Highlights:
- Harvard Business School has an acceptance rate of 13% for the MBA program.
- To gain admission to Harvard Business School, international students must have a bachelor’s degree with a GPA of 3.6 out of 4.0 (91%).
- Harvard Business School has been ranked #3 as per LinkedIn Top MBA 2024 rankings
- Prospective students at Harvard Business School are required to pay annual tuition fees of up to 89,000 USD (73.86 lakhs INR).
Harvard Business School is the top business school of Harvard University and was established in 1908. For admission to MBA in HBS, students must demonstrate a bachelor’s degree with a GPA of 3.6 out of 4.0 (91%) and professional experience of 5 years. HBS expects a high GMAT score between 540 to 790 from prospective students. PhD applicants require an undergraduate degree with the 80th percentile to be eligible to apply. Recently LinkedIn has also ranked the university #3 among top business schools of 2024 globally.
The total annual tuition fees for prospective students at Harvard Business School are up to 89,000 USD (73.86 lakhs INR). The b-school ensures a bright career to its graduates with a reported median base salary of 175,000 USD (1.43 crore INR). HBS graduates are in high demand across a majority of the leading companies in the world including Microsoft, Amazon, Apple, IBM, Tesla, Facebook, Deloitte, and Bank of America among others.
Harvard Business School Rankings
Harvard Business School is often considered among the top 5 b-schools in the world according to globally trusted ranking agencies. Harvard Business School is ranked at #2 in Global MBA by Financial Times. Forbes has placed HBS at #4 position in the world among the best U.S. Business Schools. Following are some of the significant ranks achieved by Harvard Business School:
| Ranking Type | 2024 | 2023 | 2022 |
|---|---|---|---|
| Linkedin Top MBA 2024 | #1 | NA | NA |
| QS Full-time MBA Rankings - Global | #3 | #2 | #=2 |
| QS Full-time MBA Rankings - United States | #3 | #2 | #=2 |
Check out the following comparisons of HBS and its courses with some of the top ranked B-schools in the world:
Harvard Business School Courses
Harvard Business School offers a 2-year full time MBA program, along with 8 full-time masters programs leading to doctoral courses, and online programs. HBS offers executive education courses across 74 topics for both individuals and organizations. Online programs are offered in 6 study areas. Some of the top programs in HBS and their respective tuition fees per year are tabulated below.
Harvard Business School Campus
HBS campus is residential, self-contained with 33 buildings on 40 acres of land. HBS campus environment significantly enriches the educational experience by providing a chance to interact with the faculty beyond the classroom.
Harvard Business School Student Life
- Harvard Business School exhibits over 95 clubs and more than 200 leadership positions in the Student Association.
- You can enhance their leadership and organizational management experience, explore their interest, and create network through the Student Association.
- Events like workshops, conferences, and talk shows are organized by Student Clubs for learning, networking, and socializing beyond the classroom.
Harvard Business School Admissions
Harvard Business School has enrolled 11,588 on-campus students. HBS students represent 146 countries International students seeking Harvard Business School admissions can go through the below-mentioned details.
Harvard Business School MBA Admission Requirements
| Category | MBA Admission Requirements |
|---|---|
| Application Portal | HBS Application Portal |
| Application Fee | 250 USD (20,750 INR) |
| Academic Requirements | Bachelor’s degree (approved and accredited institution) |
| GPA | 3.6 out of 4.0 (91%) |
| English Proficiency Requirements | TOEFL iBT: 109 | IELTS: 7.5 |
| Standardized Test Score | GMAT Range: 540-790 | GRE Range: 147-170 [Verbal] | 150-170 [Quantitative] |
| Essay/LOR | 2 Essays (400 words) | 2 LORs |
| Work Experience | Work experience of 5 years |
| Additional Requirements | Updated CV/Resume | Interviews |
Harvard Business School PhD Admission Requirements
| Category | PhD Admission Requirements |
|---|---|
| Application Portal | HBS Doctoral Application |
| Application Fee | 105 USD (8,714 INR) |
| Academic Requirements | Undergraduate degree |
| GPA | 80th percentile |
| English Proficiency Requirements | TOEFL: 100 / IELTS: 7.5 |
| Standardized Test Score | GMAT: 680 | GRE: 325+ |
| SOP/ LOR | SOP | 3 LORs (1 academic LOR) |
| Additional Requirements | Optional writing sample (10 pages) | CV/Resume | Proof of financial support | Copy of Passport |
Harvard Business School Acceptance Rate
HBS exhibits an acceptance rate of 13% for its MBA program. The school exhibits an extremely high acceptance rate of 3% for its PhD program.
Harvard Business School Cost of Attendance
Harvard Business School cost of attendance comprises tuition costs and living expenses. Harvard MBA tuition fee in 74,910 USD (62.17 lakhs INR) per year. The distribution of expenses in the form of an estimated budget for international students in USA for HBS students, is as mentioned below:
| Type of Expense | Annual Cost in USD | Annual Cost in INR |
|---|---|---|
| Tuition Fee | Up to 89,000 | Up to 73.86 lakhs |
| Student Health Fee | 1,408 | 1.16 lakhs |
| Student Health Insurance Plan | 4,120 | 3.41 lakhs |
| Course and Program Materials Fee | 2,600 | 2.15 lakhs |
| Housing | 16,200 to 31,500 | 13.44 to 26.14 lakhs |
| Food | 6,030 to 11,090 | 5 to 9.20 lakhs |
| Transportation | 2,240 to 3,900 | 1.85 to 3.23 lakhs |
| Other Living Expenses | 8,130 to 16,340 | 6.74 to 13.56 lakhs |
Harvard Business School Cost Comparison
| Institution | MBA Tuition Fee in USD | Equivalent Tuition Fee for Indians in INR |
|---|---|---|
| Harvard Business School | 74,910 | 62.17 lakhs |
| Stanford GSB | 79,860 | 66.28 lakhs |
| MIT Sloan School of Business | 82,000 | 68.05 lakhs |
Harvard Business School Scholarships
Harvard Business School scholarships provide up to full-tuition fee waiver to both domestic and international students. You should apply for any of the scholarships they are eligible for at the time of submitting their application. HBS offers 100% tuition fee scholarships for MBA students in absolute financial need. About 50% of the student population at the school receive some kind of financial help.
On average, HBS Scholarships provided 42,000 USD per year to each recipient for a 2-year program duration. Following are some of the popular financial aid options for international students in Harvard Business School.
HBS Financial Aid for International Students
| Type of Aid | Eligibility | Award Amount |
|---|---|---|
| HBS Scholarship | On being admitted to the school, all students can apply for this scholarship | Total: 84,000 USD or 42,000 USD per year |
| Summer Fellowships | For students joining small or large organizations in for-profit industry | Students founding new ventures and seeking for capital | Up to 650 USD per week |
| Loans | Need-based | 89,000 USD | Needs to be repaid |
Some studentships that applicants at the institute can avail are mentioned below:
- Search Fund Fellowship: The program finances to defray living and self-funded career search cost of graduating students. Financial aid up to 60,000 USD (49.81 lakhs INR) per year, and is renewable for 2 years amounting 120,000 USD (99.63 lakhs INR)
- Rock Center Loan Forgiveness for Entrepreneurs: One-time need-based award in the range of 1,000-20,000 USD (83,030 to 16.60 lakhs INR) 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 (4.15 to 12.45 lakhs INR) at the time of graduation
Harvard Business School Placements
Harvard Business School organizes various career fairs for its students like Fall Career Fair, Startup Career Fair, Career Link, Career Assessment Activities, and numerous others. Around 73% HBS students secured employment after graduation. 86% graduates received an offer from employers, among which, 80% students accepted an offer. The median base salary of HBS graduates is 175,000 USD (1.43 crore INR). Around 63% of the employed graduates receive an average signing bonus of 30,000 USD (24.61 lakhs INR).
The reported average salary of HBS graduates according to their chosen programs are provided below:
| Program/ Degree | Average Annual Salary in USD | Equivalent Tuition Fee in INR |
|---|---|---|
| MBA | 168,000 | 1.37 crore |
| Executive Masters | 172,000 | 1.41 crore |
| Executive MBA | 160,000 | 1.32 crore |
| Doctorate | 190,000 | 1.55 crore |
Top employers of HBS graduates include Microsoft, Amazon, Apple, Walmart, Wayfair, MGM, Tesla, IBM, Facebook, JPMorgan Chase & Co., Adobe, Deloitte, HBO, Capital One, Bank of America, and Vivo among others. The top employers of Harvard Business School graduates HBS 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 | 26% |
| General Management | 10% |
| Marketing | 12% |
| Strategic Planning | 8% |
| Business Development | 7% |
| Healthcare | 5% |
| Others | 4% |
Harvard Business School Alumni
Harvard Business School alumni community consists of 89,000 alumni living in 173 countries. HBS alumni are offered with lucrative advantages including access to the offers made by the Credit Union of the college, Alumni Select, free access to library and health & fitness services, and more.
Harvard Business School Notable Alumni
| Alumni | Designation |
|---|---|
| Ratan Tata | Indian Industrialist (Tata Sons.) |
| Anand Mahindra | Indian Businessman (Mahindra & Mahindra) |
| Rahul Bajaj | Chairperson of Bajaj Group |
| Sheryl Sandberg | Former COO of Meta Platforms |
| George W. Bush | 43rd US President |
| Michael Bloomberg | Former Mayor of the New York City |
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 is 13% for MBA program and 3% for its PhD program. The admission process for HBS is tough to crack. Students will have to produce excellent scores to get into HBS.
Ques. What is the rank of Harvard Business School?
Ans. Harvard Business School ranks among the top 5 b-schools in the world. Some of the significant ranks achieved by Harvard Business School:
| Ranking Type | 2024 | 2023 | 2022 |
|---|---|---|---|
| QS Full-time MBA Rankings - Global | #3 | #2 | #=2 |
| QS Full-time MBA Rankings - United States | #3 | #2 | #=2 |
Ques. How much is the tuition fee for MBA at Harvard Business School?
Ans. Harvard Business School charges up to 89,000 USD (73.86 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 30 lakhs INR per year.
Ques. Can international students take admission in Harvard Business School?
Ans. Yes. International students are accepted in HBS from 146 countries. 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 the admitted students are in the range of 590-790.
Ques. What is the academic requirement for HBS?
Ans. HBS needs a GPA score of 3.6 out of 4.0 (91%), for admission. International non-English speaking students have to also submit minimum TOEFL iBT score of 109 or IELTS score of 7.5.
Harvard Business School Program Fees & Deadlines
| Program | Important Dates | Fees | Exams Score |
|---|---|---|---|
M.S Data Science 2 years | Application deadline for 2025 Intake (1st Dec 2024) | INR 53.4 L/Yr USD 63,624 /Yr |
|
M.B.A 2 years | Application deadline for 2025 Intake (1st Dec 2024) | INR 64.1 L/Yr USD 76,410 /Yr |
|
L.L.M 1 year | Application deadline for 2025 Intake (1st Dec 2024) | INR 64.7 L/Yr USD 77,100 /Yr |
|
B.S Psychology 4 years | Restrictive Early Action application deadline (1st Nov 2024) Regular decision deadline for 2025 Intake (1st Jan 2025) Transfer application deadline (1st Mar 2025) | INR 47.5 L/Yr USD 56,550 /Yr |
|
Application deadline for 2025 Intake (1st Dec 2024) | INR 53.4 L/Yr USD 63,624 /Yr |
| |
B.A Computer Science 4 years | Early action deadline for 2025 Intake (1st Nov 2024) Regular decision deadline for 2025 Intake (1st Jan 2025) | INR 53.4 L/Yr USD 63,624 /Yr |
|
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Harvard Business School comparison
| University Name | Harvard Business School | The Wharton School | Columbia Business School | London Business School | Kellogg School of Management | MIT Sloan School of Management | University of Chicago Booth School of Business | Yale School of Management | Said Business School | Stanford Graduate School of Business |
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| Placement | Top recruiters: A.T. Kearney, Amazon, Amazon Studios, American Express, Alpine Investors, Bayshore Global Management, EY-Parthenon, Exxon Mobil Corporation, Facebook, JPMorgan Chase, YouTube, Yelp, Xandr, Xiaomi. | Top recuiters: Adobe, Amazon, Apple, Caterpillar, Cisco, Paypal, Deloitte Consulting, New York Islanders, Tesla, Twitter, Uber, Siemens Management Consulting, TripAdvisor, LinkedIn, Samsung, PWC Strategy, HubSpot, IBM, Microsoft | ||||||||
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| CollegeDunia Reviews | - | - | - | 6.9/10 Read 2 reviews | - | - | - | - | - | - |
| Acceptance Rate | 13.0 % | - % | - % | - % | - % | 4.1 % | - % | - % | - % | - % |
| Exam Score | - | - | - | - | - | - | - | - | ||
| - | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison |
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Harvard Business School Scholarships
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Horace W. Goldsmith Fellowship | Scholarship per student₹ 8.4 L/Yr$10,000 | Level Of StudyMaster | TypeCollege-Specific | |
| QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| Richard A. Freund International Scholarship | Scholarship per student₹ 4.2 L/Yr$5,000 | Level Of StudyDoctorate | TypeMerit-Based | |
| WU Foundation Global 52 Scholarship | Scholarship per student₹ 2.1 L/Yr$2,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Hani Zeini Scholarship | Scholarship per student₹ 83,940/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| The University of Chicago scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based |
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Harvard Business School Admissions
Application Portal: https://www.hbs.edu/mba/admissions/Pages/default.aspx
ROUND 1 Deadlines
Important Date: December8 (Application deadline)ROUND 2 Deadlines
Important Date: March30 (Application deadline)
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
Harvard Business School Accreditations
Faculty
| Total Faculty | Full Time | Part Time | Graduate Assistants |
|---|---|---|---|
| 271 | - | - | - |
Harvard Business School Campus Location
Nearby This Campus
- Airport
Airport
● All distance are measured radially. Actual distance may vary
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Comments
2 Comments
Our counselor will reach out to you soon, However, in the meantime, you can refer here for admission details
I want to do my PhD at your reputed university, and I want to do my eligibility check. Can you please let me know?
Various programs have different eligibility criteria. However, you can explore the HSB courses to learn more about the curriculum, fees, and other details.