IE Business School
IE Business School was founded in 1973, and is centrally located in Madrid’s financial district. IE Business School takes advantage of its international appeal and urban environment to build strong student, faculty and alumni communities. In addition to the school’s full-time International MBA, IE Business School offers a part-time online Global MBA, three part-time executive MBA options, and dual degrees with the International MBAs.
FAQ
What is the tuition for IE's MBA program?
The tuition for IE’s MBA program is €82,300 per year.
What is the average GMAT score for admission to IE's MBA program?
The average GMAT score at IE is 680.
What is the minimum number of years of work experience required for admission to IE's MBA program?
IE requires a minimum of 3 years of work experience.
What is the average starting salary for graduates of the IE MBA program?
The average starting salary for IE MBA graduates is €113,770.
How long is IE's full-time MBA program?
The International MBA at IE can be completed in 11, 15 or 19 months.
Admissions
Class Profile
Around 400 students attend IE Business School’s MBA program. Forty percent are women. Ninety-two percent of the class hailed from outside Spain, representing 44+ nationalities.
During their undergraduate years, 41% had studied business and 30% engineering. Twelve percent had majored in economics and 5% in sciences or law.
Application Procedures
IE offers rolling applications, so there are no deadlines for submissions, and admission is valid the intake to which a student applied and the following intake. However, IE recommends students apply as soon as they are ready, especially as placements in the program are awarded on a first-come, first-serve basis. The application requirement for IE include completing the school’s online application form and submitting a one-page résumé/CV, one essay, contact information of two relevant or professional references, a €150 nonrefundable application fee, official university transcripts (certified translation into English or Spanish, and if applicable), proof of a bachelor degree from an accredited university, a passport size picture, a photocopy of one’s current passport. Applicants must also submit GRE, GMAT or IE Global Admission Test scores. If applicable, IE also requires English-language results from either TOEFL (100 minimum), IELTS (7.0 minimum), Duolingo English Test (130 minimum) or a Cambridge Advanced level. After submitting the application, students will receive a link to the online assessment, which consists of answering three live questions – two video responses and one written response. Interviews are by invitation, can be in-person or online, and are conducted by an Admissions Team manager.
Application Checklist
- Online Application Form
- Proof of a bachelor degree from an accredited university
- Contact information of Two References
- Essay
- One-Page CV/Résumé
- Passport size Picture
- Photocopy of current passport
- Official University Transcripts (certified translation into English or Spanish, if applicable)
- GMAT, GRE or IE Global Admissions Test scores
- TOEFL/IELTS/Duolingo Score or Cambridge Advanced level (if applicable)
- €150 Nonrefundable Application Fee
Essay Topic Analysis
Recommendation Questions
IE Business School Q&A's
IE Business School LiveWire and DecisionWire
Academics
Faculty
IE Business School students have access to over 150 full-time and visiting faculty spread across 11 academic areas including accounting & management control, economics, entrepreneurship, finance, marketing & communication, and more. Besides teaching, the faculty publish research in journals, books, case studies, and collaborate with companies to address real-life needs and problems.
Curriculum
The IE full-time International MBA (IMBA) can be completed in 11 months, 15 months or 19 months (the latter option for dual degrees). Classes are taught in English.
Students can begin the program in September or January for all three duration options. Before the start of the first term, all students, particularly those without a business background, are invited to complete the pre-program Bridge to Business module, which covers basic business subjects from accounting to quant methods. Then, each MBA option begins Term 1. During this time, full-time MBA students take two modules of “Business Foundations” with coursework focused on foundational subjects, such as entrepreneurship, finance and data analytics. Term 2 for the 11- and 15-month options is known as the Concentration period. Over 12 weeks, MBA students deep dive into the concentration area most aligned with their career path. A concentration consists of six courses, all of which are mandatory for any given concentration area.
In Term 3, IE follows the Concentration phase with a Lab or Internship period for the 11- and 15-month options. MBA students can choose from two options: pursuing an internship or working in a team on a real-world business problem (Lab). For the Lab Period, students can choose one of four options to focus on, which include social impact, tech, business impact, or developing a startup. The final component of the MBA program for the 11- and 15-month options is an integrative exercise of a self-selected relevant business problem and a corresponding credible approach and/or solution.
Throughout the IE MBA program, students participate in the Impact Skills Accelerator (a series of skill-based workshops), the Career Discovery Accelerator and job prep and search.
Other MBA Degree Options
Along with its full-time International MBA program, IE offers a part-time (18 or 24 months) Global Online MBA program with a blended format and an online format. The 16- or 20-month Executive MBA offers either a fully in-person format held in Spanish, or a blend between online courses and in-person Madrid class sessions held in English. The part-time (20-month) Global Executive MBA program also uses a blend of both online and in-person class sessions in Madrid, Oxford, Singapore, and Los Angeles, with all classes held in English. There is also a 15-month EMBA program in partnership with Brown University, which generally enrolls students with over 10 years of work experience.
Degree Offerings
Full-time International MBA
https://www.ie.edu/business-school/programs/mba/international-mba/
Global Online MBA (part-time)
https://www.ie.edu/business-school/programs/mba/global-online-mba/
Executive MBA
https://www.ie.edu/business-school/programs/mba/executive-mba/
Global Executive MBA
https://www.ie.edu/business-school/programs/mba/global-executive-mba/
IE Brown Executive MBA
Dual Degrees with International MBA
https://www.ie.edu/business-school/programs/mba/dual-degrees-with-international-mba/
Campus Life
Clubs, Conferences and Competitions
IE students have access to more than 150 clubs and extracurricular activities, from sports to hobbies to professional interests. The most popular clubs for MBAs include IE Sports & Wellbeing, IE Net Impact Club, and IE Women in Business. IE University has a Campus Life office to help facilitate student-led initiatives, and host speakers and annual events on campus.IE University’s Entrepreneurship & Innovation Center offers support for aspiring business founders through training workshops and clinics. Its Area 31 incubator space can accommodate up to 100 startup teams per year, and is available to students and alumni.
Campus Spaces
For International MBA studies, the IE Business School is at IE University’s campus for master’s students in the María de Molina section of Madrid, near the Nuevos Ministerios metro station. The International MBA program is housed in the María Molina 31 building, which includes 7,000 m2 of classrooms, syndicate rooms, co-working areas, video conference facilities, the IE University Library, and more. The IE University’s school’s Student Services office for master’s students is also in the María Molina 31 building to help incoming MBA students with their arrival in Madrid, helping with everything from securing a Spanish visa and off-campus living accommodations, to setting up a Spanish bank account and finding healthcare services.
MBA Careers
Career Services
The IE Talent & Careers Department provides many ways for students to develop professionally the moment they enroll at IE. Besides the professional development embedded into the curriculum, the Talent & Careers team provides one-on-one coaching, designing a career strategy, perfecting personal job materials (CV, LinkedIn, etc.), ad-hoc career training, and more. Students also have lifelong access to the school’s online Career Portal. The school continuously hosts on-campus and virtual international recruitment opportunities for MBA students, including the IE University-wide biannual Careers Forum and MBA Talent Days.
Career Statistics
For graduates of the IE MBA Class of 2024, the most popular industry was technology, as 21% of graduates selected that path. Finance and industrial followed at 18% each. Consulting took in 17%. Eight percent of students started their own business after graduation.
Thirty-one percent of the class stayed in Spain and 16% moved to the rest of Europe. Latin America welcomed 22% of the 2024 class and 16% headed to Asia.
Financing
IE’s tuition for the 11 and 15 month durations is €82,300. With additional fees such as living expenses, health insurance, and a one-time contribution to the IE Foundation of €1,200; however, the estimated cost of attendance is over €100,000. The school offers awards and scholarships. Students are automatically considered for merit-based awards, while scholarships, which include fellowships, require a separate application. IE offers the Laidlaw Women’s Leadership Scholarship, which covers 50 to 100 percent of tuition fees, for at least 14 International MBA and/or Executive MBA female candidates per academic year. In the 2023-2024 academic year, the school awarded over €12 million in financial aid to its masters students.
Recent News
Contact
Mailing Address
Calle María de Molina, 31
28006 Madrid, Spain
Phone: +34915689600
Email: [email protected]
Website: http://www.ie.edu/business-school/
Blog: https://www.ie.edu/uncover-ie/
X (Twitter): @IEbusiness