The Harvard University MBA Scholarship funded by the Boustany Foundation is a distinguished award for talented candidates accepted into the MBA programme at Harvard Business School (HBS). This merit‑based scholarship is offered roughly every two years to help outstanding students pursue the highly regarded two‑year MBA at Harvard.
Scholarship Benefits
Recipients of this scholarship receive significant financial support, including:
• Financial aid covering 75 % of tuition fees for the MBA, helping to reduce the cost of studying at one of the world’s leading business schools.
• Travel and accommodation expenses which are related to the required internship component of the award.
Internship Requirement
As part of the scholarship, awardees are expected to complete a two‑month unpaid internship at the Boustany Foundation office in Monaco. All travel, food, and lodging expenses during this internship period are covered by the Foundation. The internship work typically involves activities such as promoting the Foundation’s mission, contributing to new scholarship design, or supporting other strategic initiatives.
Eligibility & Selection
To qualify for the Boustany Foundation MBA Scholarship:
• Applicants must have a confirmed offer of admission from the Harvard MBA programme before applying for the scholarship.
• Candidates should demonstrate excellent academic achievement and leadership potential.
• Although the award is open to applicants of any nationality, preference is given to candidates of Lebanese descent if academic profiles and achievements are comparable.
Application Process & Timeline
Once you have an MBA offer from Harvard Business School, you typically apply by submitting:
‑ A curriculum vitae (CV) with a recent photograph
‑ GMAT scores or equivalent test results
‑ Your Harvard MBA acceptance letter via email to the Foundation’s admissions address.
Shortlisted applicants are invited for one or more interviews with the selection committee. The scholarship is traditionally awarded in June shortly after the application deadline, which is often 31 May in the relevant year.
Why It’s Valuable
This scholarship not only lowers the financial burden of pursuing an elite MBA at Harvard but also provides professional exposure through a structured internship and connection to a global network — offering both academic and career advancement opportunities for emerging business leaders.
