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Full-Time MBA Profile Publish Date 05/27/12

University of Miami

School of Business Administration

  • Program Basics

      • Full-time MBA Program
      • School of Business Administration
      • 5250 University Drive
      • 221 Jenkins Building
      • Coral Gables, 33146, Florida
      • United States
      • Program Web site: http://www.bus.miami.edu/grad
      • Status: Private
      • Program e-mail address: mba@miami.edu
      • Graduate business school is accredited by:
        • Association to Advance Collegiate Schools of Business (AACSB)
        • Other

  • SCHOOL BASICS

    • Graduate business school enrollment:

      • Total: 602
      • Full-Time MBA: 193
      • Part-Time MBA: 0
      • Executive MBA: 309
      • PhD Program: 26
      • Other graduate degree programs:
        • Master of Accounting
        • Other
      • Master of Science in Taxation

  • PROGRAM COSTS

    • Total direct costs (tuition and required fees) of the entire MBA program:

      • Resident: $85,306.00
      • Nonresident: $85,306.00
      • Recommended annual budget (Resident): $57,200.00
      • Recommended annual budget (Nonresident): $57,200.00

  • PROGRAM LENGTH

      • Full-time program (months): 21

  • ADMISSIONS

    • Application Deadlines

      • Semester: Fall 2011
      • Deadline: Oct 3, 2011
      • Semester: Winter 2011
      • Deadline: Dec 1, 2011
      • Semester: Spring 2012
      • Deadline: Feb 1, 2012
      • Semester: Spring 2012
      • Deadline: Apr 1, 2012
      • Does the program have rolling admissions? Yes
      • Is proficiency in English required for admission? Yes
      • Is a minimum score on an English language proficiency test required? Yes

    • Which English language proficiency tests are accepted?

        • IELTS
        • TOEFL Internet Based Test
        • TOEFL Paper-based Test
      • Minimum paper-based TOEFL score required for MBAs: 587

    • Relative Importance of Application Elements:

      • GMAT Score: Very Important
      • Resume/Work Experience: Very Important
      • Application Essays: Important
      • Interviews: Very Important
      • Recommendations: Very Important
      • Undergraduate Transcripts: Very Important

  • APPLICANTS

      • Applications (admitted and denied) to the newest class: 432
      • Applicants who were accepted to the most recent class: 45 %
      • Admitted applicants who enrolled in the newest class: 51 %
      • Applicants who were re-applicants from prior years: 4 %
      • Percentage of this year's reapplicants accepted: 2 %
      • Applicants wait-listed during the last admissions cycle: 26
      • Wait-listed applicants admitted for the semester to which they applied: 6
      • Applicant interviews are: Required
      • Applicants (admitted and denied) who were interviewed: 53 %
      • Admitted applicants who were interviewed: 100 %

  • APPLICANT POOL

      • International applications received: 54 %
      • Applications from women received: 35 %
      • Mean base salary forgone: $52,684.00
      • Median base salary forgone: $41,000.00

  • CLASS PROFILE

    • Full-time students in newest entering class (2010-2011) that are:

      • Female: 30 %
      • International: 40 %
      • Married: 3 %

    • Students from following regions:

      • Africa: 0 %
      • Asia: 20 %
      • Europe: 8 %
      • North America: 61 %
      • Latin America and the Caribbean: 11 %
      • Oceania: 0 %
      • Dual citizenship: 0 %

    • Percentage of U.S. students in newest entering class that are:

      • African American: 3 %
      • Asian American: 10 %
      • Hispanic or Latino American: 19 %
      • Multiethnic/Multiracial: 0 %
      • Native American: 2 %
      • White (Non-Hispanic): 63 %
      • Chose not to report: 3 %
      • Other: 0 %

    • Percentage of U.S. students in newest entering class who are from the following regions:

      • Northeast: 12 %
      • Mid-Atlantic: 7 %
      • South: 63 %
      • Southwest: 5 %
      • Midwest: 3 %
      • West: 10 %
      • Possessions and territories: 0 %
      • Mean months of work experience of newest entering class: 30
      • Median months of work experience of newest entering class: 22

    • Middle 80% range of work experience of newest entering class in months:

      • From: 0
      • To: 71
      • Median age of entering class: 25
      • Mean age of entering class: 26

  • FINANCIAL AID

      • Full-time MBAs apply for financial aid through: Central financial aid office at the university
      • Full-time MBAs who applied for financial aid for the current academic year: 68 %
      • Full-time MBAs receiving financial aid in the current academic year: 64 %
      • Mean MBA financial aid package for the current academic year: $30,967.00
      • Median MBA financial aid package for the current academic year: $28,800.00
      • On what basis are scholarships awarded?
        • academic merit
      • How does an applicant apply for scholarship consideration? As part of the admissions application
      • Mean scholarship awarded to full-time MBAs in the previous academic year: $19,327.00
      • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 90 %
      • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No
      • Mean outstanding debt among the most recent graduates from the full-time MBA program: $60,196.00

  • GMAT

      • Are applicants required to take the GMAT? Yes
      • Are applicants allowed to submit the GRE? No

    • GMAT score distribution (applicant pool):

      • 10th Percentile 460
      • 50th Percentile (median) 600
      • 75th Percentile 650
      • 25th Percentile 550
      • Average GMAT Score 590
      • 90th Percentile 690

    • GMAT score distribution (incoming class):

      • 25th Percentile 600
      • 90th Percentile 700
      • 50th Percentile (median) 640
      • 75th Percentile 670
      • Average GMAT Score 636
      • 10th Percentile 578

  • CLASS OFFERINGS

      • Average number of students in a full-time MBA core class: 49
      • Average number of students in a full-time MBA elective class: 26
      • Elective courses available to full-time MBA students: 49

    • Electives that have been added to the full-time program since June 30, 2010:

      • Management and Economics of Health Care
      • Compensation and Control

    • Concentrations and specializations offered to full-time MBA students:

        • Consulting
        • Finance
        • Management Information Systems
        • General Management
        • Marketing
        • Real Estate
        • International Business
        • Statistics and Operations Research
      • Mergers & Acquisitions

    • Joint-degree programs offered to full-time MBAs:

        • MBA/JD (Law)
        • MBA/MD (Medicine)
        • Other
      • Does the school offer an accelerated full-time MBA program? Yes

    • The school believes that its leading areas of study for full-time MBA students are:

        • Finance
        • General Management
        • Marketing
        • International Business
        • Statistics and Operations Research

  • FACULTY

      • Faculty employed by the B-school: 164

    • Full-time faculty:

      • Tenured: 57
      • Non-Tenured: 107

    • Adjunct/Visiting Faculty:

      • Tenured: 0
      • Non-Tenured: 28

    • Women on Faculty:

      • Tenured: 12
      • Non-Tenured: 40

    • Minority Faculty:

      • Tenured: 22
      • Non-Tenured: 41

    • International Faculty:

      • Tenured: 9
      • Non-Tenured: 30

    • Faculty with PhDs:

      • Tenured: 57
      • Non-Tenured: 68

  • STUDENT LIFE

    • Professional clubs available to full-time MBA students:

        • Entrepreneurship
        • Consulting
        • Finance
        • Marketing
        • Investment Banking

    • Networking clubs available to full-time MBA students:

        • Hispanic Student Organization
        • International Club
        • Women in MBA
        • Gay/Lesbian/Bisexual

  • TEACHING/ACADEMICS

    • Teaching methods used:

      • Case Study: 20 %
      • Distance Learning: 0 %
      • Experiential Learning: 10 %
      • Lectures: 50 %
      • Simulations: 10 %
      • Team Projects: 10 %
      • Other: 0 %

    • Requirements for graduation:

        • Students must have attended a minimum number of classes
        • Students must have earned a pre-determined GPA/Letter grade average

  • TECHNOLOGY

      • Technology improvements in the last three academic years: Additional high performance computing cluster of nodes for research, behavioral marketing research lab, online information research library entirely online, portal, Web and email hosting for all students, three new student computing labs with iMacs and Quad Core PCs, Virtual Server Infrastructure, Storage Area Networks for Six Terabytes of Storage, UBusiness iPhone and iPad Application, Cloud Based Computing Clusters, Upgraded Digital Library Terminals, and Echo 360 Remote Learning System.
      • Amount spent: $1,963,000.00

  • B-SCHOOL ALUMNI

      • Living MBA alumni: 11,339
      • Living MBA alumni who gave in past year: 3 %
      • Mean gift from MBA alumni: $477.00
      • Median gift from MBA alumni: $50.00
      • Did school receive an individual gift in excess of $10 million in the past academic year? No
      • Does the main university offer career placement services for alumni? Yes
      • Does the main university have an alumni networking Web site? Yes
      • University alumni networking site: https://www.miamialumni.net/
      • Does the B-School have an alumni networking Web site? Yes
      • Does the B-SCHOOL offer career services for alumni? Yes
      • Do current MBA students have access to an alumni database? Yes

  • CAREER SERVICES

      • Graduates seeking full-time professional MBA employment: 60 %
      • Graduates not seeking employment: 39 %
      • Graduates for whom you have no information regarding employment: 1 %

    • Annual job-searching trips that the school coordinates or participates in:

      • Destination: New York, New York (Asian MBA)
      • Month: August
      • Amount Paid By School: Partial
      • Destination: Los Angeles, CA (Black MBA)
      • Month: September
      • Amount Paid By School: Partial
      • Destination: Louisville, KY (Womens MBA)
      • Month: October
      • Amount Paid By School: Partial
      • Destination: Chicago, IL (Hispanic MBA)
      • Month: October
      • Amount Paid By School: Partial
      • Destination: New York, New York (Wall Street Trip)
      • Month: October
      • Amount Paid By School: Full

    • Primary source of job offer:

      • School-facilitated activities: 45 %
      • Graduate-facilitated activities: 55 %
      • No information provided by graduate: 0 %

    • Job Offers for 2011 graduates

      • Received first job offer by graduation: 54 %
      • Received first job offer in three months following graduation: 26 %
      • Received first job offer more than 3 months after graduation: 0 %
      • Did not report having received a job offer: 20 %
      • Accepted first job offer by graduation: 50 %
      • Accepted first job offer in three months following graduation: 30 %
      • Accepted first job offer more than 3 months after graduation: 0 %
      • Did not report having accepted a job offer: 20 %

    • Top recruiting organizations most recent academic year:

      • Burger King Corporation 3
      • Johnson & Johnson 2
      • Goldman Sachs & Co. 1
      • AT&T 1
      • IBM 1
      • Credit Suisse 1
      • Royal Caribbean, Ltd. 1
      • Ryder System, Inc. 1
      • Intcomex 1
      • Citrix Systems 1
      • Cargill 1
      • Sunera Business Consultants 1
      • Restaurant Holdings, Ltd. 1
      • Rialto Capital 1
      • Avison & Young 1
      • Job-accepting graduates who received a signing bonus: 18 %

    • Base salary, signing bonuses and other compensation for most recent employed graduates:

      • Mean base salary: $73,246.00
      • Median base salary: $65,000.00
      • Mean signing bonus: $19,429.00
      • Median signing bonus: $8,000.00
      • Mean other guaranteed compensation: $0.00
      • Median other guaranteed compensation: $0.00

    • Graduating students who accepted jobs in the following functional areas:

      • Consulting: 15 %
      • Finance/Accounting: 28 %
      • General Management: 18 %
      • Human Resources: 0 %
      • Marketing/Sales: 20 %
      • Management Information Systems: 2 %
      • Operations/Logistics: 5 %
      • Other: 12 %

    • Graduating students who accepted jobs in the following industries:

      • Government: 0 %
      • Consulting: 5 %
      • Consumer Products: 30 %
      • Financial Services: 18 %
      • Manufacturing: 2 %
      • Media/Entertainment: 0 %
      • Non-Profit: 0 %
      • Petroleum/Energy: 0 %
      • Pharmaceutical/Biotechnology/Health Care: 2 %
      • Real Estate: 13 %
      • Technology: 15 %
      • Other: 15 %

    • Graduates who accepted full-time jobs in the following regions:

      • Africa: 0 %
      • Asia: 2 %
      • Europe: 0 %
      • North America: 90 %
      • Oceania: 0 %
      • Latin America and the Caribbean: 8 %

    • Within the U.S., graduates who accepted full-time jobs in the following regions:

      • Northeast: 6 %
      • Mid-Atlantic: 6 %
      • South: 85 %
      • Southwest: 3 %
      • Midwest: 0 %
      • West: 0 %
      • Possessions and territories: 0 %

    • Top recruiting organizations for internships, most recent academic year:

      • RCCL/Bacardi 5
      • Sunera Business Consultants 3
      • FedEx LAC Division 3
      • Citigroup 3
      • Bacardi 2
      • Goldman Sachs & Co. 2
      • Haime Companies 2
      • Newmark Knight Frank 2
      • UBS Financial Services 2
      • Elizabeth Arden 2
      • Bessemer Trust 1
      • McDonalds Corporation 1
      • Miller/Coors 1
      • Coca-Cola Company 1
      • Audi Latin America 1
      • Internships awarded that are paid: 74 %

    • Weekly internship compensation:

      • Mean: $758.00
      • Median: $600.00
      • Average internship length in weeks: 13

Getting In

B-School Life

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Paying the Bills