The University of Miami was chartered in 1925 by a group of citizens who saw a need for an institute of higher learning in the growing community of Miami. This was during the time that the South Florida land boom was at its peak providing ample resources to begin a university. People in the area were optimistic about its success and supporters of the institution believed that the Miami community provided the unique opportunity to further creative work in the arts while also conducting research in tropical studies.

Unfortunately, the following year, when the school opened, the land boom had collapsed. The economic collapse in Florida was a prelude to the national economic depression. Adding to the difficulties the fledgling school dealt with in the first fifteen years, a devastating hurricane struck Miami in 1926. The school survived mainly due to the vision and persistence of Dr. Bowman F. Ashe, the first president of the university. Dr. Ashe kept the school operating following bankruptcy, reorganization and world war.

When the school opened, it consisted of the College of Liberal Arts, the School of Music and the Evening Division. The School of Law was established in 1928 and the School of Business Administration as well as the School of Education in 1929. Graduate studies were added in 1941 and the Marine Laboratory in 1942. The School of Engineering was established in 1947 and the School of Medicine in 1952.

Enrollment at the University of Miami was 10,000 students in 1953, but by 1962, enrollment had grown to 14,000. Today, the school has an enrollment of 16,774, and ranked in the top 50 in the U.S. News & World Report Best Colleges issue in 2015. Several graduate programs in the U.S. News & World Report Best Graduate Schools in 2014.

University of Miami Accreditation Details

The University of Miami is accredited by the Southern Association of Colleges and Schools. Regional accreditation indicates that the university meets or exceeds educational standards set by the organization and that they strive to continually improve programs. In addition, 23 professional and educational organizations accredit programs offered throughout the college.

University of Miami Application Requirements

Freshman admission to the University of Miami is very competitive. Students must complete the Common Application and pay the applicable fee. Official high school transcripts must be provided as well as official SAT or ACT scores. A school report and letter of recommendation are also required. Some undergraduate programs of specific admission requirements, so students should contact an admissions counselor before applying.

Students who have completed some college courses after high school are considered transfer students. Those interested in transferring to the University of Miami should complete the Common Application and pay the applicable fee. Students should provide official transcripts from every college or university attended. Students must provide a Registrar/College Report and a letter of recommendation.. Students who have fewer than 30 college credits must send official high school transcripts and official SAT or ACT scores.

Graduate admissions at the University of Miami are not centralized. Students apply directly to the program they wish to enter. All students must complete the application and provide transcripts of all undergraduate and graduate coursework. Students must provide letters of recommendation and most programs require official GRE, LSAT, MCAT and GMAT scores.

University of Miami Tuition and Financial Aid

Full-time undergraduate tuition at the University of Miami is $44,400 while full-time graduate tuition is $33,300. Financial aid is available. Students must complete the CSS/Financial Aid Profile as well as signed prior year tax returns and current year tax transcripts. Students must complete the Free Application for Federal Student Aid (FAFSA) as well.

Financial aid is available in the form of scholarships, grants as well as Florida and Out-of-State Aid programs. Students may also qualify for educational loans, work programs or veterans programs.

University of Miami Online Degree(s)

PhD in Business

The doctoral program in business at the Miami School of Business Administration connects a world-class faculty with candidates in order to prepare them for careers in research and teaching. Students choose from one of eight of the following concentrations:

  • Accounting
  • Economics
  • Finance
  • Management Science
  • Marketing
  • Operations Management
  • Organizational Behavior
  • Strategy/International Business

The program combines interdisciplinary study and research with one-on-one mentoring in the student’s area of interest.

The program is built on the philosophy that the most innovative research ideas come from a variety of theories, problems and methods across disciplines. Students are provided with the skills and tools necessary to conduct necessary research and come to conclusions based on the data accumulated as well as training in basic business science. Students follow a specialized program of study that builds extensive expertise in their area of interest.

Students begin partnering with faculty immediately upon entering the program using a one-on-one mentoring model throughout the program. The program requires full-time, year-round study in order to maximize the interaction among faculty and students. In addition to stipend and tuition waivers, students are also provided funding to present research findings at professional conferences that allow them to network with industry experts. Students are typically prepared to enter the academic job market during the fourth year of the program.

In order to be admitted to the program, students must complete an application, provide transcripts from undergraduate studies and any graduate coursework that has been completed. Students must also provide three letters of recommendation forms, official score reports on the GRE or GMAT.

There are two streams of core courses required. These courses can be waived with the consent of the appropriate department. Stream I core courses include:

  • Micro Economics I
  • Macro Economics
  • Econometrics I & II
  • Math Economics II

Stream II core courses include:

  • Psych Statistics I & II
  • Research Methods
  • Social Psychology
  • Small Group Theory
  • Micro Economics I

In addition, students must complete 33 credits in concentration courses, 15 of which may be satisfied by transfer credits. Students are required to complete and defend a dissertation. A total of 60 credits are required to complete the program with 12 hours of dissertation research included.

Although the University of Miami does not offer online courses as part of the Ph.D. in Business program, students are provided high-quality education that can help them advance in their career or move into a new career.