01 Jun 2012
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Good Fellowship

Re: Bruce Johnstone (MBA 1966)

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In April, some 500 students, alumni, and guests attended the annual Fellowship Dinner at HBS. The event included remarks by Dean Nitin Nohria and a video that underscored the importance of fellowships not only to the recipients but also to the academic enrichment of the School.

Through fellowships, almost half of all MBAs (some 900 students) receive financial aid—on average, $59,000 per individual over the two-year MBA Program—thanks to more than 450 funds established by alumni, friends, and companies. Fellowships are need-based grants that support the School’s need-blind admissions policy and help ensure that outstanding students, for whom HBS might otherwise be unaffordable, may enroll at the School. All students are first awarded a loan package; fellowship awards then augment the students’ personal resources. All fellowship recipients are matched with at least one donor fund. In all, some $24 million in financial support will be distributed in fiscal year 2012, with 89 percent coming from donor fellowships and 11 percent from the HBS Dean’s Fund.

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