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Harvard Business School – MBA Class of 2024 Profile and Employment report 2022

Harvard Business School – MBA Class of 2024 Profile and Employment report 2022
A 6 min read

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 a business school that 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 methods 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 about how to get into Harvard Business School, let’s take a look at the detailed information on the HBS class profile and career prospects. The objective of this article is to help you research how HBS can help you achieve your career goals.

Watch this video to learn how can an Indian student get into Harvard Business School MBA program:

harvard business school mba program class profile

Harvard Business School at a glance

Location – Soldiers Field, Boston, MA 02163

DeanSrikant Datar (Starting from January, 2021)

Admissions Office – MBA Admissions, Harvard Business School, Dillon House, Boston, MA 02163
Phone: +1-617-495-6128

Social media – FacebookTwitterYouTubeInstagram, LinkedIn

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

Below are the details on the HBS MBA program’s class profile and the cost of attendance for the MBA Class of 2024.

Harvard MBA Class Profile 2024 Detail

S. No.Harvard Business SchoolNumbers
1Median Total GMAT Score 730
2Average GPA3.70
3Class Size1015
4GMAT Range540-790
5Work Experience (Average)5 years
6Tuition Cost for a Single Person$73,440
8Percentage of students that accepted the job offer 90%
9Median Base Salary$175,000
10Median Signing Bonus$30,000

Here is the list of the total cost (tuition fee + living expenses) of other top MBA programs across the world.

5 years Trend for Harvard MBA Class Profile

S.NoHarvard School of Business20202021202220232024
1Average GMAT730730730730730
2Average GPA3.71
3Class Size93093873210101015
4Work Experience (Average)4.5  56 months5 years5 years
5Tuition Cost (per year/Single student)$73,440$73,440$73,440$73,440$73,440
6% of students reported job received after 90 days90%96% 
7Median Base Salary$150,000$150,500$175,000
8Median Signing Bonus$30,000$30,000$30,000

Are you planning to enroll in Harvard Business School MBA program? Let us help you conquer the first step of the process, i.e., taking the GMAT. Take a free GMAT mock to understand your baseline score and start your GMAT prep with our free trial. We are the most reviewed online GMAT Prep company, with 2500+ reviews on GMATClub.

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

Harvard Business School – Class Profile 2024

Here are the detailed statistics on the Harvard Business School MBA incoming class of 2024. Harvard Business School’s admission process is highly competitive, and therefore, it boasts a low acceptance rate. The acceptance rate of HBS is 9.5% and the yield rate is 87%.

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

Harvard MBA Class Profile 2024Numbers
Applications Received by HBS8264
HBS GMAT Score Range540-790
Undergraduate GPA3.70
Work Experience5 years
% of Women in the Class46%
% of International Students38%

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 2024

The below data gives the details of the pre-MBA experience of the HBS incoming class of 2024:

Pre-MBA Industry (MBA Class of 2024)Percentage
Consumer Products/Retail/e-commerce9%
Financial services10%
Health care/biotech8%
Non-profit/ Government/ Education6%
Venture Capital/ Private Equity16%

HBS MBA Application deadlines – Class of 2025 (matriculating fall 2023) are:

For the 2025 MBA class 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 2025 MBA admissions.

HBS Admission RoundsApplication DeadlineDecisions
Round 17th September 20228th December 2022
Round 24th January 202329th March 2023

The application date for 2023 2+2 applicants is:

2+2 ROUND27th April 202329 June 2023

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 We are the most reviewed GMAT prep company on gmatclub with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?

HBS MBA employment and salaries – MBA Class 2022

The graduating class of 2022 reported a median base salary of $175,000 and a median signing bonus of $30,000 compared to the median salary of $150,500 and the median bonus of $30,000 for the class of 2021. 63% of the class received the signing bonus. 33% of the class accepted employment in the Financial Services industry, followed by 26% in consulting and 12% in marketing.

Employment by industry

The Financial Services(Venture Capital) industry paid the highest median base salary of $178,000 to the 2022 graduating class of the HBS MBA program, followed by the Consulting, Investment Banking, Private Equity, and Services (175,000).

Here is the detailed data on industry-wise employment of the 2022 class of HBS:

Employment by IndustryPercentageMedian Base SalaryMedian Bonus
Consumer products3%$125,000$40,000
Investment Banking 3%$175,000$50,000
Investment Management/Hedge funds 8%$175,000$50,000
Other Financial Services 1%$139,000NA
Private Equity 15%$175,000$30,000
Venture Capital 7%$178,000$15,000
Health care5%$155,000$23,000
Retail 1%$140,000$23,000

Employment by job function

Here are the detailed figures on function-wise employment accepted by the 2022 graduating class of HBS:

Employment by FunctionPercentageMedian SalaryMedian Bonus
Business Development7%$155,000$25,000
General Management10%$150,000$28,000
Strategic Planning8%$160,000$20,000

Employment by location

Below are detailed figures on the employment location of the 2022 graduating class of Harvard Business School:

Employment by LocationPercentageMedian SalaryMedian Bonus
United States91%$175,000 $30,000
Australia & Oceania<1%NANA
Latin America<1%NANA
Middle east and north africa1%$ 140,000NA
Sub-saharan Africa<1%NANA

Harvard Business School Scholarship

Here is an article on how to apply for HBS MBA Scholarship and types.

Harvard Business School – Notable 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

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

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 We are the most reviewed GMAT prep company on gmatclub with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?

Other 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

FAQs- Harvard Business School

How long is MBA at Harvard?

Harvard Business School (HBS) offers a two-year, full-time MBA program with a graduate management curriculum focused on real-world practice.

How much is an MBA at Harvard?

For the incoming MBA batch of 2024, the tuition fee is $73,440.

What GMAT Score do I need for Harvard MBA?

You need at least a 700+ GMAT score for top business schools like Harvard. The average GMAT score for Harvard MBA incoming class of 2024 is 730, with a GMAT range between 540-790.

Which are the top business schools in the USA?

Some of the top MBA programs in the USA are:
1. Stanford GSB
2. Wharton School of Business
3. UC Berkeley
4. MIT Sloan
5. Kellogg School of Management
Planning to pursue an MBA in the USA? Here is a guide for MBA in USA.

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