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    • Statement of Activity & Cash Flows
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  • Five Year Data Summary→

Financials

5-Year Data Summary

  • Statement of Activity & Cash Flows
  • Consolidated Balance Sheet
  • Supplemental Financial Information

Financial Data

IN MILLIONS for the Fiscal Year {FY} ended June 30...
2015 2014 2013 2012 2011
Revenues
$ 707 m.
676 612 546 509
Expenses
$ 660 m.
645 571 504 456

Cash from Operations

47 31 41 42 53

Capital Investments

81 92 80 51 34

Building Debt Outstanding

78 85 91 99 103

Unrestricted Reserves

125 99 83 119 79

Endowment

3,323 3,224 2,880 2,665 2,779

Total Assets

4,587 4,409 3,831 3,490 3,528

MBA Program

2015 2014 2013 2012 2011

Applications

9,686 9,543 9,315 8,963 9,134

Percent Admitted

11% 12% 12% 13% 12%

Yield

91% 89% 89% 89% 89%

Enrollment

1,865 1,859 1,838 1,805 1,860

Tuition

$ 58,875 $ 56,175 $ 53,500 $ 51,200 $ 48,600

Average Fellowship Aid Per Student

$ 32,919 $ 31,710 $ 30,725 $ 29,843 $ 26,745

Doctoral Programs

2015 2014 2013 2012 2011

Applications

749 792 816 868 830

Percent Admitted

4% 4% 5% 4% 5%

Yield

53% 76% 71% 68% 68%

Enrollment

147 150 143 137 132

Executive Education

2015 2014 2013 2012 2011

Enrollment

10,614 9,993 9,992 9,891 9,939

HBX

2015 2014 2013 2012 2011

CORe Participants

3,511 622 – – –

Courses, Corporate Customers

21 1 – – –

Collaborating Colleges/Universities

13 1 – – –

Faculty

2015 2014 2013 2012 2011

Faculty Positions (full-time equivalents)

231 234 227 232 217

Teaching Materials

544 617 684 640 691

Research Articles

183 193 181 184 150

Books

13 18 17 23 18

Staff

2015 2014 2013 2012 2011

Staff Positions (full-time equivalents)

1,541 1,447 1,335 1,198 1,138

Publishing

2015 2014 2013 2012 2011

Cases Sold

13,223,000 11,992,000 11,448,000 10,603,000 9,764,000

Harvard ManageMentor ™ Active Users

1,700,000 900,000 – – –

HBR.org Average Monthly Visitors

4,629,400 3,656,000 3,348,300 2,864,500 1,469,900
 

* 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 2015, the School’s results for fiscal years 2013 and 2014 are presented in accordance with GAAP within the Statement of Activity and Cash Flows.

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