Italy map

Carlson School Business Semester in Italy: The Consortium Institute of Management and Business Analysis ("CIMBA")

Undergraduate Global Immersion

Program Dates:

The academic calendar at CIMBA 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 2023: 

Students arrive on campus: mid-September 2023

Final exams: Late November - Early December 2023

Students check-out: Early December 2023


Spring Semester 2024: 

Students arrive on campus: mid-January 2024

Final exams: Early April 2024

Students check-out: Early April 2024


The priority deadline for Fall 2023 and Spring 2024 is February 1st, 2023 at noon. 

CIMBA's campus
CIMBA Campus
CIMBA's campus
CIMBA Campus
Class at CIMBA
Class at CIMBA
CIMBA Student and Professor
CIMBA Students at Mt. Grappa
CIMBA's campus
CIMBA Campus
CIMBA's campus
CIMBA Campus
Class at CIMBA
Class at CIMBA
CIMBA Student and Professor
CIMBA Students at Mt. Grappa

Program Details

    • At CIMBA, students immerse themselves in a wide range of rigorous courses while living amidst the Venetian countryside in one of the most popular travel and study destinations in the world. 
    • The CIMBA campus is located in Paderno del Grappa at the base of the Italian Alps in northern Italy - an hour north of Venice. 
    • Paderno del Grappa, a town of 2,000 people, is also in the heart of Italy's Veneto Region, which includes natural beauty and picturesque old-town centers, as well a powerful business community, with more than 450,000 companies housed in the region. 
    • The Carlson Global Institute strongly encourages students to live in the on-campus housing options as those are affiliated with and vetted by the partner institutions.
    • Students should check the host university website and fact sheet for specific accommodations information including on-campus and off-campus options, application process and deadline, and cost information.
    • Students live on campus in dormitory style housing. Single and double rooms are available; each option has a private bathroom.
    • Housekeeping services are offered twice a week. Towels and linens are provided. 
    • Students may request particular roommates through the roommate selection form; students with no roommate preferences will be assigned to all-male or all-female rooms.
    • The program fee includes three meals a day for the entire duration of the program 
    • Students on exchange programs take a full semester course load at their host university (13-18 UMN credits/semester).
    • Courses on this program transfer back as transfer credit on the official UMN transcript. Transfer credit does not affect overall GPA.  
    • Business courses taught in English are available.
    • 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.
    • For information about specific courses available to exchange students please meet with an adviser.
    • UMN student who has successfully completed the I-Core curriculum or equivalent coursework
    • Preference is given to Carlson School of Management students
    • 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.


    • 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 required 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.

    To apply for an exchange program you must first apply through the Carlson Global Institute on 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 2023 and Spring 2024 is February 1, 2023 at noon. Applications will open during the Fall 2021 semester. 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.  Once accepted into an exchange program, you will also complete an application to the host university.

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

Cost Estimate (Summary)

Expenses are based on a 5 month semester. 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.

CIMBA Program Fee includes: Tuition, accommodations, meals, textbook rental, WIFI on campus, laundry, linens & towels, housecleaning, bus transportation to and from campus for program start and end, 3 gourmet Italian meals, cultural exploration activities, certificates and programs in leadership and personal development, company tours.  See more details on the CIMBA website.

Carlson Program Fee includes: Maintaining resident student status, program administration costs, international health insurance

Estimated Expenses 2022-2023 Global Immersion Exchange (CGI Semester) UMTC On-Campus Costs (Carlson Semester)
CIMBA Program Fee (this amount is invoiced by the University of Iowa) $17,295 $13,450 ($7,003 + $5,947 +$500 - tuition, room, books)
Carlson Program Fee (charged to UMN student account) $1,000 $1,250
One credit online UMN Global Identity Course (optional) (charged to UMN student account) $200 N/A
Airfare (to and from program site) $1,000 N/A
Documentation (passport, visa, immunization, additional health insurance) $165 N/A
Essential Daily Living Expenses $500 $1,000
Miscellaneous $500 N/A
Total Program Cost $20,660 $15,700
Program Incremental Cost (additional cost for studying abroad vs. staying on-campus for a semester) $4,960 ($20,660 - $15,700) -


Grade & Credit Conversion Chart
Academic term(s)
Fall Semester
Spring Semester
Degree level
Paderno del Grappa
Host School
The Consortium Institute of Management and Business Analysis (CIMBA)
Carlson Global Institute (CGI)
Program Model
Partner University Business Exchange