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Innovation and business training to meet the challenges of the digital era
This master's degree will give you the keys to add value to companies and stand out in the labor market thanks to the combined knowledge of business and new technologies. You will be trained in management areas such as finance or leadership, but also in technological areas such as Data Mining or digital business.
The MAIT program will allow you to be in contact with the labor market and the real challenges of the environment thanks to seminars and projects with leading companies in the digital field.
Introduction to Quantitative Methods
Introduction to Accounting
Financial Mathematics
Introduction to Management
Quantitative Methods I
Financial Accounting
Introduction to Programming
Team Building
Quantitative Methods II
Database Management and Business Intelligence
Operations Management
Introduction to Value Creation
Managerial Accounting
Entrepreneurship
Data Mining and Predictive Analytics
Digital Transformation
Finance
Cybersecurity
Technology Management and Climate Change
Operations Management in the Digital Economy
Microeconomics
Innovation
Digital Business Strategy
Artificial Intelligence
Leadership
Project Management
Introduction to PAIT
Introduction to the Customer Experience (CX) Entrepreneurship Project
Project in Analytics, Innovation and Technology (PAIT) or Project in Entrepreneurship
*In module 7 students can choose between two alternatives to complete the program and put into practice what they have learned. After completing the project you will have the opportunity to study for six more months at INCAE and have a double degree in MAIT + MBA.
INCAE is recognized by international rankings as the most prestigious business school in Latin America. We have international professors with extensive experience, with doctorates from the best universities. Our programs follow a comprehensive learning model for executives based on practical methodologies such as case analysis and business simulations. In addition, they allow students to network, expanding their network of contacts with entrepreneurs and leaders from around the world.
Make the payment of the admission process.
Take the admission test.
Complete the online admission form.
Conduct an official interview.
This master's degree is designed for university graduates in different disciplines such as administration, engineering or finance, interested in innovation and technological development of companies. The average MAIT student profile has 4 years of professional experience, although candidates with no previous experience are also admitted.
| Costa Rica | |
| Quota reservation | $ 1,500 |
| Collegiate | $ 22,264 |
| Academic materials | $ 3,251 |
| Lodging | $ 4,485 |
| Total | $ 31,500 |
*Basic shared accommodation.
Students must cover all expenses associated with the exchange program: travel, room and board, insurance, materials, local transportation, incidentals, etc.

We offer you different financing options, programs and scholarships to help you cover the cost of the master's degree.
"At INCAE you are surrounded by talented professionals from different parts of the world who share the same desire to achieve their goals. That's what fosters networking and a much more enriching exchange of ideas."








































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He is an Associate Professor of Technology and Innovation Management at INCAE Business School, has directed the Executive Masters in Marketing and Digital Transformation, and currently directs the Specialization in Artificial Intelligence for Digital Business.
He is the author of more than 200 managerial and academic works related to the adoption of technological innovations and business intelligence. He is also a pioneer in the incorporation and adoption of Generative Artificial Intelligence tools in the teaching of the case method and critical thinking.
Dr. Barahona has extensive experience advising and training business and government leaders in more than 20 countries. Through the corporate programs of INCAE and the firm Sociométrika, he has contributed with local and global companies in the identification and solution of complex problems, based on a design approach, data analysis and "People Analytics".
He earned an MBA with an emphasis in Banking and Finance from INCAE and a Ph.D. Media, Arts, and Sciences from the Massachusetts Institute of Technology (MIT) Media Lab. His thesis "Diffusion of ideas, practices, and artifacts: network effects on collective outcomes" was guided by Alex (Sandy) Pentland, declared by FORBES as one of the "7 most powerful data scientists in the world".
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Juan Carlos Barahona is an associate professor at INCAE Business School. His general academic interest is on the role of digital technologies and social structures in the diffusion of ideas, behaviors and artifacts.
He was a member of the Human Dynamics Group at the Massachusetts Institute of Technology's Media Lab. The scientific research group led by Prof. Alex (Sandy) Pentland, one of the most cited computer scientists and considered by Newsweek magazine as one of the 100 most influential people on the planet.
Before joining MIT, he was Deputy Director of the Latin American Center for Competitiveness and Sustainable Development at INCAE, and consultant to the World Bank for the development of the strategy and business plan for the Mesoamerican Biological Corridor, and on issues related to education.
In the late 1990s, he led the research team that developed the conceptual model and facilitated the reform process of the five Central American customs offices, as part of a joint action-research initiative on trade logistics by the Harvard Center for International Development, Harvard Business School's Center for Strategy and Competition and INCAE.
Prof. Barahona has served as a consultant to companies and governments in several Latin American countries in the fields of strategy and organization. He is co-author of Costa Rica's education policy and one of the pioneers in digital government in Costa Rica. He is the author of business case studies, articles, books and book chapters on sustainable development, customs reform, trade logistics, information technologies for development and social network analysis. Before opting for an academic career, he was an entrepreneur and founder of a software company and a business consulting firm.
He currently complements his academic work by advising companies as a consultant or as a member of their board of directors.


Executive Programs
A German and Swiss national, Silke Bucher is the Dean of Faculty and Research and Associate Professor at INCAE Business School with a specialization in Organizational Behavior and Leadership. After completing her Master of Science in Business Administration at the Catholic University Eichstätt-Ingolstadt, Germany, she obtained her Ph.D. in Organizational Change from the University of St. Gallen in Switzerland. She completed her post-doctorate at the Chair of Strategic Management in Pluralistic Environments at HEC Montréal, Canada. She was a team leader and expert consultant for organizational culture at McKinsey & Company, Costa Rica. Her research to date has focused on organizational change and inter-group collaboration, with a particular interest in the health sector.
Prior to joining INCAE Business School as an Associate Professor, Silke Verena Bucher gained international experience working in different countries including Germany, France, Switzerland, Canada and Costa Rica. She is a post-doctoral fellow in the Chair of Strategic Management in Pluralistic Environments at HEC Montréal, Canada, and obtained her Ph.D. from the University of St. Gallen, Switzerland.
She worked as a team leader and expert consultant for organizational culture at McKinsey & Company, and as an internal consultant at Gardena International, Germany, with a focus on process improvement.
Until now, his research has focused on organizational change and collaboration among groups with a particular interest in the health sector. She did longitudinal studies on change initiatives in hospitals, and worked as a coach for interprofessional teams. Her motivation is to make organizations increasingly better places to work, with the ability to deliver sustainable excellence in services, products or impact for society more broadly. His work has been published, among others, in Organization Science and Organization Studies.


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Professor María Elena Carballo, a native of Costa Rica, earned a Ph.D. in Literary Studies and an M.A., both from Brandeis University in the United States. Her dissertation was on García Márquez's "The Autumn of the Patriarch" and the Spanish-American novel of the dictatorship.
Prior to joining INCAE, she was a Fulbright-LASPAU scholar for three years and a Hirschfeld Fellow at Brandeis University for two consecutive years. Her book "La Casa Paterna", which she co-authored, won the 1993 national essay prize in Costa Rica.
At INCAE, in the master's degree programs, he teaches courses in the areas of humanities and communication.
Professor María Elena Carballo, a native of Costa Rica, earned a Ph.D. in Literary Studies and an M.A., both from Brandeis University in the United States. Her dissertation was on García Márquez's "The Autumn of the Patriarch" and the Spanish-American novel of the dictatorship.
Prior to joining INCAE, she was a Fulbright-LASPAU scholar for three years and a Hirschfeld Fellow at Brandeis University for two consecutive years. Her book "La Casa Paterna", which she co-authored, won the 1993 national essay prize in Costa Rica.
As an assistant professor at INCAE in the master's degree programs, she teaches courses in the humanities and communication areas at the Costa Rica campus.


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Carla Fernández Corrales is the Senior Director of Executive Education & INCAE Online and is an Assistant Professor at INCAE Business School. She earned her Ph.D. in Business Administration with a concentration in Information Systems from the University of Illinois at Urbana-Champaign. In addition, she obtained a Grade in Industrial Engineering and an M.S. in Computer Science with honors, both from the University of Costa Rica. She was awarded a Fulbright scholarship from the U.S. Department of State.
Dr. Fernández Corrales' research focuses on the study of technology management and innovation using machine learning methods. Her teaching and consulting interests focus on the strategic use of information technologies, data science and agile methodologies.
As a consultant, lecturer and TEDx speaker, Professor Fernández Corrales stands out for her ability to communicate highly specialized knowledge about technology to non-technical audiences, establishing connections with the value proposition, strategy and risk analysis in organizations.
Passionate about innovation and the digital transformation of higher education, she has also served in various academic leadership positions, including Director of Educational Technologies (METICS) at the University of Costa Rica, Director of Learning Innovation at INCAE Executive Education and Academic Director of the MBA programs at INCAE Business School.


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Conrado is an Assistant Professor at INCAE and holds a PhD in Economics from the University of Warwick. His research focuses on economic theory and financial economics. Conrado teaches Industrial Organization and International Finance.
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D. in Management Decision Sciences from IE Business School and an MSc. in International Management from the same school. He is an Assistant Professor at INCAE Business School and focuses on Management Decision Sciences.
He is also an Adjunct Professor in the Operations and Technology area at IE Business School, and a member of the Decision Analysis Society (INFORMS), as well as co-editor of the Ask Das column in Decision Analysis Today.
His research focuses on the intersection of theoretical knowledge of decision making (related to mathematical models), and how it is actually done in practice (related to cognitive and social psychology), for application in managerial decisions.
Florian Federspiel is Assistant Professor at INCAE Business School and focuses on Management Decision Sciences.
Prior to joining INCAE Business School, he was a Visiting Scholar in the Operations and Information Management Group at Georgetown University McDonough School of Business in the USA and an Adjunct Professor in the area of Operations and Technology at IE Business School in Spain.
His research focuses on the intersection of theoretical knowledge of decision making (related to mathematical models), and how decisions are actually made in practice (related to cognitive and social psychology), always with the aim of identifying possible failures and interventions to combat such failures in managerial decisions.
He is a member of the Decision Analysis Society of the Institute for Operations Research and the Management Sciences (INFORMS), as well as editor of the Ask DAS column of Decision Analysis Today.


Executive Programs
Margaret Rose Grigsby is a distinguished Professor of Leadership and Marketing and the President of Brainpower Latin America. As an Executive Coach for senior leaders, a sought-after speaker on leadership and women's leadership, and a consultant specializing in brand strategy and personal branding, she brings a wealth of expertise to her field.
With nearly 25 years of executive experience in multinational corporations, Margaret has held leadership roles across Latin America and the Caribbean. Her career includes positions as CEO in Argentina, COO in Colombia, President and General Manager in Costa Rica, VP for Latin America in Mexico, and VP Director in the Caribbean, among others. This extensive regional exposure has provided her with a deep understanding of cultural nuances and market dynamics across Latin America.
Margaret holds a graduate degree in Leadership Coaching from Georgetown University in Washington, D.C., an MBA from INCAE Business School, and a double major in Social and Organizational Psychology from McGill University in Montreal, Canada.


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Professor Mauricio Jenkins is a Full Professor at INCAE Business School. He holds a Ph.D. Grade in International Economics and Finance from Brandeis University. He also holds an M.A. in International Economics and Finance from Brandeis University, an M.B.A. with Distinction from INCAE Business School, and a B.S. in Civil Engineering from the University of Costa Rica. In 1994 the United States Government awarded him the prestigious Fulbright scholarship to pursue his doctoral studies.
As a member of the faculty of INCAE for over 25 years, Professor Jenkins has taught corporate finance, international finance and international business courses for MBA students in several countries in Latin America, Europe and the United States, as well as dozens of executive seminars on company valuation, portfolio management, treasury management, investment projects, international finance and financing structuring in more than a dozen countries.
Professor Jenkins is the Academic Director of the Executive MBA in Finance at INCAE, and was Director of the Institute's Senior Management Program for 10 years. He has also been a visiting professor at the European Business School, Rotterdam School of Management and Brandeis University, teaching courses in corporate finance and international finance at both universities.
Professor Jenkins has also served as a consultant to the Harvard Institute for International Development. Harvard Institute for International Development (HIID), the Central American Bank for Economic Integration, the Government of Costa Rica, the Panama Canal Authority, the National Bank of Costa Rica, as well as several business groups in the region. Professor Jenkins has also served on more than half a dozen Boards of Directors of leading companies and institutions in the region. His consulting activities have been mainly focused on the valuation of companies and the evaluation of investment projects, as well as the development of financial strategies for several companies and entities.
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Mauricio Jenkins holds a Ph.D. Grade in International Economics and Finance from Brandeis University. He also holds an M.A. in International Economics and Finance from Brandeis University, an M.B.A. with distinction from Incae, and a B.S. in Civil Engineering from the University of Costa Rica.
In 1994 the United States government awarded him the prestigious Fulbright scholarship for his doctoral studies. He is currently an Adjunct Professor at the Central American Institute of Business Administration (INCAE).
As a member of the Institute's faculty, Professor Jenkins has taught finance and international business courses for MBA students, as well as numerous executive seminars on business valuation, portfolio management, treasury management, investment projects and financing structuring in countries such as Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Venezuela.
In 2004, he was appointed Academic Director of the Senior Management Program, the longest running program at INCAE, and was also Academic Director of the Master of Medical Management Program, a master's program taught jointly by INCAE and Tulane University.
Professor Jenkins has also served as a consultant to the Harvard Institute for International Development (HIID), the Government of Costa Rica, and major business groups in the region.
His consulting activities have been mainly focused on business valuation and evaluation of investment projects, as well as the development of the financial strategies of several companies.
He currently serves on the Boards of Directors of two important Costa Rican business groups.


Bernard Kilian is Dean of Faculty and Research at INCAE Business School, where he also teaches courses in the areas of Microeconomics and Operations Management as a full professor. A native of Germany, he holds a Ph.D. in Environmental Resource Economics and an M.Sc. in Agricultural Sciences with emphasis in Economics, both from the University of Hohenheim, Germany.
Prior to joining INCAE, he was in charge of the economic project within a national macro project in Germany called precision agriculture. He also taught at the graduate level at the University of Hohenheim, and was a visiting professor at the University of Minnesota. He has led numerous market studies on sustainable products in international markets.
As a full professor of INCAE in the master's degree programs, he has a vast experience, backed by several years of professional practice. Professor Kilian teaches courses in the areas of Microeconomics and Operations Management.
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Full Professor in Operations Management and Microeconomics, INCAE Business School.
Sustainable Market Intelligence Center CIMS, Costa Rica. Former Production and Research Manager.
Since May 2005, part-time. University of Hohenheim, Department of Agricultural Economics. Project Manager
March 1999 - July 2002 Economic Project part of the National Research and Development Project Administration and Management System for Precision Agriculture to increase the efficiency of agricultural activity and promote its compatibility with the environment. Promoted and directed by the German Ministry of Education and Science.
1999-2000.
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1993-1994.
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Consulting:
Concentration: Econometrics -The objective of the visit was to exchange metrological concepts for testing improvements in precision profitability in agriculture. Timirjasew-Akademie. Moscow, Russia, May 20-28, 2000 Tiblise State University. Tiblise, Georgia,
19 -26 October 2001 TEMPUS Project: Restructuring of the economic program in universities in Eastern European countries. Promoted by the European Union. -The purpose of the exchange was to support Eastern European Universities to develop in them Economics departments, and I also offered courses in Natural Resources Economics. Workshops promoted by the European Union: Joint Action: Policies to Control the Environmental Impacts of Agriculture.
17-19 May 2000 Oslo, Norway Workshop on Mineral Emissions from Agriculture,
January 25-28, 1996 European Commission (EU), Directorate for Agriculture, Brussels, Belgium.
November 25-27, 2001. -Representative of Germany to inform and consult to the European Commission the point of view of Applied Economics about the introduction of Precision Agriculture in the different countries. INCAE. Alajuela, Costa Rica. Carlson School of Management Seminar-INCAE.
January 7-18, 2001. The seminar covered the following topics: Management, resource economics, environment and sustainable development and their management in Latin America (local cases). Languages: German, English, Spanish and French.


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He is Professor of Strategy and Competitiveness at INCAE. He received his DBA from Harvard, where his research was supervised by Prof. Michael E. Porter. He holds an M.S.C. in Industrial Engineering from Virginia Polytechnic Institute and State University and a B.S. in Industrial Engineering from the University of Costa Rica.
He is a research associate at Harvard Business School's Institute for Strategy and Competitiveness, and has been an adjunct professor at Tufts University in Boston. He was dean of the master's programs at INCAE and was director of the Research Center at INCAE. He is currently the lead professor of the Health Care Group. He has published in Harvard Business Review Latin America, Journal of Economics & Management Strategy and Journal of Economic Geography.
He has been a consultant to companies and governments, and has served on several boards of directors of corporate groups in the region. He has been a member of the Presidential Commission on Competitiveness in Nicaragua.
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Dr. Ketelhöhn is Professor of Strategy and Competitiveness at INCAE Business School.
D. from Harvard Business School, where his doctoral research was supervised by Prof. Michael E. Porter.
He also holds a Master's degree in Industrial Engineering from Virginia Polytechnic Institute and State University, and a Bachelor's degree in Industrial Engineering from the University of Costa Rica.
He is a research associate at Harvard Business School's Institute for Strategy and Competitiveness (directed by Michael Porter) and has been an adjunct professor at Tufts University in Boston.
He was dean of the master's programs at INCAE (2006-2009) and director of the Research Center at INCAE.
He is the lead professor of the Health Care Group, an interdisciplinary faculty group that seeks to improve efficiency in the health sector in the region through the application of management techniques. He is also a member of the board of directors of the Burned Children's Association of Nicaragua.
Prof. Ketelhöhn has been a consultant to companies and governments. He is a member of the board of directors of Grupo Corporativo Perez in Panama and of Café Soluble in Nicaragua.
He has been a member of the Presidential Commission on Competitiveness in Nicaragua.
Among his publications are: Who is Innovating in Mexico (Harvard Business Review Latin America, 2009), The Hospitals of Central America (INCAE Business Review, 2012), Geographic Concentration, Knowledge Spillovers, and Growth in the Evolution of the U.S. Advertising Industry (Journal of Economics & Management Strategy, 2002) and Knowledge Spillovers in the US Semiconductor Industry (Journal of Economic Geography, 2007).
His research focuses on the effect of clusters on firm performance and innovation, and hospital management in Central America.


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Luis López is a Full Professor at INCAE Business School and a specialist in the area of Operations Management and Technology. He has taught courses in the master's degree programs of INCAE, both in the residential and executive programs, and in executive seminars in different countries.
He has experience as a consultant to companies in several Latin American countries, especially in Technology Management, Manufacturing Strategy, and Strategic Simulation. Recently he has explored possible uses of continuous simulation in environments that combine continuous flows with discrete flows in the production, transportation and storage of goods.
He has extensive experience as a consultant for companies and organizations in different Latin American countries, especially in Operations Management, Technology and Innovation Management and Strategic Simulation. He participates in Boards of Directors of several companies.
He has publications in several specialized journals, such as Journal of International Business Studies, British Journal of Management, Management Decision, Journal of Product Innovation Management, among others. He has also developed a large number of teaching materials, cases and simulators.
He completed his doctoral studies at the Sloan School of Business, Massachusetts Institute of Technology (MIT).
He holds a Master in Business Administration (INCAE, graduated with distinction), Electrical Engineer, Universidad de Costa Rica, B. S. Marine Engineering (U. S. Merchant Marine Academy, graduated with distinction).
He is a full professor of INCAE in the area of Operations Management, Technology and System Dynamics. He has taught in the master's degree courses of INCAE, both in the residential and executive programs, and in the executive seminars of INCAE in different countries.
He has several years of experience as a consultant to companies in several Latin American countries, especially in Operations Strategy, Supply Chain Management and Strategic Simulation.
He uses simulation models for strategic scenario planning and analysis of complex situations. He has developed simulation models to evaluate capacity requirements in processing plants, to assess behaviors of multi-store and multi-product supply chains in various industries, to estimate behaviors in hospital care networks, to determine the impact of contracting modalities in logistics processes, to study supply chains in service operations and to explore the dynamics of judicial supply chains.
He has done work related to the interaction between traditional strategic planning and the determination of resource requirements and needs over time. Recently he has explored possible uses of simulation in environments that combine continuous flows with discrete flows in the production, transportation and storage of goods.


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He is a full Professor at INCAE Business School and actively participates in the executive and regular and executive master's programs. He has a long experience as a member of the faculty of INCAE, supported by several years of professional practice in different countries. He is the academic director of the Master program in Agribusiness Management and the MBA-Online (Master's Program in Business Administration on-line). He is also a member of INCAE’s Academic Policies Committee and serves as Director of the Qualifications Committee.
He currently teaches courses on Sustainability Management, Quantitative Methods and Financial Mathematics. He also participates in the consulting work of the Management Consulting project of the MAB and MAIT master's programs.
He does consulting work in several Latin American countries and has been a member of international professional associations such as the IAAE (International Association of Agricultural Economists) and IAMA (International Food and Agribusiness Management Association). He represented the PMA (Produce Marketing Association) of the United States in the region and is currently a director of several companies in Central America. He is a member of the College of Agricultural Engineers of Costa Rica.
He has participated intensively in the teaching of open executive programs and in the In Company modality in diverse areas such as Investment Risk Management and Evaluation, Project Formulation and Evaluation, Professional Project Management and Negotiation. He is the author and supervisor of numerous cases and teaching notes on different topics. Professor Perez has participated in several international congresses and conferences in various countries around the world and has presented the results of his research. His areas of interest are in the areas of competitiveness, sustainability and inclusiveness and Digital Transformation of Agribusiness.
He holds a Ph.D. in Agricultural Economics from Purdue University, specializing in Natural Resource Economics and Business Strategy. He also obtained a Master's degree in Business Administration (MAE) at INCAE, specializing in Banking and Development Finance, and Postgraduate Program in Functional Administration (PAF) with emphasis in Agribusiness Management at the same institution, graduating with distinction. Professor Pérez is also an agronomist engineer with a major in Irrigation from the National School of Agriculture-Universidad Autónoma de Chapingo, Mexico, where he achieved honor roll throughout his career.
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Felipe Pérez Pineda holds a PhD in Agricultural Economics from Purdue University, with specialization in Natural Resource Economics and Agribusiness Strategy. He graduated with a Master's degree in Business Administration from INCAE with a concentration in Banking and Development Finance, and a Postgraduate degree in Functional Administration with emphasis in Agribusiness Management from the same institution, graduating with distinction.
Professor Perez is also an Agricultural Engineer with a major in Irrigation from the Universidad Autonoma de Chapingo, Mexico where he achieved honor roll throughout his career. A member of the faculty of INCAE with the rank of Full Professor, he headed the Agroindustry Program of the institute for several years.
His experience as a professor at INCAE in the executive and master's programs has been supported by several years of professional practice in different countries. He has done consulting work in several Latin American countries and has been a member of international professional associations such as the IAAE (International Association of Agricultural Economists) and IAMA (International Food and Agribusiness Management Association).
He represented the PMA (Produce Marketing Association) of the United States in the region and is currently a director of several companies in Central America. Professor Perez currently teaches courses on Sustainability Management, Quantitative Methods and Introduction to Financial Simulation and Entrepreneurship in the Master's Programs in Nicaragua and Costa Rica.
He also participates in executive education in events on Project Management, Assertive Communication and Decision Making and Presentation. He has also been a professor in these programs, in the courses of Quantitative Methods, Decision Making and Presentation, and Environmental Impact Project Evaluation.
He has participated intensively in the teaching of open executive programs and in the In-Company modality in diverse areas such as Investment Risk Management and Evaluation, Project Formulation and Evaluation, Project Management, Agro-industrial Project Evaluation and Negotiation.
He is the author and supervisor of numerous cases and teaching notes on different topics. Professor Pérez has participated in several international congresses and conferences in various countries around the world and has presented the results of his research. His areas of interest are Competitiveness, Sustainability and Inclusiveness; Innovation and Inclusive Business at the Base of the Pyramid.


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D. in Economics from the University of Michigan in August 2000. He also holds a Master's degree in Statistics (May 1998) and a Master's degree in Economics (December 1997) from the same university. His areas of specialization are: Macroeconomics, International Trade, Econometrics and Statistics.
Professor Quintanilla has been an Instructor at the University of Michigan in the following subjects: Macroeconomics and Microeconomics.
He has written numerous case studies and has published in the Journal of Business Research, and INCAE Business Review.
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D. in economics from the University of Michigan in August 2000. He also holds from the same university a Master's degree in Statistics (May 1998) and a Master's degree in Economics (December 1997.) His areas of specialization are: Macroeconomics, International Trade, Econometrics and Statistics. Professor Quintanilla has been an Instructor at the University of Michigan in the following subjects: Macroeconomics and Microeconomics.


He is a Full Professor at INCAE Business School, where he teaches Industrial Organization, eBusiness and International Finance. He holds a master's degree and a doctorate from Harvard University.
He has conducted research on capital flows to emerging economies, sovereign debt renegotiation processes, particularly those of Ecuador and Argentina, privatization processes in Central America, company valuation methodologies and more recently on global investment strategies.
His article "La Deuda Externa del Ecuador" appeared in Cuadernos de Economía. His articles "Deregulating Telecommunications in Central America" and "Building Electricity Markets in Central America" were published in Larrain, F (2001): Economic Development in Central America, Harvard University Press. In the last issue of the Journal Incae he published "The consistent use of flows and rates in the valuation of companies and projects".
He has advised companies and organizations on risk management, regulation and investment strategies. He has also researched restructuring processes in the electricity and telecommunications industries in Central America, focusing on regulatory and financial aspects.
Articles
Raventós, P. (Pedro) (2020). Negative oil price?
Barbosa, F.; Raventós, P. (Pedro) (2017). Muon Capital Management (D): Convertible Arbitrage.
Barbosa, F.; Raventós, P. (Pedro) (2017). Muon Capital Management (A): An Analytical Outlook on Hedge Funds.
Barbosa, F.; Raventós, P. (Pedro) (2017). Muon Capital Management (C): Merger Arbitrage.
Barbosa, F.; Raventós, P. (Pedro) (2017). Muon Capital Management (B): The Carry Trade.
Raventós, P. (Pedro); Zolezzi, S. (2016). Cement in Central America: Global Players in a Local Industry: Teaching Guide.
Raventós, P. (Pedro); Zolezzi, S. (2015). Electronic tendering of pharmaceuticals and medical devices in Chile.
Raventós, P. (Pedro); Sauma, M. (2014). Capital Market Assumptions at ARPM.
Raventós, P. (Pedro); Ospina, J.M. (2013). Strategic management in Latin America: Introduction to a special section.
Raventós, P. (Pedro); Zolezzi, S. (2011). Sportsbooks and politicians: Place your bet: Teaching Note.
Raventós, P. (Pedro); Zolezzi, S. (2011). Sportsbooks and politicians: Place your bet!.
Raventós, P. (Pedro); Zolezzi, S. (2009). Electronic Procurement of Pharmaceuticals and Medical Devices in Chile: An Initial Empirical Investigation.
Raventós, P. (Pedro) (2007). Rate Flows for Valuation.
Raventós, P. (Pedro); Zolezzi, S. (2006). Sportsbooks Y Politicos: A Quien Le Apuesta? / Sportsbooks And Politicians: Make Your Bet!.
Raventós, P. (Pedro) (2006). Price Limits to Discourage Entry.
Raventós, P. (Pedro) (2006). The Internet Strategy of the Costa Rican Tourism Board.
Raventós, P. (Pedro) (2000). Ecuador's External Debt.
Raventós, P. (Pedro) (1992). Ecuador's External Debt.
Raventós, P. (Pedro) (1987). Special Tariff Regimes.
Raventós, P. (Pedro) (1987). Concepts Of National Accounting.
Raventós, P. (Pedro) (1987). Effective Protection: Questions For Discussion (R).
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In the area of Finance, he has researched the dynamics of capital flows to emerging economies and sovereign debt renegotiation processes, particularly in Ecuador and Argentina. He has also researched restructuring processes in the electricity and telecommunications industries in Central America, focusing on regulatory and financial aspects. Professor Raventós has advised companies and governments on regulatory and strategic issues.


Executive Programs
Sergio Restrepo is a digital marketing expert by practice, who understands how to design global and local digital strategies. After ten years working in digital marketing, he understands exactly what moves clients and that is an authentic and human connection with brands.
With a passion for entrepreneurship, he has established himself as one of the key players in the global digital marketing sphere, creating solid development strategies and integrating creative digital solutions for brands that require multilingual and multicultural expertise.
Sergio understands what is technically required behind the scenes for a brand to deliver the most authentic customer experience possible, from a centralized global perspective.
Prof. Restrepo founded a core digital agency in 2007, which grew to over 250 employees and was later sold in 2014 to a global marketing holding company. Since then, he has started and sold other companies leveraged by the technology component.
He has developed digital marketing strategies in new and existing market territories for dozens of global brands, including Nestlé, 3M, New Balance, SaMiller, Honda and Johnson & Johnson, to name a few. Sergio worked with Lionbridge, a world leader in language localization, supporting the Global Digital Marketing Services division until the end of 2018.
He is a visiting professor in digital marketing and digital transformation at IESE Business School (SPAIN), Georgetown University (USA), Boston University (USA) and INCAE Business School (Costa Rica). He is currently dedicated to marketing automation and digital transformation consulting.


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Dr. Arnoldo Rodriguez is an associate professor at INCAE in the areas of Financial Accounting, Managerial Accounting and Control. He earned his Ph.D. from the Carlson School of Management at the University of Minnesota. He is also a graduate of INCAE. Professor Rodriguez is the Director of the Master in Analytics, Innovation and Technology (MAIT) program at INCAE.
He also serves as a consultant to companies in Latin America and has been a guest lecturer at the University of Minnesota, Webster University in St. Louis, and has lectured and taught at universities throughout Latin America. His main academic interests focus on the topics of Value Creation, Risk Management and Accounting Systems Analysis and how companies structure and manage these topics in the age of analytics.
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He currently serves as an assistant professor at INCAE in the following courses: Financial and Managerial Accounting, Control and Budgeting and Applied Research.
He also conducts refresher seminars in the area of Executive Training, and is Director of the Research Center at INCAE.
Among his other activities, Prof. Rodriguez is a consultant to companies in the Central American region, a member of the American Accounting Association and an advisor to the Costa Rican Government in the areas of fraud and manipulation of accounting figures.
No specific prior experience or experience in the field of analytics, innovation and technology is required to enter this program. It is designed for both individuals with no experience and professionals with 3-5 years of experience who wish to acquire knowledge in these topics.
The program uses a practical and application-oriented approach. It combines theory with real case studies, hands-on projects and participation in collaborative activities to develop concrete skills in data mining, technological innovation and business management.
The program is structured in thematic modules covering different aspects of analytics, innovation and technology (Data Mining, IoT, artificial intelligence, cybersecurity...). Each module focuses on a specific topic and uses a combination of lectures, workshops, case studies and hands-on projects to cover the theoretical and practical aspects of each area.
After completing this master's degree, you will be prepared to take on leadership roles in digital transformation projects in a variety of industry sectors, including marketing, finance or legal, among others. In addition, you will be qualified to work in companies looking to leverage the latest technologies.
We have job placement and career counseling services that graduates have access to for life.
Contact our admissions team and schedule a consultation to resolve your doubts or receive assistance during enrollment.

Select the INCAE program you would like to attend and complete the online application process.