What a Harvard MBA costs

Estimating the actual cost of a Harvard Business School MBA is not easy. Incoming MBA students in the fall of 2017 can expect to pay a total of $144,000 in tuition over the two years. But that is just the beginning. There’s another $5,000 in course fees and materials, $6,620 in health insurance, an estimated $26,388 for your room and utilities on campus, and finally another $29,668 for food, drinks and other incidentals. So for a single student, the total costs for the Harvard MBA come to $213,600.

But if you get the average scholarship award of $37,000 a year—half of all HBS students are on scholarship—you could reduce that number to just a shade under $140,000. Harvard parcels out more scholarship dough–$34 million for MBA students last year–than any other business school but does so only based on need–not merit. Continue reading