IESE Business School , the graduate business school of the University of Navarra, is ranked as a top 3 business school in Europe and is renowned for its MBA and Executive MBA programs. IESE has campuses in Barcelona and Madrid. IESE is an initiative of Opus Dei, a personal prelature of the Catholic Church. IESE's endowment in December 2006 stood at an all-time high of US$32.64 million.
IESE stands for "Instituto de Estudios Superiores de la Empresa" in Spanish and in English: "Institute of Higher Business Studies" or "International Graduate School of Management".
Features
Its main features are:
- An international character that combines a global mindset with an understanding of the different cultural, institutional and social dimensions that play a role in business in different regions.
- A general management view of companies and business problems and challenges.
- A culture of learning that helps participants ask not only what, but why and how.
- The human and ethical values indispensable for personal growth and corporate sustainability.
- The belief that business leaders can have a profound impact on people and society through professionalism, integrity and spirit of service, fostering in this way true corporate social responsibility.
- A personalized approach to management education.
- Rigorous research on real problems which are relevant to the business world.
- Comprehensive international exchange programs with top schools (e.g.,Duke (Fuqua School of Business), Columbia Business School, Kellogg, and the Tuck School of Business at Dartmouth College)
Some of the Programs Offered
- MBA
- Executive MBA
- Global Executive MBA
- General Management Programs
- Short Focused Programs
- Ph.D in Management
- Custom Programs
- Alumni Continuous Education Programs
- International Faculty Program
History
In 1957 the first steps were taken towards the creation of IESE, which was founded in 1958 in Barcelona as the graduate business school of the University of Navarra.
Initially, the school offered an array of executive education programs for managers, at a time when the concept of executive education was scarcely known outside of the United States. The establishment of these programs, aimed mainly at experienced business leaders, constituted a landmark in the history of executive education in Europe. Since then, more than 32,000 people have taken part in such programs.
The school launched its MBA program in 1964, under the guidance of an advisory committee set up by Harvard Business School and IESE. It became the first two-year MBA program in Europe, drawing students from all over the world. The Harvard-IESE Committee continues to meet annually to discuss matters of mutual interest and relevance.
IESE opened its Madrid campus in 1974 to meet the high demand for executive education in the Spanish capital. In addition to executive programs, IESE today offers its Executive MBA program, as well as a host of in-company programs in Madrid.
In 1993, in response to a rapidly globalizing environment, IESE began forging joint-programs with a number of top U.S. business schools to offer open-enrollment and customized programs. The world was growing too complex, interconnected, and global for any single business school to claim to have all the answers. Partner schools have included Harvard Business School, Stanford, MIT Sloan School of Management and the University of Michigan Business School. The tradition of collaborating with leading schools to offer high-caliber programs with a trans-Atlantic perspective continues today.
In addition to these open-enrollment programs, the school has become a leading player in offering customized programs for executives, serving such prominent clients as Bertelsmann, Boeing, Henkel, Sun Microsystems, Telefonica and Visteon.
The school also launched the Global Executive MBA program, which integrates the latest distance learning technology with residential modules on three continents. Participants include experienced executives who are working all over the world.
Following the expansion of the Madrid campus in 2004, IESE inaugurated in 2007 new buildings at its Barcelona campus and established offices in New York. The school also has facilities in Munich and Sao Paulo. The new facilities will help IESE to provide the best possible services to companies and executives as well as create an important legacy for future generations.
The King and Queen of Spain officially inaugurated the new Barcelona campus in January, 2007. The new buildings contain state-of-the-art learning facilities, equipped with the latest technology.
Chronology
- 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: Global CEO Program for Latin America begins.
Rankings
IESE's MBA program is currently ranked as the top MBA program in the world according to the 2009 rankings published by The Economist .
IESE had previously ranked as number one business school in the world based on the study of the Economist Intelligence Unit of 2005 and 2006. The ranking criteria of the Economist are (a) Open new career opportunities (35%), (b) Personal development/educational experience (35%), (c) Increase salary (20%), and (d) Potential to network (10%).
It ranked 11th in the world based on the study of the Financial Times in 2008. and 1st non-U.S two year business school according to Forbes magazine.
In its Executive Education 2000 survey published on May 23, The Financial Times ranked IESE one of the world's leading providers of open enrollment and in-company programs for global senior managers. In the global Top 20 ranking, IESE ranked 9th in the world and 2nd in Europe. The Financial Times also named IESE No. 1 in the world in two categories: internet usage and relevance of teaching in the workplace.
IESE is one of the world's pioneers in joint-venture executive education, offering open-enrollment programs in partnership with leading U.S. business schools and companies since 1994. The school's in-company programs have attracted such leading clients as Bertelsmann, British Telecom, Boeing, Fortis, Henkel, Sun Microsystems and Volkswagen in recent months.
Notable alumni
- Juan Antonio Samaranch, former President of the International Olympic Committee
- Rafael Villaseca Marco, MBA, IESE - CEO Gas Natural SDG
- Javier Robles, PDG (General Management Program) 1990, IESE – President, Danone Spain
- Alfredo Biel Castán, MBA, IESE - CEO, Bonsai Technologies group
- Ruben Bonet, MBA, IESE - CEO, Fractus
- Javier Cebrián Sagarriga,
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