IE Business School

go to live chat (18:00 – 19:00)

Representative: Venisse Castro | Regional Manager Europe and Central Asia | [email protected]

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IE Business School

IE Business School is a graduate school located in Madrid, Spain. It is recognized as one of the leading business schools in the world and offers one of the most prestigious international MBA programs. The Financial Times has ranked it as the best Business School in Europe in 2012 and 2013, and the school’s International MBA, Global MBA, and Executive MBA programs have consistently ranked in the top tier of global business programs.
The IMBA program is a one year MBA. It is taught in English or Spanish and has September and Janaury intakes. 90% of student body are international students.

One year

€72,200

The IE Foundation offers more than 60 types of scholarships in addition to different IE Fellowship Awards.
Scholarship and fellowship criteria are based on merit and economic need.
Every year about 40% of all IE Master Degree candidates receive some financial assistance.

Madrid, Spain

13 y 15, Calle de María de Molina, 11, 28006 Madrid, Spain

Chat Transcript:

06-30-2024
09:30:54 pm
User avatar David thank you
06-30-2024
09:29:43 pm
User avatar IE It's been a pleasure talking to all of you! If you have more questions, feel free to reach out to [email protected] or connect with me on LinkedIn https://www.linkedin.com/in/venisse-castro/
06-30-2024
09:27:11 pm
User avatar IE It's been a pleasure talking to all of you! If you have more questions, feel free to reach out to [email protected] or connect with me on LinkedIn https://www.linkedin.com/in/venisse-castro/
06-30-2024
09:26:58 pm
User avatar IE Shalom Moria! At IE University, we believe that diversity is about respecting and embracing what makes us different. Every year, we welcome students, professors and staff from more than 160 countries, with each person bringing their unique blend of life experience, backgrounds and perspectives to the table. Our goal is to promote an environment that’s anchored in curiosity, inclusion and understanding. In addtion, we had two weeks ago the founder of Waze, Uri Levine at IE signing his new book and people from all over came to the event
06-30-2024
09:24:45 pm
User avatar Kohen I don't have any community experience but tons of other extracurricular activities. Is that ok?
06-30-2024
09:23:09 pm
User avatar Moria Shalom IE Or as they say in Hebrew, Next year in the holly land should I be worried due to current political situation as an Israeli student at IE?
06-30-2024
09:22:27 pm
User avatar IE Hello Adi! At IE we have a lot of candidates coming from the NGO/non-profit. We even have a Social Impact Lab in the MBA where they travel to Africa to present their proyect
06-30-2024
09:21:21 pm
User avatar IE Hello Elad! These types of scholarships are not common by the IE Foundation. However, IE has partnerships with different institutions that in some cases have full-tuiton scholarships
06-30-2024
09:19:06 pm
User avatar IE Hello Ido! IE promotes diversity to ensure a unique experience, enriched by the contributions of students from around the world. Freedom and respect for diversity are intrinsic to our identity. Students, graduates and professors from over 160 countries nurture an environment rich in diverse visions and ideas.
06-30-2024
09:18:08 pm
User avatar adi Would an MBA be relevant for someone striving to start a NGO/non-profit? As opposed to a proper business venture.
06-30-2024
09:16:03 pm
User avatar IE Hello Elad! The GMAT is important but it's not the only aspect that we evaluate, your professional background, extracurriculars, the application and interview are as important as the GMAT
06-30-2024
09:15:55 pm
User avatar elad Hi Venisse, are there full scholarships for MBA program? How do you get them?
06-30-2024
09:13:55 pm
User avatar IE Hello Abramov! At IE, we have a holistic approach in each application so other information would be necessary to respond to your question but it looks like you could apply
06-30-2024
09:13:10 pm
User avatar Barak Thank you for the information Venisse.
06-30-2024
09:12:40 pm
User avatar Ido @IE hi, I am new to the MBA world. but Madrid would be a great option for me. as all mbas sound wonderful, what makes IE such a great place?
06-30-2024
09:11:39 pm
User avatar elad What is the most important part of the application? What is the importance of the GMAT score in the MBA application?
06-30-2024
09:11:26 pm
User avatar IE Hello Barak! It is true that is not too common but we had some cases in the past with the same profile. It would depend on your profile and application
06-30-2024
09:10:56 pm
User avatar Abramov How would you rate my profile with 660 GMAT and 4 years of work experience?
06-30-2024
09:09:46 pm
User avatar IE Hello Noa! Not really, and we will like to have different type of profiles in our programs as well
06-30-2024
09:09:02 pm
User avatar IE Hello Eden! Yes, we have an AMAZING Alumni community super engaged and they always organize events very interesting! Please send an email to [email protected] so I can send you the invitation of their next event in September! Also, we have a some candidates that stayed in Madrid, which some started their own startup here and there's even a few giving classes at IE. I could introduce you to them as well
06-30-2024
09:06:05 pm
User avatar IE Hello Yosef! Try to highlight your extra curriculum activities and achievements
06-30-2024
09:04:55 pm
User avatar IE Hello Sharon! Yes, it would be great if you can explain this and why the International MBA would be the right path for your
06-30-2024
09:04:10 pm
User avatar IE Hello Aster! Yes, we have a mininum GMAT score but it is not the only thing that we evalute in the application
06-30-2024
09:03:06 pm
User avatar Barak Hello, I do not hold an undergraduate degree but have a strong GMAT score (690 GMAT Focus) and an excellent career record in tech and military intelligence, including management experience. Would I still be considered for the MBA program? How significant is the lack of an undergraduate degree given that I surpass all other criteria?
06-30-2024
09:03:02 pm
User avatar IE Hello Inbar! This a long answer but I will give you some short examples: The values of IE are: 1. Diversity (+160 nationalities on campues) 2. Innovation (one of the few campus open during covid due an app we develop) 3. Entrepreneurship (we have every weeks entreprenurs in our campus for example the Israeli Founder of Waze Uri Levine signing is new book at IE) 4.Sustainability (IE Business School, 1st worldwide in ESG and Net Zero teaching according to Financial Times MBA Ranking 2023), 5.Humanities (IE Foundation Prizes in the Humanities are held each year to celebrate the best creative works by students, alumni, faculty and staff that form part of the IE community). We have more examples but just to give an idea
06-30-2024
09:01:00 pm
User avatar Yosef My GMAT score is 620 after two attempts
06-30-2024
09:00:56 pm
User avatar Noa Hi! Thank you for answering these questions. I wanted to know if there are any particular professional roles or industry experiences that are viewed more favorably during the admissions process?
06-30-2024
08:59:03 pm
User avatar Eden IE has a great brand here in Israel. is there an alumni club? do alumni talk to each other? or do most Israeli MBAs stay in Madrid post MBA?
06-30-2024
08:56:26 pm
User avatar Yosef How can I best address a low GPA in my application?
06-30-2024
08:55:44 pm
User avatar sharon I have done a distance MBA degree (which I realize was not very useful). So technically, this will be my second MBA. Do I need to explain this anywhere in the application
06-30-2024
08:55:17 pm
User avatar Aster Does your program have a minimum GMAT score requirement, or is it more of a holistic evaluation?
06-30-2024
08:53:50 pm
User avatar inbar Can you share about the school’s culture and how it comes to reality in the school’s programs and curriculum?
06-30-2024
08:53:22 pm
User avatar IE Hello Oren! I would say improve your chances but there's also opportunities for non-Spanish speakers. In any case, at IE you will have Spanish classes for free if you want to learn
06-30-2024
08:51:33 pm
User avatar IE Hello Inbar! At IE we also offer our internal test called the ieGAT. If you don't have a good GMAT score, this could be a great idea for your application
06-30-2024
08:50:14 pm
User avatar IE Hello Aster! Yes, the idea is to learn more about your profile besides your CV and your transcripts
06-30-2024
08:49:24 pm
User avatar IE Hello Shahak! The tuiton for the International MBA is €82,300 and we offer 20 types of scholarshisps at IE. You can apply to 3 at the same time. If want to learn more about it, we can have a one-to-one meeting but in the meantime, you can see more info at https://www.ie.edu/ie-foundation/talent/scholarships/
06-30-2024
08:48:34 pm
User avatar Oren Do I need to learn Spanish for better chances of job?
06-30-2024
08:47:22 pm
User avatar inbar If I apply with low GMAT but improve it after the deadline, will you accept an update?
06-30-2024
08:46:54 pm
User avatar Aster Also, are the video/ppt presentation weighed equally?
06-30-2024
08:46:44 pm
User avatar IE Hello David! Our International MBA have 2 intakes: 1 in September and 1 in January. The program and the cohort is the same. It is just a matter of when you'll like to start your studies. If you decide to apply to the January intake you are just in time
06-30-2024
08:46:25 pm
User avatar Aster As an international applicant, is there any specific approach I should take for the essays?
06-30-2024
08:45:45 pm
User avatar Shahak Could you please tell a little about the tuition and scholarships?
06-30-2024
08:44:10 pm
User avatar David I saw IE have a January MBA. can you share the differences between September and January? I want to start as soon as possible, but dont want to apply to a program I have fewer chances (about me. I have been in the IDF for 7 years)
06-30-2024
08:43:21 pm
User avatar David Venisse, thank you for answering questions here
06-30-2024
08:41:15 pm
User avatar IE Hello Rotem! Yes, we do
06-30-2024
08:40:58 pm
User avatar IE Hello Aster. The essay at IE in under the part "express yourself" and it could be in different formats, such as an essay as you mentioned but also, a video, ppt presentation, etc. It is a fundamental part of the admission process because it is a way for the Admission Department to know you a little more and decide if they select you for the interview
06-30-2024
08:37:53 pm
User avatar rotem Hi Venisse, do you consider military experience as work experience for MBA candidates?
06-30-2024
08:37:42 pm
User avatar Aster How much weight do the essays hold in the application?
06-30-2024
08:35:27 pm
User avatar IE Hello Noam. Of course :)
06-30-2024
08:35:02 pm
User avatar IE Hello everyone! My name is Venisse Castro, and I am the Regional Manager at IE Business School. In my role, I am dedicated to supporting and guiding Israeli candidates as they apply to the school and I will be your main point of contact. I look forward to meeting many of you, and I am here to support you if you have any questions.
06-30-2024
08:34:30 pm
User avatar Noam Hi IE, may I ask a question?