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Harvard Business School: Facts You Should Know!

3 Min Read
November 03, 2022
EduALL

With over 100 years of success and innovation, it's no surprise that Harvard Business School is known as a globally excellent institution for entrepreneurial leaders. However, behind its impressive feats and low acceptance rate, what can you expect from this Ivy League institution? Let's dive deeper into Harvard Business School!

History of Harvard Business School 

Established in 1908, Harvard Business School (HBS) is the first graduate business school to deliver the first MBA program in the world. The HBS campus is located in Boston's Allston neighborhood. 

At the time of its founding, Harvard Business school only accepted male students. It wasn't until December 1962 that the faculty voted to allow female applicants to enter the MBA program directly, and the first group of women to do so matriculated in September 1963.

A glance at Harvard Business School 

With a single campus and an online presence, Harvard Business School offers numerous kinds of programs. Some of the programs offered at HBS include:

  • MBA: ?A two-year, full-time residential program that focuses on practical learning.
  • Executive Education: Designed for experienced executives to refine their leadership skills.
  • Online ?Programs: Offers the opportunity for those who want to learn essential business concepts anywhere in the world.
  • Doctoral Programs:  For those who are interested in receiving a Phd or or DBA degree in academic research.

HBS has an average acceptance rate of 10%, as well as sitting fifth on the US News 2023 Best Business Schools rankings. Therefore, Harvard Business School is among the most competitive business schools in the world. HBS offers admission in two rounds each year, and it admits nearly 750 students into its MBA program each year. 

Harvard Business School's curriculum aims to prepare students to be able to collaborate in teams to solve real-world problems. For instance, the MBA program incorporates both classroom and non-classroom learning. MBA students have the opportunity to participate in experiential learning through field study teams. This is where they work collaboratively in teams with other MBA candidates, as well as immersion trips of studying abroad. 

Aside from MBA, Harvard Business School students can enroll in joint degree programs with other Harvard schools. such as Harvard Law School, Harvard Medical School, the Harvard Kennedy School of Government, and the Harvard School of Dental Medicine. 

With more than 85 clubs and 200 leadership positions in the Student Association (SA), HBS students can gain real-life leadership and organizational management experience.

Notable Alumni 

Sheryl Sandberg 

After earning her MBA from Harvard in 1995, Sheryl Sandberg began her career as chief of staff to Larry Summers, who was serving as US Treasury Secretary. In 2008, Sheryl joined Facebook and served as its Chief Operating Officer, where she oversees all business operations. Alongside her work at Facebook, Sheryl Sandberg has also contributed to the field of corporate feminism, where she wrote the bestselling book Lean In.

Michael Bloomberg 

As a founder of the multi-billion dollar media group Bloomberg, Michael Bloomberg obtained his MBA at Harvard Business School in 1966. He was also the mayor of New York City, having won the election three times. He's famous for his work on issues such as air quality, public health, and sustainability.

HBS is one of the most renowned business schools in the world. trying to get into it can feel like an uphill battle. But once you're there, from the connections you make, the education you receive, to the opportunities that present themselves—it's all gonna be worth it!

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