MiM TUITION FEES

• The initial application fee is €40. This is payable through Embark during the online application process.

• To hold your position once you have been accepted onto the MiM program, you must pay a non-refundable commitment fee of €5,000.

• To confirm your intention to join the program you must pay a non-refundable reservation fee of €3,000.

• Both fees are deductible from the total program cost and must be paid before 3 weeks after you receive your acceptance letter.

CALENDAR OF PAYMENTS

The deadlines for the program intake are as follows:

PaymentsAmountDue Date
Commitment Fee€5,000see deadlines for more details
1st Tuition Installment€3,000see deadlines for more details
2nd Tuition Installment€32,500September 2022
Total Tuition Fee€40,500

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.

CategoryMin (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.