Studying at Harvard Business School is one of the most ambitious goals a student anywhere in the world can set and Boustany Foundation Harvard MBA Scholarship makes that goal financially accessible for one exceptional candidate every two years covering 75% of Harvard Business School tuition fees, equivalent to approximately $102,200 in total tuition support, alongside a mandatory two-month internship in Monaco with full travel and accommodation covered.
The deadline to apply for the scholarship supporting the Autumn 2027 class is 31st May 2027. The scholarship will be awarded in June 2027 so, Before you begin preparing your application, read this guide carefully including the sections that most articles about this scholarship leave out.
About the Boustany Foundation
The Boustany Foundation was established in 2006 by Nabil Boustany and his son Fadi and the foundation is present in Switzerland and Monaco and is focused on promoting access to world-class education, supporting less privileged children, and encouraging cultural tolerance and exchange. The Harvard MBA Scholarship is one of the foundation's flagship programmes — reflecting its belief that exceptional individuals, regardless of background, should have the opportunity to access the world's best education.
What the Scholarship Covers
This is a partially funded scholarship not a full scholarship and here is exactly what it covers:
· 75% of Harvard Business School tuition fees at current HBS rates, this translates to approximately $102,200 total ($51,100 per year) across the two-year MBA programme. The remaining 25% of tuition, plus all living expenses in Boston, remains the responsibility of the scholar.
· Travel expenses related to the mandatory internship at the Boustany Foundation office in Monaco
· Accommodation expenses during the two-month internship period in Monaco
What it does not cover:
- The remaining 25% of tuition fees
- Living expenses in Boston (estimated at $30,000–$48,000 per year beyond tuition)
- Harvard Business School application fees
- GMAT preparation costs
- Any expenses outside the internship period
Prospective applicants should plan their finances carefully. Even with this scholarship, studying at Harvard Business School requires significant additional personal funding SO, he scholarship is a major contribution not a free ride.
The Monaco Internship
One of the most distinctive features of this scholarship is the mandatory two-month internship at the Boustany Foundation's office in Monaco.
The internship is unpaid many articles describing this opportunity omit this fact. What the foundation covers is travel to Monaco and accommodation during the internship period and the internship work itself does not come with a salary or stipend.
During the internship, scholars work on projects related to the Foundation's activities including increasing awareness about the Foundation, designing or proposing new scholarships, or working on other initiatives that further the Foundation's vision. The dates of the two-month period are determined on a case-by-case basis between the scholar and the Foundation.
For the right candidate, this is a genuinely valuable experience working inside a private philanthropic foundation in Monaco, contributing to education initiatives, and building a unique professional profile. But it should be entered with accurate expectations.
How Many Scholarships Are Awarded?
One Scholarship . This is not a scholarship programme with multiple recipients. The Boustany Foundation awards a single scholarship to one outstanding candidate once every two years. The scholarship will be awarded for the class commencing Autumn 2027.
This is one of the most important facts to understand before investing time in this application. The competition is not simply competitive it is a field of qualified international applicants from which a single person is selected.
If you are the right candidate academically exceptional, of Lebanese descent or with a compelling international profile, already admitted to Harvard Business School — this scholarship is life-changing. If you do not meet the core criteria, your time may be better invested in other funding avenues.
Eligibility Criteria
You must have already received an offer of admission from Harvard Business School before applying for this scholarship. This is a non-negotiable prerequisite and scholarship does not help you gain admission it rewards those who have already cleared Harvard's highly selective admissions process.
Additional eligibility requirements:
1. Open to candidates of any nationality worldwide including Rwanda and all African countries
2. Priority is given to candidates of Lebanese descent this is stated explicitly by the Foundation. The scholarship can be awarded to any nationality, but candidates with Lebanese heritage have a stated selection advantage
3. Excellent academic background Harvard's own admissions process already filters for academic excellence, but the Foundation looks for additional evidence of scholarly achievement beyond admission
4. Demonstrated leadership potential not just academic merit, but evidence of impact and the capacity to create positive change
5. Motivation to create positive global impact aligned with the Foundation's mission
6. Strong English language proficiency as required by Harvard Business School
Required Documents
The application process is simple and direct you apply by email, not through a portal:
1. Curriculum Vitae (CV) with a recent photograph which is updated and comprehensive
2. GMAT score report , Harvard Business School requires the GMAT or GRE for admission; your scores must be included
3. Acceptance letter from Harvard Business School this must be obtained before you apply for the scholarship
Send all documents to: [email protected]
If shortlisted, you will be invited to one or more interviews with the Foundation. One candidate will then be awarded the scholarship.
How to Apply
Step 1: Prepare for the GMAT Target a score of 730 or above. Harvard Business School's median GMAT score is around 730. GMAT preparation takes months — start well before the HBS application deadlines.
Step 2: Apply to Harvard Business School Submit your application to Harvard Business School by their published round deadlines. HBS typically has Round 1 (September), Round 2 (January), and Round 3 (April) deadlines. Check current deadlines at hbs.edu.
Step 3 : Receive your Harvard admission offer Only after receiving your official offer of admission from HBS can you apply for the Boustany scholarship.
Step 4 : Prepare your scholarship application documents Assemble your CV with photograph, GMAT scores, and your Harvard acceptance letter.
Step 5 : Send your application by email Email all documents to [email protected] before 31st May 2027.
Step 6: Interview If shortlisted, you will be contacted for one or more interviews with the Foundation.
Step 7 : Award notification The scholarship will be awarded during June 2027.
Tips for a Strong Application
Be honest about the Lebanese descent priority. The Foundation is explicit: while all nationalities are eligible, priority goes to candidates of Lebanese descent and If you have Lebanese heritage even partial, document it clearly and if you do not, that does not eliminate you, but it means your academic and leadership profile must be exceptionally compelling.
Your Harvard application comes first. The quality and strength of your Harvard Business School application your GMAT, essays, recommendations, and interview performance determines whether you receive the admission offer without which you cannot apply for this scholarship at all. Invest the majority of your preparation time there.
Write a targeted, specific CV. The Foundation values candidates who demonstrate a genuine commitment to positive global impact and your CV should tell a coherent story, academic excellence, leadership roles, initiatives that created meaningful change. Generic CVs are easy to identify.
Apply immediately after receiving your Harvard offer. The May 31st deadline gives you time between receiving an offer and submitting your scholarship application. Use that time well — do not rush the submission.
Frequently Asked Questions
Q: Is the Boustany Foundation Harvard MBA Scholarship fully funded? No. It is partially funded. The scholarship covers 75% of Harvard Business School tuition fees approximately $102,200 total across the two-year programme along with travel and accommodation expenses for a mandatory two-month internship in Monaco Meaning the remaining 25% of tuition and all living expenses in Boston are the scholar's responsibility.
Q: How many people receive the Boustany Harvard MBA Scholarship? Only one person is awarded the scholarship in each cycle. The Boustany Foundation awards a single scholarship once every two years. The next scholarship supports the Harvard MBA class commencing Autumn 2027.
Q: Do I need to be Lebanese to apply for the Boustany Harvard scholarship? No. The scholarship is open to candidates of any nationality worldwide, including Rwandan and all African students. However, the Boustany Foundation explicitly states that priority will be given to candidates of Lebanese descent. All nationalities can and should apply, but candidates with Lebanese heritage have a stated selection advantage.
Q: Can I apply for the scholarship before I am admitted to Harvard Business School? No. You must first receive an official offer of admission from Harvard Business School before applying for the Boustany scholarship. The scholarship cannot be used to gain admission it is awarded only after Harvard's own admissions process has been completed successfully.
Q: What is the deadline for the Boustany Harvard MBA Scholarship 2027? The deadline for submission of candidacy is 31st May 2027. The scholarship will be awarded during June 2027 for the Harvard MBA class commencing Autumn 2027.
Q: Where is the mandatory internship for the Boustany scholarship? The internship is held at the Boustany Foundation's office in Monaco for two months. Travel and accommodation expenses during the internship are covered by the Foundation. The internship itself is unpaid there is no salary or stipend for the internship work.
Q: How do I apply for the Boustany Foundation Harvard MBA Scholarship? Send your CV with a recent photograph, GMAT score report, and Harvard Business School acceptance letter by email to [email protected] before 31st May 2027. If shortlisted, you will be invited to an interview with the Foundation.
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