Do any MBA students get a “free ride” at HBS?
No, every MBA student is required to make a personal financial commitment to his or her HBS education. As shown in the sample budget below, students contribute an amount that HBS calculates by taking into account their prior years’ salary and spouse’s salary, if married, as well as their personal assets, including real estate, investments, and retirement accounts. For students who need financial assistance, they are awarded a loan package first and then the fellowship amount is determined.
Financing the MBA
Sample One-Year Budget, Class of 2013
- $18,390 Expected Student Contribution - Calculated based on student’s prior earnings and personal financial circumstances.
- +$33,810 HBS Base Loan Package - To be repaid by student.
- +$31,800 HBS Fellowship
- $84,000 HBS Cost of Attendance - Includes tuition, fees, and living expenses.