IE Business School has announced the launch of the first Tech MBA in Europe, a full-time one-year program beginning in September 2020. It is meant for managers who want to develop their career in technology companies or for those who want to work in technological positions in other sectors.
The Need for Tech MBA
“In a digital, interconnected world, companies need managers with the talent and training to promote technological innovation,” says Martin Boehm, Dean of the Madrid, Spain-based Business School.
“Technology rules our lives rules the world and accelerates our capacity for innovation. Areas such as data management, artificial intelligence or automation take centre stage in corporate strategy. Our Tech MBA will equip managers to propel their business into the future,” he adds.
Vice Dean Jose Esteves says, “Our Tech MBA will provide managers with strong leadership capacity and deep knowledge of the tech industry. The Tech MBA will develop their management training and help them navigate the current and future technological environment from a global corporate perspective. These leaders will be able to integrate technology into business strategy and processes.”
Tech MBA Program Details
The Tech MBA will be a full-time, one-year program at the School campus in Madrid with two annual intakes, in September and January.
The program will focus on three main areas, namely, Business Management, Technology Immersion and transformational leadership. It will also include three tracks in Digital Transformation, Data Analysis & Artificial Intelligence and Digital Finance.
It is divided into four periods, during which the participants will receive specialized training in different areas of technology. The first and second have an experimental learning approach, with a practical perspective on Fintech, Insuretech and Edutech, among other areas.
The third period includes specific technological tracks on digital transformation, data analysis and artificial intelligence and digital finance. The last track will include content on Fintech, Blockchain, Robotics Process Automation, Advanced Automatic Learning and Emerging Technologies.
At this stage, students have the option to strengthen their business skills or the tech side of their career, choosing from electives from the International MBA or the specialized Tech MBA.
They could also choose to participate in exchange programs with other schools such as Cornell University, NYU Stern School of Business or MIT, or participate in internship programs.
Tech MBA Eligibility Criteria
You must have a Bachelor’s degree in a STEM speciality: Science, Technology, Engineering or Mathematics. You should also have a minimum of 3 years of full-time work experience and also a demonstrable passion for technology and an understanding of the tech industry.
Tech MBA Admission Process
You must fill up all the required sections in the online application form and upload the supporting documents. These are the Bachelor degree certificate or equivalent in a STEM-related field; Official University transcripts (certified translation into English or Spanish).
English language certificate options are TOEFL (100 minimum), IELTS (7.0 minimum), Cambridge Advanced or Proficiency (C1 minimum), or Pearson Academic (73 minimum).
You should also submit a copy of DNI/NIE/Passport; Photograph; 1-2 page CV; 2 letters of recommendation; 2 essays. The Application fee is 125€ or 175€ if you are applying to 2 programs (fee is not refundable).
Once you submit your online application and pay the application fee, you will receive a link to answer three live questions, two in video format and one in written format. It enables the admissions team to meet you virtually and evaluate your capacity to respond in real-time.
You have to appear for GMAT, GRE or IEGAT with specific attention paid to the quantitative section of the exam.
Next step is a personal interview (face-to-face or via Skype) with an Associate Director of the Admissions Team. At this time, you will be asked to answer the following prompt: How will the skills learned in the TECH MBA program enable you to be successful in your future career plans?
After the interview, your entire application will be evaluated holistically by the Admissions Committee following which the Committee will contact you with the final decision.
Tech MBA Application Deadlines
Round 1 application deadline is November 4 with scholarship deadline on November 27 and the final decision by December 2-13. Round 2 application deadline will be January 7, scholarship deadline on March 4 and the final decision by March 16-27, 2020.
Round 3 application deadline will be March 2, scholarship deadline on April 22 and the final decision by May 11-22, 2020. Round 4 application deadline will be May 4. Scholarship deadline on June 10 and the final decision by June 22 to July 3, 2020. Round 5 is only for EU passport holders with the application deadline on July 6, scholarship deadline on July 6 and final decision by July 27-August 2020.
Tech MBA Program Fees
The Tech MBA tuition fee is 72.200€. Loans, IE Foundation scholarships, IE High Potential Awards are available for deserving candidates. The school also provides all the Tech MBA students with a payment plan option.
Got a comment, question or input? Share it below!