IE Business School

IE Business School
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
Main campus building

IE Business School is a graduate school located in Madrid, Spain. It was founded in 1973 with the name Instituto de Empresa.

According to Financial Times IE has one of the most competitive MBA programs in the world offering both full-time and executive MBA programs. Forbes ranked the MBA program 3rd worldwide in 2011. The Executive MBA program was ranked 1st worldwide by The Economist in 2010, 4th worldwide by America Economia in 2011, and 1st in Europe by Wallstreet Journal in 2010. Bloomberg BusinessWeek ranked IE 3rd worldwide in their non-US school ranking in 2010.

The School runs master's degree programs, executive master's degrees, executive education programs, PhD and DBA programs. Approximately 1,900 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.

Campus

IE Business School is situated in Madrid's financial district. The IE campus currently occupies a total surface area of some 27,864m² (including garage space). 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.

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 MIT Sloan School of Management. As of March 2010, IE and Brown University have started to offer the IE Brown Executive MBA.

Entrepreneurship

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.

MBA programs

International MBA

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.^{[citation needed]}. 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.

Global MBA

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.^{[citation needed]}

Master in International Management

The Master in International Management is aimed for persons without 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, i.e. develop his own research/consultancy project.

Doctoral programs

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.

Specialized master’s degrees

The School runs the following English-taught specialized master’s degree programs:

Master in Finance (full time)

Master in Advanced Finance (full time)

Executive Master in Finance Bi-weekly (blended)

Master in Global Finance (blended)

Master in Digital Marketing (blended)

Master in Sports Management (blended)

Master in Biotechnology (blended)

Master in Tourism Management (blended)

Executive Master in Marketing (blended)

Executive education

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.

Accreditations

IE is accredited by the three leading accreditation entities for business education: Florida-based AACSB, London-based AMBA and Brussels-based EQUIS. This makes IE one of the three triple-accredited business schools in Spain and one of only 55 schools with Triple accreditation in the world.

Rankings

Recent rankings

• Financial Times, January 2010, MBA Ranking, 6th worldwide, 3rd in Europe, 1st in Spain [11]
• Wall Street Journal, September 2009, Top MBA Programs under 2 years long, 1st worldwide [12]
• QS Global 200 Business Schools Report 2009, 8th in Europe
• Financial Times, May 2009, Top Executive Education Open Programmes 2009, 4th worldwide, 2nd in Europe [13]
• Financial Times, January 2009, MBA Ranking, 6th worldwide, 3rd in Europe, 1st in Spain [14]
• Financial Times, December 2009, European Business Schools Ranking, 5th in Europe, 1st in Spain
• Financial Times, October 2009, Executive MBA Ranking, 7th worldwide, 2nd in Europe
• BusinessWeek, November 2009, Executive MBA, 6th worldwide, 1st in Europe
• Forbes, August 2011, Top Non-U.S. One-Year Business Schools, 3rd worldwide [15]
• The Economist, October 2009, MBA Ranking, 16th worldwide, 7th in Europe
• Wall Street Journal, September 2009, MBA Ranking, 1st worldwide
• América Economía, June 2011, MBA Ranking, 4th worldwide [16]
• América Economía, November 2009, Executive Education Ranking, 7th worldwide, 1st in Europe

Notable faculty

• Eduard Punset Casals, Innovation and technology professor, lawyer, economist, and scientific popularizer
• 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 200-2003, Madrid Councilor for Employment 2003-2007, Madrid Health Councilor 2007-2010

Notable alumni

• Richard Alden, CEO of ONO

External links

• IE Business School Main Website

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