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Business, Management & Finance
Madrid, Spain
About the Program
Infuse an international perspective into your business degree by studying in Madrid - the leading economic hub of the Iberian Peninsula and Southern Europe. Take courses at the Universidad de Carlos III de Madrid, an AACSB accredited institution. You’ll take courses alongside other Spanish and international students at the Getafe Campus, outside of the city center. Coursework is available in areas such as finance, marketing, management, and economics.
Requirements
Overview
Madrid
mid Jan 2026 - early Jun 2026
$20,495
12 - 15
Deadlines
10/1/25
11/1/25
Requirements
Eligibility
1 Year of College
2.5
All Levels
Where You'll Study
Universidad Carlos III de Madrid
Since its founding in 1989, the Universidad Carlos III de Madrid (UC3M) has grown into one of the leading higher education institutions in Spain. The public university offers a range of cours...
Universidad Carlos III de Madrid
Since its founding in 1989, the Universidad Carlos III de Madrid (UC3M) has grown into one of the leading higher education institutions in Spain. The public university offers a range of courses to a culturally diverse population of more than 19,000 students. More than 3400 international students participate in exchange programs through the university each year.
You will have the opportunity to take courses from two different campus locations. Each campus is about 15-25 minutes train ride from Puerta del Sol in Madrid. There are also buses that run between the campuses. The Getafe campus is where students take their Social Science and language classes while the Leganés campus is where students take their Engineering, Science, and Math courses.
You will have access to the same university facilities and will be able to take courses in English with local Spanish students, allowing you to fully appreciate UC3M student life. By sharing the campus with local and other international students you’ll have the opportunity to meet and interact with your peers.
Credit Transfer Information
Universidad Carlos III de Madrid awards credits based on the European Credit Transfer System (ECTS) system. CEA CAPA credit hour recommendations are based on the following conversion: 2 ECTS credits equals 1 U.S. semester credit. Credit transfer is ultimately determined by your home university. Please consult with an academic advisor at your home university on credit pre-approval guidelines.
Transcript Information
Students receive a transcript from Universidad Carlos III de Madrid upon successful completion of the program. The transcript reflects ECTS credits.
Accreditation
The Universidad Carlos III de Madrid is recognized by the Spanish Ministry of Education as a degree granting institution of higher learning. The university also holds accreditation from AACSB (Association to Advance Collegiate Schools of Business) and AMBA (Association for MBA programs).
Grading
Grade conversions from CEA CAPA partner institutions abroad to a US grading scale are determined in consultation with our School of Record and benchmarked with other peer institutions in the field.
Please note that CEA CAPA can only recommend grade conversions to students’ home institutions—it is ultimately at the discretion of the home institution to convert grades from abroad to students’ academic records.
For further information or details about grade conversion for a particular host institution, please reach out to our Registrar at registrar@ceacapa.com.
Please note that CEA CAPA can only recommend grade conversions to students’ home institutions—it is ultimately at the discretion of the home institution to convert grades from abroad to students’ academic records.
For further information or details about grade conversion for a particular host institution, please reach out to our Registrar at registrar@ceacapa.com.
Classroom and Information
- Faculty from UC3M teach your language, social science, STEM courses, including other electives.
- Periodic exams, homework assignments, and final exams will be administered.
- Attendance in all classes is mandatory and monitored by each professor.
- Teaching styles in Spain may differ from those in the U.S. Be prepared to adapt to different classroom structures and coursework expectations.
- Class size ranges between 5 and 20 students for language courses and between 10 and 40+ students for electives.
- You may attend class with international students from the U.S., Europe, Canada, and other parts of the world.
Amenities
Student Offices
Clubs & Organizations
Student Government
Student Lounge
Study Room
Study Area
Counseling Services
University Library
Computer Lab
Printing Facilities
Student ID
Multi-Media
Internet Access & Wi-Fi
Academic Advising
Tutoring
Language Exchange with Local Students
Fitness Facilities
Student Sports Teams
Dining Facilities
Banks & Post Office
On-campus ATM
Lockers
12-15
Credits
Program Structure & Courses
You will enroll in 4-5 courses at Universidad Carlos III de Madrid (UC3M). All courses are taught by Spanish faculty, but classes are taught in English. The Spanish culture courses are taught only to international students while all other university courses include both international and Spanish students. If you are at a High Intermediate level of Spanish or above you have the option to take courses in Spanish. Please contact a CEA CAPA Student Advisor for more information.
All courses meet for 42 contact hours/3 US semester credits*. Students may earn up to 12-15 credits (up to 210 contact hours). Courses may meet in the morning or afternoon, Monday-Friday. Active learning components required by your courses may be scheduled for Fridays.
*UC3M awards credits based on the ECTS system and the majority of UC3M courses are awarded 6 ECTS credits. CEA CAPA recommends 3 U.S. semester credit hours for each 6 ECTS course. These credit hour recommendations are based on the following conversion: 2 ECTS credits equals 1 U.S. semester credit. Some UC3M courses may award 3 ECTS credits (1.5 US semester credits recommended). ECTS credits for each course are reflected on the course syllabus. Students are required to enroll in a minimum of 24 ECTS credits (12 US semester credits) to comply with the program requirements. Please check with your home institution advisor regarding course transferability and credit hour conversion.
Prior to departure, you will select your preferred courses. You will be enrolled into courses based on their availability. It is in your best interest to have multiple alternative courses approved by your home university prior to your departure due to course availabilities. Please consult with your academic advisor at your home university on credit pre-approval guidelines.
Students receive a transcript from Universidad de Carlos III de Madrid upon completion of their program.
All Levels Course Structure
Courses
The host institution has offered the following courses in the past. Please note that course listings will not be finalized until the start of the term.
*Courses with an asterisk indicate that the course has been associated with multiple subject areas.
Please click on the course title to view additional subject areas and detailed course information.
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Accounting Introduction | 100 | En | 42 | 3 |
| Financial Accounting II * | 200 | En | 42 | 3 |
| Fixed Income and Derivatives * | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Advertising and Communication * | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Spanish Art Masters in Madrid Museums * | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Analysis of Dynamic Data | 300, 400 | En | 42 | 3 |
| Big Data for Business | 300, 400 | En | 42 | 3 |
| Big Data for Business Intelligence | 400 | En | 42 | 3 |
| Comprehensive Company Management Practices (ERP) | 300, 400 | En | 42 | 3 |
| Family Business Management * | 300, 400 | En | 42 | 3 |
| Innovation and Technological Change | 300, 400 | En | 42 | 3 |
| International Business Management * | 300, 400 | En | 42 | 3 |
| Optimization and Simulation for Business | 300, 400 | En | 42 | 3 |
| Organization Behaviour | 200 | En | 42 | 3 |
| Statistics I | 100 | En | 42 | 3 |
| The Engines of Growth: Innovation, Institutions and Human Capital | 300, 400 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Communication and Participation of Civil Society in the Internet | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Communication Theory | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Cultural Geography | 100 | En | 42 | 3 |
| Cultural Studies: Spanish Culture(s) from 1940 to the Present | 300 | En | 42 | 3 |
| Culture in its Historical Dimension | 100 | En | 42 | 3 |
| Latin America in a Post-colonial perspective, and its relationship with Spain | 300 | En | 42 | 3 |
| Social Groups and its Cultural Imaginaries | 200 | En | 42 | 3 |
| Spain in Progress, Spanish Society Today | 200 | En | 42 | 3 |
| Theory of Representation | 100 | En | 42 | 3 |
| World Cultural Regions | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Applied Economics | 300 | En | 42 | 3 |
| Dynamic Macroeconomics | 200 | En | 42 | 3 |
| Econometrics | 200 | En | 42 | 3 |
| Economic History * | 100, 200 | En | 42 | 3 |
| Economics II (Macroeconomics) | 100 | En | 42 | 3 |
| Economics of Education | 300, 400 | En | 42 | 3 |
| Economics of Information | 400 | En | 42 | 3 |
| Financial Economics | 200 | En | 42 | 3 |
| Global Health * | 400 | En | 42 | 3 |
| Government Policy Evaluation | 300, 400 | En | 42 | 3 |
| Industrial Organization | 300, 400 | En | 42 | 3 |
| Mathematics for Economics II * | 100 | En | 42 | 3 |
| Microeconomics * | 100 | En | 42 | 3 |
| Monetary and Financial Economics * | 300, 400 | En | 42 | 3 |
| Principles of Economics: Markets and Financials Failures | 300 | En | 42 | 3 |
| Quantitative Macroeconomics | 400 | En | 42 | 3 |
| The Process of European Economic Integration (Since 1945) | 300 | En | 42 | 3 |
| Topics in Advanced Macroeconomics | 300, 400 | En | 42 | 3 |
| Topics in Economic History | 300, 400 | En | 42 | 3 |
| Topics in Industrial Organization | 300, 400 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Documentary and Report | 300 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Asset Valuation * | 300, 400 | En | 42 | 3 |
| Computer Applications in Finance | 400 | En | 42 | 3 |
| Corporate Financial Strategy | 300 | En | 42 | 3 |
| Country Report and Risk Assessment | 400 | En | 42 | 3 |
| Digital Finances | 300, 400 | En | 42 | 3 |
| Financial Management * | 200, 300 | En | 42 | 3 |
| Financial Risk Management | 300 | En | 42 | 3 |
| Financial Statement Analysis | 300, 400 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Globalization and Society | 100 | En | 42 | 3 |
| Political and Social History * | 200 | En | 42 | 3 |
| World Politics | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| History of the World Economy * | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Borders and Population Movements | 300, 400 | En | 42 | 3 |
| Conflict and Violence | 300 | En | 42 | 3 |
| International Security Policy | 300, 400 | En | 42 | 3 |
| Security, Peace and Conflicts Resolution * | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Data Journalism | 400 | En | 42 | 3 |
| History of Journalism | 300, 400 | En | 42 | 3 |
| International Journalism I: Global Information | 300 | En | 42 | 3 |
| International Journalism II: Key International Organizations | 300 | En | 42 | 3 |
| Journalistic Communication | 200 | En | 42 | 3 |
| Local Journalism | 300 | En | 42 | 3 |
| Newspaper Design | 200 | En | 42 | 3 |
| Online Journalism | 200 | En | 42 | 3 |
| Research Methodologies for Journalism | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Commercial Law | 200 | En | 42 | 3 |
| Labour Law and Social Security | 300, 400 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Introduction to Business Management | 200, 300, 400 | En | 42 | 3 |
| Management Control | 300 | En | 42 | 3 |
| Marketing Management * | 300 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Innovation Management | 200 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Financial and Service Marketing * | 300, 400 | En | 42 | 3 |
| Marketing Communications and Social Media | 300, 400 | En | 42 | 3 |
| Markets Research | 300, 400 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Numerical Methods for Economy and Finance | 400 | En | 42 | 3 |
| Statistics Applied to Journalism * | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Analysis of audio-visual discourse | 200 | En | 42 | 3 |
| Film Narrative | 200 | En | 42 | 3 |
| Information and Conflict I: The Media and Violence | 400 | En | 42 | 3 |
| Media Landscape | 300 | En | 42 | 3 |
| Radio Workshop | 100 | En | 42 | 3 |
| Structure of the Media System | 100 | En | 42 | 3 |
| Television Studies | 300 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Feminism | 300 | En | 42 | 3 |
| Philosophy in History and Culture | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Comparative Historical Constitutionalism * | 200 | En | 42 | 3 |
| Comparative Politics II | 300, 400 | En | 42 | 3 |
| European Politics and Society | 300, 400 | En | 42 | 3 |
| Evaluation of Public Policy | 300 | En | 42 | 3 |
| History and Politics of the United States * | 300, 400 | En | 42 | 3 |
| Human Rights | 300, 400 | En | 42 | 3 |
| Inequality | 400 | En | 42 | 3 |
| Methodology of Political Science | 100 | En | 42 | 3 |
| Political Behaviour | 200 | En | 42 | 3 |
| Political Regimes: Historic Evolution and Current Forms * | 100 | En | 42 | 3 |
| Politics and Media | 400 | En | 42 | 3 |
| Public Liberties and Constitutional Rights | 300, 400 | En | 30 | 2 |
| The Process of European Integration | 300 | En | 42 | 3 |
| The Welfare State in Comparative Perspective * | 400 | En | 42 | 3 |
| Theory and History of Social Movements | 300 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Media Psychology * | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Communication and Participation of Civil Society in the Internet | 300, 400 | En | 42 | 3 |
| Culture and Identity in Globalization | 400 | En | 42 | 3 |
| Demography | 300 | En | 42 | 3 |
| Statistics for Social Sciences I: Introduction to Statistic * | 100 | En | 42 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Cervantes and His World: Exemplary Novels | 300 | En | 42 | 3 |
| Gender Perspectives in the Contemporary European and Spanish Literature | 300 | En | 42 | 3 |
| Spanish Language for Spanish Speakers | 400 | Sp | 45 | 3 |
| Spanish Language: High Intermediate II Level | 300 | Sp | 45 | 3 |
| Spanish Language: Advanced I Level | 300 | Sp | 45 | 3 |
| Spanish Language: Advanced II Level | 400 | Sp | 45 | 3 |
| Spanish Language: Beginner Level | 100 | Sp | 42 | 3 |
| Spanish Language: High Intermediate I Level | 200 | Sp | 45 | 3 |
| Spanish Language: Low Intermediate Level | 100 | Sp | 45 | 3 |
| Course Name | Level | Lang | Hours | Credits |
|---|---|---|---|---|
| Supply Chain Management * | 300, 400 | En | 42 | 3 |
Interested in taking your career to the next level?
Where You'll Stay
*Housing options may change and will be confirmed on the housing application form prior to the start of the term. Below are the housing options that have been offered in the past.
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Apartment
Available:
Semester
Summer
Summer
All CEA CAPA students studying in Madrid have the option of living in apartments while abroad. Located in different neighborhoods in the city of Madrid, with convenient commute to different areas in the city, as well to the study center or the internship location. These apartments cater perfectly to independent, do-it-yourself type students who want to experience Madrid just as the local Madrileños do. Cook tasty tortilla española with your roommates in your kitchen, explore the personality of the neighborhood that surrounds you and make your new Spanish apartment a home.
Typical Commute
- CEA CAPA Madrid Center: Up to 45 minutes by metro
- Universidad Antonio de Nebrija: Up to 45 minutes by metro or walking
- Universidad Carlos III de Madrid: Up to 70 minutes by metro
Meals Included
- N/A
Roommates
- 1-2 students per room
- 4-14 students per apartment
Unit Amenities
- Shared full kitchen
- Shared-single sex bathroom
- Internet access
- Washer only
- Central heating or space heaters
- Weekly cleaning services (common spaces) included
Additional Fees
This housing option may carry a supplemental fee which may vary based on housing inclusions (i.e. meals, amenities, etc.) as well as program length. Exact amount will be confirmed on the housing application form.
- Summer (private room): $400 - $1,000
- Semester (private room): $1,000 - $1,800
- Shared room: No additional fee
Homestay
Available:
Semester
Summer
Summer
Engage in Madrid’s colorful culture firsthand when you live in a homestay with a Spanish family or a single Señora. For the culture-seeking type whose study abroad goals include improving Spanish language skills and cultural understanding, homestays provide the opportunity to dive headfirst into the daily lives of Madrid’s locals.
Typical Commute
- CEA CAPA Madrid Center: Up to 60 minutes by metro
- Antonio de Nebrija University: Up to 50 minutes by metro or walking
- Universidad Carlos III de Madrid: Up to 70 minutes by metro
Meals Included
- 2 meals per day, breakfast and dinner (Mon-Sun)
Roommates
- 1-2 student per room
- 1-3 students per Homestay
Unit Amenities
- Limited kitchen (microwave, a shelf in the fridge and pantry)
- Shared-co-ed bathroom
- Bedding included
- Towels included
- Internet access
- Weekly laundry service included
- Weekly cleaning service (bedroom) included
- Central heating, space heaters available
- Fans available
Additional Fees
This housing option carries a supplemental fee which may vary based on housing inclusions (i.e. meals, amenities, etc.) as well as program length. Exact amount will be confirmed on the housing application form.
- Summer: $500 - $1,800
- Semester: $1,500 - $2,900
Residencia A - Private Room
Available:
Semester (Subject to Availability)
Summer (Subject to Availability)
Summer (Subject to Availability)
All CEA CAPA students studying in Madrid have the option of living in a residencia while abroad. Residencias are off-campus accommodations located in the city of Madrid that house approximately 200 students. This housing option caters perfectly to students who want the peace and independence of having their own bedroom. The kitchen may be private and inside the bedroom or shared with the other students at the Residencia. Other common spaces are available. Living in a residencia will help students to immerse themselves in Spanish University life and culture and to be part of a huge University community, meeting national and international students.
Please note that Residencia A and Residencia B are not the same Residencia - they are located in different areas of the city. Theremay be more than one Residencia for each type. Please note that within the same Residencia rooms might not be contiguous or in the same floor and might be spread out within the Residencia.
Typical Commute
- CEA CAPA Madrid Center: Up to 40 minutes by metro or walking
- Universidad Antonio de Nebrija: Up to 45 minutes by metro & walking
- Universidad Carlos III de Madrid: Up to 60 minutes by metro
Meals Included
- N/A
Roommates
- 1 student per room
Unit Amenities
- Shared full kitchen
- Private bathroom
- Bedding included
- Towels included
- Laundry facilities
- Central heating
- Air conditioning
- Internet access
- Cleaning service (bedroom) included
- Common spaces such as a gym, terraces and study spaces
- Heating and cooling systems (Availability may vary by season)
Additional Fees
This housing option carries a supplemental fee which may vary based on housing inclusions (i.e. meals, amenities, etc.) as well as program length. Exact amount will be confirmed on the housing application form.
- Summer: $600 - $2,400
- Semester: $2,800 - $4,200
Residencia B - Shared Room
Available:
Semester (Subject to Availability)
Summer (Subject to Availability)
Summer (Subject to Availability)
All CEA CAPA students studying in Madrid have the option of living in a residencia while abroad. Residencias are off-campus accommodations located in the city of Madrid that house approximately 200 students. This housing option caters perfectly to students who want to share the experience with a roommate along with a stress-free meal plan.
Living in a residencia will help students to immerse themselves in Spanish University life and culture and to be part of a huge University community, meeting national and international students.
Please note that Residencia A and Residencia B are not the same Residencia - they are located in different areas of the city. There may be more than one Residencia for each type. Please note that within the same Residencia rooms might not be contiguous or in the same floor and might be spread out within the Residencia.
Typical Commute
- CEA CAPA Madrid Center: Up to 40 minutes by metro or walking
- Universidad Antonio de Nebrija: Up to 45 minutes by metro & walking
- Universidad Carlos III de Madrid: Up to 75 minutes by metro
Meals Included
-
Full Board – breakfast, lunch and dinner Monday – Sunday (subject to a timetable)
Roommates
- 2 students per room
Unit Amenities
- Kitchenette
- Shared-single sex bathroom
- Bedding included
- Towels included
- Laundry facilities
- Central heating
- Air conditioning
- Internet access
- Cleaning service (bedroom) included
- Common spaces such as a gym, terraces and study spaces
- Heating and cooling systems (Availability may vary by season)
Additional Fees
This housing option carries a supplemental fee which may vary based on housing inclusions (i.e. meals, amenities, etc.) as well as program length. Exact amount will be confirmed on the housing application form.
- Summer: $500 - $2,200
- Semester: $2,800 - $4,200
Excursions
Get out and explore! Excursions are offered for most semester, year, and summer programs. Semester students are typically offered between two to three excursions and summer study students are typically offered between one to two excursions. You'll receive a calendar of excursions during orientation; here are a few day and overnight excursions we've offered in the past.
What's Included in your Program
From housing to excursions, our programs include a variety of inclusions to enhance your study abroad experience! Here are examples that may be available in Madrid. Inclusions vary by program – please contact our Enrollment and Advising team to find out what options are available for you.
- Personalized Pre-Departure Advising
- Visa & Immigration Advising
- Financial Advising
- Tuition and Registration
- Airport Pick-up
- Onsite Orientation
- City Tour
- Onsite Staff Support
- 24/7 Emergency Assistance
- Travel Medical Insurance
- International Emergency Service Support
- Welcome & Farewell Events
- Centrally Located Housing
- Wellness Activities
- Cultural Engagement
- Language Exchanges
- Volunteer Opportunities
- Excursions
- Student Clubs & Organizations
- Host Institution Services & Amenities
- Career & Re-entry Workshop
- Official Transcript(s)
Sample Calendar
The calendar for this program is coming soon; please check back later.
Sample Budget
The sample budget is unavailable at this time. Please check back later or ask your CEA CAPA Admissions Counselor/Site Specialist for a comparable program's sample budget.