Head to head

HEC Paris vs IE Business School

The HEC Paris and IE Business School Master in Management programs, compared side by side on the numbers that decide it — ranking, fees, salary, selectivity and class profile.

HEC Paris
IE Business School
FT ranking 2025
#2
#27
QS ranking 2025
#1
#7
Tuition
€57,700
€51,200
Median salary
$142k
$95k
Employment rate
99%
88%
GMAT range
640–730
605–755 (avg 660)
Duration
24 months
15 months
Class size
400
639
Average age
23
24
International
40%
91%
Female
48%
47%
Location
Jouy-en-Josas, France
Madrid, Spain

The short version

  • On the Financial Times 2025 ranking, HEC Paris (#2) sits ahead of IE Business School (#27).
  • On graduate salary, HEC Paris leads at $142k.
  • On tuition, IE Business School is the more affordable option at €51,200.
  • Geographically they are a different bet entirely: HEC Paris in France, IE Business School in Spain.

Rankings and salary are only part of the decision — fit with your target career, location, language, and cost of living usually matter more. Read each program in full before deciding.

Frequently asked

Is HEC Paris or IE Business School ranked higher?
On the Financial Times 2025 Masters in Management ranking, HEC Paris places #2 and IE Business School #27, so HEC Paris ranks higher. A few places on one table rarely settle the decision, though — programme fit, location and cost usually matter more than the gap.
Which is more affordable, HEC Paris or IE Business School?
Tuition is €57,700 at HEC Paris and €51,200 at IE Business School. Compare like for like before concluding — headline tuition can mix EU/EEA and non-EU rates — and add living costs in Jouy-en-Josas versus Madrid, since the lower tuition is not always the cheaper city overall.
Which has higher graduate salaries, HEC Paris or IE Business School?
HEC Paris reports the higher graduate salary ($142k) against $95k at IE Business School. Treat headline salary figures as indicative: they reflect each cohort's industry mix and how the school surveys alumni as much as raw earning power.
Do you need the GMAT for HEC Paris or IE Business School?
HEC Paris generally looks for around 640–730; IE Business School generally looks for around 605–755 (avg 660). Test policies change each cycle, so confirm the current requirement on each school's own admissions page before assuming you can skip it.
Should I choose HEC Paris or IE Business School?
There is no universal winner. The right pick depends on your target career, where you want to live and work (Jouy-en-Josas, France versus Madrid, Spain), the language of instruction, and your budget. Read both full profiles, weigh fit over a handful of ranking places, and if you are still torn, our admissions guide walks through building a shortlist you can defend.