The latest scheme launched to help students afford business school is a joint scholarship program offered by IE Business School and UK Trade and Investment (UKTI), of the British Embassy in Madrid. The scheme enables UK students to study on a Masters program at IE and also do an internship in the field of international trade at UKTI’s Madrid office.
UK Trade and Investment (UKTI) is the government department that helps UK-based companies succeed in global markets. The teams in Spain and Portugal offer a comprehensive range of export services which include the provision of market information; access to important market players and potential customers, visit programmes and face-to-face meetings with prospective business partners; market-based seminars; promotional events; and missions into the UK to allow Spanish and Portuguese delegates to meet with potential partners.
Candidates on this scheme will benefit from a scholarship that covers up to 30% of fees for pre-experience programs like the Master in International Management, Master in International Relations, Master in International Legal Practice, Master in Finance, Master in Marketing Research and Consumer Behavior, Master in Political Communication, and the Master in Corporate Communication. The total amounts will range between 5,400 and 8,700 euros.
Scholarships are also available for the International MBA and the Master in Advanced Finance at IE Business School, covering in these cases between 20% and 30% of fees respectively. These scholarships will range between 7,000 and 11,400 euros (up to 20% of fees) for the International MBA, and between 10,500 and 17,100 euros (up to 30%) for the Master in Advanced Finance.
Scholarship recipients will be able to request an internship at UKTI’s Madrid Office, the nature of which will depend on their profile and academic achievements. In order to do so they will be required to successfully complete UKTI’s selection process. The internships will permit students to build on their professional experience in the field of international trade. For more information about IE Business School scholarships see the scholarships page or go to the financial aid blog.
Joël McConnell, Director of IE Financial Aid, explained how IE works with partners worldwide to recruit the best students. “Our agreement with UK Trade and Investment will help us to attract the most competitive students in the UK, professionals who want to study in Spain while maintaining links with their country of origin. Hence, in addition to the scholarship to undertake the Master program, the agreement also offers the possibility of doing an internship with UKTI in Madrid.”
In a previous interview with IE MBA Director for Financial Aid Joel McConnell, he said that around 40% of IE MBAs benefit from the school's range of scholarships, loans and fellowships.
IE Business School has an extensive alumni community with around 40,000 graduates that currently hold management positions in some 100 countries. It plans to continue producing leaders who promote innovation and change in organisations, and equipping directors with an entrepreneurial mindset that generates employment, wealth and social wellbeing.
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