At HBS, we consider getting your MBA a shared investment in your future. Our students meet the annual cost of our MBA program through scholarships, savings, and student loans.

The HBS Cost of Attendance includes both direct and indirect expenses. Direct expenses, tuition and fees, are charged directly to your student bill. Indirect expenses, such as living expenses, are more flexible. This annual cost of attendance assumes a nine (9) month academic year and a moderate student lifestyle. You may receive a combination of need-based scholarships, complementary fellowships, outside scholarships, and student loans, up to the Cost of Attendance for the academic year.

A Shared Investment in Your Future

average need-based scholarship awarded over two years
in aid distributed each year
median starting salary after HBS
median signing bonus after HBS
The annual cost of the Harvard MBA program

2022-2023 MBA Student Budget Class 2023 (EC) and Class of 2024 (RC)-9 months

Single Married Married
with One Child
with Two Children
Tuition $73,440 $73,440 $73,440 $73,440
HUHS Student Health Fee (SHF) $1,304 $1,304 $1,304 $1,304
Student Health Insurance Plan (SHIP) $4,080 $4,080 $4,080 $4,080
hushp FOR STUDENT SPOUSES/DEPENDENTS $0 $8,464 $12,962 $15,224
$2,550 $2,550 $2,550 $2,550
Room & Utilities (9 months) $14,850*
LIVING EXPENSES (9 months) $16,540
Total $112,764 $134,308 $149,916 $157,308
Computer (variable; not included in above budgets)
$1,500 $1,500 $1,500 $1,500

*based on average area market rate for 2 bedroom apartment w/roommate
**based on average area market rate for 1 bedroom apartment
***based on average area market rate for 2 bedroom apartment

2021-2022 Cost of Attendance: Class of 2022 and Class of 2023

Please note that eligibility for Federal student aid is based on the single student budget.

Visit the MS/MBA: Engineering Sciences and MS/MBA Biotechnology: Life Sciences Program Admissions & Financial Aid pages for the Cost of Attendance for each program.


9 Months of Classes, 12 Months of Rent

The academic year is nine months. While HBS dorms have a nine-month lease, off-campus housing often requires a 12-month lease. If you live off campus, or stay for a summer program, you will need to cover the additional three (3) months’ rent, as well as utilities and monthly expenses.

Federal Student Aid

According to Federal regulations, total eligibility for Federal loans is based on the total annual cost of attendance for a single student.

Health Insurance

Health insurance coverage is mandatory. The Annual Cost of Attendance above shows two separate charges for health insurance. The Student Health Fee (SHF) is mandated for all students and may not be waived. However, if you participate in another health insurance plan with comparable coverage to the Student Health Insurance Plan (SHIP), you may waive the SHIP portion of your health fees.

Optional Activities

There are countless opportunities to participate in optional activities during your time at HBS. While the MBA Program Cost of Attendance makes allowances for many of the typical expenses, there is no way to anticipate specific costs for each individual student. It is important to understand that students who get financial aid will need to make choices—or plan additional savings to cover the costs of optional activities.