Harvard Business School Fellowship and Scholarship Program
Criteria: Need Based
- Student should have saved a percentage of his/her income from each of the prior three years
- Based on analysis of income and assets for the prior three years
- For married students, Spouse's income and assets, and a higher cost of living will be a factor.
Quick Facts:
- Nearly 50% of the class receives an average of approximately $46,000 per year in need-based HBS Fellowships
- A base loan package before any fellowship is awarded
- HBS Fellowships will fund the financial need (as determined by MBAFinancial Aid Services) beyond the base loan package and student'scontribution.
Analysis of Financial Need
- Cash, money market, CDs, stocks, securities, mutual funds, bonds, trust funds, home equity and other investments will be used in the analysis of the student's financial need.
Asset Evaluation
- Retirement assets with a value of $100,000 or less are not considered available for the MBA Program.
- Assume that 25% of retirement assets above $100,000 are available.
- Before Fellowship outside scholarships are considered.
On average, each Harvard MBA student receives $46,000 in scholarships per year, or a total of $92,000. These scholarships are funded by Alumni. In addition to the scholarships, students can avail fellowships that require meeting specific conditions - RISE fellowship (commitment to Black/African American, Hispanic/Latinx), John C. Phelan (MBA 1990), Forward Fellowship (low-income background), George Leadership Fellowship (Joint Degree participant - leadership potential), Horace W. Goldsmith Fellowship (commitment to a non-profit career or leadership), The Robert S. Kaplan (MBA 1983) Life Sciences Fellowship (excellence and commitment to the Life Science industry), John H. McArthur Canadian Fellowship (Canadian applicants), The Black Family Fellowship (US Military Veterans), Harvard University General Scholarships (all graduates and undergraduates), and Traveling Fellowships (to meet the travel requirements of the MBA program).
| Scholarship/Fellowships | Number of Awards/ Amount | Eligibility |
| RISE Fellowship | $10,000 to 10 MBA candidates | Students who have demonstrated commitment to serving Black/African American and other marginalized communities. |
| John C. Phelan (MBA 1990) Forward Fellowship | $30,000 ($15,000 each year) | Need-based scholarship are offered to the students with financial burdens |
| Horace W. Goldsmith Fellowship | $10,000 to seven to ten (7–10) first-year MBA students | Students demonstrating leadership attributes in the non-profit sector. |
| Junior Achievement Fellowship | Five $10,000 fellowships each year | Students with at least 2 years Junior Achievement Experience |
| George Leadership Fellowship | $12,000 | Open to HBS students in the third year of the joint degree program with Harvard Kennedy School (HKS) |
| John H. McArthur Canadian Fellowship | USD $20,000 ($10,000 per year) | Students from Canada who have lived there for atleast 7 years |
| The Black Family Fellowship | $20k to 5 to 8 students | US veteran/active duty military students |
| Harvard University General Scholarships | NA | Open to all students |
| Traveling Fellowships | NA | Open to all students |
Harvard MBA External Funding
Harvard offers 45 external funding sources, including 4 new fundings for students with categories such as Women, Minorities, Veteran, International students, LGBTQ, and background in Agriculture. The total amount of the awards ranges from $5,000 to $90,000.
| Criteria | Award Name | Eligibility | Amount |
| Women | American Association of University Women (AAUW) | Outstanding Women Candidate | Variable Amount ($20,000-$50,000) |
| Minority Students | American Indian Graduate Center Fellowships | Native American Students | NA |
| Hispanic Scholarship Fund | Students of Hispanic heritage | $500-$5000 | |
| The LunaCap Foundation | Mexican or active US veterans | $10000 | |
| Minorities in Government Finance Scholarship | Citizen of the US or Canada pursuing Career in Local government finance | $5000-$25000 | |
| Prospanica | Students of Hispanic/Latino Origin | $5000 | |
| John Mack ABANA Fellowship | Students of Arab/MENA heritage | $15,000 for two years | |
| American Institute of Certified Public Accountants (AICPA) Scholarship for Minority Accounting Students | Students who plan to pursue the CPA licensure. | $5,000 | |
| Veterans | Yellow Ribbon Program | US veterans | $40,000 |
| Post-9/11 GI Bill® | US Veteran | Tuition Fee and Monthly living allowance | |
| Montgomery GI Bill | US veterans who have served continuously for two years with a $100 per month deduction in monthly pay | NA | |
| Veteran Readiness and Employment (formerly Vocational Rehabilitation) | Have a service-connected disability rating of at least 10% from VA | NA | |
| Wells Fargo Veterans Scholarship Program | US veterans or their spouses | $10,000 | |
| The LunaCap Foundation | Active U.S. Military, U.S. Armed Forces Veterans, and students of Mexican descent | $10,000 | |
| The American Warrior Association Scholarship | Veterans transitioning to civilian life | $10,000-$15,000 | |
| Survivors’ and Dependents’ Educational Assistance Program (DEAP/REAP) | Dependents of US veterans | NA monthly payment | |
| New Americans | Paul and Daisy Soros Fellowships for New Americans | Naturalized US citizens or their child | $90,000 |
| Colleges/Grads | George and Mary Knox Graduate Scholarship (Bowdoin College) | Students from Bowdoin College who are attending HBS | $8,950 to $82,900 |
| The McCabe Fellowship (Swarthmore College) | Students from Swarthmore College | $5000 | |
| The Carey Fund (University of Notre Dame) | Students who have completed undergraduate degrees from Norte Dame | NA | |
| Business Discipline | Accountemps/American Institute of Certified Public Accountants (AICPA) Student Scholarship | Students pursuing careers in Accounting, Information Systems, and Finance | $5,000 |
| Government Finance Officers Association (GFOA) Scholarships | Students pursuing careers in Government, Finance, and Management | $5000- $25000 | |
| Orbis Investment Management MBA Fellowship | Students with career goals toward Investment Management | $15,000 | |
| MSCPA Scholarships | Students pursuing careers in accounting | $2500-$10000 | |
| LGBTQ | Point Foundation | LGBTQ students | Variable Amount |
| Farmworking | The Rising Farmworker Dream Fund | Students pursuing a degree in Management | NA |
| Other | Samvid Scholars | Students pursuing graduate degrees and committed to making positive changes in Society | $50000 |
| International Students | Boustany Foundation | Students from any nation have excellent academic backgrounds. Offered Once in Two years | 75% of the tuition fee |
| British Friends of Harvard Business School Fulbright Scholarships (UK) | British Students admitted to HBS | NA | |
| Eduarda Justo Foundation (Spain) | Highly committed students from Spain with a preference for students from Almeria | NA | |
| Fundação Estudar (Brazil) | Brazilian student with strong leadership or Entrepreneurial profile | 5% to 95% of the requested amount | |
| Fundacion Mexico en Harvard | Mexican Students admitted to Harvard | $10,000-$25,000 | |
| French-American Chamber of Commerce Bellanger Business School Scholarship Program | French students studying in the US | $10,000 | |
| Harvard Business School Foundation of Germany (HBSF) | Grant for a German student in First year | NA | |
| Instituto Ling Scholarship Program (Brazil) | Brazilian student with strong leadership or Entrepreneurial profile | Variable | |
| KHMW-Eizenga Scholarship for Dutch Students (The Netherlands) | NA | ||
| Kosciuszko Foundation (Poland) | Dutch students interested to pursue an MBA degree from HBS | $50,000 | |
| Kuwait Investment Authority MBA Scholarship | Students of Kuwaiti Origin | Tuition Fee and monthly stipend | |
| LIFE Scholarship (Lebanese International Finance Executives) | Talented Lebanese student with Financial Need | 30% of Tuition and $12,000 | |
| The Sainsbury Management Fellowship Scheme (EU/UK) | Students from EU/EEU with their first degree in engineering. demonstrate and willingness to contribute to UK's economy | £50,000 | |
| 7UP Harvard Business School Scholarship (Nigeria) | Students from Nigeria | Tuition Fee, Board, and Travel expenses | |
| Tao Shing Pee Education Foundation (People's Republic of China) | citizen of the US or Canada pursuing a Career in Local government finance | NA | |
| Tao Shing Pee Education Foundation (People's Republic of China) | citizen of the US or Canada pursuing a Career in Local government finance | NA |
Restricted Scholarships
1) Catherine B. Reynolds Foundation Fellowships in Social Entrepreneurship
2) Zuckerman Fellows Program
3) Amalia Lacroze de Fortabat Fellowship (Argentina)
4) The Francis and Peggy Cahn Fund for Argentina
5) Jorge Paulo Lemann Fellowship
6) Scholarships for Colombian Students
7) Real Colegio Complutense Scholarship (Spain)
8) Applicants from Australia, Canada, New Zealand, or the United Kingdom - Frank Knox Memorial Fellowships.
Other Fellowships and Funding Options
Canadian MBA students - John H. McArthur Canadian Fellowship
Funding for Women Students:
American Association of University Women
Criteria: Minority women who are U.S. citizens or U.S. permanent residents.
Funding for Minority Students:
Robert A. Toigo Foundation
Criteria: Minority MBA students interested in careers in financial services.
National Society of Hispanic MBAs/Hispanic Scholarship Foundation
Criteria: Outstanding Hispanic Students pursuing a graduate degree in management/business.
Awards:$2,500 - $5,000 and one $10,000 award.
Minorities in Government Finance Scholarship
Criteria: Outstanding U.S. & Canadian minority students preparing for careers in state & local government finance.
Awards:$5,000
AICPA Scholarship for Minority Accounting Students
Criteria :Minority students with accounting backgrounds.
Download application from http://www.aicpa.org/members/div/career/mini/index.htm.
Fellowships for International Students
The British Friends of Harvard Business School
Criteria :
- Candidates must be British citizens.
- After interview with the Fulbright Commission, successful candidates are recommended to the British Friends for approval.
Award: Covers tuition fees for the first year of study only.
P.S:
- Applicants for this scholarship can apply for admission to Harvard Business School in the October or January admission round and must be admitted to HBS before applying for a scholarship.
- Applicants earning less than £40,000 per year will be given preference, but this should not deter others from applying.
Eduarda Justo Foundation (Spain)
Criteria : Academically talented, highly motivated MBA students from Spain with a preference for students from Almeria, Spain.
Each scholarship covers the following:
University tuition fee
1,600€ monthly for housing, books and supplies
1,000€ (for travel expenses)
2,000€ (for initial expenses)
Fundação Estudar
Criteria :Merit-based scholarship opportunity for Brazilian students with leadership and entrepreneurial profiles.
Instituto Ling Scholarship Program
Criteria :Brazilian citizens with entrepreneurial spirit and leadership skills to contribute to Brazilian economic, social and cultural development.
The Sainsbury Management Fellowship Scheme
Criteria :Fellowships for UK Citizens with an engineering background.
Harvard Business School Foundation of Germany (HBSF)
Criteria :
- German Citizens
- Financial need
- Personal qualification
Award : Up to € 20.000 for a German First Year HBS student.
For further information, contact:
Stefan Eishold, President
eishold@arcus-muc.de
The Mohammed bin Rashid Al Maktoum Fellowship
Criteria: Nationals of the 22 member countries of the League of Arab States are eligible to apply.
Fundacion Mexico en Harvard
Criteria:Mexican citizens for graduate study at Harvard.
Funding for Veterans
Post 9/11 GI Bill
Yellow Ribbon Program
Montgomery G.I. Bill
Funding for New Americans
The Paul and Daisy Soros Fellowships for New Americans
Criteria: A New American is defined as a resident alien, a naturalized US citizen, or the child of two parents who are both naturalized citizens.
Funding for college students/recent graduates
Jack Kent Cooke Foundation
Criteria: College seniors or recent graduates entering graduate programs
Students must be nominated by their undergraduate institutions.
Funding for students of public administration, finance and business administration
George A. Nielsen Public Investor Scholarship
Criteria:
- Student must be a citizen or permanent resident of the United States or Canada.
- Students of Public Administration, Finance, Business Administration or a related field
Award: $5,000
For more information or to request an application, contact:
Scholarship Committee
Government Finance Officer Association
203 North LaSalle Street, Suite 2700
Chicago, IL 60601-1210
312.977.9700
Funding for LGBT students
The Point Foundation
Criteria:LGBT students.
Funding for students with a farmworking background
The Rising Farmworker Dreamfund
Criteria: Migrant and seasonal farmworkers and son and daughters of farmworkers
Harvard Business School Loan Program
