Costa Rica Frog

Graduate Global Immersion in Costa Rica

Alajuela, Costa Rica: INCAE

  • Fall Semester: Late August – December
  • Spring Semester: Early January – Mid-May

Credits: Up to 14 S/N

Program Type: Exchange


Costa Rica has emerged as an international business leader for all of Latin America. Once a country that relied on the export of agriculturally-based products like bananas and coffee, Costa Rica's economy is now a forerunner in ecotourism, software development, and the outsourcing of financial services from North America and Europe.

Beyond the rigorous academics at INCAE, Costa Rica provides a unique national example: more than a quarter of the country is protected forests and reserves, and it boasts internationally recognized models to promote environmental sustainability with positive economic growth. It is more profitable for Costa Rica to protect its natural resources than to exploit them for export.


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.


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.


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


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.

Budget Estimate 2011–2012

These may vary based on student preference and exchange rate. All details subject to change based on economic and international factors. Most financial aid may be applied to study abroad programs.

Program Fee*

Current Carlson School tuition and fees

Transportation (to and from program site) $800

Documentation** (passport, visa, immunization, additional health

Books and Materials $200
Room and/or Board


Essential Daily Living Expenses $1,500
Miscellaneous $1,000

$5,700 plus tuition and fees

*Students should also maintain their U.S.-based health insurance plan while abroad.

**Subject to change. Please verify current documentation costs with the Consulate.

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. In addition, University of Minnesota students are eligible for education abroad scholarships. See Scholarships and Finances for additional information.

Application and Admission

Application materials include the online application form, a resume, and essay. Submit a completed application by the February 28th priority deadline prior to the academic year in which you wish to participate. Programs that do not fill following the priority deadline will be reviewed on a rolling-admissions basis.

Admission to all programs is based on review of your application by the study abroad selection committee. Applications will be reviewed following the deadline, and you will be notified of your status by official letter in April. Once selected, you will be asked to pay a $500 deposit in order to confirm your place in the program.


English and Spanish

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Contact Information

Global Immersion
Carlson Global Institute
CSOM 2-210
Phone: 612-625-9361
Fax: 612-624-8248

Student Perspectives

Fall, 2008

William J. Merz

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