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MBA Voices
MBA Voices
In the year since the Plan for Racial Equity was established, the MBA Admissions and Financial Aid teams have continued and extended efforts toward increasing opportunities for Black applicants. Alongside reinforcing and expanding current outreach efforts, the Plan outlined three clear commitments aimed at reducing financial barriers that often prevent students from underrepresented minority groups from applying to and attending HBS. [...]
Chad Losee, Managing Director of MBA Admissions and Financial Aid, recently sat down with Cyril Straughn-Turner, second-year MBA student and Chief Admissions Ambassador, for a “Busting HBS Myths” event aimed at demystifying what business school is really like and what is important in the HBS application process. Below are excerpts from their conversation touching on 5 top myths about HBS and the MBA application. [...]
Growing up in Pittsburgh, PA, Alexis Jackson (MBA 2021) was drawn to challenges and motivated to get a degree in an industry that would bring financial and job security. An aptitude for math and science led to an engineering scholarship to Penn State, a major in electrical engineering, and a position at a multinational oil and gas corporation after graduation. She moved to Louisiana with her mother and dug into her engineering role. At the back of her mind, though, was a nagging sense that engineering might not be right for her. Was she good at it? Yes. Did it offer a path for advancement, challenges, and secure income? All a resounding yes. But she wasn’t happy, despite achieving the markers of success for which she had worked so diligently. “Even though I enjoyed the company and people, I began to realize that it wasn’t a good fit for me. I had ambitions to explore a variety of industries and technologies. I also wanted to approach innovative challenges that created another layer of problem-solving depth,” said Jackson. [...]
Business school is a valuable investment in your future. HBS supports that investment through generous need-based scholarships. In addition to scholarships, many HBS students utilize student loans to help meet their portion of the shared investment.
If you anticipate borrowing to help finance your MBA, you are likely thinking about what repayment might look like post-graduation. HBS graduates pursue careers in a variety of industries and positions around the world. With a median starting salary of $148,750, and median signing bonus of $30,000, HBS graduates are well-positioned to pay off their student loans. Still, taking-on student debt to finance an MBA is a significant commitment, and we recognize that personal circumstances influence how each student approaches that commitment. To better understand how HBS graduates manage and repay their student debt, we interviewed several alumni about their loan repayment journeys. [...]
It’s important to understand all your options before you make a decision on what loan(s) to borrow. [...]
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The views and opinions expressed in the MBA Voices blog are those of the authors.
Any political views shared by students are their own; HBS does not endorse a
particular party or candidate.