Educational Vanguard 

Miami is the 7th largest metro area in the U.S. — a bustling hub for multinational trade, commerce and culture at the crossroads of The Americas. Miami Herbert Business School takes full advantage of this thriving ecosystem to provide the most innovative and internationally relevant learning opportunities.
Words by Sandy Lindsey | January 31, 2024 | Lifestyle

The University of Miami Patti & Allan Herbert Business School understands that tomorrow’s most successful and principled leaders, those who will transform business and society, are built today. They are thought leaders whose mission is to redefine business knowledge and practice in the broadest possible terms, shape business scholarship and how business is conceived, and set the standard for business education in such fields as Artificial Intelligence, Healthcare, specialized Master’s Degrees and MBAs.

Artificial Intelligence is a prime example of this forward-looking education. A few months back, when AI was rightfully being recognized as a remarkably transformative business phenomenon, Miami Herbert already had several cutting-edge, STEM-certified graduate programs on offer: a Master of Science in Business Analytics; a Master of Science in Accountancy; a Master of Science in Taxation; and a Master of Science in Finance. These programs, in tandem with the STEM-certified Master of Science in Sustainable Business and the full-time MBA program, allow students to capitalize on the profitable union of machine learning and data analytics. “Even though we are growing our classes, we can’t grow them fast enough,” says Professor Indraneel Chakraborty, Chair of the Finance Department. “The quality of the students involved is growing, too, and our STEM-related programs are becoming more and more selective.”

This growth, in turn, makes it easier for Miami Herbert to enlist the aid of employer partners who come in and give free lectures about how their firms utilize AI. “Our industry partners also engage with the students to make sure they are aligned with industry expectations,” he says. A Wharton School graduate, he joined Miami Herbert in 2015 after working with Citibank. 

Professors Daniel McGibney and Cong Shi, Co-Directors of the School’s Master of Science in Business Analytics, have a similar story. As Co-Directors of the STEM-certified program, they have been prepping students to work with AI since 2016. “Our department and our degree are definitely at the forefront of what’s going on in data science and analytics,” they say. “Our curriculum is sort of a mix between computer science, statistics and business, and we’ve put a great deal of effort into updating the curriculum each year to stay relevant. It’s an exciting time to be in this field.”

Their team has arranged for an employee of a major accounting firm to teach five AI-focused workshops to students. “The idea is to bring in someone from the industry who can teach a new and modern topic that we don’t have in the curriculum yet,” they say. Professor Tie Su, STEM-certified Master of Science in Finance Program Director, agrees: “Students here get great industry exposure, as well as a great curriculum.”

On the healthcare front, over the next 8 years, healthcare is projected to grow from 17.4% to 20% of the U.S. economy, making the school an indispensable stop for healthcare clinicians, business executives, policymakers and those passionate about healthcare, all seeking to stay ahead of the curve. The illustrious faculty includes Alex Azar, former U.S. Secretary of Health & Human Services, who shares his nuanced grasp of healthcare’s impact on business during a Healthcare Policy class he teaches. 

“Our MBA is unique in that it is primarily healthcare-oriented with a business focus,” says Professor Steven Ullmann, the Academic Director of the Executive MBA in Health Management & Policy. “We are one of only a handful of programs — I can count them on one hand — that boast quadruple accreditation, AMBA, EQUIS, the Association to Advance Collegiate Schools of Business (AACSB), and from the Commission on the Accreditation of Healthcare Management Education (CAHME).”

As more physicians and nurses find themselves needing assistance to navigate the regulatory, legal and financial labyrinth of modern healthcare, Miami Herbert is ready with an Executive MBA in Health Management & Policy and Master of Health Administration programs. “In 1979, if I had one clinician seek a healthcare-related Master’s Degree, that was a lot,” says Ullmann. “Now, I would say roughly half of the students are clinicians. The others in the program are in a variety of areas in healthcare, such as the insurance sector and the hospital sector.”

The 21-month Executive MBA in Health Management & Policy is one of the oldest programs of its type in the nation, giving graduates the ability to plug into an accomplished network of alumni that’s more than 1,000 people strong. “I’m very proud of our cohort, and I think they’re very representative of the Miami population at large,” says Danielle Ellerbe, Academic Director of the Master of Health Administration Program, a 10-month program. “It’s about 50% male, 50% female and 50% working students. Additionally, about 50% are internationally born or first-generation. That makeup lends itself in an incredibly effective way to learn from a variety of perspectives, both professionally and personally.”

With all these intriguing new options, let’s not forget the innovative full-time MBA and additional Specialized Master’s programs that the school is famous for. With full-time, part-time, online, and executive options, all of the Miami MBA degrees are designed to be unparalleled opportunities for students and businesspeople to invest in themselves, level up their leadership skills, and boost their careers. In addition to specialized Master’s that allow student to earn their degree, in some cases in less than a year, in STEM-Designated Accountancy, Business Analytics, Finance, Taxation and Sustainable Business, there are Master’s programs in International Business, Leadership, and Health Administration. There is something for everyone who is passionate about making their mark on the world;