The University of Miami took first place at the 2007 National Intercollegiate Ethics Bowl, besting defending champion West Point in the semi-final round and Westminster in the finals. UM's ethics teams were also among the top finishers in competitions in 2008 and 2009.

Conceived and funded by Karl and Tere Schulze, and further supported by philanthropist and businesswoman Adrienne Arsht, the purpose of the annual debates is to heighten students’ awareness of the ethical components of real-life situations and to improve their debating and communications skills.Teams of undergraduate students from the School of Business and across the University of Miami compete by debating various ethical case studies founded in real-life situations.  Faculty and members of the UM Citizens Board serve as judges for the debates.  Each member of the winning team receives a cash prize to donate to the non-profit of their choice.

The debate model is drawn from the national Intercollegiate Ethics Bowl contest, which is held every year in conjunction with the annual meeting of the Association for Practical and Professional Ethics (APPE).