Tuition Assistance at Harvard Business School: The Harvard Business School (HBS) is a world-renowned institution known for its rigorous academic programs, distinguished faculty, and extensive network of successful alumni. HBS, which is part of Harvard University, is consistently ranked as one of the world’s top business schools.
HBS offers a range of academic programs, with its Master of Business Administration (MBA) program being the most prominent.This two-year program is designed to cultivate leadership skills and prepare students to make a significant impact in their professional careers and communities.
Other notable programs at HBS include- Executive MBA (EMBA), a part-time program designed for experienced professionals who want to advance their careers. Doctor of Business Administration (DBA), this is a research-intensive program for those seeking academic leadership positions. HBS offers Custom Programs, which are educational experiences tailored to specific corporations and organisations.
How much does it cost to study at Harvard Business School?
The average cost of attending HBS, especially for the MBA program, is among the highest globally. The total cost, which includes tuition, room and board, and other expenses, is estimated to be around $300,000. For the most accurate and current information, prospective students should check the official HBS webpage for course-specific details.
Financial aid and tuition assistance at Harvard Business School
HBS understands that investing in education is a significant financial commitment, and it provides substantial tuition assistance through need-based scholarships. These scholarships do not require repayment and are open to both domestic and international students.
Approximately half of all HBS students receive a need-based scholarship, with an average annual award of $46,000, for a total of $92,000 over two years. HBS is also expanding its scholarship program to cover full tuition for students with the greatest financial need and to support more students from middle-income families.
How is ‘financial need’ determined?
The HBS financial aid team assesses a student’s financial need by examining several factors:
Gross Income: Average income over the past three years.
Assets: Total financial assets owned by the applicant.
Socioeconomic Background: The financial context of the student’s upbringing.
Undergraduate Debt: The amount of debt carried from previous educational experiences.
A standardised formula is used to calculate scholarship awards, taking into account all relevant elements. Students with higher earnings are expected to contribute more, whereas those with lower earnings bear a lighter financial burden. For married students or those with children, the assessment includes a portion of the spouse’s income and assets, as well as increased living expenses.
What are the types of financial aid offered at Harvard Business School?
HBS offers a combination of need-based scholarships and student loans to meet the cost of attendance. Some students may also qualify for additional funding through HBS Complementary Fellowships. To cover any remaining expenses, students are expected to use personal savings or seek external funding.
HBS Scholarships: Primarily funded by alumni contributions, these scholarships aim to create connections between past and current HBS classes. Alumni-driven funding also helps to foster relationships between students and alumni who share similar backgrounds or career aspirations.
Complementary Fellowships: Additional funding opportunities available to students who meet certain eligibility criteria.
Student Contribution: Includes personal savings, student loans, and, when applicable, employer sponsorship or outside funding.
Additional funding options
The financial aid team at HBS encourages students to explore various funding avenues, including external scholarships, student loans, and HBS Complementary Fellowships, to supplement any need-based scholarship and meet the overall cost of attendance. For students receiving employer sponsorship or loans, these are considered as external scholarships, and such students may not qualify for HBS Scholarships.
HBS offers a range of academic programs, with its Master of Business Administration (MBA) program being the most prominent.This two-year program is designed to cultivate leadership skills and prepare students to make a significant impact in their professional careers and communities.
Other notable programs at HBS include- Executive MBA (EMBA), a part-time program designed for experienced professionals who want to advance their careers. Doctor of Business Administration (DBA), this is a research-intensive program for those seeking academic leadership positions. HBS offers Custom Programs, which are educational experiences tailored to specific corporations and organisations.
How much does it cost to study at Harvard Business School?
The average cost of attending HBS, especially for the MBA program, is among the highest globally. The total cost, which includes tuition, room and board, and other expenses, is estimated to be around $300,000. For the most accurate and current information, prospective students should check the official HBS webpage for course-specific details.
Financial aid and tuition assistance at Harvard Business School
HBS understands that investing in education is a significant financial commitment, and it provides substantial tuition assistance through need-based scholarships. These scholarships do not require repayment and are open to both domestic and international students.
Approximately half of all HBS students receive a need-based scholarship, with an average annual award of $46,000, for a total of $92,000 over two years. HBS is also expanding its scholarship program to cover full tuition for students with the greatest financial need and to support more students from middle-income families.
How is ‘financial need’ determined?
The HBS financial aid team assesses a student’s financial need by examining several factors:
Gross Income: Average income over the past three years.
Assets: Total financial assets owned by the applicant.
Socioeconomic Background: The financial context of the student’s upbringing.
Undergraduate Debt: The amount of debt carried from previous educational experiences.
A standardised formula is used to calculate scholarship awards, taking into account all relevant elements. Students with higher earnings are expected to contribute more, whereas those with lower earnings bear a lighter financial burden. For married students or those with children, the assessment includes a portion of the spouse’s income and assets, as well as increased living expenses.
What are the types of financial aid offered at Harvard Business School?
HBS offers a combination of need-based scholarships and student loans to meet the cost of attendance. Some students may also qualify for additional funding through HBS Complementary Fellowships. To cover any remaining expenses, students are expected to use personal savings or seek external funding.
HBS Scholarships: Primarily funded by alumni contributions, these scholarships aim to create connections between past and current HBS classes. Alumni-driven funding also helps to foster relationships between students and alumni who share similar backgrounds or career aspirations.
Complementary Fellowships: Additional funding opportunities available to students who meet certain eligibility criteria.
Student Contribution: Includes personal savings, student loans, and, when applicable, employer sponsorship or outside funding.
Additional funding options
The financial aid team at HBS encourages students to explore various funding avenues, including external scholarships, student loans, and HBS Complementary Fellowships, to supplement any need-based scholarship and meet the overall cost of attendance. For students receiving employer sponsorship or loans, these are considered as external scholarships, and such students may not qualify for HBS Scholarships.
