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asmirnova
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Calling al IE IMBA Nov 2011 Applicants! 22 Mar 2011, 13:57
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Just thought I'd introduce myself here. I am also going to be joining the IMBA November 2011 intake. :-D
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 22 Mar 2011, 14:26
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asmirnova
Just thought I'd introduce myself here. I am also going to be joining the IMBA November 2011 intake. :-D
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Welcome and congrats!
What's your profile?

Posted from my mobile device
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asmirnova
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Calling al IE IMBA Nov 2011 Applicants! 22 Mar 2011, 14:39
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mertvye
asmirnova
Just thought I'd introduce myself here. I am also going to be joining the IMBA November 2011 intake. :-D
Welcome and congrats!
What's your profile?

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Female, 27. From Boston, USA. GMAT 710. Background mostly in software (engineering and management) and some entrepreneurship (Dance and Fitness).
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satishiitg
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Calling al IE IMBA Nov 2011 Applicants! 23 Mar 2011, 18:30
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Can some one in the group please share about Funding part..? How are you guys going about it?
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 24 Mar 2011, 10:17
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satishiitg
Can some one in the group please share about Funding part..? How are you guys going about it?
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That's the same that I'm thinking about...
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Canelon
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Calling al IE IMBA Nov 2011 Applicants! 24 Mar 2011, 10:40
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mertvye
satishiitg
Can some one in the group please share about Funding part..? How are you guys going about it?
That's the same that I'm thinking about...
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The thing is that it really depends on the country you're in. I'm applying for loans from the mexican government and banks; I dont think it'll be usefull to you... :?

I recommend that you dig into any kind of programs your government has to help students get a masters degree... and check the banks as well (although I think that for a bank loan, the best is to apply to Spanish banks that have an agreement with IE: Caja Madrid and Caja March).

Good luck!!
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Jiang
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Calling al IE IMBA Nov 2011 Applicants! 24 Mar 2011, 18:09
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try https://financialaid.blogs.ie.edu/ and https://financialaid.ie.edu/default.aspx?idioma=eng

For band loans, i prefer Spanish ones. There is no way for me to take any loan at Australia, rates here are ridiculous!!
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 29 Mar 2011, 04:17
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Hello,

In addition to me, is anyone from the forum attending the IE Weekend Experience?

Bye.
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noamk
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Calling al IE IMBA Nov 2011 Applicants! 30 Mar 2011, 06:46
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Hi,
I see in the IE website (https://imba.ie.edu/after_enrolment.php) that they estimate the monthly expenditure at 1620 - 2220 Euro. Does anyone know how real these numbers are? Also, if anyone has monthly estimations for a family (I will be arriving with a wife and child), that would be great.

Thanks
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 30 Mar 2011, 07:19
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noamk
Hi,
I see in the IE website (https://imba.ie.edu/after_enrolment.php) that they estimate the monthly expenditure at 1620 - 2220 Euro. Does anyone know how real these numbers are? Also, if anyone has monthly estimations for a family (I will be arriving with a wife and child), that would be great.

Thanks
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1620 is very low for a pair and only it could be feasible by sharing a flat.

I'm estimating 2400 euros/month for my wife and me.

Some figures:

800-900 euros for flats in good neighbourhoods of South Madrid. You'll need to go by Metro to IE around 20-30 minutes
or
1100-1300 euros for flats within walking distance to IE

In both cases utilities not included.

ADSL&phone (includes fixed lines calls and some mobile) +/- 40 euro/month (there are cheaper but they are not recommended for only one year)
Electricity 30-60 euros/month
Gas 20-80 euros month (depends hardly on the month)
Water no idea

200-400 monthly allowance for lunch and snacks (depending on personal circumstances) and excludes dinners

Madrid is not expensive in comparison to other capitals, but it will depend on the places the students decide to go. You can dine fairly good for 15 euros as well as for 150 euros.

I don't know how much you should add for a kid.

Mmm I saw once a website that compares prices from different cities according to a few variables and data gathered from users. I'll try to look for it again.

If you need something more detailed as of Spain, just ask me.

Bye.
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Calling al IE IMBA Nov 2011 Applicants! 30 Mar 2011, 07:54
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mertvye
noamk
Hi,
I see in the IE website (https://imba.ie.edu/after_enrolment.php) that they estimate the monthly expenditure at 1620 - 2220 Euro. Does anyone know how real these numbers are? Also, if anyone has monthly estimations for a family (I will be arriving with a wife and child), that would be great.

Thanks

1620 is very low for a pair and only it could be feasible by sharing a flat.

I'm estimating 2400 euros/month for my wife and me.

Some figures:

800-900 euros for flats in good neighbourhoods of South Madrid. You'll need to go by Metro to IE around 20-30 minutes
or
1100-1300 euros for flats within walking distance to IE

In both cases utilities not included.

ADSL&phone (includes fixed lines calls and some mobile) +/- 40 euro/month (there are cheaper but they are not recommended for only one year)
Electricity 30-60 euros/month
Gas 20-80 euros month (depends hardly on the month)
Water no idea

200-400 monthly allowance for lunch and snacks (depending on personal circumstances) and excludes dinners

Madrid is not expensive in comparison to other capitals, but it will depend on the places the students decide to go. You can dine fairly good for 15 euros as well as for 150 euros.

I don't know how much you should add for a kid.

Mmm I saw once a website that compares prices from different cities according to a few variables and data gathered from users. I'll try to look for it again.

If you need something more detailed as of Spain, just ask me.

Bye.
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Thanks mertvye for the helpful estimations. There are, of course, other expenses to consider. I suppose that I will be able to come up with a decent estimation from your numbers. And I will also look for the website you referred to. If I know what my general expenditure pattern is right now, I can try to convert it (or parts of it) to Madrid.
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 10 Apr 2011, 23:59
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Hello,

I was this weekend attending the IE Experience event and I'd like to share my thoughts about it with you.

This is an event that took place for the first time, but that likely will be repeated but I don't know if over this year or the next one. It was a superb marketing event focused on hot shots that IE didn't want to lose over other schools.

There were 3 italians, 1 londoner, 1 german, 2 from New Zealand, 1 Egyptian, 1 Turkish, a few from the USA, me (Spanish) and maybe someone I forgot (sorry). From McK, Komerzbank, Ernst&Young, ...

About the prospective students, many of them were convinced to study at IE before the event and also many of them had a special interest in Spain and South America. A few of them were considering to start a company after the MBA.

The event was very interesting as it included many opportunities to network with current students (from the April 2009 intake) and with many alumni from all backgrounds: entrepreneurs, Spaniards, South American, North Americans, French, Italians, ... They were mainly those who finished at 2007 and 2008, when the crisis had its worst moments.

Obviously all the alumni work currently in Spain.

In addition we sat in a master class by Erik Shlie. It was impressive. And I have hands-on experience with a master class in INSEAD and two real classes in IMD and this from IE I liked it much more, though it was tailored to market the school.

Before attending the event I had concerns about post MBA jobs and salaries because even being Spanish my goal is to start a company or to get a job abroad.

The feedback from the alumni was good enough that it's completely feasible to land a good job but that there are two things to consider: you must be very active at job seeking from the beginning of the MBA and you must bear in mind that knowledge of the local language is a must for many European countries (Spain, France, Germany, ...).

Of course we discussed the issue of not having an EU visa permit and I was warned that this is THE real problem and though some people were able to circumvent it, it would depend on how irreplaceable are as a candidate for future jobs.

Another important note for me was to meet an alumnus which after the IMBA changed from M&A to IB. Although finance is not my desired goal, it was an important point for me to see that IMBA has a established well reputation and it will depend only on you to get your dream job.

I also knew that there are already above 100 students who paid their confirmation fee for the November intake.

If you have concrete questions do not hesitate to ask me.

Bye.
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Calling al IE IMBA Nov 2011 Applicants! 11 Apr 2011, 03:26
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thx mertvye this was a really nice reply! I was invited to this weekend experience too but unfortunately I couldn't attend it!! although I really wanted to be part of it!

I am new here so I guess I should introduce myself. I have been admitted to the November 2011 intake for the IMBA too since December! I just found out this very interesting blog!! and so happy I did!:)

profile: F/ME/4 yrs experience/Finance+consulting/gmat 690

I applied for a scholarship since February but my application wasn't processed until last week. I should get an answer soon! crossing my fingers because this is really important to me!

Does anyone have any idea of external scholarships. I did lots of research but didn't find anything!! I am from the Middle East and have a French passport too. All the scholarship websites and help centers were mainly for US students.
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Jiang
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Calling al IE IMBA Nov 2011 Applicants! 11 Apr 2011, 18:14
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@mnivmba2012 good luck on that. I haven't submit my app yet. I guess "external" means, for example your country, or private funds etc?

@mertvye any words for Asia? :)
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mnivmba2012
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Calling al IE IMBA Nov 2011 Applicants! 11 Apr 2011, 22:18
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yes external means something related to my nationality or anything outside the IE foundation.

I got an email yesterday saying that they won't give me any aid.. I was so disappointed!!

I think i'm gonna send an email so they reconsider my case although I'm not sure how feasible this is..
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Calling al IE IMBA Nov 2011 Applicants! 13 Apr 2011, 02:03
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I'm starting to stress out a bit! I had my phone interview exactly 3 weeks ago. I thought it went really really well (had one with another school later that day which went terribly, but I still got offered admission there). They said they would notify me within 2-3 weeks about whether I've been admitted and I still haven't heard anything! How long did it take for you guys? (I know people have posted in this forum about how long it was between the interview and decision but most of those posts are from months ago so I'm wondering if things are taking longer now that the Nov start date is getting closer.) Should I continue to stress or chill out and be patient? :) An added stress is that I need to notify the other school by next week whether I'm accepting their offer or not, but I prefer IE.
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 13 Apr 2011, 02:13
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joannabanana
I'm starting to stress out a bit! I had my phone interview exactly 3 weeks ago. I thought it went really really well (had one with another school later that day which went terribly, but I still got offered admission there). They said they would notify me within 2-3 weeks about whether I've been admitted and I still haven't heard anything! How long did it take for you guys? (I know people have posted in this forum about how long it was between the interview and decision but most of those posts are from months ago so I'm wondering if things are taking longer now that the Nov start date is getting closer.) Should I continue to stress or chill out and be patient? :) An added stress is that I need to notify the other school by next week whether I'm accepting their offer or not, but I prefer IE.
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I understand you. From my experience it took almost 2 and a half week after the interview but 4 weeks to be invited to the interview. You'll hear back from them soon, but in any case you could ask them to speed up the process telling about the other school. BTW which is it? and what's your profile?
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Calling al IE IMBA Nov 2011 Applicants! 13 Apr 2011, 02:17
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Yeah, I emailed them two days ago and they haven't replied. It's strange, usually they reply very quickly to my emails.

The other school is UBC (in Canada) it was kinda my backup school. My profile is Female, 30, from Canada, GMAT 730, spent 5 years in software, and have spent the past year volunteering in Africa.

I've also applied to INSEAD which is my first choice, but their admission offers won't be given out until late June, bleh!
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mertvye
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Calling al IE IMBA Nov 2011 Applicants! 13 Apr 2011, 02:22
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Jiang

@mertvye any words for Asia? :)
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@Jiang sorry for the delay, this question slipped my mind. I don't have any specific info about Asia but few facts such as that the most represented nationality in the April 2010 intake is South Korean.

Apart from that nothing specific. I'm sorry. Did you join the programme already or are you still thinking?
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keeto702
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Calling al IE IMBA Nov 2011 Applicants! 16 Apr 2011, 01:51
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joannabanana
I'm starting to stress out a bit! I had my phone interview exactly 3 weeks ago. I thought it went really really well (had one with another school later that day which went terribly, but I still got offered admission there). They said they would notify me within 2-3 weeks about whether I've been admitted and I still haven't heard anything! How long did it take for you guys? (I know people have posted in this forum about how long it was between the interview and decision but most of those posts are from months ago so I'm wondering if things are taking longer now that the Nov start date is getting closer.) Should I continue to stress or chill out and be patient? :) An added stress is that I need to notify the other school by next week whether I'm accepting their offer or not, but I prefer IE.
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@Joann I also had my I/W on 24th of March and no response from ADCOM (IE). Share your profile and did you appear for IE test or GMAT.
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