Carlos III University of Madrid is a public university in Madrid, Spain. It is an institution with a distinctly international profile. It offers a broad range of master's and bachelor's degree programs in English and nearly 20% of the student body is made up of international students. It is the first university in Spain and the third in Europe in the number of its students participating in the Erasmus student exchange programs. The university has a strong reputation in business subjects, Economics, for which it is regularly ranked amongst the top 50 institutions worldwide. It is known for its high academic demand to degree students. It also holds the highest admission grade requirement in Madrid for several degree programs such as Business, Law, Political Science, Economics, International Studies, Accounting, Journalism or Biomedical Engineering. The university's motto is “Homo homini sacra res” ("Man is a sacred thing to man"), a quote adapted from Seneca.