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Financials
5-Year Data Summary
Financial Data
IN MILLIONS for the Fiscal Year {FY} ended June 30...
|
2014 | 2013 | 2012 | 2011 | 2010 |
Revenues | $ 633 m.
|
587 | 546 | 509 | 467 |
Expenses | $ 597 m.
|
542 | 504 | 456 | 415 |
Cash from operations |
36 | 45 | 42 | 53 | 52 |
Capital investments |
98 | 78 | 51 | 34 | 14 |
Building debt outstanding |
85 | 91 | 99 | 103 | 112 |
Unrestricted Reserves |
99 | 83 | 119 | 79 | 99 |
Endowment |
3,224 | 2,880 | 2,665 | 2,779 | 2,311 |
Total Assets |
4,409 | 3,831 | 3,490 | 3,528 | 3,087 |
Key Facts
MBA
The MBA Program continues to attract high-quality applicants from around the world, even as the number and type of management programs proliferate. Yield reflects the percentage of admitted students who ultimately choose to attend HBS; 89 percent is unparalleled not just among top business schools, but also among colleges and universities generally.
2014 | 2013 | 2012 | 2011 | 2010 | |
Applications |
9,543 | 9,315 | 8,963 | 9,134 | 9,524 |
Percent Admitted |
12% | 12% | 13% | 12% | 11% |
Yield |
89% | 89% | 90% | 90% | 89% |
Enrollment |
1,859 | 1,838 | 1,805 | 1,860 | 1,864 |
Tuition |
$ 56,175 | $ 53,500 | $ 51,200 | $ 48,600 | $ 46,150 |
Average Fellowship Aid Per Student |
$ 31,710 | $ 30,725 | $ 29,843 | $ 26,745 | $ 23,989 |
Doctoral
Doctoral Programs graduates go on to fill faculty positions at leading global universities and business schools—including HBS. In the last five years alone, approximately 80 doctoral students have accepted positions in academia, extending the reach and influence of the School.
2014 | 2013 | 2012 | 2011 | 2010 | |
Applications |
792 | 816 | 868 | 830 | 931 |
Percent Admitted |
4% | 5% | 4% | 5% | 4% |
Yield |
76% | 71% | 68% | 68% | 69% |
Enrollment |
150 | 143 | 137 | 132 | 125 |
Executive Education
The Executive Education portfolio includes programs ranging from a few days to multiple weeks, covering topics from strategy to governance to nonprofit management. The participants in these programs return to their organizations—in every sector and in every region of the globe—with new leadership skills and fresh ideas, connecting the School and its faculty to practice at a deep level.
2014 | 2013 | 2012 | 2011 | 2010 | |
enrollment |
9,993 | 9,992 | 9,891 | 9,939 | 8,670 |
Faculty
Faculty produce a wide array of teaching materials, including field cases, industry notes, field method team exercises, and simulations. Most measures of research impact, including citations and other rankings, place HBS faculty members at the very top of their fields.
2014 | 2013 | 2012 | 2011 | 2010 | |
Faculty Positions (full-time equivalents) |
234 | 227 | 232 | 217 | 218 |
Teaching Materials |
617 | 684 | 640 | 635 | 538 |
Research Articles |
193 | 181 | 184 | 150 | 155 |
Books |
18 | 17 | 23 | 18 | 29 |
Staff
2014 | 2013 | 2012 | 2011 | 2010 | |
Staff Positions (full-time equivalents) |
1,447 | 1,335 | 1,198 | 1,138 | 1,087 |
Publishing
Harvard Business Publishing is the leading supplier of cases to business schools and educational programs—about 4,000 such institutions worldwide. In this way, HBS faculty have helped shape the curricula of management education for generations of faculty and students.
2014 | 2013 | 2012 | 2011 | 2010 | |
Cases Sold |
11,991,870 | 11,448,076 | 10,603,000 | 9,764,000 | 9,668,000 |
Harvard Business Press Books Sold |
1,980,542 | 1,950,931 | 1,580,000 | 1,665,000 | 1,769,000 |
HBR Circulation |
292,954 | 285,520 | 256,000 | 241,000 | 236,000 |
HBR Reprints Sold |
3,312,578 | 3,231,384 | 3,355,000 | 3,098,000 | 2,946,000 |