International MBA - Admissions, Fees and FundingReinventing the World
The International MBA Admissions Process
Candidates must possess a Bachelor’s Degree in any field and a minimum of 3 years of relevant professional experience to be considered for the International MBA.
Our approach to evaluating candidates is holistic. In order to bring the most talented people into our international classrooms, we look for dedicated professionals with diverse backgrounds who stand out for their academic aptitude, professional achievements, interpersonal skills, and innovative spirit. The community in the International MBA is made up of people with ambitious professional goals, unique ideas and perspectives based on their experiences, and of course, the ability to keep up with an intensive academic workload.
RELEVANT INFORMATION REGARDING COVID-19
COMPLETE YOUR ENTIRE APPLICATION PROCESS ONLINE
Keeping everyone safe and healthy is our number one priority, but we understand that planning for your future must continue. With this in mind, we have implemented an application process that is 100% online.
COVID-19 APPLICANTS’ FAQS
Due to the current worldwide circumstances with Covid-19, please have a look at the most frequently asked questions we have prepared and collected for our students and candidates.
APPLY FOR IE RESILIENCE SCHOLARSHIP FUND
We have created a fund to help our students and highly qualified candidates who, due to the pandemic, find themselves facing an exceptionally uncertain economic environment.
ONLINE APPLICATION FORM
Candidates should complete the sections that appear in the online application form and must also upload the following documents:
- Bachelor degree from an accredited university (*)
- Official university transcripts (certified translation into English or Spanish)
- 1 page CV/Resume. See example here.
- 2 letters of recommendation
- English language certificate – for non-Native English speakers: we accept the TOEFL (minimum score of 100), the IELTS (minimum score of 7), Duolingo English Test (minimum score 120) or a Cambridge Advanced or Proficiency level. For those applying for the bilingual format, the English language certificates we accept are TOEFL (minimum score of 92), the IELTS (minimum score of 6.5), Duolingo English Test (minimum score 110). A certificate is not required if you completed an undergraduate degree in English or if you have worked for more than 2 years in an English-speaking country. The validity of all previously mentioned English language certificates for IE’s admissions process is two years, from the date you took the exam.
- Photocopy of current passport
- Passport size picture
- A personal statement in the format of your choice (text, PowerPoint presentation, video, etc.)
- Application fee: 150€ (fee is not refundable)
*Possible additional legalization and/or translation requirements might be applicable. Please click here for more info.
Once you have submitted your online application and paid the application fee, you will receive a link to answer three live questions, two in video format and one in written format. This way, our admissions team will be able to meet you virtually and evaluate your capacity to respond in real time.
You will have a personal interview (face-to-face or via Skype) with an associate director of the admissions team.
ADMISSIONS COMMITTEE FINAL DECISION
After the interview, your entire application will be evaluated holistically by our Admissions Committee. This is the last step of your application and it will take roughly 1-3 weeks for the Admissions Committee to get back to you with a final decision. Admissions are valid for the intake you apply for and the following one.
INTERNATIONAL MBA FEES
The IE International MBA tuition fee is €72,200* for the 2020-2021 academic year.
*Tuition is reviewed on a yearly basis and therefore subject to change.
**Special Conditions for IE Alumni, please contact your admissions advisor for more information.
We understand that you’re making a significant investment and we believe that maximizing the availability of payment plan options is important in making your International MBA affordable. Our payment plans offer the following benefits:
- The ability to pay your tuition fees in up to 7 consecutive installments.
- They can be used in conjunction with your financial aid award shall you receive a scholarship.
- Our payment plans are interest-free and there are no pre-approval requirements or credit checks.
Kindly note that plans with more than 3 consecutive installments will be charged 400€ for the administrative service it involves.
For further information, please contact the Admissions Department.
WE’LL HELP YOU FUND YOUR EDUCATION
There are several loan options available to help fund your studies at IE. Our Financial Aid Office is dedicated to helping you explore and understand loan options available to you and provide guidance and support with financial aid applications.IE Loans
Thanks to the work of the IE Foundation, scholarships are central to achieving our goal to ensure that diverse and highly talented candidates, and specially those who don’t have access to the financial means needed to cover the whole cost, can join our world-class MBA.
The IE Foundation has a fund of 6 million euros to offer a number of special scholarships to women with outstanding personal and professional profiles.IE Scholarships
IE HIGH POTENTIAL AWARDS
When we make you an offer for admission, we will also inform you if you have been selected for an IE High Potential Award. These are awarded based on an applicant’s exceptional performance, experience, the strength of their application and their suitability to the program and our school—without regard to their financial situation. All applicants are automatically considered during the admissions process without the need for a specific application.
TUITION PAYMENT OPTIONS
We understand that you are making a significant investment. IE provides all students at the International MBA with a payment plan option designed to make your investment as simple as possible.
Increase in Scholarship Aid since 2018
International MBA Female Students Awarded with Scholarships
Annual Scholarships Budget Dedicated to Support Women at IE
INTERESTED IN BECOMING A STUDENT?APPLY FOR
FAQS ABOUT OUR INTERNATIONAL MBA ADMISSIONS PROCESS
Q: If I am admitted to the International MBA program, what’s the difference between Conditional Admission and Admission?
A: Conditional Admission still allows you to reserve your place in the program. The only difference between the two is that if you are given Conditional Admission we will still need to verify documents that you have pending (the pending document/s will be stipulated in your admission letter).
Q: Do I need to physically mail my documents to the IE Admissions Office in Madrid?
A: No, you can scan all your documents and submit them with your online application. The only two documents we will need to verify will be the originals of your Bachelor Degree Transcript and Diploma. These can be verified at your local IE office or upon your arrival to Madrid at our Admissions Department on Calle Maria de Molina 13.
Q: If I’m not granted admission can I reapply for the following intake? Do I get feedback about my denied application?
A: If the Admissions Committee feels you do not meet the profile we are looking for, then you will directly be denied admission to the program. Should this occur, you will only be eligible to reapply after 2 years have elapsed. Due to the large number of applications we receive, we do not do not give specific feedback if you are not admitted to the program.
Q: How long is my admission valid for? Is my admission to the International MBA program valid only for the intake I’m applying to?
A: Your admission will be valid for 2 intakes: the intake you apply to and the following. Please take into account that places are reserved on a first-come, first-served basis, therefore meeting your Place Reservation deadline is highly recommended in order to ensure a seat in your preferred intake.
Q: What part of the application is most important? What should I focus on?
A: We take a holistic approach to admissions, therefore, the entire application is important and we will review it in detail. In particular we look at your work experience and career development, international exposure, motivation to do the program, interpersonal skills, academic performance, entrance exam, and your English or Spanish language abilities, depending on which language track you’re applying to.
Q: Do I need to come to Madrid to do the formal interview?
A: If you have the opportunity to come on campus, we highly recommend it. The interview can also be conducted at one of our offices around the world with one of our representatives or in your city by an alumnus. In case a face-to-face interview is not possible, we can also schedule a Skype interview.
Q: How long will the Admissions Committee need to review my application?
A: Once you submit your online application, we will try to get back to you in 1 to 3 weeks after a first revision. We will let you know if any documents are pending, or if we feel your profile is aligned to what we are looking for we will invite you to a formal interview. Once the interview is completed and all your documentation is submitted the Admissions Committee will get back to you with a final decision between 1-3 weeks. Please bear in mind that over holiday periods this timeframe could be longer.
Q: When is the deadline to apply to the International MBA program?
A: We have a rolling admissions process, so there are no application deadlines. However, given the limited number of places in the program and the time needed for visas and securing financing, it is highly recommended that you apply approximately one year to six months prior to program commencement.
HOW TO APPLY FOR FINANCIAL AID
Returning to school is an important decision, personally and financially. The first step towards obtaining a scholarship or fellowship award is to submit your Financial Aid Online Application form.Online Application Form