Fundação Getulio Vargas (FGV): São Paulo

Undergraduate Global Immersion in Brazil

Second Semester (Fall Semester): early August to early December
First Senester (Spring Semester): early February to early July

When selecting a semester exchange program, students should take note of academic calendars that differ significantly from the University of Minnesota. Consider potential conflicts such as holidays, family events, graduation ceremonies, and summer jobs/internships early in the selection process.

Work with Education Abroad Advisers and the Carlson Business Career Center for support addressing challenges.

FGV: Brazil



Brazilian Skyline

Brazilian Skyline

Sao Paulo

Sao Paulo

Sao Paulo, Brazil

Sao Paulo, Brazil

This is a semester exchange program, where students take classes (in English or Portuguese) directly at a partner university and substitute that semester for a semester at the University of Minnesota. The partner university will send one of their students to the Carlson School of Management to take classes in their place.
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. Examples of differences that exchange students should be prepared to encounter include varying housing options, the amount and timing of program details, grading based less on assignments and more on final exams, and an academic calendar that may differ significantly from the University of Minnesota.

Application and Admissions

To apply, please visit the Apply page. YOU MUST APPLY THROUGH THE CARLSON SCHOOL TO BE ACCEPTED ON AN EXCHANGE PROGRAM. DO NOT APPLY DIRECTLY TO THE HOST SCHOOL. 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 2015 and Spring 2016 is February 1, 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.


To be eligible for this education abroad program, you must be:

  • A University of Minnesota student who has successfully completed the I-Core curriculum or equivalent coursework
  • 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

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 Getulio 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.

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.​

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please visit "Financial Aid" and "Scholarships" for more information.

Academics and credits

Students are enrolled in 15 S/N Carlson School International Business (IBUS 5200) credits at the Univesrity of Minnesota during the semester they are abroad.  Students will take a full course load (13-18 UMN credits per semester) at the host universitiy.

Students participating in CGI semester exchange programs are strongly encouraged to enroll in the 1-credit Global Identity course for business students. This course helps you to develop your intercultural skills and articulate the value of your experience to future employers. It offers an additional layer of support through one-on-one interactions with your instructor that complements the independent structure of the exchange program.

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

Cost table

Estimated Expenses 2014-2015
Carlson School Tuition (charged to UMN student account)$7029
Program Fee (charged to UMN student account)$2500
Transportation (to and from program site)$1200
Documentation (passport, visa, immunizations)$160
Books and Materials$200
Room and/or Board$4500
Essential Daily Living Expenses$2000
Global Identity Course - strongly recommended (charged to UMN student account)$200

Program Manager

Academic term(s)



Semester Exchange

Degree level







São Paulo