MBA News: Alumni Giving at HBS Tops Pre-Crisis Levels

After seeing its annual alumni giving fall to $12M in 2009, Harvard Business School (HBS) seems to be making a healthy financial rebound. According to a recently published report, HBS’s fundraising has topped its pre-financial crisis levels this year, totaling a record $22M in 2013—up 16% over 2012 and 29% over 2011. As Bloomberg Businessweek observes, these figures exceed the overall national average for donations to colleges and universities, which rose a comparatively modest 6.9% in 2013 and 6.2% in 2012.

This is good news for HBS students and applicants, who may directly benefit from the surge in revenue. HBS states that in addition to bolstering funding and tuition assistance—pushing the average amount of aid per student up to $30,725 this past year—it will invest the unrestricted current use gifts to expand entrepreneurial offerings.

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