| 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 |
IE Business School is a graduate school located in Madrid, Spain. It was founded in 1973 with the name Instituto de Empresa, and is owned and controlled by for-profit business firm Instituto de Empresa S.L.,[1]
According to Financial Times IE has one of the most competitive MBA programs in the world offering both full-time and executive MBA programs.[1] Forbes ranked the MBA program 3rd worldwide in 2011.[2] The Executive MBA program was ranked 1st worldwide by The Economist in 2010, 4rd worldwide by America Economia in 2011, and 1st in Europe by Wallstreet Journal in 2010.[3] Bloomberg BusinessWeek ranked IE 3rd worldwide in their non-US school ranking in 2010.[4]
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.[5]
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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.
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,[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.[10]
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.
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.. 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.
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.
The Global MBA, and others that use the online or blended methodologies such as the International Executive MBA or Global Executive MBA GXMBA, have been called "armchair MBAs" by the Economist, and criticized for its heavy reliance on untested online methodologies which do not enable students to "learn the lessons that can only be held in non-virtual communities" [11]. Some of the online methodologies used in these programs have not been tested by the school, and claims about their effectiveness or lack of effectiveness need to be evaluated independently.
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.
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.[12]
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, a senior IE professor with a very low research productivity and no publications in top journals. [13]
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)
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.
IE is accredited by the three leading accreditation entities for business education: Florida-based AACSB, London-based AMBA and Brussels-based EQUIS.[14][15][16] 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.