IE Business School

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IE Business School
IE Business School logo.jpg
Established 1973
Type Private business school
President Diego del Alcázar
Dean Santiago Iñiguez
Students 7,500
Location Madrid, Spain
Campus Urban
Website Ie.edu/business-school

IE Business School is a graduate school located in Madrid, Spain. It was founded in 1973 under the name Instituto de Empresa and since 2009 is part of IE University.

IE Business School runs master's degree programs, executive master's degrees, executive education programs, PhD and DBA programs. Approximately 1,900 students from 90 countries undertake degree programs at IE each year. There are approximately 5,600 annual participants in the school's executive education programs. The school has offices in 22 countries and approximately 40,000 alumni residing in 102 countries.[1] IE Business School is recognized as one of the leading Business Schools in the world. The Financial Times has ranked it as the best Business School in Europe in 2012[2] and 2013;[3] While Forbes has ranked it #5 Worldwide in 2013.[4]

IE Business School is owned and controlled by Instituto de Empresa S.L., a firm registered under the number B82334319 in Madrid, which in turn is owned by the holding firm Azalvaro S.L. The majority stakeholder (99% of shares) of Azalaro S.L. is Diego Alcázar Silvela.[5]

Campus[edit]

IE Business School is centrally situated in Madrid's financial district (Barrio de Salamanca). The IE campus currently occupies a total surface area of some 27,864m2 distributed amongst 17 buildings. This includes 53 lecture halls with an average capacity of 50 students each, 5 computer rooms, 92 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 distributed in different parts of Calle Maria de Molina (between metro stations Gregorio Marañón and Avenida de America) and the adjacent Calle Serrano area.

The flagship IMBA program run by the IE Business School attracts students from various countries and is run through the building located at Calle de Maria de Molina, 31, which recently opened in 2012, and is currently expanded by another new building, which will open in Q3 2014.

Partner universities and institutions[edit]

IE Business School has MBA student exchange programs with 53 international universities. It 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,[6] 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).[7]

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.[8]

IE Business School has a dual degree option in collaboration with the MIT Sloan School of Management.[9] As of March 2010, IE and Brown University have started to offer the IE Brown Executive MBA (which since 2014 awards a double degree from each IE Business School and Brown University).[10] Since 2014 IE also offers a new blended MBA with Singapore Management University.

Entrepreneurship[edit]

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 is a support framework for students' business projects and its venture network gives students access to facilities and advice in order to facilitate the implementation of their start-up ideas. Business plan development is a core component of all masters degree programs at IE Business School.

Twice a year, IE hosts a Venture Day in April and November. This consists of several panels conducting conferences and workshops about various aspects related to entrepreneurship. Investors from PE firms, incubators, accelerators, as well as dignitaries attend the event. The finalists of the Venture Lab also have the opportunity pitch in front of various investors and thus, the Venture Days are the main entrepreneurship events at IE. Former Venture Days tool place in international locations including Madrid, Shanghai and Sao Paolo.

List of successful startups launched at IE Business School:

  • Busuu - raised $4.7M in funds
  • Tyba - raised €1M after Venture Day participation
  • Club Kviar - raised €1M after Venture Day participation
  • Native Ad - joined 500 STARTUPS (Silicon Valley Accelerator)
  • People Sports - raised €500K after Venture Day participation
  • Mygon - raised $700k in funds

MBA programs[edit]

International MBA (IMBA)[edit]

IE's international full-time MBA, was established in 1983 and runs for 13 months and has two intakes each year in the months of November and April. Each year, more than 600 IMBA students graduate in December and May respectively. The program is divided into five terms, three core and two elective along with a pre-program covering quantitative methods and financial accounting. The program has a flexibility for students to choose the Spanish version or an English version with electives in English or Spanish respectively. The IMBA November 2012 intake consisted of 92% international students and 68 nationalities with an average work experience of 5 years. Students can choose from around 80-100 electives during the elective period as well as a broad set of alternative offerings such as Consulting Projects, International Exchange Programs, Internships and Volunteering Projects.

Global Executive MBA[edit]

The Global Executive MBA Program at IE is a blended program which combines online periods with onsite modules in Spain, China, USA and Brazil. In addition to traditional MBA components, the program has a special focus on Asian markets, sustainable development, and the liberal arts.

The Global Executive MBA Program runs for 13 months, and the average age of participants is 37 years old. The average class size is 32 students, comprising typically 20 nationalities.

Executive MBA[edit]

The Executive MBA has a duration of 15 months and is offered in two different formats, both combining residential modules with interactive online classes. It consists of five building blocks: Soft skills, Hard skills, Networking, Career Management and Entrepreneurship. Executive MBA participants are professionals with extensive (min 10 years) experience from a wide range of functional backgrounds, industries and geographical locations who want to master skills beyond their area of expertise, leading to a strategic level of responsibility.

Global MBA[edit]

Considered as the best online MBA in the world by the Financial Times, the Global MBA delivers a learning experience which combines interactive online teaching via video conferences and debate forums, with short face-to-face periods at the IE Campus in Madrid. The Global MBA runs for 15 months and the average age of participants is 30 years old.

Master in Management[edit]

The Master in Management is for people with 0–2 years of work 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 in the so-called Beyond Border Experience. During the third term, students study one of the following business specializations: International Business, Sales & Marketing or Digital Business. Students can also opt to do a Dual Specialization by doing an additional specialization, do an International Exchange program, or join the IE Venture Lab, i.e. undertake research or a consultancy project.[11]

Masters in Finance and Advanced Finance[edit]

IE offers both pre and post-experience specialized masters in finance. The Master in Finance is a pre-experience, 10-month course designed by capital markets professionals with a practical approach to the subjects covered. The first two terms are dedicated to the core curriculum, which covers the key topics in finance. During the third term students choose elective courses.

Students can avail of preparation classes for the CFA Level I exam. IE Master in Finance students have five scholarships available per calendar year to enable them to take CFA level I, and five students are selected per annum to take part in the CFA Research Challenge. Students may participate in micro-finance projects in Ghana.[12] Students have the option of going to New York with students from other Finance programs.

The IE Master in Finance program was ranked No. 2 globally in the 2012 Financial Times Masters in Finance ranking (Pre-experience),[13] and has an average GMAT entry score of 690.[14]

Ninety per cent of students in the MiF program are non-Spanish (from approximately 30 countries).[15]

Doctoral programs[edit]

IE Business School has both Ph.D. and DBA programs. The Ph.D. 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 Ph.D. focuses more on the development of new theories relating to the practice of business. IE Business School accepts a maximum of 15 DBA students per year; the average intake is 5 students. The director of the Ph.D. program is Professor Angel Díaz Matalobos.[16]

Executive education[edit]

Approximately 5,600 participants attend open and in-company programs at IE Business School each year.

The English edition of the Advanced Management Program[disambiguation needed] (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.

Accreditations[edit]

IE is accredited by the three leading accreditation entities for business education: Florida-based AACSB, London-based AMBA and Brussels-based EQUIS.[17][18][19] IE is one of the three triple-accredited business schools in Spain and one of the 57 schools in the world with Triple accreditation.

It is the first European institution to form part of the Beta Gamma Sigma Honor Society.[20]

Rankings[edit]

Recent rankings[edit]

  • Forbes, 2011, Best International 1-year MBA Programs, 3rd Worldwide[21]
  • Financial Times, 2012, European Business School Ranking, 1st in Europe[2]
  • Financial Times, 2012, EMBA Ranking, 12th Worldwide[22]
  • Financial Times, 2013, Masters in Management, 5th Worldwide[23]
  • Financial Times, 2013, Masters in Finance (Pre-Experience) Ranking, 3rd Worldwide[13]
  • Financial Times, 2013, Global MBA Ranking, 11th Worldwide[24]
  • Financial Times, 2013, European Business School Ranking, 1st in Europe[25]
  • Financial Times, 2014, Global MBA Ranking, 13th Worldwide[26]
  • The Economist, 2012, International Full-Time MBA Ranking, 22nd Worldwide[27]
  • The Economist, 2013, EMBA Ranking, 2nd Worldwide
  • Bloomberg BusinessWeek, 2011, EMBA Programs Ranking, 4th Worldwide
  • Bloomberg BusinessWeek, 2012, Full-Time MBA Programs Ranking, 3rd Worldwide
  • Wall Street Journal, 2009, One-Year MBA Programs Ranking, 1st worldwide[28]
  • Poets and Quants, 2012, International Business School Ranking, 4th Worldwide[29]
  • América Economía, 2009, Executive Education Ranking, 7th worldwide, 1st in Europe
  • América Economía, 2013, Ranking Global de las Mejores Escuelas de Negocios, 5th Worldwide
  • América Economía, 2014, Ranking Global de las Mejores Escuelas de Negocios, 4th Worldwide
  • CNN Expansion, 2013, Ranking de los Mejores MBA en el mundo, 13th Worldwide
  • QS Global 200 Business Schools Report 2012/2013, 4th in Europe

Notable faculty[edit]

  • Eduard Punset Casals - Innovation and technology professor, lawyer and economist
  • Eric Reiss - Former President of the Information Architecture Institute and author of Practical Information Architecture
  • Martín Varsavsky - Argentine entrepreneur, author and professor
  • Juan José Güemes - Former Politician, General Secretary of Tourism 2000-2003, Madrid Councilor for Employment 2003-2007, Madrid Health Councilor 2007-2010, accused by Spanish daily El Confidencial of breach of ethics for later working for a company that had previously benefited from privatization while he was the Madrid Health Councillor[30] He resigned immediately stating in a subsequent article in Spain's ABC newspaper that he wanted to remove all possibility of unfair criticism of conflict of interest in order to continue to promote collaboration between public and private sector organizations.[31]

Notable alumni[edit]

Full-time MBA:

  • Richard Alden - Former CEO of ONO
  • Bernhard Niesner and Adrian Hilti - Founders of busuu
  • Kyle Denning - Entrepreneur, Managing Director of Viability Africa
  • Jose María Castillejo - CEO & Founder of Zinkia
  • Andrea Casiraghi - eldest son of Caroline, Princess of Hanover, second in the line of succession to the Monegasque throne
  • Ian C. Armstrong Zambrano - Board of Directors CEMEX S.A.B. de C.V. Cemex
  • Francisco Javier Leirado Campo - CFO at Mecalux and former CEO of Schindler Iberia
  • Pablo Juantegui Azpilicueta - CEO of Telepizza and COO Spain at Hibu
  • José María Sanz-Magallón - Former CEO of Telefonica Internacional USA
  • Manuel Jiménez Hildago de Torralba - COO of Air Nostrum (Iberia Regional)
  • Carlos M. Bertomeu Martínez - CEO of Air Nostrum (Iberia Regional) and former Board Member of Vueling
  • Juan Pablo San Agustín Rubio - Executive Vice President and Board Member of CEMEX S.A.B. de C.V. Cemex
  • Philipp Hasskamp - Co-Founder and Former COO of Groupon Spain
  • Ramon Martin - Head of Global Merchant Sales and Solutions at Visa
  • José A. Fernández Ignacio - CEO Brasil at Indra
  • Adolfo de la Fuente Rodriguez - CFO New Zealand at Vodafone
  • Carlos Collado - CFO Spain at Mars


Executive MBA & Executive Education:

  • Jose Maria Tome - CFO & COO Latin America of Pearson
  • Fernando Lucero - CIO at Iberdrola
  • Larissa Yakovleva - CFO Russia at Nokia Siemens Networks
  • Carlos Caminero - CFO at Starcom Mediavest Group
  • Miguel Garcia - CEO Iberia at Starcom Mediavest Group
  • Emilio Barta - CFO Iberia & Greece at Teva Group

MBA Honoris Causa[edit]

The Alumni Association of IE Business School awards honorary MBAs to key players in the corporate and institutional world in recognition of outstanding services to the global society and their role in building effective relations between business theory and practice.

  • Bill Gates in 1991 - Co-Chair of the Bill & Melinda Gates Foundation and former chief executive and chairman of Microsoft
  • Luciano Benetton in 1992 - Former member of the Board of Directors Benetton Group and former Senator of the Italian Republic
  • Reuben Mark in 1992 - Former Chairman of the Board and Chief Executive Officer of Colgate-Palmolive
  • Carl Hahn in 1993 - Chairman Emeritus of Volkswagen Group
  • Michael Treschow in 1996 - Chairman Unilever, former CEO and Chair Man of Ericsson and former CEO of Electrolux
  • Jacques Santer in 1998 - Former Prime Minister and Finance Minister of Luxembourg
  • Romano Prodi in 2002 - Former President of the European Commission and former Prime Minsiter of Italy
  • Laszlo Kapolyi in 2002 - Founder of System Consulting ZRt and former Secretary of Industries of the Republic of Hungary
  • Larry Page and Sergey Brin in 2003 - Founders of Google
  • Craig Barrett in 2004 - Former Chairman and CEO of Intel

References[edit]

  1. ^ "IE Business School. About IE. International Offices". Ie.edu. Retrieved 18 September 2012. 
  2. ^ a b http://rankings.ft.com/businessschoolrankings/european-business-school-rankings-2012
  3. ^ http://rankings.ft.com/businessschoolrankings/european-business-school-rankings-2013
  4. ^ Forbes http://www.forbes.com/business-schools/list/international/ |url= missing title (help). 
  5. ^ "INSTITUTO DE EMPRESA SL de MADRID, Madrid: Informe mercantil, financiero y de riesgo". Einforma.com. Retrieved 18 September 2012. 
  6. ^ http://www.law.northwestern.edu/news/fall04/madridLLM.html
  7. ^ "Global GSMP". Globalsmp.com. Retrieved 18 September 2012. 
  8. ^ Wharton Global Consulting Practicum | The University of Pennsylvania
  9. ^ "Master's Programs | MIT CTL". Ctl.mit.edu. Retrieved 18 September 2012. 
  10. ^ "IE Brown Executive MBA | Brown University". Brown.edu. Retrieved 18 September 2012. 
  11. ^ "Master in Management | IE Business School". Ie.edu. Retrieved 18 September 2012. 
  12. ^ "Masters in Finance | IE Business School". Mif.ie.edu. Retrieved 18 September 2012. 
  13. ^ a b "Business school rankings from the Financial Times - Masters in Finance Pre-experience 2012". Rankings.ft.com. Retrieved 18 September 2012. 
  14. ^ "Masters in Finance | IE Business School". Mif.ie.edu. Retrieved 2012-09-18. 
  15. ^ "Masters in Finance | IE Business School". Ie.edu. Retrieved 18 September 2012. 
  16. ^ "Ángel Díaz". Angel.diaz.profesores.ie.edu. Retrieved 18 September 2012. 
  17. ^ "AACSB, Schools Accredited in Business"
  18. ^ "Association of MBAs (AMBA), Accredited MBA Programmes"
  19. ^ "EQUIS, Accredited Members"
  20. ^ "Awards | IE Business School". Ie.edu. Retrieved 18 September 2012. 
  21. ^ Forbes http://www.forbes.com/pictures/eidm45edgd/3-ie-business-school/ |url= missing title (help). 
  22. ^ http://rankings.ft.com/businessschoolrankings/emba-ranking-2012
  23. ^ http://rankings.ft.com/businessschoolrankings/masters-in-management-2012
  24. ^ http://rankings.ft.com/businessschoolrankings/global-mba-ranking-2013
  25. ^ http://rankings.ft.com/businessschoolrankings/european-business-school-rankings-2013
  26. ^ http://rankings.ft.com/businessschoolrankings/global-mba-ranking-2014
  27. ^ http://libguides.mba.wfu.edu/content.php?pid=207808&sid=1732467
  28. ^ Middleton, Diana (16 September 2009). "The Top M.B.A. Programs if You’re in a Hurry - WSJ.com". Online.wsj.com. Retrieved 18 September 2012. 
  29. ^ http://poetsandquants.com/school-profile/ie-business-school/
  30. ^ "Güemes dimite como consejero de Unilabs tras la polémica de la privatización.". Retrieved 18 April 2013. 
  31. ^ http://www.abc.es/local-madrid/20130115/abci-guemes-dimite-unilabs-201301151315.html

External links[edit]

40°26′18″N 3°41′18″W / 40.4382928°N 3.688209°W / 40.4382928; -3.688209Coordinates: 40°26′18″N 3°41′18″W / 40.4382928°N 3.688209°W / 40.4382928; -3.688209