Spain: Madrid | UNC Kenan-Flagler Business School

2026 Information will be updated by October 1st

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. You will also have the option to add a 1-week intensive Spanish course to your program.

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 fluency 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
Virtual pre-placement consultation meeting with a EUSA Madrid Placement Manager, which is conducted in Spanish
Follow-up and any required trouble-shooting
On-site program management and emergency support
Seven and one-half 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
One week, 25-hour intensive Spanish language course (optional)

Quick Facts & Links

Eligibility:
- UNC Kenan-Flagler Business Administration Majors, Business Administration Minors, Real Estate Minors, or Business of Health Minors
- Admission status will be verified for all applicants.
Language Prerequisite: Completion of 5 semesters of college-level Spanish. Students have the option to add a 1-week intensive language course, which includes 25 hours of instruction.
Academic Minimum Standing:
- Rising Juniors
Summer II Course: BUSI 393 (virtual)
Language of Internship: Spanish
Program Dates:
- Summer 2025: Arrive by Wednesday, May 28, 2025; Depart Saturday, July 19, 2025
- (Departure is July 26th if opting for the 1-week intensive Spanish course)
Info Session (presented by EUSA):
- In Person: Tuesday, Nov. 19, 2024 2:30pm-3:30pm, McColl 3250
- Virtual: Tuesday, Nov. 19, 2024 Noon (Register)
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!

Applications are due January 15, 2025 at 9pm

Please note that you must meet with a UBP Global Programs Advisor and/or attend an international internship information session in order for your application to be considered for this program.

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 393–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 addition to earning business elective credit hours, this program also fulfills the Experiential Education/High-Impact Experience 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. They have 40 years of experience placing students abroad.

You will have an individual internship consultation 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 arrive in-country, EUSA will provide full support and pastoral care for all aspects of your program through to your departure day. During your internship, EUSA will check in with you at the mid-point to gather feedback to ensure your learning goals are being met and to see how things are going, and will also collect final evaluations from your internship supervisors once your program concludes.

Management and Safety

EUSA’s Madrid office provides management and support to students for the duration of the program. The Madrid Director is available via regular office hours and is happy to meet with you to answer any questions you may have or assist in resolving any problems that may arise. The Madrid team is also available 24 hours a 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 without 1 week intensive Spanish course**	$8,973
Program Fee with 1 week intensive Spanish course**	$10,360
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	$165
International Cell Phone Plan	$150
Personal Expenses
Travel Insurance	$200
Local Transportation	$200
Miscellaneous	$500


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

Total Estimated Expenses without Spanish course:	$12,766.44
Total Estimated Expenses with Spanish course:	$14,163.80

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

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 Dr. Brian Peters or a Global Advisor to learn more about this and other International Internship programs by clicking on the “Schedule Appointment” link below.

Schedule Appointment

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