Advanced Business Degrees in Emerging Markets: Brazil
Many of today’s business schools offer a Brazilian residency as part of their MBA or Executive MBA program. McDonough School of Business at Georgetown University, Darden School of Business at the University of Virginia, George Mason School of Business, and Owen Graduate School of Management at Vanderbilt University are just a few. Through lectures, guest speakers, and visits to local businesses, students participants in these overseas residencies learn about the challenges and complexities associated with doing business in the global marketplace. Each program covers critical areas such as financial, legal and political structures, economics, staffing, social customs, and career issues for expats.
The reason these schools and others have chosen the 2016 Olympic host-country as a top study abroad destination is simple. Brazil has the largest economy in Latin America and despite the country’s recent troubles, the economy showed improvement in the second quarter of 2016. Although slow, economists do predict a recovery in a country that has grown from 197 million residents in 2011 to 204 million residents in 2015.
While a Brazilian residency certainly offers MBAs a rare opportunity to experience life and learn the basics of business in Latin America, earning your MBA in Brazil can fully prepare you to work in the general Latin American business environment by teaching the traditional MBA curriculum in addition to expanding on the critical areas listed earlier. Students can also expect to find just as many areas of specialization as other business schools offer. For example, Fundação Instituto de Administração (FIA) in Sao Paulo offers more than 10 specializations. Finance, International Business Management, Trade and Operations, Corporate Marketing, Banking, and Human Resources are just a few.
With a shortage of internationally trained managerial talent in Brazil, graduates of these programs can expect access to a large number of opportunities at small and mid-sized companies up to large, multinational corporations. And should they decide to return to the U.S. to seek out opportunities at home, American MBA graduates from top Brazilian schools will surely stand out in a sea of qualified job applicants.
So how easy is it to find a business school in Brazil? Very easy. Finding a quality business school in Brazil? Well, that might take a bit of research savvy on your part. Fortunately, we did some of the work for you. The following Brazilian business schools are definitely worth exploring and most offer English-language MBA programs. However, if you are planning to do business with Brazilian companies, learning the official language (Portuguese) is highly recommended.
*Fundação Getúlio Vargas (FGV-EAESP)
Campuses: Sao Paulo, Rio de Janiero
Offerings: MBA in Strategy, Finance, Leadership or Marketing, Global Executive MBA
*FGV is the first Latin American school to earn the “Triple Crown”— AACSB International, EQUIS (European Quality Improvement System), and AMBA (The Association of MBAs) accreditation.
IESE Business School University of Navarra
Campuses: Sao Paulo, New York, Munchen, Madrid, Barcelona
Offerings: MBA, Executive MBA, Global Executive MBA
Business School São Paulo (BSP)
Campuses: Sao Paulo
Offerings: MBA, Executive MBA
Fundação Instituto de Administração (FIA)
Campuses: Sao Paulo
Offerings: International Executive MBA, MBA in Finance, International Business Management, Trade and Operations; Information Technology Management, Corporate Management, Marketing, Human Resources, Retail Business: Strategy & Management, Banking, Strategic Management of Agribusiness, Americas MBA - English, International MBA – English
Coppead Graduate School of Business, The Federal University of Rio de Janiero
Campuses: Rio de Janiero
Offerings: MBA in the areas of Finance and Managerial Control, Operations, Technology and Logistics; Marketing and International Business, and Organizations, Strategy and Information Systems
While each school has a different admissions process, the country’s most prestigious business schools typically require:
- A high GMAT or GRE score
- A 3.0 or higher GPA at an accredited college or university
- Several recommendation letters
- Letter of intent
- Work experience
- Proficiency in Portuguese (if the program is not fully in English)
- Temporary visa known as VITEM IV (for foreign students only)
Tuition costs are all over the map and change often. For example, Coppead markets its program as a post-experience, 18-month, tuition-free MBA, while the Fundação Getúlio Vargas (FGV-EAESP) MBA costs BRL$161,835.00 ($49,060 USD) as of September 2016. The best thing to do is check with the school for current tuition rates during your search. Click here to find out how to use federal financial aid to finance your education abroad.
Note: All MBA program information has been obtained from each business school’s official website. All information was accurate at the time this article was published.
"Brazil Economy - GDP, Inflation, CPI and Interest Rate." Focus-Economics. Focus Economics, 13 Sept. 2016. Web. 14 Sept. 2016.
"Brazil Study Abroad Program.” Desautels Faculty of Management – McGill University, News. McGill University McGill University, Montreal, Quebec, 04 Jan. 2013. Web. 12 Sept. 2016.
"Business School and Brazil – a Winning Combination?" Desautels Faculty of Management, News. McGill University McGill University, Montreal, Quebec, 04 Jan. 2013. Web. 12 Sept. 2016.
"International Residency." Owen Graduate School of Management. Vanderbilt University, n.d. Web. 14 Sept. 2016.
Mayotte, Betsy. "Use Federal Financial Aid to Pay for College Abroad." U.S. News & World Report Education. U.S. News & World Report, 25 Feb. 2015. Web. 12 Sept. 2016.
Mello, Juliana. "Getting a Business Degree in Brazil." The Brazil Business. The Brazil Business, Sao Paulo, Brazil, 29 Oct. 2013. Web. 12 Sept. 2016.