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degree programs

Executive MBA

Our Executive MBA It will enable you to develop the managerial competencies and skills necessary to succeed in an increasingly demanding and challenging world. Through weekly modules, taught by a Faculty formed in the most prestigious universities in the world, and with classes taught in 3 continents, INCAE gives you the opportunity to acquire a global managerial vision with local relevance.

International modules

The Executive MBA has a duration of 14 modules, distributed over 17 weeks (6 synchronous virtual weeks + 10 face-to-face weeks + 1 asynchronous online module) in a span of 17 months. Includes trips to universities and business ecosystems of America, Europe and Asia, experiences that will give you a globalized and current panorama of how business is carried out in the commercial epicenters of the world, with the opportunity to receive classes in highly competitive contexts

As part of the benefit of these modules with a global approach, in addition to the INCAE Business School degree, the students of the Executive MBA receive a Participation certificate from each of the three prestigious business schools: Babson CollegeESADE Business School y National University of Singapore

Babson College

Recognized as the business school # 1 in Entrepreneurship by prestigious rankings such as Financial Times y Princeton Review. Thanks to this alliance, students will participate in the module “Driving Strategic Innovation in your firm”, Which is complemented by visits to startups of the Boston Innovation Trail, sessions at the Harvard Faculty Club and meetings with experts from other renowned universities in the city.

ESADE Business School

The European vision of the current world context, the relationship between Spain and Latin America, as well as the talent development practices of the large IBEX 35 companies, are some of the topics taught at ESADE, the eighth school in the world in Executive Education, a position recognized for more than a decade by Financial Times.

National University of Singapore

Participant profile

Aimed at professionals with a minimum of 5 years of managerial experience and with an average of 12 years of professional experience: 

  • 65% men, 35% women
  • 8 years of managerial experience or 7 years of professional experience
  • Average age of 35 years
  • 15 nationalities

Testimonials

"As a Latin American, the EMBA has helped me better understand how business is done in the region. And I have been able to do this thanks to the interrelation with colleagues who come from different countries. In Spain I managed to connect what a strategy really is for business; in China I had the opportunity to learn business in a global world, where the Chinese community has really contributed to development and efficiency in how to do these businesses; and Boston opened my eyes to the subject of innovation "

Edwin Garcia

Country: 
United States

"I was very interested in the Latin American regional emphasis; although it does not lose the global point of view, the program is naturally oriented to this region and is what I was looking for, thinking about business interest. This is a demanding program, but suitable for women interested in improving their leadership. We need more women in training plans like this one. "

Maria Jose Pinto

Country: 
Ecuador

The best Faculty in the region, made up of professors with doctoral degrees from the best universities in North America and Europe.

Why this program?

Relational aspects

Manage collaborators, form high-performance teams, improve your projection in the company and expand your capacity for organizational influence.

Practical aspects

Develop the competencies required to lead an organization and adopt best practices from different regions of the world to transform your business.

Intellectual aspects

Redefine your borders with the latest trends and models, in a stimulating and collaborative environment. The contents will elevate your strategic vision to face the most important challenges in your business.

Differential Aspects

  • El Executive MBA de INCAE provides a unique vision of the economic, business, political and social context of Latin America from a global perspective, thanks to three top-level collaborations such as Babson College, ESADE Business School and Cheung Kong Graduate School of Business.
  • It offers you the opportunity to receive coaching and personal advice at the beginning and at the end of the program, allowing you to have professional development that goes beyond academic training.
  • The program will allow you to learn and work alongside a group of experienced professionals from more than 15 countries. You will also exchange ideas with world-class experts, businessmen and guests and have access to the Inca network that includes more than 16.000 executives and managers from all over Latin America.

Academic content

2. Modules

Module 1

Location:

ONLINE
March 13-18, 2023
April 10-18, 2023

Themes:

  • Critical thinking and decision making
  • Leadership and Skills Development. 
  • Introductory Accounting and Finance

Module 2

Location:

ONLINE
May 8 to 13, 2023

Themes:

  • Financial mathematics
  • Communication and Ethics

Module 3

Location:

ONLINE
June 3 to 10, 2023

Themes:

  • Political analysis
  • Economic analysis

Module 4

Location:

Costa Rica
July 3 to 8, 2023
July 31 to August 5, 2023

Themes:

  • Strategy
  • Financial Strategy

Module 5

Location:

Costa Rica ONLINE
August 26 to September 2, 2023
September 25 to 30, 2023

Themes:

  • Marketing strategy
  • operations management

Module 6

Location:

ONLINE
October 21 to 28, 2023

Themes:

  • Supply Chain Management
  • Business simulation

Module 7

Location:

Costa Rica
November 27 to December 2, 2023

Themes:

  • Design Thinking: Customer-centric innovation
  • Leadership and skills development

Module 8

Location:

Costa Rica
January 8-13, 2024

Themes:

  • Corporate finance 
  • Negotiation

Module 9

Location:

Costa Rica
February 5 to 10, 2024

Themes:

  • Corporate Finance
  • Digital Marketing and Data Science

Module 10

Location:

ONLINE
March 2-9, 2024

Themes:

  • Managerial control
  • Information systems

Module 11

Location:

United States
April 1-5, 2024

Themes:

  • Driving Strategic Innovation in your firm

Module 12

Location:

Europe
April 29 to May 3, 2024

Themes:

  • Strategic Talent Management

Module 13

Location:

China ONLINE
May 27 to 31, 2024

Themes:

  • Doing Business in China

Module 14

Location:

Costa Rica
June 23 to July 1, 2024

Themes:

  • Creating Value From Values
  • Persuasion and influence
  • Strategy implementation

3. Post-program (Online)

Evaluation of exit competencies

Decision-making capacity assessment

Executive EducationOnline

Note: Consider that the uncertainty in the context can make face-to-face teaching difficult at any time and this implies that changes can be made in the format of the modules without affecting the learning objectives. The calendar is subject to change by INCAE Business School.

  • Minimum 5 years of managerial experience
  • Minimum 30 years of age
  • Curriculum Vitae
  • Interview with the Admissions Manager
  • Complete the application for admission
  • Cancellation of US $ 200 for admission right
  • Transcripts and graduation certificate (sent by the university)
  • Letter from the company where you work, committing to free the participant the time required to carry out the program
  • Two recommendations in the INCAE format

FAQ

Is it possible to do the EMBA without sacrificing quality and dedication at work?

It is entirely possible and in fact, it is the reason why the format is modular (one week a month), to ensure that students can work without interrupting their professional career. In addition, this format allows you to apply what you have learned faster, thus offering a clear benefit to your employer. 

Can a person who does not have a profession related to administration or finance do the EMBA?

Yes. Lawyers, psychologists, doctors and a wide variety of other people whose undergraduate training is not close to the area of ​​administration and finance have studied at the EMBA. Although these individuals must go the extra mile to catch up in subjects with a high load of quantitative and financial analysis, the managerial approach of the master's degree allows them to quickly learn and adapt to the demands of the program. In addition, their contributions enrich the discussions in the classroom, offering an alternative and valid vision in the analysis of cases and debate on the subject.  

Tips to improve your CV

Doing an executive master's degree means embarking on an exciting but also demanding life project, whose success depends on the interrelationship between work, study and personal life

Our teachers

  • Stephen R. Brenes
    Stephen R. Brenes
    Director

    He specializes in the areas of Strategy and Entrepreneurship and was Dean of INCAE Business School from 2001 to 2007. He currently leads the Steve Aronson Chair of Strategy and Agribusiness and is the Academic Director of the Executive MBA (EMBA) and the Senior Management Program.

  • Luis Noel Alfaro Gramajo
    Teacher

    Academic, consultant and businessman of Guatemalan nationality. He has been an academic director and professor in different executive training programs aimed at the private, public and non-governmental sectors.

  • Juan Carlos Barahona, Ph.D. (MIT)
    Teacher

    Juan Carlos Barahona is an associate professor of technology and innovation management at INCAE, the leading business school in Latin America, where he also serves as the academic director of executive master's degrees in marketing and digital transformation.

  • Arnold Camacho
    Teacher

    Got a Ph.D. in Finance and Development, and an MA in International Economics from Ohio State University, as well as a Bachelor of Civil Engineering of the Costa Rica university, with Graduation of Honor.

    He is a Full Professor at INCAE Business School, in the area of ​​Currency, Banking and Finance, Financial Institutions and Capital Markets, Portfolio Management, Evaluation and Risk Management.

    It also has the Stock Operator License in the Variable Income Market, Options and Futures Market, and the Clearing House of the Madrid Stock Exchange, Spain, granted by the Instituto de Bolsa y Mercados Españoles (BME).

  • Maria Elena Carballo
    Teacher

    Professor María Elena Carballo, a native of Costa Rica, obtained a doctorate in Literary Studies and a master's degree, both from Brandeis University, in the United States. His doctoral thesis was on "The Autumn of the Patriarch" by García Márquez, and the Spanish-American novel of the dictatorship.

  • William Cardoza
    Teacher
    • Ph.D. in Economics and Development from the Sorbonne Nouvelle University - Paris III
    • Post doctorates at the KSG - Harvard University and the Sloan School of Management - MIT
    • Visiting Scholar at DRCLA - Harvard University and Sloan School of Management - MIT

    Guillermo Cardoza is a full-time professor (Full Professor) of Innovation and Change Management at INCAE Business School.

  • Susan A Clancy
    Teacher

    Susan Clancy - Ph.D. in Experimental Psychology from Harvard University - uses her applied research background to help individuals maximize their leadership potential and organizations respond to human problems with effective policies, products, and services. 

    As a professor at INCAE, she teaches courses in leadership, gender diversity, team processes, ethics / anti-corruption, and influence techniques.

  • Jose Exprúa
    Teacher

    Professor of Marketing in the Master Programs of INCAE Business School. He has extensive teaching experience in Latin America and the United States. He has taught at more than 200 seminars, workshops, conferences in the United States, Central and South America. 

  • Camelia Ilie
    Camelia Ilie
    Teacher

    Camelia Ilie is Dean of Executive Education and Strategic Innovation, Full Professor and Chair of the Leadership Center for Inclusive and Sustainable Leadership (CELIS) ​​of INCAE, a leading business school in Latin America. Dr. Ilie leads the digital transformation at the institution through INCAE Online, an initiative designed and launched in partnership with Emeritus, a leading global player in EdTech. Currently, more than 7.000 students are trained each year in the areas under her direction.

    She serves as a member of several international boards, such as Chair of the External Advisory Council of the Institute for Advanced Studies of the University of Miami, Member of the Advisory Council for Latin America of the AACSB, Editorial Committee of LID Latin America, and Faculty Affiliate in the Program for the Advancement of Research on Conflict and Collaboration of the Maxwell School of Syracuse University.

  • Maurice Jenkins
    Teacher
    Mauricio Jenkins, a full-time associate professor, earned a Ph.D. with a specialty in International Economics and Finance, and a Master's Degree in International Economics and Finance from Brandeis University. He also obtained a Master's Degree in Business Administration with distinction from INCAE Business School and a Bachelor's Degree in Civil Engineering from the University of Costa Rica ....
  • Luis Eduardo Lopez
    Teacher

    Specialist in the area of ​​Operations and Technology Management. He has taught courses for INCAE master's degrees, both in residential and executive programs, and in executive seminars in different countries. He has experience as a business consultant in several Latin American countries, especially in: Technology Management, Manufacturing Strategy and Strategic Simulation. He has recently explored possible uses of continuous simulation in environments that combine continuous flows with discrete flows in the production, transportation and storage of goods.

  • Octavio Martinez
    Octavio Martinez
    Teacher

    Director of CLACDS at INCAE Business School. Professor of business strategy. Consultant in strategy formulation and implementation. He has a Ph.D. in business strategy from the University of Toronto, Rotman School of Management. He has an MBA with high distinction from INCAE and a Bachelor of Industrial Engineering (Cum Laude) from the American University.

  • Philip Perez Pineda
    Teacher
    Professor Felipe Pérez, a native of El Salvador, obtained a doctorate in Agricultural Economics from Purdue University in 1999, his areas of specialization being Natural Resource Economics and Business Strategy. He also obtained a Master's degree in Business Administration from INCAE with a concentration in Banking and Development Finance, and completed a Postgraduate Degree in Administration ...
  • Andrea Prado
    Teacher

    Andrea M. Prado is Associate Professor of Organization and Sustainability at INCAE Business School. In addition, she is the Director of the Strachan Chair for Philanthropy and Social Investment. 

  • Arnoldo Rodriguez
    Teacher

    Dr. Arnoldo Rodríguez is an associate professor at INCAE in the areas of Financial Accounting, Managerial Accounting and Control. He earned his Ph.D. from the University of Minnesota Carlson School of Management. Likewise, he is a graduate of INCAE's master's degree. Professor Rodríguez is the Director of INCAE's Master's program in Analytics, Innovation and Technology (MAIT).

  • Roy Gerardo Zuniga
    Teacher
    He completed his doctoral studies in Complexity Management at the University of Manchester Institute of Science and Technology, England and the University of Valladolid, Spain, graduated Summa Cum Laude, for his work in Strategy Execution and Operationalization. He has a Master of Philosophy in Strategic Simulation and Organizational Learning from Manchester School of Management. ...
  • Alberto Trejos placeholder image
    Teacher

    Alberto Trejos earned his doctorate in economics from the University of Pennsylvania. As an academic, he has been a member of the faculty of Northwestern University and INCAE, where he also served as Dean and as director of the Latin American Center for Competitiveness and Sustainable Development. 

  • Florian M. Federspiel
    Teacher

    He earned his Ph.D. in Management Decision Science from IE Business School and an MSc. in International Management from the same school. Assistant Professor at INCAE Business School and focuses on Management Decision Sciences. He is also an Adjunct Professor in the area of ​​Operations and Technology at IE Business School, and a member of the Decision Analysis Society (INFORMS).

  • Serge Restrepo
    Teacher

    Sergio Restrepo is an expert in digital marketing who understands how to design global and local digital strategies. 

  • Patricia cauqui
    Teacher
    Master Certified Coach, the highest degree awarded by the International Coach Federation, Coach certified by Columbia University. Founder and member of the board of the Xaley Foundation for children in difficult situations in Senegal ....
  • Rocío Pastor
    Teacher

    Director of the ExEd office, professor of Negotiation at INCAE. He combines his professional experience, of more than 20 years, in the areas of communication, human capital and change management to support companies and their leaders to build healthy cultures that drive business results. She is an enthusiastic strategic partner for organizations committed to unleashing the potential of their people, strengthening the quality of leadership, and building high-performing teams. 

  • Stephen R. Brenes
    Stephen R. Brenes
    Director
  • Luis Noel Alfaro Gramajo
    Teacher
  • Juan Carlos Barahona, Ph.D. (MIT)
    Teacher
  • Arnold Camacho
    Teacher
  • Maria Elena Carballo
    Teacher
  • William Cardoza
    Teacher
  • Susan A Clancy
    Teacher
  • Jose Exprúa
    Teacher
  • Camelia Ilie
    Camelia Ilie
    Teacher
  • Maurice Jenkins
    Teacher
  • Luis Eduardo Lopez
    Teacher
  • Octavio Martinez
    Octavio Martinez
    Teacher
  • Philip Perez Pineda
    Teacher
  • Andrea Prado
    Teacher
  • Arnoldo Rodriguez
    Teacher
  • Roy Gerardo Zuniga
    Teacher
  • Alberto Trejos placeholder image
    Teacher
  • Florian M. Federspiel
    Teacher
  • Serge Restrepo
    Teacher
  • Patricia cauqui
    Teacher
  • Rocío Pastor
    Teacher

The investment for our next edition is

The investment for our next edition is: 
for US$58.000

Starts

Start: 
March 2023

Includes:

  • The amount includes tuition, tuition, educational material (95% digital), accommodation and meals on the Costa Rica Campus. Lunches and snacks on trips to the United States, China and Europe.
  • For international travel, the cost includes the academic program and materials.

Not included:

  • Air tickets, airport taxes, visas, airport-campus/hotel-airport transportation, life insurance, medical expenses, accommodation on trips to the United States, China and Europe. Breakfasts and dinners in the United States, China and Europe must be covered by the participant.

Quota return policy:

The space reservation is non-refundable. You may freeze your reservation, to be used within a calendar year, from the start date of the program for which you originally applied.

This request must be made at least 30 calendar days before the start of the program to which it applies.

If the request is received within 30 days before the start of the program or after having received access to the pre-program, it cannot be used for another program. In the event that the registration for the edition to which it is transferred is greater than the amount paid, the participant must cover the difference.

This reservation is not transferable and may only be used in INCAE academic programs and only during the aforementioned period.

Payment structure

  • Once the candidate has been accepted into the program, an initial payment of US $ 5.000 will be required to reserve the space, corresponding to the enrollment. 
  • Subsequently, you must pay the rest of the amount in 7 equal installments, as follows: 
Edition 2024 - I
Quota Date
Quota 1: for US$7.580 February 16 2023
Quota 2: for US$7.570 April 14 2023
Quota 3: for US$7.570 13 2023 June
Quota 4: for US$7.570 August 14 2023
Quota 5: for US$7.570 13 October 2023
Quota 6: for US$7.570 December 8 2023
Quota 7: for US$7.570 February 9 2024
$ 58.000

Financing options

Once admission has been received, there are several financing options, scholarships and other resources that INCAE makes available to applicants to cover the costs of the executive master's degree.

Because the institution receives students of various nationalities, it is recommended in the first instance to visit the local Ministry of Foreign Affairs of your country, as well as scholarship offices of higher education institutions, which can provide specific information to the particularities of each applicant.

Some financing options:

 

  • Costa Rica: BAC Credomatic, Banco Nacional, Banco Popular, CONAPE, COOPENAE, COOPESERVIDORES.
  • Nicaragua: Banpro, BDF and BAC Credomatic
  • Guatemala: G&T Continental, BAC Credomatic and Banco Industrial.
  • Honduras: Banco Lafise, BAC Credomatic and Ficohsa
  • El Salvador: Davivienda, Banco Agrícola and Banco Industrial.
  • Panama: IFARHU.
  • Peru: BCP and BBVA
  • Paraguay: Banco Vision and Banco Atlas
  • Bolivia: Banco BISA SA and Banco Crecer
  • Ecuador: Bank of Guayaquil and Banco Pichincha.
  • Dominican Republic: Fundapec
  • Colombia: Bancolombia
.

INCAE reserves the right to change the programming and the assignment of Faculty