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- Also in 1933:
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- HBS observes 25th anniversary with subdued celebrations, in light of depression-related hardships
- President A. Lawrence Lowell retires, ending his three decades of support for HBS
- "Extra Session" begins in January for unemployed/qualified applicants; allows earning of degree in 16 months
- At Donhams' urging, faculty Committee on Instruction calls for a 3rd year of MBA program, leading to DCS degree
- Franklin Folts and Edwin Robbins publish Introduction to Industrial Management, which remains in print through the 1960s
- HBS has graduated some 4,000 men in 25 years, almost all of whom are employed despite depression
- HBS increases the number of student waiter jobs from 100 to 135; applications still exceed demand
- Harvard and Yale Corporations approve joint Harvard-Yale business/law program
- O. M. W. Sprague takes leave to serve as executive assistant to U. S. Secretary of Treasury
- Popular finance professor Arthur Dewing resigns under pressure from Donham
- Stanley F. Teele receives second DCS degree awarded by HBS
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