Madrid is the capital city of Spain and the largest in that country. The city is a popular tourist destination, as it contains many world-class museums, including the Prado Museum, Reina Sofia Museum, and Thyssen-Bornemisza Museum.
However, Madrid is much more than a tourist hub—it’s also home to many highly esteemed business schools.
If you’re looking to give your career a boost by getting an MBA or similar degree from one of these educational institutions while living in this culturally rich city, we’ve got some great news for you.
We have compiled a list of some of the best business schools in Madrid.
Why Study for an MBA in Madrid?
Madrid is a fantastic place to study business, with many schools that offer Master of Business Administration (MBA) programs. It’s in a great location, both in terms of the city itself and its location within Spain.
Madrid has an excellent climate and is also a convenient travel center, making it a great location from which to explore the rest of Europe.
If you’re interested in studying for your MBA in Madrid, read on for our picks for the best business schools in Madrid.
List of Top Business Schools in Madrid
If you’re looking for a top business school in Madrid, there are several strong options.
Here’s our list of some of the best business schools in Madrid, with a few details about each:
IE Business School, Calle de María de Molina
IE Business School (Instituto de Empressa, in Spanish), is an internationally recognized business school in Madrid with a long history and a great reputation.
It was founded in 1973 by a group of entrepreneurs, academics, and professionals.
Nowadays it has over 50,000 alumni from 130 countries located in six academic buildings around the world.
What makes IE Business School one of the best business schools in Madrid is its well-rounded MBA program. It covers all the important aspects of business management such as accounting, finance, marketing, human resources management, and operations management.
The curriculum also focuses on promoting teamwork skills among students through seminars, case studies, and other interactive activities that encourage collaboration between MBA students.
This is what makes IE Business School so special; it takes advantage of being located in Madrid to bring together people from different parts of the world to work towards achieving common goals with innovative approaches and new ideas for solving problems that businesses face today.
However, you must also note that IE Business School is equally the most expensive business school in Madrid on our list.
As a result, it remains one of the prestigious business schools in Madrid. Although if you are looking for cheaper business schools in Madrid, then continue reading, as you will find schools that may suit your interest.
- Cost of an MBA at IE Business School: €51,200.
ESERP School of Business & Social Sciences, C. de Costa Rica
In addition to offering a master’s in International Relations, the ESERP School of Business & Social Sciences also offers Bachelor’s and Master’s programs in Business Administration.
The business school is accredited by the Spanish Ministry of Education, Culture, and Sport to award degrees.
Located in Madrid, Barcelona, and Mallorca, ESERP is a private educational institution that offers post-secondary business and management education.
Founded in 1969, ESERP has more than 45 years’ worth of experience teaching students business fundamentals and providing them with opportunities to apply what they’ve learned through networking events and job fairs.
- Cost of an MBA at ESERP School of Business: €14,100.
Universidad Carlos III de Madrid (UC3M), Calle Madrid
The Charles III University of Madrid (also known as, Universidad Carlos III de Madrid) is a well-known business school in Madrid and Spain, and some of its students have even gone on to become billionaires.
Located in the center of the capital city of Madrid, it’s a top-notch school that offers degrees in accounting, marketing, finance, and management.
The city is also home to other well-known business schools in Madrid such as the Universidad Politécnica de Madrid (UPM), Universidad Pontificia Comillas de Madrid (UPCM), Universidad Europea de Madrid (USE MADRID), Universidad Tecnologica de Madrid (UTEM), Universidad Rey Juan Carlos (URJC), some of which are mentioned here.
In terms of location, note that this school is located very close to Parque Retiro.
A short walk will take you there, which is an attractive park full of famous sculptures and fountains.
The National Museum of Art and Design also has an excellent collection for those who get art enthusiasts out of their systems by visiting them.
The whole street where UC3M is located isn’t ‘business’-oriented at all: it’s full of art galleries from around the world ranging from local artists to famous ones like Damien Hirst.
If you love books as much as we do, head over to Gran Vía bookstore on any given day if you’re a fan enough—or if your tastes lean more towards new releases than classics.
- Cost of an MBA at UC3M: €19,800.
United International Business Schools, Calle de Goya
United International Business Schools (UIBS), is a top business school in Madrid, Spain.
It offers Bachelor’s and Master’s degree programs in Business Administration with an emphasis on international business.
With small class sizes and a student-instructor ratio of 20:1, UIBS ensures that its students receive individualized attention from the faculty.
The school has approximately 150 students, which gives it a cozy environment where everyone is known by name.
While classes are held Monday through Friday from 8 am to 3 pm, students are free to use the campus facilities after hours.
It’s not only what you learn at United International Business Schools that makes it one of the best business schools in Madrid—but it’s also the people who teach you along the way.
- Cost of an MBA at UIBS: €32,000.
ESCP Business School – Madrid Campus, C. de Arroyofresno
If you’re looking to pursue your MBA in Madrid, ESCP Business School is one of the oldest business schools in Madrid that gives you a great experience. It offers both a full-time and part-time MBA program.
The full-time program takes place over 12 months, while the part-time program spans 24 months.
Both programs are taught in English and include intensive courses about negotiations, leadership, analytics, and more. What’s more, ESCP also has campuses in Berlin, Paris, and London so you can continue your studies at any of these locations.
ESCP Business School Madrid is accredited by EQUIS, AMBA, and AACSB.
- Cost of an MBA at ESCP Business School: €20,635.
European Business School, Ave de Alfonso XIII
The European Business School (“Escuela Europea de Negocios” in Spanish) is a private, non-profit institution located in Madrid, Spain.
Founded in 1973, the school is accredited by the Spanish Ministry of Education and is also a member of the Association of MBAs.
It was also one of the first business schools in Madrid to teach business studies in Spain and has since grown into a leader within the field.
The school offers an array of business degrees and programs for both undergraduate and graduate students including MBA courses and doctoral programs.
The diverse offerings at EEN are taught through an international learning environment that aids students with their academic pursuits as well as post-graduation professional development.
- Cost of an MBA at EBS: €7,750.
ICADE Business School, C. del Rey Francisco
ICADE is part of the Universidad Pontificia Comillas and is located in the heart of Madrid.
This is a business school in Madrid that offers several international programs taught entirely in English, including an MBA, an Executive MBA, and, degrees in Finance, Innovation and Technology Management, and Luxury Business. In addition to business administration degrees, it also offers a Master’s degree in International Relations.
The campus has excellent facilities for students with multiple libraries, study spaces, and computer labs—perfect for long days at school or studying for exams!
The school runs over 100 different exchange agreements with universities all over Europe (and beyond).
So, if you want to spend some time abroad during your studies, ICADE can help make that happen.
- Cost of an MBA at ICADE Business School: €23,520.
EAE Business School, C. de Joaquin Costa
EAE Business School is, without a doubt, one of the leaders in business education in Spain.
This business school in Madrid has been educating Spanish professionals for 60 years and was the first Spanish business school to obtain triple accreditation (EQUIS, AACSB, and AMBA).
Its prestige has made it one of the most international business schools in Spain.
EAE Business School offers a wide range of international partnerships with top-ranked universities around the world.
In addition to this, it holds more than 100 annual agreements with companies that provide students with real working experience through internships.
This mix of academic and professional training provides a comprehensive education that allows both domestic and foreign students to find employment after graduation.
- Cost of an MBA at EAE Business School: €9,500 and above.
Geneva Business School – Madrid Campus, C. del Conde de Peñalver
Geneva Business School, Madrid Campus is a unique school that offers a wide range of programs to its students.
Not only will you be able to study in the heart of Madrid, but you’ll also be able to experience one of the most diverse student bodies in the world.
Geneva Business School has over 100 nationalities represented among its students and faculty members.
As such, there is truly no better place to experience an international business culture than by studying at this campus.
The school itself was founded in 1996 and has more than 20 years of academic history behind it.
It has gone on to become one of the best business schools in Madrid, with campuses all over Europe as well as North America.
The central focus is always on international programs that provide a global perspective for those who go through them here – whether they’re from Spain originally, or not.
- Cost of an MBA at Geneva Business School: €12,390 (excluding administration and application fees).
Madrid Open University (Universidad a Distancia de Madrid), Collado Villalba
Universidad a Distancia de Madrid (UDIMA) is a university located in Madrid, Spain. UDIMA was established in 1992 and is accredited by the Spanish Ministry of Education and Science.
As its name suggests, it offers both on-campus and distance education programs (these programs include undergraduate degrees as well as graduate degrees). Many of its degree programs are offered entirely in English.
If you’re interested in business, chances are good that UDIMA has a program for you: the school offers undergraduate and master’s degrees in business administration (along with professional diplomas) with various specializations available.
You will be making a good choice with this business school in Madrid.
- Cost of an MBA at UDIMA: Not specified.
CEU Business School – Madrid Campus, C. del Tutor
Founded in 1993, the Central European University (CEU) has more than 17,000 students and an 8:1 student-to-faculty ratio.
The school calls itself a “university of citizens” because it encourages students to think beyond their interests by volunteering and participating in social efforts.
For example, faculty members created the Bizi Project in 2000 to help Russian-speaking teenagers learn Spanish while getting academic support and tutoring.
The project developed into a non-profit organization that offers social care to children and teens with disabilities or learning challenges.
CEU also has a 9:1 student to staff ratio and an average class size of 18. The student body totals just over 3,000 people.
- Cost of an MBA at CEU Business School: €28,200.
EOI Business School, Av. de Gregorio del Amo
To begin, you should be aware that EOI is a decent business school in Madrid. But what you may know is that:
- You should be aware that EOI is one of the private business schools in Madrid.
- It is the first business school in Madrid to be accredited by the Spanish Quality Assurance Agency for Higher Education
The programs at EOI Business School are designed to provide students with a top-quality education that will prepare them to excel in the workforce.
They offer full-time and part-time MBA programs, as well as specialized Master’s degrees such as Master of Finance or Master of Marketing.
- Cost of an MBA at EOI Business School: €17,160.
ESDEN Business School, C. de Ponzano
ESDEN Business School is a good choice for students interested in business and entrepreneurship.
It has numerous degree options, including an undergraduate degree, a Master’s in Business Administration, and an online MBA.
The international university also offers degrees in Law, Finance, and Management.
Located near the center of Madrid, ESDEN Business School in Madrid is known for its supportive culture.
Students are given access to professional advisors who can help them find jobs after graduation or hone their resume-writing skills.
The school also hosts events throughout the year to connect students with local businesses.
- Cost of an MBA at ESDEN Business School: €16,980.
Wrapping It Up
We’ve ranked the best business schools in Madrid, which you can use as a jumping-off point to find the right fit for your educational needs.
The top business schools in Madrid are great places to earn an MBA or other Master’s degree. You can also earn a business degree in Madrid, including Bachelor’s and Associate’s degrees.
If you are interested in moving to Spain to further your education, Madrid is a great place to be.
Many business schools have internship opportunities for students. You can work with companies such as IBM, Google, and Microsoft while you study for your MBA or other degrees.
These internships provide valuable experience that will help you get a job when you graduate from university.
The ranking methodology used included an evaluation of course offerings, as well as an overview of each school’s reputation for prestige, excellence, and innovation.
You can read more about each business school in the list above by clicking on their names. Each institution has its unique strengths—and most offer many different kinds of specializations within their programs—so be sure to explore all that each of the business schools in Madrid has to offer before making your decision.