THE IESE EXPERIENCE
There is no better place than IESE to kick-start your career. The IESE MiM is an immersive experience at one of the world’s best business schools. It will transform your perspectives and your prospects. The program goes beyond a comprehensive grounding in the fundamentals of business management – you’ll also build real-world know-how, and understand how to put theory into practice. IESE’s strong links with top recruiters in Europe and worldwide will open doors for your future.
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Read more about the IESE MIM in our blog. It’s a platform designed to share firsthand perspectives on life at IESE and advice for applicants.
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MADRID
EXPERIENCE
Greater Madrid Population
6.8 million
Museums
92
Theatres
132
Hours of sun per year
2.900
Worldwide Smart city ranking
25th
Foreigners who feel welcome
9 out of 10
IESE Madrid Alumni
+14.000
Companies in Madrid area
+157.300
Popular races
160
Passengers / year Airport
53,4 million
Km underground
300
Passengers underground
622 million
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KEY DETAILS
LOCATION:
Madrid
LENGTH:
11 months
Start date:
September 2020
Age range:
22-25 years
Profile:
Recent graduates with 0-2 years of working experience
Nationalities:
Participants from all over the world
THE IESE MiM
The IESE MiM prepares you to launch your career. You’ll graduate ready to start your first job in management – and make a lasting mark. During the program you’ll develop the essential analytical skills and knowledge you need to succeed in entry-level management roles. You’ll also learn what it means to be an inspirational leader who puts people first – and take your initial steps toward having a positive impact on the world.
HOW IT HELPS YOU GO FURTHER
GREAT GUIDANCE
Your professors and mentors are experts in their respective fields. Ninety-five percent of them have PhDs and there are IESE faculty members from almost half the countries of the world. They’ll help you develop new perspectives and see new opportunities.
GREAT PEERS
You’ll learn from and alongside diverse, talented classmates as you share a transformative journey together. You’ll develop a network of friends and contacts that will last a lifetime.
GREAT CONTENT
You’ll acquire the tools to take on any challenge. You’ll learn to think critically, backed by solid fundamental knowledge. And you’ll sharpen your skills by applying them to hands-on experiences and real case studies. When you graduate, you’ll have the ability to analyze business problems, tackle real life complexity and make informed decisions – ready for your first role in management.
GREAT CAREER SUPPORT
IESE’s experienced Career Services team will connect you with the best recruiters and help you prepare to land your dream job. With their support you’ll be confident and ready to show the best of yourself in interviews on your CVs, at networking events and in society.
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CLASS PROFILE:
WHO IS IT FOR?
Your IESE MiM classmates will share your talent and desire to make a positive impact in business and society. They will bring a rich array of experiences and worldviews as they will come from many diverse backgrounds and nationalities. Every MiM student must have an undergraduate degree and a maximum of one year of working experience.
WHO ARE WE LOOKING FOR:
You have finished an undergraduate degree – or you are about to finish one before the MiM start date – and you have no more than one year’s work experience.
You want to have a positive impact on the world.
You’re ready to embrace uncertainty and seek opportunities.
You’re comfortable with cultural diversity.
You want to develop a deep knowledge of business and finance, with a global vision of organizations.
You want to make fast, agile and effective use of models, data management and other quantitative tools and techniques.
You share our attitude toward work, the world, and other people: you’re dynamic, openminded, practical, entrepreneurial and analytical.
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PROGRAM
The program’s core courses build a solid foundation of business-management knowledge. Key themes range from marketing and finance to strategy and economics.
Projects allow you to integrate, connect and apply what you learn. Practical experiences and complementary activities unlock knowledge of how different functional areas combine to create both economic and non-economic value within companies.
As a complement to the academic study and project work, you’ll engage with the business world’s most critical issues in a special series program. Through this and associated activities, you’ll gain the mentality and real-world abilities to tackle complex problems.
TRACKS:
Depending on core number the following proposed tracks will be available:
Sales / Marketing
Digital
Finance
Data Management
Strategy / Entrepreneurship
CAPSTONE COURSE:
At the end of the program there will be a special capstone course that will help you reflect on what you’ve learned and plan the next steps in your career.
METHODOLOGY:
At IESE we believe in active-learning methodologies.
That means that you will take ownership of what you learn. Through the case method, multimedia simulations, projects and teamwork, interconnection with our faculty and your multicultural peers, role-play, design thinking methodology and scrum agile design, you will acquire the skills, the knowledge and the insight to make critical decisions as a business leader.
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CAREER
OPPORTUNITIES
Achieve Your Career Goals
The world’s leading companies recruit IESE talent. IESE graduates are in demand because of the value they deliver, whatever the sector, wherever the opportunity.
Set your career objectives and developa strategy to achieve them. You’ll get personalized support from the Career Development Center as you refine your job-search skills, expand your network and prepare to present yourself to future employers.
As well as working with you throughout the year to increase your employability, the Career Development Center will work with potential recruiters to identify the best-possible opportunities for you. When you graduate, you’ll have the self-knowledge and insight into your target industry to make smart decisions. And you’ll have the confidence to know that you can add value to any workplace.
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0 %
of our students have at least one job offer
within three months of graduation
within three months of graduation
MBA Employment Report 2018
BEYOND THE MiM
Get ready to grow personally as well as professionally. A dynamic capital city, a business school and a new international network of friends await you.
The MiM offers the opportunity to learn one of the world's most spoken languages. Non-native speakers of Spanish can study Business Spanish classes and take the DIEN Level 2 CEFR exam.
The IESE Madrid campus is an energetic melting pot of top talent from every part of the globe. Along with the young professionals in your program, you’ll meet and mingle with international business leaders at conferences, Alumni Association events and master classes. At Student Clubs and community events you can make friends, pursue your interests and enrich your student life.
After graduation, you’ll join a global community of over 47,000 business leaders in 150 cities around the world. The IESE Alumni Association provides you with career support, lifelong learning and networking opportunities wherever you are, for life.
Madrid is one of Europe’s most exciting capital cities. Discover a vibrant hub for business with an active international community. Explore its world-class cuisine and cultural scene. Madrid’s superb transport links put the rest of the country – and Europe – within easy reach.
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admission process
FOLLOW THE STEPS BELOW TO LAUNCH YOUR CAREER WITH THE IESE MiM
1 - APPLY ONLINE
Apply online and upload scans of the following documents in English.
We recommend that you:
- Keep a copy of all documents
- Clip each of the different documents separately
- Do not submit books, theses, or other materials not requested in this section
The GMAT (The Graduate Management Admissions Test) or GRE is mandatory for all candidates. If you have taken both, please submit both scores.
Get Started with a free GMAT from IESE: gmat.iese.edu
DOCUMENTS REQUIRED
- A COMPLETED APPLICATION FORM →
- Application fee
- Official transcripts
- GMAT/GRE
- English Test
- 1 letter of recommendation
- Mandatory essays (online form)
- Military or Civil Service Obligation Passport-size digital photograph (max. 2Mb.)
apply online
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The admissions process is designed to help you and IESE to figure out if the MiM is the right fit for you and your goals. You must hold an undergraduate degree and, if you are not a native English speaker, pass an English language test, as the programme is taught in English.
Your GMAT or GRE results are important but not decisive: Your personality, motivation, goals, leadership abilities and communication skills will also be taken into account.
Follow the six steps below to begin your IESE MiM journey.
We’d Like to Get to Know You
The admissions process helps us to select students whose ambitions and abilities align with the challenges of the MiM. By following our step-by-step admissions guide, we’ll find out more about you while you decide if IESE fits your goals. You’ll also discover what you need to know, the documents you should submit and the dates you need to do it by. Contact us at mim@iese.edu for more information.
DEADLINES
| Round | Application Deadline | Decision By | Deadline 1st deposit | Deadline 2nd deposit |
|---|---|---|---|---|
| R1 | September 19, 2019 | October 17, 2019 | October 31, 2019 | May 31, 2020 |
| R2 | October 31, 2019 | November 28, 2019 | December 12, 2019 | May 31, 2020 |
| R3 | December 12, 2019 | January 9, 2020 | January 23, 2020 | May 31, 2020 |
| R4 | January 23, 2020 | February 20, 2020 | March 5, 2020 | May 31, 2020 |
| R5 | March 5, 2020 | April 2, 2020 | April 16, 2020 | May 31, 2020 |
| R6 | April 16, 2020 | May 14, 2020 | May 28, 2020 | TBD |
| R7 | May 28, 2020 | June 25, 2020 | TBD | TBD |
| Rolling Process | From May 29, 2020 | Rolling, 2 - 4 weeks | TBD | TBD |
KEY DATES
| KEY DATES CLASS 2021 | ||
|---|---|---|
| August, 2020 | Move to Madrid. Get ready for the MiM. | Reduced office hours on campus 8:30 am – 2:30 pm |
| September 1 - 4, 2020 * | Orientation Days | Mandatory |
| September 7, 2020 * | First day of classes | Mandatory |
* These dates are subject to change.
WHO ARE WE LOOKING FOR?
IESE is defined by diversity. You’ll join a cohort of future leaders from over 40 countries, each with a different personal and academic background. As you work and develop together, you’ll share your own perspectives and learn from those of others. You’ll tale your place in an international team of motivated individuals, united by a desire to make a deep and positive impact on the world.
There’s no such thing as a typical IESE MiM student. Participants come from all over the world and a wide variety of backgrounds. Every student is different – but everyone in your cohort will have something in common: a desire to make a deep and positive impact on the world. Meet the Class of 2020.
Leonel Barrigh
Age: 25
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Melissa Akemakou
Age: 25
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Anastasia Drakaki
Age: 22
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Javier Prats
Age: 23
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Józef Angelus
Age: 26
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Jenny Kim
Age: 25
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Leonel Barrigh
Age: 25
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Melissa Akemakou
Age: 25
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Anastasia Drakaki
Age: 22
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Javier Prats
Age: 23
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Józef Angelus
Age: 26
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Jenny Kim
Age: 25
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
admission process
FOLLOW THE STEPS BELOW TO LAUNCH YOUR CAREER WITH THE IESE MiM
1 - APPLY ONLINE
Apply online and upload scans of the following documents in English.
We recommend that you:
- Keep a copy of all documents
- Clip each of the different documents separately
- Do not submit books, theses, or other materials not requested in this section
The GMAT (The Graduate Management Admissions Test) or GRE is mandatory for all candidates. If you have taken both, please submit both scores.
Get Started with a free GMAT from IESE: gmat.iese.edu
DOCUMENTS REQUIRED
- A COMPLETED APPLICATION FORM →
- Application fee
- Official transcripts
- GMAT/GRE
- English Test
- 1 letter of recommendation
- Mandatory essays (online form)
- Military or Civil Service Obligation Passport-size digital photograph (max. 2Mb.)
CLICK FOR MORE INFO
apply online
CLICK FOR MORE INFO
PERSONAL INTERVIEW
ADMISSION EVENTS
OPEN DAYS
We host regular MiM Open Days around the world to give you a chance to find out more about the program and meet our admission representatives face to face. Check the agenda for the next event near you.
Case presentations
Want to experience the case method? Our faculty and Admissions Team hold Case Presentation around the world. You’ll hear about the MiM program and then join a session on a real-life business case, interacting with others as if you were in an MIM Classroom.
Counseling days
Your personal interview can be held on our campus in Madrid, or at another city near you when our admissions directors are visiting. We can also interview you via videoconference. Your interview will be conducted in English.
Coffee Chats
We also host informal coffee chat gatherings all over the world. In these sessions you can learn about the program, meet our team and chat to IESE alumni to get their perspectives on the IESE MiM.
COST & FINANCIAL SUPPORT
The fees for the IESE MIM are €37,900. We are committed to helping you to explore financing options and opportunities so that you can make the best investment in your career and your future. Our Financial Aid office will help you to make informed decisions and find sources of finance.
admissions and key dates
FAQS
About the IESE MiM
IESE’s MiM is a full-time 11 month program that has a general management focus with a strong emphasis on quantitative methods, data analysis, entrepreneurship and ethics. The program is offered at IESE’s world-class campus in Madrid.
The program stands out for its strong international character, with students who hail from more than 40 countries and faculty members who reflect different nationalities. It also offers a unique bilingual dimension (English/Spanish). IESE students accepted into the program typically have a maximum of 2 years of work experience, speak more than one language and are seeking careers in global business or to start their own companies.
Students in IESE’s MiM reside full-time in Madrid during the program, attending classes Monday through Friday. A host of professional activities and social events take place on the weekends and during holidays. MiM students tend to be younger and have less or none professional experience than participants in the full-time MBA, Global Executive MBA and Executive MBA programs. Participants in the Executive MBA and the Global Executive MBA programs continue working while they carry out the program.
The Experience
Classes are held from Monday to Friday 8:30 – 12:30 and 14:00 – 15:15. There are breaks between each class. You will also have team work scheduled into your daily timetable.
A typical day for a student in IESE’s MiM program begins with a team meeting at 8.30 am where students prepare for the day’s challenges. This is then followed by classes. During the day there are also times to take a break, to practice sports and to interact with your classmates. Here is an overview:
- 8:45 Team Meeting
- 9:30 Quick Coffee in the cafeteria
- 9:45 First Session
- 11:15 Second Session
- 12:30 Lunch Break – Enjoy IESE gardens, last minute case reading
- 13:45 Third Session
- 18:15 Catch the shuttle back to Moncloa
- 17:15 Off to case work!
- Off to prepare cases, project work, sports training, dinners (etc.)
The program has a comprehensive general management focus with the objective of preparing talented professionals to take on leadership roles in global organizations or start their own companies. In addition, students can concentrate on a particular area by choosing between 5 tracks.
- Core courses: The program’s core courses that build a solid foundation of business-management knowledge. Key themes range from marketing and finance to strategy and economics.
- Skill Program: Development of specific skills and abilities such as presentations, data analysis, communication, negotiation, etc.
- Projects: Projects that allow students to integrate, connect and apply what they learn.
- Special Series Program: Series with guest speakers to speak about current topics and trends. We are going to meet the global leaders who have helped shape the world of business and politics. Sometimes they will be the main characters of the cases.
The program provides a solid business foundation with a focus on essentials such as economics, finance, operations, IT, global strategy and leading people in organizations. These areas are explored within a coherent, integrated framework.
The case-based method is a highly practical way to sharpen analytical and decision making abilities, while gaining key business knowledge. The approach employs examples of real business scenarios set in a wide range of geographic locations. Students discuss cases in multicultural teams, reflecting today’s global business environment. Conclusions are later discussed in a larger classroom setting, guided by an IESE professor. The case-based method is highly interactive and requires the ability to make effective contributions to all discussions.
Professors employ the case-based method roughly 80 percent of the time. However, students also benefit from lectures, keynote speakers and simulations.
Students are evaluated in each of their classes based on a combination of the following: class participation, group work, projects and exams. While the emphasis on each area varies according to professor and subject, it is fair to say that in most classes a high percentage of the overall result will be based on the value of class participation. The grading scale is based on a curve as follows: (may vary slightly according to class)
- Top 15% = A
- Mid 75% = B+ through B-
- Bottom 10% = C
An Academic Advisory Board reviews students with academic difficulties and in extreme cases, may recommend that the student abandon the program. Most students are able to take the necessary steps to avoid such dramatic occurrence by taking advantage of the support structure of their team and team leader as well as the open-door policy of professors. Our goal is to help students challenge themselves and to achieve their goals.
Yes, IESE employs a grade non-disclosure policy. The school only admits MiM candidates who have a proven track record of outstanding academic, as well as cross-cultural awareness and leadership potential. For this reason, recruiters are not permitted to ask students about grades during an interview.
Because the common language for everyone is English, we generally tell students that they will get out of the program what they put in. In other words, they can gain a strong base and tools to develop their language skills. However, we encourage students to make an effort to go beyond the required Spanish classes in order to improve and practice the language. By doing so, most students should obtain functional bilingualism.
IESE consistently ranks among the top 10 in widely-recognized rankings such as the Economist, the Financial Times andBusiness Week. For information on the latest rankings, visit www.iese.edu.
An ethics course is part of the program’s curricula, in addition, ethics are interwoven throughout the program by IESE faculty members when leading case discussions, as we believe that ethics is part of each decision.
No, the program takes place at IESE Madrid Campus only.
The Class
IESE seeks outstanding candidates who have potentially strong leadership skills, a quality university education, international backgrounds and are good citizens with the ability to make a positive impact in the corporate world. In addition, IESE seeks to recruit internationally diverse candidates.
Graduates from the MiM are equipped with a solid general management foundation, a global mindset, managerial capabilities, and an intrinsic grasp of the importance of ethics and corporate social responsibility in the business environment.
IESE MiM students have an average age of 24, with maximum 2 years of work experience and an average GMAT score of 690. They reflect diverse nationalities and while English is the language they have in common, many students are multilingual.
IESE MiM students have an age range of 22-25. In some cases, other IESE programs – such as the full-time MiM are recommended – as they may fit best with specific professional goals.
IESE’s MiM program is 11 months long with one yearly intake in September. Each class is composed of 80 students.
Roughly 80 percent of the students in the MiM program is from outside of Spain, with 40 countries represented. Countries most represented are Germany, Spain, United Kingdom, United States and India.
Spanish is not a requirement for admission. All students who are non-native Spanish speakers will be required to enroll in the Business Spanish Program. The Business Spanish Program has different levels, from beginners to an advanced business Spanish level. Any knowledge of Spanish prior to the start of the Program will be in your advantage in obtaining a real level of fluency by the end of the MiM.
Admissions Requirements
General Info
If you are considering applying to the MiM program, we recommend that you visit the IESE campus in Madrid. We hold Open Days on the Madrid campus, as well as Case Study Presentations at other international locations. These events provide great opportunities to find out if IESE is right for you. In case you cannot attend an Open Day please contact us at mim@iese.edu to arrange a class visit and campus tour.
To apply to IESE’s MiM program, you must:
- Have completed a bachelor’s degree or equivalent.
- Submit all application requirements detailed on our website: application form, application fee, university transcripts copy, GMAT, English Test (if applicable), Passport copy and one recommendation letter.
All applications are reviewed by a Pre-Committee that will either deny admission or invite you to proceed to the second stage of the admissions process, the personal interview. Due to the volume of applications received, we will only conduct personal interviews for those candidates who have been invited to interview by the Pre-Committee. The Final Committee will evaluate all applications for a final decision after the entire process is complete.
For details, visit mim.iese.edu.
The admission process begins in August. We recommend that all non-EU citizens apply before Round 3 in order to assure time for visa procedure. It is important to remember that scholarships are awarded only in the first three rounds of the admissions process, with 70 percent of them being awarded in the first two rounds. Applications received after the deadline will be processed in the next application round. Find more information here.
Once admitted to the program you will need to send the original transcripts and degree certifications.
Send all necessary originals or certified copies of transcripts and degrees by mail to:
IESE Business School
MiM Admissions Office
Camino del Cerro del Águila 3,
Madrid, Spain
28023
Work experience is not required. Candidates can have a maximum of 2 years of work experience.
IESE considers work experience to be exercised after graduating from university.
IESE MiM students reflect a wide range of backgrounds. We welcome applications from diverse fields including law, medicine, the arts and non-profit organizations. Leadership potential and a global mindset are also key attributes.
Yes, one recommendation letter is required. The letter should reflect your capacities in the academic or work environment. Recommendations from extra-curricular activities such as Volunteer Organizations can also be considered.
Please submit your recommendation letter through the on-line application system. The recommendation letter can be submitted in Spanish and/or English.
If your recommender is not able to submit your recommendation letter through the on-line application system please let us know at mim@iese.edu
There are several options open to you in terms of financing your IESE MiM. As an IESE student you may be eligible to apply for scholarships (you can submit your essay during the online application process) and loans offered through the IESE Financial Office. Among loan options, you can choose from: the Global Loan provided by Banco Sabadell, Prodigy Finance Loan Program or Sallie Mae Student Loans.
You’ll find information, support and answers to your questions at the IESE Financial Aid Office or by contacting us at: faohelp@iese.edu.
If you are not an EU citizen, you must obtain a student visa before coming to Spain to start the MiM program. Requirements may vary depending on citizenship, from country to country and many times, from consulate to consulate within the same country. To begin, you should first contact your closest Spanish Consulate or Embassy and ask for the list of documents and procedures to apply for a “type D” student visa (often a personal visit to the Consulate will be required). This visa allows a 90 days stay in Spain. Within this period you should apply for a student card in order to legalize your situation.
IESE provides a letter of support called a “Certificate of Acceptance” after you have confirmed that you are accepting the place in the program and paid the tuition deposit. Should your consulate request more information, we urge you to contact the MiM Admissions office to make us aware of your needs. We will adapt the certificate to reflect the information required by your consulate. As an incoming student, you will be responsible for all other information and documentation.
IESE will provide as much support as possible to assist you. Applying for and obtaining the visa on time to begin the program is your responsibility. We recommend that you contact the Consulate as soon as possible upon admission and keep us informed of any difficulties you encounter.
No. IESE Business School does not accept transfer students who begin their MiM at another university and wish to earn their degree from IESE.
GMAT Info
The GMAT or GRE is an obligatory component of your application and cannot be waived. Your GMAT/GRE score is valid for 5 years.
IESE does not have a minimum required GMAT or GRE score. Please keep in mind that the GMAT or GRE is just one of the criteria for admission. A high score does not guarantee admission, while a below average score does not eliminate a candidate.
IESE’s GMAT Reporting Code is S21-BK-30, through Pearson.
There is no minimum GMAT score, however, the results are taken into consideration together with other aspects of your profile. Candidates should demonstrate strength in both quantitative and verbal sections of the exam, however.
IESE’s Admissions Committee will consider all of your GMAT exam results and will give greatest importance to the highest score you have earned.
Once you have taken the GMAT exam, you score is valid for the next five years.
If you need to take the GMAT test on a date very close to one of our admissions deadlines, you can send us the elements of your application that you have and your GMAT results later. However, we prefer to receive the entire application package at one time, when possible.
Yes, we will accept result of the old version of the exam as long as the results are still valid (no longer than 5 years old).
The modification of the exam does not have any impact on IESE’s admissions process and the requirements for being accepted to the program.
The Integrated Reasoning (IR) section is designed to assess your ability to evaluate information presented in a variety of formats and from different sources. As this is a relatively new characteristic of the exam, IESE is not at this time looking at results of this section in the application process. At this time, the school focuses on the other sections of the exam, although in the future this will be incorporated. Nevertheless, you should complete the IR section since we will use this information at later time in the overall assessment of the candidate.
Yes, we accept GRE scores instead of the GMAT. As with the GMAT, however, a high score on the GRE does not ensure acceptance to the program. A wide range of criteria are taken into consideration by the Admissions Committee when reviewing applications. Results of the GRE are also valid for five years.
Language policy
At IESE, English is the working language used in the classroom. You must be fluent in English in order to be considered for the MiM program.
IESE’s language policy was created to facilitate a highly global learning experience and environment. However, IESE MiM students generally speak three to four languages before starting the program, so you will hear many other languages spoken while you are on campus.
No, as stated earlier, Spanish is not a requirement for the IESE MiM program.
This requirement can be waived for those people meeting at least one of the following criteria:
- For those whose mother tongue is English.
- Have obtained a university degree or post graduate degree entirely in English or in an English speaking country. In order for a post graduate degree to qualify, it must be at least a 2 year degree.
- Have lived for at least two consecutive years in an English speaking country.
- English Test scores are valid for 2 years and scores should be valid on the day of receipt of your application and supplemental documents. English Tests accepted by the MiM Admissions Department are:
TOEFL:
The recommended TOEFL for admission is 100pts. English proficiency level is essential in order to be able to interact and participate in class. Our TOEFL code is 0755 and we should receive the original score directly from ETS – photocopies will not be accepted. www.toefl.org
PTE Academic (Pearson Test of English Academic):
The PTE Academic score required for admission is 68 (C1). For more information, please visit: www.pearsonpte.com
IELTS: (International English Language Testing System):
The recommended IELTS score for admission is band 7.0. IELTS is jointly managed by the University of Cambridge ESOL (Cambridge ESOL), British Council and IDP Education Australia. For more information, please visit: www.ielts.com
Cambridge Certificate of Proficiency in English:
The Cambridge Proficiency Certificate score required for admission is level A or B. For more information, please visit: www.cambridge-efl.org
The Admissions Process
After applying through the Embark platform, you will receive an email which will include a link and a password. Using this information, you can track your application process in real time.
You must apply online through the Link to Embark. When using this option, note that the application fee is €100 and that you will have to provide your credit card details for payment in order to submit your application electronically. Once you log on to the online application, you will be given a password and a username so that you can access your application any time and work on it at your own pace. For further information please consult Admissions Process. The application needs to be completed in English. All forms (for recommenders and university register) can be downloaded from the site. Recommendation letters should be written in either Spanish or English.
Due to the number of applications we receive, the Admissions team is unable to provide individual comments on applications that are unsuccessful.
If you are not accepted to the program, you can apply again during the next annual intake.
We allow applicants to defer admission for 1 year.
No. No application will be reviewed until the application fee has been received. There are no exceptions.
It is important to know that in order to meet one of the application deadlines, we need to have received your complete application package (i.e. completed application form and all supplemental documents, including original GMAT and English Test scores). If one of the supporting documents reaches us after your chosen deadline, your application will be considered for the next round.
No documents will be returned to candidates who are denied admission. When you submit your application and all related documents to IESE, you sign confirming that they become property of the school.
Interview and Final Decisions
Yes, as part of the initial selection process, a group of selected applicants are invited to participate in a personal interview. From this cohort, a final group of candidates is finally accepted.
Interviews are carried out by members of the Admissions Committee or IESE professors.
Candidates will generally be informed if they are invited to carry out an interview 2-3 weeks after receiving confirmation that their application has been received by IESE.
Candidates are generally notified of the decision taken on their application six weeks following the interview.
The Admissions Team will notify you by email of the final decision on your application.
Fees and Financial Aid
The tuition fee for the MiM is €37,900 . Living expenses in Madrid are comparable to those in any major European city. Students sharing a flat can expect to pay roughly €1,000 per month. IESE Business School has no on-campus accommodation, but we can assist you with useful resources and advice on how to find housing. For updated information, visit IESE’s website. Additional information can be found on Fees and Expenses or Financial Aid.
Admitted candidates must pay a non-refundable commitment fee of 3,750 euros to hold their position in the program before the indicated fee deadlines. To confirm the intention to join the program a non-refundable reservation fee of 3,750 euros is required. Both fees are deductible from the total program cost.
IESE’s MiM is recognized by many scholarship programs around the globe. Visit the website of the school’s Financial Aid Office for details.
IESE offers the possibility to finance up to 80% of the tuition fees through the Global loan offered by Banco Sabadell.
Several scholarships are available to incoming IESE students. IESE scholarship applications should be completed and submitted within the MiM application form to the Admissions Department as early as possible. The Scholarship Committee takes the final decision on which type of scholarship each admitted candidate receives. Candidates are requested to submit just one scholarship essay with their application. Types of scholarships include:
- IESE Trust Scholarships
The IESE Trust awards scholarships to students with outstanding academic records, excellent professional experience and personal merit. The scholarships cover up to 60% of tuition fees. Please note that living expenses are not covered by any of the scholarships. The Trust Scholarships are awarded at the discretion of the Scholarship Committee. - The MiM Admissions Scholarship
The MiM Admissions Department grants a scholarship to outstanding candidates with verifiable financial constraints. - Scholarships for Students from Developing Countries
The MiM program welcomes professionals from developing economies. These scholarships support outstanding candidates who live and work in a developing country. - FORTÉ (Foundation Fellowships)
IESE is committed to increasing the number of women leaders in business. These scholarships support women with a track record of outstanding professional accomplishment. - Scholarships for Students with Children
IESE welcomes students with families and grants scholarships for students who, in the opinion of the Scholarship Committee, deserve financial aid. - IESE Alumni Association Scholarships
The IESE Alumni Association awards scholarships covering up to 60% of tuition fees for the first and second year of the MiM program. These scholarships are for future MiM students who have demonstrated exceptional work experience and personal merit.
Students are limited to one scholarship, there’s no need to apply for a specific scholarship.
IESE’s Scholarships Committee meets four times per year. Scholarships are generally announced six weeks following notification of acceptance to the program.
IESE’s Admissions Team will inform you about the scholarship decision. We kindly ask that applicants wait for the team to contact them.
Living expenses in Madrid are comparable to those in any major European city. Students sharing a flat can expect to have a cost of living of roughly €1,000 per month. IESE Business School has no on-campus accommodation, but we can assist you with useful resources and advice on how to find housing.
Moving to Madrid
It is true that many businesses and services are closed in the month of August, but some real estate agencies do remain open. Many students are able to find housing in August before starting the Business Spanish Program but in general you should count on having temporary housing upon arrival. The Welcome Guide will list some recommended temporary accommodations as well as resources to assist you in your search for housing. The recommended months for your search of housing is during the months of June and July.
An updated version of the Welcome Guide is available each year, containing information on relocating to Madrid, beginning the MiM program and setting into the city.
Career Services
Students benefit from a comprehensive set of resources to help them secure optimal professional positions after the MiM, offered by the Career Development Center. The team provides one-on-one counseling, organizes recruiting events that include leading global companies and offers career sessions and workshops.
In addition, those graduates who are members of the IESE Alumni Association can avail of a career counseling service for Alumni and have the option to access the job board in order to apply to the opportunities available there.
IESE’s Career Development Center provides truly global support for students’ job searches following graduation. The school does not focus on one geographic area, but instead has strong links with recruiters around the world to help students identify opportunities – in Europe, as well as Latin America, North America and Asia.
IESE’s Career Development Center works closely with companies all over the world to help them find the best talent for their organisations from IESE’s talent pool. Including the Master in Management for junior positions, the MBA program and IESE Alumni for more senior positions.
Salaries differ significantly, according to factors such as sector and geographic location. Detailed information is available on the Career Services website.
Company recruiters increasingly seek talent with international experience and foreign language skills. Nevertheless, most positions have specific language requirements and most countries’ visa requirements differ for different nationality.
For financial institutions and banks it is important to plan early because some have structured recruiting programs where the application deadlines sometimes occur even before the program start. Also for some companies the only way to enter is via internship programs. Another thing to take into mind is that for some strucutured programs the intake sometimes happen almost a year after the master ends.
Yes. IESE’s Career Development Center will bring many opportunities on campus but still the vast mayority of positions will never be posted anywhere and can only be accessed by networking. So reaching out to companies to learn about their day to day activities and recruiting needs is a fundamental part of the job search and this can be done before coming on campus.
The Career Development team is normally not available to meet with candidates prior to the program. However, if you have any specific doubt you can reach out to your IESE point of contact and they can put you in contact with the right person.
Upon being fully admitted to the program, you will have access to the online Onboarding course in the Welcome site. This SPOC (small private online course) consists of four modules which combine video lectures, assignments and additional reading to help you in the process of understanding what career management is, start self-assessment, explore different career options to see what fits you and start working on your brand (CV, telling you story so you are remembered, etc). By getting students before the program to start exploring career options in a structured manner and to understand what gaps exist between where they are and where they want to be, the main objective of this course is to help students truly leverage their MiM experience.
Orientation Week at the start of the program, Mock interview event at the end of November and Career Development week at the end of the second period of the MiM are designed to help students develop the skills to plan and execute their next step effectively.
From the start of the program students are assigned a director as their point of contact with MiM Career Services and discuss with them general career management issues. In addition, you can also count with the support of 10 associate directors who are available to meet with students in order to provide specific advice on careers in their sectors or geographical regions, how to be effective in the processes they are looking to apply to and mock interview them.
Finally, throughout the program, students also have access to a whole array of career management resources including:
- Sessions or workshops on different career related topics – from setting an effective job search strategy to salary negotiation
- Online resources for practicing interviews, contacting and getting specific advice from fellow students and alumni, and over 70 webinars on careers in different sectors and functions
Yes, however we recommend that you advise the company that is sponsoring you if you choose to be included.
Alumni Community
IESE’s vast alumni network includes more than 44,000 professionals living and working in more than 120 countries. Graduates gather regularly to network and learn at international cities around the world through the school’s Continuous Education Program, which is organized by the Alumni Association.
You can meet IESE alumni at recruiting events held around the world, such as Open Days and Assessment Days. These events provide excellent opportunities to find out more about the program, meet graduates and get to know faculty members. We also suggest contacting any alumni you know through your own personal social networks such as LinkedIn.
About IESE
IESE and its parent institution, the University of Navarra, are initiatives of Opus Dei, which is a personal prelature of the Catholic Church. While IESE was founded on the principles of Opus Dei, the students represent an array of religious beliefs. Respect for all religions and human being is a fundamental tenet of the IESE community. Students are encouraged to develop a people–oriented vision of business, based on respect for the rights and responsibilities of the individuals who comprise the business world. For more information you can visit https://www.iese.edu/about/
IESE mission is to develop business leaders who can have a deep, lasting and positive impact on people, companies and society.
The IESE program takes place at the school’s main campus in Madrid, in the residential area of Madrid-Aravaca just 15 minutes from the city center. However, IESE delivers programs all over the world. It has a campus in Barcelona, Munich, New York and Sao Paulo and an office in Warsaw.
IESE offers the MiM, the full-time MBA, Executive MBA, Global Executive MBA and the PhD in Management programs, as well as a wide range of executive education open and custom programs for senior global executives.
FAQS
IESE DOCUMENTS
Our accreditations
Standards of Excellence
The quality of our faculty, resources and programs are recognized on many levels, including by official accrediting agencies. We’re pleased to hold triple accreditation from the following organizations:
AACSB (Association to Advance Collegiate Schools of Business) was founded in 1916 and is the longest-serving global accrediting body for business schools that offer undergraduate, master’s and doctoral degrees in business and accounting. Less than 5% of the world’s business schools hold an AACSB accreditation.
EQUIS (European Quality Improvement System) is the accrediting body of the European Foundation for Management Development (EFMD) and is dedicated to raising the standard of management education worldwide.
AMBA (Association of MBAs) is based in the UK and accredits graduate business programs worldwide.
In addition, IESE is accredited by the Spanish Ministry of Education‘s ANECA, which is responsible for accrediting higher education institutions in Spain.
ANECA
Quality Plan Introduction
As a result of our commitment to guaranteeing the quality of the degrees and services we offer, IESE participates in the Institutional Assessment and Verification Plan promoted by ANECA. As part of ANECA’s AUDIT program, the Internal Quality Control System (SGIC) was started up as a support tool for the design, implementation, monitoring and improvement of each IESE degree.
On July 13, 2010, we created the Quality Guarantee Committee (CGC) to monitor the school’s postgraduate programs. The CGC coordinates the tasks of planning and monitoring the SGIC. The Committee’s mission is to protect society’s interests regarding the quality of IESE’s educational programs and to study proposals for acquiring official undergraduate, master’s and doctorate degrees.
Members of the CGC
– Coordinator of the Quality Committee: Jaume Armengou
– Member of the University’s Quality and Accreditation Assessment Committee (CECA): Unai Zalba
– Coordinator of the MBA: Marta Escardó
– Coordinator of the GEMBA: Mª Isabel de Muller
– Coordinator of the EMBA: Jordi Utges
– MBA Program Director: Carlos García Pont
– EMBA and GEMBA Program Director: Mª Julia Prats
– PhD and MRM Program Director: Giovanni Valentini
– Corporate Information Unit Director: Elisa Simón
Contact
IESE Business School – University of Navarra
Cristina Ruiz
calidad@iese.edu
Tel.: +34 93 253 42 00
Our regulatory framework includes features that guarantee teaching quality and stipulates that the different assessment agencies should help guarantee the objectives of quality in the university. The SGIC was implemented under the VERIFICA Program, which evaluates curriculum proposals in accordance with the European Higher Education Area.
Organic Act 4 of April 12, 2007, which amends Organic Act 6 of December 21, 2001
Royal Decree 861 of July 2, 2010, which amends Royal Decree 1393 of Oct. 29, 2007
Royal Decree 99 of Jan. 28, 2011
When curriculum verification is obtained from the Council of Universities, the effect is that listed degrees are considered accredited degrees and are included in the Spanish Registry of Universities, Centers and Qualifications (RUCT).
Master in Business Administration (MBA): BOE, June 8, 2010. RUCT
Executive Master in Business Administration (EMBA): BOE, June 20, 2017. RUCT
Global Executive Master in Business Administration (Global EMBA): BOE, Nov. 23, 2010. RUCT
Master of Research in Management (MRM): BOE, March 29, 2013. RUCT
PhD in Management: BOE RUCT 22-04-2013. RUCT
Minutes of the CGC – Academic Year 2010-2011
- Minutes CGC 13-07-2010 (in Spanish)
- Minutes CGC 16-11-2010 (in Spanish)
- Minutes CGC 02-03-2011 (in Spanish)
- Minutes CGC 25-05-2011 (in Spanish)
Minutes of the CGC – Academic Year 2011-2012
Minutes of the CGC – Academic Year 2012-2013
- Minutes CGC 15-11-2012 (in Spanish)
- Minutes CGC 06-03-2013 (in Spanish)
- Minutes CGC 12-06-2013 (in Spanish)
Minutes of the CGC – Academic Year 2013-2014
- Minutes CGC 18-06-2014 (in Spanish)
- Minutes CGC 18-03-2014 (in Spanish)
- Minutes CGC 18-11-2013 (in Spanish)
Minutes of the CGC – Academic Year 2014-2015
PROCESS MAP
Strategic processes
These are the processes that set the overall performance framework for the entire Quality Assurance System:
PE 1. General Quality Policy
PE 2. Improvement plan
PE 3. Creation, modification and extinction of titles
Analytical processes
These are the processes that determine the systematic analysis of official titles:
PA 1. General information of the title
PA 2. Curriculum
PA 3. Advice
PA 4. Mobility
PA 5. External practices
PA 6. Labor insertion and graduation profile
PA 7. Human resources
PA 8. Material resources and services
Support processes
They are the processes that provide the information, the documentary support and the rendering of accounts for the analytical processes:
PS 1. Documentation
PS 2. Surveys and indicators
PS 3. Complaints and suggestions
PS 4. Public information and accountability
The following values have been provided by the Integrated University Information System (SIIU), a platform developed by the Spanish General Secretariat of Universities.
Master in Business Administration (MBA)
| Academic year | Performance rate | Success rate | Assessment rate |
|---|---|---|---|
| 2010-2011 | 99.81% | 100.00% | 99.81% |
| 2011-2012 | 99.99% | 100.00% | 99.99% |
| 2013-2014 | 100.00% | 100.00% | 100.00% |
| 2014-2015 | 99.60% | 99.60% | 100.00% |
| 2015-2016 | 100.00% | 100.00% | 100.00% |
| 2016-2017 | 100.00% | 100.00% | 100.00% |
Executive Master in Business Administration (EMBA)
| Academic year | Performance rate | Success rate | Assessment rate |
|---|---|---|---|
| 2010-2011 | 99.53% | 99.71% | 99.82% |
| 2011-2012 | 99.45% | 99.48% | 99.98% |
| 2013-2014 | 99.16% | 99.80% | 99.36% |
| 2014-2015 | 99.91% | 100.00% | 99.91% |
| 2015-2016 | 99.88% | 99.88% | 100.00% |
| 2016-2017 | 99,72% | 99,72% | 100.00% |
Global Executive Master in Business Administration (GEMBA)
| Academic year | Performance rate | Success rate | Assessment rate |
|---|---|---|---|
| 2012-2013 | 96.64% | 100.00% | 96.64% |
| 2014-2015 | 99.66% | 100.00% | 99.66% |
| 2015-2016 | 99.83% | 100.00% | 99.83% |
| 2016-2017 | 100.00% | 100.00% | 100.00% |
Master’s Degree of Research in Management
| Academic year | Performance rate | Success rate | Assessment rate |
|---|---|---|---|
| 2010-2011 | 100.00% | 100.00% | 100.00% |
| 2011-2012 | 100.00% | 100.00% | 100.00% |
| 2013-2014 | 100.00% | 100.00% | 100.00% |
| 2014-2015 | 100.00% | 100.00% | 100.00% |
| 2015-2016 | 100.00% | 100.00% | 100.00% |
| 2016-2017 | 99,76% | 99,76% | 100.00% |
Performance Rate: A percentage representing the number of credits passed by students enrolled in an academic year divided by the total number of credits enrolled in during that academic year.
Success Rate: A percentage representing the number of credits passed by students enrolled in an academic year divided by the total number of credits for which students took an exam during that academic year.
Assessment Rate: A percentage representing the number of credits for which students took an exam in an academic year divided by the total number of credits enrolled in during that academic year.
QUALITY PLAN
Sistemas de apoyo y orientación a alumnos con necesidades especiales
Admisión
Tanto el procedimiento de admisión como las pruebas y requisitos de acceso se han elaborado conforme a lo prescrito por los artículos 16 y 17 del RD 1393/2007. En este sentido, los estudiantes con necesidades especiales contarán durante el proceso de admisiones con un mentor que evaluará sus necesidades en el contexto del programa Master in Management (MiM).
Seguimiento del alumno
Es importante que los alumnos con necesidades especiales informen al programa sobre sus requisitos, para poder tomar las medidas necesarias. Las áreas en las que el programa ofrece ayuda a los alumnos del MiM incluyen búsqueda de alojamiento adecuado a las necesidades del alumno, su ubicación en clase, asignación de tiempo adicional durante los exámenes, etc.
Cada estudiante cuenta con un mentor académico que lo acoge y asesora desde su incorporación hasta el final de su recorrido académico para que pueda cumplir los objetivos del programa formativo con eficacia y en el tiempo previsto. Los mentores cuidan con especial atención los casos de estudiantes con necesidades especiales y evaluarán la necesidad de posibles adaptaciones curriculares.
Policies for students with special needs
MIM FACULTY TEAM
MiM faculty TEAM
Javier Aguirreamalloa
Financial Management
PhD in Business Administration (Finance), University of Navarra
Yago de la Cierva
Managing People in Organizations
Doctor in Philosophy, University of Navarra
Ricardo Calleja
Business Ethics
PhD in Legal and Political Philosophy, Universidad Complutense of Madrid
Javier Díaz-Giménez
Economics
PhD in Economics, University of Minnesota
Isabelle Engeler
Marketing
PhD in Management (Marketing), University of St. Gallen
Miguel Duro
Accounting and Control
PhD in Accounting, Columbia Business School
Marta Elvira
Managing People in Organizations and Strategic Management
PhD in Organizational Behavior and Industrial Relations, U.C. Berkeley’s Haas School of Business[Educational Detail]
Óscar González-Peralta
Business Ethics
Executive MBA, IESE, University of Navarra
Roberto García Castro
Managerial Decision Sciences
PhD in Management, IESE Business School, University of Navarra
José Luis Illueca
Managing People in Organizations and Business Ethics
PhD in Business Administration and Economics, Universidad de Navarra
Mireia Giné
Financial Management
PhD Facultad de Ciencias Económicas, University of Barcelona
Francisco Iniesta
Marketing
Doctor of Business Administration, Boston University
Núria Mas
Economics
PhD in Economics, Harvard University
Carlos Rodríguez-Lluesma
Managing People in Organizations
PhD in Organizations from Stanford University Doctor in Philosophy, University of Navarra
Philip Moscoso
Production, Technology and Operations Management
Ph.D in Industrial Engineering and Management, ETH Zurich
Álvaro San Martín
Managing People in Organizations
PhD in Management (Organisational Behaviour), INSEAD
Julia Prats
Entrepreneurship
Doctor of Business Administration, Harvard University
Stefano Sacchetto
Financial Management
PhD in Economics, London Business School
Edi Soler
Accounting and Control
PhD in Business Administration (Accounting), Universitat Politècnica de Catalunya
David Wehrheim
Strategic Management
PhD in Business and Quantitative Methods, Universidad Carlos III de Madrid
Sanja Tumbas
Digital Business
PhD Business Economics, University of Liechtenstein
Guido Stein
Managing People in Organizations and Negotiation Teaching Unit
Doctor of Philosophy (Management), University of Navarra in Philosophy
Valentina Raponi
Financial Management
PhD in Methodological Statistics, Sapienza University of Rome
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NEXT SLIDE
Jump Ahead!
Interested in IESE's
Master in Management?
Jump Ahead!
Interested in IESE's
Master in Management?
THE IESE EXPERIENCE
There is no better place than IESE to kick-start your career. The IESE MiM is an immersive experience at one of the world’s best business schools. It will transform your perspectives and your prospects. The program goes beyond a comprehensive grounding in the fundamentals of business management – you’ll also build real-world know-how, and understand how to put theory into practice. IESE’s strong links with top recruiters in Europe and worldwide will open doors for your future.
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MADRID EXPERIENCE
Greater Madrid Population
6.8 million
Museums
92
Theatres
132
Hours of sun per year
2.900
Worldwide Smart city ranking
25th
Foreigners who feel welcome
9 out of 10
IESE Madrid Alumni
+14.000
Companies in Madrid area
+157.300
Popular races
160
Passengers / year Airport
53,4 million
Km underground
300
Passengers underground
622 million
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THE IESE MiM
The IESE MiM prepares you to launch your career. You’ll graduate ready to start your first job in management – and make a lasting mark. During the program you’ll develop the essential analytical skills and knowledge you need to succeed in entry-level management roles. You’ll also learn what it means to be an inspirational leader who puts people first – and take your initial steps toward having a positive impact on the world.
HOW IT HELPS YOU GO FURTHER
GREAT GUIDANCE
Your professors and mentors are experts in their respective fields. Ninety-five percent of them have PhDs and there are IESE faculty members from almost half the countries of the world. They’ll help you develop new perspectives and see new opportunities.
GREAT PEERS
You’ll learn from and alongside diverse, talented classmates as you share a transformative journey together. You’ll develop a network of friends and contacts that will last a lifetime.
GREAT CONTENT
You’ll acquire the tools to take on any challenge. You’ll learn to think critically, backed by solid fundamental knowledge. And you’ll sharpen your skills by applying them to hands-on experiences and real case studies. When you graduate, you’ll have the ability to analyze business problems, tackle real life complexity and make informed decisions – ready for your first role in management.
GREAT CAREER SUPPORT
IESE’s experienced Career Services team will connect you with the best recruiters and help you prepare to land your dream job. With their support you’ll be confident and ready to show the best of yourself in interviews on your CVs, at networking events and in society.
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KEY DETAILS
LOCATION:
Madrid
Age range:
22-25 years
LENGTH:
11 months
Profile:
Recent graduates with
0-2 years of working experience
0-2 years of working experience
Start date:
September 2019
Nationalities:
Participants from all over the world
KEY DETAILS
LOCATION:
Madrid
LENGTH:
11 months
Start date:
September 2019
Age range:
22-25 years
Profile:
Recent graduates with
0-2 years of working experience
0-2 years of working experience
Nationalities:
Participants from all over the world
CLASS PROFILE:
WHO IS IT FOR?
Your IESE MiM classmates will share your talent and desire to make a positive impact in business and society. They will bring a rich array of experiences and worldviews as they will come from many diverse backgrounds and nationalities. Every MiM student must have an undergraduate degree and a maximum of one year of working experience.
WHO ARE WE LOOKING FOR:
You have finished an undergraduate degree –or you are about to finish one before the MiM start date– and you have no more than one year’s work experience.
You want to have a positive impact on the world.
You’re ready to embrace uncertainty and seek opportunities.
You’re comfortable with cultural diversity.
You want to develop a deep knowledge of business and finance, with a global vision of organizations.
You want to make fast, agile and effective use of models, data management and other quantitative tools and techniques.
You share our attitude toward work, the world, and other people: you’re dynamic, openminded, practical, entrepreneurial and analytical.
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PROGRAM
The program’s core courses build a solid foundation of business-management knowledge. Key themes range from marketing and finance to strategy and economics.
Projects allow you to integrate, connect and apply what you learn. Practical experiences and complementary activities unlock knowledge of how different functional areas combine to create both economic and non-economic value within companies.
As a complement to the academic study and project work, you’ll engage with the business world’s most critical issues in a special series program. Through this and associated activities, you’ll gain the mentality and real-world abilities to tackle complex problems.
TRACKS: Depending on core number the following proposed tracks will be available: Sales / Marketing Digital Finance Data Management Strategy / Entrepreneurship CAPSTONE COURSE: At the end of the program there will be a special capstone course that will help you reflect on what you’ve learned and plan the next steps in your career. METHODOLOGY: At IESE we believe in active-learning methodologies. That means that you will take ownership of what you learn. Through the case method, multimedia simulations, projects and teamwork, interconnection with our faculty and your multicultural peers, role-play, design thinking methodology and scrum agile design, you will acquire the skills, the knowledge and the insight to make critical decisions as a business leader.
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CAREER
OPPORTUNITIES
Achieve Your Career Goals
The world’s leading companies recruit IESE talent. IESE graduates are in demand because of the value they deliver, whatever the sector, wherever the opportunity.
Set your career objectives and developa strategy to achieve them. You’ll get personalized support from the Career Development Center as you refine your job-search skills, expand your network and prepare to present yourself to future employers.
As well as working with you throughout the year to increase your employability, the Career Development Center will work with potential recruiters to identify the best-possible opportunities for you. When you graduate, you’ll have the self-knowledge and insight into your target industry to make smart decisions. And you’ll have the confidence to know that you can add value to any workplace.
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0 %
of our students have at least one job offer
within three months of graduation
MBA Employment Report 2018
WHAT CAN I DO AFTER?
WHERE DOES THE MiM TAKE ME?
11 month journey
JOB OPPORTUNITIES AFTER THE MiM
JOB OPPORTUNITIES AFTER THE MiM
YOU CAREER
TOOLKIT
A rich array of activities and resources at the Career Development Center: prospecting the market, building workshops, mock interviews and job posting.
CAREER
FORUM
The Career Forum includes a career fair, company presentations, one-to-one interviews with recruiters and a multitude of networking opportunities. An unparalleled opportunity to matchtop talent with employers.
RECRUITMENT
EVENTS
A wide range of corporatepresentations and workshops for a variety of sectors and industries to prepare for interviews and your communication skills.
CAREER
COUNSELING
One-to-one sessions to help you reach your goals.
INDUSTRY MEETINGS
MiM students have the opportunity to meet managers and business people industry meetings days: Healthcare, Energy, Automotive, Food & Beverage, Fashion and luxury goods, etc.
BEYOND THE MiM
Get ready to grow personally as well as professionally. A dynamic capital city, a business school and a new international network of friends await you.
The MiM offers the opportunity to learn one of the world's most spoken languages. Non-native speakers of Spanish can study Business Spanish classes and take the DIEN Level 2 CEFR exam.
The IESE Madrid campus is an energetic melting pot of top talent from every part of the globe. Along with the young professionals in your program, you’ll meet and mingle with international business leaders at conferences, Alumni Association events and master classes. At Student Clubs and community events you can make friends, pursue your interests and enrich your student life.
After graduation, you’ll join a global community of over 47,000 business leaders in 150 cities around the world. The IESE Alumni Association provides you with career support, lifelong learning and networking opportunities wherever you are, for life.
Madrid is one of Europe’s most exciting capital cities. Discover a vibrant hub for business with an active international community. Explore its world-class cuisine and cultural scene. Madrid’s superb transport links put the rest of the country – and Europe – within easy reach.
admission process
The admissions process is designed to help you and IESE to figure out if the MiM is the right fit for you and your goals. You must hold an undergraduate degree and, if you are not a native English speaker, pass an English language test, as the programme is taught in English.
Your GMAT or GRE results are important but not decisive: Your personality, motivation, goals, leadership abilities and communication skills will also be taken into account.
We’d Like to Get to Know You
The admissions process helps us to select students whose ambitions and abilities align with the challenges of the MiM. By following our step-by-step admissions guide, we’ll find out more about you while you decide if IESE fits your goals. You’ll also discover what you need to know, the documents you should submit and the dates you need to do it by. Contact us at mim@iese.edu for more information.
DEADLINES
| Round | Application Deadline | Decision By | Deadline 1st deposit | Deadline 2nd deposit |
|---|---|---|---|---|
| R1 | September 19, 2019 | October 17, 2019 | October 31, 2019 | May 31, 2020 |
| R2 | October 31, 2019 | November 28, 2019 | December 12, 2019 | May 31, 2020 |
| R3 | December 12, 2019 | January 9, 2020 | January 23, 2020 | May 31, 2020 |
| R4 | January 23, 2020 | February 20, 2020 | March 5, 2020 | May 31, 2020 |
| R5 | March 5, 2020 | April 2, 2020 | April 16, 2020 | May 31, 2020 |
| R6 | April 16, 2020 | May 14, 2020 | May 28, 2020 | TBD |
| R7 | May 28, 2020 | June 25, 2020 | TBD | TBD |
| Rolling Process | From May 29, 2020 | Rolling, 2 - 4 weeks | TBD | TBD |
KEY DATES
| KEY DATES CLASS 2021 | ||
|---|---|---|
| August, 2020 | Move to Madrid. Get ready for the MiM. | Reduced office hours on campus 8:30 am – 2:30 pm |
| September 1 - 4, 2020 * | Orientation Days | Mandatory |
| September 7, 2020 * | First day of classes | Mandatory |
* These dates are subject to change.
WHO ARE WE LOOKING FOR?
IESE is defined by diversity. You’ll join a cohort of future leaders from over 40 countries, each with a different personal and academic background. As you work and develop together, you’ll share your own perspectives and learn from those of others. You’ll tale your place in an international team of motivated individuals, united by a desire to make a deep and positive impact on the world.
There’s no such thing as a typical IESE MiM student. Participants come from all over the world and a wide variety of backgrounds. Every student is different – but everyone in your cohort will have something in common: a desire to make a deep and positive impact on the world. Meet the Class of 2020.
Leonel Barrigh
Age: 25
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Melissa Akemakou
Age: 25
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Anastasia Drakaki
Age: 22
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Javier Prats
Age: 23
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Józef Angelus
Age: 26
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Jenny Kim
Age: 25
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Leonel Barrigh
Age: 25
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Country of Nationality: Honduras
Previous Education: International Degree in Management
Previous Work Experience: 9 months
Melissa Akemakou
Age: 25
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Country of Nationality: Togo
Previous Education: Economics
Previous Work Experience: 2 years
Anastasia Drakaki
Age: 22
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Country of Nationality: Greece
Previous Education: Philosophy, Politics, and Economics
Previous Work Experience: 6 months
Javier Prats
Age: 23
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Country of Nationality: Spain
Previous Education: Business Management
Previous Work Experience: 1,5 years
Józef Angelus
Age: 26
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Country of Nationality: Poland
Previous Education: International Business
Previous Work Experience: 2 years
Jenny Kim
Age: 25
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
Country of Nationality: United States
Previous Education: Economics
Previous Work Experience: 3 months
admission process
FOLLOW THE STEPS BELOW TO LAUNCH YOUR CAREER WITH THE IESE MiM
1 - APPLY ONLINE
Apply online and upload scans of the following documents in English.
We recommend that you:
- Keep a copy of all documents
- Clip each of the different documents separately
- Do not submit books, theses, or other materials not requested in this section
The GMAT (The Graduate Management Admissions Test) or GRE is mandatory for all candidates. If you have taken both, please submit both scores.
Get Started with a free GMAT from IESE: gmat.iese.edu
DOCUMENTS REQUIRED
- A COMPLETED APPLICATION FORM →
- Application fee
- Official transcripts
- GMAT/GRE
- English Test
- 1 letter of recommendation
- Mandatory essays (online form)
- Military or Civil Service Obligation Passport-size digital photograph (max. 2Mb.)
CLICK FOR MORE INFO
apply online
CLICK FOR MORE INFO
PERSONAL INTERVIEW
ADMISSION EVENTS
OPEN DAYS
We host regular MiM Open Days around the world to give you a chance to find out more about the program and meet our admission representatives face to face. Check the agenda for the next event near you.
Case presentations
Want to experience the case method? Our faculty and Admissions Team hold Case Presentation around the world. You’ll hear about the MiM program and then join a session on a real-life business case, interacting with others as if you were in an MIM Classroom.
Counseling days
Your personal interview can be held on our campus in Madrid, or at another city near you when our admissions directors are visiting. We can also interview you via videoconference. Your interview will be conducted in English.
Coffee Chats
We also host informal coffee chat gatherings all over the world. In these sessions you can learn about the program, meet our team and chat to IESE alumni to get their perspectives on the IESE MiM.
COST & FINANCIAL SUPPORT
The fees for the IESE MIM are €37,900. We are committed to helping you to explore financing options and opportunities so that you can make the best investment in your career and your future. Our Financial Aid office will help you to make informed decisions and find sources of finance.
admissions and key dates
FAQS
About the IESE MiM
IESE’s MiM is a full-time 11 month program that has a general management focus with a strong emphasis on quantitative methods, data analysis, entrepreneurship and ethics. The program is offered at IESE’s world-class campus in Madrid.
The program stands out for its strong international character, with students who hail from more than 40 countries and faculty members who reflect different nationalities. It also offers a unique bilingual dimension (English/Spanish). IESE students accepted into the program typically have a maximum of 2 years of work experience, speak more than one language and are seeking careers in global business or to start their own companies.
Students in IESE’s MiM reside full-time in Madrid during the program, attending classes Monday through Friday. A host of professional activities and social events take place on the weekends and during holidays. MiM students tend to be younger and have less or none professional experience than participants in the full-time MBA, Global Executive MBA and Executive MBA programs. Participants in the Executive MBA and the Global Executive MBA programs continue working while they carry out the program.
The Experience
Classes are held from Monday to Friday 8:30 – 12:30 and 14:00 – 15:15. There are breaks between each class. You will also have team work scheduled into your daily timetable.
A typical day for a student in IESE’s MiM program begins with a team meeting at 8.30 am where students prepare for the day’s challenges. This is then followed by classes. During the day there are also times to take a break, to practice sports and to interact with your classmates. Here is an overview:
- 8:45 Team Meeting
- 9:30 Quick Coffee in the cafeteria
- 9:45 First Session
- 11:15 Second Session
- 12:30 Lunch Break – Enjoy IESE gardens, last minute case reading
- 13:45 Third Session
- 18:15 Catch the shuttle back to Moncloa
- 17:15 Off to case work!
- Off to prepare cases, project work, sports training, dinners (etc.)
The program has a comprehensive general management focus with the objective of preparing talented professionals to take on leadership roles in global organizations or start their own companies. In addition, students can concentrate on a particular area by choosing between 5 tracks.
- Core courses: The program’s core courses that build a solid foundation of business-management knowledge. Key themes range from marketing and finance to strategy and economics.
- Skill Program: Development of specific skills and abilities such as presentations, data analysis, communication, negotiation, etc.
- Projects: Projects that allow students to integrate, connect and apply what they learn.
- Special Series Program: Series with guest speakers to speak about current topics and trends. We are going to meet the global leaders who have helped shape the world of business and politics. Sometimes they will be the main characters of the cases.
The program provides a solid business foundation with a focus on essentials such as economics, finance, operations, IT, global strategy and leading people in organizations. These areas are explored within a coherent, integrated framework.
The case-based method is a highly practical way to sharpen analytical and decision making abilities, while gaining key business knowledge. The approach employs examples of real business scenarios set in a wide range of geographic locations. Students discuss cases in multicultural teams, reflecting today’s global business environment. Conclusions are later discussed in a larger classroom setting, guided by an IESE professor. The case-based method is highly interactive and requires the ability to make effective contributions to all discussions.
Professors employ the case-based method roughly 80 percent of the time. However, students also benefit from lectures, keynote speakers and simulations.
Students are evaluated in each of their classes based on a combination of the following: class participation, group work, projects and exams. While the emphasis on each area varies according to professor and subject, it is fair to say that in most classes a high percentage of the overall result will be based on the value of class participation. The grading scale is based on a curve as follows: (may vary slightly according to class)
- Top 15% = A
- Mid 75% = B+ through B-
- Bottom 10% = C
An Academic Advisory Board reviews students with academic difficulties and in extreme cases, may recommend that the student abandon the program. Most students are able to take the necessary steps to avoid such dramatic occurrence by taking advantage of the support structure of their team and team leader as well as the open-door policy of professors. Our goal is to help students challenge themselves and to achieve their goals.
Yes, IESE employs a grade non-disclosure policy. The school only admits MiM candidates who have a proven track record of outstanding academic, as well as cross-cultural awareness and leadership potential. For this reason, recruiters are not permitted to ask students about grades during an interview.
Because the common language for everyone is English, we generally tell students that they will get out of the program what they put in. In other words, they can gain a strong base and tools to develop their language skills. However, we encourage students to make an effort to go beyond the required Spanish classes in order to improve and practice the language. By doing so, most students should obtain functional bilingualism.
IESE consistently ranks among the top 10 in widely-recognized rankings such as the Economist, the Financial Times andBusiness Week. For information on the latest rankings, visit www.iese.edu.
An ethics course is part of the program’s curricula, in addition, ethics are interwoven throughout the program by IESE faculty members when leading case discussions, as we believe that ethics is part of each decision.
No, the program takes place at IESE Madrid Campus only.
The Class
IESE seeks outstanding candidates who have potentially strong leadership skills, a quality university education, international backgrounds and are good citizens with the ability to make a positive impact in the corporate world. In addition, IESE seeks to recruit internationally diverse candidates.
Graduates from the MiM are equipped with a solid general management foundation, a global mindset, managerial capabilities, and an intrinsic grasp of the importance of ethics and corporate social responsibility in the business environment.
IESE MiM students have an average age of 24, with maximum 2 years of work experience and an average GMAT score of 690. They reflect diverse nationalities and while English is the language they have in common, many students are multilingual.
IESE MiM students have an age range of 22-25. In some cases, other IESE programs – such as the full-time MiM are recommended – as they may fit best with specific professional goals.
IESE’s MiM program is 11 months long with one yearly intake in September. Each class is composed of 80 students.
Roughly 80 percent of the students in the MiM program is from outside of Spain, with 40 countries represented. Countries most represented are Germany, Spain, United Kingdom, United States and India.
Spanish is not a requirement for admission. All students who are non-native Spanish speakers will be required to enroll in the Business Spanish Program. The Business Spanish Program has different levels, from beginners to an advanced business Spanish level. Any knowledge of Spanish prior to the start of the Program will be in your advantage in obtaining a real level of fluency by the end of the MiM.
Admissions Requirements
General Info
If you are considering applying to the MiM program, we recommend that you visit the IESE campus in Madrid. We hold Open Days on the Madrid campus, as well as Case Study Presentations at other international locations. These events provide great opportunities to find out if IESE is right for you. In case you cannot attend an Open Day please contact us at mim@iese.edu to arrange a class visit and campus tour.
To apply to IESE’s MiM program, you must:
- Have completed a bachelor’s degree or equivalent.
- Submit all application requirements detailed on our website: application form, application fee, university transcripts copy, GMAT, English Test (if applicable), Passport copy and one recommendation letter.
All applications are reviewed by a Pre-Committee that will either deny admission or invite you to proceed to the second stage of the admissions process, the personal interview. Due to the volume of applications received, we will only conduct personal interviews for those candidates who have been invited to interview by the Pre-Committee. The Final Committee will evaluate all applications for a final decision after the entire process is complete.
For details, visit mim.iese.edu.
The admission process begins in August. We recommend that all non-EU citizens apply before Round 3 in order to assure time for visa procedure. It is important to remember that scholarships are awarded only in the first three rounds of the admissions process, with 70 percent of them being awarded in the first two rounds. Applications received after the deadline will be processed in the next application round. Find more information here.
Once admitted to the program you will need to send the original transcripts and degree certifications.
Send all necessary originals or certified copies of transcripts and degrees by mail to:
IESE Business School
MiM Admissions Office
Camino del Cerro del Águila 3,
Madrid, Spain
28023
Work experience is not required. Candidates can have a maximum of 2 years of work experience.
IESE considers work experience to be exercised after graduating from university.
IESE MiM students reflect a wide range of backgrounds. We welcome applications from diverse fields including law, medicine, the arts and non-profit organizations. Leadership potential and a global mindset are also key attributes.
Yes, one recommendation letter is required. The letter should reflect your capacities in the academic or work environment. Recommendations from extra-curricular activities such as Volunteer Organizations can also be considered.
Please submit your recommendation letter through the on-line application system. The recommendation letter can be submitted in Spanish and/or English.
If your recommender is not able to submit your recommendation letter through the on-line application system please let us know at mim@iese.edu
There are several options open to you in terms of financing your IESE MiM. As an IESE student you may be eligible to apply for scholarships (you can submit your essay during the online application process) and loans offered through the IESE Financial Office. Among loan options, you can choose from: the Global Loan provided by Banco Sabadell, Prodigy Finance Loan Program or Sallie Mae Student Loans.
You’ll find information, support and answers to your questions at the IESE Financial Aid Office or by contacting us at: faohelp@iese.edu.
If you are not an EU citizen, you must obtain a student visa before coming to Spain to start the MiM program. Requirements may vary depending on citizenship, from country to country and many times, from consulate to consulate within the same country. To begin, you should first contact your closest Spanish Consulate or Embassy and ask for the list of documents and procedures to apply for a “type D” student visa (often a personal visit to the Consulate will be required). This visa allows a 90 days stay in Spain. Within this period you should apply for a student card in order to legalize your situation.
IESE provides a letter of support called a “Certificate of Acceptance” after you have confirmed that you are accepting the place in the program and paid the tuition deposit. Should your consulate request more information, we urge you to contact the MiM Admissions office to make us aware of your needs. We will adapt the certificate to reflect the information required by your consulate. As an incoming student, you will be responsible for all other information and documentation.
IESE will provide as much support as possible to assist you. Applying for and obtaining the visa on time to begin the program is your responsibility. We recommend that you contact the Consulate as soon as possible upon admission and keep us informed of any difficulties you encounter.
No. IESE Business School does not accept transfer students who begin their MiM at another university and wish to earn their degree from IESE.
GMAT Info
The GMAT or GRE is an obligatory component of your application and cannot be waived. Your GMAT/GRE score is valid for 5 years.
IESE does not have a minimum required GMAT or GRE score. Please keep in mind that the GMAT or GRE is just one of the criteria for admission. A high score does not guarantee admission, while a below average score does not eliminate a candidate.
IESE’s GMAT Reporting Code is S21-BK-30, through Pearson.
There is no minimum GMAT score, however, the results are taken into consideration together with other aspects of your profile. Candidates should demonstrate strength in both quantitative and verbal sections of the exam, however.
IESE’s Admissions Committee will consider all of your GMAT exam results and will give greatest importance to the highest score you have earned.
Once you have taken the GMAT exam, you score is valid for the next five years.
If you need to take the GMAT test on a date very close to one of our admissions deadlines, you can send us the elements of your application that you have and your GMAT results later. However, we prefer to receive the entire application package at one time, when possible.
Yes, we will accept result of the old version of the exam as long as the results are still valid (no longer than 5 years old).
The modification of the exam does not have any impact on IESE’s admissions process and the requirements for being accepted to the program.
The Integrated Reasoning (IR) section is designed to assess your ability to evaluate information presented in a variety of formats and from different sources. As this is a relatively new characteristic of the exam, IESE is not at this time looking at results of this section in the application process. At this time, the school focuses on the other sections of the exam, although in the future this will be incorporated. Nevertheless, you should complete the IR section since we will use this information at later time in the overall assessment of the candidate.
Yes, we accept GRE scores instead of the GMAT. As with the GMAT, however, a high score on the GRE does not ensure acceptance to the program. A wide range of criteria are taken into consideration by the Admissions Committee when reviewing applications. Results of the GRE are also valid for five years.
Language policy
At IESE, English is the working language used in the classroom. You must be fluent in English in order to be considered for the MiM program.
IESE’s language policy was created to facilitate a highly global learning experience and environment. However, IESE MiM students generally speak three to four languages before starting the program, so you will hear many other languages spoken while you are on campus.
No, as stated earlier, Spanish is not a requirement for the IESE MiM program.
This requirement can be waived for those people meeting at least one of the following criteria:
- For those whose mother tongue is English.
- Have obtained a university degree or post graduate degree entirely in English or in an English speaking country. In order for a post graduate degree to qualify, it must be at least a 2 year degree.
- Have lived for at least two consecutive years in an English speaking country.
- English Test scores are valid for 2 years and scores should be valid on the day of receipt of your application and supplemental documents. English Tests accepted by the MiM Admissions Department are:
TOEFL:
The recommended TOEFL for admission is 100pts. English proficiency level is essential in order to be able to interact and participate in class. Our TOEFL code is 0755 and we should receive the original score directly from ETS – photocopies will not be accepted. www.toefl.org
PTE Academic (Pearson Test of English Academic):
The PTE Academic score required for admission is 68 (C1). For more information, please visit: www.pearsonpte.com
IELTS: (International English Language Testing System):
The recommended IELTS score for admission is band 7.0. IELTS is jointly managed by the University of Cambridge ESOL (Cambridge ESOL), British Council and IDP Education Australia. For more information, please visit: www.ielts.com
Cambridge Certificate of Proficiency in English:
The Cambridge Proficiency Certificate score required for admission is level A or B. For more information, please visit: www.cambridge-efl.org
The Admissions Process
After applying through the Embark platform, you will receive an email which will include a link and a password. Using this information, you can track your application process in real time.
You must apply online through the Link to Embark. When using this option, note that the application fee is €100 and that you will have to provide your credit card details for payment in order to submit your application electronically. Once you log on to the online application, you will be given a password and a username so that you can access your application any time and work on it at your own pace. For further information please consult Admissions Process. The application needs to be completed in English. All forms (for recommenders and university register) can be downloaded from the site. Recommendation letters should be written in either Spanish or English.
Due to the number of applications we receive, the Admissions team is unable to provide individual comments on applications that are unsuccessful.
If you are not accepted to the program, you can apply again during the next annual intake.
We allow applicants to defer admission for 1 year.
No. No application will be reviewed until the application fee has been received. There are no exceptions.
It is important to know that in order to meet one of the application deadlines, we need to have received your complete application package (i.e. completed application form and all supplemental documents, including original GMAT and English Test scores). If one of the supporting documents reaches us after your chosen deadline, your application will be considered for the next round.
No documents will be returned to candidates who are denied admission. When you submit your application and all related documents to IESE, you sign confirming that they become property of the school.
Interview and Final Decisions
Yes, as part of the initial selection process, a group of selected applicants are invited to participate in a personal interview. From this cohort, a final group of candidates is finally accepted.
Interviews are carried out by members of the Admissions Committee or IESE professors.
Candidates will generally be informed if they are invited to carry out an interview 2-3 weeks after receiving confirmation that their application has been received by IESE.
Candidates are generally notified of the decision taken on their application six weeks following the interview.
The Admissions Team will notify you by email of the final decision on your application.
Fees and Financial Aid
The tuition fee for the MiM is €37,900 . Living expenses in Madrid are comparable to those in any major European city. Students sharing a flat can expect to pay roughly €1,000 per month. IESE Business School has no on-campus accommodation, but we can assist you with useful resources and advice on how to find housing. For updated information, visit IESE’s website. Additional information can be found on Fees and Expenses or Financial Aid.
Admitted candidates must pay a non-refundable commitment fee of 3,750 euros to hold their position in the program before the indicated fee deadlines. To confirm the intention to join the program a non-refundable reservation fee of 3,750 euros is required. Both fees are deductible from the total program cost.
IESE’s MiM is recognized by many scholarship programs around the globe. Visit the website of the school’s Financial Aid Office for details.
IESE offers the possibility to finance up to 80% of the tuition fees through the Global loan offered by Banco Sabadell.
Several scholarships are available to incoming IESE students. IESE scholarship applications should be completed and submitted within the MiM application form to the Admissions Department as early as possible. The Scholarship Committee takes the final decision on which type of scholarship each admitted candidate receives. Candidates are requested to submit just one scholarship essay with their application. Types of scholarships include:
- IESE Trust Scholarships
The IESE Trust awards scholarships to students with outstanding academic records, excellent professional experience and personal merit. The scholarships cover up to 60% of tuition fees. Please note that living expenses are not covered by any of the scholarships. The Trust Scholarships are awarded at the discretion of the Scholarship Committee. - The MiM Admissions Scholarship
The MiM Admissions Department grants a scholarship to outstanding candidates with verifiable financial constraints. - Scholarships for Students from Developing Countries
The MiM program welcomes professionals from developing economies. These scholarships support outstanding candidates who live and work in a developing country. - FORTÉ (Foundation Fellowships)
IESE is committed to increasing the number of women leaders in business. These scholarships support women with a track record of outstanding professional accomplishment. - Scholarships for Students with Children
IESE welcomes students with families and grants scholarships for students who, in the opinion of the Scholarship Committee, deserve financial aid. - IESE Alumni Association Scholarships
The IESE Alumni Association awards scholarships covering up to 60% of tuition fees for the first and second year of the MiM program. These scholarships are for future MiM students who have demonstrated exceptional work experience and personal merit.
Students are limited to one scholarship, there’s no need to apply for a specific scholarship.
IESE’s Scholarships Committee meets four times per year. Scholarships are generally announced six weeks following notification of acceptance to the program.
IESE’s Admissions Team will inform you about the scholarship decision. We kindly ask that applicants wait for the team to contact them.
Living expenses in Madrid are comparable to those in any major European city. Students sharing a flat can expect to have a cost of living of roughly €1,000 per month. IESE Business School has no on-campus accommodation, but we can assist you with useful resources and advice on how to find housing.
Moving to Madrid
It is true that many businesses and services are closed in the month of August, but some real estate agencies do remain open. Many students are able to find housing in August before starting the Business Spanish Program but in general you should count on having temporary housing upon arrival. The Welcome Guide will list some recommended temporary accommodations as well as resources to assist you in your search for housing. The recommended months for your search of housing is during the months of June and July.
An updated version of the Welcome Guide is available each year, containing information on relocating to Madrid, beginning the MiM program and setting into the city.
Career Services
Students benefit from a comprehensive set of resources to help them secure optimal professional positions after the MiM, offered by the Career Development Center. The team provides one-on-one counseling, organizes recruiting events that include leading global companies and offers career sessions and workshops.
In addition, those graduates who are members of the IESE Alumni Association can avail of a career counseling service for Alumni and have the option to access the job board in order to apply to the opportunities available there.
IESE’s Career Development Center provides truly global support for students’ job searches following graduation. The school does not focus on one geographic area, but instead has strong links with recruiters around the world to help students identify opportunities – in Europe, as well as Latin America, North America and Asia.
IESE’s Career Development Center works closely with companies all over the world to help them find the best talent for their organisations from IESE’s talent pool. Including the Master in Management for junior positions, the MBA program and IESE Alumni for more senior positions.
Salaries differ significantly, according to factors such as sector and geographic location. Detailed information is available on the Career Services website.
Company recruiters increasingly seek talent with international experience and foreign language skills. Nevertheless, most positions have specific language requirements and most countries’ visa requirements differ for different nationality.
For financial institutions and banks it is important to plan early because some have structured recruiting programs where the application deadlines sometimes occur even before the program start. Also for some companies the only way to enter is via internship programs. Another thing to take into mind is that for some strucutured programs the intake sometimes happen almost a year after the master ends.
Yes. IESE’s Career Development Center will bring many opportunities on campus but still the vast mayority of positions will never be posted anywhere and can only be accessed by networking. So reaching out to companies to learn about their day to day activities and recruiting needs is a fundamental part of the job search and this can be done before coming on campus.
The Career Development team is normally not available to meet with candidates prior to the program. However, if you have any specific doubt you can reach out to your IESE point of contact and they can put you in contact with the right person.
Upon being fully admitted to the program, you will have access to the online Onboarding course in the Welcome site. This SPOC (small private online course) consists of four modules which combine video lectures, assignments and additional reading to help you in the process of understanding what career management is, start self-assessment, explore different career options to see what fits you and start working on your brand (CV, telling you story so you are remembered, etc). By getting students before the program to start exploring career options in a structured manner and to understand what gaps exist between where they are and where they want to be, the main objective of this course is to help students truly leverage their MiM experience.
Orientation Week at the start of the program, Mock interview event at the end of November and Career Development week at the end of the second period of the MiM are designed to help students develop the skills to plan and execute their next step effectively.
From the start of the program students are assigned a director as their point of contact with MiM Career Services and discuss with them general career management issues. In addition, you can also count with the support of 10 associate directors who are available to meet with students in order to provide specific advice on careers in their sectors or geographical regions, how to be effective in the processes they are looking to apply to and mock interview them.
Finally, throughout the program, students also have access to a whole array of career management resources including:
- Sessions or workshops on different career related topics – from setting an effective job search strategy to salary negotiation
- Online resources for practicing interviews, contacting and getting specific advice from fellow students and alumni, and over 70 webinars on careers in different sectors and functions
Yes, however we recommend that you advise the company that is sponsoring you if you choose to be included.
Alumni Community
IESE’s vast alumni network includes more than 44,000 professionals living and working in more than 120 countries. Graduates gather regularly to network and learn at international cities around the world through the school’s Continuous Education Program, which is organized by the Alumni Association.
You can meet IESE alumni at recruiting events held around the world, such as Open Days and Assessment Days. These events provide excellent opportunities to find out more about the program, meet graduates and get to know faculty members. We also suggest contacting any alumni you know through your own personal social networks such as LinkedIn.
About IESE
IESE and its parent institution, the University of Navarra, are initiatives of Opus Dei, which is a personal prelature of the Catholic Church. While IESE was founded on the principles of Opus Dei, the students represent an array of religious beliefs. Respect for all religions and human being is a fundamental tenet of the IESE community. Students are encouraged to develop a people–oriented vision of business, based on respect for the rights and responsibilities of the individuals who comprise the business world. For more information you can visit https://www.iese.edu/about/
IESE mission is to develop business leaders who can have a deep, lasting and positive impact on people, companies and society.
The IESE program takes place at the school’s main campus in Madrid, in the residential area of Madrid-Aravaca just 15 minutes from the city center. However, IESE delivers programs all over the world. It has a campus in Barcelona, Munich, New York and Sao Paulo and an office in Warsaw.
IESE offers the MiM, the full-time MBA, Executive MBA, Global Executive MBA and the PhD in Management programs, as well as a wide range of executive education open and custom programs for senior global executives.
FAQS