IE vs UMD

Just out of curiosity, in terms of prestige, if I am an undergraduate student majoring in business, which business school is better UMD's smith school or Instituto Empresa in Spain? I've been told UMD is much better, mainly because earning a degree in the States is held in higher regard. However, Instituto Empresa is a really good business school, at least to earn an MBA, not sure about undergraduate studies. Any thoughts??

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