P.O. Box 960-4050 Alajuela, Costa Rica Central America
Del Vivero Procesa, 2 km. Oeste Carretera a La Garita, Alajuela Costa Rica, Central America
INCAE now has three MBA programs running simultaneously per year. The Global MBA is a full-time 14-month program and the Latin American Leadership program is also full-time and is 15 months long. The Global MBA starts in August and the Latin American Leadership MBA has two intakes, one in February (LL1) and one in August (LL2). Exchange students can come to both programs during the electives period. Dual degree students will join the February intake of the Latin American Leadership program in early September. They will be able to choose one of the following specializations: Marketing, Operations and Technology, Finance, Entrepreneurship and Sustainable Development. In addition to all the elective work, students must carry out their Management Consulting Practice (MCP) or professional practicum. This project takes place during the last module of
the program (March to May), The MCP experience is compulsory for all INCAE and dual degree students and is equivalent to three core courses. Term dates:
GLOBAL MBA 2019 Module 8 Module 9
June 17 – July 26, 2019 July 29 – September 6, 2019
Arrival Date: The weekend before classes start LATIN AMERICAN LEADERSHIP 2020 Module 5 Module 6 Module 7 Module 8
September 2 – November 8, 2019 November 11 – December 20, 2019 January 6-17, 2020 January 20 – February 28, 2020
Arrival Date: The weekend before classes start MCP March 2 – May 1, 2020 (no electives; only for dual degree students) Graduation – May 22, 2020
INCAE is a small school, so we do not need a whole week for orientation. Roomates will help students get through the weekend, and a formal tour and session will be held on the first day of class.
Students must take a minimum of 3 electives per module (or 6 credit hours, except for the two-week January term), regardless of their home school’s requirements. The maximum load is 10 credits per module. Please note that, although we have reduced the number of credits per course (from 3 to 2), the number of contact hours remains the same (24 hours of class time plus study time for a total of 96 hours; 13 hours of class contact and a total of 53 hours of study time for half courses. See table below).
A complete course catalog will be sent to the student with instructions to register online, but here’s an overview of the electives offered in each program (subject to change). Courses with a name in English are offered in English, except Data Mining:
GLOBAL MBA 2019 COURSE CREDITS SESSIONS Portfolio Management 2,0 18 Money and Banking 2,0 18 Fusiones y Adquisiciones 1,0 9 Supply Chain Management 2,0 18 Dinamica de Sistemas 2,0 18 Market Research 2,0 18 Digital Marketing 2,0 18 Emprendimiento en países emergentes:transformar problemas en oportunidades 2,0 18 Emprendimiento Social 1,0 9 Metodologías para Emprender II 1,0 9 Reconocimiento de Oportunidades y Emprendimiento en América Latina 1,0 9 Garaje I 3,0 12 International Marketing 2,0 18 Contemporary topics in people management 2,0 18 Redes Sociales 1,0 9 Risk Analysis 2,0 18 Cultura y Valores 2,0 18 Empresas Familiares 1,0 9 Corporate Finance 2,0 18 Financial Institutions and Capital Markets 2,0 18 Finanzas Internacionales 2,0 18 Gerencia de Servicios 2,0 18 Estrategia de Operaciones 2,0 18 Gerencia de Calidad 2,0 18 Data Mining 2,0 18 Brand Management 2,0 18 Advanced Marketing 2,0 18 Gerencia de Sostenibilidad II A 1,0 9 Gerencia de Sostenibilidad II B 1,0 9 Finanzas para Emprendedores 1,0 9 Emprendimiento Corporativo 1,0 9 Mercadeo y Ventas para Emprendedores 1,0 9 Garaje II 3,0 12 E-Business 2,0 18 Project Management 2,0 18 Estrategia Internacional 2,0 18 Power and Influence 2,0 18
LATIN AMERICAN LEADERSHIP MODULE COURSE CREDITS SESSIONS 5 Control Gerencial 2,0 18 5 Administrando Gente y Organizaciones 2 2,0 18 5 Macroeconomía Aplicada 2,0 18 5 Economía Global 2,0 18 5 Estrategia Corporativa 2,0 18 5 Análisis Político 2,0 18 5 Pensamiento Crítico y Toma de Decisiones 2 2,0 18 5 Liderazgo IV 1,0 9 6 Money and Banking 2,0 18 6 Supply Chain Management 2,0 18 6 Estrategia de Operaciones 2,0 18 6 Data Mining 2,0 18 6 International Marketing 2,0 18 6 Resources economics in emerging markets 2,0 18 6 Competitividad de las Naciones 2,0 18 6 Cultura y Valores 2,0 18 7 Fundamentals of Sustainability I-With GLOBAL MBA 2,0 18 7 Fundamentals of Sustainability II-With GLOBAL 2,0 18 8 Finanzas Corporativas 2,0 18 8 Financial Institutions and Capital Markets 2,0 18 8 Fusiones y Adquisiciones 1,0 9 8 Finanzas Internacionales 2,0 18 8 Gerencia de Servicios 2,0 18 8 Gerencia de Calidad 2,0 18 8 Market Research 2,0 18 8 Brand Management 2,0 18 8 Emprendedurismo 2,0 18 8 E-Business 2,0 18 9 Management Consulting Practice-Dual Degree 6,0 N/A *In Module 5, students will take 3 courses with translation: Political Analysis of Latin America, Global Economy, and Corporate Strategy
Language of instruction:
Core courses are taught in Spanish in the LL MBA and in English in the Global MBA. Elective courses are taught in English or Spanish.
English (on campus) and Spanish (on campus). Not all levels are offered at the same time. Tutors are available for a fee.
TOEFL score: 90 (iBT) or equivalent proficiency determined by partner school. Students must be able to actively
participate in class discussions regardless of the language of instruction of the course. Depending on the requirements of their home institution, exchange students may take courses only in English or only in Spanish. Keep in mind that a working knowledge of Spanish is recommended to get around campus and town, but not required. Methodology:
70% case study analysis and discussion, and 30% lecture. The specific method depends on the nature of the course. However, all courses are very demanding and students have to be prepared for every single session. Class participation can be 50% of the final grade in some cases. Students are expected to read and prepare all the material assigned individually and to check their e-mail regularly for last-minute instructions from professors, even during weekends and/or holidays.
Exams are scheduled during the last week of every module; half courses offered at the beginning of the module might have the final evaluation earlier. However, you are advised to plan to stay until the last day of the module. Professors have two weeks to submit grades to the Registrar. Also, because professors must use the grading curve, individual grades are not available until all students have been assigned a grade. Please book your return flight based on scheduled exam dates.
INCAE uses a highly competitive curve-grading system. The curve is applied in all courses, but in second-year, it is up to the professor to assign failing grades. Letter grades are used as follows: A+ Outstanding (4.0) A Excellent (3.75) AVery Good (3.45) B+ Very Good (2.98) B Good (2.80) BSatisfactory (2.65) C Unsatisfactory (failing 2.0) F Poor (0.0) equivalent to two failing grades (Note: the student will receive notification of his/her grades; however, the official transcripts must be ordered and will be sent directly to the Registrar or Exchange Program Coordinator at the student’s home institution).
On-campus housing is provided and guaranteed. Living on campus is mandatory for all students. Single students must share a house with 7 students and a room with one of them. There is also married housing available for couples with or without children.
We have a cafeteria, a convenience store, a bank office (No ATM!) a swimming pool, gym, sauna, outdoor sporting areas, library, wireless internet access, group study rooms, parking, and laundry service for a fee (about $15 per load); no selfservice.
The Student Affairs Department aids students with everyday life, plus: visas, insurance, medical services, student clubs, and so on. Student Affairs, in coordination with International Programs, will pair exchange students with a “buddy” who will guide them through their adaptation to life at INCAE.
All students are required to have health insurance from their home country. It should cover any incidents while traveling to and from INCAE as well as repatriation. We strongly recommend that students also have liability insurance as well as personal insurance covering theft, etc.
The MBA Career Services office at INCAE will assist exchange and dual degree students in their job search efforts while they are at INCAE. Students will have access to company presentations, job listings, interviews, career fairs, and will be able to upload their résumé to the INCAE labor pool Internet site. Each student is responsible for writing and translating their resumes and cover letters.
Depending on their nationality, students may or may not need a visa to enter the country. Students should contact the nearest Costa Rica Consulate to make sure. Once at INCAE, we will assist the student in the formal request for a visa to stay in the country for more than 90 days. The cost of this visa is around US$400. A copy of the passport and two photographs are required. Most exchange students do not stay for more than 90 days at a time (holidays, breaks), and get away with not having a visa. However, some have encountered trouble when trying to reenter because they didn’t have a returning ticket every time. So, they ended up spending more in an “emergency ticket” they couldn’t even use. Therefore, we strongly advise you apply for the visa and have temporary resident status from the start.
Yellow fever vaccine:
If you're coming from Angola, Benin, Burkina Faso, Cameroon, Congo, Gabon, Gambia, Ghana, Guinea, Liberia, Nigeria, Sierra Leone, Sudan, Bolivia, Venezuela, Brazil, Peru, Ecuador, Colombia and French Guyana, you'll need to get the yellow fever vaccine at least 10 days before entering Costa Rica. It’s a one-time deal, so if you already have it, you don’t need to get it again. However, you must show the certificate to the airline before boarding the plane. Local Immigration authorities might also ask for it upon arrival.
Expenses for exchange students at INCAE include: -
Student fee Housing (shared room)
Meals Electricity Water Laundry
Transportation Recreation Miscellaneous
US$390 per module $25 per night if you bring your own linens (approx. $535 per month) $10 per meal $30 per month (approx.) $20 per month (approx.) Self-service or $15 per load approx (includes washing, drying and folding). $100 per semester (includes laundry service). We strongly recommend bringing your own. $200 per month (approx.) $300 per month (approx.) $100 approx.
Total per module:
*All costs subject to change without notice, especially outsourced services like meals and laundry. Payment:
Credit Card: If you plan to pay with a credit card, we’ll provide a link to the shopping cart where you’ll find the different items you must pay for. Cash: If you plan to pay with cash, we’ll provide a code so you can pay at the bank branch on campus. Wire transfer: If you plan to pay via wire transfer, we’ll send you the account information.
PLEASE, let me know how you’re planning to pay as the payment must be made BEFORE you arrive. Thanks! Application requirements: Statement of purpose Updated Curriculum Vitae 1 recent passport-size photograph (or digital) Transcripts showing a GPA of 3.0 or better Formal nomination from home institution Photocopy of Passport Proof of Insurance (Note: Everything can be sent electronically) Nomination deadlines:
April 15 for fall and September 15 for spring
May 15 for fall and October 15 for spring
Frequently Asked Questions
Do I need a student visa? You must contact the nearest Costa Rica Consulate to find out. If you are and exchange student staying for more than 90 days at a time (most students don’t), a student visa is required. The process starts at the Costa Rica consulate and continues once the student arrives in Costa Rica. The immigration office takes about three months to issue the visa. The cost is approximately US$400. Students need 2 additional passport-size photographs. How do I go about applying for housing? You do not need to apply. If you’re single, you’ll be assigned a room in a house for single students. If you’re married and your family is coming with you, let us know in advance, so we can reserve a house for married couples with or without children. There’s no housekeeping service for married student housing. Will there be a telephone in my residence? Yes. However, you cannot make off-campus calls. You can receive local and international calls, but in order to make them, you must purchase a calling card in the little store on campus or use your cell phone. Can I use my cell phone in Costa Rica? Yes, but only with International Roaming or local pre-paid service. You can get a local number (SIM card) at the airport (baggage claim area). You can buy more minutes anywhere the service is available (convenience stores, for example). When should I arrive for orientation? Because INCAE is a small school, we don’t need a lot of time for orientation. Usually, orientation takes place during the first week of class. Therefore, we ask students to arrive the weekend before the term starts, so they are able to move into their bungalows immediately. If you arrive too early, chances are you will have to find a place to stay. Will there be someone to meet me when I arrive? If you are coming straight to campus, we can arrange airport pick-up with one of our drivers for a fee. In case there’s a problem or if you miss our driver, please take an orange cab at the airport. It’s safe and reliable and they know where INCAE is. They charge around $2030. Do I have to bring towels and bed linens? We’d rather you bring your own. However, if you don’t want to carry them, bed linens and towels will be provided for a fee. Housing would change and wash them once a week. Remember that you have to take care of and pay for the laundry service separately if you bring your own. Single students have twin-size beds and married housing has a full-size bed.