IE Focus | By Patricia Gabaldón, Professor at IE Business School The hypothetical decision to bring back the peseta would not address the real problems currently dragging Spain down, namely its level of competitiveness. All it would do is put off the inevitable, and meantime we have a lot to lose. As with any kind…Details
How is life on a university campus? This very simple but broad question many of our IE University candidates are asking to their families, friends and within their social media networks. In order to provide that “real life experience” as a kind of teaser or warm-up, IE University invites the admitted candidates to come to…Details
Have you ever thought of crossing a (virtual) river in the middle of a classroom? – That was one of the Masters in Management student’s challenges in their Project Management class. This entertaining game is made up of two rival teams whose objective is to cross the river by foot. The “river” is basically a…Details
We are very happy to invite you to this IE Webinar where IE Economics professor Gayle Allard who will be discussing the world economics after the crisis. During this Webinar you will be able to have a real class experience while you are in your office, at home or at the coffee shop next door.…Details
Some incoming students of IE Business School are among the lucky people who can enjoy IE’s new facilities which will be launched in September this year. Flexible spaces, new innovative lounge areas for team work and host of the IE’s own start-up incubator provide an inspiring and entrepreneurial learning space – with your own Starbucks…Details
IE Business School has been ranked the No. 1 business school in the world by the QS Distance Online MBA Ranking, an international survey conducted by QS Intelligence Unit.
The ranking examines the quality of online, distance and blended MBA programs, and is based on criteria that include the employability of graduates, student profiles, levels of diversity, faculty, academic experience and international accreditations of the MBA program.
The ranking reflects the fact that in 2008 4.4% of MBA program candidates were interested mainly in online and distance MBAs, rising to 15.6% in 2012. Nunzio Quacquarelly, editor of the Top MBA Careers Guide, said that the attraction of this type of MBA is growing among candidates and recruiters, who recognize the value of such programs run by prestigious schools. “This new ranking provides a snapshot of a sector that is evolving fast. It’s a new tool that will help students select an MBA program.” Newton Campos, Director of Admissions for Blended Programs at IE Business School, says that there has been a major shift in the mentality of businesses, particularly in innovative, high-tech companies that operate online. “These firms prefer graduates from our blended MBAs, which combine online and onsite learning, to traditional face-to-face programs. Recruiters realize that these graduates have the profile and skills they need.”Details
IE Business School just announce that from September 2012 IE Business School´s entrepreneurs will have a physical co-working space from where to launch their global startups. IE Business School via it Centre for International Entrepreneurial Management has kept its finger on the pulse of the startup scene in Spain producing multiple high growth potential spin…Details
Are you passionate about what you are doing? You should… but it’s always good to have some others to regain your passion. This was the objective of the recent IE workshops “Passport to Passion” in Seoul and Tokyo. Professors Paris de L’Etraz and Professor Mario Alonzo Puig provided a three and half hour training session…Details
Influenced by its core values – innovation, diversity, entrepreneurship and social responsibility – IE Business School has created an online competition to determine the most brilliant minds of the world. Test yourself, challenge others and compete to become the “one and only of the “IE Beautiful Minds Challenge” on Facebook.
IE Focus || By Javier Vega, Professor at IE Business School
A famous New York University professor has predicted that the Spanish finance system saga will end in tears and that Spain will be out of the Eurozone within two years. What is the reasoning behind such a prediction?
Professor Nouriel Roubini of New York University, famed as one of the soothsayers who foresaw the US real estate crisis, landed a few days ago at the offices of Financial Times with the prediction that Spanish Banks were going to need between one hundred and two hundred and fifty billion to meet the requirements of the competent authority – based in Switzerland, naturally – of 9% of the capital. Moreover he declared that Spain could leave the Euro in one or two years.
“I once had a broken watch that gave me the correct time twice a day”, said the popular Mr Roubini. Journalists from accredited media informed, on the same Friday, that the number of potentially toxic real estate assets now stood at one hundred and forty billion, not counting those of Bankia and BFA, which are already covered by the state, and that provisions in place to support them stood at fifty billion. This means that if all the Spanish real estate assets were worth nothing, some ninety billion would have to be deducted from banking profits. Banks and saving banks should have recurring annual profits of some 20 billion Euros, and not all real estate assets are going to be worth absolutely nothing, unless there is something they are not telling us and the 9% isn’t mandatory. This means that in two or three years the Spanish banking system would be as clean as a whistle. Then, as long as you and your fortune tellers don’t also think that the 10% of the remaining loans (1.2 trillion) are going to become bad debts, just exactly where is Roubini Global Economics Consulting getting that magic figure from? Basically we don’t know, but it is certainly serving its purpose, which is to put the frighteners on us.Details
IE Business School has further consolidated its position as No. 2 school worldwide in finance according to the latest ranking of Masters in Finance published by Financial Times.
IE achieved this result for the second year running in the pre-experience category with its full-time English-taught Master in Finance, aimed at young professionals with an international profile. The student body of IE’s Master in Finance comprises 95% international students from 26 countries, with an average GMAT score of 680. They will complete the program at the end of this month to start work in international companies that include Morgan Stanley, Merril Lynch, Jefferies, Barclays Capital and Rothschild. The Master is the first program in Spain to be made a CFA (Chartered Financial Advisor) program partner, the leading international endorsement for financial analysts.
“The financial sector needs specialized profiles with an international focus,” says Ignacio de la Torre, Director of Masters in Finance at IE Business School. “IE’s finance programs equips students with this type of education, and our graduates go on to work in firms like Goldman Sachs, UBS, Morgan Stanley, Credit Suisse, and Nomura, and in emerging economies that offer enormous potential given the accelerated development of their capital markets”.Details
More than 240 teens enrolled in the International Baccalaureate (IB) Diploma Programme (DP) are scheduled to descend on Segovia July 1, in advance of the opening of the first-ever IB World Student Conference. One of two IB conferences to be held this July, the Segovia event, located on the IE University campus, provides a venue for extracurricular learning in a collaborative environment amidst like-minded youth eager to dive into a rich intercultural experience with their peers.
The teens will participate in five days of chaperoned activities that support examination of global engagement through social entrepreneurship, and which enable them to advance their personal Creativity, Action and Service (CAS) projects, a prerequisite to earning the IB Diploma. All registrants, aged 15-17, are enrolled in the IB Diploma Programme; conference participants hail from dozens of countries, from Spain and as far away as Australia, Canada, China, France, India, Japan, Mexico, Singapore, the Netherlands, the United States, and the United Kingdom.. The IB World Student Conference at IE University runs from July 2-6.
During their week on the IE campus, a magnificent convent from the XV Century, conference-goers will devise innovative action plans to tackle the world’s most pressing problems. They will work in Global Action Teams to advance grass-roots social entrepreneurship projects that focus on Culture, Ecology, Social Justice, and Sports.
“Diploma Programme students are characteristically inquisitive, thoughtful, open-minded, caring, reflective, and pro-active,” says Jeffrey Beard, IB Director General. “These particular DP students are exemplary in that they also exhibit courage, a strong global-community spirit, and uncommon initiative in taking big steps towards personal growth, strengthened leadership, and independence. Their work during this conference,” Beard adds, “is sure to reap tremendous rewards for them, individually and collectively. Many of them expect their Segovia connections to last long-term and their learning experience to lay a foundation for future global entrepreneurial endeavors.”Details
Sometimes the best thing about life is that you can decide to change it from one day to another. Although the step of taking this turn into an unknown future might be as scary as it appears seductive and adventurous, people rather procrastinate and let their indecisive nature take over; time passes and all the…Details
As the new president of the IE Alumni Association, Fernando Barnuevo (IMBA1985) hopes members will be proud of having belonged to IE and that they will continue as part of the institution as alumni, with a permanent vocation for learning and enterprise. From his position as managing director of the merchant bank Kleinwort Benson, he insists on an approach that is always customer-focused, where success is invariably defined accordingly.
What are the main reasons that led you to accept the presidency of the IE Alumni Association?
As you grow, you realise that you receive much more in life when you give. You receive the satisfaction of a job well done, respectful affection and, above all, the pride of putting others first. You put that vocation for service into practice in a very special way when you are at the fore of an association in which the main aim is basically to help others. For me, as a member of the banking world in which everything has a financial consideration, it is a motive of honour and happiness to be able to do something for others without expecting anything in exchange.
In the mid-term, what are the main challenges you wish to deal with?
The Association has to make sure its members are proud of having belonged to IE as students and of forming part of the institution as alumni. Ultimately, success will be measured by the capacity for creating a “pride of belonging” that nourishes a professional support network in which we all feel we are owners of IE’s success. Undoubtedly, that success or failure is everyone’s responsibility.
In an environment as competitive as the financial world, are more lessons learned from success or from failure?
The capacity for failing without falling into despair or succeeding without arrogance is an absolute triumph. The great lesson lies in that balance. One learns from the humility of undergoing both situations without forgetting who you really are. Personally, I have made many mistakes and I still have a lot to learn.