Program Snapshot: IE Business School
- Review the IE Fact Sheet
- Take MBA classes in English while studying alongside Spanish and international students at one of the world's leading business schools, recognized for its strong focus on innovation and entrepreneurship
- Choose from classes in a wide variety of subjects, including Marketing, Entrepreneurship, Finance, IT/IS, Economics, Operations, Human Resources, Law, Strategy, Control and Communications
- Immerse yourself in Spanish life through the intensive cultural experience of living in the vibrant capital of Spain
- Fall: Late August to mid-December
- This program is not offered in the spring semester
- A mandatory orientation will take place prior to the start of classes
Additional Eligibility Requirements
- Requires a minimum of 4-5 years relevant work experience.
Academics at IE Business School
Studying at IE Business School
Founded in 1973, the IE Business School (IE) is one of the world's leading business schools and is recognized for its strong focus on innovation and entrepreneurship. IE trains leaders who promote innovation and change in organizations, and entrepreneurial managers who create employment, wealth and social well-being. Recognized as one of the world's leading business schools, it has a city-center campus in Madrid and a highly international focus: nearly half the faculty staff is international and the IE Alumni community is present in over 100 countries. Exchange students at IE enjoy the benefits of learning and using Spanish, the world's second business language, and the opportunity to network with the many corporations that choose Madrid as their European headquarters.
What You’ll Learn
Exchange students at IE will take elective courses in the school's International MBA program. Offerings include coursework in the following subjects:
- Human Resources
Exchange students at IE have full access to the school's career services, including the annual career fair which is held in October of each year and is attended by more than 100 global companies.
No prior Spanish language study is required, as the majority of coursework at IE is taught in English. Students fluent in Spanish may choose electives taught in Spanish. Please note that Spanish language courses are not offered at IE.
The methodology used in the International MBA program is based principally on the Case Method. All functional areas of a company are studied using this method, immersing the student in real-life business situations that are presented and discussed in class by the students themselves with the professor as a guide. The case method enables students to experience first-hand the main problems facing firms in every area of management, taking their decision-making capacities to new heights with each class.
The case method is complemented by a series of lectures in each course, which introduce the basic elements of each subject. There is usually a greater emphasis in terms of number of sessions devoted to more technical areas of management with the aim of assuring everyone is brought up to the same level in his or her ability to use and understand all available management tools.
In order to maximize the benefit from class sessions and time with professors, it is imperative that each student prepare his or her assigned case before class, both individually and with his or her work group. Without proper preparation it will be impossible to follow the session for which the case was assigned.
As courses at IE tend to be shorter, intensive classes and worth fewer credits than courses at Babson, Exchange students at IE typically take 6-8 courses during their exchange period and transfer 12-15 credits back to Babson. Students set up their own course schedule based on the requirements they need to meet at their home institution. Students must be aware that access to certain elective courses will be limited and that they are not automatically assured a place in all of the courses that they have selected. 140 sessions are the maximum amount of electives that can be taken at IE (1 session = 1.5 contact hours).
The electives list for the fall exchange period will be made available at the beginning of May but as a reference, the electives list of the previous fall period can be requested from your home school coordinator. Around 70 elective courses are available to choose from.
Due to the fact that the IE MBA Program aims to develop managerial skills, student evaluation does not only take into consideration the student's level of knowledge, but also evidence of those general or more specific skills that a good professional should exhibit in each area. Before starting his/her course, he/she will inform the students, of his/her evaluation criteria, which is also set out in the syllabus of each course.
Please note that class attendance is essential at IE. As a general rule, students who have an average attendance level of less than 90% at the end of each subject may obtain a C ( FAIL). Professors and the MBA Management Team closely monitor class attendance.
IE uses what is called a "comparative grading system" to introduce an element of normalization across the many different classes students take throughout their MBA career and to ensure that different professors teaching the same class can use different evaluation systems and criteria. While professors determine individually how to weigh grade components such as reports, midterm exams, class participation, and final exams in each course, final term grades are assigned based on the following relative distribution:
||Top 5% of the class
||Next 15% of the class
||Next 25% of the class
||Next 35% of the class
||Next 15% of the class
||Bottom 5% of the clas
||Penalization for failure to complete the coursework or prolonged class absence.
||Penalization for academic misconduct or academic dishonesty.
Babson students studying at IE must receive a "B" or greater in order to receive credit for coursework completed abroad.
Life at IE Business School
IE's downtown campus, located in the heart of the financial district of Madrid, provides students with the proximity to interact and network throughout the program with Spanish and multinational business communities, as well to take part in the activities taking place downtown. The intensive cultural experience of living in the vibrant capital of Spain and living the Spanish ways of life will transform your perspective and broaden your capacity for adaptation. The expansion of IE within the Salamanca District has created a sort of “IE neighborhood”. IE has more than 20 different facilities in this area of the city including Computer Labs, a physical and virtual Libraries, easy to access as wireless connection is available across campus.
IE's Student Office coordinates and supports extracurricular activities which take place at IE and which contribute greatly to the IE experience. These events and clubs present an opportunity to network outside of class and meet people that you may not otherwise meet within the classroom. A sample of these clubs and activities include the following:
- Academic Clubs (Including the Entrepreneurs' Club, Finance Club, Women in Business, IE Net Impact, and the Marketing Innovations Club etc.)
- Sports Clubs (Including the IE Football League, the Basketball Club, Tennis Club, and the Sailing Club etc.)
- National/Regional Clubs (Including Venezuelan Club, Japanese Club, Africa Club, etc.)
- Social and Leisure Activities (Including IE Partners' Club, Gourmet Club, IE Out, and Bar of the Week etc.)
Students must arrange for their own housing. There are no on-campus residences available. Assistance is provided by the Student Office (Student.Office@ie.edu).
Living in Madrid
As Europe's third largest city, Madrid’s geographic location makes it a cultural crossroads, offering a wealth of history in its architecture and traditions, as well as breathtaking modernity. Its offerings include a world-class cultural heritage, such as the extraordinary artistic riches of the so called 'Golden Triangle' of three world-class art museums the Prado, Reina Sofía and Thyssen-Bornemisza. Madrid is a dynamic city and there is always something going on, such as exhibitions, concerts, sports tournaments, etc. Students also enjoy a vast range of tourist activities and sports facilities both in the city and surrounding areas. Being a Spanish hub due to its centric location in the country, you can travel anywhere in Spain, as each city has its own cache whether you are seeking sports, cultural or social events.