Harvard MBA Acceptance Rate, Ranking, and More

Are you a future business leader looking for a place with the prestige and the level of training to place you at the highest levels of world business? If yes, then Harvard University Business School is the right place for you.

Today, we will be talking about Harvard MBA acceptance Rate, ranking, and more. We encourage you to read this write-up to the end to get all the vital information about the school.

Overview

Established in 1908, Harvard University’s Business School offers its students a legacy of excellence and influence, along with a modern sense of global responsibility

The business school at Harvard hosts a number of research centers, institutes, and special programs in cooperation with other departments and schools.

These centers conduct research on areas related to economics, marketing, investing, real estate, social behavior, technology, and accounting.

Harvard offers many cross-departmental degrees, including a JD/MBA, as well as Master of Science programs in Marketing, Management Science & Engineering, and Financial Economics. The Business School also administers a Ph.D. program focusing on research in the field.

JD programs give students the flexibility to pair their MBA degrees with law, dental, public policy, life sciences, engineering, or even medical degrees.

Harvard has a Case Method that involves collective problem-solving, cultivates strong negotiation and debate skills, and exposes students to a wide range of practical world issues.

Harvard MBA Acceptance Rate

Harvard Business School’s entering class of 2021 had a roughly 12.5% rate of acceptance; out of over 9,773 applicants, 1,010 received an offer of admission.

This is the largest class of MBA students in the history of Harvard Business School. See Best 1 Year MBA program in the US.

Harvard’s program gives students the flexibility to start their coursework early. Each program involves the same admissions criteria and the same rate of acceptance.

There is no single key to stand out for acceptance in the profiles of Harvard Business school students, a robust academic career helps set a better foundation from which to begin. Work experience in a relevant field also helps an application folder stand out.

The admissions department explains its more nuanced requirement in its list of common traits shared by successful applicants.

These characteristics include a track record of leadership, highly analytical verbal skills, strong ethical standards, and demonstrated community responsibility.

Harvard MBA Tuition

Base tuition including the entire first-year budget, including books, fees, room & board, and other expenses for Harvard Business School’s MBA program costs $111,542 annually.

Harvard Business School reports an average of $84,000 need-based scholarship money per student awarded over two years.

Several merit fellowships exist including the Leadership Fellows Program which provides partial and full tuition for candidates showing the most promise as future global business leaders.

The Financial Aid office can help students find external funding as well; students with external scholarships should inform the financial aid office, as those scholarships may affect their eligibility for need-based funding.

The financial aid department assists graduates in navigating loan reduction or forgiveness programs. See MBA Business Schools.

Harvard MBA Requirements

Harvard Business School has a three-part application process that requires a range of written materials, along with an interview.

Applicants must submit a four-year undergraduate degree, but no specific major is compulsory.

It is mandatory for students to submit a one-page resume and undergraduate transcripts, along with GPA and test scores.

Have required the  GMAT or GRE which can serve as an admissions test; in recent years, applicants have submitted GRE scores with increasing success.

The Harvard Business School application essay section requires concise, specific information about each candidate’s career goals.

Successful applicants should respond with detailed information about their previous work experience, as well as how they envision a Harvard MBA will enhance their career path.

The essay section begins with a short-answer question and a career goals essay. Applicants choose from a list of topics for their second and third essays.

Candidates can complete an optional additional essay explaining any exceptional circumstances in their application.

Once Harvard admissions review the initial application folders, selected students will be invited to interview.

The interview is required for continuing the application process, and it indicates a positive direction, but it does not guarantee admission.

One letter of recommendation, usually from the applicant’s current manager or supervisor is required.

Required application fees can be waived based on need.

Harvard MBA Notable Alumni

Harvard’s alumni lead companies and organizations CEOs like JP Morgan Chase, Levi Strauss, GAP, Facebook, Nestle, BBC America, Goldman Sachs, Corning, General Motors, Boeing, Morgan Stanley, Kraft, and ConAgra, among many others.

Harvard Business School Alumni have also gone on to be President of the United States, serve as Mayor of New York City, and serve time as some of the most notorious criminals in the country.

Harvard Business School alumni in public service include Senators, mayors, governors, and political party leaders.

Harvard Business School graduates influence daily life in America in countless ways, from the historical to the practical.

Robert McNamara, architect of the VietNam War, Ford executive, and later President of the World Bank—one of the single most influential minds of the 20th century—earned an MBA at Harvard.

Should You Attend Harvard MBA?

Business students who plan to make a mark in the high-end corporate world have strong reasons to consider a top ten program like Harvard’s.

The program offers tangible benefits like networking opportunities, along with a level of prestige garnered over the program’s years of training executives for some of the world’s largest and most influential organizations.

Harvard offers several flexible options for candidates who want to continue working through their graduate training.

For students ready to gain real-world work experience before starting their MBA coursework, Harvard Business offers the 2+2 Program, in which accepted students defer their matriculation until after completing two years of paid work at a program-approved organization or company.

Students interested in making a difference as leaders in nonprofit and social sector organizations can participate in Harvard Business School’s Leadership Fellows program.

Conclusion

This is the end of the article, it has revealed to you the vital information on why you should make HBS your school of students if you desire to be a great future business person.

We believe the information was helpful to you. Don’t forget to drop your questions in the comment section if you have one.

Last Updated on March 23, 2023 by Admin