Italy map

The Consortium Institute of Management and Business Analysis (CIMBA): Paderno del Grappa

Undergraduate Global Immersion in Italy

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 2020: 

Students arrive on campus: September 14, 2020

Final exams: December 2 - 4, 2020

Students check-out: December 4, 2020


Spring Semester 2020: 

Students arrive on campus: January 13, 2020

Final exams: April 1 - 3, 2020

Students check-out: April 3, 2020


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

    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
    • 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 courseload at their host university (13-18 UMN credits/semester).
    • Courses transfer back as A/F on UMN transcript.
    • Business courses taught in English are available to exchange students.
    • 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.

    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 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 2020 and Spring 2021 is February 3, 2020 at noon. Applications will open on the first day of the Fall 2019 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

Note: Fall 2020 students will receive $750 off the CIMBA Program Fee!
Estimated Expenses 2019-2020 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 $12,338 ($6,659 + $5,179 +$500 - tuition, room, books)
Carlson Program Fee (charged to UMN student account) $1,000 $1,000
Airfare (to and from program site) $1,200 N/A
Documentation (passport, visa, immunization, additional health insurance) $175 N/A
Essential Daily Living Expenses $500 $1,000
Miscellaneous $500 N/A
Total Program Cost $20,670 $14,338
Program Incremental Cost (additional cost for studying abroad vs. staying on-campus for a semester) $6,332 ($20,670 - $14,338) -


Grade & Credit Conversion Chart
Academic term(s)
Semester Exchange
Degree level
Paderno del Grappa
Host School
The Consortium Institute of Management and Business Analysis (CIMBA)