Short Answer – The average GMAT score at Harvard is 730 for the last entering class. If you score above 730, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
The average salary at Harvard for the last graduating class was $ 175,000. 95% of the class was employed with 3 months of graduation with majority of class going into consulting (26%), Finance (27%) and technology (19%) oriented functional roles.
The Tuition fees for Harvard MBA is $ 73,440 and an additional $ 31,390 in living cost.
The HBS Cost of Attendance includes both direct and indirect expenses. Direct expenses, tuition and fees, are charged directly to your student bill. Indirect expenses, such as living expenses, are more flexible. This annual cost of attendance assumes a nine (9) month academic year and a moderate student lifestyle.
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We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
The case method of learning used by our MBA program relies on exchanging perspectives. Our MBA students draw on their individual professional experiences when analyzing and discussing cases in class with their peers. Note: College seniors need to apply through the 2+2 Program application in the expectation that they will be offered “deferred admission”, i.e. an offer of admission to a future class conditional on acquiring 2-4 years of full-time work experience.
Interview invitations are extended on a rolling basis. The timing of your interview does not imply anything about the status of your application nor does it impact your candidacy. Invitations to interview are a positive indicator no matter when you receive them.
You must take the GMAT or GRE by the application deadline. See Application Process for GMAT/GRE test date ranges. Unofficial scores are acceptable at the time of application, but every applicant must request to have their official score submitted to HBS. You do not need to have the results of the AWA section of the GMAT or GRE in order to apply; however, we do expect you to complete this portion of the exam and we will require an AWA score for anyone admitted to the program.
See Application Process for GMAT/GRE test date ranges. When submitting your application, you may report the unofficial GMAT or GRE score given on the day of the test, or your official score if you have received it. These are the only scores that the Admissions Board acknowledges. Your official score report may arrive from Pearson (for the GMAT) or ETS (for the GRE) after the deadline dates, and this score will be used for verification purposes. GMAT and GRE scores are valid for five years.
HBS is committed to making the MBA Program accessible to students with a demonstrated financial need. Although students are encouraged to draw on personal resources wherever possible to minimize debt, approximately two thirds of Harvard Business School students receive some form of financial assistance, which is composed of a combination of scholarships, fellowships, and loans. Nearly 50% of the class receives need-based HBS Scholarships.