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Harvard MBA Fees: Program Cost, Financial Aids, ROI & More

How Much Does The Harvard MBA Cost In 2024?

Are you considering pursuing an MBA from Harvard Business School? It's renowned for its academic excellence and robust network. However, it's essential to note that Harvard MBA fees are a significant aspect to consider in your decision-making process.
This blog post will break down the fees and expenses of the Harvard MBA program. It will help you make a smart choice about your education. So, let's dive into Harvard MBA fees and other financial expenses involved!

What are the total costs involved in a Harvard MBA?

The current Harvard MBA fees for the 2024 intake at Harvard MBA program stand at $76,410. This figure is the base cost for your academic journey at one of the world's most prestigious business schools. However, it's crucial to recognize that this is just one part of the overall financial equation.

Fee Component Cost
Tuition Fees $76,410

Additional Costs to Consider

additional costs to consider

When you're dreaming of studying abroad, it's exciting to imagine all the possibilities. But it's also important to think about the practical side, like the costs involved. For Indian students eyeing a Harvard MBA, there are a few extra expenses to keep in mind beyond just the Harvard MBA fees.

Expense Category Approximate Monthly Cost
Housing (Rent) $2,000 - $3,500+
Utilities $100 - $250
Groceries $300 - $500
Transportation $90 - $150
Miscellaneous  $200 - $300
Total  $2690 - $4700

Harvard MBA Scholarships and Financial Aid Options

financial aids

Harvard MBA program stands tall for its academic brilliance and esteemed reputation. However, an MBA journey at HBS entails a significant investment of both time and money. Thankfully, tackling the high Harvard MBA fees is easy now as HBS extends a helping hand through various scholarships and financial aid options to support students in fulfilling their educational aspirations.

Types of Financial Aid at HBS

Tuition Assistance

HBS offers a spectrum of need-based scholarships, fellowships, and student loans to alleviate the financial burden of attending school. These scholarships, generously funded by HBS alumni, aim to foster a diverse learning environment, ensuring equal opportunities for promising students, irrespective of their academic backgrounds.

Summer Fellowships

Financial backing is extended for summer internship ventures between the first and second year of the MBA program. This support empowers students to gain valuable practical experience and explore diverse career pathways.

Career Support & Exploration

HBS provides post-graduation financial assistance programs, including loan reduction and repayment assistance initiatives. These programs help students manage their debt while transitioning smoothly into their professional endeavors.

Scholarships at Harvard MBA

Harvard MBA scholarships

HBS offers need-based scholarships to approximately 50% of both domestic and international students. Award amounts range from $2,500 to $76,000 per year, with an average annual scholarship of $46,000, totaling $92,000 over two years.

The Harvard MBA Scholarship, a need-based grant, requires no repayment. The average scholarship amount is $40,000 per year or $80,000 in total, primarily falling within the $30-50k range annually. Some of the scholarships that you need to watch out for are: 

Financial Aid for MBA Students

Beyond scholarships, HBS offers supplementary financial assistance, including:

  • Loan Reduction Program: Graduates employed in the private sector may qualify for loan interest reductions below market rates.
  • Loan Repayment Assistance Program: The Social Enterprise Initiative manages the Social Enterprise Loan Repayment Assistance Program, through which Alumni Can Apply for Assistance.
  • Summer Fellowships: Further financial support is available for summer internships.
  • Career Support & Exploration: Assistance programs continue post-graduation, aiding graduates in navigating their professional journeys.

Part-Time Jobs to tackle high Harvard MBA Fees

part-time Job Opportunities

As an international student, balancing a part-time job while diving into the Harvard MBA program is totally doable. Thanks to the U.S. government, you’re allowed to work up to 20 hours per week during the school term and can even ramp that up during vacation periods. So, if you’re from India and exploring ways to blend work with study, here’s a list of part-time job opportunities tailored just for you:

Job Type Potential Earnings (per hour) Job Role Pros
Campus jobs $15 - $25 Research assistants Flexible hours, convenient location, relevant experience
Teaching aides
Hospitality industry $10 - $20 Waiters Tips, networking opportunities, developing social skills
Retail sector $10 - $15 Supermarkets Employee discounts, customer service experience
Department stores
Tutoring $20 - $50 Academic subjects High earning potential, sharing knowledge, flexible schedule
Freelancing $15 - $50+ Content writing Flexibility, diverse projects, the potential for high-income
Web development

Student Visa Work Hour Restrictions

If you're an Indian student with aspirations of a Harvard MBA, understanding the financial commitment is crucial. Harvard stands among the Best MBA Colleges in USA, and Harvard MBA fees reflect that prestige. Before making your decision, here are the key considerations for Indian students aiming to transition from their alma mater to Harvard's esteemed MBA program.

  • Students can work up to 20 hours per week during term time
  • Students can work full-time during vacations
  • Students can take up part-time jobs, internships, and work placements while studying
  • The minimum wage for students aged 18-20 is £6.56 per hour, and for those aged 21 and over, it is £8.36 per hour

To avoid violating immigration laws, students must hold a valid student visa and be registered in an accredited program at an authorized institution. 

Harvard MBA ROI

Harvard MBA ROI

The Harvard MBA Salary ranges from around USD 150,000 to USD 200,000 or more. The ROI of a full-time two-year MBA has stayed positive three years after graduation in 19 of the past 20 years. But, recent alums from full-time two-year MBA programs have seen their ROI flatten. It is now about 40% three years after graduation.

This suggests that the initial investment in a Harvard MBA is big. But, the long-term ROI can be high. So, it is a good investment for many students.

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Choosing Harvard Business School for your MBA marks a significant milestone in your career. While the fees may be high, the opportunities for growth and success are unmatched. As an Ivy League school, Harvard's reputation, network, and quality education position it as one of the best possible choices for aspiring business leaders. So, if you're ready to elevate your career to new heights, Harvard Business School is the place to be. 

What are the total expenses involved in pursuing an MBA at Harvard Business School?

The total expenses for pursuing an MBA at Harvard Business School include tuition fees, housing, utilities, groceries, transportation, and miscellaneous expenses, totaling approximately $2,690 to $4,700 per month.

Can you break down the components of Harvard MBA fees?

The components of Harvard MBA fees include tuition fees, which stand at $76,410 for the 2024 intake. Additional expenses to consider include housing, utilities, groceries, transportation, and miscellaneous costs.

Are there any financial aid options available to help mitigate the cost of Harvard MBA fees?

Yes, Harvard Business School offers various financial aid options to help mitigate the cost of MBA fees, including need-based scholarships, fellowships, student loans, summer fellowships for internships, and post-graduation financial assistance programs.

How do the Harvard MBA fees compare to other top MBA programs?

While Harvard MBA fees may be higher compared to some other MBA programs, the prestige, network, and quality of education offered by Harvard Business School justify the investment. Additionally, financial aid options are available to assist students in managing the cost.

What strategies can I employ to manage and plan for the financial aspect of attending Harvard Business School?

To manage and plan for the financial aspect of attending Harvard Business School, students can explore financial aid options, including scholarships and fellowships, consider part-time job opportunities, familiarize themselves with visa regulations, and budget effectively to cover expenses during their MBA journey.

Know Your Author
Photo of Abhyank
Abhyank Srinet
Study Abroad Expert
Abhyank Srinet, the founder of, is a globally recognized expert in study abroad and admission consulting.His passion lies in helping students navigate the complex world of admissions and achieve their academic dreams. Having earned a Master's degree in Management from ESCP Europe, Abhyank's expertise in data-driven marketing strategies has driven growth for some of the most competitive industries. As the founder of, he has helped thousands of students get into top business schools with a strong emphasis on research, shortlisting, and applying to schools from a single platform. His dedication to education has also led him to create MentR-Me, a free-to-use social platform that simplifies the study abroad process for students, while providing universities with a powerful recruitment tool. As a leader in the field of admission consulting, he is constantly researching and implementing the latest strategies to ensure that his clients receive the best possible guidance. He leads the Business Development and Digital Marketing side of both companies, and has grown both ventures to 7 figure revenue.His unique insights, experience, and dedication to his clients make him a valuable resource for anyone seeking to advance their education or career.
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