HBS MBA Tuition: Key Dates & Fees for 2024
Harvard Business School (HBS) is one of the most prestigious MBA programs in the world.
Understanding the costs and key dates is important for anyone planning to apply.
This article explains the tuition, fees, and important deadlines for the 2024 academic year.
The total cost of an MBA at HBS includes tuition, fees, housing, food, transportation, and other living expenses.
The figures vary depending on whether a student is single, married, or has children.
Below, we break down the costs and answer common questions about HBS MBA expenses.
What Is the Total Cost of an HBS MBA in 2024?
The total cost depends on a student’s living situation. For the 2024-2025 academic year, the estimated expenses are as follows:
Single Students
- Tuition: $78,700
- Course & Program Materials Fee: $2,800
- Health Fees:
- 1,800(StudentHealthFee)+
- 1,800(StudentHealthFee)+4,308 (Health Insurance)
- Housing: $18,900
- Food: $9,100
- Transportation: $2,360
- Other Living Expenses: $8,568
- Total: $126,536
Married Students
Married students have higher housing and living costs.
- Total: $152,962
Married Students with One Child
Families with children require more space and additional health insurance.
- Total: $171,902
Married Students with Two Children
The cost increases further with two dependents.
- Total: $178,514
These figures do not include a one-time computer purchase (around $1,500).
What Are the Key Application Deadlines for HBS in 2024?
HBS has three main application rounds.
Round 1
- Application Deadline: Early September 2024
- Interview Invitations: Early October 2024
- Final Decisions: Early December 2024
Round 2
- Application Deadline: Early January 2025
- Interview Invitations: Early February 2025
- Final Decisions: Late March 2025
Round 3
- Application Deadline: Early April 2025
- Interview Invitations: Late April 2025
- Final Decisions: Mid-May 2025
Applying in Round 1 or Round 2 is recommended for the best chances of admission.
Does HBS Offer Financial Aid or Scholarships?
HBS provides need-based scholarships and other funding options.
- Need-Based Scholarships: These are awarded based on financial need. The amount varies per student.
- Student Loans: Federal and private loans are available to cover tuition and living costs.
- Outside Scholarships: Students can apply for external scholarships from organizations and companies.
- Fellowships: Some fellowships are offered based on merit or specific career interests.
What Is the Cost of Living for HBS Students?
Living expenses in Boston are high. The estimated monthly costs are:
- Housing
- Single students: $2,100/month (shared apartment)
- Married students: $3,220/month (one-bedroom apartment)
- Families: $4,200/month (two-bedroom apartment)
2. Food
- Single students: $1,011/month
- Married students: $1,276/month
- Families: $1,531/month
3. Transportation & Other Costs
- Transportation:
- 262−
- 262−457/month
- Miscellaneous expenses:
- 952−
- 952−1,707/month
Can I Waive the HBS Health Insurance Fee?
HBS requires all students to have health insurance.
- Student Health Fee (SHF)
- Cost: $1,800
- Cannot be waived.
2. Student Health Insurance Plan (SHIP)
- Cost: $4,308
- Can be waived if you have comparable insurance.
Students must submit proof of alternative coverage to avoid paying SHIP.
Are There Additional Costs Not Included in the HBS Estimate?
Yes, some expenses are not part of the official cost of attendance.
- Summer Rent: The academic year is nine months, but off-campus leases are usually 12 months. Students must budget for extra rent.
- Optional Activities: Club memberships, conferences, and travel are not included in the standard budget.
- Computer Purchase: A new laptop costs around $1,500 and is not included in the total cost.
The HBS MBA is a significant financial investment. Tuition, fees, and living expenses add up quickly, especially for students with families.
Knowing the costs and deadlines helps in planning finances and submitting applications on time.
Prospective students should explore scholarships, loans, and other funding options to manage expenses.
With careful planning, an HBS MBA can be a worthwhile investment in a future career.
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