Master in Applied Economics ADMISSIONS & FEES
The IE Admissions Department has a rigorous selection process. We seek motivated, creative and high-potential candidates who stand out for their academic and/or professional achievements, as well as interpersonal skills. We take a holistic approach when evaluating each candidate in order to bring in the most talented people into our international classrooms.
TUITION
33,000€*
*Conditions:
- Tuition is reviewed on a yearly basis and therefore subject to change.
- Special Conditions for IE Alumni, please contact your admissions advisor for more information.
- To become an IE University student, all IE Community members should make a one-off contribution to the IE Foundation. This is a single payment of €1,200 to be made during the enrollment process.
PAYMENT PLAN
We understand that you’re making a significant investment and we believe that maximizing the availability of payment plan options is important in making your Master in Applied Economics affordable. Our payment plans offer the following benefits.
Kindly note that plans with more than 3 consecutive installments will be charged 400€ for the administrative service it involves.
For further information, please contact the Admissions Department.
The ability to pay your tuition fees in up to 5 consecutive installments
They can be used in conjunction with your financial aid award shall you receive a scholarship
Our payment plans are interest-free and there are no pre-approval requirements or credit checks
ADMISSIONS PROCESS
STEP 1: START YOUR ONLINE APPLICATION FORM
Candidates must complete the sections that appear in the online application form. Additionally, they must provide the required documents and essential information as follows:
- Bachelor degree from an accredited university*
- Official university transcripts (certified translation into English or Spanish)
- 1 page CV/Resume. See the example here.
- Personal statement
- Contact information of two relevant academic or professional references.
- English language certificate – we accept the TOEFL (minimum score of 100 but 105 recommended), the IELTS (minimum score of 7 but 7.5 recommended), Duolingo English Test (minimum score 130) or a Cambridge Advanced level. A certificate is not required if you are a native speaker, you completed an undergraduate degree in English, you have worked and lived for more than two years in an English speaking country, or if you have extensive professional experience in English. Nevertheless, should the Admissions Committee find it necessary, they may request one of the certificates mentioned above** .
- Photocopy of current passport
- Passport size picture
Application fee: 150€ (fee is not refundable)
*Possible additional legalization and/or translation requirements might be applicable.
Please click here for more info.
*The Online Application Form is only the first step. An entrance exam is required to students. More details on “Entrance exam”.
**The validity of all previously mentioned English language certificates for IE University's admissions process is two years from the date you took the exam.
STEP 2: ADMISSIONS TEST
Candidates are required to take either the GMAT, GRE, ieGAT (IE Global Admission Test), CFA level I or CAIA level I tests.
As part of the application process, we encourage potential Master in Applied Economics participants to provide a GRE or GMAT score. This is essential in guiding our admissions decision.
A strong standing in the GRE or GMAT tests is particularly ideal for candidates coming from a background in social sciences, or other bachelor’s or master’s degrees that lack a comprehensive mathematical or quantitative training focus.
Candidates can also provide an ieGAT score, which we also consider as part of the application. However, we strongly encourage candidates to submit a GMAT or GRE test score.
STEP 3: ONLINE ASSESSMENT
Once you have submitted your online application and paid the application fee, you will receive a link to answer three live questions, two in video format and one in written format. This way, our admissions team will be able to meet you virtually and evaluate your capacity to respond in real time and under pressure.
STEP 4: PERSONAL INTERVIEW
You will have a personal interview (face-to-face or via online) with a manager of the Admissions Team.
ADMISSIONS COMMITTEE FINAL DECISION
The Admissions Department will contact you with the final resolution of your Admissions process. Your entire application will be evaluated holistically and will take roughly 1-3 weeks for the Admissions Committee to get back to you with a final decision. Admissions are valid for the intake you apply to and the following one.
NEED TO TAKE THE IEGAT?
Learn all you need to know about the IE Global Admissions Test.
We encourage potential Master in Applied Economics participants to provide a GRE or GMAT score. This is essential in guiding our admissions decision.
ADMISSION TIPS
FINANCIAL AID
We offer customized, merit-based aid and loan programs to make sure financial issues don't impede the success of outstanding students.
Student services
Our team is here to support you with immigration and relocation processes, such as housing, health care, bank accounts, resources for partners and information about life in Madrid, so that you can focus on studying and enjoying the IE experience.
Frequently Asked Questions
Review our FAQ responses to better understand everything related to our Admission Processes.
How do I start the application process?
The first step to applying for the Master in Applied Economics is to complete and submit the online application form. You can use your personal email to register a profile on our platform and, by creating a password, you can access it as many times as you need.
What are the requirements and the steps of the admissions process?
1. Online application form:Complete each section of the form and upload the required documents. You can access the online application form here.
2. Online assessment: Once you have submitted the online application and paid the application fee, you will receive a link to the Kira Assessment . This allows us to get a sense of your personality and potential before proceeding to a possible interview.
3. Entrance exam: You are required to take either the GMAT, GRE or IE Global Admissions Test (ieGAT). Contact your local office to find out when and where the next exam will take place.
4. Personal interview: The Admissions Committee will review your application and determine whether to advance you to the final interview. The interview helps us to get to know you better and gauge your potential as a part of IE University.
5. Final committee decision: It will take roughly one to three weeks for the Admissions Committee to get back to you with a final decision via email.
For more information, please click here.
*Please note that these requirements may be subject to change periodically.
Can I send my application even if I don’t have all the requested documents right now?
Yes. Once we receive your application, we will review the documentation that you have submitted and inform you about the remaining items needed to complete your application.
Is there a deadline to apply?
No, there is no deadline to apply. Instead, we have a rolling admissions process, which means that you can apply at any time of the year. However, due to the large number of applications we receive, we encourage you to submit your application as soon as possible. Keep in mind that the student visa processing time may vary from country to country, so contact Student Services for more information.
How long does the admissions process take?
The various stages of our admissions process aim to identify those areas of your academic and personal profile that make you unique, and to make sure that you fit in with our educational model. On average, the admissions process can take between four to six weeks, but it will always depend on each specific case. Places in our master’s programs are limited, and they are awarded on a first-come-first-served basis by strict order of admission date. For more information, please click here .
Are there scholarships available for the Master in Applied Economics?
At IE University, we aim to make it easy for talented professionals to access higher education. That’s why we offer several merit- and application-based scholarships, awards and resources to support your academic goals. Learn more about your financial aid options here.