Don't know about IE and Oxford quite yet. IE is better ranked in every publication, Oxford is something that I personally prefer. I clearly know ways that it would help me with my education and career goals. I haven't applied to scholarships at IE yet. At Oxford there is nothing else to look forward to other than the Said school scholarship. There is going to be some soul searching, crowdsourcing of ideas/advice over the next week or two.
I have been a member of the FB group for a while now. In fact, I think I joined right after applying. Even if I wasn't admitted, it wouldn't have hurt to get to know bunch of smart people. The admins had let me in kindly. Someone whose namesake is a chief minister in India should have got an friend request from me. If you read this here, now you know who I am.
@nominomi - I remember you from INSEAD pages. Congratulations. Now, which one its gonna be? :D
@coolwolf, @buda, @anil @mosquad @shamanth - congratulations.
@jimdavis - IE and IESE are great schools. IESE is all case based, is modelled after HBS. Some of its faculties are considered thought leaders in business world the world over. IESE is two years and for that reason alone I have not applied to it. IE is a great school with an entrepreneurial spirit and intense curriculum. These two schools along with ESADE have a phenomenal reputation in LatAm countries and Europe. In Asia and US, both IE and IESE are very well regarded as well.
As mosquad has mentioned Said carries the Oxford name with it. That alone is worth $$$$. If you are changing geographies, or are looking for doors to be opened in remote places, the network will be immensely helpful. The collegiate experience at Oxbridge is quite unique as well.
Its a personal decision for everyone. Don't just go by rankings. You are not going to go around announcing that you went to a top 3 business school or top 10 business school. First and foremost its about education, then its about your own individual career goals and finally the experience. Look at what suits you best.