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Miami Herbert Business School

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Coordinates: 25°43′18″N 80°16′45″W / 25.721644°N 80.279267°W / 25.721644; -80.279267
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University of Miami Patti and Allan Herbert Business School[1]
Former name
University of Miami School of Business Administration, Miami Business School[2]
TypePrivate Business School
Established1929[3]
DeanJohn Quelch
Academic staff
153 (Fall 2020)[4]: 148 
Students3,567 (Fall 2020)[4]: 1 
Undergraduates2,621 (Fall 2020)[4]: 1 
Postgraduates946 (Fall 2020)[4]: 1 
Location
Coral Gables
,
Florida
,
United States
CampusSuburban[5]
Websitewww.herbert.miami.edu

University of Miami Patti and Allan Herbert Business School, also known simply as Herbert Business School, is the academic business school at the University of Miami 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.[6]

As of 2022, Academic Ranking of World Universities ranks Miami Herbert Business School the 25th best university in the world for business administration.[7]

History

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

Miami Herbert Business School was founded as the University of Miami School of Business 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]

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.[2][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.[2] 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]

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] Within those degrees, the school offers majors in several specific academic disciplines, including accounting, business analytics, business law, economics, finance, healthcare, leadership, management, marketing, and sustainability.[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 Leonard M. Miller School of Medicine.[23]

Miami Herbert has three EMBA programs: an EMBA for Health Management and Policy, Miami Global MBA, and Global OneMBA.[17][24] The Miami Global MBA is a 17-month program for business professionals with at least ten years of professional experience.[25] Classes in this program are team-taught.[25] Students attend lectures, question and answer sessions, and complete collaborative work to further develop skills acquired in their fields while learning new business leadership trends and ideas.[25] Global OneMBA program is run by Miami Herbert Business School in association with a multinational consortium of universities[26] and provides students with tangible and academic-level international business experience.[27]

Accreditations

Miami Herbert Business School is accredited by the Southern Association of Colleges and Schools Commission on Colleges,[28] the Education Quality Accreditation Agency,[29] and AACSB International.[30] Its healthcare management program is accredited by the Commission on the Accreditation of Healthcare Management Education.[31] 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.[32]

In September 2022, Miami Herbert Business School was awarded AMBA accreditation, securing triple crown accreditation status, which includes accreditation by EQUIS, AACSB International, and AMBA. Less than one percent of the world's business schools have been recognized with accreditation from all three of these academic accrediting bodies.[33]

Rankings

Business School
International Rankings
U.S. MBA Ranking
Bloomberg (2024)[34]46
U.S. News & World Report (2024)[35]67
Global MBA Ranking
Financial Times (2024)[36]93


Undergraduate program

Miami Herbert Business School ranks highly across multiple independent rankings of the world's business schools. As of 2022, Academic Ranking of World Universities ranks Miami Herbert Business School the 25th best university in the world for business administration.[37] In 2021, Businessweek ranked Miami Herbert Business School the 46th best undergraduate business school in the nation.[38] As of 2022, Poets and Quants ranks Miami Herbert Business School 30th best nationally and best in Florida.[39] As of its 2022 rankings, collegiate ranking company Niche ranks Miami Herbert Business School's accounting and finance programs 18th best nationally and its economics program second best in Florida.[40]

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[41] and 52nd best nationally by Poets & Quants.[42] In 2021, Financial Times ranked the school's MBA program the 93rd best MBA program in the world.[43] 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.[44][45]

Notable alumni

Notable past and present faculty

References

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25°43′18″N 80°16′45″W / 25.721644°N 80.279267°W / 25.721644; -80.279267

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