MBA in Spain

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MBA in Spain

Spain’s easygoing and laid-back atmosphere attracts thousands of international students each year. The pleasant weather, sandy beaches, and warmth of the summer sun in the off-season one some of the reasons students flock to this destination. The country is also popular for its comparatively low tuition costs, excellent work opportunities, and top universities known for their high-quality business programs. If you want to diversify your CV and work in Spain or for a multinational corporation then an MBA in Spain can be your gateway!

Must Read: Top Universities in Spain

5 Reasons to Study MBA in Spain

  1. Each year, Spain welcomes more than 50,000 international students, with Madrid and Barcelona being the most popular student cities.
  2. Spain’s business schools enjoy a well-deserved international reputation. Spain has more business schools in the European top 10 than any other country, according to the Financial Times. Spain has a lot more to offer than only some of the greatest business schools with dozens of English-taught programmes.
  3. Postgraduate business degrees in Spanish are aimed for students who have just completed business training or who have worked in the business world for some time and are searching for opportunities to develop their careers. 
  4. There are two semesters throughout the academic year. The first takes place from October to February, while the second takes place from February to June. Each university’s schedule will be different, but most will follow this basic pattern. 
  5. Spain has a public university system that permits international students to pay the same low tuition as local Spain Students.

Why Study MBA in Spain?

  • Several scholarships are offered to international students: Many business schools in Spain are eager to recruit qualified applicants, and as a result, many of them provide scholarships and loans to international students. You will find a variety of scholarships available for various business administration programmes whether you are an undergraduate or graduate student.
  • Large number of English-taught MBAs: The majority of Spanish business institutions offer MBA programmes that are entirely taught in English. Even if you applied to an English-taught business degree, you’ll inevitably end up learning Spanish if you’re studying how to be the best manager or how to effectively start your own business. Adding Spanish to your skill set is by no means a disadvantage, as it can lead to a variety of job prospects. Employers throughout the world regard language skills as an extremely valuable advantage for any type of job you’re looking for.
  • Engage in unique internship opportunities: Spanish business administration programmes are of high academic quality and always include at least one professional skills module in which students can improve their basic management skills.
  • Internship Opportunities: Students can participate in internships as well as benefit from a business-oriented and practical approach, as all Spanish business schools have close ties with major multinational corporations. After graduation, some students may be able to secure a permanent career; however, the majority of job opportunities are available in Spain.
  • Choose from a large number of MBA specializations: Spanish business schools, particularly for MBAs, provide a diverse range of specializations. In terms of solid management, entrepreneurship, and administration, you can basically specialize in any sector you want. Furthermore, Spanish business schools provide business administration programmes that allow students to deal with genuine case studies in order to gain a better understanding of the professional standards and requirements of the subject they are studying.

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Top 7 MBA Colleges in Spain

  • IESE Business School – Universidad de Navarra, Barcelona, Spain
  • ESADE Business School, Barcelona, Spain
  • IE Business School ,Madrid, Spain
  • EADA Business School Barcelona – Escuela de Alta Dirección y Administración, Barcelona, Spain
  • Universidad Carlos III de Madrid (UC3M), Madrid, Spain 
  • ESCP Europe, Madrid, Spain
  • ESIC Business & Marketing School, Pozuelo de Alarcón (Madrid), Spain

Application Process for MBA in Spain

  • The majority of business schools in Spain provide the option of applying online. You can obtain an application form straight from their separate websites.
  • Complete the application form with all required information and submit it before the application process’s deadline.
  • The institution will schedule interviews for selected applicants after receiving the application and supporting papers.

Eligibility 

  • Students interested in pursuing an MBA at one of Spain’s universities must possess a relevant bachelor’s or equivalent degree qualification.
  • Students must have three years of work experience to be accepted into MBA programmes at Spanish business schools.
  • GMAT scores are used by the majority of business schools in Spain to admit students to MBA programmes.
  • For admission to an MBA programme in Spain, candidates must present TOEFL or IELTS results as confirmation of English competence.

Documents Required

  • Please include all aspects of your education, including course subjects and grades. Original transcripts or certified records of previous academic qualifications should be included in the documents.
  • If the original transcripts aren’t in English, you’ll need to submit an attested English translation with your application.
  • An application form that is completely filled out.
  • An updated CV that includes facts on your professional job history, such as past roles, accomplishments, and scope of work.
  • Your referees must also provide 3 application essays and 2 complete letters of recommendation, which must be sealed, signed, and sent directly to you.
  • A valid passport is required.

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Spain Student Visa

The average processing period for a student visa is 15 to 30 days. However, there is no set time for visa processing; it could take as little as 15 days or as long as three months in rare circumstances. It is recommended that you begin the visa application procedure as soon as you receive the university’s acceptance letter. A Type D visa is required for anyone planning to study in Spain.

Application Process for Student Visa

  • The first step is to get accepted into a recognised Spanish educational institution and receive a letter of acceptance.
  • Select a long-term or short-term visa based on the length of the course.
  • Download the long-term or short-term visa application form and fill it out entirely, depending on the type of visa. Please double-check that the form is free of errors.
  • Complete the form, attach a valid passport, passport-size colour pictures, and any other documents required for verification, and schedule an appointment at the embassy or consulate listed below.
  • After paying the visa fee, the embassy will process the visa application and notify the results within 15-20 days.

Documents Required

  • A valid Indian passport that is valid for the duration of the stay in Spain, i.e., the passport must be valid during the course.
  • To check the applicant’s travel history, a copy of all passport pages is required.
  • Acceptance letter from a recognised Spanish educational institution.
  • Finanical Evidence demonstrating the visa applicant’s ability to cover the cost of living during his or her stay in Spain. Evidence can include a bank statement, proof of income, or proof of living expenditure coverage under the bank loan.
  • Official documents pertaining to any scholarships awarded to the student for the purpose of studying the course.
  • For long-term visa applications, medical certificates and no criminal background certificates are required.
  • No flash or blur in a recent passport-size color photograph.
  • Proof of having a Health Insurance

Cost of Studying in Spain

Business school tuition fees differ from one institute to the next. The following are the tuition prices for some of Spain’s most prestigious universities.

Institute Tuition Fees
ESADE Business School INR 48,21,060
IE Business School INR 44,65,824
IESE Business School INR 53,31,500
EADA Business School INR 16,49,310
EOI Business School INR 16,02,791

Cost of Living in Spain

International students studying abroad should always keep a close eye on their finances to avoid overpaying. They should endeavor to cut as many costs as they can. In general, the cost of living in Spain ranges between 6000 to 12,000 euros (INR 5,07,750 to INR 10,15,510).

The cost of studying in Spain varies depending on the city. Living costs in Barcelona and Madrid might be approximately 1300 EUR per month (INR 1,10,000), whereas living costs in other Spanish towns can be around 850 EUR per month (INR 71,931).

Scholarships

International students pursuing master’s and postgraduate degrees in Spain are eligible for numerous scholarships. The Spanish government enthusiastically promotes students pursuing PhD studies. These scholarships help to bring down the overall cost of studying in Spain. Depending on their geography, merits, and annual alumni, international students receive a variety of scholarships. The Spanish government, Spanish studies organizations, and AIFA all grant scholarships (stands for American Institute for foreign study). These scholarships would make the cost of living in Spain much more inexpensive and cost-effective for Indian students as well as other international students. Some of the Scholarships are listed below :

  • The American Institute for Foreign Study
  • Erasmus Mundus Scholarship
  • Spanish Government Scholarships for International Students

Must Read: Top Scholarships For Indian Students to Study Abroad

FAQs

What are the average salaries of a graduate from the above-mentioned MBA schools?

Average annual salaries from MBA schools in Spain are given below (INR)
ESADE Business School : 1,10,70,400
IE Business School : 74,80,000
IESE Business School : 80,78,400
EADA Business School : 31,51,080

Is Health Insurance a necessity?

Every overseas student is required to get health insurance while pursuing any degree. Before coming to Spain, non-EU students must provide insurance that has been approved by the Spanish government. Medical insurance in Spain varies based on your place of origin, however, it is required to have a valid health insurance policy that has been approved by the Spanish government before beginning your studies at a Spanish university.

Is a Masters in Spain worth it?

Spain is one of the most visited European nations and a popular study destination for many foreign students interested in learning more about the country’s fascinating culture and way of life. Universities in Spain are the kind of places where you may have a fantastic vacation while also studying for a Bachelor’s or Master’s degree.

Want to study abroad in 2022? Then call our Leverage Edu experts on 1800 572 000 and get started on your study abroad journey!

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