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Ameer Khatri MBA Consultant

IE Business School MIM

October 11, 2023




Avg. Age

2 Yrs.

Avg. Exp.


Class Size


Months Duration

Table of Contents

What is a good GMAT score for IE Business School MIM ?

Short Answer – The average GMAT score at IE Business School is 660 for the last entering class. If you score above 660, 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. 


Average Employment Salary after IE Business School MIM?

The average salary at IE Business School  for the last graduating class was €82,547. 86% of the class was employed with 3 months of graduation with majority of class going into consulting (21%), Finance (20%) and technology (22%) oriented functional roles. 

The entire program is tailored to your unique ambitions, strengths and gaps. No two people are the same, and neither are any two career paths. 

Key Employers


Employed within 3 months of graduation


Avg. Salary











€ 43,300 

Tuition Fee

€ 27,000

Living Cost


Cost of Attendance

Tuition Fees & Scholarship aIE Business School

The Tuition fees for IE Business School  is € 43,300 and an additional  € 27,000 in living cost. 

Application-based scholarships are open to all incoming students while their admission process is ongoing and always before the start of the program.

Important Scholarships

Quick Overview & Rankings


FT Rankings




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IE Business School Application Essays

  • Why are you applying to the IE Business School Program now? What is the professional objective that will guide your career choice after your MIM , and how will the  IE Business School  contribute to the achievement of this objective? (500 words)
  • What do you consider your most significant life achievement? (250 words)
  • Leadership and ethics are inevitably intertwined in the business world. Describe a situation in which you have dealt with these issues and how they have influenced you. (250 words)
  • Imagine an entirely different life from the one you lead, and what it would be? (250 words)
  • What figure do you admire the most and why? (250 words)

IE Business School Recommendation Ques.

  • How long and in what capacity have you known the candidate? (No word limit)
  • If this is a work-related reference, in what position is/was the candidate employed and for how long? (No word limit)
  • What do you consider to be the candidate’s principal strengths/talents? (No word limit)
  • What do you consider to be the candidate’s weaknesses or areas that need improvement? (No word limit)

Application Process & timeline

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

Step 1

GMAT / GRE Score

2-3 months.

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. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about IE Business School MIM

The Master in Management is a business program aimed towards young professionals who have between 0 and 2 years of work experience after they have graduated with their bachelor’s degree. The program is open to students of any academic and/or professional background to enrich their experience and class diversity. Our students have an average age of 23/24 and have a wide range of professional backgrounds.

Yes, the Master in Management is open to students with an undergraduate degree in any field. This will help enrich the experience and class diversity.

 The Master in Management is a full-time 11-month program taught in Madrid. We offer two different intakes, one in January (finishing in December) and one in September (finishing in July). *Please note that exact dates may vary, and a specific calendar will be offered by the team as soon as it is available.

The Master in Management is a highly customizable program: you can choose 50% of the content to tailor it based on your professional goals.

 It is structured in four different periods, where the first two will be the core of the program including all the business fundamentals. In the third and fourth periods, you will choose a track to follow and electives to add to your knowledge

Both the Master in Management and the International MBA are full-time business programs and highly customizable. The main difference between these programs is the class profile they are curated for. The Master in Management is aimed at young professionals who haven’t worked for more than two years full-time. The average International MBA student has been working for seven years and is in a managerial role. If you are unsure which program is right for you, please reach out to the Global Recruitment team.

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