Santiago, Chile

Business + Culture

Ten winners get free airfare plus $1,000 in prizes to study abroad this fall. Enter
Click to scroll down and read more

Information for term Business + Culture

Application deadline, and cost information.

Application Deadline

The application deadline has passed.

Program Deadlines and Pricing Info

  • Dates: Feb 26 – Jul 13, 2018 (20 weeks)
  • Credit: 16 semester hours / 24 quarter hours
  • Eligibility: 2.5 Overall GPA

Application Deadline

The application deadline has passed.

Program Deadlines and Pricing Info

  • Dates: Jul 18, 2017 – Jul 13, 2018 (52 weeks)
  • Credit: 16 semester hours / 24 quarter hours
  • Eligibility: 2.5 Overall GPA

Overview

Click to Open

Learn what it’s like to do business in – and with – Chile during CIEE’s Business and Culture program, specially designed for international business students. Courses taught in English, Spanish language instruction, cultural activities, visits to local and international companies, and coursework at Chile’s most prestigious business school set you up for success as you enter the global marketplace.

Study abroad in Santiago and you will:

  • Learn or improve your Spanish through instruction specifically designed for international students
  • Gain insight into Chile’s business sector through site visits and case study explorations
  • Immerse yourself in Chilean academic and social life through homestays, cultural and co-curricular activities, as well as CIEE community engagement opportunities

Unique Experiences

  • Kick your Spanish language

    learning into high gear with instruction specially designed for international business students.

  • Get insight into Chilean businesses

    with site visits and case study explorations.

  • Get to know Chile

    (and its economic challenges) with a homestay and nonstop activities like film nights, urban bike tours with Santiago student ambassadors, and hikes in the foothills of the Andes.

  • national heritage sites

    174
  • cinemas

    18
  • national titles won by the city’s Colo-Colo football club

    30

Location & Culture

Click to Open

The metropolis of Santiago is South America’s sixth largest city, and home to more than six million people. Located near the center of long and narrow Chile, Santiago sits in a bowl-shaped valley with the towering Andes nearly always in view. Here you will find world-class cuisine, exotic suburban parks, neoclassical architecture, and all the trappings of a modern economic center.

The Culture

EXCURSIONS & ACTIVITIES

  • Tour the world’s largest copper mining company for a firsthand look at today’s industry challenges.
  • Visit a thriving vineyard and explore the complexities of exporting wine.
  • See Santiago’s Stock Exchange in action, as well as other popular markets and local economies.
  • During the semester go on excursions like these: Valparaiso’s region exploring the Bay and Viña del Mar, Pomaire village, Pablo Neruda´s house in Isla Negra, hike the hills, visit a historic vineyard and rodeo, or a four-day trek/bike trip. 

PROJECTS

  • Participate in small-business and economic development projects throughout the Santiago area for a close look at the contemporary social and development challenges facing the city.
  • Give back, practice your language skills, and gain experience through volunteering opportunities.

Daily Life

Click to Open
  • HOUSING

    Homestays: Living with a Chilean family is your ticket to fully integrating into life in Santiago. Your host family provides housing, three meals a day, and once a week laundry service. When possible, homestays include one family member who speaks conversational English – though exclusive use of Spanish is strongly encouraged. Students who are staying for a full year are responsible for their own housing and meals during breaks between semesters.

  • MEALS

    All meals are provided.

Santiago, Chile

Where You'll Study

  • A

    CIEE SANTIAGO

     

  • B

    UNIVERSIDAD DE CHILE

     

Like what you're seeing so far?

request more information

What you need to know

The program details

This program incorporates coursework that enables students to learn about various aspects of local and regional business environments, management practices, entrepreneurship, and Spanish language through CIEE and the University of Chile.

Upon completion, students demonstrate deeper knowledge and literacy about historical and current trends in the Chilean and Latin American business areas, as well as the integration and role of Chile within the regional and global marketplaces. Students develop their capacity for intercultural understanding and learn to communicate with people from different cultures.

Students sign CIEE’s Community Language Commitment, whereby they agree to only speak Spanish to foster language proficiency and understanding of Chilean society. Therefore, all students take a Spanish language course, for which a placement test is performed at the beginning of the program.

Academics

Click to Open

Academics

  • CLASS FORMAT

    University of Chile FEN classes instructed in English are open to CIEE, Chilean, and other international students. Students with sufficient Spanish language skills may enroll in Spanish-taught courses at the university.

  • GRADING

    Assessment at the University of Chile includes written and oral assignments and a final paper or examination. The Chilean grading scale goes from one to seven, which CIEE converts to recommended U.S. letter grade equivalents. Assessment in CIEE courses is on a U.S. grading scale of A-F, and students are graded on the basis of attendance, class participation, homework, project work, presentations, and midterm and final examinations. Learning outcomes assessment is continuous through personal reflections, evaluation feedback, self-assessment, and requirements as set out in the course syllabi.

  • ACADEMIC CULTURE

    Chilean universities convey knowledge through different strategies and methods that include memorization and expository lectures. In most classes, there is strong emphasis in notes taking. We offer resources to help students navigate academic challenges, including orientation activities and materials, advising, and peer support with local students.

Eligibility

  • OVERALL GPA

    Students need a GPA of at least 2.5.

  • PROGRAM REQUIREMENTS

    • 1 semester of a college-level business course and 1 semester of economics required.
    • 1 semester of college-level Spanish or the equivalent required; 2 semesters of college-level Spanish recommended.

Curriculum

Program Credit

  • Total credit, semester: 16 semester/24 quarter credits
  • Total credit, year: 32 semester/48 quarter credits 

Students are required to enroll in four courses: a required Spanish language course at the appropriate level, one business course, and two additional electives from business and non-business offerings at the University of Chile or CIEE, including the CIEE Internship and/or the Intercultural Communication Leadership course.

SPRING 2018 COURSES

Click to Open

Note: This course listing is for informational purposes only and does not constitute a contract between CIEE and any applicant, student, institution, or other party. The courses, as described, may be subject to change as a result of ongoing curricular revisions, assignment of lecturers and teaching staff, and program development. Courses may be canceled due to insufficient enrollment.

REQUIRED SPANISH LANGUAGE COURSE

Students enroll in a 60 contact hour, 4-credit Spanish language course, pursuant to a language placement test at the beginning of the semester.

Spanish Language (available from beginner to advanced levels depending on enrollment).
These courses consist of an analysis of vocabulary and grammar in Spanish. Students are offered the opportunity to learn practical vocabulary that enables them to understand and analyze various types of essays, documents, and articles. Courses are designed to enhance students’ oral comprehension and written expression. Students learn strategies for reading and producing texts and reports.

  • SPAN 1001 SACH Beginning Spanish (administered by CIEE)
  • Spanish Post-Elemental Level (administered by the Universidad de Chile)
  • Spanish Intermediate Level (administered by the Universidad de Chile)
  • Spanish Post-Intermediate Level (administered by the Universidad de Chile)
  • Advanced Spanish (administered by the Pontificia Universidad Católica de Chile)

CIEE ELECTIVE COURSES

Offered at 45 contact hours and 3 credits:

  • COMM 3301 SACH Intercultural Communication and Leadership (administered in Spanish; minimum Intermediate-level Spanish recommended)
  • INSH 3801 SACH Internship (administered in English)

UNIVERSIDAD DE CHILE COURSES

Offered in English at 60 contact hours and 4 credits unless otherwise noted.

Advanced Management Control
The students design a model of a management control system applied to an organization that belongs to an attractive industry in Chile. The model must satisfy specific objectives: identify their strategy and relevant relation concepts, design an integral diagnostic with management-control point of view, apply the main management-control tools, and design a specific system control that must be integrated, balanced, coordinated, and consistent with the organization and conditions.

Business Finance
This course seeks to impart the basic framework of investment decision making under uncertainty and modern portfolio theory. Starting from the Efficient Market Theory (EMT), we develop the theory of the relationship between risk and return of single securities (stocks, bonds, and derivatives) and portfolios of assets, including models such as the CAPM and the APT. We also learn how to apply these tools to create investment strategies and derive measures of performance to test these strategies as well as compare different approaches to modern investment practice. Finally, in an introduction to Behavioral Finance, we explore recent research into deviations from the EMT which have prompted much new research and empirical applications.

Corporate Finance
This course is intended for students who wish to learn and analyze the concepts and theories of modern corporate finance. It would be particularly relevant for those aspiring to careers in financial management in corporations, banks, or other financial institutions. It builds on the core finance topics covered in Finance I and Finance II. The course includes an in-depth analysis of firms’ financing choices and capital structure, valuation of corporate cash flows, institutional and legal aspects of the security issuance process, corporate dividend policy, and stock dividends and splits.

Development of Information Systems
The main objective of the course is to introduce students to the basic topics of management control. At the end of the course, students possess a comprehensive vision of the management control area. More specifically, we expect students to understand and be able to face the principal problems that appear when using the different control mechanisms. This is: planning, performance measurements, performance evaluation, incentives diagram, and organizational culture.

Economic Policy
This course explores the main challenges facing Chile’s economy today, as well as the dilemmas and limitations the economy has faced throughout the country’s recent history. The course’s focus on political economy through an historical context is based on the main theories about Latin America and Chilean economic development, and extensive discussion of evolving economic policies.

Globalization, Treaties, and Trade Agreements
This course explains the consequences stemming from globalized commercial activity on markets and local industries, given the complexity of the international political and economic system, and depending upon the characteristics, diversity, and multiplicity of cultures in which the activity is involved. At the course's conclusion, students are able to assess both the favorable and risky effects that emerge from this activity and understand how to modify the social, cultural, industrial, and local commercial business processes to achieve more beneficial results.

International Business
This course has the fundamental purpose of allowing students to develop concepts and basic tools for analysis, formulation, and management of strategies of international business as a function of the objectives, opportunities, and restrictions that affect the company.

Marketing Research
This course examines the foundations of Marketing Research—the study of market information collection and analysis to support marketing decision making. This course is designed so that students can develop an understanding of the role of marketing research in organizations, technical concepts and terminology of marketing research, and marketing research process; acquire an appropriate knowledge of the main data collection and data analysis techniques; and develop the ability to identify the practical applications of marketing research to marketing and managerial decisions.

Resource Allocation and Welfare Economics
The main objective is to discuss and define the concepts of individual and social welfare, and the precise conditions that must be satisfied to reach an optimal assignation of the resources to maximize individual and social welfare. How and in what context may these conditions be accomplished within a market economy? What are the difficulties that may come up to prevent obtaining these conditions? Is there a conflict between economic efficiency and social equity? The class reviews an implementation of the theoretical derivations to the Chilean Economy.

System Auditing
At the end of the course, students are able to identify the different stages that must be considered to make a systems audit. Additionally, they are capable of knowing the main technological risks with which organizations and management are faced when they perform a systems audit. 

ADDITIONAL UNIVERSIDAD DE CHILE COURSES

The following courses are offered every spring semester. A subset is typically offered during fall semesters.

Environmental and Natural Resource Economics
Human Resource Management
International Management
Labor Economics
Managing Organizations
Monetary Concepts of International Trade

Scholarships

Click to Open

Scholarships & Grants

In 2016, we awarded over 1,000 scholarships totaling more than $5 million, helping more students get on planes and live their dreams in faraway places than any other organization. This year's no different. In fact, every year we give this unrivaled amount of funding, because we’re on a mission to help YOU go abroad, too! Explore your options today.

Students who apply to this program are eligible for the following scholarships and grants:

  • Ping Scholarships for Academic Excellence
  • Global Access Initiative (GAIN) Grants
  • CIEE Gilman Go Global Grant

To be considered, submit the CIEE Scholarships & Grants application within your CIEE program application. Learn more at the Scholarships & Grants section of our website.

See more scholarship info

Dates, Deadlines & Fees

Click to Open

Dates, Deadlines & Fees

You get more for every dollar when you study abroad with CIEE, because our high-quality programs include everything from excursions to insurance. There are no hidden charges, and no disappointing surprises when you arrive.

YOUR FEE INCLUDES:

  • Tuition
  • Housing
  • Meals
  • Advising before you depart to set goals and answer questions
  • Optional on-site airport meet-and-greet
  • Four-day orientation in Santiago – an introduction to Chilean culture, your academic program, and the city, plus practical information about living in your host city
  • Full-time program leadership and support in your host city
  • Field trips and cultural activities
  • Overnight excursions
  • Insurance and other travel benefits, with CIEE iNext

To help you budget, keep in mind that students are responsible for the cost of international airfare, local transportation, books and supplies, visas, and personal expenses. In addition, ask your college or university study abroad advisor if your school charges additional fees for study abroad.

No Hidden Fees

Program

Spring 2018 20 weeks Academic year 2017-2018 52 weeks

Application Due

Start Date

Feb 26, 2018 Jul 18, 2017

End Date

Jul 13, 2018 Jul 13, 2018

Fees & Housing

$15,850
Click to Close

Program Fees

CIEE offers the most student support of any provider in its program fee, including an airport greeting, full-time leadership and support, orientation, cultural activities, local excursions, pre-departure advising, and CIEE iNext travel insurance with benefits.

Participation Confirmation = $300 *

Educational Costs = $12,088 **

Housing = $3,295 ***

Insurance = $167

Total Fees = $15,850

Estimated Costs

Students are responsible and manage costs related to travel, meals, books, and personal expenses. Below are estimates for consideration.

International Airfare = $1,100

Local Transportation = $350

Books & Supplies = $250

Visa Fees = $160 ††

Potential travel to consulate for visa = $500

Personal expenses = $1,800

Total Estimated Costs = $4,160

Financial Aid

CIEE offers the most grants and scholarships of any study abroad organization, including $5 million/year in travel grants, merit-based scholarships, MSI grants, Gilman matching grants, and Pell matching grants.

See Scholarships

This breakdown has been prepared from the program budget for the purpose of calculating eligibility for financial aid. During the course of program operations, actual figures may vary. It should not, therefore, be used as a basis for calculation of refunds. CIEE reserves the right to adjust fees at any time.

Students required to study on CIEE programs through a School of Record will be charged a $500 administrative fee in addition to the Program Fees listed.

* non-refundable

** direct cost of education charged uniformly to all students

*** includes all meals

round-trip based on U.S. East Coast departure

†† average cost

$30,100
Click to Close

Program Fees

CIEE offers the most student support of any provider in its program fee, including an airport greeting, full-time leadership and support, orientation, cultural activities, local excursions, pre-departure advising, and CIEE iNext travel insurance with benefits.

Participation Confirmation = $300 *

Educational Costs = $23,043 **

Housing = $6,590 ***

Insurance = $167

Total Fees = $30,100

Estimated Costs

Students are responsible and manage costs related to travel, meals, books, and personal expenses. Below are estimates for consideration.

International Airfare = $1,100

Local Transportation = $700

Books & Supplies = $500

Visa Fees = $160 ††

Potential travel to consulate for visa = $500

Personal expenses = $3,600

Expenses during break = $3,600 †††

Total Estimated Costs = $10,160

Financial Aid

CIEE offers the most grants and scholarships of any study abroad organization, including $5 million/year in travel grants, merit-based scholarships, MSI grants, Gilman matching grants, and Pell matching grants.

See Scholarships

This breakdown has been prepared from the program budget for the purpose of calculating eligibility for financial aid. During the course of program operations, actual figures may vary. It should not, therefore, be used as a basis for calculation of refunds. CIEE reserves the right to adjust fees at any time.

Students required to study on CIEE programs through a School of Record will be charged a $500 administrative fee in addition to the Program Fees listed.

* non-refundable

** direct cost of education charged uniformly to all students

*** includes all meals

round-trip based on U.S. East Coast departure

†† average cost

††† academic year students who wish to stay onsite are responsible for arranging their housing and meals during the semester break

Looking for funding?

Our Staff

Click to Open

Get Started

Here's what you need to do to take the next steps:
  • 1

    START AN APPLICATION
    You're one step closer to an amazing study abroad experience! 

    Apply Now
  • 2

    CONNECT WITH YOUR CAMPUS STUDY ABROAD OFFICE 
    Share your plans and confirm you're on track to meet all required steps to go abroad. 

  • 3

    Contact an Advisor

    Send us an email if you still have questions or need information about applying to this program.