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IESE Business School MIM Overview

01/02/2024

NA

Avg. GMAT

NA

Work Experience

$95K

Avg. Cost of Study

11

Months Duration 

$130K

Avg. Salary

Summary

Introduction to IESE Business School MIM

The IESE Master in Management (MiM) program prepares you to launch your career. You’ll graduate ready to leap into your first management role – and make a lasting impact on the business world.

During the program, you’ll develop the essential analytical skills and knowledge you need to succeed in entry-level management roles. You’ll also learn what it means to be an inspirational leader who puts people first – and take your initial steps toward having a positive impact on the world. This learning is guided by the same world-class faculty that teach in our executive education programs like the MBA, and you will draw from their extensive experience daily.

Why Study IESE Business School MIM?

16

FT Rankings

NA

US News

5

QS Top MBA

There are numerous benefits to earning a MEM from Stanford University. Here are a handful of the strongest arguments:

  • Stanford University has a well-regarded engineering programme. Stanford University’s MEM programme is taught by experts in engineering, management, and computer science. Some of the world’s most talented minds are available to teach students.
  • Stanford’s MEM programme has a strict admissions policy. As a result, only the most talented students are accepted into the programme. As a result, a challenging and competitive learning environment is created.
  • Stanford University’s MEM programme has a demanding curriculum. Numerous business, computer science, and engineering courses are compulsory for all students. This guarantees that pupils graduate with solid skills.
  • Stanford University’s MEM programme has a sizable alumni base. Alumni of Stanford MEM have prominent positions in a range of fields. Students may benefit from this network’s significant networking opportunities and career guidance.
  • Stanford University’s MEM programme is situated in Silicon Valley. Students now have the chance to network with top technological companies and gain knowledge from them.

Program Costs + Living Expenses : IESE Business School MIM

€47,700

Avg. Cost of Tuition/Quarter

+ 

$14,537

Avg. Living Cost/Quarter

95,000

Avg. Cost of Study

These estimates are based on various factors, including:

  • Accommodation: This is likely to be your largest expense. Renting a single apartment in Barcelona or Madrid can range from €800 – €1,500 per month, while shared accommodation can be significantly cheaper.
  • Food: Groceries and eating out can also vary depending on your lifestyle. Expect to spend between €300 – €500 per month on food.
  • Transportation: Public transportation in both cities is efficient and affordable, costing around €50 – €100 per month.
  • Utilities: This includes your phone bill, internet, and utilities like electricity and water. Budget around €100 – €150 per month.
  • Other expenses: This includes things like personal expenses, entertainment, and travel. Allocate around €200 – €300 per month for these items.

Employement Prospects : IESE Business School MIM

The world’s leading companies recruit IESE talent. IESE graduates are in demand because of the value they deliver, whatever the sector, wherever the opportunity. Set your career objectives and develop a strategy to achieve them. You’ll get personalized support from the Career Development Center as you refine your job-search skills, expand your network and prepare to present yourself to future employers.

As well as working with you throughout the year to increase your employability, the Career Development Center will work with potential recruiters to identify the best opportunities for you. When you graduate, you’ll have the self-knowledge and insight into your target industry to make smart decisions. And you’ll have the confidence to know that you can add value to any workplace.

Eligibility Criteria for IESE Business School MIM

Academic Qualifications:

  • A four-year bachelor’s degree from an accredited college is required of all students.
  • Students who possess a relevant technical background in engineering, physics, or another related field and meet the aforementioned degree requirement.
  • Students accepted to Stanford have an overall high school GPA of 3.0 on a 4.0 scale.

Student Eligibility for Indians:

If an Indian student satisfies one of the following requirements, they may apply: completed a 4-year UG degree with a first-class grade from an accredited university in a relevant discipline.

Note: Stanford does not consider a three-year bachelor’s degree in any discipline to be sufficient for graduate study. After receiving a three-year bachelor’s degree from India, you must complete a two-year master’s programme.

  • International students from non-English speaking countries must also meet the basic eligibility standards.
  • Avg. Score in IELTS 7.0 / 9
  • Avg. Score in TOEFL100 / 120
  • Avg. Score in PTE 68 / 90
  • Avg. Score in GRE 328 / 340

Documents required : IESE Business School MIM

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although Stanford prefers at least two. Recommendations must be submitted online. 
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Application Deadlines - IESE Business School MIM

DateApplication Status
Late SeptemberOnline Application Opens
December 1, 2023 (11:59pm PST)Application deadline for Autumn 2024-25 for applicants also applying to the Knight-Hennessy Scholars program
December 12, 2023
(11:59pm PST)
Application deadline for Autumn 2024-25

The application deadline is final. Applications will not be accepted after the deadline.

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Scholarships Available : IESE Business School MIM

  1. Stanford Graduate Fellowships
  •  Stanford Graduate Fellowships are given to exceptional graduate students based on their academic ability and research potential. Full tuition and stipend support are offered via fellowships for up to three years.
  • Students must have a high academic record, a demonstrated interest in research, and excellent letters of recommendation in order to be considered for a Stanford Graduate Fellowship.
  • Fellowships are frequently given to graduate students who are just beginning their studies.

2. Scholars at Stanford University

  •  Stanford Knight-Hennessy A highly selective scholarship programme called Scholars offers outstanding graduate students from all across the world full financial support. Scholars are picked based on their academic prowess, capacity for leadership, and dedication to public service.
  • To qualify, Students applying for the Stanford Knight-Hennessy Scholarship must have a high academic record, a commitment to public service that can be seen, and excellent letters of recommendation.
  • There is no set subject of study requirement, and scholarships are given to pupils from all around the world.

3. Management Science and Engineering Department at Stanford University Fellowships

  • Graduate management science and engineering students can apply for a number of fellowships from the Stanford Department of Management Science and Engineering. Scholarships are offered to fund research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme in the Department of Management Science and Engineering at Stanford to be eligible for a Stanford Department of Management Science and Engineering Fellowship.

The criteria used to award fellowships are academic merit, potential for research, and leadership abilities.

4. Stanford Graduate School of Engineering Fellowships

  •  The Stanford Graduate School of Engineering provides graduate students in all engineering areas with a range of fellowship opportunities. Scholarships are offered to fund research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme at the Stanford Graduate School of Engineering in order to qualify for a Stanford Graduate School of Engineering Fellowship.
  • Scholarships are given based on academic achievement, potential for future research, and leadership abilities.

5. Fellowships from Stanford University

  • Graduate students from many fields are eligible for a range of fellowships from Stanford University. Fellowships offer financial support funding for research, stipend, and tuition costs.
  • Students must be enrolled in a degree programme at Stanford University in order to qualify for a Stanford University Fellowship.
  • Scholarships are given based on academic achievement, potential for future research, and leadership abilities.
  • Graduate students who are unable to pay the entire cost of attendance can apply for financial aid via Stanford Financial Aid. Grants, loans, and work-study programmes are all forms of financial assistance.

Specializations & Electives Offered

MS&E master’s students complete breadth as well as depth. All are required to develop competence in optimisation and analytics, organisations and decisions, and probability.  In addition, every student pursues a speciality in one of seven areas:

  1. Financial Analytics
  2. Operations and Analytics
  3. Technology and Engineering Management
  4. Computational Social Science
  5. Decision and Risk Analysis
  6. Energy and Environment
  7. Health Systems Modeling

To know in depth about the curriculum and pre-requisites click here.

FAQs About MIM

The Master in Management (MiM) is aimed at recent university graduates and graduates with no or up to 2 years of professional experience.

 

Applicants must have a bachelor’s degree. Those whose native language is not English will have to take the IESE admissions test, as the program is taught in English. The GMAT or GRE score is important, but not decisive. Applicants’ personalities, motivations, goals, leadership and communication skills will also be taken into account.

 

Your professors are the same world-renown experts that teach the business leaders in our executive education programs. IESE faculty hold doctoral degrees from top universities around the world, and their teaching is based on the latest developments in business and driven by the desire to make a lasting impact on society.

 

Many of IESE’s programs hold Open Days to allow you to visit campus and experience IESE firsthand. Open Days are listed on the individual programs’ websites, and you can also contact the program directly for further information.

 

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.

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