Harvard Business School

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Harvard Business School
Harvard Business School shield logo.svg
Type Private business school
Established 1908
Endowment US$3.0 billion (2014)[1]
Dean Nitin Nohria
Academic staff
 200
Students 2,009
(1,859 in MBA)
(150 in Ph.D.)
Location
Boston
,
Massachusetts
,
United States

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Campus Urban
Affiliations Harvard University
Website HBS.edu
HBS Horizontal Logo.PNG

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Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, HBX and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review.

History

Baker Library

The school started in 1908 under the humanities faculty, received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946).

Yogev (2001) explains the original concept:

This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques. The goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business. In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, railroads, and so on....Professor Lowell said the school would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration.... Harvard was blazing a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers.[2]

Although the Wharton School of the University of Pennsylvania was the first business school in the United States in 1881, Harvard Business School was the first school to grant an MBA program in 1908. From the start the school enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.[3][4][5]

At its founding, the school accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program (by then known as the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963.[6]

MBA program

Rankings

Business School Ranking
U.S. MBA
Bloomberg Businessweek[7] 1
Forbes[8] 2
QS (North America)[9] 1
U.S. News & World Report[10] 1
Worldwide MBA
CNN Expansion[11] 1
Financial Times[12] 2

HBS is consistently ranked among the leading business schools in the world. It was ranked 1st in the United States by U.S. News & World Report[13] in 2016.

In 2015, Harvard's MBA program was ranked #1 in the US by Bloomberg,[14] and #2 in the world by the Financial Times,.[15]

In the MBA ranking aggregator Poets & Quants, Harvard Business School was ranked 1st in the world.[16]

Student life

Students can join one or more of the more than 80 clubs on campus. The Student Association (SA) is the main interface between the MBA student body and the faculty/administration.

SVMP

The Summer Venture in Management Program (SVMP) is a one-week management training program for rising college seniors designed to increase diversity and opportunity in business education. Participants must be employed in a summer internship and be nominated by and have sponsorship from their company or organization to attend.[17]

Academic units

The school's faculty are divided into ten academic units: Accounting and Management; Business, Government and the International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations & Markets; Organizational Behavior; Strategy; and Technology and Operations Management,business,etc.[citation needed]

Inside a Harvard Business School classroom

Donor programs

In fall 2010, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, which are philanthropic arms of the Tata Group gave HBS its biggest ever international donation of $50 million. This donation is funding Tata Hall, named after Ratan Tata (AMP '75), the chairman of Tata Sons Ltd.[18] The facility will be devoted to the Harvard Business School's mid-career Executive Education program. It will be seven or eight stories tall with about 150,000 gross square feet. It will house approximately 180 bedrooms in addition to academic and multi-purpose spaces.[19]

Located in the northeast corner of the HBS campus, Tata Hall will complete the Executive Education quad, which currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Kresge (dining), and Glass (administration). Its construction started in December 5, 2011 and its completion is scheduled for December 2013.[20]

Notable alumni

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See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Esther Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's," American Studies International (2001) 39#1 pp 52–71 online
  3. ↑ Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's"
  4. ↑ Melvin T. Copeland, And Mark an Era: The Story of the Harvard Business School (1958)
  5. ↑ Robert M. Smith, The American Business System: The Theory and Practice of Social Science, the Case of the Harvard Business School, 1920–1945 (Garland Publishers, 1986)
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Sources

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Further reading

  • Anteby, Michel. Manufacturing Morals: The Values of Silence in Business School Education. (University of Chicago Press, 2013), a faculty view
  • Broughton, P.D. Ahead of the Curve: Two Years at the Harvard Business School. (Penguin Press, 2008), a memoir
  • Cohen, Peter. The gospel according to the Harvard Business School. (Doubleday, 1973)
  • Copeland, Melvin T. And Mark an Era: The Story of the Harvard Business School (1958)
  • Cruikshank, Jeffrey. Shaping The Waves: A History Of Entrepreneurship At Harvard Business School . (Harvard Business Review Press, 2005)
  • Smith, Robert M. The American Business System: The Theory and Practice of Social Science, the Case of the Harvard Business School, 1920–1945 (Garland Publishers, 1986)
  • Yogev, Esther. "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's," American Studies International (2001) 39#1 online

External links

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