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Study MBA in Colombia 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 Colombia

Colombia's rich culture and zest for life makes it the ideal place to study. The country, which is located in South America borders Panama, Venezuela, and Brazil. This Spanish-speaking country is home to more than 48 million people. Much of it is tropical and high temperatures are common. The biodiversity, climate, and rich culture make this location unique. It has a science and technology-based economy and a powerful religious base. For those considering obtaining a business degree here, there are numerous reasons to do so including its invigorating cuisine, love of sports, growing economy, and strong historical background.

Business Studies in Colombia

For those who wish to study in Colombia, numerous opportunities exist. The country has several universities and educational institutions that each professional and technological programs to prepare the student for their career path. It is common for undergraduate business degrees at universities to last as long as five years. Universities offer undergraduate and grate programs as well as a doctoral degree in some fields, including business studies. These programs range from an additional one to three years, depending on the educational focus.

The academic year in Colombia begins in February and ends in June, as the "A" semester. The "B" semester begins in July and ends in November. Foreign students are often welcome here. Students wishing to enroll will need to pass a national exam and have accredited-education in their background. All students will need to be enrolled in at least 10 hours per week of school to maintain a Temporary Student Visa, which is obtained at a Colombian embassy.

When it comes to studying business in Colombia, there is no shortage of opportunities available. Degree programs in business for Colombia students include business management, business entrepreneurship, administration, finance, and human resources. The courses allow students to customize their educational plan to achieve their specific goals.

The higher education system in Colombia is ranked high for the area. Many of the classes are taught in Spanish, though some may be available in English. Post graduate, students may enroll in more advanced courses or they will find plenty of opportunities for employment if they've obtain a high level degree. Keep in mind, though, that post graduate employment for international students is not allows allowable. This depends on the specific industry as well as the demand for workers in that field.

With education that costs between $6000 and $14,000 per year in US dollars, Colombia can be an affordable place to obtain a master's degree in business or a bachelor's degree in business. However, students may not find long term opportunities here.

Visa Requirements

  • Migrant visa of category 9 (M-9 visa) - replacing the old TP-3 visa as of December 15, 2017.
  • If your course lasts less than 6 months, you may be able to use a tourist visa.

What type of Visa do you need?

Visa name

Migrant visa of category 9 (M-9 visa); Tourist Visa

Price and currency

The visa fee will depend on your nationality. For US applicants, the cost for the M-9 student visa is $67 USD.

Who can apply for the visa?

To qualify for the Colombia Student Visa you need to have enrolled in a qualified educational institution in Colombia with a class intensity of at least 10 hours per week.

All universities require you to have a Student Visa if you are enrolling on a course for 3 months or longer.

Citizens of several countries including Australia, Canada, France, Germany, the United Kingdom, and the United States do not need a visa to enter Colombia as a tourist for up to 90 days. A Colombian “tourist” visa isn’t a formal visa. It’s just a stamp in your passport. Furthermore, a “tourist” visa can be extended by 90 days at any Migración Colombia office in the country. If you are studying at a non accredited school for a period shorter than 180 days, you can do so under a normal Tourist Permit (PIP-5) and don't need to apply for a visa.

Where can you make the application?

Colombian consulate or online

You can apply for a Colombia student visa at a Colombian consulate or online.


How to make the application?

If you are applying online, you will need the following:

  • Photocopy of the first page of your valid passport with your personal data.
  • Photocopy of the page of your passport with the last stamp of entry to or departure from Colombia.
  • If you’ve had a previous Colombian visa, a photocopy of this visa.
  • Photocopy of university registration form signed by a school official.
  • Certification or document from the school, stating that the class timetable is a minimum of ten (10) hours per week.
  • Photocopy of “certificate of existence and legal representation” from the university.
  • Authorization of the parents and designation of the person responsible for the student during his/her stay in Colombia, authenticated by a Colombian notary or consul in the case of minors.
  • A letter (in Spanish) from the person with economic responsibility for the student guaranteeing the expenses of the student and documents showing economic solvency. If you are a student, the letter should say you will be financially responsible for yourself while in Colombia. To show “economic solvency” you could use a bank “certificate” showing the average balance over the past six months is greater than 10 times the legal minimum wage in Colombia or 7,812,420 pesos ($2,605 at an exchange rate of 3,000 pesos to the USD) in 2018. And this certificate should be notarized and translated. Or you can provide six months of bank statements with no need for translation. Also, credit card statements that show a sufficient available balance can be used.
  • Passport style face photo with a white background, sized at 3 cm width X 4 cm height, the maximum size of 300 kb jpg file for online application.

If your consulate does not allow you to apply online, then take the documents mentioned above to the consulate at the time of your appointment and complete the process they indicate.​ If you apply in-person, the agent will ask you questions, fill out the online application for you, scan all your documents and return them to you as well as take your photo with a digital camera.

Once you receive your electronic visa, you must go to a Colombian consulate to get it stamped on your passport.

After you have successfully received your Colombia Student Visa you will have a maximum of 15 days to register your visa with Migración Colombia to get a Cedula de Extranjeria (Colombian ID for foreigners). This must be done in-person.

When should you apply?

The length of time given for the Colombian student visa depends on the length of your planned enrollment and can be up to three years.

Processing time

Work opportunities

With the M-9 student visa, you are not permitted to work in Colombia.

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.