# University of Miami Patti and Allan Herbert Business School

![University of Miami Patti and Allan Herbert Business School](https://www.investopedia.com/thmb/j-9Ix89oJ3ZMvhF0xHMfcQ4ulAo=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/university-of-miami-school-of-business-administration.asp-Final-6525489e53174348a6cad72b1f7efc41.jpg)

*— Investopedia / Yurle Villegas*

> **Definition**
>
> The Patti and Allan Herbert Business School is the school of business at the University of Miami.

## What Is the University of Miami Patti and Allan Herbert Business School?

The University of Miami Patti and Allan Herbert Business School—often referred to simply as the “Miami Herbert Business School”—is a business school located at the University of Miami in Coral Gables, Florida.

Founded in 1929, the school offers a mixture of undergraduate and graduate programs, including the [Master of Business Administration (MBA)](https://www.investopedia.com/terms/m/mba.asp). The school received its current name in 2019, in recognition of the numerous gifts given to the school by its alumni, Patti and Allan Herbert. Prior to this change, it was known as the University of Miami School of Business Administration.

### Key Takeaways

*   The Miami Herbert Business School is a business school located in Coral Gables, Florida.
*   It offers both undergraduate and graduate-level degrees, with an emphasis on international exchange placements.
*   The school’s MBA program is frequently ranked in the top 70 worldwide, with graduates frequently pursuing careers in the financial services, health care, and real estate sectors.

## Understanding the Miami Herbert Business School

The Miami Herbert Business School offers both undergraduate and graduate degrees. Its undergraduate students can work toward 14 different majors, in subjects such as [accounting](https://www.investopedia.com/terms/a/accounting.asp), [economics](https://www.investopedia.com/terms/e/economics.asp), [finance](https://www.investopedia.com/ask/answers/what-is-finance/), [marketing](https://www.investopedia.com/terms/m/marketing.asp), and [real estate](https://www.investopedia.com/terms/r/realestate.asp). These can also be combined with other subjects in a diverse range of disciplines outside of business, such as those in the Arts and Science faculties.

The university places a strong emphasis on international experience among its undergraduate students. This is accomplished through a variety of foreign-exchange programs and partnerships with foreign universities. By taking advantage of these programs, Miami Herbert Business school students can complete planned semesters in locations such as Italy, China, South Africa, and even Ecuador’s famous Galapagos Islands.

At the graduate level, the Miami Herbert Business School is known for its MBA program, which is regularly ranked among the top 100 MBA programs worldwide by organizations such as BusinessWeek, Forbes, and The Financial Times.

## Real World Example of the Miami Herbert Business School

Today, the Miami Herbert Business School is home to roughly 3,200 students, of whom about 900 are graduate students. Upon graduation, its students’  most common employers are in the [financial services](https://www.investopedia.com/ask/answers/030315/what-financial-services-sector.asp), [real estate](https://www.investopedia.com/terms/r/realestate.asp), and [health care](https://www.investopedia.com/terms/h/health_care_sector.asp) sectors. With an average starting salary of about $80,000, its full-time MBA graduates are commonly employed in roles such as general management, finance and accounting, and marketing and sales.

The Miami Herbert Business School alumni community is over 45,000 strong, with many notable members. These include Raul Alvarez, former President of McDonald’s ([MCD](https://www.investopedia.com/markets/quote?tvwidgetsymbol=mcd)); Jack Creighton, former CEO of United Airlines ([UAL](https://www.investopedia.com/markets/quote?tvwidgetsymbol=UAL)); and Joseph J. Echevarria, Jr., former CEO of Deloitte.

> **Article Sources**
>
> 1.  Miami Herbert Business School. "[Fast Facts](https://www.bus.miami.edu/our-perspective/fast-facts.html)." Accessed March 31, 2021.
>     
> 2.  Bloomberg BusinessWeek. "[U.S. B-School Rankings](https://www.bloomberg.com/business-schools/2019/regions/us)." Accessed March 31, 2021.
>     
> 3.  Forbes. "[The Best Business Schools](https://www.forbes.com/business-schools/list/2/#tab:rank)." Accessed March 31, 2021.