Overview
The mission of Harvard Business School is to educate leaders who make a difference in the world. Founded in 1908, HBS settled in its current location in Boston, just across the Charles River from Harvard's main campus in Cambridge, in 1927 with the completion of its own residential campus. Renowned for creating the world's first MBA program as well as its introduction of the case method to management education in the 1920s, the School was also the leader in developing executive education in the middle of the century. Widely recognized for its closeness to practice, the faculty has conducted pioneering research that has led to the creation of such fields as organizational behavior and marketing and made key contributions to the understanding of leadership, strategy, and decision making.
Today, the work of the School is uncommonly international in scope with its network of five research centers on four continents around the world. HBS also operates Harvard Business School Publishing, whose activities include Harvard Business Review, Harvard Business School Press, newsletters, conferences, case studies, and e-learning products. Firmly grounded in the principles of general management, the School's 65,000 alumni are leaders in an exceptionally broad spectrum of industries and a wide range of organizations around the world, including entrepreneurial companies, established firms, government, and nonprofit organizations.
|
Class of |
1965 | 1975 | 1985 | 1990 | 1995 | 2000 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
| Total MBA Enrollment in September |
629 | 806 | 793 | 789 | 807 | 880 | 917 | 898 | 898 | 895 | 895 | 914 |
| Applications | 1,765 | 3,381 | 5,709 | 6,321 | 5,933 | 8,061 | 8,124 | 8,893 | 10,382 | 8,526 | 7,130 | 6,552 |
| % Admitted | 10% | 12% | 12% | 10% | 12% | 13% | 16% | |||||
| Yield | 84% | 87% | 89% | 90% | 87% | 89% |
Student Profile
| Class of | 1965 | 1975 | 1985 | 1990 | 1995 | 2000 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 |
| Women | 2% | 11% | 25% | 27% | 28% | 30% | 33% | 36% | 35% | 35% | 34% | 38% |
| Minorities | 1% | 6% | 9% | 13% | 14% | 19% | 20% | 21% | 25% | 22% | 21% | 22% |
| International | N/A | 15% | 13% | 16% | 23% | 26% | 32% | 33% | 32% | 33% | 32% | 33% |
Undergraduate Majors
Class of
1965
1975
1985
1990
1995
2000
2002
2003
2004
2005
2006
2007
Humanities &
Social
Sciences49%
47%
48%
51%
51%
42%
41%
45%
40%
40%
38%
37%
Engineering &
Natural
Sciences33%
35%
31%
25%
25%
34%
31%
30%
32%
31%
29%
28%
Business
Administration16%
17%
21%
23%
23%
21%
24%
20%
20%
20%
24%
24%
Other
2%
1%
1%
1%
3%
4%
5%
8%
9%
9%
11%
Student Expenses
2005-2006 (9 Month Academic Year)
MBA Student Budget (single student) for Class of 2007
| Tuition | $37,500 |
| Health fees | $2,528 |
| Program support fee | $3,650 |
| Room and utilities (9 months) | $11,270 |
| Board, personal, and other (9 months) | $11,162 |
| Total | $66,110 |
Approximately two-thirds of MBA students receive some form of financial aid. Financial aid consists of both loans and fellowships. Loans are available through several sources. HBS fellowships are granted to students with the highest levels of financial need.
Career Data Summary
[http://www.hbs.edu/mba/recruiting/]
See MBA Recruiting site for complete career data and statistics.
Class Summary
| Class of | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 |
| Total Graduates | 879 | 878 | 911 | 894 | 891 | 886 |
| Total Seeking Employment | 839 | 750 | 714 | 740 | 822 | 757 |
| Total Not Seeking Employment | 69 | 50 | 124 | 140 | 69 | 127 |
| Accepted First Offer by Graduation | 88% | 89% | 78% | 78% | 84% | 88% |
| Accepted Offer Between Graduation and 3 Months Out |
99% | 95% | 89% | 87% | 90% | 94% |
| Median Base Salary | $100,000 | $100,000 | $90,000 | $90,000 | $100,000 | $100,000 |
| Median Signing Bonus | $20,000 | $25,000 | $20,000 | $20,000 | $15,000 | $15,000 |
Function: % accepting new jobs and median base salary
| Class of | 2005 |
| Marketing/Sales | 20.2% $94,750 |
| Operations/Production | 0% |
| Consulting | 29.0% $110,000 |
| General Management | 11.3% $96,000 |
| Finance/Accounting | 37.0% $100,000 |
| Human Resources | 0% |
| MIS | 0% |
| Other | 2.5% $85,000 |
Industry: % accepting new jobs and median base salary
| Class of | 2005 |
| Manufacturing | 24.6% $95,000 |
| Financial Services | 36.0% $100,000 |
| Consulting Services | 22.9% $110,000 |
| Other Services | 13.9% $95,000 |
| Non-Profit | 2.2% $80,000 |
| Government | 0.4% $75,000 |
Geographic Region: % accepting new jobs and median base salary
| Class of | 2005 |
| Northeast | 39.7% $100,000 |
| Mid-Atlantic | 6.8% $100,000 |
| South | 5.7% $100,000 |
| Southwest | 4.4% $100,000 |
| Midwest | 9.3% $100,000 |
| West | 17.1% $100,000 |
| Possessions | 0% |
| International | 17.0% $100,000 |
Undergraduate Major: % accepting new jobs and median base salary
| Class of | 2005 |
| Technical | 22.6% $100,000 |
| Business | 43.3% $100,000 |
| Other | 34.1% $100,000 |
Professional Experience: % accepting new jobs and median base salary
| Class of | 2005 |
| One year or less | 1.0% $95,000 |
| More that one year, up to three years |
25.6% $100,000 |
| More than three years, up to five years |
55.1% $100,000 |
| More than five years | 18.2% $100,250 |
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