The University of Miami's School of Business Administration has announced that, beginning this year, it will launch its first fully-online MBA program.
The MBA will be the third online program offered by the school; it also offers master's programs in finance and accounting.
The online MBA will be taught by the same professors who teach on the school's Businessweek-ranked full-time MBA program, and it will take two years to complete. The core curriculum will cover a variety of general business topics, with classes like "Essentials of Economic Theory," "Statistical Analysis for Managerial Decision Making," and "Fundamentals of Finance, Accounting & Economics," among others.
The program will also include one elective class. The elective can either be taken online, or by attending a one-week residency session on the school's campus in Coral Gables, Florida. Attending the residency is "strongly recommended," according to the program's webpage.
Incoming online MBA students will also have the opportunity to attend an orientation weekend on the school's campus, where they will be able to meet with school faculty and ask questions. If students are unable to attend this, they will have the opportunity to participate in an online alternative.
Miami joins a growing number of US-based business schools that are venturing into the online MBA territory. In the first half of this year, at least five internationally-accredited US business schools—including American University's Kogod School of Business, William & Mary's Mason School of Business, and the University of Southern California's Marshall School of Business—have announced new online MBA programs. Another Florida school, Florida State University's College of Business, also announced earlier this year that it would launch an online MBA in the hospitality space.
Florida is becoming particularly competitive in terms of the number of high-quality online MBA programs offered in the state. Various online MBA programs are offered by a number of other schools in the state, including Florida International University and the University of Florida's Warrington College of Business Administration. Both of those schools are currently ranked in the Online MBA Ranking from the Financial Times.
Miami's new online MBA will feature intakes in January, May, and September. A GMAT score is required to apply for the program, but this can be waived for "qualified applicants with appropriate academic and professional experience," according to the program's webpage.
The total cost of the new program is estimated to be $77,700.
For more information, please see the University of Miami's online MBA program webpage.