4. IE Business School
IE Business SchoolMaria de Molina, 11
Madrid, Spain, 28006
Admissions: +34 91 568 96 00
When it comes to business school rankings, the general belief is that they are pretty stable over time. The tops schools rarely move in any big fashion and it’s almost impossible to crack into a top ten position. But that general rule doesn’t apply to Madrid’s highly innovative IE Business School.
Little more than a decade ago, in 2002, the school was ranked 35th on The Financial Times’ global MBA list and ninth in Europe behind Italy’s SDA Bocconi, Britain’s Oxford and Cambridge, and Spain’s IESE. Six years later, IE cracked the top ten of the FT ranking, placing eighth worldwide and third in Europe behind only London Business School and INSEAD. Ever since, IE Business School has ranked as high as sixth and never lower than eighth place worldwide.
The rise can largely be attributed to a highly market-oriented strategy that caught some rivals by surprise. IE doesn’t play by the normal rules of academia. The school’s leadership is entrepreneurial and innovative, pioneering degrees and programs that meet the demands of the marketplace–not of tenured professors who despise change. The school was among the first in the world, for example, to offer an online MBA program.
IE offers a full-time MBA in 13 months. The program is held on IE’s central-Madrid campus in Spain and is aimed at postgraduates who have undertaken studies and professional activities in a wide range of fields yet seek to sharpen their management skills. Almost all of IE Business School’s classes employ the case method to drive the learning experience, though professors also use other techniques such as role-playing, multimedia applications, and online business simulations. Students are assigned to small working groups designed to maximize diversity in which they discuss and prepare cases and complete assignments.
The school’s LAUNCH module kicks-off the program and develops participants’ personal and interpersonal skills through workshops in areas such as team-building, critical thinking, cross-cultural communication, creativity, and decision-making. This is followed by the Core Period in which courses on quantitative analysis, economics, marketing, accounting, and organizational behavior lay the foundation for the rest of the program.
The International MBA offers a host of options, which allow students to personalize their MBA to maximize its benefit based on individual interests and aspirations. IE offers Exchange Programs, a selection of elective options, entrepreneurial projects within the Venture Lab, Dual Degree Programs with Tufts and MIT, and an international partnership with Wharton. The school also boasts what is arguably the most prestigious Global MBA Online degree available, entering four cohorts a year of 32 students each, three in English and one in Spanish.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2012): 4 (non-U.S.)
BusinessWeek (2012): 3 (international)
Forbes (2011): 3 (international)
Financial Times (2012): 8 (global), 3 (Europe)
The Economist: (2012) 22 (global), 7 (Europe)
Rankings Analysis: As noted earlier, IE has managed to do what very few business schools have done: crack into the top ten of a widely watched global MBA ranking. PoetsandQuants’ composite ranking for the school is revealing. When you combine all the results of the most influential rankings in the world, IE still comes out very high–fourth among schools outside the U.S. That ranking does not include the recently published 2013 list by The Financial Times which saw IE slip three spots to a global rank of 11.
As one Class of 2012 graduate told BusinessWeek on the magazine’s survey: “IE Business School is unique because it’s a global top-ten school but the students, alumni, and faculty are down-to-earth, interesting, and genuinely nice people. The personality of IE is what really drew me to their MBA program over the others I was considering. I also like the entrepreneurial spirit at IE. My experiences there taught me how to solve problems creatively, a skill that is useful both in a big firm setting and in small firm/start-up business environments.”
Tuition & Fees: $76,800
Average GMAT: 680
GMAT Range: 640-760
Average GPA: NA
Acceptance Rate: 33%
Full-Time Enrollment: 440
Mean Age: 28
Mean Base Salary: $102,500
Median Signing Bonus: NA
Percentage of MBAs with Job Offers at Graduation: 30%
Percentage of MBAs with Job Offers Three Months Later: 90%
Class of 2012 Top Employers:
Johnson & Johnson: 7
Grupo Telefonica: 7
Where the Class of 2012 Went to Work:
Financial Services: 19%
Consumer Products: 14%
From IE Business School:
Madrid’s IE Business School is one of the world’s leading higher education institutions and has been ranked No.1 in Europe by The Financial Times. A pioneer in business education, IE educates tomorrow’s business leaders with an entrepreneurial spirit which is inherent throughout our institution.
As we were founded by entrepreneurs in 1973, we value the importance of creating and promoting new business ideas. IE Business School offers full-time and part-time formats. The MBA programs, including the International MBA, Global MBA+, Executive MBA+, Global Executive MBA and IE Brown Executive MBA – have been met with worldwide acclaim, featuring highly in the Bloomberg Businessweek, Forbes, FT and Economist business school rankings.
Although IE’s MBAs differ according to class profile, they are united in IE’s commitment to entrepreneurship, diversity and innovation. Complimenting IE’s extensive portfolio of Master degree programs, the Executive Education division offers training courses for executives through its seminars, conferences, forums, corporate training programs and consulting, building on IE’s commitment to providing outstanding education and training across the various phases of your career.
The IE campus is based in the centre of Madrid and allows students the opportunity to experience everything this great city has to offer. Madrid boasts a long list of museums, parks and gardens; palaces, modern and historic architecture, as well as having a great nightlife and being a very modern and friendly city. In addition, with more than 80 nationalities represented on campus at any given time, the IE Experience is a truly international one. Visit us on the web at www.ie.edu/business-school
“IE Business School is an incredible melting pot of people and ideas, based in the heart of one of the great European cities. We’ve had an innovation and entrepreneurial focus for a while now – those are the I and e in IE, after all – and with the new startup incubator here, things are going to get even more interesting.” – Aditya Anupkumar, India, Current Student.
“IE is all about the people you meet. Together you learn and grow, supporting each other along the way, and together celebrating our successes – a true start of lifelong friendships.” – Anna Kompaniyets, Ukraine, Class of 2012, Senior Marketing Manager for Growth and Emerging Markets, Burger King.
“A year in Madrid was truly a lifetime experience. I met amazing people, lived in an amazing city, studied at an amazing school and got an amazing job after graduating.
As time goes by I realize that the International MBA at IE Business School was one of the best investments that I have made in my life. This experience gave me energy,self-confidence and a drive to go forward.” – George Makaridze Georgia, Class of 2009, Deputy Head of International Business Bank of Georgia
- Ask Bea