Master of Development Management and Practice

Admissions and Financial Aid

Admissions and Financial Aid

The selection process consists of three steps:

  1. Application for admission: Those interested must register, and present all the required documentation to formally start the admission process to the program.
  2. Exam: The exam, called PAEP, is offered by Universidad de Los Andes on the established dates. Other exams that are considered valid for international students are the GMAT or GRE, as long as they are less than two years old.
  3. Personal Interview with the Director of the Program and/or faculty member:

Once these three stages have been completed, the Graduate Selection Committee of the School of Management analyzes each application individually and decides whether the candidate is admitted or not.

Admissions Calendar

Application Deadline


PAEP Entrance Exam

March, 2020

List of Interviews Published

April, 2020


April, 2020

List of Admitted Students Published

April, 2020

Start of Classes

August 13, 2020

Admissions Process and Required Documents

Pay a non-refundable application fee of COP 450.000 here. Print the application fee receipt and attach it to the required documents. Fill out all sections of the online Application form here. Print it out and attach it to documents.

  • Fill out all sections of the online Application form here. Print it out and attach it to the required documents.
  • Two (2) photographs, including the one on the form, with the student name written on the back
  • Certified copies of diplomas or graduation certificates accrediting undergraduate degrees.
  • Official transcripts (original or certified copy) with a weighted average for each semester for all professional degrees. For international students, this document must have an apostille.
  • A CV that includes work history from the past four jobs (company, position, time, and a brief description of duties), noteworthy skills, personal characteristics, and academic information not included in the application.

These documents must be submitted at the Integrated Care Center (CAI), Calle 18A # 0-33 East, Block E, 1st Floor, Bogotá, Colombia (open Monday to Friday, 8:30 a.m. - 5:30 p.m.).

Prepare well for the PAEP admission exam at the LASPAU website, using the Tec de Monterrey course, and the PAEP practice exercises book, which can be bought at the University’s bookstore. 

Entrance Exam

The admission exam will be administered following the application. The School of Management at Universidad de Los Andes will use the PAEP Entrance Exam, which is a standardized test that assesses the following: 

Verbal aptitude: Antonyms, sentence completion, analogies, and reading comprehension (traditional analysis and critical analysis).

Math and science: Arithmetic, geometry, algebra, calculus, probability, physics, chemistry, and biology.

Cognitive abilities: Sequences and logical relationships, transformations, and logical reasoning.

Writing: Structure, use of vocabulary, syntactic complexity, and composition.

English (as a work tool): Structure, function words, and reading comprehension.

Take the PAEP entrance exam at the University in Bogotá on the date specified in the admissions calendar (at the end of this section).

Finally, you will have an interview within the range of dates specified in the admissions calendar (at the beginning of this section). You will be notified of the exact date of your appointment via email and/or online (Specializations, News section, List of Interviews).

Information for foreign students

ccording to Decree 1067 of May 26, 2015, and Resolution 714 of June 12, 2015, issued by the Ministry of Foreign Affairs, it is mandatory for foreign students who are going to study in Colombia, to have a student visa or another type of Visa that allows them to study. The visa must be presented to the Office of Admissions and Registration (window 4), or sent to, in order to comply with this legal requirement. It is important to do this before printing your registration receipt. Additionally, Colombian Law requires foreigners and minors who have a visa for over 3 months to carry the foreigner identification card as an identity document. Migración Colombia is the national authority issuing this document. Remember that you must apply for your visa well in advance in order to avoid inconveniences in the payment and registration of your application. If you want to know more about the visa process in Colombia, you can obtain further information about the Ministry of Foreign Affairs website: If you have any questions about the visa process, please call us at 3394949 Ext. 2211 - 2298 or contact us by e-mail at