Thursday December 30th 2010

Which MBA?

IE—Instituto de Empresa

Instituto de Empresa (IE) is a fast-growing private academic institution set up in 1973 by business leaders and academics. It has expanded its faculty rapidly in recent years and continues to do so. As well as having strong links with Latin America, IE is rapidly expanding its global reach. It also has good links with industry with a commitment to pragmatic business-relevance research and in-company training. Like many other schools in Spain, IE is a strong advocate of the case method and group work and the MBA is a high-pressure programme.

In 2007 IE acquired an 80% stake in SEK University in Segovia, a historic town near Madrid, now known as IE University. The acquisition has provided a new phase in IE’s strategic development, adding new fields of knowledge to its portfolio, such as law, architecture and psychology among others at undergraduate and postgraduate level.

Address

Maria de Molina, 11, 13, 15

Madrid

Spain

28006

Tel:

+34 915 689 610

E-mail:

admissions@ie.edu

Website:

www.ie.edu

Programme director:

Camino de Paz

Ranking	Rank (out of 100) Full-time
Overall rank	22
Regional rank	8

Criteria	Rank (out of 100) Full-time
Open new career opportunities	14
Diversity of recruiters	5
Number in jobs three months after graduation	26
Jobs found through the careers service	6
Student assessment of careers service	65
Personal development and educational experience	58
Faculty quality	93
Student quality	57
Student diversity	19
Education experience	73
Increase in salary	27
Percentage increase in salary	32
Post-MBA salary	34
Potential to network	18
Breadth of alumni network	39
Internationalism of alumni	5
Alumni effectiveness	46

Facilities

The school is based in an urban campus of 17 buildings in the Barrio de Salamanca, where facilities are extensive and well equipped. The main library is in a recently opened building that operates as the nerve centre of IE’s electronic information system, an increasingly important part of its operations. The virtual library is also managed from this building. There is no on-campus accommodation.

	Full-time MBA	Part-time MBA	International Executive MBA
Student assessment of facilities	4.0 (93)	–	–

Faculty

Number of faculty: 92 full-time, 412 part-time, 72 visiting
	Full-time MBA	Part-time MBA	International Executive MBA
Number of faculty per student	0.2 (>100)	2.8	0.8
Percentage of faculty with PhD	89 (78)	89	89
Student rating of faculty	4.2 (77)	–	–

Programme highlights

IE’s full-time International MBA lasts 13 months and is offered in English and Spanish versions. The programme introduces students to entrepreneurial studies, an important element of IE’s approach. The ACCELERATE programme, a series of workshops and teaching modules on leadership, communication, team building and career management, runs throughout the core. The final part of the programme consists of electives, projects and/or an exchange programme.

IE’s International Executive MBA also lasts 13 months. There are three intensive two-week residential periods in Madrid and Shanghai and two six-month online periods. The online sessions take place between the three planned residential periods. The programme is also offered in a bi-weekly format with classes held on campus every other weekend.

The school also offers a Spanish-language MBA (part-time and Executive).

IE’s Global MBA is an innovative online programme that mixes online discussion groups, live web-based lectures and the widespread use of webcams, e-mail, blogs and other internet-based tools to keep students and faculty in touch. The programme is offered in both English and Spanish and lasts 15 months.

	Full-time MBA	Part-time MBA	International Executive MBA
Student rating of programme	4.3 (42)	–	–
Overseas exchange places available (% of intake)	100 (1)	–	–
Number of languages on offer	2 (83)	–	–

Students

	Full-time MBA	Part-time MBA	International Executive MBA
Annual intake	700	97	72
Applicants:places	51:1	2:1	3:1
Percentage of women students	29 (71)	36	18
International diversity score	65 (10)	25	44
Average GMAT score	680 (34)	680	n/a
Average number of years' work experience	5 (48)	4	14
Age range of students	26-33	26-32	33-42
Average age	29	30	37
Student rating of culture and classmates	4.1 (65)	–	–

EU	29%
Non-EU Europe	10%
North America	8%
Other Americas	29%
Asia/Australasia	16%
Africa/Middle East	8%

Recruiters/careers service

	Full-time MBA	Part-time MBA	International Executive MBA
Number of industry sectors that recruited graduates	11 (1)	–	–
Percentage of graduates in jobs 3 months after graduation	89 (28)	–	–
Percentage of graduates finding jobs through careers services	87 (7)	–	–
Student rating of careers service	3.3 (79)	–	–
Post-MBA salary ($)	101,828 (33)	–	–
Percentage increase in salary	86 (22)	–	–
Principal recruiters of graduates	Johnson & Johnson, Santander Bank Group	–	–

Cost

	Full-time MBA	Part-time MBA	International Executive MBA
Application fees	€120 ($167)	€120 ($167)	€120 ($167)
Programme fees	€53,200 ($74,108)	€42,200 ($58,785)	€54,200 ($75,501)
Comments	–	–	–
Accommodation costs (on campus, per year)	n/a	–	–
Accommodation costs (off campus, per year)	€5,000 ($6,944)	–	–
Financial aid available	–	–	–
Type of aid available	Scholarships, loans	–	–
Criteria on which aid is granted	Merit, need	–	–

Application details

	Full-time MBA	Part-time MBA	International Executive MBA
Application deadline	Rolling admissions	Rolling admissions	Rolling admissions
Programme dates	Nov start, 13 months	Oct start, 12 months	n/a start, 13 months
Admission requirements	First degree; work experience; GMAT; TOEFL; 2 references; 3 essays; interview; laptop	First degree; 2 years’ work experience; GMAT; TOEFL; 2 references; 3 essays; interview; laptop	First degree; 5 years’ work experience; 2 references; 3 essays; interview; laptop

Accreditation

AACSB	AMBA	EQUIS
1	1	1

Strengths and weaknesses

Strengths: entrepreneurship, strategy, general manager

Weakness: facilities

Student quotes

“Very international and diverse student body (less focussed on consultancy and finance). Madrid is a great city [with the] possibility of learning Spanish. Good fit with a career in industry (large multinationals in particular).

“The central location means some sacrifices in terms of facilities.”