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Madrid – Business, Economics & Social Sciences
$6+ Million in Scholarships & Aid
Academics
Our mission is simple: to provide you with the best study abroad program possible—which includes the highest quality academic and cultural experiences.
We offer unique courses that explore Business, Economics, and Social Sciences, as well as other topics, through an in-depth and hands-on approach. World-class professors and course options at the prestigious, AACSB-accredited Universidad Carlos III Madrid (UC3M) enhance your academic experience and provide you with new perspectives in each day in class.
Create your own academic experience by selecting from the following program components. You must take 15-18 credits per semester. All program-specific courses are taught in English except for the language courses. Academic programming is scheduled five days a week.
- IES Abroad Spanish language course (required, 4 credits)
- IES Abroad English-taught area studies courses (optional, 3 or 4 credits each)
- IES Abroad Spanish-taught area studies courses (optional, 3 credits each)*
- Universidad Carlos III English-taught Business, Economics, and Humanities courses (optional, credits vary)
- Internship placement and seminar (optional, 3 credits)
Courses
These courses are taught at the IES Abroad center by local faculty.
To learn more about IES Abroad’s innovative theoretical and pedagogical approaches to teaching language abroad, refer to the IES Abroad MAP for Language & Intercultural Communication.
| Course Name | Term | Language | Credits |
|---|---|---|---|
| AH 249 - Spanish Art and Architecture | Fall, Spring | English | 4 |
| RL/AH 350 - The Iberian Peninsula: Cultures and Religions Through the Arts | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| CS 399 - Advanced Usage of Spreadsheets | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| DT 332 - Applied Data Science | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| EC 342 - European Regional Economics | English | 3 | |
| IB/EC 441 - Spain’s Economic Development and the EU | English | 3 | |
| MT/EC 399 - Game Theory | English | 3 | |
| PO/EC 210 - Introduction to the European Union | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| EN 399 - Mechanics of Materials | English | 4 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| SO/ES 360 - Designing the Sustainable City | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| HS 250 - Spain and the Americas | Fall, Spring | English | 3 |
| SO/HS 333 - Discrimination and Persecution in Spain and the West Anti-Semitism and Other Forms of Religious and Racial Prejudice | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| IB 343 - Business Ethics in an Intercultural Framework | Fall | English | 3 |
| IB/EC 441 - Spain’s Economic Development and the EU | English | 3 | |
| ST/IB 350 - Econometrics for Business | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| IN 395 - Internship Seminar: Leading Across Cultures | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| PO/IR 350 - International Security and Geopolitics: A Spanish and European Perspective | Fall, Spring | English | 3 |
| SO/PO/IR 347 - The Wall: Borders, Violence and Separation in the Contemporary World | Fall | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| LT 388 - Cultural Myths and Spanish Literature | Fall, Spring | Spanish | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| PS/MG 322 - Organizational Behavior: Psychological Approaches in a European Perspective | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| MT 330 - Linear Algebra | Spring | English | 4 |
| MT 399 - Discrete Mathematics | English | 4 | |
| MT/EC 399 - Game Theory | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| PO/EC 210 - Introduction to the European Union | English | 3 | |
| PO/IR 350 - International Security and Geopolitics: A Spanish and European Perspective | Fall, Spring | English | 3 |
| SO/PO/IR 347 - The Wall: Borders, Violence and Separation in the Contemporary World | Fall | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| PS 343 - Psychology, Health & Well-Being: Moving Beyond Just Treating Mental Disorders | Fall, Spring | English | 3 |
| PS/MG 322 - Organizational Behavior: Psychological Approaches in a European Perspective | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| RL/AH 350 - The Iberian Peninsula: Cultures and Religions Through the Arts | Fall, Spring | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| SO/ES 360 - Designing the Sustainable City | English | 3 | |
| SO/HS 333 - Discrimination and Persecution in Spain and the West Anti-Semitism and Other Forms of Religious and Racial Prejudice | English | 3 | |
| SO/PO/IR 347 - The Wall: Borders, Violence and Separation in the Contemporary World | Fall | English | 3 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| SP 101 - Spanish Language in Context: Novice Abroad I | Fall, Spring | Spanish | 4 |
| SP 201 - Spanish Language in Context: Novice Abroad III | Fall, Spring | Spanish | 4 |
| SP 301 - Spanish Language in Context: Emerging Independent Abroad I | Fall, Spring | Spanish | 4 |
| SP 303 - Spanish Language in Context: Emerging Independent Abroad III | Fall, Spring | Spanish | 4 |
| SP 333 - Spanish for Science and Engineering | Fall, Spring | Spanish | 4 |
| SP 351 - Spanish Language in Context: Independent Abroad I | Fall, Spring | Spanish | 4 |
| SP 352 - Spanish Language in Context: Independent Abroad II | Fall, Spring | Spanish | 4 |
| SP 402 - Spanish Language in Context: Emerging Competent Abroad II | Fall, Spring | Spanish | 4 |
| Course Name | Term | Language | Credits |
|---|---|---|---|
| ST/IB 350 - Econometrics for Business | Fall, Spring | English | 3 |
Partner Institution(s)
Enrolling in courses at a local university is a great way to meet Spanish students and improve your language skills. You are strongly encouraged to enroll in at least one local course. Course offerings vary each semester.
Universidad Carlos III de Madrid
A relatively new institution, the Universidad Carlos III de Madrid (UC3M) has already established leading programs in the areas of Economics, Business Administration, and Law, while its efforts in Engineering and Research are gaining international recognition. Faculty and students come from around the world to join UC3M in its role as a truly global institution.
Courses are available in the following disciplines and most are taught in English. Spanish is an option for some, depending on language level.
Location & Commute Time
Business and Economics courses are offered at the Getafe campus of UC3M, which is located approximately 45-60 minutes outside of the city center of Madrid by train. UC3M also offers a free bus service between their campuses.
Internships
Did you know that, while in Madrid, you can intern as part of your study abroad experience? With a part-time internship, you’ll gain global work experience that will increase your job readiness and give you an advantage after graduation. With an internship, you will:
- Take an important step in your career development by navigating the professional world with our support.
- Learn more about yourself both personally and professionally and build confidence in the process.
- Experience what working in Madrid is really like and gain an authentic understanding of the workplace culture while developing real, applicable job skills that will bolster your career readiness.
- Begin building an international network by making connections with coworkers and peers.
All of our internships are supervised and earn IES Abroad credit. You participate in a 3-credit seminar to complement the practical experience you gain during the internship for a greater understanding of work life in your host country.
Personalized Job Placements
Once you indicate your interest in an internship, we work with you to find the ideal placement that satisfies your interests and goals. We’ve placed students with a wide variety of organizations and businesses. If we don’t currently offer placements in your field of interest, we will look for one that’s right for you.
Field Trips & Events
Even though your adventure starts in Madrid, our field trips take you outside the city to discover the culture and traditions of your host country and beyond. All of these trips are included in your program cost.
Alarcón-Valencia
2 days | Fall
Visit Spain's third-largest city, Valencia, rich with delicious cuisine, excellent weather, and countless cultural outlets, including the Ciutat de les Arts i les Ciències (the City of Arts & Sciences), one of Europe's most unique cultural and scientific complexes. Includes a stop in the beautiful town of Alarcon for a delicious breakfast at its 8th-century Moorish Castle.
Alcalá De Henares
1 day | Fall
The birthplace of the illustrious Don Quixote author Miguel de Cervantes, Alcalá de Henares is home to one of the most prestigious universities in Spain. It has been declared a UNESCO World Heritage Site for its monuments, historic churches, convents, and university buildings.
Aranjuez
1 day | Spring
The palace of this city close to Madrid was the place chosen by the kings of Spain to spend the spring months due to the good weather and the vast and stunning gardens. Aranjuez was declared a World Heritage Site by UNESCO in 2001.
Ávila
1 day | Spring
Ávila has the most emblematic and spectacular city walls in Spain, built during the Medieval ages, they surround the old town that is full of monasteries, palaces and churches.
Córdoba-Almagro
2 days | Spring
A UNESCO World Heritage Site, Córdoba is a living legacy of different cultures that settled here throughout its history. The most important symbol of the city is the Mosque-Cathedral; it is one of the most beautiful examples of Muslim art in Spain. A visit to the Medina Azahara, the city of the Caliphs, is included. We will stop in the picturesque town of Almagro (declared a Historic-Artistic Site) to eat at the Parador.
El Escorial
1 day | Fall
Visit this royal site that was once the residence of the King of Spain, as well as a monastery for the Roman Catholic Church. The palace is also the burial site for nearly every king and queen since the 16th century.
Segovia
1 day | Fall & Spring
Famous for its Romanesque and Gothic architecture, Segovia has one of the longest and best-preserved Roman aqueducts in all of Europe.
IES Abroad field trip destinations, activities, and lengths of stay may vary according to term and availability.
Daily Life
Part of making you feel at home in Madrid is doing our best to help you feel safe and cared for. Whether it is an orientation program that makes you feel prepared, housing that is well-located and comfortable, or the field trips that take you places off the beaten path—we’re all about our student services.
Orientation
Our Comprehensive Orientation & Re-Entry Experience (CORE™) begins at home with our virtual orientation to help you prepare for your IES Abroad experience. Our orientation introduces you to the IES Abroad Madrid staff, your fellow students, and the city of Madrid. Orientation continues throughout the semester with activities focusing on academic and cultural adjustment. Detailed information about housing, public transportation, culture, health and safety, and other important topics are also covered.
During your in-person orientation, IES Abroad organizes guided visits around Madrid with Spanish university students, as well as a day trip to Segovia. There is also a range of cultural events, such as intercambios, cooking classes, a flamenco workshop, and sports available for you to participate in. Some of these activities include visits to high-tech companies throughout Madrid, where you will become familiar with the Spanish work culture.
Housing
We want to make sure that your greatest challenge is deciding which landmarks to see first or discovering the best café—not finding a place to live where you feel comfortable. We do our best to locate housing that is reflective of how the local students are living. Our goal is that when you leave Madrid, it will feel like home.
Homestays – Live in Spanish homes with señoras or families and eat breakfast and one additional meal per day (either lunch or dinner) with your hosts when the program is in session. There are two homestay options. The first is a double room with one other IES Abroad student which does not carry any additional fees. The other single room option carries an additional fee.
Apartments – We offer single room apartments which resemble student residence halls with private bathrooms that are located in residential areas near the IES Abroad Madrid Center. Apartments are furnished, including a fully equipped shared kitchen as well as a personal minifridge. Utilities and Wi-Fi access are included. Gym facilities are available. Meals are not included in this option and are ideal for students who wish to prepare their own meals. There are two apartment options. Larger apartment options are available and carry an additional fee.
Residence Halls/Colegios Mayores – Colegios Mayores are residence halls located on the UCM campus and throughout the city. There are three different residence hall options for you to choose from. You will have a single room with either a shared or private bath. Please refer to the program cost sheet for additional information on optional ammenities and supplemental housing fees. These housing option includes 18-21 meals per week in student cafeterias. Gym facilities are available. Colegios Mayores are ideal for outgoing students who want to integrate into local, more traditional student culture, participate in Colegio activities, and are willing to abide by the rules of the Colegio.
Extracurricular Activities & Cultural Events
Take advantage of the cultural events we organize in Madrid, such as:
- Visit the Palacio Real and other heritage sites in Madrid
- Lessons in Spanish cooking and flamenco workshop
- Tour local museums
- Activities with Spanish students such as "Intercambios", tapas, and more!
University Clubs & Events
There are many opportunities for you to participate in the life of the city alongside local Spanish students at the Universidad Carlos III de Madrid (UC3M). We encourage you to take advantage of the any extra-curricular activities open to you at UC3M.
Volunteer Abroad
When you volunteer in Madrid, you have the chance to make a difference in the local community while meeting new people and gaining a new perspective on the world. If you are passionate about volunteering abroad, just let the on-site staff know at the beginning of your term. Past volunteer opportunities in Madrid include:
- Collecting food for the underprivileged
- Helping chronically sick children
- Working with the elderly
Get to Know Your New City
Visit La Tabacalera
Catch a free concert or art show at La Tabacalera, an old tobacco factory turned funky cultural center.
Take a Walk in the Park
Spend a lazy Sunday afternoon walking down la Gran Via and la Calle, then picnic and people watch in Parque del Retiro.
See La Plaza Mayor
Witness the breathtaking architecture and history found in la Plaza Mayor—Madrid’s central square. A must-have photo!
Enjoy Fresh Foods
Stop by the farmers' market in Casa de Campo the first Saturday of every month to taste the best local products.
Explore Must-See Museums
Include Museo del Prado, Museo Thyseen-Bornemisza, and Centro de Arte Reina Sofía on your to-do list while in Madrid. You don’t want to miss some of the top art museums in the world!
Program Cost
Consider these prices as a starting point. We encourage you to contact your study abroad office to determine the actual cost to you when factoring in financial aid, scholarships, your home school policies, and other factors.
Scholarships & Aid
Use our budget worksheet to calculate your costs
$6+ Million in Scholarships & Aid
Our Center
Students participating in the Language & Area Studies program will attend courses at the IES Abroad Madrid Center located in the heart of Universidad Complutense’s main campus, inside the Colegio Mayor Nuestra Señora de Guadalupe residence hall. It’s in easy walking distance of two museums—the Museo de América and the Museo del Traje.
Students in the Engineering, Math & Science program and Business, Economics & Social Sciences program will attend courses at the IES Abroad Madrid Center located in the heart of Leganés. This Center is near the Universidad Carlos III de Madrid campus and is very close to many options for public transportation.
Our Centers are your connection point for all things IES Abroad.
- Take your IES Abroad courses in the Center’s classrooms
- Meet with staff in their offices
- Study in the student lounge
Other features include Wi-Fi, printer access, and a library.
Our Staff
Elvira Munoz, Ph.D.
Center Director
Dr. Elvira Muñoz has been the IES Abroad Madrid Center Director since 2005. She served a two-year appointment as Associate Director for the Education Abroad program at the University of California Madrid. Her association with the University of California began at UCLA, where she was a Lecturer and Associate Undergraduate Vice Chair of the Mathematics Department, 2000–2002, and visiting Assistant Professor, 1995–2000. Dr. Muñoz received two Distinguished Teaching awards during her career at UCLA. She also has taught Mathematics at State University of New York at Stony Brook, Universidad Autónoma de Madrid, Universidad Carlos III de Madrid, and Universidad Complutense de Madrid. She holds a Ph.D. and M.A. in Mathematics from Université Paris XI, and a B.S. in Mathematics from Universidad de Salamanca. Her considerable experience abroad also includes work and study in Germany, Sweden, and Brazil.
IES Abroad Madrid Staff
María José Cacho
Assistant Administration and Student Services
Marta Camacho
Academic Advisor
Jose Luis Prada
Academic Advisor
Yolanda Charlán
Student Affairs Coordinator
Angel López
Student Affairs Coordinator
Rosario Roses
Student Affairs Assistant
Gemma Muñoz Garcia
Senior Academic and Internship Coordinator
Yolanda Real
Assistant Director of Administration
Health & Safety
With 70 years of experience, we are proud to set the standard for health and safety in study abroad. Our Chicago-based and on-site staff are all highly trained and experienced in the matters of health, safety, and crisis management. We are here for you from predeparture to your return, and are ready to support you—no matter what time zone you’re in.
In response to COVID-19, enhanced safety guidelines will be implemented this year—such as social distancing and personal protective equipment (PPE) in on-site classes, in-country field trips and travel only, and apartment or residence hall housing (no homestays) that ensures proper space should self-quarantining be necessary.
How We Support You
We plan for "what if" so that you don't have to. From international health insurance included in the cost of your program to highly trained local staff who can connect you to English-speaking healthcare providers, we are working around the clock to ensure your health and safety while abroad.
Learn more about the support you can expect to receive on our programs, including:
- International health insurance through CISI in the case you need to see a doctor or mental health professional
- 24/7 emergency support whether you encounter an issue while traveling or in your host city
- Location-specific health and safety information presented at orientation by on-site staff
- TripTracker system allowing you to share independent travel plans in case you need to be contacted swiftly in a crisis
- A mandatory cell phone policy so that you can be contacted locally and receive any emergency updates via call or text
- Crisis drills so that you feel prepared to respond to an emergency should one arise
- And more!
Health & Safety Resources
You safety begins with being accurately informed from the moment you're considering study abroad through to the day you return home.
Take note of ways you can maintain your health and stay safe abroad while reviewing our resources, including:
- IES Abroad MAP for Student Health, Safety & Crisis Management
- Study Abroad Safety Tips for Traveling
- IES Abroad Student Blogs on Safety and Mental Health
- And more!
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Contact a Past Student
From budgeting tips to housing insight, IES Abroad Ambassadors volunteer their study abroad and internship experiences and advice.
