MBA Curriculum | Master in Business Administration Degree Program | INCAE Business School


The MBA Latin American Leadership is a program for a world-class MBA degree. It is mainly taught in Spanish with some electives in English. It has a 15 month duration; on the Costa Rican campus plus a Management Consulting Project.

The first part focuses on facilitating the development of managerial skills, as well as knowledge in the functional areas of administration. In the second semester, the students can take elective courses towards the chosen specialty (Sustainability, Marketing, Operations & Technology, Finance & Economics or Entrepreneurship). In the Entrepreneurial track specialization courses will be selected by the program directors according to the specific needs of each student.

The project (MCP) is a fundamental requirement of the program. It deals with an important strategic issue that the management of an organization wants to solve and develop in any country in Latin America, the United States or Europe. The MCP is considered one of the most enriching experiences of the program and becomes a valuable networking opportunity between the students and potential employers.



Introduction to Business Administration


Through the program

  • Critical Thinking and Decision Making
  • Leadership
  • Business Ethics
  • Career Services


  • Advanced Quantitative Methods
  • Communication and Leadership
  • Financial Accounting
  • Digital Transformation 1
  • Finance 1
  • Marketing 1
  • Operations 1
  • HHRR 1
  • Finance 2
  • Marketing 2
  • Operations 2
  • Industrial Organization
  • Managerial Accounting
  • Entrepreneurship / Negotiation
  • Corporate Strategy
  • Women and Leadership**
  • Management Control
  • Digital Transformation 2
  • Human Resources 2
  • Applied Macroeconomics
  • Global Economy
  • Business Strategy
  • Political Analysis
  • Fundamentals of Sustainability


Management Consulting Project


In the Entrepreneurial track, specialization courses will be selected by the program directors according to the specific needs of each student.


Operations & Technology

  • Supply Chain Management**
  • System Dynamics
  • Service Management
  • Operations Strategy
  • Quality Management
  • Project Management**
  • Technology-enabled Innovative Business Models


Finance & Economics


  • International Finance
  • Portfolio Management**
  • Money and Banking
  • Corporate Finance
  • Financial Institutions and Capital Markets**
  • Mergers and Acquisitions
  • Access to Capital in Emerging Markets

These electives and the modular courses cover 70% of the content that the CFA Institute evaluates in its exam to obtain the CFA® Charter.

CFA is a registered trademark owned by the CFA Institute.




  • Sustainability Management 1
  • Sustainability Management 2




  • Market Research**
  • Digital Marketing**
  • Data Mining
  • Brand Management**
  • Advanced Marketing**
  • Social Networks




  • Garage 1
  • Social Entrepreneurship
  • Recognition of Opportunities and Entrepreneurship in Latin America
  • Creation of New Ideas, Companies and Teams
  • Finance for Entrepreneurs
  • Corporate Entrepreneurship and Sustainability


Other Areas


  • Culture and Values
  • Human Resources**
  • International Strategy
  • Family Business
  • Competitiveness of the Nations
  • Risk Management**
  • E-Business



Career Services

*Example of electives that have been offered in the past. The offer and language may change without notice.

**Courses that have been taught in English in the past. The language in which they are taught may change without prior notice.

- INCAE reserves the right to change the course offering -



Executive Education

Executive MBA in Latin America
Financial Times Executive MBA Ranking 2018
Executive MBA in the World
Financial Times Executive MBA Ranking 2018

Full-Time MBA Programs

Full-time MBA in Latin America
Financial Times Global MBA Ranking 2019
Business School in Latin America
Financial Times Américas 2018
Full Time MBA in Latin America
QS Global MBA Rankings 2018
Full-time MBA in the World
Financial Times Global MBA Ranking 2019
in the world Salary percentage increase
Financial Times Global MBA Ranking 2019
in the world in Career progress
Financial Times Global MBA Ranking 2019
Full-Time MBA in Latin America with 4 Palms of Excellence.
Eduniversal 2018
MBA in Latin America
Expansión Magazine 2018
TOP 100
Full Time MBA in the world
QS Global MBA Rankings 2018
Tier 1
MBA Ranking
CEO Magazine 2019


of our faculty have a Ph.D.
of the Top 50 Latin American companies are led by incaístas
of our students are international participants