IE Business School Overview

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Updated August 09, 2023
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IE Business School

Investopedia / Yurle Villegas

What Is the IE Business School?

IE Business School is a business school based in Madrid, Spain. The school offers degrees in undergraduate, graduate, and doctorate programs, along with courses in executive education. Founded in 1973 by a team of three entrepreneurs, the school is known for cultivating an entrepreneurial attitude among its students, and its MBA is ranked as one of the best in the world.

The school has partnerships with some of the most prestigious institutions in the United States and includes over 30 master's programs. It is often ranked as one of the best business schools in the world.

Key Takeaways

  • The IE Business School is a business school based in Madrid.
  • The school was founded in 1973 and is known for its entrepreneurial and innovative approach.
  • It boasts a highly diverse student body, with over 90% of students born outside Spain.
  • Students can pursue various multidisciplinary and dual-degree programs, many of which involve partnerships with other business schools throughout the world.

IE Business School Programs

The IE Business School is considered a highly innovative institution, which was founded in 1973 by a team of entrepreneurs.

The school offers degrees at various levels. Undergraduate students can earn a bachelor's degree, which includes concentrations in business administration, and dual degrees in business administration and international relations, data and business analytics, or law.

Masters programs include concentrations in management, finance, digital marketing, and digital business. MBA options include an Executive MBA, International MBA, and a Global Executive MBA. The school also offers doctorates and certificates.

The full-time MBA program at IE Business School runs for a year, with admissions taking place every September and January.

The school’s dual-degree programs are also offered in collaboration with specific partner institutions so as to best combine the strengths of the organizations involved. For example, IE Business School partnered with Yale to offer a dual degree that combines an International Master of Business Administration (MBA) with a Master of Advanced Management.

IE Business School has a well-developed portfolio of foreign exchange agreements with international universities. Students who are enrolled at IE Business School can visit the United States, Malaysia, China, and South Korea. The school continues to strike up partnerships with others on an ongoing basis.

Student Body and Placement

The school's student body is made up of students from more than 70 countries, with 90% of the class being international. The average age of students is 29 and the average work experience is five years. Of the student body, 50% don't have business- or economics-related degrees.

IE Business School provides students with programs in an in-class setting at its Madrid campus. The school does offer online programs as well. The school's philosophy is to teach students in a way that's structured just like the corporate world. Students gain experience through labs and other projects, as well as international competitions that allow them to collaborate with others to gain real-world experience.

IE Business School has strong job placement, with 90% of graduates receiving job offers within three months of graduating. These students find jobs at over 3,500 companies worldwide. Some of these companies include Samsung, Tata, Chloe, AXA, and Porsche.

Admission and Fees

The International MBA program's tuition costs €82,300. The admission process requires an application, an online assessment, an entrance exam, either the IE Global Admission Test or the GMAT or GRE, and a personal interview. The Global Online MBA costs significantly less; tuition is €51,000.

What Is the Average GMAT for IE Business School?

The average GMAT score for IE business school is 677. The school also accepts GRE scores and the IE Global Admission Test.

How Much Does IE Business School Cost?

The cost of IE Business School will depend on the degree and program an individual is completing. For example, the International MBA costs €82,300 and the Global Online MBA costs €51,000.

What Is the Rank of IE Business School?

The rank of a business school will depend on the specific publication ranking it. The Financial Times ranked IE Business School's MBA program no. 22 in 2023.

The Bottom Line

The IE Business School is the business school at IE University in Madrid, Spain. The school offers a variety of programs and degrees with a diverse student body. The school is highly-regarded and successfully places its students in jobs after graduation.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. IE Business School. "Our History."

  2. IE Business School. "An MBA Out of the Ordinary," Page 4.

  3. IE Business School. "Who We Are."

  4. IE Business School. "The Programs."

  5. IE Business School. "Dual Degrees."

  6. IE Business School. "Teaching Methodology."

  7. IE Business School. "An MBA Out of the Ordinary," Pages 7, 54, & 62.

  8. IE Business School. "Global Online MBA Admission Process."

  9. IE Business School. "International MBA Application Process."

  10. Clear Admit. "IE Business School."

  11. Financial Times. "Business School Rankings."

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