What is the total cost of studying MiM at IE Business School, including living expenses?

Question

S Raghav · Accepted Answer

The total cost of studying MiM at IE Business School comes to around &euro;60,000&ndash;&euro;65,000, including tuition and living expenses. The tuition fee for IE MiM is &euro;47,300, as per the official website, and students typically spend another &euro;1,200&ndash;&euro;1,500 per month on living costs in Madrid&mdash;covering rent, food, and transport.
Madrid is fairly affordable compared to other European capitals, but housing near the campus can raise costs. Sharing apartments or living slightly outside central Madrid can bring monthly expenses closer to &euro;1,000.
Adding visa, insurance, and materials, the total annual expense lands around &euro;60,000

Ishaan M · Answer

Studying MiM at IE Business School costs roughly &euro;60,000 in total when both tuition and living expenses are considered.
&bull; The tuition fee listed on IE&rsquo;s official site is &euro;47,300. &bull; Average living expenses in Madrid are around &euro;1,200&ndash;&euro;1,500 per month. &bull; Over 10&ndash;12 months, that&rsquo;s about &euro;12,000&ndash;&euro;15,000 in living costs. &bull; Visa, health insurance, and materials add around &euro;2,000. &bull; Many students bring this total down through IE scholarships or part-time work during studies.
So, an Indian student can expect to spend around ₹55&ndash;58 lakhs overall. It&rsquo;s still one of the more cost-efficient options among Europe&rsquo;s top MiM programs, given IE&rsquo;s strong placements and international network.

Supriya J · Answer

The total cost of studying the MiM at IE Business School is roughly &euro;60,000&ndash;&euro;65,000, including tuition and living expenses. The tuition fee is &euro;47,300, while monthly living costs in Madrid average &euro;1,200&ndash;&euro;1,500, depending on lifestyle and housing choices.
Madrid is generally more affordable than cities like Paris or London, but accommodation near IE&rsquo;s campus can be pricey. Many students save money by sharing apartments or living a bit farther from the city center. Budgeting wisely and applying early for housing or scholarships can help manage overall expenses comfortably.

Mohit C · Answer

The full cost of IE&rsquo;s MiM usually falls between &euro;60,000 and &euro;65,000 for the entire program.
&bull; Tuition fees are &euro;47,300, as stated officially. &bull; Living expenses in Madrid average &euro;1,200&ndash;&euro;1,500 per month. &bull; This includes rent, food, utilities, and local transport. &bull; Costs can drop if you share housing or live outside central Madrid. &bull; Compared to other European capitals, Madrid offers good value for quality of life. &bull; Students who plan their finances early often combine IE scholarships with part-time work to cover extra expenses.
For more details you can read this blog on "IE MIM Fees"