IE Business School
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IE Business School: Popular Programs & Ranking

Map Pin IconMadrid, Spain
  • PrivateUniversity
  • Institute Icon1 Campus
  • Estd. 1973
Dark Clock Icon Last updated on 22 Sep '23

IE Business School Highlight

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Year of establishment1973
WebsiteGo to Website External Link Icon
Accepted Exams
No.of Campuses1
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Commonly asked questions

On Highlights

Q:   Which is the better university for MBA in Spain, IE Business School or ESADE Business School?


Both IE Business School and ESADE Business School are highly regarded universities for MBA programs in Spain. 
IE Business School is a for-profit university located in Madrid, the capital of Spain and ESADE Business School is a non-profit university located in Barcelona, Spain.
The International MBA programme at IE Business School is highly ranked and focuses on entrepreneurship and innovation, and the MBA programme at ESADE Business School is also highly ranked and focuses on sustainability and social responsibility.
The tuition fee for the International MBA programme at IE Business Schoolis is €72,200, and the tuition fee for the MBA programme at ESADE Business School is Euro 74,500.

Q:   Is IE Business School hard to get into?


As per an unofficial source, IE Business School acceptance rate is 41% indicating that the school is quite selective. Students need to score well to get into the business school. Over 60,000 former students from IE Business School have graduated from 165 different nations, and among them are several well-known and accomplished figures.

IE Business School
Entry Criteria

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MIM(2 Courses)
GMAT: Accepted
GRE: Accepted
IELTS: 7.0 & Above
MBA/PGDM(1 Courses)
GMAT: Accepted
GRE: Accepted
IELTS: 7.0 & Above
GMAT: Accepted
GRE: Accepted
IELTS: 7.0 & Above

IE Business School Fees & Eligibility

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CoursesDuration1st Year Tuition Fees
MIM(2 courses)
11 months-1 year
INR 36.2 L - 38.2 L
MBA/PGDM(1 course)
11 months
INR 72.6 L
16 months
INR 70.6 L
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Commonly asked questions

On Fees and Eligibility

Q:   What are the eligibility criteria for Indian students to avail scholarships at IE Business School?


Any student admitted to IE University (a student who has successfully completed the admissions process and has been notified in writing of their admission to a particular Bachelor Degree programm), can access the IE Foundation Scholarship Program. Some of the scholarships providede by them include-
International Baccalaureate (IB)- In addition to meeting the basic criteria for the Scholarship Programme, the scholarship recipient must be enrolled in an institution that follows the IB system and be pursuing the IB Diploma.
Personal Excellence- Aside from the general requirements for the Scholarship Program, candidates must show a high level of ability in a non-academic activity (such as sports, cultural or social activities, etc.) or equivalent achievements.

Q:   How much is the tuition fee in IE Business School?


Check below first-year tuition fee for IE Business School:

CourseFirst-Year Tuition Fee
MIMINR 37.1 lakh - INR 39.1 lakh
MBAINR 74.4 lakh
Executive MBAINR 72.3 lakh

Q:   Can students apply for part-time jobs while studying at IE Business School?


Yes, students can apply for part-time jobs while studying at IE Business School. While enrolled in classes, international students are permitted to work both on and off campus. The on-campus employment options give students practical experience in their chosen disciplines. Most on-campus instruction is for master's and business administration programmes. The university's academic staff also provides instruction and support to students in multi-cultural and research-oriented procedures. Twenty hours of employment per week are permitted for international students during a typical academic session. Students are permitted to work 40 hours per week or full-time during breaks and holidays.

IE Business School Scholarships

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Commonly asked questions

On Scholarships

Q:   Does IE Business School offers scholarships?


IE University grants over 200 scholarships every year across all IE Business School programs to help students. The university also provides scholarships in collaboration with corporate partners. Indian students can also apply for other scholarships, some of them are listed below:

Scholarship NameScholarship Amount

KC Mahindra Scholarships for Postgraduate Studies Abroad

INR 8 lakh

Hani Zeini Scholarship

INR 82,500

Unimoni Student Star

INR 3 lakh 
View all 66 scholarshipsRight Arrow Icon

IE Business School Admission Dates 2024

  • Application fees :No Fees
  • Type of deadline :Rolling
Document IconDocuments
Type of documentsApplicable for
SOPNot required
LORNeeded for all courses
EssaysNeeded for few courses
CVNeeded for few courses
Additional documentsRequired
Calendar IconImportant dates
Intake seasonDeadline
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Commonly asked questions

On Admissions

Q:   What are the requirements to join IE Business School?


They accept the following globally recognised tests:
New SAT: Minimum 1200. 25th / 75th Percentile: 1270 / 1460IE University’s identification code “6293”
ACT: Minimum 24IE University’s identification code “5360”
LNAT: Minimum 22
The accepted language certificates for English Proficiency are:
TOEFL – minimum 100 points, 105 recommended
Cambridge – Cambridge Advanced C1 (CAE) or Proficiency C2 (CPE)
IELTS - minimum 7 points, 7,5 recommended
Duolingo English Test: minimum 130 points.

Q:   Can an average Indian student from tier 2 / tier 3 college in India join IE business School?


Yes, an average Indian student from a Tier 2 or Tier 3 college in India can join IE Business School. IE Business School has a diverse student body, and they consider various factors when evaluating applicants, such as academic performance, work experience, extracurricular activities, and personal qualities. Some programs, such as the MBA and Executive MBA, require applicants to have work experience and some also require students to submit standardized test scores, such as the GMAT or GRE. Applicants whose native language is not English must demonstrate English proficiency by submitting scores from TOEFL, IELTS, or Cambridge English.

Q:   What is the minimum score required for IELTS in IE Business School for Indian students?


The minimum score required for IELTS in IE business School for indian students is 7.0 bands or higher. International students that do not belong from an English-speaking nation must submit any of these English test scores as a proof of language proficiency:
IELTS- 7.0 bands or higher (for UG and PG)
TOEFL iBT Minimum: 90, Recommended: 100 (for UG), Minimum: 100 (for PG)
DET Minimum: 115, Recommended: 120 or above (for UG), Minimum: 120 (for PG)
CAE/CPE: A, B, or C Grade (for UG)
ACT English: 24 or above (for UG).

Admission details of all coursesRight Arrow Icon

IE Business School Placements

Top Recruiters

Goldman Sachs
Bank of America
Glaxo Smithkline
Deutsche Bank
Morgan Stanley
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Commonly asked questions

On Placements

Q:   What is the minimum wage offered by IE Business School?


The average starting salary for IE MBA graduates is €83,152.48 ($91,467.73). The salary range for IE Business School graduates varies depending on the industry and job title. Graduates working in consumer, luxury, and retail get an average salary of slightly over $119,000, while those in architecture and real estate earn an average salary of almost $130,000. The Instituto de Empresa (IE) Business School Salary in Spain is €66,000 for a Human Resources (HR) Director. The top recruiters include Samsung, Goldman Sachs, TCS, Bank of America, Glaxo Smithkline, Deutsche Bank, UBS, Morgan Stanley.

Q:   How is the placement for MBA at IE Business School?


IE Business School is recognised for its excellence among recruiters, and the MBA programme is designed to help students kick-start their careers. The average salary of IE MBA graduates is €92,900 ($110,000). The Financial Times ranks IE Business School's Global MBA programme at 22. The top recruiters include Samsung, Goldman Sachs, TCS, Bank of America, Glaxo Smithkline, Deutsche Bank, UBS, Morgan Stanley.

Q:   How to get a part-time job while studying in IE Business School?


Check with IE Talent & Careers: A team called IE Talent & Careers assists students and graduates in determining their career choice and offers advice on how to get started. With the 3,243 businesses that IE University has partnerships with, they may assist you in finding internships and part-time work.
Check out the IE University website for employment listings: On their website, IE University has a page called "Work with us" where they list employment vacancies for several departments. To see whether there are any part-time employment postings that match your qualifications and interests, you may frequently visit this website.
Consider the Young Corporate Program: The Young Corporate Programme at IE University pairs students with businesses so they can work and get training during the course of their degree. 

IE Business School Accommodation & Meals

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Commonly asked questions

On Accommodation & Meals

Q:   How much does it cost to live on IE Business School campus?


The estimated monthly cost of living on campus in Madrid is around €1,200-€1,500 ($1,320-$1,650). 

Housing Studio 750 — 1,000€ Per month
1 Bedroom apartment 900 — 1,200€ Per month
2 Bedroom apartment 1,200 — 2,000€ Per month
Room in a shared apartment 450 — 600€ Per month
Room in private residence 1,000 — 1,500€ Per month

Supply Services:
Electricity 30 — 50€ min. Every two months
Gas heat 50 — 100€ Every two months
Water 50 — 60€ Every two months
Connectivity Services:
Cell Phone 25€ Per month
Internet + Landline telephone 40€ Per month

Others Groceries 200 — 350€* Per month
Public Transportation Card 55€ (20€*) Per month
Private Spanish Medical Insurance 35 — 50€ Per month.

IE Business School Rankings

Business Analytics
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Commonly asked questions

On Rankings

Q:   What is the rank of IE Business School in the world?


According to a Financial Times research of the 2023 Master in Management course of the school was ranked 16 in the world and 14 in Europe. IE Business School ranks fourth in the world and first in Europe for entrepreneurship training. According to the QS Rankings 2023, Executive MBA (Global) course of IE is ranked at 6 in the world and 4 in Europe. 

Studying in Spain

Part Time Work

International students wishing to work part-... Read more about part time work

Post Study Work Permit

Those who wish to work in Spain after passin... Read more about post study work permit

Cost of Visa Application
Euro 80 = INR 7,057.6
Visa Application Process

Indian students looking to study in Spain wo... Read more about visa application process

Hot Job Sectors

Supply Chain Management, Cyber Security, Talent Acquisition, Banking, Law

e... Read more about hot job sectors

Economy Growth Rate

Spain’s economy has been recognized as one o... Read more about economy growth rate

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Commonly asked questions

On Study in Country

Q:   What is the cost of studying in Spain?


Due to its low and affordable tuition fees, Spain has come to be recognised as one of the popular study destinations for international students, who are budget-minded. How much it will cost will also depend upon a few other factors such as the university, place, type of programme, and the institute’s reputation. If a student is looking forward to studying at a public university, he or she may have to spend between 2,000-3,500 Euros annually.

Q:   What is the cost of living in Spain?


How much would you pay for living will depend on lot many factors such as the room type, facilities available, location, etc. A one-bedroom apartment in the student-famous city, Madrid, may cost students around 1,000 Euros, whereas one may have to pay 850 Euros for an apartment in Barcelona.

The table below displays the rent of a 1-bedroom flat in different Spanish cities that are cheap for overseas students:


1-bedroom flat (centre)

1-bedroom flat (periphery)


450 €

305 €


416 €

350 €


620 €

446 €


550 €

420 €

IE Business School FAQs

Q:   How to apply for a Spain visa?


Step 1: If the applicant is a minor, one of their parents must submit the application for a study visa to Spain on their behalf.
Step 2: The Consular Office is the competent authority to accept visa applications from individuals residing in cities that have a consulate. Applicants may also speak with visa brokers who have received advance approval from the Consular Office.
Step 3: The Consular Office will give the applicant a certificate of receipt of the application along with a number that will allow them to monitor the progress of their dossier via a link on the official website after they submit their Student Visa application.
Step 4: The Consular Office could ask the applicant to provide any missing paperwork or to offer further information if it's needed to make a determination on their application for a student visa to Spain. A personal interview with the candidate may also be scheduled.
Step 5: After a decision has been reached, the Spain Study Visa must be picked up in person within two months by the applicant or their agent (if the applicant is a minor).

Content authored by:

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Nishtha Shukla

Study Abroad Expert

Updated on Sep 22, 2023

IE Business School
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IE Business School

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University CityMadrid, Other - Spain, Spain

IE Business School
Contact Information


Calle Maria de Molina, 11-13-15
28006 Madrid SPAIN

Madrid ( Other - Spain)

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