What is the tuition fee for IE Master in Management?

The total tuition fee for the IE Master in Management programme is €47,300 for the complete 15-month duration.

Does IE Business School offer scholarships for MiM?

Yes, IE Business School offers merit-based scholarships ranging from 10% to 40% of tuition, with limited high-impact awards covering up to 70% for exceptional candidates.

Can IE MiM tuition be paid in instalments?

Yes, IE Business School allows students to pay tuition fees in multiple interest-free instalments, providing flexibility for international students.

What is the cost of living for IE MiM students in Madrid?

The estimated cost of living in Madrid for IE MiM students ranges from €12,000 to €20,000 per year, depending on accommodation and lifestyle.

What is the total estimated cost of IE MiM including living expenses?

The total estimated investment for the IE Master in Management, including tuition and living expenses, ranges between €65,000 and €72,000.

IE MiM Fees : Scholarships, Cost of Living & Complete Financial Guide

Sahil Sujit

2 days ago

3 min read

Overview

The Master in Management (MiM) at IE Business School, Madrid, is a globally recognised, full-time postgraduate programme designed for high-potential graduates at the start of their professional journey. Spanning 15 months, the programme combines rigorous management fundamentals with experiential learning, international exposure and strong corporate engagement.

IE’s MiM is structured to deliver immediate career acceleration, with a curriculum that integrates analytics, strategy, leadership and entrepreneurship making it one of Europe’s most competitive MiM programmes. Given its global reputation and outcomes, this guide IE MiM Fees covers the full cost structure, funding options and living expenses is essential for informed decision-making.

IE MiM Fees

The financial commitment for the IE Master in Management reflects its premium academic positioning and global brand value.

Total Tuition Fee

€47,300 for the complete 15-month Master in Management programme

This tuition covers:

Academic instruction and programme delivery
Access to IE’s learning platforms and digital tools
Core academic resources and institutional services
Career development support and professional coaching

Tuition fees are fixed for the intake once admitted and are payable according to IE’s official payment schedule.

Fees & Funding Structure

Payment Flexibility

IE Business School offers structured and student-friendly payment solutions to reduce financial pressure:

Tuition can be paid in multiple interest-free instalments
Instalment plans allow students to spread payments across the programme duration
Exact schedules are confirmed post-admission and tailored to intake timelines

This flexibility is particularly beneficial for international students managing currency conversion and relocation costs.

Scholarships & Financial Aid

IE Business School offers one of the most robust scholarship ecosystems among European business schools.

Merit-Based Scholarships

All admitted MiM candidates are automatically considered for scholarships based on:

Academic excellence
Leadership potential
International exposure
Personal and professional achievements

Scholarship coverage typically ranges from:

10% to 40% of tuition fees

These awards do not require a separate application, making early application strategically important.

Special & High-Impact Scholarships

IE also offers limited high-value scholarships, including:

Awards covering up to 70% of tuition for exceptional candidates
Diversity-driven, impact-focused and institutional partner scholarships

These are highly competitive and often allocated on a rolling basis.

Key Scholarship Strategy Tip

Candidates applying in earlier rounds have significantly higher chances of receiving:

Larger scholarship percentages
Priority consideration for premium awards

Cost of Living in Madrid

Madrid is one of Europe’s most student-friendly capitals, offering a high quality of life at a comparatively moderate cost.

Estimated Annual Living Expenses

Expense Category	Estimated Cost (Annual)
Accommodation & Utilities	€8,000 – €12,000
Food & Daily Living	€3,000 – €4,000
Transport & Miscellaneous	€2,000 – €3,000

Estimated Total Cost of Living:€12,000 – €20,000 per year, depending on lifestyle and housing choices.

Additional Costs to Budget

Mandatory health insurance
Student visa and residence permit expenses
Initial relocation and settlement costs
Personal travel and discretionary spending

Total Estimated Investment for IE MiM

Cost Component	Approximate Amount
Tuition Fees	€47,300
Living Expenses (15 months)	€18,000 – €25,000
Total Programme Cost	€65,000 – €72,000 (approx.)

This places IE MiM competitively among top European MiM programmes when adjusted for outcomes, brand strength and global employability.

Is IE MiM Worth the Cost?

From a return-on-investment perspective, IE MiM stands out due to:

Strong employer reputation across consulting, finance, tech and strategy roles
Intensive career coaching and corporate access
High post-graduation employability in Europe and globally
A globally mobile alumni network

For candidates seeking rapid career acceleration, international exposure and long-term leadership potential, the financial investment aligns strongly with professional returns.

Conclusion

The IE Master in Management represents a premium but strategically justified investment. With transparent tuition fees, flexible payment plans, substantial scholarship opportunities and manageable living costs in Madrid, the programme offers a well-balanced financial profile among elite European MiM degrees.

Early planning, early application and proactive scholarship positioning are key to maximising value and minimising financial burden.