University of Miami

www.miami.edu

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2023 Undergraduate Tuition

$58,104

4.81% growth from 2022

2023 Average Net Price

$41,028

After Financial Aid

2020 Default Rate

0.0421%

on Student Loans

2023 Acceptance Rate

18.5%

48,286 Applicants

2023 Enrolled Students

19,593

93.8% Full-Time

2023 Graduation Rate

84.2%

1,838 Graduates

About

University of Miami is a higher education institution located in Miami-Dade County, FL. In 2023, the most popular Professional Doctorate concentrations at University of Miami were Law (391 degrees awarded), Medicine (211 degrees), and Physical Therapy (62 degrees).

In 2023, 6,048 degrees were awarded across all undergraduate and graduate programs at University of Miami. 56.3% of these degrees were awarded to women, and 43.7% awarded men. The most common race/ethnicity group of degree recipients was white (2,309 degrees), 1.46 times more than then the next closest race/ethnicity group, hispanic or latino (1,580 degrees).

The median undergraduate tuition at University of Miami is $58,104, which is $27,101 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at University of Miami was 0.0421%, corresponding to 1 out of the 2,373 total borrowers.

Photo by Chad Cooper

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at University of Miami is $58,104, which is $27,101 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $41,028.

In 2023, 69% of undergraduate students attending University of Miami received financial aid through grants. Comparatively, 27% of undergraduate students received financial aid through loans.

Tuition Costs

$58,104

2023 Undergraduate Tuition

In 2023, the cost of tuition at University of Miami was $58,104. The cost of tuition at University of Miami is $27,101 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of University of Miami (in red) with those of other similar universities.

Average Net Price

$41,028

2023 Value

12.5%

1 Year Growth

In 2023 University of Miami had an average net price — the price paid after factoring in grants and loans — of $41,028. Between 2022 and 2023, the average net price of University of Miami grew by 12.5%.

This chart compares the average net price of University of Miami (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$19,030

Room and Board

$1,070

Books and Supplies

The average yearly cost of room and board at University of Miami was of $19,030 in 2023. The cost of room and board increased by 5.6% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,070. The cost of books and supplies increased by 7% during the same period.

This chart compares the average student costs at University of Miami (in red) with that of similar universities.

Financial Aid by Income Level

69%

Undergraduates Receiving Financial Aid through Grants

27%

Undergraduates Receiving Financial Aid through Loans

69% of undergraduate students at University of Miami received financial aid through grants or loans in 2023. This represents a growth of 1.47% with respect to 2022, when 68% of undergraduate students received financial aid.

This chart compares the average award discount at University of Miami (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.0421%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at University of Miami was 0.0421%, which represents 1 out of the 2373 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

University of Miami received 48,286 undergraduate applications in 2023, which represents a 1.8% annual growth. Out of those 48,286 applicants, 8,940 students were accepted for enrollment, representing a 18.5% acceptance rate.

There were 19,593 students enrolled at University of Miami in 2023. 32% of first-time enrollees submitted SAT scores with their applications.

University of Miami has an overall enrollment yield of 26%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

18.5%

Acceptance Rate in 2023

8,940

Accepted Out of 48,286

In 2023, the undergraduate acceptance rate of University of Miami was 18.5% (8,940 admissions from 48,286 applications). This is lower than the acceptance rate of 2022, which was 18.9%. Between 2022 and 2023, the number of applicants declined by 1.8%, while admissions declined by 3.99%.

This chart compares the acceptance rate of University of Miami (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

32%

Submission Percentage (2023)

735

Scores Submitted (2023)

32% of enrolled first-time students at University of Miami in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

University of Miami had a total enrollment of 19,593 students in 2023. The full-time enrollment at University of Miami is 18,388 students and the part-time enrollment is 1,205. This means that 93.8% of students enrolled at University of Miami are enrolled full-time.

The enrolled student population at University of Miami, both undergraduate and graduate, is 42.8% White, 24.5% Hispanic or Latino, 8.47% Black or African American, 4.89% Asian, 3.66% Two or More Races, 0.23% Native Hawaiian or Other Pacific Islanders, and 0.102% American Indian or Alaska Native.

Students enrolled at University of Miami in full-time Undergraduate programs are most commonly White Female (24.7%), followed by White Male (23.4%) and Hispanic or Latino Female (13.2%). Students enrolled in full-time Graduate programs are most commonly White Female (19%), followed by White Male (15.7%) and Hispanic or Latino Female (14.7%).

Full-Time vs Part-Time Enrollment

93.8%

Full-Time Enrollment

The total enrollment at University of Miami in 2023, both undergraduate and graduate, is 19,593 students. The full-time enrollment at University of Miami is 18,388 and the part-time enrollment is 1,205. This means that 93.8% of students enrolled at University of Miami are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at University of Miami (in red) compares to similar universities.

Retention Rate over Time

92%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Miami was 92%. Compared with the full-time retention rate at similar Doctoral Universities (84%), University of Miami had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Miami (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
8,390 enrolled students
Hispanic or Latino
4,795 enrolled students
Black or African American
1,660 enrolled students

The enrolled student population at University of Miami is 42.8% White, 24.5% Hispanic or Latino, 8.47% Black or African American, 4.89% Asian, 3.66% Two or More Races, 0.23% Native Hawaiian or Other Pacific Islanders, and 0.102% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 780 students (3.98%) did not report their race.

Graduates

In 2023, 758 more women than men received degrees from University of Miami. The most common race/ethnicity group of degree recipients at University of Miami is white (2,309 degrees awarded). There were 1.46 times more white recipients than the next closest race/ethnicity group, hispanic or latino (1,580 degrees).

The most common Professional Doctorate concentration at University of Miami is Law (391 degrees awarded), followed by Medicine (211 degrees) and Physical Therapy (62 degrees).

In 2023, the most specialized majors across all degree types at University of Miami, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (583 degrees awarded), Architecture and Related Services (118 degrees), and Natural Resources & Conservation (180 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Miami are Physicians (395,415 people), Other managers (267,955 people), Postsecondary teachers (146,104 people), Elementary & middle school teachers (128,444 people), and Other Physical Scientists (118,495 people).

The most specialized majors at University of Miami in 2023 are Legal (583 degrees awarded), Architecture and Related Services (118 degrees), Natural Resources & Conservation (180 degrees), Biology (650 degrees), and Communications (281 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Miami are Surgeons, Physicians, Securities, commodities, & financial services sales agents, Chief executives & legislators, and Legal support workers, all other

The most specialized majors at University of Miami are Legal (583 degrees awarded), Architecture and Related Services (118 degrees), Natural Resources & Conservation (180 degrees), Biology (650 degrees), and Communications (281 degrees) (as of 2023).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Miami are Colleges, universities & professional schools, including junior colleges (565,166 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (559,086 people), Elementary & secondary schools (459,937 people), Computer Systems Design (246,462 people), and Offices of physicians (232,676 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Miami.

Most Common (2023)

Registered Nursing
213 degrees awarded
General Finance
213 degrees awarded
General Psychology
191 degrees awarded

In 2023, the most common bachelors degree concentration at University of Miami was Registered Nursing with 213 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Miami according to their major.

Sex Breakdown for Common Majors

2,645

Degrees Awarded to Men

in 2023

3,403

Degrees Awarded to Women

in 2023

In 2023, 2,645 degrees were awarded to men at University of Miami, which is 0.777 times less than the number of degrees awarded to females (3,403).

This chart displays the sex disparity between the top 5 majors at University of Miami by degrees awarded.

Most Common Male Majors

In 2023, 192 degrees were awarded to men at University of Miami in General Finance, which is 3.43 times more than the 56 female recipients with that same degree.

Most Common Female Majors

In 2023, 209 degrees were awarded to men at University of Miami in Law, which is 1.15 times more than the 182 male recipients with that same degree.

Time to Complete

73%

100% Completion Time

84%

150% Completion Time

In 2023, 73% of students graduating from University of Miami completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 84% completed their degrees within 150% of the normal time, and 84% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at University of Miami is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 4.08% of graduates (75 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
2,309 degrees awarded
Hispanic or Latino
1,580 degrees awarded
Black or African American
527 degrees awarded

The most common race/ethnicity at University of Miami is white (2,309 degrees awarded). There were 1.46 times more white recipients than the next closest race/ethnicity group, hispanic or latino (1,580 degrees).

4.22% of degree recipients (255 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,222 degrees awarded
White Male
1,087 degrees awarded
Hispanic or Latino Female
966 degrees awarded

The most common race/ethnicity and sex grouping at University of Miami is white female (1,222 degrees awarded). There were 1.12 times more white female recipients than the next closest race/ethnicity group, white male (1,087 degrees).

Operations

University of Miami has an endowment valued at nearly $1.37B, as of the end of the 2023 fiscal year. The return on its endowment was of 50.7M (3.72%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, University of Miami had a total salary expenditure of 4.85B. University of Miami employs 379 Professors, 293 Lecturers and 278 Associate professors. Most academics at University of Miami are Male Professor (261), Male Associate professor (168), and Female Lecturer (155).

The most common positions for non-instructional staff at University of Miami are: Management, with 803 employees, Computer, Engineering, and Science, with 736 employees, and Business and Financial Operations with 467 employees.

Endowment

$1.37B

2023 Endowment

1.59%

growth from 2022

University of Miami has an endowment valued at about $1.37B, as of the end of the 2023 fiscal year. The endowment of University of Miami grew 1.59% from the previous year. The value of their endowment was $932M higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Miami (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$327M - Federal
$43.7M - State
$117M - Local

As of 2023, University of Miami received $327M in grants and contracts from the federal government, $43.7M from state grants and contracts, and $117M from local grants and contracts.

Salary Expenditure

$2.06B

2023 Salaries

12.2%

growth from 2022

In 2023, University of Miami paid a median of $2.06B in salaries, which represents 42.4% of their overall expenditure ($4.85B) and a 12.2% growth from the previous year. This is compared to a 13% growth between 2021 and 2022, and a 0.0354% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$150M

Instructional Salaries

1,113

Number of Employees

In 2023, University of Miami paid a total of $150M to 1,113 employees working as instructors, which represents 7.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

379 Employees

Management

Most Common Non-Instructional Employee

803 Employees

In 2023, the most common positions for instructional staff at University of Miami were Professor with 379 employees, Lecturer with 293 employees, and Associate professor with 278 employees.

In 2023, the most common positions for non-instructional staff at University of Miami were Management with 803 employees, Computer, Engineering, and Science with 736 employees, and Business and Financial Operations with 467 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Lecturer

In 2023, the most common demographic for instructional staff at University of Miami was Male Professor with 261 employees, Male Associate professor with 168 employees, and Female Lecturer with 155 employees.

This chart shows the sex split between each academic rank present at University of Miami.

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