MBA: The gains in Spain
Madrid's Instituto de Empresa is for those who fancy entrepreneurship
Thursday 06 May 1999
Set up in 1973 at the end of the Franco era, it is located in the financial heart of Madrid in a spot close to Serrano Street's stylish shops. Housed in a listed 18th-century building, the Instituto has been refurbished to include a virtual library and computer rooms, and is the only one of the top three business schools in Spain to have no religious ties. The other two are connected to the Roman Catholic church.
The school is a good bet for anyone who wants an international, bilingual MBA and who is interested in doing business with South America. The fact that its international MBA lasts just over one year (15 months in fact) is a plus for people who can't afford or don't want to take more time away from their work.
Amazingly, you don't have to speak Spanish to gain entry. The Instituto teaches you Spanish via warm-up lessons in your first term so that you are able to take some courses in Spanish in the second term. This year two out of the 56 students on the International MBA are from the UK.
The International MBA is thoroughly international. Thirty eight per cent of its students are Spanish, 14 per cent are from Latin America, and the remainder of the students are drawn from Europe and elsewhere.
According to Miguel Costa, director of the International MBA, its popularity is growing. The reason for this, he says, is because it's a 15-month rather than a two-year programme, and also because students relish learning to do business in another language, as it opens up doors for them.
Another reason why people may want to consider the Instituto is that it is keen to help students start up their own companies. In the last decade more than 350 firms have been set up by Instituto students. Now an Entrepreneurship Centre is being established to promote business creation.
Everyone lives off-campus in flats, and there is no cafeteria so students eat out. But fees are reasonable - the International MBA costs around pounds 10,000, which is good value for money.
Life & Style blogs
What is Lyme disease, what are the symptoms and is treatment readily available?
iPhone 7 (or iPhone 6S) leaked pictures show similarities to older model — but Apple is fixing the biggest issue of all
'Help me I'm trapped in a factory' messages keep being found on bottles of vitamin water
Google has set its terrifying, dreaming image robots on the public
What do the emojis on Snapchat mean?
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 'Help me I'm trapped in a factory' messages keep being found on bottles of vitamin water
- 3 Right to die: Belgian doctors rule depressed 24-year-old woman has right to end her life
- 4 Wimbledon 2015: Dustin Brown knocks Rafael Nadal out of championship
- 5 Primark and Penny's heir Barry Ryan drowns trying to save his 21-year-old son
£15000 - £16500 per annum: Recruitment Genius: If you've got first class custo...
Negotiable: Recruitment Genius: This is a great opportunity to join a medium s...
£11830 - £40000 per annum: Recruitment Genius: Working in a friendly, sales ta...
£15000 - £27000 per annum: Recruitment Genius: One of the UK's leading web des...