IESE Business School

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IESE Business School (Instituto de Estudios Superiores de la Empresa, English: "Institute of Higher Business Studies" or "International Graduate School of Management") is the graduate business school of the University of Navarra. IESE has campuses in Barcelona, Madrid, and New York City and teaching facilities in Munich and Sao Paulo. IESE offers Master of Business Administration (MBA) and Executive MBA programs that are consistently ranked among the best in the world.<ref name=autogenerated1>Template:Cite news</ref> IESE is an initiative of Opus Dei, a personal prelature of the Catholic Church.

IESE came into prominence in 1964 by launching the first two-year MBA program in Europe under the guidance of the Harvard Business School. The Harvard-IESE Joint Advisory Committee was established in 1963 and continues to meet annually concerning matters of mutual interest. In 2007, IESE began offering academic programs in the United States with the opening of the Institute for Media and Entertainment (IME) in New York City. With the opening of its state-of-the-art New York Center campus in midtown Manhattan in April 2010, IESE became the first European business school to establish permanent operations in the U.S.

Some of the Programs Offered

  • MBA
  • Executive MBA
  • Global Executive MBA
  • Master of Research in Management
  • Ph.D in Management
  • General Management Programs
  • Short Focused Programs
  • Custom Programs
  • Alumni Continuous Education Programs
  • International Faculty Program
  • Global CEO
  • Public Management Programs
  • Healthcare Initiative
  • Sport Business Management Program


Global MBA Rankings

  • 2014:
    • 7th Worldwide - The Financial Times
  • 2013:
    • 5th Worldwide, 1st in Europe - The Economist
    • 7th Worldwide - The Financial Times
  • 2012:
    • 9th Worldwide - The Economist
    • 9th Worldwide - The Financial Times
  • 2011:
    • 10th Worldwide - The Economist
    • 9th Worldwide - The Financial Times
  • 2010:
    • 5th Worldwide, 1st in Europe - The Economist
    • 11th Worldwide - The Financial Times

In 2012, The Economist ranked IESE's MBA program as the top two-year MBA in Europe and ninth in the world. In 2009, the same program was ranked as the top two-year MBA program in the world. IESE had also previously ranked as the number one business school in the world based on the study of the Economist Intelligence Unit of 2005 and 2006. The criteria on which The Economist bases its ranking are (a) opening of new career opportunities (35%), (b) personal development/educational experience (35%), (c) increase in salary (20%), and (d) potential to network (10%).

In 2013, The Financial Times ranked IESE's MBA program as seventh in the world. In 2011, The Financial Times ranked IESE's Open Programs as first in the world. It also classified IESE's Executive Education programs as second in Europe and third in the world. IESE was ranked first among non-U.S two-year MBA programs according to Forbes magazine in 2007.<ref name=autogenerated1 />

In the 2010 QS Global 200 Business Schools Report the school was ranked 4th in Europe.


  • 1957: Professor Antonio Valero lays the groundwork for the foundation of IESE
  • 1958: Advanced Management Program launched
  • 1959: Executive Development Program launched and Continuing Education programs for alumni introduced.
  • 1961: General Management Program launched. IESE Alumni Association established.
  • 1963: Harvard-IESE Joint Advisory Committee established.
  • 1964: Master of Business Administration Program (MBA) established.
  • 1967: IESE helps establish IPADE, the business school in Mexico City. Goes on to assist in the establishment of 11 other associated schools on 4 continents.
  • 1969: PhD in Management established.
  • 1974: Executive programs offered in Madrid.
  • 1980: IESE establishes Bilingual MBA Program.
  • 1982: Executive MBA established in Madrid.
  • 1989: International Advisory Board (IAB) established.
  • 1991: IESE's Madrid campus dedicated by King Juan Carlos I. International Faculty Development Program for business professors established.
  • 1992: New library building dedicated in Barcelona.
  • 1993: IESE introduces International Executive Education programs.
  • 1994: IESE's first international alliance program launched. Future partners to include Harvard Business School, MIT Sloan School of Management, the University of Michigan Business School.
  • 1996: Introduction of Short Focused Programs for senior managers.
  • 1997: ISE of Sao Paulo, Brazil founded.
  • 2001: Global Executive MBA established.
  • 2002: Advanced Management Program launched in Brazil; Campus expansion project.
  • 2003: Launch of Advanced Management Program in Barcelona. IESE and ISE launch program for Management Development in Brazil.
  • 2004: China International Executive Program launched, Barcelona-Shanghai. Ground is broken for new campus facilities in Barcelona. IESE inaugurates new Madrid Campus. IESE introduces Executive Development Program in Cairo, Egypt
  • 2005: Advanced Management Program launched in Munich, Germany. CEO's Forum launched. Program for Management Development begins in Madrid.
  • 2006: Harvard Business School, CEIBS and IESE launch the Global CEO Program for China. IESE introduces the Inside India Program in collaboration with the Indian School of Business. The school introduces the Advanced Management Program in Warsaw, Poland.
  • 2007: IESE establishes its offices in New York. New campus buildings in Barcelona inaugurated by King Juan Carlos I and Queen Sofía of Spain. The school celebrates its 50th anniversary.
  • 2008: Senior Executive Program in Miami launched. "Renovation on IESE's new center in New York begins".
  • 2009: New Global CEO Program for Latin America with CEIBS and Wharton
  • 2010: New building in New York


IESE Business School’s Executive Committee is responsible for the long-term strategic development of the school, faculty hiring, investments and program portfolio, as well as the School’s operations. The Dean of the School presides over the Executive Committee and reports to the president of the University of Navarra.

The School’s International Advisory Board and the Executive Committee of the IESE Alumni Association provide strategic orientation on IESE’s initiatives and governance, as well as offering their advice on educational programs, expansion, investment and corporate involvement.

The US Advisory Council provides the School with support for the long-term development of activities in the United States, particularly the New York center, and how these activities can be of benefit to IESE in other parts of the world.

IESE and Harvard Business School have had a close relationship for almost fifty years. In 1963, Harvard Business School approved the formation of the Harvard-IESE Committee, a committee established to offer IESE ongoing guidance as it continued to develop its programs and evolve as a business school. The Harvard-IESE Committee helped guide the launch of IESE’s full-time MBA Program in 1964, the first of its kind in Europe. The committee has met annually ever since in either the U.S. or Europe. The Harvard-IESE Committee has also played a key role in developing IESE-Harvard joint international executive education programs, first launched in 1994.

Academic Alliances

IESE offers MBA semester exchange programs at the following partner schools:

  • Berkeley: Haas School of Business, U.C. Berkeley, USA
  • CEIBS: China Europe International Business School, China
  • Chicago: The University of Chicago Booth School of Business, USA
  • Columbia: Columbia Business School, Columbia University, USA
  • Cornell: Johnson Graduate School of Management, Cornell University, USA
  • Darden: Darden Graduate School of Business Administration, University of Virginia, USA
  • Duke: The Fuqua School of Business, Duke University, USA
  • HEC: HEC School of Management, France
  • IAE: Instituto de Altos Estudios Empresariales, Universidad Austral, Argentina
  • ISB: Indian School of Business, India
  • Keio: Keio University, Japan
  • Kellogg: Kellogg School of Management, Northwestern University, USA
  • LBS: London Business School, University of London, UK
  • MBS: Melbourne Business School, The University of Melbourne, Australia
  • Michigan: Stephen M. Ross School of Business, University of Michigan, USA
  • MIT: Sloan School of Management, MIT, USA
  • NUS: National University of Singapore, Singapore
  • NYU: New York University Stern School of Business, New York University, USA
  • RSM: Rotterdam School of Management, Erasmus University, The Netherlands
  • Tuck: Tuck School of Business at Dartmouth, USA
  • UCLA: UCLA Anderson School of Management, University of California, Los Angeles, USA
  • UNC: The Kenan-Flagler Business School, University of North Carolina, USA
  • Wharton: The Wharton School of the University of Pennsylvania, USA
  • Yale: Yale School of Management, Yale University, USA

Associated Business Schools

In the same way that IESE was guided by Harvard Business School when it was first established, IESE has helped establish various other high-quality business schools, mainly in developing regions of the world.

IESE’s global reach goes well beyond the school’s campuses and facilities in Barcelona, Madrid, Munich, New York and São Paulo. The school’s links to associated business schools and those with which it has exchange agreements and partnerships give students a heightened sense of partaking in a global community. Together with its global vision and the diverse nationalities of students and program participants, the school’s international academic alliances bring the world to the IESE classroom and the IESE experience.

For many years, IESE has been actively dedicated to helping foster management development in Africa. In collaboration with the local academic community and businesses, IESE has established three new Business schools in Africa – Lagos Business School (Pan-African University in Nigeria; Strathmore Business School (Strathmore University in Kenya) and MDE Business School, in Ivory Coast.

Since 1992 IESE has collaborated in a variety of ways with Lagos Business School such as an advisory board made up of IESE professors and the opportunity for students to attend IESE’s PhD program in Barcelona. In 2005, IESE signed an agreement with Strathmore University in Nairobi to establish a business school. Moreover, IESE’s International Faculty Development Program (IFDP), designed for faculty members of business schools worldwide, sees a growing number of professors from African business schools each year.

Executive Education

IESE Executive Education offers a wide portfolio of open and customized executive programs delivered in Barcelona, Madrid, New York and many other global locations. Consistently ranked among the best in the world by The Financial Times, The Economist and others, these programs are attended by more than 4,000 senior executives every year. The classes are designed and taught by full-time faculty and feature intensive use of the case method. IESE Executive Education programs reflect the IESE mission of developing competent and responsible leaders who want to have a positive and lasting impact on people, companies and society.

The portfolio of executive education programs include:

  • Short-focused Programs from two to five days in duration
  • General Management Programs
  • Industry Meetings
  • Custom Programs

IESE is also involved in joint-venture executive education, offering open-enrollment programs in partnership with business schools and companies in the U.S. and elsewhere since 1994. The school's in-company programs have attracted such clients as Bertelsmann, British Telecom, Boeing, Fortis, Henkel, Oracle Corporation, Sun Microsystems and Volkswagen in recent months.

IESE's International Advisory Board

Created in 1989, IESE?ïs International Advisory Board (IAB) was established in order to help IESE assess the evolving socioeconomic context in which businesses functions and the latest needs, tendencies and advancements in the field of management and leadership education. The IAB is composed of prominent business and civic leaders from Europe, the United Kingdom, the Americas and Asia who are recognized for their contributions to the development of management and business. The IAB is appointed by the dean and meets periodically to review global developments in humanistic and management issues and discuss challenges and opportunities.

Notable IAB members include Michel Camdessus of the Banque de France, Victor K. Fung of the Li & Fung Group, N.R. Narayana Murthy of Infosys Technologies, Rafael del Pino of Ferrovial, Franck Riboud of Groupe Danone, Martin Sorrell of WPP Group and Peter Sutherland of BP.

IESE New York Center

In 2010, IESE inaugurated a new executive education center located in midtown Manhattan.

Located at 165 W 57th Street, the newly refurbished building was originally designed to showcase the arts. Built in 1916 and located across the street from Carnegie Hall, it was commissioned by Louis H. Chalif (1876–1948) from the brother architects George and Henry Boehm to house his dance studio and the Normal School of Dancing. The design called for an asymmetrical facade with motifs inspired by the Italian Renaissance and Mannerism periods. It was to feature tan-gray colored brick laid in a diamond pattern and polychrome terracotta with classical and theatrical references that adorn the upper stories of the building.

In 2007, the building was chosen to be IESE Business School's new home in North America: the IESE New York Center. The building's facade has been preserved, while the interior – with Template:Convert of space on six floors – has been transformed into a state-of-the-art learning environment. The center will feature multi-functional spaces for breakout sessions, food services, working spaces for staff and research assistants, two large amphitheater-style classrooms, offices and a chapel.

Institute for Media and Entertainment (IME)

IESE's New York Center is home to the Institute for Media and Entertainment (IME). With IME’s research support, IESE delivers executive education programs for companies and individuals from leading firms in the industry like Disney, Google, Time Warner, Viacom, Discovery and others. IME and IESE are program partners in the Advanced Management Program (AMP) in Media and Entertainment or the "Media AMP." The Media AMP is an intensive business education program for seasoned, high-potential executives from media and entertainment companies all over the world. The program is a first of its kind in the industry and is jointly offered with industry thought leader The Paley Center for Media.

Other media and entertainment programs offered at the IESE New York Center include Advanced Digital Media Strategies and Branding in Media and Entertainment. Custom programs are also developed for companies to address their specific business and executive training needs.

Additionally, IME maintains a media and entertainment business blog that provides free research reports and commentary regarding industry news and trends.

IESE International Case Competition

The IESE International Case Competition is an annual business case competition run by IESE for MBA students from across the world. The competition has been held since 1995, and is sponsored by Roland Berger Strategy Consultants.

Winning Teams

  • 2013:
    • 1st: London Business School - Adarsh Murthy, Kevin Royal, Julia K Waclawiczek, Pierre-Francois Wets
    • 2nd: IESE - Kerim Enar, Blanca Muñoz Fernández, Suhas Taneja, Dimitrios Tsatiris
  • 2012:
    • 1st: INSEAD
    • 2nd: IESE
  • 2011:
    • 1st: Saïd Business School,University of Oxford - Ravi Sinha, Jennifer Toda, Rebecca Peredo
  • 2010:
    • 1st: IESE - Anna Marie Harling, Patricia Riopel, Michael Dallala, Eric Laux
    • 2nd: Kellogg School of Management - Donnell Mata, Edmund Leung, Victoria Pomarnevska, Robert Serrano
  • 2009:
    • 1st: London Business School - Alexis Alphand, Jerome Combes, Ella Goldner, Bjoern Koertner
    • 2nd: IESE - Nick Edwards, Shuchi Sharma, Shilpika Gautam, Katharina Lueth
  • 2008:
    • 1st: Chicago Booth - Bharat Kapoor, Dustin Lyman, Nayan Patadia, Michelle Warner
    • 2nd: Oxford - Mark Davis, Carlos Clavijo, Victor Martínez-Sánchez, Ke Dai
  • 2006:
    • 1st: London Business School - Mauricio Achurra, Ian Craig, Christophe Haugen, Grant Smith
    • 2nd: MIT Sloan School of Management - Tal Ben-Shahar, Scott Roberts, Yulia Shpilman, Bryant C. Vernon
  • 2005:
    • 1st: MIT Sloan School of Management - Jed Finn, Prem Pavoor, Brian Greenfield, Mark Shalhoub
    • 2nd: Wharton School of Business - Matthew Jeffers, Michelle Tejero, Madhur Aggarwal, CK Siu
  • 2004:
    • 1st: Richard Ivey School of Business - Larissa Chaikowsky, Rayomand Golwala, Monica Chen and Marcel Guay
  • 2003:
    • 1st: Kellogg School of Management - Attila Toth, Paolo Cuomo, Alberto Spangaro and Arlindo Eira Filho.

Notable faculty


  • Pankaj Ghemawat
  • Marian Moszoro

Notable alumni


  • Juan Antonio Samaranch, Advanced Management Program AMP - 1962, former President of the International Olympic Committee
  • Miguel Sanz, General Management Program GMP - 1997, president of the Government, Navarre, Spain
  • Erich Joachimsthaler, Founder and Chief Executive Officer of Vivaldi Partners
  • Paco Ybarra, Citibank Head of Global Markets


Template:Reflist Paco Ybarra - Head, Citigroup Global Markets

External links

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