Business school is a valuable investment in your future. HBS proudly supports that investment by offering generous need-based HBS Fellowships to help students cover the full Cost of Attendance.
Every financial aid package is different. Packages may include a combination of your fellowship award, savings, and a student loan. HBS will help you meet your full financial need through a combination of these resources:
HBS Fellowshiptrs (and other HBS Funding if applicable) + Savings & External Sources + Student Loans (Federal & Private)
MERIT-BASED ADMISSIONS, NEED-BASED AID
Every student admitted to HBS demonstrates a unique ability to become a leader who will make a difference in the world. While admissions are based on merit, financial aid is awarded based on demonstrated need.
HBS Fellowships are gifts that do not need to be paid back, and nearly 50% of the class receives a fellowship award. The average HBS Fellowship is approximately $40,000 per year, or $80,000 total. All students are encouraged to apply for an HBS Fellowship after being admitted to the program.
HOW NEED IS DETERMINED
HBS Fellowships function much like scholarships at other schools, but we do not offer full scholarships. When determining fellowship amounts, we approach financial aid as a shared investment in your future—and a shared responsibility.
HBS Fellowships are calculated based on your income from the last three years, along with any assets you have. Students with higher earnings contribute at a higher rate than students with lower earnings. If you are married and/or have children, we also consider a portion of your spouse’s income and assets, as well as your higher cost of living.
Employer sponsorship and loans are considered outside scholarships for financial aid purposes. Students who receive employer loans or sponsorships are generally not eligible for HBS Fellowships.
HBS Fellowships are typically funded directly by HBS alumni. We often try to pair alumni and fellowship recipients who share similar backgrounds or aspirations to create meaningful connections between past HBS classes and those that follow. To learn more, we invite you to hear the stories that make HBS Fellowships so special.
Additional Harvard Fellowships
We complement our need-based HBS Fellowships with a small number of other fellowships for students with specific backgrounds and interests. These additional fellowships are available to qualified students, even if you do not receive financial aid, and you may apply after your receive your acceptance letter.
HBS is proud to announce our new Forward Fellowship which is designed to support students from lower-income backgrounds who have carried significant financial burdens or obligations.
Open to HBS students in the third year of the joint degree program with Harvard Kennedy School (HKS), the fellowship reflects the foundation’s commitment to enhancing public service by investing in character formation and leadership development.
Open to students demonstrating nonprofit leadership.
Open to students with Junior Achievement experience.
Open to students with demonstrated experience in and commitment to the life sciences.
Open to students from all regions of Canada.
Administered by the Center for Public Leadership, the Black Family Fellowship provides up to $20,000 a year in tuition support, along with a leadership development program, for 5-8 US veteran/active duty military students at Harvard Business School.
Harvard University General Scholarships
The Committee on General Scholarships administers a small number of special financial aid, scholarship, and fellowship programs that support graduate and undergraduate students across Harvard University. Once admitted, students will gain access to an interactive tool to explore their eligibility.
Harvard University offers several fellowships for study-related travel. These fellowships are administered by the Harvard University Committee on General Scholarships.
For further information, visit the Traveling Fellowships section of the Committee on General Scholarships website.
Please note: Traveling Fellowships are generally incompatible with the HBS academic schedule.