Study Abroad in Peru: Certificate in Business in Emerging Markets

To the left, a student tours the Barrick’s Pierina mine in the northern Ancash region of Peru; to the right, a student tours the Macchu Picchu in Peru

The ESAN Graduate School of Business in Lima, Peru, is now offering a new Certificate in Business in Emerging Markets (CBEM) program for international students interested in learning about business in an emerging market. The program is designed for young professionals, master’s degree students, and undergraduate students who have completed at least 80 credits.


The CBEM program includes 17 weeks of study in Lima, Peru, with a total of 205 student class hours. All classes will be taught in English. Courses include:

  • Cross-Cultural Management and Leadership in Latin America (3 weeks - 16 hours)
  • Economic Integration (3 weeks - 16 hours)
  • Economic and Business Development in Peru (3 weeks - 16 hours)
  • Dealing with Risk in Financial Markets in Latin America (3 weeks - 16 hours)
  • Entrepreneurship (16 weeks - 56 hours)
  • Development and Launching of New Products (16 weeks - 70 hours)
  • Spanish for Beginners (1 week - 15 hours)

In addition, students will also visit a number of Peruvian and international firms to see how these companies conduct business in an emerging market.


The CBEM program is offered twice yearly. The first term runs from the beginning of March to mid-July. The second term runs from the beginning of August to mid-December.  

To be admitted into the program, you need a GPA of 3.00.  You also need to have taken 80 hours of college courses or equivalents prior to entry (including AP credits).  The ability to speak Spanish is not required, as the courses will be in English.

If you have any questions, please contact Dr. Seth Blumsack at


Student Testimonials

Spencer Frank, Energy Business and Finance '13
ESAN University served as my school away from school for my international adventure to the wonderful country of Peru. I was embraced by the immensely intelligent staff at ESAN, who acted as my formal teachers and guardians as I explored a new country and a new side of myself. I was encouraged to investigate how sociopolitical issues affect the project finance of mineral extraction. I focused on the troubled city of Cajamarca, a global focal point because of the controversial Conga mining project. I accomplished my task by performing diverse professional interviews, a skill that I learned at ESAN. The data collected allowed me to understand multiple perspectives of the controversy. This applied learning style forced me to grow in a whole new way educationally and I am thankful. My Peruvian experience has allowed me to return to Lima in order to start my career within the graduate programme at Trafigura, a global commodities trading and logistics firm. I challenge you to to follow in my footsteps, discover the breathtaking country of Peru, and learn about cutting edge international business issues in the quickly developing city of Lima.

Natalie Gerber, Energy Business and Finance '14
While the task of traveling to South America without knowing a single person seemed daunting, through the help of ESAN, as well as some great friends I met in Lima, my time in Peru was very enjoyable. One great thing was that ESAN did not throw me into the curriculum right off the bat—they gave me time to get acclimated to the new, huge city and to practice my Spanish skills. I was able to learn in depth and first-hand about the Peruvian culture, politics and environment as well as learn about business in general in Spanish-speaking countries (which is extremely beneficial especially in the College of EMS when you are working with energy and the environment). It is amazing to see how differently business is conducted in countries other than the United States. I was also provided with out-of-classroom knowledge about the controversial topic of mining in Peru. Because the whole country is affected, there are many conflicting opinions about mining in Peru. By living in another country you get a completely different perspective than what we see in the United States, and you realize that there is still so much more to learn. The faculty and staff at ESAN worked with me to optimize my learning experience in school as well as out of class. My time at ESAN and in Peru was without a doubt a life changing experience. Perhaps the best thing about going to Lima is that you quickly start to call it home. I encourage you to undertake the same experience.