University of Miami School of Business Administration
Encyclopedia
The University of Miami School of Business Administration is an academic unit within the University of Miami
University of Miami
The University of Miami is a private, non-sectarian university founded in 1925 with its main campus in Coral Gables, Florida, a medical campus in Miami city proper at Civic Center, and an oceanographic research facility on Virginia Key., the university currently enrolls 15,629 students in 12...

 located in Coral Gables, Florida
Coral Gables, Florida
Coral Gables is a city in Miami-Dade County, Florida, southwest of Downtown Miami, in the United States. The city is home to the University of Miami....

. It was founded in 1929. It offers undergraduate business, full-time MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...

, Executive MBA, MS
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...

, Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...

 and non-degree executive education programs. It is a member of the Graduate Management Admission Council
Graduate Management Admission Council
The Graduate Management Admission Council is an international non-profit association of business schools that provides products and services to academic institutions and prospective graduate business students. The organization owns the Graduate Management Admission Test , a standardized exam that...

.

History

The UM School of Business was founded in 1929 under President Bowman Foster Ashe
Bowman Foster Ashe
Bowman Foster Ashe was a U.S. educator who served as the first president of the University of Miami.Ashe attended Mount Union College and then transferred to the University of Pittsburgh were he earned a Bachelor of Science degree In 1910. After graduation, he took a job teaching English and...

 in the midst of the “Great Crash.” Classes were initially held in the unfinished Anastasia Hotel, near the 160 acre (0.6474976 km²) that would later become the University of Miami campus. Ashe lured national recognized economist John Thom Holdsworth of Pittsburgh to teach economics and to later serve as the School’s dean. In the 1940s the School expanded its undergraduate offerings to include majors in accounting, commerce, finance and political science and the School grew to almost 2,000 students. The School started its full-time MBA program in 1948 and was accredited by the Association to Advance Collegiate Schools of Business
Association to Advance Collegiate Schools of Business
The Association to Advance Collegiate Schools of Business was founded in 1916 to accredit schools of business worldwide. The first accreditations took place in 1919. The stated mission is to advance quality management education worldwide through accreditation and thought leadership. It is regarded...

 (AACSB) in 1957.

In 1973, the school established one of the first Executive MBA programs. In 1979, the school added a health care specialization to its Executive MBA offerings with what is now the Executive MBA in Health Sector Management and Policy program. In the late 1970s, the School gained a permanent facility with the completion of the George W. Jenkins Building and the Elsa and William H. Stubblefield Memorial Classroom Building.

From 1992-2007, Paul K. Sugrue served as Dean.

In August 2007, Barbara E. Kahn became dean after serving as a professor and administrator at the Wharton School.

Faculty

In the past two years, the School has attracted new faculty from some of the world's leading business schools and universities including the Wharton School, Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

, MIT
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

, and Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...

. The Financial Times now rates the School's faculty among the top 35 business school faculties in the U.S. and among the top 40 faculties in the world.

Media citations about the School and its faculty increased by more than 100 percent from 2008 to 2009 and have included top media such as The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

, The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

, BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...

, The Financial Times, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

, The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...

, CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...

, Fox Business Network
Fox Business Network
Fox Business Network is an American cable news and satellite news television channel that began broadcasting on October 15, 2007. It is owned by the Fox Entertainment Group, part of Rupert Murdoch's News Corporation...

 and PBS
Public Broadcasting Service
The Public Broadcasting Service is an American non-profit public broadcasting television network with 354 member TV stations in the United States which hold collective ownership. Its headquarters is in Arlington, Virginia....

's Nightly Business Report
Nightly Business Report
Nightly Business Report is a Business news television magazine broadcast live Monday to Friday evenings on most public television stations in the United States. Every weeknight, Nightly Business Report distills the essence of what matters in the business world, and provides analysis and reflection...

, for which the School's faculty now provide a regular commentary segment.

Undergraduate program

The undergraduate program leads to degrees of Bachelor of Business Administration (BBA) and Bachelor of Science in Business Administration (BSBA). These programs are fully accredited by the Association to Advance Collegiate Schools of Business
Association to Advance Collegiate Schools of Business
The Association to Advance Collegiate Schools of Business was founded in 1916 to accredit schools of business worldwide. The first accreditations took place in 1919. The stated mission is to advance quality management education worldwide through accreditation and thought leadership. It is regarded...

, International (AACSB - International).
The Bermont/Carlin Scholars program is a competitive scholarship program for third year finance students that includes a trip to New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

 to meet with executives in the investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

 industry. The Canes Behavioral Laboratory allows undergraduate marketing students to use behavioral research
Behavioral Operations Research
Behavioral operations research examines the behavior of actual human agents in complex decision problems. BOR is the operations management analog of experimental economics and behavioral finance, and is part of the field known as management science....

 software to participate in marketing research in a controlled environment.

Executive MBA program

The Executive MBA program allows students to work toward a degree over 23 months on a part-time basis. Students attend classes on the Coral Gables campus that are taught by the same faculty that teach the full-time MBA program. The Executive MBA program begins each January with all day Saturday courses. The average age of its students is 37, and students have an average of 11 years of work experience. The average class size is 30. In addition to the general Executive MBA program, the UM offers an Executive MBA in Health Sector Management and Policy program and a joint Executive MBA/MS in Industrial Engineering program, both are also taught on the main campus. The school also teaches Executive MBA programs in Palm Beach, Florida
Palm Beach, Florida
The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth...

 and in Puerto Rico
Puerto Rico
Puerto Rico , officially the Commonwealth of Puerto Rico , is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.Puerto Rico comprises an...

.

Over the past year, the School has also expanded its global footprint with the launch of an Executive MBA program in Puerto Rico and with the establishment of partnerships with seven leading business schools in Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Peru
Peru
Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

, and Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

.

Health care programs

The University of Miami Executive MBA Program in Health Sector Management and Policy has dual accreditation by AACSB International - The Association to Advance Collegiate Schools of Business and Commission on the Accreditation of Healthcare Management Education
Commission on the Accreditation of Healthcare Management Education
The Commission on Accreditation of Healthcare Management Education is the accrediting body for graduate degree programs related to healthcare management in the United States and Canada....

 (CAHME). This Executive MBA program requires students to attend classes on three days of a weekend each month for 23 months. Physicians graduating from the Executive MBA in Health Sector Management and Policy program qualify to receive 25 American Medical Association
American Medical Association
The American Medical Association , founded in 1847 and incorporated in 1897, is the largest association of medical doctors and medical students in the United States.-Scope and operations:...

 PRA Category 1 Credits.

The business school and the UM School of Medicine
Leonard M. Miller School of Medicine
The University of Miami Leonard M. Miller School of Medicine is the school of medical education of the University of Miami. The main medical campus is located in the Civic Center, Miami, Florida within the UM/Jackson Memorial Medical Center complex...

 offer a joint MD
Doctor of Medicine
Doctor of Medicine is a doctoral degree for physicians. The degree is granted by medical schools...

/MBA degree program to prepare future physicians for the business aspects of managing a medical practice, as well as prepare medical students for careers in health sector management, leadership and policy. Students must first be accepted into the MD program and then apply for admission to the joint program. Students in the joint program add a year of business courses in between the third and fourth years of the normal four-year MD program.

Joint JD/MBA program

Under UM's joint JD
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...

/MBA program, students earn a JD and an MBA degree in 3-1/2 to 4 years. Students meet all the requirements of the JD and MBA programs, but receive as many as 12 credits by taking classes that count toward both degrees. Students seeking to graduate in 3.5 years typically enroll in the summer session of the law school.

Student body

As of the Fall 2009, the school has 1,962 undergraduate and 513 graduate students. There were 166 full time MBA students, 266 Executive MBA students and 23 PhD candidates. The students entering in the fall of 2008 were 72% male and 28% female. Twenty five percent were international students. Entering students had an average age of 26 with 2.5 years of work experience, an average GMAT of 636 and an average undergraduate GPA of 3.2.

Rankings

The University of Miami's School of Business Administration is broadly recognized as one of the top business programs in the U.S. BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...

ranks it at the 54th best undergraduate business programs in the nation. BusinessWeek also ranks UM's full time MBA  program as being in its top third tier (with 45 schools in the first two tiers.) In 2007, The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

, ranked the School of Business Administration as the 16th best business school in the nation.

The Executive MBA program at the University of Miami School of Business Administration, in 2008, was ranked 33rd among all such programs in North
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

 and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...

 and 76th among all Executive MBA programs worldwide. The research ranking of the UM School of Business Administration, which is a measure of the caliber of its faculty, is ranked 31st among all programs worldwide.

The Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

ranks the University of Miami MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...

 program as 98th in MBA programs worldwide.

Outreach

The school has partnered with the Young Presidents' Organization
Young Presidents' Organization
The Young Presidents’ Organization is a global network of young chief executives. With approximately 18,000 members in more than 100 countries, YPO and its graduate organization, WPO share a founding mission: Better Leaders Through Education and Idea Exchange....

 of Miami (YPO) to have CEOs of local companies mentor UM students and have the school provide executive education to YPO members. YPO members will also coach teams in the school's annual business plan competition. Representatives of the school have travelled internationally seeking to establish collaborations with foreign business schools.

Notable alumni

  • Ralph Alvarez
    Ralph Alvarez
    Ralph Alvarez is a Cuban-American businessman and the former President and Chief Operations Officer of McDonald's Corporation....

    , president and COO of McDonald's
    McDonald's
    McDonald's Corporation is the world's largest chain of hamburger fast food restaurants, serving around 64 million customers daily in 119 countries. Headquartered in the United States, the company began in 1940 as a barbecue restaurant operated by the eponymous Richard and Maurice McDonald; in 1948...

    .
  • Mercedes Aráoz
    Mercedes Aráoz
    Mercedes Rosalba Aráoz Fernández is a Peruvian economist, professor, and politician. She served as Minister of Foreign Commerce and Tourism from 2006 to December 2009, after which she was appointed as Peru's Finance Minister....

    , Finance Minister of Peru
    Peru
    Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

    .
  • Micky Arison
    Micky Arison
    Micky Arison is an Israeli-American businessman of Romanian Jewish ancestry, and Chief Executive Officer of Carnival Corporation, the world's largest cruise operator, and owner of the NBA's Miami Heat....

    , CEO of Carnival Corporation
    Carnival Corporation & plc
    Carnival Corporation & plc , is a American-British Company, and the world's largest cruise ship operator. It is a dual listed company, with headquarters at Carnival Place in the Miami suburb of Doral, Florida, USA, and at Carnival House in Southampton, England, UK...

     and owner of the Miami Heat
    Miami Heat
    The Miami Heat is a professional basketball team based in Miami, Florida, United States. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association . They play their home games at American Airlines Arena in Downtown Miami...

     (attended but did not graduate).
  • Bakr bin Laden
    Bakr bin Laden
    Bakr bin Laden, brother of Osama bin Laden, is the chairman of the Jeddah-based Saudi Binladin Group and the largest majority shareholder in the Group, with a 23.58% holding....

    , leader of the bin Laden family
    Bin Laden family
    The bin Laden family , also spelled bin Ladin, is a wealthy family intimately connected with the innermost circles of the Saudi royal family. The family was thrown into media spotlight through the activities of one of its members, Osama bin Laden, mastermind of the 9/11 attacks...

     and chairman of Saudi Binladin Group.
  • Lyor Cohen
    Lyor Cohen
    Lyor Cohen is the North American Chairman and CEO of Recorded Music for Warner Music Group . He has been a pioneer in the development of hip hop music and influential in the development of hip hop music acts, including Beastie Boys, Foxy Brown, LL Cool J, Jam Master Jay, Nas, Run-D.M.C...

    , vice chairman of Warner Music Group
    Warner Music Group
    Warner Music Group is the third largest business group and family of record labels in the recording industry, making it one of the big four record companies...

     and CEO of Recorded Music, Americas and the U.K.
  • John W. Creighton, Jr.
    John W. Creighton, Jr.
    John W. Creighton, Jr. is an American businessman who has worked with many corporations, organizations, and universities. These include Weyerhaeuser Company, United Air Lines, the University of Puget Sound, civilian aide to the Secretary of the Army, and the Boy Scouts of America...

    , president and CEO of Weyerhaeuser
    Weyerhaeuser
    Weyerhaeuser is one of the largest pulp and paper companies in the world. It is the world's largest private sector owner of softwood timberland; and the second largest owner of United States timberland, behind Plum Creek Timber...

    .
  • Pedro Fabregas
    Pedro Fabregas
    Pedro Fábregas is an officer at AMR Corporation, Senior Vice President of Customer Service of American Eagle Airlines and President and CEO of Executive Airlines.-Career:...

    , president and CEO of American Eagle, Caribbean, Florida, Bahamas Executive Airlines
    Executive Airlines
    Executive Airlines, Inc. is an airline headquartered in Carolina, Puerto Rico.Executive Airlines operates an extensive inter-island network in the Caribbean and to the Bahamas and the USA in American Eagle colors. Its main base is Luis Muñoz Marín International Airport, San Juan. In addition,...

     / American Eagle Airlines
    American Eagle Airlines
    American Eagle Airlines is a brand name used by American Eagle Airlines, Inc. , based in Fort Worth, Texas, and Executive Airlines based in San Juan, Puerto Rico, in the operation of passenger air service as regional affiliates of American Airlines. All three airlines are wholly owned subsidiaries...

    .
  • Michael Johns
    Michael Johns (executive)
    Michael Johns is an American health care executive, former federal government of the United States official and conservative policy analyst and writer.-Biography:...

    , health care executive and former White House
    White House
    The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

     speechwriter.
  • David Komansky
    David Komansky
    David H. Komansky is the former chairman and CEO of Merrill Lynch & Company.Komansky grew up in a family of Russian Jewish immigrants and Irish Catholics. He joined the U.S. Coast Guard before getting a degree from the University of Miami in 1965...

    , former CEO of Merrill Lynch
    Merrill Lynch
    Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...

    .
  • Bernie Kosar
    Bernie Kosar
    Bernard Joseph "Bernie" Kosar, Jr. is a former American football quarterback in the National Football League. Kosar played for the Cleveland Browns from 1985 to 1993 and then finished his career with the Dallas Cowboys and the Miami Dolphins.-Early life and high school career:A Hungarian-American...

    , former NFL quarterback, Cleveland Browns
    Cleveland Browns
    The Cleveland Browns are a professional football team based in Cleveland, Ohio. They are currently members of the North Division of the American Football Conference in the National Football League...

    , Dallas Cowboys
    Dallas Cowboys
    The Dallas Cowboys are a professional American football franchise which plays in the Eastern Division of the National Football Conference of the National Football League . They are headquartered in Valley Ranch in Irving, Texas, a suburb of Dallas...

     and Miami Dolphins
    Miami Dolphins
    The Miami Dolphins are a Professional football team based in the Miami metropolitan area in Florida. The team is part of the Eastern Division of the American Football Conference in the National Football League...

    .
  • Porfirio Lobo Sosa, President of Honduras
    Honduras
    Honduras is a republic in Central America. It was previously known as Spanish Honduras to differentiate it from British Honduras, which became the modern-day state of Belize...

    .
  • Rohan Marley
    Rohan Marley
    Rohan Anthony Marley is the son of late reggae artist Bob Marley and Janet Hunt.A 1991 graduate of Miami Palmetto Senior High School, Marley played linebacker for the University of Miami football team, where he played alongside players like Dwayne Johnson and Ray Lewis. In 1993 he led the...

    , owner of Tuff Gong
    Tuff Gong
    Tuff Gong is a record label that was formed by the reggae group The Wailers in 1970 and named after Bob Marley's nickname, which was in turn an echo of that given to founder of the Rastafari movement, Leonard "The Gong" Howell. The first single on the label was "Run For Cover" by The Wailers...

     clothing line and son of late reggae musician Bob Marley
    Bob Marley
    Robert Nesta "Bob" Marley, OM was a Jamaican singer-songwriter and musician. He was the rhythm guitarist and lead singer for the ska, rocksteady and reggae band Bob Marley & The Wailers...

    .
  • Drew Rosenhaus
    Drew Rosenhaus
    Drew Rosenhaus is an American sports agent who represents professional football players. He owns the Miami-based sports agency, Rosenhaus Sports, and is known for using aggressive tactics on behalf of his clients who play in the National Football League.Rosenhaus currently represents approximately...

    , professional sports agent.
  • Matthew Rubel
    Matthew Rubel
    Matthew E. Rubel was Chairman, CEO and President of Collective Brands, Inc., a footwear, accessory and lifestyle brand company. Collective Brands is the parent company for Payless ShoeSource, Collective Brands Performance + Lifestyles Group , and Collective Licensing International from 2005 to 2011...

    , chairman, CEO and president of Payless ShoeSource
    Payless ShoeSource
    Payless ShoeSource is a discount footwear retailer founded in Topeka, Kansas in 1956 that is owned by Collective Brands, Inc. In 1961, it became a public company as the Volume Shoe Corporation which merged with the May Department Stores Company in 1979. In the 1980s, Payless was widely known in the...

    .
  • Martin Zweig
    Martin Zweig
    Martin E. Zweig is an American stock investor, investment advisor, and financial analyst. He is, according to Forbes Magazine renowned for his "eccentric and lavish lifestyle" as well having the most expensive residence in the United States. It was listed on the New York City real estate market a...

    , investment advisor and author of Winning on Wall Street.

See also

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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