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IE Business School

Instituto de Empresa (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 one-year, full-time International MBA, IE offers part-time and executive MBA options.

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IE Business School students have access to more than 100 full-time faculty, who teach across 10 academic departments, such as accounting and management control, economic environment, entrepreneurship, finance, marketing and more. They also regularly publish research projects as well as present their work at global lectures and conferences.


The IE full-time International MBA (IMBA) is a one-year program broken into two semesters. It begins the first week of September through December for the fall term and runs from mid-January through late April for the spring term. Classes are taught in both English and Spanish. During their first year, full-time MBA students enter a “Streamlined Core Period” with coursework focused on business fundamentals. The curriculum also covers innovation and design, critical management thinking, and entrepreneurship, beyond the typical basics of finance and statistics.

The four-part, initial core period includes two entrepreneurial development classes; five finance courses to master business fundamentals; three management courses around operations, strategy and leadership; and three “thinking beyond business” courses that explore critical management thinking, digital innovations, and the intersection of business, government and society.

IE follows the core phase with an accelerated lab period. IMBA students can choose from two options: starting his/her own business in the Start-Up Lab, or joining an existing company in the Business Impact Lab. Either option allows students a distinct experiential learning endeavor in which they can apply their core education and creativity to develop business innovations. Mastering big data challenges, corporate strategy implementation, board dynamics, and change management are some of the elements explored through this Business Impact Lab. In the Start-Up Lab, students are immersed in challenges like how to navigate the start-up ecosystem, mastering the entrepreneurial toolkit, generating market traction, and corporate social responsibility.

The final phase of the IMBA program is the elective period, during which students customize their studies. They offer a wide array of focal areas divided into such categories as human resources, strategic management, information systems, legal studies, information and control, marketing, financial management, operations, and more. Within those subjects, IMBA students can take on consulting projects in partnership with the Wharton School of Business; join long- or short-term exchanges with Yale University and other partner schools; intern for up to 10 weeks; and practice investor relations in the IE Venture Lab. The period concludes with a final integrative exercise of students’ case studies before a faculty jury.

Following the final exercise, a select group of students are invited to participate in IMBA Unplugged, an extension of the regular program that involves long-exchange, dual-degree, or post-academic internship options that may include additional studies at MIT, Brown, Tufts, or other partner institutions.

Throughout the IMBA program, students participate in a weekly Professional Fitness program that develops career goals, personal branding and strategies, and behavioral fitness for stronger interpersonal relationships and communication.

Other MBA Degree Options

Along with its one-year, full-time International MBA program, IE offers a part-time (15-month) Global MBA program with classes held both online and with short in-person periods on campus. The part-time (15-month) Executive MBA program is offered in both English and Spanish, and also utilizes a blend of both online and in-person class sessions. There also are 13- or 15-month MBA programs in partnership with Brown University and Singapore Management University, which generally enrolls students with an average of 7 to 15 years full-time work experience.

Degree Offerings

Full-Time International MBA

Part-Time Global MBA

Executive MBA

IE Brown Executive MBA

IE-SMU Executive MBA

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Clubs, Conferences and Competitions

IE students can participate in more than 60 clubs and extracurricular activities from sports to hobbies to professional interests. The school has a Campus Life office to help facilitate student-led events and programs, with the goal of bringing together members of the diverse student body, connected by common interests. Clubs span Women in Business, International Relations, E-Commerce, Asia-Pacific Business and other professional groups; plus geographic clubs representing more than 20 countries; and sports, social and recreational groups with interests in everything from music and wine, to military veterans and yoga.

The Entrepreneurship and Innovation Center is one of the departments that extend classroom education to the “Area 31” incubator space. It hosts team events in a fun space where students and local entrepreneurs can share ideas and experiences. Through IE’s Entrepreneurial Management section, more than 1,500 students find extra training through corporate leaders, alumni, and other professionals.

Campus Spaces

For International MBA studies, the IE Business School campus is centrally located in Barrio de Salamanca, the financial district of Madrid. Its 17 buildings are located either along or near Calle Maria de Molina, near the Gregorio Marañón and Avenida de America metro stations. The campus offers library, classrooms, auditorium, student lounges and work spaces each just a few minutes walk from each other. The school’s Student Services office is available 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 mobile-phone service and finding a doctor.

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Career Services

The Careers Management Center provides many ways for students to develop professionally during their time at IE. These services include print and digital resources like the IE CV Book containing full-time job listings and internship openings, workshops with experts in career design, and career advising with industry-specific advisors. The school brings more than 50 yearly company presentations and networking sessions to campus, including the annual International Career Fair — taking full advantage of the strategic partnerships and well-established recruiter relations between IE and its various professional alliances. Practice interviews, résumé preparation, and job-application reviews also are part of the online career tools available to MBA students. The Career Management Center also hosts alumni and recruiter networking events around the world, all year round.

Career Statistics

About 90% of IE’s full-time IMBA Class of 2016 graduates looking for jobs secured them within three months of graduation. The most popular industry was technology, as a fifth of graduates selected that path. Financial services followed, claiming 18%. Consulting and consumer goods each took in 15% of graduates. Nine percent chose to pursue manufacturing, while the remainder spread out across healthcare, energy/mining, and several other fields.

Thirty-four percent of the class stayed within the European Union, while another 31% moved to Latin America.  North America and Asia each welcomed 11% of the Class of 2016, and 5% headed to MENA.

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Class Profile

The Class of 2018 is estimated to have 410 students. Upon matriculation at IE, students averaged 29 years in age with five years of full-time work experience. The average GMAT score of incoming students was 670, with the 80% range falling at 600 to 770. In total, 91% of students are international, and 30% are women.

Application Procedures

IE offers rolling applications, so there are no deadlines for submissions for semesters that begin in early September and early January, and admission is valid for two intakes. The application requirements for IE begin with three years of work experience, along with completing the school’s online application form and submitting three essays, a résumé, two letters of recommendation, $133 (€125) application fee, and transcripts from each college attended as well as a bachelor degree diploma, photograph, and passport or other international identification. Applicants also must report their GMAT, GRE or IE Global Admissions Test scores; and English-language results from either TOEFL (100 minimum), IELTS (7.0 minimum), or Cambridge (C1 minimum), or Pearson (73 minimum). Interviews are required upon notification by the Admissions Office.

Application Checklist

  • Online Application Form
  • Three Essays
  • Minimum Three Years Work Experience
  • Two Letters of Recommendation
  • Résumé
  • Photo and copy of passport
  • Transcripts for College/Graduate Work
  • GMAT, GRE, or ieGAT
  • TOEFL/IELTS Score or Other Language Certificate
  • $133 (€125) Application Fee

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IE’s 2018-2019 tuition is approximately $84,858 (€72,200). With additional fees such as living expenses, health insurance and transportation, however, the estimated cost of attendance for one year (two semesters) is approximately $107,313. The school offers more than 60 types of scholarships in addition to different IE Fellowship Awards. Both fellowships and scholarships are awarded for merit as well as economic need. Overall, about 40% of all IE master-degree candidates earn financial aid of some kind. In particular, IE offers scholarships for women thanks to a special fund endowed with approximately $6.4 million, and about 49% of female IE students receive financial assistance.

Estimated Cost of Attendance

  • Tuition: $84,858 (€72,200)
  • Room and Board: $27,830
  • Medical Insurance: $1,780
  • Public Transportation: $637
  • Total: $107,313

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Class Size410
% Female30%
Mean GMAT670
% International91%

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Mailing Address
Calle María de Molina, 11-13-15
28006 Madrid SPAIN

Phone: +34915689600
Fax: +34915635231 (Student Office)
Email: [email protected]
Twitter: @IEbusiness

MBA LiveWire for IE Business School

Application results in real time, submitted by site visitors.
August 2, 2018 3:36pm
Accepted via email.
GMAT: 660.
July 25, 2018 4:08pm
Accepted via email.
GPA: 2.5.
June 20, 2018 3:44pm
Accepted via email.
GPA: 2.47. GMAT: 650. USA.
May 6, 2018 10:39am
Accepted via email.
GPA: 3.5. GMAT: 690.
April 13, 2018 3:05pm
Accepted via phone.
GPA: 3,1. GMAT: 690. Spain.

DecisionWire for IE Business School

Enrolled: Undecided
Admitted: Cornell / Johnson, IE Business School, IESE
GMAT: 710
Post-MBA Career: Consulting
Enrolled: Undecided
Admitted: HEC Paris, IE Business School, IESE, Imperial, UNC Kenan-Flagler
GRE: 320 GPA: 3.3
Post-MBA Career: Consulting
Enrolled: London Business School
Admitted: HEC Paris, IE Business School, London Business School
GMAT: 660
Post-MBA Career: Venture Capital
Enrolled: IE Business School
Admitted: IE Business School
GMAT: 690
Post-MBA Career: Consulting