Friday, June 14, 2013 at 1am

New Harvard MBA Class Most Diverse Ever, ROI Revealed: MBA News

New Harvard MBA Class Most Diverse Ever, ROI Revealed: MBA News main image

Fresh data on the Harvard MBA class of 2015 reveals that the new intake will be the most diverse the business school has ever seen.

•    Proportion of MBA candidates from minority backgrounds reaches 24%.
•    Percentage of female candidates highest ever at 40%.
•    Return on investment in under two years.

Released on Monday, the data from Harvard Business School (HBS) gives valuable insight for anyone considering applying to the world-renowned MBA program

However, while both the proportion of female and minority MBA candidates has increased, the total number of applications decreased by a small proportion to stand at 8,963 applications. As a result, the percentage of applicants admitted to the Harvard MBA program now stands at 13%, up 1% from previous years.

Harvard MBA salary levels and ROI

Perhaps the most insightful information revealed by HBS is the average expenses and eventual salary of their MBAs.

Including tuition, health, and program fees, plus costs for room/utilities, board and the like, annual expenses amount to US$91,200. For a two-year program such as the Harvard MBA, the total would obviously be twice that amount.

Salary data from the school shows the median base salary of their MBA graduates to stand at US$120,000 per year, plus a US$20,000 signing bonus. Further, 89% of Harvard MBA graduates accept a job offer within three months of graduation.

This means that, for the average Harvard MBA graduate, full return on investment from their program is achievable within one year and seven months.

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