Harvard University Boustany MBA Scholarship 2027 in USA
There’s a specific kind of scarcity that makes a scholarship genuinely worth understanding in real depth rather than skimming past, and this is about as extreme an example as exists in postgraduate funding: one candidate, chosen once every two years, out of every single MBA admit at one of the most competitive business schools on the planet.
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The Boustany MBA Harvard Scholarship is designed to support a single exceptional candidate rather than distribute modest awards among many strong applicants. It covers 75% of tuition fees throughout the two-year Harvard MBA programme and includes a hands-on internship with the Boustany Foundation in Monaco, giving the selected scholar direct experience within the Foundation’s operations.
Applications for the current cycle are now open, with a submission deadline of 31 May 2027. The successful scholar will be announced in June 2027, ahead of matriculation into Harvard’s MBA Class of 2029 in autumn 2027.Because this scholarship sits at the intersection of two entirely separate, demanding processes — first securing admission to one of the world’s most selective MBA programmes, then separately winning a highly competitive philanthropic award reserved for just one person globally.
This guide walks through both halves in real detail: the Foundation’s own history and mission, exactly how eligibility and the sequencing between HBS admission and scholarship application actually works, what the internship in Monaco genuinely involves, the full financial breakdown, and precisely how to prepare a competitive application from first document through to final interview.
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About the Harvard University Boustany MBA Scholarship
The Boustany Foundation began its scholarship programme in 1997, when it awarded its first scholarship to an MBA student at the University of Cambridge. This early milestone reflects the Foundation’s core identity: rather than operating as a corporate CSR initiative, it functions as a dedicated philanthropic organisation focused on supporting exceptional students at leading academic institutions.
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Since that first Cambridge award, the Foundation has expanded its scholarship portfolio considerably, now supporting talented students across multiple universities and academic levels worldwide, with plans for continued growth. The Harvard MBA Scholarship specifically sits among the Foundation’s flagship programmes — awarded once every two years, exclusively for the two-year, full-time MBA at Harvard Business School, rather than any of Harvard’s shorter executive or joint-degree programmes independently.
Harvard University Boustany MBA Scholarship Summary
| Scholarship Name ⇒ | Harvard University Boustany MBA |
| Host Country ⇒ | USA |
| Study Level ⇒ | Masters |
| Benefits ⇒ | 75% of tuition fees (approximately $102,200 total over 2 years), plus fully covered travel, food, and accommodation during a mandatory internship |
| Funded by ⇒ | Boustany Foundation |
| Eligible Countries ⇒ | All nationalities, with preference given to candidates of Lebanese descent |
| Application Deadline ⇒ | 31 May 2027. Scholarship awarded in June 2027, for matriculation into HBS’s Fall 2027 intake |
Understanding the Two Separate Processes You’re Actually Navigating
This is worth being completely clear about, since conflating the two is a common source of confusion. Getting the Boustany Scholarship requires clearing two entirely independent hurdles, run by two entirely separate organisations, on two different timelines.First, you must apply to and secure admission to Harvard Business School’s MBA programme through HBS’s standard, highly competitive admissions process. The Boustany Foundation plays no role in the MBA admissions decision.
Only once you hold that genuine HBS offer can you turn to the second, separate process: submitting your candidacy directly to the Boustany Foundation for the scholarship itself. Given how demanding HBS’s own admissions cycle is, and how HBS’s application rounds typically run well ahead of a given autumn intake, prospective applicants aiming for this scholarship need to be thinking about their HBS application timeline considerably earlier than the 31 May 2027 scholarship deadline itself.
What the Two-Month Monaco Internship Actually Involves
This is a defining, and mandatory, feature of the scholarship that the original programme summary understates considerably. Every successful scholar is required to complete a two-month unpaid internship at the Boustany Foundation’s own office in Monaco, undertaken over the summer. While unpaid, the Foundation fully covers your travel, accommodation, and food costs for the entire internship period — meaning it carries no personal financial cost to you, even though it isn’t a salaried placement.
The specific project you’ll work on is genuinely tailored to your own background and interests, determined together with the Foundation on your first day rather than assigned rigidly in advance. Past scholar work has spanned increasing public awareness of the Foundation’s mission, designing or proposing entirely new scholarship programmes, and contributing to other initiatives connected to the Foundation’s broader philanthropic vision — giving you genuine exposure to how an international philanthropic foundation actually operates, alongside your MBA training.
What This Scholarship Actually Pays
- 75% of your tuition fees for the full two-year Harvard MBA programme — based on current HBS tuition rates, this works out to roughly $102,200 total across both years, or approximately $51,100 per year, though exact figures shift with HBS’s own tuition adjustments year to year
- Full coverage of travel, accommodation, and food expenses connected specifically to your mandatory Monaco internship
- Genuine, direct access to a global philanthropic network through the Boustany Foundation, alongside the standard, considerable professional network that comes with an HBS MBA itself
It is important to note that the scholarship covers 75% of tuition rather than the full cost of attendance. You must therefore have a funding plan for the remaining 25% of tuition, as well as living expenses throughout the two-year MBA programme in Boston, which the award does not cover.
What Makes You Eligible for This Scholarship
- You need an outstanding academic record, with demonstrated exceptional potential — the Foundation is explicit that only truly exceptional candidates should apply, given the single-award structure
- You need a Bachelor’s degree from a recognised university, forming the baseline academic foundation HBS itself requires for MBA admission
- Critically, you need to have already received an offer of admission to Harvard Business School’s MBA programme before you’re even eligible to submit a Boustany scholarship application — this sequencing is absolute. There’s no pathway to apply for this scholarship independently of, or ahead of, securing your own HBS admission through Harvard’s standard, separate MBA application process
- Preference is given to candidates of Lebanese descent, though the scholarship remains genuinely open to exceptional applicants from any country
What Documents You Need to Prepare
- A current CV, detailing your academic achievements and professional work experience in full
- Your GMAT scores
- A copy of your official Harvard Business School admission letter — this is a required document you can only provide once you’ve already secured HBS admission
- A passport-sized photograph
This is a genuinely lean document list for a scholarship of this scale and selectivity, reflecting that the heaviest lifting in your candidacy has already happened by the time you apply — namely, successfully clearing Harvard’s own demanding MBA admissions process.
What the Application Process Requires
- Apply to, and secure admission from, Harvard Business School’s MBA programme through HBS’s own standard, separate admissions process — this needs to happen well ahead of the Boustany deadline, since HBS’s own application rounds close considerably earlier than 31 May
- Gather your Boustany application documents — your CV, GMAT scores, your HBS admission letter, and your passport photograph
- Email your complete application package directly to the Boustany Foundation at [email protected]
- Submit before the deadline — 31 May 2027 for this cycle
- If shortlisted, prepare for one or more interviews with the Boustany Foundation, which may be conducted virtually or in person depending on your circumstances and the Foundation’s own process for the cycle
- Await the final decision, with the single successful candidate announced during June 2027
- If selected, formally accept the scholarship’s terms, including your commitment to the mandatory Monaco internship, ahead of matriculating into Harvard’s Fall 2027 MBA intake
What the Deadline and Selection Timeline Look Like
- Prerequisite step: Securing HBS MBA admission for Fall 2027 entry, through Harvard’s own separate, earlier application rounds
- Boustany scholarship application deadline: 31 May 2027
- Scholarship awarded: June 2027, to a single successful candidate
- Matriculation: Fall 2027, joining Harvard’s MBA Class of 2029
- Internship period: Over the summer following the award announcement, before or around the start of your MBA studies
- Next Expected Cycle: Because the scholarship is awarded every two years, the next cycle is expected to target candidates seeking Fall 2029 entry. The application deadline will likely fall around late May 2029, following the timing of the current cycle.
What to Do Given the Long Runway Ahead
- Treat your Harvard MBA application as the starting point for the entire scholarship process, since you cannot begin the Boustany application until you secure admission to HBS. Start building a competitive HBS application well ahead of the relevant HBS admissions deadline.
- Keep your GMAT score current and strong throughout your HBS application process, since this same score carries forward directly into your Boustany scholarship documentation
- If you’re a candidate of Lebanese descent, be prepared to reflect this authentically within your broader candidacy, though remember the scholarship remains genuinely open and competitive for exceptional applicants of any nationality
- Think realistically about your finances for the remaining 25% of tuition and your full cost of living in Boston, since this scholarship — generous as it is — doesn’t cover the complete cost of an HBS MBA
- Research the Boustany Foundation’s own mission and past scholar projects in Monaco, since genuine, specific interest in the Foundation’s work beyond simply the financial award is likely to distinguish a strong candidacy during the interview stage
Frequently Asked Questions
Can I apply for the Boustany Scholarship before I’ve been admitted to Harvard’s MBA programme?
No. You must already hold a genuine offer of admission from Harvard Business School’s MBA programme before you’re eligible to submit a Boustany scholarship application.
How many people receive this scholarship each cycle?
Just one. It’s awarded to a single candidate once every two years, making it one of the most selective single-recipient scholarships available at this level.
Is the internship in Monaco optional?
No. Completing a two-month unpaid internship at the Boustany Foundation’s Monaco office is a mandatory condition of accepting the scholarship, though all associated travel, accommodation, and food costs are fully covered by the Foundation.
Does this scholarship cover the full cost of my Harvard MBA?
No. It covers 75% of tuition fees specifically — you’ll still need to fund the remaining 25% of tuition, along with your living costs throughout the two-year programme.
Is preference for Lebanese descent an absolute requirement?
No. It’s a stated preference reflecting the Boustany family’s heritage, but the scholarship remains genuinely open to exceptional applicants of any nationality.
Disclaimer: All scholarship details and figures in this post are verified from official Boustany Foundation sources as of July 2026. Information is subject to change without notice. Always confirm the latest details directly on the official Boustany Foundation website or by contacting [email protected]. ScholarWaka is not affiliated with Harvard University, Harvard Business School, or the Boustany Foundation.
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