IESE Business School (University of Navarra)

About #

City: Barcelona
Country: Spain
Average GMAT Score: 681

Founded in 1958, with more than 50,000 alumni around the globe, the University of Navarra has campuses in New York, Madrid, and Munich. Students at IESE have the same goal: to grow their knowledge and integrative thinking and to expand a global mindset. IESE values a global mindset, positive impact, general management, the entrepreneurial spirit, and people. These values and skills learned at IESE follow graduates around the globe as they become leaders and forward thinkers in their careers.

Ranking #

#11 QS Global MBA Rankings 2021

MBA Program Overview #

The MBA program at IESE is either 15 or 19 months in length. Students have the option between attending school at their main campus in Barcelona Spain or at other locations worldwide. Students gain global perspectives to the business world and can gain real world experience through a choice of electives, internships and overseas opportunities.

Year One Description #

The first year begins with 24 core courses where students learn the fundamentals and skills necessary to succeed in the program. During the first year, students also participate in an internship where they gain the practical skills necessary to succeed in their day to day after graduation.

Fall Semester Mandatory Classes

  • Finance 
  • Marketing
  • Operations
  • Leadership 
  • Self-Management
  • Decision Making for Executives and Strategy

Year Two Description #

After the summer break, students take elective courses which help them mold their studies to best fit their interests. With over 130 electives to choose from, Students will graduate from IESE with the knowledge and skills necessary to thrive in any career and anywhere on the globe. During the second half of the program, students are also given the opportunity to spend a term at an international partner school where they make connections and build lasting relationships cross-culturally.

Unique Aspects #

Entrepreneurship Curriculum

Students looking to expand on their entrepreneurial mindset are able to take classes and attend workshops which broaden their knowledge. From learning the fundamentals of entrepreneurial mindset to presenting a business plan, IESE is structured to support the future entrepreneur to become the best they can. A unique summer experience also awaits potential entrepreneurs who can take a 6 weeks course where they earn the skills and knowledge necessary to bring their ideas to life.

Featured Professors #

Pere Agell

Professor Agell has been with IESE since 1966. He served as director of the MBA program from 1974 to 1980 and has been a member of the IESEs executive committee. His research interests include Bayesian Statistics and Action Theory, Forecasting and Multivariable analysis, Market research, and Scientific methodology and philosophy. He is well published, having written numerous books and articles. He received his PhD in Industrial engineering from Universitat Politecnica de Catalunza and currently serves as Emeritus professor of Managerial Decision Sciences.

Marta Elvira

Professor Elvira is professor of Strategic Management and Managing People in Organizations. She is currently Chair of Family Owned Business. She is the co editor of two books and regularly lectures at UCLAs Leadership Suite – Executive Education Programs. She serves on numerous editorial boards. Her research interests include Organizational Demography, Incentive and Human Capital Structures in organizations, Management in Latin America, Professions and Occupations in the Service Sector, Incentive and Human Capital Structures in Organizations, Professions and occupations in the Service Sector, Interorganizational Cooperation, Management and leadership in Latin America. She received her PhD from U.C. Berkeley’s Haas school of Business in Organizational Behaviour and Industrial Relations.

Applicant Requirements #

Application Process

These are the three requirements that a person needs to satisfy in order for them to start the application process. Once the student starts the application process, they will be asked to assemble and prepare a variety of materials that will serve to represent them in the admissions process, and based on which a decision on whether they are the right candidate for the MBA program, or not, will be made. The application procedure contains the following:


Both GMAT and GRE scores are accepted. The highest score is automatically considered if more than one score is submitted.

Foreign Language Requirements

An english language exam must be taken by an individual who is not a native english language speaker or who has not been studying at an english language institution. Must have a minimum of a two year degree.


One letter of recommendation is needed for the application. Letters should come from the applicants current employer and show capabilities for working professionally.


Students need to submit their current business resume through the HBS online application system. The resume can be a standard business resume or CV, as they do not require any special format. That is to say, applicants can use whatever they would use to conduct a job search.


Interviews are conducted in English and take place either in person, online, or at the location of the candidates personal preference. Traits to emphasize: Diversity, Motivation and the desire for positive impact. 

Costs #

Total Cost: €89,950

Program cost: €85,084

Health Insurance: €932

Extra fees: €8,934

Class Profile #

  • Program length: 19 months
  • Total Enrollment: 350+
  • Average Age: 29 years
  • Women: 30%
  • International Students: 85%
  • Average Work Experience: 5 years

Previous Work Experience

  • Industry 61%
  • Finance 20%
  • Consulting 13%
  • Entrepreneurship 5%
  • Public Service NGO 3%

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