In this post you will find the best neighbourhoods to live right next to your school, because time is precious!
1. Barrio de Salamanca
It is one of the most beautiful neighbourhoods of Madrid and it is close to metro Line 9
2. Barrio de Prosperidad
It is a pretty affordable neighbourhood that is at walking distance from IE with many stores and places to eat and drink. The closest metro line is Line 4.
3. Barrio de Chamberí
Also close to Line 4, it is one of the best neighbourhoods for students. You will be very close to the Madrid nightlife and your school! great combination!
If you want to leave in another neighbor for whatever reason, madrid is pretty well connected so as long as you are near a metro station you will be fine (or you can also take the bus).
The MIMs are usually located in the building MM4 (Calla Maria de Molina 4) thus the closest metro station is Gregorio Marañon which has line 7 (orange) and 10 (dark blue).
If you are an MBA student you will be located in MM31 and the nearest metro would be Av. De America which contain line 4 (brown), 6 (grey), 7 and 9 (purple).