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

Financials

Financials

5-Year Data Summary

5-Year Data Summary

  • 5-Year Data Summary
  • CFO Letter
  • Financial Highlights
  • Supplemental Financial Information
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
3ms

Financial Data

IN MILLIONS For the Fiscal Year ended June 30...
2019 2018 2017 2016 2015
Revenues
$ 925 m.
856 800 761 707
Expenses
$ 821 m.
766 731 704 660

Cash from Operations

104 90 69 57 47

Capital Investments

38 92 78 113 81

Building Debt Outstanding

46 55 64 71 78

Unrestricted Reserves

129 118 145 103 125

Endowment

3,985 3,787 3,472 3,209 3,309

Total Assets

$ 5,420 $ 5,208 $ 4,821 $ 4,508 $ 4,587

MBA Program

2019 2018 2017 2016 2015

Applications

9,228 9,886 10,351 9,759 9,686

Percent Admitted

12% 11% 11% 11% 11%

Yield

89% 91% 91% 90% 91%

Enrollment

1,881 1,870 1,879 1,883 1,865

Tuition

$ 73,440 $ 72,000 $ 63,675 $ 61,225 $ 58,875

Average Fellowship Aid Per Student

$ 42,034 $ 38,959 $ 37,312 $ 35,571 $ 32,919

Doctoral Programs

2019 2018 2017 2016 2015

Applications

748 864 915 843 749

Percent Admitted

5% 4% 4% 5% 4%

Yield

81% 64% 79% 66% 53%

Enrollment

131 134 132 134 147

Executive Education

2019 2018 2017 2016 2015

Enrollment

12,605 12,070 11,361 10,855 10,614

HBS Online

2019 2018 2017 2016 2015

Participants

19,304 12,936 9,142 6,634 3,471

Faculty

2019 2018 2017 2016 2015

Faculty Positions (full-time equivalents)

233 225 233 233 231

Teaching Materials

626 642 573 566 544

Research Articles on HBR.org

177 199 182 174 197

Books

14 11 14 23 13

Staff

2019 2018 2017 2016 2015

Staff Positions (full-time equivalents)

1,761 1,721 1,680 1,631 1,541

Publishing

2019 2018 2017 2016 2015

Cases Sold

14,539,000 15,062,000 14,859,000 13,468,000 13,223,000

Harvard ManageMentor Active Users

2,837,000 2,430,000 3,200,000 3,478,000 2,709,000

HBR.org Average Monthly Visitors

6,916,000 7,153,000 7,012,000 5,511,000 4,629,000
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