Securing a Master of Business Administration (MBA) from Harvard Business School (HBS) is a definitive milestone for aspiring global business leaders. However, the premium nature of an Ivy League education comes with a substantial financial commitment. For many brilliant minds across the globe, the cost of tuition, housing, and travel can feel like an insurmountable barrier to achieving their professional dreams.

Fortunately, prestigious philanthropic organizations step in to bridge this gap. The Harvard University MBA Scholarship 2027, widely recognized as the Boustany MBA Harvard Scholarship, is a premier financial aid program designed for international students. It provides talented individuals with an unparalleled opportunity to study at one of the world’s leading business schools while significantly mitigating the financial burden.

This comprehensive guide breaks down everything you need to know about the Boustany Foundation’s Harvard MBA Scholarship for the 2027 intake including eligibility criteria, core benefits, the exclusive Monaco internship, and a step by-step application strategy to help you stand out.

What is the Boustany MBA Harvard Scholarship?

The Boustany MBA Harvard Scholarship is a highly competitive, merit-based financial aid program offered once every two years to a single, exceptional candidate admitted to Harvard Business School. Established by the Boustany Foundation, the initiative aims to discover, nurture, and empower future leaders who demonstrate not only academic brilliance but also a profound potential to drive international cooperation and cross-cultural understanding.

The Boustany Foundation itself was founded in 2006 by Nabil Boustany and his son Fadi. With active presences in Switzerland and Monaco, the foundation focuses on funding educational opportunities and driving projects that contribute to the betterment of humanity. By partnering with Harvard University, the foundation ensures that financial constraints do not prevent the world’s sharpest minds from accessing world-class business training.

Because this scholarship is only awarded once every two years, it is considered one of the most exclusive and prestigious business school fellowships globally.

Quick Overview of the 2027 Scholarship

Before diving into the finer details, let’s look at the foundational metrics of this scholarship program:

• Host Country: United States (USA)
• Host Institution: Harvard Business School (HBS), Harvard University
• Funding Body: The Boustany Foundation
• Target Degree: Master of Business Administration (MBA)
• Program Duration: 2 Years (24 Months)
• Frequency: Awarded once every two years (Next intake: Autumn 2027)
• Scholarship Value: 75% Tuition Fee Coverage + Full Internship Expenses
• Mandatory Component: 2-Month Internship in Monaco
• Application Deadline: May 31, 2027

Core Benefits: What Does the Scholarship Cover?

The Boustany Foundation has structured this program to offer extensive financial relief, allowing the recipient to focus entirely on their academic performance and leadership development. The financial and professional perks are broken down below:

1. Significant Tuition Fee Reduction

The primary benefit of the scholarship is that it covers 75% of the total tuition fees at Harvard Business School. Given that HBS tuition costs tens of thousands of dollars per year, this subsidy effectively eliminates three-quarters of the baseline academic invoice, making an Ivy League degree vastly more accessible.

2. Fully Funded Monaco Internship

The scholar is required to complete a two-month, unpaid internship at the Boustany Foundation’s official headquarters in Monaco. While the internship itself is unpaid, the foundation comprehensively covers all associated operational costs:

• Travel Expenses: Return flights and travel arrangements from Harvard University to Monaco.
• Accommodation: Fully covered lodging for the entire duration of the two-month stay.
• Living Allowance: Food and daily living expenses related to the internship are fully provided.

The Highlight: The Boustany Foundation Internship in Monaco

The true differentiator of the Harvard University MBA Scholarship 2027 is the mandatory two-month summer internship in the Principality of Monaco. This component transforms the award from a standard financial grant into an experiential career accelerator.

What to Expect During the Internship

During the summer break between their first and second year of MBA studies, the selected scholar travels to Monaco. The foundation designs projects to match the scholar’s specific professional profile, background, and personal interests. Typical initiatives include:

• Developing and proposing new global scholarship branches.
• Creating strategic awareness and marketing campaigns for the foundation’s humanitarian goals.
• Collaborating with the foundation’s international partners on ongoing socio-economic developments.

This immersive experience allows the scholar to step out of the academic bubble and apply high-level business frameworks directly to real-world philanthropic challenges. Furthermore, spending two months in Monaco provides unparalleled networking opportunities with high-net-worth individuals, global policymakers, and non-profit executives.

Eligibility Criteria for the 2027 Intake

Because the Boustany Foundation invests heavily in its chosen scholar, the selection criteria are intentionally rigorous. To be considered for the 2027 cycle, applicants must meet the following baseline requirements:

• Global Openness: The scholarship is open to students of all nationalities. There are no geographic restrictions on who can apply.
• Lebanese Descent Priority: While open to the world, the foundation gives special priority and preference to qualified candidates of Lebanese descent.
• Academic Excellence: Applicants must possess an outstanding academic track record, displaying top-tier performance in their undergraduate studies and prior professional endeavors.
• Leadership Promise: Candidates must show considerable potential, a clear future trajectory, and a commitment to creating positive global impacts.
• Language Proficiency: A flawless command of the English language is mandatory, as it is the sole medium of instruction at Harvard Business School.
• Pre-requisite HBS Admission: You cannot apply for the scholarship until you have successfully navigated the standard application process for Harvard Business School and received an official, unconditional offer of admission.

⚠️ Critical Notice for Applicants: The Boustany Foundation strictly ignores scholarship applications from individuals who have not yet been accepted into the Harvard MBA program. Securing your seat at HBS is your absolute first priority.

Required Documentation

When submitting your candidacy to the Boustany Foundation, you must package your application materials professionally. Ensure you have clean, updated digital copies of the following documents ready:

1. Comprehensive Curriculum Vitae (CV): A detailed resume highlighting your academic achievements, employment history, leadership roles, and extracurricular milestones.
2. Professional Photograph: A high-quality, professional headshot.
3. Official GMAT Scores: Proof of your Graduate Management Admission Test (GMAT) results, which reflect your analytical and quantitative aptitude.
4. Harvard Acceptance Letter: The official, verified letter of admission issued to you by the Harvard Business School admissions committee.

Step-by-Step Application Process

Navigating the application pipeline requires precise timing. Follow this step-by-step sequence to ensure your application is submitted correctly:

• Step 1: Secure Admission to Harvard Business SchoolApply directly through the official Harvard Business School portal. You must successfully clear their rigorous rounds of reviews, essays, and interviews to earn an official offer of admission.
• Step 2: Compile and Format Your DocumentsOnce your HBS acceptance letter is in hand, compile your updated CV, professional photograph, and official GMAT score report into high-resolution, professional PDF formats.
• Step 3: Submit Electronic Candidacy via EmailSend your complete application package via email directly to the Boustany Foundation at admissions@boustany-foundation.org. Ensure your subject line clearly references the “Boustany Harvard MBA Scholarship Application 2027.”
• Step 4: Complete the Interview RoundsIf your profile meets the baseline expectations, the foundation will shortlist you. You will be invited to participate in one or more intensive interviews to evaluate your leadership vision, ethics, and fit for the Monaco internship.

Key Deadlines and Selection Timeline

Missing the deadline means waiting another two years for the next cycle. Keep a close eye on these milestone dates for the 2027 award cycle:

• Application Deadline: May 31, 2027
• Review and Interview Period: Early June 2027
• Scholarship Award Announcement: Late June 2027
• Program Commencement: Autumn 2027

Insider Tips to Make Your Application Stand Out

Because this scholarship is awarded to only one individual every two years, the competition is fierce. To maximize your chances of getting shortlisted by the Boustany Foundation panel, implement these strategic tips:

Align with the Foundation’s Core Philosophy

The Boustany Foundation isn’t just looking for someone who wants to make money on Wall Street or in Silicon Valley. They want to invest in individuals who care about humanity, global progression, and cross-cultural dialogue. In your interactions and resume presentation, clearly emphasize any non-profit experience, volunteer work, or initiatives where you led diverse, international teams.

Prepare a Pitch for the Monaco Internship

During the interview phase, the panel will heavily evaluate your readiness for the two-month internship in Monaco. Do your homework on the foundation’s past initiatives. Be ready to articulate a concise, actionable project idea that bridges your unique skill set with the foundation’s philanthropic mission.

Maintain an Impeccable GMAT Profile

An exceptional academic background is non-negotiable. Ensure your GMAT score sits comfortably within or above the average range for Harvard Business School (typically 730+). A strong quantitative and analytical score provides immediate validation of your academic merit.

Frequently Asked Questions (FAQs)

Can I apply for the Boustany Scholarship before getting accepted into Harvard?

No. The Boustany Foundation will automatically reject any application that does not include an official acceptance letter from Harvard Business School.

Does the scholarship cover 100% of my expenses?

No. The scholarship covers 75% of tuition fees alongside full travel, lodging, and food costs specifically for the summer internship in Monaco. Students must self-fund or find alternative loans/grants for the remaining 25% of tuition, as well as their general living expenses while staying in Boston.

Is the two-month internship in Monaco mandatory?

Yes. The internship is an absolute requirement of accepting the scholarship award. The foundation coordinates travel and accommodation to make this transition seamless.

Do I have to be of Lebanese descent to win?

Not at all. The scholarship is explicitly open to applicants of all nationalities. While priority is given to candidates of Lebanese origin, non-Lebanese candidates with exceptional merit and potential are frequently selected.

Final Thoughts

The Harvard University MBA Scholarship 2027 funded by the Boustany Foundation represents an extraordinary intersection of financial relief, elite Ivy League education, and hands-on international experience. By off-setting 75% of your HBS tuition and placing you directly into an impactful summer project in Monaco, this fellowship removes structural financial barriers and sets you up for global success.

If you are a high-achieving professional aiming for the Autumn 2027 HBS cohort, begin your Harvard admission journey early, perfect your profile, and prepare your application for submission before the May 31, 2027 cutoff.

For more information on baseline admission criteria and application cycles, check the official Harvard Business School MBA Admissions Page (https://www.hbs.edu/mba) and the Boustany Foundation Official Site (https://boustany-foundation.org/).