Archive for September/2011

21
Sep

The recently signed agreement provides five candidates of Free University/ESM access to a special scholarship program which will make it less costly to complete master-level studies at IE Business School. The partnership is an exclusive agreement between the two institutions.

“Free University students frequently continue their education through master degrees at leading institutions outside of Georgia, so this partnership is an ideal way to offer the country’s future leaders an opportunity to pursue a degree with a top tier academic institution such as IE,” said Marina Karchava, Vice Rector, Free University of Tbilisi.

“IE has already received impressive applications from Free University alumni and the candidates not only have exceptional academic records but portray an entrepreneurial thinking that will help them succeed in today’s multicultural business environment,” said Joël McConnell Director of IE Financial Aid. “I have no doubt that the Free University scholarship recipients will be a valuable addition to our international student body.

Awarded on a yearly basis, the five scholarships are intended to contribute to tuition fees only. They are as follows:

One scholarship of 50% for the following programs offered at IE Business School: International MBA, Global MBA (English or Spanish Track), Master in International Management, Master in Finance, Master in Advanced Finance, Master in Sports Management, Master in Digital Marketing, and the Master in Biotechnology Management program.

One scholarship of 40% of tuition fees for the following programs offered at IE: International MBA, Master in International Management, Master in Finance, Master in Advanced Finance, Global Master in Finance, Master in Corporate Communication, Master in Digital Journalism, Master in Architectural Management and Design, or the Master in Global and Environmental Change.

Three scholarships of 30% for the following programs offered at IE: Master in International Management, Master in Finance, Global Master in Finance, Master in Corporate Communication, Master in Digital Journalism, Master in Architectural Management and Design, Master in International Relations, or the Master in Global and Environmental Change.

“IE Business School offers rewarding experience in all aspects – academic, professional, social. When I decided to enroll in the MBA program, my objective was to choose a European school within the top 10 global ranking, with a one year MBA program, a diverse class, and an entrepreneurial focus. IE Business School was the only school that met all my criteria and I am very happy about my choice,” said Teona Mikadze International MBA 2009 and Head of Premium Banking (SOLO) at Bank of Georgia. “The International MBA program is definitely life-changing, it has opened my mind to many new ideas and possibilities and I am excited that this opportunity is now available to more of my Georgian peers.”

“Georgia is a very dynamic and fast developing country, so it’s no surprise that Georgian professionals desire the knowledge and skills that will enable them to build a successful career in Georgia and abroad,” said Liudmila Ishchenko, IE’s Associate Director of International Development Europe. “This new partnership with Free University will help Georgians finance their studies at IE and participate in our programs, which are based on our core values of global focus, entrepreneurial spirit and humanistic approach.”

16
Sep

As of today all newly approved loans with our lending partner Banca March will be subject to the following terms and conditions.  While we are currently updating the web site, the valid terms and conditions are the following:

  1. Maximum repayment period: Up to 10 years (120 months).
  2. Maximum grace period: Up to 2 years (24 months)
  3. Application fee: 0,25% of final amount of credit approved.
  4. Applicable rate: 12-month Euribor + 3,50 p.b. (Mminimum interest rate: 5%)
  5. Interest will be reviewed quarterly.

Los terminos de los créditos de Banca March han cambiados y todo crédito aprobado de Banca March desde hoy, día 16 de septiembre 2011, estarán sujetos a los siguientes terminos:

  1. Plazo de los préstamos: Hasta un máximo de 10 años
  2. Posibilidad de carencia de hasta 2 años
  3. Comisión de estudio: 0,25%
  4. Euribor 12 + 3,50 p.b. (Mínimo tipo de interés: 5%)
  5. Revisión semestral del tipo de interés.
14
Sep

Matthew Yglesias [sic], quoting related research (see the source paper here) claims that a disproportionate amount of scholarships go to non-hispanic, caucasian students in the US.  He also says that this has more to do with universities trying to produce more successful graduates: “It turns out to be more cost-effective to invest in recruiting better inputs. And since high school seniors from high socioeconomic status families tend to already be better-prepared for college than kids from low-socioeconomic status families, that means that financial aid resources naturally flow to the high-socioeconomic status students.”

The conclusion from both the research paper and Yglesias both seem to be that merit-based scholarships go to the better off.

Check out the full story here.

7
Sep

Attention Bachelor Degree Candidates!

If you are planning on applying for admissions to an IE undergraduate program, or have already obtained admissions and want to apply for financial assistance from IE, you will want to keep in mind the 4 rounds planned for the upcoming year.

Round I – December 15, 2011
Round II – March 15, 2012
Round III – May 15, 2012
Round IV – July 10, 2012

Different from our process with Master Degree programs, for undergraduate programs we only have 4 rounds of scholarship per year, and so the sooner you apply the better your chances of being awarded a grant are.

Remember: you must have admissions to an IE University Bachelor Degree program before applying for financial assistance from IE Financial Aid.

6
Sep

We recently got a question from an Executive MBA candidate who while an excellent profile, is finding it very difficult to pool together the funds needed to start his program at IE this Fall.  After having read through the IE Financial Aid Brochure (see it here) the candidate came to the conlcusion that Executive MBA profiles do not have access to financial assistance from IE, and this is not the case.  Read on for clarification as to the difference between Executive Education and Executive MBA programs, and for more information on aid Executive MBAs can apply for.

Why is an Executive MBA not considered Executive Education?

Executive Education, at IE Business School and most other top institutions, is the division of the institution that offers short, non-degree programs that provides training in specific topics on an as-needed basis, for managers and companies.  In contrast, Executive MBA programs are full-lenth, degree programs that cover multiple subjects and have a curriculum based on the 60-ECTS model mandated by the Bologna Accord. Conclusion: Executive Education is a separate division that offers short courses, Executive MBAs are full-length degree programs.

IE Financial Aid and Executive Education Programs

In general, Executive Education programs at IE are not eligible for assistance from IE Financial Aid with the exception of two types of programs: Top Management programs (AMP, SMP, GSMP) and Programas Superiores, and even these two types of programs only have access to student loans when the candidate is a Spanish fiscal resident.  Scholarships and fellowships provided by IE Financial Aid are not available for any Executive Education program.

IE Financial Aid and Executive MBA Programs.

All admitted Executive MBA candidates are eligible to apply for scholarships or an ieCommunities Fellowship.  Also, if the Executive MBA candidate is a Spanish fiscal resident, they can also apply for a student loan from one of our three partner banks.  Conclusion: Executive MBAs have much broader access to financial assistance because they are completing a full degree program.

Does IE Provide Financial Assistance to Executive MBA Students? Yes.

Generally we must use financial assistance funds to support more junior profiles, but every year we receive applications for assistance from excellent Executive MBA candidates from emerging markets and countries where loans and other funding are not available.  And, given the importance we place on managing the class composition because we believe it is a fundamental component of the learning and networking experience at IE, we help a limited number of Executive MBA candidates every year.  If you have an excellent profile, and bring something unique to the classroom learning environment, then apply.

1
Sep

Según la Comisión Europea, las nuevas tecnologías y más concretamente la innovación tecnológica son en estos momentos la única fuente de contribución al crecimiento. A ellas se debe la cuarta parte del crecimiento del PIB de la UE y el 40% del crecimiento de la productividad de los últimos años, lo que hace imprescindible la formación de Directivos que sepan innovar con las nuevas tecnologías.

Por ello, desde IE, como institución líder e internacional dentro de la formación ejecutiva, queremos colaborar frente a esta necesidad, con un programa de becas dirigidas a aquellos alumnos que decidan cursar el Executive Master en Dirección de Sistemas de Información, programa dirigido a la formación de Directivos capaces de convertirse en el motor de innovación de su empresa.

¿En qué consiste la Beca para el fomento del Directivo Innovador?

Plazo de solicitud: Antes del 15 de septiembre 2011
Cuantía: 4 becas de un valor de hasta 6.000€ cada una para cursar el programa en la convocatoria de octubre 2011
Requisitos: Estar admitido definitivamente en el Executive Master en Dirección de Sistemas de Información de IE
Criterios de Concesión: Excelencia académica, motivos económicos y el mejor plan para convertirte en un directivo innovador

Adicionalmente, los solicitantes de estas becas podrán optar por un préstamo a través de uno de los acuerdos que IE tiene con diferentes entidades financieras, y así poder acceder a un crédito personal para financiar el importe restante. Estos créditos ofrecen unas condiciones inmejorables a un tipo de interés a partir de Euribor+0,50%, con periodos de amortización de hasta 10 años y sin penalizaciones por amortizaciones anticipadas. Un 95% de los directivos españoles que piden estos préstamos consiguen un crédito de entre 20.000€ y 30.000€, así que a través de esta beca y el crédito, podrás financiar cerca del 100% de tu programa.

¿Qué debes hacer para aprovechar esta oportunidad?

Debes estar admitido en el programa, por lo que si no lo has hecho ya, realiza tu proceso de admisión cuanto antes comenzando por la cumplimentación de la  solicitud online. Para más información sobre el Executive Master en Dirección de Sistemas de Información visita nuestra página web: www.exmdsi.ie.edu

¡Muéstranos tu plan para convertirte en un directivo innovador! Como parte de la solicitud de beca deberás presentar una redacción de un máximo de 500 palabras con una propuesta de innovación que utilice como palanca la tecnología.

Todos los candidatos residentes en España, que a fecha 15 de septiembre, cuenten con la admisión a alguno de estos programas y hayan realizado los 2 pasos descritos anteriormente, optarán a estas becas y créditos para poder financiar su máster.

¡Aún estás a tiempo de aprovechar esta magnífica oportunidad!  Ponte en contacto con nosotros cuanto antes para así agilizar todos los trámites.

1
Sep

La coyuntura actual, ahora más que nunca, necesita directivos altamente formados. IE, como institución líder e internacional dentro de la formación ejecutiva, es la escuela de referencia que forma a estos líderes para que, no sólo impulsen el desarrollo a nivel local, sino que además contribuyan a la internacionalización de nuestras empresas en mercados globales.

Con este objetivo se ha realizado un profundo rediseño del Executive MBA, para dotar al programa de una visión más internacional y global. ¡Pregúntanos sobre la Perspectiva Global y concepto de Empresa Extendida que ha supuesto la esencia del cambio en este programa!

¿ En qué consisten las Becas “Directivos Globales de España”?

Esta bolsa de becas está dirigida a ayudar a los directivos españoles que necesitan una formación superior en gestión de empresa, pero que actualmente no cuentan con los fondos necesarios para acceder a dicha formación. Para los solicitantes que consigan una de estas becas, la ayuda será de entre el 30% y el 50% de los costes totales de la matrícula del Executive MBA con inicio en septiembre de 2011.

Adicionalmente, los solicitantes de estas becas podrán optar por un préstamo a través de uno de los acuerdos que IE tiene con diferentes entidades financieras, y así poder acceder a un crédito personal para financiar el importe restante. Estos créditos ofrecen unas condiciones inmejorables a un tipo de interés a partir de Euribor+0,50%, con periodos de amortización de hasta 10 años y sin penalizaciones por amortizaciones anticipadas.

Un 95% de los directivos españoles que piden estos préstamos consiguen un crédito de entre 20.000€ y 30.000€, así que a través de esta beca y el crédito, podrás financiar cerca del 100% de tu programa.

¿Qué debes hacer para aprovechar esta oportunidad?

Debes estar admitido en el programa, con lo que si no lo has hecho ya, debes realizar tu proceso de admisión cuanto antes comenzando por la cumplimentación de la solicitud online.

Para más información sobre:

• el Executive MBA visita nuestras página web: http://exmba.ie.edu/

Una vez que hayas recibido la admisión, los 2 siguientes pasos son:

1) Solicitar la beca Directivos Globales de España a través de la solicitud online de Ayuda Financiera: http://solicitud.ayudafinanciera.ie.edu antes del 9 de septiembre.
2) Solicitar un préstamo con uno de nuestros tres socios (Banco Sabadell, Bankia o Banca March) antes del 5 de septiembre: http://www.ie.edu/prestamos.

Las resoluciones sobre las solicitudes de becas serán comunicadas a los candidatos antes del inicio del curso.

¡Muéstranos tu plan para sacar la empresa adelante!

Como parte de la solicitud de beca deberás presentar un plan corto de globalización e internacionalización tomando como ejemplo una empresa española de tu elección. El Comité de Becas evaluará con especial cuidado solicitudes que proponen soluciones empresariales realmente emprendedoras y creativas.
¡Aún estás a tiempo de aprovechar esta magnífica oportunidad! Ponte en contacto con nosotros para así agilizar todos los trámites.

1
Sep

85 Broads Membership Recipients Selected!

Written on September 1, 2011 by Joël McConnell in Global News on Financial Aid

Thanks to the more than 130 interested women of the IE Community that applied for one of 15 available memberships to the 85 Broads network, a global professional organization for women. All selected candidates have been notified, and below is both a listing of the selection criteria used by 85 Broads and IE to choose the recipients, as well as a snapshot of the group who received memberships.

Selection Critieria for 85 Broads Membership

1) Minimum of 7 years of experience and be an alumni of an IE master or Top Management Program.
2) Speak both Spanish and English.
3) Work for a multinational, leading SME or be a stand-out entrepreneur.
4) Special knowledge or special contacts that will serve the objectives of 85 Broads and IE.
5) Commitment with the IE community
6) Live in Madrid.

Snapshot of the Membership Recipients Group

1) 10 industrial sectors represented.
2) Multinational companies: Indra, AON Corporation, BBVA, LVMH, Vitra, Roche, Catenon Worldwide, Microsoft, and Telefonica.
3) SME and entrepreneurs: Grupo Volconsa, Focus on Women.

1
Sep

Please be advised that due to new banking regulations at one of our partner organizations – Bankia – IE Financial Aid is only able to open bank accounts for IE students ahead of their arrival when the account is opened with Banca March or Banco Sabadell.  Please keep this in mind when requesting we open an account for you ahead of your arrival.

To open a bank account, as a confirmed student at IE, please contact Irina Deneanu at financialaid@ie.edu.  Keep in mind you must have paid your place reservation and signed your admissions contract in order for us to open a bank account for you ahead of your arrival.

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