Talent & Human Capital

Madrid has a high concentration of universities, research, development and innovation centres and international business schools. These produce highly qualified professionals and a very competitive labour force in one of Europe’s key markets.

DIVERSE AND WELL-TRAINED POPULATION

  • More than 6.7 million people live in Madrid
  • Nearly 30% of its inhabitants are from other regions in Spain, and a further 20% are from a wide range of other countries, shown by the 180 nationalities present in the city
  • 49.1 % of the adult population (between the age of 25-64) have graduated from higher education

 

SOURCES: COMUNIDAD DE MADRID, 2019; REDIE, 2019

HIGHLY QUALIFIED PROFESSIONALS WORKING AT VERY COMPETITIVE RATES

 

  • Labour force (2019) of 3.5 million
  • 63.4% of the working population in Madrid is highly qualified, which is nearly 5% higher than the rest of Spain sitting at 58.7%
  • Labour costs in Spain are 20% less than the European Union average, and 31% less than the average for countries in the Euro Zone

 

SOURCE: INE, 2019

OUTSTANDING PUBLIC AND PRIVATE EDUCATION SYSTEM

SOURCES: COMUNIDAD DE MADRID, 2019; COMUNIDAD DE MADRID, 2019

  • Madrid has 764 bilingual educational institutions, which allows more than 318,000 children and young people to study in another language, mainly in English
  • The region has 15 universities (7 public and 8 private) and 15 centres of education in higher art
  • In 2019 there were 317,577 students attending higher education in Madrid, representing the largest amount in Spain and one of the highest in Europe
  • There are 4 top international business schools in Madrid that possess the triple Crown accreditation, an award achieved only by 1% of business schools around the world

FAVOURITE DESTINATION FOR INTERNATIONAL STUDENTS

  • Since 2001, Spain has been the favourite destination for Erasmus students, and Madrid has become the favourite city
  • Madrid has a wide and diversified range of courses (many of them in other languages) and an appealing socio-economic life style. It is also known for being an open city, a great meeting place and a great environment for coexistence