e, and today admits approximately 15% of applicants. In the 60′s the acceptance rate was about 30%, down to 25% in the 70s, and has fluctuated between 10-15% ever since. Students who make it past the application process are typically standouts, and already fairly successful by most traditional definitions – they have an undergraduate degree, typically three to five years of work experience and were considered suitable for acceptance into the Harvard Business School.