City guide · Madrid

Master in Management in Madrid.

3 business schools in Madrid, Spain offering a Master in Management, ranked by Financial Times 2025 standing. Each links through to fees, GMAT, salary and deadline detail.

Master in Management programmes at business schools in Madrid, ranked by Financial Times 2025 standing, with each programme's school and tuition.
Rank Program Tuition Profile
1 IESE Business School Madrid · FT #16 · $114k €52,000
2 IE Business School Madrid · FT #27 · $95k €51,200
3 Universidad Carlos III de Madrid Madrid · FT #61 · $68k €9,000 (EU) / €13,500 (non-EU) for the 60-ECTS programme, full-time

Studying a MiM in Madrid means recruiting where the city's employers hire — its consulting, finance and corporate networks sit on the doorstep, and the cohort you graduate into is a local professional network you keep. The trade-off is cost of living, which varies sharply between cities, so weigh tuition and rent when you compare. The 3 schools below all sit in Madrid; to widen the search, see every option across Spain.

MiM in Madrid: common questions

Which business schools offer a Master in Management in Madrid?
We profile 3 business schools in Madrid with a Master in Management: IESE Business School, IE Business School and Universidad Carlos III de Madrid. Each links through to its full fees, GMAT, salary and deadline detail. Madrid sits in Spain, so all 3 also appear on our wider MiM in Spain directory.
What is the best MiM in Madrid?
By Financial Times 2025 standing, the highest-ranked Master in Management in Madrid is IESE Business School (FT #16). "Best" depends on what you want, though — fit, specialisation, cost and career destination matter more than a single rank, so compare each school's profile before you choose.
How much does a MiM in Madrid cost?
Tuition for the Madrid programs we profile ranges from €9,000 (EU) / €13,500 (non-EU) for the 60-ECTS programme, full-time (Universidad Carlos III de Madrid) to €52,000 (IESE Business School). Fees exclude living costs, which can be substantial in Madrid — so compare total cost of attendance, and confirm the current fee on each school's own page.
Can I study a MiM in Madrid in English?
Yes. All 3 programs we profile in Madrid are taught entirely in English, so you can complete the degree in English. A working knowledge of the local language still helps with daily life and local internships — confirm the language of instruction on each program's page.
Do I need the GMAT for a MiM in Madrid?
1 of the 3 programs we profile in Madrid does not require the GMAT or GRE (some are test-optional or waive it under conditions); the rest ask for a test. Policies change each cycle, so confirm on each school's admissions page. Our directory of MiM programs in Europe without the GMAT lists the test-free options.