With nearly 1000 AACSB-accredited business schools and over 250,000 MBA students worldwide, aspiring business leaders may find themselves overwhelmed with options. Crimson’s new blog series, The Best MBA Program in… will take a look at the top B-schools around the world, organized according to country. Today, let's take a look at Chile.
Chile, a South American country consisting of 4000 miles of coastline between the Andes and the Pacific Ocean, may be best known for its wine, poetry, and folk music. However, the country has experienced rapid development following its return to democracy in the 1990s through a diversified economy based on the mining of copper and lithium, and the exports of agricultural products, wine, and seafood, alongside tourism, technology, and service industries. Today, Chile is experiencing increased growth in the telecommunications, green energy, and information technology industries.
Founded by the Venezuelan humanist Andres Bello in 1843, the University of Chile is the nation’s oldest university, consistently ranking among the top universities in Latin America. For students looking to conduct business in this region and cultivate experience in an economy at the intersection of exportation, service, and technology, the University of Chile’s Global MBA is an excellent choice. Let’s take a look at what UChile’s Global MBA has to offer.
The UChile Global MBA is an eighteen-month program divided into several parts. Students begin by studying in Santiago, Chile. During these nine months, they study core courses such as Business Policy, Marketing, International Economics, and Management Skills. Upon completion of this core curriculum, students enroll in one of three eight-month study abroad programs in Canada, Australia, or the United Kingdom. Through the Sauder School of Business at the University of British Columbia, Canada, students have the opportunity to earn an additional certificate in Global Management. At Cranfield University’s School of Management in the UK and at Macquarie University’s Graduate School of Management in Australia, students earn a dual MBA in tandem with the University of Chile.
Once completing their education in the anglosphere, students participate in a two-week Global Experience Trip in either Hong Kong, Shanghai, or Beijing, during which students meet with business leaders and professional organizations and take in the sights and sounds of a major Chinese metropolis. After their immersion trip, students return to Chile, where they complete their capstone—a global management response to a problem faced by a real-world business.
First established in 2007, the UChile Global MBA is a relatively young program, but one that has established a strong reputation and extensive network in less than two decades. Ranked first in Chile and sixth in Latin America, this program’s graduates see their salaries increase by an average of 125% within three years of graduation, offering a strong return on investment. As an international program with an eight-month stint in an English-speaking country, the UChile Global MBA requires a score of at least 90 on the TOEFL exam or 6 on the IELTS exam. In return, the MBA degree also carries with it a certificate demonstrating a mastery of Business English.
In summary, graduates receive an MBA from the University of Chile, and either an MBA or a certificate in Global Management from the top-100 school in the anglosphere where they conducted their foreign exchange, as well as a certificate in business English. This B-school is an excellent option for students looking to personalize their skill sets through an MBA program that offers a range of degrees and certifications.
Chile is experiencing a moment of transformation as it continues to diversify away from an extractive economy and into one based on green energy, telecommunications, information technology, and service industries. As the world’s largest supplier of copper and the second largest supplier of lithium, Chile also sits at the intersection between Western and Asian economies, providing huge amounts of these minerals to both markets—a demand that is sure to increase in the coming years. For students wanting to study business at the crossroads of Latin America, the East, and the West, UChile’s MBA offers the perfect balance between study abroad opportunities in English-speaking countries, a cultural immersion trip in China, and nine months of instruction in Spanish from academics and business leaders at one of Latin America’s most prestigious universities.
If you want to hone your MBA applications and find your perfect program, don’t hesitate to reach out to one of Crimson’s expert advisors. We can’t wait to meet you!