University of Miami Patti and Allan Herbert Business School
Former name
University of Miami School of Business Administration, Miami Business School[1]
TypePrivate business school
Established1929[2]
Parent institution
University of Miami
DeanAnn N. Olazabal (interim)[3]
Academic staff
167 (full-time)[4]
Students4,360[4]
Undergraduates3,437[4]
Postgraduates923[4]
Location, ,
U.S.
CampusSuburban[5]
Websiteherbert.miami.edu

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

20th century

Miami Herbert Business School on the University of Miami campus in September 2020

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

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.[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.[14]

Academics

Undergraduate

Miami Herbert Business School offers two undergraduate business education degrees, a Bachelor of Business Administration and a Bachelor of Science in Business Administration.[15] The school offers 17 majors and 18 minors in specific academic disciplines.[16]

Graduate

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.[17][18][19][20] 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.[17][20][21] All graduate programs emphasize experiential learning with students graded on portfolios they develop in their coursework.[22]

Miami Herbert also offers a joint M.D.-MBA degree in conjunction with the University of Miami's Miller School of Medicine.[23]

Accreditations

Miami Herbert Business School is accredited by the Southern Association of Colleges and Schools Commission on Colleges[24] and AACSB International.[25] Its healthcare management program is accredited by the Commission on the Accreditation of Healthcare Management Education.[26] 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.[27]

Rankings

Business School
International Rankings
U.S. MBA Ranking
Bloomberg (2024)[28]58
U.S. News & World Report (2024)[29]67
Global MBA Ranking
Financial Times (2024)[30]93

Undergraduate program

As of 2022, Academic Ranking of World Universities ranks Miami Herbert Business School the 25th-best university in the world for business administration.[31] In 2023, Bloomberg Businessweek ranked Miami Herbert Business School the 58th-best undergraduate business school in the nation.[32] As of 2022, Poets and Quants ranks Miami Herbert Business School 30th-best nationally and the best in Florida.[33] 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.[34]

Graduate program

As of 2022, Miami Herbert School's MBA program is ranked the 67th-best program in the nation by U.S. News & World Report[35] and 52nd-best nationally by Poets & Quants.[36] In 2021, Financial Times ranked the school's MBA program the 93rd-best MBA program in the world.[37] 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.[38][39]

Notable alumni

Notable past and present faculty

References

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