FT MBA: IESE (Spain) vs McCombs (USA)


Rena

Hello!

Right know I have the difficult decision of choosing an MBA Program. I was accepted into 2 Schools from the United States and 2 european schools. I have already narrow my decision to IESE (Barcelona) and McCombs (Austin - Texas).

I know that IESE has a better ranking in comparison to McCombs, but the latter has a better location in terms of job opportunities.

I wanted to ask you your opinion about these 2 schools.

A little background about me: I've worked in the banking industry for 8 years (financial planning, corporate credit risk) and come from a Latin American country. Right now I'm looking to advance in my career and explore other industries. If I have to the chance to work abroad it would be an amazing opportunity, but if I've return to my country of origin, I'm still ok with that.

Thanks in advance!

Hello!

Right know I have the difficult decision of choosing an MBA Program. I was accepted into 2 Schools from the United States and 2 european schools. I have already narrow my decision to IESE (Barcelona) and McCombs (Austin - Texas).

I know that IESE has a better ranking in comparison to McCombs, but the latter has a better location in terms of job opportunities.

I wanted to ask you your opinion about these 2 schools.

A little background about me: I've worked in the banking industry for 8 years (financial planning, corporate credit risk) and come from a Latin American country. Right now I'm looking to advance in my career and explore other industries. If I have to the chance to work abroad it would be an amazing opportunity, but if I've return to my country of origin, I'm still ok with that.

Thanks in advance!
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DACHMBA

Want to work in Europe / LATAM / UAE: IESE
want to work in US: McCombs

IESE is Elite in Europe 
McCombs is very good in US

for me it really boils down on region where you want to end up + if you are looking in specific careers (e.g. MBB) where IESE might have a leg up (although again primarily in their Euro-Offices)

Want to work in Europe / LATAM / UAE: IESE<br>want to work in US: McCombs<br><br>IESE is Elite in Europe&nbsp;<br>McCombs is very good in US<br><br>for me it really boils down on region where you want to end up + if you are looking in specific careers (e.g. MBB) where IESE might have a leg up (although again primarily in their Euro-Offices)
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Andy776

Hard pick but I would pick McCombs because salaries in the US are higher than you will ever find. 

Hard pick but I would pick McCombs because salaries in the US are higher than you will ever find.&nbsp;
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Duncan

Iese MBAs have higher salaries than McCoombes. Look at the FT ranking for salary data. 

Iese MBAs have higher salaries than McCoombes. Look at the FT ranking for salary data.&nbsp;
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Andy776

Duncan short maybe but long term no way (and if you include tax even less)! 

Duncan short maybe but long term no way (and if you include tax even less)!&nbsp;
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MKennedy

I would go with IESE.  Primarily because:

1) You're probably a native Spanish speaker so can easily get a job in Spain. 
2) Spain will grant citizenship to Latin Americans (Spanish colonies) who live/reside/work in Spain for just 2 years.  This will give you an EU passport which will be very valuable if you plan to stay there. 
3) IESE probably has a larger network in Latin America than McCombs. 

In terms of salary info, I would not suggest using FT as a resource since it uses converted PPP data.  The numbers there are not real US dollars but adjusted dollars.  This creates distortions in the salaries if compared across countries.  Does any person really believe that IIM-A grads have higher salaries than INSEAD or Northwestern?  Or does it make sense that FT says CEIBS grads make more than London Business School grads?  That's all inaccurate since the PPP conversion factors use local baskets of goods to make comparisons, which is not the same as the typical consumption of an MBA grad. 

If you need salary data, go to the school's actual websites.  At IESE, the median salary for those who stay in Spain is 65K Euro or around US$74K, which is pretty low, especially if you stay in Barcelona. 

https://media.iese.edu/upload/EmploymentReportClassof2017.pdf

You will get a lot more money after McCombs, but given the visa issues in the US combined with the guaranteed EU citizenship in Spain, I would choose IESE. 

[Edited by MKennedy on Jan 15, 2022]

I would go with IESE.&nbsp; Primarily because:<br><br>1) You're probably a native Spanish speaker so can easily get a job in Spain.&nbsp; <br>2) Spain will grant citizenship to Latin Americans (Spanish colonies) who live/reside/work in Spain for just 2 years.&nbsp; This will give you an EU passport which will be very valuable if you plan to stay there.&nbsp; <br>3) IESE probably has a larger network in Latin America than McCombs.&nbsp; <br><br>In terms of salary info, I would not suggest using FT as a resource since it uses converted PPP data.&nbsp; The numbers there are not real US dollars but adjusted dollars.&nbsp; This creates distortions in the salaries if compared across countries.&nbsp; Does any person really believe that IIM-A grads have higher salaries than INSEAD or Northwestern?&nbsp; Or does it make sense that FT says CEIBS grads make more than London Business School grads?&nbsp; That's all inaccurate since the PPP conversion factors use local baskets of goods to make comparisons, which is not the same as the typical consumption of an MBA grad.&nbsp; <br><br>If you need salary data, go to the school's actual websites.&nbsp; At IESE, the median salary for those who stay in Spain is 65K Euro or around US$74K, which is pretty low, especially if you stay in Barcelona.&nbsp; <br><br>https://media.iese.edu/upload/EmploymentReportClassof2017.pdf<br><br>You will get a lot more money after McCombs, but given the visa issues in the US combined with the guaranteed EU citizenship in Spain, I would choose IESE.&nbsp; <br>
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Andy776

Great comment above. Saying that IESE grads earn more than McCombs grads is wrong as it adjusts to PPP. I would still vote the US as almost all the management of large companies is there and not in Spain. Ok, you can go for Spanish firms but almost none have a dominant multinational presence (except Inditex and a few others). 

[Edited by Andy776 on Jan 15, 2022]

Great comment above. Saying that IESE grads earn more than McCombs grads is wrong as it adjusts to PPP. I would still vote the US as almost all the management of large companies is there and not in Spain. Ok, you can go for Spanish firms but almost none have a dominant multinational presence (except Inditex and a few others).&nbsp;
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