Miami Herbert Business School
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Former name | University of Miami School of Business Administration, Miami Business School[1] |
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Type | Private business school |
Established | 1929[2] |
Parent institution | University of Miami |
Dean | Paul A. Pavlou[3] |
Academic staff | 167 (full-time)[4] |
Students | 4,360[4] |
Undergraduates | 3,437[4] |
Postgraduates | 923[4] |
Location | , , U.S. |
Campus | Suburban[5] |
Website | herbert |
Miami Herbert Business School (officially the University of Miami Patti and Allan Herbert Business School)[6] is the business school of the University of Miami, a private research university in Coral Gables, Florida. The school was founded in 1929 and offers undergraduate BBA, full-time MBA, Executive MBA, MS, Ph.D., and non-degree executive education programs. It is one of 12 schools and colleges at the University of Miami.[7]
History
[edit]20th century
[edit]![](http://upload.wikimedia.org/wikipedia/commons/thumb/2/2e/Miami_Herbert_Business_School.jpg/220px-Miami_Herbert_Business_School.jpg)
Miami Herbert Business School was founded as the University of Miami School of Business concurrently with the University of Miami's founding in 1929.[8][9] The school's founding came in the middle of a period of financial turmoil for the university and classes were initially held in the unfinished Anastasia Hotel, near the parcel of land that would later become the university's Coral Gables campus.[10][11][12]
21st century
[edit]In 2017, University of Miami president Julio Frenk appointed former Harvard Business School senior associate dean and professor John Quelch as the school's dean and vice provost of executive education.[1][13] Shortly after being hired, Quelch led a successful but short-lived initiative to change the school's name from the University of Miami School of Business Administration to Miami Business School.[1] On October 15, 2019, the school's name changed again to honor Patti and Allan Herbert, a married alumni couple who have contributed approximately $100 million to the university over the course of their lifetimes.[13] The school is currently known as the University of Miami Patti and Allan Herbert Business School.[13][5]
In December 2022, the University of Miami announced the departure of Quelch as the school's dean, and the appointment of Ann N. Olazabal, a professor of business law and ethics and the Herbert Business School's vice dean of Lifelong Learning and Executive Education, as his interim replacement. In January 2023, the university began a search for a permanent replacement.[14] On July 1, 2024, Paul A. Pavlou, formerly dean of the University of Houston's business school, began his tenure as Miami Herbert's new dean.[3]
Since its 1929 founding, Miami Herbert Business School has graduated 45,000 alumni from 130 countries, including several who have gone on to high-profile management and other leadership capacities in U.S. and global business, government, academia, thought leadership, and other business or business-related fields.[15]
Academics
[edit]Undergraduate
[edit]Miami Herbert Business School offers two undergraduate business education degrees, a Bachelor of Business Administration and a Bachelor of Science in Business Administration.[16] The school offers 17 majors and 18 minors in specific academic disciplines.[17]
Graduate
[edit]Miami Herbert Business School's MBA includes a full-time program, two accelerated options (an MBA and a specialty MBA in Real Estate), an online Professional MBA, and an Executive MBA (EMBA) designed for working professionals.[18][19][20][21] Graduate students may also pursue several joint interdisciplinary degrees, including a JD-MBA, a PhD-MBA, and a Master of Science in Sustainable Business. Miami Herbert also operates a program in collaboration with the university's School of Architecture leading to a joint Bachelor of Architecture-MBA degree.[18][21][22] All graduate programs emphasize experiential learning with students graded on portfolios they develop in their coursework.[23]
Miami Herbert also offers a joint M.D.-MBA degree in conjunction with the University of Miami's Miller School of Medicine.[24]
Accreditations
[edit]Miami Herbert Business School is accredited by the Southern Association of Colleges and Schools Commission on Colleges[25] and AACSB International.[26] Its healthcare management program is accredited by the Commission on the Accreditation of Healthcare Management Education.[27] The school received EQUIS accreditation from the European Foundation for Management Development in May 2021.[9] Miami Herbert is also a member of Graduate Management Admission Council.[28]
Rankings
[edit]Business School International Rankings | |
---|---|
U.S. MBA Ranking | |
Bloomberg (2024)[29] | 58 |
U.S. News & World Report (2024)[30] | 67 |
Global MBA Ranking | |
Financial Times (2024)[31] | 93 |
Undergraduate program
[edit]As of 2022, Academic Ranking of World Universities ranks Miami Herbert Business School the 25th-best university in the world for business administration.[32] In 2023, Bloomberg Businessweek ranked Miami Herbert Business School the 58th-best undergraduate business school in the nation.[33] As of 2022, Poets and Quants ranks Miami Herbert Business School 30th-best nationally and the best in Florida.[34] As of its 2023 rankings, the collegiate ranking company Niche ranks Miami Herbert Business School's accounting and finance programs 14th-best in the nation.[35]
Graduate program
[edit]As of 2022, Miami Herbert School's MBA program is ranked the 67th-best program in the nation by U.S. News & World Report[36] and 52nd-best nationally by Poets & Quants.[37] In 2021, Financial Times ranked the school's MBA program the 93rd-best MBA program in the world.[38] Also in 2021, The Economist ranked the Miami Herbert School MBA program the 77th-best MBA program in the world and 34th-best in the nation. In 2021, The Economist ranked Miami Herbert's MBA faculty the eighth-best MBA faculty in the world.[39][40]
Notable alumni
[edit]- Ralph Alvarez, operating member, Advent International, and former president of McDonald's North America[41]
- Mercedes Aráoz, former Vice President of Peru and Minister of Economy and Finance[42]
- Micky Arison, chairman of Carnival Corporation and owner of the Miami Heat (attended but did not graduate)[43]
- Bakr bin Laden, former chairman of Saudi Binladin Group and half-brother of al-Qaeda terrorist Osama bin Laden[44]
- Juan Carlos Escotet, Spanish-Venezuelan billionaire banker and founder of Banesco, Venezuela's largest private financial institution[45]
- Lyor Cohen, global head of music for Google and YouTube[46]
- John W. Creighton Jr., former president and chief executive officer of Weyerhaeuser and UAL Corporation[47]
- Mario Cristobal, head football coach for the University of Miami[48]
- Alix Earle, social media personality[49]
- Dany Garcia, former chairwoman and owner of XFL professional football league, film producer, and former wife and manager of Dwayne Johnson[50]
- Patti and Allan Herbert, philanthropists[13]
- Michael Johns, health care executive and former White House presidential speechwriter[51]
- David Komansky, former chairman and chief executive officer of Merrill Lynch[52]
- Porfirio Lobo Sosa, former President of Honduras[53]
- Rohan Marley, co-founder of Jamaica-based Jammin Java and son of late reggae musician Bob Marley[54]
- Jorge Mas, chief executive officer of MasTec and chairman of the Cuban American National Foundation[55]
- Dan Radakovich, athletic director at the University of Miami[56]
- Mark Richt, ACC Network college football analyst and former University of Miami head football coach[57]
- Drew Rosenhaus, professional sports agent, National Football League[58]
- Matthew Rubel, former chairman, chief executive officer, and president of Payless ShoeSource[59]
- Andy Unanue, managing partner of AUA Private Equity Partners and former chief operations officer of Goya Foods[60][61]
- Martin Zweig, former investment advisor and author of Winning on Wall Street[62]
Notable past and present faculty
[edit]- Alex Azar, senior executive in residence
- Henrik Cronqvist, former vice dean and professor, finance[63]
- Aquiles Este, lecturer, brand management[64]
- Yadong Luo, professor of international business strategy
- Linda L. Neider, professor and chair, Department of Management[65][66]
- John Quelch, former dean
- Donna Shalala, University of Miami board of trustees presidential chairperson and professor emeritus[67]
- Neil Wallace, former professor, economics[68]
- Noah Williams, professor of economics
References
[edit]- ^ a b c Bandell, Brian (March 29, 2018). "New University of Miami dean seeks to elevate business school to Top 25". South Florida Business Journal. Retrieved October 19, 2021.
- ^ http://www.bus.miami.edu/our-perspective/school-history-timeline.html "Miami Herbert Business School History"
- ^ a b "Paul Pavlou named new dean of Miami Herbert Business School". University of Miami. April 30, 2024. Retrieved August 30, 2024.
- ^ a b c d "Fact Finder" (PDF). Miami.edu. 2023. Retrieved March 12, 2024.
- ^ a b "University of Miami Patti and Allan Herbert Business School". Petersons. October 19, 2021. Retrieved October 19, 2021.
- ^ "About Miami Herbert | Miami Herbert Business School | University of Miami". herbert.miami.edu. Retrieved April 7, 2024.
- ^ "Welcome". Retrieved February 1, 2010.
- ^ "About Miami Herbert". Miami Herbert Business School. December 6, 2021. Retrieved December 6, 2021.
- ^ a b Pouza, Lauren (May 11, 2021). "Kent Business School, Miami Herbert Business School, Olin Business School and Queen's Management School are EQUIS accredited". EFMD Global Blog. Retrieved December 6, 2021.
- ^ Moran, Malcolm (December 29, 1986). "The Major Bowl Games: Showdown for No. 1". The New York Times. Retrieved December 6, 2021.
- ^ Whitcomb, Tom (December 29, 2017). "Know Your Enemy: Miami". The Bohzo. Retrieved December 6, 2021.
- ^ Rodriguez, Rene (November 24, 1991). "Beginnings: Boom Gone Bust After Hurricane of 1926 Posed Obstacles for University of Miami". The Miami Herald. p. 35.
- ^ a b c d Wile, Rob (October 15, 2019). "UM business school renamed in honor of $100 million in lifetime gifts". Miami Herald. Retrieved December 6, 2021.
- ^ "Interim dean selected for the Miami Herbert Business School". University of Miami. December 19, 2022. Retrieved February 16, 2023.
- ^ "Alumni" at Miami Herbert Business School website
- ^ "Explore the Undergraduate Program". Miami Herbert Business School. October 13, 2021. Retrieved October 13, 2021.
- ^ "University of Miami Fact Book 2021-22" (PDF). Retrieved June 3, 2023.
- ^ a b "MBA Programs". Miami Herbert Business School. October 13, 2021. Retrieved October 13, 2021.
- ^ Burt, Chris (December 10, 2020). "Miami business school giving $1M in COVID relief scholarships". University Business. Retrieved October 13, 2021.
- ^ Madell, Robin (September 3, 2020). "MBA students immersed in virtual learning offer their best advice for making the most of your remote or hybrid business school experience this year". Business Insider. Retrieved October 13, 2021.
- ^ a b Mann, Joseph (October 4, 2019). "5 South Florida business schools aim to broaden their appeal with innovative, flexible programs". Miami Herald. Retrieved October 13, 2021.
- ^ Gale, Kevin (March 12, 2009). "UM business school looks to boost stature". South Florida Business Journal. Retrieved October 13, 2021.
- ^ Moules, Jonathan (January 20, 2020). "Business schools revamp traditional MBA". Financial Times. Retrieved October 13, 2021.
- ^ "M.D./M.B.A. Program - Miller School of Medicine Admissions". Admissions.med.miami.edu. Retrieved June 28, 2019.
- ^ "Institutions". SACSCOC. January 19, 2021. Retrieved January 19, 2021.
- ^ "University of Miami". AACSB. January 19, 2021. Retrieved January 19, 2021.
- ^ "CAHME Accredited Program". GMAC. January 19, 2021. Retrieved January 19, 2021.
- ^ "Member Schools". GMAC. January 19, 2021. Retrieved January 19, 2021.
- ^ "Best B-Schools". Bloomberg Businessweek.
- ^ "2023 Best Business Schools Rankings". U.S. News & World Report.
- ^ "Global MBA Ranking 2023". Financial Times.
- ^ "Business Administration" at 2022 Shanghai Ranking
- ^ "Miami (Herbert)". Bloomberg.com. Retrieved December 20, 2021.
- ^ "Miami Herbert repeats as top-ranked Poets & Quants undergraduate business program school in Florida," University of Miami website, retrieved February 21, 2022.
- ^ "2023 Best Colleges for Accounting and Finance in America," Niche
- ^ "University of Miami". US News & World Report. Retrieved August 18, 2022.
- ^ "The Definitive List Of The Top 100 U.S. MBA Programs of 2020-2021 — 51 to 75". Poets & Quants. December 7, 2020. Retrieved December 20, 2021.
- ^ "Business School Rankings". Financial Times. Retrieved December 20, 2021.
- ^ "Business School Rankings". The Economist. Retrieved December 20, 2021.
- ^ "The Economist ranks MBA faculty quality No. 8 worldwide,", University of Miami website, retrieved February 21, 2022.
- ^ "Ralph Alvarez". Lilly. February 1, 2022. Retrieved February 1, 2022.
- ^ "Mercedes Aráoz". Lilly. February 1, 2022. Retrieved February 1, 2022.
- ^ "Micky Arison," Forbes, retrieved April 11, 2018
- ^ Coll, Steve (2008). The Bin Ladens: An Arabian Family in the American Century. Penguin, 2008. p. 541. ISBN 9781594201646.
- ^ "Juan Carlos Escotet Rodríguez". Abanca. February 1, 2022. Retrieved February 1, 2022.
- ^ "Rap's Unlikely King," Newsweek, January 30, 2000, retrieved April 11, 2018
- ^ "John W. Creighton, Jr.", Bloomberg, retrieved April 11, 2018
- ^ Staley, Antwan (December 6, 2021). "Mario Cristobal leaving Ducks to coach Miami Hurricanes". The Register-Guard. Retrieved February 1, 2022.
- ^ La Roche Pietri, Natalie (August 5, 2023). "She's a 22-year-old TikTok star. Now, Alix Earle is funding a Miami college scholarship". Miami Herald. Retrieved December 19, 2023.
Earle, originally from New Jersey, moved to Miami in 2019 to attend the University of Miami. She graduated in May from the Herbert Business School.
- ^ Dany Garcia, chairwoman and owner," XFL website
- ^ Kunkel, Declan (November 21, 2018). "An Interview with Michael Johns, Co-Founder of the U.S. Tea Party Movement". The Politic. Retrieved February 1, 2022.
- ^ "Bullish on Merrill Lynch", The Washington Post, December 22, 2016, retrieved April 11, 2018
- ^ "Nations divided on recognizing Honduran president-elect", CNN, November 30, 2009, retrieved April 11, 2018
- ^ "Rohan Marley's passion for life was on display at Miami", 247Sports.com, September 9, 2016, retrieved April 11, 2018
- ^ "Jorge Mas" at MasTec website
- ^ D'Angelo, Tom (December 9, 2021). "Dan Radakovich announced at Miami AD: 'We are going to set the bar high and jump over it'". Palm Beach Post. Retrieved August 18, 2022.
- ^ Parks, Kendra (January 4, 2018). "'Canes Mean Business". University of Miami. Retrieved August 18, 2022.
- ^ "Rosenhaus: Here to Stay", ESPN, April 22, 1999, retrieved April 11, 2018
- ^ "Matthew Rubel", Bloomberg, retrieved April 11, 2018
- ^ Schwaneberg, Robert (March 26, 2008). "NJ Senate candidate Andy Unanue fell from grace at family's company". NJ.com. Retrieved August 18, 2022.
- ^ Duran, Cibeles (November 17, 2021). "$5 million gift names Miami Herbert Business School's graduate career advancement center". University of Miami. Retrieved August 18, 2022.
- ^ "Martin Zweig, who forecast '87 market crash, dies at 70", The New York Times, February 21, 2013, retrieved April 11, 2018
- ^ Burt, Chris (December 10, 2020). "Miami business school giving $1M in COVID relief scholarships". University Business Magazine. Retrieved February 24, 2022.
- ^ "Aquiles Este working at the intersection of branding and big data," Reader's Digest
- ^ "Linda L. Neider". University of Miami. February 24, 2022. Retrieved February 24, 2022.
- ^ Pettit, Carl (October 28, 2017). "When Being a Jerk Boss Will Come Back To Bite You in the Ass". Ozy. Retrieved February 24, 2022.
- ^ "Donna Shalala returns to the U". News.Miami.edu. University of Miami. December 10, 2020. Retrieved February 24, 2022.
- ^ Clement, Douglas (December 12, 2013). "Interview with Neil Wallace". Federal Reserve Bank of Minneapolis. Retrieved February 24, 2022.