How Much Does It Cost to Get an MBA from Harvard?
Undoubtedly, Harvard University, a prestigious Ivy League university, is one of the most notable universities in the country and world. The school’s popularity to develop the minds of business greats is only surpassed by its illustrious law program. When students complete their undergraduate studies, the first thought for completing their Master of Business Administration (MBA) often resonates with admiration for Harvard.
Unfortunately, hopeful graduate students not only have to deal with the scores of other hopefuls–competitive admissions standards and pressures of excellence–but also the high cost of attending Harvard becomes a factor. I am not saying it is impossible to get into Harvard University, what I am saying is that you need to fully understand what it takes to get in and definitely what it costs to attend Harvard.
The Harvard Business School, HBS, has a fall intake of approximately 900 students who represent the diversity of the world’s various economic structures. HBS prides itself on acquiring students who have zero to more than five years of business and work experience. This wide breadth of previous work experience caters to the competitive nature of gaining admissions into the university. Once in, students are fully emerged in their academic students, but how much does it cost to get an MBA from Harvard?
According to the HBS website, the cost to attend HBS is broken down into two terms, Terms I and II. The cost of tuition and other program support fees tend to remain constant during the student’s academic career at HBS; however, other fees may be subjected to slight or moderate increases.
Harvard Business School Tuition and Fees
The following fees are broken down by Single, Married and Married with one or more dependents:
- Single
- Tuition - $48,600
- University Health Services Fee1 - $1,166
- Blue Cross/Blue Shield (12 months)2 - $1,788
- Program Support Fees - $4,850
- Room & Utilities (9 months)3 - $10,800
- Board, Personal, Other (9 months)4 - $12,396
- TOTAL - $79,600
- Married/DP
- Tuition - $48,600
- University Health Services Fee1 - $2,898
- Blue Cross/Blue Shield (12 months)2 - $4,344
- Program Support Fees - $4,850
- Room & Utilities (9 months)3 - $16,362
- Board, Personal, Other (9 months)4 - $16,046
- TOTAL - $93,100
- Married/DP w/ One Child
- Tuition - $48,600
- University Health Services Fee1 - $3,662
- Blue Cross/Blue Shield (12 months)2 - $5,820
- Program Support Fees - $4,850
- Room & Utilities (9 months)3 - $21,114
- Board, Personal, Other (9 months)4 - $20,454
- TOTAL - $104,500
- Married/DP w/ Two Children
- Tuition - $48,600
- University Health Services Fee1 - $4,046
- Blue Cross/Blue Shield2 (12 months) - $6,560
- Program Support Fees - $4,850
- Room & Utilities (9 months)3 - $21,114
- Board, Personal, Other (9 months)4 - $26,630
- TOTAL - $111,800
1 The University Health Services Fee is obligatory regardless of your health insurance status.
2 The BC/BS expense may be waived upon proof of health insurance coverage.
3 Fee includes expenses for books, cases, (web-based) course materials, and other materials received for courses. Fee may remain constant unless a student withdraws from the HBS for more than one month.
4 This number is an estimate based on the experiences of most MBA students. New students entering into HBS may experience a higher or lower cost.
Please do not gag on your own tongue at the possible yearly costs. The HBS offers students fellowships, scholarships and financial aid options to help alleviate the cost the Harvard MBA program. Therefore, you have options for attending the university and receiving an awarding academic career. You also should include the cost of your application fee, which is a $250 non-refundable fee; loan origination fees, which vary by lender; and travel costs, if you have to move to the Boston, MA area. Visit the Harvard Business School website for more details on the cost of the MBA program.
