MBA in Spain: Universities, Colleges & Fees

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Anurag Pal Study Abroad Expert
Updated on Jul 18, 2022 19:40 IST

Barcelona and Madrid have some of the best business schools in Europe, which make Spain an ideal destination to pursue an MBA. Spain is known for its weather, vibrant culture and many other ways to fill your free time during your study in Spain. For MBA courses, your business school or university will ask for professional recommendations, a CV and you will also have to submit your GMAT score with your application. Once you are accepted to a Spanish university you can apply for a student visa for a long-term stay in Spain, this visa will allow you to stay in Spain for more than six months to study.

Highlights for MBA in Spain

Factors

Particulars/Statistics

Total No. of MBA Colleges in Spain

Approximately 10+ Colleges

MBA Cost in Spain

Tuition Fee: €19,000 – €40,000 per year

Living Cost: €750 – €1,600 per month

Top Specializations

MBA Executive, MBA International, MBA Marketing etc.

Exams Required

GMAT, IELTS/TOEFL

Top 10 MBA Colleges in Spain

Here we will provide the list of top MBA colleges in Spain based on the subject rankings for Business and Management, by Times Higher Education (THE) and QS World University Rankings 2022.

University/College

QS Ranking 2022

THE Ranking 2022

Universitat Ramon Llull

Barcelona, Spain

#17

#401-500

University of Navarra

Pamplona, Spain

#23

#251-300

IE University

Segovia, Spain

#25

#n/a

Universidad Carlos III de Madrid

Madrid, Spain

#201-250

#801-100

Complutense University of Madrid

Madrid, Spain

#201-250

#501-600

ESIC

Madrid, Spain

#201-250

#n/a

Universidad Autonoma de Madrid

Madrid, Spain

#201-250

#301-350

Universitat Pompeu Fabra

Barcelona, Spain

#201-250

#156

Universitat Autonoma de Barcelona

Barcelona, Spain

#251-300

#170

Universitat de Bacelona

Barcelona, Spain

#251-300

#193

Popular MBA Specialization for Spain

MBA in Spain is a professional course and the duration of this course is 12 to 18 months. Spain offers a wide range of specializations in MBA. In this section, we list some of the most popular specializations in MBA in Spain.

  • MBA Executive
  • MBA International Business
  • MBA Marketing
  • MBA Finance

MBA Cost/Fee in Spain

The cost of the tuition fee in Spain is different in public and private universities. Public universities are a lot cheaper in comparison to private universities. Therefore, the cost of an MBA depends upon the type of university you choose to study. The cost of living depends upon your lifestyle, location of your university and type of accommodation. Here in this section, we will give the average cost of an MBA and living expenses in Spain.

  • Tuition Fee: Depending upon the type of university you choose to study MBA, the average tuition fee is in the range of €19,000 to €40,000 per year.
  • Living Expense: Depending on each individual lifestyle preferences, and travelling needs the cost of living in Spain may vary. However, the average cost of living in Spain is in the range of €750 – €1,600 per month.

Student Visa Cost

A student visa of Spain is a long-stay visa that allows you to stay in Spain for more than 3 months and pursue higher education. The cost of a student visa for international students other than in the USA and Canada is approximately $65.

MBA’s Requirements for Spain

There are several specialization programs for MBA. Therefore, the requirements for each course are different. However, the general requirements for studying MBA in Spain are as follows:

  • A completed application form
  • Official transcripts
  • CV
  • GMAT
  • Letter of Recommendations (LOR)
  • Essay
  • Interview
  • IELTS/TOEFL

Work Permit After MBA in Spain

International students are allowed to work in Spain after the completion of their course. They need to apply for the “Post Study Work Permit” before 6 months of the expiration of their study visa. This visa allows you to stay in Spain for up to 1 year and seek a job or start a business.

MBA Scholarships for Spain

Scholarships are a major factor to consider while planning for your study abroad. Scholarships are provided by many universities in Spain on a merit basis. Other than that, there are several scholarships provided by other organizations to study abroad. For detailed and comprehensive information on the scholarships for international students please visit our website.

MBA Jobs & Salaries for Spain (ROI)

An MBA degree from Spain equips you with the knowledge, skills and global insights for success all over the world, throughout your career. The world’s leading companies approach MBA graduates from Spain because of the value they deliver in whatever sector they work in. Fresh MBA graduates in Spain can expect a remuneration package between $97,000 - $100,000 per year.

MBA Courses

First Year Tuition Fee

International MBA

IE Business School, Madrid

INR 60,19,314

MBA

ESADE Business School, Barcelona

INR 61,52,706

MBA - Communication & Public Relations

EU Business School - Barcelona

INR 17,38,265

Master of Business Administration (MBA)

Geneva Business School, Barcelona

INR 21,59,283

Tech MBA

IE University, Madrid

INR 71,000

MBA

University of Navarra, Pamplona

INR 35,46,727

FAQs for Study an MBA in Spain

Q. What is the cost of a student visa for Spain?

A. The cost of a student visa for Spain is approximately $65.

Q. What is the cost of living for international students in Spain?

A. Spain is known for its low cost of living and quality of life. It will cost you anywhere between €750 to €1,600 per month.

Q. What is the tuition fee for MBA in Spain?

A. The tuition fee for an MBA in Spain depends upon the type of university, i.e., private or public university. The average tuition fee for an MBA in Spain is €19,000 – €40,000 per year.

Q. What is the minimum IELTS/TOEFL score required for an MBA in Spain?

A. Although the minimum overall score required for IELTS/TOEFL differs by the university, however, for IELTS/TOEFL an overall minimum score required is 6.5/95.

Q. Is GMAT required for an MBA in Spain?

A. Yes, it is mandatory to submit your GMAT score in the university application form, if you are an international student.

Q. How long can an international student stay to seek work post-study in Spain?

A. An International student is allowed to stay for up to 12 months in Spain post their study to seek work in Spain. 

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