IESE obtained revenues of nearly 92.2 million euros during the 2014-2015 year – up more than 4 percent on the previous year.
This growth is mainly down to the custom programs IESE develops for companies, which grew 20 percent and account for one third of the turnover of IESE´s Executive Education offering. So says IESE’s Annual Report.
Noteworthy also is the 3.4 million euros that IESE has earmarked for scholarships for students and executives from developing and emerging countries – especially women. Some of this money has been put towards the training of managers and directors of NGOs, as well as the training of 47 young professors (doctoral students) from 24 emerging countries.
Revenues from all of IESE programs came to € 83.1 million this year compared to €79.6 million last year. Of this total, €39.1 million are from MBA programs and €45.3 million from Executive Education programs – with the Custom Programs for companies showing the most significant growth. Some of the top programs delivered have been to the likes of Oracle, Airbus, BMW, L'Oreal, Nestle, Telefonica and Danone.
Regarding the MBA programs, 50 percent of the income from these types of program has been generated by our Full-time MBA. Last year it comprised of 560 students – 80 percent of them non-Spanish and from 60 countries.
In addition, IESE spent approximately €13 million funding research projects carried out at 20 research centers and 14 IESE chairs. The result is more than 400 investigative papers and published documents of international importance.
The annual report contains several highlights of the past year:
• The celebration of the 50th anniversary of the IESE MBA, with events in 24 countries on four continents.
• The opening of the Munich campus, after over a decade of IESE providing learning and development for professionals in Germany.
• The graduation of the first Global Executive MBA class which started in New York.
• The publication of 87 new business cases, 62 technical notes and 96 articles in journals and magazines.
• In collaboration with the UN, the launch of the Specialist Centre for Public-Private Partnerships in Smart and Sustainable Cities.
• The defense of ethics in business management through programs such as "Leading Organizations: Systems, Values and Ethics," internships in organizations such as UNICEF and international conferences: 4th Conference on Management and Christian Humanism and Doing Good & Doing Well.
• The improvement of corporate governance in companies with programs like "Value Creation Through Effective Boards," delivered in conjunction with Harvard Business School.
• The support of women in leadership and professional development of women through the International Center for Work and Family (ICWF), directed by Prof. Nuria Chinchilla. And programs such as "Women on the Board of Directors" and "Women in Leadership Program".