• Amit Singh
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Thanks for the reply. I was just looking for info, not exactly precise numbers, that could give some confidence and clear the uncertainty. I just want to know the ground reality in Europe for non-EU students. Hope you could shed some light on the following bits!

1. How is the job market for non-EU students in Europe since Europe is the place most of the IESE graduates end up working. Is it tough with respect to permits, language and preference?

2. I just saw the FT 2012 ranking and was happy to see IESE at 9. It shows 97 % students were placed within three months of graduation. Is that number realistic?

3. How is the scenario for career shifters? I understand post-MBA placement depends a lot on the past-WE, MBA grades and profile matching. I'm not sure which functional area I want to work in post-MBA? So, should I decide now itself or when can one expect to know the area he/she would excel in?

Hope you understand the eagerness and concerns of a prospective student like me. I wish I didn't have these. Thanks again for taking time on this forum.

1. Job market anywhere outside your country is tough that is even true for EU. What makes it tough is basic work permit and language issues along with crisis driven protectionist approach of most of the governments! Its all out in news for US nd EU or for tht matter any other country! Saying that the international work, and highly skilled work inside industry is still open for quality MBA graduates!

2. The numbers of previous year is what you see in FT as per my information!Again best people to give u an exact figure would be admission directors and not me !

3. Career shifter can be defined on 3 dimensions of industry, function, and job role! Its easier to only change one dimensions in career shift! It becomes more difficult if you try to change everything!

Do you know any latest placement numbers for 2011 graduates? The career report I found online doesn't show the % of students placed within 3 months of graduation.

Also, I couldn't find info about where most non-EU students end up placed. When I contacted Jessica Smith, she said most non-EU are placed outside Spain. I'm just concerned if most, if not all, non-EU are placed within expiry of their resident permit. Have you heard of any worst case scenarios when students had to return to India without a job?

On a side note, I was reading the past discussions that were made by students of class 2011, 2012 on pagalguy and they were pretty much on the same note about Spain's economy. So, if IESE graduates, especially non-EU, found jobs post MBA then, I assume it shouldn't be a problem for us in the future too. However, when I spoke to a present 1st year student who was referred through Jessica Smith, he sounded kinda skeptic about the whole job scenario. Should I be worried? if so, how much?

I will suggest you to talk directly to admission director if you have any questions on exact figure as I do not have one but I know a lot many who have been placed and since the industry placement has just started it would be unfair to say anything on this for current batch! Traditionally most of non EU student normally work outside Spain, not because of Spain but availability of better options outside Spain at times! No one has a crystal ball for the future, so I will not comment any further on what will be tomorrow nor am I fan of looking at future through past lenses!
Pixaar Says
aksr, how many Indian students are at IESE? I read somewhere that it's abouyt 25 - so about 9 to 10% of the student body. But it does seem high for such an international school. What year are you in? Thanks.

You are correct, its about 10% of the whole! It is not high in the sense that every team you will work with will have one Indian, one South East Asian, one Spanish, one from Latin America, one from North America, and couple from other countries in Europe/Asia/Africa...so IESE is as diverse as it gets in terms on international B School! In fact I do not know another school which is as diverse as IESE is! I am in my first year!
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Can you please share your contact details.
If you don't mind.

Sorry, I do not share my contact details on any public forum! If you have any question, you can post the same here and I will try and answer it with best of my ability, and it will also benefit others! or you can PM me if its very personal...
Hi Folks.. good to see some nice discussion going on about IESE. Thanks aksr for helping out a lot of prospective candidates (like myself) After some research on the top bschools in Europe,

I am confused between IESE and IEBS on what would better suit my requirements. My profile is 750/3.8yrs in Analytics/IIT/no int. experience/good acads/ avg. extra acads/some community work/CFA L3 clear. Post-mba, I want to work in an ibank/pe-firm in mainland europe (not in UK, ideally Germany) Both IESE and IEBS have their pros and cons.

13 month in IEBS compared to 21 in IESE (so lesser cost in IE and you start earning earlier)
Global Rankings IE>IESE (only slighltly though)
I would personally prefer Barca over Madrid so IESE > IE

Guys, I need your help in figuring this out. what are the other parameters one can compare the two schools on? aksr, I would highly appreciate your inputs here.

Here is a quick reply for you:
IE as you said being an year long program may be perceived more beneficial for a more experienced person! For placement you can always ask both schools of their placement records and then verify that through personal interaction ideally not on a public forum about the same!

Having said that, and if you have done some personal research by talking to Spanish junta on which MBA is best in Europe, you would be already knowing as I have even said earlier in my thread that IESE is best MBA from Spain as per local perception, and at IESE we do not even discuss about IE as a competition when we discuss on topics like career, placements, etc. inside school!

According to me IESE has a bigger brand recognition, longer history( first European 2 year MBA), greater reach than IE! That does not mean IE may not be a good school but then there have been such discussions earlier also and it all comes to your own priority!

Rankings are at times skewed by lots of things so never ever use ranking to judge schools but just use it as your first step in application process to know broadly what schools to be considered good worldwide to start your further real research! I can tell you on the ranking topic itself, that IESE is ranked 3rd as per CNN, 5th in economist ranking (were even ranked #1 in 2009), 4th in FT European MBA ranking, ahead of lots of other schools including IE ! They both are very different schools in the end and hence may have different attraction capacity for different people!

The reason to select IESE over any other school, and I have already written in above threads, how one can decide on which schools to select, is based on teaching-learning quality (for in the end you are not going to a placement agency but a place of excellence in business study), availability and exclusiveness of job positions offered, industry linkups, diversity, cultural fit, monetary consideration, and lot many more criteria with a balanced mindset! When it comes to choose on money, think of the benefits excluding money and see who much of the benefits increases or decreases and are you able to justify yourself of the benefits with the difference in money!

According to me once you decide you need a MBA from outside India, not because its easier to get into as some think, which is anything but true at selective top schools like IESE, but other more important benefits in education quality and future growth prospect, money should only be discussed qualitatively that is if you can fund it using the resources school provides in terms of loans (with co signer/ without it) availability, and scholarship grants, and then compare the quantity of the remaining amount one has to fund it through one's pocket in light of average years/ months other alumni took to repay their loans!

On working in Germany, if you know German it is very likely possible at IESE! You also need excellent track record in academics right from high school days to college days as another criteria that most of German firms look into!

Hopefully that clears your doubt! Best of luck in your application!
Thank you. I might have gone ahead of myself in saying my IESE offer is pretty confirmed. So, I would like to know how many of students that attend the assessment day get a final offer! By the time I get a formal and final decision from IESE, I might have to decide on other offers. Hence, your input here would greatly help my cause. Also, do you know how many of the admits receive a scholarship? BusinessWeek says 79%. I'm little skeptic about that figure. Scholarship matters a lot to me now more than ever before since HEC tuition is almost 20000 euros cheaper.

Again, I appreciate your initiative a lot on this forum. Keep it up..

I can give u stats from our assessment day that is based on round figure for I don't now remember exact numbers! We were I guess almost 39 guys of India/Indian Origin at New Delhi, last year, and I believe almost 12-17 guys got final admit! Well let me tell you what we were told, when IESE calls u to assessment day they don't have a fix number in their mind, therefore, they go ahead and can give in fact each one of u an offer if u all were good...Second tip would be, BE YOURSELF...there is no need of any preparation ...for such things will not work as you would think it would...so just relax and enjoy the day... is what I will advise to you! All the best!

On scholarship, the numbers are limited for indian nationals but few of indian nationals have got it but not as high as you say! But then this should not be the deciding factor as per me to accept an offer or not! For IESE you have a global loan program without any co signer whereas for any other MBA even if they may be 10-20K cheaper, you have to arrange that fund yourself! Also HEC MBA is 1.5 years course while IESE is 21 months which is almost 2 years with 5 semesters in it, so in spite of being a 2 year course, its a lot hectic than you can think and since its longer it builds your knowledge really well! Frankly I just love the teaching and educational quality here! Its just wow
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I have also cleared the interview stage and have been selected for the assessment day .aksr thanks a lot for your inputs this has brought more clarity to me

Again I was a bit scared when one of my friends had to return from IESE without an offer , but he also made the disclaimer that the rest of his Indian friends were able to get placed so am not gettting too worried.

Unlike Mac , I dont have any other offers as of now so its either IESE or next year :o.

Askr , one more question , How is the outlook for Indian students( especially the typical 4 year IT male guys) looking to move to consulting/finance ?. How do recruiters look at these sort of profiles ?

Consulting requires local work experience and language for the office, which you are going to apply! Normally Indian offices do not take an outside India student too in consulting in top 4 firms! so there are challenges in consulting sector but if you have right fit you can still make it!

Finance is more open in terms of this but then is more selective in certain areas due to financial crisis Europe and world is going through! All top consulting & finance firms do hire for associate roles and a lot of Indian students are even selected! Therefore, this also depends on what you bring along with IT skills, that can be transferable to this sector!

Do your homework on the sectors, for school can help you by bringing in these top firms on campus but then it comes to your own skills and proving your fit to get an interview and final position in these firms!
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macbook86 Says
What preferences have you set in making a decision? My preferences are most probable, if not guaranteed, placement, less tuition, and finally top ranked reputation (brand name with employers). I have offers from HEC Paris, Rotman and IESE is almost through. So little confused with the choices. Your inputs will be a great help.

For me it was 1] Quality of education, in terms of, learning methodology and its effectiveness to my study style, Professors' reputations and industrial expertise, and student's quality! 2] Reputation in Industry, in terms of numbers and quality of positions offered, exclusive job positions availability, quality of companies coming to campus, career events and on campus interaction, alumni network! 3] Diversity , and 4] Availability of funding and scholarship for education for I look at it as investment for your future and in long term the initial investment value becomes less consequential than the potential of growth!

IESE is definitely best as per me in that list and the list you provided earlier followed by Rotman and HEC. But I am sure every individual based on their priority would have a different rankings! All the best in whatever you decide!
Thanks for the inputs. Well, I was just considering working in Spain as a back-up option if not placed elsewhere. What would be the situation if one goes past the student residence permit of one year? Is there any work permit option available to stay and find a job locally? I'm just little curios. Hope you understand.

Also, How would you rate this university in comparison to, let's say, HEC Paris, ESADE, IEBS and Manchester Business School?

You can always work in Spain! Being the topmost MBA of Spain, its not difficult to get it! You have to work on your Spanish skills nevertheless! To answer your second question, let me tell you like this, if you are an Indian, take IESE as an equivalent of IIM-A for Spain and IIM-C of Europe and may be IIM-K/I for world on overall reputation and comparison with other schools around the globe! Now all other schools that you have mentioned are good schools in their own right but in Europe and here I am pretty sure, we do not think of them as our competitors except London Business School, INSEAD, and IMD! For me it is my top choice school based on my own preferences! So these things and opinion can vary from person to person based on the criteria you apply to compare them!
From what I heard I think you can stay around two months in Spain(please correct me if I am wrong askr) after your program gets over.But it is definitely not as high as the US OPT period.

Mac dont be too concerned about working in Spain,I think the best opportunities are outside Spain and thats where most IESE grads go

I agree to what has been said here! Almost 95% of the jobs taken by IESE graduates are outside Spain, nevertheless you can also get employed in Spain! The student resident card for non EU students are issued for one year, so if you come here in say August, 2012, it wud be valid till August 2013, when you again get it renewed to August, 2014 next year while you pass out in May end!

As far as economic turmoil is concerned, it has affected everywhere and every country, nevertheless the good thing is a MBA from top business school with strong managerial decision making skills, good ethics and understanding of global economics is key out of this crisis and therefore, they are in good demand as can be seen in job market! I will say the demand pipeline for MBA from IESE is pretty strong, and I have attended a lot of companies' presentation, who are only hiring at top 10 schools in world, and they being at IESE is a testimony in itself!