Accreditations | INCAE Master Programs


INCAE Business School holds three prestigious global accreditations, providing its graduates all the benefits of a globally recognized degree, which is an important jumpstart for any international career. INCAE was the first business school in Latin America to receive all three such accreditations.

The Southern Association of Colleges and Schools (SACS): in 1994 INCAE was the first business school outside North America to receive this accreditation.
The Association to Advance Collegiate Schools of Business International (AACSB): in 1998, INCAE was invited to participate in a pilot project for international accreditation, and it was among the first business schools outside North America to receive this honor.
The European Quality Improvement System (EQUIS): this accreditation was granted to INCAE in 2003 by the European Foundation for Management Development (EFMD).


Consistently over the last ten years, INCAE Business School has achieved relevant positions in outstanding international rankings. These rankings evaluate business schools and qualify them according to previously established criteria, determining their positioning at a global and regional level.

According to EDUNIVERSAL, the only tool that offers a real international perspective on higher education, INCAE ranks # 1 in full-time master's degrees in Latin America.

On the other hand, a globally recognized publication that evaluates business schools to create a recognized global ranking is the Financial Times. INCAE Business School has consistently held positions in the different rankings of this publication, the most recent being:

# 1 Business School in Latin America, FT Global MBA Ranking 2017.
# 5 in the world in salary increase, FT Global MBA Ranking 2017.
# 7 in the world in Career Progress, FT Global MBA Ranking 2017.
# 1 in Central and South America in Entrepreneurship Programs, FT MBAs for entrepreneurship  2017.
Top 15 in the world in International course experience, FT Global MBA Ranking 2017.
Top 50 in the world in Finance,  FT MBAs for Finance 2017.

INCAE also stands out in other important publications, ranking in the Top 100 of the best International Business Schools according to Poets and Quants 2016 and  # 9 in the world in the category of Executive MBA (EMBA), according to CEO Magazine 2017.


INCAE is also affiliated with:

BALAS (Business Association of Latin American Studies),
CLADEA (the Latin American Council of Business Schools, or Consejo Latinoamericano de Escuelas de Administración
CFA Institute (Chartered Financial Analyst Institute)


SACS Accredited

The Southern Association of Colleges and Schools (SACS) is one of six regional associations recognized by the United States Government which collectively cover the national territory for the purpose of guaranteeing the finest academic standards through a peer review process, without direct government involvement.

SACS is the regional association responsible for accrediting universities and schools in the southeastern United States and in Latin America. This accreditation is a prerequisite for participating in educational assistance programs of the United States federal government. In 1994 INCAE was the first and continues to be one of the few postgraduate business schools outside North America to be accredited by SACS.

As part of the SACS reaffirmation of accreditation process, schools must develop a "Quality Enhancement Plan," which is a broa-based process that identifies goals related to student learning outcomes and contains a plan to assess their achievement. The QEP identified by INCAE is "Critical Thinking for Action," which reflects the school´s commitment to developing leaders able to solve problems and to implement those solutions.


EQUIS Accredited

EQUIS (the European Quality Improvement System) is a European accreditation and guarantee of quality awarded by the "European Foundation for Management Development" (EFMD), whose basic objective is to elevate the standards of business education in Europe and around the world. EFMD is an international organization that has 650 institutional members including academic organizations, business firms, public service organizations, and consultancies in over 75 countries. EFMD provides a unique forum for the Exchange of information, research, networking, and debate on innovation and best practice in managerial development.


AACSB Accredited

The "Association to Advance Collegiate Schools of Business" (AACSB) is an organization that has historically been the most important accrediting association of business schools in the world. It was founded in 1916, for the purpose of bringing together the finest business schools in the United States to ensure the highest educational standards. The AACSB accreditation is a distinction

INCAE was among the first business schools outside the United States to be accredited by AACSB. The peer review team, made up of deans of business schools, recommended unanimously that accreditation be awarded to INCAE for its academic excellence, innovativeness and uniqueness. Special mention was given to the scope and quality of its educational and research programs,, its faculty, its strategy for developing new faculty, and the firm commitment of all members of the INCAE academic community to the school´s mission.

Quality Enhancement Plan (QEP)

The QEP Program that INCAE has undertaken is designed to make a measurable impact on the critical thinking abilities and implementation skills of our students by improving the design of courses and strengthening the rigor and quality of case method teaching and experiential learning that goes on in the classroom.

This will be achieved through three major components:

  1. Curriculum review and redesign
  2. Measurement of critical thinking
  3. Faculty development

QEP Working Documents

Date | Name

Jun. 2009 - Report on Standardized Tests on Critical Thinking
Feb. 2010 - INCAE Quality Enhancement Plan
Feb. 2010 - INCAE QEP Summary

Assessment of Learning

The following links lead to the full report on the Assessment of Learning of the area of Operations Management 2014, with the analysis of both performed tests, knowledge and critical thinking. 

  1. Aol – OM 2014 – Knowledge Test, Results tables. Download here.
  2. Aol – OM 2014 – Critical Thinking Test, Results tables. Download here.

Download the test report.

This test was taken by the MBA 2015 Costa Rica class in the year 2014.

Statistics about INCAE's MBA

You can download our MBA statistics here