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IE University: Overview, Rankings, Fees & Courses

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  • Private University
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  • Estd. 1973
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About IE University

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Year of establishment
1973
University website
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No. of campus
1
Accepted exams
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Commonly asked questions
On Highlights

Q:   Is IE University a good university?

A: 

IE University ranks among the Top 500 Universities in the world according to QS World University Rankings 2024. It has been placed at #428 position in 2024. The university has 75% international students. Furthermore, 50% of students at the university are women. Furthermore, the university offers a wide range of programs at the undergraduate and graduate levels. On top of this, one great thing about this university is that it accepts applications throughout the year. In other words, it has a rolling admission process. This means that students can apply to the university any time. This gives the students some flexibility to apply.

Q:   What is the IE University acceptance rate?

A: 

Various unofficial sources have mentioned that IE Business School acceptance rate is 41%. The overall university acceptance rate is 32%. Looking at the acceptance rate, it can be said that the university is selective. Hence, to get admission to the university, the applicants must aim to meet all the entry requirements. The general academic entry requirements to get into master’s course require students to have a bachelor’s degree. Whereas, to get admission to the bachelor’s courses, the applicants are required to have a high school qualification.

Q:   What are the IE employability rankings?

A: 

IE University ranked at #18 worldwide in the Times Higher Education 2023 Employability Rankings. These rankings depict the results of the World 250 Universities depicting that the employers are increasingly seeking graduates with strong teamwork skills and a collaborative and social engaged mindset linked to leadership and impact. This is the 6th consecutive year which shows that IE University has ranked in the World’s Top 25 Universities for employability.

Q:   Does IE University teach in English?

A: 

IE University offers English-taught bachelor’s programs that integrate different teaching methodologies and allow students to discover their full potential. Even at the graduate level, there are many master’s programs that are taught in English such as International MBA, MIM, Masters in Finance, Master in Software Engineering, etc. Also, note that the university follows a Rolling application process, which means students can apply anytime during the year. However, for master’s programs, the university recommends students to apply 6 months before the programme start date.

Q:   Is studying in IE University in Madrid a good choice?

A: 

As per the student reviews, IE University is a well-respected institute in Madrid and is considered one of the top universities in Spain. It has a strong reputation for Management, Business, and Law. Also, it is known for its international focus and diverse student body. On top of this, the location where the university is located i.e. Madrid makes it a worthy place for studies. This is because Madrid is a vibrant and culturally rich city. 

IE University Scholarships

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On Scholarships

Q:   Does IE give full scholarships?

A: 

IE University offers scholarships to both undergraduate and graduate students. However, the scholarship value varies as per the course level. IE scholarships for master’s courses can cover 10 – 40% of the tuition fees. Whereas, the IE University Spain UG scholarships can cover 10% - 60% of the tuition fees. A few of the UG scholarship options are the IE Academic Achievement Scholarship, IE Personal Excellence Scholarship, IE Humanities Scholarship, etc.

Q:   What scholarships are offered by IE University for master's students?

A: 

Direct Awards and IE Scholarships are a few broad categories of scholarships that are offered to IE University Spain students. The details of these scholarships are given below:

Direct Awards

·         These are the merit-based scholarships. They are offered automatically to students, without submitting a separate application

·         Some of the IE Direct Awards are IE Business School Dean’s Award, IE High Potential Award, IE Law School Dean’s Awards, etc.

IE Scholarships

·         IE Scholarships for master’s courses are open to students for all master’s programs

·         These scholarships can cover 10 – 40% of the tuition fees

·         Some of IE University master’s level scholarships are IE High Achiever’s Scholarship, IE Scholarship, IE Women Scholarship, etc.

IE University Admission Dates 2024

  • Application fees :Euro 120 - 150
  • Type of deadline :Rolling
Document IconDocuments
Type of documentsApplicable for
SOPNot required
LORNeeded for all courses
EssaysNeeded for few courses
CVNeeded for all courses
Additional documentsRequired
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Commonly asked questions
On Admissions

Q:   Is there a deadline for applying to IE?

A: 

There is no specific deadline to apply to IE University. A rolling admission process is followed at the university. The applications are reviewed regularly at the university. However, note that there is a limited number of places in the programs, both at the UG and PG levels, the university has recommended to apply at least a few months before the programme start date.

Q:   How long does it take to get a decision from IE University?

A: 

After the completion of all the application steps of IE IE Spain, which includes the submission of the documents and passing the personal interview the admission committee at IE University will evaluate the application. The applicants are going to be notified on their final decision via email in roughly 1-2 weeks. Students are given the admission decision as Conditional or Unconditional admission.

Q:   How much is the application fee for IE University?

A: 

IE University Spain application fee is €150 for various programs. Note that for a few programs like IMBA and MIM, the application fee is €125. To apply to the university, the applicants are required to fill out the application form via the university’s interface. The application documents that have to be submitted are given below:

·         Academic transcripts

·         CV

·         Letters of recommendation

·         Copy of passport

·         Passport size photograph

IE University Tuition Fees, Duration & Eligibility 2024

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Courses1st Year Tuition FeesDuration & Eligibility
MBA/PGDM(10 courses)
INR 30 L - 98 L
Duration10-19 months
Exam AcceptedGMAT, GRE, IELTS: 7 & Above
M.Sc.(7 courses)
INR 30 L - 36 L
Duration10 months-1 year
Exam AcceptedGMAT, GRE, IELTS: 7 & Above
BBA(3 courses)
INR 22 L
Duration4 years
Exam AcceptedIELTS: 7 & Above, TOEFL: 95 & Above, Duolingo: 130 & Above
MIM(1 course)
INR 38 L
Duration11 months
Exam AcceptedGMAT, GRE, IELTS: 7 & Above
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Commonly asked questions
On Fees and Eligibility

Q:   What are the requirements to get into IE University?

A: 

To get into IE University Spain, the applicants must meet the minimum requirements. For admission to the bachelor’s courses, the applicants must have a high school qualification. The requirements vary as per the prior education at the UG level, hence, it is advised to check the official website of the university to know details. For admission to the master’s courses, the applicants are required to have an undergraduate degree. Besides meeting the academic requirements, the applicants are required to meet the English language proficiency requirements too.

Q:   How much is the IE University fee per year?

A: 

The tuition fees at IE University vary from course to course. The tuition fee range of this university is between INR 30 lakh – INR 99 lakh. Refer to the table given below to learn about IE University tuition fees for international students:

Courses

1st Year Tuition Fees

MBA/PGDM (10 courses)

INR 30 L - 99 L

BBA (3 courses)

INR 22 L

MSc (7 courses)

INR 30 L - 37 L

MIM (1 course)

INR 39 L

Living Cost: Besides the tuition fees, students are required to pay the living expenses as well. The expenses that IE Spain has mentioned for the year 2023-24 for students living in Madrid are given below:

Particulars

Expenses Per Month

Housing

  • Housing: €850 – €1100
  • 1 Bedroom apartment: €950 – €1300
  • 2 Bedroom apartment: €1400 – €1900
  • Room in shared apartment: €550 – €900
  • Room in a private residence: €1000 - €1500

Supply Services

  • Electricity: €70 – €150
  • Gas heat: €100 – €250
  • Water: €40 - €60

Connectivity Services

  • Cell phone: €30 - €60
  • Internet + Landing telephone: €50

Others

  • Groceries: €200 – €350
  • Public Spanish Medical Insurance: €55
  • Private Health Insurance: €40 -€ 60

Also Check: Cost of Living in Spain for International Students 

Q:   Does IE accept Duolingo?

A: 

Yes, IE Spain accepts Duolingo test score as proof of English language proficiency score. The minimum score required in Duolingo is 130. Other test scores that are required are IELTS and TOEFL. Minimum and recommended scores that are required by IE Spain are given below:

Tests

ELP Test Scores

TOEFL

100 Minimum, 105 Recommended

IELTS

7 Minimum, 7.5 Recommended

Duolingo

130 Minimum

Q:   Does IE require GMAT for MIM?

A: 

Yes, IE Spain requires a GMAT score for its Master in Management (MIM) program. Given below are all the application requirements for the IE Spain MIM course:

  • A bachelor’s degree or equivalent
  • GMAT / GRE score
  • English language proficiency score
  • 1 page CV
  • 2 Letters of recommendation
  • 1 passport-size photograph and passport copy

Q:   What GPA is needed for IE University's master's programs?

A: 

As such no GPA has been mentioned to get into IE University master’s programs. The university evaluates students in a holistic manner. This means that the university takes into account the academic achievements, professional experience, extracurricular activities, motivation, interests, and soft skills displayed by students in their admission file.

IE University Placements

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On Placements

Q:   What is the average salary at IE University?

A: 

The mean average salary for an International MBA graduate of IE University was €95,350.17 as per the employment report of 2019. A few of the top hiring companies of MBA graduates are:

  • Amazon
  • Microsoft
  • BCG
  • McKinsey & Company
  • Siemens, Emerson Uber
  • Barclays

Q:   What is the placement rate for IE University graduates?

A: 

As mentioned in the career report for 2023, 96% of the IE University’s job seekers mentioned they started working 6 months after graduation. More than 350 companies recruited at least 1 IE University Spain graduate. A few of the top hiring companies are OECD, McKinsey & Company, Morgan & Stanley, Goldman Sachs, Ogilvy, Amazon, Ford, IBM, Bain & Company, etc. Majority of the job sectors for 2023 graduates are Consulting, Technology, Financial Services, Consumer, Luxury & Retail, etc.







IE University Rankings 2024

BOverall University Grade
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Commonly asked questions
On Rankings

Q:   What rank is IE University in the world?

A: 

According to QS World University rankings, IE University rank is #428 in 2024. Since the last couple of years, the university has been placed among the Top 400 Universities in the world. However, in the 2024 rankings, the university’s position has declined and it is now being placed in the Top 500 Universities in the world.

Q:   What is the ranking of IE MBA in the world?

A: 

IE University Spain MBA course ranking in the world is quite good in the top ranking publishers list such as Financial Times and QS. In the 2024 rankings, here are the IE MBA course rankings:

Ranking Body

2024

Financial Times – Global MBA

#20 in World, #7 in Europe

QS Global MBA

#8 in World

Even in 2023, IE Business School was placed within the Top 10 Business Schools and in 2024 too, it is placed within the same category. In the Financial Times rankings, IE Business School ranking has improved in 2024 in the MBA category. In 2023, it was placed at #22 position and now, in the year 2024, IE is placed at #20. Check Financial Times ranking methodology from here

IE University
College comparison

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Compare IE University with other similar colleges

MBA/PGDM
M.Sc.
BBA
MIM
College1st Year Tuition FeesShiksha GradeRanking

IE University

INR 30.05 L - 98.06 LB#169 QS, 2025
INR 11.93 L - 17.5 LB+#119 QS, 2025

Berlin School of Business & Innovation, Barcelona Campus

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INR 10.6 L - 11.93 L-/- -/-

EAE Business School

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INR 11.05 L - 27.39 LC#601 QS, 2024
INR 5.74 L - 10.07 LC++#551 QS, 2025
INR 5.08 L - 16.35 LA#102 QS, 2025
The values are of the latest years available with Shiksha. For more details, check detailed comparison
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IE University
Studying in Spain

Key Facts About Spain

Insights on education, demographics & weather.
Education in Spain
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26+
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1.26K
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20 Per week
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1 year
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Madrid
keyUsers Key Fact Icon
47.2M (2023)
chartMixed Key Fact Icon
2%
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Spanish
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January
CF
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IE University Notable Alumni

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On Alumni

Q:   Which famous people went to IE University?

A: 

A few of the famous people who graduated from IE University are given below:

Names

Profession

Sofia Ellar

Singer

Pablo Isla

Businessman

Mateo Llarena

Racing driver

Diane Leyre

Model and Radio Personality

María Solar

Journalist

Q:   Who are the famous IE University MBA alumni?

A: 

A few of the famous IE University MBA alumni include the following names:

Names

Profession

Gerhard Peter Gross

President & CEO of Daimler Financial Services Mexico

Isabel Yordi Aguirre

Program Manager, Gender and Human Rights at WHO

Pablo Largacha

Vice President, Business Planning & Integration at Coca-Cola Company

Alessio Quaglini

Co-Founder & CEO of Hex Trust

IE University Vs Esade

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IE University

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 4 days ago

  • If you want to work in India or South Asia, and if you value strong academic rigor and a network in the Indian business ecosystem, IIM Ahmedabad is likely the better option.
  • If you seek a global career, prefer a shorter and more flexible program, and are interested in working in Europe, Latin America

...more

V

Veerraj Sen

Contributor-Level 8

Answered 4 days ago

EADA Business School is generally cheaper than IE University, especially for MBA and Master's programs. If cost is a significant factor in your decision, EADA offers a more affordable option while still maintaining a good reputation for business education.

However, if you're looking for a broader, mo

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V

Veerraj Sen

Contributor-Level 8

Answered 4 days ago

When comparing the cost of courses between IE University and EADA Business School in Spain, the pricing structures for both institutions tend to vary based on the program, level of study (undergraduate, master's, or MBA), and other factors like location and duration. Here's a general overview:

IE Uni

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V

Veerraj Sen

Contributor-Level 8

Answered 5 months ago

Yes, an ordinary Indian student can enrol at IE University, but only provided they fulfil certain extracurricular and academic requirements. All applications are evaluated holistically by IE University in Spain, which takes into account academic performance, extracurricular activities, recommendatio

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M

Muskan

Contributor-Level 10

Answered 6 months ago

The following documentation is required for Indian students applying for a visa at IE University:

  1. A travel document.

2. The IE University offer letter.

3. Proof that the tuition for the first year was paid.

4. Proof that you have adequate money to cover your everyday expenses.

5. The result of a test of

...more

M

Muskan

Contributor-Level 10

About the author

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Akanksha Malhotra

Study Abroad Expert

Akanksha Malhotra is a Content Writer / Editor at Shiksha.com's Study Abroad vertical, creating content for University pages. She is a seasoned education writer with 5+ years of experience, including writing articles for all-India and state levels, r...Read Full Bio
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IE University
Location

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University CityMadrid, Other - Spain, Spain

IE University
Campuses

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Address

P.º de la Castellana, 259, 28046 Madrid, Spain

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IE University
Contact Information

Address

P.º de la Castellana, 259, 28046 Madrid, Spain
Madrid ( Other - Spain)

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