✅ Total Program Fees: IE MBA costs €82,300 plus €1,200 for mandatory contribution, paid in 7 flexible installments.
✅ Other Academic Costs: Expect €2,000–€3,000 extra for visa, health insurance, and course-related materials.
✅ Living Expenses: Living in Madrid costs €1,000–€1,500/month, adding up to nearly €18,000 per year.
✅ Scholarships Offered: IE grants 10–40% tuition aid for top candidates, with dedicated funds for women and entrepreneurs.
The IE Business School MBA fees for the 2025–26 intake total €82,300, plus a €1,200 foundation contribution. Students also face annual living expenses in Madrid ranging from €9,720 to €19,980. With scholarships covering up to 40% and flexible installment plans, IE ensures diverse candidates can access its top-ranked MBA. This guide details tuition, living costs, scholarships, ROI, and work opportunities, giving you a complete picture of financial planning for your IE MBA journey.
How Much Are the MBA Fees at IE Business School (2025–26)?
For the 2025–26 intake, IE Business School MBA fees are €82,300, plus a €1,200 one-time IE Foundation contribution at enrollment. You can spread this cost into 7 interest-free installments, no credit check required.
This fee grants access to a top-ranked International MBA available in 11, 15, or 19-month formats. Benefits include a modern Madrid campus, global faculty, diverse classmates, and extensive career support. IE also offers merit scholarships, loans, and flexible payment plans to help manage the investment
Living Costs for IE MBA Students in Madrid
Living in Madrid can be expensive, which adds to the total cost of studying abroad. Along with the IE Business School MBA fees, students should also plan for daily expenses like housing, food, transport, and more. This section explains the main living costs you can expect while studying in Madrid.
Expense
Monthly (€)
Annual Range (€)
Accommodation
500–1,200
6,000–14,400
Food
200–300
2,400–3,600
Transport
55–60
660–720
Utilities
120–150
1,440–1,800
Entertainment
15–25
180–300
Total
—
€9,720–€19,980
1. Accommodation
Accommodation costs can be a significant part of living expenses. Madrid offers several housing options for MBA students, such as on-campus housing, off-campus apartments, or shared apartments. The cost of housing varies depending on the type of accommodation and location. However, students can expect to spend between €500 and €1,200 per month on housing apart from IE Business School MBA fees.
2. Food
Madrid is a foodie's paradise, and students can expect to find a wide variety of cuisine. The cost of food in Madrid can range from €10-€20 per meal in a budget restaurant, and a monthly grocery bill can be around €200-€300.
3. Transportation
Madrid has an excellent public transportation system, including buses and a metro network. Students can purchase a monthly public transportation pass for €55-€60, which provides unlimited access to the public transport system.
4. Utilities
Utilities include electricity, water, gas, and internet services. They typically cost €120-€150 per month.
5. Entertainment
Madrid is a vibrant city with many entertainment options. Students can explore the city's museums, art galleries, parks, and other cultural events. The cost of entertainment in Madrid can range from €15-€25 for entry to museums and cultural events.
In conclusion, it is essential to factor in the cost of living in Madrid while considering an IE Business School MBA fees. Though the cost of living may be high, students can manage their expenses by choosing affordable housing options, cooking meals, and exploring free or low-cost entertainment options.
IE Business School MBA fees: Scholarships
IE University offers several scholarships to help students manage their MBA costs. These can cover part or even the full tuition fee, depending on your academic record, achievements, and financial need. Here are some of the main scholarships available:
1. IE Foundation Scholarship
This scholarship helps students who show strong academic and personal achievements but may struggle financially to pay the IE Business School MBA fees.
2. IE Women in Business Scholarship
This is meant for women applying to the MBA program. It supports gender equality and helps future women leaders take the next step in their careers.
3. IE Diversity Scholarship
This scholarship supports students from diverse backgrounds whether ethnic, cultural, or economic to promote an inclusive learning environment.
4. IE Entrepreneurship Scholarship
If you have strong entrepreneurial experience or ideas, this scholarship helps cover your MBA costs so you can grow your business vision.
5. IE Foundation Loan Program
If scholarships aren’t enough, IE also offers loan support to help students fund their MBA without worrying about high upfront costs.
IE Business School MBA fees: ROI
If you’re thinking about the value of your investment, the IE MBA offers a strong return. On average, graduates see a 152% salary increase after completing the program.
IE also has a powerful network of over 60,000 alumni in 160+ countries. This global reach opens doors to top companies in consulting, tech, finance, and more.
The Career Management Center at IE helps students with coaching, job search training, networking events, and access to job offers and internships. All of this adds to the program’s high career value.
So, while the IE MBA fees are a big investment, the strong salary growth, global alumni network, and career support make it a smart long-term decision—especially for students aiming for global business success.
Managing IE MBA Costs with Part-Time Work and Earning
While pursuing an MBA at IE University, students can work part-time and earn extra money to support their IE Business School MBA fees independently. Madrid, the capital city of Spain, offers several job opportunities for students, ranging from internships to part-time jobs in various sectors.
1. Retail Industry
The retail industry offers many part-time job opportunities for IE MBA students so that they can cater their IE MBA fees. Students can find part-time jobs that fit their schedules, from working in supermarkets to high-end fashion stores.
2. Hospitality Industry
Madrid is a popular tourist destination, and the hospitality industry constantly looks for part-time employees. Students can find bartenders, servers, or front desk staff jobs in hotels and restaurants.
3. Language Teaching
As an IE MBA student, one can leverage their language skills and find part-time jobs as a language tutor. There is always a demand for English language tutors, and the pay can be lucrative which can help to support their IE Business School MBA fees.
4. Online Tutoring
With the pandemic, online tutoring has become a popular teaching method, and students can find part-time jobs as online tutors. Subjects can range from math and science to languages and music.
5. Event Staffing
Madrid hosts several events throughout the year, and students can find part-time jobs as event staff. These jobs can range from working as security staff to assisting in event management.
Part-time jobs can be an excellent way for IE MBA students to earn extra income while studying and hence lessen the financial strain caused by IE MBA fees. With the right balance of academics and work, students can reduce the financial burden of student loans and improve their overall financial situation. However, ensuring that work does not hinder academic progress and that students manage their time effectively is essential.
IE MBA Fees & Managing Student Visa Work Limits
The IE Business School MBA fees need to be considered while applying for the MBA program. If not aware of the VISA work hour restrictions, one can fall behind. If you are an Indian student planning to pursue higher education in Spain, it is essential to understand the work-hour restrictions for students with a student visa.
Here are some essential details regarding work-hour restrictions for Indian students holding a student visa in Spain:
Students can work part-time for a maximum of 20 hours per week to support their IE MBA fees.
The Spanish government imposes work-hour restrictions to ensure students balance their work and academic responsibilities.
Violating the work hour restrictions can lead to penalties, and in severe cases, students may risk losing their visas.
Adherence to the work hour restrictions is crucial to avoid penalties or jeopardising your visa status. Part-time work can be a great way to cover living expenses and gain valuable work experience, but it should not come at the cost of your academic performance. Before taking any action and getting ahead with IE Business School MBA fees and the program, it is wise to consult with the university's career services office for associated visa regulations.
The IE MBA program is a significant investment in your future career prospects. The IE Business School MBA fees are high, but the ROI is also substantial. The cost of living in Madrid can be high, but students can find part-time jobs to supplement their income and the IE MBA fees.
In addition, IE Business School offers a range of scholarships to deserving candidates, and Indian students must follow the work-hour restrictions to maintain their student visas. In conclusion, the IE MBA program, offered by one of the best MBA colleges in Spain, is an excellent opportunity for students who aspire to have a successful career in the business world, despite the considerable IE Business School MBA fees.
How much does the IE MBA cost in 2025–26?
For the 2025–26 intake, the IE Business School MBA fees are €82,300, plus a one-time €1,200 IE Foundation contribution. Students can pay in 7 flexible installments without extra interest.
What is the total cost of studying IE MBA including living expenses in Madrid?
Along with tuition, living in Madrid costs about €9,700–€19,900 per year, depending on housing, food, transport, and lifestyle. Most IE MBA students budget €1,000–€1,500 per month in addition to tuition fees.
Is the IE MBA worth the high fees in terms of ROI?
Yes. IE MBA graduates see an average salary increase of over 40% and gain access to a 60,000+ alumni network worldwide. With strong placement rates in consulting, finance, and tech, many students recover the MBA fees within a few years.
What is the average salary after completing the IE MBA?
According to IE’s career data, graduates earn an average salary of around €82,000–€98,000 ($95,000–$110,000) per year. In top industries like consulting and finance, salaries often cross €120,000, making the program a strong ROI despite the fees.
Know Your Author
Abhyank Srinet
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Study Abroad Expert
Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.
Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.
His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.
Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.
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