Harvard Business School’s online courses and programs are coming closer than ever to surpassing its revenue from traditional on-campus executive education programs.
In fiscal 2021, HBS Online narrowed the difference to a mere $5 million in revenue. At HBS Online, revenues reached a record $76 million in fiscal 2021, a 31% increase over the $58 million achieved a year earlier. Meantime, revenue from Harvard’s on-campus executive education offerings plunged by 45% to $81 million. Only two years earlier, Harvard Business School’s executive education revenue was $222 million, more than five times the revenue of its online unit which racked up only $43 million in fiscal 2019.
Harvard Business School said applications to its online courses rose by 112% last year as the school continued its expansion of a portfolio of online courses and more people took advantage of them. The number of…