University of Miami (FL) MBA: The Rundown

I've found this site to be incredibly helpful but noticed there is limited information out there on the MBA programs outside of the top 25, so I thought I would put something together for UM's FT MBA program. Hopefully this will be helpful for anyone considering coming here.

Application/Interview:

The application is very simple and it's free. Took less than 30 mins to submit. The interview was about an hour long over Skype and I had a decision within 24 hours.

Students:

The program only has about 70 students per year. Pretty wide distribution in the age range but I'd say the median is probably about 26-27. A pretty large number of Latin Americans that worked in their family's business and plan to go back to doing so afterwards (not all that surprising...it is Miami after all). Finance is among the most popular concentrations here but it is mostly career switchers - I haven't run into many people with pre-MBA finance experience.

Area:

The campus looks like a resort. It's about 15-20 mins south of downtown Miami in Coral Gables. The traffic is awful so if you can find a place near a train station, you'll save yourself a ton of time and aggravation. You can get an unlimited student pass for $55/month. Ubers are very cheap in Miami as well because you rarely travel more than 5 miles to get anywhere (even though it may take 45 mins). Unfortunately, living at the beach is out of the question unless you leave the house at 7am and don't go home until 7pm or like sitting in hours of traffic. You'll have a hard time finding a 1br near anything for less than $1800/month. Maybe if you head out into the suburbs, but you're going to need to be fluent in Spanish to live out there.

Social:

You can absolutely get by without speaking Spanish in any of the areas along the coast, but you should know that it can be very difficult to meet people here if you're not from Miami or South America. People tend to keep to themselves, so the school is the best place to make friends. There's also local sports leagues you can join in the area for football, basketball, volleyball, etc. There's a ton of transplants that sign up for them and it's a good way to make some friends outside of the program.

Recruiting/Career Options:

Since this is what most of you really care about, I'll go into more detail...

Real Estate:

There is a ton of real estate activity in Miami and plenty of opportunities to along with it. The school offers real estate as a concentration as well as a master's in real estate. You'll find on-campus recruiting for pretty much all aspects - development, property management, PE, etc. The school also has connections in NYC, and takes a group of students on a networking trip to NYC each year.

PWM:

Several UM MBAs go into PWM at BBs each year. To work in the Miami office you'll likely need Spanish/Portuguese, although I've heard of some people doing internships here and then taking full-time positions in NYC. If you're interested in PWM, you'll have a legitimate shot at all of the top banks.

corporate finance:

A lot of companies have their LATAM headquarters in Miami. There are a bunch of solid companies that recruit at UM, but the pay in South Florida is pretty low considering the high cost of living. Your best bet for these types of opportunities are to go to the national career fairs.

Investment Banking:

Almost non-existent in Miami. There are a few boutiques to intern at, but not many of these turn into FT offers. There's shops in Ft. Lauderdale, Boca & West Palm that recruit for FT roles but it's need-based, so no guarantees the timing will work out.

PE/HF:

Surprising number of shops in the area. Apparently a lot of guys from NYC head down here for the tax breaks and weather. Some opportunities pop up every once in a while, although it's pretty much for entry-level work. Could be a good way to get your foot in the door, but the investment positions are almost entirely lateral hires from well-known banks.

While the amount of on-campus recruiting is limited, I've felt like the small program size has actually been helpful in networking and at the career fairs. There's just not that many of us, so if you are able to track down an alum at a target company (especially outside of Florida), it's almost guaranteed that you are the only UM MBA trying to reach out to them. At the national career fairs, it's very much the same. Recruiters love pointing out how nice it must be to live in Miami and tell you about the last time they were there for vacation. It's an easy way to make a quick connection.

Hopefully some of you will find this helpful. Feel free to reach out if you have any specific questions.

Comments (10)

 
Nov 4, 2016 - 5:11pm

+1. Thanks for adding in more info about a program not discussed as often.

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers
 
Nov 8, 2016 - 7:13am

Thanks for the write-up, well done. Good to get some additional info about UM out there!!!

 
Nov 8, 2016 - 9:53am

Very hard to stay focused on academics in that town..

26 Broadway where's your sense of humor?
  • 2
 
Nov 13, 2016 - 6:07pm

I have the oportunity to get to UM, as I'm brazillian it may look interesting. But I dont usually like to be serendipituous... I say, I fear for xenofoby and things like that.

I actually just want to get experiencie on the financial market, specially for HF. I usually do things by my self when it comes to business, and for it I can get by. But, I don't like the way racism act uppon straigh-up plans like mine.

I live in a place where people are racist, because it's a traditional area. And I still know how to deal with that here. By knowing so, I guess the only option is to get to a traditional-like school into the US. For that I always neglected UM. I surelly look for a Finance MBA in the US. Still, I could get into UM while into my BS in engineering. So, you made me curious about the oportunities I should get.

Does it looks promissing? Should I go there and take some courses into engineering to open my comprehension if it is good or not?
I have looked into the oportunity of a course into NYU Tandom School of Engineering. It was related to the Financial Market. As I value the oportunity to take even double, or two courses at the same time, I would take a MBA into a great school while I take the Engineering-related one.

I love mainframes, I would love to put Finance into Office and IT at the same time maybe into the same company...It would be a lot of fun.

Whats best? in UM I would do well? I don't know about NYU so well too.

 
Nov 13, 2016 - 7:34pm

University of Miami (FL) MBA: exit opportunities (Originally Posted: 06/12/2016)

I was recently admitted to the FT MBA program at the University of Miami and I wanted to get information from anyone who is familiar with the program. What types of finance jobs do most students get once they graduate and how is the university viewed outside of inside and outside of South Florida? What are some of the strength and weaknesses of the program? Any information will help. Thanks in advanced!

 
Nov 13, 2016 - 7:35pm

I went to undergrad (not at the U) in that neck of the woo and also recruited while I was doing my MMS for South Florida so take this with a grain of salt. I can't comment directly on the U, but can talk about South Florida. South Florida has a crappy finance scene for a major metro. There are few funds and few banks, although CRE is decent. Most finance gigs are going to be Corp Fin or Big 4 type. Some decent sized companies are either headquartered in south Florida or have a LatAm HQ there.

The best firms tend to recruit from targets take a look at HIG, Trivest and SunCap. These individuals also tend to have prior IB experience at BBs or MMs.

The U has a strong reputation, being the best school in the area. But targets tend to dominate high finance. Feel free to PM.

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