IE Business School is the business school of IE University, an independent, for-profit, graduate school located in Madrid, Spain. It was founded in 1973 with the name Instituto de Empresa.
It’s one of the highest ranked business schools in the world according to the Financial Times and other rankings publications. The School runs master’s degree programs, executive master’s degrees, executive education programs, Ph.D. and DBA programs. Approximately 7,800 students from 88 countries undertake degree programs at IE each year. There are approximately 5,600 annual participants in the school’s executive education programs. In 2008, 48.5% of the professors were of non-Spanish origin, and there were 81 nationalities on campus. The School has offices in 22 countries and approximately 40,000 alumni residing in 102 countries.
IE Business School is situated in Madrid’s financial district. The IE campus currently occupies a total surface area of some 23,700m2 (including garage space). This includes 43 lecture halls with an average capacity of 50 students each, 5 computer rooms, 73 breakout rooms (with an average capacity of 10 students per room), a main auditorium (“Aula Magna”), and the IE library. The lecture halls and breakout rooms are not all centralized in one building. They are mostly spread across different parts of Calle Maria de Molina (between metro stations Gregorio Marañón and Avenida de America). The main building lies at the junction of Calle Serrano and Calle Maria de Molina.
Partner Universities and Institutions
IE Business School has MBA student exchange programs with 53 international universities. IE Business School is one of the founding members of SUMAQ, a network comprising business schools in Spain and Latin America. IE has an agreement with Northwestern University School of Law, with whom it runs a Master of Laws, and the Fletcher School at Tufts University, with whom it runs a dual degree in the fields of business management and international relations. The school also has an agreement with University of Chicago Graduate School of Business to run the Global Senior Management Program (GSMP).
The School has an agreement with Babson College to run joint executive education programs in the field of entrepreneurship, and partners with the Wharton School of the University of Pennsylvania in the Global Consultancy Program.
IE Business School has a dual degree option in collaboration with the Massachusetts Institute of Technology (MIT). As of March 2010, IE and Brown University have started to offer the IE Brown Executive MBA .
IE Business School runs the ICEVED-International Center for Entrepreneurship and Ventures Development (http://www.iceved.com), a portal for member schools, investors and entrepreneurs. IE is the Spanish arm of the GEM (Global Entrepreneurship Monitor) Report, which studies the relationship between levels of innovation, the creation of new businesses and economic growth worldwide.
The School’s Venture-Lab (V-lab) is a support framework for students’ business projects and business plan development is a core component of all master degree programs. 25% of IE Business School MBA graduates set up their own companies.
IE’s full-time MBA runs for 13 months, from either November or April to December or May, respectively, of the following year. The MBA 2008 intake comprised 91.5% international students and 68 nationalities. The program is divided into five modules and a pre-program covering quantitative methods and financial accounting. The program has a Spanish version and an English version with electives in English or Spanish.
The Global MBA at IE is blended online program that runs for 15 months. Participants also physically attend sessions or community integration events in Shanghai, New York, London or Madrid, among other cities. The English version of the program (September 2009 intake) has 65 students comprising 34 nationalities.
International Executive MBA
The IE International Executive MBA program is a thirteen-month program run in English. It is based on a blended format combining in-person sessions in Madrid and Shanghai with periods of online learning and team collaboration. The average age of program participants is 36 and average number of countries of origin is 26.
Master in International Management
The Master in International Management is aimed for young graduates with non or few years of experience. It is a 10-month full-time program with two intakes (February and September) which can be extended to 13 months if the student wants to take part on the so-called Beyond Border Experience. During the third term, the student has the opportunity to deepen its expertise in one of the following business specializations: International Business, Sales & Marketing or Digital Business. The Beyond Border Experience gives the student the opportunity to do another of the specializations mentioned above, so-called Dual Specialization, go into an International Exchange program with leading universities or get into the Venture Lab, ie. develop his own research/consultancy project.
IE Business School has both Ph.D. and DBA programs which are renowned for their highly selective admissions process. The Phd and DBA programs are very similar in content but the DBA program focuses more on the application of academic research to practice of business whereas a Phd focuses more on the development of new theories relating to the practice of business. IE Business School only accepts a maximum of 15 DBA students per year.
Approximately 5,600 participants attend open and in-company programs at IE Business School each year.
The English edition of the Advanced Management Program (AMP) was created in 2003, and the Global Senior Management Program (GSMP) in 2004. The GSMP is a joint venture with the University of Chicago Booth School of Business.