Harvard MBA Scholarship 2027: Boustany Foundation Award Covers 75% of Tuition

Focus keyword: Harvard MBA Scholarship 2027

The Harvard MBA Scholarship 2027 offered by the Boustany Foundation gives one admitted Harvard Business School student substantial help with tuition. The award covers 75% of tuition fees for the two-year MBA and includes expenses connected with a two-month Foundation internship in Monaco.

That is a valuable award, but the funding detail matters: it is not a fully funded MBA. The scholar must plan for the remaining tuition and other study and living costs. There are also two separate applications to think about. First, you need an offer from Harvard Business School (HBS). Only then can you apply to the Boustany Foundation.

If Harvard is on your list, I would start by checking your admission timeline and building an honest budget. A strong application is easier to prepare when you know exactly which deadline comes first and what the scholarship will—and will not—pay for.

Harvard MBA Scholarship 2027 Details

What Is the Boustany Harvard MBA Scholarship?

The Boustany Foundation awards this scholarship once every two years to a student entering the Harvard MBA. Its next stated award is for the class beginning in autumn 2027.

The Harvard MBA Scholarship 2027 combines tuition support with a Foundation internship. That combination may appeal to an applicant who wants to work on an education or philanthropic project alongside an MBA. It also asks for a real commitment of time: the selected scholar is expected to complete a two-month internship in Monaco.

It helps to keep the names clear while researching. This article covers an external Boustany Foundation award for an HBS student. HBS also runs its own need-based financial aid process, which has different eligibility and application steps. Receiving admission does not automatically grant either award.

If you are comparing business school funding, see our guide to the Oxford–Pershing Square Graduate Scholarship 2027. Its degree route and funding terms differ, so compare the official requirements before choosing where to apply.

Harvard MBA Scholarship 2027 Benefits

Tuition support

The Foundation states that its Harvard MBA scholarship provides financial aid equal to 75% of tuition fees. This is the main financial benefit. It does not mean that 75% of every expense in an HBS cost-of-attendance estimate is covered.

Before accepting an offer, calculate the amount you would still need for the other 25% of tuition, housing, meals and any other applicable costs. Use the current HBS figures for your entering class rather than an older article’s estimate.

Internship expenses

The selected scholar is expected to complete a two-month unpaid internship at the Foundation’s office in Monaco. The Foundation says it covers travel, food and accommodation expenses related to that internship. The internship is an opportunity to contribute to a Foundation project; it is not a paid job or a general living stipend for the MBA.

Projects may involve raising awareness of the Foundation, proposing scholarship initiatives or supporting other work connected to its mission. The Foundation says the internship dates can be discussed case by case.

Could HBS financial aid also help?

HBS offers separate need-based scholarships to admitted domestic and international students. Its financial aid team assesses circumstances such as income, assets, socioeconomic background and undergraduate debt. HBS says students can apply for its financial aid only after admission.

Do not assume that an HBS award and the Boustany award can simply be added together at their full stated amounts. If you are considering both, ask HBS Financial Aid how an external award would affect your individual package. The most useful number is the amount you would actually have left to pay.

Harvard MBA Scholarship 2027 Eligibility

The Foundation asks candidates to have an excellent academic background and show considerable promise. Applicants must already hold an offer of admission to the Harvard MBA programme before applying for this scholarship.

Candidates of any nationality may apply. The Foundation states that it gives priority to applicants of Lebanese descent; it does not limit the scholarship to Lebanese applicants.

HBS admission has its own requirements and review process. International applicants should check that their degree meets HBS’s stated equivalency requirements. A candidate should also be ready to complete the HBS application, including the required academic, test, essay and recommendation materials.

One detail is easy to miss: an impressive scholarship profile cannot replace an HBS admission offer. If you are still preparing for admission, that is your first task.

For another postgraduate funding route in the United States, you can read our Knight-Hennessy Scholars 2027 guide. Check its Stanford degree requirements separately; it is a different programme.

Required Documents

Keep the HBS admission application and the Boustany scholarship application in separate folders. They have different purposes and should not be treated as one submission.

For Harvard Business School admission

HBS lists the following among the materials applicants need to prepare:

• Academic transcripts
• GRE or GMAT information
• English language test information, where applicable
• Application essays
• Recommendations
• Résumé
• Application fee or approved fee waiver

Check the current HBS application instructions for the exact requirements that apply to you. Applicants invited to interview must also complete a post-interview reflection within the period specified by HBS.

For the Boustany Foundation scholarship

The Foundation’s Harvard scholarship page asks candidates to send:

• A curriculum vitae with a photograph
• GMAT scores
• An HBS acceptance letter

The Foundation also provides an online MBA scholarship application form that asks for academic background, professional experience, career goals and scholarship motivation, with document uploads. Review the official Harvard scholarship page and form before submitting; follow the Foundation’s current instructions if they differ.

Do not send a scholarship application before you have the admission letter. Preparing your CV and responses early is sensible, but the Foundation requires proof of admission.

How to Apply: Step-by-Step Process

Step 1: Check that the Harvard MBA fits your goals

Read the MBA curriculum, admission requirements and cost information on the HBS website. Think beyond the name of the school. What work do you want to do after the degree, and why would this particular MBA help you do it?

That question will also make your application more personal. A concrete example from your work or community is more convincing than a broad claim that you want to become a leader.

Step 2: Prepare your HBS application

Give yourself time for the tests, transcripts, essays and recommendations required by HBS. Ask recommenders early enough to write about your actual work. When describing an achievement, explain the situation, what you did and what changed as a result.

If the application fee presents a financial difficulty, HBS offers a need-based fee waiver. Its waiver request must be submitted two weeks before the MBA application deadline, so check that separate timing before waiting until the last day.

Step 3: Submit the MBA application by the relevant deadline

For applicants entering in autumn 2027, HBS lists Round 1 as 9 September 2026 and Round 2 as 5 January 2027, both at 12:00 p.m. Eastern Time. Round 1 has passed; Round 2 is the remaining regular application round as of this update. HBS says an applicant may apply in only one round per application year.

The separate 2+2 deferred admission route has its own process and deadline. Do not use its deadline as an extension of the regular MBA round.

Step 4: Complete the HBS interview process if invited

HBS reviews the written application and invites selected candidates to interview. An invitation is a positive step, but it does not guarantee admission. HBS also requires interviewed applicants to submit a post-interview reflection through its application system.

Keep your interview examples specific. You do not need to make every decision sound perfect; thoughtful reflection on a difficult decision can tell a reader more about you than a list of titles.

Step 5: Apply to the Boustany Foundation after admission

Once you receive an HBS offer, read the Foundation’s current Harvard MBA scholarship instructions. Prepare the CV with photograph, GMAT scores and acceptance letter it requests. The Foundation’s page directs candidates to admissions@boustany-foundation.org and also links to its MBA application form.

Make sure the documents and any form responses are complete before the 31 May 2027 scholarship deadline. If you are uncertain how the Foundation wants an email submission and the online form used together, confirm directly with the Foundation.

Step 6: Attend the Foundation interview if shortlisted

The Foundation says shortlisted applicants may be invited to one or more interviews. One candidate will receive the award, which the Foundation expects to announce in June 2027. If selected, discuss the internship schedule and review your remaining MBA costs before finalising your funding plan.

For a different MBA funding option in the UK, our Skoll MBA Scholarship 2027 article is another place to start your comparison.

Harvard MBA Scholarship 2027 Deadline

The Boustany Foundation deadline is 31 May 2027. That is the scholarship deadline, not the deadline to apply for HBS admission.

For the regular HBS MBA class entering in fall 2027, Round 1 closed on 9 September 2026. Round 2 closes on 5 January 2027 at 12:00 p.m. Eastern Time. HBS lists Round 2 admission decisions for 25 March 2027. That schedule gives a successful Round 2 applicant time to prepare a Foundation application, but it is wise to prepare the scholarship materials ahead of the decision.

Deadlines can be more stressful across time zones. Put the HBS Eastern Time deadline and the Foundation deadline into your calendar with reminders several days early, then check both official pages before submitting.

Practical Tips for a Strong Application

The Harvard MBA Scholarship 2027 is highly selective: the Foundation states that it awards the scholarship to one candidate. You cannot control the number of applicants, but you can make your own record easier to understand.

Start with evidence. Instead of writing that you are passionate about helping others, describe one decision you made, the people affected and what you learned. If you improved a process at work, show the result without overstating your role. If a plan failed, explain what you changed afterward.

Then look at the proposed internship honestly. The Foundation works on educational and philanthropic initiatives. Consider which part of that mission you could contribute to, using skills you have already demonstrated. A scholarship motivation that connects your past work, your reason for an MBA and a plausible future contribution will read more naturally than generic praise for Harvard.

Finally, make a personal funding worksheet. Add the MBA expenses you expect to face, subtract only funding you have confirmed, and note which awards still depend on decisions. This small step can protect you from mistaking 75% tuition support for a fully funded two-year stay.

If you are planning the move from abroad, our USA F-1 Student Visa Guide can help you understand the later visa stage. Follow HBS’s own international student instructions for your individual case.

Frequently Asked Questions

1. Is the Harvard MBA Scholarship 2027 fully funded?

No. The Boustany Foundation states that it covers 75% of tuition fees and specified expenses related to the internship in Monaco. Applicants should budget for remaining tuition and other MBA costs.

2. Can I apply before Harvard Business School admits me?

No. The Foundation requires an HBS admission offer before you apply for its Harvard MBA scholarship. You can prepare your CV and other materials while waiting for an admission decision.

3. Can international students apply?

Yes. The Foundation accepts candidates of any nationality, although it gives priority to candidates of Lebanese descent. HBS also offers its separate need-based financial aid to eligible domestic and international students.

4. Is the Monaco internship paid?

No. The Foundation describes it as a two-month unpaid internship. It says it covers travel, food and accommodation expenses related to the internship.

5. What is the difference between HBS financial aid and this scholarship?

HBS need-based aid is assessed by Harvard Business School after admission. The Boustany scholarship is a separate external award with its own application, selection process and internship requirement. Ask HBS how external funding would affect your aid package.

6. What are the important 2027 dates?

The remaining regular HBS application deadline is 5 January 2027 at noon Eastern Time. HBS lists Round 2 decisions for 25 March 2027. The Boustany scholarship application deadline is 31 May 2027, with the award expected in June.

How to Apply and Official Website

Apply Now — Harvard MBA admission: HBS application portal

Apply Now — Boustany scholarship: Boustany Foundation MBA application — apply after receiving an HBS offer and follow the submission instructions on the scholarship page.

Official Website — scholarship details: Boustany Foundation Harvard MBA Scholarship

Official Website — HBS dates and aid: MBA application dates and HBS tuition assistance

Final Thoughts

The Harvard MBA Scholarship 2027 could make an HBS degree considerably more affordable for its recipient. Its clearest benefits are 75% tuition support and covered expenses for the Foundation internship in Monaco. Its clearest limitations are the remaining MBA costs and the fact that only an admitted HBS applicant can compete for the award.

My advice is to work in that order: prepare an application that explains your real experience, secure admission, then submit a careful Foundation application. Keep your budget realistic throughout. That gives you a stronger basis for deciding whether the opportunity fits both your ambitions and your finances.