Universidad Carlos III de Madrid (UC3M): Madrid

Undergraduate Global Immersion in Spain

First Semester (Fall semester): Sept. 7 - Dec. 15 (Exams: Jan. 7 -22)

Second Semester (Spring semester): Jan. 25 - May 6 (Exams: May 16-31)

When selecting a semester exchange program, students should take note of academic calendars that differ significantly from the University of Minnesota. Consider potential conflicts such as holidays, family events, graduation ceremonies, and summer jobs/internships early in the selection process.

Work with Education Abroad Advisers and the Carlson Business Career Center for support addressing challenges.

*Students have options to deal with cases where fall semester final exams conflict with U of M spring semester classes.

Madrid, Spain

Carlos III de Madrid

Carlos III de Madrid

Carlos III de Madrid

Carlos III de Madrid

Carlos III de Madrid Library

Carlos III de Madrid Library

Students Studying

Students Studying



City of Madrid

City of Madrid

This is a semester exchange program, where students take classes (in English or Spanish) directly at a partner university and substitute that semester for a semester at the University of Minnesota. The partner university will send one of their students to the Carlson School of Management to take classes in their place.

Exchanges often require students to demonstrate a high degree of independence, adaptability, and flexibility because support and service may be different from a US university. Examples of differences that exchange students should be prepared to encounter include varying housing options, the amount and timing of program details, grading based less on assignments and more on final exams, and an academic calendar that may differ significantly from the University of Minnesota.

Application and Admissions

To apply, please visit the Apply page. You will be charged a $50 application fee for each term that you apply for a program. If you apply for two programs in Fall semester you will be charged $50. If you apply for one program in Fall semester and one in Spring semester you will be charged $100. The priority deadline for Fall 2015 and Spring 2016 is February 1, 2015. Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Applications will be reviewed and students will be informed of their status within 6 weeks of the priority deadline.


To be eligible for this education abroad program, you must be:

  • A University of Minnesota student who has successfully completed the I-Core curriculum or equivalent coursework
  • In good academic standing with a minimum GPA of 3.0
  • Additional criteria may apply
  • The University of Minnesota is committed to the policy that all persons shall have equal access to its programs, facilities and employment without regard to race, color, creed, religion, national origin, sex, age, marital status, disability, public assistance status, veteran status, or sexual orientation

Location details

As the third largest city in the European Union, studying in Madrid offers a wide range of educational, cultural, and leisure activities. Due to its economic output, high standard of living and market size, Madrid is considered the major financial center of southern Europe and the Iberian Peninsula. Madrid is a welcoming city which makes it possible to turn your university stay into an unforgettable experience. As one of the most dynamic cities in Europe, Madrid holds a great attraction for students from all over the world.

The Universidad Carlos III de Madrid (UC3M) campus where business exchange student spend most of their time is in the town of Getafe, well connected to the Madrid city center by public transportation. UC3M has a strong international focus, a high-quality faculty of more than 1,700, a student body numbering more than 18,000, an excellent research reputation and a firm commitment to the wider society. The UC3M campus is located in the suburb of Getafe, well connected to the city centre by public transport.

In 2010, UC3M was awarded the Campus of International Excellence award by the Ministries of Education and Science in Spain for the second year in a row.

Exchange students have many housing options, including a residence halls near the Getafe campus, private apartments in central Madrid, (approximately 30 minutes from campus by public transportation), or a homestay with a local Spanish family. UC3M International Programs staff assists students in finding suitable accommodations.

Cost estimate (Summary)

These estimates will vary based on student preference and exchange rates. All details subject to change based on economic and international factors. Most financial aid may be applied to study abroad programs. Students should also maintain their U.S.-based health insurance plan while abroad. Visa and passport costs are subject to change. Please verify current documentation costs with the Consulate.​

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. See Costs & Billing for additional information on financial aid and scholarships.

Academics and credits

Students are enrolled in 15 S/N Carlson School International Business (IBUS 5200) credits at the University of Minnesota during the semester they are abroad. Students will take a full course load (13-18 UMN credits per semester) at the host universitiy. Business courses taught in English are available for exchange students.

Students participating in CGI semester exchange programs are strongly encouraged to enroll in the 1-credit Global Identity course for business students. This course helps you to develop your intercultural skills and articulate the value of your experience to future employers. It offers an additional layer of support through one-on-one interactions with your instructor that complements the independent structure of the exchange program.

Courses are offered in a wide variety of subjects in, with business courses housed in the departments of Business Administration and Finance and Accounting. UC3M also offers short humanities courses with built-in excursions to nearby sites. Exchange students can choose to take classes in English or Spanish and will find local and international classmates in both types of classes.

Spanish language courses are available at an additional cost.

Cost table

Estimated Expenses 2014-2015
Carlson School Tuition (charged to UMN student account)$7029
Program Fee (charged to UMN student account)$2500
Transportation (to and from program site)$1200
Documentation (passport, visa, immunizations)$70
Books and Materials $200
Room and/or Board$3400
Essential Daily Living Expenses$2000
Global Identity Course - strongly recommended (charged to UMN student account)$200

Program Manager

Academic term(s)



Semester Exchange

Degree level