Tuition & Financial Information
The following list of charges is effective for the 2015-2016 academic year. The Full-Time MBA Program requires a completion of 56 credit hours, however, students will pay a total of 48 credits (12 credits per semester) for the entire program. The cost per credit hour and additional university fees for the 2016-2017 academic year have not yet been determined. The University reserves the right to change tuition and fees or any other charges anytime.
Estimated expenses for the Fulltime MBA – FY 2015-2016
Per Academic Year
|Tuition: $1,850 per credit hour||$22,200||$44,400|
|Health Insurance (Annual Premium)*||$2,467|
|Housing & Meals**||$5,194||$10,387|
|Total Cost of Attendance:||$32,294||$67,052|
*Health Insurance: All students are required to obtain adequate health insurance. The annual premium for health insurance plan offered through Student Health Service and is added to each student’s fees. Domestic students with adequate alternative coverage may request cancellation of the insurance fee via MyUM. All international students are required to enroll in the University sponsored health insurance program. For more information, contact the Student Health Service at firstname.lastname@example.org or (305) 284-1652.
Estimated expenses for the Fulltime MBA – FY 2016-2017: Not yet determine and expected to be released April 2016.
|Summer Living Expenses||$4,679|
*Upon admission, a non-refundable $2,000 enrollment fee is required to reserve your seat in the program.
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Graduate Business School Scholarships
There are a limited number of merit-based Graduate Business School Scholarships which are awarded at the time of admission to qualified full-time students entering in the Fall semester. Awards are based on academic achievements, quality of work experience, and a competitive score on the GMAT. Awards are limited and applicants are encouraged to apply early for consideration. Typically, a Graduate Business School Scholarships covers up to 75% of tuition for graduate business credits required for the student's degree. Graduate Business School Scholars' academic progress is reviewed on a semester basis. Graduate Business School Scholarships are not automatically renewed.
Fellowships and Donor Scholarships
There are a limited number of Fellowships and Donor Scholarships which are awarded by Graduate Business Programs to applicants with outstanding academic credentials. Any applicant who wishes to be considered for a Graduate Business School Scholarship, Fellowship, or Donor Scholarship should indicate this in the space provided on the application. Awards are available to domestic and international students.
Several endowed scholarships are made available to incoming graduate business students on a one-time basis through the generosity of alumni and friends of the University of Miami School of Business Administration. These donor scholarships are for the purpose of recruiting students of high academic merit. The total number and amount of scholarship awards vary from year to year.
Scholarships will be awarded based on the recommendations of the Faculty Admissions Committee on a first come, first served basis. Since the number of scholarships is limited, students who meet the minimum criteria are not guaranteed a donor scholarship award.
- Emery Means Findley, Jr. Endowed Graduate Fellowships in Business is awarded to outstanding candidates in graduate business programs.
- Jack R. Borsting Graduate Scholarship Endowment is awarded to an outstanding candidate enrolled in a master's level business degree.
- NSHMBA (National Society of Hispanic MBAs) University Partnership Program Scholarship is awarded to applicants that demonstrate a commitment to the Hispanic community. Applicants for this award must be a United States Citizen or Legal Permanent Resident.
* A student is ineligible for financial awards if he/she receives tuition benefits from the University of Miami or has accepted any assistantship, scholarship, grant or fellowship from Graduate Business Programs in addition to the offer. This includes employees, their spouses and their dependents.
Office of Student Accounts Services
The Office of Student Account Services processes all financial information of a student's account during their enrollment at the University of Miami. Staff members are available to assist and answer inquiries by phone (305) 284-6430 Option 5, email (email@example.com), or in person.
Student Account Services will be able to guide you on the following:
- Payment Options
- Tuition and Fees Statement
- Student Loan Disbursements
- Third party disbursements
- Direct Deposit
- Exit Counseling
Statement of Financial Responsibility
(For Form I-20)
All international students who require a student visa (F-1) must submit a bank verification statement or an official letter of sponsorship in English from their government or agency. The bank verification must include the student’s name and relationship to the sponsor, if other than the student, and verify that there are sufficient funds to cover the estimated expenses of two semesters of graduate studies listed on the enclosed estimated expense sheet. It is imperative that you begin this process immediately, due to the lengthy INS procedures involved.
If you wish to include your family, we will require the following: 1) in the bank verification or letter of sponsorship, list each family member’s name, date of birth, country of citizenship and relationship to you, and 2) financial support of $13,124 for your spouse or first dependent and $4,973 for each child per year.
The Certificate of Eligibility (I-20 Form) will be issued only once the above documentation is on file and the required deposit has been received to reserve your place in the program. The bank verification or sponsorship letter must be dated no more than 6 months prior to enrollment.
If you have any questions please feel free to contact us at (305) 284-2510 or email firstname.lastname@example.org.
International Student and Scholar Services
The Department of International Student and Scholar Services (ISSS) represents the needs and interests of the University of Miami international community and provides support services and programs for international students, scholars, observers and academic departments at UM. Every year, approximately 2,725 international students (undergraduate and graduate), scholars (professors and researchers), and observers from more than 110 countries representing every region of the world study, teach, conduct research and observe at the University of Miami.
International students and scholars face some unique challenges as well as opportunities while pursuing their academic goals at UM. The professional and dedicated ISSS staff provides expert advice, services, programs, and information aimed at supporting your educational endeavors and enriching your U.S. experience over the entire course of your stay.
For more information, contact the International Student and Scholar Services directly.