A 6 minute read

Harvard Business School – Class Profile, Employment reports, and Notable Alumni

Harvard Business School is one of the most prestigious business schools in the world. In fact, the first name that comes to mind when thinking of an MBA is Harvard Business School. Apart from the 2-year full-time MBA, HBS offers Executive MBA programs, online programs, and 8 doctoral programs. HBS is the business school which originally used the case method as the primary method of teaching. It was designed to prepare students to face real business challenges.

harvard business school

However, the current HBS MBA curriculum is a mix of case method and experiential courses. The school has introduced a FIELD course, which is an acronym for Field Immersion Experiences for Leadership Development, which is a series of interactive workshops for first-year students. In the second year, FIELD global immersion sends student teams into global markets to help partner organizations develop a new product or service. An elective FIELD course provides seed capital to students to launch a ‘micro- business’ as termed by HBS.

Therefore, before thinking on how to get into Harvard Business School, let’s take a look at detailed information of HBS class profile and career prospects. The objective of this article is to help you research how HBS can help you achieve career goals.

Here is the outline of the article:

harvard business school

General information on the Harvard Business School

Location – Soldiers Field, Boston, MA 02163

Dean – Nitin Nohria

Admissions Office – MBA Admissions, Harvard Business School, Dillon House, Boston, MA 02163
Phone: +1-617-495-6128
Email: admissions@hbs.edu

Social media – FacebookTwitterYouTubeInstagram, LinkedIn

Want to know more about other business schools? Here is a list of articles with detailed information on Stanford, Wharton, Kellogg, Booth, INSEAD, and many more.

Harvard Business School MBA Class profile, cost of attendance, median salary, GMAT score

Below are the details on the HBS MBA program’s class profile, cost of attendance, median salary. Here is the list of the total cost (tuition fee + living expenses) of top MBA programs across the world.

S. No. Harvard Business School Numbers
1 Average GMAT score 730
2 Average GPA 3.70
3 Class Size 938
4 GMAT Range 590 – 800
5 Work Experience (Average) 4.7 years
6 Tuition Cost (per year) $73,440
7 Average Age 27
8 % Employed within 3 months after graduation 94%
9 Median Base Salary $148,750
10 Median Signing Bonus $30,000

 

What GMAT score is considered a good score? Read this article to know what is a good GMAT score for HBS.

Getting into HBS requires an envious GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1855 reviews (as on Nov 6, 2019). Why don’t you take a free trial and judge it for yourself?

HBS MBA incoming class profile 2019

Here are the detailed statistics on Harvard Business School MBA incoming class of 2019. Harvard Business School’s admission process is highly competitive and therefore, it boasts a low acceptance rate. The acceptance rate for HBS 2018 admissions was 10.1%. Moreover, the yield rate of HBS is the highest, which is 91%.

Read this article to understand the meaning of acceptance rate and yield rate and get access to acceptance and yield rate of top 50 business schools.

 

Applications received by HBS 9,228
Enrolled 938
HBS GMAT Scores (middle 80%) 700 – 760
Undergraduate GPA (middle 80%) 3.2 – 3.9
Work Experience (middle 80%) 3 – 15 years
Average age (middle 80%) 25 – 31
% of women in the class 43%
% of international citizens 37%
Countries represented 71

Here are the 7 steps to getting into Harvard Business School. If you are interested in Stanford, then this article will guide you on how to get into stanford MBA.

Pre-MBA industry of HBS MBA incoming class 2019

The below data gives the details of the pre-MBA experience of HBS incoming class of 2019 (graduating class of 2021). 43% of the class had experience in consulting, Financial Services, and Venture capital/ private equity.

Pre-MBA Industry – HBS Incoming class of 2019
Venture Capital/ Private Equity 16%
Consulting 15%
Financial Services 12%
Manufacturing/ Industrial/ Energy 12%
Technology 12%
Consumer Products/ Retail/ E-Commerce 9%
Nonprofit/ Government/ Education 8%
Health Care/ Biotech 7%
Military 4%
Services 4%
Media/ Entertainment/ Travel 3%

harvard business school pre mba experience of incoming class 2019

HBS MBA Application deadlines 2019 – 2020

For the 2019 admissions, Harvard Business School dropped its third round. Instead, it dedicated the previous round 3 exclusively for its deferred MBA program HBS 2+2. Here are the application deadlines for 2019 admissions.

HBS admission rounds Application Deadline Decisions
Round One September 4, 2019 December 10, 2019
Round Two January 6, 2020 March 31, 2020
HBS 2+2 April 2, 2020 June 3, 2020

 

Getting into HBS requires an envious GMAT score. We can help you with a personalized study plan and give you access to quality online content to prepare. Write to us at acethegmat@e-gmat.com. We are the most reviewed GMAT prep company on gmatclub with more than 1855 reviews (as on Nov 6, 2019). Why don’t you take a free trial and judge it for yourself?

HBS MBA employment and salaries

The graduating class of 2018 reported a median salary of $140,000 and a median signing bonus of $25,000. 65% of the class received the signing bonus. 29% of the class accepted employment in the Financial services industry, followed by 25% in consulting and 19% in technology.

Employment by industry

Consulting and financial services industry paid the highest median base salary of $150,000 to the 2018 graduating class of HBS MBA program. However, the contrast lies in the signing bonus where 94% of the students joining the consulting industry received a signing bonus as compared to only 43% joining the financial services industry. Here is the detailed data on industry-wise employment of 2018 class of HBS.

harvard business school employment industry

Percentage Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Consulting 25% $150,000 $25,000 94%
Consumer Products 3% $115,000 $35,000 85%
Entertainment / Media 4% $130,000 $25,000 40%
Entertainment 4% $130,000 $25,000 40%
Financial Services 29% $150,000 $40,000 43%
Investment Banking / Sales & Trading 6% $125,000 $50,000 94%
Investment Management / Hedge Fund 6% $150,000 $35,000 33%

Venture Capital / Private Equity / LBO

15% $150,000 $22,500 27%
Other Financial Services 2% $100,000 $15,000 46%
Health Care 6% $125,000 $25,000 75%
Biomed / Pharmaceutical 3% $130,000 $25,000 80%
Health-Related Services 3% $125,000 $25,000 69%
Manufacturing 5% $130,000 $20,000 76%
Aero / Auto / Transport Equipment 1% $145,000 * *
Cleantech <1% $125,000 * *
Energy / Extractive Minerals <1% * * *
Highly Diversified 2% $130,000 $30,000 100%
Other Manufacturing <1% * * *
Nonprofit / Government 2% $95,000 * *
Government 1% $95,000 * *
Nonprofit 1% $95,000 * *
Retail / Trading 3% $132,500 $27,500 63%
Services 3% $120,000 $17,500 38%
Real Estate 3% $120,000 $15,000 39%
Other Services <1% * * *
Technology 19% $130,000 $30,000 72%
Consumer Electronics 1% $140,000 $50,000 89%
E-Commerce 4% $130,000 $50,000 91%
Equipment / Hardware / Networking <1% * * *
Internet Services 5% $130,000 $25,000 83%
Software 6% $135,000 $20,000 55%
Other Technology 2% $120,000 $20,000 50%
ALL INDUSTRIES 100% $140,000 $25,000 65%

Employment by job function

Here are the detailed figures on function wise employment accepted by the 2018 graduating class of HBS.

Percent Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Business Development 8% $130,000 $22,500 49%
Consulting 26% $150,000 $25,000 93%
Finance 29% $150,000 $40,000 44%
Corporate Finance 1% $120,900 $35,000 88%
Investment Banking / Sales & Trading 5% $125,000 $50,000 94%
Investment Management / Hedge Fund 4% $150,000 $25,000 35%
Venture Capital / Private Equity / LBO 14% $150,000 $25,000 27%
Other Finance 3% $120,000 $20,500 30%
General Management 16% $125,000 $25,000 72%
Operations / Manufacturing 3% $120,000 $20,000 53%
Project Management 1% $130,000 $20,000 78%
Rotational / Leadership Development 4% $125,000 $27,500 78%
Other General Management 7% $130,000 $30,000 77%
Marketing 11% $135,000 $25,000 79%
Brand Management <1% $110,000 * *
General Marketing 1% $120,000 $20,000 100%
Product Management 8% $137,500 $27,500 78%
Sales <1% * * *
Other Marketing <1% * * *
Strategic Planning 8% $130,000 $25,000 51%
Other 3% $127,500 $25,000 72%
Product Development <1% * * *
Real Estate 1% $120,000 * *
All Other 1% $130,000 $37,500 86%
ALL FUNCTIONS 100% $140,000 $25,000 65%

Employment by location

86% of the HBS graduating class of 2018 found employment in the United States with a median base salary of $142,000. 41 % of the class found employment in the North-East with 24% finding jobs in New York.

Below are detailed figures on employment location of 2018 graduating class of Harvard Business School.

harvard business school location of employment

Percent Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Mid-Atlantic 4% $147,500 $25,000 48%
Washington – DC 2% $150,000 $25,000 46%
Other Mid-Atlantic 2% $145,000 $25,000 50%
Midwest 7% $135,000 $25,000 83%
Chicago – IL 4% $147,000 $25,000 77%
Other Midwest 3% $130,000 $25,000 90%
Northeast 41% $145,000 $25,000 61%
Boston – MA 11% $147,000 $25,000 63%
New England (Except Boston) 4% $137,500 $27,500 78%
New York – NY 24% $140,000 $30,000 56%
Other Northeast 2% $145,000 $25,000 82%
South 4% $148,500 $25,000 92%
Atlanta – GA 2% $152,000 $25,000 92%
Other South 2% $117,500 $25,000 92%
Southwest 4% $147,000 $25,000 76%
Texas 3% $150,000 $25,000 88%
Other Southwest 1% $125,000 * *
West 26% $140,000 $25,000 70%
California – Bay Area 16% $145,000 $25,000 65%
California – Los Angeles Area 5% $147,000 $25,000 64%
California – Other <1% * * *
Pacific Northwest 5% $130,000 $50,000 97%
Other West <1% * * *
Asia 4% $125,000 $25,000 43%
China <1% * * *
Hong Kong, SAR <1% * * *
India <1% * * *
Other Asia 3% $115,000 $22,500 50%
Australia & Oceania <1% * * *
Canada 1% $138,500 $20,540 67%
Europe 5% $125,000 $23,800 43%
United Kingdom 3% $125,000 $19,657 33%
Other Europe 1% $125,000 $26,900 67%
Latin America 3% $90,000 $25,000 81%
Brazil <1% * * *
Other Latin America 2% $90,000 $22,500 77%
Middle East & North Africa <1% * * *
Sub-Saharan Africa <1% * * *
UNITED STATES 86% $142,000 $25,000 67%
INTERNATIONAL 14% $122,101 $25,000 56%
ALL LOCATIONS 100% $140,000 $25,000 65%

Harvard Business School – Notable Alumni

Harvard Business School has a very strong base of 83,000+ alumni in 171 countries. Here are some notable alumni of Harvard Business School.

harvard business school alumni

  • Walter Haas – Former CEO of Levi Strauss & Co.
  • Robert S. McNamara – Former Secretary of Defense
  • Philip Caldwell – Former CEO of Ford Motor Company
  • Robert Kraft – Chairman of the Kraft Group (and owner of the New England Patriots)
  • Michael Bloomberg – Founder of Bloomberg and former mayor of New York City
  • Stephen Schwarzman – Chairman and CEO of the Blackstone Group
  • Mitt Romney – Former Massachusetts Governor and Presidential Candidate
  • George W. Bush – Former President of the United States
  • Anne Moore – Former CEO of Time, Inc.
  • Meg Whitman – Chairman and CEO of Hewlett Packard
  • Jamie Dimon – Chairman of JPMorgan Chase
  • Jeffrey Immelt – Chairman and CEO of General Electric
  • Michael Lynton – CEO of Sony Entertainment and Sony Pictures
  • Abigail Johnson – Chair of Fidelity Worldwide Investment
  • Sheryl Sandberg – COO of Facebook and author of Lean In
  • Sal Khan – Founder of Khan Academy
  • Rajat Gupta – Former Managing Director of McKinsey & Co.
  • G. Lafley – Chairman of Procter & Gamble
  • Fritz Henderson – Former President of General Motors
  • Liam Byrne – Former Education Minister in the United Kingdom

MBA Program Consideration Set:

Stretch Schools: None

Match Schools: Stanford, Chicago Booth, Wharton, Columbia, Dartmouth Tuck

Safety Schools: Kellogg, MIT Sloan, Berkeley Haas, Duke Fuqua, Virginia Darden

Information Source – HBS MBA employment report

People who read this article also read

32 thoughts on “Harvard Business School – Class Profile, Employment reports, and Notable Alumni”

Let's discuss further - What's your take?