Instituto Centroamericano de Administracion de Empresas (INCAE): Alajuela

Graduate Global Immersion in Costa Rica

Program Dates: 

The academic calendar at INCAE 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 2016: Students may either study at INCAE for the full semester or for a partial semester

Module Electives 1: August 14 - October 14, 2016

Module Electives 2: October 17 - December 16, 2016

Arrival Date: Not before August 12 and no later than August 14.

Spring Semester 2017: Students may either study at INCAE for the full semester or for a partial semester

Module Electives 3: January 2 - February 17, 2017

February 20 - February 24 (Professional Talent Fair - INCAE and dual degree students only)

MCP: February 27 - April 28 (Management Consulting Practice - No courses offered)

INCAE Cost Rica





Students outside INCAE

Students outside INCAE

Students Exploring

Students Exploring

Costa Rica

Costa Rica

Location details

  • INCAE has consistently been ranked as the best business school in Latin American during recent years and it has been recognized as one of the 10 best business schools in the world. 
  • Although relatively small, Costa Rica has an amazing biodiverstiy which allows your to easily travel to and enjoy a variety of climates and landscapes. 
  • The Walter Kissling Gam Campus in the province of Alajuela is only about 14 km from the International Airport of Santamaria. Conveniently isolated from the urban bustle, the campus sits on a serence environment surrounded by natural beauty. 


  • On-campus housing is provided and guaranteed. Living on capus is mandatory for all students. 
  • Single students must share a house with 7 students and a room with one of them. Housekeeping is included. 
  • There is also married housing available for couples with or without children. 

Academics and credits

  • Graduate exchange students take courses in the MBA program.
  • Graduate exchange students must enroll in the minimum number of credits outlined by the host university.  The UMN does not have a minimum course requirement for graduate students on semester exchange.
  • Courses transfer back as S/N on UMN transcripts.
  • Students must take 3-5 electives per module (or 9 creidt hours minimum; the recommended load). 
  • Business courses taught in English and Spanish are available to exchange students.
  • Spanish language courses are also offered, but not all levels are offered at the same time. 
  • For information about specific courses available to exchange students please meet with an adviser.


  • 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?

  • Successful exchange students demonstrate a high degree of independence, adaptability, and flexibility because support and services will be different from a US university
  • You are enrolled as an exchange student at a host university and take business courses in English
  • You take courses with students from the host university as well as other exchange students from around the world
  • You attend the host university according to their term dates which differ from the University of Minnesota
  • A small group of Carlson students are selected to study at each partner university per semester and are fully immersed in another country, culture, and education system
  • You will work closely with both Carlson School advisers and advisers from the host university for support pre-departure and during your semester abroad

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 2016-2017
Carlson School Tuition (charged to UMN student account)UMN Per-credit rate (varies on credit load)
Transportation (to and from program site)$700
Documentation (passport, visa, immunization, additional health insurance)$420
Books and Materials$200
Room and/or Board $3,500
Essential Daily Living Expenses$1,500
Total $7,320 + tuition costs

Program Manager

Academic term(s)



Semester Exchange
Partial Semester

Degree level

Full-time MBA
Masters HRIR
Part-time MBA




Costa Rica