What Is the Boustany MBA Scholarship?
The Boustany Foundation, based in Switzerland and Monaco, awards this prestigious scholarship every two years to support one MBA student at HBS. Named after founders Nabil and Fadi Boustany, it’s more than just financial aid—it champions leadership, innovation, and global impact, with special consideration for candidates of Lebanese descent .
Key Features:
Covers 75% of HBS tuition for the two-year MBA.
Includes a two-month paid internship at the Foundation’s Monaco office, with travel, accommodation, and subsistence supported.
Internship involves real-world work: promoting scholarships, designing opportunities, and supporting Foundation initiatives.
Timeline & Important Deadlines
Application deadline: 31 May 2026
Winner announcement: June 2026
Internship occurs over the summer between Year 1 and Year 2 of the MBA program.
Eligibility Criteria
To qualify for the Boustany Scholarship, you must meet the criteria below:
1. Admission to HBS MBA (Class of 2025–27) – you must have an accepted offer before applying.
2. Academic excellence – a strong academic record from undergrad studies and the GMAT/GRE.
3. Exceptional professional promise – leadership qualities, community work, or entrepreneurship.
4. Global mindset – adaptability, varied experience, and commitment to global impact.
5. Nationality: Open globally; preference given to individuals of Lebanese descent.
6. Timing: Must apply after receiving MBA admission.
Step‑by‑Step Application Guide
Here’s how to navigate the application process:
Step 1: Gain Admission to HBS MBA (Deadline usually early April).
Prepare your GMAT/GRE, transcripts, essays, resume, and recommendations.
Apply via HBS deadlines (typically early April for Round 2 or Round 3).
Acceptance into HBS is a prerequisite.
Step 2: Gather Required Documents
Curriculum Vitae (CV) highlighting academic excellence and leadership.
A professional photograph.
GMAT/GRE scores.
Official HBS offer letter.
Step 3: Craft a Strong Application
Email application materials by 31 May 2025 to admissions@boustany-foundation.org.
Ensure clarity and conciseness: explain leadership journey, academic excellence, and why you’re a match for Boustany values.
Mention Lebanese heritage if applicable—but don’t rely solely on it.
Step 4: Prepare for Interview
Strong candidates will be called for interview(s) by the Foundation.
Do your research: understand the Foundation’s mission, past projects, and how you can contribute.
Expect questions on leadership, global perspective, and how you’ll leverage your HBS and internship experience.
Step 5: Receive the Award
The chosen scholar will be notified in June 2026.
Scholarship is applied to HBS tuition; internship logistics are arranged collaboratively with the Foundation.
Benefits Breakdown
Tuition coverage: 75% of HBS fees (~US$ 102k over 2 years at ~$51k per year).
Internship in Monaco: A two-month, full-expense internship; with travel, food, and lodging covered.
Professional development: Hands-on experience in scholarship design, strategic planning, and global nonprofit work.
Winning Tips & Strategy
To give your best shot:
Write a standout CV
Emphasize measurable achievements, leadership, and innovation. Highlight global exposure, social initiatives, or multicultural work .
Strong interview prep
Articulate why you’re the ideal Boustany candidate. Understand the Foundation’s values and how you’d add value during the internship.
Show your global mindset
Demonstrate cross-cultural experience, international teamwork, or how you will foster global development.
Highlight community impact
Share examples of social change, community leadership, or business driven by purpose.
Leverage Lebanese heritage
If applicable, thoughtfully discuss your roots and contribution to that heritage—without making it the sole focus.
Why It Matters
Financial support: Covers 75% of roughly US$102k in tuition.
Enriching internship experience: Two months in Monaco with full mentorship.
Prestige: A rare scholarship tied to HBS excellence and global leadership.
Launchpad: Expands network within philanthropic and leadership communities.
Quick Checklist
Apply and secure HBS MBA admission by April 2026
Prepare CV, photo, GMAT/GRE score, HBS offer.
Email to admissions@boustany-foundation.org by 31 May 2026.
Prepare thoroughly for interviews.
Confirm award in June 2026 and plan for summer internship.
Final Thoughts
Securing the Boustany MBA Scholarship is a game-changer—a rare opportunity blending prestigious financial support with hands-on experience in a global nonprofit environment. By aligning your application with the Foundation’s values—academic excellence, leadership, global impact, and especially Lebanese heritage (if applicable)—you can significantly boost your chances.