The premium graduate business institution of Harvard University located in Boston City, Massachusetts is called the Harvard Business School. The world-renowned academic icon for future business professionals offers courses in executive education, full-time Masters in Business Administration (MBA) program and various doctoral degrees. The Harvard system includes a Business School Publishing which produces business manuscripts, books, articles on enterprise leadership, web-based online tools for corporate education, as well as the monthly Harvard Business Review publication*.
Harvard Business School was established in 1908 as a component of Harvard University. The prestigious institute has been responsible for educating business leaders who have molded the practice of enterprise in nearly all industries and every country worldwide. HBS faculty is segregated into the following academic entities**:
- Business, Government & International Economy
- Management & Accounting
- Entrepreneurial Management
- General Management
- Negotiation, Organizations & Markets
- Organizational Behavior
- Technology & Operations Management
Harvard Business School has ranked consistently among the top business schools globally. In fact, HBS was named number one among business institutions in the United States by the United States News and World Report, Forbes, and QS Global 200 Business School Report; number one in the whole world by the Financial Times, CNN Expansion and America Economia; number two by Bloomberg Business Week; number five in the globe by The Economist; and, number 21 worldwide by the Wall Street Journal*.
Among different reputable business schools, Harvard has an acceptance rate of 12 percent as of 2011. The average Graduate Management Admission Test or GMAT for 2013 is 724 and Grade Point Average (GPA) is 3.66. Total MBA enrollment for 2014 and 2015 are 913 and 932 respectively. Average annual fees (to include Tuition) amount to $91,200 for single students.
Living expenses depend on the student’s financial capacity. There is a Financial Aid and Fellowship Board which employs the standard student budget to determine awards for financial assistance. This budget takes into consideration a reasonable student lifestyle. The regular budget does not cover the cost of a personal computer which is a basic requirement for the MBA Program***.
The MBA program concentrates on general management flair. Students are compelled to enroll in the same course for the first year. Mandatory curriculum consists of Finance and Financial Reporting, Marketing, Business Economy, Technology & Operations Management, Negotiation, and Strategy. On the other hand, Executive Education utilizes a rigid interactive learning practice for students.
The Harvard University Business School uses the Case Method. The module places importance on group dynamics, combines lectures with group projects and presentations. It covers multiple programs which include General and Financial Management, Strategies, Marketing, Technology and Operations Management, Social Enterprise, and Personal Development,
The Doctoral Program has been designed to train students for careers as professors of management. Enrollees in this degree need to allot two years for course work and two more years for their thesis. Subjects include Business Economics, Accounting and Control, Health Policies, Marketing, Information Technology and Management, Policy Management, Organizational Behavior, and Strategy**.
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*For more information, please visit: http://en.wikipedia.org/wiki/Harvard_Business_School
**For more information, please visit: http://businessmajors.about.com/od/schoolprofiles/p/harvard.htm
***For more information, please visit: http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/harvard.html