About
Harvard Business School (HBS), established in 1908, is a premier institution dedicated to business education and research. Located in Boston, Massachusetts, HBS offers a comprehensive MBA program, various doctoral programs, and numerous executive education opportunities.
What is the Acceptance Rate at Harvard Business School?
HBS is highly selective, with an acceptance rate of approximately 12% for recent incoming classes.
What is the Cost of Studying at Harvard Business School?
The annual cost of attendance for the MBA program for the 2024-2025 academic year is detailed as follows:
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Tuition: INR 66 Lakhs (approx.)
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Required Fees: INR 7 Lakhs (approx.)
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Living Expenses: INR 29 Lakhs (approx.)
This brings the total estimated annual cost to between 90-95 Lakhs. It may vary depending on individual expenses.
Top Reasons to Study in the Harvard Business School
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Distinguished Faculty: HBS boasts a world-class faculty renowned for their contributions to business research and practice.
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Generous Financial Aid: Approximately 50% of students receive need-based scholarships, with the average scholarship being around $46,000 per year.
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Global Alumni Network: With over 86,000 alumni worldwide, HBS provides an extensive network that can significantly impact career trajectories.
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Innovative Learning Opportunities: HBS offers unique programs like the Advanced Leadership Initiative, allowing experienced professionals to address societal challenges.
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Career Prospects: Graduates have a median starting salary of $175,000, with a median signing bonus of $30,000, reflecting the strong demand for HBS alumni in the job market.
Admissions
Avg acceptance rate (Bachelors)
12%
Application Fee
$100 - $250
How to Apply at Harvard Business School
For MBA Applicants:
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Application Process: Submit an online application through the HBS admissions portal. Applicants must take either the GMAT or GRE. There is no preference for either test.
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English Language Proficiency: If your undergraduate institution's primary language of instruction was not English, you are required to submit TOEFL, IELTS, PTE, or Duolingo English Test scores.
For Doctoral Applicants: All applicants are required to take either the GRE or GMAT. There is no minimum test score requirement, and the admissions committee does not have a preference between the two tests.
Documents Required to Apply to Harvard Business School
|
Program Level |
Documents Required |
|---|---|
|
MBA Applicants |
Copies of all undergraduate and graduate coursework. A current resume detailing professional experience. A written response to the application prompt. Two letters of recommendation. |
|
Doctoral Applicants |
Official transcripts from all post-secondary institutions attended. Official GMAT or GRE scores. A statement outlining research interests and goals. Three letters of recommendation. |
Exams Accepted By Harvard Business School
For its MBA program, HBS accepts both the Graduate Management Admission Test (GMAT) and the Graduate Record Examination (GRE). Applicants can submit scores from either test, as the admissions committee does not express a preference for one over the other. Additionally, non-native English speakers are required to demonstrate proficiency in English, typically by taking tests like TOEFL or IELTS.
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MBA Program: GMAT or GRE.
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Doctoral Programs: GMAT or GRE.
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English Proficiency Tests: TOEFL, IELTS, PTE, or Duolingo English Test.
Campus Life
Transportation in the city
Boston offers a comprehensive public transportation system operated by the Massachusetts Bay Transportation Authority (MBTA), commonly known as the "T." It includes subway, bus, trolley, and ferry services, providing convenient access throughout the city and surrounding areas. HBS's campus in Allston is accessible via the MBTA's Red Line, with the Harvard Square station located nearby. Additionally, Boston is a bike-friendly city, and ride-sharing services are readily available.
Services offered by the university
Harvard Business School provides a range of services to support its students, faculty, and staff:
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Career Services: Comprehensive career support and exploration resources.
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Financial Aid: Generous need-based scholarships and financial assistance programs.
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Research Centers: Numerous centres are dedicated to advancing business knowledge and practice.
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Student Clubs and Organizations: Over 95 clubs that cater to a wide range of interests, providing opportunities for leadership and networking.
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Health and Wellness Services: Access to medical services, counselling, and wellness programs to support the well-being of the HBS community.
Student life at Harvard Business School
Student life at HBS is vibrant, with numerous clubs, events, and activities that foster a strong sense of community and provide opportunities for personal and professional growth.
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Diverse Community: Students come from various professional backgrounds and countries, fostering a rich exchange of perspectives.
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Case Method Learning: The primary teaching method involves analyzing real-world business scenarios, promoting active participation and critical thinking.
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Global Opportunities: Programs like FIELD Global Immersion allow students to work on projects in international settings, enhancing global business understanding.
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Social Events: Regular events, conferences, and workshops organized by student clubs and the Student Association facilitate learning, networking, and socializing beyond the classroom.
Faculty
University Faculty:Student Ratio
University Faculty Stats
HBS boasts a distinguished faculty comprising over 200 members who are leaders in their respective fields. While specific data on the average age of HBS faculty is not publicly disclosed, the school emphasizes diversity in its hiring practices. The faculty's extensive experience and diverse backgrounds enrich the learning environment, providing students with a comprehensive and nuanced understanding of business concepts and practices.
Career Opportunities
Internship opportunities at Harvard Business School
HBS emphasizes practical experience through internships:
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Summer Internships: MBA students typically undertake internships between their first and second years, gaining exposure in industries such as consulting, finance, and technology.
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Global Internships: Programs like the HBS Global Initiative offer internships that allow students to engage in international business practices.
Placement of Harvard Business School
The Class of 2024 saw graduates entering diverse industries, with consulting, finance, and technology being prominent sectors. Leading firms such as McKinsey & Company, Goldman Sachs, and Google are among the top recruiters of HBS graduates. The majority of the graduates report competitive salaries, reflecting the value of an HBS education in the marketplace.
Frequently Asked Questions
What are the average living expenses for masters at the Harvard Business School?
What is the student faculty ratio at the Harvard Business School?
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What factors should be considered when choosing the Harvard Business School
Does Harvard Business School provide scholarships for international students?
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Last updated June 10, 2026