Instituto Centroamericano de Administracion de Empresas (INCAE): Alajuela

Graduate Global Immersion in Costa Rica

Fall Semester 2015

Module 6: August 17 - October 16

Module 7: October 19 - Decemeber 18

Spring Semester 2016

Module 8: January 4 - February 19

Professional Talent Fair: February 22 - February 26

Module 9: February 29 - April 29 (Management Consulting Practice - no courses offered)

May 2 - May 15 ( Procesos Gerenciales - INCAE Students only)

INCAE Cost Rica



Students outside INCAE

Students outside INCAE

Students Exploring

Students Exploring

Costa Rica

Costa Rica

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 current student enrolled in a Carlson School Part-Time MBA or MA-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

Location details

INCAE, founded in 1964 through an initiative driven by the Central American business community and modeled after Harvard Business School, is regularly ranked as the top MBA program in Latin America. Students and faculty come from more than 15 different nations to collaborate in its mission to promote a better Central America and move collectively toward a successful future for all of the Americas. INCAE is dedicated to preparing international managers with a global viewpoint committed to furthering the advancement of environmental sustainability and responsible green business.

Housing is arranged and all students live a short walking distance from the classrooms, library, and cafeteria. The campus is a small community and housing facilities have four bedrooms each with a total of eight students per house. Exchange students accompanied by a partner or spouse can live in separate housing if they wish.

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. See Costs & Billing for additional information on financial aid and scholarships.

Academics and credits

Up to 14 S/N

Students in the program receive up to 14 S/N Carlson School International Business (IBUS 5300) credits for their semester in Costa Rica. Students will need to complete a total of 7 course credits at INCAE in order to confer the credits.

Semesters at INCAE are broken into two modules, and students finish one set of courses and start anew after a short break. A short sample of courses offered includes:

  • E-Business
  • Entrepreneurial Financing
  • Service Management
  • Joint Ventures in Latin America
  • Operations Strategy
  • Financial Institutions and Capital Markets
  • Microeconomics and Development

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)$900
Documentation (passport, visa, immunization, additional health insurance)$280
Books and Materials$200
Room and/or Board $2,500
Essential Daily Living Expenses$1,500
Total $5480 + tuition costs

Program Manager

Academic term(s)



Semester Exchange
1-2 Month Exchange

Degree level

Masters HRIR
Part-time MBA




Costa Rica