Studying an MBA in Latin America: A Guide
Especially over the past decade, Latin America has experienced a wave of economic growth and business opportunities. According to the World Bank, Latin America accounted for 8.8% of the world’s economy in 2018, an increase from 7.7% in 2003. This growth has driven a number of people to pursue formal business education, particularly a Masters of Business Administration (MBA). The MBA degree has traditionally been seen as a passport to a better salary and career opportunities.
Getting an MBA in Latin America offers those who pursue it an excellent opportunity to gain a comprehensive understanding of the region’s development and business opportunities. As more and more academics and professionals look to Latin America as a source of business growth and success, an MBA from this part of the world will afford them a unique and invaluable perspective.
Top Business Schools in Latin America
If you’re interested in studying an MBA in Latin America, there are a number of prestigious universities and business schools offering quality postgraduate education. Here are some of the top business schools in Latin America:
- Universidad de los Andes (ULA) in Colombia — Considered the best business school in Latin America, ULA is located in the heart of Bogotá and offers an internationally-recognized MBA program.
- Universidad del Pacifico (UP) in Peru — UP has established itself as one of Latin America’s leading business schools, offering a range of MBA and leadership programs.
- Fundação Getúlio Vargas (FGV) in Brazil — Established in 1952, FGV is one of Brazil’s leading institutions for postgraduate business education.
- Universidad Torcuato Di Tella (UTDT) in Argentina — UTDT is a world-class business school located in Buenos Aires. It offers an MBA program, with a focus on Latin American economics and business.
- ITAM in Mexico — ITAM’s MBA program is considered one of the most prestigious in the region, and is only second to ULA in terms of its international recognition.
Skills Necessary to Succeed in an MBA Program in Latin America
Successful MBA students in Latin America must have a deep understanding of the local and regional economic environments, as well as the companies and industries that make up Latin America’s business climate. Furthermore, Latin American MBA programs are generally taught in Spanish, so a good command of the language is also necessary. MBA students in Latin America should also be well versed in the management principles and practices that are seen as the basis for success in the business world.
FAQs
Q: What are the admission requirements for an MBA in Latin America?
A: Admission requirements for MBA programs in Latin America generally include an undergraduate degree, work experience in the field, references, and a proof of language competency. Each institution has its own specific requirements, so make sure to do some research before applying.
Q: Are MBA degrees in Latin America internationally recognized?
A: Yes, MBA degrees from Latin America’s top business schools are internationally recognized. It is important to note, however, that the reputation of the university from which you received your MBA will determine the level of recognition.
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