Cracking IESE Business School - A Guide for IESE MBA Applicants

IESE Business School Barcelona Campus
The business school of the University of Navarra has always been at the forefront of innovation. Moreover, it also boasts of high employability among its graduates. Apart from its main campus in Barcelona, IESE Business School has campuses in Madrid, Munich, New York, and Sao Paulo.

IESE Business School Ranking

Source Latest Ranking 
Financial Times #10 (global)
Economist #16 (global)
Bloomberg #2 (Europe)

IESE MBA Programs

The IESE Business School conducts the following full-time Master's level management programs-

MBA

The IESE Spain was the first B-school to launch a 2-year MBA program in Europe. Today, the program is 15 or 19 months long and consistently features in the list of best full-time MBA programs globally. The program is suitable for professionals with a few years of work experience.

MiM

The Master in Management program is of 11-month duration and is delivered at IESE’s Madrid campus. The IESE MBA program is suitable for young professionals with very little to no work experience. The program prepares such professionals to launch their careers in management.

IESE MBA Class Profiles

Particulars MBA MiM
Number of Students 350+ -
Average years of work experience 5 0-2
Percentage of women 30 -
Percentage of International Students 85 -
Nationalities More than 50 More than 20
Average age 29 23
GMAT Range 580-750 -
Since the IESE MBA program is top-rated among international students, we'll focus our further discussion on this program and how to secure a place in it.

IESE MBA Application Deadline

While IESE MBA deadlines are yet to be announced for the batch of 2023, you can take a look at the estimated deadlines based on the previous year’s dates to get an idea. There are 5 rounds of applications starting from the Early Round and all the way up to Round 4. It is best to go for the early rounds as the chances of securing admissions and scholarships are comparatively higher.
Round Application Deadline  Interview Decision By Final Decision By
Early Decision Round September 2022 September/October 2022 October 2022
R1 October 2022 October/November 2022 December 2022
R2 January 2023 January/February 2023 March 2023
R3 March 2023 April/May 2023 May 2023
R4 May 2023 May/June 2023 June 2023
Disclaimer: The dates mentioned here are not exact. They are estimates based on the previous year's dates. Check the B-school official website for the latest dates.

IESE MBA Tuition Fees

The IESE Business School MBA fees for MBA 2022 intake were €93,500* for the entire program. Add another €1600** as standard monthly living costs in Barcelona, and the total cost for the entire IESE MBA program can easily go north of €1,23,900.
* The tuition fees are subject to change during every new session. Please check the official website to know the latest details. ** Living costs are estimated as per general living standards. Actual costs may vary among individuals.

IESE MBA Scholarships

IESE’s financial aid office can help you explore various financing options to support your MBA dreams. The most preferred option is scholarships. MBA and MiM students at IESE Spain can avail themselves of various internal and external scholarships to fund their MBA education. Some important scholarships are
  • IESE MBA Excellence Scholarship
  • Heinrich J. Klein Foundation Scholarship – External Scholarship
  • The MBA Admissions Scholarship
  • IESE MiM Excellence Scholarship
  • IESE Legacy Scholarship
  • IESE Young Leaders in Emerging Markets Scholarship
  • IESE University of Navarra Alumni Scholarship
Apart from the scholarships, you can also take loans to cover most of your MBA expenses. You can repay the loan after getting the job. Some of the IESE MBA-specific student loans are
  • Global Loan- MBA
  • Prodigy Loan
  • Gyan Dhan Loan
  • Sahu Jain Trust - Loan
  • J N Tata Endowment - Loan

IESE Business School MBA Admission Requirements and Process

The following steps are involved in the IESE MBA admission process.

Step 1: Online Application

The online application process at IESE Spain consists of the following documents
  • A completed application form with application fees
  • Official transcript containing details of your undergraduate grades/marks in each subject.
  • GMAT score
  • A letter of recommendation. 
  • IESE MBA essays

Step 2: Admission Pre-Committee

Once you submit the online application form, the admission pre-committee will evaluate your application.

Step 3: Personal Interview

If the admission pre-committee short-lists your application, you’ll be invited for a personal interview. The interview can be held face-to-face or via video conferencing.

Step 4: Assessment Day

This stage is not required for all candidates. You can grab this opportunity to share your experiences with fellow applicants who could be your future classmates and show the interesting aspects of your personality.

Step 5: Final Admission Committee

This is where your selection process is finished, and your application comes before the final admission committee.

Step 6: Admission Decision

You’ll receive communication through email and a call regarding the committee’s decision on your application.

IESE's impressive entrepreneurial ecosystem, campuses across continents, and more than 50,000 strong alumni network makes it an international institute in the true sense. The IESE Barcelona can be a springboard to launch your global career in management and entrepreneurship.

FAQs related to IESE MBA

1. Where does the IESE’s MBA program majorly focus?

The program focuses on comprehensive general management. However, you can take electives to concentrate on a particular area such as finance, marketing, etc.

2. What is the teaching method followed in IESE’s MBA programs?

The program heavily relies on the case-based method, where students learn by studying real-world business scenarios and case studies. It's a highly interactive method and requires maximum contribution from each student.

3. What if I don’t have a business background?

IESE business school welcomes applicants from diverse backgrounds like law, arts, medicine, etc. So, you can surely apply for the MBA program if you meet all the other eligibility criteria, irrespective of your background.

4. What is the minimum IESE business school GMAT score requirement?

There is no minimum GMAT score requirement. However, IESE Business School’s average GMAT score is usually around 670. Therefore, you should aim for high (650+) scores to increase your chances of admission.

5. What is the acceptance rate at IESE Spain?

The IESE Business School acceptance rate stands at around 26 per cent. However, you should remember that its courses are one of the most sought-after globally, so the number of applicants is significantly high every year. Therefore, don't worry about the acceptance rate and concentrate on giving your best shot.
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