Puerto Rico's economy is becoming more diverse. Just a few decades ago, the island was predominantly a manufacturing hub.<\/p>\r\n
Puerto Rico has seen recent, significant growth in the service sector, particularly in the financial and healthcare industries.<\/p>\r\n
This expansion comes with a positive job outlook for aspiring managers and business administrators living in Puerto Rico.<\/p>\r\n
Projections Central<\/a> highlights potential employment changes in Puerto Rico from 2020-2030. Notably, it shows a projected 35% job increase for medical and health services managers, 22.8% for financial managers, and 15.9% for marketing managers.<\/p>\r\n Students can prepare for that job growth by pursuing an online MBA<\/a> in Puerto Rico. Learn more about what Puerto Rican MBAs include, how much they cost, and what jobs graduates can pursue.<\/p>\r\n\r\n\n \n \n <\/a>\n\n\r\n With the island's proximity to Central and South America, MBA programs and concentrations often focus on Latin American business.<\/p>\r\n Whether studying online, in-territory, or out-of-territory, students can enjoy a bilingual and culturally diverse atmosphere that prepares them for international business management.<\/p>\r\n\r\n Online MBA programs in Puerto Rico closely resemble MBA programs on the U.S. mainland. They are often asynchronous and last for about two years.<\/p>\r\n Students can expect to complete about 38-48 credits, including a capstone research project, seminar, or simulation. The 7-10 core classes explore fundamental business accounting, marketing, and economics. The rest of the program focuses on specialized classes.<\/p>\r\n Puerto Rican schools provide standard MBA concentrations, like finance, accounting, and marketing. However, some universities may offer extra specialization options — like tourism — that cater to developing Puerto Rican industries.<\/p>\r\n The entire program may cost about $9,700-$12,500, depending on the school and total credit requirements. Non-Puerto Rican residents may pay slightly more.<\/p>\r\n\r\n\n Most Puerto Rican schools expect MBA applicants to hold a bachelor's degree and fulfill basic prerequisites. These commonly include undergraduate accounting, economics, and statistics courses.<\/p>\r\n Applicants must also meet minimum GPA requirements. Students often need a 2.25-2.5 undergraduate GPA, although some specializations may require a 3.0 minimum.<\/p>\r\n The application process often begins with an online form. Students provide basic demographic and educational information, then share their undergraduate transcripts and proof of degree completion. They may need to pay an application fee, although not all schools require one.<\/p>\r\n Some Puerto Rican institutions request proof of language proficiency in Spanish and English. Showing mastery in both languages may increase chances of acceptance — especially for international business concentrations.<\/p>\r\n Recommendation letters, a resume, and business experience may also boost an application.<\/p>\r\n\r\n\n Many Puerto Rican MBA programs offer specialization options. Common concentrations may include online MBA programs in human resources<\/a>, finance, and marketing. These prepare students for a career in management, specifically in the leading Puerto Rican banking and healthcare industries.<\/p>\r\n Some schools provide concentrations tailored to prevalent industries across Latin America. For example, Ana G. Mendez University offers a Spanish-only concentration that explores international business, specifically in Latin America. Other possible specializations that support Latin American economics include agribusiness and tourism.<\/p>\r\n Learn more about concentrations<\/a> with our MBA specialization guide.<\/p>\r\n\r\n\n \n \n <\/a>\n\n\r\n Puerto Rico had developed a significant manufacturing industry up until a tax regulation change<\/a> in 2006. This shift greatly affected the economy and caused unemployment to skyrocket.<\/p>\r\n Since then, Puerto Rico has experienced significant economic change and expanded into various industries. The island now also reports record-low unemployment rates, dropping to 5.8% in August 2022<\/a>.<\/p>\r\n According to a 2020 report<\/a>, manufacturing still accounts for about 48% of Puerto Rico's GDP. The service industry follows close behind, totaling almost 43% of the GDP.<\/p>\r\n Based on GDP, the largest industries within the service sector include real estate (16.6%), retail trade (5.7%), finance (4.6%), and healthcare (3.8%).<\/p>\r\n Of these four industries, only finance and healthcare grew from 2019-20. Finance also had the highest GDP industry growth rate in Puerto Rico, expanding by over 18%.<\/p>\r\n The U.S. Bureau of Labor Statistics<\/a> (BLS) shows similar trends regarding employment. After the government and trade, transportation, and utility sectors, the following industries boast the highest employment in August 2022:<\/p>\r\n An MBA can prepare residents for managerial positions in any of these industries. Choosing to study in Puerto Rico — and selecting a concentration applicable to the island's leading industries — shows commitment to developing Puerto Rico's economy.<\/p>\r\n Before selecting an MBA program and concentration, students might also consider the biggest Puerto Rican employers listed below.<\/p>\r\n\r\nWhy Get an Online MBA in Puerto Rico?<\/h2>\r\n\r\n
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What To Expect From MBA Programs in Puerto Rico<\/h2>\r\n
Admission Requirements for MBAs<\/h3>\r\n
MBA Concentrations in Puerto Rico<\/h3>\r\n
Puerto Rico's Economy<\/h2>\r\n
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