IESE Business School

History

The Instituto de Estudios Superiores de la Empresa (IESE) was created by Opus Dei in 1958. The first name of IESE was Centro de Estudios de la Empresa, then Escuela de Directores del Instituto de Estudios Superiores de la Empresa (IESE) and finally IESE Business School.

Antonio Valero Vicente, commissioned by Jose María Escriva de Balaguer, was its main promoter and first dean. The founder of Opus Dei had listened to businessmen from Madrid, the Basque Country and Catalonia who, led by the Madrid naval engineer Alejandro Crespo Calabria, had expressed their concern and desire for the education and training of business leaders with a Christian vision. Valero visited the École des Administrations des Affaires de Lille, run by an MBA from Harvard Business School (HBS), to get advice on the pedagogical model, the case method.

IESE launched its first training project for entrepreneurs during the 1958-59 academic year. The first program, called Programa de Alta Dirección de Empresas (PADE), was aimed at business leaders with a decade of experience in senior management. The first classes were held at the Hotel del Parque in Sant Andreu de Llavaneres. The following academic programmes were Programa de Dirección de Empresas (PDE) 1959–1960, and Programa de Desarrollo para Alta Dirección de Empresas (PDADE, later known as PDG) in 1961. In 1963, after consulting professors Ralph M. Hower and Steve Fuller, the Harvard-IESE Committee was set up, and IESE launched the Master in Business Administration and Economics (MED) in 1964. It was the first time the term "master's" was used in Europe; it later took on the standardized name of MBA.

After almost two decades of collaboration with Harvard, the bilingual Spanish-English MBA was introduced in 1980, and collaboration was extended to other North American universities such as the University of Michigan Business School, the MIT Sloan School of Management and NYU Stern School of Business**.** In 2001, the Global Executive MBA was established. At the same time, IESE developed in-company programmes for transnational companies in Spain and leading Spanish companies. In 2006, IESE launched an Advanced Management Programme (AMP) for senior managers in Poland, which has been running annually since then. In 2007, after expansion and renovation, the new Barcelona campus was inaugurated. In 2009, the Global CEO Program for Latin America was launched in partnership with CEIBS and Wharton.

In the following years, the campuses in New York City (2010), Munich (2015), and São Paulo (in collaboration with ISE Business School), were consolidated and opened. In 2021, the expansion and opening of the new Madrid campus was completed.

In 2021, the Institute for Sustainability Leadership (ISL) was established to foster cooperation between academia and business. ISL researches and measures environmental targets, governance systems for sustainable cities and financial instruments for their development.

In 2023, IESE launched the Artificial Intelligence and the Future of Management Initiative to explore how AI is impacting management. It also prepares executives to put Al to use in their companies in an ethical and socially responsible way.

Campuses

Barcelona

IESE's main campus is located in the Pedralbes neighbourhood of Barcelona, at the foot of the Collserola mountain range. The 52,000 m2 campus features more than a dozen buildings. The newest was inaugurated in 2018 and houses the research division and doctoral programmes. The Barcelona campus is home to MBA programs and a wide range of Executive Education programs.

Madrid

Since its founding in 1974, the Madrid campus has focused on Executive Education programmes - PDD, PDG, and PADE. It also offers the Executive MBA and a special programme for public sector managers. In 2019 it introduced the Master in Management (MiM) programme. The campus is located in Aravaca, on Pico del Águila in front of Casa de Campo, a northwestern suburb of the Spanish capital. The Master building was built in 1991 and extended in 2004. The renovated campus was opened in 2021: to the original 19,000 m2, a further 16,300 m2 with green spaces and an auditorium were added.

New York City

The institution opened a campus at 165 West 57th Street in Manhattan in 2007. Housed in a neo-Renaissance building that was built in 1916, the campus delivers customised programmes for companies and general management programmes for executives, including the C-Suite Pathway program.

Munich

The centrally located Munich campus, founded in 2015, has focused on Executive Education programs for companies and professionals working in Germany and Central Europe. It offers the Executive MBA program and courses included in the MBA and Global Executive MBA programs, as well as the General Management Program (GMP).

São Paulo

The activities have been held since 2000 at the ISE Business School in the Bela Vista district of São Paulo, home to several educational and financial institutions. In addition to the general management programmes for executives, it offers the Executive MBA. File:IESE Campus Barcelona 2025.jpg|Barcelona File:IESE Campus Madrid 2025.jpg|Madrid File:IESE Campus NYork 2025.jpg|New York File:IESE Campus Munich 2025.jpg|Munich File:IESE Campus Sao Paulo 2025.jpg|São Paulo

International alliances and partnerships

Since the late 1950s, the institution has sent faculty members to doctoral programmes in the United States and Europe. It has established long-term academic partnerships with Stanford, MIT and CEIBS.

IESE also contributed to the founding of 15 business schools, mainly in low- and middle-income countries. IPADE (Mexico, 1967); IAE (Argentina, 1978); PAD (Peru, 1979); AESE (Portugal, 1980); INALDE (Colombia, 1985); IEEM (Uruguay, 1986); Lagos Business School (Nigeria, 1991); IDE (Ecuador, 1992); CEIBS (China, 1994); UA&P School of Business Administration (Philippines, 1995); ISE (Brazil, 1996); ESE (Chile, 1999); MDE Business School (Ivory Coast, 2003); and Strathmore Business School (Kenya, 2005), and the Timoney Leadership Institute (2019) in Ireland. The partner schools are independent and developed with local faculty and staff.

Organisation

The institution is governed by the Executive Committee and the International Advisory Board. The Executive Committee is responsible for the strategic development, faculty recruitment, programme portfolio and operations of the school. It is chaired by the dean, who in turn reports to the rector of the University of Navarra.

The International Advisory Board (IAB) and the Executive Committee of the IESE Alumni Association provide strategic guidance to the school's management on its initiatives, governance, education programmes, institutional development and corporate sponsorship.

The Supervisory Board was established in 2023 to oversee the Executive Committee and the dean in strategic planning, execution and key decision-making.

Since 1963, the IESE-Harvard Business School Committee has met annually in the United States or Europe, mainly to advise on the development of international programmes.

The International Advisory Board (IAB) analyses the global socio-economic context from the perspective of business, emerging trends, entrepreneurial and executive education needs and innovation in the field of management and leadership. IAB members are managers and academics from Europe, the Americas, Africa and Asia. Appointed by IESE's dean, they meet regularly to assess humanistic and management issues, as well as the emergence of new challenges and opportunities.

Deans

Academics

Programs

On all campuses, the institution offers the following academic programs, which had a total of 1,596 students in 2023-24: Full-time MBA (684 students), Executive MBA (687), Global Executive MBA (73), Master in Management (MiM, 118), PhD in Management (34); Advanced Management Program (AMP), Global CEO Program (GCP) in collaboration with MIT Sloan School of Management, and some others.

Research

The research in particular business areas is conducted through chairs with leading companies and foundations, including Abertis, Alcatel-Lucent, Banco Sabadell, CaixaBank, Banco Santander, Indra, Nissan, SEAT, Puig, Schneider Electric, and Intent HQ.

Research is also carried out in different centres, led by professors and with a team of researchers. Companies and specialised organisations collaborate with them: Center for Business in Society, Center for Corporate Governance, Center for Globalization and Strategy, Center for Innovation Marketing and Strategy (CIMS), Center for International Finance (CIF), Center for Public Leadership and Government, Center for Research in Healthcare Innovation Management, Entrepreneurship Innovation Center, Institute for Media and Entertainment, International Center for Logistics Research, International Center for Work and Family, and Public-Private Sector Research Center.

In 2021, the institution launched the Institute for Sustainability Leadership (ISL) to promote the exchange of knowledge and experience between the academic and business worlds. The ISL, led by Professor Fabrizio Ferraro, is generating knowledge on the monitoring and measurement of green targets, governance systems for sustainable cities and financial instruments for impact investment. In 2025, IESE created the Business Leadership and the Future of Work Chair position sponsored by the Joaquim Molins Figueras Foundation.

Reputation and rankings

IESE is certified by the Association to Advance Collegiate Schools of Business (AACSB), Florida, the EFMD Quality Improvement System (EQUIS), Brussels, and the Spanish ANECA.

It consistently ranks in the top five of international rankings for executive education, MBA, and Executive MBA programs. Its Global MBA was ranked third in the world by the Financial Times in 2025 and first among European business schools. The Executive MBA was ranked fourth globally in the FT Executive MBA Ranking 2024 and second worldwide in the QS Executive MBA Rankings. 2025.{{Infobox business school rankings

Alumni

The first alumni chapter was that of Catalonia, created in 1961. Regional groups for Valencia (Levante), Mallorca (Balearic Islands) and Madrid were established soon after, followed by Aragon (1973), Andalucia (1975), and Galicia, La Rioja, the Basque Country and Navarre (1986). The Argentine-Uruguayan chapter became the first foreign chapter in 1986; the U.S. alumni chapter was set up in 1987. In Warsaw (Poland) the alumni chapter is very significant, with 643 members in 2024.

In 2021, an alumni meeting held at the expanded Madrid campus was attended by more than 5000 executives and business people.

Notable alumni

• Prince Louis, Duke of Anjou, Legitimist claimant to the throne of France and Navarre and relative of the Spanish royal family
• Juan Antonio Samaranch, Advanced Management Program AMP - 1962, former president of the International Olympic Committee
• Ibukun Awosika, chairman, First Bank of Nigeria
• Antonio Brufau Niubó, CEO and chairman of the multinational oil and gas company Repsol
• Lucía Casanueva, founder and CEO of Proa Comunicación
• Joan Clos, former mayor of Barcelona
• Francisco García Paramés, former CEO of Bestinver
• Cristina Garmendia, former Minister of Science and Innovation for the Spanish Government
• Manel Guillen, businessman, lawyer and activist investor
• Marek Kamiński, explorer, author and entrepreneur
• Ana Maiques, CEO, Neuroelectrics
• Janne Haaland Matláry, Norwegian political scientist, writer, and politician
• Vicente Lopez Ibor Mayor, former commissioner of the Spanish National Energy Commission
• Diana Mondino, Argentinian Foreign Minister in the elected government of Javier Milei
• Jorge Moreira da Silva, ex-Minister of Environment, Territorial Planning and Energy in Portugal
• Sheila Mwarangu, civil and structural engineer
• Hans van der Noordaa, chairman and CEO of the Retail Division, ING Netherlands and ING Group N.V
• Luis Enrique Yarur Rey, president, Banco de Crédito e Inversiones (BCI)
• Miguel Sanz, General Management Program GMP - 1997, Navarre former president of the Government, Spain
• Rafael Tamames, entrepreneur and author, founder of the customer and brand experience consultancy Findasense
• Pablo Tovar, senior management coach, a fellow of Oxford Leadership
• Cristina García-Orcoyen Tormo, politician
• Camille Villar, politician, member of the Philippine House of Representatives

References

Bibliography

• Canals, J. (2016). IESE's global development: the purpose and impact of the Harvard Business School-IESE committee. IESE's global development, 1-108. Universidad de Navarra.

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