Harvard University MBA Scholarship 2027 — Fully Funded

The Harvard University MBA Scholarship 2027 is a prestigious, partially funded award offered by the Boustany Foundation to outstanding international students admitted to Harvard Business School. It covers 75% of tuition fees, travel costs, and accommodation during a two-month internship with the Foundation. It is open to all nationalities, with preference for candidates of Lebanese descent. The application deadline is 31 May 2027.

Harvard University MBA Scholarship 2027 — Quick Facts Table

What Is the Harvard University MBA Scholarship 2027?

Most people assume that getting into Harvard Business School is the hard part. Funding your studies there is a completely different challenge — tuition alone runs well over $100,000. That’s exactly why the Harvard University MBA Scholarship 2027 exists.

The Boustany Foundation, a private philanthropic organization, established this award to help exceptional students access one of the world’s most selective business programs without carrying the full financial weight alone. The scholarship has been running for years and is awarded once every two years, making each cycle intensely competitive.

The goal isn’t just to fund your degree. The Foundation wants to develop future business leaders who will create real, positive change in the world. If that’s your ambition, the Harvard University MBA Scholarship 2027 could be the opportunity that defines your career.

What Does It Cover? (Benefits)

The Harvard University MBA Scholarship 2027 offers a strong package that goes beyond tuition. Here’s exactly what you get:

• 75% tuition fee coverage — A massive reduction on Harvard Business School’s full tuition, saving you tens of thousands of dollars
• Two-month internship at the Boustany Foundation — A mandatory placement where you work on real projects with experienced professionals
• Travel expenses for the internship — Your flights to and from the internship location are fully covered
• Accommodation during the internship — You won’t need to worry about housing costs while completing your placement
• International professional experience — You build leadership skills, project management capabilities, and a global network during the internship

Bottom line: This scholarship doesn’t just reduce your debt — it hands you a structured career experience before you even graduate.

Who Can Apply? (Eligibility)

Nationality

The Harvard University MBA Scholarship 2027 is open to applicants from all nationalities worldwide. Students from Africa, South Asia, Southeast Asia, the Middle East, Latin America, and beyond are all eligible to apply. The Foundation gives preference to candidates of Lebanese descent, but this does not exclude anyone else.

Academic Record

You must have an outstanding academic history. A strong GPA throughout your undergraduate degree is essential. Mediocre grades will not be competitive for this award.

Harvard Business School Admission

This is non-negotiable: you must already hold an official admission offer from Harvard Business School before you can apply for the scholarship. The Harvard University MBA Scholarship 2027 does not fund your HBS application — it funds your studies once you’ve already been accepted.

Leadership and Impact

The Foundation is looking for candidates who demonstrate clear leadership potential and a serious commitment to making a positive global impact. This is not just a checkbox — it should be visible throughout your application, CV, and essays.

English Proficiency

You must be proficient in English. Since HBS itself requires English proficiency for admission, meeting Harvard’s standards will satisfy this requirement.

GMAT Score

A strong GMAT score is part of your required documents. Harvard Business School typically expects scores well above 700, and competitive scholarship applicants tend to be at the top of that range.

What Can You Study?

The Harvard University MBA Scholarship 2027 is specifically for the Harvard Business School MBA program. This is a two-year, full-time MBA degree based at Harvard’s campus in Boston, Massachusetts, USA.

Harvard Business School’s MBA is one of the most recognized business qualifications in the world. The curriculum covers finance, entrepreneurship, leadership, operations, strategy, marketing, and global business. You’ll study through the case method — a Harvard-signature learning approach used since 1908.

The scholarship is not available for other degrees at Harvard University, only for the MBA at Harvard Business School.

How to Apply — Step by Step

Step 1: Apply to Harvard Business School First

Before anything else, you must apply to and receive an admission offer from Harvard Business School. Visit hbs.edu to start your HBS application. Without an offer letter, you cannot apply for the Harvard University MBA Scholarship 2027.

Step 2: Prepare Your Scholarship Documents

Once admitted to HBS, gather your required documents (listed in the next section). Start your CV early — it should be sharp, concise, and focused on leadership and impact.

Step 3: Write a Compelling Cover or Application Statement

The Foundation wants to understand who you are and what you intend to do with your MBA. Be specific about your goals — vague statements about “making a difference” will not impress a committee that reads hundreds of applications.

Step 4: Submit Your Application by Email

Send all required documents to the Boustany Foundation by email before the 31 May 2027 deadline. Double-check their official website for the exact submission email address and any additional instructions for the current cycle.

Step 5: Wait for the Shortlist Notification

If your application stands out, you will be contacted for an interview. Not all applicants reach this stage. If you don’t hear back within the timeline stated on the Foundation’s website, you were not shortlisted.

Step 6: Attend the Interview (If Invited)

The interview is your chance to show the committee the person behind the documents. Come prepared with specific examples of your leadership experience and a clear vision for your post-MBA career.

Step 7: Await Final Decision

Successful applicants are notified directly by the Boustany Foundation. If awarded, you’ll receive instructions on scholarship disbursement and internship arrangements.

Required Documents

• Updated CV — Keep it to one or two pages. Prioritize leadership roles, impact-driven projects, and international experience
• Recent passport-size photograph — Use a professional photo, not a cropped selfie
• GMAT score report — An official score report from GMAC. Aim for the highest score you can — this is a competitive field
• Harvard Business School admission offer letter — This is mandatory. You cannot apply without it

Tip: Prepare all documents in PDF format unless the Foundation specifies otherwise. Name your files clearly (e.g., “Surname_CV_2027.pdf”) so the review team can identify them easily.

Application Deadlines

Apply early. Do not wait until the final week to submit. The Boustany Foundation reviews applications as they come in, and submitting close to the deadline leaves no room for error if there’s a technical issue.

Tips to Write a Winning Application

1. Get your HBS admission sorted first — nothing else matters until then. The scholarship depends entirely on your Harvard admission. Focus your energy on securing your HBS offer before touching the scholarship application.

2. Make your leadership experience concrete and specific. Don’t say you “led a team.” Say you led a team of 12 people through a product launch that generated $200,000 in revenue. Numbers and outcomes are what stick.

3. Connect your MBA goals to global impact — and mean it. The Boustany Foundation was built on the belief that education creates lasting change. Show them how your career plan extends beyond personal success. Be genuine, not performative.

4. If you have Lebanese heritage, mention it clearly and early. The Foundation gives preference to Lebanese-descent candidates. If this applies to you, state it clearly in your application — don’t assume they’ll figure it out from your name.

5. Treat the internship as part of your pitch, not a footnote. The two-month internship at the Boustany Foundation is a core part of this scholarship. Demonstrate that you understand the Foundation’s mission and that you’re genuinely excited to contribute to it — not just to collect the tuition subsidy.

6. Get your GMAT score up before applying. A weak GMAT score will hurt you, even with everything else in place. If your score isn’t where it needs to be, consider retaking the test before applying.

7. Proofread everything — twice. Spelling errors and sloppy formatting in a Harvard MBA scholarship application are disqualifying. Have someone else review every document before you submit.

Common Mistakes to Avoid

1. Applying before getting into HBS. You cannot apply for this scholarship without an HBS admission offer. Some students waste months preparing scholarship materials before they’ve secured admission. Get into Harvard first.

2. Submitting a generic CV. The Boustany Foundation sees applications from some of the highest-achieving students in the world. A generic CV that doesn’t highlight leadership and global impact will not stand out.

3. Ignoring the Lebanese descent preference. If you have Lebanese ancestry and don’t mention it, you’re leaving a significant advantage on the table. The Foundation’s roots are in Lebanon — this matters to them.

4. Underestimating the internship commitment. Some applicants focus entirely on the tuition benefit and treat the internship as an afterthought. The two-month placement is mandatory and meaningful. If you’re not willing to engage fully with it, this may not be the right scholarship for you.

5. Missing the deadline by even one day. The 31 May 2027 deadline is firm. There is no grace period for scholarship applications of this level. Submit at least a week early.

ScholarPositions Insight

Competitiveness Rating: 5 / 5 — Extremely Competitive

This scholarship sits at the intersection of two already-elite filters: getting into Harvard Business School AND winning a scholarship that awards very few spots every two years. You’re competing against some of the most accomplished MBA candidates on the planet.

Acceptance Reality

Harvard Business School admits roughly 900–1,000 students per MBA class from approximately 10,000+ applicants — that’s an admission rate below 12%. The Boustany Foundation then selects a small number of scholarship recipients from within that already highly selective admitted pool. Exact scholarship award numbers are not publicly disclosed, but the realistic picture is: you’re competing for a handful of spots among hundreds of qualified HBS admits who also apply.

Best Candidate Profile

Winners of the Harvard University MBA Scholarship 2027 tend to follow a clear pattern. They have undergraduate GPAs well above 3.7, GMAT scores in the 740–780 range, and at least three to five years of career experience that includes a visible leadership role — not just participation, but ownership of outcomes. They often have a connection to the Middle East or Lebanon, directly or through their work. And they write about impact in specific, measurable terms, not abstract ideals.

Honest Advice from the ScholarPositions Editorial Team

Here’s something the official website won’t tell you: the Boustany Foundation cares deeply about the internship portion of this scholarship. Students who approach the application purely as a tuition discount tend to underwhelm at the interview stage. The committee wants to see that you’ve thought about what you’ll actually contribute during those two months at the Foundation — not just what you’ll gain. Before you apply, spend an hour researching the Boustany Foundation’s actual projects and mission. Then write your application as if the internship is the opportunity, and the tuition is the bonus.

Comparison: Boustany MBA Harvard Scholarship vs. Forté Foundation MBA Fellowship

The Forté Foundation MBA Fellowship is another well-known award for MBA students — but it is specifically for women and focuses primarily on gender equity in business leadership. The Boustany scholarship is gender-neutral and open to all nationalities, making it broader in scope. However, Forté partners with dozens of top business schools, while the Boustany award is exclusively for HBS. If you’re a woman applying to multiple top MBA programs, Forté is worth exploring alongside the Harvard University MBA Scholarship 2027. If Harvard Business School is your specific target, the Boustany award is in a league of its own.

Frequently Asked Questions

Is the Harvard University MBA Scholarship 2027 fully funded? No. It covers 75% of your tuition fees, plus travel and accommodation during the internship. You will still need to cover the remaining 25% of tuition and your own living expenses in Boston.

Can I apply if I’m not of Lebanese descent? Yes. The scholarship is open to all nationalities. However, the Foundation gives preference to Lebanese-descent candidates, so if this applies to you, mention it clearly. If it doesn’t, your application still has a chance — but you need to be exceptional in every other area.

Do I need to secure Harvard Business School admission before applying? Absolutely. An official HBS admission offer letter is a required document. You cannot apply for the Harvard University MBA Scholarship 2027 without it.

How often is this scholarship awarded? Once every two years. This means if you miss the 2027 cycle, the next opportunity may not come until 2029.

What happens during the two-month internship? You work at the Boustany Foundation on real projects that support their philanthropic mission. You’ll be supervised by experienced professionals and expected to contribute meaningfully — not just observe. Travel and housing are covered.

What if I get rejected? First, a rejection from the scholarship doesn’t mean you can’t still attend Harvard Business School — it just means you’ll need to fund it differently, through loans, employer sponsorship, or other scholarships. Second, review your application honestly, strengthen your profile, and consider applying in the next cycle two years later. Some successful applicants have applied more than once.

Is GMAT required? Yes. A GMAT score report is one of the four required documents. A strong score strengthens your overall application.

Where do I submit my application? You submit your documents by email to the Boustany Foundation. Check their official website at boustany-foundation.com for the exact submission address and any updated instructions for the 2027 cycle.

Official Source

For the most current and accurate application information, visit the official Boustany Foundation website:

boustany-foundation.org

Always verify deadlines, submission instructions, and eligibility requirements directly on the official site before applying, as details can be updated between cycles.

Written by

Ayan Adeel

Ayan Adeel is an educational content researcher and scholarship editor with several years of experience tracking and verifying fully funded opportunities from governments, universities, and international organizations worldwide. He founded ScholarPositions after witnessing firsthand how thousands of legitimate scholarships go unclaimed every year simply because deserving students never heard about them. Since launching the platform…

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