Program Basics

• • University of Miami, The School of Business Administration
  • School of Business Administration
  • 5202 University Drive
  • Merick 104
  • Coral Gables, Florida
  • 33124
  • United States
  • Program Web site: http://www.bus.miami.edu
  • Program e-mail address: undergraduatebusiness@miami.edu
  • Program phone number: 305-284-4641
  • Status: Private
• • AACSB accredited: Yes

• Accreditation other than AACSB:

  • SACS
• • Year in which the undergraduate business program was founded: 1928
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 10,144
  • Full-time undergraduate business: 1,887
  • Part-time undergraduate business: 419
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 91 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 68 %
  • Within six years of admission to the university: 71 %

• Undergraduate Business Degrees Offered:

  • BBA (Bachelor of Business Administration)
  • BSBA (Bachelor of Science in Business Administration

PROGRAM COSTS

• • Annual Tuition (Resident): $38,440.00
• • Annual Tuition (Non-Resident): $38,440.00
• • Annual Required Fees: $1,214.00
• • Tuition Per Academic Credit (Resident): $1,600.00
• • Tuition Per Academic Credit (Non-Resident): $1,600.00
• • Annual Room and Board: $11,528.00
• • Annual Cost of Books: $2,540.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 35 %
  • International: 24 %

• Mean and median age of full-time business students in the newest entering class:

  • Mean: 18
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 63 %
  • Top 25% of high school class: 91 %
  • GPA of 3.75 or higher: 65 %
  • GPA of 3.5 to 3.74: 18 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1297
  • Median: 1300

• Middle 50% range of SAT scores (1600 scale):

  • From: 1240
  • To: 1370

• ACT scores for the newest entering class of full-time undergraduate business students:

  • Mean: 29
  • Median: 29

• Middle 50% range of ACT scores:

  • From: 27
  • To: 31

• Citizenship breakdown for newest entering class:

  • US: 76 %
  • Canada: 0 %
  • Other Non-US Citizens: 24 %
  • Dual Citizenship: 0%
  • Unknown Citizenship: 0 %

• U.S. citizens in newest entering class:

  • African American: 5 %
  • Asian American: 5 %
  • Hispanic or Latino American: 16 %
  • Multiethnic/Multiracial: 3 %
  • Native American: 0 %
  • White (Non-Hispanic): 63 %
  • Chose not to report: 8 %

• Regional breakdown of U.S. citizens in newest entering class:

  • Northeast: 30 %
  • Mid-Atlantic: 11 %
  • South: 36 %
  • Southwest: 4 %
  • Midwest: 13 %
  • West: 5 %
  • Possessions and territories: .3

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • SAT
  • ACT
  • TOEFUL
• • Minimum SAT score on 1600 scale (if applicable) required for admission: 0, 0
  • Minimum ACT Score (if applicable) required for admission: 0, 0
  • Minimum High School GPA (if applicable) required for admission: 0, 0
  • Interviews are: Not required

• Application deadlines:

  • Fall 2012 ED-11/1/2011
  • Fall 2012 EA-11/1/2011
  • Fall 2012 RG DEC-1/1/2012
  • Spring 2013 11/1/2011
• • Total undergraduate applicants, all programs: 27,747
• • Percentage of applicants admitted: 38 %
• • Percentage of admitted applicants who enrolled: 20 %
• • International applicants: 14 %
• • Female applicants: 35 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Very Important
  • Talent/ability: Not Considered
  • Interview: Not Considered
  • Extracurricular activities: Considered
  • Volunteer work: Considered
  • Character/personal abilities: Very Important
  • Application essay: Very Important
  • Work experience: Considered
  • SAT/ACT scores: Very Important
  • Recommendations: Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 6,152
  • Percentage of applicants admitted: 34 %
  • Percentage of admitted applicants who enrolled: 22 %

• Admission requirement for admission to the undergraduate business program

  • Minimum SAT: 0, 0
  • Minimum ACT: 0, 0
  • Minimum high school GPA: 0, 0
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
  • What exam other than SAT/ACT is required?: TOEFL EXAM FOR INTERNATIONAL STUDENTS WHO ARE NOT NATIVE ENG. SPEAKERS
• • Admissions interviews for the undergraduate business program are: Not required

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 100 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? No
  • Process for freshmen admission?: Indicate interest on university application

• Internal transfers:

  • Method for handling internal transfers: Other
  • Minimum college GPA for internal transfers to the business program: 3.0
  • Additional application requirements, including course/grade requirements: Candidates must have a "B" in Calculus 1 and cum GPA 3.0

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Peer Counseling
  • Alpha Kappa Psi
  • Economics Club
  • Delta Sigma Pi
  • Strictly Business
• • Are freshmen required to live on campus?: Yes
  • Are business students grouped together in 'learning communities' in housing and other facilities?: No

PROGRAM REQUIREMENTS

• Minimum number of credit hours required to receive an undergraduate business degree:

  • BBA 120
  • BSBA 120

ACADEMICS

• Average class size:

  • Required business classes: 33
  • Business electives: 27
  • Non-business electives: 31

• Percentage of business classes:

  • With 20 or fewer students: 15 %
  • With 21 to 50 students: 79 %
  • With more than 50 students: 6 %

• Course enrollment:

  • Percentage of required business courses reaching maximum enrollment by the first day of class: 0 %
  • Percentage of required business courses with waiting lists: 0 %

CURRICULUM

• Electives:

  • Available business electives: 60
  • New electives: MKT380 New Product Development
• • Last curriculum overhaul: 2009
  • Total business faculty: 130
  • Percentage of the total faculty that is tenured or tenure track: 69 %

• Most prominent faculty:

  • Dr. Yadong Luo
  • Dr. Alok Kumar
  • Dr. A. Parasuraman

• Business program's leading areas of study:

  • • Accounting
    • Finance
    • Marketing
    • International Business
    • Health Care Administration
  • Other leading area of study: Behavioral Finance
• • Special programs: Accelerated Masters of Accounting (4 and one half years to complete undergrad/grad and prepare for CPA. Accelerated Program in Law- 6 -year combined BBA/JD
• • Work study: no
• • Study abroad programs: Students may embark on exchange programs run through centralized study abroad office or coordinate semester/summer abroad activities through 3rd party provider
• • Volunteer opportunities: MG100-entire freshman class participates in one-day of community service as part of freshman class on ethics and social responsibility. Entire university community participates in day of service on Gandhi Day through volunteer activities coordinated through centralized office.

• Extra-curricular activities:

  • Beta Alpha Psi
  • The Hyperion Council
  • Strictly Business
  • Alpha Kappa Psi
  • Delta Sigma Pi
  • Phi Beta Lambda
  • Entrepreneurship Competition
  • Business United Day

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.miami.edu

• Scholarships

  • Scholarship money distributed to business students last year: $17,621,021.00
  • Expected scholarship distribution to business students this year: $18,424,362.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Other criteria for scholarship consideration: Awards made to encourage student participation in particular majors or co-curricular activities. Awards also made to underrepresented demographics who are achieving.
  • Students receiving institutional scholarships in the current academic year: 47 %
  • Students receiving full-tuition institutional scholarships in the current academic year: .6%
  • Institutional scholarship money distributed to undergraduate business students based on need: 25 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 63 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No
• • Mean outstanding debt, most recent graduating class: $24,862.00

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 89 %
  • Percentage seeking full-time professional employment in business: 67 %
  • Percentage not seeking full-time professional employment in business: 2 %

• Received first job offer:

  • By graduation: 78 %
  • After graduation, but within 3 months: 79 %
  • More than 3 months after graduation : 0 %
  • No job offer reported: 21 %
• • Companies recruiting business students on campus: 36
  • Companies posting job offers for business students on school job boards: 103

• Top employers (number of students hired):

  • Citi 6
  • Ernst & Young 3
  • JP MORGAN 3
  • Deloitte 3
  • Merril Lynch 2
  • Nielson 2
  • US Military 2
  • Raymond James 1
  • Dept. of Defense 1
  • Teach for America 1
  • Bank America 1
  • Galxo smith Kline 1
  • Florida Marlins Foundation 1
  • Goldman Sachs 1
  • Enterprise 1

• Compensation

  • Mean base salary: $51,353.00
  • Median base salary : $50,000.00
  • Mean signing bonus: $7,260.00
  • Median signing bonus: $7,500.00
  • Mean other guaranteed compensation: $0.00
  • Median other guaranteed compensation: $0.00

• Most recent graduates accepted jobs in the following functional areas:

  • Consulting: 3 %
  • Finance/Accounting: 45 %
  • General Management: 14 %
  • Human Resources: 1 %
  • Management Information Systems: 4 %
  • Marketing/Sales: 12 %
  • Operations/Production: 2 %
  • Logistics/Transportation: 2 %
  • Other: 10 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 13 %
  • Consumer Products/Retail : 7 %
  • Consulting: 3 %
  • Financial Services: 32 %
  • Government/Education: 3 %
  • Pharma/Biotech/Health: 2 %
  • Manufacturing: 2 %
  • Media/Entertainment: 4 %
  • Petroleum/Energy: 0 %
  • Real Estate: 5 %
  • Sports/Leisure: 7 %
  • Technology/Science: 4 %
  • Non-Profit: 5 %
  • Transportation: 2 %
  • Utilities: 0 %
  • Other: 10 %

• Job offers accepted by most recent graduates in North America:

  • US: 100 %
  • Canada: 0 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 26 %
  • Mid-Atlantic: 3 %
  • Midwest: 2 %
  • South: 36 %
  • Southwest: 3 %
  • West: 4 %
  • Possessions and territories: 0 %
• • Career services offered: Full fledged centralized career planning and placement services. With dedicated business adviser and consultant to help students prepare for interviews, conduct job search activities etc.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 36
  • Companies posting internship offers for business students on school job boards: 639

• Internship pay

  • Internships that are paid: 85 %
  • Mean compensation, per week, for paid internships only: $789.00
  • Median compensation, per week, for paid internships only: $764.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 33,113
  • Total living alumni of the undergraduate business program: 28,949
  • Percentage of living alumni who contributed to the business program or university in the last academic year: 13 %

• Alumni gifts

  • Mean Gift: $2,295.00
  • Median Gift: $100.00
  • Did the business program receive a gift of $10 million or more in the last academic year? No

• Prominent alums of the undergrad business program

  • Raul Alvarez FORMER PRESIDENT, COO MCDONALDS CORP
  • JOSEPH ECHEVARRIA , JR. CEO, DELOITTE LLP
  • Lyor Cohn VICE CHAIRMAN, WARNER BROS. MUSIC

• • -The program combines small class sizes, accessible professors, job opportunities in a metropolitan city, worthwhile clubs and programs, and an administration that cares for the students. Rather than one thing making the program unique, I think it's being able to offer so many different positive aspects of a business program.
    
    -We have a diverse group of students from many international countries. Our professors work part-time in the city of Miami. Our class sizes are generally 15 people or less. The dean was from the Wharton School and transformed it into a very competitive program.
    
    -There are a few professors who are not up to par with the large majority, and a few minor administrative policies that could be changed. I really think the wealth of talent that has graduated from the school in recent years will help the program become stronger as it is realized in the business world that Miami is an up-and-coming school and business program. Admissions standards have soared and I'm very impressed with the quality of my classmates. I think it can only help reputation and network-wise to see the success of these graduates in the coming years.
    
    -All of my teachers know me by name. Some teachers know my name before I walk into the their class for the first time. We have a very interesting mix of students because we have such a large international presence.
    
    -The school has improved a lot over the years, but it is far from perfect. It needs to ramp up its academic focus by striving to truly make our classes more relevant. Perhaps, UMiami should incorporate a science-like lab to give us, the students, a hands on opportunity to learn and apply the concepts that we are taught.
    
    -The University of Miami School of Business is unique in the sense that it is very personal. The classroom sizes tend to be smaller and you can maintain great relationships with your professors and classmates. Most importantly, the professors, namely in the business law department and marketing department, are all extremely charismatic, great teachers, and become great friends, mentors, and advisors as well.
    
    -At times, I felt the workload was too heavy, with this work not being sufficiently relevant to developing real world skills. I would have liked to have more guest speakers in my classes as well as relevant hands-on learning.
    
    -With small classrooms, I can be active in learning from experienced, knowledgeable, and resourceful professors who are all dedicated to helping me learn all I can. All the professors and faculty are dedicated to helping me achieve my goals.
    
    -I would focus on job placement a little more as well as changing some of the curriculum around to allow students to branch off more within the business school.
    
    -The University of Miami School of Business is the only place in the world where a group of students from such incredibly diverse backgrounds can come together and be taught by leading academics and businesspeople in one of the world's great centers of international business, while taking advantage of the greater resources of a major research university in a culturally diverse metropolitan area.
    
    -An ongoing challenge is finding more major banks and financial services companies to come onto campus and directly recruit. This has improved greatly during the 4 years that I have been here because the word is finally getting out about the University of Miami, but there is still progress to be made.
    
    -Small classes mean everything in this business school. Teachers are always available to help, and I really had the opportunity to get to know my professors. I can walk into their office even though I had them 3 years ago, and they would still help me with a question. The diversity has also prepared me for my career. After working in a global bank this summer, I realized how prepared I was after being on campus for 3 years.