It's essential to understand the full financial scope when considering Harvard MBA program. The tuition fee for the 2023-2024 academic year stands at approximately $76,000. Beyond tuition, mandatory fees such as the health services fee and health insurance total about $5,282. Accommodation and living costs in the Boston area, necessary for your budgeting, are estimated at around $24,000 per year.
Books and supplies will cost another $2,500 approximately, while personal expenses and travel—depending on lifestyle and origin—could reach up to $7,000. Overall, you should prepare for a total annual cost of around $115,000. Harvard Business School offers comprehensive financial aid programs, including grants and scholarships, which can significantly reduce these costs. It’s important for applicants to apply early for financial aid to maximize their chances of receiving support. Harvard prides itself on its diverse and international student body, facilitated by these financial aids, ensuring that finances are not a barrier to entry.
