and international experience where applicable.
3. Engage with admissions
• Attend MBA open houses, informational webinars, and connect with alumni/students to assess fit and gather advice.
4. Leverage career services pre-enrollment
• Review career placement stats, employer relations, and internship pipelines to assess ROI and networking opportunities.
5. Consider program format and timing
• Decide between full-time, part-time, or executive format based on career stage and employer support.
Practical steps — for current students (maximize your Miami Herbert experience)
1. Use career services early and often
• Get resume reviews, mock interviews, and employer introductions; attend career fairs targeted to finance, real estate, and healthcare employers.
2. Pursue internships and experiential learning
• Seek internships, consulting projects, and industry-sponsored competitions to build experience and employer relationships.
3. Take advantage of global programs
• Plan coursework to include a semester or short-term international immersion to strengthen global competencies.
4. Network strategically
• Join student clubs, alumni mentorship programs, and professional organizations. Use the alumni directory and events to build industry contacts.
5. Develop cross-functional skills
• Combine technical business skills (finance, accounting, data analysis) with communication, leadership, and cultural awareness.
Practical steps — for employers and recruiters
1. Partner with career services for targeted hiring events and internships.
2. Engage with student clubs and faculty for specialized recruiting and speaking opportunities.
3. Offer experiential projects (case competitions, consulting projects) to identify top talent early.
How to evaluate whether Miami Herbert is right for you
– Consider industry fit: strong placement in finance, real estate, healthcare.
– Consider global opportunities: if international experience is important, the school emphasizes study abroad and global immersion.
– Consider network and location: proximity to Miami’s international business environment and a large alumni base in related industries.
– Check rankings and outcomes relevant to your program of interest (MBA rankings, specialty rankings, and employment statistics).
Sources and further reading
– Investopedia / Yurle Villegas. “What Is the University of Miami Patti and Allan Herbert Business School?” (source page provided).
– Miami Herbert Business School. “Fast Facts.” (accessed March 31, 2021).
– Bloomberg BusinessWeek. “U.S. B-School Rankings.” (accessed March 31, 2021).
– Forbes. “The Best Business Schools.” (accessed March 31, 2021).
Editor’s note: The following topics are reserved for upcoming updates and will be expanded with detailed examples and datasets.