IE Business School: Popular Programs & Ranking
Madrid, Spain- PrivateUniversity
1 Campus- Estd. 1973
Last updated on 22 Sep '23What's new at IE Business School?
IE Business School applications are open for international students.
- IE Business School Highlight
- IE Business School Popular courses 2024
- IE Business School Entry Criteria
- IE Business School Fees & Eligibility
- IE Business School Scholarships
- IE Business School Admission Dates 2024
- IE Business School Placements
- IE Business School Accommodation & Meals
- IE Business School Rankings
- Studying in Spain
- IE Business School Notable Alumni
- IE Business School FAQs
IE Business School Highlight
IE Business School was established by three businesspeople in 1973 to offer top-notch training to prospective entrepreneurs. The Association of MBAs (AMBA), Association to Advance Collegiate Schools of Business (AACSB), and EFMD Quality Improvement System have all granted it triple accreditation (EQIS). Since 2009, IE University has housed the exclusive business school. The IE Business School campus is located in the heart of Madrid's financial area, Barrio de Salamanca.
According to a Financial
IE Business School was established by three businesspeople in 1973 to offer top-notch training to prospective entrepreneurs. The Association of MBAs (AMBA), Association to Advance Collegiate Schools of Business (AACSB), and EFMD Quality Improvement System have all granted it triple accreditation (EQIS). Since 2009, IE University has housed the exclusive business school. The IE Business School campus is located in the heart of Madrid's financial area, Barrio de Salamanca.
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. As per an unofficial source, IE Business School acceptance rate is 41% indicating that the school is quite selective. 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.
The IE Business School provides a wide range of programmes in several subject areas. The school provides programmes in full-time, part-time, or mixed formats to enable maximum flexibility while meeting the demands of the real world. Numerous bachelor's and master's degree programmes are offered in a variety of subjects, including management, finance, international relations, and business administration, are offered by the business school. The first year tuition fee for IE Business School ranges between INR 37.1 lakh and INR 74.4 lakh. Read the complete article to know more about IE Business School.
Check below the key highlights around IE Business School:
| Year of establishment | 1973 |
| Website | Go to Website  |
| Accepted Exams | |
| No.of Campuses | 1 |
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 Popular courses 2024
Numerous bachelor's and master's degree programmes in a variety of subjects, including management, finance, international relations, and business administration, are offered by the business school. In addition, it provides a number of doctorate, executive education, and summer programmes, as well as MBA and executive MBA programmes with a variety of concentration possibilities. IE Business School is known for MBA courses.
Read more: MBA in Spain
Commonly asked questions
On Popular Programs
Q: Which is the best course in IE Business School?
Here are some of the best courses offered by IE Business School:
Master in Business Administration (MBA): IE Business School's MBA programme is ranked 9th in the world by the Financial Times.
Executive Master in Business Administration (EMBA): IE Business School's EMBA programme is ranked 5th in the world by QS World University Rankings 2024.
Master in Management (MIM): IE Business School's MIM programme is ranked 6th in the world by QS World University Rankings 2024.
Master in Finance (MIF): IE Business School's MIF programme is ranked 11th in the world by QS World University Rankings 2024.
Global MBA: IE Business School's Global MBA programme is ranked 9th in the world by QS World University Rankings 2024.
Online MBA: IE Business School's Online MBA programme is ranked 1st in the world by QS World University Rankings 2024.
Q: What is the duration of the PG courses in IE Business School?
The duration of the PG courses in IE Business School varies depending on the program. Here are some examples:
Master in Management: 11 months full-time, with intakes in September and January.
Master in Finance: 10 months full-time, with an intake in September.
International MBA: 11 months full-time, with an intake in September.
Executive MBA: 15-19 months part-time, with intakes in April and November.
Global MBA: 17 months part-time, with an intake in September.
IE Business School Entry Criteria
| Courses | Exams |
|---|---|
MIM(2 Courses) | GMAT: Accepted GRE: Accepted IELTS: 7.0 & Above |
MBA/PGDM(1 Courses) | GMAT: Accepted GRE: Accepted IELTS: 7.0 & Above |
Executive MBA/PGDM(1 Courses) | GMAT: Accepted GRE: Accepted IELTS: 7.0 & Above |
IE Business School Fees & Eligibility
International students must check their eligibility before applying for any of the courses. Find below the common eligibility criteria for UG and PG courses:
Undergraduate: Applicants should have completed Class 12 for UG admission.
Postgraduate: Applicants must hold a bachelor’s degree in a relevant stream to apply for master’s degree course.
Check below English language requirement at IE Business School:
| Course | English Language Test |
|---|---|
| MIM/ MBA/ Executive MBA | IELTS: 7.0 & Above |
Read more: Study in Spain
International students must check their eligibility before applying for any of the courses. Find below the common eligibility criteria for UG and PG courses:
Undergraduate: Applicants should have completed Class 12 for UG admission.
Postgraduate: Applicants must hold a bachelor’s degree in a relevant stream to apply for master’s degree course.
Check below English language requirement at IE Business School:
| Course | English Language Test |
|---|---|
| MIM/ MBA/ Executive MBA | IELTS: 7.0 & Above |
Read more: Study in Spain
| Courses | Duration | 1st 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 |
Executive MBA/PGDM(1 course) | 16 months | INR 70.6 L |
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:
| Course | First-Year Tuition Fee |
|---|---|
| MIM | INR 37.1 lakh - INR 39.1 lakh |
| MBA | INR 74.4 lakh |
| Executive MBA | INR 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
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.
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 Name | Scholarship Amount |
|---|---|
KC Mahindra Scholarships for Postgraduate Studies Abroad | INR 8 lakh |
Hani Zeini Scholarship | INR 82,500 |
Unimoni Student Star | INR 3 lakh |
IE Business School Admission Dates 2024
IE Business School admissions are rolling. This means that there are no application deadlines. Interested candidates can send their applications online.
- Application fees :No Fees
- Type of deadline :Rolling
Documents| Type of documents | Applicable for |
|---|---|
| SOP | Not required |
| LOR | Needed for all courses |
| Essays | Needed for few courses |
| CV | Needed for few courses |
| Additional documents | Required |
Important dates| Intake season | Deadline |
|---|
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).
IE Business School Placements
IE Business School provides career guidance to support students. MBA is one of the top courses of IE Business School. In 2019, a total of 667 graduates participated in the placement drive. Out of the total 68% male and 32% female were placed.
Check below the key highlights:
| Particulars | Statistics |
|---|---|
| % of job seekers receiving job offers within 3 months after graduation | 95% |
| % of graduates who changed geographical location | 44% |
Top Recruiters
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
A team of IE MBA Alumni, who successfully identified a real need to find good, reliable, and safe accommodation for the growing IE community, founded this useful accommodation platform, named Beyond Campus. They have curated apartments and all the recommended student residences near the city center and the new campus. Students looking for accommodation somewhere else, can also get an apartment in Madrid at a cost depending on several factors, including the student’s personal taste and need
A team of IE MBA Alumni, who successfully identified a real need to find good, reliable, and safe accommodation for the growing IE community, founded this useful accommodation platform, named Beyond Campus. They have curated apartments and all the recommended student residences near the city center and the new campus. Students looking for accommodation somewhere else, can also get an apartment in Madrid at a cost depending on several factors, including the student’s personal taste and needs. Students expect to pay anywhere between 1,000€ and 2,000€ a month for a decent one - or two-bedroom apartment.
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.
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
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. Check below other rankings of IE Business School:
|
Ranking Body |
Course/ Category |
Rank |
Year |
|---|---|---|---|
|
Financial Times |
Master in Finance Pre- Experience |
7th in the world, 6th in Europe, 1st in Spain |
June, 2023 |
|
Financial Times |
Open-enrolment Executive Education ranking |
10th in the world |
May, 2023 |
|
QS |
Online MBA |
1st in Europe |
March, 2023 |
|
Financial Times |
Online MBA |
1st in the world |
March, 2023 |
|
Financial Times |
Global MBA Ranking |
6th in Europe, 22nd in the world |
February 2023 |
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. Check below other rankings of IE Business School:
|
Ranking Body |
Course/ Category |
Rank |
Year |
|---|---|---|---|
|
Financial Times |
Master in Finance Pre- Experience |
7th in the world, 6th in Europe, 1st in Spain |
June, 2023 |
|
Financial Times |
Open-enrolment Executive Education ranking |
10th in the world |
May, 2023 |
|
QS |
Online MBA |
1st in Europe |
March, 2023 |
|
Financial Times |
Online MBA |
1st in the world |
March, 2023 |
|
Financial Times |
Global MBA Ranking |
6th in Europe, 22nd in the world |
February 2023 |
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
Due to its low and affordable tuition fees, Spain has come to be recognized 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.
Cost of living
How much would you pay for living
Due to its low and affordable tuition fees, Spain has come to be recognized 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.
Cost of living
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:
|
City |
1-bedroom flat (centre) |
1-bedroom flat (periphery) |
|---|---|---|
|
Salamanca |
450 € |
305 € |
|
Córdoba |
416 € |
350 € |
|
Seville |
620 € |
446 € |
|
Granada |
550 € |
420 € |
Read more: Cost of studying in Spain for International Students 2023
Read more: Cost of living in Spain for International Students 2023
| Part Time Work | Permitted International students wishing to work part-... Read more about part time work |
| Post Study Work Permit | Permitted 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 | Simple 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 |
| Economy Growth Rate | Spain’s economy has been recognized as one o... Read more about economy growth rate |
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:
City | 1-bedroom flat (centre) | 1-bedroom flat (periphery) |
|---|---|---|
Salamanca | 450 € | 305 € |
Córdoba | 416 € | 350 € |
Seville | 620 € | 446 € |
Granada | 550 € | 420 € |
IE Business School Notable Alumni
Many of the recognised personalities were a part of the IE Business School. Check below some of the notable alumni of IE Business School:
- Gerhard Peter Gross (President & CEO of Daimler Financial Services Mexico)
- Javier Estades-Saez Johansson (CEO & President of Tabacalera USA)
- Isabel Yordi Aguirre (Program Manager, Gender and Human Rights at World Health Organisation)
- Pablo Largarcha (Vice President, Business Planning & Integration at The Coca-Cola Company)
- Claire Beaumont (CFO of Finance Business Partner)
Commonly asked questions
On Alumni
Q: Who are the famous alumni of IE Business School?
Many of the recognised personalities were a part of the IE Business School. Check below some of the notable alumni of IE Business School:
- Gerhard Peter Gross (President & CEO of Daimler Financial Services Mexico)
- Javier Estades-Saez Johansson (CEO & President of Tabacalera USA)
- Isabel Yordi Aguirre (Program Manager, Gender and Human Rights at World Health Organisation)
- Pablo Largarcha (Vice President, Business Planning & Integration at The Coca-Cola Company)
- Claire Beaumont (CFO of Finance Business Partner)
IE Business School VS IESE Business School
Below is the comparison between IE Business School and IESE Business School based on fees:
| School Name | First-Year Tuition Fee* |
|---|---|
| IE Business School | INR 37.1 lakh - INR 74.4 lakh |
| IESE Business School | INR 40.3 lakh - INR 45 lakh |
*The fee is taken from an unofficial source. Hence, is indicative.
Commonly asked questions
On Others
Q: Is IE Business School better than IESE Business School?
Below is the comparison between IE Business School and IESE Business School based on fees:
| School Name | First-Year Tuition Fee* |
|---|---|
| IE Business School | INR 37.1 Lacs - INR 74.4 lakh |
| IESE Business School | INR 40.3 Lacs - INR 45 lakh |
*The fee is taken from an unofficial source. Hence, is indicative.
IE Business School FAQs
Frequently Asked Questions around IE Business School
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).
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IE Business SchoolLocation
| University City | Madrid, Other - Spain, Spain |
IE Business SchoolContact Information
Calle Maria de Molina, 11-13-15
28006 Madrid SPAIN
Madrid ( Other - Spain)