IESE Business School

IESE Business School
Established	1958
Type	Private
Endowment	US$ 32.64 Million
Dean	Jordi Canals
Academic staff	167
Admin. staff	98 full-time professors, 46 part-time professors, 19 visiting professors, 62 researchers, and 350 non academic staff.
Students	MBA 500, Executive MBA 520, Global Executive MBA 60, MRM and PhD 41, Executive Education 520.
Location	Barcelona and Madrid, Spain
Campus	Urban
Affiliations	University of Navarra
Website	www.iese.edu

IESE Business School (Instituto de Estudios Superiores de la Empresa, English: "Institute of Higher Business Studies" or "International Graduate School of Management") is the graduate business school of the University of Navarra. IESE has campuses in Barcelona, Madrid, and New York City and teaching facilities in Munich and Sao Paulo. IESE offers Master of Business Administration (MBA) and Executive MBA programs that are consistently ranked among the best in the world. IESE is an initiative of Opus Dei, a personal prelature of the Catholic Church. IESE's endowment in December 2006 stood at an all-time high of US$32.64 million.

IESE came into prominence in 1964 by launching the first two-year MBA program in Europe under the guidance of the Harvard Business School. The Harvard-IESE Joint Advisory Committee was established in 1963 and continues to meet annually concerning matters of mutual interest. In 2007, IESE began offering academic programs in the United States with the opening of the Institute for Media and Entertainment (IME) in New York City. With the opening of its state-of-the-art New York Center campus in midtown Manhattan in April 2010, IESE became the first European business school to establish permanent operations in the U.S.

Some of the Programs Offered

• MBA
• Executive MBA
• Global Executive MBA
• Master of Research in Management
• Ph.D in Management
• General Management Programs
• Short Focused Programs
• Custom Programs
• Alumni Continuous Education Programs
• International Faculty Program
• Global CEO
• Public Management Programs
• Healthcare Initiative
• Sport Business Management Program

Chronology

• 1957: Professor Antonio Valero lays the groundwork for the foundation of IESE
• 1958: Advanced Management Program launched
• 1959: Executive Development Program launched and Continuing Education programs for alumni introduced.
• 1961: General Management Program launched. IESE Alumni Association established.
• 1963: Harvard-IESE Joint Advisory Committee established.
• 1964: Master of Business Administration Program (MBA) established.
• 1967: IESE helps establish IPADE, the business school in Mexico City. Goes on to assist in the establishment of 11 other associated schools on 4 continents.
• 1969: PhD in Management established.
• 1974: Executive programs offered in Madrid.
• 1980: IESE establishes Bilingual MBA Program.
• 1982: Executive MBA established in Madrid.
• 1989: International Advisory Board (IAB) established.
• 1991: IESE's Madrid campus dedicated by King Juan Carlos I. International Faculty Development Program for business professors established.
• 1992: New library building dedicated in Barcelona.
• 1993: IESE introduces International Executive Education programs.
• 1994: IESE's first international alliance program launched. Future partners to include Harvard Business School, MIT Sloan School of Management, the University of Michigan Business School.
• 1996: Introduction of Short Focused Programs for senior managers.
• 1997: ISE of Sao Paulo, Brazil founded.
• 2001: Global Executive MBA established.
• 2002: Advanced Management Program launched in Brazil; Campus expansion project.
• 2003: Launch of Advanced Management Program in Barcelona. IESE and ISE launch program for Management Development in Brazil.
• 2004: China International Executive Program launched, Barcelona-Shanghai. Ground is broken for new campus facilities in Barcelona. IESE inaugurates new Madrid Campus. IESE introduces Executive Development Program in Cairo, Egypt
• 2005: Advanced Management Program launched in Munich, Germany. CEO's Forum launched. Program for Management Development begins in Madrid.
• 2006: Harvard Business School, CEIBS and IESE launch the Global CEO Program for China. IESE introduces the Inside India Program in collaboration with the Indian School of Business. The school introduces the Advanced Management Program in Warsaw, Poland.
• 2007: IESE establishes its offices in New York. New campus buildings in Barcelona inaugurated by King Juan Carlos I and Queen Sofía of Spain. The school celebrates its 50th anniversary.
• 2008: Senior Executive Program in Miami launched. "Renovation on IESE's new center in New York begins".
• 2009: New Global CEO Program for Latin America with CEIBS and Wharton
• 2010: New building in New York

Rankings

In 2011, The Financial Times ranked IESE's Open Programs as first in the world. It also classified IESE's Executive Education programs as second in Europe and third in the world.

In 2010, The Economist ranked IESE's MBA program as the 1st two-year MBA program in Europe and 5th in the world. In 2009, The Economist ranked IESE's program as the top two-year MBA program in the world. In the 2010 QS Global 200 Business Schools Report the school was ranked 4th in Europe.

IESE had previously ranked as number one business school in the world based on the study of the Economist Intelligence Unit of 2005 and 2006. The criteria on which The Economist bases its ranking are (a) opening of new career opportunities (35%), (b) personal development/educational experience (35%), (c) increase in salary (20%), and (d) potential to network (10%).

IESE also ranked 9th in the world tied with MIT Sloan School of Management based on a 2010 assessment by the Financial Times, and first among non-U.S two-year MBA programs according to Forbes magazine in 2007.

IESE is involved in joint-venture executive education, offering open-enrollment programs in partnership with business schools and companies in the U.S. and elsewhere since 1994. The school's in-company programs have attracted such clients as Bertelsmann, British Telecom, Boeing, Fortis, Henkel, Oracle Corporation, Sun Microsystems and Volkswagen in recent months.

Admission to the MBA program

Key Admission Stats – IESE MBA:

Average GMAT of admits: 678

Average Age of admits: 27

Candidates applying to the IESE Business School are advised to show how they are different or unique (i.e. via a great achievement in music or sports, a significant international experience, interesting work experience, etc.), and how this will allow them contribute to the program. [2]. Also, it is important to show open-mindedness and willingness to learn from differences.

As part of the admission process, the school offers candidates the option of a preparatory informational interview before submitting an application. Admission requirements include official transcripts, GMAT score, essays, two letters of recommendations and test of English. The application may be completed in English or Spanish.

Academic Alliances

IESE offers MBA semester exchange programs at the following partner schools:

• Berkeley: Haas School of Business, U.C. Berkeley, USA
• CEIBS: China Europe International Business School, China
• Chicago: The University of Chicago Graduate School of Business, USA
• Columbia: Columbia Business School, Columbia University, USA
• Cornell: Johnson Graduate School of Management, Cornell University, USA
• Darden: Darden Graduate School of Business Administration, University of Virginia, USA
• Duke: The Fuqua School of Business, Duke University, USA
• HEC: HEC School of Management, France
• IAE: Instituto de Altos Estudios Empresariales, Universidad Austral, Argentina
• ISB: Indian School of Business, India
• Keio: Keio University, Japan
• Kellogg: Kellogg School of Management, Northwestern University, USA
• LBS: London Business School, University of London, UK
• MBS: Melbourne Business School, The University of Melbourne, Australia
• Michigan: Stephen M. Ross School of Business, University of Michigan, USA
• MIT: Sloan School of Management, MIT, USA
• NUS: National University of Singapore, Singapore
• NYU: New York University Stern School of Business, New York University, USA
• RSM: Rotterdam School of Management, Erasmus University, The Netherlands
• Tuck: Tuck School of Business at Dartmouth, USA
• UCLA: UCLA Anderson School of Management, University of California, Los Angeles, USA
• UNC: The Kenan-Flagler Business School, University of North Carolina, USA
• Wharton: The Wharton School of the University of Pennsylvania, USA
• Yale: Yale School of Management, Yale University, USA

Associated Business Schools

In the same way that IESE was guided by Harvard Business School when it was first established, IESE has helped establish various other high-quality business schools, mainly in developing regions of the world. IESE was helped in these projects by the Global Business School Network. These schools include:

• AESE (Associaçao de Estudos Superiores de Empresa)

Lisbon, Portugal, Founded in 1980

• CEIBS (China Europe International Business School)

Shanghai, China, Founded in 1994

• ESE Business School (Escuela de Negocios)

Universidad de los Andes (Chile), Santiago, Chile, Founded in 1999

• IAE (Escuela de Dirección y Negocios)

Universidad Austral, Buenos Aires, Argentina, Founded in 1978

• IDE (Instituto de Desarrollo Empresarial)

Guayaquil, Ecuador, Founded in 1993

• IEEM (Instituto de Estudios Empresariales de Montevideo)

Universidad de Montevideo Montevideo, Uruguay, Founded in 1994

• IME (Institute for Media Entertainment)

New York, United States Founded in 2004

• INALDE (Instituto de Alta Dirección Empresarial)

Universidad de la Sabana, Bogotá, Colombia, Founded in 1986

• IPADE (Instituto Panamericano de Alta Dirección de Empresa)

Universidad Panamericana, Mexico City, Mexico, Founded in 1967

• ISE (Instituto Superior da Empresa)

São Paulo, Brazil, Founded in 1997

• LBS (Lagos Business School)

Pan-African University, Lagos, Nigeria, Founded in 1992

• MDE Business School (IHE-Afrique)

Abidjan, Côte d'Ivoire, Founded in 2003

• NU School of Business (Nile University)

Smart Village, 6th of October City, Egypt, Founded in 2009

• PAD (Escuela de Dirección de la Universidad de Piura)

Universidad de Piura, Peru, Founded in 1979

• SBS (Strathmore Business School)

Strathmore University, Nairobi, Kenya, Founded in 2005

• School of Business Administration

University of Asia and the Pacific, Manila, Philippines, Founded in 1995

• UNIS Business School (Universidad del Istmo)

Guatemala City, Guatemala Founded in 1977

IESE's International Advisory Board

In keeping with IESE's international outlook, an International Advisory Board (IAB) has been operating since 1989, composed of Chairmen and CEO's from multinational corporations in Europe, Asia and the Americas. The IAB's mission is to advise IESE's management on all matters related to current trends in the economy and business management.

IESE’s International Advisory Board meets annually to discuss the school’s development over the past year, as well as upcoming challenges and goals. The most recent edition of the meeting was held on April 17, 2009.

Notable IAB members include Michel Camdessus of the Banque de France, Victor K. Fung of the Li & Fung Group, N.R. Narayana Murthy of Infosys Technologies, Rafael del Pino of Ferrovial, Franck Riboud of Groupe Danone, Martin Sorrell of WPP Group and Peter Sutherland of BP.

IESE New York Center

165 West 57th St

In 2010, IESE inaugurated a new executive education center located in midtown Manhattan.

Located at 165 W 57th Street, the newly refurbished building was originally designed to showcase the arts. Built in 1916 and located across the street from Carnegie Hall, it was commissioned by Louis H. Chalif (1876–1948) from the brother architects George and Henry Boehm to house his dance studio and the Normal School of Dancing. The design called for an asymmetrical facade with motifs inspired by the Italian Renaissance and Mannerism periods. It was to feature tan-gray colored brick laid in a diamond pattern and polychrome terracotta with classical and theatrical references that adorn the upper stories of the building.

In 2007, the building was chosen to be IESE Business School's new home in North America: the IESE New York Center. The building's facade has been preserved, while the interior – with 25,000 square feet (2,300 m²) of space on six floors – has been transformed into a state-of-the-art learning environment. The center will feature multi-functional spaces for breakout sessions, food services, working spaces for staff and research assistants, two large amphitheater-style classrooms, offices and a chapel.

Institute for Media and Entertainment (IME)

IESE's New York Center is home to the Institute for Media and Entertainment (IME). With IME’s research support, IESE delivers executive education programs for companies and individuals from leading firms in the industry like Disney, Google, Time Warner, Viacom, Discovery and others. IME and IESE are program partners in the Advanced Management Program (AMP) in Media and Entertainment or the "Media AMP." The Media AMP is an intensive business education program for seasoned, high-potential executives from media and entertainment companies all over the world. The program is a first of its kind in the industry and is jointly offered with industry thought leader The Paley Center for Media.

Other media and entertainment programs offered at the IESE New York Center include Advanced Digital Media Strategies and Branding in Media and Entertainment. Custom programs are also developed for companies to address their specific business and executive training needs.

Additionally, IME maintains a media and entertainment business blog that provides free research reports and commentary regarding industry news and trends.

IESE International Case Competition

The IESE International Case Competition is an annual business case competition run by IESE for MBA students from across the world. The competition has been held since 1995, and is sponsored by Roland Berger Strategy Consultants.

Winning Teams

• 2011:
  • 1st: Saïd Business School,University of Oxford - Ravi Sinha, Jennifer Toda, Rebecca Peredo

• 2010:
  • 1st: IESE - Anna Marie Harling, Patricia Riopel, Michael Dallala, Eric Laux
  • 2nd: Kellogg School of Management - Donnell Mata, Edmund Leung, Victoria Pomarnevska, Robert Serrano

• 2009:
  • 1st: London Business School - Alexis Alphand, Jerome Combes, Ella Goldner, Bjoern Koertner
  • 2nd: IESE - Nick Edwards, Shuchi Sharma, Shilpika Gautam, Katharina Lueth

• 2008:
  • 1st: Chicago GSB - Bharat Kapoor, Dustin Lyman, Nayan Patadia, Michelle Warner
  • 2nd: Oxford - Mark Davis, Carlos Clavijo, Victor Martínez-Sánchez, Ke Dai

• 2006:
  • 1st: London Business School - Mauricio Achurra, Ian Craig, Christophe Haugen, Grant Smith
  • 2nd: MIT Sloan School of Management - Tal Ben-Shahar, Scott Roberts, Yulia Shpilman, Bryant C. Vernon

• 2005:
  • 1st: MIT Sloan School of Management - Jed Finn, Prem Pavoor, Brian Greenfield, Mark Shalhoub
  • 2nd: Wharton School of Business - Matthew Jeffers, Michelle Tejero, Madhur Aggarwal, CK Siu

• 2004:
  • 1st: Richard Ivey School of Business - Larissa Chaikowsky, Rayomand Golwala, Monica Chen and Marcel Guay

• 2003:
  • 1st: Kellogg School of Management - Attila Toth, Paolo Cuomo, Alberto Spangaro and Arlindo Eira Filho.

Notable faculty

• Pankaj Ghemawat
• Marian Moszoro

Notable alumni

• Juan Antonio Samaranch, Advanced Management Program AMP - 1962, former President of the International Olympic Committee
• Miguel Sanz, General Management Program GMP - 1997, president of the Government, Navarre, Spain
• Erich Joachimsthaler, Founder and Chief Executive Officer of Vivaldi Partners

References

Paco Ybarra - Head, Citigroup Global Markets

External links

• IESE Website