Fundação Getúlio Vargas (FGV): São Paulo

Graduate Global Immersion in Brazil

Program Dates: 

The academic calendar at FGV will differ from the University of Minnesota and all exchange students are expected to be at their host campus on the first day of orientation and through the last day of final exams.

Fall Semester 2015 (2nd Semester):

August 3 - Novemeber 27

Spring Semester 2016 (1st Semester):

February 9 - June 19


FGV: Brazil



Brazilian Skyline

Brazilian Skyline

Sao Paulo

Sao Paulo

Sao Paulo, Brazil

Sao Paulo, Brazil

Location details

São Paulo is a major economic and cultural center of the region. International business in the Latin American context continues to drive innovation as economic and political factors evolve on a daily basis.

Surging growth in international trade with Mexico and Chile challenges U.S. businesses to find new ways to sustain this growth while meeting the diverse demands of these populations. Studying in Brazil, a nation currently among the top 15 U.S. trade partners, will allow you to meet these challenges head-on with a diverse student-peer group from around the world.

Fundação Getúlio Vargas (FGV) is the largest private business school in Latin America, in the largest capital city in South America. The FGV immersion experience allows students the opportunity to explore business topics in the dynamic Brazilian context. As a pioneer of business administration education in Brazil, FGV will immerse you in teaching, research, and consulting.

Students with Portuguese experience and/or a strong background in Spanish and good language-learning ability are best suited for this opportunity.

The university does not have on-campus housing but there are many options near campus. Exchange students are provided with guidance from FGV and their campus student network to arrange to live in apartment flats close to FGV. Many flats come fully furnished with cable, 24-hour security, and other amenities.

Academics and credits

Students are enrolled in 14 S/N Carlson School International Business (IBUS 5100) credits for a semester at FGV and take a total of 7 courses to meet the minimum requirements.

Courses at FGV are offered in both English and Portuguese. Topics offered in English include: 

  • Global Business Management
  • Managing Across Cultures
  • Global Supply Chain Management
  • Entrepreneurship in Brazil
  • Marketing for Low Income Consumers
  • Marketing in Latin America
  • Development & Sustainability
  • Strategy in the Latin American Context
  • Many other courses are delivered in Portuguese, and faculty often allow students to use English in papers and tests. FGV offers an intensive Portuguese language course to all participants of the exchange programs during the first few weeks of the semester


  • currently enrolled in a Carlson Full-time MBA, Part-time, MBA or M.A-HRIR program
  • In good academic standing with a minimum GPA of 3.0
  • Additional criteria may apply
  • The University of Minnesota is committed to the policy that all persons shall have equal access to its programs, facilities and employment without regard to race, color, creed, religion, national origin, sex, age, marital status, disability, public assistance status, veteran status, or sexual orientation

Visa and Passport

  • All Carlson students are responsible for obtaining a passport before they participate on a study abroad program
  • All students participating on an exchange program will be responsible for obtaining a visa or residence permit if requried by their host country.  The Carlson Global Institute will not process visa applications for students participating on exchange programs and are not visa experts.
  • The Carlson Global Institute and the host university will provide resources for visa and residence permit applications if necessary, but students will need to work with the consulate and/or visa processing company directly as well.

What is a business exchange program?

  • Exchange students are enrolled at a partner university in their host country and take business courses in English
  • Exchange students take courses with students from the host university as well as other exchange students from around the world
  • Exchange students attend their host university according to their term dates which differ from the University of Minnesota
  • Exchanges often require students to demonstrate a high degree of independence, adaptability, and flexibility because support and service may be different from a US university.
  • Semester exchange programs are best suited for a student who would like to be fully immersed in another city, educational, and country culture.
  • Exchange programs are small and only a few Carlson students will study at each partner university each semester.
  • There are no Carlson staff members on-site at the partner universities

Application and Admissions

To apply, please visit the Apply page. You will be charged a $50 application fee for each term that you apply for a program. If you apply for two programs in Fall semester you will be charged $50. If you apply for one program in Fall semester and one in Spring semester you will be charged $100. The priority deadline for Fall 2016 and Spring 2017 is February 1, 2016. Applications for Fall 2016 and Spring 2017 will open on September 8th, 2015. Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Applications will be reviewed and students will be informed of their status within 6 weeks of the priority deadline.

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships.

Cost estimate (Summary)

These estimates will vary based on student preference and exchange rates. All details subject to change based on economic and international factors. Most financial aid may be applied to study abroad programs. Students should also maintain their U.S.-based health insurance plan while abroad. Visa and passport costs are subject to change. Please verify current documentation costs with the Consulate.​

Cost table

Estimated Expenses 2014-2015
Carlson School Tuition (charged to UMN student account)UMN Per-credit rate (varies on credit load)
Transportation (to and from program site)$1,200
Documentation (passport, visa)$160
Books and Materials$200
Room and/or Board$4,500
Essential Daily Living Expenses$2,000
Total$8,560 + tuition costs

Program Manager

Academic term(s)



Semester Exchange

Degree level

Full-time MBA
Masters HRIR
Part-time MBA






São Paulo