The IE Business School MIM program is one year long and is customisable for its students. It has been ranked 6th all over the world by QS in 2020 and 11th by the Economist in 2018. One can choose from six different tracks in the IE Business School MIM program to pursue a successful career in any area. There are elective courses that the students can choose as per their interests. If you decide to apply to the IE Business School MIM program, you would be required to collect information about different things like application requirements, fee and funding, the application process, course structure, etc. All these factors need to be kept in mind while making a decision. All the vital information for applying to the IE Business School MIM program has been compiled here in this blog post.
Class Profile
The last class of the IE Business School MIM program had 82% international students. 45% of the total students were females. The average age of the students was 23 years who had an average of 0-2 years of work experience. The educational backgrounds of the students are quite varied. They come from different areas like Business, Sciences, Engineering, Social Sciences, etc.
Course Structure
The duration of the course of IE Business School MIM program is one year. The first month is the pre-program that includes basic areas like Financial Accounting, Economics, Excel, etc. This is followed by the first and second periods of 2 months each. The third period is of 2 months while the fourth one is of 3 months and includes elective courses.
The fourth period is followed by 1 week of the Capstone project and graduation. After this, there is an optional period of 3 months that includes internships and venture lab.
Application Requirements
While applying to the IE Business School MIM program, there are many different requirements that one needs to take care of. The details of all the requirements have been mentioned here –
1) Bachelor’s degree – This should be from an accredited university.
2) Transcripts – Official transcripts are required. They should be certified translations into English or Spanish.
3) Resume – This should not be more than 1 page in length.
4) Personal Essay or Video “Express Yourself”
5) 2 letters of recommendation
6) English language tests for international students – There are a number of tests that are acceptable for applying to the IE Business School MIM program. The details of these tests are as follows –
a) TOEFL – A minimum score of 100 is required.
b) IELTS – A minimum score of 7 is required.
c) Duolingo English Test – A minimum score of 120 or a Cambridge Advanced C1 is required.
For applicants who want to pursue the program in bilingual format, the English language tests that are required have different minimum requirements. The details are as follows –
a) TOEFL – A minimum score of 92 is required.
b) IELTS – A minimum score of 6.5 is required.
c) Duolingo English Test – A minimum score of 110 and Cambridge Proficiency First B2 (FCE)
Please note that any of the scores mentioned above are not required to be submitted if the undergraduate degree was completed in English or if the applicant has been working in an English-speaking country for more than 2 years.
7) GMAT/GRE Score – The 80% range of GMAT score of students of the IE Business School MIM program is 650-770.
8) Passport and a passport sized photograph of the applicant
9) A non-refundable application fee of €150 needs to be paid online while submitting the application form.
Placement Statistics
91% of the graduates of the IE Business School MIM program got placed within three months of graduation. They got offers in different industries like FMCG, consulting, banking, technology, etc. In the class of 2019, the average annual base salary of the students was €37,209 with an average of €9.621 in annual bonus.
Some of the best companies that hired students of the IE Business School MIM program were BCG, McKinsey & Company, EY, P&G, Unilever, Google, Amazon, ING, etc.
Course Fee and Funding
The course fee of the IE Business School MIM program is €38,200. This tuition fee can be submitted in 7 instalments. The payment plan does not have any interest payments to be made. €400 will be charged for plans with more than 3 consecutive instalments .
Applicants can also apply for scholarships awarded by the school. An online application needs to be submitted for being considered for a scholarship. This can be filled even before receiving the offer of admission.
How to Apply
While deciding to apply for the IE Business School MIM program, one needs to decide which round to apply in. They take students twice a year – one in September and the other in January. There are no specific deadline dates for applying. The admissions are granted on a rolling basis.
After submitting the application form, the applicant receives a link to answer two live questions in video format and one in written format. One of the questions is –
What is the most important thing that you would like us to know that is not in your resume or application? (Video or PPT or a written essay” between 250-650 words)
Check here for essay tips – Application essays, Structured Thinking, Visualization, Story Telling
The next stage of the admissions process is a personal interview with the Associate Director of the Admissions Team. The interview can be conducted either through Skype or face-to-face. The final decision comes within 1-3 weeks.
The application is evaluated holistically. Therefore, it is recommended that one puts efforts into all aspects of the application like a personal essay, live questions, interview, etc. Stay focused, stay ahead.
Contributor – Richa Mathur
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