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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 1860 reviews. Why don’t you take a free trial and judge 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 class 2021

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 class of 2021
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 1860 reviews. Why don’t you take a free trial and judge it for yourself?

HBS MBA employment and salaries

The graduating class of 2019 reported a median salary of $148,75 and a median signing bonus of $30,000 compared to median salary of $140,000 and median bonus of $25,000 for class of 2018. 57% of the class received the signing bonus. 29% of the class accepted employment in the Financial Services industry, followed by 21% in consulting and 20% in technology.

Employment by industry

Consulting industry paid the highest median base salary of $165,000 to the 2019 graduating class of HBS MBA program followed by Financial Services ($150,000). However, the contrast lies in the signing bonus where 93% of the students joining the consulting industry received a signing bonus as compared to only 41% joining the financial services industry. Here is the detailed data on industry-wise employment of 2019 class of HBS.

HBS MBA employment by industry for class of 2019

 

Percentage Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Consulting 21% $165,000 $30,000 93%
Consumer Products 3% $127,500 $20,000 50%
Entertainment / Media 3% $149,000 $22,500 50%
Financial Services 29% $150,000 $30,000 41%
Investment Banking / Sales & Trading 3% $150,000 $57,500 81%
Investment Management / Hedge Fund 4% $150,000 $30,000 67%

Venture Capital / Private Equity / LBO

20% $160,000 $25,000 31%
Other Financial Services 1% $145,000 * *
Health Care 7% $130,000 $30,000 54%
Biomed / Pharmaceutical 2% $130,000 $35,000 67%
Health-Related Services 4% $140,000 $20,000 46%
Manufacturing 7% $130,000 $25,000 56%
Aero / Auto / Transport Equipment 2% $140,000 $25,000 62%
Cleantech <1% * * *
Energy / Extractive Minerals 2% $140,000 $25,000 64%
Highly Diversified 2% $120,000 $40,000 82%
Other Manufacturing <1% * * *
Nonprofit / Government 5% $100,000 * *
Government 2% $100,000 * *
Nonprofit 2% $100,000 * *
Retail / Trading 3% $120,000 $30,000 68%
Services 3% $140,000 $16,250 30%
Real Estate 2% $140,000 * *
Other Services 1% $140,000 * *
Technology 20% $135,000 $25,000 60%
Consumer Electronics 1% $130,000 $37,500 86%
E-Commerce 2% $130,000 $50,000 73%
Equipment / Hardware / Networking 0% * * *
Internet Services 5% $135,000 $30,000 67%
Software 8% $135,000 $20,000 50%
Other Technology 4% $145,000 $15,000 59%
ALL INDUSTRIES 100% $148,750 $30,000 57%

Employment by job function

Here are the detailed figures on function-wise employment accepted by the 2019 graduating class of HBS.

HBS MBA employment by function for class of 2019

Percent Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Business Development 9% $135,000 $25,000 52%
Consulting 22% $165,000 $30,000 91%
Finance 29% $150,000 $30,000 46%
Corporate Finance 1% $135,000 * *
Investment Banking / Sales & Trading 3% $150,000 $60,000 88%
Investment Management / Hedge Fund 4% $150,000 $30,000 58%
Venture Capital / Private Equity / LBO 18% $160,000 $25,000 35%
Other Finance 2% $141,000 * *
General Management 16% $130,000 $30,000 47%
Operations / Manufacturing 3% $130,000 $50,000 37%
Project Management 2% $125,000 * *
Rotational / Leadership Development 3% $127,500 $32,500 89%
Other General Management 9% $140,000 $25,000 37%
Marketing 13% $135,000 $30,000 68%
Brand Management <1% * * *
General Marketing 2% $120,000 $35,000 77%
Product Management 8% $140,000 $25,000 66%
Sales <1% * * *
Other Marketing <1% * * *
Strategic Planning 6% $135,000 $20,000 46%
Other 4% $140,000 $12,500 36%
Product Development <1% * * *
Real Estate 1% $150,000 * *
All Other 2% $125,000 * *
ALL FUNCTIONS 100% $148,750 $30,000 57%

Employment by location

86% of the HBS graduating class of 2019 found employment in the United States with a median base salary of $150,000. 40 % of the class found employment in the North-East with 21% finding jobs in New York.

Below are detailed figures on the employment location of the 2019 graduating class of Harvard Business School.

HBS MBA employment by location for class of 2019

HBS MBA employment by location US for class of 2019

 

Percent Median
Base
Salary
Median
Signing
Bonus
Receiving
Signing
Bonus
Mid-Atlantic 4% $150,000 $27,500 61%
Washington – DC 2% $155,000 $25,000 75%
Other Mid-Atlantic 2% $150,000 * *
Midwest 6% $165,000 $30,000 68%
Chicago – IL 3% $165,000 $30,000 71%
Other Midwest 3% $150,000 $30,000 65%
Northeast 40% $150,000 $30,000 53%
Boston – MA 14% $150,000 $30,000 59%
New England (Except Boston) 3% $135,000 $22,500 56%
New York – NY 21% $150,000 $30,000 48%
South 3% $152,500 $30,000 82%
Atlanta – GA <1% * * *
Other South 2% $140,000 $25,000 75%
Southwest 7% $150,000 $27,500 70%
Texas 5% $150,000 $27,500 79%
Other Southwest 1% $120,000 * *
West 26% $148,500 $30,000 64%
California – Bay Area 20% $150,000 $30,000 62%
California – Los Angeles Area 3% $155,000 $30,000 53%
California – Other <1% * * *
Pacific Northwest 2% $130,000 $42,500 100%
Other West <1% * * *
Asia 4% $120,000 $25,000 45%
China <1% * * *
Hong Kong, SAR <1% * * *
India 1% $97,500 * *
Other Asia 2% $124,495 $27,287 80%
Australia & Oceania <1% * * *
Canada <1% * * *
Europe 6% $120,000 $22,575 37%
United Kingdom 4% $121,500 $28,500 42%
Other Europe 2% $118,000 * *
Latin America 2% $95,000 $47,500 60%
Brazil <1% * * *
Other Latin America 1% $99,000 * *
Middle East & North Africa 1% $95,347 * *
Sub-Saharan Africa <1% * * *
UNITED STATES 86% $150,000 $30,000 60%
INTERNATIONAL 14% $116,350 $25,000 45%
ALL LOCATIONS 100% $148,750 $30,000 57%

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

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