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 own degrees and they fix the academic fees. They can also offer unofficial postgraduate degrees. The capital city Madrid has possibly the largest number of bars per capita of any European city and a very active nightlife.

An executive MBA, or EMBA, is a graduate level business degree. An executive MBA program is a lot like a regular MBA program. The main difference is that an executive MBA program is primarily designed to educate working executives, managers, entrepreneurs, and other business leaders.