Harvard Business School Fellowship Program (HBS Fellowship Program)

Harvard Business School awards need based fellowships to provide access to admitted students with limited financial resources. These Harvard Business School Fellowship Program are made possible through the generous support of Harvard Business School alumni and friends who share HBS's commitment to investing in our students. All students with financial need are invited to apply for Harvard Business School Fellowship Program after admission to the MBA Program.

Criteria

Harvard Business School Fellowship Program are awarded based on financial need. Your academic or professional performance/merit are not used in financial aid decisions. Nearly 50% of the class receives an average $22,000 per year in need-based HBS Fellowships.

    * In general, we expect that a student will have saved a percentage of his/her income from each of the prior three years. This expected percentage will vary depending on your prior income.
    * Any HBS Fellowship award will be based on an analysis of your income for the prior three years and your assets. If you are married, we will also consider your spouse's income and assets, and your higher cost of living will be a factor.
    * There will be a base loan package before any fellowship is awarded.
    * HBS Fellowships will fund your financial need (as determined by MBA Financial Aid Services) beyond the base loan package.

Retirement and Other Assets

    * Please note that retirement assets with a value of $100,000 or less are not considered available for the MBA Program.
    * We will consider that 25% of retirement assets above $100,000 are available.
    * All other assets, including cash, money market, CDs, stocks, securities, mutual funds, bonds, trust funds, home equity and other investments will be used in the analysis of your financial need.

Funds from Outside Scholarships

    * Students may receive up to $20,000 (or $10,000 per year) over the two year MBA Program from an outside scholarship source before we will reduce your HBS Fellowship.
    * Employer sponsorship and employer loans are considered as outside scholarships for financial aid purposes. Therefore, students who receive employer loans or sponsorships from employers are generally not eligible for HBS Fellowships as our fellowship program is designed to assist students with the fewest resources.