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The IE MBA
IE Business School, formerly called Instituto de Empresa, is an independent school established in 1973 and located in central Madrid. The school offers a one-year (13 months) International MBA program, with the option of studying in English or Spanish. The program is medium-sized and known for its main strengths in entrepreneurship, international management and information technology. The program’s strong emphasis on entrepreneurship is demonstrated through the events and conferences organized by the school in cooperation with entrepreneurs and leaders from around the world.
The school’s student population is characterized by a relatively older age, variety in terms of nationality and ethnic background, and a strong international orientation (over 90% hail from outside of Spain).
In terms of the admissions process, the school employs rolling admissions without specific deadlines, and allows students to take its own admissions exam instead of the GMAT. An offer of admission is valid for the program’s next two starting dates, meaning an accepted candidate can choose whether to start on the starting date for which he or she applied, or the following one.
Among the program’s alumni are the following individuals who held (or currently hold) the positions written in the parentheses: Richard Alden (CEO of ONO), Claudio Aguirre (former CEO of Merrill Lynch), Gerard Gross (President of Daimler Chrysler in Spain).
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Ranked first in Europe for the category of salary increase by The Financial Times, 2007
Ranked first in Europe for the category of student evaluation by The Economist Intelligence Unit, 2005
Ranked first for the category of organizational behavior by The Financial Times, 2008
Ranked second outside of the U.S.by Businessweek’s general ranking, 2014
Ranked second for the category of entrepreneurship by The Financial Times, 2009
Ranked second outside of the U.S. by Businessweek’s general ranking, 2008
Ranked second in Europe for the category of new career opportunities by The Economist Intelligence Unit, 2005
Ranked second for the category of corporate social responsibility by The Financial Times, 2008
Ranked third outside of the U.S. by Businessweek’s general ranking, 2012
Ranked second outside of the U.S. by Businessweek’s general ranking, 2010
Ranked third outside of the U.S. by Forbes’ general ranking of one-year programs, 2009
Ranked third in Europe by The Financial Times, 2007
Ranked third for the category of organizational behavior by The Financial Times, 2007
Ranked fourth outside of the U.S. by Businessweek’s general ranking, 2015
Ranked fourth outside of the U.S. by Forbes’ general ranking, 2005
Ranked fourth for the category of human resource management by The Financial Times, 2012
Ranked fifth outside of the U.S. by Forbes’ general ranking for one-year programs, 2015
Ranked fifth for the category of international management by The Financial Times, 2009
Ranked fifth for the category of entrepreneurship by The Financial Times, 2008
Ranked fifth in Europe for the category of alumni effectiveness by The Economist Intelligence Unit, 2005
Ranked fifth for the category of e-Business by The Financial Times, 2015
Ranked sixth in Europe by The Financial Times, 2011
Ranked sixth for the category of international management by The Financial Times, 2008
Ranked sixth for the category of corporate social responsibility by The Financial Times, 2009
Ranked sixth for the category of economics by The Financial Times, 2009
Ranked sixth outside of the U.S. by Forbes’ general ranking, 2005
Ranked sixth-seventh by The Financial Times’ general ranking, 2009
Ranked seventh for the category of international management by The Financial Times, 2013
Ranked seventh for the category of highest industry salaries by The Financial Times, 2007
Ranked seventh for the category of economics by The Financial Times, 2008
Ranked seventh for the category of entrepreneurship by The Financial Times, 2007
Ranked seventh for the category of e-Business by The Financial Times, 2014
Ranked eighth for the category of entrepreneurship by The Financial Times, 2013
Ranked eighth for the category of strategy by The Financial Times, 2009
Ranked eighth by The Financial Times’ general ranking, 2012
Ranked eighth by The Financial Times’ general ranking, 2011
Ranked eighth by The Financial Times’ general ranking, 2008
Ranked eighth for the category of information technology by The Financial Times, 2008
Ranked eighth in Europe for the category of salaries by The Financial Times, 2007
Ranked ninth in Europe for the category of quality of faculty by The Economist Intelligence Unit, 2005
Ranked ninth outside of the U.S. by Businessweek’s general ranking, 2005
Ranked ninth for the category of economics by The Financial Times, 2010
Ranked ninth for the category of strategy by The Financial Times, 2008
Ranked ninth for the category of marketing by The Financial Times, 2008
Ranked ninth for the category of international management by The Financial Times, 2007
Ranked tenth for the category of entrepreneurship by The Financial Times, 2012
Ranked tenth for the category of international management by The Financial Times, 2012
Ranked tenth for the category of economics by The Financial Times, 2011
Ranked tenth for the category of industry by The Financial Times, 2009
Ranked 12th in the world by The Financial Times’ general ranking, 2015
*The Wall Street Journal’s rankings are based on surveys of thousands of prominent U.S. employers
Average sign-on bonus upon graduation for last year: $23,800
Additional guaranteed benefits in the first year post-graduation (on average): $15,870
The five companies that recruited the most alumni upon graduation were:
A.T. Kearney
Johnson & Johnson
Amazon
Reckitt Benckiser
Telefonica
Average B.A. GPA: NA
Eighty percent of those accepted scored between 590-710 on the GMAT
Average GMAT score: 672
Average number of years of career experience: 5
Admissions interview: required
Percentage of candidates admitted: 34%
Average age: 29
Duration of studies: one year (13 months)
Starting dates: November and April
Location: Madrid, Spain
Total student: 1,089
Percentage of students who receive financial aid from the school: 42%
Program website: http://www.ie.edu/eng/programas/prog_master.asp
*According to the bi-annual update published by Businessweek (end of 2014)
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