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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 in 17 weeks in a period of 17 months. That incorporate 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 full 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

In this module, students will have the opportunity to strengthen their appreciation of business, economic and cultural dynamics in Asia and Singapore.
They will be able to learn about: Strategies to succeed in Asia, Leadership in Asia, Innovation in Asia, Sustainability in Asia, History 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: 

  • 71% men, 29% women
  • 5 years of management experience or 12 years of professional experience
  • Average age of 35 years

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 view 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 the National University of Singapore.
  • 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 10 countries. You will also exchange ideas with world-class experts, entrepreneurs and guests and have access to the Inca network that includes more than 16.000 directors and managers from all over Latin America.

Academic content

2. Modules

Module 1

Location:

Panama, ONLINE, IN-PERSON

Themes:

  • Communication and Ethics
  • Leadership and Skills Development
  • Introductory Accounting and Finance (Online)

Module 2

Location:

ONLINE

Themes:

  • Financial mathematics
  • Critical Thinking and Decision Making

Module 3

Location:

Costa Rica, FACE-TO-FACE

Themes:

  • Political analysis
  • Economic analysis

Module 4

Location:

Panama, IN-PERSON

Themes:

  • Strategy
  • Financial Strategy

Module 5

Location:

Spain, IN-PERSON

Themes:

  • Strategic Talent Management

Module 6

Location:

Panama, ONLINE, IN-PERSON

Themes:

  • Marketing strategy 
  • operations management

Module 7

Location:

Panama

Themes:

  • Supply Chain Management
  • Business simulation

Module 8

Location:

Panama, IN-PERSON

Themes:

  • Corporate Finance
  • Design Thinking: Customer-centric innovation

Module 9

Location:

Panama, IN-PERSON

Themes:

  • Corporate Finance
  • Digital marketing 

Module 10

Location:

ONLINE

Themes:

  • Leadership and Skills Development
  • Negotiation

Module 11

Location:

United States, IN-PERSON

Themes:

  • Driving Strategic Innovation in your firm

Module 12

Location:

Panama, IN-PERSON

Themes:

  • Managerial control

  • Information systems

Module 13

Location:

Singapore

Themes:

  • Doing Business in Asia

Module 14

Location:

Costa Rica, FACE-TO-FACE

Themes:

  • Creating Value From Values
  • Strategy implementation
  • Leadership and Skills Development & Persuasion and Influence

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 age of 30 years
  • Curriculum Vitae
  • Interview with the Admissions Manager
  • Complete the application for admission
  • Cancellation of US $ 150 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

FAQs

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
    CEO

    He is a Full Professor at INCAE Business School, specializing in the areas of Strategy and Entrepreneurship, and was Dean of INCAE Business School from 2001 to 2007. He is currently the Academic Director of the Executive MBA (EMBA) and the Senior Management Program.

  • Michelle Quintano
    Teacher

    Professor and Dean of Academic Programs at INCAE Business School. Michele has a doctorate in Management Sciences from ESADE Business School-Ramón Llull University - Spain. He holds a Master's Degree in International Management awarded by CEMS. Graduated in Business Administration, Università Commerciale “Luigi Bocconi”, Italy.

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

    He is Associate Professor of technology and innovation management at INCAE, the leading business school in Latin America, where he also serves as academic director of the executive master's degrees in marketing and digital transformation.

  • Arnold Camacho
    Teacher

    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. He got a Ph.D. in Finance and Development, and an MA in International Economics from Ohio State University, as well as a Bachelor's Degree in Civil Engineering from the University of Costa Rica, with Graduation with Honors.

  • Maria Elena Carballo
    Teacher

    She is an emeritus professor at INCAE Business School where she teaches courses in the areas of humanities and communication. She obtained a doctorate in Literary Studies and a master's degree, both from Brandeis University, in the United States. Her doctoral thesis was on "The Autumn of the Patriarch", by García Márquez, and the Spanish-American novel of the dictatorship.

  • Camelia Ilie
    Teacher

    Camelia Ilie is an entrepreneurial leader with over 25 years of experience in value creation, strategic transformation, innovation, business efficiency and P&L management in Europe, Latin America, and the USA. She is Dean of Strategy and Institutional Affairs, Chair of the Center for Leadership, and Professor at INCAE, a leading business school in Latin America. With a team of excellent leaders, they transformed the business model of executive education by focusing the portfolio on developing competencies and skills for the future. They also developed an online start-up in partnership with Emeritus, a leading global EdTech player, growing from 25 to over 6,500 participants from over 15 countries annually.

  • Maurice Jenkins
    Teacher

    He is a Full Professor at INCAE Business School where he teaches courses in the areas of finance and international business. He earned a Ph.D. with a specialty in International Economics and Finance, and a Master's in International Economics and Finance from Brandeis University. In addition, he obtained a Master of Business Administration with distinction from INCAE Business School and a Bachelor of Civil Engineering from the University of Costa Rica.

  • Luis Eduardo Lopez
    Teacher

    He is a Full Professor at INCAE Business School and a specialist in the area of ​​Operations Management and Technology. He has a Ph.D. from the Massachusetts Institute of Technology-MIT, an MBA from INCAE Business School, he is an Electrical Engineer from the University of Costa Rica, and has an Eng.-BS Marine Engineering from the US Merchant Marine Academy. He has taught INCAE master's courses, both in residential and Executive programs, and in executive seminars in different countries. 

  • Octavio Martinez
    Octavio Martinez
    Teacher

    He is a professor of competitive and corporate strategy at INCAE Business School. He 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's Degree in Industrial Engineering (Cum Laude) from the American University.

  • Philip Perez Pineda
    Teacher

    He is a Full Professor at INCAE Business School where he teaches courses on Sustainability Management, Sustainable Development, Introduction to Financial Simulation and Quantitative Methods. He is a native of El Salvador, obtained a doctorate in Agricultural Economics from Purdue University, an MBA from INCAE with a concentration in Development Banking and Finance, and a Postgraduate Degree in Functional Administration with an emphasis in Agroindustrial Management from the same institution. graduating with distinction. He is also an Agronomist Engineer with a specialty in Irrigation from the Autonomous University of Chapingo, Mexico where he achieved honor roll throughout his entire career.

  • Andrea Prado
    Teacher

    Associate Professor of Organization and Sustainability at INCAE Business School. Andrea is the Director of the Strachan Chair for Philanthropy and Social Investment. She received a PhD in Management and Organizations from the Stern School of Business, New York University; a Master's Degree in International Economics from the University of Essex, UK; and a bachelor's degree in Economics from the University of Costa Rica. She received a Fulbright scholarship for her doctoral studies and a Chevening scholarship for her master's studies.

  • Arnoldo Rodriguez
    Teacher

    Associate Professor at INCAE Business School, where he teaches in the areas of Financial Accounting, Management Accounting and Control. He earned his doctorate from the Carlson School of Management at the University of Minnesota. Likewise, he is a graduate of the INCAE MBA. Professor Rodríguez is the Director of the Master's program in Analytics, Innovation and Technology (MAIT) at INCAE.

  • Roy Gerardo Zuniga
    Teacher

    Full Professor at INCAE Business School. 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 on Strategy Execution and Operationalization. He has a Master of Philosophy in Strategic Simulation and Organizational Learning from Manchester School of Management. He holds a Master of Science in Interdisciplinary Studies and Environmental Management from the University of Oregon, USA. He obtained an MBA with an emphasis in Finance and a Postgraduate Degree in Functional Administration from INCAE, where he graduated with High Distinction.

  • Alberto Trejos placeholder image
    Teacher

    Full Professor at INCAE Business School. He earned his PhD 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 INCAE's Latin American Center for Competitiveness and Sustainable Development (CLACDS). 

  • Florian M. Federspiel
    Teacher

    He is an Assistant Professor at INCAE Business School where he focuses on Management Decision Sciences. He earned his PhD in Management Decision Sciences from IE Business School and an MSc. in International Management from the same school. 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).

  • Luis Noel Alfaro Gramajo
    Teacher

    He is a Full Professor at INCAE Business School. He is an academic, consultant and businessman of Guatemalan nationality. He has been academic director and professor in different executive training programs aimed at the private, public and non-governmental sectors.

  • William Cardoza
    Teacher

    He is a full-time professor (Full Professor) of Innovation and Change Management at INCAE Business School. He holds a Ph.D. in Economics and Development from the Sorbonne Nouvelle-Paris III University, he completed Post Doctorates at KSG-Harvard University and the Sloan School of Management-MIT and is a Visiting Scholar at DRCLA-Harvard University and Sloan School of Management-MIT.

  • Arthur Cross
    Teacher

    Full Professor at INCAE Business School since 1994. He holds a BA from SIS from American University, an MA in International Relations from Johns Hopkins (SAIS), and a PhD in Modern History from the University of Oxford in England. He is a global opinion maker on Latin America and US foreign policy.

  • Serge Restrepo
    Teacher

    Guest professor at INCAE Business School where he teaches marketing and digital transformation. He is a digital marketing expert who understands how to design global and local digital strategies. 

  • Bernard Killian
    Teacher

    He is Dean of Faculty and Research at INCAE Business School, where he also teaches courses in the areas of Microeconomics and Operations Management as a full professor. A native of Germany, he earned a doctorate in Environmental Resource Economics and a master's degree in Agricultural Sciences with an emphasis in Economics, both from the University of Hohenheim, Germany.

  • Urs P. Jäger
    Teacher

    Associate Professor at INCAE Business School. He holds a PhD in Strategic Change Management (Habilitation / tenured) from the University of St.Gallen (HSG), a PhD in Leadership and Business Ethics from the University of St.Gallen (HSG), and a Bachelor's degree in Business Administration from the University of St.Gallen (HSG). He has oriented his work towards the area of ​​General Management and Strategic Change in emerging countries with a focus on the inclusion of formal and informal markets, creating concepts based on the philosophy of processes, to generate a sustainable economic and social impact.

  • Stephen R. Brenes
    Stephen R. Brenes
    CEO
  • Michelle Quintano
    Teacher
  • Juan Carlos Barahona, Ph.D. (MIT)
    Teacher
  • Arnold Camacho
    Teacher
  • Maria Elena Carballo
    Teacher
  • 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
  • Luis Noel Alfaro Gramajo
    Teacher
  • William Cardoza
    Teacher
  • Arthur Cross
    Teacher
  • Serge Restrepo
    Teacher
  • Bernard Killian
    Teacher
  • Urs P. Jäger
    Teacher

The investment for our next edition is

The investment for our next edition is: 
US$59.800

Starts

Start: 
April 2024

Includes:

  • The amount includes registration, tuition, teaching material (95% digital) 
  • For international travel, the cost includes the academic program and materials.
  • The investment includes accommodation and food on campus in Costa Rica.

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 16 equal installments, as follows: 
Edition 2025 - I
Share Date
Quota 1: US$3.425 March 20 2024
Quota 2: US$3.425 April 20 2024
Quota 3: US$3.425 May 20 2024
Quota 4: US$3.425 20 2024 June
Quota 5: US$3.425 July 20 2024
Quota 6: US$3.425 August 20 2024
Quota 7: US$3.425 20 September 2024
Quota 8: US$3.425 20 October 2024
Quota 9: US$3.425 20 November 2024
Quota 10: US$3.425 December 20 2024
Quota 11: US$3.425 January 20 2025
Quota 12: US$3.425 February 20 2025
Quota 13: US$3.425 March 20 2025
Quota 14: US$3.425 April 20 2025
Quota 15: US$3.425 May 20 2025
Quota 16: US$3.425 20 2025 June
Quota 17: US$3.425 July 20 2025
$59.800

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, Banco Crecer, Banco Ganadero
  • 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