IESE is among the few top MBA programs known for its Case Study Method. We ask Pascal how effective the method is for teaching new concepts and will the call for hands-on experience decrease the relevance of cases
What learning could be more experiential that discussing a real general management situation in a classroom combining roughly 2000 years of work experience across all sectors, functions and geographies?
What is amazing about the case-study method is that it is simply the most powerful way to leverage the incredible diversity that we bring into the classroom. The idea is to learn from your classmates as well as from the professors.
Our professors are all involved in cutting-edge research and consulting work for companies, so in a way, even if you discuss a case that might seem dated, it is really the classroom discussion that will produce the learning. Not only in your classroom, but the professor might also have taught the same case to a group of senior company executives on our New York campus a week earlier. The instincts she would have gained there will also...
In the second part of the interview with Pascal Michels, we ask how IESE approaches Leadership development and the reasons why 1/3rd of IESE graduates pursue Entrepreneurship within 10 years of graduation.
How does the program develop leadership skills in MBA students?
“Leadership,” “Leader” are terms that get thrown around these days without much thought about what they actually mean. At IESE we teach Leadership as a subject in the first term, but I think it is very telling about how we look at leadership to see that this class is followed in the second term by “managing oneself” and “business ethics.”
All disciplines are woven into the cases we discuss, but it is particularly interesting to see these three connected.
Leading others starts with being able to manage oneself.
Leading people means managing emotions, and if you are not apt at reading and managing your own emotions, you will struggle to be a good leader. The positive impact we expect our graduates to have in their communities over their careers will...
We had interviewed many MBA Admissions officers and Marketing Managers. It is rare that you encounter a school's representative that bleeds passion and belief in their program's potential to reach #1 in Global MBA Rankings.
In recent rankings, IESE has been challenging the dominance of INSEAD and London Business School to take over Europe's #1 spot. In such an exciting time for the Spanish Giant, we are pleased to publish the first part of the interview with Pascal Michels - the Director of MBA Admissions at IESE Business School
What is the biggest misconception about IESE Full-time MBA program?
I would say that with a predominance of one year programs in the European market there is an assumption that two-year programs are more relaxed. This is certainly far from true regarding IESE. Academically, our full-time MBA is extremely rigorous, especially during the first year. This is done on purpose because we believe that people get the best out of the learning experience only if they are stretched to their limits. I have no doubt that the first year of our program is at least as intense as the most intense one year programs out there.
Another feature of our full-time MBA which...
Spain’s Economy has gone through five years of slowdown after the 2009 crisis that shrunk the GDP by 3.6%. However, for the past 3 years, Spain saw a revival of a sort. Unlike the US, the collapse was triggered by traditional banks. They overindulged in approving loans, anticipating a real-estate boom. When the reality did not match, the unemployment in Spain rose to 25% at one point, and the youth unemployment set a disastrous 50% levels. The bubble burst, but luckily Germany’s economy had offset the imbalance. Since the interest rates were set for the entire region (Euro), Spain couldn’t justify paying loans for a higher rate.
The government took painful austerity measures by reducing public sector wages, and hiking VAT rates from 18 to 21%. Luck had a big part too. Greece one of the popular tourist destinations lost their share of tourists to Spain due to inflation. The government's steps to broaden the tax revenue, first through a cut in personal (52 to 45%) and corporate (30 to 25%) taxes was a bigger contributing factor. Instead of regulations limiting enterprises, the government allowed companies to set up recruiting policies. The terms of employment offered the flexibility for companies to limit the...
Round Deadlines Decision
R1 Oct 7, 2014 Dec 12, 2014
R2 Jan 13, 2015 Mar 27, 2015
R3 Mar 3, 2015 May 8, 2015
Last Round May 19, 2015 July 3, 2015
Find out how to write winning...
If you have missed the first part of the series, Click Here to Read IESE vs IE MBA Program - Which is Better?
Although both IESE and IE programs emphasis on Entrepreneurship as an integral part of the learning process, IE Business School has a comparatively larger eco-system for nurturing Entrepreneurs.
IESE introduces Entrepreneurship during the first year core course with Fundamentals of Entrepreneurial Management. During the second year, a set of electives can be chosen to select Entrepreneurship as a concentration. In addition to a dedicated Entrepreneurship and Innovation Center, IESE has started an Investment Fund, FINFAVES, and have brought together a group of Angel Investors in Madrid and Barcelona to support funding for start-up and second-stage Businesses. Although 3% of the latest class opted for Entrepreneurship as a career choice, the school claims that after 10 years of graduation, nearly a third of MBA...
The IESE Global Executive MBA program is designed for leaders. The program has two intakes - September and February. Participants can complete the program in 16-21 months.
1) Program is offered in two formats – Monthly and Bi-Monthly, allowing participants to complete the program in 19-21 Months (6 Modules – Monthly Format) or 16-18 Months (8 Modules – Bi-Monthly Format)
2) In-Company Project: Participants are required to complete a 4-month in-company project where they have the choice to focus on their own or a colleague’s company. Some of the areas of focus are strategy, marketing, acquisitions and management cost analysis.
3) Business Plan: Participants are required to create a complete Business plan to develop capabilities to start their own ventures.
4) Global Outlook: The participants will experience five cities as part of the course and will focus on the strengths of each city with the modules.
- Barcelona (Opening, Closing and other selected modules)
- Madrid (Advanced finance)
- Shanghai (Market dynamics and business practices of high-growth emerging markets) Silicon Valley (Focus on IT, entrepreneurship and Venture Capital) ...