Harvard Business School The Economist rankings
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Harvard Business School The Economist Rankings

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Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636, and named Harvard College in 1639 in honor of its first benefactor, Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of colonial-era Massachusetts Bay Colony. While never formally affiliated with any Protestant denomination, Harvard trained Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. In 1780, the Constitution of Massachusetts referred to it as a university, and a new medical school established in 1782 was named the Medical Institution of Harvard University; but this was a new name, not a new foundation. Harvard College soon became the name of the university's undergraduate division. By the 19th century, Harvard had emerged as the most prominent academic and cultural institution among the Boston elite. Following the American Civil War, under Harvard president Charles William Eliot's long tenure from 1869 to 1909, Harvard developed multiple professional schools, which transformed it into a modern research university. In 1900, Harvard co-founded the Association of American Universities. James B. Conant led the university through the Great Depression and World War II, and liberalized admissions after the war. The university has ten academic faculties and a faculty attached to Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer graduate degrees, including professional degrees. Harvard has three campuses: the main campus, a 209-acre (85 ha) in Cambridge centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment, valued at $55.7 billion, makes it the wealthiest academic institution in the world. Harvard Library, with more than 20 million volumes, is the world's largest academic library.

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Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, HBX and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review. Harvard's MBA program is ranked #1 in the world by Bloomberg, #1 by the Financial Times, #1 by BusinessInsider and #2 by US News and World Report and Forbes Magazine.

Harvard Business School was established in 1908, initially by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867-1946). Yogev (2001) explains the original concept:
This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques. The goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business. In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, railroads, and so on... Professor Lowell said Harvard Business School would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration... Harvard was blazing a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers. The business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are typically descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyse and provide recommendations on.
From the start Harvard Business School enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.
At its founding, Harvard Business School accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program (by then known as the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963.


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