Short Answer – The average GMAT score at IE Spain is 650 for the last entering class. If you score above 650, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
The average salary at IE Spain for the last graduating class was €82,300. 91% of the class was employed with 3 months of graduation with majority of class going into consulting (21%), Finance (23%) and technology (29%) oriented functional roles.
Throughout the program, IE offers you impactful advising, learning resources and development tools that will help you manage and reach your professional goals.
The Tuition fees for IE MBA is € 82,300 and an additional € 15,00 in living cost.
IE University, aims to invest in diversity and talent, which is why they are proud to offer numerous financial aid options to support remarkable incoming master’s students from all backgrounds that may be facing economic barriers.
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We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
The Next Best You is a fundamental concept at IE Business School. It means we focus on helping you analyze the current you, determine your desired impact as a leader and give you the skills, mindset and tools you need to reach your full potential. Our approach is personalized and tailored to each individual student, rather than using a one-size-fits-all method. We offer a range of guidance, options, and support throughout the program to help you identify and refine your strengths, weaknesses, and aspirations. We provide a wide variety of workshops, mentorships, career advisors, industry connections and extracurricular activities to help you develop the insight, skills and abilities you need to succeed. This personalized approach sets IE apart from other leading universities. Not only does it set you up for greater success, but our approach is valued by recruiters seeking graduates who have undergone this transformative process and have received a highly personalized education.
The International MBA is a business program aimed at professionals with an average of six years of work experience. The average age in the classroom is 30, and the program is open to students of any academic and/or professional background, which enriches the learning experience and promotesdiversity.
The International MBA is a full-time program taught in Madrid and you can chose to complete it in 11, 15 or 19 months. We offer two different intakes: one in January and one in September.
The International MBA is a highly customizable program where you can choose 50% of the content, thus tailoring the program to your professional goals. It is divided into four periods. The first two are the “Core” periods of the program, which cover all the business fundamentals. In the third and fourth periods, you will choose a practical “Lab” period, followed by your choice of electives or a concentration to add to your knowledge.
The Master in Management is designed for recent graduates with two years or less of work experience, the average age between 21-25 years old. The International MBA, on the other hand, is for more experienced professionals with a minimum of three years of work experience after graduation from university, the average age being 30 years. If you are unsure which program is right for you, please reach out to the Global Recruitment team.