Diverse Economic Landscape: Uruguay has a stable and diverse economy with strong sectors such as agriculture, tourism, and information technology, providing ample case studies and practical opportunities for students.
Strategic Location: Situated between Argentina and Brazil, two major economies in South America, Uruguay serves as a strategic hub for commerce and trade. This geographic advantage facilitates a deeper understanding of regional business practices and broadens networking opportunities.
Innovative and Entrepreneurial Environment: Uruguay is known for its progressive policies and has been at the forefront of technological adoption in Latin America. This environment encourages innovation and entrepreneurship, making it a fertile ground for budding entrepreneurs.
Quality Education with Affordable Costs: Universities in Uruguay offer quality education that is often more affordable compared to other countries. This can be particularly attractive for international students looking for value-for-money education.
Cultural Experience: Uruguay offers a rich cultural heritage and a friendly environment. Studying here also allows students to learn Spanish, which is a significant asset in the global business world.
International Perspective: Business programs in Uruguay often include a strong international perspective, preparing students to operate in a globalized market. This includes opportunities for internships and collaborations with multinational companies.
Strong Regulatory Framework: Uruguay's robust legal and regulatory framework provides a stable environment for businesses, making it an ideal place to learn about business law and economics within a South American context.
University |
Course Program |
Specializations |
|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor in Economics |
Economic Policy, International Economics, Development Economics |
|
Universidad de la República (Udelar) |
Master in Business Administration (MBA) |
Strategic Management, Finance, Marketing |
|
Universidad ORT Uruguay |
Bachelor in Business Administration |
Marketing, Finance, Human Resources |
|
Universidad ORT Uruguay |
Master in Business Administration (MBA) |
Leadership, Finance, Entrepreneurship |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration |
Marketing, Finance, International Business |
|
Universidad Católica del Uruguay |
Master in Economics |
Development Economics, Monetary Policy, Financial Economics |
|
Universidad de Montevideo |
Bachelor in Economics |
Applied Economics, International Economics |
|
Universidad de Montevideo |
Master in Business Administration (MBA) |
Corporate Finance, Strategic Management, International Business |
|
Universidad de Montevideo |
Bachelor in Business and Management |
Finance, Marketing, Operations Management |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration |
Marketing, Finance, International Trade |
|
Universidad de la Empresa (UDE) |
Master in Business Administration (MBA) |
Strategic Management, Human Resources, Marketing |
University |
Course Program |
Degree Level |
Language of Instruction |
Duration |
|---|---|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor in Economics |
Undergraduate |
Spanish |
4 years |
|
Universidad de la República (Udelar) |
Master in Business Administration (MBA) |
Postgraduate |
Spanish |
2 years |
|
Universidad ORT Uruguay |
Bachelor in Business Administration |
Undergraduate |
Spanish/English |
4 years |
|
Universidad ORT Uruguay |
Master in Business Administration (MBA) |
Postgraduate |
English |
2 years |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration |
Undergraduate |
Spanish |
4 years |
|
Universidad Católica del Uruguay |
Master in Economics |
Postgraduate |
Spanish |
2 years |
|
Universidad de Montevideo |
Bachelor in Economics |
Undergraduate |
Spanish/English |
4 years |
|
Universidad de Montevideo |
Master in Business Administration (MBA) |
Postgraduate |
English |
2 years |
|
Universidad de Montevideo |
Bachelor in Business and Management |
Undergraduate |
Spanish/English |
4 years |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration |
Undergraduate |
Spanish |
4 years |
|
Universidad de la Empresa (UDE) |
Master in Business Administration (MBA) |
Postgraduate |
Spanish |
2 years |
University |
Course Program |
Specializations |
Language of Instruction |
Duration |
Estimated Tuition Fees (per year) |
|---|---|---|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor in Economics |
Economic Policy, International Economics, Development Economics |
Spanish |
4 years |
Free for residents, low cost for internationals |
|
Universidad ORT Uruguay |
Bachelor in Business Administration |
Marketing, Finance, Human Resources |
Spanish/English |
4 years |
Approx. USD 10,000 - 12,000 |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration |
Marketing, Finance, International Business |
Spanish |
4 years |
Approx. USD 8,000 - 10,000 |
|
Universidad de Montevideo |
Bachelor in Economics |
Applied Economics, International Economics |
Spanish/English |
4 years |
Approx. USD 8,000 - 10,000 |
|
Universidad de Montevideo |
Bachelor in Business and Management |
Finance, Marketing, Operations Management |
Spanish/English |
4 years |
Approx. USD 8,000 - 10,000 |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration |
Marketing, Finance, International Trade |
Spanish |
4 years |
Approx. USD 5,000 - 7,000 |
University |
Course Program |
Specializations |
Language of Instruction |
Duration |
Estimated Tuition Fees (total program) |
|---|---|---|---|---|---|
|
Universidad de la República (Udelar) |
Master in Economics |
Economic Policy, International Economics |
Spanish |
2 years |
Free for residents, low cost for internationals |
|
Universidad ORT Uruguay |
Master in Business Administration (MBA) |
Strategic Management, Finance, Marketing |
English |
2 years |
Approx. USD 20,000 - 25,000 |
|
Universidad ORT Uruguay |
Master in Economics |
Development Economics, Financial Economics |
Spanish/English |
2 years |
Approx. USD 15,000 - 20,000 |
|
Universidad Católica del Uruguay |
Master in Business Administration (MBA) |
Leadership, Finance, Entrepreneurship |
Spanish |
2 years |
Approx. USD 15,000 - 20,000 |
|
Universidad de Montevideo |
Master in Business Administration (MBA) |
Corporate Finance, Strategic Management |
English |
2 years |
Approx. USD 15,000 - 20,000 |
|
Universidad de Montevideo |
Master in Economics |
Applied Economics, International Economics |
Spanish/English |
2 years |
Approx. USD 15,000 - 20,000 |
|
Universidad de la Empresa (UDE) |
Master in Business Administration (MBA) |
Strategic Management, Human Resources, Marketing |
Spanish |
2 years |
Approx. USD 10,000 - 15,000 |
University |
Course Program |
Research Areas/Specializations |
Language of Instruction |
Duration |
Estimated Tuition Fees (total program) |
|---|---|---|---|---|---|
|
Universidad de la República (Udelar) |
PhD in Economics |
Economic Policy, Development Economics, Econometrics |
Spanish |
3-5 years |
Free for residents, low cost for internationals |
|
Universidad ORT Uruguay |
PhD in Business Administration |
Strategic Management, Organizational Behavior, Marketing |
Spanish/English |
3-5 years |
Approx. USD 20,000 - 25,000 |
|
Universidad Católica del Uruguay |
PhD in Economics |
International Economics, Monetary Policy, Financial Economics |
Spanish |
3-5 years |
Approx. USD 15,000 - 20,000 |
|
Universidad de Montevideo |
PhD in Business Administration |
Corporate Finance, Strategic Management, International Business |
Spanish/English |
3-5 years |
Approx. USD 15,000 - 20,000 |
University |
Course Program |
Specializations |
Language of Instruction |
Duration |
Estimated Tuition Fees (total program) |
|---|---|---|---|---|---|
|
Universidad ORT Uruguay |
Diploma in Business Management |
Marketing, Finance, Human Resources |
Spanish |
1 year |
Approx. USD 5,000 - 7,000 |
|
Universidad Católica del Uruguay |
Diploma in Business Administration |
Strategic Management, Organizational Behavior |
Spanish |
1 year |
Approx. USD 4,000 - 6,000 |
|
Universidad de Montevideo |
Diploma in Business Management |
Finance, Marketing, Operations Management |
Spanish |
1 year |
Approx. USD 4,000 - 6,000 |
|
Universidad de la Empresa (UDE) |
Diploma in International Trade |
International Business, Trade Regulations |
Spanish |
1 year |
Approx. USD 3,000 - 5,000 |
|
Universidad de la Empresa (UDE) |
Diploma in Marketing |
Digital Marketing, Consumer Behavior |
Spanish |
1 year |
Approx. USD 3,000 - 5,000 |
University/Institution |
Course Program |
Specializations/Focus Areas |
Language of Instruction |
Duration |
Estimated Tuition Fees |
|---|---|---|---|---|---|
|
Universidad ORT Uruguay |
Executive Education in Business Management |
Leadership, Strategic Planning, Digital Transformation |
Spanish |
1-3 months |
Approx. USD 1,000 - 2,500 |
|
Universidad Católica del Uruguay |
Short Course in Financial Management |
Corporate Finance, Investment Strategies |
Spanish |
1-2 months |
Approx. USD 800 - 1,500 |
|
Universidad de Montevideo |
Short Course in Marketing Strategies |
Digital Marketing, Brand Management |
Spanish |
1-2 months |
Approx. USD 1,000 - 2,000 |
|
Universidad de la Empresa (UDE) |
Short Course in International Business |
Global Trade, Export Management |
Spanish |
1-3 months |
Approx. USD 800 - 1,500 |
|
Instituto de Estudios Empresariales de Montevideo (IEEM) |
Executive Program in Business Leadership |
Leadership Development, Negotiation Skills |
Spanish |
1-2 months |
Approx. USD 1,500 - 3,000 |
University |
Course Programs Offered |
Degree Levels |
|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor in Economics |
Undergraduate |
|
|
Master in Economics |
Postgraduate |
|
|
PhD in Economics |
Doctorate |
|
Universidad ORT Uruguay |
Bachelor in Business Administration |
Undergraduate |
|
|
Bachelor in Economics |
Undergraduate |
|
|
Master in Business Administration (MBA) |
Postgraduate |
|
|
Master in Economics |
Postgraduate |
|
|
PhD in Business Administration |
Doctorate |
|
|
Diploma in Business Management |
Diploma |
|
|
Short Course in Business Management, Financial Management, Marketing Strategies |
Short-term |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration |
Undergraduate |
|
|
Master in Business Administration (MBA) |
Postgraduate |
|
|
Master in Economics |
Postgraduate |
|
|
PhD in Economics |
Doctorate |
|
|
Diploma in Business Administration |
Diploma |
|
|
Short Course in Financial Management, Marketing Strategies |
Short-term |
|
Universidad de Montevideo |
Bachelor in Business and Management |
Undergraduate |
|
|
Bachelor in Economics |
Undergraduate |
|
|
Master in Business Administration (MBA) |
Postgraduate |
|
|
PhD in Business Administration |
Doctorate |
|
|
Diploma in Business Management |
Diploma |
|
|
Short Course in Marketing Strategies, International Business |
Short-term |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration |
Undergraduate |
|
|
Bachelor in International Trade |
Undergraduate |
|
|
Master in Business Administration (MBA) |
Postgraduate |
|
|
Diploma in International Trade, Marketing |
Diploma |
|
|
Short Course in International Business, Marketing |
Short-term |
|
Instituto de Estudios Empresariales de Montevideo (IEEM) |
Executive Program in Business Leadership |
Short-term (Executive Education) |
University |
Course Programs |
Intake Periods |
|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor, Master, and PhD programs in Economics |
March (Primary intake), August (Secondary intake) |
|
Universidad ORT Uruguay |
Bachelor in Business Administration, Economics; MBA, PhD programs |
March (Primary intake), August (Secondary intake) |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration; MBA, PhD programs |
March (Primary intake), August (Secondary intake) |
|
Universidad de Montevideo |
Bachelor in Business and Management, Economics; MBA, PhD programs |
March (Primary intake), July (Secondary intake) |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration, International Trade; MBA, Diplomas |
March (Primary intake), July (Secondary intake) |
University |
Course Program |
Degree Level |
Estimated Tuition Fees (per year or total program) |
|---|---|---|---|
|
Universidad de la República (Udelar) |
Bachelor in Economics |
Undergraduate |
Free for residents, low cost for internationals (approx. USD 500 - 1,000 per year) |
|
|
Master in Economics |
Postgraduate |
Free for residents, low cost for internationals (approx. USD 500 - 1,000 per year) |
|
|
PhD in Economics |
Doctorate |
Free for residents, low cost for internationals (approx. USD 500 - 1,000 per year) |
|
Universidad ORT Uruguay |
Bachelor in Business Administration |
Undergraduate |
Approx. USD 10,000 - 12,000 per year |
|
|
Bachelor in Economics |
Undergraduate |
Approx. USD 10,000 - 12,000 per year |
|
|
Master in Business Administration (MBA) |
Postgraduate |
Approx. USD 20,000 - 25,000 total program |
|
|
Master in Economics |
Postgraduate |
Approx. USD 15,000 - 20,000 total program |
|
|
PhD in Business Administration |
Doctorate |
Approx. USD 20,000 - 25,000 total program |
|
Universidad Católica del Uruguay |
Bachelor in Business Administration |
Undergraduate |
Approx. USD 8,000 - 10,000 per year |
|
|
Master in Business Administration (MBA) |
Postgraduate |
Approx. USD 15,000 - 20,000 total program |
|
|
PhD in Economics |
Doctorate |
Approx. USD 15,000 - 20,000 total program |
|
Universidad de Montevideo |
Bachelor in Business and Management |
Undergraduate |
Approx. USD 8,000 - 10,000 per year |
|
|
Master in Business Administration (MBA) |
Postgraduate |
Approx. USD 15,000 - 20,000 total program |
|
|
PhD in Business Administration |
Doctorate |
Approx. USD 15,000 - 20,000 total program |
|
Universidad de la Empresa (UDE) |
Bachelor in Business Administration |
Undergraduate |
Approx. USD 5,000 - 7,000 per year |
|
|
Master in Business Administration (MBA) |
Postgraduate |
Approx. USD 10,000 - 15,000 total program |
|
|
Diploma in International Trade, Marketing |
Diploma |
Approx. USD 3,000 - 5,000 total program |
Completion of high school or equivalent.
Valid high school diploma with transcripts.
International students may need to provide a certificate of equivalence.
Proficiency in Spanish (most programs are taught in Spanish).
Some universities may require proof of proficiency through tests like DELE (Diploma de Español como Lengua Extranjera) or equivalent.
For programs offered in English, TOEFL or IELTS scores may be required.
Some universities might require passing an entrance exam specific to the institution or the program.
A motivation letter.
Letters of recommendation.
An interview may be required by some universities.
A Bachelor's degree in Business, Economics, Management, or a related field from a recognized institution.
Academic transcripts from the undergraduate program.
Proficiency in Spanish (for programs taught in Spanish) or English (for programs taught in English).
TOEFL/IELTS scores for English proficiency if required.
Some master's programs may require relevant work experience (typically 1-3 years).
GMAT or GRE scores may be required by some universities.
A Statement of Purpose (SOP).
Letters of recommendation.
An interview process may be part of the selection.
A Master's degree in a relevant field (Business, Management, Economics).
Strong academic records and research experience.
Proficiency in Spanish or English, depending on the language of instruction.
TOEFL/IELTS scores for non-native English speakers.
A detailed research proposal related to your area of interest.
Letters of recommendation.
Curriculum Vitae (CV).
An interview may be conducted as part of the admission process.
Scholarship Name |
Eligibility Criteria |
Coverage |
Application Period |
Notes |
|---|---|---|---|---|
|
ANII Scholarships (National Agency for Research and Innovation) |
Uruguayan or international students pursuing graduate studies in Uruguay. |
Tuition fees, living expenses, research costs. |
Typically, October - December |
For Master's and PhD programs; focused on research. |
|
University of the Republic Scholarships |
Students enrolled in undergraduate or postgraduate programs at the University of the Republic. |
Partial or full tuition coverage, living stipend. |
Varies by program and department |
Available for undergraduate and postgraduate students. |
|
Fundación Chamangá Scholarships |
Uruguayan students with demonstrated academic excellence and financial need, pursuing higher education. |
Tuition fees and living expenses. |
Generally, September - November |
Requires a strong academic record and community involvement. |
|
OAS Academic Scholarship Program |
Citizens of OAS member states, including Uruguay, pursuing graduate studies in business-related fields. |
Tuition fees, travel expenses, and health insurance. |
Typically, January - March |
Scholarships for graduate programs only. |
|
Foreign Government Scholarships (e.g., Chevening, Fulbright) |
Uruguayan students seeking to study abroad in business, management, or economics. |
Tuition, travel, living expenses, and other costs. |
Varies by program |
Various programs, primarily for study abroad. |
|
Latin American Business School Scholarships |
Outstanding students applying for MBA or other business-related programs in Latin America. |
Partial or full tuition coverage. |
Varies by institution |
Available for top-ranked students with leadership potential. |
Career Path |
Job Roles |
Average Salary Range (USD/year) |
Skills Required |
Industry Sectors |
|---|---|---|---|---|
|
Business Management |
Business Manager, Operations Manager, Project Manager |
$25,000 - $50,000 |
Leadership, Strategic Planning, Communication |
Corporate, Retail, Manufacturing, Service Industry |
|
Finance |
Financial Analyst, Accountant, Financial Consultant |
$20,000 - $45,000 |
Analytical Skills, Financial Modeling, Problem-Solving |
Banking, Insurance, Financial Services |
|
Marketing |
Marketing Manager, Brand Manager, Digital Marketing Specialist |
$20,000 - $40,000 |
Creativity, Data Analysis, Communication |
Advertising, Retail, Technology |
|
Economics |
Economist, Policy Analyst, Research Analyst |
$30,000 - $55,000 |
Analytical Thinking, Research, Statistical Analysis |
Government, NGOs, Consulting Firms |
|
Entrepreneurship |
Startup Founder, Business Development Manager |
Varies widely ($15,000 - $100,000+) |
Innovation, Risk Management, Business Planning |
Startups, Small and Medium Enterprises (SMEs) |
|
Human Resources |
HR Manager, Talent Acquisition Specialist |
$18,000 - $35,000 |
People Management, Conflict Resolution, HR Software |
Corporate, Government, NGOs |
|
Consulting |
Management Consultant, Strategy Consultant |
$35,000 - $60,000 |
Problem-Solving, Data Analysis, Strategic Thinking |
Consulting Firms, Corporate |
|
International Business |
Export Manager, International |
|
|
