FAQS

About the IESE Full-Time MiM

How does IESE’s MiM differ from the school’s full-time MBA, Global Executive MBA and the Executive MBA?

Aimed at recent graduates with 0-2 years’ work experience, 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.

MiM students tend to be younger and have less or no 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.

Students in IESE’s MiM reside full-time in Madrid during the program, attending classes Monday through Friday. Professional activities and social events take place on the weekends and during holidays.

The Experience

When are classes held?

Classes are held from Monday to Friday 9:30 – 12:30 and 13:45 – 16:00. There are breaks between each class. You will also have teamwork scheduled into your daily timetable.

What is the typical day?

A typical day for a student in IESE’s MiM program begins with a team meeting at 8:15 am where students prepare for the day’s course cases. 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 example of what your Schedule could look like:

  • 8:15   First Session
  • 9:30   Break
  • 10:00  Team Meeting
  • 11:00  Second Session
  • 12:30  Lunch Break – Enjoy the IESE gardens, last minute case reading
  • 14:00  Third Session
  • 15:30  Off to prepare cases, project work, sports training, dinners (etc.)

What are the major areas of focus in IESE’s MiM program?

The program has a comprehensive general management focus. During the program, you will have the opportunity to concentrate on one of the following tracks: Data & Analytics, Strategy & Marketing and Finance. Download the Program Tracks here for more information.

What is the content of the curriculum?

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 curriculum is composed of the following:

  • 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 present about current topics and trends. Students will have the opportunity to meet the global leaders who have helped shape the world of business and politics. Sometimes these leaders will be the main characters of the cases students discuss in class.

You can find more details about the curriculum here.

Why the case-based method?

You can find more information about the case-based method here.

Are other methodologies used, in addition to the case-based method?

Professors employ the case-based method roughly 80 percent of the time. However, students also benefit from lectures, keynote speakers and simulations. Some courses, such as accounting, are not centered on the case method.

How are students evaluated during the MiM?

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 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.

Does IESE have a grade non-disclosure policy?

Yes, IESE employs a grade non-disclosure policy. The school only admits MiM candidates who have a proven track record of outstanding academic and professional achievement, as well as cross-cultural awareness and leadership potential. For this reason, recruiters are not permitted to ask students about grades during an interview.

If I don’t speak Spanish, how much will I learn through the program?

The MiM is taught in English, however we encourage our students to learn the local language to get the most out of their stay in Madrid. All students who are non-native Spanish speakers will be able to enroll in the Business Spanish Program. The Business Spanish Program offers one class per week and consists of 2 levels. 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.

What is IESE’s positioning in recent rankings?

IESE consistently ranks among the top 10 in widely recognized rankings such as the Economist, the Financial Times and Business Week. For information on the latest rankings, visit our website.

How do ethics feature in the program?

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 should be taken in consideration when taking every business decision.

Does IESE's MiM Program offer students the possibility of participating in an exchange program with other universities?

No, the program takes place at IESE Madrid Campus only.


The Class

Is my profile a good fit with the program?

IESE seeks outstanding candidates who have strong leadership skills, a quality university education, international background 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.

We encourage you to reach out to the Admissions Director of your region to have an informal chat about your fit in the program. You can ask request for an informational meeting here.

What is the average age of the class?

IESE MiM students have an average age of 23, although a few students may be slightly older or younger. In some cases, depending on the age and experience of the students, other IESE programs – such as the MBA – are recommended as they may fit best with specific professional goals.

How long is the program, how many intakes are there per year, and how many places are available?

IESE’s MiM Program is 11 months long with one yearly intake in September. Each class is composed of approximately 100 students.

How international is the learning environment?

Roughly 60 percent of the students in the MiM program are from outside of Spain, with 30+ countries represented.

Do I need to speak Spanish to apply to the IESE MiM program?

Spanish is not a requirement for admission.


Admissions Requirements

How can I experience IESE first-hand, before applying?

If you are considering applying to the MiM program, we recommend that you visit the IESE campus in Madrid. Additionally, we hold Open Days on the Madrid campus and online. 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.

What are the requirements for applying?

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

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. The Final Committee will evaluate all applications for a final decision after the entire process is complete. For details, visit our website.

When is the deadline for applications?

The admission process begins in September. We follow a rolling admissions policy, which means that we do not have a specific deadline for applying. As class sizes are limited and scholarships are allocated on a merit basis, we recommend that you submit your application as soon as you are ready. We review applications on a continuous basis and aim to provide a decision approximately 4-5 weeks after an application is submitted, if all the requirements are met. We recommend that all non-EU citizens apply with enough time in advance to assure time for visa procedure, which can take 1-3 months depending on the country you are applying from. Find more information here.

When do I need to send my original transcripts and degree certifications?

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 if applicable in your case by mail to:

IESE Business School
MiM Admissions Office
Camino Cerro del Águila 3
Madrid, Spain
28023

How much work experience is required?

IESE MiM students have an average age of 23, with 0-2 years of work experience at the start of the program. The Case Study Methodology will allow students to share their different experiences with their team leading to an enriching experience all around.

What constitutes work experience?

All full time experience post university graduation can be counted towards the years of experience. It is important to mention in your application any experience that is relevant to your pursuit of an MiM. We consider full-time military service to be valuable professional experience and should be included as well in your application.

What if I don´t have a business background?

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.

Do I need to submit a recommendation letter?

Yes, one recommendation letter is required. We recommend that the letter be from your current employer or proffesor if applicable. The letter should reflect your capacities in the 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 recommenders are not able to submit your recommendation letter through the on-line application system, please let us know at mim@iese.edu.

Is financial aid available?

Every year, the IESE Financial Aid Office grants and manages roughly €6 million in financial aid and scholarships to students. IESE’s MiM is recognized by many scholarship programs around the globe. IESE Business School is also recognized by U.S. Federal (Direct Loan and Stafford Loan) and Private Loans programs. Visit the website of the school’s Financial Aid Office for details.

Do I need a visa to study at IESE?

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-day 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.

Does IESE accept transfer students from other MiM programs?

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

Is the GMAT or GRE mandatory?

A standardized test score is required. This test can be either the GMAT/GRE or the IESE Test. The test score is an obligatory component of your application and cannot be waived.

If you are interested in taking the IESE Test you can reach out to your Regional Admissions Director for further instructions.

What GMAT or GRE score do I need?

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.

What is IESE’s MiM GMAT or GRE Code for reporting my score?

Our GMAT code is S21-BK-30 and our GRE code is 3356. Your GMAT/GRE score is valid for 5 years.

If I have taken the GMAT more than once, which score will IESE consider?

IESE’s Admissions Committee will consider all your GMAT exam results and will give greatest importance to the highest score you have earned.

How long is the GMAT score valid?

Once you have taken the GMAT exam, you score is valid for the next five years.

Can I send my GMAT score after the other elements of my application?

Yes. 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. We suggest that you submit your application as soon as possible since they will be reviewed as they are received.

Will IESE accept GRE scores instead of GMAT scores?

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.

Does IESE offer an alternative to the GMAT or GRE?

Yes, you can also take the IESE Test. The IESE test is an online knowledge test that measures basic skills in math, verbal reasoning, and analytical writing. It is similar to the GMAT and can be taken in English. It consists of multiple-choice questions.

The test is designed to provide us with a better understanding of the candidate´s numerical ability, calculation speed, and certain aspects of his or her verbal comprehension. The test lasts 3 hours in total, and is graded in a pass/fail format.

If you are interested in taking the IESE Test, you can reach out to your Admission Director for further instructions before signing up. Please find here our upcoming IESE Test dates.

IESE TESTMadrid TimeLink
Tuesday, 18 October4:00 pmhttps://apply.iese.edu/iesetestoctober18/
Saturday, 19 November10:00 amhttps://apply.iese.edu/iesetestnovember19/
Tuesday, 13 December4:00 pmhttps://apply.iese.edu/iesetestdecember13/


Language policy

What language is used in the classroom?

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.

What is the importance of IESE’s language policy?

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.

Can the English Test be waived?

This requirement can be waived for those people meeting at least one of the following criteria:

  • For those whose mother tongue is English.
  • Has 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.
  • Has worked for 1 year in an English-speaking country, having English as the main tool in his/her work.
  • Has resided for 2 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 7237 and we should receive the original score directly from ETS – photocopies will not be accepted. www.toefl.org
Please note that in order to participate in the International Exchange Program, TOEFL is the only test accepted.

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. 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

How can I find out if my application has been received?

After applying through the Embark platform, you will receive an email which will include a link. Using that link and your log in credentials, you can track your application process in real time.

How do I apply? Can I apply online? In which language, Spanish or English? What about the application fee?

You must apply online through the Link to Embark. When using this option, note that the application fee is 40€ 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.

Does IESE give feedback on unaccepted applications?

Due to the number of applications we receive, the Admissions team is unable to provide individual comments on applications that are unsuccessful.

If my application is not accepted, can I apply again?

If you are not accepted to the program, you can apply again during the next annual intake. However, we do not recommend applying unless you have taken significant steps forward in your professional or personal development.

Can I defer admission?

Generally, we do not allow applicants to defer admission. Only in truly exceptional cases does the Admissions Committee make exceptions.

Can I qualify to have the application fee waived?

Please reach out to the Associate Director of your region to find out more about if you qualify

If I am rejected, will IESE return my documents?

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

Is an interview required?

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.

Who will my interview be with?

Interviews are carried out by members of the Admissions Committee or IESE professors.

When does IESE inform candidates who have been selected for an interview?

Candidates will generally be informed if they are invited to carry out an interview 1-3 weeks after receiving confirmation that their application has been received by IESE.

If I have been chosen for an interview, when will I know if my application was accepted?

Candidates are generally notified of the decision taken on their application 4-5 weeks following the interview.

How will I be informed of IESE’s decision on my application?

The Admissions Team will notify you by email of the final decision on your application.


Fees and Financial Aid

What is the cost of the IESE MiM?

The tuition fee for the MiM is €45,550 for the September 2023 intake. Living expenses in Madrid are comparable to those in any major European city. Students living alone can expect to pay roughly €1,500 per month for living expenses. 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, you can visit this page or Financial Aid.

What is the payment schedule?

Admitted candidates must pay a non-refundable Commitment Fee of 8,000 to confirm their intention to join the program. This fee is deductible from the total program cost and is typically due within 10 days after you receive your official admissions letter. The remaining tuition fee is due end September. You can find more details here.

Are student loans available?

IESE is the only Business School in Spain that is eligible for US Federal Loans (Direct Loan and Stafford Loan). It also offers the possibility to finance up to 80% of the tuition fees through the Global loan offered by Banco Sabadell. For more information visit the Financial Aid website.

What scholarships does IESE offer?

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, which will automatically nominate to all of the scholarships available.

For a complete list on our available scholarships click here.

Can I receive more than one scholarship?

Students are limited to one scholarship, there’s no need to apply for a specific scholarship.

When will IESE inform me of scholarship decisions?

IESE’s Scholarships Committee meets four times per year. Scholarships are generally announced six weeks following notification of acceptance to the program.

How can I stay informed of my scholarship application?

IESE’s Admissions Team will inform you about the scholarship decision. We kindly ask that applicants wait for the team to contact them.

Moving to Madrid

When should I move to Madrid? I have heard that most of Spain is on vacation in August and it is impossible to find an apartment.

It is true that many businesses and services are closed in the month of August, but some real estate agencies do remain open. 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.

Where can I find more detailed information about relocating to Madrid?

An updated version of the Welcome Guide is available each year, containing information on relocating to Madrid, beginning the MiM program and settling into the city.


Career Development Center

What kinds of job search support do IESE MiM students receive?

Students benefit from a comprehensive set of resources to help them secure optimal professional positions after the MiM, offered by the Career Development Team. The team provides one-on-one counseling, organizes recruiting events that include leading global companies and offers career sessions and workshops. On average, 90 percent of students attain a job within three months of finishing the program.

In addition, those graduates who are members of the IESE Alumni Association can avail of a career counseling service via the Succeed platform and have the option to access the job board in order to apply to the opportunities available there.

Why is IESE’s Career Development support different?

IESE’s Career Development team 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. It also leads off-campus recruiting events to help students explore opportunities in specific countries, such as the United States.

What companies recruit at IESE?

On the Career Impact website section, you can find detailed information on companies that recruit at IESE for the MiM.

What kind of compensation and benefits do IESE graduates generally receive?

Salaries differ significantly, according to factors such as sector and geographic location.

Is it easy to make a career switch after earning my MiM at IESE?

Some career changes are easier than others and the Career Development team can work with you to identify your goals and skill sets needed.

What will be my opportunities for landing a job outside my home country?

Company recruiters increasingly seek managers with international expertise and foreign language skills. Nevertheless, some companies may be more experienced in obtaining working papers for managers than others. Other factors that come into play include the visa applicant’s nationality and where he or she is applying to work. IESE’s Career Development works closely with recruiting companies to facilitate the working visa process for graduates.

What is the process for financial institutions and investment banks that recruit at IESE?

IESE’s Career Development team organizes a host of recruiting events, both on and off campus throughout the year, which include the participation of financial institutions and banks. Career Forums are organized in the fall and the spring on the Barcelona campus, while other events are held in collaboration with other leading business schools.

Should I contact recruiting companies prior to starting IESE’s MiM program?

We recommend that you do not contact recruiting companies until you have embarked on the MiM program. During the program, IESE offers many career services and events such as the Career Forum, which can help you focus your job search effectively.

Is it possible to meet with someone on the Career Development team before I start the program?

The Career Development team is not available to meet with candidates prior to the program. However, from the very start of the MiM, the team will provide a full range of services and advising opportunities.

What kind of support can I expect to receive from MiM Career Development Center?

Upon being fully admitted to the program, you will have access to the online Onboarding course that you must complete during the Summer. This course is designed to help you start working on your personal brand, with a focus on self-discovery so that you can later build on this during the program and present yourself as an outstanding candidate in recruitment processes. (CV, cover letters, networking, interviewing, telling your story so you are remembered, etc). By getting students before the program to start exploring and thinking about their interests 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 arrive ready to leverage their self-awareness during their career prep at the MiM.

Then comes the well-known Careers Boot Camp at the very start of the program, which is a one-week intensive program in which students experience a series of career skills-building sessions to help them focus their job search during the MiM. Following the Boot Camp we then have two major Career Forums in which students can network and interview with recruiters on campus.

Finally, throughout the year, students will attend career management sessions and on-demand 1-1 counseling with the Career Development Center staff (10 Associate Directors organized by sector of the economy to better tailor their counseling efforts). Along with the opportunity to participate in Professional Student Clubs (e.g. Business Strategy Club, Finance Club, Tech Club, Industry Club, etc…), students will have a 360º support during the MiM.

Finally, throughout the program, students will have access to a whole array of career management resources including:

  1. Sessions or workshops on different career related topics – from setting an effective job search strategy to salary negotiation
  2. 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
  3. A Career Discovery Program with professional Career Coaches to help students that need more help in figuring out what to focus on
  4. Networking and skills-building events through the Professional Student Clubs
  5. On-campus company presentations in which they come present their recruitment opportunities for MiMs (this is besides the two Career Forums)

Can I be included in IESE’s CV book if I am company-sponsored student?

Yes, however we recommend that you advise the company that is sponsoring you if you choose to be included.


Alumni Community

How many graduates are in IESE’s alumni network?

IESE’s vast alumni network includes more than 55,000 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.

How can I contact an IESE graduate to discuss the program?

You can meet IESE alumni at recruiting events held around the world, such as Open 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

What are the roots of the school?

IESE and its parent institution, the University of Navarra, are initiatives of Opus Dei. The Opus Dei 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 our about page.

IESE mission is to develop business leaders who can have a deep, lasting and positive impact on people, companies and society.

Where does IESE lead activities?

The IESE MiM program takes place at the school’s campus in Madrid, located in a quiet neighborhood just 20 minutes from the city center. However, IESE delivers programs all over the world. It has a campus in Barcelona, a center in New York City and offices in Munich, Sao Paulo and Warsaw.

What programs does IESE offer?

IESE offers the Master in Management, full-time MBA, Executive MBA, Global Executive MBA and the Ph.D. in Management programs, as well as a wide range of executive education open and custom programs for senior global executives.