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Resource for Top-tier MBA

IE Business School

Image for IE Business School
Class Size ~400
Women 33%
Mean GMAT 680
International 96%

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.


What is the tuition for IE's MBA program?

The tuition for IE’s MBA program is €82,30 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?

IE offers a 1 year MBA program.


Riccardo Grabau (IMBA) on why he chose IE

International MBA student, Riccardo Grabau on why he chose IE Business School! Find out more about the program:

Neha Srivastava (IMBA) on the value of IE's focus on entrepreneurship

International MBA student, Neha Srivastava, on the value of IE's focus on entrepreneurship. Find out more about the program:


Class Profile

Around 400 students attend IE Business School’s MBA program. Thirty-three percent are women. Ninety-six percent of the class hailed from outside Spain, representing 44+ nationalities. The average GMAT score is 680.

During their undergraduate years, 39% had studied business and 20% engineering. Nine percent had majored in economics and 4% in sciences.

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, €150 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
  • Essays
  • Short Video Responses
  • Minimum Three Years Work Experience
  • Two Letters of Recommendation
  • Résumé
  • Photocopy of passport
  • Passport size photo
  • Transcripts for College/Graduate Work
  • GMAT, GRE, or ieGAT
  • TOEFL/IELTS Score or Other Language Certificate
  • €150 Application Fee

Essay Topic Analysis

Need help with your essays? Get our experts' advice.

Interview Reports

Ie-business-school Q&As

IE Business School LiveWire and DecisionWire

MBA LiveWire

January 27, 2024 1:57am ET
Interview Invite to IE Business School
Round: Round 2
Received via email on January 23, 2024
GPA: 3.6
Program Type: One Year Program
Post MBA Career Name: Non Profit / Social Impact
November 25, 2022 1:22pm ET
Interview Invite to IE Business School
Round: Rolling Admissions
Received via email on November 14, 2022
GPA: 3.67
Program Type: January Intake
Post MBA Career Name: Marketing
March 5, 2022 10:44am ET
Accepted to IE Business School
Round: Rolling Admissions
Received via email on March 07, 2022
GPA: 8.67
GRE: 315
Program Type: One Year Program
Post MBA Career Name: Consulting
Application Location: India
October 26, 2021 2:42am ET
Accepted to IE Business School
Round: Round 1
Received via email
GMAT: 690
Program Type: One Year Program
Application Location: India
March 4, 2021 9:57am ET
Accepted to IE Business School
Round: Round 2
Received via email on February 03, 2021
GMAT: 630
Post MBA Career Name: Technology
Application Location: Brazil

40% of scholarship

September 17, 2020 10:03am ET
Accepted to IE Business School
Round: Rolling Admissions
Received via email September 17, 2020
GPA: 3.86
GMAT: 750
Post MBA Career Name: Entrepreneurship
Application Location: Chicago

App submitted on 7/30
Interview 9/4
Acceptance 9/17

Accepted into Bilingual cohort. My interviews went pretty well but not stellar. No initial scholarship offer, which I was a bit surprised considering my stats, current company (T2 consulting firm), and motivation (high-tech social impact start up). Perhaps only 2 YOE limited myself there. I am planning on doing the official scholarship essay in the next 2-4 weeks.

September 16, 2020 2:57pm ET
Interview Invite to IE Business School
Round: Rolling Admissions
Received via email on August 20, 2020
GPA: 3.86
GMAT: 750
Post MBA Career Name: Entrepreneurship
Application Location: Chicago
March 4, 2020 6:48am ET
Accepted to IE Business School
Round: Rolling Admissions
Received via email
Post MBA Career Name: Entrepreneurship
Application Location: INDIA

MBA DecisionWire

February 26, 2024 9:02pm ET
Enrolled: U. Chicago Booth
Admitted: U. Chicago Booth , Columbia
Applied: U. Chicago Booth, Columbia
Entering Year: 2024
Post MBA Career: Consulting Companies: Bain, BCG, McKinsey
GRE: 324
Location: Europe
February 25, 2024 3:05pm ET
Enrolled: Cornell / Johnson
Admitted: Cornell / Johnson $
Applied: Cornell / Johnson
Entering Year: 2024
Post MBA Career: Other
GPA: 5.5/6
Location: Mexico
February 23, 2024 11:16pm ET
Enrolled: UPenn / Wharton
Admitted: NYU Stern , UPenn / Wharton $
Yale SOM $
Applied: U. Chicago Booth, Columbia, Harvard Business School, NYU Stern, UPenn / Wharton, Yale SOM
Entering Year: 2024
Post MBA Career: Asset Management, inc. Hedge Funds
GMAT: 770
GPA: 4
February 23, 2024 7:25pm ET
Enrolled: Undecided
Admitted: NYU Stern
Applied: NYU Stern
Entering Year: 2023
Post MBA Career: Private Equity Companies: Bain Capital, Blackstone, Carlyle Group, Goldman Sachs Principal Investment Group, TPG, KKR
GMAT: 720
GPA: 3.4
Location: LatAm



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

Campus Life

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.

MBA Careers

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

IE averages their IMBA Classes of 2022-2022 together for career employment stats. Their average overall compensation landed at €113,770. The most popular industry was technology, as 27% of graduates selected that path. Financial services followed, claiming 20%. Consumer/luxury/retail was pursued by 27% of graduates. Consulting took in 15%. Eight percent of students started their own business after graduation.

Thirty-five percent of the classes stayed in Spain and 27% moved to the rest of Europe. Latin America welcomed 14% of the 2020-2022 Classes and 9% headed to North America.


IE’s 2023-2024 tuition is €82,300. With additional fees such as living expenses, health insurance and transportation, however, the estimated cost of attendance for one year (two semesters) is over €100,000. 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 more than 60% of female IE students receive financial assistance.


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

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