Harvard Business School Scholarship Requirements
The Harvard Business School (HBS) is one of the top business schools in the world, and is renowned for its challenging curriculum and passionate professors. It’s no surprise then that the HBS also offers some of the most generous scholarships and fellowships available. Depending on the program, candidates have the opportunity to receive full or partial tuition waivers, living stipends, and other forms of financial assistance.
If you’re eyeing an HBS scholarship, you’ll need to know the requirements of the program. While the exact requirements will vary depending on the program, there are some basic criteria that all applicants must meet. Here’s a quick guide on the Harvard Business School scholarship requirements.
Academic Requirements
Most of the Harvard Business School scholarship programs are merit-based, so you must have outstanding academic credentials to be eligible. Specifically, you must have a minimum GPA of 3.5 or higher in your undergraduate studies. Depending on the program, you may also be required to have a minimum GMAT score of 700 or higher. In addition, you must have a high degree of academic excellence, as demonstrated by your grades, SAT scores, and extracurricular activities.
Financial Need Requirements
In addition to academic requirements, most of the HBS scholarship programs also require candidates to demonstrate financial need. This usually means providing proof of income and assets, such as tax returns, bank statements, and investment portfolios. Applicants must be able to demonstrate that they are unable to cover the costs of their MBA tuition on their own, and that they have exhausted all other sources of financial aid.
Professional Experience Requirements
Most of the HBS scholarship programs also require applicants to have a minimum amount of professional experience. Typically, applicants must have at least two years of full-time work experience in a managerial or leadership role. This is to ensure that applicants have the necessary professional skills to succeed in the MBA program.
Leadership Qualifications
In addition to academic and professional qualifications, HBS scholarship applicants must also demonstrate leadership qualities. This means having the ability to inspire and motivate others, making sound decisions, and leading in difficult situations. Applicants must be able to provide examples of how they have demonstrated leadership in the past.
Community Involvement Requirements
The Harvard Business School also places a high value on community involvement. Applicants must be able to demonstrate their commitment to bettering their local and global communities. This includes volunteer work, charitable donations, and any other activities that demonstrate a commitment to social responsibility.
Personal Statement Requirements
The Harvard Business School scholarship application also requires applicants to submit a personal statement. This statement should outline your academic and professional qualifications, your financial need, your leadership skills, and your commitment to social responsibility. The personal statement should also explain why you are specifically interested in the HBS MBA program.
Interview Requirements
Once your application is submitted, the Harvard Business School may invite you to an interview with one of the scholarship selection committee members. During the interview, you’ll have the chance to discuss your qualifications and professional goals in greater detail. The interview is also your opportunity to demonstrate your enthusiasm and passion for the MBA program.
Conclusion
The Harvard Business School has some of the most generous scholarships and fellowships available for MBA candidates. In order to be eligible for these scholarships, applicants must meet the academic, professional experience, financial need, leadership, community, and personal statement requirements. Finally, applicants must also be prepared to participate in an interview with a member of the selection committee.
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