Attending HBS is a profound and life-changing experience. So it’s no surprise that nearly 68% of students change career paths after completing their MBA. HBS has a strong commitment to career exploration, and we do not want debt burden to be a major factor in your career choice.
financial Support at Graduation, After Graduation, and Beyond
HBS has a variety of career support programs for eligible students that provide financial assistance for those who choose careers in which starting salaries are lower than those of typical MBAs. Even after graduation, HBS can help you pivot throughout your career to pursue your passions wherever they may lead.
loan forgiveness programs
Loan Reduction for Private Sector Employees
HBS offers a Loan Reduction Program for students working in the private sector with total guaranteed annual compensation at or below $120,000. Awards typically range from $5,000-$15,000 and are offered as a one-time loan reduction at the time of graduation. Students who have received need-based HBS Scholarship are eligible to apply. Also eligible are graduating students who are pursuing a fully self-funded entrepreneurship through acquisition search (search fund).
Rock Center Loan Reduction for Entrepreneurs
The Rock Center for Entrepreneurship offers a one-time, need-based award in the range of $5,000-$20,000 to graduating MBA students committed to pursuing their own for-profit entrepreneurial ventures. Students who have received need-based HBS Scholarship are eligible to apply.
Social Enterprise Loan Repayment Assistance Program (SELRAP)
SELRAP provides need-based assistance to reduce the debt burden of alumni serving in managerial positions in the nonprofit and public sectors, as well as in select for-profit social enterprise positions. Awards range from $5,000-$10,000. Students who have received need-based HBS Scholarship are eligible to apply.
fellowships
Leadership Fellows
The HBS Leadership Fellows program offers graduating MBA students access to high-impact, one-year positions at a select group of nonprofit and public-sector organizations. The program engages top-tier organizations and works with their leadership to develop high-value positions open exclusively to HBS MBA students. All students are eligible to apply during their second year to be an HBS Leadership Fellow.
Global Opportunity Fellowship (GO:Africa)
GO: Africa provides supplemental income to HBS MBA alumni who have accepted a full-time job in Africa. GO Fellows may receive an initial award of up to $50,000, and have the potential to renew the fellowship for up to five years after graduating from HBS (cumulative award is capped at $150,000).
Blavatnik Fellowship in Life Science Entrepreneurship
The Blavatnik Fellowship is a full-time, salaried, residential fellowship for Harvard Business School alumni who want to create new ventures around promising life-science technologies, while developing their leadership talents. Ideal candidates are those who have graduated within the last 7-10 years.
Recognizing Individuals Seeking Equity (RISE) Career Fellow
The RISE Career Fellow program provides $112,500 of funding to a graduating student to work for one year at a growing business that is creating opportunity for marginalized communities in the US.
The Search Fund Fellowship
The Search Fund Fellowship is a pilot program that will provide financial support of up to $60,000 per year to a select number of graduating students to pursue a self-funded search. It is renewable for one year for total support of $120,000.
