Harvard Business School
|Harvard Business School
|Jay Light, dean
|201 faculty, 1,044 staff (2006)
|Master of Business Administration
Harvard Business School (HBS), currently celebrating its centenary, is one of the oldest graduate management schools in the U.S. It is best known for inventing the much-admired "case method" of business education used today by schools around the globe.
Harvard Business School first opened its doors in 1908 and quickly rose to prominence as an elite business school and pioneer of the business education market that was later joined by competitors like the University of Chicago Graduate School of Business. HBS currently takes in around 900 students annually for its full-time MBA program, still considered the "gold standard" in business schools by respected ranker the Economist Intelligence Unit (EIU). The EIU currently ranks HBS number 13 out of the 100 leading global business schools it surveyed in 2007.
The Case Method
In 1925 HBS introduced its signature "case method" of business study that has since become the cornerstone of the school's "general management" approach to teaching. The case method, described as an "extremely lucrative product," involves bringing students together to discuss and decide on a company's dilemma. HBS faculty write over 350 new case studies each year that also comprise 80 percent of new cases used at other business schools globally.
HBS today claims more than 65,000 alumni in over 70 countries, the most famous of whom is probably current U.S. President George W. Bush. Other well-known HBS grads include New England Patriots owner Robert Kraft, former Enron CEO Jeffrey Skilling, former Treasury Secretary Nicholas Brady and current New York Mayor Michael Bloomberg.
The dean of HBS, Jay Light, was appointed in April 2006 after serving almost a year as interim dean. For the previous seven years from 1998, Light had been senior associate dean and director of planning and development, where he led efforts to improve HBS's planning, teaching and research programs. He had also served as senior associate dean and director of faculty planning from 1988 to 1994. Light is a graduate of Cornell University and worked in satellite guidance and systems analysis at Harvard's Jet Propulsion Laboratory before joining the HBS faculty in 1970.