Incoming Students - CBEM Program

CBEM Program

The CERTIFICATE IN BUSINESS IN EMERGING MARKETS (CBEM) is a program offered to international students interested in learning about the environment for doing business in an emerging country and it is focused in the Latin-American reality. The program will help the students to understand the differences in leadership, styles of managements, business opportunities, financial and risk, and how to develop a marketing project for the Latin American market.

It is designed for master students and/or undergraduate students who have completed the first three years of the Bachelor program and fulfill the requirements.

The CBEM program, taught entirely in English, is a part-time study program. It combines 17 weeks of studies (190 hours which are equivalent to 10 ESAN credits) with company visits.



crash course in spanish for beginners
(1 week – 15 hours)

Foreign Investment in Emerging Economies (*)
(64 hours – 4 ESAN credits)

cross cultural management & leadership in latin america

economic integration

economic and business development in peru

dealing with risk in financial markets in latin america

(16 weeks – 56 hours – 3 ESAN credits)

Project Management Product Launching
(16 weeks – 70 hours - 4 ESAN credits)

(*) This course is organized into 4 modules of 16 hours each one and integrated by a team of faculty experts: 1) Cross Cultural Management & Leadership in Latin America, 2) Economic Integration, 3) Economics Business Development in Peru and 4) Dealing with Risk in Financial Markets in Latin America.

It opens twice a year and students can choose to study from beginning of March to mid-July or from beginning of August to mid-December. Some important dates in the CBEM Program during the semester:

Students who will participate in the CBEM Program must meet the following prerequisites:

Foreign Investment in Emerging Economies

Finance (basic)

To Understand and apply the concepts of simple and complex interest; fixed and variable annuities, debt finance, debt consolidation, internal return rate, and present value.

statistics (basic)

to Identify, measure and graph statistical variables; to analyze and apply central tendency and variable measures, to calculate probabilities of different events, and the variance and expected value of different variables.


Project Evaluation & Formulation

To Analyze and evaluate a business plan according to the market opportunities. At the same time, they should know how to select the efficient strategy to run a project with a backup on economic and financial analysis.

Project Management Product Launching

Segmentation & Positioning

To Understand the concepts of segmentation and market position and process involved. In addition, they should know how to design and explain strategies.

Market Research I

To Describe the importance, the stages and the activities a market research should meet.

To Analyze and explain the development of the market studied in order to elaborate an action plan.


  • Specialization in emerging markets focused in Latin America.
  • To increase employment opportunities through the acquisition of new skills.
  • Designed entirely in English.
  • To allow students to be in contact with Latin America business environment, which improve the vision to better manage the business in the region.
  • A high quality study opportunity.
  • Affordable Cost.



Visiting enterprises is the most effective way to learn the dynamics of business in emerging markets. In the course of the CBEM program, students may visit different national companies of international prestige, and well-known foreign companies with headquarters in our country. The aim of these visits is that students know how these companies do business in an emerging market, which currently generate employment and represent new opportunities.

Corporate visits during the previously semester:

  • Grupo Gloria
  • Lindley Group
  • BVL Bolsa de valores de lima
  • BCRP Banco Central de Reserva del PERU


Students who successfully complete the program requirements will receive the Certificate in Business for Emerging Markets by ESAN University.


Some important dates in the CBEM Program during the semester:




Nomination Deadline

October 30th

Application Deadline


Welcome and orientation day


Beginning of Classes


End of exams

JULY 15th

*Expected arrival date: one weeks before the term begins.


Each semester, the CBEM Scholarship are awarded for a full semester, which includes a 70% reduction in tuition fees. Thus, the program fee is US$ 2,500 dollars, providing the following benefits to students : a) Accident insurance; b) ESAN ID Card (Students can access to the library, computer labs and participate in extracurricular activities); and c) University Card (Students will gain the benefit of low-cost public transportation and access to certain public establishments at half price, ex: theaters, museums, libraries, etc. - issued by the Peruvian government).


  • Online application form
  • A full-color digital photo (JPG Format).
  • English language Certificate (for not native English speakers) TOEFL IBT 80 or IELTS 6.5.
  • Resume or CV (English or Spanish).
  • Official Transcript of Records from all courses taken at Home University (English or Spanish).
  • A clear copy of valid passport.
  • Learning Agreement signed by your coordinator.
  • Copy of International Health Insurance (Mandatory).
  • Round air ticket to Peru


Mariella olivos Esta dirección de correo electrónico está siendo protegida contra los robots de spam. Necesita tener JavaScript habilitado para poder verlo.
Esta dirección de correo electrónico está siendo protegida contra los robots de spam. Necesita tener JavaScript habilitado para poder verlo.
International Office Bachelor Programs

Log in