MBA in Spain

Introduction
Top Universities
Eligibility
Admission Procedure
Fees Structure
FAQ

MBA in Spain

Studying Business & Management is one of the most popular fields of study, in which you learn everything there is to know about running a successful business. Today, a majority of students look for the best opportunities to make a career in business management and its related fields. Spain is a paradise for entrepreneurs. Despite the financial crisis that hit Europe hard in 2008, its business schools have bounced back. Among the major Spanish cities, including Madrid and Barcelona, applications are steady, job prospects appear good, and entrepreneurship and innovation are flourishing. Are you interested in studying business administration abroad? If so, you need to take a look at Business schools in Spain. Spain. Every year, the country welcomes nearly 50,000 international students, with Madrid and Barcelona among the top student cities.

Medium of Instruction	English and Spanish
Duration of Course	12 months to 18 months
Intakes	There are two session intakes in October and some programs in January or April.
Fee Range	Approx 960 to 1800 Euros in public universities and 10,000 to 20,000 Euros In private universities.
Work Experience	Work experience is given the top priority while choosing selected candidates for admissions.
GMAT/GRE	Many universities in Spain require the GMAT or GRE score; however, a few don’t.
English Proficiency Test	Minimum qualifying marks in TOEFL and IELTS are required
Work After Study	After completing their MBA degree; students have tremendous scope for jobs in Spain.

Top Business Schools in Spain

There are several business schools that have gained popularity for being among the best in Spain. Some of these business schools include –

IESE Business School, Universidad de Navarra
ESADE Business School, Barcelona Campus
IE Business School
EADA Business School Barcelona
Universidad Carlos III Madrid
ESCP Europe
ESIC Business and Marketing School

Why Study MBA in Spain

The prime concern of students while choosing their MBA destination is the reason to choose the place. With Spain as your ideal destination, you have tons of advantages to look forward to. Some are –

Spain is home to some of the best business schools in the world. If you choose the country as your MBA destination, you will be exposed to top universities with global recognition.
Spain is popular for offering a wide range of specialization courses and programs for MBA. Students can get a variety of choices while applying for an MBA program.
The process of getting into a business school in Spain is as easy as pie. The admission requirements and procedures aren't that high compared to the western countries.
Business administration programs in Spain offer excellent internship opportunities. In addition to the business-oriented and practical approach that all Spanish business schools provide, students can also participate in internship opportunities since many multinational companies work closely with all Spanish business schools.
Spain is among the most-loved destinations by tourists as well. Therefore, students here can enjoy the warm weather and the lovely attraction that the country offers.
Most business schools in Spain conduct MBA courses in the English language. Even though adding another language like Spanish to your CV can prove fruitful, there are courses taught in the English language as well.
Spain has a multicultural community that helps students be exposed to different languages and cultures under the same roof.

Highlights

Spain is a much-coveted destination for an MBA around the world. Among the major highlights of studying MBA in Spain –

Students have various benefits of studying MBA in the country, like having access to free healthcare.
Most business schools offer affordable fees for the convenience of international students.
Studying MBA in Spain is paving the way to a successful business career.
There is more than one intake in business schools in Spain.
There are different MBA programs offered by various universities for the ease and convenience of students.

MBA Specialization in Spain

In Spain, you can choose your particular program and pursue a successful business career. Some of the specializations offered by universities are –

Economics and Finance
International Business
International Business Management and Innovation
Digital Business
Business Innovation
Entrepreneurship
Financial Management
Digital Banking
Marketing Management

Eligibility for MBA in Spain

To successfully secure admission in Spanish business schools, students must fulfill the following eligibility criteria –

A bachelor's degree is required or an equivalent degree diploma
Students must have a minimum of three years of work experience for MBA in Spain
GMAT scores are compulsory for admission to Spanish institutes
Students must successfully clear the IELTS or TOEFL examinations

Documents Required

At the time of admission, students are required to show the following documents –

IELTS or TOEFL scorecard
GMAT scorecard
Valid passport
Bachelors or equivalent degree certificate and mark sheets
Visa
Recommendation letters
An updated CV including all details of academic and professional experience
Filled-in application form

Intake

The admissions into business schools in Spain usually open twice a year- during the fall and spring seasons.

The fall intake resumes in October
The spring intake resumes in September

Course Duration

The course duration in different business schools differs. Some of them are mentioned in the table below –

BUSINESS SCHOOL	DURATION
ESADE Business School	15 months
IESE Business School	19 months
IE Business School	12 months
Escuela De Negocios A Fundacion	5 terms
EADA Business School	11 months
ESCP Business School	10 months
GBSB Global Business School	10 months

Admission Procedure

If you wish to secure a successful admission procedure at any business school in Spain, here are the steps for the application process –

In Spain, most business schools offer online applications. You can directly download the application form from the school's website.
Complete the application form with all relevant information and submit it before the application deadline.
Select applicants will be interviewed after the institution receives their applications and documents.

English Proficiency Requirement

Since most business schools conduct the MBA program in the English language; students are required to take the IELTS or TOEFL examinations. A minimum score of 7 is required in either IELTS or TOEFL. You can take the test within one month from the date you decide to take it.

MBA In Spain Without GMAT

Most business schools around the world look for GMAT scores for MBA admissions. However, there are a few universities that guarantee admission without any GMAT score. For example, IE Business School in Spain does not require the GMAT score for admission!

Cost of Studying MBA in Spain

Most students are often worried about the living and studying costs in any international country. Students have exposure to qualitative education and excellent facilities at affordable costs when it comes to Spain. The average cost of studying in Spain varies from Euros 1,000 to 3,000 per year. However, the fees may differ if you choose Private universities for an MBA degree.

Tuition Fees

Every university has its own fee structure. Some of them are listed below in the table –

BUSINESS SCHOOL/UNIVERSITY	RANKING	DURATION	FEE STRUCTURE
ESADE Business School	1	12 months	€ 62,700
IESE Business School	2	19 months	€ 77,700
IE Business School	3	13 months	€ 65,000
Universidad Carlos III de Madrid	4	11 months	€ 19,600
EADA Business School	5	11 months	€ 36,000
EAE Business School	9	12 months	€ 25,900
Universidad Europea de Madrid	11	10 months	€ 20,900

Visa

International students who wish to study in Spain for an MBA degree need to apply for a student’s visa. Student exchange programs, research or training, or unpaid internships and volunteer work for more than three months are all open to students from outside the EU, EEA, and Switzerland with a visa. More than three months' stay for students will require an official student visa.

Scholarships

Several students dream of achieving big in life with bigger career dreams; however, they are limited or restricted by financial burdens. There is a great deal of interest among Spanish business schools in recruiting qualified candidates, which is why many of them offer scholarships and loans to international students. Some of the scholarship programs are –

Global Student Contest Scholarship
ICM Online MBA Scholarships
Commonwealth MBA Scholarship
Siemens MBA Scholarship
Student Grant
Global Scholarship International Competition

Part-Time Jobs During MBA in Spain

Spain offers students an incredible opportunity to earn while studying MBA in the country. Students can work here with a student visa for up to 20 hours a week. However, there are a few restrictions that need to be followed by all students and the company that hires you. For example, the employer must apply to the Foreign Nationals Office in Spain to get permission to hire students.

Learning The Spanish Language Before MBA in Spain

Even though learning the Spanish language before applying for an MBA in the country isn't mandatory, it is recommended. It helps students to interact with the locals and expose themselves to a wider perspective.

Full-Time MBA in Spain

Spanish business schools offer different kinds of MBA programs, including full-time MBA and part-time MBA. Among the few business schools that offer full-time MBA are –

IE Business School
Universidad Carlos III de Madrid
ESADE Business School
IESE Business School
EADA Business School

Part-Time MBA in Spain

Spanish business schools offer part-time courses and programs for students who wish to work full time and simultaneously obtain an MBA degree. This makes it convenient for students to pursue both. Some universities or business schools that offer part-time courses are –

EADA Business School Barcelona
EU Business School
Barcelona School of Management
Universitat de Barcelona

Spanish Proficiency Requirements

None of the business schools in Spain requires a Spanish proficiency certificate. All will verify the IELTS or TOEFL certificates. However, it is encouraged for students to learn the Spanish language before application.

Job After MBA in Spain

One reason why Spain is very popular for MBA is that it offers incredible post-graduate job offers. This makes it a much-chosen destination for students willing to make a successful business career. Business schools in Spain are well-collaborated with top multinational companies, making it easier for students to find a job. Besides, multinational companies recruit Spanish school graduates from different parts of the world; therefore, an MBA from Spain looks good on your CV.

Indian Students in Spain

Since Spain is such a famous country for MBA, it has witnessed a great rise in the number of Indian students. Students flock here to make successful careers. According to statistics, in 2019, 1.2 lakh Indian students opted for Spanish universities for higher education. The cultural vibrancy, the qualitative education, the living standard, and the impeccable facilities and services make Spain a much-desired destination for education and work.

Cost of Living in Spain

Spain has been credited as one of the most beautiful countries to visit at least once in a lifetime. However, the cost of living depends on the living standard and lifestyle of students. The cost of living, including all amenities, is –

Rent in a flat: 330-335 Euros
Share of utilities: 30-35 Euros
Local transportation: 40-45 Euros
Food expense: 50-150 Euros

Visa Requirement in Spain

For an MBA in Spain, students must apply for a student visa. However, for the visa application process, you must follow a few steps -

Apply to a Spanish business school and get your acceptance or invitation letter.
Figure out the type of student visa you need for an MBA in Spain, which is short-term or long-term.
Clear the language requirement (IELTS or TOEFL)
Apply to the Spanish embassy for your visa process.

How do we help you in securing seat for MBA in Spain

Many dream of obtaining an international degree, but not all are equipped with enough knowledge on how to do it. Well, at Anigdha, we help students achieve big dreams with a bigger plan. Right from form-fill up to visa and departure, we are here to guide you throughout. Some advantages of contacting us are –

Consulting: We begin by explaining to you the process of application. Our team and experts will understand your ambition and help you choose the best universities.
Shortlisting: Based on your preferences, goals, and finances, we shortlist the best business schools for you.
Documentation: If you are confused about the documents required for admission, come to us. We are here to guide you through.
Application: Wherever you plan to apply, we are here to make the application process facile for you.
Counseling: You might get emails from universities during your application. We receive your emails and help you understand the process better.
Interview Rounds: Most Spanish universities conduct an interview before admission. We will arrange mock rounds for you to make it easier to crack the interview.
Visa Guidance: We will also apply for your visa and prepare for your departure so you can focus on your future goals.

MBA in Spain in Low Cost

Usually, public universities in Spain offer low-cost MBA programs. Some universities offering affordable MBA programs are –

ESADE Business School
EU Business School
Universidad Carlos III de Madrid
Geneva Business School

About Spain

Spain is a very popular country in Europe, with Madrid as its capital. It is home to 17 autonomous regions famous for their cultural diversity. The Capital city of Spain, Madrid, incorporates the Royal Palace and Prado Museum. The country has been an attraction for tourists, visitors, entrepreneurs, and students for decades. It is most famous for its picturesque beauty, sandy beaches, cultural diversity, music festivals, and more. Among a few interesting facts about the country are –

Approximately 406 million people across the globe speak Spanish
The highest Spanish mountain is not exactly in Spain
Spain is also considered UNESCO’s third-largest heritage country
Spain has special preparations and a different vibe during Christmas
Spain has the 14^th largest economy in the world

Capital	Madrid
Largest City	Madrid
Dominant Religion	Christianity
Total Area	505,990 km2
Total Population	47,450,795
Currency	Euro
Calling code	+34

FAQs

Do Spanish business schools provide free MBAs?

No, MBA is not generally free in the country. There are public universities that offer very low MBA fee structures. However, students have access to free healthcare while studying.

Is GMAT or GRE compulsory in Spain?

Yes, a GMAT or GRE score in Spain is necessary for students. However, a few colleges take in students without asking for a GMAT score.

Is learning Spanish compulsory for MBA?

Most universities in the country ask for at least B2-level Spanish proficiency.

Is Spain a good destination for a career in business and administration?

Spain has the 14th largest economy and 5th largest in Europe; therefore, job opportunities are incredible in the country. Besides, it is a great place to start up your own business.

Which cities are best for MBA in Spain?

Among the best cities in Spain for MBA are Barcelona and Madrid.