Harvard Business School, Boston

Harvard Business School (HBS), a business school of Harvard University, is a private university located in Boston, Massachusetts.

HBS has four regional offices and nine global research centers and operated through its offices in the United States (San Francisco Bay Area), Asia Pacific (Hong Kong, Shanghai, and Singapore), Europe (Paris), Middle East (Dubai, Istanbul, and Tel Aviv), Latin America (Buenos Aires, Mexico City, and São Paulo), and South Asia (Mumbai)

The faculty’s school is divided into 10 academic units. On offer for potential students at HBS are a two-year MBA program, 99 executive programs, and various doctoral programs. The school is home to more than 38,700 students online.

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More than 35% of HBS are foreign nationals, with most hailing from Asian countries. Its acceptance rate is 10%, making it a highly fastidious institution. To qualify for admission to Harvard Business School, applicants need to have a GPA of a minimum of 92% and a GMAT score of more than 730. The school has two intakes per year. The upcoming admission deadlines are on December 8, 2022, and March 29, 2023. In 2023, HBS will have a total of 1,010 students on board in the class of 2023.

The approximate cost to study at Harvard B-school would be about $112, 685 per year. This amount covers tuition fees as well as the cost of living of the students. To financially aid its students, HBS offers a few scholarships to foreign students amounting to $78,188. HBS has recently decided to grant complete tuition fees and other requirement-based scholarships to MBA students who are financially not well off. Around 10% of the school’s students fall under this category. This school’s employment rate of graduates is 96% and their yearly median base income is about $150, 427.

Rankings of the Harvard Business School

According to US News and World Report, 2022, it ranks #5 among the world’s best business schools. The same agency ranks it #1 for management. While QS World University Rankings by Subject, 2022, ranks it #2 in the world’s top business schools. On the other hand, Financial Times, 2022 ranks HBS #3 in Global MBA.

Programs Offered by the Harvard Business School

Harvard Business School offers MBA programs, along with online programs and executive education programs. Online programs are offered in 6 study areas and executive education is available for both individuals and organizations. The top programs and the tuition fees per year are tabulated below.

Top Programs at the Harvard Business School

Top Programs	Total Fee per Year (USD)
Master of Business Administration (MBA), Finance	73,596
Master of Business Administration (MBA), Biotechnology	84,627
Master of Business Administration (MBA), Entrepreneurship	73,589
Master of Business Administration (MBA)	73,589

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The Campus of the Harvard Business School

The HBS is home to a residential campus where there are a total of 36 buildings. It also hosts 16 LEED-certified buildings.

The HBS has more than 85 clubs. In these clubs, various events are organized for discovering, networking, and socializing outside the classroom. Included in the events are conferences, workshops, and talk shows.

Accommodations at Harvard Business School

HBS makes available to students several housing options in its six residence halls namely. Over 65% of students live on campus in dormitories or apartments provided that the HBS Housing and Harvard University Housing offer. The dormitories are of various types: one or two-room singles, or lounge areas. They are connected to the other parts of the campus through tunnels.

Students can also live outside the HBS campus. The costs of off-campus housing are as follows:

Residences	Cost (USD)
5 Cowperthwaite Street	2,130 – 3,396
29 Garden Street	1,754 – 4,010
Botanic Gardens	2,255 – 3,528
10 Akron Street	1,880- 2,631
Peabody Terrace	1,880 – 4,135
Kirkland Court	2,005 – 3,634

 

Students need to pay rent which includes the utility costs at all the complexes and Internet in restricted locations; it also offers maintenance service round-the-clock. Candidates who want to opt for private housing may visit the “Harvard University Housing” website’s “Other Housing and Resources” section where information is included about private apartments, self-service rooms, and rental housing.

Admissions at the Harvard Business School

The HBS witnessed more than 9,000 students registering in 2021. These are certain details for foreign students wanting to get admitted to Harvard Business School.

Application Process of the Harvard Business School

• Application Portal: Common Application for undergraduates | HBS Portal for postgraduates
• Application Fee: $100 for 2+2 applicants; $250 for 2+2 applicants.

Application Deadlines for the Harvard MBA:

• MBA Deadlines

• • Round 2: January 4, 2023.
• PhD Deadlines
  • December 1, 2022.

Admission Requirements at the Harvard MBA:

• Educational transcripts
• GPA: 3.69/4, equivalent to 92%
• GMAT – At least 730
• Evidence of proficiency in the English Language

• • TOEFL iBT – At least 109
  • IELTS – At least 7.5
  • PTE – At least 75
  • Duolingo – At least 130
• Health certificate
• Statement of purpose (SOP)
• CV/Résumé
• Letters of recommendation (LOR)
• A valid visa

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Acceptance Rate at the Harvard Business School

A total of 1,010 students were admitted to MBA in the Harvard Business School MBA in the academic year 2020-2021. The acceptance rate at the HBS shows a rigorous admission schedule with an enrolment of only 10%.  For foreign students, admission requirements at HBS are as follows.

Cost of Attendance at the Harvard Business School

The cost of attendance at HBS is made up of tuition costs and the cost of living. The cost of tuition fee at Harvard MBA is 73,554 per year. The expected expenses for foreign students in the USA in 2023 and 2024 are as follows:

Expense Category	Annual Cost (USD)
Tuition	73,554
Student Health Fee	1,303
Student Health Insurance Plan	4,086
Course and Program Materials Fee	2,556
Room and Utilities (9 months)	14,875
Living Expenses (9 months)	16,567

Scholarships at the Harvard Business School

Scholarships are made available at the Harvard Business School to both local and foreign students. Applicants need to apply during the time of submission of their applications to scholarships they are qualified for. HBS has 100% scholarships for the tuition fee of MBA students who are facing financial problems. Its annual budget is around $45 million for financial aid for MBA programs, making it the largest requirement-based scholarship program for the MBA course across the world. Around half of the student population at HBS get financial help to an extent, depending on their financial status. Foreign students can also avail of other scholarships in America.

Financial Help for Foreign Students at the Hbs

Aid type	Eligibility Criteria	Contributions
HBS Scholarship	All enrolled students can apply for it	$40,000 to $80,000 per year (aggregate)
Summer Fellowships	To those wanting to join small or large organizations	$650 per week
Loans	Requirement-based	Adjustable

Some grants that students at HBS can avail of are as follows.

• Rock Center Loan: One-time requirement-based award ranging in the bracket of $1,000-$20,000 for MBA graduates who intend to pursue their own entrepreneurial ventures
• Loan Reduction for Private Sector Employees: One-time requirement-based loan reduction ranging in the bracket of $5,000-$15,000 at the time of graduation
• Search Fund Fellowship: Financial assistance of up to $50,000 per year for students about  to graduate to pursue self-funded research

The Alumni of the Harvard Business School

Alumni of the HBS are offered several advantages which include availing the offers the Credit Union of the college makes. Alumni Select, free access to library and health & fitness services, and many more.

Placements at the Harvard Business School

The school organizes several career fairs for its students like Fall Career Fair, Career Link, Startup Career Fair, Career Assessment Activities, and many more which enable students to get decent jobs. About 96% of HBS students get job offers soon after their graduation. Harvard MBA graduates are offered assistance from 55 career coaches, 150 alumni career programs, and 600 hiring partners.

HBS graduates are mostly employed in financial and consultancy roles. The following are some of the top job slots are offered to HBS students.

Profession	Employment Rate
Finance	33%
Consulting	25%
General Management	11%
Marketing	11%
Strategic Planning	10%
Business Development	6%
Not Specified	4%

 

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