Annual Report 2011

Five-Year Data Summary

In millions
for the fiscal year (FY) ended JUNE 30,
2011 2010 2009 2008 2007
Revenues $509 $467 $472 $451 $405
Expenses 456 415 438 423 375
Cash from Operations 53 52 34 28 30
Capital Investments 34 14 19 40 20
Building Debt Outstanding 103 112 119 121 108
Unrestricted Revenues 79 99 96 79 65
Endowment 2,779 2,311 2,117 2,971 2,821
Total Assets 3,528 3,087 2,826 3,684 3,500

Key Facts

2011 2010 2009 2008 2007
MBA PROGRAM
Applications 9,134 9,524 9,093 8,661 7,438
Percent Admitted 12% 11% 12% 12% 14%
Yield 90% 89% 89% 91% 89%
Enrollment 1,860 1,864 1,809 1,796 1,806
Tuition $ 48,600 $ 46,150 $ 43,800 $ 41,900 $ 39,600
Average Fellowship Aid per Student $ 26,745 $ 23,989 $ 24,393 $ 21,591 $ 17,605
Doctoral Program
Applications 830 931 798 595 694
Percent Admitted 5% 4% 4% 6% 5%
Yield 68%69% 69% 81% 57%
Enrollment 132125 120 105 103
Executive Education
Enrollment 9,939 8,670 8,291 9,345 9,281
Faculty
Faculty Positions (full-time equivalents) 217218 228 219 206
Teaching Materials 635538 608 647 602
Research Articles 150155 146 152 145
Books 1829 20 24 24
Staff
Staff Positions (full-time equivalents) 1,1381,087 1,187 1,146 1,109
Publishing
Cases Sold 9,764,000 9,668,000 8,334,000 8,240,000 7,785,000
Harvard Business Press Books Sold 1,665,0001,769,000 1,478,000 2,025,000 1,882,000
HBR Circulation 241,000236,000 237,000 246,000 248,000
HBR Reprints Sold 3,098,0002,946,000 2,863,000 3,123,000 3,061,000