Harvard Business School

Harvard Business School

Coat of arms of the School
Type Private business school
Established 1908
Endowment IncreaseUS$3.8billion (2017)[1]
Dean Nitin Nohria
Academic staff
 200
Administrative staff
 1,100
Students 2,009
(1,859 in MBA)
(150 in Ph.D.)
Location Boston, Massachusetts, U.S.
42°22′02″N 71°07′21″W / 42.36722°N 71.12253°W / 42.36722; -71.12253Coordinates: 42°22′02″N 71°07′21″W / 42.36722°N 71.12253°W / 42.36722; -71.12253
Campus Urban
Affiliations Harvard University
Website HBS.edu

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.

History

Baker Library

The school started in 1908.[2] 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).[3]

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.[4]

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.[5][6][7]

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.[8]

International Research Centers

HBS established nine global research centers and four regional offices[9] and functions through offices in Asia Pacific (Hong Kong, Shanghai, Singapore), California, Europe (Paris), South Asia (India),[10] Middle East and North Africa (Dubai, Istanbul, Tel Aviv), Japan and Latin America (Buenos Aires, Mexico City, São Paulo).

MBA program

Inside a Harvard Business School classroom

Rankings

Business school rankings
Worldwide overall
QS[11] 1
Times Higher Education[12] 5
Worldwide MBA
Business Insider[13] 3
Economist[14] 4
Financial Times[15] 4
U.S. MBA
Bloomberg Businessweek[16] 1
Forbes[17] 2
U.S. News & World Report[18] 1
Vault[19] 1

In 2017, HBS was tied for 1st by U.S. News & World Report .[20] No. 1 in the U.S. by Bloomberg Businessweek,[21] and 4th in the world by the Financial Times.[22]

The school belongs to the M7[23] group of elite MBA programs which recognize each other as peers, consisting of Chicago Booth, Columbia, Harvard, Kellogg, MIT Sloan, Stanford, and Wharton.[24][25]

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.[26]

HBX

HBX, is an online learning initiative announced by the Harvard Business School in March 2014 to host online university-level courses. Initial programs are the Credential of Readiness (CORe) and Disruptive Strategy with Clayton Christensen. Leading with Finance was added to the catalog in August 2016. HBX also created HBX Live, a virtual classroom based at WGBH in Boston. Duration of HBX Core course takes from 12 to 18 weeks.[27]

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.

Donor programs

In the fall of 2010, HBS Tata related companies and charities donated $50 million for the construction of an executive center.[28]

The executive center have been named as Tata Hall, after Ratan Tata (AMP '75), the chairman of Tata Sons.[29] The total construction costs have been estimated at $100 million.[30] The Tata Hall is 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.[31]

Kresge Way now is located by the base of the former Kresge Hall, named for Sebastian S. Kresge.[32] 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.[33] The Executive Education quad currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Chao Center, and Glass (administration).[34]

Notable alumni

See also

References

  1. ↑ "Statistics - About Us - Harvard Business School". Hbs.edu. Retrieved 2015-03-28.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Baer, Drake; Feloni, Richard (September 18, 2014). "The 25 Most Successful Harvard Business School Graduates". Business Insider. Retrieved July 6, 2016.
  3. ↑ Gras, N. S. B. (1946). "Obituary Notice: Edwin Francis Gay". The Economic History Review. 16 (1): 60–62. JSTOR 2590582. (Registration required (help)).
  4. ↑ 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
  5. ↑ Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's"
  6. ↑ Melvin T. Copeland, And Mark an Era: The Story of the Harvard Business School (1958)
  7. ↑ 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)
  8. ↑ "Building the Foundation: Business Education for Women at Harvard University: 1937-1970". Harvard Business School. Retrieved 3 November 2015.
  9. ↑ "HBS: Global". Harvard Business School. Retrieved 31 January 2017.
  10. ↑ "HBS opens research center in Mumbai". Harvard Gazette. Retrieved 31 January 2017.
  11. ↑ "QS World University Rankings by Subject 2017 - Business & Management Studies". Quacquarelli Symonds. 2017. Retrieved 2017-03-15.
  12. ↑ "World University Rankings by subject: business and economics". Times Higher Education. 2016. Retrieved 2016-10-29.
  13. ↑ "The 50 best business schools in the world". Business Insider. 2015. Retrieved 2016-02-06.
  14. ↑ "Full time MBA ranking". Economist. 2016. Retrieved 2017-03-15.
  15. ↑ "Global MBA Ranking". Financial Times. 2017. Retrieved 2017-01-31.
  16. ↑ "Best Business Schools 2016". Bloomberg Businessweek. 2016-11-16.
  17. ↑ "The Best Business Schools". Forbes. 2015. Retrieved 2016-02-06.
  18. ↑ "2018 Best Business Schools Rankings". U.S. News & World Report. 2017-03-13.
  19. ↑ "Best Business Schools". Vault.com. 2015. Retrieved 2016-02-09.
  20. ↑ "Best Business Schools". U.S. News & World Report. March 13, 2017.
  21. ↑ "Best Business Schools 2016". Bloomberg.com.
  22. ↑ "Global MBA Ranking 2017". The Financial Times.
  23. ↑ "Mission Admission: Safety Schools".
  24. ↑ ""President's Summit": Heads of Seven Major Business School MBA Student Governments Launch "MBA Peer School Forum" for Inter-school Cohesion and Collaboration".
  25. ↑ "The Kellogg School hosts the Seven Schools Forum".
  26. ↑ "About the Program - Summer Venture in Management - Harvard Business School". Hbs.edu. Retrieved 2015-03-28.
  27. ↑ Boston Globe, March 21, 2014
  28. ↑ "Harvard Business School Receives $50 Million Gift from the Tata Trusts and Companies". Retrieved 14 January 2017.
  29. ↑ "Tata Hall Dedicated at HBS". Retrieved 14 January 2017.
  30. ↑ "HBS Tops Off Tata Hall". Retrieved 14 January 2017.
  31. ↑ "A campus built on philanthropy - Tata Hall". Harvard Business School -About us. Retrieved June 19, 2016.
  32. ↑ "Harvard Business School - A Campus Built on Philanthropy". Kresge Way - About us. 2016. Retrieved June 19, 2016.
  33. ↑ "A campus built on philanthropy - Ruth Mulan Chu Chao Center". Harvard Business School - About us. 2016. Retrieved June 19, 2016.
  34. ↑ "HBS Campus". Harvard Business School - Executive Education. 2016. Retrieved June 19, 2016.
  35. ↑ "Alexandre Behring da Costa". Bloomberg. Retrieved 25 March 2015.
  36. ↑ "Executive Profile: Jean Burelle". Bloomberg. Retrieved 28 July 2017.
  37. ↑ Barnes, Bart (2015-02-17). "Betty Jane Diener, blunt Virginia secretary of commerce in 1980s, dies". Washington Post. Retrieved 2015-02-21.
  38. ↑ "Darren R. Huston". CNBC. Retrieved 3 July 2015.
  39. ↑ » Portfolios of the Union Council of Ministers (2015-03-07). "Portfolios of the Union Council of Ministers | Prime Minister of India". Pmindia.gov.in. Retrieved 2015-03-28.
  40. ↑ Evans, Suzy. "Jennifer Hyman and Jennifer Fleiss". 2011 Most Influential Women in Technology. Fast Company. Retrieved 18 October 2012.
  41. ↑ Vardi, Nathan (1 March 2016). "The Billionaire Banker In The Shadows". Forbes. Retrieved 24 July 2017.
  42. ↑ "Mark Pears". Globalrealestate.org. Retrieved 6 November 2014.
  43. ↑ Johnson, Carla K. (2015-01-21). "Melvin Gordon dies at 95; longtime Tootsie Roll CEO". Los Angeles Times. Retrieved 2015-02-20.
  44. ↑ "Company Overview of Tukman Grossman Capital Management, Inc.: Melvin Theodore Tukman". Bloomberg Business. Retrieved February 8, 2016.
  45. ↑ "COMMITTED TO HBS'S SUCCESS: Keeping HBS Competitive". Harvard Business School. March 1, 2015. Retrieved February 8, 2016.
  46. ↑ "Tad Smith". NYU. Retrieved 17 March 2015.

Sources

Further reading

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