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Harvard University MBA Scholarship 2023

You now have the opportunity to further your education in the United States through the Harvard University MBA Scholarship, which is currently accepting applications. 

This comprehensive article will provide an in-depth overview of the scholarship, the advantages it offers, and a step-by-step guide to the application process.

About Havard University MBA Scholarship 

The Harvard Business School is renowned globally as one of the top business schools, offering one of the most prestigious MBA programs in the world. It is an esteemed academic institution that attracts top talent from around the globe and has produced many of the world’s most successful business leaders.

In recognition of the Harvard Business School’s exceptional reputation and the caliber of its MBA program, the Boustany Foundation has established the Boustany MBA Harvard Scholarship. This scholarship is awarded once every two years to a deserving candidate who has been accepted into the two-year MBA program at Harvard Business School.

The Boustany MBA Harvard Scholarship is a highly coveted award that covers the full tuition fees for the recipient’s two-year MBA program at Harvard Business School. In addition, the scholarship also provides a living allowance to cover the recipient’s accommodation and other expenses during their time at the school.

The Boustany Foundation is a philanthropic organization committed to supporting exceptional individuals who demonstrate outstanding potential and a commitment to excellence. The foundation’s mission is to empower individuals to achieve their full potential by providing them with access to world-class education and opportunities.

The Boustany MBA Harvard Scholarship is a prestigious and highly competitive scholarship that provides a life-changing opportunity for a deserving candidate to attend one of the most esteemed business schools in the world, and to gain the skills and knowledge necessary to become a successful business leader.

Scholarship Details

  • Level of Study: Masters (MBA)
  • Host Institution: Harvard University
  • Country: USA
  • Courses Offered: Master of Business Administration
  • Program Study Period: Two years.

Eligibility Criteria

The Harvard University MBA Scholarship requires candidates to meet the following qualifications:

  • Proficiency in English: To be eligible for an MBA scholarship at Harvard University, you must meet certain English language proficiency criteria.

Students are categorized based on their TOEFL iBT speaking score and/or IELTS Academic speaking score noted in the GSAS admissions application. 

A TOEFL iBT speaking score of 26 and above or IELTS 8 and above meets the GSAS oral English language requirement.

  • Citizenship of any country
  • Strong academic record and potential for success
  • Preference will be given to candidates with Lebanese heritage
  • Candidates must first receive an offer of admission to the Harvard MBA program before applying for the Scholarship.

Scholarship Application Deadline

May 22, 2023

Application Instructions

To apply for the Harvard University MBA Scholarship, applicants must prepare the following documents:

  • CV with a photograph 
  • GMAT scores, and an acceptance letter from their university. 
  • They must then send a copy of these documents to 
  • If shortlisted, they may be invited to an interview with the Boustany Foundation.
  • The scholarship is open to candidates from all countries and requires an excellent academic background and considerable promise.
  • Application for the Harvard University MBA Scholarship should be written in English

Scholarship Benefits

  • The Harvard University MBA Scholarship offered by the Boustany Foundation provides financial aid of US$102,200 (US$51,100 per year) towards tuition fees for successful scholars. 
  • Additionally, the Foundation covers travel and accommodation expenses related to the internship portion of the scholarship. 
  • Successful scholars are also expected to complete a two-month unpaid internship with the Foundation, where they will work on projects related to the Foundation’s activities or those of its partners.

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FAQ On Havard University MBA Scholarship

What is the Harvard University MBA Scholarship, and what does it cover?

The Harvard University MBA Scholarship is a financial aid program that provides successful scholars with an amount of US$102,200 towards tuition fees and covers travel and accommodation expenses related to the internship. Additionally, successful scholars are expected to complete a two-month unpaid internship with the Foundation.

How do you determine eligibility for Harvard Scholarships?

Eligibility for Harvard Scholarships is based solely on demonstrated financial need, which is determined by the applicant’s family income and assets. The program is designed to help families across the economic spectrum, from low to upper-middle incomes.

How much financial aid can I expect to receive from the Harvard Business School?

Approximately 50 percent of students at the Harvard Business School receive a need-based scholarship, and the average scholarship is approximately $42,000 per year or $84,000 total. All students are encouraged to apply for an HBS Scholarship after being admitted to the program. 

Can international students apply for the Harvard University MBA Scholarship?

Yes, international students are eligible to apply for the Harvard University MBA Scholarship. However, financial aid for international students is limited, and the application process is highly competitive. 

What is the difference between Harvard College and Harvard University?

Harvard College is the undergraduate program of Harvard University, which offers degrees in a range of fields, including the arts, humanities, social sciences, and natural sciences. Harvard University, on the other hand, is an umbrella organization that encompasses Harvard College as well as a number of graduate and professional schools, including the Harvard Business School.


Applying for the Harvard University MBA Scholarship is beneficial for students who may not have the financial resources to pay for their MBA degree. The scholarship can significantly reduce the financial burden associated with pursuing an MBA at one of the most prestigious business schools in the world. 

With the average need-based scholarship amount being $42,000 per year, students can focus on their studies and career goals rather than worrying about how they will pay for their education. 

It’s important to note that the scholarship is only available for one academic year, 2023-2024. International students who are interested in applying for the scholarship should also take note of the admission requirements, such as the TOEFL, IELTS, PTE, or Duolingo score, among others.

Additionally, the scholarship provides an opportunity for students to gain valuable experience through the internship program, which can enhance their career prospects and professional development.





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