Harvard Business School (HBS): Rankings, Courses, Fees, Admission 2023 & Scholarships

Harvard Business School (HBS)

Boston, MassachusettsLocation
SchoolSchool type
Estd1908established year
1859enrollment
Public

Harvard Business School Program Fees & Deadlines

ProgramImportant DatesFees
Application Deadline Round 2 (3rd Jan 2024)
USD 59,968/Yr
USD 59,968 /Yr
M.B.A
2 years
winter (30th Nov 2024)
fall (31st Dec 2024)
USD 73,440/Yr
USD 73,440 /Yr
L.L.M
1 year
Application Deadline Round 2 (3rd Jan 2024)
USD 70,430/Yr
USD 70,430 /Yr
Application Deadline Round 2 (3rd Jan 2024)
USD 61,446/Yr
USD 61,446 /Yr
Regular Action Application Deadline (1st Jan 2024)
USD 51,143/Yr
USD 51,143 /Yr
Application Deadline Round 2 (3rd Jan 2024)
USD 54,880/Yr
USD 54,880 /Yr
Regular Action Application Deadline (1st Jan 2024)
USD 51,143/Yr
USD 51,143 /Yr
M.Arch
1 year
Application Deadline Round 2 (3rd Jan 2024)
USD 53,420/Yr
USD 53,420 /Yr
Application Deadline Round 2 (3rd Jan 2024)
USD 73,440/Yr
USD 73,440 /Yr
Application Deadline Round 2 (3rd Jan 2024)
USD 58,224/Yr
USD 58,224 /Yr

Do you think the Dates are wrong ?  Report Here

Harvard Business School is a part of the prestigious Harvard University. Prospective students are offered a two-year MBA program, 99 executive programs, and various doctoral programs at HBS. Harvard MBA and executive education programs are highly favoured among international students. The school is home to over 12,300 on-campus students. The admission drive demonstrates an online enrollment of nearly 30,000 individuals. Explore: HBS Campus!

The business school is globally famous with 37% enrolled international students. Majority of the foreign students hail from Asian countries. HBS is particularly popular in India because of its famous Indian alumni - Ratan Tata & Anand MahindraHarvard Business School acceptance rate is merely 10%, representing it as a highly selective institute. Students are required to submit a GPA equivalent to 92% or higher and a Harvard GMAT score of 730+ to get selected for Harvard Business School admission. Admission here is offered in two rounds a year. For Round 1, the admission deadline is 8th December 2022. For Round 2, the deadline is 29th March 2023. Check Out: HBS MBA Class Profile!

The total cost to study at Harvard B-school tends to be around 89.92 lakhs per year. This amount includes both tuition fees and living costs of the students. To help its students financially, the school provides a few scholarships to international students granting up to 62.36 lakhs. Recently, HBS has announced to grant full tuition and other need-based scholarships to MBA students in great financial need. About 10% of the student population comes under this category. The b-school has a graduate employment rate of 96%. The median base salary of the graduates is around 1.2 cr. Also Check: HBS Placements!

Harvard Business School Rankings

  • #5 in Best Business Schools by the U.S News and World Report, 2022
  • #1 in Management by the U.S News and World Report, 2022
  • #2 in Top Business Schools in the World according to QS World University Rankings by Subject, 2022
  • #3 in Global MBA ranking by Financial Times, 2022

Following are some of the business school speciality rankings of HBS according to U.S. News and World Report, 2022:

Specialities Rankings
Marketing #6
Nonprofit #2
International #2
Finance #7
Entrepreneurship #4
Business Analytics #10
Also Check:

Harvard Business School Programs

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.

Harvard Business School Campus

The school has a residential, self-contained campus with 36 buildings in total. It looks after the issue of Green Sustainability in particular. There are 16 LEED-certified buildings and 47% Greenhouse Gas Reduction as of FY 2018.

The HBS Campus environment significantly enriches the educational experience by providing a chance to interact with the faculty beyond the classroom. The school showcases more than 85 clubs. The clubs have 200 leadership positions in the Student Association, where students can enhance their leadership and organizational management experience.

Various events are organized by Student Clubs for learning, networking, and socializing beyond the classroom. The events include workshops, conferences, and talk shows. The campus environment enriches the educational experience of MBA students and students opting for executive education. Check Out: HBC Campus Gallery!

Harvard Business School Accommodation

The school provides students with numerous housing options in its six residence halls namely, Chase Hall, Gallatin Hall, Hamilton Hall, McCulloch Hall, Morris Hall, and Mellon Hall. More than 65% of students live on campus either in dorms or apartments provided by HBS Housing and Harvard University Housing. The dorms have one or two-room singles, shared or private bathrooms, lounge areas, or full kitchens. Dorms are connected through tunnels with the other part of the campus.

Students may also choose to live outside of the Harvard Business School campus. The rents for off-campus housing are tabulated below. 

Residences Rent (in INR)
5 Cowperthwaite Street 1.6 - 2.71 lakhs
29 Garden Street 1.4 - 3.2 lakhs
Botanic Gardens 1.8 - 2.6 lakhs
10 Akron Street 1.5 - 2.1 lakhs
Peabody Terrace 1.5 - 3.3 lakhs
Kirkland Court 1.6 - 2.9 lakhs

Students have to pay rental fees that include the cost of utilities at all complexes and Internet in select locations; also it provides 24-hour maintenance service. Candidates interested in private housing may visit the “Other Housing and Resources” section of the “Harvard University Housing” website which includes information about self-service rooms, private apartments, and rental housing.

Harvard Business School Admissions

The B-school saw an enrollment of 9,000+ students in the previous year. International students seeking Harvard Business School admission are recommended to go through the below-mentioned details.

Harvard Business School Application Process

  • Application Portal: Common Application for UG | HBS Portal for PG
  • Application Fee: 100 USD (7,988 INR) for 2+2 applicants; 250 USD (19,970 INR) for non-2+2 applicants.

Harvard MBA Application Deadlines:

  • MBA Deadlines
    • Round 1: September 7, 2022.
    • Round 2: January 4, 2023.
  • PhD Deadlines
    • December 1, 2022.

Harvard MBA Admission Requirements:

  • Academic transcripts
  • GPA: 3.69/4 (92%)
  • GMAT - 730 or above
  • Proof of English Language proficiency
  • Health certificate
  • SOP
  • Resume
  • LOR
  • Visa/passport.

Harvard Business School Acceptance Rate

A total of 1,010 students took admission to Harvard Business School MBA in the academic year 2020-2021. The class of 2023 represents 37% of international students and 150+ international undergraduate institutions. HBS acceptance rate shows a tough admission with only 10% enrollment. HBS admission requirements for international students are as follows.

Source: HBS

Harvard Business School Cost of Attendance

Harvard Business School cost of attendance comprises tuition costs and living costs. Harvard MBA cost of tuition is 58.71 lakhs per year. The distribution of expenses in the form of an estimated budget for international students in USA for class of 2023 and class of 2024, is as mentioned below: 

Type of Expense Annual Cost (in INR)
Tuition 58.71 lakhs
Student Health Fee 1.04 lakhs
Student Health Insurance Plan 3.26 lakhs
Course and Program Materials Fee 2.04 lakhs
Room and Utilities (9 months) 11.87 lakhs
Living Expenses (9 months) 13.22 lakhs

Harvard Business School Scholarships

Harvard Business School scholarships are available to both domestic and international students. Applicants are required to apply for any of the scholarships they are eligible for at the time of submitting their application. HBS has 100% tuition fee scholarships for MBA students in absolute financial need. It has an annual budget of about 45 million USD for MBA financial aid, making it the largest need-based scholarship program for MBA in the world.  About 50% of the student population at the school receive some kind of financial help. Students can also avail of other scholarships for international students in USA.

HBS Financial Aids for International Students

Type of Aid Eligibility Grants
HBS Scholarship On being admitted to the school, all students can apply for this scholarship 40,000 USD (31.18 lakhs) to 80,000 USD (62.36 lakhs) per year in total
Summer Fellowships For students joining small or large organizations in for-profit industry 650 USD (0.52 INR) per week
Loans Need-based Variable

Some studentships that applicants at the institute can avail of are as mentioned below.

  • Rock Center Loan Reduction for Entrepreneurs: One-time need-based award in the range of 1,000-20,000 USD (up to 15.6 lakhs) for those MBA graduates pursuing their own entrepreneurial ventures
  • Loan Reduction for Private Sector Employees: One-time need-based loan reduction in the range of 5,000-15,000 USD (up to 11.7 lakhs) at the time of graduation
  • Search Fund Fellowship: Financial aid up to 50,000 USD (39 lakhs) per year for graduating students to pursue self-funded research

Harvard Business School Alumni

Alumni of the B-school are offered numerous lucrative advantages which include access to the offers made by the Credit Union of the college, Alumni Select, free access to library and health & fitness services, and many more. A few notable alumni of the Harvard Business School, USA are as follows:

  • Ratan Tata: Indian Industrialist (Tata Sons.)
  • Anand Mahindra: Indian Businessman (Mahindra & Mahindra)
  • Rahul Bajaj: Chairperson of Bajaj Group
  • Sheryl Sandberg: Chief Operating Officer of Facebook
  • Michael Bloomberg: Former Mayor of the New York City
  • George W. Bush: 43rd US President

Harvard Business School Placements

The school organizes various career fairs for its students like Fall Career Fair, Startup Career Fair, Career Link, Career Assessment Activities, and numerous more which facilitate students in getting decent jobs. 96% of the job-seeking HBS students got placement offers after their graduation.

There are 55 career coaches, 150 alumni career programs, and 600 recruiting partners for Harvard MBA graduates. Around 74% of graduates of the institute are employed after graduation. Students graduating from this deemed business school may receive a median base salary of 150,500 USD (1.2 cr). Also Check: Harvard Business School Placements.

Harvard Business School graduates are mostly employed in Finance and Consulting roles. Here are some top job positions offered to the HBS students.

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

HBS graduates generally move on to research and teaching positions leading business schools and universities around the world. Some choose careers as advisors of top corporations, in various other organizations like non-profits, health care, retail, entertainment, manufacturing etc. or set up their own ventures. Career & Professional Development team provides students with personalized career advice making it a suitable place to study abroad.

FAQs

Ques. What is the acceptance rate of Harvard Business School?

Ans. The acceptance rate of Harvard Business School generally revolves around 10%. The admission process for HBS is tough to crack. Students will have to produce excellent scores to get into HBS.

Ques.  How much are the tuition fees for MBA at Harvard Business School?

Ans. Harvard Business School charges around 58.71 lakhs INR per year as tuition fees. Other than tuition, students also have to meet certain living costs. For international students, living expenses tend to be around 31 lakhs per year.

Ques. Can international students take admission in Harvard Business School?

Ans. Yes. International students are accepted in HBS. In the class of 2023, 37% of the student body is made of international students from all over the world. 13% of the international students hails from Asian Countries.

Ques. What is the GMAT requirement for Harvard Business School?

Ans. There is no minimum requirement of GMAT scores in Harvard Business School. However, students are recommended to submit GMAT scores of 730 or higher for secure admissions. The GMAT scores of class of 2023 are in the range of 590 – 790.

Ques. What is the academic requirement for HBS?

Ans. HBS needs a GPA score of 3.6/4 which is 87-89%, for admission. International non-English speaking students have to also submit TOEFL iBT score of minimum 109. 

Master of Business Administration [M.B.A]

2 years
On Campus
English
Full Time
Exam Scores: IELTS7.5|TOEFL109|GRE updated326|GMAT730|Duolingo130
Options Available:
Important Date: 31 Dec, 2024

Doctor of Philosophy [Ph.D] Business Administration

5 years
On Campus
English
Full Time
Exam Scores: TOEFL100|IELTS7.5|GRE updated292

Master of Business Administration [M.B.A] Finance

2 years
On Campus
English
Full Time
Exam Scores: IELTS7.5|TOEFL109|GRE updated326|GMAT730|PTE75

Master of Science [M.S]/Master of Business Administration [M.B.A] Biotechnology - Life Sciences

2 years
On Campus, Dual Degree
English
Full Time
Exam Scores: IELTS7.5|TOEFL109|PTE75|GMAT730

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Harvard Business School Scholarships


NameScholarship Per StudentLevel of StudyType
Horace W. Goldsmith FellowshipScholarship per studentVariable AmountLevel Of StudyMasterTypeCollege-Specific
Inlaks Shivdasani Foundation ScholarshipsScholarship per student$100,000Level Of StudyDoctorateTypeMerit-Based
AAUW International FellowshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
RD Sethna ScholarshipsScholarship per student$15,000Level Of StudyBachelorTypeMerit-Based
Fulbright-Nehru Doctoral Research FellowshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
BL Mandhana ScholarshipsScholarship per student$10,000Level Of StudyBachelorTypeMerit-Based

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Harvard Business School Admissions

  • ROUND 1 Deadlines

    Important Date: December8 (Application deadline)
  • ROUND 2 Deadlines

    Important Date: March30 (Application deadline)

Harvard Business School Exam Scores

ExamsAvg. ScoreMin ScoreMax. Score%Submitted'
Graduate
GRE updated326-340-
Check Detailed Score
verbal163---
Quantitative163---
GMAT765730800-
Undergraduate
SAT1520---
Language Proficiency
IELTS87.59-
TOEFL114.5109120-
PTE82.57590-

Attendance Cost

$52,659

attendance cost

The table shows average yearly cost of attendance for international students. Amount may vary with the course opted, nature of accommodation, and personal spending habits of a candidate.Check Program wise Fees

Tuition fees
Undergraduate Programs
$52,659 / Year
Post Graduate Program
$18,600 / Year
On Campus
Rooms and Meals
$14,340 / Year
Living Expenses
$15,930 / Year

Harvard Business School Campus Location


+1-617-495-6000
Telephone
Dillon House, Boston, MA 02163
Address

Nearby This Campus

  • Airport

Airport

Woburn Airport4.33 km
Nashua Street Heliport4.56 km
Boston Logan International Airport9.09 km
Cambridge Airport9.18 km
Show More

● All distance are measured radially. Actual distance may vary

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