Known as the home of the Amazon Rainforest, Brazil is the largest country in Latin America. It is also the largest Portuguese-speaking country in the world, giving it distinction among the Portuguese-speaking people. Brazil also holds the distinction of bordering all South American countries, with the exception of Ecuador and Chili.
Because Brazil contains the world's seventh largest economy in both GDP and purchasing power, and is one of the world's fastest growing economies, business in Brazil is a promising field. It is considered an emerging global power and is poised to have a powerful position in the global economy in the near future.
Study Business in Brazil
Today, many business students are turning to Brazil as they seek a business degree from an emergent economy. Yet, getting a business degree in Brazil brings some significant challenges. Those considering a master's in business from Brazil need to understand these challenges. Most universities offer MBA programs on a part-time basis, not a full-time basis. High interest rates on student loans make it difficult for national students to pursue a full time degree in this field, so most students are working students. This means it's difficult to say how long, specifically, the program will take. Most programs are offered in Portuguese, so a knowledge of the native language of Brazil is necessary for success in this field.
Brazil has many universities, but only a handful are open to international students and only a handful have MBA programs. Finding a university that does both is the challenge for those who wish to study business in Brazil.
The Law of Directives and the Bases of Brazilian Education requires all academic years, including universities, to have 200 days. Most universities begin their school year the first week of February, then end the first week of December, with a two-week break in July for winter. In the northern areas of Brazil, however, the school year may follow that of northern countries, starting in September and ending in June. Academic terms are called either periods or semesters in Brazil.
The cost for an MBA in Brazil is going to vary depending on the university chosen. Scholarships are available. Upon graduation with an MBA degree in Brazil, you can expect to find better employment opportunities in businesses throughout South America.
All foreigners that wish to study in Brazil need to apply for a student visa beforehand. The main requirement to get a student visa is that you are enrolled at a Brazilian university that is registered with the Ministry of Education in Brazil.
All Brazilian student visas are called Temporary Visa IV, or VITEM-IV. You can apply for your visa at the nearest General Consulate or Brazilian embassy. For an overview of Brazilian missions abroad, visit: http://www.itamaraty.gov.br/en/brazilian-missions-abroad
Before going to the embassy, you should consult their website to obtain a student visa application, a list of requirements, and to verify the application process and timetable.
After being granted the visa, you will have three months to enter Brazil.
The VITEM-IV are valid for up to one year at a time, depending on the length of the course you are enrolled in, and can be renewed in order for you to finish the course. For interns, the student visa is valid for one year and cannot be renewed.