Today’s largest companies actually affect the way we live our lives. In fact, they have become support systems for us. For this reason, many universities, particularly in the US, have tried to ensure continued growth and understanding of the economy.
Universities like Harvard now have their own business schools, so in this article, we’re going to take a closer look at Harvard Business School fees, curriculum, and more.
The Harvard Business School is the Graduate Business School of Harvard University. And one of the best business schools for studying economics and management.
In other words, this article will help you learn more about Harvard Business School, its school fees, and how it is paid. Lean back and relax!
About the Harvard Business School
Founded in 1636, Harvard University is an Ivy League private research university in Cambridge, Massachusetts. However, it has about 6,800 undergraduate and 14,000 graduate students.
Harvard is also the oldest university in the United States and one of the most prestigious universities in the world for its history, influence, wealth, and academic reputation.
Harvard Business School was founded in 1908 and is the Graduate Business School of Harvard University located in Boston, Massachusetts.
Consistently ranked among the best schools in the world, it also offers a large full-time MBA program, administrative Ph.D. programs, and many executive education programs.
HBS has a total of 2,011 student numbers. In addition, the U.S. News & World Report ranked 3rd in the nation and the Financial Times (2021) ranked 1st in the world.
Is Harvard University the best business school in the World?
Harvard University is in third place (tie) in the Best Business Schools. Schools are ranked based on their performance against a number of widely recognized indicators of excellence.
Recruiters say most employers accept online MBAs from reputable schools, especially now that the quality of online MBA at many institutions is equivalent to that on a physical campus. Most important, however, is the institution’s reputation and accreditation.
The MBA program at Harvard Business School lasts two years, with students using the summer vacation between the first and second year for an internship.
How do you get to Harvard Business School?
Harvard has one of the most prestigious MBA programs in the world. Hence, getting into the Harvard MBA is very arduous and it is really important to understand what the Harvard MBA admissions committee is looking for in applicants.
To help you understand, we’re discussing the 7 steps that can help you get approved from Harvard Business School.
#1. Start research early
Start your research at least 1 year in advance of the planned application. The application deadline for Round 1 for the HBS MBA class of 2022 is September 4th and the application deadline for Round 2 is January 6th. I would suggest, in the first round to even apply.
Well there are 2 types of research you need to do
- External research
- Internal research
NOTE: HBS blows a very high median GMAT score of 730 for its newest in-depth class. Therefore, for a successful HBS MBA application, it is really important to be above the median.
# 2. Research External Factors
HBS Website Research: When doing external research, the first thing you should do is start with the Harvard Business School website. Research on the program you would like to apply for (2-year MBA, Executive Program, HBX, PhD programs).
Take a look at the facts and figures about your MBA program, alumni, research and campus & culture.
LinkedIn Research: See the profiles of people who made it to Harvard Business School. There is a chance that you may feel like you are not as fulfilled as these people. That’s because they displayed their profile better than most individuals.
But even when you come across profiles of exceptional personalities, you just strive to be better than them. It’s never too late to start.
# 3. Research Internal Factors
By exploring internal factors, I mean introspection. Once you’ve done outside research, you’ll have enough information to compare yourself.
# 4. Think Like the Harvard Business School Admissions Committee – Identify Gaps
The admissions committee of the HBS is looking for a candidate who can not only “get into” his MBA program, but also “get through”. However, if you want to create your profile to gain admission to Harvard Business School or any other top business school, you should:
- Understand the various factors that are taken into account in the application
- Weighting age of all these factors in the application
- What factors are under your control (immutable and changeable factors)
- Work on the factors that are still under your control
# 5. Work on the gaps in your application
Changeable vs. Immutable Assessment Factors: In the MBA application process, various parameters may not be under your control (GPA / employer brand, etc), but a whopping 56% are still under your next control – GMAT, essays, interview, and letters of recommendation. You should focus on doing your best in these aspects. Also note:
- Analyzing gaps in your application shows you which areas to focus on.
- List factors in changeable and immutable.
- Work on factors that you can still control. These factors have a weight of 56% in your application.
# 6. Prepare and pass the GMAT
Your GMAT score is 22% weightage (16% for the GMAT total + 6% for the GMAT quant score) in your application. Most students need 3 months of preparation time to get a score of 740+.
Also, make sure you get a score 20+ above the average GMAT score of the incoming batch from your Target B school. For HBS, aim for 750, which is around 20 points more than 731 – the average GMAT score for last year’s batch.
Note: Aim for a GMAT score that is 20+ points above the average GMAT of the last incoming batch. For Harvard Business School, you are aiming for a GMAT score of 750+
# 7. Apply for the Harvard Business School (HBS) MBA program
The application process consists of three steps:
- Written application
- Here’s what you need to prepare
- GMAT / GRE score
- TOEFL / IELTS / Pearson Test of English (PTE) – Make sure you get a TOEFL score greater than 109 on the iBT, an IELTS score greater than 7.5, or a PTE score greater than 75 .
- curriculum vitae
- Adoption of guidelines
- After submitting your application, it will be viewed and you may be invited to an interview
- Contribution – interview reflection
- You must submit a written reflection using the HBS online application system within 24 hours of your interview
What are you taught at Harvard Business School?
Life’s a Pitch author Philip Delves Broughton’s honest and entertaining memoir What They Teach You at Harvard Business School is required reading for anyone who thinks Harvard Business School is the place to be to sit out the recession.
Also, the most important thing they teach is how to be on your feet, especially in a business context. That’s because of the case method and because you have a lot of information to process. Think about it.
And then you have a clear view of the problem. this is what the classroom experiment at the HBS is all about.
What is the Harvard Business School MBA fee?
Over the past few decades, the average cost of attending a top MBA in the United States has grown faster than the rate of inflation. However, the cost of an MBA is a deciding factor when choosing a business school. So the tuition fees are only one aspect of the cost.
Further components are health insurance, administration service, book, rent, and ancillary costs, food, personnel, transport, computer allowance, MBA association fee, and other membership fees.
Harvard Business School tuition is $73,440 while all other expenses are added together. The total cost is $ 119,821, which also applies to international students.
So, since it takes two years of full-time study to complete the program, you’ll need to double that cost ($146,880 for tuition and $239,642 for everything).
Can I get an Online MBA from Harvard Business School?
HBS online courses are nothing like a regular lecture to sit back and listen to. You join a new activity every three to five minutes. Hence, every element is planned to keep you inspired, involved, and on your toes.
Interacting with your colleagues is also a big part of what makes HBS Online unique. They exchange ideas, provide input and explore viewpoints from a community of learners from around the world. You learn from the encounters and perspectives of the other.
However, each course lasts four to eight weeks and costs between $ 950 and $ 4,500. HBX does not provide to financial statements, and there are no plans for this as Harvard Business School Online to do, said Mullane. Harvard’s online MBA
What are the Harvard Business School fees for an Executive MBA?
The Executive MBA is an intensive program that requires full commitment from its participants. The admissions committee attaches particular importance to the academic qualifications, motivation, professional experience, and maturity of each applicant.
The BI Executive MBA gives you better access to global markets and improves your ability to make good strategic decisions.
The BI Executive MBA offers four specializations that give you the opportunity to focus on global management, digitization, sustainability, or business in China.
All four options also consist of an 18-month program in which you complete six intensive modules of two weeks each.
So, the Harvard Business tuition fees for an Executive MBA are approximately $48,000, which includes digital study materials. However, does not include travel expenses (flight and accommodation).
How hard is it to get to Harvard Business School?
Harvard Business School allows two types. These are applicants from a good university with very good grades in solid subjects and a top GMAT score. These are a minority that HBS Admissions accepts.
Most of the individuals that HBS accepts into their MBA program have work experience that typically leads to them assuming leadership responsibilities early on.
The managerial responsibility is usually low. If an applicant is high on the career ladder, a Harvard MBA will not be of much use.
In fact, Havard Business School is looking for students with the following characteristics:
- Intelligent. This must be evident in certificates, test results, written responses to the application requests and comments on recommendations.
- Organization – recognizable by responses to requests and recommendations
- Energy level
- Goal orientation 5. Results
About two-thirds of HBS students have degrees in engineering, math, or science. In addition, some students have JD’s plus various other advanced professional degrees, academic degrees, or some of both.
What is the average salary for a Harvard Graduate?
The average salary for a Harvard MBA graduate is $158,049, compared to an average of $158,049 on the dotted line. The starting salary for Harvard students is the third highest in the country.
To sum up, Harvard Business School is one of the best schools in the world that also offers a great full-time MBA program and is quite expensive in terms of tuition costs. Harvard also has one of the most prestigious MBA programs in the world. Hence, getting started with the Harvard MBA takes a lot of effort.
So, as a student, you need to put more effort into getting a good score on your TOEFL exam and be careful when applying.
In other words, I believe this article will help you apply and give you answers to all your questions about Harvard Business School.