Chile is a vast and varied country in which you’re just as likely to find arid deserts as snow-topped mountain ranges. It is one of the safest, least corruptible, and economically-advanced countries in Latin America that also offers high-quality education for a much more affordable price than equivalent institutions in Europe, the USA, and Asia. Despite being one of the smallest nations in South America in terms of population, it regularly outperforms its neighbors when it comes to higher education – evidenced in the fact that two of the top 10 universities in the most recent QS Latin America University Rankings hail from Chile.
The majority of Chile’s universities and business schools can be found in its capital, Santiago, where around 40% of the total Chilean population resides. It is the economic driver of the country, not only attracting students from the rest of the continent but also from the USA and Europe. With tuition fees increasing more and more in many parts of the world, joining the growing number of international students in this emerging higher education hotspot could be the best decision you ever make.
As one of the most prosperous countries in Latin America, living costs in Chile are higher than its neighboring countries – but still lower than many European and Asian countries. International students should budget a minimum of CLP500,000 (US$600) per month, excluding rent. Larger cities like Santiago, Valparaíso, Concepción, and Puente Alto, will be more pricey. Given that both public and private schools in Chile decide their own tuition fees, the cost of doing an MBA in Chile can vary massively – but most business schools charge around EUR€20,000-30,000.
All international students are required to apply for a student visa to do an MBA in Chile. You will need to provide a valid passport, proof of enrolment, a medical certificate, and a police clearance certificate among other documents. A student visa is valid for a period of 12 months, and you are responsible for filing for renewal before your visa expires. The visa application fee ranges from US$50-150, depending on the country you’re from.
Chile is one of the most prestigious countries in Latin America when it comes to higher education. Two of the top 10 universities in the most recent QS Latin America University Rankings hail from Chile.
Chile has a high-income economy and is a leader in Latin America in terms of economic freedom, income per capita, and competitiveness. Although an increasing percentage of the population now holds university degrees, the rate is still lower than in many European and Asian countries. This means a master’s degree or MBA could put you in prime position to secure the top jobs in the country. Note, however, that a high level of Spanish is essential for the vast majority of these roles.
In an attempt to attract and retain highly-educated foreign nationals and skilled workers, the government of Chile offers a Temporary International Orientation Visa for anyone who has earned a postgraduate degree from an accredited Chilean university and would like to work in Chile.
In the Chilean higher education system, there are 61 universities, with over 750,000 students. The number of international students in Chile is growing year on year due to the reasonable tuition fees and living costs, coupled with high standards of teaching.
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