FULL-TIME MBA Profiles Publish Date 11/13/08

Harvard University

Harvard Business School

Getting In

PROGRAM BASICS

Harvard Business School

Soldiers Field
Boston , Massachusetts 02163

Program Web site:

http://www.hbs.edu/mba

Status:

Private Institution

Program e-mail address:

admissions@hbs.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

Full-time MBA: 1908
Executive Education (non-degree): 1945
PhD program: 1916
Doctorate of Business Administration (DBA) program: 1922

PROGRAM COSTS

Total direct costs (tuition and required fees) of the entire MBA program:

Resident : $ 101,660
Nonresident : $ 101,660

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1921
Full-time MBA: 1801

PhD program: 72
Doctorate of Business Administration: 48

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

October 15, 2008 January 6, 2009 March 1, 2009

Does the program have rolling admissions?

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Which English language proficiency tests are accepted?

IELTS

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Relative importance: Application Elements

GMAT Score:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

8661

Applicants who were accepted to the most recent class:

12 %

Admitted applicants who enrolled in the newest class:

91 %

Applicant interviews are:

By invitation only

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 38 %
International: 33 %

Ethnicity/US Students in Program

Students from following regions:

Africa : 1 %
Asia: 10 %
Eastern Europe and Central Asia: 1 %
Latin America and the Caribbean: 4 %
Middle East: 2 %
North America: 71 %
Oceania : 1 %
Western Europe: 10 %

Entering North American citizens by region:

Mean months of work experience of newest entering class:

From: N/A To: N/A

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs receiving financial aid through school:

74 %

On what basis are scholarships awarded?

financial need

How does an applicant apply for scholarship consideration?

Unique scholarship application

Mean scholarships awarded to full-time MBAs in the previous academic year:

$ 25,000

Percentage of second-year students receiving the same or more amount of money in their second year of study:

97 %

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 80,525

GMAT

Applicants required to take the GMAT?

Yes

Mean : 720

Middle 80% range GMAT scores:

From: 680
To: 770

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

Electives that have been added to the full-time program since June 30, 2008:

Competing with Social Networks
Consumer Finance
Leading and Governing High Performing Nonprofit Orgs
Money and Power in New Ventures
Managing Product & Service Development

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MD (Medicine)

Other

Does the school offer an accelerated full-time MBA program?

FACULTY

Faculty employed by the B-school:

263

Full-time faculty

Tenured: 88
Non-Tenured: 138

Adjunct/Visiting Faculty

Tenured: 6
Non-Tenured: 31

Women on Faculty

Tenured: 15
Non-Tenured: 38

Minority Faculty

International Faculty

Tenured: 28
Non-Tenured: 66

Faculty with PhDs

Tenured: 94
Non-Tenured: 144

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Business Ethics

Business Law

Consulting

Corporate Social Responsibility/NetImpact

E-business

Entrepreneurship

Environmental

Finance

High Tech

Information Technology

Investment Banking

Manufacturing

Marketing

Media & Entertainment

New Media

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

Teaching methods used

Requirements for graduation:

Students must have attended a minimum number of classes

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

--Highly secure and sustainable network environment that facilitates anytime, anywhere access to electronic resources; --Enhanced interactivity between classrooms, including the ability to produce simulcasts; --Developed interactive learning tools that allow students and faculty to collaborate virtually when on and off campus; --Implemented unified messaging platform that supports mail, calendar, contacts, and mobile devices; --Online collaboration platform for student use; --Implemented statistical computing grid to enhance research capabilities

Amount spent:

$ 95M

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

42,637

Active MBA alumni clubs

Countries in which MBA clubs exist

Living MBA alumni who gave in past year:

29 %

Mean gift from MBA alumni:

$ 4,573

Median gift from MBA alumni

$ 200

Did school receive an individual gift in excess of $10 million in past academic year?

Business School Endowment

$ 2,821,000,000

Does the main university offer career placement services for alumni?

Yes

Does the main university have an alumni networking Web site?

Yes

University alumni networking site:

http://post.harvard.edu/alumni/html/crimsoncompass.shtml

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://www.alumni.hbs.edu/careers/

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 83 %
Graduates not seeking employment: 16 %
Graduates for whom you have no information regarding employment: 1 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 69 %
Percentage who were continuing their education (after graduation): .7 %
Percentage who were postponing their job search: 1.3 %
Percentage who were starting their own business(es) : 27 %
Percentage who were not seeking employment for other reasons: 2 %

Annual job-searching trips that the school coordinates or participates in:

Destination: Beijing Olympics Volunteer
Month: August
Destination: Career Treks: Boston Real Estate; Charlotte VCPE; Chicago VCPE; Day on Wall Street; Las Vegas Hospitality & Travel; London Banking Days; NYC Luxury Goods; NYC VCPE; Texas VCPE
Month: September-December
Destination: Career Treks: Ghana; NYC Business & Sports; NYC Hospitality & Travel; NYC Entertainment & Media; NYC Real Estate; NYC Turnaround; Seattle; Washington DC; Omaha Investment
Month: February-March
Destination: Immersions: China and Vietnam; Brussels, London, and Paris; India; Egypt and UAE
Month: January
Destination: Career Treks: Kenya, Tanzania, and Zanzibar; Hollywood Entertainment & Media; India; London PE Days; South Africa; Trinidad & Tobago; WesTrek/San Francisco Bay
Month: January

Primary Source of Job Offer

Job Offers for 2008 graduates:

Received first job offer by graduation: 94 %
Received first job offer in three months following graduation: 2 %
Did not report having received a job offer: 4 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

Job-accepting graduates who received a signing bonus:

76 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 124,378
Median base salary for most recent graduates: $ 120,000
Mean signing bonus for most recent graduates: $ 27,027
Median signing bonus for most recent graduates: $ 20,000
Mean other guaranteed compensation for most recent graduates: $ 62,106
Median other guaranteed compensation for most recent graduates: $ 35,000

Graduating students who accepted jobs in the following functional areas:

Consulting: 24 %
Finance/Accounting: 45 %
General Management: 11 %
Human Resources: .3 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 13 %
Management Information Systems (MIS): 0 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): .4 %
Other: 6.3 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): .6 %
Consulting: 20 %
Consumer Products: 3 %
Financial Services: 45 %
Manufacturing: 4 %
Media/Entertainment: 5.3 %
Non-Profit: 2.5 %
Petroleum/Energy: 1 %
Pharmaceutical/Biotechnology/Health care Products: 2.5 %
Real Estate: 2 %
Technology: 6.4 %
Other: 7.7 %

Graduates who accepted full-time jobs in the following regions:

Africa: .3 %
Asia: 5 %
Eastern and Central Europe and Central Asia: .7 %
Latin America and the Caribbean: 2 %
Middle East: .7 %
North America: 82 %
Oceana: .3 %
Western Europe: 9 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 50 %
Mid-Atlantic: 7.2 %
South: 5.5 %
Southwest: 5.1 %
Midwest: 8.2 %
West: 23 %
Possessions and territories: 0 %
Canada: 1 %

Top Companies - Internships:

Mean : N/A Median: N/A

SCHOOL COMMENTS

School Comments:

Mean and median intern compensation, PER WEEK Mean: $1966 Median: $1979

Graduate Comments

The people I met were incredible, the classroom content was interesting, and it was fun! -- Venture Capital/Private Equity

It's cliche to say that HBS is "transformational," so I won't say it. But, the program did fundamentally alter the way I think about the world and my position in it. There is almost no part of me that it hasn't touched and affected for the better. I highly recommend it. -- Consulting

Career doors opened by this school are incredible. -- Venture Capital/Private Equity

Attending HBS was by far the best experience of my life and I would absolutely urge friends and colleagues to apply. I feel that I have gained tremendously from an academic, networking and career perspective. -- Marketing

The hardest part of the program is getting in. Once you're in, then it's a great experience academically, professionally, and socially. -- Entrepeneurship

Not everyone would like HBS given its culture. Some people are better off at a more collaborative and inclusive environment.. Some people would also prefer to specialize. -- Consulting

HBS has a unique learning environment that truly develops each student as a business professional and leader. -- Finance

It was one of the best experiences I have had in my lifetime - academically, socially, and in terms of broadening my perpective on culture and on challenges worldwide. -- Marketing

Harvard is amazing. Fantastic people and incredible professors. -- Nonprofit

Had a terrific experience. Harvard has a lot to offer different types of people. (Although no school is the right school for anyone) -- Venture Capital/Private Equity

I only applied to HBS. It was the only school where I felt the opportunity cost were less than staying at my previous employer. -- Consulting

This is a very good program that allows you to gain access to an outstanding network that will provide benefits for your entire business career.-- COnsulting

HBS gives a wondeful opportunity to grow, personnally and professionally. I got transformed, from unsecured to ready to start my own company - I started a company in Russia right after graduation. -- Entrepeneurship

Assuming a full time MBA was the right choice, I would definitely recommend HBS due to the caliber of fellow students, faculty, opportunities for growth etc... -- Venture Capital/Private Equity

Harvard changed my life and as long as a person is comfortable with the case method, I would absolutely recommend the school to anyone. -- Marketing

The quality of the professors, the network you are able to create and the academic curriculum is simply outstanding. I have already convinced more than 5 friends to apply to HBS. -- Investment Banking

I believe that HBS's program is a GREAT foundation...well thought out, and ideal for an "MBA" program. -- Entrepeneurship