HARVARD EXPECTS TO DOLE OUT $32 MILLION IN SCHOLARSHIP SUPPORT THIS YEAR
Organizers of the event—the first alumni chapter gathering to celebrate women—say it would not have occurred if not for the article in The New York Times. The idea to recognize exceptional alumnae in the area was largely prompted as a way to demonstrate the impact made by HBS women through their leadership roles in both for-profit and non-profit organizations, while also volunteering time to give back to the broader community (see Life Lessons From The Exceptional Women of the Bay). Organizers said the gala’s 600 seats sold out within three weeks.
“We couldn’t be more pleased that the Association is celebrating the achievements of these women and building on the momentum of our 50th anniversary of women in the MBA program.” said Nohria. “The women being honored are wonderful examples of leadership in their professions, their communities, and their family lives. They embody the HBS mission.”
The Northern California alumni group also announced what it called the first fellowship for young women who have been admitted to HBS from the Bay Area. The club said it already had commitments for $500,000 toward a $1.5 million endowment for a fellowship that would fund several women each year.
Nohria told Poets&Quants that this year Harvard Business School expects to pay out $32 million in scholarship assistance to its roughly 1,800 MBA students. That’s up from $28 million in 2010 (see The New B-School Arms Race For The Best & Brightest). He said he was confident HBS could reach its 20% goal in five years, noting that the school had been highly successful in significantly increasing the number of case studies on global business in recent years.