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IE School of Social and Behavioral Sciences

Master in Market Research and Consumer Behavior

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The program

The Master in Market Research and Consumer Behavior prepares young professionals from diverse backgrounds for creative or analytical careers that involve understanding markets and consumers to help companies, non-profits and governments design and promote winning products and services.

  • Expertise and impact: What do market researchers do? They are the experts who run focus groups, conduct customer and voter surveys, help design and test new products and services, analyze market opportunities, study and understand social networks, help design and track advertising campaigns, and study customers and voters to understand how they think and feel.
  • Job opportunities: There is a large and rapidly growing demand for professionals trained in market research and consumer behavior. This program is a gateway into exciting and lucrative careers in a wide range of roles and industries, for example: market research, consumer insight, product design and development, integrated communications, psychology of marketing, advertising, consulting, political campaigns, and public policy.
  • Is it right for you? If you have an undergraduate degree in marketing, advertising or any of the social sciences (psychology, economics, public relations /media, communications, etc.) or applied sciences (engineering, computer science, etc.) then you already have a solid background in areas like critical thinking, problem solving, working with data, and designing and testing your ideas. This program is designed to enhance your knowledge and skills through practical, hands-on training in the methods of market research, the psychology of consumers and citizens, and the business of marketing and advertising. If you consider yourself a creative or analytical person and are interested in becoming an expert in understanding how people behave as consumers or as citizens, then this program may be a good option for you.

The Advantage

The Master in Market Research and Consumer Behavior is an innovative program that emphasizes the development of specific expertise and skills that are needed for career success:

  • Pioneering program that combines market research and consumer behavior to give graduates a career advantage.
  • Employment-focused curriculum designed in conjunction with industry professionals and based on the needs of employers.
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Courses

The program consists of three main areas spanning in 10 months: Courses, Projects & Activities.

Courses: Cover these four key areas: Business & Marketing, Consumer Behavior, Research & Analytics, Professional Skills.

Projects: Three projects are developed during the master. The first is the Business Challenge which happens over a weekend. Teams will be assigned to solve a case & present their work in front of a panel of judges. After follows the Market Research Challenge that takes place in a 6-week period. This time teams are working on a project for a client, culminating in a presentation to the client and expert judges. The Final project is the Integration Challenge, developed over 8 weeks in teams. This covers all areas of the program, with emphasis on topic chosen by the team members.

Activities: Speakers from different industry areas (market research, advertising, consumer goods, etc) cover a variety of current/hot topics companies are dealing with. This is complemented by hands-on workshops to give students practical skills in tools, methods in topics such as social media, web mining, and market intelligence among others.

See full list of classes: here.

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Projects

The program provides students with three intensive opportunities to gain practical, hands-on experience in applying their acquired knowledge and skills to real-world problems:

  • The Business Challenge - takes place over a weekend during the first period of the program. Teams work to solve a marketing case and present their recommendations to a panel of experts.
  • The Nielsen Market Research Challenge – runs for 6-weeks during the second period of the program. For the 2012 program, Nielsen will introduce the challenge, provide the data, and host the panel of judges who will evaluate each team's results. This is a fantastic opportunity for our students to gain practical experience and work with one of the global leaders in market research.
  • The Integration Challenge –developed over 8 weeks in the third period of the program. Teams are self-organized based on common interests and may opt to pursue data-intensive projects, creative projects, psychological studies, projects for real clients, business plans or any other substantive project that meets the objectives of the challenge.
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Student Profile

The program is appropriate for both graduating students and young professionals who are looking for a way to pursue exciting and well-paying market research jobs in the private or public sector.

It welcomes graduates with backgrounds from disciplines such as Marketing, Advertising, Social Sciences (Psychology, Economics, Sociology, others) and Applied Sciences (Computer Science, Engineering, others).

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Structure

The degree consists of three core modules that provide practical training in: (1) Marketing, Advertising & Communication, (2) Consumer Behavior and Psychology, and (3) Market Research & Analytics. Students conduct a substantial real-world project to gain invaluable hands-on training to help them jump-start their careers. Students also receive advanced training in Leadership to develop their skills in influence and persuasion, teamwork, and verbal communications.

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Careers

Our graduates face a large and growing job market in which there is a high demand for multi-skilled professionals who are able to conduct market research, understand behavior, and translate their findings directly into business decisions. Market researchers work in a wide range of roles in marketing, product development, advertising, public relations, communications and media, consulting firms, non-profits, political campaigns, and public policy. And because understanding markets and consumers is critical to the success of an organization, there are many upward paths for professionals who begin their career in market research.

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Detailed Information

Your Future - IE & Beyond

If you decide to join us at IE, you will be part of more than a Masters program. Your learning will go beyond the academic courses, and extend to a rich array of on-campus and off-campus activities, and to the cultural and professional life in the city of Madrid. You will benefit greatly from your classmates in the program, from relationships with students in other programs at IE University and IE Business School, and from your relationships with faculty.

During the 10-month program, in addition to gaining expertise in market research and consumer behavior, you will grow as a person and as a professional, make lifelong friends, learn/improve your Spanish, and take part in an unforgettable period of your life in Madrid. Upon graduation, you will become part of the IE community, with access to our global alumni network over 40,000 IE graduates, as well as to our Careers Management Center which will provide you with lifelong career services.


Your Life

If you decide to enroll in our Master in Market Research and Consumer Behavior, you will join a thriving community of more than 85 different nationalities that come to IE in Madrid each year for world-class graduate education. Madrid is one of the great cities of Europe, and IE’s campus is centrally located in the beautiful Salamanca neighborhood – only a few stops on the metro from the cultural and historical center of city, and from the many neighborhoods that make up the life of Madrid.

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Your Career

Companies, non-profits and governments are struggling to design their products, services and policies to better meet the needs of their customers and constituencies. As a result, there is a large and growing demand for market research and consumer behavior professionals who can collect, analyze, and interpret information about how people think, feel and make choices.

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Your Network

Being part of the IE Community is more than just being a student. It's also about being a part of a global network of people sharing a set of common goals and ethical values. You will build a network of contacts with your classmates, professors, and associations and clubs, as you will benefit from the corporate relationships that IE has fostered over the years.

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Detailed Information

How to Apply

At IE, we seek dynamic, motivated, creative candidates with excellent academic and/or professional backgrounds who have the potential to develop interpersonal and leadership skills demanded of top professionals. If you think that the Master in Market Research and Consumer Behavior is right for you, you can browse the links below to learn more about how to apply, how to finance your program and the next steps you need to take to join us.

Admission is granted on a rolling basis and although early application is recommended, there is no deadline for applications for a particular intake. Admission is valid for two years.


Admissions Process

Our rigorous selection process is geared towards selecting those candidates that demonstrate the highest potential. The process is divided into three steps:

  • Submission of application form and documents
  • Personal Interview
  • Final decision

The admissions process is a rolling process and as such there is no deadline for application for a particular intake. More information on the Admissions Process in our Detailed Information.

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Requirements

To be considered for admission, a candidate should provide the following:

  • Evidence of completion of a Bachelor degree (or equivalent) from an accredited university. Note: Previous exposure to undergraduate-level statistics is helpful (but not required)
  • One-page CV
  • Two letters of recommendation
  • Official university transcripts (certified translation into English or Spanish)
  • English language certificate for non-native English speakers (Cambridge Proficiency, TOEFL, IELTS, EOI). A certificate is not required if you completed an undergraduate degree in English
  • Entrance Exam (GMAT, GRE or IE Admissions Test)
  • Photocopy of current passport
  • One passport-size photo
  • Duly completed application form, including all supporting documents
  • Application fee 125€ (non-refundable and payable by credit card or cash)
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Course Fees

Candidates pay a non-refundable application fee of 125€ to cover administrative costs.

The tuition fees for the Master in Market Research & Consumer Behavior for the October 2014 intake total 23,200€, including a 1,200€ contribution to the IE Foundation.

IE Financial Aid Department currently offers a range of scholarships and other financial aid options to help you fund your studies in the Master in Market Research and Consumer Behavior. To learn more, click here

Admission is valid for two years, allowing the successful applicant up to two years to reserve a place on an intake, thus allowing students to plan their experience. To reserve a place on the Master in Market Research & Consumer Behavior, intake students are required to make a deposit of 4.000€ + the contribution to the IE Foundation(1,200€)

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Detailed Information

Documents

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