UNC Kenan-Flagler Business School

Semester Study Abroad Programs

Spain: ICADE

Student Life
  • Overview

    Kenan-Flagler Global Programs (KFBS semester exchanges, KFBS summer programs, and KFBS short-term immersions) are ONLY open to students who have been admitted to the major or minor Undergraduate Business Program. Pre-business students and non-business majors and minors are not eligible to apply to Kenan-Flagler Global Programs. Admission status to the Undergraduate Business Program will be verified for all applicants.

    A NOTE ABOUT PASSPORTS AND VISAS: It is strongly recommended that students have in their possession by the application deadline a valid passport with an expiration date no earlier than 6 months after the program end date. Due to visa regulations, students should consult their study abroad advisor before making international travel plans prior to the program start date. Students accepted into this program will need to travel to a Spanish consulate here in the United States, with passport in hand, to obtain a visa permitting them to study in Spain.

    The ICADE Business School is part of the larger Universidad Pontificia Comillas, a private Jesuit university, known for its academic excellence and focus on core values. Exchange students study in the Facultad de Ciencias Economicas Empresariales, which is located in central Madrid. The campus has a vibrant student life with clubs and sports facilities open to visiting students.

    *Students are required to study Spanish throughout their stay. The program offers courses in both English and Spanish; students may enroll in the courses taught in the foreign language provided they have completed at least the minimum prerequisite level of Spanish.

    Visit the program's website

    View program evaluations from past participants

    Application checklist


    • GPA Requirement: 3.00 
    • Language Prerequisite: 4 semesters
    • Class during program (min): Junior
    • Language of Instruction: English/Spanish
    • Non-UNC may apply? No 

    Exchange Options
    • Undergraduate Exchange: Yes Exchange Only 
    • Graduate Exchange: No

    Next »
  • Program Terms and Dates

    This program is offered during the following terms: Fall, Spring

    Program dates are generally as follows:
    ​​​Fall -Late August to Mid December
    ​​​Spring​ - ​Early January to Late May
    Spring 2018 dates are January 10 - May 23

    Application Dates

    Fall 2019 Program:

    • ​​Application opens: November 1, 2018
    • Application deadline for Fall 2018: February 21, 2019
    • Notification begins: March 8, 2019
    Spring 2020 Program:
    • Application cycle opens: March 1, 2019
    • Round 1 application deadline for Spring 2019: April 11, 2019
    • Round 1 notifications begin: April 26, 2019
    • Round 2 application deadline for Spring 2019: September 5, 2019
    • Round 2 notifications begin: September 13, 2019

    « PrevNext »
  • Academics

    Credit information for KFBS students

    Students take business core and elective courses at ICADE that transfer for the undergraduate business major or minor. As Kenan-Flagler participants are required to take some of their business coursework in Spanish, it is crucial that students have an appropriate language level.

    Courses taken at ICADE will transfer back to UNC Pass/Fail. Achieving a grade of 5 (out of 10) or above will transfer back to UNC as a pass course, which will not affect UNC GPA. Students who receive any grade under 5 will fail the course and an F grade will transfer back to UNC, which will affect their UNC GPA. Though transfer credit for this program is Pass/Fail, future employers and graduate schools will also look at the ICADE transcript, so grades are important.

    Students participating on this program will transfer back 3.0-3.6 UNC credits for every 5-6 ECTS credit course, and are expected to take between 4-6 courses during the semester. Students are required to take an overall minimum of 20 ECTS (worth 12.0 UNC credits) and a maximum of 30 ECTS (worth 18.0 UNC credits), and must earn the grade of 5 or above in order to transfer their credit back to UNC. The maximum number of BUSI credits a student can earn in any one given course is 3.0 UNC – for 6 ECTS courses, the remaining 0.6 UNC credits earned will transfer for general elective, non-business hours towards graduation. The total amount of ECTS credit taken in a given semester is converted given our transfer credit equation of 1 ECTS = 0.6 UNC, then rounded down to the nearest half credit.

    This program also fulfills Experiential Education and you will earn points towards the Kenan-Flagler Inclusive Global Leadership Initiative. Full-time enrollment on this program is defined as a minimum of 12 credit hours.« PrevNext »
  • Housing

    While UP Comillas does not have dormitories for local or international students, there is a housing service at the university that provides guidance on available options. On this program, students may choose to live with a host family, share an apartment with other students, or reserve a room at a student residence in Madrid.

    « PrevNext »
  • Student Life

    As the political and economic capital of Spain, Madrid is a great location for students to immerse themselves in Spanish culture and learn about this important and dynamic country. Madrid is an ideal city for students wanting to improve their Spanish language skills.

    As an historic and cultural center, Madrid offers many world-class museums as well as the grand Palacio Real and many beautiful churches. Madrid is a great city for outdoor enthusiasts, who enjoy the many green spaces and the Parque Retiro. Modern-day Madrid has much to offer in the way of sports, shopping, nightlife, and delicious cuisine.

    « PrevNext »
  • Budget

    Here, you will find a list and links to costs related to this program.
    Last cost update: December 2018

    We suggest you create your study abroad budget using this worksheet to help you think about your costs on this program:

    • Populate the figures from the tables below into the left side costs of attendance
    • Input your financial resources on the right

    Your customized budget sheet can help determine your current financial status, and help you understand what additional funding you may need to help make this an affordable program option.

    Cashier Billed Expenses*:

    UNC Tuition and Fees
    Take the amount on the Tuition and Fees line and divide by 2 to get your semester tuition and fees cost

    Fee UG Business major/minor
    Based on major/minor enrollment
      Study Abroad Fee $700

    GeoBlue International Medical Insurance

    *Cashier Billed Expenses are those charges billed directly to your UNC ConnectCarolina account.


    Out of Pocket Estimates**:

    International Airfare

      Meals $2,500
      Immigration Visa/Residence Permit

    Passport Application Renewal
      Course Materials $50
      International Cell Phone Plan $350
      Personal Expenses
                Travel Insurance $400
                Local Transportation $250
                Personal Travel $1,500
                Incidentals (ex. Laundry) $350
                Shopping/Souvenirs $150
                Other Personal Expenses***  
      Total Estimated Expenses: In-State  $17,710
      Total Estimated Expenses: Out-of-State $30,724

    **Out of Pocket Estimates are based on the cost of the program, which is determined by combining the average costs our previous students have spent in each of these categories, along with the costs our partner provides to us as their averages. These estimates are subject to change based on exchange rate fluctuations, bank fees, and individual variances in costs of living.
    ***Other Expenses: the budget worksheet also has a place for you to input other expenses outside of the out-of-pocket estimates that you may incur, such as attending concerts or sporting events.

    Funding your study abroad program

    « PrevNext »
  • Accessibility

    Please make an appointment with a Kenan-Flagler Global Programs Advisor via the Intranet if you would like to discuss this program. We work with students who are registered with the Accessibility Office or who may require certain accommodations for study abroad.

    Accessible Madrid

    « PrevNext »
  • Applicants will upload the following items depending on their application type:

    X X X
    Resume X X X X
    UNC Transcript X X X  
    Reference X
    X X  
    Course Schedule X
    Scholarship* X
    X   X
    Campus Safety/Honor Code* X X X X

    *Indicates that uploads may not be required. Click here for additional information and application instructions.

    Apply Now!

    « Prev