$100,000 Boustany Foundation MBA Scholarship – United States 2023

Written by K Fisher on January 26, 2022

4 min read

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Scholarship details

  • Area of study

    Business and Management
  • Country of the Scholarship

    United States
  • Scholarship Valid Until (Year)

  • Type of scholarship

    Ph.D. scholarship
  • Scholarship amount given

    > 12000
  • Type of scholarship administrator

    Private sponsor
  • Mode of scholarship (Online/Offline)

  • Applier's country

  • Expenses covered

  • Scholarship Contact Details

    E-Mail: [email protected]

The Harvard MBA is one of the world’s leading business programs, taught at one of the world’s most prestigious Universities. The Boustany MBA Harvard Scholarship is granted once every two years for a two-year course at Harvard Business School.

Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and among the most prestigious in the world.

Harvard is a large, highly residential research university offering 50 undergraduate majors, 150 graduate degrees, and 30 professional degrees. For the 2018–2019 academic year, Harvard granted 1,700 baccalaureate degrees, 1,000 graduate degrees, and 6,000 professional degrees.

Harvard is a founding member of the Association of American Universities and a preeminent research university with “very high” research activity (R1) and comprehensive doctoral programs across the arts, sciences, engineering, and medicine according to the Carnegie Classification.

With the medical school consistently ranking first among medical schools for research, biomedical research is an area of particular strength for the university. More than 15,000 faculty and over 2,000 graduate students conduct research at the medical school as well as its 20 affiliated hospitals and research institutes. The medical school and its affiliates attracted $2 billion in competitive research grants from the National Institutes of Health, more than twice as much as any other university.

Maybe even more notable are the alumni that hail from Harvard University, names such as John F. Kennedy, John Adams, T.S. Eliot, Franklin D. Roosevelt, and many many more.

Established in 2006 by Nabil Boustany and his son Fadi, the Boustany Foundation is present in Switzerland and Monaco.

The two entities share a similar vision although each has its own Board of Directors representing a diverse range of nationalities and backgrounds.

Preceding the Foundation itself, the first Boustany Scholarship was awarded in 1997 to an MBA student at the University of Cambridge. The Foundation has since awarded many scholarships in various fields with plans to create more opportunities in the coming years for exceptional students.

Today, the Boustany Foundation is actively engaged in promoting and managing scholarship and aid programs – all of which have ambitious plans for further development, global reach, and scope. New scholarships for talented and promising individuals are progressively being created. Each year more projects that offer opportunities for disadvantaged children are proposed and brought to fruition.

To achieve its mission the Foundation will undertake the following:

Support all disciplines contributing to the evolution of human civilizations:

astronomy, medicine, science & technology, finance, economics, management, law, history, philosophy, etc…

This objective is achieved primarily but not exclusively, by awarding scholarships to outstanding and promising candidates.

Promote harmony between human populations, by:

– improving communication, understanding, and tolerance between people
– promoting awareness and acceptance of the other’s culture
– facilitating, when necessary, the dissemination and flow of information.

Children are our future and are not autonomous. The Foundation’s goal will be to:

– enable children to live happy, healthy, productive, meaningful, and rewarding lives.
– help children in need.

The above activities are to be implemented progressively over time.


  • To receive this scholarship, first off the student applying must be enrolled as a full-time student at Harvard
  • Any student can apply for this scholarship, international or domestic
  • Applicants must have their field study in business (there are no exceptions)
  • Candidates of all nationalities can apply to the Boustany Scholarship, although a priority is given to nationals of Lebanese descent
  • Candidates may apply for the Scholarship only after receiving an offer of admission from the Harvard MBA program
  • Both male and females students may apply for this scholarship
  • This scholarship is typically reserved for international students
  • The student who is chosen may have to show that they have come from a financial low income background



Successful scholars are expected to complete a two-month unpaid internship with the Foundation. Projects are varied and relate to the Foundation’s activities or those of its partners.

This scholarship is perhaps one of the most lucrative in the world.

Every candidate will be interviewed and their academic record will be looked through to see that they do indeed so tremendous promise academically. Generally, the individual that would be awarded this would be holding a steady 4.0 GPA consistently throughout their entire college career.

Students can check out other international MBA scholarships if they do not fit the eligibility mentioned with this one.


How to Apply

Students must be Harvard full-time student that has not deferred at any point.

Secondly, the student must understand that they need to be enrolled and belong to a Harvard-based association before they could submit this MBA scholarship.

If a student ends up being shortlisted, they may be invited to an interview with the Foundation. One candidate is picked as a recipient then they will be awarded the MBA scholarship.


Reward – Extra Benefits

The reward for this scholarship is well above average. A student would receive increments of $50,000 per semester to cover tuition, living costs, or any fees that may present themselves.

While this tuition would be covered, if a student has most of the tuition already paid off they would be able to receive a scholarship refund check that the student could use for their own personal benefit.

Travel and accommodation expenses related to the internship. All of the projects associated with the Boustany Foundation involve the foundation. Recipients should understand that once they receive the acceptance letter, they are actually aware that an internship means they must follow guidelines and rules to keep the internship.



The official deadline date for this Harvard MBA scholarship is May 31, 2023. The round for 2022 has already closed and is being chosen as we speak. However, the 2023 category has yet to open and the open in early 2023.

Students should check the Harvard website to see if any of the dates have been changed or removed.


Open Submission Window Time Frame

Anyone looking to submit an MBA scholarship form would see that they have a very limited amount of time to revise. That’s why it is wise to do so before the student hits the submit scholarship button.



This is an annual scholarship that has taken place for a number of years now.

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