Spain, officially the Kingdom of Spain, is a sovereign state and a member state of the European Union. It is located on the Iberian Peninsula in southwestern Europe. Spanish universities regulate access to their degrees, and they fix the academic fees. They can also offer unofficial postgraduate degrees. Madrid has the largest number of bars per capita of any European city and a very active nightlife.

Business professionals looking to build on their education and experience may pursue a Global MBA. This degree program prepares students for leadership positions in multinational companies or entrepreneurial endeavors and often includes study-abroad opportunities.