Imagine studying at Harvard Business School — the most iconic business school on earth — with 75% of your tuition fees already covered by a private foundation. That is exactly what the Boustany Foundation Harvard MBA Scholarship makes possible. Offered once every two years to a single outstanding candidate, this is one of the rarest, most prestigious, and most financially significant private MBA scholarships in the world. The next cycle opens for the Autumn 2027 intake, with a deadline of 31 May 2027. This Gradualin guide breaks down everything you need to know — the value, the process, the internship, and exactly how to build the strongest possible application.
📋 Quick Info Box
| Detail | Information |
| Scholarship Name | Boustany Foundation Harvard MBA Scholarship |
| Offered By | Boustany Foundation (Monaco / Switzerland) |
| Host University | Harvard Business School, USA |
| Degree Level | MBA (Master of Business Administration) |
| Duration | 2 Years (Full-Time) |
| Funding | 75% of tuition fees + internship expenses |
| Estimated Value | ~$115,000+ in tuition coverage |
| Intake | Autumn 2027 |
| Open To | All nationalities (priority: Lebanese descent) |
| Frequency | Once every 2 years (1 winner only) |
| Deadline | 31 May 2027 |
| Award Announced | June 2027 |
| Official Website | boustany-foundation.org/scholarships/programs/harvard-university-mba-scholarship/ |
🎓 About the Boustany Foundation
The Boustany Foundation is a private philanthropic organization established in 2006 by Nabil Boustany and his son Fadi, with offices in Monaco and Switzerland. The Foundation is built on one central belief: that exceptional talent should never be held back by financial limitations. Its scholarship programs span the world’s most prestigious universities, including Harvard, Cambridge, and others, and it has produced a remarkable network of alumni who have gone on to lead in business, policy, and civil society.
What makes Boustany unique among scholarship foundations is its deeply personal approach. There is no mass application portal, no automated filtering system. If shortlisted, you will be invited to one or more interviews with the Foundation, and one candidate will be awarded the Scholarship. This is, quite literally, a one-winner competition — and the Foundation takes that selection process seriously.
The Harvard MBA Scholarship is Boustany’s flagship award — reflecting both the prestige of the institution and the ambition of the Foundation’s mission to develop future global leaders. At Gradualin, we consider this one of the most extraordinary private MBA scholarships available to international students anywhere in the world.
🎓 The Harvard MBA — Why It Matters
Before diving into the scholarship details, it’s worth understanding what you’re actually being funded to pursue.
Harvard Business School (HBS) is not just a top business school — it is the institution that invented the MBA. It pioneered the case method of business education, where instead of lectures, students analyze and debate hundreds of real-world business situations every day. This approach builds not just knowledge, but genuine judgment and leadership capability.
HBS received 9,409 applications for the Class of 2027, and 943 ultimately enrolled — reflecting an acceptance rate of approximately 10%. It is one of the most selective graduate programs in any field, anywhere in the world.
For the 2026–27 academic year, tuition at Harvard Business School is $84,760 per year. When living expenses in Boston are included, the total annual cost reaches approximately $130,000 — meaning the full two-year investment can exceed $260,000.
The median GMAT (10th edition) score of first-year entrants was 730, with the middle 80% of scores ranging from 690 to 760.
Around 50% of HBS students receive need-based financial aid, with the average need-based scholarship reaching $100,000 over two years. The Boustany Scholarship is a private, merit-based award that sits on top of — or alongside — Harvard’s own financial support systems.
🎓 Scholarship Benefits & Funding
The Boustany Foundation Harvard MBA Scholarship offers financial aid amounting to 75% of the tuition fees, as well as travel and accommodation expenses related to the internship.
Here’s what that means in real numbers:
- Harvard Business School tuition: approximately $84,760 per year (~$169,520 for 2 years)
- 75% tuition coverage: approximately $127,140 in direct tuition relief over two years
- This equates to approximately $51,100 per year in tuition support
- Internship expenses: full coverage of travel, accommodation, and food during the Monaco internship (see internship section below)
This is one of the highest-value private MBA scholarships in the world. The remaining 25% of tuition — plus living costs in Boston — would still need to be covered through personal funds, loans, or Harvard’s own financial aid. At current rates exceeding $115,000 for the two-year program, the Boustany award translates to roughly $86,000 in direct tuition relief. (Exact figures vary by year — verify on the official Boustany Foundation website.)
💡 Gradualin Tip: Combine this scholarship with Harvard’s own need-based financial aid. Since Harvard assesses aid separately, you may be eligible to receive additional support from HBS that covers part of your remaining costs.
🎓 The Monaco Internship — What You Need to Know
This is the unique element that makes the Boustany Scholarship unlike any other MBA award in the world.
Over the summer, scholars are expected to complete a two-month unpaid internship at the Boustany Foundation’s office in Monaco. Travel, food, and accommodation expenses related to the internship will be covered by the Foundation. The dates of the two-month period may be determined on a case-by-case basis between the scholar and the Foundation.
During the internship, scholars will work on either increasing awareness about the Foundation, designing or proposing new scholarships, or working on other initiatives that further the vision of the Boustany Foundation. The exact project scope will be determined on the first day of the internship and can be driven by scholar interests as well.
What this actually means for you:
- 🇲🇨 Monaco is one of the world’s most exclusive addresses — the experience itself is extraordinary
- The internship is fully expenses-paid — flights, housing, and daily meals are all covered
- The work is genuinely meaningful — you’ll be shaping how future generations of talented students access top-tier education
- The project scope is flexible and scholar-driven — making it a creative rather than bureaucratic experience
- This also means your Boustany alumni status connects you to a small, elite, global network
Think of the internship not as an obligation, but as a bonus: a fully funded summer in Monaco, contributing to a mission you already believe in.
🎓 Eligibility Criteria
The eligibility requirements for the Boustany Foundation Harvard MBA Scholarship are deliberately broad — but the bar for quality is extraordinarily high:
- ✅ Excellent academic background — a strong undergraduate degree from a recognized institution
- ✅ Harvard Business School admission — candidates may apply for the Scholarship only after receiving an offer of admission from the Harvard MBA programme
- ✅ Considerable professional promise — demonstrated achievement and leadership potential
- ✅ Any nationality — although the Scholarship can be awarded to candidates of any nation, priority will be given to candidates of Lebanese descent
- ✅ GMAT or GRE scores — as required for Harvard admission
- ✅ English language proficiency — demonstrated through Harvard’s admissions process
A critical note: You cannot apply for this scholarship before you have your Harvard admission letter. Getting into HBS is the prerequisite — and with a ~10% acceptance rate, that is the hardest part of this entire process.
🎓 Who Should Apply (And Who Should Not)
✅ Apply if you:
- Already hold — or are actively pursuing — an offer of admission from Harvard Business School
- Have an exceptional academic record and a track record of professional achievement
- Are of Lebanese descent — your application receives priority consideration
- Are self-driven enough to compete for a one-winner scholarship
- Want to study at the world’s most recognized business school with major tuition support
❌ Don’t apply if you:
- Have not yet been admitted to Harvard Business School — the Boustany application is only open after HBS acceptance
- Are looking for a fully funded MBA covering tuition AND all living expenses — this covers 75% of tuition, and living costs in Boston must be arranged separately
- Are unable to commit to the two-month Monaco internship during the summer semester
- Are applying to the 2025 or 2026 intake — the next scholarship will be awarded for the class commencing Autumn 2027
🎓 About Harvard Business School — Programs & Profile
The Harvard MBA is a two-year, full-time program based in Boston, Massachusetts. Key facts:
- Program structure: Year 1 is a fixed Required Curriculum building foundations in leadership, finance, operations, and strategy. Year 2 is fully elective — you design your own academic path
- Teaching method: The famous case method — 500+ real business cases analyzed and debated in class over two years
- Class size: Approximately 930–943 students per cohort, drawn from over 70 countries
- The Class of 2027 received 9,409 applications, with 943 students admitted
- Career outcomes: Post-MBA median base salary of approximately $175,000, with top recruiters in consulting, private equity, and technology
- Undergraduate backgrounds of admitted students: Engineering (24%), Business/Commerce (22%), Economics (19%), Mathematics/Physical Sciences (19%), Social Sciences (11%)
- Work experience: Most admitted students have 4–6 years of meaningful professional experience with demonstrated leadership impact
🎓 Required Documents for the Boustany Application
Once you have your Harvard MBA offer in hand, gather these documents for the Boustany application:
- Curriculum Vitae (CV) — including a recent professional photograph
- GMAT scores — official score report
- Harvard Business School acceptance letter — proof of admission (mandatory)
- Cover letter or personal statement (recommended — verify with foundation)
- All submitted via email to: admissions@boustany-foundation.org
That is the complete application package. There is no lengthy online portal — the process is intentionally direct and personal.
🎓 Step-by-Step Application Process
Follow these steps to apply for the Boustany Foundation Harvard MBA Scholarship for Autumn 2027:
Step 1 — Apply to Harvard Business School Begin your HBS application well in advance. Harvard typically has multiple application rounds (Round 1: September, Round 2: January, Round 3: April). Aim for Round 1 or Round 2 for the strongest admission chances.
Step 2 — Secure Your HBS Admission Letter You cannot apply for the scholarship without it. Securing admission to Harvard is the most critical step in the entire process.
Step 3 — Prepare Your Boustany Application Package Compile your CV (with photo), official GMAT scores, and Harvard acceptance letter into one clean document package.
Step 4 — Submit via Email Send a copy of your curriculum vitae with a photograph, GMAT scores, and acceptance letter from the University to admissions@boustany-foundation.org before the deadline.
Step 5 — Shortlisting & Interview If shortlisted, you will be invited to one or more interviews with the Foundation, and one candidate will be awarded the Scholarship.
Step 6 — Scholarship Award The Scholarship will be awarded during the month of June 2027.
Step 7 — Begin Harvard MBA (Autumn 2027) Start your two-year MBA journey at Harvard Business School, Boston.
Step 8 — Complete Monaco Internship During the summer period, complete your two-month Boustany Foundation internship in Monaco — fully covered for travel, accommodation, and meals.
🎓 Important Dates & Deadlines
| Event | Date |
| Harvard MBA Round 1 Applications | ~September 2026 (verify on hbs.edu) |
| Harvard MBA Round 2 Applications | ~January 2027 (verify on hbs.edu) |
| Boustany Scholarship Deadline | 31 May 2027 |
| Scholarship Award Announced | June 2027 |
| Harvard MBA Intake | Autumn 2027 |
| Monaco Internship | Summer 2027 (flexible dates) |
📌 Bookmark this page and check back for any updates. Apply to Harvard well ahead of the Boustany deadline to ensure you have your admission letter in time.
🎓 Why Harvard — Why This Scholarship?
Here is what makes this opportunity truly extraordinary. The Harvard MBA does not just open doors — it fundamentally changes which rooms you can enter. HBS alumni lead some of the world’s largest organizations, run governments, founded global companies, and shaped the policies that govern international trade and finance. The alumni network is unlike anything else in business education.
What makes this different from every other MBA scholarship in the world is the combination: Harvard’s unmatched prestige plus the Boustany Foundation’s genuine financial commitment. A 75% tuition reduction on a Harvard MBA is not a minor discount — it is life-altering financial support that makes this program accessible to a category of exceptional candidate who might otherwise find the cost prohibitive.
And then there is Monaco. Spending two months inside a foundation that has dedicated itself to opening the doors of elite education — from one of the world’s most beautiful addresses — is a genuinely once-in-a-lifetime experience that adds texture, perspective, and global network value to your Harvard journey.
For candidates of Lebanese descent with the academic credentials to secure a Harvard MBA offer, this is one of the most valuable private scholarships available in graduate business education. For all other exceptional candidates worldwide — the door is still open.
🎓 Frequently Asked Questions (FAQ)
Q: Is the Boustany Harvard MBA Scholarship fully funded? A: Not in the traditional sense. The scholarship covers financial aid amounting to 75% of the tuition fees, along with travel and accommodation expenses for the internship. The remaining 25% of tuition and all living costs in Boston must be covered separately — through personal funds, loans, or Harvard’s own financial aid programs.
Q: Can I apply without being admitted to Harvard Business School? A: Absolutely not. Candidates may apply for the Scholarship only after receiving an offer of admission from the Harvard MBA programme. Applications submitted without proof of admission will not be considered.
Q: How often is this scholarship awarded? A: The Boustany MBA Harvard Scholarship is granted once every two years for the two-year course at Harvard Business School. Only one candidate wins per cycle.
Q: Is the Monaco internship mandatory? A: Yes. All selected candidates are required to complete a two-month internship at the Boustany Foundation’s office in Monaco. The Foundation covers travel, accommodation, and food expenses.
Q: Who gets priority in the selection process? A: Although the Scholarship can be awarded to candidates of any nation, priority will be given to candidates of Lebanese descent. All nationalities are encouraged to apply if they have a strong Harvard admission and academic profile.
Q: What is the deadline for the 2027 cycle? A: The deadline for the submission of candidacy is 31st May 2027. The Scholarship will be awarded during the month of June 2027.
🎓 Official Sources & Links
- 🌐 Boustany Foundation Scholarship Page: boustany-foundation.org/scholarships/programs/harvard-university-mba-scholarship/
- 📧 Application Email: admissions@boustany-foundation.org
- 🎓 Harvard Business School MBA: hbs.edu/mba
- 📋 Boustany Application Form: boustany-foundation.org/scholarships/mba-application/
- 🏛️ Boustany Foundation Main Site: boustany-foundation.org
🎓 Complete Summary Table
| Detail | Information |
| Scholarship | Boustany Foundation Harvard MBA Scholarship |
| Foundation | Boustany Foundation (Monaco / Switzerland) |
| University | Harvard Business School, Boston, USA |
| Degree | MBA (2 Years, Full-Time) |
| Intake | Autumn 2027 |
| Funding | 75% of tuition fees + internship expenses |
| Estimated Tuition Covered | ~$115,000–$127,000 over 2 years |
| Number of Awards | 1 winner per cycle |
| Frequency | Every 2 years |
| Eligible Nationalities | All (priority: Lebanese descent) |
| Key Prerequisite | Must hold Harvard Business School admission offer |
| Internship | 2 months, Boustany Foundation, Monaco (fully covered) |
| Application Method | Email to admissions@boustany-foundation.org |
| Deadline | 31 May 2027 |
| Award Announced | June 2027 |
| Harvard MBA Tuition | ~$84,760/year (~$169,520 total) |
| Harvard Acceptance Rate | ~9–10% |
| Harvard Median GMAT | 730 |
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