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  • Financials
    • Financials
    • From the Chief Financial Officer
    • Financial Highlights
    • Statement of Activity & Cash Flows
    • Consolidated Balance Sheet
    • Supplemental Financial Information
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Financials

Financials

  • From the Chief Financial Officer
  • Financial Highlights
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information

5-Year Data Summary

5-Year Data Summary

  • From the Chief Financial Officer
  • Financial Highlights
  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information
2ms

Financial Data

IN MILLIONS For the Fiscal Year ended June 30...
2020 2019 2018 2017 2016
Revenues
$ 861 m.
925 856 800 761
Expenses
$ 831 m.
821 766 731 704
Cash from Operations 30 104 90 69 57
Capital Investments 43 38 92 78 113
Building Debt Outstanding 40 46 55 64 71
Unrestricted Reserves 174 129 118 145 103
Endowment 4,092 3,985 3,787 3,472 3,209
Total Assets $ 5,558 $ 5,420 $ 5,208 $ 4,821 $ 4,508

MBA Program

2020 2019 2018 2017 2016
Applications 9,304 9,228 9,886 10,351 9,759
Percent Admitted 13% 12% 11% 11% 11%
Yield 85% 89% 91% 91% 90%
Enrollment 1,877 1,881 1,870 1,879 1,883
Tuition $ 73,440 $ 73,440 $ 72,000 $ 63,675 $ 61,225
Average Fellowship Aid Per Student $ 42,225 $ 42,034 $ 38,959 $ 37,312 $ 35,571

Doctoral Programs

2020 2019 2018 2017 2016
Applications 797 748 864 915 843
Percent Admitted 4% 5% 4% 4% 5%
Yield 87% 81% 64% 79% 66%
Enrollment 133 131 134 132 134

Executive Education

2020 2019 2018 2017 2016
Enrollment 10,881 12,605 12,070 11,361 10,855

HBS Online

2020 2019 2018 2017 2016
Participants 28,839 19,304 12,936 9,142 6,634

Faculty

2020 2019 2018 2017 2016
Faculty Positions (full-time equivalents) 244 233 225 233 233
Teaching Materials 676 626 642 573 566
Research Articles on HBR.org 231 177 199 182 174
Books 15 14 11 14 23

Staff

2020 2019 2018 2017 2016
Staff Positions (full-time equivalents) 1,839 1,761 1,721 1,680 1,631

Publishing

2020 2019 2018 2017 2016
Cases Sold 15,209,000 14,539,000 15,062,000 14,859,000 13,468,000
Harvard ManageMentor Active Users 5,037,000 2,837,000 2,430,000 3,200,000 3,478,000
HBR.org Average Monthly Visitors 9,956,000 6,916,000 7,153,000 7,012,000 5,511,000
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