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Memorandum of Understanding with Universitat Pompeu Fabra, Barcelona

IIT Bombay signed a Memorandum of Understanding with Universitat Pompeu Fabra, Barcelona on 26/11/2017 under the Erasmus+ programme. Under the Erasmus+ programme, Inter-institutional agreement can be signed by two or more higher education institutions (HEIs), at least one of them must be located in the Programme Country of Erasmus+. Higher education Institutions have to agree on the period of validity of this agreement. There are 28 countries in the Erasmus+ Programme. Clauses may be added to template to make agreement suitable to the nature of institutional partnership.

Under the agreement the partner institutes agree to cooperate for the exchange of students and/or staff. They commit to respect the quality requirements of the Erasmus Charter for Higher Education in all aspects of the organisation and the management of the mobility, in particular the recognition of the credits(or equivalent) awarded to students by the partner institution also commit to sound and transparent management of funds allocated to them through Erasmus+. The partner institute agree to provide a statistical distribution of their grading to facilitate the interpretation of grades to transfer the credit by the sending institution. The sending and receiving institutions will provide for assistance, when required in securing visas to the students. The sending and receiving institution will also provide for the insurance for the students under the exchange programme. The receiving  institute is also assumed to assist the exchange students to find accomodation.

Pompeu Fabra University (Catalan: Universitat Pompeu Fabra, pronounced [uniβərsiˈtat pumˈpɛw ˈfaβɾə]; UPF) is a public university in Barcelona, Catalonia, Spain. The Universitat Pompeu Fabra is a highly regarded Catalan and Spanish university, created by the Autonomous Government of Catalonia in 1990, named after the linguist Pompeu Fabra, an expert on the Catalan language, credited with standardising this once-disused language and revising it, giving it the status it holds today.

It was designated as an “International Excellence Campus” by the Spanish Ministry of Education in 2010. The university is a modern institution based on the model of the high-powered American research university with controlled admissions and an emphasis on rigorous instruction and research.

An internationally renowned institution, UPF has recently been rated as the top Spanish university by the (London) Times Higher Education Supplement, and it is firmly in the upper echelon of Spanish universities in other rating schemes. Academically, it is the only Spanish and Catalan university along with the Autonomous University of Barcelona among the top 150 best in the world according to Times Higher Education academic classification of universities (140th and 147th place respectively) and it is one of the 7 fastest-rising young universities in the world, according to the same ranking. It ranks first in the national ranking of scientific productivity since 2009.

The university has begun to figure prominently in many international rankings. Its studies on the Economics field have been ranked among the top 50 worldwide, 23rd for Economics and Econometrics in the QS World University Rankings by Subject and 40th for Business & Economics in the Times Higher Education Rankings.

The university's Faculty of Economic and Business Sciences is the first and only faculty in Spain (public or private and for any discipline) to be awarded the Certificate for Quality in Internationalization granted by a consortium of 14 European accreditation agencies.

In 2010, the university was awarded as Campus of International Excellence.