Harvard Business School (HBS): Facts, Alumni, History and More

Harvard Business School (HBS) is one of the most prestigious business schools in the world. Founded in 1908, it is located on the campus of Harvard University in Boston, Massachusetts.


  • HBS offers a two-year MBA program, as well as a variety of executive education programs.
  • HBS has a total enrollment of approximately 940 students per class.
  • HBS has a diverse student body, with students from more than 100 countries.
  • HBS is the oldest business school in the United States.
  • HBS was the first business school to offer the MBA degree.
  • HBS has a strong emphasis on case method teaching, which is a method of teaching that involves the discussion of real-life business situations.

Interesting facts:

  • HBS has a unique campus layout, with classrooms arranged around a central courtyard known as “Aldrich Park.”
  • HBS has a number of notable facilities on campus, including the Baker Library and the Harvard Innovation Lab.
  • HBS is home to a number of research centers and initiatives, including the Harvard Business Review and the U.S. Competitiveness Project.


  • HBS has an extensive network of alumni, including many influential business leaders, politicians, and entrepreneurs.
  • Notable alumni include former US President George W. Bush, former US Secretary of State Colin Powell, and former CEO of General Electric Jack Welch.
  • HBS alumni can be found in top positions in various sectors such as consulting, finance, healthcare, and technology.


  • HBS was established in 1908, with a donation from businessman George Baker.
  • In the early years, HBS focused on providing practical training for business leaders.
  • Over the years, HBS has grown and evolved to become one of the most prestigious business schools in the world.


  • HBS consistently ranks as one of the top business schools in the world.
  • According to the 2021 U.S. News & World Report, HBS is ranked as the #1 business school in the United States.


  • HBS is highly selective, with a low acceptance rate.
  • The acceptance rate for the class of 2023 is 11.5%
  • The average GPA of admitted students is 3.7
  • To apply, prospective students must submit an application that includes transcripts, test scores, essays, and letters of recommendation.
  • Admissions decisions are based on a variety of factors, including academic performance, work experience, and leadership potential.

Salary of graduates:

  • The average base salary of HBS graduates is around $153,000
  • Graduates of HBS also have an average signing bonus of $32,000

Classes offered:

  • HBS offers a wide range of courses in areas such as finance, marketing, operations, and strategy.
  • The school also offers elective courses in specialized areas such as social enterprise, real estate, and innovation.

International student profile:

  • Around 40% of the student body at HBS is international.
  • Students from over 100 countries attend HBS, with the largest representation from Asia.

In conclusion, Harvard Business School is a world-renowned institution that has a rich history, diverse student body, and an extensive network of successful alumni. It is consistently ranked as one of the top business schools in the world and is known for its case method teaching approach and highly selective admissions process. With a wide range of courses, high-income earning potential, unique campus and facilities and a diverse student body, HBS is one of the most sought colleges in the US.

By Erkan Acar, PhD

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