Program Basics

• • MBA Full Time Program
  • IESE Business School
  • Avenida de Pearson 21
  • Barcelona, 08034
  • Spain
  • Program Web site: http://www.iese.edu/en/MBAPrograms/programs/MBA/home.asp?r=1&
  • Status: Private
  • Program e-mail address: mbainfo@iese.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Association of MBAs (AMBA)
    • EQUIS
    • European Foundation for Mgt. Development (EFMD)
    • Association of Collegiate Business Schools and Programs (ACBSP)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 1,195
  • Full-Time MBA: 548
  • Part-Time MBA: 597
  • PhD Program: 50

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $100,092.00
  • Nonresident: $100,092.00
  • Recommended annual budget (Resident): $30,000.00
  • Recommended annual budget (Nonresident): $30,000.00

PROGRAM LENGTH

• • Full-time program (months): 19

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2011
  • Deadline: Dec 5, 2011
  • Semester: Winter 2012
  • Deadline: Jan 16, 2012
  • Semester: Winter 2012
  • Deadline: Feb 13, 2012
  • Semester: Winter 2012
  • Deadline: Mar 12, 2012
• • Does the program have rolling admissions? Yes
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • TOEFL Internet Based Test
    • TOEFL Paper-based Test
    • U Michigan Language Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 1,804
  • Applicants who were accepted to the most recent class: 23 %
  • Admitted applicants who enrolled in the newest class: 70 %
  • Applicants who were re-applicants from prior years: 4 %
  • Percentage of this year's reapplicants accepted: 22 %
  • Applicants wait-listed during the last admissions cycle: 118
  • Wait-listed applicants admitted for the semester to which they applied: 9
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 67 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 87 %
  • Applications from women received: 25 %
  • Mean base salary forgone: $41,852.00
  • Median base salary forgone: $41,310.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 26 %
  • International: 80 %
  • Married: 12 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 27 %
  • Europe: 49 %
  • North America: 12 %
  • Latin America and the Caribbean: 11 %
  • Oceania: 1 %
• • Mean months of work experience of newest entering class: 48
  • Median months of work experience of newest entering class: 47

• Middle 80% range of work experience of newest entering class in months:

  • From: 24
  • To: 84
• • Median age of entering class: 28
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Central financial aid office at the university
  • Full-time MBAs who applied for financial aid for the current academic year: 79 %
  • Full-time MBAs receiving financial aid in the current academic year: 79 %
  • Mean MBA financial aid package for the current academic year: $42,500.00
  • Median MBA financial aid package for the current academic year: $35,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? As part of the admissions application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $42,000.00
  • Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study: 100 %
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? Yes
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $52,000.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? No

• GMAT score distribution (incoming class):

  • 50th Percentile (median) 675
  • Average GMAT Score 683

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 65
  • Average number of students in a full-time MBA elective class: 55
  • Elective courses available to full-time MBA students: 78

• Electives that have been added to the full-time program since June 30, 2010:

  • Market research, Leading growth: Strategies & Challenges, International Management, Globalization & Responsability
  • Internet Enabling Strategies, Winning Investing Strategies
  • Real Estate Investment & Finance, Executive Management Simulation,
  • Modern Happiness Studies,Social Media & Collaboration for Managers,
  • The Emergence of the Public Sector Enterpreneur, Value Investing

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Accounting
    • Human Resource Management
    • Leadership
    • Operations Management
    • Strategy
    • Economics
    • Organizational Behavior
    • International Business
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • General Management
    • Entrepreneurship
    • Leadership
    • Strategy
    • Organizational Behavior

FACULTY

• • Faculty employed by the B-school: 182

• Women on Faculty:

  • Tenured: 16
  • Non-Tenured: 2

• International Faculty:

  • Tenured: 53
  • Non-Tenured: 13

• Faculty with PhDs:

  • Tenured: 100%

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Business Ethics
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • New Media

• Networking clubs available to full-time MBA students:

  • • Partners/Family
    • Women in MBA
    • Volunteer
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 80 %
  • Distance Learning: 0 %
  • Experiential Learning: 5 %
  • Lectures: 5 %
  • Simulations: 5 %
  • Team Projects: 5 %
  • Other: 0 %

• Requirements for graduation:

  • • Students must complete a company-specific project and present results to relevant parties
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
    • Other
  • Students are required to complete 6 credits per term

TECHNOLOGY

• • Technology improvements in the last three academic years: MBA sudents are able to receive education materials on electronic tables (iPad) as well in their laptop. New eMail systems, expanding capacity and ease of use for students and faculty. Collaboration tools to strengthen student’s community build up, facilitate interaction with faculty and enabling blended learning (Roll out of WEBEX services). Relevant technology investments in Career Services and Coaching, partnering with leading employers and recruiters.
  • Amount spent: $4,000,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 8,819
  • Active MBA alumni clubs: 34
  • Countries in which MBA clubs exist: 109
  • Living MBA alumni who gave in past year: 64 %
  • Mean gift from MBA alumni: $911.00
  • Median gift from MBA alumni: $818.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $26,700,000.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://www.unav.es/english/alumni/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.iese.edu/en/OurCommunity/Alumninew/Home/home.asp?
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 94 %
  • Graduates not seeking employment: 2 %
  • Graduates for whom you have no information regarding employment: 4 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: London Banking Tour
  • Month: October
  • Amount Paid By School: None
  • Destination: Asia Tour
  • Month: December
  • Amount Paid By School: None
  • Destination: Boston - Japanese Career Fair
  • Month: November
  • Amount Paid By School: None
  • Destination: Madrid Energy Day
  • Month: March
  • Amount Paid By School: Partially Sponsored

• Primary source of job offer:

  • School-facilitated activities: 77 %
  • Graduate-facilitated activities: 23 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 82 %
  • Received first job offer in three months following graduation: 8 %
  • Received first job offer more than 3 months after graduation: 3 %
  • Did not report having received a job offer: 7 %
  • Accepted first job offer by graduation: 71 %
  • Accepted first job offer in three months following graduation: 15 %
  • Accepted first job offer more than 3 months after graduation: 2 %
  • Did not report having accepted a job offer: 12 %
• • Job-accepting graduates who received a signing bonus: 54 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $109,111.00
  • Median base salary: $101,990.00
  • Mean signing bonus: $12,860.00
  • Median signing bonus: $6,850.00
  • Mean other guaranteed compensation: $11,645.00
  • Median other guaranteed compensation: $9,864.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 28 %
  • Finance/Accounting: 28 %
  • General Management: 17 %
  • Marketing/Sales: 22 %
  • Operations/Logistics: 4 %

• Graduating students who accepted jobs in the following industries:

  • Government: 0 %
  • Consulting: 28 %
  • Consumer Products: 13 %
  • Financial Services: 20 %
  • Manufacturing: 5 %
  • Media/Entertainment: 0 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 8 %
  • Pharmaceutical/Biotechnology/Health Care: 8 %
  • Real Estate: 0 %
  • Technology: 7 %
  • Other: 10 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 11 %
  • Europe: 69 %
  • North America: 6 %
  • Oceania: 1 %
  • Latin America and the Caribbean: 12 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 70 %
  • Southwest: 10 %
  • West: 20 %
• • Internships awarded that are paid: 92 %

• Weekly internship compensation:

  • Mean: $820.00
  • Median: $830.00
• • Average internship length in weeks: 10

• • -IESE has been a great experience. The school has a very hands-on approach to teaching a comprehensive and integrated general management [course]. The small class size (210 people) yields a very friendly, informal, and close-knit atmosphere among students and professors...Barcelona is a great city and international students are able to learn Spanish.
    
    -Academically IESE is a great school, and from the point of view of learning, I am more than satisfied. It is very international in terms of its student body. The school is making efforts to be international in terms of job opportunities as well. While I believe that in this respect more can be done, I think that the school is making good progress, especially with the increase in the class size which will help attract more international recruiters.
    
    -I honestly believe that IESE is an outstanding business school. I learned more than I ever imagined, not only in terms of functional skills such as finance, marketing, etc., but especially in terms of personal development, social skills, and strengthening my character. I was amazed by how all the courses form a really good and consistent knowledge in all the general management areas. The relatively small student body made it possible to interact extensively with my peers and build lasting relationships that I am sure will be very enjoyable and valuable in the future.
    
    -I had the chance to go on exchange at a top MBA program in the United States. In comparison, I would urge my friends to come to IESE to be exposed to greater diversity, an excellent case method program, ethics topics in every case and class, and multiple languages while analyzing the U.S. economy and business environment from a different and more global perspective. Plus, Barcelona is an absolutely wonderful [place] to live, and the rest of Europe isn't so bad either.
    
    -I am not happy with the career opportunities I had after graduation. However, I feel that would have been the case regardless of the school I attended, because the employers are seeking specialists rather than generalists, which is what MBA programs produce. I believe that IESE gave me the best experience possible given the limitations.
    
    -I would only recommend the school to Europeans and South Americans because that seems to be the places where IESE is really well known. Apart from that, the school has a long way to go to build its name.
    
    -IESE is perfectly situated for American students who want to explore the international business environment in a dynamic and cooperative school environment. As IESE continues to grow in its international awareness, the school will only improve more and more.
    
    -Barcelona was a challenge to live in because the language was a barrier for an international student like me. But those frustrations helped me become a stronger, calmer, and [more] confident person overall.
    
    -IESE has a case study method of teaching and are very strict on discipline, which really helps. It's better than other colleges where attendance is not mandatory and classes are lecture based. One learns more from his peers than by listening to boring lectures. Case studies are the way to go as it is much more engaging and makes people participate in class, thereby making them confident speaking in a public forum.
    
    -Since enrolling in IESE I have three friends who are joining IESE as a result of my recommendation and successful passage through the program. I recommend IESE above all given its humble and truthful dedication to learning and to forming good leaders, its excellent group of professors (who will actually give you classes and know your names) and the very close relationship forged with every person working for the school.
    
    -I think the overall combination of academics, student body, location, and life lessons are unmatched by most other business schools. IESE provided all of the academic structure expected from a top business school, and it included soft skills and ethical values that are difficult to teach through a dedicated course. From a personal growth experience, the diversity of the student body and the possibility of interacting with most other top schools (through events, exchange programs, etc.) was an unexpected value added. I would highly recommend IESE to anyone wanting to develop an international profile and willing to challenge himself both personally and academically.
    
    -When I initially applied, apart from geographical considerations and rankings, I had a hard time differentiating programs from one another. A few schools were more famous for finance or marketing, but most programs didn't necessarily have a real specialty. In my shortlist, I had selected INSEAD and IESE for being based in Europe, well-ranked, and with a certain reputation for entrepreneurship. I ended up on both waiting lists and ultimately got accepted at IESE. Today I am thankful I didn't go to INSEAD because a one-year program would not have given me enough time to initiate a real career change. At IESE, I could use my summer internship, an exchange in Berkeley, and many extra-curricular activities to build credibility in entrepreneurship and innovation, which was my goal from the start of this MBA. And this led me to accept a position as senior product innovation manager at Samsung.
    
    -IESE is more than a business school that teaches amazing tools that can be applied in the professional world. IESE creates a really close community of people, who really feel attached to this community. I was not aware of it until I was part of it. It's more than an MBA program.