HBS MBA Program MBA News and Announcements en-us http://www.hbs.edu/mba/ <![CDATA[Financial Aid: How We Do It At HBS]]> Wed, 20 Aug 2014 15:00:00 EST

You don’t need me to tell you that business school is an expensive undertaking. Beyond the actual tuition and living expenses, there are the difficult-to-truly-calculate opportunity costs. Everyone whom we admit is undoubtedly doing VERY well out there in the Real World. Embarking on a two year business school adventure is a big decision.

We want to make it affordable.

Last year we awarded about $26 million in need-based financial aid. We plan to increase the amount for the Class of 2017.

Where does this money come from? Our alumni. They look back on the HBS experience as having been transformational in both professional and personal ways and they are eager to give back. Their favorite way to do this is through financial aid.

You’ve heard this before but I want to repeat it: our admissions process is need-blind. Although we ask for your income, this is more for us to understand different industries/paths vs. anything to do with evaluation. Our financial aid is need-based.

Here are 3 bullet points which may be helpful:

• We do not award full fellowships. This means that no student will be fully funded by HBS.

• You do not apply for financial aid until AFTER you receive an offer of admission.

• We have a loan program for international students which does not require a U.S. co-signer.

After you have completed a financial aid application, you will receive an award package from HBS. In making our awards, we rely on a formula which takes into account whether you are single or married and can be adjusted for documented exceptional circumstances. Parental income and assets are not considered in the calculation.

Let me repeat what I said earlier: we want to make HBS affordable. We want you to make post-MBA career decisions based on your dreams and aspirations, not a burdensome debt repayment obligation. We believe in the value proposition of our MBA - a place where leadership talent becomes a force to make a positive difference in the world. And we are confident that our students will become the alumni who are enthusiastic about enabling the next generation of HBS-aspirants to do the same.

 
 
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<![CDATA[CLASS VISITS!!!]]> Wed, 13 Aug 2014 08:00:00 EST

We’re officially in Back-to-School mode and want you to know how we welcome visitors to campus.

Registration for our September class visits opens on Friday, August 15. A couple of things about these first few weeks of visits:

• The date that you can first visit a class is September 10th. This is after the Round 1 deadline. While we would love for you to see a class in action (we think our classroom experience is distinctive, special, magical, etc.), whether you visit or not does not influence the evaluation process one way or the other. Should you be invited to interview and choose to come to campus to do so, you will have an opportunity to sit in on a class. In the meantime, you can familiarize yourself with the case method through our video Inside the Case Method.

• September visits are for SECOND YEAR CLASSES. Faculty like to give our new first year students a chance to settle in a bit with the case method and their sectionmates before visitors arrive. Visitors begin to sit in on first year classes in early October. Registration will be available in early September.

In addition to class visits, in September, our second year students begin leading our tours and information sessions. This is a great way to hear from current students about the MBA program. We will also always have an admissions staff member at these sessions as well. Please check the events section of our website for the schedule of tours and info sessions.

I must close with another enthusiastic plug for Inside the Case Method. While we do love you to come see us in person, there is truly no need to make an expensive pilgrimage. However, we do want you to understand that the case method is the signature pedagogy here at HBS – every day! Watching this video will give you a good sense of how and why we are so committed to this provocative way of learning.

 
 
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<![CDATA[Class of 2017 Application - the Starting Line!]]> Tue, 10 Jun 2014 16:00:00 EST

It's ready.

We've tried to provide instructions that are as down-to-earth as possible. We know that starting this process can feel unsettling. You may be wondering if doing b-school applications (and thinking about b-school applications) is going to be a full-time job.

We hope not.

We'll work hard here to be very transparent about what's going on here. By the end of June we'll post a recorded info session on the website that is a walk-through of the application. We'll also be hosting webinars where you can get questions answered.

And you're always welcome to come to campus - no students or classes but it's beautiful and there's food. And information sessions conducted by the Admissions Board on Mondays and Fridays at 2pm. No reservations necessary.

That's all!

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<![CDATA[A Sneak Peak at the Class of 2016 and some other things . . . ]]> Mon, 2 Jun 2014 08:00:00 EST

Here's a sneak peak into the Class of 2016. These numbers will change slightly - there will be some “summer melt” and we hope to still be able to make a handful of waitlist offers. Class will end up somewhere in the 930-939 range. But this is how things look today. These are the barebones stats we capture from applications. Our admits are polled later so we can add some more colorful information about them. Those responses are still coming in so we’ll post here again in a couple of weeks.

We’re also planning on posting more information about how our GMAT and GRE scores break out - subscores, how many take each test, etc.

We’re on target to launch the Class of 2017 application on June 10. Until then, there simply isn’t a way to start an application online - so please don’t get frustrated. It won’t be long!

 
 
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