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.
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 the detailed information on 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 at a glance
- HBS MBA Fees, Class profile, median salary, GMAT score
- HBS MBA Application Deadlines 2019-2020
- HBS MBA employment and salaries
- Harvard Business School MBA – Notable Alumni
- Other MBA programs you should consider
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
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|
|4||GMAT Range||590 – 800|
|5||Work Experience (Average)||4.7 years|
|6||Tuition Cost (per year)||$73,440|
|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 email@example.com.
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%.
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.
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.
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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 the 2019 class of HBS.
Employment by job function
Here are the detailed figures on function-wise employment accepted by the 2019 graduating class of HBS.
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.
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.
- 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
Information Source – HBS MBA employment report