Mylife, UM is OK, but you are right about the cost effectiveness issue & though they have a well known football team I'm not sure its THE best place for academic repute---but again, its not the worst either. If you wanted an international MBA & your goal was specifically to crack into one of the major companies with a Latin American focus then it wouldnt be bad. A cheaper alternative is FIU (the public university in Miami): this is a large (40-50,000 students) research institution with VERY reputable programs BUT outside FL, Latin America & the Caribbean no one has heard of it. I understand UF is starting an MBA satellite program in the area---but the state schools will really nail you with out-of-state tuition---but it would still be cheaper than UM.