Top 5 MBA Programs in Latin America 2021 |

Top 5 MBA Programs in Latin America 2021

By Linda M

Updated September 24, 2020 Updated September 24, 2020

The QS Global MBA Rankings 2021 have been released today, ranking business schools from around the world. The rankings are also split up into regions: Europe, Asia, Oceania, Latin America, US and Canada.

MBA programs were ranked based on the indicators of employability, entrepreneurship and alumni outcomes, return on investment, thought leadership, and diversity. You can find out more about the rankings’ methodology here.

The top 5 business schools in the Latin American MBA Rankings 2021 are:

QS Global MBA Rankings 2021: Top MBA Programs in Latin America

Latin America Rank

Global Rank




EGADE Business School



INCAE Business School






Universidad de Palermo (UP)



IAE Business School, Universidad Austral

5) IAE Business School

  • Tuition: US$28,000
  • Students in class: 38
  • Percentage of female students: 29 percent
  • Percentage of international students: 34 percent

First on the list and up two places from last year’s rankings is IAE Business School. The 10.5-month IAE MBA equips students with core management skills through three sets of fundamentals and 19 electives. The school also offers exchange opportunities with other business schools in Europe, the US and Latin America, including emlyon Business School, IESE Business School and the University of Virginia Darden School of Business.

4) Universidad de Palermo

  • Tuition: US$13,100
  • Students in class: 105
  • Percentage of female students: 55 percent
  • Percentage of international students: 59 percent

Just missing out on a top three spot is the Universidad de Palermo. The 18-month MBA is comprised of 16 courses surrounding key business areas, 40 hours of workshops and a thesis. Students have the option to undertake an intensive exchange with NYU Stern School of Business for five to six weeks; or, complete the Entrepreneurship program exchange at Babson College, F.W. Olin Graduate School of Business in their second year.

3) Instituto Panamericano de Alta Dirección de Empresa (IPADE)

  • Tuition: US$51,350
  • Students in class: 125
  • Percentage of female students: 36 percent
  • Percentage of international students: 18 percent

Kicking-off the top three is the 22-month MBA at IPADE, which focuses on giving students a global outlook on business. Candidates undertake an industry simulation and go on study trips to learn about international business culture. The school also offers an International Week and a Global Case Competition to give students the opportunity to network within a multicultural business community.

2) INCAE Business School

  • Tuition: US$61,225
  • Students in class: 41
  • Percentage of female students: 29 percent
  • Percentage of international students: 74 percent

INCAE’s 15-month MBA Latin America Leadership program is taught in Spanish with some electives in English. The Management Consulting Project (MCP) is the program’s flagship learning initiative, where students learn how to deal with strategic issues faced by management in organizations. Students can also choose to participate in industry-specific organizations including the MBA Oath Club, Leadership and Diversity Club, Strategy and Consulting Club and the INCAE Investment Club.

1) EGADE Business School

  • Tuition: US$50,705
  • Students in class: 15
  • Percentage of female students: 47 percent
  • Percentage of international students: 20 percent

Retaining the number one spot as the best b-school in Latin America is EGADE, which received the highest scores in the region for entrepreneurship and alumni outcomes, return on investment and employability. During the 12-month MBA, students can take advantage of exclusive agreements with more than 50 international institutions, as well as the intensive EGADE MBA National Meeting, where MBAs meet for an enriching academic and professional experience.

Other programs in Latin America

Other notable schools in Latin America include ESAN Graduate School of Business, CENTRUM Católica, Universidad EAFIT and new-entry Universidad ICESI.

This article was originally published in September 2020 .

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Written by

Linda is Content Writer at TopMBA, creating content about students, courses, universities and businesses. She recently graduated in Journalism & Creative Writing with Politics and International Relations, and now enjoys writing for a student audience. 


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