IESE MBA Fees – Complete Guide to Tuition, Scholarships, Funding & Cost of Living
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Overview
The IESE MBA is one of the world’s most prestigious full-time MBA programs, consistently ranked among the top global business schools. Delivered over 19 months across Barcelona and Madrid, the program is designed for experienced professionals seeking leadership roles with global impact.
Given IESE’s academic rigor, leadership focus, and international career outcomes, the MBA represents a significant but strategic financial investment. Understanding the full cost -tuition, funding options, scholarships, and living expenses is essential before applying.
This guide covers IESE MBA Fees.
IESE MBA Fees
Total Program Fees
The total tuition fee for the IESE MBA is:
€99,500 for the full 19-month program
This tuition covers:
Academic instruction and case-based learning
Access to IESE’s global faculty and academic resources
Career services and leadership development programs
Program administration and institutional facilities
The fee is fixed for the intake once admitted.
Fees & Funding Structure
Payment Schedule
IESE allows tuition to be paid in instalments, making the financial commitment more manageable. Payment is typically split across multiple stages during the program rather than requiring a single upfront payment.
This structure supports:
Better cash-flow planning
Coordination with scholarships or education loans
Exact instalment timelines are shared after admission.
Calendar of payments
Enroll Year 2026 | Due Date | |
Commitment fee | €4,500* | Up to December 15, April 10, May 22 or June 26 (Refer to admittance letter) |
Tuition Installment | €5,500* | Up to January 12, May 4, May 22 or June 26 (Refer to admittance letter) |
Payment MBA Year 1 | €47,000 | Up to October 15, 2026 |
Payment MBA Year 2 | €57,000 | Up to September 25, 2027** |
September 2026 intake | |
Commitment Fee | €4,500 |
Tuition Installment | €5,500 |
Payment MBA Year 1 | €47,000 |
Payment MBA Year 2 | €57,000 |
Total | €114,000 |
Scholarships & Financial Aid
IESE Business School offers one of the strongest financial aid ecosystems in Europe, designed to support high-potential candidates from diverse backgrounds.
Merit-Based Scholarships
Awarded to candidates with:
Exceptional academic records
Strong leadership potential
Outstanding professional achievements
These scholarships may cover a significant portion of tuition fees.
Need-Based Financial Aid
IESE also provides assistance based on:
Demonstrated financial need
Personal and professional circumstances
This ensures that financial constraints do not prevent strong candidates from accessing the program.
Diversity & Impact Scholarships
Additional funding is available for:
Women candidates
International applicants
Candidates from under-represented regions
Individuals with strong social or community impact profiles
Important Scholarship Insight
All admitted candidates are automatically considered for most IESE scholarships
Early applicants generally receive higher scholarship consideration
Admission Process
The IESE MBA admissions process is rigorous and holistic, ensuring strong ROI for students.
Key Application Components
Online application form
Academic transcripts
GMAT or GRE score
Professional CV
Essays and personal statements
Interviews and assessment
Scholarship decisions are closely tied to admissions strength, making profile quality more important than financial background alone.
Cost of Living in Barcelona & Madrid
Beyond tuition, students must budget for living expenses during the program.
Estimated Living Costs (Per Year)
Expense Category | Estimated Cost |
Accommodation & Utilities | €12,000 – €18,000 |
Food & Daily Expenses | €4,000 – €6,000 |
Transportation | €1,000 – €1,500 |
Health Insurance & Miscellaneous | €2,000 – €3,000 |
Estimated Annual Living Cost:€19,000 – €28,000
Costs vary based on lifestyle, housing choices, and city (Barcelona or Madrid).
Total Estimated Investment for IESE MBA
Cost Component | Approximate Amount |
Tuition Fees | €99,500 |
Living Expenses (19 months) | €30,000 – €45,000 |
Total Investment | €130,000 – €145,000 (approx.) |
This investment is aligned with IESE’s global ranking, leadership outcomes, and long-term career ROI.
Is the IESE MBA Worth the Cost?
From a value perspective, IESE stands out due to:
Strong global reputation and alumni network
Exceptional placement outcomes across consulting, finance, and leadership roles
Case-based pedagogy focused on real decision-making
Long-term leadership and career acceleration
Graduates often experience significant salary growth and international mobility, making the financial investment strategically justified for the right candidate.
Conclusion
The IESE MBA represents a premium investment in leadership, global exposure, and long-term career growth. With transparent tuition fees, flexible payment options, strong scholarship support, and manageable living costs in Spain, the program offers one of the strongest ROI propositions among top global MBAs.
For candidates seeking a values-driven, globally respected MBA with enduring impact, IESE remains a top-tier choice.
