Spain: Madrid | UNC Kenan-Flagler Business School

Spend seven weeks working for a company in one of the most beautiful and culturally rich cities in the world on the international business internship in Madrid. During this summer experience, you will apply the theories and concepts you’ve learned in class to an international working environment, learning and practicing the professional customs, behaviors and norms of another culture.

The skills you develop on this internship will transform you as a leader and give you a distinct competitive advantage in the job market. Along with practicing fundamental workplace skills and developing your facility with the Spanish language, you will demonstrate that you can work in a diverse environment, adapt to change, be a flexible problem solver and integrate successfully into a diverse and cross-cultural team—all high-demand skills for today’s globally minded employers.

Madrid is the political and economic capital of Spain and a historic and cultural center. It’s an ideal city for improving your Spanish language skills.

You will work Monday through Thursday for seven weeks at your placement company for 30-35 hours per week.

This program is run through EUSA, a third-party provider.

EUSA’s internship services include:

Internship matching in a professional practice internship, which includes mid-term review and Unpacking Your Experience workshop
Virtual pre-placement consultation meeting with EUSA Madrid placement manager, which is conducted in Spanish
Follow-up and any required trouble-shooting
On-site program management and emergency support
Seven weeks of housing with a host family
On-site program and internship orientation, including airport pickup
Cultural exploration activities program
Coordination with each internship supervisor and receipt of the supervisor’s and the student’s written evaluations

Quick Facts & Links

You must be admitted to the UNC Kenan-Flagler Undergraduate Business Program to apply for this program. Pre-business students, non-business majors and minors and non-UNC students are not eligible, with the exception of students in the Assured Admission Program (AAP). Admission status will be verified for all applicants.

GPA Requirement: 3.00
Language Prerequisite: Completion of 5 semesters of college-level Spanish
Class During Program (min): Rising Juniors
- First year AAPs are eligible to apply to this program
Language of Instruction: Spanish
Program Dates: Summer 2022: May 25 – July 16
Meet program alumni
Accessibility Resources

Application Information

Apply for a Kenan-Flagler Global Program and Global Programs scholarship through the same application system using your Kenan-Flagler credentials. Click the Apply Now button below to learn more about application deadlines, requirements, and to start your application!

Apply Now

FAQs

Academics

Please visit Global Academic Procedures for detailed credit and other academic information.

On this program, you will be enrolled in BUSI 493–Internship Credit. This 3.0 business elective credit course includes submission of reflective activities assigned by UNC and a written evaluation from a supervisor that will be included as a component of your grade. In order to receive credit for this program, you must successfully complete BUSI 493. In addition to earning business elective credit hours, this program also fulfills the Experiential Education requirement.

Program Provider

This program is run through EUSA, a third-party provider who manages all aspects of the internship placement process and the logistics of this program.

You will have an individual assessment meeting with a member of the EUSA team to clarify your skills, interests, and professional goals in order to identify an appropriate placement. EUSA draws upon their extensive employer network to find the right match. If a match does not exist in their database, their team will conduct vigorous outreach to locate a proper placement. The companies and organizations that make up the list of approved internships are carefully and regularly monitored by site visits and student assessment. Once you begin the internship, EUSA provides office hours for counseling outside the standard workday, offers mid-term reviews to ensure learning goals are being met, and acquires the supervisor evaluation at the conclusion of the placement.

Management and Safety

EUSA’s Madrid office provides management and support to students for the duration of the program. An EUSA program director will be the principal contact for you on issues of housing, safety, culture, and social life in the city. The program director is available via regular office hours, outside your normal work schedule, to answer questions and resolve problems and is available 24 hours per day via cell phone for medical, legal or other emergencies.

Social Program

EUSA provides a social program that includes group visits to historical and cultural sites, and other cultural activities.

Logistics

EUSA will arrange for airport pick up for group designated flight and third-party liability insurance.

Housing

Program Cost

We suggest you create your study abroad budget using our budget worksheet (xlsx) 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*
Expense	Estimated Amount
Program Fee**	$7,809
GeoBlue International Medical Insurance (for in-person format only)	$100

*Cashier Billed Expenses are those charges billed directly to your UNC ConnectCarolina account.
**Program fee includes $700 Global Programs Administrative Fee

Out of Pocket Estimates***
Expense	Estimated Amount
Housing (included in program fee)	$0
International Airfare	$1,500
Meals	$1,000
Passport Application Renewal	$145
International Cell Phone Plan	$140
Personal Expenses
Travel Insurance	$200
Local Transportation	$200
Personal Travel	$500
Incidentals (ex. Laundry)	$200

Other Personal Expenses**** (subject to exchange rate fluctuations)

Total Estimated Expenses:	$11,794

Withdrawal Policy: Once a student accepts their offer/enrolls on a study abroad program, the spot will be considered filled and will not be offered to another student. Students who withdraw from UBP Global are responsible for non-recoverable costs including the Global Programs Administrative Fee. Your student account will be assessed charges to cover any/all amounts that Kenan-Flagler UBP Global programs has committed or paid on your behalf and are non-recoverable at the time of withdrawal. Such costs include, housing, meals, transportation and any expenses that may be associated with faculty and support participation on your program (if applicable).

***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: our budget worksheet (xlsx) 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 global program

Scholarships & Financial Aid

EUSA, the provider for the Spain International Internship program, offers a select amount of Live, Intern, Learn Abroad Scholarships for first-time study abroad participants who meet the following criteria:

Demonstrated financial need
Member of a group underrepresented in study abroad
Willingness and ability to share their internship abroad experiences through EUSA’s social media

You can learn more about these scholarship opportunities on EUSA’s Live, Intern, Learn Abroad Scholarship page.

The Undergraduate Business Program offers financial-need and merit-based scholarships to support our students who wish to study abroad. Please visit the Scholarships and Financial Aid page to learn more.

Travel Documents

Do you have a valid passport? If yes, check your passport’s expiration date to ensure that your passport is valid at least 6 months after your program’s scheduled end date. If not, you’ll need to submit a passport renewal application.

Do you need to apply for a passport (first time or renew)? If yes, we recommend that you get started on your passport application right away as you’ll need time to collect documents like your birth certificate to include as part of your application. For complete instructions click here.

Will I need immigration documents? If you are accepted into this program you may need to travel to a Spanish consulate/embassy in the United States to obtain a visa permitting you to study in Spain. For this appointment, you will need your passport in hand along with other documentation from our office and the host university office. The program provider will provide further information upon acceptance into the program. Please set up an appointment with your Global Programs Advisor to discuss.

Meet with an Advisor

UBP students can schedule a meeting with Ben Hershey to learn more about this and other International Internship programs by emailing UBPGlobal@kenan-flagler.unc.edu.

Schedule Appointment

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