Harvard Business School
Coat of arms of the School
|Type||Private business school|
|Endowment||US$3.0 billion (2014)|
(1,859 in MBA)
(150 in Ph.D.)
|Location||Boston, Massachusetts, United States
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 Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review.
The school started in 1908. Initially established by the humanities faculty, it 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.
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.
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.
|Business school rankings|
|U.S. News & World Report||1|
In the MBA ranking aggregator Poets & Quants, Harvard Business School was ranked 1st in the world.
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.
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.
Harvard Business X, or HBX, is an online learning initiative announced by the Harvard Business School in March 2014 to host online university-level courses initially focusing on college juniors or seniors as well as executives and managers in business. HBX will be enrolling 500 to 1,000 students when the initial cohort of admitted students, referred to as CORe launches in June.[needs update]
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.
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 US$50 million. This donation funded construction of Tata Hall, named after Ratan Tata (AMP '75), the chairman of Tata Sons Ltd. Located in the northeast corner of the HBS campus, the facility is devoted to the Harvard Business School's mid-career Executive Education program. It is seven stories tall with about 150,000 gross square feet. It houses approximately 180 bedrooms in addition to academic and multi-purpose spaces.
Kresge Way now is located by the base of the former Kresge Hall, named for Sebastian S. Kresge. In 2014, Kresge Hall was replaced by a new hall funded by a US$30 million donation by the family of the late Ruth Mulan Chu Chao, whose four daughters all attended Harvard Business School. The Executive Education quad currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Chao Center, and Glass (administration).
- A. G. Lafley, '77 – Chairman of the Board of Procter & Gamble
- A. Sivathanu Pillai, '91 – Honorary Distinguished Professor of ISRO.
- Abigail Johnson, '88 – President of Fidelity Investments Personal and Workplace Investing
- Alex Behring, co-founder and managing partner at 3G Capital
- Allan Gray - Founder of Allan Gray Investment Management and philanthropist
- Ana Patricia Botín – CEO of Santander UK
- Andy Hill, Republican, Washington State Senator from the 45th district
- Ann S. Moore, '78 – CEO of Time Inc.
- Anne Dias-Griffin, '97 – Hedge Fund Manager of Aragon Global Management
- Anthony Leung, '82 – Financial Secretary of Hong Kong
- Ashish Nanda, − Director of Indian Institute of Management Ahmedabad, India
- Barbara Hackman Franklin '64 – 29th US Secretary of Commerce, President and CEO of Barbara Franklin Enterprises
- Betty Jane Diener, MBA '64, DBA '74 – Virginia Secretary of Commerce (1982–1986)
- Bruce Rauner, '81 - Incumbent Governor of Illinois
- Charles Bunch, '79 – CEO of PPG Industries
- Chase Carey, '80 – President of News Corporation
- Christine M. Day - Canadian business executive, former CEO of Lululemon
- Christopher McCormick – President and Chief Executive Officer of L.L. Bean
- Christopher Michel, '98 – Founder & former CEO of Military.com and Founder & former CEO Affinity Labs
- Colin Drummond – CEO of Viridor and joint CEO of Pennon Group
- Cynthia Carroll, '89 – former CEO of Anglo American PLC
- Dan Bricklin, '79 – Inventor of the electronic spreadsheet
- Daniel A. D'Aniello, '74 – Co-founder of The Carlyle Group
- Daniel Vasella, '89 – President of Novartis AG
- Darren Huston, CEO of Priceline
- David Nelms, '87 – CEO of Discover Financial Services
- David Viniar, '80 – CFO and Executive Vice President of Goldman Sachs
- Diana Farrell '91- President and CEO, JPMorgan Chase Institute
- Dipali Goenka – Director, Welspun Retail Ltd
- Donald J. Carty, '71 – Chairman and CEO of American Airlines
- Donna Dubinsky, '81 – CEO of Palm, Inc.
- E. Roe Stamps '74 - founding partner of the private equity firm Summit Partners.
- Elaine Chao, '79 – U.S. Secretary of Labor
- Elisabeth DeMarse, '80 – CEO of Newser
- Erik Engstrom – CEO of Reed Elsevier
- Fred Hassan, '72 – CEO of Schering-Plough
- Fritz Henderson – former President and Chief Executive Officer of General Motors
- Gabi Ashkenazi – Chief of the General Staff, Israel Defense Forces
- Gary Rodkin – CEO and President of ConAgra Foods
- George Kaiser – Chairman of BOK Financial Corporation
- George Schussel – Founder and former chairman of Digital Consulting Institute, founder of Jellicle Investors, Inc.
- George W. Bush, '75 – 43rd President of the United States, former Governor of Texas
- Gerald L. Storch – Chairman and CEO of Toys "R" Us, Inc.
- Gerald Tremblay, '72 – Mayor of Montreal, former Quebec's Minister of Industry, Commerce, Science and Technology
- Grover Norquist, '81 – president of Americans for Tax Reform
- Gunnar Sønsteby, '47 – Norwegian World War II resistance fighter, the most highly decorated person of Norway
- Guy Berruyer – French CEO of Sage Group
- Henry Paulson, '70 – former U.S. Secretary of the Treasury, former CEO of Goldman Sachs
- Howard E. Haugerud, American Diplomat
- Howard Zuker a/k/a Zack Norman, '05 (OPM 34), financier, producer, actor
- James Dinan – founder of hedge fund York Capital Management
- Jamie Dimon, '82 – CEO and Chairman of JPMorgan Chase
- Jane Fraser '94 – CEO Citigroup Latin America
- Jayant Sinha '92 – Union Minister of State for Finance, India 
- Jayant Sinha '92 – Union Minister of State for Finance, India 
- Jeffrey Immelt, '82 – Chairman and CEO of General Electric
- Jeffrey Skilling, '79 – Former CEO of Enron, convicted of securities fraud and insider trading
- Jennifer Hyman – Entrepreneur
- Jim Balsillie, '89 – Co-CEO of Research In Motion and billionaire
- Jim Koch, '78 – Co-founder and chairman of the Boston Beer Company
- John B. Hess, '77 – CEO of Hess Corporation
- John C. Whitehead '47 – former Co-Chairman of Goldman Sachs
- John D'Agostino '02 – MD of Alkeon Capital and subject of best-selling book Rigged: The True Story of a Wall Street Novice who Changed the World of Oil Forever
- John Paulson – president of Paulson & Co., a New York-based hedge fund
- John Thain, '79 – former CEO of Merrill Lynch
- Joseph R. Perella, '72 – Founder, CEO of Wasserstein Perella & Co. and Perella Weinberg Partners
- Julie Bishop, '96 – Australian Deputy Prime Minister
- Karen Mills, '77 – 23rd Administrator of the Small Business Administration
- Larry Kramer, '74—Founder and CEO of Marketwatch, President & Publisher USA Today
- Lawrence Marcus, World War II veteran and VP at Neiman Marcus
- Len Blavatnik '89 – Ukrainian-American businessman
- Mark Albion '82 – Author, Social Entrepreneur, Co-Founder of Net Impact
- Mark Fields '89 – President and CEO of Ford Motor Company
- Mark Pears – CEO of William Pears Group
- Mark Pincus – CEO of Zynga
- Marla Malcolm Beck '98 – Founder & CEO Bluemercury
- Mary Callahan Erdoes, '93 – CEO of J.P. Morgan Asset Management
- Meg Whitman, '79 – President and CEO of Hewlett-Packard
- Melvin Gordon, MBA '43 – CEO of Tootsie Roll Industries (1962–2015)
- Melvin T. Tukman, '66 - co-founder and president of Tukman Grossman Capital Management.
- Michael Bloomberg, '66 – Mayor of New York City
- Michael Lynton, '87 – Chairman and CEO of Sony Pictures Entertainment
- Michael Mullen – Chairman of the Joint Chiefs of Staff, United States armed forces
- Mitt Romney, '75 – 70th Governor of Massachusetts, co-founder of Bain Capital, 2012 Presidential candidate of the Republican Party.
- Morten Friis '79 – Chief Risk Officer of Royal Bank of Canada
- Muhammad bin Ibrahim '10 - 8th Governor of Central Bank of Malaysia
- Naina Lal Kidwai, '82 – Group General Manager and Country Head HSBC India
- Neil Pasricha, '07 – author and speaker
- Nicholas Ferguson – Chairman of BskyB
- P Chidambaram, '68 – Former Union Minister of Finance, India
- Philip Caldwell, '42 – Chairman and CEO of the Ford Motor Company
- Prince Maximilian of Liechtenstein, '98 – President and CEO of LGT Group
- Rahul Bajaj, '62 – CEO of Bajaj Auto
- Rajat Gupta, '73 – Former MD, McKinsey & Company and convicted of insider trading in the Galleon Group case
- Rajiv Ghatalia '93 - Indian-American businessman
- Randy Haykin, '88 – Founder of The Intersection Event and The Gratitude Network
- Ratan Tata, '75 – Chairman and CEO Tata Sons
- Ray Dalio '73 – founded Bridgewater Associates
- Raymond W. Baker, '60 – Director of Global Financial Integrity
- Richard Urman, '09 – Physician, author
- Rick Wagoner, '77 – Former CEO of General Motors
- Robert B. Stobaugh – Harvard Business School emeritus professor of Business Administration
- Robert Kraft, '65 – Chairman and CEO of The Kraft Group, owner of the New England Patriots and New England Revolution
- Robert McNamara – former Secretary of Defense and former President of the World Bank
- Rodney A. Hawes, Jr., '69 - CEO of LifeRe, Benefactor of the Hawes Hall classroom building
- Ron Johnson – former CEO of J. C. Penney
- Salman Khan (educator), '03 – Founder of Khan Academy
- Sheldon Erikson, '70 – Chairman of the Board, President and Chief Executive Officer of Cameron International Corporation
- Sheryl Sandberg, '95 – COO of Facebook
- Shikhar Ghosh, '80 – Serial entrepreneur, MBA Class of 1961 Senior Lecturer at Harvard Business School
- Stephen A. Schwarzman, '72 – Founder of Blackstone Group
- Stephen Covey, '57 – Self-help Author
- Stuart A. Miller, '79 - President of Lennar Corporation
- Tad Smith - CEO, Sotheby's
- Tarek Ben Halim, Investment Banker and founder of Alfanar, a venture philanthropy organization
- Teresa Clarke, former managing director Goldman Sachs 2004 – 2010 CEO and founder Africa.com
- Theodor Sproll, '05 – Rector of the Baden-Wuerttemberg Cooperative State University Loerrach
- Timothy I. Ahern – U.S. Air Force Major General
- Tom McGrath – Chairman of Broadway Across America, prominent Broadway and Film Producer
- Trevor Fetter '86 – CEO of Tenet Healthcare
- Vicente Fox, '74 - 55th President of Mexico
- Vittorio Colao, current Chief Executive of Vodafone Group
- W. James McNerney, Jr., '75 – CEO of Boeing
- Walter A. Haas Jr., '39 – CEO of Levi Strauss & Co.
- Whitney Tilson '94 – Managing Partner of T2 Partners
- William Ackman '92 – Hedge Fund Manager
- William Legge, 10th Earl of Dartmouth, UKIP Member of the European Parliament
- William MacDonald, '42 – Christian preacher and writer in the Plymouth Brethren movement
- Y C Deveshwar – Chairman and Chief Executive Officer of ITC Limited
- Yoshito Hori, '91 – Founder, Globis University Graduate School of Management
- Zeeshan Zaidi, 00 – President and Co-Founder of Host Committee, Lead singer and guitarist for The Commuters
- Zoe Cruz, '82 – former Co-President of Morgan Stanley
- Harvard/MIT Cooperative Society, campus bookstore
- List of Harvard University people
- List of Ivy League business schools
- "Statistics - About Us - Harvard Business School". Hbs.edu. Retrieved 2015-03-28.
- Baer, Drake; Feloni, Richard (September 18, 2014). "The 25 Most Successful Harvard Business School Graduates". Business Insider. Retrieved July 6, 2016.
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- 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
- Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's"
- Melvin T. Copeland, And Mark an Era: The Story of the Harvard Business School (1958)
- 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)
- "Building the Foundation: Business Education for Women at Harvard University: 1937-1970". Harvard Business School. Retrieved 3 November 2015.
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- "Best Business Schools 2015 - Bloomberg Businessweek". Bloomberg.com.
- "Business school rankings from the Financial Times - FT.com".
- "Harvard Business School Tops New 2015 Poets&Quants' MBA Ranking - Page 3 of 6 - Poets and Quants". Poets and Quants.
- "About the Program - Summer Venture in Management - Harvard Business School". Hbs.edu. Retrieved 2015-03-28.
- Boston Globe, March 21, 2014
- "Business School announces Tata gift; two initiatives". Harvard Gazette. 2012-10-14. Retrieved 2012-05-10.
- "A campus built on philanthropy - Tata Hall". Harvard Business School -About us. Retrieved June 19, 2016.
- "Harvard Business School - A Campus Built on Philanthropy". Kresge Way - About us. 2016. Retrieved June 19, 2016.
- "A campus built on philanthropy - Ruth Mulan Chu Chao Center". Harvard Business School - About us. 2016. Retrieved June 19, 2016.
- "HBS Campus". Harvard Business School - Executive Education. 2016. Retrieved June 19, 2016.
- "Alexandre Behring da Costa". Bloomberg. Retrieved 25 March 2015.
- Barnes, Bart (2015-02-17). "Betty Jane Diener, blunt Virginia secretary of commerce in 1980s, dies". Washington Post. Retrieved 2015-02-21.
- "Darren R. Huston". CNBC. Retrieved 3 July 2015.
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- Evans, Suzy. "Jennifer Hyman and Jennifer Fleiss". 2011 Most Influential Women in Technology. Fast Company. Retrieved 18 October 2012.
- "Mark Pears". Globalrealestate.org. Retrieved 6 November 2014.
- Johnson, Carla K. (2015-01-21). "Melvin Gordon dies at 95; longtime Tootsie Roll CEO". Los Angeles Times. Retrieved 2015-02-20.
- "Company Overview of Tukman Grossman Capital Management, Inc.: Melvin Theodore Tukman". Bloomberg Business. Retrieved February 8, 2016.
- "COMMITTED TO HBS'S SUCCESS: Keeping HBS Competitive". Harvard Business School. March 1, 2015. Retrieved February 8, 2016.
- "Tad Smith". NYU. Retrieved 17 March 2015.
- Cruikshank, Jeffrey L. (1987). A Delicate Experiment: The Harvard Business School, 1908–1945. Boston, MA: Harvard Business School Press. ISBN 0-87584-135-X.
- 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
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