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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.

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.

Fall semester: September to late January*

Spring semester: late January to early June

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.

Students are enrolled in 15 S/N Carlson School International Business (IBUS 5100) credits for a semester at UC3M and typically enroll in 30 ECTS credits, equivalent to 15 resident UMN credits.

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.

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.

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.

2012-2013 Tuition (2013-2014 TBD)	$6,030
Program Fee (includes program administration and intl health insurance*)	$2,500
Transportation (to and from program site)	$1,200
Documentation** (passport, visa, immunizations)	$525
Books and Materials	$200
Room and/or Board	$5,000
Essential Daily Living Expenses	$2,000
Miscellaneous	$500
Total	$17,955

*Students should also maintain their U.S.-based health insurance plan while abroad.

**Subject to change. Please verify current documentation costs with the Consulate.

Most financial aid may be applied to study abroad. In addition, University of Minnesota students are eligible for education abroad scholarships. See Scholarships and Finances for additional information, and Costs and Billing for budget planning and cost comparison tools.

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.

Application materials include the online application form, a resume, and essay. Submit a completed application by the February 28th priority deadline prior to the academic year in which you wish to participate. Programs that do not fill following the priority deadline will be reviewed on a rolling admissions basis.

Admission to all programs is based on review of your application by the study abroad selection committee, and selection notifications are sent out within one month of the priority deadline or receipt of application during rolling admission. Once selected, students are given the opportunity to confirm acceptance, at which point they are subject to Education Abroad policies.

Contact Information

Global Immersion
Carlson Global Institute
CSOM 2-210
Phone: 612-625-9361
Fax: 612-624-8248
exchgout@umn.edu