Is Spain a good country for MBA?

According to a top ten ranking published by the Financial Times, Spain offers some of the top business schools in Europe, and two of them are also included in The Economist's list of the best MBAs worldwide.

How much would an MBA in Spain cost?

The government regulates the MBA in Spain fee which ranges from 960 to 1,800 Euro depending on the number of credits.

Is Spain the best place for Indian students to pursue MBA?

For Indian students, studying in Spain provides a wonderful opportunity to learn Spanish culture and language. When compared to other places, international students can study in Spain and enjoy a higher level of living and affordable education.

Why study business in Spain?

Business schools in Spain not only connect you with potential employers through events, but many programs act as a gateway for optional or even required internship opportunities for you to gain hands-on experience and expand your network.

Is GMAT important for MBA in Spain?

Not necessary, and it depends if you have work experience. However, there are few universities that would ask for the GMAT score.

MBA in Spain for Indian Students: Business Schools in Spain, Admission Process, Eligibility, Cost, and More

For international students, Spain is an excellent country to obtain a degree. It is, in fact, a perfect choice for students who value a century of educational experience, a pleasant temperature, and magnificent beaches. Spain is a fascinating and UNESCO-protected country with many opportunities to learn, grow, and socialise. There are around 76 universities in the country's higher education system, 45 of which are public and 31 private. These universities offer amazing courses to pursue MBA in Spain.

But is it easy to pursue an MBA in Spain? No, the process involves a lot of factors like university selection, eligibility, cost of studying, etc.

Let’s explore these and other critical factors to get enrolled for an MBA in Spain.

Table of Content

Why Study MBA in Spain?
MBA Programs in Spain
Top MBA Universities in Spain
Admission Process and Eligibility Requirements for MBA In Spain
Documents Requirements for MBA in Spain
Cost of Studying MBA in Spain
Scholarship for MBA in Spain
Job Insights after MBA in Spain

Why Study MBA in Spain?

Spanish business schools and MBA programs earned an excellent reputation globally, and they are ranked highly in publications such as The Financial Times, BusinessWeek, and Forbes. Additionally, the prerequisites for admission to a Spanish business school may be less stringent than in other nations. On the other hand, the programs are as rigorous and give the necessary training for a professional job. Let’s check the other perks of studying MBA in Spain:

The educational system is well-organised and well-executed to provide the best learning opportunities to students at all levels.
What better motivation to study in Spain than to have the opportunity to practice your Spanish language skills with native Spanish speakers? Even if you are studying in Spain in English, you can take a Spanish course or simply practise on your own.
Spain's economy appeals to students who desire to stay in the country after graduation.
MBA programs in Spain are available in Barcelona, Madrid, and even Seville. Some top management universities hold AMBA, EQUIS, and AACSB accreditation.

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MBA Programs in Spain

When it comes to the type of MBA, business schools in Spain offer different programs, including:

Full-Time MBA: Students with a few years of professional experience can pursue a full-time MBA.
Part-time MBA: Students with three years of professional experience and particular professional responsibilities can pursue this course.
Executive MBA: This program is ideal for students with at least 5 years of professional experience.
Global MBA: This course is for university students having 5 years of work experience. It's a part-time program with online classes delivered through technological learning platforms.

Next, let’s look at the universities where international students can pursue these MBA courses.

Top MBA Universities in Spain

MBA in Spain for international students is offered in some of the top universities with a better career path. We have mentioned a few below:

Universitat de Barcelona (The University of Barcelona)
Universidad Autónoma de Madrid (The Autonomous University of Madrid)
Complutense University of Madrid (The Complutense University of Madrid)
IESE Business School
ESCP Business School

1. Universitat de Barcelona (The University of Barcelona)

The Universitat Autònoma de Barcelona (UAB) is the most acclaimed university for MBA in Spain and is noted for its brilliance in research and teaching. The University of Alabama at Birmingham caters to all facets of university life. With about 50,000 students, lecturers, researchers, and administrative personnel, the campus is a true city of knowledge. It is equipped with all of the university's essential services, including residence halls, specialised libraries, a language study centre, recreation facilities, a healthcare centre, restaurants, and cafés.

QS Ranking 2023	184
QS Subject Ranking 2021	121 MBA
Tuition Fees	Approx 12,000 Euro/ Rs 10,04,695 annually
Programs Offered	Executive MBA

2. Universidad Autónoma de Madrid (The Autonomous University Of Madrid)

This university was founded in 1968 and offers a diverse range of programs grouped into eight schools and connected institutions, such as the Red Cross University School of Nursing and the ONCE School of Physiotherapy.

This institution has over 30,000 students and 3,000 academic staff members and two campuses—the famed Faculty of Medicine, located near Madrid's La Paz Hospital, and the Cantoblanco Campus, located 15 kilometres north of Madrid and is surrounded by nature.

This university is part of the Campus de Excelencia UAM-CSIC and has an ambitious employability plan and several relationships with other universities, in addition to its excellent academic offerings. Maths, Nanotechnology, and Theoretical Physics, for example, have garnered a prominent international reputation as research excellence areas in this university.

QS Ranking 2023	215
QS subject ranking 2021	159 in MBA
Tuition Fees	Approx 27,36 Euro/ Rs 2,29,003 Annually
Program offered	MBA in Economics and Administration

3. Complutense University Of Madrid (The Complutense University Of Madrid)

Established in 1927, the Ciudad Universitaria campus works with the purpose of combining education, research, and culture. This extremely competitive university now has over 86,000 students and is spread throughout Madrid's Ciudad Universitaria neighbourhood.

It also has institutions in the neighbouring city of Pozuelo de Alarcón, as Spain's largest university. Media and communication science, teaching and learning science, and computer science are among the science domains taught at the institution. It also houses an art faculty, geography, and veterinary medical programs. In addition, the institution has speciality schools for medicine and law.

QS Ranking 2023	226
QS Subject Ranking 2021	27 in MBA
Tuition Fees	Approx 5,000 Euro/ Rs 4,18,500 annually
Program Offered	MBA in Accounting, Business Organisation, Operation Management and Technology

4. IESE Business School

IESE Business School is a part of the University of Navarra and was founded in 1958 in Barcelona. The IESE MBA program begins in September and lasts 15 to 19 months. The Economist ranked it first in Europe in 2018. More than 50 nationalities are represented as part of this university and more than 85% of students are from outside the United States, and up to 94% of them land top positions within three months of graduation. Students in the IESE MBA program have an average of 5 years of work experience and are 29 years old.

QS Ranking 2023	253
QS Subject Ranking 2021	10 in MBA
Tuition Fees	Approx 46,350 Euro / Rs 38,83,348/- annually
Program offered	Executive MBA / Global MBA

5. ESCP Business School

ESCP Business School started its academic doors two centuries ago. Madrid, Berlin, Paris, London, Turin, and Warsaw are among the cities where it presently has campuses. Students pursuing an MBA in International Management can study on different campuses each semester.

As a result, they have the option of beginning their studies in Madrid and finishing at one of the other ESCP campuses throughout Europe. Candidates with at least three years of work experience are welcome to apply for the MBA, which lasts ten months.

QS Ranking 2023	N/A
QS Subject Ranking 2021	6th in MBA
Tuition Fees	Approx 20,850 Euro/ Rs 17,46,878 annually
Program Offered	MBA in International Management

Now you know the MBA in Spain for Indian students fees, top universities, their QS rankings, etc. Next, let’s explore the…

Admission Process and Eligibility Requirements for MBA in Spain

To earn seats in the best MBA programs in Spain, you need to follow all the admission processes and eligibility criteria.

Eligibility Criteria

If you wish to study MBA in Spain, you must have a relevant bachelor's degree or an equivalent qualification. To pursue an MBA degree in Spain, you must have at least three years of professional experience. Most Spanish universities accept GMAT scores, and students must submit IELTS or TOEFL scores as proof of English competence to be taken into Spanish universities.

Admission Process

MBA in Spain for international students applications are available online on the university's official website. Directly from their separate websites, you can download the application form. Fill out the application form and submit it along with the required papers by the deadline. An interview is scheduled after the institution receives the application.

The interview is a critical step toward gaining admission to the university and a student visa. It tests your perspectives, knowledge, communication skills, and abilities. So demonstrate self-assurance and a positive outlook while giving one.

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Document Requirements for MBA in Spain

Following are the document requirements for MBA in Spain for Indian students:

Fees and application form
Certificates of work experience
Academic certificates and qualifications
For admission to an MBA program in Spain, several business institutions require GMAT scores
TOEFL/IELTS scores
A CV should contain detailed information about you, such as your educational background, accomplishments, work experience, and so on.
At least two letters of recommendation, one from your boss and one from an academic professor. The document must be signed and sealed.
At least three application essays are required. Include your objectives, replies to questions, such as why this business school, your 5-year professional ambitions, and what you hope to achieve through this business school.

MBA in Spain without GMAT Score:

To secure a seat in a university in Spain for MBA without GMAT Score, you need to present 3-5 years of work experience.

Cost of Studying MBA in Spain

MBA in Spain for Indian students fees depends on the university and the type of management course they are taking up.

Expenses	Cost in Euro	Cost in INR
Tuition Fees	Euro 960 to 1,800 (public university) Euro 10,000 to 20,000 (private university)	Rs 80,537/- to Rs 1,51,007 yearly Rs 8,38,929/- to Rs 16,77,859 yearly
Accommodation Cost	350 to 650 Euro per month	Rs 29,362 to 54,530 per month
Food Cost	200-300 Euro per month	Rs 16,778 per month
Transportation cost	60 Euro per month	Rs 5,033/- per month

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Scholarship for MBA in Spain

Business schools in Spain offer a scholarship for international students. You can pursue the best MBA programs in Spain, like the executive MBA Spain, using the scholarship money. These scholarships help to bring down the overall cost of studying in Spain. International students receive various scholarships depending on their merits and annual alumni. Let’s check a few that can be applied:

Scholarship	Eligibility & Grant
Erasmus Mundus Joint Masters scholarships	A monthly stipend of Euro 1,000/ Rs 84,049, travel, and others. Students need to graduate for this scholarship.
UIC Barcelona – International Excellence Scholarships	20% discount on tuition fees. Students need to have a degree certificate.
EADA Business School – EADA Scholarships	25 – 50% discount on tuition fees. It is offered on the merit basis.
Barcelona GSE Master Scholarship	The candidate must be an undergraduate or a bachelor holding a university diploma. The candidate will receive a tuition fee waiver of up to 25%, 50%, 75%, or 100% of their tuition expenses.

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With these scholarships, any international student can pursue an executive MBA Spain or any other. Next, let’s check the opportunities one will get after pursuing an MBA in Spain.

Job Insights after MBA in Spain

After completing your education in Spain, you can work there, although obtaining jobs in Spain for Indian students can be tough. Post undergraduate or postgraduate degree programs, a candidate needs to apply for the post-study-work-visa, which will allow them to stay in Spain for a year after graduation and hunt for work.

If you want to apply for a post-study work visa in Spain, you must do so at least 60 days before your current student visa expires at the Spanish immigration office.

Some of the job opportunities after an MBA in Spain are:

Customer Success Manager
Business Development Manager
Program Manager
Innovation Strategy Consultant

An average annual salary of an MBA certificate holder in Spain is 90,901 Euro/Rs 76,18,203. Let’s check more job roles with salaries after MBA in Spain.

Position	Payscale (Annually)
Operation Manager	173378 Euro/Rs 145,33,200
Project Manager	99815 Euro/ Rs 83,66,871
Business Development Manager	80800 Euro/ Rs 67,72,961

Suggested: Public Universities in Spain

Now you know all the critical information to pursue MBA in Spain. However, if you still get stuck at any step or decision, take end-to-end guidance from our expert counsellors by choosing Yocket premium.