Harvard Business School – HBS, is one of the top, prestigious, and most potent business schools in the world. HBS is located in the Allston area of Boston, the student capital of the United States. The school has a centuries-old history: it was founded in 1908, and just two decades has become one of the most popular business schools in the world.
This school is famous for its case method (Case method, case-study): students are offered a real business situation that needs to be solved. The task is taken from life, or as close to reality as possible, students should first analyze it, propose several solutions to the problem, and choose the optimal one. Interestingly, a case-study was also offered here at the beginning of the 20th century: it was mostly thanks to this technique that HBS became known throughout the world. The method was first applied at school. Education at this business school is always as close as possible to the realities of the modern market.
Why choose this school?
The Harvard Business School campus is located in the prestigious and picturesque area of Boston on a vast territory that occupies about 145 hectares. Nearby is the embankment of the Charles River, squares, and parks. On the campus, there is a Harvard stadium, laboratories, a library, a church. The university is not only a place to live and study, and it is an active business community with its traditions and rules. There are 80 interest clubs in the school. It offers one of the world’s most robust MBA business administration programs and dozens of doctoral and other business programs. The business workshop boasts one of the best faculty members. School faculty have succeeded in both business and science. This is an elitist, rather expensive education. However, 2/3 of the students receive a scholarship, which partially covers the cost of training. The school has connections with top managers around the world. The most successful businessmen on the planet come here with lectures.
Harvard Business School Admission Requirements
The competition among those entering Harvard Business School is quite high: about 12 people per place. To enter the school, the applicant must submit an application, fill out a questionnaire, provide a copy of the diploma, successfully pass the TOEFL and GMAT (a standardized test for applicants to business schools). An applicant needs to write seven essays on given topics (essay forms are sent from Harvard). Three letters of recommendation are also required (from your managers, partners, colleagues). Among the selection criteria are high analytical abilities, experience in large successful companies, leadership potential. You can enter the MBA program according to a simplified scheme, and detailed explanations can be found on the official website of the hbs.edu school.
Harvard Business School Graduates: Prospects
Graduates of the Harvard Business School achieve success in entrepreneurship, corporate governance, and senior management. It is no accident that Harvard Business School is called the “School of Millionaires.” Stockbroker William O’Neill, businessman, billionaire and investor Steven Schwartzman, industrialist Leonid Blavatnik, top manager, ex-CEO and chairman of the board of directors of IBM Luis Gerstner, CEO of General Electric Jeffrey Immelt, founder of Zynga Mark Pincus, chairman of the board Barclays Marcus Agius, directors of the financial group, are all graduates of the famous Harvard Business School.