Throughout the markets of Nassau, the villages of Eleuthera, the gardens of Freeport—there
are Hurricanes. Miami Hurricanes, that is. Of the 110 countries from which the
University recruits its international students, the Bahamas claims more UM alumni
than any other single region.
While proximity and similar weather
make the University a logical choice for Bahamians,
another reason is the School of Business Administration’s
Saturday M.B.A. Program in Nassau. Designed for working
professionals, the two-year program holds classes on
Saturdays in Nassau, taught by UM faculty. Entrepreneurship
is growing in the Bahamas, and many of the 600-plus
Bahamians who earned M.B.A. degrees from the program
since its 1976 launch have parlayed their education
into success.
Even as a child, Earla Bethel, B.B.A. ’76,
M.B.A. ’96, dreamed of owning her own business.
She was born in Eleuthera, where her father owned a
construction business, and her mother owned a mom-and-pop
grocery store.
“Both parents took a risk to be
able to control their own destiny,” Bethel says. “I
thought, if they could do it with limited education,
I could certainly do it with all the resources I had.”
After finishing undergraduate studies
at the University of Miami, returning to the Bahamas,
and working for 15 years at Coca-Cola’s Caribbean
Bottling Ltd., where she served as vice president of
finances, she decided to go back to school. Carleton
Williams, M.B.A. ’78, Caribbean Bottling’s
chairman of the board, told Bethel: “If you do
the executive M.B.A. program at the University of Miami,
you will find it nothing short of rewarding.” Williams
then proposed that Bethel take over his McDonald’s
franchise business.
Today Bethel owns DanBrad Ltd. (named
for her two children, Danielle and Brad), the holding
company for all McDonald’s restaurants in Nassau.
McDonald’s lists her three franchises among its
ten most profitable worldwide.
Tourism and offshore banking are the
largest industries in the Bahamas, and many UM alumni
work in these sectors. Wendy Wong, M.B.A. ’96,
has been working for 20 years as the club secretary/administrator
at Lyford Cay Club, an exclusive country club on the
Island of New Providence.
“The M.B.A., one of my proudest
accomplishments, has given me credibility among my
employers and the highbrow clientele of this organization,” Wong
says.
Charles Klonaris, B.B.A. ’65—whose
brothers Anthony, B.S.E.E. ’60, and John, B.S. ’68,
M.D. ’72, and daughter Kally, B.Arch. ’00,
also graduated from UM—runs a well-known shoe
business with his father in Nassau. Klonaris is chair
of the Nassau Tourism Development Board, which is creating
a framework to support businesses in the city.
“The quality and standard of living
for the average Bahamian has risen so much,” Klonaris
says. “Now there is a very large middle class
that wants to get involved as entrepreneurs, not just
employees.”
Known for its paradisaic lifestyle,
the Bahamas is full of opportunity for an increasingly
educated population. Certainly University of Miami
alumni will continue to play an important role. |