Spain has been underestimated when it comes to management studies compared to other well-known European study destinations. But, international students can select to study in Spain since the educational system is efficient and well-run, to provide studies of all levels with the most extensive learning opportunities possible. The same goes for taking up MIM in Spain, which offers a positive gateway to students seeking management courses.
For graduates with work experience, the Master of Management (MIM) degree provides general business and management understanding. International business colleges and universities offer MIM degrees as a cost-effective alternative to MBA degrees. We further provide you with more information about top universities in Spain offering MIM programs, eligibility criteria, admission process, and job prospects.
Why Study MIM in Spain?
Due to the low educational costs and Spain's fantastic quality of life, many international students from all over the globe choose Spain for their higher education. Some benefits students can have with MIM in Spain are:
- The one-year program will help students to gain better insight into the management field. This helps in preparing for the corporate world.
- There are better work opportunities post-completion of MIM in Spain. Moreover, there is no compulsion to have work experience.
- MIM universities in Spain are top class in terms of academic and infrastructure. You will get a positive vibe from studying.
- Students after completing MIM in Spain will have good job opportunities with better yearly packages.
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Top Universities for MIM in Spain
There are many universities/colleges that offer top-level degrees that provide advanced general administration knowledge and cover a wide range of board courses such as finance, advertising, counselling, and company ventures. Some of the following universities in Spain are:
- IE Business School
- EADA Business School
- ESADE Business School
- EAE Business School
- GBSB Business School
So, these are some of the best universities for MIM in Spain, let’s discuss it in detail:
IE Business School
IE Business School is a business school with alumni and an undergraduate program in Madrid, Spain. The Master in Management is composed of 2 periods of central business modules and a third period of concentration. The program is designed for high-performing students with entrepreneurial skills who want an advanced and challenging business program and want to expand their opportunity scope. In the main courses during the first 2 periods, students will cover the keystones of business management and build a solid groundwork, expanding the viewpoint to see the business organisation entirely.
Type |
Private |
QS Subject Ranking 2022 |
5 |
Program offered |
MIM |
Course Duration |
1 year |
Program Fees |
40,956 USD/ per year (3,174,704 INR) |
EADA Business School
The EADA Business School is an international business school based in Barcelona. The Master of Management program is planned for international students from diverse cultural and academic backgrounds who want a broad management education with deliberate specialisations. The program focuses on providing different foundations, both social and academic. The specialisations centre around 3 important zones: global innovation, consultancy, and entrepreneurship.
Type |
Private |
QS Subject Ranking 2022 |
75 |
Programs Offered |
MIM |
Course Duration |
1 year |
Program Fees |
22,944 USD/ per year (1,778,504 INR) |
ESADE Business School
ESADE is a prestigious international private educational institution based in Barcelona, Spain. It operates two college schools, ESADE Business School and ESADE Law School, and an ESADE Executive Language Centre. By pursuing MIM in the school, you'll be trained to understand your own approaches, attitudes, and viewpoints. Furthermore, the course familiarises you with the complexity of real-world business. It expands your knowledge and gives you the tools to develop new team-building, analytical thinking, and project-management skills.
Type |
Private |
QS Subject Ranking 2022 |
6 |
Program Offered |
MSc in International Management |
Course Duration |
10 Months |
Program Fees |
32,835 USD/ per year (2,545,205 INR) |
EAE Business School
The EAE Business School, founded in 1958, is a private business school with locations in Madrid and Barcelona. The Master in STEM Management is a limited program planned for international students with less than 3 years of experience. The program covers a global outline of the company and how the organisation functions from a strategic viewpoint with the objective of evolving critical thinking. Moreover, the MIM prepares students to supervise the integration of all the areas of business activity to execute the most appropriate policies and strategies to accomplish the company’s goals.
Type |
Private |
QS Subject Ranking 2022 |
111-120 |
Program Offered |
MIM STEM |
Course Duration |
2 year |
Program Fees |
20,647 USD/per year (1,600,452 INR) |
GBSB Business School
GBSB Global Business School is an internationally certified business school in Spain and Malta that offers English-language business education to students from all over the world and prepares future graduates for global careers. A Master in Management degree at GBSB Global Business School will help students advance a widespread business insight to meet the demands of business today and be among the most competitive in their career fields. From finance and digital marketing to entrepreneurship and blockchain, students can choose to specialise in a niche attentiveness they are obsessive about.
Types |
Private School |
QS Subject Ranking 2022 |
151 |
Program Offered |
Master in Management |
Course Duration |
9 - 12 months |
Program Fees |
20,647 USD/ per year (1,600,452 INR) |
Best MIM Colleges Without GMAT for International Students
MIM Specialisation in Spain
Universities offering MIM courses help students understand the global management scenario. Its unified concepts, implemented measurable methods, and other concepts help students to prepare themselves while learning different subjects. While the later stage focuses on various specialisations from which students can choose based on their preferences. MIM specialties include:
- Marketing
- Analytics
- Economics
- Accounting
- Finance
Difference Between MIM and MBA
Eligibility Criteria and Requirements to Study MIM in Spain
Every student who is seeking admission for MIM in Spain needs to know the eligibility criteria and other admission processes. The following eligibility criteria required for MIM in Spain are:
- Academic Transcripts
- English Language Proficiency Test Scores
- Work Experience
- Standardised Tests
- Passport and Visa
- Additional Requirements
Let’s discuss it in detail:
Academic Transcripts
Most MIM in Spain programs require applicants to have a bachelor's degree in any discipline. As a result, candidates with a social sciences or arts background can similarly pertain to a MIM degree.
English Language Proficiency Test Scores
Good English language proficiency test scores are necessary to get admission to MIM in Spain. Check with your business school to see if they accept IELTS, GMAT, TOEFL, or PTE as English Language Capability Test scores.
Work experience
International students with less than 2 years of work experience can attend MIM programs. Furthermore, unlike the MBA, a competitor seeking admission to the MIM program does not need a long list of accomplishments.
Standardised Tests
To be admitted to elite B-schools in Spain, one must pass the following tests. While most business schools in Spain require a GMAT score to apply for the MIM program, certain notable foundations also accept GRE scores. It's good to double-check whether the College you're applying to requires a GMAT or GRE score.
Passport and Visa
All international students studying in Spain must have a valid passport and student visa for Spain. Remember to apply for your visa at least three months before you want to go.
Documents Required for MIM in Spain
To apply for the MIM in Spain, students need to be ready with all the documents required during the admission process:
- Medical certificate
- Police Clearance Certificate
- Admission Letter
- SOP
- LOR
- Proof of accommodation
- Travel medical insurance
- Proof of Funds
Admission Process for MIM in Spain
To seek admission for MIM in Spain you need to follow a certain admission process as per the university guidelines. Mentioned below are steps to follow the admission process:
- Decide which college you’ll attend to apply for the MIM programs in Spain.
- Go to the official college’s website and obtain all qualification and affirmation cycle information. Check to see if the college recognizes your bachelor's degree qualification.
- Upload copies of the several required documents (Mark sheet, CVs, IELTS/TOEFL, GMAT/GRE scorecards) reviewed.
- After completing and presenting your web-based application format, you will be required to complete a University Interview.
- You will receive an acceptance letter if you clear the interview. The letter confirms your selection, following which you can reserve a place at the desired college.
- Pay the MIM course fee in the selected business school in Spain.
MIS vs MEM vs MIM vs MBA - Which is Best?
Cost of Studying MIM in Spain
The overall cost of studying MIM in Spain completely depends on the University, living, and other expenses students spend.
Tuition Fees in Spain
Universities |
Cost (in USD) |
Cost (in INR) |
Private Universities |
20,789 |
16,13,598 per year |
Business Schools |
25,987 |
20,16,997 per year |
Cost of Living in Spain
Accommodation |
Cost (in USD) |
Cost (in INR) |
In other cities |
935 |
72,611 per month |
Madrid/Barcelona |
1,455 |
1,12,951 per month |
Other General Costs for MIM in Spain
Basic Utilities |
119 USD |
INR 9,278 per month |
Internet |
31 USD |
INR 2,420per month |
Food Cost |
415 USD |
INR 32,271 per month |
Transportation Cost
Regular Trip |
1.55 USD |
INR 121 |
Monthly Pass |
43 USD |
INR 3,388 |
AVE Speed Rail |
77 USD |
INR 6,050 |
Scholarships for MIM in Spain
Students pursuing MIM in Spain can also look for scholarships that will cover study costs and other expenses. There are both private and public scholarships offered for students.
Scholarships |
Grant |
CIEE Scholarships and Grants |
Around 2500 USD/ (194618 INR) |
ESADE MiM Scholarships for Excellence |
The amount varies as per the academic excellence. |
Office of Financial Aid by IE Business School |
50% of the total tuition costs |
UIC Barcelona Scholarship |
20% waiver on the academic fees |
Job Prospects After Studying MIM in Spain
There is a good job opportunity for students after completing MIM in Spain. There are top companies looking for new aspirants who carry a good knowledge about management and other prospects for the job. The average salary after MIM in Spain is around 34,690 USD/(2,70,000 INR) annually.
Job Prospects |
Package (Per Annum) |
HR Manager |
USD 51,844/(INR 41 lacs) |
PR Manager |
USD 34,146/(INR 27 lacs) |
Development Manager |
USD 53,468/(INR 42 lacs) |
Sales Manager |
USD 48,959/(INR 38 lacs) |
Marketing Manager |
USD 40,000/(INR 32 lacs) |
Project Manager |
USD 41,963/(INR 33 lacs) |
Best Jobs after MIM for International Students
MIM in Spain offers a promising career for students. Pursuing the course from the right university is important and can help in shaping up a career. It is vital to have complete information about the university, career aspect after completing MIM course and other essentials. To know more about MIM programs and other related details connect with our Yocket Professional and clear your doubts hassle free.