IE Business School (formerly Instituto de Empresa) has its main campus on the border of the Chamartín and Salamanca districts of Madrid. IE Business School recently ranked #1 in WSJ's 2009 rankings for Best MBA Programs under 2 years. It scored ahead of usual stalwarts, INSEAD and IMD, giving it top billing among International MBA programs. Although based in Barcelona, both IESE Business School and ESADE Business School also have Madrid campuses. These three schools are the top-ranked business schools in Spain, consistently rank among the top 20 business schools globally, and offer MBA programs (in English or Spanish) as well as other business degrees. Madrid is a good destination for business schools and a city much desired by foreign students. The most important Spanish business schools (IESE, IE, ESADE) have invested 125 million euros in expanding their campuses in Madrid in 2020.