The Year in Review

After a tumultuous two years of figuring out how to adapt and thrive in the face of COVID-19, fiscal year 2022 brought a steady return to normalcy at Harvard Business School. It seemed like two different years wrapped into one, beginning with an intense effort around welcoming the entire community back and culminating in a joyous crescendo of multiple commencements and alumni reunions—with more than 23,000 in attendance, including graduates, friends, and family members. Throughout it all, HBS faculty, students, and staff displayed the resilience, flexibility, and innovative spirit that have become our hallmark in these challenging times.

Students talking outside

Students Arrive

More than 9,700 applicants sought a place in the MBA Program and nearly 1,000 applicants in the Doctoral Programs; the acceptance rate for both was highly competitive, at 13 percent and 3 percent, respectively.

Fellowships in fiscal year 2022 were awarded to 817 MBA students, with an average fellowship of $43,794.


  • Students 1,013
  • Applications 9,773
  • Acceptance Rate 13%


  • Students 23
  • Applications 995
  • Acceptance Rate 3%
More Key Enrollment Statistics

New Faculty

Twenty-three faculty members, including new tenure-track professors, visitors, and practitioners, participated in START, a deep-dive orientation to the School that took place virtually over three days in July 2021 with one day on campus in August. The program provides an overview of Harvard Business School and a window into research and research support at the School, the case method, and the classroom experience. Teaching faculty join study groups and practice preparing and opening a case, and then receive feedback and advice from experienced colleagues.


Organizational Behavior Anjali M. Bhatt

Organizational Behavior

Organizational Behavior Summer R. Jackson

Organizational Behavior

Accounting & Management Jung Koo Kang

Accounting & Management

Strategy Rebecca A. Karp


Accounting & Management Shirley Lu

Accounting & Management

Technology & Operations Management Edward McFowland III

Technology & Operations Management

Technology & Operations Management Seth Neel

Technology & Operations Management

Business, Government & the International Economy Charlotte L. Robertson

Business, Government & the International Economy

Finance Marco Sammon


Organizational Behavior Lumumba B. Seegars

Organizational Behavior

Faculty Promotions

Two faculty members were promoted in 2022.

Full Professor

Full Professor

Entrepreneurial Management Scott Duke Kominers

Entrepreneurial Management

Associate Professor

Associate Professor

Finance Mark L. Egan


FIELD Immersion Experience Returns

After a two-year hiatus because of COVID-19, the first-year required Field Immersion Experiences for Leadership Development (FIELD) course returned. Given the unpredictability of pandemic travel restrictions, the program pivoted to focus on US challenges and opportunities, taking more than 1,000 students to one of 15 domestic locations. With a lens on the course’s three modules—contextual intelligence, team effectiveness, and design thinking—teams took on challenges in cities such as Tulsa, OK and Columbus, OH. Smaller group sizes allowed for faster implementation of change and gave students transferrable concepts and skills to leverage throughout their careers.

FIELD Immersion Press Release
Students walking outside
Educator teaching in an online classroom

Synergies Across Executive Education & HBS Online

HBS Online and Executive Education were combined under one management structure to reflect and respond to emerging trends toward programs that utilize both in-person and online components, and will further amplify HBS’s efforts in professional development. Patrick Mullane, previously at the helm of HBS Online, took on the newly designed role of Executive Director of Executive Education and HBS Online, joining Professor Luis Viceira, who serves as Senior Associate Dean for these groups as well. This new organizational structure will allow the School to expand and leverage opportunities across the constituencies and learners they serve while further strengthening their individual positions and managing their growth and long-term success.

FY22 was marked by a return to in-person learning. For Executive Education this meant welcoming over 10,000 participants to campus in Comprehensive Leadership, Focused, Global, and Custom programs. And, while the HBS Online portfolio continued its rapid growth with four new certificate programs and three new Certificates of Specialization, it also hosted Connext, an annual gathering of learners, in a hybrid format with over 1,500 attendees, as well as a campus-based reunion for the Harvard Business Analytics Program’s 400 participants who had attended virtual immersions in 2020 and 2021.

Celebrating 100 Years of the Case Method

The 2021-22 academic year marked the centennial of the introduction of the case method at Harvard Business School. The very first case, General Shoe Company, was published in 1921, at a time when the field of management education was still quite new. Dean Wallace Donham strongly believed that the best way to teach business education was by discussion, not by lecture. His visionary approach had an impact on hundreds of other business schools, thousands of companies, and millions of managers around the world. The case method teaches students how to learn: to practice drilling down to the root cause of issues, asking questions, and listening to others’ viewpoints. A new website, an exhibition by Baker Library Special Collections, numerous community events, as well as a video collection of faculty discussing their most impactful cases marked the 100th anniversary of this pedagogy.

Case Method 100 Years Videos
Faculty with large stacks of case studies on paper
Educator teaching in an online classroom

100 Years of Harvard Business Review

The year 1922 was pivotal at HBS not only for the establishment of the School’s signature teaching methodology, but also for the creation of Harvard Business Publishing’s flagship publication, Harvard Business Review (HBR). For the past century, HBR has been required reading in executive suites around the world and a sought-after platform for business scholars and thought leaders. In 2022, HBR highlighted its favorite articles and published a new book, HBR at 100: The Most Influential and Innovative Articles from Harvard Business Review’s First Century.

Diversity, Equity & Inclusion

Technology & Operations Management

Making the MBA Program More Affordable

Over the past several years, the School has taken measures to make the MBA Program more affordable to students from different socio-economic backgrounds. Last year, that involved implementing a new approach to evaluating and awarding need-based scholarships. In addition to individual income and assets, a student’s socioeconomic background—including their family’s income and assets—will also be considered in determining aid. This change will help better account for intergenerational wealth differences and help remove a barrier for outstanding candidates from lower socioeconomic backgrounds, working toward the School’s goal of strengthening diversity at HBS.

RISE Fellows

As part of the School’s Action Plan for Advancing Racial Equity, 20 MBA students were selected as the inaugural recipients of the Recognizing Individuals Seeking Equity (RISE) Fellowship. The fellows were chosen for their demonstrated commitment to serving Black/African American, Hispanic/Latinx, and other communities of color within the US prior to enrolling at HBS.

The 2021 RISE fellows are MBA Class of 2023’s Adán Acevedo, Jerome Fulton Jr., Amari Griffin, Tarebi John, Zoe Matthew, Alejandro Molina, Ted Obi, Chidalu Onyenso, Lanita Patton, Nashae Roundtree, David Velasquez, Mireille Verdonk; and MBA Class of 2022’s Siham Adous, Aaron Hancock, Brian Hollins, Diego Salas, Devon Sanford, Lucas Santos, Xonana Scrubb, and Tracey Thompson.

RISE Fellows Profiles

Faculty & Staff Demographics

HBS has been publicly tracking and reporting on the composition of faculty and staff with an eye toward identifying and responding to trends.


  • Total 322
  • Female 28%
  • Minority 28%


  • Total 1,325
  • Female 65%
  • Minority 26%
More Key Faculty & Staff Metrics

Cash House Dedication

On April 11, 2022, James I. Cash, the James E. Robison Professor of Business Administration, Emeritus, joined Dean Srikant Datar, former Dean Nitin Nohria, and University President Lawrence Bacow, to dedicate the newly named and renovated Cash House. Cash, a prolific teacher, author, mentor, and scholar of impeccable character, was the first Black faculty member to receive tenure in 1985. One of the first campus construction projects completed after the launch of the Advancing Racial Equity plan, the renovation reflects the School’s efforts to partner with minority-owned businesses and bolster job site diversity.

Ribbon cutting ceremony for Cash House

Sustainability on Campus & Beyond

Sustainability continues to be a top priority for HBS that cuts across all aspects of our work from teaching and scholarship to day-to-day operations. The School’s sustainability framework focuses on emissions and energy; campus operations; nature and ecosystems; health and wellbeing; and culture and learning. With support from Operations, student leadership (Student Sustainability Associates Program), employee engagement (Green Office Program and HBS Green Team volunteer staff), and Executive Education outreach, the entire community is engaged in this effort, all of which ties back to our commitment to Harvard’s Sustainability and Climate Action Plan.

Climate Rising Podcast The School’s influence on sustainability and climate change extends well beyond campus boundaries. Faculty research related to environmental issues comprises nearly 1,000 cases and teaching materials currently available for use. The Business and Environment Initiative inspires innovation and action through activities such as the popular Climate Rising podcast, reaching thousands of listeners around the world.

Campus Sustainability Metrics

  • 16 projects have earned LEED certification, the globally recognized symbol of sustainability achievement and leadership.
  • 51% of Klarman Hall irrigation water was supplied by a rain water tank in calendar year 2021.
  • 9 green roofs on campus assisted with stormwater management, which helped reduce pollution in the Charles River.
  • 4 beehives contributed to bee health research and generated honey for the campus.
More Campus Sustainability Metrics


May 25–26, 2022 marked the first in-person Class Day and Commencement in two years, with 770 students receiving their MBA degrees in the Class of 2022. The day also marked the first graduation of the MS/MBA Biotechnology: Life Sciences cohort of 11 students, a joint program among HBS, the Graduate School of Arts and Sciences, and Harvard Medical School through the Harvard Department of Stem Cell and Regenerative Biology. In addition, 20 students in the Doctoral Program earned PhD degrees in programs offered jointly with the Harvard Graduate School of Arts and Sciences in the fields of business administration, business economics, and organizational behavior. Class Day remarks were made by Class of 2022 Student Association Co-Presidents Brett Andersen and Irvin Gómez followed by student Class Day speaker Peter James Kiernan, a faculty awards presentation, as well as Class Day speaker Robert L. Ryan (MBA 1970).

Reunions and commencements were also held for those in the Classes of 2020 and 2021, whose celebrations were virtual during the pandemic. Saturday saw receptions and reunion activities, followed by the opportunity on Sunday for students to join a procession to Harvard Yard with Harvard University President, Lawrence Bacow. Afterward, graduates crossed the stage at HBS and celebrated with their families and friends.

Commencement Press Release
A group of happy students at commencement

Dean’s Awards

Four members of the HBS MBA Class of 2022 were named the recipients of the School’s Dean’s Award, which celebrates the extraordinary achievements of graduating students who have made a positive impact on Harvard, HBS, and/or broader communities through exceptional acts of leadership. Aaron Hancock, Peter James Kiernan, Bethany Rolan, and April Weathers were formally recognized during graduation week.

Dean's Award Press Release
MBA 2022

Aaron Hancock

MBA 2022

MBA 2022

Peter James Keirnan

MBA 2022

MBA 2022

Bethany Rolan

MBA 2022

MBA 2022

April Weathers

MBA 2022

Launch of the Digital, Data, and Design Institute at Harvard

The Digital, Data, and Design Institute at Harvard (D^3) strives to educate the next generation of leaders, reinventing how companies and organizations will compete and thrive in the age of artificial intelligence. Based at HBS but open to all faculty across the University, the Institute will leverage and extend the School’s strengths and resources as well as University partnerships to bring cross-disciplinary focus to key business and societal challenges.

The structure of the Institute encompasses research programs and labs that drive foundational and applied research on topics critical to business; engagement platforms that catalyze connections among faculty members, companies, practitioners, and ideas outside of HBS; and a core that provides key data and administrative services.

More on the Digital, Data, and Design Institute at Harvard

Institute for the Study of Business in Global Society Established

The Institute for the Study of Business in Global Society (BiGS) brings together a community of students, scholars, and practitioners to explore the role business can and should play in finding solutions to complex societal challenges.

BiGS engages faculty from across the School and deploys a diverse array of methodologies to explore how the power of business can be harnessed to make capitalism work better. The goal of BiGS and its faculty is to tie research to practice, developing insights, tools, and metrics that managers can use to guide their decisions and leadership goals.

During its initial phase, the Institute will focus on several key areas, in partnership with related Initiatives and other faculty at HBS. Topics include race, diversity, and inequality; climate change and sustainability; and economic inclusion.

The inaugural cohort of BiGS Visiting Fellows joined the School in fall 2022.

More on the Institute for the Study of Business in Global Society
Students on stage receiving an award form the New Venture Competition

New Venture Competition Turns 25

Celebrating a quarter century of innovation and entrepreneurship, the New Venture Competition in March featured 20 student and alumni finalist teams coming together to compete for a share of $315,000 cash and in-kind prizes. A parallel Tough Technology track recognizes the unique challenges of companies commercializing breakthrough technology. This year, 295 teams entered the virtual competition—117 in the Student Business Track, 48 in the Student Social Enterprise Track, and 130 in the Alumni Track. Since its inception in 1997, there have been more than 6,700 participants, and over $3 million has been awarded to the winning teams.

Winning teams
CashEx, Coprata, Carbon Vacuum, Fleetzero

ClearCut Surgical, Collective, Feather Health

Crowd favorites
CardioPhi, ClearCut Surgical, SurgiBox

New Venture Competition Press Release and Team Videos

Rising Scholars Conference Hosted

The School hosted the Rising Scholars Conference, which originated at Stanford Graduate School of Business in 2020, to support doctoral student and faculty diversity. Through opportunities to gain feedback, insight, exposure, and to expand academic networks, the virtual conference brought together doctoral and postdoctoral students from across the country who had the opportunity to present their work and interact with faculty at HBS and other academic institutions.

Happy alumni having a conversation at an on campus reunion.

Alumni Return to Campus

Honoring the School’s commitment to alumni whose in-person reunions were converted to virtual gatherings due to the pandemic, Reunion Celebration 2022 saw 37 MBA classes and 22 Executive Education programs return to campus and reconnect over a span of six weeks. More than 14,000 attendees engaged in on-campus discussions and presentations, including over 100 faculty-led programs and innovative new events like Alumni Dialogues and an Entrepreneurs Exchange.

First HBS Fund Investors Society Challenge a Success

More than 500 alumni from the 15 most recent MBA classes (2007–2021) participated in the first-ever HBS Fund Investors Society Challenge in FY22. Together, they unlocked $1 million from Ben Faw (MBA 2014) and his wife Julia Yoo, who sponsored the Challenge to motivate fellow younger alumni to make leadership gifts to the HBS Fund. The Challenge also helped set a new annual record for Investors Society membership overall.

Mid-US Research Office Opens

Alicia Dadlani The Mid-US Research Office opened in November 2021 and joins 10 HBS research centers and eight regional offices located around the world. In order to capitalize on the varied geographic, demographic, and business make-up of the Mid-US region, the new office will be the School’s first “networked” office, with the director, Alicia Dadlani, based in Columbus, OH and additional staff and researchers eventually operating from strategic locations throughout the region. The center works closely with HBS faculty and experts in the field, developing case studies, managing research projects, performing in-depth field and on-line research, and representing the School.

Harvard Business School Logo

Brand Identity Refreshed

The new year brought a refresh to Harvard Business School’s iconic brand, the first in over a decade. In December, after nearly a year of research, design, and collaborative effort, Marketing & Communications unveiled the new wordmark, font, color palette, and patterns that will represent the School in current and future websites, publications, collateral, and advertisements. These new materials will reflect a brand that is engaged, global, inclusive, innovative, inspiring, and visionary, yet with a strong connection to the overarching Harvard University brand.

Interview with the Designers

New Leadership for Information Technology

Elizabeth Clark Elizabeth Clark assumed the role of Chief Information Officer role. Clark joined HBS in 2012 as managing director of educational technology services. She has spearheaded initiatives ranging from the successful implementation of several enterprise technology solutions—including Canvas, Salesforce, ServiceNow, and Zoom—as well as ongoing IT operational improvements. Most recently, as deputy CIO, she led the development and deployment of hybrid and virtual classroom models that enabled crucial pedagogical flexibility during the pandemic.

New Leadership for Baker Library

Kenneth Peterson Kenneth Peterson joined HBS as the School’s Executive Director for Baker Library. Peterson leads his team in acquiring, creating, managing, preserving, and disseminating information. Baker Library provides a range of critical services to faculty, staff, and students including research and course support, information and data management services, and information products. They also manage contemporary and historical collections, the HBS Art Collection & Program, and a content management system and discovery platform.

Wind Sculpture (SG) V, 2019, by Yinka Shonibare CBE RA.
          Stainless steel armature with hand painted glass reinforced
          polyester cast.

Campus Art Installed

The HBS Art Collection & Program consists of over 1,000 original works and serves as a key teaching and learning resource, inspiring the HBS community to think creatively and incorporate art into their lives. Four new sculptures debuted on campus as part of the School’s ongoing contemporary sculpture program. A sculpture by Yinka Shonibare CBE RA is a new addition to the C. Ludens Ringnes Sculpture Collection, and a sculpture by Melvin Edwards and two works by Thaddeus Mosley are on loan to the School for the 2021-2023 exhibition. They join campus sculptures by Mary Frank, Jaume Plensa, John Safer, and Joel Shapiro in the School’s permanent collection.

Pictured: Wind Sculpture (SG) V, 2019, by Yinka Shonibare CBE RA. Stainless steel armature with hand painted glass reinforced polyester cast. 275 1/2 × 100 × 78 5/8 in. C. Ludens Ringnes Sculpture Collection, Harvard Business School. © Yinka Shonibare CBE. All Rights Reserved, DACS/ARS, NY 2022. Executive Education Lawn, Harvard Business School.

Students in the classroom

Initiatives Fuel Research

Initiatives are research-fueled communities of engagement where faculty, students, and alumni connect with practitioners in the field to develop insights that drive impact. Activities include awarding fellowships, such as the Goldsmith Fellowship—established in 1988 by the Horace W. Goldsmith Foundation and Richard L. Menschel (MBA 1959)—to encourage students from the nonprofit and public sector to attend HBS. Monami Chakraborty, Joe English, Kendall Ernst, Furman Haynes, Quintin Haynes, Vi Mai, Colin McWatters, Nikita Ramanujam, Andrew Seo, Amara Warren, and Ava Zhang were 2021 Fellowship recipients.

Other 2022 Initiative activities included the Gender and Work Symposium, which turns a critical eye toward current ideas about how to eradicate inequality, as well as the Blavatnik Fellowship in Life Science Entrepreneurship, which is a one-year program for alumni in health care startups. Recipients for 2021-22 were Dan Ahlstedt (MBA 2021), Nicole Black (PhD 2020), Ying Kai Chan (PhD 2015), Jannine Versi (MBA 2014), and Ananya Zutshi (MS/MBA 2021).

Executive Fellows Announced

The 31 members of the Executive Fellows Program for the 2021-2022 academic year—the largest cohort yet—leveraged their expertise as practitioners to enhance teaching and learning at the School. Activities in which they engage included: co-teaching courses and Short Intensive Programs (SIPs) in the MBA program; offering career counseling and development coaching; and delivering workshop sessions. They also brought their expertise to the School’s HBS Online and Executive Education programs by collaborating with faculty in case development and other research projects.

Executive Fellows Press Release

Leadership Fellows

The Leadership Fellows program strives to develop a network of HBS graduates with cross-sector experience who are committed to addressing societal issues throughout their careers. The program is based on University Professor Michael Porter’s vision of developing a network of HBS graduates with cross-sector experience who are committed to addressing societal issues throughout their careers. 2022 Leadership Fellows include:

  • Fatima AlBassam, City of Boston Mayor's Office
  • Elizabeth Arenz, Environmental Defense Fund
  • Sue Chuang, Lincoln Center for the Performing Arts
  • Nikita Chuyko, MBTA
  • Merve Ciplak, The Juilliard School
  • Fiona Liao, Environmental Defense Fund
  • Elisa MacColl, MassHealth
  • Kaley Martin, City of Detroit Mayor's Office
  • Marie Rose Muir, Boston Ballet
  • Dan Segal, NewSchools Venture Fund
  • Audrey Sheng, Whitney Museum of American Art
  • Jenny Zhou, Harlem Children's Zone
Leadership Fellows Press Release

Alumni Achievement Awards 50th Cohort

Each year, the School recognizes a small number of outstanding alumni by conferring on them its highest honor, the Alumni Achievement Award. Throughout their careers, these distinguished graduates have contributed significantly to their companies and communities while upholding the highest standards and values in everything they do. Exemplary role models, they inspire all those who aspire to have an impact on both business and society. The 2022 awardees were:

MBA 1972 Former President, Engineering Systems; Former President, Office Products Division, Xerox Corporation

Patricia C. “Tosh” Barron

MBA 1972 Former President, Engineering Systems; Former President, Office Products Division, Xerox Corporation

MBA 2003 Founder and CEO, Khan Academy

Salman A. Khan

MBA 2003 Founder and CEO, Khan Academy

MBA 1982 Former Executive Director, Board of HSBC Asia Pacific; Former
              Chair, HSBC India; Founder and Chair, India Sanitation

Naina Lal Kidwai

MBA 1982 Former Executive Director, Board of HSBC Asia Pacific; Former Chair, HSBC India; Founder and Chair, India Sanitation Coalition

MBA 1970 Retired Senior VP and CFO, Medtronic Inc.

Robert L. Ryan

MBA 1970 Retired Senior VP and CFO, Medtronic Inc.

MBA 1961, DBA 1963 Adams Distinguished Professor of Management, Emeritus, Stanford University; 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Robert B. Wilson

MBA 1961, DBA 1963 Adams Distinguished Professor of Management, Emeritus, Stanford University; 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel


  • Barbara Cleary, Division of Research and Faculty Development, retired
  • Colyer Crum, James R. Williston Professor of Business Administration, Emeritus
  • J. Ronald (Ron) Fox, Jaime and Josefina Chia Tiampo Professor of Business Administration, Emeritus
  • Joseph (Joe) Dias, Restaurant Associates
  • Susan Hamilton, External Relations, retired
  • Elizabeth Karpati, MBA Program Office, retired
  • Peter J. Martel, Human Resources, retired
  • Jane McCormick, MBA Admissions, retired
  • Dolores D. Mullin, Audio Visual Services, retired
  • Alvin (Al) J. Silk, Lincoln Filene Professor of Business Administration, Emeritus
  • Richard (Dick) Eugene Walton, Wallace Brett Donham Professor of Business Administration, Emeritus