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MBA from Harvard University – Fees, Requirements, Ranking and More

MBA in Harvard university

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Excellent grades, a high GMAT score, a tonne of extracurricular activities, and professional experience are all checked off your Harvard MBA checklist. Is that all it takes to get you accepted to the highly sought-after MBA programme at Harvard Business School? If not, what are the requirements to get into Harvard? Let’s investigate!

The world’s top business school, Harvard Business School (HBS), consistently holds this title. It should come as no surprise that the Harvard MBA is one of the world’s top management programmes. Thus, getting accepted to Harvard Business School is a tremendously challenging but also rewarding Endeavor.

A Harvard Business School MBA is regarded as one of the most rewarding management degrees because of its rigorous admission requirements, excellent teaching standards, highly qualified faculty, and impressive list of alumni. Add to that the fact that the Harvard MBA keeps improving thanks to the enormous endowment it consistently receives ($3,800,000,000 and growing). High-level positions are filled by HBS graduates at prestigious companies.

Rankings for Harvard MBA

According to the 2022 Financial Times Rankings, the MBA programme at Harvard Business School is ranked third.

The following are the institute’s specialization MBA rankings according to the QS Global 200 Business Schools Report:

SpecializationHarvard MBA Ranking
Entrepreneurship1
Corporate Social Responsibility1
Leadership1
Strategy1
Operation Management2
International Management2
Information Management2
Innovation3
Marketing3
Finance4

Harvard Business School MBA: Details

There are four semesters total in the two-year, full-time Harvard MBA programme: fall and spring for years one and two, respectively. All Harvard MBA students are required to take the foundational courses from the HBS Required Curriculum as well as the FIELD Global Immersion course during the first two semesters.

In addition, HBS MBA students have the opportunity to explore other fields through an elective curriculum that gives them the opportunity to select 5 subjects from a total of 120 options each semester. In addition to choosing any number of courses, students can cross-register for courses in particular graduate programmes.

Harvard MBA Program: Courses

In their first year of study, all MBA candidates at Harvard Business School adhere to the same core curriculum. Business, Government, and the International Economy (BGIE), The Entrepreneurial Manager (TEM), Strategy (STRAT), Leadership and Corporate Accountability (LCA), Finance 2 (FIN2), and Field Immersion are among the fundamental courses that must be taken in the first year.

Students may add up to five elective courses in any combination during their second year. In the second year, students may also take Immersive Field Courses (IFC).

The business school collaborates with six of Harvard University’s graduate schools to offer a variety of joint degree programmes. Each year, about 100 students pursue joint degrees. The following are the business schools and joint degrees:

Graduate School

Harvard Joint Degree

Harvard Graduate School of Arts and SciencesMS/MBA in Biotechnology
Harvard Kennedy SchoolMBA/MPP (Master of Public Policy) MBA/MPA-ID (Master of Public Administration – International Development)
Harvard Law SchoolJD/MBA
Harvard Medical SchoolMD/MBA
Harvard School of Dental MedicineDMD/MBA
Harvard School of Engineering and Applied SciencesMS/MBA

Harvard Business School requirements for an MBA

QualificationEntry Criteria
12thNo specific cutoff mentioned
Graduation

No specific cutoff mentioned

  • The applicant must have completed a four-year undergraduate degree program at an accredited institution in the United States, or its equivalent.
  • International three-year bachelor’s degree programs count as equivalent degrees.
3 year degree accepted

Yes

  • International three-year bachelor degree programs count as equivalent degree programs.
TOEFL

No specific cutoff mentioned

  • Although there is no required minimum score for Harvard Business School, the MBA Admissions Board advises against applying if your TOEFL score is under 109.
GMATNo specific cutoff mentioned
PTE

No specific cutoff mentioned

  • Although there is no required minimum score for Harvard Business School, the MBA Admissions Board strongly advises against applying if your PTE score is less than 75.
IELTS

No specific cutoff mentioned

  • The MBA Admissions Board advises against applying if your IELTS score is less than 7.5, but Harvard Business School does not have a minimum test score requirement.
English Proficiency Waiver
  • ELP requirements are not applicable to students who earned their bachelor’s degree or any graduate degree from a university where English is the only language of instruction.
GRENo specific cutoff mentioned
Duolingo

No specific cutoff mentioned

  • Although there is no minimum test score required to apply to Harvard Business School, the MBA Admissions Board strongly discourages anyone with a Duolingo score of less than 130 from doing so.
Work Experience

Minimum: 24 Months

  • Students who have at least two years of prior full-time work experience are eligible for the HBS MBA Program.
  • Students have had opportunities during their work experience to hone their leadership and professional skills. Usually, this means working a full-time job that calls for an undergraduate degree (35 hours or more per week). Before attending college, work experience in the military or armed forces may count as professional experience.
  • Candidates should concentrate on the roles, responsibilities, and lessons they learned from the different types of work experiences they were involved in rather than focusing on specific categories of work experiences.
  • You can list any internships, co-ops, or other employment you had while in school on your application, but usually these experiences won’t be taken into account.
Other eligibility criteria
  • It is advised but not necessary to submit one of the ELP tests.
Conditional OfferNot mentioned

Harvard Business School’s MBA tuition

The annual cost of attending Harvard Business School is estimated using a nine-month academic calendar and a reasonable standard of living for students. Tuition and fees are just two examples of the direct and indirect costs associated with attendance (e.g., food and rent).

Expense TypeAmount
TUITION$73,440
HUHS STUDENT HEALTH FEE (SHF)$1,304
STUDENT HEALTH INSURANCE PLAN (SHIP)$4,080
HUSHP FOR STUDENT SPOUSES/ DEPENDENTS$0
COURSE & PROGRAM MATERIALS FEE$2,550
ROOM & UTILITIES (9 MONTHS)$14,850*
($1,650/mo)LIVING EXPENSES (9 MONTHS)
$16,540($1,838/mo)
TOTAL$112,764
COMPUTER (VARIABLE; NOT INCLUDED IN ABOVE BUDGETS)$1,500

 Off-campus housing requires you to sign a 12-month lease, while student housing at HBS has a 9-month lease. If you choose to live off campus, you will be responsible for paying the extra 3 months’ worth of rent, indirect costs, and utilities.

Through scholarships, savings, and student loans, students can lower the cost of attending a Harvard Business School MBA program. You can submit applications for need-based scholarships, additional fellowships, outside scholarships, student loans, and third-party scholarships.

CONCLUSION

74% of the admitted applicants who submitted GMAT scores for their MBA from Harvard Business School were part of the class of 2024. It is suggested that the GMAT score is better suited for your MBA application, even though Harvard doesn’t specify a minimum required GMAT or GRE score or a preference for either of the exams.

You should aim for a GMAT score at least 20 points higher than Harvard Business School’s average GMAT score of 730 if you want to increase your chances of being accepted into an MBA programme there. Consider retaking the GMAT if your previous attempt yielded a score below 700.

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