- June 18, 2021
- Posted by: Stratford Team
- Category: Business
$250 may not seem like a big sum for MBA applicants. That’s the cost of two years of Netflix – or the application fee for a target school. Between rent and debt, it isn’t always easy for young professionals to scrape together that amount. And it is even more daunting when the school only accepts one candidate from every ten applications.
Those are the odds of getting into Harvard Business School. Today (June 17), HBS announced that it would begin offering a needs-based application fee waiver for the 2021-2022 cycle. According to the school, the action is designed to attract a more diverse set of candidates, while reducing financial hurdles that might spook students who face hardship.
APPLICANTS GET TO MAKE THEIR CASE
The goal of the waiver is to prevent potentially talented leaders, both in the classroom and the world beyond, from passing on applying at HBS due to an upfront cost. The waiver, which is part of…