Head to head
IESE Business School vs Esade Business School
The IESE Business School and Esade Business School Master in Management programs, compared side by side on the numbers that decide it — ranking, fees, salary, selectivity and class profile.
| Metric | IESE Business School | Esade Business School |
|---|---|---|
| FT ranking 2025 | #16 | #24 |
| QS ranking 2025 | #11 | #12 |
| Tuition | €52,000 | €37,500 |
| Median salary | $114k | $117k |
| Employment rate | 97% | 91% |
| GMAT range | — | — |
| Duration | 11 months | 15 months |
| Class size | — | — |
| Average age | 23 | — |
| International | — | — |
| Female | — | — |
| Location | Madrid, Spain | Barcelona, Spain |
The short version
- On the Financial Times 2025 ranking, IESE Business School (#16) sits ahead of Esade Business School (#24).
- On graduate salary, Esade Business School leads at $117k.
- On tuition, Esade Business School is the more affordable option at €37,500.
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.
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Frequently asked
Is IESE Business School or Esade Business School ranked higher?
- On the Financial Times 2025 Masters in Management ranking, IESE Business School places #16 and Esade Business School #24, so IESE Business School 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, IESE Business School or Esade Business School?
- Tuition is €52,000 at IESE Business School and €37,500 at Esade Business School. Compare like for like before concluding — headline tuition can mix EU/EEA and non-EU rates — and add living costs in Madrid versus Barcelona, since the lower tuition is not always the cheaper city overall.
Which has higher graduate salaries, IESE Business School or Esade Business School?
- Esade Business School reports the higher graduate salary ($117k) against $114k at IESE 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 IESE Business School or Esade Business School?
- IESE Business School generally expects a GMAT or GRE; Esade Business School has an admission route that does not require a GMAT or GRE. 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 IESE Business School or Esade Business School?
- There is no universal winner. The right pick depends on your target career, where you want to live and work (Madrid, Spain versus Barcelona, 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.