Harvard Business School Scholarship Program 2026 | Fully Funded Scholarships In USA

The Harvard Business School Scholarship is a game-changing opportunity for aspiring business leaders seeking a world-class MBA without the financial burden. Covering up to $40,000 per year in tuition and living expenses, this need-based scholarship is automatically awarded to admitted students. Whether you are an experienced professional or a high-potential recent graduate, the HBS scholarship makes one of the most prestigious MBA programs in the world accessible—empowering you to lead with impact on a global scale.

Scholarship Summary

• Host Country: USA
• Host University: Harvard University
• Scholarship Category: Master’s Scholarships
• Eligible Country: All Countries
• Scholarship Benefits: Tuition fee + Living cost, etc.

Scholarship Benefits of Harvard Business School Scholarship

Harvard Business School provides need-based scholarships to help cover tuition and living expenses. Key benefits include:

• HBS Fellowships offering up to $40,000 per year ($80,000 total over two years)
• Financial aid automatically considered for all admitted students—no separate application required
• Support for financial wellness, including budgeting tools and advising
• Guidance on external scholarships available through the financial aid office
• Full support for international students, including F-1 visa assistance

Eligibility Requirements for Harvard Business School Scholarship

To be eligible for admission and financial aid at HBS, you must meet the following criteria:

• Open to applicants of all nationalities
• No age limits
• Hold a bachelor’s degree in any field
• Work experience is not required, but 2–5 years is typical
• Strong academic background and demonstrated leadership potential
• Must take the TOEFL, IELTS, or PTE if English is not your first language
• Admission to the MBA program is required to be considered for the scholarship

Documents Required for Harvard Business School Scholarship

To apply for the Harvard MBA (and automatically be considered for scholarships), you need:

• Academic transcripts from all institutions attended
• GMAT or GRE scores (either is accepted, no preference)
• TOEFL, IELTS, or PTE scores (if applicable)
• Professional résumé (1–2 pages)
• Two letters of recommendation
• Personal essay (specific prompt provided during the application process)
• Application fee of $250 (fee waivers available for eligible candidates)

Scholarship/Application Deadlines for Harvard MBA, Class of 2028

• Round 1 Deadline: September 3, 2025 (12:00 PM ET)
  • Notification Date: December 10, 2025
• Round 2 Deadline: January 5, 2026 (12:00 PM ET)
  • Notification Date: March 25, 2026

Only one application is allowed per admissions cycle. Late submissions will not be accepted.

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How to Apply for Harvard Business School Scholarship

The Harvard MBA scholarship is awarded based on financial need, and all applicants to the MBA program are automatically considered. Here’s how to apply:

Step 1: Create Your HBS Applicant Profile

• Go to the official Harvard Business School admissions portal and create an account.

Step 2: Prepare and Upload Your Application Materials

• Submit all required documents: transcripts, test scores (GMAT/GRE), English proficiency scores (if applicable), resume, letters of recommendation, and your personal essay.

Step 3: Pay the Application Fee

• Pay the $250 application fee, unless you qualify for a waiver.

Step 4: Submit Your Application

• Ensure everything is completed and submit your application by the deadline (Round 1 or Round 2).

Step 5: Interview (If Invited)

• If shortlisted, you’ll be invited to a 30-minute interview followed by a written reflection.

Step 6: Receive Admission Decision

• Decisions are released on the notification dates for each round.

Step 7: Apply for Financial Aid (Optional for External Awards)

• Need-based aid is automatic, but you may consult HBS for guidance on external scholarships if needed.

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Frequently Asked Questions (FAQ) – Harvard Business School Scholarship

1. Do I need to submit a separate application for the scholarship?
   No. All admitted students are automatically considered for need-based financial aid.
2. How much financial support can I receive?
   HBS Fellowships can offer up to $40,000 per year toward tuition and living costs.
3. What are the criteria for scholarship eligibility?
   Scholarships are based solely on financial need. Academic merit is not a factor.
4. Is this scholarship available to international students?
   Yes. Students from all nationalities are eligible and considered equally.
5. Can I apply for external scholarships in addition to HBS aid?
   Yes. HBS provides guidance on finding and applying for external scholarships.
6. What expenses does the scholarship cover?
   It primarily covers tuition and a portion of living expenses.
7. When do I find out if I’ve received a scholarship?
   You’ll be notified of your financial aid package shortly after admission.
8. Can I appeal my financial aid decision?
   Yes. If your financial situation changes, you can request a reassessment.
9. Are there scholarships available beyond the HBS Fellowship?
   Yes. Some donors and outside organizations offer additional awards.
10. What if I’m offered admission but can’t afford the program?
    HBS is committed to making the MBA accessible. Financial aid is tailored to your specific needs.