IBUS 5190: Doing Business in Brazil

Graduate Global Enrichment in Brazil
January 4, 2015 to January 17, 2015

January 4 - 17, 2015

Students will study Brazil's relationship to the international economy, marketing dynamics, ethics in market relations, finance and banking, foreign trade, operations, strategies for multinationals, and other topics. Social, political, and cultural dimensions of doing business in Brazil will also be considered. This program provides a broad focus on the Brazilian business environment.

Program schedule

Students take classes over the two weeks from FGV faculty. Students can expect full class days with both morning and afternoon sessions. A cultural tour of São Paulo and 3- 4 visits complement the class sessions. This program has a demanding schedule and academic standards are high. Students will spend some time each evening on readings for the next time and working on papers and group projects as all of the academic content is completed during the two weeks in Brazil. Please note that there is no Carlson faculty member on this program.

Application and Admissions

To apply, please visit the Apply page. Students will be charged a $50 application fee. The application cycle starts on May 15 and the priority deadline is June 15. 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 4 weeks of the priority deadline.


This program is open to Carlson graduate students in good academic standing, with a GPA of 3.0 at the time of application.

Location details

São Paulo is the capital of Brazil and a major economic and cultural center of the region. It's the second largest metropolitan area in the world with a population of nearly 29 million people. Brazil is one of the top 15 trade partners with the United States and São Paulo is home to a wide variety of multinational corporations.
Escola de Administracão de Empresas de São Paulo da Fundacão Getulio Vargas (FGV) is the largest private business school in Latin America. A pioneer in business administration education in Brazil, FGV provides a premier environment for teaching, researching, and consulting.

Students are housed at a centrally-located hotel within walking distance of FGV and students will share a room with one or two classmates of their same gender. Because networking and community-building are key parts of the program, students will not have the option of a single room. Guests are not permitted during the program. Breakfast daily, a welcome dinner, and a closing dinner are provided.

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.

**Please see OneStop for more information about tuition and fees

Financial Aid and Scholarships

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


  • 35-40 Carlson School graduate students

Academics and credits

  • Four graduate elective credits
  • Grading is A–F basis

Cost table

2014-2015 Tuition for 4 academic credits (not including collegiate, graduate student assembly, or transportation fees)*$4,940 (tentative)
Program Fee (including lodging, program events, course materials, breakfast daily, two group meals, and int'l health insurance**)$2,500
International airfare between Minnesota and Brazil$1,800
Passport, Photos, Brazilian Tourist Visa$350
Textbooks/Course Materials$0
Hotel Accommodation (included in Program Fee)$0
Daily Living Expenses (local transportation, incidentals, internet, laundry, etc)$450
Meals (lunch and dinners not included in Program Fee)$550
Total$10,590 (tentative)

Program Manager

Academic term(s)



Short-Term January

Degree level

Part-time MBA






São Paulo