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    • 5-Year Data Summary
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  • 5-Year Data Summary→

Financials

5-Year Data Summary

  • 5-Year Data Summary
  • CFO Letter
  • Financial Highlights
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information

Financial Data

IN MILLIONS for the Fiscal Year ended June 30...
2016 2015 2014 2013 2012
Revenues
$ 761 m.
707 676 612 546
Expenses
$ 704 m.
660 645 571 504

Cash from Operations

57 47 31 41 42

Capital Investments

113 81 92 80 51

Building Debt Outstanding

71 78 85 91 99

Unrestricted Reserves

103 125 99 83 119

Endowment

3,181 3,323 3,224 2,880 2,665

Total Assets

$ 4,508 $ 4,587 $ 4,409 $ 3,831 $ 3,490

MBA Program

2016 2015 2014 2013 2012

Applications

9,759 9,686 9,543 9,315 8,963

Percent Admitted

11% 11% 12% 12% 13%

Yield

90% 91% 89% 89% 89%

Enrollment

1,883 1,865 1,859 1,838 1,805

Tuition

$ 61,225 $ 58,875 $ 56,175 $ 53,500 $ 51,200

Average Fellowship Aid Per Student

$ 35,571 $ 32,919 $ 31,710 $ 30,725 $ 29,843

Doctoral Programs

2016 2015 2014 2013 2012

Applications

843 749 792 816 868

Percent Admitted

5% 4% 4% 5% 4%

Yield

66% 53% 76% 71% 68%

Enrollment

134 147 150 143 137

Executive Education

2016 2015 2014 2013 2012

Enrollment

10,915 10,614 9,993 9,992 9,891

HBX

2016 2015 2014 2013 2012

CORe Participants

4,879 3,508 621 – –

Courses, Corporate Customers

43 21 1 – –

Collaborating Colleges/Universities

16 13 1 – –

Faculty

2016 2015 2014 2013 2012

Faculty Positions (full-time equivalents)

233 231 234 227 232

Teaching Materials

566 544 617 684 640

Research Articles

160 183 193 181 184

Books

23 13 18 17 23

Staff

2016 2015 2014 2013 2012

Staff Positions (full-time equivalents)

1,631 1,541 1,447 1,335 1,198

Publishing

2016 2015 2014 2013 2012

Cases Sold

13,468,000 13,223,000 11,992,000 11,448,000 10,603,000

Harvard ManageMentor ™ Registered Users

4,179,000 3,226,000 2,987,000 – –

HBR.org Average Monthly Visitors

5,511,000 4,629,000 3,656,000 3,627,000 2,864,500
 

* In pursuit of greater comparability across the Harvard schools, the University has asked all the schools to report their net results in accordance with generally accepted accounting principles (GAAP) in the United States. In addition to results for fiscal 2016, the School’s results for fiscal years 2014 and 2015 are presented in accordance with GAAP within the Statement of Activity and Cash Flows.

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