All Answers
MiM Student at Kellogg School of Management
The tuition fee for the International MBA program is €82,300. Additionally, there's a one-time contribution of €1,200 to the IE Foundation during enrollment.
Living expenses in Madrid can vary, but on average, students might spend around €1,500 per month on accommodation, food, transportation, and other personal costs. For the 11-month program, this totals approximately €16,500.
So, combining tuition, the IE Foundation contribution, and estimated living expenses, you're looking at a total of about €100,000 for the entire program. Keep in mind, these figures are estimates, and actual expenses may vary based on your lifestyle and choices.
Want to know how much expenses you will have to incur during your MBA in Spain? Read this BLOG now to find out
Education Expert
So, the tuition fee for the International MBA at IE is €82,300. On top of that, there’s a one-time IE Foundation fee of €1,200 that all students have to pay when they join.
Now, if you include living expenses in Madrid, it can come to around €1,500 per month. For the 11-month program, that’s about €16,500 for accommodation, food, transport, and other basic needs.
| Fee Component | Amount (EUR) |
| Tuition Fee | €82,300 |
| Application Fee | €150 |
| IE Foundation Contribution | €1,200 |
| Estimated Living Expenses | €20,000–€25,000 |
So when you add everything—tuition, foundation fee, and living costs—you’re looking at a total of roughly €100,000 for the whole MBA. This is just an estimate, and the actual amount may be a little more or less depending on your lifestyle.