AdminHarvard Business School offers quite a number of financial aid programs for its students annually, including need-based scholarships, merit-based scholarships, and external scholarships.
HBS need-based scholarships are awarded based on financial needs of admitted students; while merit-based scholarships recognize academic achievement, leadership potential, and other accomplishments of Harvard Business School students. External scholarships, on the other hand, are provided by third-party organizations collaborating with Harvard business.
In this article, we will discuss in-depth, two specific Harvard Business School scholarships; the need-based scholarship and a popular external scholarship program- the Boustany MBA Harvard scholarship program.
Harvard Business School Need-Based Scholarship
HBS offers need-based scholarships to over 50% of its students annually. The need-based scholarship aims to assist financially struggling students in Harvard. The average need-based scholarship in Harvard Business School is approximately $46,000 per year, or $92,000 total.
Harvard Business School’s need-based scholarship is open to all students of the school irrespective of race, ethnicity and gender. The scholarship program runs every year and benefactors of the previous year are required to always reapply each year until the end of their study.
Harvard Business School Need-Based Scholarship Summary
Level of Study: Masters
Institution: Harvard Business School
Courses offered: All MBA courses
Amount to receive: $46,000 per year, or $92,000 total
Duration: one year.
Deadline: HBS need-based scholarship has no specific application deadline.
Harvard Business School Need-Based Scholarship Eligibility Criteria
To be eligible for need-based scholarships at Harvard Business School, students need to demonstrate financial need based on their family’s income and assets. Additionally, applicants must be admitted to the MBA program at Harvard Business School. This means to be able to apply for need-based scholarship in Harvard business school, you must be studying in the school already.
Harvard Business School Need-Based Scholarship Application Process
Application for Need-Based Scholarship is only open to HBS students. To apply, students will fill out the HBS financial aid application form after they are admitted to an MBA program in the school.
Once admitted, HBS students will be able to have access to the financial aid application and all the specific information about how to apply.
The Boustany Harvard MBA Scholarship Program
The Boustany Harvard MBA Scholarship program is an external scholarship program sponsored scholarship program. The Boustany Harvard MBA scholarship is awarded annually to outstanding persons who wish to pursue an MBA program at Harvard Business School.
The scholarship covers full tuition fees, travel expenses, and accommodation costs for the two-year MBA program in Harvard Business School. Recipients of the scholarship awards are selected based on their academic achievements, leadership qualities, and a commitment to making a positive impact in their communities.
The Boustany Harvard MBA Scholarship program is granted once every two years for a two years MBA program in Harvard. Application is open to persons of any origin but persons of Lebanese descent are usually given priority. The application process usually involves submitting an essay and undergoing interviews.
The Boustany Harvard MBA Scholarship program Summary
Level of Study: Masters (MBA)
Institution: Harvard University
Study in: USA
Courses Offered: Master of Business Administration
Program Period: Two years.
Application Deadline: May 31, 2025.
The Boustany Harvard MBA Scholarship program Eligibility Criteria
To be eligible to apply for the Boustany Harvard MBA Scholarship award, you must;
- Have been offered admission by Harvard Business School.
- Must have an excellent academic background
- Must possess exceptional qualities and be committed to contributing to society
- Posses leadership potentials and a track record of leadership roles.
The Boustany Harvard MBA Scholarship program Coverage
The Boustany Harvard MBA scholarship program covers the following for recipients;
- Financial aid amounting to 75% of the tuition fees at the Harvard Business School MBA program.
- Travel and accommodation expenses related to the 2 months internship with the foundation.
READ ALSO: University of New Haven Scholarship For International Students
The Boustany Harvard MBA Scholarship program Application Process
If you wish to apply for the Boustany Harvard MBA scholarship program, you will need to prepare and send the following to the official website of the Boustany foundation;
- A copy of your curriculum vitae (CV)
- A photograph
- Your GMAT scores
- An acceptance letter from Harvard Business School
The above listed documents should be sent to: admissions@boustany-foundation.org
Please note that the next Boustany Harvard MBA Scholarship program will be awarded during June 2025, application has already begun and will end 31st of May 2025.
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