MiM TUITION FEES
- The initial application fee is 40 euros. This is payable through Embark during the online application process.
- If you are admitted to the MiM program, you will be required to pay a non-refundable commitment fee of 8,000 Euros to hold your seat
- This fee will be deducted from the total program cost and must be paid within 10 days after you receive your admissions letter.
CALENDAR OF PAYMENTS
The deadlines for the program intake are as follows:
| Payments | Amount | Due Date |
|---|---|---|
| Commitment Fee | €8,000 | Deadline indicated in admissions letter |
| 1st Tuition Installment | €36,550 | September 2023 |
| Total Tuition Fee | €44,550 |
*Tuition Fee applicable for Sept 23 intake (Class of 2024)
You can find information about IESE loans and scholarships, support and answers to your questions at the Financial Aid Office.
ESTIMATED LIVING EXPENSES
The estimated costs of living in Madrid are detailed below. Please note that these are estimates based on current students’ input.
| Category | Min (per month) | Max (per month) | Average (per month) |
|---|---|---|---|
| Housing & Utilities | €450 | €1.170 | €755 |
| Telephone & Internet | €15 | €25 | €20 |
| Food | €50 | €535 | €410 |
| Transportation | €20 | €215 | €95 |
| Entertainment & Other Expenses | €40 | €590 | €310 |
| Total | €575 | €2.535 | €1.590 |
*These estimates do not include the living costs for the 1 week international module in New York.