Master in Product Management and Design Innovation

Master in Product Management and Design Innovation is a postgraduate (master's) course in business & management at IE University in Madrid and Segovia, Spain. It takes 10 months, with intakes in September.

IE University is a private institution, ranked 446 in the world in the QS World University Rankings 2027. Read the full course description, modules and entry rules on the official course page.

Tuition for international students is €40,000 a year, about ₹42.4 lakh.

Total programme fee

Living costs near the university

Living costs for Spain as a whole: €9,000–14,000 a year. Approximate exchange rates (based on ECB reference rates, March 2026). Actual rates on your payment date will differ.

General entry requirements at IE University for master's courses. Some courses ask for more, so check the course page.

• A bachelor's degree (final transcripts or an interim transcript if you are still studying) and a CV.
• An admissions test: ieGAT, GMAT or GRE for most master's; the Master in Finance also accepts CFA or CAIA Level I; the MBA also accepts the Executive Assessment.
• Online application with a non-refundable €150 fee, then an interview with the admissions team.
• The International MBA expects several years of work experience (the class average age is about 29).
• Tuition can be paid in instalments; plans with more than three instalments carry a €400 administration charge.
• A one-off €1,200 IE Foundation contribution is payable at enrolment.

For this course: IELTS 7.0 (7.5 recommended), TOEFL 100 or Duolingo 130.

Need a score? IELTS and PTE coaching is available with us.

This course starts in: September.

1. 1Check the entry requirements and the deadline on the official course page.
2. 2Take IELTS, PTE or the test the university accepts, if you need one.
3. 3Prepare your documents: transcripts, statement of purpose, recommendation letters and CV.
4. 4Apply on the university's application portal and pay any application fee.
5. 5Accept your offer, meet any conditions and pay the deposit.
6. 6Apply for your student visa for Spain, then arrange accommodation.

• Valid passport and a passport-size photo
• Class 10 and Class 12 mark sheets (bachelor's), or degree transcripts and certificate (master's)
• Translations or legalisation where IE asks for them
• CV with activities and any work experience
• English test score (IELTS, TOEFL, Duolingo or Cambridge)
• Admissions test or GMAT/GRE score
• Portfolio for architecture, design and fashion applicants (and optional for others)
• Proof of funds and health insurance later, for the Spanish student visa

• Direct Awards (undergraduate)

  All bachelor's degrees

  Value: Merit award off tuition; amount set by IE

  Every applicant is considered automatically during admission. No separate application is needed.

  Official page

• IE Awards (undergraduate)

  All bachelor's degrees

  Value: Between 10% and 60% of tuition fees

  Submit a financial aid application while your admission is in progress. Assessed on merit and financial need.

  Official page

• IE Foundation scholarships

  Undergraduate and master's

  Value: Varies by scholarship and partner organisation

  Each scholarship has its own criteria and deadline; some are aimed at students from particular regions or with limited access to other funding.

  Official page

• Master's Direct Awards and application-based awards

  Master's and MBA

  Value: Partial tuition awards; IE says it gave more than €18 million in 2024–25

  Direct Awards are considered automatically at admission. Other awards need an application before the programme starts.

  Official page

IE began in 1973 as Instituto de Empresa, a business school founded in Madrid by a group of entrepreneurs. It built its name on the MBA and other master's courses before taking over a small private university in Segovia, which became IE University in 2008. The first bachelor's students graduated in 2013, so the university side is young even though the business school is more than fifty years old.

Today IE is an umbrella for six schools. The business school is still the largest and is the reason most people know the name: its MBA, master's in management and marketing master's appear regularly in Financial Times and QS business-school tables. Newer schools cover law, international relations and economics, architecture and design, computer science and data, and the humanities.

Business & Management courses at other universities in Spain

• University Master's Degree in Management, Organization and Business Economicsautonomous-university-of-barcelona1 year full time (60 ECTS), Faculty of Economics and Business Studies, Bellaterra · €4,500 / year
• University Master's Degree in Sports Managementautonomous-university-of-barcelona60 ECTS, 14 September 2026 to 18 June 2027; taught at the Johan Cruyff Institute (affiliated school), on campus or online · €11,520 / year
• Master in Business Administration (MBA), bilingualceu-san-pablo-university60 ECTS, Monday to Thursday afternoons and evenings · €16,000 / year
• MSc in International ManagementEsade1 year (2 years with the CEMS MIM) · €39,000 / year
• MSc in MarketingEsade1 year · €39,000 / year
• Full-Time MBAEsade12 months · €82,500 / year

More courses at IE University

• Bachelor in Computer Science and Artificial Intelligence4 years · €27,300 / year
• Bachelor in Data and Business Analytics4 years · €27,300 / year
• Bachelor in Business Administration4 years · €29,880 / year
• Master in Business Analytics and Data Science11 months full time (17 months part time) · €43,000 / year
• Master in Management15 months · €40,000 / year
• Master in Finance10 months · €42,000 / year

We researched this page on 23 Oct 2026 from the university's own pages. Fees, entry rules and intakes change every year; confirm them on the official course page before you apply. Listing a course doesn't mean Admission Mantra represents the university.

1. IE University: Master in Product Management and Design Innovation (opens in a new tab)
2. IE University: About IE (opens in a new tab)
3. IE University: application form and requirements (fee, documents, English) (opens in a new tab)
4. IE University: admissions rounds 2027–28 (opens in a new tab)
5. IE University: enrolment and credential validation (opens in a new tab)