Founded in 1908, HBS was initially conceived as a "delicate experiment" in the new field of professional management training. Harvard was the first university to require a college degree for admission to its business program.
Today, with a faculty of about 200, permanent staff of over 500, HBS offers a full-time Master’s in Business Administration (MBA) program, three doctoral programs, and over 30 executive education programs. Each year the MBA program graduates about 900 students, and 100 scholars are involved in the doctoral programs.
In addition, about 3,000 executives participate in management programs lasting from three days to ten weeks.