What Is Harvard Business School?

Harvard Business School is an internationally renowned business school located at Harvard University in Boston, Massachusetts. Founded in 1908, it admits roughly 1,000 students to its MBA program per year and regularly ranks among the top business schools in the world.

In addition to its Master in Business Administration (MBA) program, the school also offers various other doctoral and executive education programs, some of which are provided in coll🐭aboration with partnering institutions such as Harvard Law School and the John F. Kennedy School of Government.

The school is consistently ranked as one of the best business schools in the world. U.S. News & World Report ranks Harvard Business School as the fifth best business school and the Financial Times rates its MBA program as no. 4 in the world.

Understanding Harvard Business School

Harvard Business School was founded in 1908 and established the world's first MBA program. In 1922, the doctoral program and the Harvard Business Review were both founded. The school regularly ranks in the top five graduate business programs internationally and is undoubtedly one of the best-known business schools in the world.

One reason for its substantial 澳洲幸运5开奖号码历史查询:brand recognition is the many books and other publications put forward by the Harvard Business School Publishing Corporation (HBSPC). In addition to publishing the scholarly works of Harvard Business School’s roughly 270 full-time faculty members, the HBSPC is also responsible for publishing the famous Harvard Business Review.

As is typical of the so-called 澳洲幸运5开奖号码历史查询:Ivy League universities, Harvard Business School is very selective of who it admits into its program. The school has an acceptance rate of approximately 10%. The doctoral program is typically even more competitive, with a 4% admission rate between 2012 and 2018.

For those students whose applications are accepted, the financial cost of attendance can pose a substantial barrier, with the MBA program costing approximately $115,000 per year for the 2023-2024 school year. Of this, roughly $75,000 is attributable to direct tuition fees while the remainder is due to ancillary costs such as 澳洲幸运5开奖号码历史查询:health insurance, course and program materials, rental accommodation, and other living expenses.

Academic Programs

Harvard Business School offers a variety of programs, including an MBA, Executive MBA, online certificate courses, joint MBA degrees, and doctoral programs. The Ph.D. concentrations are in accounting and management, business economics (includes finance), health policy (management), management, marketing, organizational behavior, strategy, and technology and operations management.

The online certificates are available in the concentrations of business essentials, strategy, leadership and management, finance and accounting, entrepreneurship and innovation, and business in society. The joint MBA degrees are available with the Harvard Kennedy School, the Harvard Graduate School of Arts and Sciences, the Law School, the Medical School, the School of Dental Medicine, and the School of Engineering and Applied Sciences.

Cost

The total cost for the MBA program for the 2023-2024 academic year is $115,638 for a single individual. This includes tuition, a student health fee, health insurance, course and program materials fee, and nine months of housing, food, transportation, and other living expenses. Tuition alone is $74,910. Note that the MBA program is two years.

Alumni of Harvard Business School

The Harvard Business School's stated mission is to educate leaders who make a difference in the world. Some notable alumni include Salman Khan, founder of the self-education website Khan Academy; Meg Whitman, former president and CEO of eBay; James D. Wolfensohn, former president of the 澳洲幸运5开奖号码历史查询:World Bank; Henry Paulson, former U.S. Secretary of the Treasury and CEO of Goldman Sachs; Sheryl Sandberg, COO of Meta (Facebook); Michael Bloomberg, founder and CEO of Bloomberg; Mitt Romney, former Bain & Company CEO and current senator, and George W. Bush, former President of the U.S. Alumni and friends of the school have provided a high level of support for the school throughout its history.

As of 2023, Harvard Business School had 89,000 living alumni collectively representing 173 countries. The most prominent industries in which they work are finance (澳洲幸运5开奖号码历史查询:venture capital, investment banking, and investment management), consulting, marketing, and general management.

The Bottom Line

Harvard Business School is one of the best business schools in the world, and as such, one of the most difficult to get into. It boasts a large and prominent alumni network and regularly publishes well-respected papers on a variety of business topics. The school is very expensive to attend, so prospective students should weigh the costs and benefits before deciding.