Hi Shailkins,
Welcome aboard. Sorry for the late reply.
For a one year course I believe IE is one of the top schols in Europe. The placement scenario in Europe or for that matter in any other part of the world is wuite different from what we see in India. You need to depend primarily on you networking skills. The schools helds job fairs and campus visits but at the end you need to cut the bread yourself. One example would be Oxford, even with such an age old legacy, their last year placement through college vist is 41% only. rest of the students have managed through networking and outside agencies.
For your second question, I am going to apply for scholarship shortly. it is a seperate process. Hope to get some, otherwise it will be tough for me.
Let me know if I can help with any other question of yours.
Cheers
kaushik.