FULL-TIME MBA Profiles Publish Date 11/05/09

IESE Business School

Getting In

PROGRAM BASICS

Full-time MBA Program

Av. Pearson, 21
Barcelona , Spain

Program Web site:

www.mba.iese.edu

Status:

Private Institution

Program e-mail address:

mbainfo@iese.edu

Graduate business school is accredited by:

Association of MBAs (AMBA)

European Foundation for Mgt. Development (EFMD)

EQUIS

SCHOOL BASICS

Graduate business school enrollment:

Total: 1,026
Full-Time MBA: 489
Executive MBA: 487
PhD Program: 50

Other graduate degree programs:

N/A

PROGRAM COSTS

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

Resident : $ 98,813
Nonresident : $ 98,813
Recommended annual budget (Resident): $ 37,000
Recommended annual budget (Nonresident): $ 37,000

PROGRAM LENGTH

Full-time program (months):

ADMISSIONS

Application Deadlines

Deadline: January 18, 2010
Deadline: February 22, 2010
Deadline: April 19, 2010
Deadline: June 7, 2010

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 Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Minimum paper-based TOEFL score required for MBAs:

600

Relative Importance of Application Elements:

GMAT Score:

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:

1,776

Applicants who were accepted to the most recent class:

17 %

Admitted applicants who enrolled in the newest class:

78 %

Applicants who were re-applicants from prior years:

15 %

Percentage of this year's reapplicants accepted:

14 %

Applicants wait-listed during the last admissions cycle:

133

Wait-listed applicants admitted for the semester to which they applied:

Applicant interviews are:

Required

Applicants (admitted and denied) who were interviewed:

56 %

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

76 %

Applications from women received:

27 %

Mean base salary forgone:

$ 45,450

Median base salary forgone:

$ 45,450

CLASS PROFILE

Full-time students in newest entering class (2009-2010) that are:

Female: 28 %
International: 80 %
Married: 9 %

Students from following regions:

Africa : 1 %
Asia: 14 %
Eastern Europe and Central Asia: 3 %
Latin America and the Caribbean: 12 %
Middle East: 7 %
North America: 12 %
Oceania : 2 %
Western Europe: 49 %
Dual citizenship: 5 %

Percentage of U.S. students in newest entering class that are:

N/A

Percentage of U.S. students in newest entering class who are from the following regions:

N/A

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

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

From: 24
To: 75

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs who applied for financial aid for the current academic year:

78 %

Full-time MBAs receiving financial aid in the current academic year:

69 %

Mean MBA financial aid package for the current academic year:

$ 39,000

Median MBA financial aid package for the current academic year:

$ 39,000

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:

$ 39,000

Percentage of first-year students receiving financial aid who receive at least the same amount in their second year of study:

55 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Yes

If so, what is the maximum amount a student can borrow per year?

$ 92,600

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 53,250

GMAT

Are applicants required to take the GMAT?

Yes

GMAT scores:

Mean : 678
Median: 679

Middle 80% range GMAT scores:

From: 620
To: 730

Academics & Lifestyle

CLASS OFFERINGS

Average number of students in a full-time MBA core class:

Average number of students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

Electives that have been added to the full-time program since June 30, 2009:

Business Strategies for China and India
The Economics of Entertainment
Firms Markets and Government
Marketing Strategy
Financial Restructuring

Year of last major change or significant overhaul to the core curriculum:

2009

Concentrations and specializations offered to full-time MBA students:

General Management

N/A

Does the school offer an accelerated full-time MBA program?

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

Entrepreneurship

General Management

International Business

Leadership

Strategy

FACULTY

Faculty employed by the B-school:

163

Full-time faculty:

Tenured: 48
Non-Tenured: 57

Adjunct/Visiting Faculty:

Tenured: N/A
Non-Tenured: 58

Women on Faculty:

Tenured: 4
Non-Tenured: 15

Minority Faculty:

Tenured: N/A
Non-Tenured: N/A

International Faculty:

Tenured: 6
Non-Tenured: 62

Faculty with PhDs:

Tenured: 48
Non-Tenured: 78

Faculty who are also members of company boards of directors or advisors:

65 %

Faculty who have owned their own business:

53 %

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Business Ethics

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Finance

High Tech

Marketing

New Media

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

International Club

Partners/Family

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used:

Case Study: 75 %
Distance Learning: 1 %
Experiential Learning: 0 %
Lectures: 7 %
Simulations: 6 %
Team Projects: 11 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/letter grade average

Other:

Additional graduation requirements:

Students are required to complete 6 credits per term.

TECHNOLOGY

Technology improvements in the last three academic years:

New technology and infrastructure in Barcelona's new Campus. Online system for planning and internal services for Operations dept. IP convergence project combining advanced voice, data, video solutions. Mobility project based on multi-platform. Classrooms including the first Ultra High High Resolution (4K) projector in the world (Auditorium), advanced 3CCD automated videocameras, high quality videoconferencing systems and videostreaming services based on a Multimedia Content Server, multiple digital recording possibilities. Rooms with real high definition videoconference systems. New IBM Blade Center integrating in one unit more than 90 traditional servers.

Amount spent:

$ 11,201,220

Alumni Affairs & Careers

B-SCHOOL ALUMNI

Living MBA alumni:

8,031

Active MBA alumni clubs:

Countries in which MBA clubs exist:

106

Living MBA alumni who gave in past year:

64 %

Mean gift from MBA alumni:

$ 843

Median gift from MBA alumni:

$ 787

Did school receive an individual gift in excess of $10 million in the past academic year?

Business school endowment

$ 23,277,000

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/Alumni/Servicios/Servicios.asp

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 93 %
Graduates not seeking employment: 3 %
Graduates for whom you have no information regarding employment: 3 %

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

Destination: London
Month: October
Amount Paid By School: None
Destination: Dubai
Month: December
Amount Paid By School: None
Destination: Boston - Japanese Career Fair
Month: November
Amount Paid By School: None

Primary source of job offer:

School-facilitated activities: 65 %
Graduate-facilitated activities: 31 %
No information provided by graduate: 4 %

Companies that recruited second-year MBAs on campus in 2008-09:

240

Companies that posted full-time job offers for MBAs
on the school's job boards in 2008-09:

450

Job Offers for 2009 graduates:

Received first job offer by graduation: 70 %
Received first job offer in three months following graduation: 15 %
Received first job offer more than 3 months after graduation: - %
Did not report having received a job offer: 15 %
Accepted first job offer by graduation: 64 %
Accepted first job offer in three months following graduation: 18 %
Accepted first job offer more than 3 months after graduation: - %
Did not report having accepted a job offer: 18 %

Top recruiting organizations most recent academic year:

Bain 6
McKinsey 6
Citi 6
Johnson & Johnson 6
Booz & Co. 5
Barclays 4
Banco Santander 4
The Boston Consulting Group 4
Cementos Mexicanos 3
Global Praxis Group 3
Novartis 3
British Telecom 3
Delta Partners Group 2
Deutsche Bank 2
JP Morgan 2

Job-accepting graduates who received a signing bonus:

40 %

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

Mean base salary: $ 111
Median base salary: $ 102
Mean signing bonus: $ 28
Median signing bonus: $ 23
Mean other guaranteed compensation: $ 19
Median other guaranteed compensation: $ 17

Graduating students who accepted jobs in the following functional areas:

Consulting: 25 %
Finance/Accounting: 41 %
General Management: 15 %
Human Resources: N/A %
Marketing/Sales: 15 %
Management Information Systems (MIS): 1 %
Operations/Logistics: 1 %
Other: N/A %

Graduating students who accepted jobs in the following industries:

Government: N/A %
Consulting: 25 %
Consumer Products: 6 %
Financial Services: 33 %
Manufacturing: 5 %
Media/Entertainment: 1 %
Non-Profit: 2 %
Petroleum/Energy: 8 %
Pharmaceutical/Biotechnology/Health Care: 12 %
Real Estate: 1 %
Technology: 4 %
Other: 4 %

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

Africa: 2 %
Asia: 6 %
Eastern and Central Europe and Central Asia: 1 %
Latin America and the Caribbean: 13 %
Middle East: 2 %
North America: 4 %
Oceana: N/A %
Western Europe: 72 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 1 %
South: 1 %
Southwest: 1 %
Possessions and territories: N/A %
Canada: 1 %

Companies that recruited MBAs for internships on campus in 2008-09:

200

Companies that posted internships for MBAs on school job boards in 2008-09:

340

Top recruiting organizations for internships, most recent academic year:

Johnson & Johnson 6
Citi 5
Gas Natural 5
Deutsche Bank 4
F.C.C. 4
Global Praxis 4
Barclays Capital 4
Nomura 3
Trium Investments 3
Amazon 3
Amger 3
AT Kearney 3
Santander 3
Booz & Company 3
BT 3

Internships awarded that are paid:

92 %

Weekly internship compensation:

Mean: $ 800
Median: $ 840

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

The title of bilingual MBA will be awarded to those students who have passed the Spanish language test and who have taken a minimum of two credits taught in Spanish.

Graduate Comments

IESE is committed to delivering excellence in every detail. Apart from the outstanding faculty, excellent career perspectives, and teaching method, IESE really focuses on people and focuses on personal development. -- Finance

At IESE more than 70% of the students come from 50+ different countries. This international peer network provides a great learning platform at IESE. Barcelona is a great city to live in. -- Investment Banking

The atmosphere in IESE is great, the relationships in the class and with the teachers are very close (due to small size). Also the fact that you can take classes in Spanish with some of the best teachers in the world is wonderful. The program really makes you think about the human beings that populate your firms - something that in other MBAs gets lost in the mass of things to learn. -- Investment Banking

If I were to do my IESE MBA again, I would do it in a heartbeat. I really enjoyed my time at IESE. I learned a lot, especially the skills that would help me advance in my chosen field. It also provided me with a lot of opportunities, and allowed me to get the job/ career shift that I wanted. I also enjoyed my time with my classmates and faculty. Barcelona is a very good city to live in and enjoy the MBA. -- Finance

IESE was quite a fruitful experience. -- Consulting

IESE has a really strong focus on the human aspect of the MBA. According to exchange students who come, that is the case. They also say that the average work load is higher than in the school where they are from. -- Operations

IESE created a sense of community due to the relatively small annual intake of 220 students. First year classes were 70 students, while second year classes ranged from 17-70 students in attendance. Small class sizes, small campus, numerous social/sport/professional clubs to participate in make for a very close knit community. -- Investment Banking

I am very happy with the experience of the MBA, both personally and professionally speaking. After having met people of other business schools I think IESE was a very good choice for the reasons I explained about why I would recommend the MBA to another person. -- Finance

In the end unfortunately I can't say I'm satisfied with my MBA experience. I felt like I could have achieved similar job results at another top European school such as Cambridge, and I'm disappointed I did not enjoy my experience with a feeling of loyalty with to my school. -- Finance

IESE Business School gives an excellent opportunity to become a part of a very close community. From the learning prospective Professors are great, very attentive, and willing to spend extra time with students during private appointments on request. Lots of business leaders come to give speeches on Campus, a networking opportunity. The school is very strong in the Spanish job market. Less strong in International though. -- Finance

IESE Business School is a very good school, but its name is better recognized in Europe. Depending on one's career strategy, one may find it easier to go to an American school. In addition, the current exchange rate US$ x � favors American schools. -- Consulting

Anyone can model the costs, benefits, and lost earnings to justify not going to business school on a financial earnings case, I know I did. However in doing this, one loses sight of the importance of the friendships, networks, and learning experiences that are not captured in the tuition costs and lost earnings model. I now have very close friends for life. Friends that I could call for job advice, entrepreneurial ideas, just catching up, or exciting worldly vacations. At IESE, one cannot 'model' the impact of these friendships and close community that develops over the length of the program. This advantage of IESE single-handedly makes their program the penultimate MBA experience. -- Finance

The case method program provides close to real life learning experience, at the same time making class discussions more interactive. The international class diversity is a great experience. -- Consulting

The curriculum of IESE is great, matching probably any top business school. What really makes IESE stand out are the people, both students as well as staff. This makes IESE an amazing experience that I would no doubt recommend to anyone looking to take an MBA. -- Venture Capital/Private Equity

My life has changed. Now I have another world in front of me. Exciting new opportunities! -- Operations

For me this has been an outstanding opportunity especially from a life experience perspective. At the same time, I know that this experience may not be suited for everybody, but I would definitely recommend both the MBA and IESE to a friend. -- Marketing

My main reserve would be regarding the professional progress. I think IESE gives a great deal of importance to enrolling people in banking and consulting, so if those are not your main interests maybe I would recommend another (less expensive) school. -- Accounting

It is a great school, program and city to spend two years of your life but there is no "one size fits all" - it all depends on your expectations, strengths, and past experience if IESE is the best place for you. -- Consulting

IESE does not just give students knowledge; it teaches a lot of soft skills and self discipline that transform the person to a better one. -- Marketing

I was completely satisfied with the program, both in terms of education quality and in career option post-MBA. I would definitely recommend it to any of friends. -- Consulting