University of Miami
Coral Gables, FL 33146 — Private Nonprofit
Value Score: 70/100 | ROI Score: -70 | Affordability Score: 35/100
Tuition (In-State): $62,616 | Out-of-State: $62,616
Acceptance Rate: 18.9% | Graduation Rate: 84.0% | Retention Rate: 93.8%
Median Earnings (10yr): $75,328 | Median Debt: $17,500
SAT Average: 1415 | ACT Midpoint: 32
Student Body Size: 12,913 (large)
Pell Grant Recipients: 14.9% | Federal Loan Rate: 26.6%
Average Faculty Salary: $16,043/month
Tuition & Affordability Analysis
In-state tuition at University of Miami is $62,616 per year, which is 59% above the national average for private institutions.
Out-of-state students pay $62,616/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $250,464 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at University of Miami:
- Families earning $0–$30,000: $15,978/year
- Families earning $30,001–$48,000: $17,941/year
- Families earning $48,001–$75,000: $21,768/year
- Families earning $75,001–$110,000: $27,982/year
- Families earning $110,000+: $50,352/year
Low-income families receive an average discount of $46,638/year, paying just 26% of the sticker price.
Admissions Snapshot
University of Miami has an acceptance rate of 18.9%, placing it in the Highly Selective (10–20%) category. This means roughly 17,081 students apply each year.
With an acceptance rate under 20%, University of Miami is among the most competitive institutions in the country. Strong academics, extracurriculars, and compelling essays are essential.
The average SAT score of admitted students is 1415, 33% above the national average. This places University of Miami among the top-tier institutions for academic preparedness.
The ACT midpoint is 32, 52% above the national average.
Graduate Outcomes & Return on Investment
84.0% of students at University of Miami complete their degree, 35% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 93.8% (16% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of University of Miami earn a median salary of $75,328 ten years after enrollment, 84% above the national average. This represents a $40,328/year earnings premium over the average high school diploma holder, or $1,209,840 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $17,500, 19% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $190/month, with a total repayment of $22,800 (including $5,300 in interest).
Debt-to-Earnings Ratio: 0.23x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from University of Miami pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
14.9% of students at University of Miami receive Pell Grants (federal need-based aid for families earning under ~$60,000), 55% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
26.6% of students take federal loans, 44% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.
Average faculty salary: $16,043/month, 84% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
University of Miami enrolls 12,913 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 70/100 (higher = more diverse). University of Miami has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 49%, Hispanic 24%, Black 7%, Asian 5%.
University of Miami: Strong Academic Performance with High Tuition Costs
- Miami's Elite Education: Unlocking Global Opportunities and High-Earning Careers
- Beyond the Beach: Is a University of Miami Degree Worth the Investment?
- The U Experience: Sun, Success, and a Strong Start for Your Career
Report Card: Overall Grade C
University of Miami receives an overall grade of C based on six dimensions:
- Academics: A
- Value: F
- Outcomes: B+
- Affordability: D
College Analysis
University of Miami is a Private Nonprofit institution in Coral Gables, FL with approximately 12,913 students. Academics: Strong with a high graduation rate and median earnings after 10 years. Value: High tuition with moderate affordability score, making it less cost-effective. Outcomes: Excellent career outcomes with a high median earnings rate, but high student debt.
The Verdict: Is University of Miami Worth It?
The University of Miami presents a complex value proposition. With an out-of-state tuition of $62,616 and a median 10-year earning of $75,328, the immediate return on investment appears modest, especially when factoring in living expenses and potential student debt. The median debt of $17,500 is relatively low compared to the tuition cost, which is a positive sign. However, the ROI score of -70 suggests that, on average, graduates may not recoup their investment quickly through salary alone, especially in the first decade. This indicates that the 'value' of a UM degree might lie more in the network, prestige, and long-term career trajectory rather than immediate salary gains. For students who can secure significant financial aid or scholarships, or who pursue high-earning fields like specialized medicine or finance, the value proposition improves considerably. For the average student, however, the sticker price is high, and the median earnings suggest a long payoff timeline, potentially exceeding 10 years to break even on tuition alone. Recommendation: UM is a strong choice for students seeking a vibrant campus experience, a strong network in South Florida and beyond, and access to specific high-demand industries, provided they can mitigate the high cost through aid or have a clear, high-earning career path. It is not a straightforward 'good deal' based on median earnings alone.
Return on Investment
Despite strong academic and career outcomes, the high tuition and student debt make the degree less cost-effective compared to more affordable options.
Debt Reality Check
Median student debt at University of Miami: $17,500. Monthly payment on a standard 10-year plan: $199/month. Total repaid: $23,880 ($6,380 in interest).
Breakeven vs high school diploma: 0.4 years. Debt burden: Low. Salary needed for comfortable repayment: $23,880.
Strengths
- Strong academic programs and high graduation rates.
- Excellent career outcomes with high median earnings.
Weaknesses
- High tuition costs and moderate affordability score.
- Significant student debt upon graduation.
Academic Profile
SAT Average: 1415. ACT Midpoint: 32. Retention Rate: 93.8%.
The University of Miami offers a robust academic experience, particularly strong in areas that leverage its unique location and global outlook. The School of Business Administration is highly regarded, known for its innovative programs and strong ties to the international business community. The Leonard M. Miller School of Medicine is a significant research powerhouse, attracting top-tier faculty and offering unparalleled opportunities for pre-med students. Other notable departments include the Rosenstiel School of Marine and Atmospheric Science, capitalizing on Miami's coastal environment, and the School of Architecture, which benefits from the region's distinctive architectural landscape. With an 18.9% admission rate, UM attracts academically driven students, and the faculty, while specific salary data isn't publicly available, are generally recognized as leaders in their fields, fostering a challenging yet supportive academic environment. Research opportunities are plentiful, with many undergraduates encouraged to engage in faculty-led projects, particularly within the medical and marine science schools. The University's Honors Program provides a more intensive academic experience for high-achieving students, offering smaller class sizes and enriched coursework. UM also boasts a strong commitment to study abroad, with numerous programs available worldwide, allowing students to gain global perspectives. Academic support is readily available through tutoring services, writing centers, and dedicated academic advisors within each school.
Financial Aid Guide for University of Miami
Pell Grant recipients: 14.9%. Students taking federal loans: 26.6%.
Navigating financial aid at the University of Miami requires a strategic approach, as it's a private institution with a significant sticker price. UM offers a combination of merit-based scholarships and need-based aid. Merit scholarships are often awarded automatically based on academic achievement (GPA, rigor of coursework) and can range from partial tuition waivers to significant portions of the cost of attendance. For instance, top academic scholarships might approach $25,000-$30,000 annually. Need-based aid is determined by the FAFSA and CSS Profile, considering family income and assets. For families with an Expected Family Contribution (EFC) below $10,000, need-based grants and federal loans could cover a substantial portion of the remaining costs after merit aid. Work-study opportunities are also available, providing students with on-campus jobs to help fund their education, typically offering around $2,000-$3,000 per academic year. Typical aid packages for students from families earning between $75,000-$150,000 might include a mix of merit scholarships and federal loans, potentially reducing the net cost to $40,000-$50,000 annually. For lower-income families (under $50,000), UM aims to meet a larger percentage of demonstrated need, potentially bringing the net cost down significantly, though often still requiring federal loans. Scholarship tips include applying early, highlighting unique achievements and leadership roles in essays, and researching external scholarships aggressively. Negotiating aid at UM is possible, especially if you have competing offers from similarly ranked institutions, but it's generally more effective for merit aid than need-based grants.
Hidden Costs at University of Miami
- Room and Board: On-campus housing and meal plans can add an estimated $18,000 - $22,000 per academic year.
- Textbooks and Supplies: Budget approximately $1,000 - $1,500 annually for course materials.
- Transportation: Depending on personal needs and travel habits, local transportation, flights home, or a car can cost $500 - $3,000+ per year.
- Personal Expenses: Allow $1,500 - $3,000 for clothing, entertainment, and other personal items.
- Technology Fee: A mandatory university technology fee can range from $200 - $400 per semester.
- Health Insurance: If not covered by a parent's plan, the university's student health insurance can cost around $2,000 - $3,000 annually.
Alumni Outcomes & Career Paths
Graduates from the University of Miami (UM) are positioned for diverse career paths, benefiting from a strong alumni network and a location in a major economic hub. Major employers actively recruiting UM talent include Deloitte, EY, PwC, Accenture, and Amazon, particularly for business, technology, and consulting roles. The finance sector also heavily recruits from UM, with firms like JPMorgan Chase, Morgan Stanley, and Bank of America establishing a presence. Healthcare is another significant industry, with institutions like Baptist Health South Florida and Cleveland Clinic Florida being key employers. UM alumni tend to cluster in industries such as finance, healthcare, technology, consulting, and entertainment, reflecting the strengths of its academic programs and the regional economy. Graduate school placement rates are robust, with many students pursuing advanced degrees in law, medicine, and business at top-tier institutions. Notable alumni include Dwayne 'The Rock' Johnson (Entertainment), Kathrine Switzer (Activism/Sports), and numerous leaders in business and politics. The university's career services are generally well-regarded, offering robust internship placement support. Key internship pipelines exist with companies like NBCUniversal, ViacomCBS, and various local and national healthcare systems. Geographic hiring patterns show a strong concentration of alumni in Florida, particularly the Miami metropolitan area, but also significant placements in major East Coast cities like New York City, Atlanta, and Washington D.C., as well as growing numbers in tech hubs like California.
Campus Life & Culture at University of Miami
The University of Miami attracts a diverse and globally-minded student body, with a significant percentage of students coming from outside Florida and internationally. Students who thrive here are typically ambitious, socially engaged, and eager to embrace the vibrant Miami lifestyle while pursuing rigorous academic goals. The university fosters an environment where students are encouraged to explore diverse perspectives and contribute to a dynamic campus community.
The University of Miami, affectionately known as 'The U,' pulses with a vibrant, energetic spirit that mirrors its South Florida location. The campus in Coral Gables is a picturesque Mediterranean-inspired oasis, complete with palm trees, red-tiled roofs, and iconic landmarks like the Richter Library and the Watsco Center. Social life here is dynamic and diverse, with students often found enjoying the sunshine at the University Green, exploring the lively dining scene on the Gables campus, or venturing into the surrounding neighborhoods of Coral Gables, Coconut Grove, and South Beach. The 'U' is renowned for its strong school spirit, particularly around its powerhouse athletics programs, especially football. Game days are a major event, with the entire campus and surrounding community buzzing with excitement. Beyond athletics, student organizations are abundant, covering everything from academic clubs and cultural groups to service organizations and recreational sports. Greek life is present and active, offering another avenue for social engagement and community building for a significant portion of the student body. Housing is guaranteed for freshmen and available for upperclassmen, with options ranging from traditional dorms to apartment-style living, many featuring stunning views or convenient campus access. Meal plans are designed to be flexible, offering a variety of dining halls and retail locations across campus, ensuring students can find something to suit their tastes. The overall vibe is one of ambition, social engagement, and a desire to make the most of the Miami experience, blending rigorous academics with a lively, sun-drenched lifestyle.
Campus Highlights
- The iconic 'U' statue, a central gathering spot and photo opportunity.
- The vibrant student life fueled by Miami's energetic culture and proximity to beaches.
- The 'Canes' football tradition, with game days being a major campus event.
- The stunning Mediterranean-inspired architecture and lush landscaping of the Coral Gables campus.
- The diverse student body, attracting individuals from across the U.S. and over 100 countries.
- The strong emphasis on research opportunities, particularly in marine science and medicine.
- The 'U-Beyond' initiative, encouraging global experiences through study abroad and international internships.
Location & Regional Advantages
The University of Miami's location in Coral Gables, Florida, offers significant geographic advantages. Situated within the vibrant Miami metropolitan area, students gain access to a dynamic and growing job market. Miami is a major international trade and finance center, with a burgeoning tech scene and a strong presence in healthcare, hospitality, and entertainment. This proximity to diverse industries provides ample opportunities for internships and post-graduation employment. The cost of living in Miami is higher than the national average, particularly for housing, which is a factor to consider against potential earnings. However, the city's status as a gateway to Latin America and its global connectivity offer unique career advantages, especially for those interested in international business or relations. The quality of life in South Florida is a major draw, with its renowned beaches, warm climate year-round, and rich cultural tapestry. While urban areas can present safety concerns, Coral Gables itself is a relatively safe and affluent community, and the university maintains a secure campus environment. The weather is a significant lifestyle benefit, attracting students and professionals alike. This combination of a robust local economy, international influence, and desirable lifestyle makes Miami a compelling location for career development and personal enrichment.
How to Get Into University of Miami
Gaining admission to the University of Miami, with its highly selective 18.9% acceptance rate, requires a compelling and well-rounded application. While UM does not offer Early Decision (ED), it does have Early Action (EA), which can be advantageous for demonstrating strong interest and receiving an earlier notification. The admissions committee values academic excellence, demonstrated leadership, unique talents, and a genuine connection to the university's mission and values. Successful applicants typically present a GPA well above a 3.7, often in the 3.9-4.0 range, with a rigorous course load including AP or IB classes. While SAT/ACT scores are not currently required, if submitted, strong scores (e.g., SAT 1350-1450, ACT 30-33) would bolster an application. Essays are crucial; focus on topics that showcase your personality, resilience, intellectual curiosity, and how you will contribute to the UM community. Avoid generic topics and instead share specific experiences that reveal your character. Demonstrated interest is considered, so engaging with UM through campus visits (virtual or in-person), attending information sessions, and thoughtful communication with the admissions office can be beneficial. The application timeline is key: aim to submit your EA application by November 1st and your Regular Decision application by January 15th to maximize your chances.
How University of Miami Compares to Similar Schools
Similar schools: University of Florida, Florida State University, Boston University, Tulane University
Advantages
- Stronger international focus and connections, particularly with Latin America.
- More prestigious reputation in certain high-demand fields like business and hospitality.
- Vibrant, urban campus experience in a major international city.
Disadvantages
- Significantly higher tuition costs compared to public Florida counterparts.
- Lower overall national rankings compared to some other private peers.
- Potentially less robust alumni network in certain non-Florida geographic regions compared to larger public universities.
Best For
- Highly motivated students seeking a prestigious private university with strong academic and career outcomes.
- Students willing to invest in a high-quality education despite high tuition costs.
Avoid If
- Students on a tight budget looking for more affordable options.
- Students seeking lower-cost alternatives with similar academic quality.
Frequently Asked Questions about University of Miami
How much does it cost to attend University of Miami?
In-state tuition at University of Miami is $62,616 per year, and out-of-state tuition is $62,616 per year. The median student debt at graduation is $17,500.
What is the acceptance rate at University of Miami?
University of Miami has an acceptance rate of 18.9%.
What is the graduation rate at University of Miami?
University of Miami has a graduation rate of 84.0%.
How much do University of Miami graduates earn?
The median earnings for University of Miami graduates 10 years after enrollment is $75,328. With median debt of $17,500, graduates earn roughly 4.3x their debt level annually.
How big is University of Miami?
University of Miami has approximately 12,913 students and is classified as a large institution. It is located in Coral Gables, FL and is a Private Nonprofit institution.
Is University of Miami worth the cost?
University of Miami has an ROI score of -70 out of 100. With in-state tuition of $62,616 per year and median post-graduation earnings of $75,328, the data suggests the return on investment may be below average.
Where is University of Miami located?
University of Miami is located in Coral Gables, FL. It is a Private Nonprofit institution with approximately 12,913 students.
How much student debt do University of Miami graduates have?
The median student debt for University of Miami graduates is $17,500. With median earnings of $75,328 ten years after enrollment, graduates can expect a debt-to-income ratio of 23%.
Is University of Miami a good college?
University of Miami has a graduation rate of 84.0% and median post-graduation earnings of $75,328. Highly selective with an 18.9% admission rate.
How does University of Miami compare to similar colleges?
Diverse student body with a significant Hispanic population. Compared to peer institutions, University of Miami offers strong academic and career outcomes but at a high cost, making it less cost-effective.
What career prospects do University of Miami graduates have?
Graduates from University of Miami are well-positioned for high-paying careers, making it ideal for ambitious professionals.
What should prospective students know about University of Miami?
University of Miami holds a strong market position in providing quality education and career opportunities, but its high tuition may limit accessibility.
What makes University of Miami stand out?
Above-average median earnings 10 years post-graduation.
What are the pros and cons of attending University of Miami?
Moderately affordable with a low affordability score.
Explore More
Colleges in Florida
Browse all colleges in Florida
Similar Schools
College Rankings
Research Tools
H-1B Visa Salary Data
- H-1B Salaries in Florida — Visa sponsorship salary data for Florida
- Top H-1B Sponsors — Companies sponsoring work visas
- H-1B Salary Calculator
Visit University of Miami official website
View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.