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The University of Miami is a private, non-profit institution of higher education located in Coral Gables, a suburb of Miami, Florida. Students can study in one of 11 possible colleges which offer a total of 180 undergraduate majors and other programs. They also offer a wide range of graduate degrees, including law and medicine. First-year students can kick off degrees in fields such as philosophy, pre-law, pre-medical, education, engineering, or finance, to name a few.
Overview of University of Miami
When they're not hard at work becoming the leaders of tomorrow, students at the University of Miami can recreate themselves in the 120,000 square foot Donna E Shalala Student Center. The Center hosts a variety of events but also features plenty of sofas and nooks where students can study, plan for projects, or simply take a breather between classes. For sports and recreation, U of M students head to the Patti & Allan Herbert Wellness Center.
The Wellness Center is well-equipped with indoor facilities that include a lap pool, a walk/run track, two gymnasiums, cardio and weight machines, and courts for both squash and racquetball. Outside, students enjoy pick-up and scheduled games on the four basketball courts, six tennis courts, and the five intramural playing fields. Non-varsity athletes enjoy a place on the roster of club and intramural sports and the COVID pandemic prompted a new E-sports program that is sure to be very popular.
|School Type||Private not-for-profit|
|Campus Setting||City: Small|
|Student Faculty Ratio||12:1|
|High School GPA||Required|
|High School Rank||Recommended|
|High School Transcripts||Required|
|College Prep Courses||Recommended|
|Formal demonstration of competencies||Considered But Not Required|
|TOEFL (Test of English as a Foreign Language)||Required|
|Application Deadline||January 1|
|Common Application Accepted||Yes|
Tuition Cost & Financial Aid
University of Miami is a private, non-profit university that does not receive direct funding assistance from the State of Florida. Therefore, their tuition rates are perceived as being higher than their public counterparts. The total gross cost for tuition, books, supplies, and fees is around $54,000. When living expenses are added to that figure, students face gross costs between $73,000 for on-campus students and $78,000 for those who live in off-campus houses and apartments.
However, once financial aid is tallied, the net price for a year at Miami drops considerably. The average net price, after scholarships and grants are deducted from the gross price, is around $33,000. The figures tend to rise according to household income and those with the highest incomes see an average net price of only $54,000. These prices may still surpass many public colleges and universities, but Miami delivers such quality education that they still deliver a great educational value.
|Average net price||2018-2019|
|Average Total Aid||$33,931|
|Students Receiving Financial Aid||74%|
|Room & Board||$14,658|
- Tuition In-State - $51,930
- Tuition Out-of-State - $51,930
- Books and Supplies - $1,000
- Room & Board - $14,658
- Other - $3,318
University of Miami is well-known for its academics. However, it's vital for prospective students to make their decisions based on more than hearsay and reputations. For that reason, it's vital to investigate U of M's statistics, including their retention rate and graduation rate. A school's retention rate is a measure of how many first-time, full-time students return to campus for a second year. A high retention is thought to indicate great satisfaction with the school's curriculum, faculty, and facilities.
University of Miami posts very good numbers in this regard. Their retention rate is a staggering 93%. Even the part-time students are very pleased, and 88% of them return for their second year. As for graduation numbers, U of M reports an 83% graduation rate. Thus, nearly all of those first-year friends will still be together when it comes time for the caps and gowns.
There can be many reasons behind these terrific numbers, but it's hard to look past University of Miami's student-to-faculty ratio. For a campus that boasts 11,000 undergraduate students, their 12 to 1 ratio is terrific. With such small classes, students at Miami receive personal, hands-on instruction from some of the best academic minds in the nation.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||551 Total Graduates / 21%|
|Finance, General||225 Graduates|
|Marketing/Marketing Management, General||87 Graduates|
|Business Administration and Management, General||69 Graduates|
|All Biological & Biomedical Majors||357 Total Graduates / 14%|
|Biology/Biological Sciences, General||122 Graduates|
|Marine Biology and Biological Oceanography||56 Graduates|
|Exercise Physiology||50 Graduates|
|Health Professions and Related Programs||336 Total Graduates / 13%|
|Registered Nursing/Registered Nurse||213 Graduates|
|Public Health/Community Nurse/Nursing||48 Graduates|
|Health Services/Allied Health/Health Sciences, General||46 Graduates|
|Health/Health Care Administration/Management||14 Graduates|
|All Engineering Majors||252 Total Graduates / 10%|
|Industrial Engineering||64 Graduates|
|Bioengineering and Biomedical Engineering||56 Graduates|
|Mechanical Engineering||32 Graduates|
|Architectural Engineering||21 Graduates|
|All Social Sciences Majors||247 Total Graduates / 9%|
|Economics, General||103 Graduates|
|Political Science and Government, General||66 Graduates|
|International Relations and Affairs||21 Graduates|
|All Other Diplomas||34%|
Outcome & Salary
University of Miami's current and future students are all interested to know how their educational investment will pay off in the future. Given that UM delivers first-rate academics and other enrichment opportunities, graduates kick off their careers in fantastic shape. Of the top-earning alumni, the computer science students lead the pack. Their median earnings are reported to be $78,000. At the lower end, University of Miami industrial engineers kick off their careers with median salaries just over $65,000. The registered nurses earn slightly more, but still in the ballpark of $65,000.
|College Grads Early Career Salary||$60,600|
|College Grads Average Salary||$72,287|
|College Grads Mid Career Salary||$108,600|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$722,870|
|20 Year Salary Earnings Potential||$1,808,870|
|Cost of Education (Net Price) 4 Year||$132,408|
|10 Year Projected ROI||$590,462|
|20 Year Projected ROI||$1,676,462|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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