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Study MBA in Chile 2024

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Basic monthly living cost

  • Rent in a shared flat

  • Share of utilities

  • Internet subscription

  • Local transportation


Sample lifestyle cost

  • Fast food combo

  • Cinema ticket

  • Pint of local beer


About Chile

Chile is a country located on the western coast of South America. This long, strip of land stretches from the coast to the Andes mountains. This Spanish-speaking country is home to about 17.8 million people. It's known as one of the continent's most stable countries. It is also one of the most prosperous due to the economic freedom that citizens have here. Known for its passionate lifestyle, which includes a focus on music, dance, and cuisine, Chile is a fantastic place to visit, study, or live. For those who are considering obtaining a business degree in Chile, there is no doubt there are opportunities present here.

Business Studies in Chile

Chile's citizens place a high respect on education especially at the university level. In fact, some of the world's best universities are present here. Perhaps the most notable are Pontifical Catholic University of Chile and the University of Chile. Students attending these or any of the other schools will find that the quality of education is good and the program options in business studies are numerous. All courses throughout the country are taught in Spanish, making it a requirement for all students. Keep in mind that many people speak English in Chile, but it is not taught at all college courses.

There are many of things to look forward to when getting a business degree in Chile. A bachelor's degree in Chile is the most common first step. IT takes about four years to complete. A master's degree takes generally two years to complete, but may be more or less depending on the student's specific needs.

In terms of costs, Chile's higher education system is not free. As an average, students can expect to pay about $5,000 per semester for a quality school and, for a public university, about $1,000. Transportation, room and board, and textbooks are additional. The school year here begins in September and runs through June or July of the following year. Generally, school is broken up into two semesters, but some schools offer additional programs during the winter months.

Students can learn a number of business focuses here including business administration, management, and economics. Programs for MBA and PhD programs are available in business studies as well. These programs offer a wide range of specialization.

For students who plan to graduate with a business degree from Chile universities, the options after graduation are numerous. With a prospering economy, it is often possible to find employment in many of the businesses established or headquartered here. Some will go on to open their own businesses as well.

Visa Requirements

  • Tourist Visa - if your study period in Chile is less than 90 days.
  • Student Visa (Visa de Estudiante) - if your study period in Chile is longer than 90 days.

What type of Visa do you need?

Visa name

Tourist Visa; Student Visa

Price and currency

The visa fees vary depending on your nationality. Contact your nearest Chilean embassy to know the exact fees.

Who can apply for the visa?

International students whose period of study in Chile is less than 90 days do not require a student visa. They can study in Chile on a tourist visa. With this option, you must leave the country every 3 months in order to renew the visa if you wish to stay longer.

If the duration of the studies in Chile is more than 90 days, in that case, international students are required to apply for a student visa.

Nationals of a number of countries may be exempted from a tourist visa, see an overview here:

Where can you make the application?

Chilean embassy/consulate

International students who require a student visa in order to study in Chile must apply for it at the Chilean embassy/consulate in their place of residence.


How to make the application?

You will need to present the following documentation to the Chilean embassy/consulate:

  • Passport and three passport-size photos
  • Proof of adequate funds to cover the cost of study and living in Chile
  • Letter of acceptance from the higher education institution in Chile
  • A letter of police clearance
  • Health insurance
  • Birth certificate
  • Medical certificate
  • Certificate indicating that you have obtained a scholarship/loan
  • Paid visa fee receipt
  • Return or onward ticket

When should you apply?

Allow around 2-6 weeks for the issuing of your student visa to Chile.

The student visa “Visa de Estudiante” is valid for a maximum of one year but can be extended. You can apply for the extension at the immigration office before the first visa expires.

For students on a scholarship program, the student visa is valid for the duration of the scholarship.

Processing time

6 Weeks

Work opportunities

It is illegal to work in Chile if you hold a student or tourist visa.

Hours per week


Why do you need this type of visa?

Your visa application may be rejected if you are not able to show proof of the required funds, or if you provide incorrect or incomplete documents.