{"id":15280,"date":"2012-11-06T13:29:51","date_gmt":"2012-11-06T20:29:51","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=15280"},"modified":"2012-11-06T13:29:51","modified_gmt":"2012-11-06T20:29:51","slug":"mba-admissions-harvard-business-school-finance","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/mba-admissions-harvard-business-school-finance\/","title":{"rendered":"MBA Admissions: Harvard Business School &#038; Finance"},"content":{"rendered":"<p><em><a href=\"https:\/\/www.accepted.com\/mba\/HarvardHBS.aspx\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-15281\" title=\"HBS\" src=\"https:\/\/gmatclub.com\/blog\/wp-content\/uploads\/2012\/11\/HBS.png\" alt=\"HBS\" width=\"269\" height=\"151\" srcset=\"https:\/\/gmatclub.com\/blog\/wp-content\/uploads\/2012\/11\/HBS.png 640w, https:\/\/gmatclub.com\/blog\/wp-content\/uploads\/2012\/11\/HBS-300x168.png 300w\" sizes=\"auto, (max-width: 269px) 100vw, 269px\" \/><\/a>A quick glance at<\/em><em> <\/em><a href=\"https:\/\/www.accepted.com\/mba\/HarvardHBS.aspx\"><em>Harvard Business School<\/em><\/a><em>: HBS<\/em><em> currently ranks in first place (tied with <\/em><a href=\"https:\/\/www.accepted.com\/mba\/Stanford.aspx\"><em>Stanford<\/em><\/a><em>) as the best business school, according to <\/em><a href=\"https:\/\/grad-schools.usnews.rankingsandreviews.com\/best-graduate-schools\/top-business-schools\/mba-rankings\">US News &amp; World Report<\/a><em> <\/em><em>(March 2012). It was ranked as seventh for <\/em><a href=\"https:\/\/grad-schools.usnews.rankingsandreviews.com\/best-graduate-schools\/top-business-schools\/finance-rankings\"><em>finance<\/em><\/a><em>.<\/em><em> <\/em><\/p>\n<p><a href=\"https:\/\/www.hbs.edu\/mba\/admissions\/class-statistics\/\"><strong>Harvard Business School Class of 2014 Profile <\/strong><\/a><\/p>\n<p>8,963 people applied to Harvard Business School in 2012; 13% were admitted and 925 enrolled.<\/p>\n<p>The Harvard class of 2014 students have an average age of 27 and a median GMAT score of 730. 43% of students have educational backgrounds in economics and business. 12% (or 112 students) worked in financial services prior to attending b-school.<\/p>\n<p><strong>HBS Academics Related to Finance<\/strong><\/p>\n<p>The <a href=\"https:\/\/www.hbs.edu\/mba\/academics\/curriculum.html\">Harvard Business School curriculum<\/a> is divided into two parts: the <a href=\"https:\/\/www.hbs.edu\/mba\/academics\/required.html\">required curriculum (RC)<\/a> and the <a href=\"https:\/\/www.hbs.edu\/mba\/academics\/elective.html\">elective curriculum (EC)<\/a>. Students spend their first year taking RC courses which cover fundamental business practices, as well as <a href=\"https:\/\/www.hbs.edu\/mba\/academics\/field.html\">FIELD<\/a> courses, smaller, hands-on projects that complement the case-method style used in the RC courses.<\/p>\n<p>Term 1 Required Courses:<\/p>\n<ul>\n<li>Finance 1<\/li>\n<li>Financial Reporting and Control<\/li>\n<li>Leadership and Organizational Behavior<\/li>\n<li>Marketing<\/li>\n<li>Technology and Operations Management<\/li>\n<\/ul>\n<p>Term 2 Required Courses:<\/p>\n<ul>\n<li>Business, Government, and the International Economy<\/li>\n<li>Strategy<\/li>\n<li>The Entrepreneurial Manager<\/li>\n<li>Finance 2<\/li>\n<li>Leadership and Corporate Accountability<\/li>\n<\/ul>\n<p>Elective courses in the second year enable students to delve deeper into the subject areas that most interest them.<\/p>\n<p><a href=\"https:\/\/www.hbs.edu\/mba\/academics\/coursecatalog\/\">Finance Courses:<\/a><\/p>\n<table style=\"width: 536px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td>Course Title<\/td>\n<td>Faculty Name<\/td>\n<td>Credits<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1490.html\">Behavioral and Value Investing<\/a><\/td>\n<td><a href=\"https:\/\/dor.hbs.edu\/fi_redirect.jhtml?facInfo=bio&amp;facEmId=rgreenwood&amp;loc=extn\" target=\"_blank\">Robin Greenwood<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1908.html\">Business at the Base of the Pyramid<\/a> (<em>also listed under Marketing <\/em>)<\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=scole\" target=\"_blank\">Shawn Cole<\/a><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=mchu\" target=\"_blank\">Michael Chu<\/a><\/td>\n<td>3.03.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1416.html\">Corporate Financial Management<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=lwhite\" target=\"_blank\">Lucy White<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=yxuan\" target=\"_blank\">Yuhai Xuan<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/5230.html\">Creating Value in Business and Government (HKS-HBS Joint Degree Seminar)<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=wkester\" target=\"_blank\">W. Carl Kester<\/a>, <a href=\"https:\/\/www.hks.harvard.edu\/about\/faculty-staff-directory\/john-donahue\" target=\"_blank\">John D. Donahue<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1420.html\">Creating Value Through Corporate Restructuring<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=sgilson\" target=\"_blank\">Stuart Gilson<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=bbecker\" target=\"_blank\">Bo Becker<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1407.html\">Dynamic Markets<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=jcoval\" target=\"_blank\">Joshua D. Coval<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1624.html\">Entrepreneurial Finance<\/a> <em>(also listed under Entrepreneurial Management)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=wsahlman\" target=\"_blank\">William Sahlman<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=jlassiter\" target=\"_blank\">Joseph Lassiter<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=rnanda\" target=\"_blank\">Ramana Nanda<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/6452.html\">Field Course: Entrepreneurship through Acquisition<\/a> <em>(also listed under Entrepreneurial Management)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=rruback\" target=\"_blank\">Richard S. Ruback<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=ryudkoff\" target=\"_blank\">Royce Yudkoff<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/6462.html\">Field Course: Housing in the United States<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=nretsinas\" target=\"_blank\">Nicolas Retsinas<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/6908.html\">Field Course: Impact Investing and Social Commercial Models<\/a><em>(also listed under Marketing)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=vrangan\" target=\"_blank\">V. Kasturi Rangan<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=mchu\" target=\"_blank\">Michael Chu<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=scole\" target=\"_blank\">Shawn Cole<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/6446.html\">Field Course: Stock Pitching<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=lcohen\" target=\"_blank\">Lauren Cohen<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=cmalloy\" target=\"_blank\">Christopher J. Malloy<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1452.html\">Financial Management of Smaller Firms<\/a> <em>(also listed under Entrepreneurial Management )<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=rruback\" target=\"_blank\">Richard S. Ruback<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=ryudkoff\" target=\"_blank\">Royce Yudkoff<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1548.html\">Introduction to Financial Institutions<\/a> (<em>also listed under General Management<\/em>)<\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=rpozen\" target=\"_blank\">Robert C. Pozen<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1446.html\">Investment Strategies<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=lcohen\" target=\"_blank\">Lauren Cohen<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=cmalloy\" target=\"_blank\">Christopher J. Malloy<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1415.html\">Management of Real Estate Investment Portfolios: Q3<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=nglietz\" target=\"_blank\">Nori Gerardo Lietz<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1484.html\">Management of Real Estate Investment Portfolios: Q3Q4<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=nglietz\" target=\"_blank\">Nori Gerardo Lietz<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1440.html\">Private Equity Finance<\/a><\/td>\n<td valign=\"top\"><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=pgompers\" target=\"_blank\">Paul A. Gompers<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=vivashina\" target=\"_blank\">Victoria Ivashina<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1475.html\">Real Asset Finance<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=aperold\" target=\"_blank\">Andre F. Perold<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1465.html\">Real Estate Development, Design, and Construction<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=jmacomber\" target=\"_blank\">John Macomber<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=cmgordon\" target=\"_blank\">Christopher Gordon<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=gkohn\" target=\"_blank\">A. Eugene Kohn<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1462.html\">Real Estate in Frontier Markets<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=nretsinas\" target=\"_blank\">Nicolas Retsinas<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1684.html\">Real Property<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=asegel\" target=\"_blank\">Arthur Segel<\/a><\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1485.html\">Sustainable Cities; Urbanization, Infrastructure, and Finance<\/a><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=jmacomber\" target=\"_blank\">John D. Macomber<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1428.html\">Venture Capital and Private Equity<\/a> <em>(also listed under Entrepreneurial Management)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=mrhodeskropf\" target=\"_blank\">Matthew Rhodes-Kropf<\/a>, Alexander Ljungqvist<\/td>\n<td>3.0<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1125.html\">Venture Capital in Historical Perspective<\/a> <em>(also listed under Entrepreneurial Management)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=tnicholas\" target=\"_blank\">Tom Nicholas<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=fhardymon\" target=\"_blank\">G. Felda Hardymon<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.hbs.edu\/coursecatalog\/1126.html\">Venture Capital in Historical Perspective: Research Component<\/a> <em>(also listed under Entrepreneurial Management)<\/em><\/td>\n<td><a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=tnicholas\" target=\"_blank\">Tom Nicholas<\/a>, <a href=\"https:\/\/drfd.hbs.edu\/fit\/public\/facultyInfo.do?facInfo=bio&amp;facEmId=fhardymon\" target=\"_blank\">G. Felda Hardymon<\/a><\/td>\n<td>1.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.hbs.edu\/mba\/student-life\/activities-government-and-clubs\/Pages\/default.aspx\"><strong>Clubs for HBS Finance Students<\/strong><\/a><strong><\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.hbs.edu\/mba\/student-life\/activities-government-and-clubs\/Pages\/club-details.aspx?name=finance\">Finance Club<\/a><\/li>\n<li><a href=\"https:\/\/www.hbs.edu\/mba\/studentlife\/clubs\/vcpe.html\">Venture Capital &amp; Private Equity Club<\/a><\/li>\n<li><a href=\"https:\/\/www.hbs.edu\/mba\/student-life\/activities-government-and-clubs\/Pages\/club-details.aspx?name=globaloutsourcing\">Global Business Club<\/a><\/li>\n<li><a href=\"https:\/\/www.hbs.edu\/mba\/student-life\/activities-government-and-clubs\/Pages\/club-details.aspx?name=investment\">Investment Club<\/a><\/li>\n<li><a href=\"https:\/\/www.hbs.edu\/mba\/student-life\/activities-government-and-clubs\/Pages\/club-details.aspx?name=turnaround\">Turnaround &amp; Restructuring Club<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.hbs.edu\/recruiting\/mba\/data-and-statistics\/employment-statistics.html\"><strong>Financial Services Employment Stats at Harvard Business School<\/strong><\/a><strong><\/strong><\/p>\n<p>35% of the class of 2012 graduates received jobs in the finance industry. See chart for sub-categories and salary details:<\/p>\n<table style=\"width: 552px; height: 178px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><strong>Class of 2012 Salary by Industry Destinations<\/strong><\/td>\n<td><strong>%<\/strong><\/td>\n<td><strong>25th % Base Salary<\/strong><\/td>\n<td><strong>Median Base Salary<\/strong><\/td>\n<td><strong>75th % Base Salary<\/strong><\/td>\n<td><strong>Median Signing Bonus<\/strong><\/td>\n<td><strong>% Receiving Signing Bonus<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Financial Services<\/td>\n<td>35%<\/td>\n<td>$100,000<\/td>\n<td>$125,000<\/td>\n<td>$150,000<\/td>\n<td>$40,000<\/td>\n<td>62%<\/td>\n<\/tr>\n<tr>\n<td><em>Commercial Banking<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Diversified\/Insurance<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Hedge Fund<\/em><\/td>\n<td><em>5%<\/em><\/td>\n<td><em>$125,000<\/em><\/td>\n<td><em>$142,500<\/em><\/td>\n<td><em>$150,000<\/em><\/td>\n<td><em>$27,500<\/em><\/td>\n<td><em>50%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>I-Banking<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$40,000<\/em><\/td>\n<td><em>97%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>I-Management<\/em><\/td>\n<td><em>4%<\/em><\/td>\n<td><em>$110,000<\/em><\/td>\n<td><em>$115,000<\/em><\/td>\n<td><em>$125,000<\/em><\/td>\n<td><em>$32,500<\/em><\/td>\n<td><em>95%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Private Equity\/LBO<\/em><\/td>\n<td><em>15%<\/em><\/td>\n<td><em>$133,750<\/em><\/td>\n<td><em>$150,000<\/em><\/td>\n<td><em>$200,000<\/em><\/td>\n<td><em>$30,000<\/em><\/td>\n<td><em>43%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Venture Capital<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Other Financial Services<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>$97,500<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$115,000<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>And by function:<\/p>\n<table style=\"width: 554px; height: 176px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"157\"><strong>Class of 2012 Salary by Functional Destinations<\/strong><\/td>\n<td><strong>%<\/strong><\/td>\n<td><strong>25th % Base Salary<\/strong><\/td>\n<td><strong>Median Base Salary<\/strong><\/td>\n<td><strong>75th % Base Salary<\/strong><\/td>\n<td><strong>Median Signing Bonus<\/strong><\/td>\n<td><strong>% Receiving Signing Bonus<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Finance<\/td>\n<td>36%<\/td>\n<td>$100,000<\/td>\n<td>$125,000<\/td>\n<td>$150,000<\/td>\n<td>$35,000<\/td>\n<td>63%<\/td>\n<\/tr>\n<tr>\n<td><em>Accounting\/Auditing<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Corporate Finance<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Investment Banking<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$40,000<\/em><\/td>\n<td><em>96%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Investment Management\/Hedge Fund<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>$110,000<\/em><\/td>\n<td><em>$125,000<\/em><\/td>\n<td><em>$150,000<\/em><\/td>\n<td><em>$30,000<\/em><\/td>\n<td><em>71%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Sales &amp; Trading<\/em><\/td>\n<td><em>&lt;1%<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<td><em>*<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>VC\/Private Equity\/LBO<\/em><\/td>\n<td><em>16%<\/em><\/td>\n<td><em>$127,500<\/em><\/td>\n<td><em>$150,000<\/em><\/td>\n<td><em>$200,000<\/em><\/td>\n<td><em>$25,000<\/em><\/td>\n<td><em>42%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Other Finance<\/em><\/td>\n<td><em>4%<\/em><\/td>\n<td><em>$100,000<\/em><\/td>\n<td><em>$107,500<\/em><\/td>\n<td><em>$115,000<\/em><\/td>\n<td><em>$20,000<\/em><\/td>\n<td><em>73%<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Historically by industry:<\/p>\n<table style=\"width: 557px; height: 172px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><\/td>\n<td width=\"50\"><strong>2002<\/strong><\/td>\n<td width=\"50\"><strong>2003<\/strong><\/td>\n<td width=\"50\"><strong>2004<\/strong><\/td>\n<td width=\"50\"><strong>2005<\/strong><\/td>\n<td width=\"50\"><strong>2006<\/strong><\/td>\n<td width=\"50\"><strong>2007<\/strong><\/td>\n<td width=\"50\"><strong>2008<\/strong><\/td>\n<td width=\"50\"><strong>2009<\/strong><\/td>\n<td width=\"50\"><strong>2010<\/strong><\/td>\n<td width=\"50\"><strong>2011<\/strong><\/td>\n<\/tr>\n<tr>\n<td><em>Financial Services<\/em><\/td>\n<td><em>41%<\/em><\/td>\n<td><em>28%<\/em><\/td>\n<td><em>31%<\/em><\/td>\n<td><em>36%<\/em><\/td>\n<td><em>42%<\/em><\/td>\n<td><em>44%<\/em><\/td>\n<td><em>45%<\/em><\/td>\n<td><em>31%<\/em><\/td>\n<td><em>34%<\/em><\/td>\n<td><em>39%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em> Investment Banking<\/em><\/td>\n<td><em>13%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>11%<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em> Investment Management<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>12%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>8%<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>12%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em> Private Equity \/ LBO<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>13%<\/em><\/td>\n<td><em>12%<\/em><\/td>\n<td><em>17%<\/em><\/td>\n<td><em>11%<\/em><\/td>\n<td><em>9%<\/em><\/td>\n<td><em>14%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em> Venture Capital<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>4%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>1%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em> Other Finance<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>5%<\/em><\/td>\n<td><em>4%<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Historically by function:<\/p>\n<table style=\"width: 563px; height: 86px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><\/td>\n<td width=\"50\"><strong>2002<\/strong><\/td>\n<td width=\"50\"><strong>2003<\/strong><\/td>\n<td width=\"50\"><strong>2004<\/strong><\/td>\n<td width=\"50\"><strong>2005<\/strong><\/td>\n<td width=\"50\"><strong>2006<\/strong><\/td>\n<td width=\"50\"><strong>2007<\/strong><\/td>\n<td width=\"50\"><strong>2008<\/strong><\/td>\n<td width=\"50\"><strong>2009<\/strong><\/td>\n<td width=\"50\"><strong>2010<\/strong><\/td>\n<td width=\"50\"><strong>2011<\/strong><\/td>\n<\/tr>\n<tr>\n<td><em>Finance - Corporate<\/em><\/td>\n<td><em>3%<\/em><\/td>\n<td><em>10%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>7%<\/em><\/td>\n<td><em>6%<\/em><\/td>\n<td><em>8%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>2%<\/em><\/td>\n<td><em>1%<\/em><\/td>\n<\/tr>\n<tr>\n<td><em>Finance - Professional Services<\/em><\/td>\n<td><em>32%<\/em><\/td>\n<td><em>18%<\/em><\/td>\n<td><em>25%<\/em><\/td>\n<td><em>30%<\/em><\/td>\n<td><em>34%<\/em><\/td>\n<td><em>37%<\/em><\/td>\n<td><em>43%<\/em><\/td>\n<td><em>30%<\/em><\/td>\n<td><em>32%<\/em><\/td>\n<td><em>38%<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>(These statistics \u2013 and more \u2013 can be found on HBS\u2019s <a href=\"https:\/\/www.hbs.edu\/recruiting\/mba\/data-and-statistics\/employment-statistics.html\">Employment Statistics<\/a> page.)<\/p>\n<p><a href=\"https:\/\/www.hbs.edu\/recruiting\/mba\/printready\/recruiting-partners.html\">A Few Finance Recruiters at HBS<\/a><\/p>\n<ul>\n<li>Goldman Sachs<\/li>\n<li>Morgan Stanley<\/li>\n<li>Merrill Lynch<\/li>\n<li>Credit Suisse<\/li>\n<li>Citigroup<\/li>\n<li>Bain Capital, Inc.<\/li>\n<li>Fidelity Investments<\/li>\n<li>UBS Investment Bank<\/li>\n<li>The World Bank Group<\/li>\n<\/ul>\n<p><strong>Are you applying to Harvard Business School? Please see our <\/strong><a href=\"https:\/\/www.accepted.com\/mba\/HarvardHBS.aspx\"><strong>Harvard B-School Zone<\/strong><\/a><strong>, Harvard Application Packages, and <\/strong><a href=\"https:\/\/blog.accepted.com\/2012\/05\/23\/harvard-business-school-2013-essay-questions-and-tips\/\"><strong>Harvard Business School 2013 Essay Questions and Tips<\/strong><\/a><strong> for more information on how Accepted.com can help you get accepted. <\/strong><\/p>\n<p><em><span class=\"full-image-block ssNonEditable\"><span><a href=\"https:\/\/blog.accepted.com\/wp-content\/uploads\/2011\/11\/logo-small-for-SF.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-4169\" style=\"border: 0pt none;\" title=\"Accepted.com\" src=\"https:\/\/blog.accepted.com\/wp-content\/uploads\/2011\/11\/logo-small-for-SF.jpg\" alt=\"Accepted.com\" width=\"111\" height=\"61\" \/><\/a><\/span><\/span><\/em> <em>Accepted.com ~ Helping You Write Your Best<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>Accepted.com's <a href=\"https:\/\/www.accepted.com\/aboutus\/AboutUs.aspx\" target=\"_blank\">experienced admissions consultants<\/a> can help you create the most impressive application possible with <a href=\"https:\/\/www.accepted.com\/Services\/MBAProgramServices.aspx\" target=\"_blank\">comprehensive packages<\/a>,<strong><em> <\/em><\/strong>or provide targeted assistance from <a href=\"https:\/\/www.accepted.com\/services\/mba\/admissionsconsulting.aspx\" target=\"_blank\">picking perfect programs<\/a> to <a href=\"https:\/\/www.accepted.com\/mba\/admissionsresume.aspx\" target=\"_blank\">designing a dazzling resume<\/a>, <a href=\"https:\/\/www.accepted.com\/mba\/essayediting.aspx\" target=\"_blank\">constructing engaging essays<\/a>, or <a href=\"https:\/\/www.accepted.com\/mba\/interviewservices.aspx\" target=\"_blank\">preparing for intense interview<\/a><a href=\"https:\/\/www.accepted.com\/mba\/interviewservices.aspx\" target=\"_blank\">s<\/a>\u2026and more! Accepted.com has guided thousands of applicants to acceptances at top MBA programs since 1994 \u2013 we know what works and what doesn't, so <a href=\"https:\/\/www.accepted.com\/contactus.aspx\" target=\"_blank\">contact us<\/a> to get started now!<\/p>\n<p><em>This article originally appeared on the <a href=\"https:\/\/blog.accepted.com\/2012\/11\/06\/mba-admissions-harvard-business-school-finance-2\/\" target=\"_blank\">Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A quick glance at Harvard Business School: HBS currently ranks in first place (tied with Stanford) as the best business school, according to US News &amp; World Report (March 2012).&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,939,775,113],"tags":[797,100,796,802,49,119,800],"class_list":["post-15280","post","type-post","status-publish","format-standard","hentry","category-mba","category-accepted","category-admission-consultants","category-applications","tag-applying-to-harvard-business-school","tag-harvard","tag-harvard-business-school","tag-harvard-business-school-admissions","tag-harvard-hbs","tag-hbs","tag-hbs-admissions","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=15280"}],"version-history":[{"count":1,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15280\/revisions"}],"predecessor-version":[{"id":15282,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/15280\/revisions\/15282"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=15280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=15280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=15280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}