Applications are now open for the Boustany Foundation MBA Scholarship at Harvard Business School, a partially funded award covering 75% of tuition fees plus a fully paid two-month internship in Monaco. This scholarship is meant for students who have already secured admission into the Harvard MBA programme and are looking for financial support to make their dream affordable. The deadline to apply falls on 31st May 2027, and the final decision will be announced in June 2027. There is no mention of any application fee, so candidates from any background can apply without worrying about extra costs just to submit their documents.
While this opportunity is technically open to applicants from every country, the Boustany Foundation has made it clear that students of Lebanese descent will be given priority during the selection process. Still, if your academic record is strong and you can show real potential as a future leader, you are encouraged to throw your hat in the ring regardless of where you come from.
This is not your average scholarship that floods inboxes every semester. It is awarded only once every two years, and only to a single candidate worldwide, which honestly makes it one of the toughest scholarships to land. But for the one person who gets it, the reward is massive: studying at one of the most respected business schools on the planet, with a huge chunk of the tuition burden lifted off their shoulders, plus a paid trip and internship experience in Monaco that most MBA students could only dream of.
Below, we have broken everything down in a simple and organized way so you don’t have to dig through pages of legal jargon or scattered FAQs to understand what this scholarship actually offers and how you can apply for it.
Key Details of the Boustany MBA Harvard Scholarship:
Before diving deeper, here are the essential facts you need to know at a glance.
- Degree Level: This scholarship supports students enrolling in the Harvard MBA, a 12-month full-time programme
- Host Institution: Harvard Business School, Harvard University, United States
- Internship Location: Monaco, at the Boustany Foundation office
- Application Deadline: 31st May 2027
- Result Announcement: June 2027
- Funding Type: Partial funding, covering 75% of tuition fees
- Number of Awards: Only one scholar is selected, and that too once every two years
- Open For: Candidates of all nationalities, though Lebanese applicants are prioritized
- Application Fee: There is no application fee
- Pre-requirement: You must already hold an official offer of admission from Harvard MBA before you even think about applying for this scholarship
What This Scholarship Offers:
A lot of students assume scholarships are just about money, but this one gives you something far beyond a tuition discount. Here is what you actually walk away with if you become the chosen scholar.
- You get major financial relief, since 75% of your Harvard MBA tuition fees will be covered, meaning you won’t be drowning in education debt the way most international MBA students end up being
- You gain real-world international work exposure through a two-month internship at the Boustany Foundation’s office in Monaco, something that looks incredibly impressive on any resume
- You receive complete coverage of your internship-related travel, accommodation, and food expenses, so you won’t have to spend a single cent out of pocket during those two months abroad
- You get the chance to actually shape a project yourself, since the internship scope is partly decided based on your own interests and strengths, not just handed to you as a fixed task
- You build a long-term connection with the Boustany Foundation, a network that can open doors well beyond your MBA years
- You earn the prestige of being associated with a globally competitive scholarship that is awarded to just one person every two years, which instantly adds weight to your professional profile
Who Can Apply ; Eligibility Criteria:
The Boustany Foundation has kept the eligibility requirements fairly straightforward, but they are strict about the order in which things need to happen. Take a look below.
- You must have an excellent academic background, with a track record that shows you are capable of handling rigorous coursework
- You should demonstrate strong leadership potential or future promise, not just good grades on paper
- You are only allowed to apply for this scholarship after you have already received an official offer of admission into the Harvard MBA programme, applying beforehand will not work
- Your application must include proof of this admission offer, since submissions without it will be rejected outright
- You can be from any nationality, though if you happen to be of Lebanese descent, your application will receive priority consideration
- You should be ready and willing to commit to a two-month unpaid internship in Monaco during the summer, as this is a mandatory part of accepting the scholarship
Fields and Programs Covered:
Since this scholarship is tied directly to the Harvard MBA, here is the field it applies to.
- Master of Business Administration (MBA)
How to Apply for the Boustany MBA Harvard Scholarship:
The application process is fairly simple once you have your Harvard offer letter in hand. Here is exactly what you need to send and to whom.
- Prepare an updated curriculum vitae that includes a recent photograph of yourself
- Gather your GMAT scores, since these are a required part of the submission
- Attach your official acceptance letter from Harvard Business School, confirming your admission into the MBA programme
- Send all of these documents together via email to admissions@boustany-foundation.org
- Wait for a response, and if you are shortlisted, you will be invited for one or more rounds of interviews conducted by the Foundation
- Only one candidate is chosen out of all shortlisted applicants, so the final stage is highly competitive
About the Internship Component:
A part of this scholarship that often gets overlooked is the mandatory internship, so let’s talk about it a little more since it is just as important as the financial aid itself. Once you are selected as the scholar, you will spend two months over the summer working at the Boustany Foundation’s office in Monaco. This internship is unpaid in terms of salary, but the Foundation takes care of your travel, food, and accommodation throughout the entire stay, so financially you are not left to fend for yourself.
What makes this internship genuinely interesting is that the project you work on is not fixed in stone before you arrive. On your very first day, the Foundation will sit with you to decide the actual scope of your work, and this can be shaped around things like raising awareness about the Foundation’s mission, helping design or propose brand new scholarship programs, or contributing to other initiatives that support the Foundation’s broader vision. Basically, instead of being handed a generic task list, you get a say in what you work on, which is rare for an internship tied to a scholarship.
Also worth noting, the exact two-month window for this internship is not rigidly fixed either. The dates are arranged on a case-by-case basis between you and the Foundation, so there is some flexibility depending on your academic schedule and personal circumstances.
Why This Scholarship Stands Out:
There are plenty of MBA scholarships out there, but very few combine tuition support with a structured international internship the way this one does. Most scholarships either give you money and leave the rest up to you, or they offer work experience without touching your tuition bill. The Boustany Foundation tries to do both at once. You walk away with reduced financial pressure during your MBA and a genuine professional opportunity that adds international work experience to your portfolio before you have even graduated.
Of course, the competition is steep since only one person gets selected every two years. But for someone who already has a Harvard MBA offer in their pocket and is searching for ways to fund it without taking on heavy loans, this scholarship is absolutely worth applying for. Even if you don’t get selected, going through the application and interview process can be a valuable experience in itself, helping you sharpen how you present yourself for future opportunities.
Final Thoughts:
If you have recently received your Harvard MBA acceptance letter and you are now wondering how to manage the financial side of things, the Boustany Foundation Scholarship deserves a serious look. It is competitive, yes, but it is also one of the few scholarships that genuinely rewards its scholar with both money and meaningful international exposure. Make sure your CV, GMAT scores, and acceptance letter are ready well before the 31st May 2027 deadline, since incomplete applications or late submissions are unlikely to be entertained.
Frequently Asked Questions?:
Is the Boustany MBA Harvard Scholarship fully funded?
No, it is not fully funded. It covers 75% of your tuition fees, along with expenses related to the internship in Monaco, but you will need to arrange funding for the remaining costs yourself.
Can I apply for this scholarship before getting admission into Harvard?
No, you cannot. You must first receive an official offer of admission from Harvard Business School, and only then can you apply for this scholarship.
How many candidates are selected each year?
Only one candidate is selected, and this happens once every two years, making it one of the most competitive scholarships available for MBA students.
Is this scholarship only for Lebanese students?
No, candidates of any nationality can apply. However, priority is given to applicants of Lebanese descent during the selection process.
Is there an application fee for the Boustany Foundation Scholarship?
There is no application fee mentioned anywhere in the official requirements, so applying does not cost you anything.
What documents are required to apply?
You need to send your CV with a photograph, your GMAT scores, and your official acceptance letter from Harvard Business School to admissions@boustany-foundation.org.
Is the Monaco internship compulsory?
Yes, completing the two-month internship at the Boustany Foundation’s office in Monaco is a mandatory requirement for all selected scholars.
When is the deadline to apply for the next cycle?
The deadline for the upcoming cycle is 31st May 2027, with the final scholarship decision expected to be announced in June 2027.
