Harvard Business School
Harvard Business School (HBS) is located in Boston, Massachusetts, just a short trip away from the University’s main campus in Cambridge. The first school in the world to offer the Master’s of Business Administration degree, HBS has a full-time MBA program known for pioneering the case method of business instruction. The case method continues to be one of the hallmarks of the HBS MBA program today, in addition to the school’s highly structured Required Curriculum and emphasis on cultivating young leaders.
FAQ
What is the tuition for Harvard’s MBA program?
The tuition for Harvard’s MBA program is $73,440 per year. The total cost of the Harvard MBA program is $110,740 per year; this includes budgeted living expenses.
How hard is it to get into Harvard’s MBA program?
The acceptance rate for Harvard is 10% It is important to consider the acceptance rate in the context of the student profile of those who are admitted. For example the average GMAT score is 730.
What is the average GMAT score for admission to Harvard’s MBA program?
The average GMAT score for the incoming class at Harvard is 730. The GMAT middle 80% range is 580 – 790.
Does the Harvard MBA program accept the GRE?
Yes. The Harvard MBA program has accepted the GRE for a few years now.
What is the average GRE score for admission to Harvard’s MBA program?
The average GRE score for the incoming class at Harvard is Median Verbal 165 and Median Quantitative 163.
What is the minimum number of years of work experience required for admission to Harvard’s MBA program?
Harvard does not state a minimum requirement for years of work experience. However, it is important for candidates to be aware that they are being considered against other candidates with an average of 4.5 years of experience.
What is the average number of years of work experience for admission to Harvard’s MBA program? (or, What is the average age of a Harvard student?)
The average number of years of work experience among students in Harvard’s MBA program is 4.5. The average age of a Harvard MBA student is 27.
What is the average starting salary for graduates of the Harvard MBA program?
The average starting salary for Harvard MBA graduates is $140,000, with a median signing bonus of $25,000.
How long is Harvard’s full-time MBA program?
Harvard offers a traditional 2 year MBA program.
What are the application deadlines for Harvard’s MBA program?
The Round 1 MBA application deadline is September 8, 2020. The Round 2 application deadline is January 8, 2021. For the 2019-2020 admissions season, applications from 2+2 applicants are due June 1, 2020.
What percent of Harvard MBA students are women?
The percentage of the class at Harvard that are women is 41%.
What type of interview does Harvard use for MBA admissions?
Harvard offers interviews by invitation, once the initial application is reviewed. The interviews are non-blind, meaning the interviewer will have read your application, or reviews of your application.
VIDEOS
Who Needs Capitalism Anyway?
The COVID-19 pandemic has been highlighting some flaws of capitalism—mass purchasing of hand sanitizer and toilet paper comes to mind—but is it true that capitalism, particularly during a global crisis does more harm than good? Professor Rebecca Henderson explores how capitalism may help solve many of the problems we are currently facing and how we can make it work for us in such uncertain times. 01:30 - Do you think it's justified to think that capitalism does more harm than good? 02:48 - Is capitalism a help or a hindrance in the face of a situation like this? 04:40 - How can we avoid bad capitalism during a pandemic? 07:52 - What companies can be used as an example for applying sustainability efforts that are good for the company and its customers? 10:40 - Do companies that have invested in sustainability have a better chance to manage through a crisis like this? 15:25 - Could you give an example of conscious capitalism? 18:50 - Is there an idea from reimagining capitalism that should resonate with viewers?
Managing Through Crisis: What Is Crisis Management?
In such uncertain times, we look to our leaders, but how do you manage an organization through COVID-19—a crisis unlike any we've ever experienced? Professor Dutch Leonard and CMCO Brian Kenny use Zoom to discuss crisis management and what actions leaders can take now. Navigation: 0:57 - Dutch's role in the Bloomberg Mayor's Initiative 4:24 - How do you define crisis management? 6:13 - What were you hoping to achieve in publishing "20 Things for Organizational Leaders to Know About COVID-19"? 7:53 - What's the most important thing a leader can do in a time like this? 13:08 - What should firms and leaders be thinking about how they communicate with stakeholders, employees, customers etc? 15:28 - Is it tone-deaf for businesses to try to be opportunistic in a time like this? 18:16 - What are the pitfalls leaders should be thinking about at this time? What are some things they should avoid? 20:23 - If there's one takeaway from what you've talked about today, what would that be?
Admissions
Class Profile
Admission to HBS is highly competitive, as the school accepted just 10% of those who applied to the Class of 2020, with the entering class totaling 930 students. The median GMAT score of first-year entrants was 730, and the middle 80% of the scores ranged from 610 to 800.
The average student in the Class of 2020 was 27 years old upon matriculation. Forty-six percent of the class of 2020 majored in economics and business administration for their undergraduate degree; other popular majors were science/technology/engineering/math and humanities/social sciences at 37% and 17%, respectively. Prior to attending HBS, 16% each of the most recent entering class worked in the high tech/communications industry, venture capital/private equity industries, and consulting. Eleven percent came from financial services backgrounds. Consumer products, energy, government/education/non-profit, and healthcare/biotech contributed roughly 6% each of students in the Class of 2020. Students also hail from industries including manufacturing, the military, and other services.
Thirty-seven percent of the Class of 2020 claims international citizenship from a total of 69 different countries. In addition, women comprise 41% of the first-year class, and 26% identify as members of a U.S. minority group.
Application Procedures
Applicants can apply to HBS during one of two admissions rounds; these deadlines are typically in early September and early January. In addition to filling out an online application regarding their biographical information and career history, applicants must submit an essay, a résumé, two letters of recommendation, and transcripts from all undergraduate and graduate academic institutions attended. The school also requires applicants to submit GMAT or GRE scores and a TOEFL, IELTS, or PTE score if needed, as well as a $250 application fee and a signed acceptance of the school’s admissions policies. Harvard’s MBA Admissions Board conducts interviews on an invitation-only basis, and interviews are required for admission to the program. HBS also introduced a post-interview reflection exercise.
Application Checklist
- Data Forms
- Acceptance of HBS Admissions Policies
- GMAT/GRE and TOEFL/IELTS/ PTE Score(s)
- Résumé
- Application Fee
- Recommendation Letters
- Academic transcripts
- Essay
Essay Topic Analysis
Harvard Business School MBA Essay Topic Analysis
The following essay topic analysis examines Harvard Business School’s (HBS) MBA admissions essays for the 2019-2020 admissions season. You can also review essay topic analyses for all other the leading MBA programs as well as general Essay Tips to further aid you in developing your admissions essays. 2019-2020 Harvard Business School Essay Topic Analysis Essay 1 As we […]
Recommendation Questions
Harvard Business School MBA Recommendation Questions
The 2019-2020 HBS MBA recommendation questions are up on the Harvard Business School admissions website. Below you will find more details on those questions that only your recommender will see when you submit their name for a recommendation. 2019-2020 Harvard Business School (HBS) Recommendation Questions: Recommender Information Context of Relationship: Current employer Previous employer University/academic Extracurricular/community Other […]
Interview Reports
Harvard Business School Interview Questions & Report: Round 2 / Adcom / Skype
I interviewed for HBS with two adcom members on Skype. I had one interviewer and one observer. Overall, the interviewer created a very comfortable environment and would nod at my answers encouraging me to tell more. My questions were very tailored to my work experience, asking me about specific assignments at each of my jobs […]
Harvard Business School Interview Questions & Report: Round 2 / Adcom / On-Campus
I flew in 2 days before my interview so I could spend the day before on campus attending all activities. I’ve never been to Boston or Cambridge and wanted to have time to get a good grasp of what HBS was like, but also what the city I was going to live in for 2 […]
Harvard Business School Interview Questions & Report: Round 2 / Adcom / On-Campus
Interview was pretty much as expected based on other interview reports. 30 minutes exactly with one interviewer who asked all the questions and one observer who rarely spoke. They knew my application and resume very well and started off the bat with a question about a job I had in college. We covered all 3 […]
Harvard Business School Interview Questions & Report: Round 2 / Adcom / On-Campus
Was 30 minutes. We went to a waiting room about 10 minutes before the interviews. Around the waiting room were ~10 small conference rooms. The adcom people came out to call us into a specific conference room where the interview would be conducted. One adcom member asked all the questions while the other observed. The […]
Harvard Business School Interview Questions & Report: Round 2 / Adcom / On-Campus
I flew in the day before my interview to sit in on a class and take part in all of the on-campus activities (lunch with current student panel, campus tour, leadership activity, coffee chat with current students). All very valuable to get a better feel for campus/atmosphere. My interview was the next day at 10:30. […]
Harvard Business School MBA Interview Questions & Report: Round 1 / Adcom / Off-Campus Hub
Was one of the hardest interviews of my life. Maybe 25 questions in 30 minutes, but very non-chalant so I felt somewhat off-guard throughout. Asked me about everything that essentially wasn’t explored in my application, which I didn’t like given I didn’t dive into it my application for a reason (other parts were just uninteresting […]
Harvard Business School MBA Interview Questions & Report: Round 1 / Adcom / Off-Campus Hub
I am a re-applicant and I interviewed with Andrew Elrick (Executive Director of David Rockefeller Center for Latin American Studies) in Sao Paulo, Brazil. It seems like he does all interviews in Brazil, and I did not have another HBS person in the room. After greeting my interviewer, he thanked me for putting together a […]
Harvard Business School MBA Interview Questions & Report: Round 1 / Adcom / On-Campus
– What have you done with your time since arriving to Boston? – Tell me about your international assignment? How was that experience challenging? – How important is X initiative to your overall company? – I see you made a low grade in class X in college – why was that course so difficult for […]
Harvard Business School MBA Interview Questions & Report: Round 1 / Adcom / On-Campus
Interview was quite structured. AdCom hosts interview days, where you’re encouraged to join coffee chats with current students, sit-in on a class, or join networking lunch. When it’s time to interview, interview is held in interview rooms (similar to on-campus recruiting suites if you had that for undergrad). Some of the questions asked: 1. What […]
Harvard Business School MBA Interview Questions & Report: Round 1 / Adcom / On-Campus
I only had the AdCom member in my interview, and did not have an observer. Here are the questions they asked: 1) I see you were on campus in [month]. What class did you visit? What did you like about it? 2) You grew up in [Country]. Do you remember any of it? Keep in […]
Harvard Q&As
Admissions Director Q&A: Chad Losee of Harvard Business School
Before you submit your Harvard Business School application, you’ll want to read our Admissions Director Q&A with Chad Losee, the Managing Director of MBA Admissions and Financial Aid. He walks us through the life of admissions, new and exciting developments at Harvard, the interview process and more. Losee applied to business schools in the Fall […]
Admissions Director Q&A: Chad Losee of Harvard Business School
It’s hard to believe that the Round 1 deadline for Harvard Business School is next week! Before you submit your application, you’ll want to read our Admissions Director Q&A with Chad Losee, the Managing Director of MBA Admissions and Financial Aid. He walks us through the life of admissions, new and exciting developments at Harvard, […]
Admissions Director Q&A: Harvard Business School’s Chad Losee
If you’re a Round 1 applicant to Harvard Business School (HBS) crossing your fingers for an interview invitation (slated to go out in batches starting next week) or even if you’re working toward a later round deadline, what better time to get to know more about the school’s new head of admissions? Chad Losee, 32, […]
Harvard LiveWire and DecisionWire
Academics
Faculty
A total of 195 full-time faculty members at Harvard Business School work across the school’s 10 academic units. These scholars and practitioners teach courses and staff the school’s ten global research centers and 19 initiatives, which cover topics from business history to U.S. competitiveness.
Curriculum
One of the hallmarks of HBS’s MBA program is its extensive use of the case method, in which class discussions revolve around assigned readings based on real-world business problems. Professors also use computer simulations, problem sets, and group assignments to help convey course material.
HBS divides its first-year class into 10 sections of roughly 90 students apiece, with each section constructed to mirror the class’s diversity; the students in each section take all of their first-year classes together. To allow students to collaborate with classmates from outside their section, every incoming student is also assigned to a learning team of six to seven people from different sections. Throughout the first year, these learning teams meet regularly to prepare for in-class case discussions and collaborate on graded projects.
Harvard’s MBA curriculum takes place across four semesters of 15 to 18 weeks each, referred to as Fall and Winter Terms. All students spend the first two semesters of the MBA program taking 11 courses, known as the Required Curriculum or “RC” for short. Following a three-day orientation period, Fall Term of RC classes begins in early September, featuring five semester-long courses that focus on issues businesses face internally. Fall Term ends in mid-December. Spring Term, which lasts from the end of January through late May, is comprised of five semester-long courses that examine how an organization interacts with external groups in a variety of social and economic contexts. Since 2011, an additional part of the RC has been a yearlong course called Field Immersion Experiences for Leadership Development (FIELD). FIELD is made up of three modules on leadership development and globalization.
In the second year, known as the Elective Curriculum (EC), students may take up to five full-term courses per semester; in the 2018-2019 academic year, EC students could choose from over 120 full-time electives across 10 subject areas in addition to 17 field learning opportunities. Unlike most MBA programs, HBS does not offer any formal majors or concentrations, instead allowing students to shape their second-year curriculum however they see fit. Though HBS students may not study abroad, EC students can cross-register for up to two courses at Harvard University graduate schools or at several other institutions in the Boston area. In addition, HBS’s required Immersion Experience Program allows students to gain global exposure through short-term experiential learning opportunities in countries such as China, Peru and South Africa.
Other MBA Degree Options
In addition to its 22-month full-time MBA program, HBS offers a joint JD/MBA program with Harvard Law School, an MD/MBA program with Harvard Medical School, a DMD/MBA with Harvard School of Dental Medicine, and a MBA/MS with the Harvard School of Engineering & Applied Sciences. HBS also offers an MBA/Master of Public Policy and an MBA/Master of Public Administration in International Development in conjunction with the Harvard Kennedy School.
College students hoping to attend HBS in the near future can apply during their senior year via the 2+2 Program. Students accepted through 2+2 are granted advanced admission to the full-time MBA program upon completing two years of professional work experience in an HBS-approved position.
Required Courses at HBS
Term I
- Finance I
- Financial Reporting and Control
- Leadership and Organizational Behavior • Marketing
- Technology and Operations Management • FIELD Foundations
- FIELD 2
Term II
- Business, Government, and the International Economy Strategy
- The Entrepreneurial Manager
- Finance II
- Leadership and Corporate Accountability
- FIELD 3
Degree Offerings at HBS
Full-time MBA Program
Joint Degree Programs
MBA/MPP, MBA/MPP-ID, JD/MBA, MD/MBA, DMD/MBA, MBA/MS
http://www.hbs.edu/mba/academic-experience/joint-degree-programs/Pages/default.aspx
Doctoral Programs
Doctorate of Business Administration: Accounting & Management, Management, Marketing, Strategy, Technology and Operations Management
Ph.D.: Business Administration, Business Economics, Health Policy (Management), Organizational Behavior
http://www.hbs.edu/doctoral/
Campus Life
Clubs, Conferences & Competitions
HBS students are provided with many opportunities for extracurricular involvement. Full-time MBA students can choose from more than 70 student-run clubs, which cover a variety of industry, regional, social, and sports interests. For example, the Outdoors Club organizes outdoor treks during the winter and spring breaks, in addition to skiing, hiking and rafting trips throughout New England. Meanwhile, members of the TechMedia Club host industry speaker series, an annual alumni panel and dinner, and visits to leading high tech and media companies. The Student Association, of which all HBS students are members, represents the school’s student body as a whole.
HBS’s clubs organize a number of conferences on campus annually. These span industry-related events, such as the Healthcare Club’s annual Healthcare Conference, as well as affinity-related events including the Women’s Student Association’s annual Dynamic Women in Business Conference. Students can also participate in a variety of business competitions. One of the most popular is the New Venture Competition, in which teams of students pitch business ideas to a panel of judges and compete for over $300,000 in prizes.
Campus Space
The HBS campus is located in the Allston neighborhood of Boston, just across the river from Harvard University’s main campus in Cambridge. HBS’s campus encompasses 34 buildings in total, with the majority of classes held in Aldrich Hall and Hawes Hall. In December 2013 the school unveiled Tata Hall, a new Executive Education building located on the Northwest corner of the campus. This seven-story glass and brick building includes residential space, classrooms, and common areas for Executive Education participants. Meanwhile, the Spangler Center is the hub of student social activity, featuring 29 project rooms, a 350-seat auditorium, and the school’s main dining facilities. Two-thirds of HBS students live on campus, with over one-third choosing to live in the school’s five residence halls, and there is a large selection of other housing options available through Harvard University Housing and private listings.
MBA Careers
Career Services
The MBA Career & Professional Development program provides HBS students with a range of services to help them clarify and achieve their career goals. The school’s dedicated on-campus interview period for first-year students takes place for four days in late January, while second-year on-campus dedicated interviews begin in late October and last for three days. In advance of the first-year recruitment period, HBS holds Industry Weeks, a series of presentations and panels that help students learn more about different job sectors. First-year students can also join Career Teams, in which they are guided through the job search process by a trained second-year leader. In addition, the school has over 50 trained career coaches on staff to offer students individual advice throughout their entire time at HBS. MBA Career & Professional Development also helps recruiting companies develop a presence on campus through events such as Company Information Days.
Career Statistics
Within three months of graduating, 89% of the HBS Class of 2018 had accepted full-time job offers. The median base salary of all graduates was $140,000, with a median signing bonus of $25,000. Twenty-nine percent of students graduated into financial services functions and 26% into consulting. The next most popular functions among graduates were general management and marketing at 16% and 11%, respectively. Meanwhile, 8% of the most recent class went into business development and strategic planning each, while the remaining 3% selected other functions.
In terms of industry, the most common choice for 2018 graduates was financial services at 29%, a two-point decrease from the previous year, and consulting came in second at 25%. Nineteen percent of the Class of 2018 entered the technology industry, and 6% and 5% each went into healthcare and manufacturing, respectively. Graduates also took jobs in consumer products, non-profit/government, retail, and entertainment/media, albeit in fewer numbers.
As is often the case at business schools, HBS placed a large number of graduates, 41%, in the region where it is located: the Northeastern U.S. Twenty-six percent of the Class of 2018 headed to the Western U.S., while 7% moved to the Midwest and 4% to the Mid-Atlantic. The Southern and Southwestern regions of the country, meanwhile, drew 4% each of the Class of 2018. Fourteen percent of the class took jobs outside of the United States, with the most popular areas being Asia and Europe.
Financing
The tuition for the Class of 2020 is $73,440. HBS estimates, though, that with additional expenses such as rent and textbooks, single students will pay approximately $110,740 for the year. The school offers need-based fellowships to help students fund their education. To be considered for these awards, students must fill out the FAFSA and a financial aid application that is made available on the HBS Intranet after admission to the program. HBS students can also finance their studies through a variety of loan options, such as federal programs for U.S. citizens and private loans for domestic and international students. The Harvard University Employees Credit Union allows international students at HBS to take out loans without a U.S. co-signer.
Program Tuition (per year)
- Tuition $73,440
- Program Support Fee (books, etc.) $2,550
- Room & Utilities (9 months, single) $13,940
- Board, Personal, Other (9 months, single) $15,904
- University Student Health Fee $1,206
- Student Health Insurance Plan $3,700
- Total $110,740
Recent Harvard Business School News
Harvard Announces MBA Admissions Deadlines for 2020-2021
Harvard Business School has announced their two rounds of admissions deadlines for those hoping to join the MBA Class of 2023:Round 1: September 8th, 2020 Round 2: January 5th, 2021All application
MBA Students Host Virtual Game Show to Raise Funds for Doctors Without Borders
Let’s get ready to… fundraaaaaaaise! The MBA Battle Royale, a virtual game show featuring students from leading business schools, will raise funds for Doctors Without Borders this Saturday, May
Celebrate our 100th Podcast Episode!
Tens of thousands of MBA hopefuls have tuned into Clear Admit’s various podcast episodes since our debut with the format in March of 2018. We proudly released our 100th podcast episode this week—a
Admitted HBS MBA Students Can Now Defer Due to COVID-19
The crisp campus air, the collegiate atmosphere, a new city and surroundings, study groups, house parties, club meetings, new networks—the list of exciting and educational business school experience
Fridays from the Frontline: HBS Students Launching Non-Profit in Response to COVID-19
A batch of Harvard Business School students have teamed up to help the vulnerable members of their community during the COVID-19 crisis. Together, they are launching LivelyHood, a “safe and si
Episode 97: Wire Taps—Special Guests Discuss Choosing Harvard, Stanford or Wharton
We have an exciting podcast episode of Wire Taps for you this week, featuring a pair of special guests who have been sharing their interesting admissions journeys this season on MBA ApplyWire and MBA
Episode 94: Wire Taps—Harvard, Stanford GSB or Wharton?
We have a new episode of Wire Taps ready to be heard, so tune in for the latest from Clear Admit’s admissions experts. As usual, Graham Richmond and Alex Brown discuss MBA admissions strategies fo
The Week Ahead: MBA Decisions & Deadlines, March 30-April 3, 2020
Welcome back to the series, The Week Ahead, in which we provide a brief rundown of what is happening in MBA admissions this week! Decisions Roll out Among Late Round Deadlines Round 1 is now behind
Real Humans of Google: Andrew Dunckelman, HBS ’14, Head of Impact and Insights
Google is not just a dot-com that we visit for any and all information—it’s also a dot-org with philanthropic efforts and goals. Google CEO Sundar Pichai has set a five-year goal of awarding
COVID-19 MBA Admissions Updates and Cancellations
The novel coronavirus disease COVID-19 has disrupted daily life for nearly everyone, including MBA applicants, admitted candidates, and current students. Given the reliance on virtual community in t
